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www.hartegold.com TSX: HRT FRANKFURT: H4O OTC: HRTFF
Corporate Presentation April 2019 1 FORWARD LOOKING STATEMENTS - - PowerPoint PPT Presentation
www.hartegold.com TSX: HRT FRANKFURT: H4O OTC: HRTFF Corporate Presentation April 2019 1 FORWARD LOOKING STATEMENTS This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information
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www.hartegold.com TSX: HRT FRANKFURT: H4O OTC: HRTFF
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All figures in CAD, unless otherwise noted All tonnages in metric, unless otherwise noted 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" or "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
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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* As at Q4 2018, source: Bloomberg
Head Office
(Toronto)
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Highest Peer Peer Average
Harte Gold
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Resource Update: Tripled Resource US$70 million comprehensive debt financing announced Production Permits Received Sugar, Middle and Wolf zones converging at depth Declared Commercial Production IBA signed with Pic Mobert FN First Gold Pour Footwall Zone discovery at the Middle Zone
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Indicated Inferred M tonnes Grade (g/t) Contained Au (oz) M tonnes Grade (g/t) Contained Au (oz)
4.2 8.12 1,108,000 2.9 5.88 558,000 2.6 8.52 714,200 3.6 6.59 760,800 2018 February 2019
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Commodity Price and FX Gold Price US$/oz 1,300 CAD:USD CDN:US 0.77 Mine Plan Summary Mine Life Years 14 Resource Mined Kt 3,879 Diluted Grade g/t Au 7.1 Processing Rate tpd 800 Recovered Gold Overall Recovery % 95.5% Gold Recovered (Life of Mine) Koz 849 Annual Production Koz/yr 61 LOM Operating Cost Cash Operating Cost US$/oz 643 AISC Cost US$/oz 845 Net Free Cash Flow Annual C$ million $30.9 LOM Cumulative C$ million $374.8 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 10 20 30 40 50 60 70 80 90 Head Grade (g/t) Recovered Gold (Koz) Recovered Gold Head Grade
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20 40 60 80 100 120 2019 2020 2021 2022 2023 2024 2025 2026 2027 Feasibility Study Production (koz Au)
“Base Case” Annual: 61,000 oz/yr
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✓ Convergence at depth – continue to prove our understanding of the deposit
✓ Focused drilling – target highest value areas! ✓ Downhole IP – proven to be a valuable tool for generating targets
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samples from Sugar and Middle
detected in soil samples
Middle Zone, similar setting
base metals
altered mafic volcanics
hosts the Sugar and Middle Zones
highly resistive airborne anomalies
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Chairman, President & CEO; BA 35+ years ▪ Discovered Gold Eagle, sold to Goldcorp ($1.5B) ▪ Verena Minerals / Belo Sun – Volta Grande, Black Fox, Gabriel Resources Limited ▪ PDAC “Bill Dennis Award” winner, Prospector of the Year, 2016
Vice President, Operations; P.Eng. 30+ years ▪ Senior management and
▪ Experience with large
Glencore’s Nickel Rim South Mine ▪ Chairman CEMI – Center for Excellence in Mining Innovation
Independent Consultant; B.Sc. P.Geo. 30+ years ▪ Discovered / developed gold projects in West Africa ▪ 20Moz Gold Fields Tarkwa, 4Moz Bogosu and 2Moz Benso mines in Ghana ▪ 2Moz Goulagou mine in Burkino Faso
Chief Financial Officer; CPA, CA 30+ years ▪ Previously Partner, PricewaterhouseCoopers ▪ Business valuation, M&A, corporate finance
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Vice President, Corporate Development; MBA, B.Eng. 15+ years ▪ Experience in corporate finance, corporate strategy and valuations ▪ Formerly an investment banker with Standard Chartered Bank
Executive Vice President & Secretary; BA Hons. 25 years ▪ Government & Permitting ▪ First Nations & Community consultation ▪ Corporate finance ▪ Regulatory compliance
Resource Geologist; P.Geo. 35+ years ▪ Underground mine geologist, geological database management, modelling and resource estimation ▪ Formerly Chief underground geologist at Barrick’s Hemlo Mine
General Manager, Sugar Zone Mine; P.Eng. 35+ years ▪ Experience in high grade underground mining environments ▪ Formerly General Manager of the Seabee Mine in Saskatchewan