Contango Silver & Gold (CTGO) Corporate presentation summary

Strategic positioning and business model

• Focused on high-grade silver and gold production in North America, with operations in Alaska and British Columbia.

• Employs a direct shipping ore (DSO) model, minimizing environmental footprint and capital costs by transporting ore to offsite processing facilities.

• Portfolio includes producing, advanced exploration, and early-stage projects: Manh Choh, Lucky Shot, Johnson Tract, and Kitsault Valley.

• Targets $100M+ annual cash flow from Manh Choh to fund growth without shareholder dilution.

• Dual-listed on NYSE American and TSX, with inclusion in major indices and strong institutional ownership.

Project pipeline and operational highlights

• Manh Choh mine in production, with 2025 guidance of ~60,000 oz gold annually and $550M LOM free cash flow at $4,000/oz gold.

• Lucky Shot advancing to feasibility, targeting 400,000–500,000 oz Au resource and 40,000–50,000 oz annual production by 2028.

• Johnson Tract in permitting, with 1.1 Moz AuEq resource, $615M post-tax NPV5, 60% IRR, and one-year payback at $4,000 gold.

• Kitsault Valley hosts 65 Moz Ag and 1 Moz Au, with a new resource estimate and 40,000m drill program planned for 2026.

• Aggressive exploration and development schedule, fully funded for near-term growth.

Financial and capital structure

• Market cap of $494M, $97.5M cash, and no hedge contracts as of July 2026.

• 33.5M shares outstanding, with 45% institutional/insider ownership.

• Convertible debenture of $20M and $43.6M in debt.

• Positioned at a significant NAV discount relative to peers, offering re-rating potential.