Liberty Gold Corp · TSX:LGD
Liberty Gold — Investor Presentation (January 2024)
24 slides from Liberty Gold's investor presentation, January 2024
Slide 1: Discovering and Developing Oxide Gold in Idaho
Discovering and Developing Oxide Gold in Idaho Bringing Black Pine Back into Production January 2024 TSX:LGD | OTCQX:LGDTF
Slide 2: Cautionary Notes & Technical Disclosures
Cautionary Notes & Technical Disclosures All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to Liberty Gold within the meaning of Unless stated otherwise, information of a scientific or technical nature in this presentation r
Slide 3: People
People Board of Directors Rob Pease – Board Chair Cal Everett – CEO & Director Lisa Wade Former President & CEO of Founder, former President & Former VP, Environmental, Sabina Gold & Silver; CEO of Axemen Resource Reclamation and Closure at Former Strategic Advisor Capital; Former Institutional Gold
Slide 4: Corporate Overview
Corporate Overview Capital Structure Ownership Structure Analyst Coverage Millions Brian Quast Shares Outstanding 345.0 Institutions 36.0% and Funds Peter Bell Options Outstanding 18.6 Jon Egilo Wheaton Lauren McConnell Fully Diluted 374.0 5.8% (Includes 8.3 million RSUs & 2.1 million DSUs) Precious
Slide 5: 2024: A Transformative Year for Black Pine
2024: A Transformative Year for Black Pine BLACK PINE SUMMARY • A past producing, heap leach oxide gold mine in Southern Idaho • A Liberty Gold track record at Black Pine of OXIDE GOLD resource growth • 2023 Resource: 2.6M oz Au Indicated; 0.48M oz Au Inferred(1) • A development pathway aimed at an
Slide 6: High Grade Oxide Gold Black Pine Drill Intercepts
High Grade Oxide Gold Black Pine Drill Intercepts SIGNIFICANT DRILL INTERCEPTS OVER 100 GRAM-METRES: • Describe a strong and extensive gold system to the limit of drill testing • Across all zones on the property • Over a 6 x 3 km footprint Liberty Gold Drilling - Higher Grades than Historic Holes Ra
Slide 7: Oxide Gold Resource vs Permit Growth
Black Pine Oxide Gold Resource vs Permit Growth Permit expansion has preceded discovery and resource growth (1) at Black Pine: • Plan of Operations (PoO) #4 anticipated H1 2024 • Permitted road and pad area increased by 36% • Drill access area increased by 40% to 40.3 km2 (1) See press releases date
Slide 8: Oxide Gold Upside Targets
Black Pine Oxide Gold Upside Targets 2024 drill targeting based on the Rangefront discovery model: • Middle Plate rocks (green) host gold • Upper Plate rocks (yellow) mask underlying gold resources • Multiple strong, parallel gold mineralization trends in exposed Middle Plate rocks extend under cove
Slide 9: Black Pine Mineral Resource February 2023
Black Pine Mineral Resource February 2023 At a 0.2 g/t cut-off, the Mineral Resource contains (1) (2): • An Indicated 157.3 million tonnes grading 0.52 g/t Au, containing 2,613,000 ounces of gold. • An Inferred 35.2 million tonnes grading 0.43 g/t Au, containing 483,000 ounces of gold. A high-grade
Slide 10: Mineral Resource Sensitivity Analysis Tables
Black Pine Mineral Resource February 2023 Sensitivity Analysis Tables Resource Grade Distribution Within 0.2 g/t Au Pit Sensitivity Analysis Using Lower Cut-Off Grades Block cut- Block cut- Classification Tonnes g/t Au oz Au Classification Tonnes g/t Au oz Au off grade off grade Indicated 157,267,00
Slide 11: Bringing Black Pine Back to Production
Bringing Black Pine Back to Production • Located in mining-friendly Idaho with excellent project access and strong local community relationship • Pre-Feasibility Study completion 2024 • 100% of Process Water Rights secured • Power supply at mine gate • No timber values, no threatened nor endangered
Slide 12: Appendix
Black Pine Appendix 12
Slide 13: Mineral Resource By Zone
Black Pine Mineral Resource February 2023 (1) Black Pine Mineral Resource By Zone % Total Zone Classification Tonnes g/t Au oz Au % Ind & Inf Resource Indicated 86,275,000 0.54 1,498,000 93 Discovery Zone 52 Inferred 8,283,000 0.40 107,000 7 Indicated 46,581,000 0.49 732,000 86 Rangefront Zone 27 In
Slide 14: Discovery Zone Cross Section
Black Pine Mineral Resource Discovery Zone Cross Section 14 TSX:LGD | OTCQX:LGDTF
Slide 15: Rangefront Zone Cross Section
Black Pine Mineral Resource Rangefront Zone Cross Section 15 TSX:LGD | OTCQX:LGDTF
Slide 16: Black Pine – Metallurgy and Mineral Processing
Black Pine – Metallurgy and Mineral Processing • 4 Phases of column test work completed on bulk samples and large-diameter drill core composites • Rapid gold extraction with >80% of leachable gold extracted within 10 days is characteristic of the deposit • Predictable correlation between head grade
Slide 17: Black Pine Pre-feasibility Study Key Elements
Black Pine Pre-feasibility Study Key Elements Pre-feasibility Study Teams M3 Lead, Infrastructure, cost estimate, • Pre-feasibility Study (“PFS”) delivery early Q3 2024 financials, study & project • Open pit run of mine heap leach operation targeting SLR Mineral Resource Estimate ̶ +400 million tonn
Slide 18: Indicative Permitting Timeline – Black Pine
Indicative Permitting Timeline – Black Pine Environmental Baseline Mine Plan Draft Final Decision Notice Stakeholder Stakeholder PFS of of Intent Engagement EIS Engagement Notice Operations EIS Agency, Public, NGO Engagement Complete Submit Draft Award NEPA Engage NGOs & Draft Release DEIS Address D
Slide 19: Goldstrike Southwestern Utah
Goldstrike Southwestern Utah 19
Slide 20: Goldstrike Overview
Goldstrike Overview • Located in mining-friendly SW Utah, 50 km by road NW of St. George • 72 km2 land package • 100% owned, 2.5% NSR acquired for C$7.2M • Good project access; remote area • Previously mined and reclaimed • No timber values; no water in the mineralized area; no threatened nor endang
Slide 21: TV Tower Western Türkiye
TV Tower Western Türkiye 21
Slide 22: TV Tower Overview
TV Tower Overview World Class Mineral Resources • A significant mineral resource has already been defined in the indicated and inferred resource categories District Scale Potential over six oxide and sulphide deposits - Indicated resource totalling 2.08 million ounces of gold equivalent - Inferred r
Slide 23: Sustainable Exploration & Development
Sustainable Exploration & Development Our Values • We place people first • We grow hand in hand with the communities around us • We build for a net positive impact • We lead with integrity, transparency & accountability Our Purpose In September 2023, we published the 2nd Annual Environmental, Social
Slide 24: Contact Details
Contact Details Corporate Inquiries 604.632.4677 [email protected] TSX:LGD | OTCQX:LGDTF 610– 815 West Hastings Street Vancouver, BC V6C 1B4 www.libertygold.ca