Tatogga Project, Golden Triangle, BC December 2019
INVESTOR PRESENTATION
GTT : TSX-V
INVESTOR PRESENTATION December 2019 Tatogga Project, Golden - - PowerPoint PPT Presentation
INVESTOR PRESENTATION December 2019 Tatogga Project, Golden Triangle, BC GTT : TSX-V Cautionary Statement Regarding Forward Looking Information Certain statements included in this presentation constitute forward-looking statements, including
Tatogga Project, Golden Triangle, BC December 2019
INVESTOR PRESENTATION
GTT : TSX-V
Cautionary Statement Regarding Forward Looking Information
Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management. The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions. They therefore involve known and unknown risks, uncertainties and other factors. Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as
which makes it prudent to change such plans or programs; and
result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
QA/QC PROCEDURES
GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/ Saddle Reverse Circulation and Diamond Drill Program Assay Results Widths reported in this presentation are drilled core lengths. True widths are estimated to be approximately 85- 90% of drilled lengths for minus 50 degree holes, and approximately 70% for minus 70 degree holes. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured. GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Charles James Greig, P.Geo., Vice President, Exploration. Mr. Greig has reviewed and approved the technical information in this presentation.
TSXV: GTT 2
TSXV: GTT 3
GT Gold – New Copper-Gold Play with Infrastructure and Upside
Strong management team with technical expertise and a track record of value creation
SADDLE NORTH DISCOVERY
porphyry system, mineralized to near surface with grades increasing to depth
1.5 g/t AuEq over 777m including 1.5% CuEq / 2.0 g/t AuEq over 342m (Hole 109)*
EXPLORATION UPSIDE
High-grade Cu-Au porphyry with scale and open at depth
Near surface epithermal Au-Ag system open to east, west, south and at depth
prospective 468 km2 property
TIER 1 MINING JURISDICTION
Golden Triangle – a prolific mining region hosting a number of
deposits
proximity to operating mine – including paved highway and access to provincial power grid
TSXV: GTT 4
CANADA
Red Chris mine Paved Highway 37
Tatogga Property
287 kV Line Port of Stewart
Tatogga: Tier 1 Jurisdiction with Access & Infrastructure
Iskut
SADDLE NORTH SADDLE SOUTH
100% owned 468 km2 property N Drillhole
Large Scale Cu-Au Porphyry
8,200 m of drilling
Discovery confirmed! Identified large- scale mineralization with high-grade core, varying in thickness from ~100 m near surface to over 300 m toward depth of ~1,100 m from surface. .
Saddle North: Large Scale Cu-Au Porphyry Discovery
Blind Target Discovery
1,100 m of drilling
Geophysical work in 2017 identified a coincident magnetic & IP anomaly ~1,000 m across. Large scale Cu-Au porphyry style mineralization uncovered with end of season drilling. 2019 Saddle North drill core - late sheeted pyrite veinlets cutting veins
TSXV: GTT 5
NEXT STEPS:
Report all compiled 2019 assays Geological model H1 2020
2019
Began consultation in Sep 2019 to progress Saddle North through resource estimation and economic evaluation
2017
2018
Growth: Infill & Expansion
25,000 m of drilling
Phase 1 & 2 results to date have successfully: 1) extended known higher-grade core of mineralization down-plunge to depth below surface of 1,200-1,600 m; 2) confirmed continuity of the higher-grade core in the central part of the deposit, and; 3) extended near surface mineralization by ~200 m to the northwest. System remains open at depth and along strike.
Saddle North 2019 Drilling to Date
TSXV: GTT 6
2019 program tested core
intrusive system to +1.5 km depth Demonstrated continuity in higher grade southerly- plunging core from surface to highest-grades at depth 100% of holes drilled intersected Cu-Au porphyry- style mineralization System remains open at depth with highly prospective targets untested along strike to W and E
6,408,800 mN 6,408,600 mN 6,408,400 mN 6,408,200 mN 6,408,000 mN 435,600 mE 435,800 mE 436,000 mE 436,200 mE 436,400 mE
TTD107 TTD098TTD133 TTD136
TTD062 TTD117 TTD085 TTD121 TTD126 TTD129 TTD093TTD134
TTD127 TTD128 TTD130 TTD102 TTD141 TTD109 TTD112 TTD090 TTD132 TTD131 TTD142 TTD120 TTD122 TTD123 TTD124 TTD143 TTD125 TTD113 TTD119 TTD144 TTD116 TTD106 TTD118 TTD145 TTD118 TTD111 TTD114 TTD115 TTD110100 200 metres
Saddle North Plan Map
Base map: 10 metre topographic contours
Projection: UTM NAD 83 Zone 9
TTD134 558.00 m @ 0.61 g/t Au & 0.35% Cu 0.80% CuEq & 1.10 g/t AuEq TTD134 158.00 m @ 1.12 g/t Au & 0.52% Cu 1.35% CuEq & 1.86 g/t AuEq TTD133 627.00 m @ 0.53 g/t Au & 0.37% Cu 0.76% CuEq & 1.04 g/t AuEq TTD133 362.00 m @ 0.73 g/t Au & 0.45% Cu 1.00% CuEq & 1.37 g/t AuEq TTD136 472.00 m @ 0.39 g/t Au & 0.32% Cu 0.62% CuEq & 0.85 g/t AuEq TTD136 303.34 m @ 0.49 g/t Au & 0.38% Cu 0.75% CuEq & 1.03 g/t AuEq
Diamond drill collar Assays released (current) Diamond drill collar Assays previously released Diamond drill collar Assays pendingDiamond Drill Collars
Legend
> 1.5 > 0.1 0.5 1.0 Plan Map Trace Shade CuEq (%)*
*Prices used to calculate CuEq are: Cu: $2.60/lb Au: $1,300/oz Ag: $16/oz All values are reported in USD and do not consider recoveriesTSXV: GTT
7
Saddle North drilling across high-grade core
558.00 m @ 0.61 g/t Au & 0.35% Cu 0.80% CuEq & 1.10 g/t AuEq 158.00 m @ 1.12 g/t Au & 0.52% Cu 1.35% CuEq & 1.86 g/t AuEq
NE cross-section 5570 NE cross-section 5970
627.00 m @ 0.53 g/t Au & 0.37% Cu 0.76% CuEq & 1.04 g/t AuEq 362.00 m @ 0.73 g/t Au & 0.45% Cu 1.00% CuEq & 1.36 g/t AuEq 472.00 m @ 0.39 g/t Au & 0.32% Cu 0.62% CuEq & 0.85 g/t AuEq 303.34 m @ 0.49 g/t Au & 0.38% Cu 0.75% CuEq & 1.03 g/t AuEq
TSXV: GTT
TSXV: GTT 8
(1,550 m from surface)
Cu-Au grades and expanding to depth
untested targets along strike to W and SE
0.30 g/t Au Shell 0.50 g/t Au Shell 0.75 g/t Au Shell 1.00 g/t Au Shell
Legend Dashed = Open
Looking at -10° to 065° 500 m
Poelzer Fault
0.75 g/t Au Shell 1.00 g/t Au Shell 0.3 g/t Au Shell
Saddle North Large Scale Cu-Au Porphyry Discovery
Tatogga: Porphyry Potential
TSXV: GTT 9
Anomaly ~3km
+0 +1000 +0 +1000
NW SE
IP chargeability
Red Chris mine Red Chris Saddle North
3km Cadia 5.5km
Quash Pass Saddle North
Tatogga Property
2018-2019 airborne surveys defined prospective anomalies Porphyry district scale comparisons and Tatogga upside
Quash Pass
Saddle South – Epithermal Au-Ag System
TSXV: GTT 10
mineralization at Imperial Metals’ Red Chris project inspired regional exploration
by first ever Saddle South drilling in 2017
An extensive near-surface zone of high grade Au-Ag epithermal mineralization spanning ~1,000 m X 150 m X 700 m High-grade zones locally show good continuity across sections both near surface and at depth Locally extensive surface expression of mineralization
strike and at depth
Saddle Zone Plan Map
IP chargeability basemap Residual Magnetic Intensity (RMI) magnetic contours
1000 metres
Saddle North
Saddle North (West) Eastern Extension Discovery Zone Eastern Zones
mV/V mV/V Residual Magnetic Intensity (contours) 500 nTTTD079 9.55 g/t Au
TTD007 51.53 g/t Au and 117.38 g/t Ag
TTD058 31.79 g/t Au and 1,141.10 g/t Ag
Saddle South
TTD064 1.35 g/t Au and 0.37% Cu
2019 Drilling program ended October 22 - achieved 25,000 m goal End of season drilling at Saddle South was completed to:
mineralization
plunging system (reaches surface on broad, gently-sloping top of Saddle ridge) *All assays pending are likely be received before year-end and results will be reported following their receipt, compilation and interpretation.
2019 Exploration Drilling Summary
25,146 m Total drilling in 2019 18, 413 m Saddle North drilling reported to date 6,733 m Assays pending* 5,444 m (6 holes) from Saddle North 1,289 m (4 holes) from Saddle South
TSXV: GTT 11
Systematic Exploration: Towards a Geological Model & Project Pipeline
TSXV: GTT 12
Detailed Geophysics Geochemistry Drill Testing/Oriented Core Hyperspectral/ Alteration Mapping Mapping Structural Interpretation Geological Model Assay Results
Tatogga Project Employee & Contractor Demographics
2019 Field Season (at Oct 27) including all field crews and temporary contractors: 2018 Field Season
89 36 9
27%
Tahltan Nation
134 Employees & Contractors
Other First Nations Non- First Nation Contracted Tahltan Nation:
TSXV: GTT 13
Community and Environment; Partnership and Respect
2018 Economic Contributions Agreements Communications Agreement $ 33,000 Emergency Support Fire Relief Fund (GT Gold) 25,000 Fire Rebuilding Effort 5,000 Hockey Tahltan Selects Hockey 3,000 Iskut Sawtooth Predators 18-22 Hockey 3,000 Iskut Trail Blazers 10-13 Hockey 2,000 Dease Lake Hockey Tourney 1,500 Health & Wellness Tene Mehodihi Trail & Medicinal Plant 7,000 Healthy Active Tahltans (HATS) 5,000 Tour de Telegraph Bike Ride 3,000 Music Iskut Sacred Headwaters Music Festival 4,000 Stikine Valley Gospel Music Festival 1,000 Events TNDC Dease Lake Christmas Party 1,000 Tahltan Youth Lunch at Roudup 1,500 Total Funds Contributed in 2018 ~$95,000
2017-2018 ACHEIVED & 2019 ONGOING:
Tahltan Heritage Resources Environmental Assessment Team
TSXV: GTT 14
Equity Structure & Capitalization
TSXV: GTT 15
Capitalization and Balance Sheet (C$)
Share Price2 $0.94 Basic Shares Outstanding 116.1M Options Outstanding3 11.2M Basic Market Capitalization $109.1M Cash3 ~$10.2M Total Debt
Ross Beaty Management & Directors Newmont Goldc Institutional Retail & Other
9.9% 12.6% 47.0% 22.5% 8.0%
GT Gold announced an additional C$8.3M strategic investment by Newmont Goldcorp on Nov 27, 2019. On closing of financing (expected Dec 13, 2019):
Newmont Goldcorp at $1.20/share in return for C$8,252,638.80.
~C$18.4M, with total basic shares outstanding of 122.9M and basic market capitalization of ~ C$115.5M
Top 5 Institutional Shareholders
Ninepoint Capital Partners Mackenzie Financial Corporation RBC Global Asset Management Ruffer LLP Sentry Investments
Total Institutional ~22.5%
Analyst Coverage
Analyst Coverage at Nov 3, 2019 Firm Analyst GTT Target
Cormark Securities Tyron Breytenbach $2.50 M Partners Bereket Berhe $1.80 PI Financial Chris Thomson $2.50 Agentis Capital Michael Gray N/A Red Cloud Klondike Strike Derek Macpherson N/A Average 12-month Target Price $2.27
TSXV: GTT 16
Milestones Ahead: Towards a Geological Model & Project Pipeline
TSXV: GTT 17
Advancing Saddle North gold-rich copper porphyry discovery
First drill hole - 2017 Discovery made - 2018 Delineation drilling - 2019 Metallurgical studies ............................ ........ Geological model - 2020 Inferred resource Studies and economic analysis Definition drilling Exploration of new targets Preliminary Economic Assessment (PEA)
Copper Outlook – Growing Demand for New Supply
TSXV: GTT 19
1. Source: Wood Mackenzie mining investment presentation at TD Mining Conference in January 2019. 2. Source: RBC Capital Markets report on copper, published May 7, 2018.
Mine production and demand for mine supply Mt (forecasts after 5% disruption allowance)1
Global copper supply declines with diminishing long-term production1,2
creating structural deficit
mined grades and increasing capital intensity Demand for copper is growing sustainably3
benefits
energy systems
primary-energy supply coming from renewable sources by 2050
New projects are required to meet future demand growing at ~1.5% p.a.
Projected 5Mt deficit in new copper mine supply by 2028 as existing production declines and demand continues to grow steadily2
Source: Macquarie Capital. Based on annual disclosure for selected issuers and their respective technical report filings. 1) Where cut-off grade is not disclosed as % CuEq but reported in NSR $/t or similar metrics, cut-off grade has been calculated based on respective grade, recovery, metal price, and exchange rate assumptions. 2) Cash operating costs as of 2017 annual results, except for Red Chris (since commercial production in July 2015) and Highland Valley (LOM disclosure in March 2013 Feasibility Study). Net smelter returns based on LT commodity price assumptions of US$2.90/lb Cu, US$11.00/lb Mo, US$1,250/oz Au, and US$18.00/oz Ag, and exclude any impact from royalties, transportation, and refining charges.
Mineral Reserve Cut-off Grade (% CuEq)(1) Cash Operating Costs vs. Net Smelter Return(2)
1.18% 0.54% 0.40% 0.33% 0.32% 0.29% 0.37% 0.13% 0.12% 0.10% 0.13% 0.15% 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% New Afton (UG) Red Chris (OP) Mount Milligan (OP) Highland Valley (OP) Copper Mountain (OP) Gibraltar (OP) % CuEq Reserve Grade (% CuEq) Reserve Cut-Off Grade (% CuEq) $23.1 $17.8 $11.8 $8.8 $9.8 $6.6 $41.7 $7.6 $6.9 $9.2 $5.9 $8.2 $64.8 $25.4 $18.7 $18.0 $15.7 $14.8 $0.0 $20.0 $40.0 $60.0 $80.0 New Afton (UG) Red Chris (OP) Mount Milligan (OP) Highland Valley (OP) Copper Mountain (OP) Gibraltar (OP) US$/t milled Net Smelter Return Margin (US$/t milled) 2017 Cash Cost (US$/t milled)
Key Operating Metrics of Select Peers
TSXV: GTT 20
Sources: SolGold Plc, Peer Review. Note: % m column values are calculated by multiplying interval (m) by CuEq (%). January 4, 2019 intra-day spot prices used to calculate CuEq and AuEq are: Cu: $2.57/lb, Au: $1,294.80/oz, Ag: $15.65/oz. All values are reported in USD and do not consider metal recoveries
Saddle North Hole 109 Results vs. Top Global Peer Holes
TSXV: GTT 21
Rank Operator Property Location Interval (m) Cu (%) Au (g/t) CuEq (%) % m 1 Anglo American Los Sulphatos Chile 717 3.6 3.6 2,581 2 Codelco Chilean Giants Chile n/a n/a n/a n/a 2,500 3 Kennecott Bingham Canyon Utah, USA n/a n/a n/a n/a 2,500 4 Newcrest Wafi-Golpu PNG 1,422 1.14 0.64 1.61 2,289 5 Newcrest Wafi-Golpu PNG 944 1.44 1.28 2.38 2,247 6 Imperial Metals Red Chris BC, Canada 1,024 1.01 1.26 1.94 1,983 7 Anglo Gold Ashanti Nuevo Chaquiri Colombia 810 1.65 0.78 2.22 1,801 8 Freeport McMoran Grasberg Indonesia 591 1.7 1.8 3.02 1,787 9 SolGold Plc Cascabel Ecuador 1,560 0.59 0.54 0.99 1,540 10 Ivanhoe Mines Oyu Tolgoi Mongolia 326 3.77 1.23 4.67 1,524 11 SolGold Plc Cascabel Ecuador 1,197 0.63 0.83 1.24 1,485 12 Exeter Resources Caspiche Chile 1,214 0.9 0.33 1.14 1,387 13 Metallica El Morro, La Fortuna Chile 780 0.84 1.24 1.75 1,366 14 SolGold Plc Cascabel Ecuador 1,358 0.61 0.53 1.00 1,358 15 SolGold Plc Cascabel Ecuador 936 0.75 0.95 1.45 1,356 16 SolGold Plc Cascabel Ecuador 1,030 0.59 0.9 1.25 1,289 17 Newcrest Cadia Ridgeway Australia 341 0.93 3.86 3.77 1,285 18 Ivanhoe Mines Oyu Tolgoi Mongolia 476 2.16 0.67 2.65 1,263 19 Metallica El Morro, La Fortuna Chile 758 0.93 0.99 1.66 1,257 20 Anglo American Los Sulphatos Chile 990 1.26 1.26 1,247 21 Ivanhoe Mines Hugo Dummet Mongolia 302 3.11 0.98 3.83 1,157 22 Ivanhoe Mines Oyu Tolgoi Mongolia 422 2.48 0.21 2.63 1,112 23 Imperial Metals Red Chris BC, Canada 1,135 0.5 0.59 0.93 1,060 24 SolGold Plc Cascabel Ecuador 1,402 0.48 0.34 0.73 1,023 25 Exeter Resources Caspiche Chile 1,058 0.7 0.35 0.96 1,013 26 Exeter Resources Caspiche Chile 793 0.96 0.4 1.25 994 27 Imperial Metals Red Chris BC, Canada 716 0.79 0.74 1.33 956 28 GT Gold Saddle North (TTD109) BC, Canada 1,150 0.36 0.62 0.82 938 29 SolGold Plc Cascabel Ecuador 954 0.6 0.52 0.98 937 30 Metallica El Morro, La Fortuna Chile 820 0.59 0.73 1.13 924
Additional Opportunities: Quash Pass Priority Target
TSXV: GTT 22
Quash Pass Red Chris mine Saddle Zone
element soil and rock geochemical anomaly with a coincident strong geophysical response, and a similar east-west strike to the Saddle system.
Tatogga Property
Ashwath Mehra Executive Chairman
experience
expertise and network of European investors
Charles J. Greig VP Exploration and Director
the mining sector
specifically to deposits in BC’s Golden Triangle
Shawn Campbell Chief Financial Officer
experience in project and operations financial management
Investor Relations with Goldcorp.
Management and Board
TSXV: GTT 23
Paul Harbidge President, CEO and Director
experience in mining exploration and development
President of Exploration at Goldcorp
James Rutherford Lead Independent Director
investment banking and investment management as both institutional investor and analyst
Vice President at Capital Group (1997-2013) responsible for mining investments
Renaud Adams Independent Director
executive and operator
and President of New Gold
Mines’ acquisition by Alamos Gold for ~US$700M
Charles Tarnocai Independent Director
with PH.D in economic geology
VP Corporate Development at Alamos Gold John L. Pallot Independent Director
decades of experience across a broad array of industries
raising capital for junior mining issuers
Dale Finn Director
experience in mining exploration
Executive Exploration at Newmont Goldcorp and is responsible for geologic functions in South America
Strong management team with technical expertise and a track record of value creation
Adrian Reynolds Independent Director
natural resources sector
Randgold Resources as part of the executive team strategizing growth from exploration-based to very profitable mid-tier company
Michael Skead VP Project Development
experience in mining exploration and development
Goldcorp
PAUL HARBIDGE, PRESIDENT AND CEO
36 King Street East, Suite 400 Toronto, ON M5C 1E5 647-256-6754 www.gtgoldcorp.ca