Artemis Gold (ARTG) Corporate presentation summary

Growth strategy and production profile

• Blackwater mine is set to become one of the three largest single gold mines in Canada, with production reaching over 500,000 oz annually for the first 10 years after EP2 expansion.

• Phase 1A will increase plant throughput by 33% to 8 Mtpa by Q4 2026 for $110M, while EP2 will add another 13 Mtpa for a total of 21 Mtpa by Q4 2028, funded from operating cash flow.

• 2026 production guidance is 265,000–290,000 oz gold at an AISC of $925–$1,025/oz, among the lowest globally.

• No equity dilution since 2023; board and management own 39% of shares.

• Gold reserves stand at 8 million ounces in a Tier 1 jurisdiction.

Operational performance and cost structure

• Achieved commercial production in May 2025, producing 192,808 oz gold in the inaugural year, with Q4 2025 production at 68,480 oz.

• Recoveries improved to 88.1% by year-end 2025, with mill throughput targeted at 10% above design capacity ahead of Phase 1A.

• Life of mine strip ratio is low at 2:1, and the mine benefits from renewable, low-emission hydroelectric power.

• All-in sustaining costs are in the lowest quartile globally, supporting industry-leading margins.

• Phase 1A and EP2 expansions are fully permitted and designed to minimize operational disruption.

Expansion, exploration, and resource upside

• Phase 1A and EP2 expansions will be funded from operating cash flow, with Phase 1A payback in under 6 months.

• EP2 will transform Blackwater into one of the largest, lowest-cost gold mines in Canada, with industry-low capital intensity.

• Resource expansion drilling and regional exploration are underway, with a 1,490 km² land package and over 30 targets identified.

• Current reserves are based on a $1,400/oz gold price; at $2,000/oz, the pit shell and resources could expand significantly.

• Mineralization remains open to the north, northwest, and at depth, with further drilling planned in 2026.