NEVADA GOLD RESERVES CORPORATE PRESENTATION May 1, 2020 0
Disclaimer and Forward-Looking Statements H A S B R O U C K P R O J E C T P R E - F E A S I B I L I T Y S T U D Y A N D M I N E R A L R E S E R V E E S T I M A T E This presentation has been prepared by West Kirkland Mining Inc. (“West Kirkland”, “WKM”, or the “Company”). The Hasbrouck Project Pre -feasibility Study, Mineral Resource Estimate, and Mineral Reserve Estimate (September 2016) were prepared by Mine Development Associates (“MDA”), with principal authors being Tom Dyer, P.E. and Paul Tietz, C.P.G. of MDA, and with contributions from Herb Osborne of H.C. Osborne & Associates, Metallurgical Eng., SME (metallurgy), Ryan Baker, P.E. of Newfields (civil and heap leach) and Carl Defilippi, SME of Kappes Cassiday & Associates (metallurgy and process design). Each aforementioned person is a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43 - 101”) and has reviewed and approved the information in this presentation relevant to the portion of the Hasbrouck Prefea sibility Study for which they are responsible. MDA has reviewed and verified the data disclosed in this presentation to be in conformity with generally accepted CIM “Estimation of Min eral Resource and Mineral Reserves Best Practices” guidelines and in accordance with NI 43-101. F O R W A R D - L O O K I N G I N F O R M A T I O N This presentation contains forward-looking information or forward- looking statements (collectively, “forward -looking information ”) within the meaning of applicable securities laws. Forward - looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postu lat e”, and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this presentation includes, without limitation, the statements regarding the ability to achieve the recoveries and the processing capacity of the mines; regulatory processes and permitting; estimates of gold or other minerals grades; anticipated costs, anticipated sales, project economics, the realization of expansion and construction activities and the timing thereof; and production estimates and other statements that are not historical facts. Information concerning mineral resource and reserve estimates and the economic analysis thereof contained in the pre-feasibility study are also forward-looking information in that they reflect a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although West Kirkland believes that such timing and expenses as set out in this presentation are reasonable, it can give no assurance that such expectations and estimates will prove to be correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those icn forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, significant increases in any of the machinery, equipment or supplies required to develop and operate a mine, a significant change in the availability or cost of the labor force required to operate a mine, a significant increases in the cost of transportation for the Company’s products, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital, or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com. C A U T I O N A R Y N O T E T O U . S . I N V E S T O R S R E G A R D I N G T H E U S E O F M I N I N G T E R M S This presentation has been prepared in accordance with the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all mineral resource and reserve estimates included in this presentation have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7, and resource and reserve information contained herein may not be compar able to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, “Resources” or “Reserves” established under NI 43 -101 standard s may not qualify as “resources” or “reserves” under U.S. standards. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. In addition, under U.S. standards, a “Final” or “Bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SE C normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in -place tonnage and grade without reference to unit measures. Accordingly, information concerning mineral deposits set forth in this presentation may not be comparable with information made public by companies that report in accordance with U.S. standards. This presentation has reviewed and verified by Sandy McVey P.Eng., West Kirkland Mining’s Chief Operating Office and a non -independent qualified person as defined by NI 43-101. 1 2020-05-01-WKM-HBPPresentation
S A F E G O L D F O R W H E N T H E T I M E I S R I G H T Strategy Matters We will - • Hold Shovel-Ready, Safe Gold Reserves • Minimize ze Holding Costs & Overhead • Protect & Grow Shareholder Value • Deve velop Mine Only when compelling • Return Capital to Shareholders 2
THE INVESTOR’S CHOICE Why West Kirkland Mining ▪ Safe fe Long-term Gold Stock ▪ Gold-in in-Gr Ground (G (G-i-G) G) - a Safe Store of Value ▪ Deeply Discounted Share Price ▪ Highly Levera veraged to Gold Price ▪ Low Annual Holding Costs - 0.2% of value of gold, less than a physical gold ETF ▪ Shareholders and Management Aligned - will build when economics compelling and risk low 3
S u n Va l l e y G o l d - 47 % MAJOR SHAREHOLD E RS: Ru f fer – 17 % G o l d 2 0 0 0 - 6 % 6 % Share Structure Stock Symbol Bloomberg: WKM CN TSXV: WKM OTCQB: WKLDF Share Price (May 2020) C$0.075 52-Week High / Low C$0.08 / C$0.03 Issued and Outstanding 425,346,309 Options 13,975,000 439,321,309 Fully Diluted Market Capitalization C$32M 4
Directors and Management D I R E C TO R S Peter F. Palmedo Chairman, also President of Sun Valley Gold LLC Pierre Lebel Director, also Chairman of Imperial Metals • Sold to Lakeshore Gold C$424 M in 2009 Director, also Exec. VP of Anthem Capital, former Min. of Kevin Falcon • Lakeshore Acquired by Finance and Deputy Premier of BC Tahoe for C$1 Bn R. Michael Jones Director, also President and CEO of Platinum Group Metals • C$1.3 Bn Market Cap. Advancing M A N AG E M EN T Juanicipio JV in R. Michael Jones President & CEO, co-founder of West Kirkland Mining, Mexico President & CEO Platinum Group Metals, MAG Silver, West Timmins Mining • Partnered with Fresnillo CFO & Corporate Secretary; co-founder of West Kirkland Frank k Hallam Mining, Platinum Group Metals, MAG Silver, West Timmins CFO Mining Sandy McVey 30+ years operational, construction, project planning, and COO mineral deposit valuation experience 19.5 Moz Reserve PGM discovery at Waterberg, South Africa 5
S O U T H N E VA DA , U S A Hasbrouck Location Nevada - the Safest Jurisdiction Historic mining district Community wants a new mine 6
“ “ Nevada is The If NEVADA was a country, it would Best Jurisdiction be the world’s for Investing in fourth-largest mining in the Gold Producer, world behind China, Australia, and - Fraser Institute, 2019 Russia - US Geological Survey
Recommend
More recommend
