Lake Victoria Gold Ltd · TSXV:LVG
Lake Victoria Gold — Investor Presentation (March 2024)
41 slides from Lake Victoria Gold's investor presentation, March 2024
Slide 1: Lake Victoria Gold: Transitioning to Production Q1 2024
LAKEVICTORIAGOLD.COM LAKE VICTORIA GOLD TRANSITIONING TO PRODUCTION Q1 2024 TSX-V: LVG 1
Slide 2: Forward-looking statements and historical resource notice
This presentation includes certain statements that may be deemed forward-looking. All A qualified person has not done sufficient work to classify the Historical Resource statements in this presentation, other than statements of historical facts, that address future Estimate as current mineral resour
Slide 3: Share structure and pro forma ownership
26% TAIFA GROUP 52 WEEK RANGE C$0.15 – C$0.30 BARRICK GOLD CORP. 3% SHARES ISSUED AND OUTSTANDING 105,371,345 OPTIONS 2,922,334 SHARES TO BE ISSUED FOR IMWELO 23,800,000 23% ACQUISITION @ $0.22 MANAGEMENT & INSIDERS BONUS SHARES RESERVED FOR IMWELO ACQUISITION 4,545,454 16% IMWELO ACQUISTION TAIFA P
Slide 4: Management: Simon Benstead and Seth Dickinson
SIMON BENSTEAD | CFO, EXECUTIVE CHAIRMAN SETH DICKINSON | COO & DIRECTOR Simon Benstead is an entrepreneur and investor with 25 years of capital markets With 30 years of mining experience including mine management, contract mining, and senior management experience across a broad spectrum of industri
Slide 5: Hendrik Meiring, Exploration Manager
HENDRIK MEIRING | EXPLORATION MANAGER Lake Victoria Gold has Hendrik is an exploration and mining geologist with 32 years of experience across the African continent and Australia Pacific. His multi-commodity experience, and, in greenstone and shear-zone hosted gold deposits provides him with assembl
Slide 6: Board: Bob Foster, Emma Priestley, Ian Stalker
BOB FOSTER EMMA PRIESTLEY IAN STALKER • Geologist with more than 40 years of experience • Currently the Chief Executive Officer, Executive • Currently a Director (formerly CEO & Director) of K92 Mining, Director of GoldStone Resources Ltd, (“GoldStone”), purchased from Barrick for $2million in 2014,
Slide 7: Tanzania mining environment
Stable political environment, attracting International capital and expertise through Mining is a crucial sector for Tanzania, generating more than US$2.5 billion improved bureaucratic processes and support, the government recognizing that annually and accounting for over 50% of the country’s exports
Slide 8: * See disclaimer * See disclaimer
* See disclaimer * See disclaimer
Slide 9: Tembo Gold Project, Lake Victoria Goldfield
G OLD PROJE C T LOCATION SIZE: RESOURCE NEAREST MINE LAKE 32 sq km Au BULYANHULU BARRICK GOLD CORP. VICTORIA IMMEDIATELY ADJACENT GOLDFIELD TANZANIA
Slide 10: Exploration spend and drilling to date
• A total of US$28mm has been spent to date on exploration • Approximately 50,000m of drilling completed to-date • Maiden resource underway on three primary targets LAKEVICTORIAGOLD.COM • New discoveries still being made. • Barrick drilling underway TSX-V: LVG 10
Slide 11: Tembo primary targets and drill results
_ NGULA1TARGET TEMBO GOLD PROJECT PRIMARY E ION - Fs B yotee By. 600m Strike, cpen at depth and both ends TOS Bh5t25 | 64p013,765m | 41Rc 7,623m TDDO054: 8.179/t Au over 11.05m from 116.96m; TDD0041;: 22.18g/t Au over 15.00m from 299.00m; ‘TDD0004: 3.13g/t Au over 25.89m from 41.00m including 4.46g.
Slide 12: Transformational partnership with Barrick
Immediate Balance Sheet Strength A Barrick Gold acquisition of six non-core licences provided the Company with US$6M TRANSFORMATIONAL significant upfront capital PARTNERSHIP WITH THE WORLD’S TOP Unlocking Near Term Value GOLD MINER Barrick has committed to spending US$9M on exploration efforts to de
Slide 13: LAKEVICTORIAGOLD.COM
TSX-V: LVG 13 LAKEVICTORIAGOLD.COM
Slide 14: New artisanal working at Mwasabuka
NEW DISCOVERY NEW ARTISANAL WORKING AT MWASABUKA § An entirely new artisanal working, termed Mwasabuka, has commenced on the direct northwest extension of the Bulyanhulu structural zone associated with Reef 1 and Reef 2 at the mine. § The working has returned an excellent grab sample gold grade aver
Slide 15: Imwelo Gold Project location
G OLD PROJE C T LOCATION SIZE: RESOURCES NEAREST MINE LAKE 22.95 km2 Au GEITA GOLD MINE ANGLOGOLD ASHANTI VICTORIA 12KM EAST GOLDFIELD TANZANIA
Slide 16: Historical resource estimate reference
* See beginning of this presentation for Information Regarding Historical Resource Estimate
Slide 17: Imwelo work completed and drill intercepts
• Total of 28,000m drilled to date IMWDD-003 14.7g/t over 5m from 49m down hole • LVG has spent AUD12M since 2012 IMWRC-009 6.8 g/t over 4m from 62m down hole • Geological mapping, pitting and data validation IMWRC-018 3.5 g/t over 5m from 37m down hole • Geophysical Surveys – magnetic and IP IMWRC-
Slide 18: Imwelo technical summary
TECHNICAL SUMMARY LOCATION TOTAL CURRENT RESOURCE Located in the Lake Victoria goldfield within the Geita greenstone belt, 15km west of Geita Gold Mine of 291,600oz @ 1.92 g/t Anglogold Ashanti 0.5 g/t Cut-Off Grade including: 137,700oz @ 2.32 g/t OVERVIEW MEASURED AND INDICATED • Processing plant d
Slide 19: Imwelo and Dora gold project resources
IMWELO GOLD PROJECT 291,600 ozav@iszgt * uistorica | TOTAL CURRENT RESOURCE ee ewate | 0.50 Gt Cut-Off Grade including: 94,569 oz au@23sait PROBABLE RESERVE fe 137,700 oz au@2x sh Sen MEASURED AND INDICATED 153,900 oz au @ise oft INFERRED : ate All ore zones Feqlire#100M depth drilling = + For Infor
Slide 20: Pre-construction work and capital requirement
PRE-CONSTRUCTION WORK TOTAL CAPITAL REQUIREMENT 4 MONTHS 12 MONTHS $10.2M 4000m DRILL PROGRAM Processing Plant $4,830,000 • 150m and 250m DD and RC holes to define underground ore zone in Area C • North South line of holes west of Area C Fault Exploration and JORC Reports $750,000 Structure • Geotec
Slide 21: Dora Project resource estimate
Dora Project RE S O U RCE E ST IMA T E Combined Dora Mineral Resources Declared as at 10 March 2017 Dora Significant Drill Intercepts (>5 ppm Au) Mineral Resource BHID From To (m) Width (m) Gold (ppm) Company Tonnes Density Au Au Au Area Material Category IDD001 232.85 233.85 1.00 24.00 Kibo Total M
Slide 22: Goal to become a mid-sized gold producer
LVG’S GOAL IS TO BECOME A MID-SIZED GOLD PRODUCER (+100,000oz pa.) IN 5 YEARS. Commence next larger project in Integrate Dora to 1.5 to 2 years LAKEVICTORIAGOLD.COM increase Imwelo after Imwelo has Bring Imwelo Production rate to increased Project into 50,000 oz. pa - 2 production - production in ye
Slide 23: Investor relations contact
CANADA Suite 1305, 1090 West Georgia Street Vancouver, BC, V6E 3V7 Canada Tel: 604-685-9316 TANZANIA Plot 1099 31 Merarani Rd, Masaki Dar es Salaam, Tanzania MOB: 255 767 366 146 INVESTOR RELATIONS Tel: 604-685-9316 [email protected] w w w . te m b og ol d . com
Slide 24: Addendum
Addendum
Slide 25: Target generation with machine learning and AI
TARGET GENERATION USING EXPERT KNOWLEDGE AND STATE-OF-THE- ART MACHINE LEARNING AND AI TECHNOLOGY STATE-OF-THE-ART MACHINE LEARNING AND AI TECHNOLOGY INTEGRATION OF MULTIDISCIPLINARY INTERPRETATION DEFINED NUMEROUS TARGETS AND PROVIDED BASIS FOR PRIORITISATION § A collaboration with Goldspot Discove
Slide 26: Bulyanhulu long section and geology
BULYANHULU LONG SECTION BULYANHULU GEOLOGY RECENT ARTISANAL WORKINGS ALONG THE BULY TREND AT MINERALISED REEFS ALONG STEEPLY DIPPING THE BULY-TEMBO BOUNDARY NORTHWEST STRIKING STRUCTURES TEMBO PROJECT BOUNDARY ~2KM TO THE NORTHWEST LAKEVICTORIAGOLD.COM § A 20-million-ounce narrow-vein shear hosted g
Slide 27: DEM and LiDAR interpretation of targets
DEM and LiDAR INTERPRETATION SHOWING LOCATION OF PRINCIPLE TARGETS AND SECONDARY TARGETS ARISING FROM GOLDSPOT STUDY § 3 principal targets Ngula 1, Nyakagwe Village and Nyakagwe East drilled § Benchmarking of drill results suggests that an Inferred Resource could currently be modelled § Further dril
Slide 28: Ngula target drilling completed
WO5 hates «6400! 41ec COMPLETED 13,765m | 7,623m Best results to date include: TDDOOS4: B,17g/t Au over 11.05m from 116.96m; TDDOOAI: 22.18g/t Au over 15.00m from 299.00m; TDDOOOS: 3.13g/t Au over 25.89m from 41.00m, including 4.46g.t Au over 260m and 9.38g/t Au over 630m. BULYANHULU GOLD MINE BARRI
Slide 29: Ngula target
NGULA 1 TARGET § 250m wide, 600m strike length zone, east- west trending, subvertical, north dipping mineralised shears § Extensive artisanal workings, surface rubble pits and open excavations, shafts to bedrock § Northwest and northeast trending cross structures, control the wider and higher- grade
Slide 30: Ngula target drilling
NGULA 1 TARGET § 20,316m of drilling to date: 13,765m DD, 64 drillholes; 7,623m RC, 41 drillholes § Drilling along 100m spaced section lines, intersecting at a vertical depth of ~50m and ~100m from surface § Drilling undertaken along a 600m strike, zone is open to east and west § Locally in-fill dri
Slide 31: LAKEVICTORIAGOLD.COM
TSX-V: LVG 31 LAKEVICTORIAGOLD.COM
Slide 32: Ngula resource drilling program
NGULA 1 TARGET RESOURCE DRILLING PROGRAM PHASE R1 § Drillholes spaced 100m along strike designed to intersect at 50m, 150m, 250m and 350m down the plane of the structures § In-fill gaps, extend downdip 350m, and to the east § Intersections planned on southern and northern primary east-west trending
Slide 33: Nyakagwe drilling completed
= DRILL : SO xotts | 1900 | Merc COMPLETED 4,257m 1,315m Best results to date include: ane® Arex TDDOOTI: ox BULY EXPL - 9,64g/t Au over 3.95 m from 85.25m, including 24.72g/t Au over 1.45m; a BARRI TDDONON: 78.ig/t Au over 1.00m from 294m; es < ; - a ses TDDOI62: = S 12.96g/t Au over 5.54m from 89.
Slide 34: Nyakagwe Village target
NYAKAGWE VILLAGE TARGET § Comprises a 160m wide, 400m strike length zone of east-west trending, steep, south dipping mineralised shears § Northeast trending cross structures are also noted § Host lithologies are mafic metabasalts § Previously very active artisanal workings, a large open excavation a
Slide 35: Nyakagwe Village completed drilling
NYAKAGWE VILLAGE TARGET COMPLETED DRILLING § 4,898m of drilling to date: 3,583m DD, 19 drillholes; 1,315m RC, 11 drillholes § Drilling along 100m spaced section lines, entering the target zone at a vertical depth of 50m and 100m from surface § Drilling undertaken along a 300m strike, zone is open to
Slide 36: Nyakagwe East drilling completed
45Sioes | 2500 | 2Orc COMPLETED 7,329m, 2,2383m Best results to date include: including 2 /t Au over 0.42m; TDDOO74: u over 7.46m from 370.46m; TRC234: 5.46g/t Au over 2.00m from 109.0 BULYANHULU GOLD MINE BARRICK GOLD CORP. >
Slide 37: LAKEVICTORIAGOLD.COM
TSX-V: LVG 37 LAKEVICTORIAGOLD.COM
Slide 38: Imwelo project ore zones identified to date
ML538 THE IMWELO PROJECT O RE Z O N E S IDE N T IFIE D T O DA T E LAKEVICTORIAGOLD.COM TSX-V: LVG 38
Slide 39: LAKEVICTORIAGOLD.COM
TSX-V: LVG 39 LAKEVICTORIAGOLD.COM
Slide 40: LAKEVICTORIAGOLD.COM
TSX-V: LVG 40 LAKEVICTORIAGOLD.COM
Slide 41: Imwelo process flowsheet, 90% recovery
THE IMWELO PROJECT PRO CE SS FL O WSH E E T - 90% RE CO V E RY LAKEVICTORIAGOLD.COM TSX-V: LVG 41
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