The document summarizes a corporate presentation for Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- A preliminary economic assessment showed a 12.5 year mine life with average annual production of 207,000 ounces of gold and a post-tax NPV of C$598 million at a gold price of US$1,500.
- The Val-d'Or East project has over 1.8 million ounces of gold in measured and indicated resources and 2.3 million ounces in inferred resources, making it one of the largest gold resources in Val-d'Or, Quebec.
- The company has a large land position in the prolific Abitibi gold belt of Quebec
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project has over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in the inferred category. A preliminary economic assessment outlines an average annual production of 207,000 ounces of gold over a 12.5 year mine life with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. Probe plans a 162,000 meter drill program in 2022, its largest to date, to focus on exploration, expansion, and resource conversion at Val-d'Or East.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project. The project has grown to over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. A preliminary economic assessment outlines a 12.5 year mine life producing an average of 207,000 ounces of gold per year with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. The project has significant exploration potential and is located in the mining-friendly jurisdiction of Quebec near infrastructure.
The document summarizes a corporate presentation for Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- A preliminary economic assessment shows the Val-d'Or East project could have a 12.5 year mine life producing over 207,000 ounces of gold per year on average with a pre-tax NPV of $991 million and IRR of 47.2%.
- Val-d'Or East has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred, making it one of the largest gold resources in the Val-d'Or district.
- The company has consolidated a large land position in the prolific A
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the project could have a 12.5 year mine life producing over 200,000 ounces of gold per year on average with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. The Val-d'Or East project hosts over 1.8 million ounces of gold in the measured and indicated categories and has significant potential for further resource growth.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project hosts over 4 million ounces of gold in measured and indicated resources as well as over 2 million ounces in inferred resources across three deposit trends. Probe is conducting metallurgical testing, environmental and geochemical studies, and a pre-economic assessment to advance the project. The company has over $30 million in cash and a strong management team with a track record of discoveries.
QMX Gold is a Quebec based junior exploration company focused on exploring their extensive and highly prolific Val d’Or Mining Camp in the Abitibi District of Quebec. Building on a broad exploration database, QMX is applying new geological models and systematically exploring new targets.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5 year mine producing over 200,000 ounces of gold per year. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in the inferred category. The project is located in the prolific Abitibi gold belt of Quebec near existing infrastructure. Probe Metals has a strong team with a track record of discoveries and is well positioned to advance Val-d'Or East towards production.
This presentation provides an overview of Probe Metals Inc., a Canadian precious metal exploration company. Some key points:
- Probe Metals was formed in 2015 following the acquisition of Probe Mines Limited by Goldcorp Inc., which remains a 19.7% shareholder.
- The company has a high-calibre management team with extensive experience in the mining industry.
- Probe Metals' main focus and asset is the Borden Gold Project, discovered in 2010. It has seen significant value creation from discovery through exploration success.
- The company also owns the Black Creek Chromite project.
- Probe Metals has $19 million in cash and no debt. Major shareholders include Goldcorp,
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project has over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in the inferred category. A preliminary economic assessment outlines an average annual production of 207,000 ounces of gold over a 12.5 year mine life with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. Probe plans a 162,000 meter drill program in 2022, its largest to date, to focus on exploration, expansion, and resource conversion at Val-d'Or East.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project. The project has grown to over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. A preliminary economic assessment outlines a 12.5 year mine life producing an average of 207,000 ounces of gold per year with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. The project has significant exploration potential and is located in the mining-friendly jurisdiction of Quebec near infrastructure.
The document summarizes a corporate presentation for Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- A preliminary economic assessment shows the Val-d'Or East project could have a 12.5 year mine life producing over 207,000 ounces of gold per year on average with a pre-tax NPV of $991 million and IRR of 47.2%.
- Val-d'Or East has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred, making it one of the largest gold resources in the Val-d'Or district.
- The company has consolidated a large land position in the prolific A
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the project could have a 12.5 year mine life producing over 200,000 ounces of gold per year on average with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500. The Val-d'Or East project hosts over 1.8 million ounces of gold in the measured and indicated categories and has significant potential for further resource growth.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project hosts over 4 million ounces of gold in measured and indicated resources as well as over 2 million ounces in inferred resources across three deposit trends. Probe is conducting metallurgical testing, environmental and geochemical studies, and a pre-economic assessment to advance the project. The company has over $30 million in cash and a strong management team with a track record of discoveries.
QMX Gold is a Quebec based junior exploration company focused on exploring their extensive and highly prolific Val d’Or Mining Camp in the Abitibi District of Quebec. Building on a broad exploration database, QMX is applying new geological models and systematically exploring new targets.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5 year mine producing over 200,000 ounces of gold per year. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in the inferred category. The project is located in the prolific Abitibi gold belt of Quebec near existing infrastructure. Probe Metals has a strong team with a track record of discoveries and is well positioned to advance Val-d'Or East towards production.
This presentation provides an overview of Probe Metals Inc., a Canadian precious metal exploration company. Some key points:
- Probe Metals was formed in 2015 following the acquisition of Probe Mines Limited by Goldcorp Inc., which remains a 19.7% shareholder.
- The company has a high-calibre management team with extensive experience in the mining industry.
- Probe Metals' main focus and asset is the Borden Gold Project, discovered in 2010. It has seen significant value creation from discovery through exploration success.
- The company also owns the Black Creek Chromite project.
- Probe Metals has $19 million in cash and no debt. Major shareholders include Goldcorp,
QMX Gold Corporation is a gold mining company with operations in Manitoba and Quebec, Canada. It owns the producing Lac Herbin gold mine in Val-d'Or, Quebec and the past producing Snow Lake gold mine in Manitoba. The presentation provides details on QMX's properties and projects, including feasibility studies, reserves and resources, exploration plans, and production profiles. It also outlines QMX's recent and upcoming financing plans.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Probe Metals is a well-funded Canadian gold explorer advancing its flagship Val-d'Or East project located in Quebec. A preliminary economic assessment outlines a 12.5 year mine life producing over 200,000 ounces of gold per year with a pre-tax NPV of $991 million and IRR of 47.2% at a gold price of $1,500 per ounce. The project contains over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in inferred. Probe plans a 162,000 meter drill program in 2022, its largest to date, to expand resources and advance the project towards permitting.
The document provides an overview of the Castelo de Sonhos gold project in Brazil being developed by TriStar Gold Inc. Key highlights from the preliminary feasibility study include proven and probable reserves of 1.4 million ounces of gold, average annual production of 121,000 ounces over an 11-year mine life, an after-tax IRR of 28% and NPV of $321 million at a $1,550 gold price. Permitting for the project is underway and submission of the environmental impact assessment and prior license application is estimated for mid-2022.
The document provides an overview of Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- Probe Metals is advancing its Val-d'Or East gold project located in Quebec, within a prolific gold mining belt.
- A preliminary economic assessment showed the potential for an average annual production of 207,000 ounces of gold over a 12.5 year mine life, with robust economics.
- Val-d'Or East has grown to over 1.8 million ounces of gold in measured and indicated resources and 2.3 million ounces in inferred resources.
- The company has a strong balance sheet with over $29 million in cash and investments to advance Val-d'Or East towards
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
ATAC Resources Ltd. Corporate Presentation December 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $6 million in working capital.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The Preliminary Economic Assessment shows an after-tax NPV of C$598M and IRR of 32.8% at a gold price of US$1,500/oz over a 12.5 year mine life producing an average of 207,000 ounces of gold per year. The project has over 1.8M ounces of gold in the measured and indicated categories and 2.3M ounces in inferred.
Osisko Development - Corporate Presentation, December 2021Kevin Connan
Osisko Development Corp. is a premier North American gold mining company with key assets in Canada and Mexico. It has over 6 million ounces of M&I gold resources and 13 million ounces of inferred resources across its portfolio. The company's flagship asset is the Cariboo Gold Project in British Columbia, which is expected to have low capital expenditures and production starting in the next 12-18 months. Osisko Development also owns the near-production San Antonio Gold Project in Mexico and has a pipeline of exploration properties and brownfield sites that can deliver near-term cash flow and long-term growth.
ATAC is a Vancouver-based exploration company focused on exploring for copper and gold in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt) and a positive Preliminary Economic Assessment for the Tiger Gold Deposit.
ATAC is well-financed with approximately $5.5 million in working capital.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project hosts over 4.1 million ounces of gold in measured and indicated and inferred resources across multiple deposits. Resources have grown significantly since 2016 through exploration success. Probe plans to deliver a preliminary economic assessment for the project in Q3 2021 to evaluate its development potential. The company aims to build on its track record of discoveries to unlock value from its large land position in one of Canada's premier gold mining districts.
ATAC Resources Ltd. Corporate Presentation September 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $8 million in working capital.
Probe Metals is a well-funded Canadian gold explorer with a large land position in the Val-d'Or East area of Quebec. The company has significantly increased its gold resource at the Val-d'Or East project from 0.77 million ounces in 2016 to over 3.2 million ounces currently. The project has potential for multiple open pits and underground zones. Probe Metals is led by a management team with a track record of discovery and is exploring strategic development scenarios to realize the value of the large gold resource.
The document discusses the proposed creation of a leading Quebec-Ontario focused gold exploration and development company through the acquisition of Adventure Gold Inc. by Probe Metals Inc. Key points include:
- The combined company would have a large portfolio of properties (>900 km2) across Quebec and Ontario, including the flagship Val-d'Or East project with inferred resources of 770,000 ounces of gold.
- The transaction would bring together experienced management teams and boards with a strong track record. The combined company would have about $22 million in cash and no debt.
- Key shareholders like Goldcorp are supporting the deal, which is expected to close in June 2016 pending shareholder approval. The transaction would create
QMX Gold Corporation is a gold mining company with operations in Manitoba and Quebec, Canada. It owns the producing Lac Herbin gold mine in Val-d'Or, Quebec and the past producing Snow Lake gold mine in Manitoba. The presentation provides details on QMX's properties and projects, including feasibility studies, reserves and resources, exploration plans, and production profiles. It also outlines QMX's recent and upcoming financing plans.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Probe Metals is a well-funded Canadian gold explorer advancing its flagship Val-d'Or East project located in Quebec. A preliminary economic assessment outlines a 12.5 year mine life producing over 200,000 ounces of gold per year with a pre-tax NPV of $991 million and IRR of 47.2% at a gold price of $1,500 per ounce. The project contains over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in inferred. Probe plans a 162,000 meter drill program in 2022, its largest to date, to expand resources and advance the project towards permitting.
The document provides an overview of the Castelo de Sonhos gold project in Brazil being developed by TriStar Gold Inc. Key highlights from the preliminary feasibility study include proven and probable reserves of 1.4 million ounces of gold, average annual production of 121,000 ounces over an 11-year mine life, an after-tax IRR of 28% and NPV of $321 million at a $1,550 gold price. Permitting for the project is underway and submission of the environmental impact assessment and prior license application is estimated for mid-2022.
The document provides an overview of Probe Metals Inc., a well-funded Canadian gold explorer. Key points include:
- Probe Metals is advancing its Val-d'Or East gold project located in Quebec, within a prolific gold mining belt.
- A preliminary economic assessment showed the potential for an average annual production of 207,000 ounces of gold over a 12.5 year mine life, with robust economics.
- Val-d'Or East has grown to over 1.8 million ounces of gold in measured and indicated resources and 2.3 million ounces in inferred resources.
- The company has a strong balance sheet with over $29 million in cash and investments to advance Val-d'Or East towards
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
ATAC Resources Ltd. Corporate Presentation December 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $6 million in working capital.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The Preliminary Economic Assessment shows an after-tax NPV of C$598M and IRR of 32.8% at a gold price of US$1,500/oz over a 12.5 year mine life producing an average of 207,000 ounces of gold per year. The project has over 1.8M ounces of gold in the measured and indicated categories and 2.3M ounces in inferred.
Osisko Development - Corporate Presentation, December 2021Kevin Connan
Osisko Development Corp. is a premier North American gold mining company with key assets in Canada and Mexico. It has over 6 million ounces of M&I gold resources and 13 million ounces of inferred resources across its portfolio. The company's flagship asset is the Cariboo Gold Project in British Columbia, which is expected to have low capital expenditures and production starting in the next 12-18 months. Osisko Development also owns the near-production San Antonio Gold Project in Mexico and has a pipeline of exploration properties and brownfield sites that can deliver near-term cash flow and long-term growth.
ATAC is a Vancouver-based exploration company focused on exploring for copper and gold in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt) and a positive Preliminary Economic Assessment for the Tiger Gold Deposit.
ATAC is well-financed with approximately $5.5 million in working capital.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. The project hosts over 4.1 million ounces of gold in measured and indicated and inferred resources across multiple deposits. Resources have grown significantly since 2016 through exploration success. Probe plans to deliver a preliminary economic assessment for the project in Q3 2021 to evaluate its development potential. The company aims to build on its track record of discoveries to unlock value from its large land position in one of Canada's premier gold mining districts.
ATAC Resources Ltd. Corporate Presentation September 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $8 million in working capital.
Probe Metals is a well-funded Canadian gold explorer with a large land position in the Val-d'Or East area of Quebec. The company has significantly increased its gold resource at the Val-d'Or East project from 0.77 million ounces in 2016 to over 3.2 million ounces currently. The project has potential for multiple open pits and underground zones. Probe Metals is led by a management team with a track record of discovery and is exploring strategic development scenarios to realize the value of the large gold resource.
The document discusses the proposed creation of a leading Quebec-Ontario focused gold exploration and development company through the acquisition of Adventure Gold Inc. by Probe Metals Inc. Key points include:
- The combined company would have a large portfolio of properties (>900 km2) across Quebec and Ontario, including the flagship Val-d'Or East project with inferred resources of 770,000 ounces of gold.
- The transaction would bring together experienced management teams and boards with a strong track record. The combined company would have about $22 million in cash and no debt.
- Key shareholders like Goldcorp are supporting the deal, which is expected to close in June 2016 pending shareholder approval. The transaction would create
Q1 Quarterly Update - April 16, 2024.pdfProbe Gold
Probe Gold achieved several milestones in Q1 2024, including:
1) An updated PEA for its Novador project showing a 23% increase in average annual gold production to 255,000 ounces with a pre-tax NPV of C$1.53 billion.
2) New gold zones discovered at its Courvan property on the Novador project, grading up to 6.2 g/t Au over 13 meters.
3) The acquisition of the Beaufor and McKenzie Break properties, adding over 300,000 ounces of gold resources.
4) Drill results from its La Peltrie property on Detour Quebec intersecting up to 1.17% Cu over 9.5 meters,
Corporate Presentation Probe April 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in Val-d'Or, Quebec. A February 2024 Preliminary Economic Assessment showed robust economics for Novador including an after-tax NPV of C$910 million and IRR of 24.4% at a gold price of $1,750/oz. The PEA outlined average annual production of 255,000 ounces of gold over a 12.6 year mine life. Probe is working to advance Novador toward pre-feasibility and permitting while continuing its drilling program to expand resources.
Corporate Presentation Probe April 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in Val-d'Or, Quebec. A February 2024 PEA showed robust economics for Novador including after-tax NPV of C$910M and IRR of 24.4% at a gold price of $1,750/oz. Resources have grown significantly to over 5M ounces of gold in the measured and indicated categories. Probe aims to advance Novador towards pre-feasibility while continuing its drilling programs and permitting. The company is well positioned to unlock value at its projects in Quebec.
Q1 Probe Gold Quarterly Update- April 2024Probe Gold
1) Probe Gold achieved multiple milestones in Q1 2024 including an updated Preliminary Economic Assessment for its Novador project showing a 23% increase in average annual gold production and higher valuation metrics.
2) Exploration drilling at Novador expanded resources and discovered new high-grade gold zones at the Courvan area, grading over 6.2 g/t Au over 13 metres.
3) The company acquired the Beaufor and McKenzie Break properties adding over 300,000 ounces of gold resources in the measured, indicated and inferred categories.
Corporate Presentation Probe April 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in Val-d'Or, Quebec. A February 2024 Preliminary Economic Assessment showed robust economics for Novador including an after-tax NPV of C$910 million and IRR of 24.4% at a gold price of $1,750/oz. The PEA outlined average annual production of 255,000 ounces of gold over a 12.6 year mine life. Probe Metals has increased Novador's measured and indicated resources to 3.8 million ounces and is advancing the project towards pre-feasibility while continuing its drilling and permitting activities.
PRB Corporate Presentation March 7, 2024Probe Gold
- Probe Metals is a well-funded Canadian gold explorer advancing its key project, the Novador gold project in Val-d'Or, Quebec.
- A February 2024 Preliminary Economic Assessment showed robust economics for the Novador project, including an after-tax NPV of C$910 million and IRR of 24.4% at a gold price of US$1,750/oz.
- The PEA outlined average annual gold production of 255,000 ounces over a 12.6 year mine life from the Novador project.
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in Val-d'Or, Quebec. A February 2024 PEA showed robust economics for Novador including after-tax NPV of C$910M and IRR of 24.4% at a gold price of $1,750/oz. Resources have grown significantly to over 3.8Moz measured and indicated and 1.4Moz inferred gold. Probe plans to advance Novador towards pre-feasibility while continuing its drilling programs and permitting.
Corporate Presentation Probe Gold PEA Feb 2024 Final.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in Val-d'Or, Quebec. A February 2024 Preliminary Economic Assessment showed the project's robust economics, including a 24.4% after-tax IRR and $910 million after-tax NPV at a $1,750 gold price. The project hosts over 3.8 million ounces of gold in measured and indicated resources and 1.4 million ounces in inferred resources. Probe Metals is advancing Novador towards pre-feasibility while continuing its drilling programs aimed at resource expansion and upgrading. The company is well positioned to create shareholder value as Novador progresses.
Corporate Presentation Probe Gold Feb 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Val-d'Or, Quebec. The company recently updated mineral resource estimates for its flagship Novador project that increased total resources to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a potential open pit mine plan for Novador with over 200,000 ounces of annual gold production and strong economics. In 2023, Probe Metals completed extensive drilling programs across its projects and made a strategic acquisition, positioning the company to continue expanding its resources in Val-d'Or.
Corporate Presentation Probe Gold Jan 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Val-d'Or, Quebec. The company recently updated mineral resource estimates for its flagship Novador project that increased total resources to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a potential open pit mine plan for Novador with over 200,000 ounces of annual gold production and strong economics. In 2023, Probe Metals completed extensive drilling programs across its projects and made a strategic acquisition, positioning the company to continue expanding its resources in Val-d'Or.
CIBC Mining Conference Probe Gold Jan 2024.pdfProbe Gold
Probe Metals is a well-funded Canadian gold explorer advancing its key project, Novador, located in the mining-friendly jurisdiction of Quebec. Novador has over 5 million ounces of gold resources and a preliminary economic assessment outlines a potential low-cost, 12.5-year mine. Probe completed a large drilling program in 2023 that grew Novador's resources and acquired the high-grade Croinor Gold project. Probe is well positioned for continued resource growth and engineering studies in 2024.
Q4 Quarterly Update - December 2023 final.pdfProbe Gold
1) Probe Gold achieved several 2023 milestones in Q4 including completing over 85,600m of drilling at its Novador and Croinor gold projects, graduating to the TSX exchange, filing an initial project description to advance permitting, and updating mineral resources.
2) Exploration drilling in Q4 continued to intersect thick gold zones at Monique and returned encouraging visual results. Over 73,500m was completed in 2023.
3) Development work advanced the updated PEA including open pit designs, underground infrastructure planning, and process plant design. Permitting consultation also began.
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2. FORWARD LOOKING STATEMENTS
2
Forward Looking Information
This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included
herein, including, without limitation, statements regarding future plans and objectives of Probe Metals Inc. (“the Company”), future opportunities and anticipated goals, the company’s portfolio,
treasury, management team, timetable to permitting and production and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions,
estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”,
“budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain
actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is subject to known and unknown risks, including but not limited to: an
inability to complete the business combination; general business, economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental,
regulatory, environmental or other required approval; the actual results of current exploration activities; acquisition risks; and other risks of the mining and resource industry. Although the Company
has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to
be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company are based on information currently available to the
Company. The Company do not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe that the expectations reflected in
those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation
should not be unduly relied upon by investors as actual results may vary. Unless required to be updated pursuant to securities laws, these statements speak only as of the date of this presentation
and are expressly qualified, in their entirety, by this cautionary statement.
National Instrument 43-101
Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) Mineral Resources Val
d’Or East Property dated July 14, 2021. Technical and scientific information not contained within the Report and contained in this Presentation has been reviewed and approved by Independent
Qualified Person Merouane Rachidi, Ph. D., P.Geo and Claude Duplessis., from GoldMinds Geoservices, and Alain-Jean Beautregard, P.Geo and Daniel Gaudreault, P. Eng. from Geologica Groupe-
Counseil Inc which all are “Qualified Person” as such term is defined in NI 43-101., The Technical Report is available on SEDAR at www.SEDAR.com under the Company’s profile. This Presentation
uses the terms “indicated resources” and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and
Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be
materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be
converted into mineral reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part
of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility
studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically
or legally mineable. The PEA has been prepared by Tomasso Roberto Raponi, P.Eng. from Ausenco, Jesse Aarsen, P.Eng. from MMTS and Merouane Rachidi, Ph.D. P.Geo., from Goldminds who are
“Qualified Persons”, and are considered to be independent of Probe consultants for the purposes of section 1.5 of NI 43-101, and all of whom have reviewed the information that is summarized from
the PEA in their areas of expertise.
Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.
3. 682
866
1,801
770
722
2,557
2,310
2016 2018 2020 2021
Highlights
3
M&I Resources (koz)
Inferred Resources (koz)
Increased the gold resource by more than 5 times since
acquiring the project in 2016
1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – September 2021
2 Mineral Resources Statement, GoldMinds Geoservices – July 2021
Val-d’Or East Project is One of the Top Undeveloped Projects in Canada
RESOURCE GROWTH
Exceeding our Goals
PRELIMINARY ECONOMIC ASSESSMENT SEPTEMBER 20211
▷ 12.5 Year Mine Life; Average production of 207,000 Gold Ounces per year over
the LOM, with over 231,000 Gold ounces per year in the first 8 years
▷ C$598M NPV5% & After-tax 32.8% IRR at US$1,500 Gold Price
▷ Initial CAPEX C$353M & Sustaining Capital C$602M
ONE OF THE LARGEST GOLD RESOURCES IN VAL-D’OR
▷ 1.8Moz In M&I and 2.3Moz in Inferred Category2
▷ Significant exploration potential for resource growth and new discoveries
▷ 162,000-metre drill program ongoing for 2022 – largest to date
LARGE LANDHOLDINGS IN TOP MINING JURISDICTION
▷ Val-d’Or East project located in Quebec, a World Class Mining District
▷ 25 km from Val-d’Or, close to power, rail line and highway
WELL-FUNDED WITH APPROX. $50M IN CASH & INVESTMENTS
TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING
SHAREHOLDER VALUE
4. Project Located on Prolific Gold Mining Belt
4
ABITIBI
Greenstone
Belt
200M
Au oz
Produced
30M
Au oz
Reserves
Over 200Moz of
Gold Produced
World Class
Mining Belt
Abitibi
Greenstone
5. Strategic Land Position in a World Class Mining District
5
DISTRICT SCALE
One of the Largest
Landholdings in
Val-d’Or
GOOD
INFRASTRUCTURE
in a Mining Friendly
Jurisdiction
Four Past Producing Mine Trends on the Property
6. Val-d’Or East PEA – Summary
CDN$
Pre-Tax NPV (5%) $991M
Pre-Tax IRR 47.2%
After-Tax NPV (5%) $598M
After-Tax IRR 32.8%
Pre-Tax Payback Period 1.8 years
After-Tax Payback Period 2.7 years
Average Annual Gold Production 207,000 oz
Initial Capital $353M
Sustaining Capital $602M
LOM average cash cost/oz US$786
LOM Average AISC*/oz US$965
Mine Life 12.5 years
Throughput – Mill and Leach (tpd) 10,000
Mill Grade & Recovery 1.88 g/t & 94.7%
Gold Price US$1,500
FX Rate (CDN/US$) $0.75
1 All figures reported in CDN$ unless specified otherwise
* All in sustaining cost
6
7. Lower Price
US$1,400 oz/Au
Base Price
US$1,500 oz/Au
Consensus Price
US$1,600 oz/Au
Spot Price
US$1,800 oz/Au
$444M
After-Tax NPV5%
$598M
After-Tax NPV5%
$751M
After-Tax NPV5%
$1,051M
After-Tax NPV5%
26.2%
After-Tax IRR
32.8%
After-Tax IRR
39.2%
After-Tax IRR
51.6%
After-Tax IRR
1.26x
NPV5%/Capex
1.70x
NPV5%/Capex
2.13x
NPV5%/Capex
2.98x
NPV5%/Capex
3.8 years
Payback
2.7 years
Payback
2.1 years
Payback
1.6 years
Payback
7
Val-d’Or East PEA - Robust Economics1
Potential to be one of the top gold mines
207,000 oz Au
AVERAGE ANNUAL
PRODUCTION
12.5 Years
MINE LIFE
$353M
INITIAL CAPEX
US$786/oz
AVERAGE CASH COST
1 All figures reported in CDN$ unless specified otherwise
8. Val-d’Or PEA – Mass Balance of Gold Inventory
Gold Recovery 94.7%; Gold Produced 2,584 Koz, Numbers may not total due to rounding
ROM TONNES (000) GRADE (g/t) k Oz
Open Pit
To ore sorters (0.25 g/t - 0.8 g/t) 32,855 0.46 486
Direct feed (above 0.8 g/t) 24,318 2.03 1,587
Total OP 57,172 1.13 2,073
Underground
To ore sorters (0.25 g/t - 0.8 g/t) -- -- --
Direct feed (above 0.8 g/t) 7,115 3.23 739
Total UG 7,115 3.23 739
Total in-situ mineable resources 64,287 1.36 2,812
Mass balance around ore sorters
Feed to crushing/ore sorting plant 32,855 0.46 486
Fines produced in crushing (22.5%) 7,403 0.58 138
Feed to ore sorters 25,452 0.43 348
Product (25%) 6,363 1.29 264
Rejects (75%) 19,089 0.14 85
Total to Mill 13,766 0.91 402
Total Mill Feed 45,199 1.88 2,728
8
9. 9
Project Economics
Projected Annual LOM after-tax unlevered FCF
0
500
1,000
1,500
2,000
2,500
3,000
0
50
100
150
200
250
300
-1 1 2 3 4 5 6 7 8 9 10 11 12 13
Cumulative
Gold
Production
(koz)
Gold
Production
(koz)
Annual Production - OP (koz) Annual Production - UG(koz) CumulativeGold Production (koz)
Projected Annual Gold Production
($400)
($200)
--
$200
$400
$600
$800
$1,000
($400)
($200)
--
$200
$400
$600
$800
$1,000
-1 1 2 3 4 5 6 7 8 9 10 11 12 13
After-Tax
Cummulative
Unlevered
Free
Cash
Flow
(C$M)
After-Tax
Unlevered
Free
Cash
Flow
(C$M)
After-Tax Unlevered Free Cash Flow After-Tax Cumulative UnleveredFree Cash Flow
Ø Projected gold production averages 231,000 ounces per year over
years 1 to 8
Ø The Life Of Mine production averages 207,000 ounces per year
Ø At US$1,500/oz Gold Price
Ø After-Tax NPV5% C$598M, 32.8% IRR, 2.7years Payback
Ø NPV5%/Initial Capex of 1.7x
10. 10
Val-d’Or East Site Layout
▷ Easy access to power,
labour, railroad and
highways
▷ Preliminary site selection
to minimize hauling
distances and
environmental impacts
Courvan Trend
Pascalis Trend
Dry Tailings
Storage Facility
Process Plant
Site
Monique Lapaska
11. 11
Val-d’Or East Process Layout
▷ Initial capacity at 10,000
tonnes per day
▷ Year 4 expansion
includes additional
crushing and ore sorting
facility to process low
grade material
▷ Capacity of the front end
of the plant expands to
16,746 tpd while the back-
end stays at 10,000 tpd
Truck Shop
Y4 Ore Sorting
Expansion
Y4 Crushing
expansion
Process Plant
Administration
12. Val-d’Or East Project – Path to Production
2020 2022
2021 2024
2023
2020 2022
2021 2026
2023/24
• PEA initiated
• Metallurgical
work initiated
• Environmental
Characterization
Program shows
waste rocks and
ores are non-acid
generating and
non-leachable
• Initiate
Pre-Feasibility
• Infill drilling
• Metallurgical program
• Start permitting
process
• Feasibility Study
• Continue Permitting
Process
• Permitting Approval
• Construction financing
• Advanced
development studies:
Geotechnical studies
and Metallurgical
work show above
95% recovery and
cost efficiencies
• Updated Resource
Estimate
• Robust PEA numbers
12
13. MONIQUE TREND
DEPOSITS
M&I: 672,800 oz
Inf: 671,400 oz
VDE PROPOSED
PROCESS FACILITY
COURVAN TREND
DEPOSITS
M&I: 268,600 oz
Inf: 733,500 oz
PASCALIS TREND
DEPOSITS
M&I: 788,200 oz
Inf: 555,500 oz
13
Val-d’Or East Deposits – Location Map
Untested
exploration
along trends
Resource open for
expansion
untested
u
n
t
e
s
t
e
d
u
n
t
e
s
t
e
d
15. 2022 Focus – Growing Scale through Exploration
15
VAL-D’OR EAST PROJECT
EXPLORATION PLAN:
▷ 150,000-metre drill program
▷ 9 drills active at Val-d’Or, with 8 on Monique trend
▷ Drilling to focus on exploration, expansion and resource
conversion
DEVELOPMENT PLAN:
▷ Advanced metallurgical, environmental and geotechnical
work in preparation of Pre-Feasibility Study (“PFS”)
▷ PFS expected in 2023
DETOUR QUEBEC PROJECT
▷ 12,000-metre drill program for Detour and Casa Cameron
Projects
▷ Exploration program to focus on discovery-stage drilling
162,000-metre drill program planned – largest to date
16. Capital Structure
PROBE METALS INC.
Market capitalization $287.7 million
Shares outstanding (basic) 145.3 million
Shares outstanding (fully diluted) 160.6 million
Cash and Investments ~$50 million
52-week trading range $2.33 - $1.26
Recent Price (25/03/2022) $1.98
TOP SHAREHOLDERS
Eldorado Gold
Caisse de dépôt et
placement du Québec Franklin Templeton
Libra Advisors Kingsley Advisors U.S. Global
Van Eck Merk Investments AGF Investments GAM Holding AG
Fonds de solidarité
FTQ
SIDEX
Management and Directors (>7%)
16
ANALYST COVERAGE
BMO Capital Markets Andrew Mikitchook
CIBC Allison Carson
Industrial Alliance Securities George Topping
Laurentian Bank Securities Barry Allan
Research Capital Stuart McDougall
Sprott Capital Partners Brock Sailer
Strong Support
Well Funded
Good Structure
17. Leadership Team
17
DAVID PALMER
President, Chief Executive Officer and Director
MARCO GAGNON
Executive Vice President and Director
PATRICK LANGLOIS
CFO & VP, Corporate Development
▷ Former President and CEO of Adventure
Gold (2007 to 2016)
▷ Has over 25 years of experience in
Project Acquisition, Exploration and
Mine Development
▷ Former President and CEO of Probe
Mines (2003 to 2015)
▷ 2015: PDAC Bill Dennis Award for a
Canadian Mineral Discovery
▷ 2015: Northern Miner Mining Person of
the Year
▷ 2014: Prospector of the Year, Ontario
▷ Former Vice President of Probe Mines
(2012 to 2015)
▷ Has over 20 years of experience in
Corporate Development, Venture Capital
and Investment Banking
Team with Track Record of
Making Discoveries
YVES DESSUREAULT
Chief Operating Officer
▷ Former COO of Probe Mines (2014-2015)
▷ Held senior positions with BBA Inc., Rio
Tinto PLC and Hatch Ltd. and responsible
for leading many large greenfield and
brownfield projects, from studies to
execution
▷ Has over 25 years of experience in
Operations, Project Evaluation and
Mine Development
SEEMA SINDWANI
Director, Investor Relations
▷ 20 years of capital markets and investor
relations experience
▷ Held a fund manager position with a
European asset management company
and senior positions at several Canadian
investment banks
18. Board Of Directors
18
JAMIE SOKALSKY
Chairman
▷ Currently, Director of Agnico Eagle Mines
and Royal Gold
▷ Former President and CEO
of Barrick Gold Corporation (2012-2014)
▷ Former CFO of Barrick Gold Corporation
(1999 to 2012)
GORD MCCREARY
Director
▷ Former Director of Probe Mines (2012 to
2015)
▷ Former CEO of Newcastle Gold and
Baffinland Iron Mines
▷ Founding Officer of Kinross Gold
▷ Former Director of Probe Mines (2001 to
2015)
▷ Founder of Peterson McVicar LLP
▷ Has 25 years of experience
as a corporate securities lawyer
DENNIS PETERSON
Director
BASIL HAYMANN
Director
▷ Former Director of Probe Mines (2013 to
2015)
▷ Entrepreneur, currently Chairman of
FabriTec Structures LLC
JAMIE HORVAT
Director
▷ Former Director, Global Equities, for a large
U.K. based Asset Manager
▷ CIO Oberon Capital Corporation
▷ Director, Troilus Gold Corp
ALEKSANDRA BUKACHEVA
Director
▷ Former Director, Battle North Gold
▷ Former EVP Corp. Development
Element 29 Resources
▷ Former Analyst, BMO Capital Markets
20. 20
Pascalis Gold Trend – Surface View
Legend
New In-Pit Resource (Au g/t > 0.40)
New Underground Resource (Au g/t > 1.65 or 2.05)
Conceptual Pits
Former Beliveau Mine
PASCALIS TREND
DEPOSITS
M&I: 788,200 oz
Inf: 555,500 oz
N
Still Expanding
along strike
21. 21
Pascalis Gold Trend – Block Model 3D View
Legend
New In-Pit Resource (Au g/t > 0.40)
New Underground Resource (Au g/t > 1.65 or 2.05)
Conceptual Pits
Former Beliveau Mine
PASCALIS TREND
DEPOSITS
M&I: 788,200 oz
Inf: 555,500 oz
NORTH DEPOSIT
PIT CONSTRAINED
M&I: 70,300 oz
Inf: 61,600 oz
BELIVEAU PIT CONSTRAINED
RESOURCE
M&I: 584,000 oz
Inf: 235,300 oz
N
More Robust
Underground
Resource
22. 22
Monique Gold Trend – Surface View
Mining Lease
MONIQUE TREND
DEPOSITS
M&I: 672,800 oz
Inf: 671,400 oz
N
Legend
New In-Pit Resource (Au g/t > 0.42)
New Underground Resource (Au g/t > 1.65)
Conceptual Pits
Former Monique Mine Expansion drilling
underway to join pit-
constrained
resources
23. 23
Monique Gold Trend – Block Model 3D View
Mining Lease
Legend
New In-Pit Resource (Au g/t > 0.42)
New Underground Resource (Au g/t > 1.65)
Conceptual Pits
Former Monique Mine
MONIQUE TREND
DEPOSITS
M&I: 672,800 oz
Inf: 671,400 oz
UNDERGROUND RESOURCE
M&I: 124,800 oz
Inf: 260,400 oz
PIT CONSTRAINED
RESOURCE
M&I: 548,000oz
Inf: 411,000 oz
N
Over 90% of
Resource within the
mining lease
24. 24
Courvan Gold Trend – Surface View
Legend
New In-Pit Resource (Au g/t > 0.40)
New Underground Resource (Au g/t > 2.05)
Conceptual Pits
Former Bussiere Mine
COURVAN TREND
DEPOSITS
M&I: 268,600 oz
Inf: 733,500 oz
N
Improved
Exploration
Model
25. 25
Courvan Gold Trend – Block Model 3D View
Legend
New In-Pit Resource (Au g/t > 0.40)
New Underground Resource (Au g/t > 2.05)
Conceptual Pits
Former Bussiere Mine
COURVAN TREND
DEPOSITS
M&I: 268,600 oz
Inf: 733,500 oz
BORDURE, CREEK, & BUSSIERE PIT
CONSTRAINED
M&I: 84,100 oz
Inf: 239,800 oz
SOUTHEAST &
SOUTHWEST
PIT CONSTRAINED
M&I: 114,400 oz
Inf: 87,500 oz
N
Focussed on
continued
Resource Growth