Investor Presentaiton slide image

Investor Presentaiton

Timeline to Production . • • Contango forecast suggest first production could be in Q2 2024 Approximately $40 M program in 2022 Kinross Feasibility Study completed and permitting activities are advancing well Wetlands Dredge and Fill (404) Permit from USACE • Other permits issued by State of Alaska Production expected to commence in H2 2024 • Approximately $19 M program in 2021 which included resource in-fill, hydrology, geotechnical, metallurgical engineering; environment and community outreach With ~$2 M exploration drilling to potentially expand the mine life DETAILED DESIGN DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PROCUREMENT CONSTRUCTION PRODUCTION Community Engagement Tetlin Tribe indicates their support for the project development plan; Continued community engagement "Early Works" construction decision announced in July 2022 Road construction/mill modification/camp Mine Site construction decision with receipt of Mine Operating Plan approved in May 2023 Image used with permission from Kinross 12 12 CONTANGO ORE
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