Investor Presentaiton
2023 Magino Reserve Expansion Program Began in Q3
•
Resource body remains open at depth, along strike to the east
towards Alamos' Island Gold Mine, and west along strike
•
Target 0.5 1.0 Moz added to reserves
.
Conversion of resources to reserves could support an increase to
process capacity from 10,000 tpd (current plan) to a range of 15,000
tpd 20,000 tpd
E
Current Resource Cone
Max Depth 550m
Current Reserve Pit
Max Depth 350m
•
Potentially increases production to over 200,000 oz/year
•
Fully permitted to process up to 35,000 tpd and TMF to 135Mt
W
Measured
Indicated
Inferred
Not Drilled
Looking South
Convert open pit resources to
reserves within the pit cone
Update block model and
perform an engineering
analysis to determine optimal
processing rates
Test targets at depth
Mineral Resources (1) Increased to 5.4 Moz Au Based on Exploration Drilling Below the Reserve Pit
ARGONAUT GOLD 1. Mineral Resources are inclusive of Mineral Reserves
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