Investor Presentaiton
MANH CHOH PROJECT
NEAR-TERM PRODUCTION POTENTIAL & EXCELLENT EXPLORATION UPSIDE
Entered into 70/30 JV agreement with Kinross to form new Peak Gold LLC with Royal Gold retaining royalty;
Plan is to mine Peak Gold ore, then truck and process at Kinross' Fort Knox Milling Complex - Simple plan and simple execution to produce 1 Million GEO
Capital costs for the Project are expected to be ~US$110M (100% basis); Operations could potentially start in 2024; Contango's share is 65,000 GEO/year at
$750 AISC/GEO based on Kinross's estimate¹
$18M 2021 PGLLC Budget Permitting in 2021-22 →Feasibility in 2022 → Construction in 2023 → Production in 2024 → On-going Exploration
Significant exploration upside on nearly 850,000 acres in the heart of the Tintina Gold Belt
1 Non-GAAP financial measure; see Appendix for disclaimers regarding reconciliation.
2 Approximately 13,000 acres of the state mining claims are subject to a repurchase option by Peak Gold LLC
5
CONTANGO OREView entire presentation