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Contango ORE Inc.: Developing Alaska’s Next Gold Mine in Partnership with Kinross and the Tetlin Alaska Native Tribe

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Wed, December 9, 2020 at 2:00 PMendedReplay
Contango ORE Inc.: Developing Alaska’s Next Gold Mine in Partnership with Kinross and the Tetlin Alaska Native Tribe

Investor webinar replay

Meeting Overview The meeting focused on the presentation of Contango Ores' Peak Gold Deposit project in Alaska, highlighting its partnership with Kinross and the Tetlin Alaska Native tribe. CEO Rick Van Nieuwenhuizen discussed the project's details, including resource estimates, financial projections, and future plans for development. Key Discussion Points - Introduction of Contango Ores and its Peak Gold Deposit project. - Overview of the partnership with Kinross, including Kinross acquiring a 70% interest in the project. - Details on the resource estimates: 1.3 million ounces measured and indicated, with a high grade of 4 grams per ton. - Explanation of the project’s logistics, including ore transportation to the Fort Knox mill. - Financial aspects, including estimated capital costs of $110 million and all-in sustaining costs of $750 per gold equivalent ounce. - Future plans for a feasibility study, permitting, construction timelines, and production start date in 2024. - Explorati...

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Speaker profile Rick Van Nieuwenhuyse

Rick Van Nieuwenhuyse

President, CEO, & Director at Contango ORE

Rick has more than 40 years of experience in the natural resource sector. Before joining Contango Ore in January 2020, he was President and Chief Executive Officer of Trilogy Metals, who are currently developing the high- grade Upper Kobuk Mineral Projects located in the Ambler Mining District of Alaska. Trilogy is a company which was created in 2012 as a spin-out from NOVAGOLD, a well-known company he founded over 20 years ago. NOVAGOLD is currently finalizing permits for the 40 million ounce Donlin Gold Project in Southwest Alaska with partner Barrick Gold, the world’s largest gold company. Previous to his role as Founder, President, and CEO of NOVAGOLD, he held the position of Vice President of Exploration for Placer Dome Inc. from 1990 to 1997. In addition to his international exploration perspective, Rick brings years of working experience in and knowledge of Alaska to Contango. Rick has managed projects from grassroots discovery through to advanced feasibility, production and closure. He has played a key role in setting up several other corporate entities including: Alexco - where he remains a Director - which is rejuvenating the Keno Hill Silver District in the Yukon; Tintina Resource (now Sandfire Resources America), which discovered and is now completing a feasibility study + permitting the high grade Black Butte copper project in Montana; and SolidusGold, where he is Chairman. Rick holds a Candidature degree in Science from the Université de Louvain, Belgium, and a Master of Science degree in Geology from the University of Arizona. He received the Thayer Lindsley award in 2009 for his role in the Donlin Gold discovery and the Colin Spence Award in 2016 for his role in the Bornite Discovery.

Replay transcript excerpt

Speaker 1: Hi, everybody. Thank you for joining Contango Ores Live Investment Summit today hosted by Sixx, developing Alaska's Nix gold mine in partnership with Kinross and a Tetlin, Alaska native tribe. Speaker 1: I'm pleased to introduce President and CEO Rick Van Nieuwenhuizen today. Speaker 1: Rick is going to walk you through the company presentation. And after that, as always, we will be taking questions. Speaker 1: As a reminder, please submit your questions using the Q&A tab on the right hand side of your screen at any point during the presentation. Speaker 1: Now, without further ado, I'm going to hand it over to Rick to kick things off. Speaker 2: Well, thank you, Jane, Speaker 2: And thanks for joining us in this virtual world. Speaker 2: I'm looking forward to presenting contango. It's not a well known story. Speaker 2: So hope you'll. Speaker 2: We'll find it interesting. Of course, be making forward looking statements. Speaker 2: And I draw your attention to our cautionary language around resources Speaker 2: and the all-important non-gap measures. Speaker 2: So Speaker 2: just high level, Speaker 2: our project is located Speaker 2: in Speaker 2: Southeastern Speaker 2: Alaska, Speaker 2: near the Canadian border right along the Alaska highway. Speaker 2: It's called the Peak Gold Deposit. We've outlined a 1.3 million ounce measured and indicated resource there. Speaker 2: Lots of exploration upside. What's Speaker 2: is key here is the grade, 4 grams per ton, Speaker 2: Very high grade for an open pit gold mine. Speaker 2: We are working on private land owned by the. Speaker 2: Tattlin Alaska Native tribe and Speaker 2: they have 675 Speaker 2: acres of fee simple land. Speaker 2: That resulted Speaker 2: from their aboriginal rights and title settlem...

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