Perama Hill Project Overview
Successful Growth at the Lamaque Complex
Delivered on acquisition with demonstrated growth; Significant upside potential
Kil
Strong track record of
success since Integra acquisition
Updated Technical Study with
significant upside potential (1)
Continued positive impact for
local stakeholders
Achieved Commercial Production
• Reached commercial production less than 2
years after the Integra acquisition
Resource and Reserve Growth
Inaugural reserve announced 8 months post
acquisition; continue to replace reserves
year-over-year with additional growth
Doubling of gold resources since acquisition
through exploration
Exceeded PFS Production Metrics
Triangle has exceeded 2018 Prefeasibility
Study ("PFS") metrics in terms of tonnage
and gold production
Triangle 2022 gold production was 175kozs,
almost 30% higher than peak production of
135kozs based on the 2018 PFS
eldorado gold
$M (USD)
After-Tax NPV,
(2)
$1,000
5%
$197 M
$800
$162 M
$600
$459 M
$400
$200
$0
Upper Triangle Lower Triangle
+ Parallel
Inferred
Reserves
Ormaque
Inferred
•
Positioned Well in Abitibi Region
Expanded land package in the Val-d'Or region
by 550% with QMX acquisition
Acquired large prospective land packages in
Matagami, Kirkland Lake areas
Sustainable Focus
Recently completed Lamaque decline project is
expected to result in:
Eliminating 26 km surface haulage and
rehandling on public roads; reducing
GHG emissions
Increasing energy efficiency
Reducing ambient noise & surface dust
•
.
Improving overall sustainability
Operating Mine Fully Permitted
Upper Triangle Reserves case is fully
permitted under Federal and Provincial
regulations
Expect that any permitting amendments can
be obtained as required for future growth
•
The PEAS are preliminary in nature and are based on numerous assumptions and the incorporation of Inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. There is no guarantee that Inferred mineral resources can be converted to
Indicated or Measured mineral resources and, as such, there is no guarantee that the economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(1) Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. (2) Assumes gold price of $1,500 per ounce.
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