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G O L D C O R P High Gr ade Gold Mine De ve lopme nt and Distr - - PowerPoint PPT Presentation

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G O L D C O R P High Gr ade Gold Mine De ve lopme nt and Distr ic t Sc ale E xplor ation Corpora te Pre se nta tion F e brua ry 2018 T SX: HRT / F r ankfur t: H4O OT C: HRT F F F ORWARD L OOK I NG ST AT E ME NT S

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SLIDE 1

Corpora te Pre se nta tion F e brua ry 2018

T SX: HRT / F r ankfur t: H4O OT C: HRT F F

G O L D C O R P

High Gr ade Gold Mine De ve lopme nt and Distr ic t Sc ale E xplor ation

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SLIDE 2

TSX: HRT

2

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

  • T

his pre se nta tio n ha s b e e n pre pa re d b y the Co mpa ny a nd inc lude s info rma tio n fro m so urc e s b e lie ve d b y ma na g e me nt to b e re lia ble . No re pre se nta tio n o r wa rra nty, e xpre sse d o r implie d , is ma d e a s to the a c c ura c y o f the info rma tio n se t fo rth he re in. T he info rma tio n c o nta ine d he re in is a s o f the d a te he re o f a nd is sub je c t to c ha ng e , c o mple tio n o r a me nd me nt witho ut no tic e .

  • T

his pre se nta tio n c o nta ins fo rwa rd lo o king sta te me nts, e stima te s, a nd pro je c tio ns with re spe c t to the a ntic ipa te d future pe rfo rma nc e o f the c o mpa ny tha t ma y b e d e e me d to b e “fo rwa rd -lo o king sta te me nts.” T he se sta te me nts, e stima te s, a nd pro je c tio ns re fle c t va rio us a ssumptio ns ma d e b y the c o mpa ny c o nc e rning a ntic ipa te d re sults, whic h ma y o r ma y no t pro ve to b e c o rre c t. All sta te me nts c o nta ine d in the p re se nta tio n tha t a d d re ss o pe ra ting pe rfo rma nc e , future d ire c tio n, ma na g e me nt a nd c o ntro l o f the c o mpa ny, e ve nts o r d e ve lo pme nts tha t a re e xpe c te d to o c c ur in the future (inc luding sta te me nts re la te d to e a rning s, e xpe c ta tio ns, sale s o f a sse ts, c a pita l e xpe nd iture s, o r sta te me nts e xpre ssing g e ne ra l o ptimism a b o ut future o pe ra ting re sults) a re fo rwa rd lo o king sta te me nts. Ac tua l re sults c o uld d iffe r ma te ria lly fro m tho se re fle c te d in the fo rwa rd lo o king sta te me nts c o nta ine d he re in a s a re sult o f a va rie ty

  • f fa c to rs, ma ny o f whic h a re b e yo nd the Co mpa ny’ s c o ntro l.
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SLIDE 3

TSX: HRT

3

HI GH GRADE GOL D MI NE DE VE L OPME NT , PROL I F I C MI NI NG RE GI ON

TSX: HRT

  • T

he Sug a r Zone pr

  • je c t is one of the wor

ld’s hig he st g r a de g old de posits c ur r e ntly unde r c onstr uc tion

  • C$69M spe nt on mill, infr

a str uc tur e a nd mine de ve lopme nt in 2017

  • Mine de ve lopme nt unde r

wa y – r a mp a nd le ve l de ve lopme nt to five le ve ls is now c omple te

  • Pr
  • c e ss pla nt c onstr

uc tion we ll unde r wa y

  • R

e sour c e tr iple d a t the Sug a r a nd Middle Zone s – 714.2 Koz @ 8.5 g / t (Indic a te d) a nd 760.8 Koz @ 6.6 g / t (Infe r r e d)

  • E

xpe c te d to be pr

  • duc ing a t fir

st qua r tile c a sh c osts by 2018 ye a r

  • e nd
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SLIDE 4

TSX: HRT

4

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$263 millio n (C$0.47 Ja n 25th)

Cash Position1:

C$35 millio n

19.9%

Shar e s Outstanding:

566 millio n (Ba sic ) 621 millio n (F ully Dilute d)

Symbol:

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

He a d Offic e (T

  • r
  • nto)

2.4% 0.9%

No te s; 1) So urc e : Blo o mb e rg , pub lic c o mpa ny filing s, a s a t Ja nua ry 1, 2018

0.6% 7.2%

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SLIDE 5

TSX: HRT

5

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

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

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

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SLIDE 6

TSX: HRT

6

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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SLIDE 7

TSX: HRT

7

SUGAR ZONE SURROUNDE D BY PRODUCING ASSE T S GE OGRAPHIC L OCAT ION

ON A SIGNIF ICANT GRE E NST ONE BE L T , HIST ORICAL L Y PROL IF IC GOL D MINING RE GION

DI ST RI CT SCAL E POT E NT I AL

Compa ny Asse t Sta tus

  • Approx. Dista nc e

to Ha rte (Km)

Ba rric k He mlo Ope ra ting 60 Ala mo s Isla nd Go ld Ope ra ting 80 We sdo me E a g le Rive r Ope ra ting 80 We sdo me Mishi Ope ra ting 80 Go ldc o rp Bo rde n Go ld E xplo ra tio n 100 Arg o na ut Ma g ino E xplo ra tio n 80

So urc e : Ca nto r F itzg e ra ld

Magino (5.1 Moz)

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SLIDE 8

TSX: HRT

8

T OP QUART I L E GRADE

0.00 2.00 4.00 6.00 8.00 10.00 12.00

Da lra dia n Pure Go ld L io n One Ha rte Go ld Co ntine nta l L undin Go ld I DM Ga lwa y K92 Osisko (Windfa ll) Ma ritime Go ld e n Re ig n Go we st Go ld Rub ic o n Sa b ina Sa to ri Auryn Ro c kha ve n I NV Me ta ls Co ndo r Go ld E a stma in Ca lib re Mining Alg o ld Go ld q ue st Pro b e Ba rke rville Ma ra tho n T re a sury No va Go ld Sa ra ma Orc a Go ld Re d Pine Nig htha wk Ama rilo Ca lifo rnia Mida s Atla ntic F a lc o F irst Mining Co lumb us We st Afric a n Gra na d a Go ld Aurvista Me a do w Ba y Ske e na Re so urc e s Ga b rie l Be lo Sun T imb e rline L up a ka Pine c re st Sa ndspring E uro sun Asc o t L ydia n F re e g o ld E xe te r Ore zo ne Vic to ria I T H Ne wCa stle Go ld Sta nda rd L umina Alma de n Otis T riMe ta ls Ata c a ma Che sa pe a ke We st K irkla nd T e ra s Pilo t Co rvus E uro ma x

Gra de (g / t)

QUART IL E 1 QUART IL E 2 QUART IL E 3 QUART IL E 4

So urc e : Ana lyst e stima te s, pub lic c o mpa ny info rma tio n, a s a t De c e mb e r 2018

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SLIDE 9

TSX: HRT

9

HART E GOL D – I NVE ST ME NT HI GHL I GHT S

“T HRE E L E GS ON T HE ST OOL ”

* Pre limina ry ma na g e me nt mine pla n e stima te

Comme rc ia l Produc tion in 2018

  • Unde rground workings de ve lope d

to support Phase I Comme rc ial Produc tion

  • T

arge t mill c omple tion: H1 2018

  • Comme rc ial Produc tion of 540 tpd*:

H2 2018

  • Mine ralization de fine d to be low

1,000 me te rs

  • Ope n to the North, South and

down dip

  • Pote ntial c onve rge nc e of Sugar

and Middle Zone s at de pth

Ne a r Mine Re sourc e Growth

Distric t Sc a le E xplora tion Pote ntia l

  • Se ve ral targe ts on strike and We st of

L ake Dayohe ssarah to follow up on

  • E

M anomalie s disc ove re d in 2017 – signific ant VMS pote ntial

  • De fine d 80,000 me te r drill program

planne d for 2018

MIDDL E ZONE WOL F ZONE

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SLIDE 10

TSX: HRT

10

RE CAP – L AST 12 MONT HS

R a ise d $45 million in tota l inve stme nt fr

  • m Appia n

R a ise d US$15 million inve stme nt fr

  • m Or

ion

Adde d thr e e ne w sig nific a nt institutiona l inve stor s

Ana lyst c ove r a ge fr

  • m thr

e e inve stme nt ba nks

138,000 me te r s dr ille d, 8 dr ill r ig s a c tive

100,000 tonne s mine d

Pr

  • pe r

ty wide e xplor a tion – VT E M a nd HT E M

L a nd position inc r e a se d >100% to 80,000 Ha

Re sour c e De ve lopme nt Capital Mar ke ts Constr uc tion

Pha se I Comme r c ia l Pe r mit issue d

Mine de ve lopme nt – unde r g r

  • und wor

king s c omple te d on five le ve ls

Sta r te d sur fa c e c onstr uc tion

R e c ipie nt of NWOPA “De ve lope r

  • f the Ye a r

” Awa r d

2017 WAS A VE RY POSIT IVE YE AR F OR T HE DE VE L OPME NT OF HART E GOL D

1,500 3,000 4,500 $0.00 $0.30 $0.60 $0.90 Ja n-17 Apr

  • 17

Jul- 17 Oc t-17 Ja n-18

Shar e Pr ic e Pe r for manc e

HRT Sha r e Pr ic e (C$) Sha r e s T r a de d (000s)

Re lative Shar e Pr ic e Pe r for manc e (Januar y 2018)

64% 20% 5%

  • 3%

Ha r te Gold De ve lopme nt Pe e r s T SX JDXJ

1

1) Se le c te d T SX-liste d hig h g ra de unde rg ro und de ve lo pe rs

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SLIDE 11

TSX: HRT

11

VAL UE PROPOSI T I ON

Re sourc e Update , Q1 2018

  • Upda te d re so urc e inc luding b o th the Sug a r a nd

Middle Zo ne s

  • Upda te d mine pla n a nd pro je c t e c o no mic s

Harte Gold T

  • day
  • Re so urc e (2012) – Uppe r Sug a r Zo ne
  • Bulk Sa mple c o mple te d
  • Mill c o nstruc tio n unde rwa y
  • 0.53x P/ NAV(Ana lyst)

F inal T e c hnic al Re port, Q2 2018

  • Upda te d PE

A will inc lude ne w re so urc e mo de l a nd mine pla n

Comme rc ial Produc tion H2 2018

  • Co mmissio ning : Q3 2018
  • Initia l pro duc tio n ta rg e t:

540 tpd

Harte Gold 2018 Ye ar E nd

  • E

me rg ing pro duc e r va luatio n: 0.8x to 1.0x P/ NAV (pe e rs)

  • Sig nific ant re so urc e g ro wth a t

Sug a r a nd Middle Zo ne s

  • Explor

ation upside pote ntial fr

  • m ne w zone s / disc ove r

ie s

SE VE RAL NE AR- T E RM VAL UE CAT AL YST S F OR INVE ST ORS T ODAY

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SLIDE 12

TSX: HRT

12

COMME RCI AL PRODUCT I ON I N 2018

OPE NE D L ONGHOL E ST OPE L OWE R ZONE ORE BODY

  • 70,000 tonne bulk sa mple c omple te d, de - risks move to

c omme rc ia l produc tion

  • 30,000 tonne s of unde rg round de ve lopme nt a lso c omple te d
  • Sug a r Zone Mine is c omme rc ia l produc tion re a dy:

−

Ge olog y: Drilling in 2017 c o nfirme d c o ntinuity, mine ra lize d

widths a nd mo de lle d g ra de s −

Mining : L

  • ng -ho le mining , minima l dilutio n

−

Proc e ssing : Simple me ta llurg y a nd hig h re c o ve rie s

−

Costs: Mining c o sts c o nfirme d, c a pita l ite ms c o ntra c te d

a nd / o r pa id −

Site : Unde rg ro und a nd site infra struc ture , 20km a ll we a the r

a c c e ss ro a 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

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SLIDE 13

TSX: HRT

13

BUL K SAMPL E AND PHASE I PRODUCT I ON ARE AS

F re sh Air Ra ise

NW SE

~ 1,000 Me te r s

Adva nc e d E xplora tion Bulk Sa mple Pha se I Comme rc ia l Produc tion

150 Me te r s

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SLIDE 14

TSX: HRT

14

MI L L DE SI GN AND CONST RUCT I ON

CRUSHE R AND MIL L DE SIGN CIVIL E ART HWORKS COMPL E T E D CONCRE T E POURE D MIL L ST RUCT URE E RE CT E D

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SLIDE 15

TSX: HRT

15

F UT URE SI T E L AYOUT : SMAL L F OOT PRI NT (<35 Ha )

Sc a le : 500 m Tailings Pond

ADMIN OF F ICE S & CORE SHE D MIL L F OOT PRINT

Coarse Ore Crushing / Conveyance

MINING PORT AL

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SLIDE 16

TSX: HRT

16

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

35 Km strike le ng th to be e xplore d 80,000 he c ta re la nd pa c ka g e Ne a r- mine ta rg e ts Sug a r, Middle a nd Wolf Zone s Se ve ra l re g iona l e xplora tion ta rg e ts ide ntifie d

K7

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SLIDE 17

TSX: HRT

17

NE AR MI NE MI NE RAL I ZAT I ON

2017 DRIL L PROGRAM SIGNIF ICANT L Y E XPANDE D KNOWN MINE RAL IZAT ION

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SLIDE 18

TSX: HRT

18

NE AR MI NE E XPL ORAT I ON OPPORT UNI T I E S

T ARGE T MINE RAL IZAT ION AT DE PT H, CONVE RGE NCE OF SUGAR AND MIDDL E ZONE S Sug a r Zone

0 m 500 m 1,000 m 1,500 m

North E xte nsion South E xte nsion De e p E xplora tion

2017 Re sour c e Mine r alization Cur r e nt Infr astr uc tur e Inte r pr e te d Gabbr

  • Intr

usion 2018 Ne ar Mine Dr illing Gabbr

  • Intr

usion

Sugar Zone mine r alization

  • pe n to the Nor

th, South and down dip Pote ntial c onve r ge nc e of Sugar and Middle Zone s Signific ant dr ill pr

  • gr

am planne d for 2018 will te st the se ar e as

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SLIDE 19

TSX: HRT

19

PROPE RT Y WI DE E XPL ORAT I ON

SE VE RAL ZONE S SHOWING HIGH POT E NT IAL F OR SIGNIF ICANT MINE RAL IZAT ION

  • L

ynx Zone

► On strike , c ha ra c te ristic s simila r to Sug a r a nd

Mid d le zo ne s

  • Moose Zone

► Ho st ro c k simila r to Ba rric k’ s He mlo mine

  • K7 Zone

► Ne w zo ne d isc o ve re d , a no ma lo us g o ld

inte rse c te d 200 me te rs b e lo w surfa c e

  • E

agle Zone

► Pro pe rty wid e 2017 g e o physic s id e ntifie d stro ng

e le c tro ma g ne tic a no ma ly with VMS po te ntia l

  • Mar

te n Zone

► IP a no ma ly fe a turs ho st ro c k simila r to Ba rric k’ s

He mlo mine

  • F

ishe r Zone

► Initia l d rill pro g ra m inte rse c te d 40 me te rs o f

a no ma lo us g o ld o n strike with the Sug a r Zo ne

Sc ale 5 10 Kilometers

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SLIDE 20

TSX: HRT

T I ME L I NE

20

Commissioning & Comme r c ial Pr

  • duc tion

De finition and E xplor ation Dr ill Pr

  • gr

ams Pe r mitting Pe r mitting Comple te

H1 2018 H2 2018 2019 2019 H1 2018 H2 2018

F inal T e c hnic al Re por t Constr uc tion IBA Update d Re sour c e E stimate

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SLIDE 21

TSX: HRT

G O L D C O R P