Company Presentation June 2023
The Opportunity
South
North
Fold culmination
Darley's Hill
John's
Harrier
Ellesmere
Falcon
Harrier and Osprey
.
Fosterville - ultra high-grade
Grade gradually increased with depth from 2012-2016
Discovery of Swan Zone in 2017 led to massive grade
increase with highlights including 8.8m @ 991g/t incl.
0.95m @ 9,115g/t¹
Reserve increased to 2.7Moz @ 31g/t² in 2018 with
free milling ore and abundant visible gold
For several years Fosterville was the highest grade
and most profitable mine in the world with cash costs
<$200/oz
Led to land rush in Victoria and significant increase in
gold exploration
Gold (koz)
Metres
Phoenix
1000
Swan
3,000
I Reserve (koz)
2,500
2,000
.
Reminder of the potential of Victoria to host high-
grade gold deposits
1 Kirkland Lake TSX announcement 7 November 2017 "Kirkland Lake Gold
announces 120 metre down-plunge extension of Swan Zone"
2 Kirkland Lake N143-101 issued 1 April 2019 "Fosterville Gold Mine"
16
COMPANY PRESENTATION | June 2023
0
1,500
1,000
I Production (koz)
Reserve Grade (Au g/t)
Lower Phoenix North
Falcon
Lower Phoenix
Open pit
Mined areas and Total Mineral Resources @ 1.5 g/t Au
cut-off, as at 31 December, 2018
Zones with overprinted visible gold + stibnite
Longitudinal projection of the combined Fosterville mineralised zones.
After Fuller and Hann (2019) and Hitchman et al. (2017).
Fosterville Reserve and Production History
9.8
23.1
1,700
2,720
31.0
500
5.2
5.6
491
7.0
4.7
356
207
231
244
182
264
90
98
105
123
152
2012
2013
2014
2015
2016
2017
2018
2019
2,100
35.0
30.0
25.0
1,861
21.8
1,790
1,677
20.0
15.4
15.0
10.9
10.0
10.3
619
640
510
338
5.0
Source: SEDAR MD&A Annual Reports for Crocodile Gold, Newmarket Gold, Kirkland Gold and Agnico Eagle 2012-2022
2020
2021
2022
0.0
Grade (Aug/t)
Falcon
MetalsView entire presentation