G O L D C O R P High Grade Gold Mine Development and District - - PowerPoint PPT Presentation

Corporate Presentation September 2017

TSX: HRT / Frankfurt: H4O OTC: HRTFF

G O L D C O R P

High Grade Gold Mine Development and District Scale Exploration

TSX: HRT

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FORWARD LOOKING STATEMENTS

• This presentation has been prepared by the Company and includes information from sources believed by

management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the information set forth herein. The information contained herein is as of the date hereof and is subject to change, completion or amendment without notice.

• This presentation contains forward looking statements, estimates, and projections with respect to the anticipated

future performance of the company that may be deemed to be “forward-looking statements.” These statements, estimates, and projections reflect various assumptions made by the company concerning anticipated results, which may or may not prove to be correct. All statements contained in the presentation that address operating performance, future direction, management and control of the company, events or developments that are expected to occur in the future (including statements related to earnings, expectations, sales of assets, capital expenditures, or statements expressing general optimism about future operating results) are forward looking statements. Actual results could differ materially from those reflected in the forward looking statements contained herein as a result of a variety

• f factors, many of which are beyond the Company’s control.

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COMPANY SNAPSHOT

CORPORATE STRUCTURE INSTITUTIONAL SUPPORT Analyst Following: Major Shareholder: Headquartered: Toronto, Ontario, Canada Market Cap: C$308 million (C$0.62 Sep 20th) Cash Position: C$35 million (19%) Shares Outstanding: 497 million (Basic) 553 million (Fully Diluted) Symbol: HRT:TSX H4O:FRANKFURT OTC: HRTFF

Head Office (Toronto)

52-Week Share Price: Share Price (C$) Volume (Millions)

0.0 1.5 3.0 4.5 $0.00 $0.30 $0.60 $0.90 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

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Stephen G. Roman

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

George Flach

Vice President Exploration; 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

Rein Lehari

Chief Financial Officer; CPA, CA 30+ years

• Previously Partner,

PricewaterhouseCoopers

• Business valuation, M&A,

corporate finance

EXPERIENCED MANAGEMENT TEAM

Roger J. Emdin

Vice President, Projects; P.Eng. 30+ years

• Senior management and
• perating experience
• Experience with large
• perating mines including

Glencore’s Nickel Rim Mine

• Chairman CEMI – Center

for Excellence in Mining Innovation

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EXPERIENCED MANAGEMENT TEAM (Cont’d)

Steve Ball

General Manager, Sugar Zone Mine; P.Eng. 30+ years

• Technical, operations,

human resources, corporate affairs and project management

• Formerly Mine Manager

at Vale’s narrow vein Coleman Mine and Voisey’s Bay

Shawn Howarth

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

Tim Campbell

Vice President & Secretary; BA Hons. 20+ years

• Government relations,

community consultation

• First Nations, permitting
• Corporate finance, go-

public transactions

• Regulatory compliance

Bob Kusins

Resource Geologist; P.Geo. 35+ years

• Experience as an

underground mine geologist, geological database management, geological modelling and resource estimation

• Previously Chief

underground geologist at Barrick’s Hemlo Mine

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SUGAR ZONE SURROUNDED BY PRODUCING ASSETS GEOGRAPHIC LOCATION

ON A SIGNIFICANT GREENSTONE BELT, HISTORICALLY PROLIFIC GOLD MINING REGION

Source: Cantor Fitzgerald * Alamos Gold announced a proposed acquisition of Richmont Mines (Sep 11th, 2017)

DISTRICT SCALE POTENTIAL

Company Asset Status

• Approx. Distance

to Harte (Km)

Barrick Hemlo Operating 60 Richmont* Island Gold Operating 80 Wesdome Eagle River Operating 80 Wesdome Mishi Operating 80 Goldcorp Borden Gold Exploration 100

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COMPANY STRATEGY

“THREE LEGS ON THE STOOL”

Mine Development and Commercial Production Immediate Resource Expansion Through Near Mine Exploration Regional Exploration on District Scale Land Package

Target Production: Q2 2018 Phase 1 Target Production*: 540 tpd Construction Begins: July 2017 Strike Length: 3 Km Resource Target: ~3 million oz Update NI 43-101: Q1 2018 Property Size: 80,000 Ha Exploration Budget: $15 million Additional Near-mine Targets

1 2 3

MINING PORTAL SITE OVERVIEW NEAR-MINE TARGETS

MIDDLE ZONE WOLF ZONE

* Preliminary management mine plan estimates

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8 TOP QUARTILE GRADE AMONG DEVELOPMENT-STAGE PROJECTS

VALUE PROPOSITION

0.00 2.00 4.00 6.00 8.00 10.00 12.00

Dalradian Pure Gold Lion One Harte Gold Continental Lundin Gold IDM Galway K92 Osisko (Windfall) Maritime Golden Reign Gowest Gold Rubicon Sabina Satori Auryn Rockhaven INV Metals Condor Gold Eastmain Calibre Mining Algold Goldquest Probe Barkerville Marathon Treasury NovaGold Sarama Orca Gold Red Pine Nighthawk Amarilo California Midas Atlantic Falco First Mining Columbus West African Granada Gold Aurvista Meadow Bay Skeena Resources Gabriel Belo Sun Timberline Lupaka Pinecrest Sandspring Eurosun Ascot Lydian Freegold Exeter Orezone Victoria ITH NewCastle Gold Standard Lumina Almaden Otis TriMetals Atacama Chesapeake West Kirkland Teras Pilot Corvus Euromax

Grade (g/t)

QUARTILE 1 QUARTILE 2 QUARTILE 3 QUARTILE 4

Source: Analyst estimates, public company information

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9 COMPARISON TO RICHMONT MINES

VALUE PROPOSITION

Harte Gold

(Sugar Zone - Analyst Targets) (Island Gold)

Resource (M oz) 0.6 (Sugar Zone) Target: 2 to 3 1.8 Grade (g/t) +9.0 9.4

Throughput (tpd)

540 (Phase 1) 900

Production (000 oz)

50+ (2018) 90

AISC (US$/oz)

$700 $725 - $765

Land Package (Ha)

80,000 7,900

Exploration Targets

Near-mine: Middle & Wolf Property-wide: 5+ Below 1,000 m

Market Cap (M C$)

$308 $933 (Acquisition)

Analyst NAV (M C$)

$566 $717

Implied P / NAV

0.6x 1.3x

Resource Comparison Production Comparison Exploration Potential Valuation Comparison

• On September 11th, Alamos Gold

(AGI) announced the acquisition of Richmont Mines (RCI) for $933 million based on previous close

• Harte Gold’s Sugar Zone project

compares well to RCI’s Island Gold Mine

• Sugar Zone has the added benefit
• f significant exploration potential
• Compelling value opportunity for

new investors seeking the next near- term producer within the region

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SUMMARY OF ACHIEVEMENTS IN 2016 / 2017

 Strategic / financial partner: Appian Capital Advisory LLP  Raised over $50 million in total capital for development of the Sugar Zone project  Coverage initiated from three institutions

Capital Markets Commercial / Corporate Achievements

 109 employees and contractors currently working at the Harte Gold site  Commercial production permits, supporting Phase 1 production  Recipient of the NWOPA “Developer of the Year” award

Resource Development

 $15 million, +85,000 meter drill program with 8 rigs currently active  70,000 tonne bulk sample program completed with Barrick’s Hemlo Mine  Property-wide airborne geophysical program completed  Expanded land position by over 100%, covering 80,000 hectares

THE LAST 12 MONTHS HAVE BEEN HIGHLY PRODUCTIVE

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RELATIVE PERFORMANCE

HARTE GOLD HAS OUTPERFORMED INDICES AND PEERS

• 50%

0% 50% 100% 150% 200% 250% Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17

110% 7%

Dev’t Peers1

• 5%

TSX

41%

GDXJ

Notes: 1) Includes selected TSX-listed, high grade, development-stage gold companies with assets in the Americas

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GROWING INSTITUTIONAL FOLLOWING

CONSENSUS TARGET PRICE: ~50% PREMIUM TO CURRENT MARKET PRICE

INSTITUTION ANALYST QUOTE

Pierre Vaillancourt Mike Kozak

RECOMMENDATION / TARGET PRICE

Buy C$1.00 / share Buy C$1.10 / share

Resource Potential “In our view, HRT is “pricing in” a resource estimate of ~2 MMoz, which we believe is a very conservative “base case”. As all three zones continue to expand… we believe the share price will reach much higher levels”. Project Economics “Based on our expectations for the upcoming technical report and mine plan, as well as our long-term outlook for the Sugar Zone deposit, the project has strong economics”.

INITIATED COVERAGE

April 2017 August 2016 Michael Gray Outperform C$0.90 / share

Exploration Upside “We think key geological features related to high grade indicate the potential for expansion

• f existing deposits and point to the discovery
• f multiple deposits”.

May 2017

ANALYST RESOURCE ESTIMATE

1 M oz 3 M oz 1.1 M oz (DCF) 5 M oz (Potential)

Consensus:

C$1.00 / share 3 M oz

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70,000 TONNE BULK SAMPLE COMPLETED, POSITIVE RESULTS DE-RISK MOVE TO COMMERCIAL PRODUCTION 13

BULK SAMPLE HIGHLIGHTS

MINING - BULK SAMPLE COMPLETED

Mine Development > 2,500 m Ore Shipped 67,454 DMT Grade 8.5 g/t Reconciliation with Barrick + 5% Direct Mining cost C$85 / t

As at March 31, 2017

OPENED LONGHOLE STOPE LOWER ZONE OREBODY

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COMMERCIAL PRODUCTION READY

BULK SAMPLE MINING RESULTS  Geology: Confirmed continuity, mineralized widths and modelled grades  Mining: Long-hole mining, minimal dilution  Processing: Simple metallurgy and high recoveries  Costs: Contractor mining costs confirmed  Site: Underground and site infrastructure, 20km all weather access road PERMITTING AND FIRST NATIONS ENGAGEMENT  Phase 1 Commercial Permit Issued: January 2017  Strong working relationship between Harte Gold and proximal First Nations Band, IBA expect signing in H2 2017

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FUTURE SITE LAYOUT: SMALL FOOTPRINT!

Scale: 500 m

Tailings Pond

ADMIN OFFICES & CORE SHED PROCESSING PLANT

Coarse Ore Crushing / Conveyance

MINING PORTAL

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BULK SAMPLE AND PHASE 1 PRODUCTION AREAS

Fresh Air Raise 95 Level 155 Level 315 Level

NW SE

375 Level

Bulk Sample Phase I Production

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LONGITUDINAL SECTION VIEW

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EXPLORATION – ACHIEVEMENTS

WELL DRILLED, OPEN ON STRIKE AND AT DEPTH

• Sugar Zone

► Open along strike and down dip ► Higher grade than originally expected

• Middle Zone

► 500 meters north of the Sugar Zone and beginning

200 meters below surface

► Expanded to 400 meters on strike and 800 meters

down dip

► Recent drilling indicates wider and higher grade

intersections at depth and potential convergence with Sugar Zone

• Wolf Zone

► Mineralization defined to a depth of 150 meters,

similar characteristics to the Sugar Zone

► Discovery hole 9.5 g/t Au over 7.5 meters, with high-

grade core of 22.9 g/t Au over 3 meters

Deposit Hole Width Grade

Sugar Zone SZ-17-138 3.0 m 65.4 g/t Sugar Zone SZ-17-143 3.2 m 66.8 g/t Sugar Zone SZ-17-133 1.75 m 41.7 g/t Sugar Zone SZ-17-134 1.80 m 33.6 g/t Sugar Zone SZ-17-162 Sugar Zone SZ-17-165 2.24 m 35.5 g/t Middle Zone WZ-16-45 3.80 m 17.6 g/t Middle Zone WZ-16-49 1.93 m 38.6 g/t Middle Zone WZ-16-52 3.45 m 38.5 g/t Middle Zone WZ-16-69 4.02 m 8.3 g/t Middle Zone WZ-16-75W Middle Zone WZ-16- 75W2 SAMPLE DRILL RESULTS (JUNE 2017)

2.05 m 115.5 g/t 7.56 m

8.0 g/t

9.57 m

6.5 g/t

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AIRBORNE MAGNETICS AND ZONES

DISCOVERY OF FOUR NEW ZONES

• Lynx Zone

► On strike, characteristics similar to current mineralized

zones

► High grades recovered from grab sampling ► IP survey completed, drill program underway

• Moose Zone

► Host rock similar to Barrick’s Hemlo Mine

• Marten Zone

► Also similar to the Hemlo Mine mineralization ► Geophysics, soil sampling planned for the summer

• Fisher Zone

► Initial drilling 40 meters of anomalous gold grades on

strike with the Sugar Zone

► Drilling has resumed to test down-dip extension

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EXPLORATION - REGIONAL UPSIDE

DISTRICT SCALE POTENTIAL

• Land package – 80,000 Ha

(200,000 acres)

• Regional staking covered

continuations of greenstone belt

• Airborne geophysical survey

including MAG & VTEM completed

• Eagle Zone: New target

identified

► Major ‘gossan’ approximately

650 meters in length

► Significant pyrite/pyrrhotite as

well as chalcopyrite (copper) and sphalerite (zinc)

• Target follow-up includes ground

IP survey, geochemical and field mapping, drilling

Martin Zone

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TIMELINE – SIGNIFICANT NEAR-TERM CATALYSTS

Construction Commissioning & Commercial Production Definition and Exploration Drill Programs Final Technical Report Permitting & IBA Permitting Complete Updated Resource Estimate

2017 2018 2019 2017 2018 2019

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G O L D C O R P