Largest Independent Gold-Only Resource in North America
Working to improve Project announced in 2017 Study* 2019 Work Plan Budget of $3.7 million. Continue the focus on metallurgical studies to better de ne and re ne the project owsheet. 2,000 kg of metallurgical composites being processed: Evaluate the optimum grind size Determine whether di erent recovery parameters should be applied across orebody • • Now preparing an Updated Pre-Feasibility Study 2020-2021 Work Plan • Whittle Enterprise Optimization to identify optimal project configuration • BBA, Inc. to continue as lead consultant • Updated PFS to be complete in October 2021 • Work plan will further de-risk project
BBA Inc. retained to continue guiding metallurgical program. 2017 PFS showed Improved Project (as compared to 2013 Study) • Project size optimized at 52,600 tons/day • 6.8 million ounces of gold produced over 23 years • All-in Costs (AIC) down more than $250/oz to $1,247/oz We will continue to prepare for futu re potential permitting and construction, while also conducting baseline environmental studies. Livengood Gold Project: highly levered to the gold price with the opportunity to be a successful Alaska gold mine for decades for decades to come. Project Metrics based on 2017 PFS • 6.8 million ounces of gold produced over 23 years • Production Costs before Capital $878/oz • All-In-Sustaining Costs (AISC) $976/oz • All-In-Costs (AIC) $1,247/oz • Production Costs before Capital $878/oz • All-in Sustaining Costs (AISC) $976/oz
*April 10, 2017 NI 43-101, Pre-Feasibility Study
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