Dfr Gold Inc · TSXV:DFR
Dfr Gold — Investor Presentation (February 2023)
31 slides from Dfr Gold's investor presentation, February 2023
Slide 1: A new West African Gold Explorer
A new West African Gold Explorer Cape Town February 2023
Slide 2: Disclaimer
2 Disclaimer The data contained in this Presentation is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this Presentation is to be construed as an offer to buy or sell securities. The reader agrees to hold DFR Gold
Slide 3: Project Portfolio
3 Project Portfolio Gold in West Africa Other Projects Cascades, Burkina Faso (DFR earning 80% interest) Beravina, Madagascar (DFR 100%) • Hard rock zircon deposit • Exciting, high-potential gold project with • NI 43-101 technical report filed in Maiden Resource in December 2021 * 2019 • Indicated R
Slide 4: Experienced Management Team
4 Experienced Management Team Brian Kiernan, Chairman Over 25 years experience in the exploration and mining business in Africa and North America. Previously CEO of the successful exploration and development company Moydow Mines International Inc where he oversaw the discovery and development of sev
Slide 5: Board of Directors
5 Board of Directors In addition to Brian Kiernan, John McGloin and Sybrand Van Der Spuy, DFR’s Board comprises Albert C. Gourley, Non Executive Director Mr. Gourley is an experienced mining director and executive. He serves as the London, UK, Regional Managing Partner of Fasken Martineau LLP, a lea
Slide 6: Gold Exploration Trends
6 Gold Exploration Trends • Severe lack of major gold discoveries over the past decade • Discoveries driven by brownfields expenditures at expense of grass roots exploration • West African Birimian remains a key for pipeline of projects • Fiscal regime of Burkina Faso enticing for exploration Data a
Slide 7: Birimian is Key for New Discoveries
7 Birimian is Key for New Discoveries New Discoveries in the past Decade 10 largest gold discoveries 2012-2021 Data as of April 2022 Source: S&P Global Market Intelligence* *S&P Research Note, 13 September 2022; Gold RRS 2022 – M&A price paid per ounce up on high market price https://www.spglobal.co
Slide 8: Cascades Project, Burkina Faso
8 Cascades Project, Burkina Faso • Previously multiple projects combined for the first time • Valuable historical exploration databases acquired (from High River Gold and Taurus Gold) • Large mineralized system within 30km x 5 km corridor • Multiple structures highlighted by geochemistry, geophysics
Slide 9: Cascades Historical Drilling
9 Cascades Historical Drilling
Slide 10: Cascades – Resource Potential
10 Cascades – Resource Potential Mineralization Gold grade WUO LAND 2 (Mt) (g/t Au) Contained Gold (koz) Indicated Resource 5.41 1.52 264 Inferred Resource 6.93 1.67 371 Mineralization Option on the 243 km2 Wuo Land 2 licence in 2022 increased the project area from Corridor 61.6 km2 to 304.6km2 Only
Slide 11: 2022 Drill Campaign
11 2022 Drill Campaign Target Area No Metres Holes Daramandougou 21 2,545 TT-13 9 1,068 Big South 13 1,362 TOTAL 43 4,975 A 5,000 metre Reverse Circulation drilling programme at Cascades was split between infill & step-out drilling at Daramandougou and first pass exploration drilling on two previous
Slide 12: Infilling Current Resource Model
12 Infilling Current Resource Model • Recent drilling targeted gaps and extensions • Infilling has demonstrated continuity & potential to grow 2022 drillhole collar Resources along strike Historical drillhole trace • Also potential for depth extensions drillholes December 2022 CS22-RC008 TO 013 pit
Slide 13: Exploration – New Discovery at TT-13
13 Exploration – New Discovery at TT-13 Discovery zone at TT-13 TT-13 is a new target area in Wuo Land 2 concession. Pre- CS22-RC027 2022 there was no previous exploration work recorded from 45-55m, [email protected] g/t FA 45-55m, [email protected] g/t LW this area An 1,800 metres strike length of mineralisation has
Slide 14: New Discovery Zone at TT-13 Target
14 New Discovery Zone at TT-13 Target N S Oxide Transitional Fresh Mineralisation 300 metres Long Section showing drillholes CS22-RC027, CS22-028 and CS22-029 • Just a single borehole drilled on each cross section to date • Simple geology evident, mineralisation hosted in monotonous greywackes in a
Slide 15: Exploration – New targets in new Wuo Land 2 concession
15 Exploration – New targets in new Wuo Land 2 concession Big South Target This structure not tested by First pass drilling with 11 holes spread over a three drilling; south-westerly kilometre section of a major mineralised zone extension is likely Relatively new artisanal activity in this area but
Slide 16: Cascades – Big South Target
16 Cascades – Big South Target Gold processing site Multiple parallel auriferous veins Drone mapping during the last quarter of 2022 has delineated numerous new artisanal targets many of which are new workings that were not seen on our bespoke Further south along the same structure at the Big South
Slide 17: Cascades – Understanding the Geology
17 Cascades – Understanding the Geology Examples of mineralized features in RC chips from high-grade zones at Daramandougou (top) and Wuo Ne (bottom). Laminated vein fragments with fine-grained Py are observable in a single-metre interval containing felsite and fine-grained sediments (i.e., a contac
Slide 18: Cascades – Understanding the Geology
18 Cascades – Understanding the Geology Laminated veins with arsenopyrite and fine-grained pyrite (a) and gold (b). Note the spatial relationship between the sulfides and the wall-rock seams in both (a) and (b) and how arsenopyrite grains appear to overprint the tectonic foliation of the wall-rock a
Slide 19: Cascades – Building Resources
19 Cascades – Building Resources 2023 Q1 Proposed Drilling Programme Overview Target Area No Holes Metres Target Zone L x W x D (m) Dara North 8 640 500 x 10 x 100 * Western Zone Extn 10 1,440 700 x 15 x 100 ** TT13 Step-Out 9 720 700 x 10 x 100 ** Wuo Land 2 TT13-West 6 600 500 x 10 x 100 * Dara No
Slide 20: Cascades – Resource Expansion Targeting
20 Cascades – Resource Expansion Targeting LEGEND • Abundance of targets in the vicinity of the 2021 resource pit shell Historic drill hole Moydow Drill hole • Pre-2012 geophysical surveys by HRG give pointers Planned drill hole to some obvious near-pit targets Resource Shell • Main resource areas o
Slide 21: Cascades - Potential Targets for Future Program
21 Cascades - Potential Targets for Future Program • 17 drill targets delineated by DFR in early 2021 based on historical exploration database and World View 2 imagery • Numerous targets from mapping, geochemistry and geophysics • We have only scratched the surface in our evaluation exercise at the
Slide 22: Cascades - Potential Targets for Future Program
22 Cascades - Potential Targets for Future Program • WorldView2 imagery purchased in 2021 revealed significant artisanal activity across the Wuo Land licence and extending beyond to the east and south • As a result an option on the Wuo Land 2 concession acquired in 2022 • Low-cost high-resolution dr
Slide 23: Capital Structure
23 Capital Structure Share Price CAD 0.13 Market Cap CAD 23.6 million DFR Gold – Share Structure Shares Outstanding 181,670,852 Fully Diluted 199,020,852 TSX Venture Exchange symbol TSX-V/DFR Share Structure and Share Price current at 1st February 2023
Slide 24: Other Projects
=>) Appendix Other Projects
Slide 25: Kalaka Gold Project, Mali
25 25 Kalaka Gold Project, Mali • Potentially very large gold deposit supported by evidence from drilling • Located between Morila gold mine (7Moz, Barrick/AngloGold) 55km and Syama gold mine (6Moz Resolute) 85km. • Banifin Shear Zone can be traced for over 250km from the start of the Birimian crato
Slide 26: Kalaka – K1A Target
26 Kalaka – K1A Target • Large low grade gold deposit with potential for higher grade zones • 750m x 150m x 200m+ deep • Very low strip ratio • Averages approximately 0.5g/t Au • Diamond Drill intersections include: • 249.3m @ 0.54g/t Au from 52m (to end of hole) including [email protected]/t Au from 107m •
Slide 27: Nigeria – Gurara Joint Venture
27 Nigeria – Gurara Joint Venture • Four licences in two projects areas, the Dagma and Paimasa projects lie at southern end of Kushaka belt • DFR holds an indirect interest of 25.5% with an option to earn up to a 32.5% indirect interest. Panthera owns an equal indirect interest and assume operatorsh
Slide 28: Nigeria – Dagma Project
28 Nigeria – Dagma Project • First drilling in the licence area in 2019 • Drilling tested easterly dipping vein swarm from which bulk sample of vein quartz average assay of 22.2g/t • Drilling confirmed the down dip extension of the vein swarm but assays did not reflect the high grades at surface • B
Slide 29: Beravina, Madagascar
29 Beravina, Madagascar • Hard rock zircon deposit, western Madagascar • DFR holds 100% interest • NI 43-101 compliant Inferred Mineral Resource Estimate * • 1.5 million tons at 22.7% zircon (ZrSiO4) • Potentially direct shipping ore • Further exploration potential • Follow up license wide soil camp
Slide 30: Beravina, Madagascar
30 Beravina, Madagascar • Multispectral remote sensing study in 2022 has identified numerous anomalies with multi-element signatures similar to Beravina hill • 2023 exploration will evaluate potential for additional zircon bearing pegmatites • Inexpensive geochemical sampling soil and rock on select
Slide 31: Namibia Diamonds
31 Namibia Diamonds • Disposal of Namibian licences announced on 28 November 2022, subject to TSXV approval (Approval confirmed on 8 February 2023) • 2 licences owned through a 100% owned Namibian subsidiary, including ML111 • 1 shallow water mining licence owned as to 70% (the other 30% is owned by