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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
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.
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%
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
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
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)
TSX: HRT7
TOP QUARTILE GRADE
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rom
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(g/t
)
QUARTILE 1 QUARTILE 2 QUARTILE 3 QUARTILE 4
Source: Analyst estimates, public company information, as at December 2018
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
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
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
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
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
TSX: HRT13
MILL DESIGN AND CONSTRUCTION
CRUSHER AND MILL DESIGN CIVIL EARTHWORKS COMPLETED
CONCRETE POURED MILL STRUCTURE ERECTED
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
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
TSX: HRT16
NEAR MINE MINERALIZATION2017 DRILL PROGRAM SIGNIFICANTLY EXPANDED KNOWN MINERALIZATION
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
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
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
TSX: HRT
G O L D C O R P