South Atlantic Gold, Inc. · TSXV:SAO
South Atlantic Gold — Investor Presentation (January 2024)
26 slides from South Atlantic Gold's investor presentation, January 2024
Slide 1: Exploring High-Grade Gold in Brazil
EXPLORING OPPORTUNITIES EXPLORING HIGH-GRADE GOLD IN BRAZIL JANUARY 2024
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS TSXV: SAO| 01 This presentation includes "forward-looking information" within the meaning of applicable Canadian Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, securities legislation. All statements other than statements of histo
Slide 3: Exploring for High-Grade Gold in Brazil & Farmed-Out Project in Canada
EXPLORING OPPORTUNITIES TSXV: SAO | 3 EXPLORING FOR HIGH- Big Kidd Project (BC, Canada) GRADE GOLD IN BRAZIL ✓ Project under Farm-Out Agreement ✓ $4.8 million in total consideration & FARMED-OUT PROJECT ✓ Provides steady non-dilutive cash-flow for South Atlantic for a period of at least 5 IN CANADA
Slide 4: Management & Board of Directors
MANAGEMENT & BOARD OF DIRECTORS TSXV: SAO | 4 Douglas Meirelles Marc Leduc (P. Eng.) President, CEO and Director Director, Lead of Technical Committee • Over 16 years of experience in management roles of publicly traded mining companies in • Mining engineer and geologist with over 30 years of experi
Slide 5: Capital Markets Profile
CAPITAL MARKETS PROFILE TSXV: SAO | 5 Insiders Ticker TSX-V: SAO 7.6% Retail 22.2% Share Price ( 5/JAN/2024 ) C$0.020 52-Week Trading Range C$0.015 – C$0.075 Basic Shares Outstanding 109,565M Shares 10 Day Avg Vol. 274K Structure1 Warrants 16.1M FD Shares Outstanding 118.9M Market Capitalization (Ba
Slide 6: ESG – Environmental Social and Governance
ESG – ENVIRONMENTAL SOCIAL AND GOVERNANCE TSXV: SAO | 6 Our vision and approach Relations with civil society Organizations - Consumer relations Global warming - Carbon emissions Relationship and community I. We actively engage in proper communication Air and water pollution - Biodiversity developmen
Slide 7: Why Brazil?
WHY BRAZIL? TSXV: SAO | 7 An under-explored jurisdiction o Brazil has a long history of mining, with a dedicated mining agency (ANM) as an integral part of the government. o Opportunity for consolidation and amalgamation of highly prospective targets. o CEO Douglas Meirelles has over 16 years of suc
Slide 8: Why SAO? Why Now?
WHY SAO? WHY NOW? TSXV: SAO | 8 Investment Experienced Project Potential Phase III Opportunity Management Exploration ✓ Massive Land Size ✓Very Attractive Entry ✓ Skilled Leadership ✓ Budget-Dependant ✓ Clear Potential from Mag & Point Surface Surveys ✓ Previous Successes in ✓ Two Main Goals: Identi
Slide 9: Pedra Branca Project
PEDRA BRANCA PROJECT CEARÁ STATE, BRAZIL High-grade, near-surface gold resource & open-pit potential ✓ Large property (48,828 ha). ✓ Many wide, near-surface high grade zones: 18m @ 3.81 g/t Au; 19.6m @ 4.75 g/t Au; 16m @ 3.27 g/t Au; 17m @ 1.54 g/t Au; 13m @ 5.34 g/t Au. ✓ Maiden resource 4.0Mt @ 1.
Slide 10: Large Property Near Key Infrastructure
LARGE PROPERTY NEAR KEY INFRASTRUCTURE TSXV: SAO| 10 ✓ Located in the pro-business state of Ceará. ✓ 3 towns radius within 40km from project. (~pop. 110,000). ✓ Accessible via paved road, 280 km via highway BR-020 to ✓ Power lines, water, supply centers and labor all within nearby state capital - Fo
Slide 11: Government Cooperation Agreement
GOVERNMENT COOPERATION AGREEMENT TSXV: SAO| 11 ✓ Ceará government pledged to aid South Atlantic with permitting, license reviews and most importantly, financial support that would advance the construction of a small-scale mining operation at Pedra Branca which includes upwards of R$120 Million (C$30
Slide 12: Tenements & Licenses Details
TENEMENTS & LICENSES DETAILS TSXV: SAO| 12 Tenements & Licenses in Good Standing Current Stages for All Tenements Within Brazil National Mining Agency (ANM) 3 18 Tenements Powerline Infrastructure Tenements 3 Tenements 6 Construction & Tenements Environmental Commissioning Mining Operating Milestone
Slide 13: West-African Shields
WEST-AFRICAN SHIELDS TSXV: SAO| 13 Extensive Potential from West Africa (PB – Pedra Branca) Pedra Branca Footprint TM This greenstone–hosted gold mineralization of the Troia Massif is associated with structurally–controlled quartz veins and high–temperature hydrothermal assemblage (diopside, hornble
Slide 14: Pedra Branca Greenstone Belt
PEDRA BRANCA GREENSTONE BELT TSXV: SAO| 14 Greenstone Belt of Ceará South Atlantic holds the dominant position of the entire Troia-Greenstone Belt within Ceará State. Troia Massif Ceará State. Main Trends Pedra Branca Boundary Greenstone Belt Boundary
Slide 15: Cadillac Break vs Pedra Branca
Cadillac Break vs Pedra Branca TSXV: SAO| 15 1 5 The Shear Size of Pedra Branca project has a length of 60 km (Red Line) - all held by South Atlantic Gold. Cadillac Fault Zone in Canada.
Slide 16: 3 Main Resource Targets
3 MAIN RESOURCE TARGETS TSXV: SAO| 16 Queimadas, Igrejinha and Mirador Gold found in: Igrejinha • Quartz veinlets in parallel inside the Coelhos-Queimadas target. • Meter-wide quartz veins at the Mirador Queimadas and Igrejinha targets. Trend N20E: Mineralization extends from surface and is continuo
Slide 17: Geophysical Survey & Zoom In
GEOPHYSICAL SURVEY & ZOOM IN TSXV: SAO| 17 North Block Zoom New Anomalous Trends to be Evaluated
Slide 18: Further Zoom In
FURTHER ZOOM IN Resource Overlay with Declared Resource TSXV: SAO| 18 1 9 ✓ Positive anomaly of UAV Mag Survey confirmed mineralization potential from previous drilled areas which indicates new (undiscovered) prospective mineralization lineaments extensions from the main trend. ✓ Exploration results
Slide 19: Long-Section of Queimadas
LONG-SECTION OF QUEIMADAS TSXV: SAO| 19 1 9 Average Drilling 60 Meters Depth “Only a Fraction of True Potential”
Slide 20: Exploration Stages
EXPLORATION STAGES TSXV: SAO| 20 Overall Status of Completed Phases and Potential Future Exploration Phases ✓ Exploration Phase 1 (Completed) - Maiden Resource of 180,000 ounces Au averaging 30 meters depth, at a cost of USD 7 per ounce. ✓ Exploration Phase 2 (Completed) – Identified 9 new targets f
Slide 21: Consolidated Exploration Results
CONSOLIDATED EXPLORATION RESULTS TSXV: SAO| 21 22 Over +200 drilling samples with positive exploration results >50ppb (0.05 g/t) Au Best drill intercepts averaging 30m depth include: Igrejinha 4m @ 30 g/t Au incl 1m @ 118 g/t Au 13m @ 5.34 g/t Au incl 2m @ 34 g/t Au Initial Resource 18m @ 0.86 g/t A
Slide 22: Consolidated Database Overview
CONSOLIDATED DATABASE OVERVIEW Drilling Highlights Soil Line Samples: 37,381 Trenches: • Total: 34,473 meters • Samples: 15,640 Drilling : • Total Drilling: 15,592 meters • Total Assays: 10,253 • DDH (Diamond Drilling): 8,913 meters • RC (RC Drilling): 6,679 meters
Slide 23: Phase III Exploration Potential
PHASE III EXPLORATION POTENTIAL TSXV: SAO| 23 Clear Path – Exploration Drilling to Add Ounces Extension Drilling i. Step-out & Extension Drilling and Trenching Program. ii. Potential for depth drilling with over 100 meters depth. (Current resource at average Extension Drilling 30 meters depth). iii.
Slide 24: Big Kidd Project
EXPLORING OPPORTUNITIES BIG KIDD PROJECT High-grade Cu-Au in a Tier 1 jurisdiction Project under farm-out agreement with Quetzal Copper Inc. Total consideration of CAD 4,8 million and a 2% NSR “Net Smelter Royalty”. Cash payments totaling CAD 1,3 million during the first five years. Milestones of Pr
Slide 25: TSX V: SAO
EXPLORING OPPORTUNITIES TSX V: SAO ATTRACTIVE ENTRY POINT EXPERIENCED HIGH-GRADE FOR 2 EXCITING CLEAR LEADERSHIP GOLD IN BRAZIL EXPLORATION EXPLORATION & WITH DEFINED OPPORTUNITIES GROWTH PATH GOAL southatlanticgold.com
Slide 26: Explore. Grow. Sustainably.
EXPLORE. GROW. SUSTAINABLY. SouthAtlanticGold.com | Tel: +1 250 762-5777 | [email protected] Follow Us:
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