Chesapeake Gold (CKG) Corporate presentation summary

Strategic positioning and asset overview

• Holds one of the world's largest undeveloped gold-silver deposits, with measured and indicated resources of 17Moz gold and 423Moz silver, plus inferred resources of 2Moz gold and 59Moz silver at Metates.

• Metates project re-envisioned as a low-capex, sulphide heap leach operation, reducing initial capital by 90% to $359M and extending mine life to 31 years.

• Lucy Project in Sinaloa is a new oxide gold discovery, with a 700m mineralized skarn open along strike and at depth, and high-grade near-surface intercepts.

• Well-funded with C$12M in treasury and over 40% insider and supportive shareholder ownership.

Project economics and financials

• Metates 2021 PEA base case: $1.1B pre-tax NPV (5%), 35% IRR, 2.5-year payback at $1,600/oz gold and $22/oz silver.

• Life-of-mine operating cash flow of C$3.5B, average annual gold equivalent production of 147Koz (years 1–15).

• All-in sustaining cost (AISC) of $749/oz Au, with significant leverage to higher gold and silver prices.

• Trades at a significant discount to peers on an EV/oz basis, offering strong re-rating potential.

Technological innovation and environmental impact

• Proprietary oxidative leach technology achieves over 70% gold recovery, with testwork showing up to 74% recovery in 2024.

• Technology reduces water and energy consumption, lowers GHG emissions, and eliminates tailings, supporting a "Green Gold" approach.

• Accelerated oxidation kinetics: new testwork achieves 15–16% oxidation in 60 days, three times faster than previous results.

• Technology is protected by patents and being tested on third-party projects for broader commercialization.