Cor por ate Pr e se ntation, Se pte mbe r , 2018 F ORWARD L - - PowerPoint PPT Presentation

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www.har te gold.c om T SX: HRT | F RANKF URT : H4O | OT C: HRT F F G O L D C O R P Cor por ate Pr e se ntation, Se pte mbe r , 2018 F ORWARD L OOK I NG ST AT E ME NT S This presentation contains forward-looking


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SLIDE 1

Cor por ate Pr e se ntation,

Se pte mbe r , 2018

G O L D C O R P

www.har te gold.c om T SX: HRT | F RANKF URT : H4O | OT C: HRT F F

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F ORWARD L OOK I NG ST AT E ME NT S

All figur e s in CAD, unle ss o the r wise no te d F igur e s in USD we r e c o nve r te d at CAD/ USD 0.8000 All to nnage s in me tr ic , unle ss o the r wise no te d

This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Harte Gold’s development potential and timetable of its operating, development and exploration assets; Harte Gold’s ability to raise additional funds necessary; the future price of gold; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting

  • risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",

"intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur"

  • r "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown

risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Harte Gold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Harte Gold and in its public documents filed on SEDAR from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Harte Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Harte Gold does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Harte Gold’s annual and interim MD&As.

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COMPANY SNAPSHOT

CORPORAT E ST RUCT URE INST IT UT IONAL SUPPORT Analyst F

  • llowing:

Major Shar e holde r s1: He adquar te r e d:

T

  • ro nto , Onta rio , Ca na da

Mar ke t Cap:

C$260 millio n (C$0.45 Aug 30th)

19.9%

Shar e s Outstanding:

581 millio n (Ba sic ) 643 millio n (F ully Dilute d)

Symbol:

T SX: HRT F RANK F URT : H4O OT CBB: HRT F F

He a d Offic e (T

  • r
  • nto)

2.1% 0.9% 7.2%

De bt F inanc ing F

  • r

Up T

  • US$70 Million:

US$20 million US$50 million

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4

PROJE CT L OCAT I ON

83,850 HE CT ARE S (>200,000 ACRE S) CL AIME D ON A MAJOR GRE E NST ONE BE L T IN AN E ST ABL ISHE D MINING RE GION

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K E Y MI L E ST ONE S

Re so urc e upda te : triple d re so urc e PE A: $425 M pre -ta x NPV5%, 60% pre -ta x I RR1

 

Co mpre he nsive de b t fina nc ing pa c ka g e , up to US$70 M

I BA sig ne d with Pic Mo b e rt F irst Na tio n (PMF N)

1) 5% disc o unt ra te a t g o ld pric e US$1,350/ o z a nd CAD:USD 0.8000

F ina l pe rmitting : Se pte mb e r 2018

Co mme rc ia l Pro duc tio n: Q4 2018

T HE NE XT 12 MONT HS ARE CAT AL YST RICH F OR HART E GOL D

Re so urc e Upda te : Q1 2019

Upda te d mine pla n, fina l te c hnic a l re po rt: Q1 2019

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TSX: HRT

6 (68% ) (38% ) (38% ) (15% ) (15% ) (12% ) (11% ) (2% ) 3% 7% 10% 48% 62% 102% TMAC Resources Equinox Gold Victoria Premier Gold Marathon Gold Osisko Mining Lundin Gold Argonaut Gold Midas Gold Pretium Pure Gold Harte Gold Wesdome Gold Atlantic Gold

PE RF ORMANCE I N T HE JUNI OR GOL D SE CT OR

T HE MARKE T SHOUL D RE SPOND POSIT IVE L Y T O HART E GOL D DE L IVE R ABL E S OVE R T HE NE XT SIX MONT HS

Suc c e ssful star

t- up, “painle ss” tr ansition to pr

  • duc e r

status

Gr

  • w ne ar

mine r e sour c e s thr

  • ugh

suc c e ssful e xplor ation

De monstr

ate the distr ic t sc ale pote ntial of the ove r all land pac kage POSIT IVE MARKE T T HE ME S

SHARE PRICE PE RF ORMANCE OF PE E RS SINCE JANUARY 2017

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SUGAR ZONE : T HE NE XT ONT ARI O GOL D MI NE

HART E GOL D IS JOINING A VE RY SMAL L L IST OF GOL D PRODUCE RS IN ONT ARIO, AN ARE A KNOWN F OR PROL IF IC GOL D MINE PRODUCT ION

  • T

immins We st Mine /

  • Young- Davidson Mine /
  • Be ll Cr

e e k Mine /

  • T

aylor Mine /

  • Rainy Rive r

Mine /

Ove r the last 8 ye ar s, o nly a small fr ac tio n o f go ld pr

  • je c ts in Ontar

io we r e suc c e ssfully advanc e d to c o mme r c ial pr

  • duc tio n. T

he Sugar Zo ne Mine will be the ne xt pr

  • duc ing go ld mine in the r

e gio n.

  • Sugar

Zone Mine 2010 2012 2014 2016 2018

Change s to Ontar io Mining Ac t in 2013

So urc e : OMA, pub lic c o mpa ny info rma tio n

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75th Pe r c e ntile 25th Pe r c e ntile

HI GH GRADE RE SOURCE

SUGAR ZONE IS ONE OF T HE HIGHGE ST GRADE , HIGHE ST RE T URN DE POSIT S IN DE VE L OPME NT

No te : Da ta se t inc lude s wo rldwide F S, PF S a nd PE A sta g e pro je c ts So urc e : SNL , pub lic c o mpa ny info rma tio n

0.1 1 10 100 1000

0.0 4.0 8.0 12.0 16.0

Me asur e d + Indic ate d Re sour c e Gr ade (g/ t Au) Pr

  • je c t IRR (% )

Sugar Zone Pr

  • je c t (as at time of PE

A, May 2018):

8.5 g /t I ndic ate d Re so urc e , 94th pe rc e ntile 42% Pro je c t I RR, 75th pe rc e ntile

SUGAR ZONE RE SOURCE E ST IMAT E

Ca te g ory T

  • nne s

Gra de (g / t) Conta ine d Au (oz) Indic a te d 2,607,000 8.5 714,200 Infe rre d 3,590,000 6.6 760,800

Compar ison of Pr

  • je c ts Unde r

De ve lopme nt Wor ldwide

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L E ADI NG GROWT H PROF I L E

HART E GOL D PROVIDE S SHARE HOL DE R S L E ADING E XPOSURE T O RE SOURCE AND PRODUCT ION GROWT H

* Se le c te d sing le a sse t pro duc e rs a nd < 200 Ko z pro duc e rs ** Ave ra g e re so urc e inc re a se divide d b y e xplo ra tio n b udg e t fo r tha t pe rio d So urc e : Ana lyst e stima te s, pub lic c o mpa ny info rma tio n

Re sour c e Gr

  • wth (2016 – 2018)

Pr

  • duc tion Gr
  • wth (2019E

– 2021E )

(100% ) (50% ) 0% 50% 100% 150% 200% 250% 300% 350% (50% ) 0% 50% 100% 150% 200% 250%

 Supe r

io r r e so ur c e and pr

  • duc tio n gr
  • wth

RE SOURCE AND PRODUCT ION GROWT H OF SE L E CT E D PRODUCE RS*

`

Gold pr

  • duc tion

inc r e asing to >100,000 oz/ yr by 2021 (PE A)

Re sour c e s tr iple d afte r 2017 dr illing (138,000 m at Sugar / Middle Zone s)

130,000 m dr illing c ur r e ntly unde r way at Sugar , Middle , Wolf an F

  • x zone s

Re sour c e update tar ge te d for e ar ly 2019

Only ~10%

  • f

the

  • ve r

all land pac kage has be e n e xplor e d!

Bub b le size illustrate s o unc e s de line ate d fo r e xplo ratio n do llars spe nt**

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SLIDE 10

TSX: HRT

10 400 800 1,200 1,600 Ca sh Ope ra ting Cost

ST RONG OPE RAT I NG MARGI NS

HART E GOL D IS PROT E CT E D T O GOL D PRICE VOL AT IL IT Y

L

  • w c ost ope r

ation, simple me tallur gy

T abular or e body, ste e ply dipping – ame nable to longhole stoping

Widths and mode lle d gr ade s c onfir me d thr

  • ugh Bulk Sample

and Phase I Pr

  • duc tion

Ne ar sur fac e – r amp ac c e ss, minimal distanc e to mill

Ope r ating c osts in CAD dollar s

Se ve r al oppor tunitie s unde r r e vie w to lowe r c osts fur the r !

ST ABL E E QUIT Y MARGINS AT CURRE NT GOL D PRICE S

Gold price: C$1,600/oz Operating Margin: C$705/oz

Operating Cost: C$634/oz Sustaining Cost: + C$261/oz

AISC: C$895/oz

Figures in CAD, based on PEA Estimates

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H2 2018 H1 2021 H2 2019 T

  • da y

PHASE D MI NE PL AN I NCRE ASI NG T O 1,400 T PD

PROVIDE S E ARL Y CASH F L OW AND L ONGE R T E RM GROWT H Phase 1: 540 tpd (2018 - 2019) Phase 2: 800 tpd (2020) Phase 3: 1,400 tpd (2021+)

  • L
  • w r

isk r amp- up to c omme r c ial pr

  • duc tion
  • E

xisting sur fac e and unde r gr

  • und mining infr

astr uc tur e is suffic ie nt to suppor t inc r e ase d thr

  • ughput
  • T

hr

  • ughput inc r

e ase d by adding se c ond ball mill and le ac h c ir c uit

  • E

xpansion to the Middle Zone allows for multiple stoping ar e as

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PRODUCT I ON PROF I L E T O +100,000 Oz/ Ye a r

SCAL ABL E MINE PL AN DE SIGNE D T O MAT CH UNDE RGROUND DE VE L OPME NT

20 40 60 80 100 120 140 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Pro d uc tio n (ko z Au) Pha se 1 & 2 (800 tpd ) Pha se 3 (1,400 tpd )

T hr

  • ughput and Gr

ade Pr

  • duc tion F
  • r

e c ast

0.0 2.5 5.0 7.5 10.0 150 300 450 600 2018 2020 2022 2024 2026 2028 Gra d e (g / t Au) T hro ug hput (ktpa ) Pha se 1 & 2 (800 tpd ) Pha se 3 (1,400 tpd ) Dilute d He a d Gra de

E xplo r atio n Po te ntial Re so ur c e Gr

  • wth
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OPPORT UNI T I E S T O E NHANCE VAL UE

 Improve he a d g ra de  Add re sourc e s to mine pla n  Optimize mine pla n

  • PE

A inc or por ate d dr illing up to De c . 2017

  • Inc r

e ase dr ill de nsity to impr

  • ve ove r

all gr ade

  • Infill dr

illing to date has r e tur ne d ve r y positive r e sults

  • +500,000 ounc e s c ur

r e ntly not fac tor e d into mine plan

  • Inc or

por ate r e sults fr

  • m Wolf Zone and F
  • otwall Zone
  • PE

A c ontr ac tor mining c osts we r e c onse r vative

  • Signific ant pote ntial to optimize mine plan

SIGNF ICANT DRIL L ING COMPL E T E D IN 2018 T O SUPPORT T HE F OL L OWING:

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OPPORT UNI T I E S T O E NHANCE VAL UE

ARE AS T ARGE T E D F OR NE AR MINE DRIL L ING “L OW HANGING F RUIT ”

Southeast Northwest

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Southeast Northwest 5 Kilometre Strike Length 2018 DRI L L PROGRAM

POSIT IVE DRIL L ING T O IMPROVE RE SOURCE GRADE AND ADD OUNCE S T O T HE MINE PL AN Wolf Zone Sugar Zone De posit Au gpt

100 3 10

10.47gpt Au/ 1.40m 1.59gpt Au/ 3.30m 3.83gpt Au/ 10.66m 6.15gpt Au/ 6.17m 0 m 250 m 1,000 m 500 m 750 m 12.89gpt Au/ 2.28m 18.65gpt Au/ 2.23m

Middle Zone F

  • x Zone

23.64 gpt Au/ 2.28m (UZ) 19.47 gpt Au/ 1.59m (UZ) 17.94 gpt Au/ 1.40m (UZ) 10.98 gpt Au/ 1.43m (F Z) 10.75 gpt Au/ 1.58m (F Z)

OPE N OPE N

49.96gpt Au/ 1.42m 14.79gpt Au/ 3.03m F W 6.42 gpt Au/ 4.23 m F W 5.41 gpt Au/ 7.66 m 11.27 gpt Au/ 5.81m 16.46 gpt Au/ 6.55m 21.16 gpt Au/ 4.78m 12.14 gpt Au/ 3.10m 17.49 gpt Au/ 4.70m 9.28gpt Au/ 1.59m 8.87gpt Au/ 1.87m

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E NHANCI NG PROJE CT VAL UE “ST AI RWAY”

SE VE RAL OPPORT UNT IIE S NOT CAPT URE D IN T HE PE A

$150 $300 $450 $600 $750

US$1,250/ oz Gold Pr ic e US$1,350/ oz Gold Pr ic e Impr

  • ve He ad

Gr ade Upgr ade Re sour c e s Mine Plan Optimization E xplor ation Upside

Pre -T ax NPV5% ($ Millions) Opportunitie s T

  • F

urthe r E nhanc e Value

Sug a r Zone NPV Pote ntia l

$344 $425

?

?

 he ad gr

ade : 7.0 – 8.0 g/ t

 mine able

r e sour c e by 534,000 ounc e s

 mining

dilution, lowe r mining c osts

PE A Pre -T ax NPV5%

? ? ?

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Inc re a se d ove ra ll la nd position to 83,850 he c ta re s 35 Km strike le ng th to be e xplore d Ne a r- mine ta rg e ts Sug a r, Middle , Wolf a nd F

  • x Zone s

Se ve ra l re g iona l e xplora tion ta rg e ts ide ntifie d

NE AR-MI NE AND PROPE RT Y-WI DE E XPL ORAT I ON `

Sugar Zone Middle Zone Wolf Zone EM Targets Eagle Zone Fox Zone Lynx Zone Highway Zone Fisher Zone

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CONST RUCT I ON AND PE RMI T T I NG UPDAT E

Constr uc tion Upda te

  • Constr

uc tion of the c r ushing spr e a d a nd mill c omple x is c omple te

  • Gr

id c onne c tion unde r wa y (e nd of Aug ust)

  • Unde r

g r

  • und de ve lopme nt ta r

g e ts e xc e e de d, c r itic a l infr a str uc tur e is c omple te Pe r mitting

  • F

ull ope r a tiona l pe r mits ta r g e te d for Se pte mbe r

  • IBA sig ne d with pr
  • xima l F

ir st Na tion Ba nd

  • Pe r

mit c ur r e ntly unde r a 30-da y public c omme nta r y pe r iod

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K E Y T AK E AWAYS

 Comme r

c ia l pr

  • duc tion: Q4 2018

 Pr

  • duc tion g r
  • wth: +100,000 ounc e s of a nnua l pr
  • duc tion by 2021

 Simple mine de sig n, we ll unde r

stood or e body. 100,000 tonne s mine d to-da te

 AISC US$708/ oz – fir

st qua r tile c a sh c ost pr

  • duc e r

 Oppor

tunitie s to g r

  • w va lue :

Impr

  • ve me nts to g r

a de with c ontinue d dr illing

130,000 me tr e s of dr illing for 2018 tha t is not c ur r e ntly fa c tor e d into Re sour c e s

Add ounc e s c ur r e ntly not fa c tor e d into the mine pla n

Optimize mine pla n, r e duc e dilution, lowe r mining c osts

 Upda te d r

e sour c e a nd mine pla n ta r g e te d for Q1 2019

 Pr

  • pe r

ty wide e xplor a tion unde r wa y – only 10% of the la nd pa c ka g e ha s be e n e xplor e d!

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SLIDE 20

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APPE NDIX

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SLIDE 21

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21

Ste phe n G. Roman

Cha irma n, Pre side nt & CE O; BA

35+ ye ars

  • Disc o ve re d Go ld E

a g le , so ld to Go ldc o rp ($1.5B)

  • Ve re na Mine ra ls / Be lo Sun

– Vo lta Gra nde , Bla c k F

  • x,

Ga b rie l Re so urc e s L imite d

  • PDAC “Bill De nnis Awa rd”

winne r, Pro spe c to r o f the Ye a r, 2016

E XPE RI E NCE D MANAGE ME NT T E AM

Roge r

  • J. E

mdin

Vic e Pre side nt, Ope ra tio ns; P.E ng .

30+ ye ars

  • Se nio r ma na g e me nt a nd
  • pe ra ting e xpe rie nc e
  • E

xpe rie nc e with la rg e

  • pe ra ting mine s inc luding

Gle nc o re ’ s Nic ke l Rim So uth Mine

  • Cha irma n CE

MI – Ce nte r fo r E xc e lle nc e in Mining Inno va tio n

Ge or ge F lac h

Inde pe nde nt Co nsulta nt; B.Sc . P.Ge o .

30+ ye ars

  • Disc o ve re d / de ve lo pe d

g o ld pro je c ts in We st Afric a

  • 20Mo z Go ld F

ie lds T a rkwa , 4Mo z Bo g o su a nd 2Mo z Be nso mine s in Gha na

  • 2Mo z Go ula g o u mine in

Burkino F a so

Re in L e har i

Chie f F ina nc ia l Offic e r; CPA, CA

30+ ye ars

  • Pre vio usly Pa rtne r,

Pric e wa te rho use Co o pe rs

  • Busine ss va lua tio n, M&A,

c o rpo ra te fina nc e

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E XPE RI E NCE D MANAGE ME NT T E AM (Co nt’ d)

Ste ve Ball

Ge ne ra l Ma na g e r, Sug a r Zo ne Mine ; P.E ng .

30+ ye ars

  • T

e c hnic a l, o pe ra tio ns, huma n re so urc e s, c o rpo ra te a ffa irs a nd pro je c t ma na g e me nt

  • F
  • rme rly Mine Ma na g e r

a t Va le ’ s na rro w ve in Co le ma n Mine a nd Vo ise y’ s Ba y

Shawn Howar th

Vic e Pre side nt, Co rpo ra te De ve lo pme nt; MBA, B.E ng .

15+ ye ars

  • E

xpe rie nc e in c o rpo ra te fina nc e , c o rpo ra te stra te g y a nd va lua tio ns

  • F
  • rme rly a n inve stme nt

b a nke r with Sta nda rd Cha rte re d Ba nk

T im Campbe ll

Vic e Pre side nt & Se c re ta ry; BA Ho ns.

20+ ye ars

  • Go ve rnme nt & Pe rmitting
  • F

irst Na tio ns & Co mmunity c o nsulta tio n

  • Co rpo ra te fina nc e
  • Re g ula to ry c o mplia nc e

Bob Kusins

Re so urc e Ge o lo g ist; P.Ge o .

35+ ye ars

  • Unde rg ro und mine

g e o lo g ist, g e o lo g ic a l da ta b a se ma na g e me nt, mo de lling a nd re so urc e e stima tio n

  • F
  • rme rly Chie f

unde rg ro und g e o lo g ist a t Ba rric k’ s He mlo Mine

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UNDE RGROUND MI NI NG ST ART E D I N 2017

  • 70,000 tonne bulk sample c omple te d in 2017, or

e shippe d to Bar r ic k’s He mlo Mill for pr

  • c e ssing
  • 30,000 tonne s of unde r

gr

  • und de ve lopme nt

c omple te d to suppor t c omme r c ial mining

  • Sugar

Zone Mine is c omme r c ial pr

  • duc tion r

e ady:

− Ge ology: Co ntinuity, wid ths a nd mo d e lle d

g ra d e s ha ve b e e n c o nfirme d

− Mining: L

  • ng -ho le mining , minima l d ilutio n

− Pr

  • c e ssing: Simple me ta llurg y, hig h re c o ve rie s

− Costs: Mining c o sts c o nfirme d

Mine De ve lopme nt

> 2,500 m

Ore Shippe d

67,454 DMT

Gra de

8.5 g / t

Re c onc ilia tion with Ba rric k

+ 5%

Dire c t Mining c ost

C$85 / t

BUL K SAMPL E HIGHL IGHT S (BARRICK’S HE ML O MIL L )

Vie wing stope a long str ike . Cle a n br e a k, minima l dilution

Ope ne d L

  • nghole Stope

Ste e ply dipping or e , 65- 70°

8 Me te r Width L

  • we r

Zone Or e F ac e

100,000 T ONNE S OF MAT E RIAL MINE D T O- DAT E , DE

  • RISKING T

O COMME RCIAL PRODUCT ION

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F UL L Y F UNDE D T O PRODUCT I ON

CL OSE D DE BT F INANCING PACKAGE WIT H SPROT T RE SOURCE L E NDING AND APPIAN CAPIT AL Spr

  • tt F

ac ility

  • Up to US$50 million unde r a se nior se c ur

e d c r e dit fac ility Appian Subor dinate d L

  • an
  • US$20 million loan, subor

dinate d to Spr

  • tt fac ility

Be ne fits

F

le xible pr inc ipal and inte r e st sc he dule suppor ts r amp- up of ope r ations

Suffic ie nt liquidity to pr

  • te c t against unfor

e se e n downtur n in c ommodity pr ic e s

No e quity c ommitme nt No he dging, no c ashflow swe e ps and no de bt se r

vic e r e se r ve ac c ount

No off- take or r

  • yalty

No c ommitme nt to dr

aw full US$70 million

slide-25
SLIDE 25

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25

PE A SUMMARY

Input Unit Value

Go ld Pric e US$/o z $1,250 E xc ha ng e Ra te CAD:USD 0.80 Ave ra g e Annua l T hro ug hput (2019+) tpa 403,000 Ave ra g e Da ily T hro ug hput (2019+) T pd 1,100 T

  • ta l Pro c e sse d

T

  • nne s

4,539,800 Dilute d He a d Gra d e g /t 6.5 Go ld Re c o ve ry % 95.4% Mine L ife Ye ars 12 T

  • ta l Ounc e s Re c o ve re d

Ounc e s 904,000 Ave ra g e Annua l Pro d uc tio n (Pha se I & II ) Ounc e s 54,500 Ave ra g e Annua l Pro d uc tio n (Pha se II I ) Ounc e s 106,900 Ave ra g e Annua l Pro d uc tio n (L OM) Ounc e s 80,700 Pe a k Annua l Pro d uc tio n (2024) Ounc e s 121,400 Mining Co sts C$/to nne $90.83 Pro c e ssing Co sts C$/to nne $28.71 Site G&A C$/to nne $8.46 T

  • ta l Co sts

C$/to nne $128.01 L OM Ave ra g e Co st* US$/o z $507 L OM AISC* US$/o z $708

Macro and Physical Parameters Cost Parameters Cash Cost Summary

* Co nve rte d fro m CAD to USD a t 0.8000

slide-26
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26

NPV AND I RR SUMMARY

Unit Gold Pr ic e Se nsitivitie s US$1,150/ oz PE A Pr ic ing US$1,350/ oz

Mac r

  • Par

ame te r s Gold Pr ic e

US$/o z

$1,150 $1,250 $1,350 E xc hange Rate

CAD:USD

0.80 0.80 0.80 Pr e - T ax NPV and IRR NPV @ 5%

M C$

$263 $344 $425 IRR

%

40% 50% 60% Post- T ax NPV and IRR NPV @ 5%

M C$

$189 $244 $299 IRR

%

34% 42% 50%

slide-27
SLIDE 27

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27

F I RST QUART I L E CASH COST PRODUCE R

HART E GOL D’S AL L IN SUST AINING CASH COST S ARE IN T HE T OP QUART IL E OF PRODUCE RS

So urc e : SNLMa rke t Inte llig e nc e , 2017 g o ld pro duc tio n ra nke d a ll in susta ining c o sts * Pro je c te d po sitio ning b a se d o n L OM a ll in susta ining c o sts re la tive to c urre nt pro duc e rs

Cumulative Pr

  • duc tion

25% 50% 75%

100%

$500

AISC (US$/ oz)

$2,500 $3,000 $1,000 $1,500 $2,000 0%

Sugar Zone , Harte Gold*

AISC of US$708 / oz ove r mine life

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SLIDE 28

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28

G O L D C O R P