Lac Gold Limited · ASX:LAC
Lac Gold — Investor Presentation (July 2026)
23 slides from Lac Gold's investor presentation, Jul 21, 2026
Slide 1: A high-grade gold system emerging at scale
Investor Briefing | July 2026 Matthew Keegan – Executive Director For personal use only ASX : LAC A high-grade gold system emerging at scale Rouyn Gold Project, Québec | Pickle Lake District, Ontario Astoria drilling, Rouyn Gold Project, Québec 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lac Gold Limited (ASX:ADV) (Company) This presentation is dated 21 July 2026 and has been prepared by Lac Gold Ltd (ACN 110 884 252) (LAC, Lac Gold or the Company). Please read this disclaimer carefully before reading or making any other use of this
Slide 3: Disclaimer
Disclaimer JORC Code: This presentation contains estimates of the Mineral Resources estimated for the Projects and previously released exploration results. The information in this report that relates to Exploration Results for the Rouyn Gold Project has been extracted from the ASX announcements rele
Slide 4: Corporate Snapshot
Corporate Snapshot Well-funded with aligned leadership and a clear focus on Rouyn For personal use only LAC 214.9M A$0.31 ~A$66.6M A$16.2M ASX ticker shares on issue share price 1 market cap 2 cash 3 Shareholders Board and Management Ian Hume Chair Andrew Stocks Managing Director 27% Michelle Roth N
Slide 5: Portfolio Overview
Portfolio Overview Rouyn: A high-grade development asset | Pickle Lake: district-scale upside Rouyn Gold Project – Québec For personal use only • 1.66Moz @ 3.28g/t (JORC 2012) † • Located on Cadillac–Larder Lake Break • Extensive drilling (436,678 m) • Mineral Resource remains open • Exceptional inf
Slide 6: Rouyn – High-grade Resource in the Abitibi
Rouyn – High-grade Resource in the Abitibi 1.66Moz at 3.28 g/t Au on the Cadillac–Larder Lake Break For personal use only • Located in Québec, Canada Tier 1 jurisdiction • Positioned directly on the Cadillac– Larder Lake Break • The Abitibi region has produced ~200Moz gold • Mineral Resource: 1.66Mo
Slide 7: Rouyn – A Continuous 6km Gold Corridor
Rouyn – A Continuous 6km Gold Corridor Multiple deposits and targets aligned along a single structural trend For personal use only • ~6km mineralised corridor along the Cadillac Break • Key zones: Astoria, Cinderella, Gamble, Augmitto • Hosted within a continuous structural system (Piché Group) • Mu
Slide 8: High-grade System | Clear Growth Potential
High-grade System | Clear Growth Potential Broad mineralised envelopes supporting high-grade shoots For personal use only • 1.66Moz high-grade gold resource (3.28g/t Au) in Québec* • Extensive mineralised envelopes (tens of metres wide) • High-grade zones occur within broader alteration ‘halos’ • Sy
Slide 9: Consistent With Large Abitibi Gold Systems
Consistent With Large Abitibi Gold Systems Geological characteristics aligned with long-life deposits For personal use only • Structurally controlled orogenic gold system • Hosted within Piché Group ultramafics • Geological setting consistent with long-life Abitibi deposits Image: Regional Deposit o
Slide 10: Rouyn – Significant Scale and Depth Potential
Rouyn – Significant Scale and Depth Potential Drilled to ~400–700m | Nearby mines at >1,000–3,000m For personal use only • Stage 1: 15,000m diamond drilling program • Completed, majority (60%) of assays outstanding • Stage 2: 15,000m commenced • 110 Targets at Astoria • 37 targets at Gamble • Stage
Slide 11: Drilling Confirms High-Grade Continuity
Drilling Confirms High-Grade Continuity Strong intercepts support continuity beyond resource envelope • AS-26-793 For personal use only • 5.65m @ 141.29 g/t Au (from 148m) incl. 0.5m @ 1,580 g/t Au • AS-26-778 • 3.0m @ 11.4 g/t Au (from 68m) incl. 1.0m @ 24.6 g/t Au • AS-26-779 • 29.15m @ 4.96g/t Au
Slide 12: Large Mineralised System
Large Mineralised System Mineralised envelopes indicate scale, high-grade shoots driving value For personal use only • Extensive mineralised envelopes (35m–89m widths) observed at Astoria – act as the primary geochemical marker for high-grade plunging shoots • High-grade zones embedded within broade
Slide 13: Rouyn – Drilling Activity is Accelerating
Rouyn – Drilling Activity is Accelerating Second rig added to increase testing and data generation For personal use only • Astoria is just the beginning – the corridor includes Cinderella, Gamble and Augmitto project areas • Planning underway to systematically apply the success at Astoria to the rem
Slide 14: Advancing Technical Workstreams
Advancing Technical Workstreams De-risking the project while expanding the resource base For personal use only • PhotonAssayTM trial underway – expected to improve grade confidence while significantly reducing sample processing times • Geological modelling and interpretation ongoing – advanced A.I.-
Slide 15: Second High-grade District Position In Ontario
Second High-grade District Position In Ontario Pickle Lake provides additional scale without diverting focus from Rouyn • District-scale landholding (~675 km²) For personal use only • Golden Patricia: historic high-grade underground mine (~620koz @ ~16.5g/t)* • Minimal upfront acquisition cost (NSR
Slide 16: Golden Patricia: A High-Grade Legacy Reawakened
Golden Patricia A High-Grade Legacy Reawakened For personal use only Image 1: Historical • Zero-Cash Entry: Golden Patricia Acquired for $0 upfront capital; non-dilutionary; structured via specimen on display in Barrick’s Net Smelter Return (NSR) corporate office, Toronto • High-Grade Legacy: Histor
Slide 17: Golden Patricia Growth Catalyst
Golden Patricia Growth Catalyst 2026 Strategy – Technology Meets Scarcity For personal use only • Preparing to digitise 10+ years of hand-drawn Barrick maps and paper drill logs. • Permits visualisation of ‘shadow zones’ – high-grade pockets missed by 1990’s technology • Low-Cost Exploration Path: •
Slide 18: Ongoing Drilling & Steady News Flow
Ongoing Drilling & Steady News Flow Continued drilling and results expected to drive re-rating For personal use only • Assay results pending from current drilling program • Ongoing drilling across multiple targets at Rouyn • Second rig accelerating data generation • Core resampling program • Updated
Slide 19: A High-Grade System With Clear Growth Potential
A High-Grade System With Clear Growth Potential Established resource, emerging scale and expanding Canadian platform For personal use only High-grade resource base at Rouyn Drilling confirming continuity and scale Accelerating activity with third rig Accelerating numerous technical studies Additiona
Slide 20: Appendices
Appendices For personal use only 1. Geological Background 2. Mineral Resource Estimates 3. Competent Person’s Statement 20 Logging drill core at Lac Gold’s Western Hub, Pickle Lake
Slide 21: 1. Geological Background
1. Geological Background Piché Group – Cadillac-Larder Lake Fault Zone The Piché Group, a volcanic and ultramafic sequence in the Abitibi Famous mines along the Cadillac Break hosted in the Piché Group: For personal use only Greenstone Belt, is one of the most important host rock groups along 1. LaR
Slide 22: 2. Mineral Resource Estimates (JORC 2012)
2. Mineral Resource Estimates (JORC 2012) September 2023 Indicated Inferred Total Astoria1 Tonnage (Mt) Grade (g/t) Gold Ounces (koz) Tonnage (Mt) Grade (g/t) Gold Ounces (koz) Tonnage (Mt) Grade (g/t) Gold Ounces (koz) For personal use only Ultramafic 2.9 3.16 293 3.7 3.28 386 6.5 3.23 679 Argillit
Slide 23: 3. Competent Person's Statement
3. Competent Person’s Statement Kasagiminnis Mineral Resource For personal use only The information in this presentation that relates to JORC Mineral Resources for the Pickle Lake Gold Project has been extracted from Lac Gold's accompanying ASX announcement entitled “Maiden High-Grade Gold Resource