20
Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration

G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

Corporate Presentation

January 2018TSX: HRT / Frankfurt: H4O

OTC: HRTFF

G O L D C O R P

High Grade Gold Mine Development

and District Scale Exploration

Page 2: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT2

FORWARD LOOKING STATEMENTS

This presentation has been prepared by the Company and includes information from sources believed by

management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the

information set forth herein. The information contained herein is as of the date hereof and is subject to change,

completion or amendment without notice.

This presentation contains forward looking statements, estimates, and projections with respect to the anticipated

future performance of the company that may be deemed to be “forward-looking statements.” These statements,

estimates, and projections reflect various assumptions made by the company concerning anticipated results, which

may or may not prove to be correct. All statements contained in the presentation that address operating

performance, future direction, management and control of the company, events or developments that are expected

to occur in the future (including statements related to earnings, expectations, sales of assets, capital expenditures, or

statements expressing general optimism about future operating results) are forward looking statements. Actual results

could differ materially from those reflected in the forward looking statements contained herein as a result of a variety

of factors, many of which are beyond the Company’s control.

Page 3: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT3

COMPANY SNAPSHOT

CORPORATE STRUCTURE INSTITUTIONAL SUPPORT

Analyst Following:

Major Shareholders1:

Headquartered:

Toronto, Ontario, Canada

Market Cap:

C$263 million (C$0.47 Jan 18th)

Cash Position1:

C$35 million

19.9%

Shares Outstanding:

566 million (Basic)

621 million (Fully Diluted)

Symbol:

HRT: TSX

H4O: FRANKFURT

HRTFF: OTC

Head Office(Toronto)

2.4%

0.9%

Notes;1) Source: Bloomberg, public company filings, as at January 1, 2018

0.6%

7.2%

Page 4: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT4

Stephen G. Roman Chairman, President & CEO;

BA

35+ years

Discovered Gold Eagle, sold to Goldcorp ($1.5B)

Verena Minerals / Belo Sun

– Volta Grande, Black Fox,

Gabriel Resources Limited

PDAC “Bill Dennis Award”

winner, Prospector of the

Year, 2016

George FlachIndependent Consultant;

B.Sc. P.Geo.

30+ years

Discovered / developed gold projects in West

Africa

20Moz Gold Fields

Tarkwa, 4Moz Bogosu

and 2Moz Benso mines in

Ghana

2Moz Goulagou mine in

Burkino Faso

Rein LehariChief Financial Officer;

CPA, CA

30+ years

Previously Partner, PricewaterhouseCoopers

Business valuation, M&A,

corporate finance

EXPERIENCED MANAGEMENT TEAM

Roger J. EmdinVice President, Operations;

P.Eng.

30+ years

Senior management and operating experience

Experience with large

operating mines including

Glencore’s Nickel Rim

South Mine

Chairman CEMI – Center

for Excellence in Mining

Innovation

Page 5: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT5

EXPERIENCED MANAGEMENT TEAM (Cont’d)

Steve BallGeneral Manager, Sugar

Zone Mine; P.Eng.

30+ years

Technical, operations, human resources,

corporate affairs and

project management

Formerly Mine Manager

at Vale’s narrow vein

Coleman Mine and

Voisey’s Bay

Shawn HowarthVice President, Corporate

Development; MBA, B.Eng.

15+ years

Experience in corporate finance, corporate

strategy and valuations

Formerly an investment

banker with Standard

Chartered Bank

Tim CampbellVice President & Secretary;

BA Hons.

20+ years

Government & Permitting

First Nations & Community

consultation

Corporate finance

Regulatory compliance

Bob KusinsResource Geologist;

P.Geo.

35+ years

Underground mine geologist, geological

database management,

modelling and resource

estimation

Formerly Chief

underground geologist at

Barrick’s Hemlo Mine

Page 6: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT6

SUGAR ZONE SURROUNDED BY PRODUCING ASSETS GEOGRAPHIC LOCATION

ON A SIGNIFICANT GREENSTONE BELT, HISTORICALLY PROLIFIC GOLD MINING REGION

DISTRICT SCALE POTENTIAL

Company Asset StatusApprox. Distance

to Harte (Km)

Barrick Hemlo Operating 60

Alamos Island Gold Operating 80

Wesdome Eagle River Operating 80

Wesdome Mishi Operating 80

Goldcorp Borden Gold Exploration 100

Argonaut Magino Exploration 80

Source: Cantor Fitzgerald

Magino(5.1 Moz)

Page 7: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT7

TOP QUARTILE GRADE

0.00

2.00

4.00

6.00

8.00

10.00

12.00

Da

lra

dia

n

Pu

re G

old

Lio

n O

ne

Ha

rte

Go

ld

Co

ntin

en

tal

Lun

din

Go

ld

IDM

Ga

lwa

y

K92

Osi

sko

(W

ind

fall)

Ma

ritim

e

Go

lde

n R

eig

n

Go

we

st G

old

Ru

bic

on

Sa

bin

a

Sa

tori

Au

ryn

Ro

ckh

av

en

INV

Me

tals

Co

nd

or

Go

ld

Ea

stm

ain

Ca

libre

Min

ing

Alg

old

Go

ldq

ue

st

Pro

be

Ba

rke

rvill

e

Ma

rath

on

Tre

asu

ry

No

va

Go

ld

Sa

ram

a

Orc

a G

old

Re

d P

ine

Nig

hth

aw

k

Am

arilo

Ca

lifo

rnia

Mid

as

Atla

ntic

Fa

lco

First

Min

ing

Co

lum

bu

s

We

st A

fric

an

Gra

na

da

Go

ld

Au

rvis

ta

Me

ad

ow

Ba

y

Ske

en

a R

eso

urc

es

Ga

brie

l

Be

lo S

un

Tim

be

rlin

e

Lup

aka

Pin

ec

rest

Sa

nd

sprin

g

Eu

rosu

n

Asc

ot

Lyd

ian

Fre

eg

old

Exe

ter

Ore

zon

e

Vic

toria

ITH

Ne

wC

ast

le

Go

ld S

tan

da

rd

Lum

ina

Alm

ad

en

Otis

TriM

eta

ls

Ata

ca

ma

Ch

esa

pe

ake

We

st K

irkla

nd

Tera

s

Pilo

t

Co

rvu

s

Eu

rom

ax

Gra

de

(g/t

)

QUARTILE 1 QUARTILE 2 QUARTILE 3 QUARTILE 4

Source: Analyst estimates, public company information, as at December 2018

Page 8: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT8

HARTE GOLD – INVESTMENT HIGHLIGHTS“THREE LEGS ON THE STOOL”

* Preliminary management mine plan estimate

Commercial

Production in 2018

Underground workings developed

to support Phase I Commercial

Production

Target mill completion: H1 2018

Phase I Commercial Production of

540 tpd*: H2 2018

Mineralization defined to below

1,000 meters

Open to the North, South and

down dip

Potential convergence of Sugar

and Middle Zones at depth

Near Mine Resource

GrowthDistrict Scale

Exploration Potential

Several targets on strike and West of

Lake Dayohessarah to follow up on

EM anomalies discovered in 2017 –

significant VMS potential

Defined 80,000 meter drill program

planned for 2018

MIDDLE ZONE

WOLF ZONE

Page 9: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT9

RECAP – LAST 12 MONTHS

Raised $45 million in total investment from Appian

Raised US$15 million investment from Orion

Added three new significant institutional investors to the share register

Analyst coverage from three investment banks

138,000 meters drilled, 8 drill rigs active

Completion of Phase I Underground Mine Development – 100,000 tonnes mined

Initiated property wide exploration – VTEM and HTEM

Land position increased >100% to 80,000 Ha

Resource Development

Capital Markets

Construction

Phase I Commercial Permit issued

Mine development – underground workings completed on five levels

Started surface construction

Recipient of NWOPA “Developer of the Year” Award

2017 WAS A VERY POSITIVE YEAR FOR THE DEVELOPMENT OF HARTE GOLD

0

1,500

3,000

4,500

$0.00

$0.30

$0.60

$0.90

Jan-17 Apr-17 Jul-17 Oct-17 Jan-18

Share Price Performance

HR

T Sh

are

Pri

ce

(C

$)

Sh

are

s Trad

ed

(00

0s)

Relative Share Price Performance (January 2018)

64%

20%

5%

-3%

Harte Gold

Development Peers

TSX

JDXJ

1

1) Selected TSX-listed high grade underground developers

Page 10: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT10

VALUE PROPOSITION

Resource Update / Final Technical Report

Q1 2018

Updated resource including both the Sugar and Middle Zones

Updated mine plan and project economics

Harte Gold Today

Resource (2012) – Upper Sugar Zone

Bulk Sample completed

Mill construction underway

0.53x P/NAV(Analyst)

Project Financing

Q2 2018

Non dilutive, fully financed solution

Several institutions interested in participating in project debt, including gold loans

Commercial Production

H2 2018

Commissioning: Q3 2018

Phase II production target: 540 tpd

Harte Gold

2018 Year End

Emerging producer valuation: 0.8x to 1.0x P/NAV (peers)

Significant resource growth at Sugar and Middle Zones

Exploration upside potential from new zones / discoveries

SEVERAL NEAR-TERM VALUE CATALYSTS FOR INVESTORS TODAY

Page 11: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT11

PHASE II COMMERCIAL PRODUCTION IN 2018

70,000 tonne bulk sample completed, positive results de-risk move to commercial production

30,000 tonne Phase I Commercial Production underground mine development completed

40,000 tonne stockpile on surface, ready to feed mill commissioning, augment production

NI 43-101 Resource Report to include drill results at the Sugar and Middle Zones currently underway

Updated PEA will include new resource model and mine plan also underway

Geology: Drilling in 2017 confirmed continuity, mineralized widths and modelled grades

Mining: Long-hole mining, minimal dilution

Processing: Simple metallurgy and high recoveries

Costs: Mining costs confirmed, capital items contracted and / or paid

Site: Underground and site infrastructure, 20km all weather access road

Surface construction well advanced, mill building scheduled for completion end of January

Page 12: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT12

BULK SAMPLE AND PHASE 1 PRODUCTION AREAS

Fresh Air Raise

NWSE

~ 1,000 Meters

Advanced Exploration Bulk Sample Phase I Commercial Production

150

Meters

Page 13: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT13

MILL DESIGN AND CONSTRUCTION

CRUSHER AND MILL DESIGN CIVIL EARTHWORKS COMPLETED

CONCRETE POURED MILL STRUCTURE ERECTED

Page 14: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT14

FUTURE SITE LAYOUT: SMALL FOOTPRINT (<35 Ha)

Scale: 500 m

Tailings Pond

ADMIN OFFICES & CORE SHED

MILL FOOTPRINT

Coarse Ore Crushing / Conveyance

MINING PORTAL

Page 15: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT15

NEAR-MINE AND PROPERTY-WIDE EXPLORATION

35 Km strike length to be

explored

80,000 hectare land

package

Near-mine targets Sugar,

Middle and Wolf Zones

Several regional exploration

targets identifiedK7

Page 16: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT16

NEAR MINE MINERALIZATION2017 DRILL PROGRAM SIGNIFICANTLY EXPANDED KNOWN MINERALIZATION

Page 17: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT17

NEAR MINE EXPLORATION OPPORTUNITIESTARGET MINERALIZATION AT DEPTH, CONVERGENCE OF SUGAR AND MIDDLE ZONES

Sugar Zone0 m

500 m

1,000 m

1,500 m

North Extension

South Extension

Deep Exploration

2017 Resource Mineralization

Current Infrastructure

Interpreted Gabbro Intrusion

2018 Near Mine Drilling

Ga

bb

ro In

tru

sio

n

Sugar Zone mineralization open to the North, South and down dip

Potential convergence of

Sugar and Middle Zones

Significant drill program planned for 2018 will test these areas

Page 18: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT18

PROPERTY WIDE EXPLORATIONSEVERAL ZONES SHOWING HIGH POTENTIAL FOR SIGNIFICANT MINERALIZATION

Lynx Zone

► On strike, characteristics similar to Sugar and

Middle zones

Moose Zone

► Host rock similar to Barrick’s Hemlo mine

K7 Zone

► New zone discovered, anomalous gold

intersected 200 meters below surface

Eagle Zone

► Property wide 2017 geophysics identified strong

electromagnetic anomaly with VMS potential

Marten Zone

► IP anomaly featurs host rock similar to Barrick’s

Hemlo mine

Fisher Zone

► Initial drill program intersected 40 meters of

anomalous gold on strike with the Sugar Zone

Scale0 5 10

Kilometers

Page 19: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT

TIMELINE

19

Commissioning & Commercial Production

Definition and Exploration Drill Programs

Permitting

Permitting Complete

H1 2018 H2 2018 2019

2019H1 2018 H2 2018

Final Technical Report

Construction

IBA

Updated Resource Estimate

Page 20: G O L D C O R P...Corporate Presentation January 2018 TSX: HRT / Frankfurt: H4O OTC: HRTFF G O L D C O R P High Grade Gold Mine Development and District Scale Exploration 2 TSX: HRT

TSX: HRT

G O L D C O R P