SlideShare a Scribd company logo
TSX: PRB
ADVANCING
NOVADOR
WELL-FUNDED CANADIAN GOLD EXPLORER
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 Gold 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
The technical and scientific information contained herein relating to the Novador (Former Val-d’Or East) Project is derived from National Instrument 43-101 (“NI 43-101”) compliant
technical reports (“Reports”). The Reports are available on SEDAR at www.SEDAR.com under the Company’s issuer profile and on Probe Gold website at www.probegold.com. The
2023 Novador Mineral Resource Estimates were independently prepared by InnovExplo Inc. and are dated January 16, 2023, and July 13, 2023. A Preliminary Economic Assessment
report has been prepared by Ausenco Engineering Canada Inc ULC in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is dated
February 12, 2024. Ausenco was appointed as lead consultant in August 2023 to prepare the updated PEA in accordance with NI 43-101 and was assisted by Moose Mountain
Technical Services for the mine design. The independent PEA was prepared through the collaboration of the following firms: Ausenco Engineering Canada ULC (Ausenco), Moose
Mountain Technical Services (MMTS), InnovExplo, Knight Piésold Ltd. (KP), Richelieu Hydrogéologie Inc., Lamont Inc. and Rock Engineering Consulting Services. These firms
provided mineral resource estimates, design parameters and cost estimates for mine operations, process facilities, major equipment selection, rock and tailings storage, reclamation,
permitting, as well as operating and capital expenditures. 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 prefeasibility studies, or economic studies, except for a
Preliminary Economic 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 reader is advised that the Preliminary Economic Assessment summarized in this presentation is intended to provide only an initial, high-level review of the project
potential and design options.
Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.
One of the Top Undeveloped Projects in Canada
3
1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release
2 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – September 2021
3 Mineral Resources Statement, InnovExplo Inc.– January 2023 & July 2023
ROBUST PRELIMINARY ECONOMIC ASSESSMENT FEBRUARY 20241
▷ After-tax C$910M NPV5% & After-tax 24.4% IRR at US$1,750 Gold Price
▷ 12.6 Year Mine Life, yielding over 24% more gold than 2021 PEA, 77% in the M&I category2
▷ 23% increase in average gold production to 255,000 Gold Ounces/year over the LOM, with
over 281,000 Gold ounces per year in the first 5 years
▷ Average cash cost of $841/oz Au, all-in sustaining (“AISC”) cost of US$1,038/oz Au
▷ Initial Capital Expenditure of C$602M
▷ Project advancing towards pre-feasibility, focusing on reducing the permitting timeline and
continuing drilling program for resource upgrade and expansion
LARGE GOLD RESOURCES IN VAL-D’OR, AND GROWING
▷ Total inventory of 3.8Moz M&I, 1.4Moz Inferred Category3
▷ Increase of 30% in total size and 111% in Measured and Indicated category from 20213
▷ 76% of Resource in Measured and Indicated (“M&I”)category3
LARGE LANDHOLDINGS IN TOP MINING JURISDICTION
▷ Novador 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 $19M IN CASH
TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING SHAREHOLDER VALUE
Exceeding our goals
M&I Resources (koz)
Inferred Resources (koz)
RESO
URCE
GRO
W
TH
2.5Moz
5.0Moz
Increased the gold resource by more than 5 times since
acquiring the project in 2016
4
District-scale project in a mining friendly
jurisdiction with road, rail and
hydroelectric power
Strategic Land Position in a World Class Mining District
Val-d’Or, Quebec
Beaufor Deposit: Source-NI43-101 Technical Report Beaufor Gold
– July 2021
McKenzie Break Deposit: Source – NI 43-101 Technical Report
McKenzie Break – October 2021
Novador PEA1 - Summary
5
1Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release
(February 2024)1,2 2024
(C$)
2021
(C$)
Pre-Tax NPV (5%) $1,530M $991M
Pre-Tax IRR 34.4% 47.2%
After-Tax NPV (5%) $910M $598M
After-Tax IRR 24.4% 32.8%
Pre-Tax Payback Period 3.5 years 1.8 years
After-Tax Payback Period 4.4 years 2.7 years
Average Annual Gold Production 255,000 oz 207,000 oz
Initial Capital $602M $353M
Sustaining Capital $818M $602M
LOM average cash cost/oz US$841 US$786
LOM Average AISC*/oz US$1038 US$965
Mine Life 12.6 years 12.5 years
Throughput – Mill and Leach (tpd) 15,500 10,000
Mill Grade & Recovery 1.30 g/t & 95.7% 1.88 g/t & 94.7%
Gold Price US$1,750 US$1,500
FX Rate (CDN/US$) $0.74 $0.75
2024 Summary
▷ +250Koz/y production profile
▷ 24.4% IRR
▷ $910MM NPV
▷ 77% in M&I (2021 – 44%)
▷ Ore sorting removed from flowsheet
▷ Require larger mill
▷ No grade enhancement
▷ Mill grade stays at resource grade
Next Steps
▷ Working towards PFS
▷ Advancing permitting process
▷ Continued resource expansion and
conversion
Novador PEA1 – Robust Economics
6
1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release
255,000 oz Au
AVERAGE ANNUAL
PRODUCTION
12.6 Years
MINE LIFE
$602M
INITIAL CAPEX
US$841/oz
AVERAGE CASH COST
US$1,600 oz/Au Base Case
US$1,750 oz/Au
US$1,900 oz/Au US$2,000 oz/Au
$626M
After-Tax NPV5%
$910M
After-Tax NPV5%
$1,188M
After-Tax NPV5%
$1,371M
After-Tax NPV5%
18.5%
After-Tax IRR
24.4%
After-Tax IRR
30.1%
After-Tax IRR
33.6%
After-Tax IRR
1.0x
NPV5%/Capex
1.5x
NPV5%/Capex
2.0x
NPV5%/Capex
2.3x
NPV5%/Capex
5.5 years
Payback
4.4 years
Payback
3.8 years
Payback
3.4 years
Payback
Novador PEA1 – Robust Project Economics
7
Projected Annual Gold Production Cash Flow Analysis
Ø Projected gold production averages 281,000 ounces per year in years 1 to 5
Ø The Life of Mine production averages 255,000 ounces per year
Ø Total gold produced 3.2 million ounces
Ø Gold Price = US$1,750 oz
Ø After-Tax NPV5%= C$910M
Ø After-Tax IRR = 24.4%
Ø NPV5%/Initial Capex = 1.5x
1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release
Novador Project Process Layout
8
▷ Initial capacity at
15,500 tonnes per day
▷ Year 6 of production to
increase the plant
capacity at an average
throughput of 19,200
tonnes per day
Novador Project Site Layout
9
▷ Close proximity to Val-
d’Or City
▷ Infill backfilling of two
open pits with waste
rock or tailings
▷ Leveraging of existing
infrastructure to
minimize operating
costs
Novador Project – Path to Production
2020
2024 2027-2028
2025-2026 2029
• Updated PEA
• Updated
Resource Estimate
• Permitting- start
Phase II
• Condemnation
drilling
• Geochemical and
geotechnical
studies
• Baseline studies
• Feasibility Study
• Permitting –
Final
Environmental
approval
• Start of
Construction
• Infill Drilling
• Pre-feasibility
Study
• Condemnation
drilling
• Permitting -
Submit
Environmental
Impact Assessment
(EIA)
10
• Start of Production
Novador Project – 2023 Updated Resources Summary
11
Novador Property (100% interest)
Deposit/
Category
Pit-constrained Resources Underground Resources Total
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Monique Deposit (2023 RE)1
M&I** 36,914,400 1.42 1,685,300 4,929,300 2.23 353,600 41,843,700 1.52 2,038,900
Inferred 4,349,700 1.36 190,200 2,383,500 2.18 167,000 6,733,200 1.65 357,200
Pascalis Deposit (2023 RE)2
M&I** 16,366,300 1.70 894,000 2,361,000 2.47 187,900 18,727,300 1.80 1,081,900
Inferred 1,938,300 1.21 75,700 2,024,100 2.57 167,200 3,962,400 1.91 242,900
Courvan Deposit (2023 RE)2
M&I** 6 372 600 1.77 363, 400 647, 100 3.02 62, 900 7, 020, 000 1.89 426, 300
Inferred 3 627 600 1.77 206, 900 2, 394, 700 3.67 282, 300 6, 022, 600 2.53 489, 200
- Additional Pit Constrained Resource1 of 246,900 ounces in the Measured and Indicated and 90,100 ounces in the Inferred categories
from mineralized waste, between 0.2 g/t Au and 0.42 g/t Au, from industrial sorting, averaging 0.3 g/t Au
1Mineral Resources Statement, , InnovExplo Inc.– January 2023
2Mineral Resources Statement, , InnovExplo Inc.– July 2023
3Mineral Resources Statement, , Goldminds Inc.– July 2021
- Additional Historical Inferred Resources3 of 239,200ozs from other deposits (Lapaska &
Sleepy)
Detour Gold Project
12
90km of untested potential
Highlights
▷ New Cu-Au-Mo-Ag
discovery on La Peltrie
Option
▷ 2,683-metre drill program
on La Peltrie intersected
1.17% Copper and
expanded the Cu-Au-Ag-
Mo Mineralized System
▷ Assays pending for 100%-
owned Detour property
Map 1
13
KEY MILESTONES AHEAD
▷ Advancement of the project towards pre-feasibility,
with a focus on:
▷ Reducing the permitting timeline
▷ Continuing the drilling program for resource
upgrade and expansion
▷ Drill results from Novador, Detour, and Croinor
projects from 2023 programs
▷ Updated Mineral Resource Estimate: for Val-d’Or
properties capturing results from additional drilling in
2023 and 2024
2024 Milestones
Capital Structure
PROBE GOLD INC.
Market capitalization $224.0 million
Shares outstanding (basic) 170.9 million
Shares outstanding (fully diluted) 183.2 million
Cash ~$19 million
52-week trading range $1.87 - $1.21
Recent Price (11/06/2024) $1.30
TOP SHAREHOLDERS
Eldorado Gold
Caisse de dépôt et
placement du Québec Franklin Templeton
Libra Advisors Kingsley Advisors Investment Quebec
Van Eck Merk Investments Gabelli Funds GAM Holding AG
Fonds de solidarité
FTQ
SIDEX
Management and Directors (7%)
14
ANALYST COVERAGE
Beacon Securities Bereket A. Berhe
BMO Capital Markets Andrew Mikitchook
CIBC Allison Carson
Canaccord Jeremy Hoy
SCP Resource Finance Brandon Gaspar
Good Structure Strong Support
Well Funded
Leadership Team
15
DAVID PALMER
President, Chief Executive Officer and Director
MARCO GAGNON
Executive Vice President
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
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
Vice President, 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
Team with Track Record of
making Discoveries
Board Of Directors
16
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)
▷ Former Director of Probe Mines (2001-2015)
▷ Founder of Peterson McVicar LLP
▷ Has 25 years of experience
as a corporate securities lawyer
DENNIS PETERSON
Director
JAMIE HORVAT
Director
▷ Director, Pension and Capital Management, P.E.I
▷ Former Director, Global Equities, for a large U.K.
based Asset Manager
▷ Former CIO, Oberon Capital Corporation
▷ Former Director, Troilus Gold
ALEKSANDRA BUKACHEVA
Director
▷ Director, Montage Gold
▷ Former Director, Battle North Gold
▷ Former EVP Corp. Development Element 29
Resources
▷ Former Analyst, BMO Capital Markets
▷ Currently, President and CEO of
IAMGOLD
▷ Former President and CEO of New
Gold Inc.
▷ Former President and CEO of
Richmont Mines
RENAUD ADAMS
Director
Experienced Board Members
SHANNON MCCRAE
Director
▷ Director, Atacama Copper
▷ Former Director of Exploration and
Growth, Barrick Gold

More Related Content

Similar to Corporate Presentation Probe June 2024.pdf

Corporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdfCorporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdf
Probe Gold
 
PRB Corporate Presentation March 7, 2024
PRB Corporate Presentation March 7, 2024PRB Corporate Presentation March 7, 2024
PRB Corporate Presentation March 7, 2024
Probe Gold
 
CIBC Mining Conference Probe Gold Jan 2024.pdf
CIBC Mining Conference Probe Gold Jan 2024.pdfCIBC Mining Conference Probe Gold Jan 2024.pdf
CIBC Mining Conference Probe Gold Jan 2024.pdf
Probe Gold
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
Probe Gold
 
2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf
seemasindwani
 
2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf
seemasindwani
 
2022.10.18 PRB Presentation Final.pdf
2022.10.18 PRB Presentation Final.pdf2022.10.18 PRB Presentation Final.pdf
2022.10.18 PRB Presentation Final.pdf
seemasindwani
 
BMO Conference 2023 Probe Gold.pdf
BMO Conference 2023 Probe Gold.pdfBMO Conference 2023 Probe Gold.pdf
BMO Conference 2023 Probe Gold.pdf
seemasindwani
 
PDAC Conference 2023 Probe Gold.pdf
PDAC Conference 2023 Probe Gold.pdfPDAC Conference 2023 Probe Gold.pdf
PDAC Conference 2023 Probe Gold.pdf
seemasindwani
 
Corporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdfCorporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdf
Probe Gold
 
Corporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdfCorporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdf
Probe Gold
 
Corporate Presentation Probe Gold Feb 2024.pdf
Corporate Presentation Probe Gold Feb 2024.pdfCorporate Presentation Probe Gold Feb 2024.pdf
Corporate Presentation Probe Gold Feb 2024.pdf
Probe Gold
 
2023.01.03 PRB Presentation Final.pdf
2023.01.03 PRB Presentation Final.pdf2023.01.03 PRB Presentation Final.pdf
2023.01.03 PRB Presentation Final.pdf
seemasindwani
 
2022.11.08 PRB Presentation Final.pdf
2022.11.08 PRB Presentation Final.pdf2022.11.08 PRB Presentation Final.pdf
2022.11.08 PRB Presentation Final.pdf
seemasindwani
 
2022.11.01 PRB Presentation Final.pdf
2022.11.01 PRB Presentation Final.pdf2022.11.01 PRB Presentation Final.pdf
2022.11.01 PRB Presentation Final.pdf
seemasindwani
 
2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf
seemasindwani
 
2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf
Probe Gold
 
July 2023 Corporate Presentation Probe Gold final.pdf
July 2023 Corporate Presentation Probe Gold final.pdfJuly 2023 Corporate Presentation Probe Gold final.pdf
July 2023 Corporate Presentation Probe Gold final.pdf
Probe Gold
 
July 2023 Corporate Presentation Probe Gold final1.pdf
July 2023 Corporate Presentation Probe Gold final1.pdfJuly 2023 Corporate Presentation Probe Gold final1.pdf
July 2023 Corporate Presentation Probe Gold final1.pdf
Probe Gold
 
July 2023 Corporate Presentation Probe Gold.pdf
July 2023 Corporate Presentation Probe Gold.pdfJuly 2023 Corporate Presentation Probe Gold.pdf
July 2023 Corporate Presentation Probe Gold.pdf
Probe Gold
 

Similar to Corporate Presentation Probe June 2024.pdf (20)

Corporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdfCorporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdf
 
PRB Corporate Presentation March 7, 2024
PRB Corporate Presentation March 7, 2024PRB Corporate Presentation March 7, 2024
PRB Corporate Presentation March 7, 2024
 
CIBC Mining Conference Probe Gold Jan 2024.pdf
CIBC Mining Conference Probe Gold Jan 2024.pdfCIBC Mining Conference Probe Gold Jan 2024.pdf
CIBC Mining Conference Probe Gold Jan 2024.pdf
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
 
2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf
 
2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf2022.10.04 PRB Presentation Final.pdf
2022.10.04 PRB Presentation Final.pdf
 
2022.10.18 PRB Presentation Final.pdf
2022.10.18 PRB Presentation Final.pdf2022.10.18 PRB Presentation Final.pdf
2022.10.18 PRB Presentation Final.pdf
 
BMO Conference 2023 Probe Gold.pdf
BMO Conference 2023 Probe Gold.pdfBMO Conference 2023 Probe Gold.pdf
BMO Conference 2023 Probe Gold.pdf
 
PDAC Conference 2023 Probe Gold.pdf
PDAC Conference 2023 Probe Gold.pdfPDAC Conference 2023 Probe Gold.pdf
PDAC Conference 2023 Probe Gold.pdf
 
Corporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdfCorporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdf
 
Corporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdfCorporate Presentation Probe Gold Jan 2024.pdf
Corporate Presentation Probe Gold Jan 2024.pdf
 
Corporate Presentation Probe Gold Feb 2024.pdf
Corporate Presentation Probe Gold Feb 2024.pdfCorporate Presentation Probe Gold Feb 2024.pdf
Corporate Presentation Probe Gold Feb 2024.pdf
 
2023.01.03 PRB Presentation Final.pdf
2023.01.03 PRB Presentation Final.pdf2023.01.03 PRB Presentation Final.pdf
2023.01.03 PRB Presentation Final.pdf
 
2022.11.08 PRB Presentation Final.pdf
2022.11.08 PRB Presentation Final.pdf2022.11.08 PRB Presentation Final.pdf
2022.11.08 PRB Presentation Final.pdf
 
2022.11.01 PRB Presentation Final.pdf
2022.11.01 PRB Presentation Final.pdf2022.11.01 PRB Presentation Final.pdf
2022.11.01 PRB Presentation Final.pdf
 
2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf
 
2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf2022.09.01 PRB Presentation Final.pdf
2022.09.01 PRB Presentation Final.pdf
 
July 2023 Corporate Presentation Probe Gold final.pdf
July 2023 Corporate Presentation Probe Gold final.pdfJuly 2023 Corporate Presentation Probe Gold final.pdf
July 2023 Corporate Presentation Probe Gold final.pdf
 
July 2023 Corporate Presentation Probe Gold final1.pdf
July 2023 Corporate Presentation Probe Gold final1.pdfJuly 2023 Corporate Presentation Probe Gold final1.pdf
July 2023 Corporate Presentation Probe Gold final1.pdf
 
July 2023 Corporate Presentation Probe Gold.pdf
July 2023 Corporate Presentation Probe Gold.pdfJuly 2023 Corporate Presentation Probe Gold.pdf
July 2023 Corporate Presentation Probe Gold.pdf
 

More from Probe Gold

Q2 Probe Gold Quarterly Update 12024.pdf
Q2 Probe Gold Quarterly Update 12024.pdfQ2 Probe Gold Quarterly Update 12024.pdf
Q2 Probe Gold Quarterly Update 12024.pdf
Probe Gold
 
Corporate Presentation Probe July 2024.pdf
Corporate Presentation Probe July 2024.pdfCorporate Presentation Probe July 2024.pdf
Corporate Presentation Probe July 2024.pdf
Probe Gold
 
Corporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdfCorporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdf
Probe Gold
 
Corporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdfCorporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdf
Probe Gold
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdf
Probe Gold
 
Q1 Probe Gold Quarterly Update- April 2024
Q1 Probe Gold Quarterly Update- April 2024Q1 Probe Gold Quarterly Update- April 2024
Q1 Probe Gold Quarterly Update- April 2024
Probe Gold
 
Q4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdfQ4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdf
Probe Gold
 
Q4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdfQ4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdf
Probe Gold
 
Corporate Presentation Probe Gold Dec 2023.pdf
Corporate Presentation Probe Gold Dec 2023.pdfCorporate Presentation Probe Gold Dec 2023.pdf
Corporate Presentation Probe Gold Dec 2023.pdf
Probe Gold
 
Corporate Presentation Probe Gold Nov 2023.pdf
Corporate Presentation Probe Gold Nov 2023.pdfCorporate Presentation Probe Gold Nov 2023.pdf
Corporate Presentation Probe Gold Nov 2023.pdf
Probe Gold
 
Probe Gold Nov 2023.pdf
Probe Gold Nov 2023.pdfProbe Gold Nov 2023.pdf
Probe Gold Nov 2023.pdf
Probe Gold
 
Corporate Presentation Probe Gold October v2 .pdf
Corporate Presentation Probe Gold October v2 .pdfCorporate Presentation Probe Gold October v2 .pdf
Corporate Presentation Probe Gold October v2 .pdf
Probe Gold
 
Corproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdfCorproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdf
Probe Gold
 
Corproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdfCorproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdf
Probe Gold
 
Q3 Quarterly Update - September 2023.pdf
Q3 Quarterly Update - September 2023.pdfQ3 Quarterly Update - September 2023.pdf
Q3 Quarterly Update - September 2023.pdf
Probe Gold
 

More from Probe Gold (15)

Q2 Probe Gold Quarterly Update 12024.pdf
Q2 Probe Gold Quarterly Update 12024.pdfQ2 Probe Gold Quarterly Update 12024.pdf
Q2 Probe Gold Quarterly Update 12024.pdf
 
Corporate Presentation Probe July 2024.pdf
Corporate Presentation Probe July 2024.pdfCorporate Presentation Probe July 2024.pdf
Corporate Presentation Probe July 2024.pdf
 
Corporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdfCorporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdf
 
Corporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdfCorporate Presentation Probe June 19, 2024.pdf
Corporate Presentation Probe June 19, 2024.pdf
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdf
 
Q1 Probe Gold Quarterly Update- April 2024
Q1 Probe Gold Quarterly Update- April 2024Q1 Probe Gold Quarterly Update- April 2024
Q1 Probe Gold Quarterly Update- April 2024
 
Q4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdfQ4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdf
 
Q4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdfQ4 Quarterly Update - December 2023 final.pdf
Q4 Quarterly Update - December 2023 final.pdf
 
Corporate Presentation Probe Gold Dec 2023.pdf
Corporate Presentation Probe Gold Dec 2023.pdfCorporate Presentation Probe Gold Dec 2023.pdf
Corporate Presentation Probe Gold Dec 2023.pdf
 
Corporate Presentation Probe Gold Nov 2023.pdf
Corporate Presentation Probe Gold Nov 2023.pdfCorporate Presentation Probe Gold Nov 2023.pdf
Corporate Presentation Probe Gold Nov 2023.pdf
 
Probe Gold Nov 2023.pdf
Probe Gold Nov 2023.pdfProbe Gold Nov 2023.pdf
Probe Gold Nov 2023.pdf
 
Corporate Presentation Probe Gold October v2 .pdf
Corporate Presentation Probe Gold October v2 .pdfCorporate Presentation Probe Gold October v2 .pdf
Corporate Presentation Probe Gold October v2 .pdf
 
Corproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdfCorproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdf
 
Corproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdfCorproate Presentation -Probe Gold October 2023.pdf
Corproate Presentation -Probe Gold October 2023.pdf
 
Q3 Quarterly Update - September 2023.pdf
Q3 Quarterly Update - September 2023.pdfQ3 Quarterly Update - September 2023.pdf
Q3 Quarterly Update - September 2023.pdf
 

Recently uploaded

WRN_Corporate_Presentation_July_2024.pdf
WRN_Corporate_Presentation_July_2024.pdfWRN_Corporate_Presentation_July_2024.pdf
WRN_Corporate_Presentation_July_2024.pdf
sclegg
 
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
yihong30
 
The impact of foreign direct investment on sustainable growth in Nigeria
The impact of foreign direct investment on sustainable growth in NigeriaThe impact of foreign direct investment on sustainable growth in Nigeria
The impact of foreign direct investment on sustainable growth in Nigeria
olabimpeveronical
 
About Ambassador Olloh Anthony Chinedu, CEO, RoadCEO Liberia Investments
About Ambassador Olloh Anthony Chinedu,  CEO, RoadCEO Liberia InvestmentsAbout Ambassador Olloh Anthony Chinedu,  CEO, RoadCEO Liberia Investments
About Ambassador Olloh Anthony Chinedu, CEO, RoadCEO Liberia Investments
SFXMedia1
 
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
6459astrid
 
Greenwich degree offer diploma Transcript
Greenwich degree offer diploma TranscriptGreenwich degree offer diploma Transcript
Greenwich degree offer diploma Transcript
fyncacy
 
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirtsTrump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
exgf28
 
CITY degree offer diploma Transcript
CITY degree offer diploma TranscriptCITY degree offer diploma Transcript
CITY degree offer diploma Transcript
fyncacy
 
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
SFXMedia1
 
Trump FIGHT FIGHT FIGHT T shirts sweatshirt
Trump FIGHT FIGHT FIGHT T shirts sweatshirtTrump FIGHT FIGHT FIGHT T shirts sweatshirt
Trump FIGHT FIGHT FIGHT T shirts sweatshirt
exgf28
 
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
902basic
 
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
yihong30
 
UCL degree offer diploma Transcript
UCL degree offer diploma TranscriptUCL degree offer diploma Transcript
UCL degree offer diploma Transcript
fyncacy
 
Bath Spa University degree Cert diploma offer
Bath Spa University degree Cert diploma offerBath Spa University degree Cert diploma offer
Bath Spa University degree Cert diploma offer
hfyyb
 
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
Osisko Gold Royalties Ltd
 
GeShiDo Foundation Investor Package-v3 June 2024
GeShiDo Foundation Investor Package-v3 June 2024GeShiDo Foundation Investor Package-v3 June 2024
GeShiDo Foundation Investor Package-v3 June 2024
Place2Give Foundation/Karma & Cents Inc.
 
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls ServiceThane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
krishi sain
 
LBS degree offer diploma Transcript
LBS degree offer diploma TranscriptLBS degree offer diploma Transcript
LBS degree offer diploma Transcript
fyncacy
 

Recently uploaded (18)

WRN_Corporate_Presentation_July_2024.pdf
WRN_Corporate_Presentation_July_2024.pdfWRN_Corporate_Presentation_July_2024.pdf
WRN_Corporate_Presentation_July_2024.pdf
 
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
 
The impact of foreign direct investment on sustainable growth in Nigeria
The impact of foreign direct investment on sustainable growth in NigeriaThe impact of foreign direct investment on sustainable growth in Nigeria
The impact of foreign direct investment on sustainable growth in Nigeria
 
About Ambassador Olloh Anthony Chinedu, CEO, RoadCEO Liberia Investments
About Ambassador Olloh Anthony Chinedu,  CEO, RoadCEO Liberia InvestmentsAbout Ambassador Olloh Anthony Chinedu,  CEO, RoadCEO Liberia Investments
About Ambassador Olloh Anthony Chinedu, CEO, RoadCEO Liberia Investments
 
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
High Profile Girls Call Vadodara 🛵🚡9920725232 💃 Choose Best And Top Girl Serv...
 
Greenwich degree offer diploma Transcript
Greenwich degree offer diploma TranscriptGreenwich degree offer diploma Transcript
Greenwich degree offer diploma Transcript
 
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirtsTrump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
Trump Grazed and Unfazed t shirts Trump Grazed and Unfazed t shirts
 
CITY degree offer diploma Transcript
CITY degree offer diploma TranscriptCITY degree offer diploma Transcript
CITY degree offer diploma Transcript
 
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
l'ambassadeur de l'Afrique Newsletter, he official report and newsletter of R...
 
Trump FIGHT FIGHT FIGHT T shirts sweatshirt
Trump FIGHT FIGHT FIGHT T shirts sweatshirtTrump FIGHT FIGHT FIGHT T shirts sweatshirt
Trump FIGHT FIGHT FIGHT T shirts sweatshirt
 
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
Exclusive Girls Call Navi Mumbai 🛵🚡9820252231 💃 Choose Best And Top Girl Serv...
 
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf20240709 CDB Investor Deck_Jul24_vF_Website.pdf
20240709 CDB Investor Deck_Jul24_vF_Website.pdf
 
UCL degree offer diploma Transcript
UCL degree offer diploma TranscriptUCL degree offer diploma Transcript
UCL degree offer diploma Transcript
 
Bath Spa University degree Cert diploma offer
Bath Spa University degree Cert diploma offerBath Spa University degree Cert diploma offer
Bath Spa University degree Cert diploma offer
 
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
Osisko Gold Royalties Ltd -Corporate Presentation, July 2024
 
GeShiDo Foundation Investor Package-v3 June 2024
GeShiDo Foundation Investor Package-v3 June 2024GeShiDo Foundation Investor Package-v3 June 2024
GeShiDo Foundation Investor Package-v3 June 2024
 
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls ServiceThane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
Thane Girls Call WhatsApp Numbers 🫦9910780858🫦 List For Friendship Girls Service
 
LBS degree offer diploma Transcript
LBS degree offer diploma TranscriptLBS degree offer diploma Transcript
LBS degree offer diploma Transcript
 

Corporate Presentation Probe June 2024.pdf

  • 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 Gold 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 The technical and scientific information contained herein relating to the Novador (Former Val-d’Or East) Project is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”). The Reports are available on SEDAR at www.SEDAR.com under the Company’s issuer profile and on Probe Gold website at www.probegold.com. The 2023 Novador Mineral Resource Estimates were independently prepared by InnovExplo Inc. and are dated January 16, 2023, and July 13, 2023. A Preliminary Economic Assessment report has been prepared by Ausenco Engineering Canada Inc ULC in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is dated February 12, 2024. Ausenco was appointed as lead consultant in August 2023 to prepare the updated PEA in accordance with NI 43-101 and was assisted by Moose Mountain Technical Services for the mine design. The independent PEA was prepared through the collaboration of the following firms: Ausenco Engineering Canada ULC (Ausenco), Moose Mountain Technical Services (MMTS), InnovExplo, Knight Piésold Ltd. (KP), Richelieu Hydrogéologie Inc., Lamont Inc. and Rock Engineering Consulting Services. These firms provided mineral resource estimates, design parameters and cost estimates for mine operations, process facilities, major equipment selection, rock and tailings storage, reclamation, permitting, as well as operating and capital expenditures. 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 prefeasibility studies, or economic studies, except for a Preliminary Economic 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 reader is advised that the Preliminary Economic Assessment summarized in this presentation is intended to provide only an initial, high-level review of the project potential and design options. Currency Unless otherwise indicated, all dollar values herein are in Canadian $.
  • 3. One of the Top Undeveloped Projects in Canada 3 1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release 2 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – September 2021 3 Mineral Resources Statement, InnovExplo Inc.– January 2023 & July 2023 ROBUST PRELIMINARY ECONOMIC ASSESSMENT FEBRUARY 20241 ▷ After-tax C$910M NPV5% & After-tax 24.4% IRR at US$1,750 Gold Price ▷ 12.6 Year Mine Life, yielding over 24% more gold than 2021 PEA, 77% in the M&I category2 ▷ 23% increase in average gold production to 255,000 Gold Ounces/year over the LOM, with over 281,000 Gold ounces per year in the first 5 years ▷ Average cash cost of $841/oz Au, all-in sustaining (“AISC”) cost of US$1,038/oz Au ▷ Initial Capital Expenditure of C$602M ▷ Project advancing towards pre-feasibility, focusing on reducing the permitting timeline and continuing drilling program for resource upgrade and expansion LARGE GOLD RESOURCES IN VAL-D’OR, AND GROWING ▷ Total inventory of 3.8Moz M&I, 1.4Moz Inferred Category3 ▷ Increase of 30% in total size and 111% in Measured and Indicated category from 20213 ▷ 76% of Resource in Measured and Indicated (“M&I”)category3 LARGE LANDHOLDINGS IN TOP MINING JURISDICTION ▷ Novador 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 $19M IN CASH TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING SHAREHOLDER VALUE Exceeding our goals M&I Resources (koz) Inferred Resources (koz) RESO URCE GRO W TH 2.5Moz 5.0Moz Increased the gold resource by more than 5 times since acquiring the project in 2016
  • 4. 4 District-scale project in a mining friendly jurisdiction with road, rail and hydroelectric power Strategic Land Position in a World Class Mining District Val-d’Or, Quebec Beaufor Deposit: Source-NI43-101 Technical Report Beaufor Gold – July 2021 McKenzie Break Deposit: Source – NI 43-101 Technical Report McKenzie Break – October 2021
  • 5. Novador PEA1 - Summary 5 1Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release (February 2024)1,2 2024 (C$) 2021 (C$) Pre-Tax NPV (5%) $1,530M $991M Pre-Tax IRR 34.4% 47.2% After-Tax NPV (5%) $910M $598M After-Tax IRR 24.4% 32.8% Pre-Tax Payback Period 3.5 years 1.8 years After-Tax Payback Period 4.4 years 2.7 years Average Annual Gold Production 255,000 oz 207,000 oz Initial Capital $602M $353M Sustaining Capital $818M $602M LOM average cash cost/oz US$841 US$786 LOM Average AISC*/oz US$1038 US$965 Mine Life 12.6 years 12.5 years Throughput – Mill and Leach (tpd) 15,500 10,000 Mill Grade & Recovery 1.30 g/t & 95.7% 1.88 g/t & 94.7% Gold Price US$1,750 US$1,500 FX Rate (CDN/US$) $0.74 $0.75 2024 Summary ▷ +250Koz/y production profile ▷ 24.4% IRR ▷ $910MM NPV ▷ 77% in M&I (2021 – 44%) ▷ Ore sorting removed from flowsheet ▷ Require larger mill ▷ No grade enhancement ▷ Mill grade stays at resource grade Next Steps ▷ Working towards PFS ▷ Advancing permitting process ▷ Continued resource expansion and conversion
  • 6. Novador PEA1 – Robust Economics 6 1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release 255,000 oz Au AVERAGE ANNUAL PRODUCTION 12.6 Years MINE LIFE $602M INITIAL CAPEX US$841/oz AVERAGE CASH COST US$1,600 oz/Au Base Case US$1,750 oz/Au US$1,900 oz/Au US$2,000 oz/Au $626M After-Tax NPV5% $910M After-Tax NPV5% $1,188M After-Tax NPV5% $1,371M After-Tax NPV5% 18.5% After-Tax IRR 24.4% After-Tax IRR 30.1% After-Tax IRR 33.6% After-Tax IRR 1.0x NPV5%/Capex 1.5x NPV5%/Capex 2.0x NPV5%/Capex 2.3x NPV5%/Capex 5.5 years Payback 4.4 years Payback 3.8 years Payback 3.4 years Payback
  • 7. Novador PEA1 – Robust Project Economics 7 Projected Annual Gold Production Cash Flow Analysis Ø Projected gold production averages 281,000 ounces per year in years 1 to 5 Ø The Life of Mine production averages 255,000 ounces per year Ø Total gold produced 3.2 million ounces Ø Gold Price = US$1,750 oz Ø After-Tax NPV5%= C$910M Ø After-Tax IRR = 24.4% Ø NPV5%/Initial Capex = 1.5x 1 Preliminary Economic Assessment, Ausenco Engineering Canada Inc. – February 13, 2024, News Release
  • 8. Novador Project Process Layout 8 ▷ Initial capacity at 15,500 tonnes per day ▷ Year 6 of production to increase the plant capacity at an average throughput of 19,200 tonnes per day
  • 9. Novador Project Site Layout 9 ▷ Close proximity to Val- d’Or City ▷ Infill backfilling of two open pits with waste rock or tailings ▷ Leveraging of existing infrastructure to minimize operating costs
  • 10. Novador Project – Path to Production 2020 2024 2027-2028 2025-2026 2029 • Updated PEA • Updated Resource Estimate • Permitting- start Phase II • Condemnation drilling • Geochemical and geotechnical studies • Baseline studies • Feasibility Study • Permitting – Final Environmental approval • Start of Construction • Infill Drilling • Pre-feasibility Study • Condemnation drilling • Permitting - Submit Environmental Impact Assessment (EIA) 10 • Start of Production
  • 11. Novador Project – 2023 Updated Resources Summary 11 Novador Property (100% interest) Deposit/ Category Pit-constrained Resources Underground Resources Total Tonnes Grade (Au g/t) Gold (oz.) Tonnes Grade (Au g/t) Gold (oz.) Tonnes Grade (Au g/t) Gold (oz.) Monique Deposit (2023 RE)1 M&I** 36,914,400 1.42 1,685,300 4,929,300 2.23 353,600 41,843,700 1.52 2,038,900 Inferred 4,349,700 1.36 190,200 2,383,500 2.18 167,000 6,733,200 1.65 357,200 Pascalis Deposit (2023 RE)2 M&I** 16,366,300 1.70 894,000 2,361,000 2.47 187,900 18,727,300 1.80 1,081,900 Inferred 1,938,300 1.21 75,700 2,024,100 2.57 167,200 3,962,400 1.91 242,900 Courvan Deposit (2023 RE)2 M&I** 6 372 600 1.77 363, 400 647, 100 3.02 62, 900 7, 020, 000 1.89 426, 300 Inferred 3 627 600 1.77 206, 900 2, 394, 700 3.67 282, 300 6, 022, 600 2.53 489, 200 - Additional Pit Constrained Resource1 of 246,900 ounces in the Measured and Indicated and 90,100 ounces in the Inferred categories from mineralized waste, between 0.2 g/t Au and 0.42 g/t Au, from industrial sorting, averaging 0.3 g/t Au 1Mineral Resources Statement, , InnovExplo Inc.– January 2023 2Mineral Resources Statement, , InnovExplo Inc.– July 2023 3Mineral Resources Statement, , Goldminds Inc.– July 2021 - Additional Historical Inferred Resources3 of 239,200ozs from other deposits (Lapaska & Sleepy)
  • 12. Detour Gold Project 12 90km of untested potential Highlights ▷ New Cu-Au-Mo-Ag discovery on La Peltrie Option ▷ 2,683-metre drill program on La Peltrie intersected 1.17% Copper and expanded the Cu-Au-Ag- Mo Mineralized System ▷ Assays pending for 100%- owned Detour property Map 1
  • 13. 13 KEY MILESTONES AHEAD ▷ Advancement of the project towards pre-feasibility, with a focus on: ▷ Reducing the permitting timeline ▷ Continuing the drilling program for resource upgrade and expansion ▷ Drill results from Novador, Detour, and Croinor projects from 2023 programs ▷ Updated Mineral Resource Estimate: for Val-d’Or properties capturing results from additional drilling in 2023 and 2024 2024 Milestones
  • 14. Capital Structure PROBE GOLD INC. Market capitalization $224.0 million Shares outstanding (basic) 170.9 million Shares outstanding (fully diluted) 183.2 million Cash ~$19 million 52-week trading range $1.87 - $1.21 Recent Price (11/06/2024) $1.30 TOP SHAREHOLDERS Eldorado Gold Caisse de dépôt et placement du Québec Franklin Templeton Libra Advisors Kingsley Advisors Investment Quebec Van Eck Merk Investments Gabelli Funds GAM Holding AG Fonds de solidarité FTQ SIDEX Management and Directors (7%) 14 ANALYST COVERAGE Beacon Securities Bereket A. Berhe BMO Capital Markets Andrew Mikitchook CIBC Allison Carson Canaccord Jeremy Hoy SCP Resource Finance Brandon Gaspar Good Structure Strong Support Well Funded
  • 15. Leadership Team 15 DAVID PALMER President, Chief Executive Officer and Director MARCO GAGNON Executive Vice President 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 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 Vice President, 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 Team with Track Record of making Discoveries
  • 16. Board Of Directors 16 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) ▷ Former Director of Probe Mines (2001-2015) ▷ Founder of Peterson McVicar LLP ▷ Has 25 years of experience as a corporate securities lawyer DENNIS PETERSON Director JAMIE HORVAT Director ▷ Director, Pension and Capital Management, P.E.I ▷ Former Director, Global Equities, for a large U.K. based Asset Manager ▷ Former CIO, Oberon Capital Corporation ▷ Former Director, Troilus Gold ALEKSANDRA BUKACHEVA Director ▷ Director, Montage Gold ▷ Former Director, Battle North Gold ▷ Former EVP Corp. Development Element 29 Resources ▷ Former Analyst, BMO Capital Markets ▷ Currently, President and CEO of IAMGOLD ▷ Former President and CEO of New Gold Inc. ▷ Former President and CEO of Richmont Mines RENAUD ADAMS Director Experienced Board Members SHANNON MCCRAE Director ▷ Director, Atacama Copper ▷ Former Director of Exploration and Growth, Barrick Gold