Sanu Gold Corp. · CSE:SANU
Sanu Gold — Investor Presentation (September 2022)
29 slides from Sanu Gold's investor presentation, Sep 7, 2022
Slide 1: Corporate Presentation September 2022
CORPORATE PRESENTATION September 2022 CSE:SANU S A N U G O L D C O R P . C O M
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation, and in certain documents incorporated by reference in this This information is not intended to be and should not be construed as an presentation, constitute "forward- looking statements". All statements other than statements of historical
Slide 3: Sanu Gold Overview
Sanu Gold Overview 3 High Quality Gold Projects Extensive Gold Drill programs commenced In Guinea, West Africa Anomalies Defined across multiple target areas o Three license total 280 km² with o Systematic termite mound geochemistry – o Daina: multiple target areas between with over 16,000 termite m
Slide 4: About Guinea
About Guinea A country with a long mining history, rich in natural resources: 2021 Guinean Mining Snapshot bauxite, diamonds, gold, uranium and iron ore ~25% of GDP and ~75% of exports attributable to mining New Mining Code (2013): emphasizes governance issues such as transparency, coupled with prov
Slide 5: Guinea's Gold Mining Industry
Guinea’s Gold Mining Industry The Siguiri Basin - Host to several major gold mines More than 500,00 oz and recent multi-million oz gold discovery¹: of gold produced annually Estimated reserves of 25M oz of gold, Siguiri Mine predominantly in the Siguiri Basin • 258 koz gold produced in 2021 • 6.38 M
Slide 6: Guinea's Latest Gold Discovery
Guinea’s Latest Gold Discovery Drill testing of surface geochemistry Predictive Discovery (ASX) – Bankan Project delivered the greenfield discovery announced in April 2020 18 months w/ Significant widths and grades $10M USD spend intercepted over a 1600m strike length August 24, 2022 for 3.6M oz Au
Slide 7: Three drill-ready exploration projects
Three drill-ready exploration projects: Daina, Diguifara and Bantabaye Daina Diguifara Overview Lefa (Nordgold) 7.8M oz Au Located in an emerging Tier 1 gold district Total of 280 km² Bantabaye Earn-in agreements Siguiri (Anglo Gold) Siguiri 6.4M oz Au Targets between 2-10 km in strike length on eac
Slide 8: Daina Property Overview
Daina Property Overview Peak values in termite samples of +8g/t Au +11,000 termite mound samples collected Results define six high priority target areas with individual anomalies extending over 10 km in strike and 300 m width Gold consistently anomalous, with samples >0.5g/t Au common • 40 termite m
Slide 9: Daina RC Drilling
Daina RC Drilling Drilling underway to test initial 1 km of potentially 4.5 km long mineralized corridor 15 holes (~1,500m) competed on Daina 2 target – assays pending Large zones of deformation, hydrothermal alteration and quartz veining with disseminated sulphides in completed drillholes Additiona
Slide 10: Daina in Action
Daina in Action Sample media – termite mound Daina 2 Target Daina 2 Target 12.5 g/t Au Daina 6 Target Daina 2 Target 8.32 g/t Au CSE:SANU | 10
Slide 11: Diguifara Property Overview
Legend Diguifara Property Boundary Gold Anomalies (>200 ppb_au) Property Overview Fault Shear Zone Artisanal Mining Peak values in termite samples of +10g/t Au * Target Area +3000 termite mound samples collected +8 km of gold anomalous structure defined 17 km Gold consistently anomalous, with sample
Slide 12: Diguifara in Action
Diguifara in Action Quartz veins associated with deformed and hydrothermally altered volcanoclastic rock samples returned gold values up to 2.26 g/t and 2.96 g/t Au * See Appendix “Project Sample Specifications” for more information CSE:SANU | 12
Slide 13: Bantabaye Property Overview
Bantabaye Property Overview Peak values in termite samples of +2 g/t Au * +2,500 historic termite mound samples +5 km of gold anomalous structure defined Gold consistently anomalous, with samples >0.5g/t Au common Small scale artisanal mining common throughout the permit Peak values in rock samples
Slide 14: Bantabaye Target Areas
Bantabaye Target Areas 7 target areas defined Extensive artisanal mining Attractive structural setting 3.6 km Legend Strong alteration showing in artisanal mine workings Property Boundary Gold Anomalies (>200 ppb_au) Fault Thrusts Shear Zone Artisanal Mining Target Area 6.5 km 4 km CSE:SANU | 14
Slide 15: Bantabaye in Action: Target
Bantabaye in Action: Target * See Appendix “Project Sample Specifications” for more information Highly sheared volcanocalstic rock. Shear zones along the thrust fault. Altered and mineralized sub-surface rock Sub-surface samples returned values Sub-surface samples returned samples returned values in
Slide 16: Bantabaye in Action: Target
Bantabaye in Action: Target Brecciated sandstone showing intense hydrothermal alteration and hosting gold mineralization targeted by local miners. Sub-surface samples collected returned values of 5.92 g/t, 2.49 g/t and 2.54 g/t Au* * See Appendix “Project Sample Specifications” for more information
Slide 17: Work Program
Work Program >35,000m of Auger 10,000-15,000m of RC drilling Drilling underway underway SEPTEMBER 2022 H2 2021 H1 2022 H2 2022 H1 2023 Daina Initial Target Definition Complete Auger Drilling 10,832m Target Drilling (RC & DD) >5,000m ASSAYS ADDITIONAL DRILLING - TBC Diguifara Initial Target Definitio
Slide 18: Board of Directors
Board of Directors Vince Martin Fatou Galen Sorace Pawlitschek Gueye McNamara Executive Director, Director, Director Chairman Co-Founder Co-Founder o Mining and technology entrepreneur o International mining professional o Extensive experience as a senior o Entrepreneur and Geologist with with over
Slide 19: Management
Management Martin Pawlitschek President & CEO, Director Vince Sorace Executive Chairman Fiona Childe Serigne Dieng Sekou Traoré Gavin Cooper PhD, PGeo PhD, MAIG CFA, CA VP, Corporate Development Exploration Manager General Manager CFO and Communications o Mining professional with a focus on o Mining
Slide 20: Advisory Board
Advisory Board Dusko Ljubojevic Brett Richards Peter Flindell Advisor, Advisor Advisor Co-Founder o Experienced resource industry executive and o Over 34 years of experience in mining and o 35 years of experience in mineral exploration geologist with over 15 years of broad metals including mine fina
Slide 21: Capital Structure
Capital Structure Founders, Management & Insiders 51% Share Price (as of Sept 6, 2022) $0.37 Common Shares 58.34M (Issued and Outstanding) Stock Options 5.27M Shares Fully Diluted 63.61M Market Cap $21.6M (Issued and Outstanding as of Sept 6, 2022) High-Net Worth Individuals 23% Institutional 26% CS
Slide 22: Sanu in the Community
Sanu in the Community Sanu is committed to making a positive impact in the local communities Sanu is proud to have established an open dialogue and good working relationship with the communities in which we operate Current initiatives include: Hiring from the local workforces Supporting local busine
Slide 23: 5 Reasons to Invest in Sanu
5 Reasons to Invest in Sanu 1 Experienced and established team based in West Africa and Canada 2 Three high-quality gold projects in a region with multiple multi-million ounce gold deposits 3 Extensive gold anomalies defined by systematic exploration on all 3 projects: significant targets emerging 4
Slide 24: For more information
CSE:SANU For more information [email protected] S A N U G O L D C O R P . C O M
Slide 25: Strike Length Comparison
Strike Length Comparison Mined areas vs Sanu gold anomalies Mined footprints Mined footprints Gold Anomalies Gold Anomalies (>200 ppb_au) (>200 ppb_au) 6.2 km Gold Anomalies (>200 ppb_au) 11.9 km 14.5 km 15.6 km 13.3 km Assays pending on ~4,000 termite samples collected in 2021 4 km 4 km 4 km 4 km 4
Slide 26: Clear of Protected Lands
Clear of Protected Lands Diguifara Siguiri Anglo Gold Daina Lefa Nordgold All 3 of Sanu’s properties are Tri-K Deposit Bantabaye Managem clear of protected lands G U I N E A Bankan Kiniero PDI Sycamore 200 km CSE:SANU | 26
Slide 27: Earn-In Option Key Terms
Earn-In Option Key Terms Stage 1 Stage 2 Stage 3 Stage 4 USD $400,000 expenditure USD $600,000 additional USD $1 million of additional Completion of a DFS per permit in 18 months to expenditure per permit expenditure OR definition of to reach an 85% interest reach a 51% interest within a further 18
Slide 28: Project Sample Specifications
Project Sample Specifications TYPE NUMBER PEAK AREA PROJECT OF SAMPLE RANGE OF SAMPLES VALUE TESTED Termite 0.1 to 2,000 ppb 6,368 2 g/t Northern Bantabaye Bantabaye Pits 0.1 to 18.3 g/t 65 18.3g/t Northern Bantabaye Rock Chips 0.1 to 630 ppb 123 0.63 g/t BantabayePermit Termite 0.1 to 10.932 g/t 5,
Slide 29: Tenement Schedule
Tenement Schedule PERMIT NAME AREA SIZE (km2) PERMIT’S HOLDER CODE ARRETÉ GRANT DATE 1ST RENEWAL 2ND RENEWAL FINAL DATE DATE DATE Societe Ressources Bantabaye Kouroussa 99.9 Mining Sarl 22442 A2018/5734/MMG/SG G 12 Sep 2018 11 Sep 2021 10 Sep 2023 9 Sep 2025 Nature Exploration & Diguifara Siguiri 80