PowerPoint Presentation€¦ · Title: PowerPoint Presentation Author: Terry Dove Created Date:...

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INVESTOR HANDBOOK - Summer 2018 SUCCESS IN ONE OF THE WORLD’S RICHEST GOLD DISTRICTS

Transcript of PowerPoint Presentation€¦ · Title: PowerPoint Presentation Author: Terry Dove Created Date:...

Page 1: PowerPoint Presentation€¦ · Title: PowerPoint Presentation Author: Terry Dove Created Date: 7/20/2018 10:30:55 AM

INVESTOR HANDBOOK - Summer 2018

SUCCESS IN ONE OF THE WORLD’SRICHEST GOLD DISTRICTS

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SAFE HARBOUR

Certain statements contained herein regarding the Company and its operations constitute “forward-

looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding

future estimates, plans, objectives, assumptions or expectations for future performance, are “forward-

looking statements.” We caution you that such “forward looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially

from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious

metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated

with exploration and mining operations, changes in legal, social or political conditions in the

jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company’s filings with Canadian and American Securities regulatory agencies.

Resource and production goals and forecasts may be based on data insufficient to support them.

Mr. Garth D. Kirkham, P.Geo., and Mr. Peter Stokes, P.Eng., of Beacon Hill Consultants (1988) Ltd. and Mr. Robert McCusker, Consultant Geologist and Project Manager are Qualified Persons in accordance

with NI 43-101. Messrs Kirkham, Stokes and McCusker are independent of Coral as defined by NI 43-

101 and are responsible for the technical data in the resource estimate.

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1. Strong Balance Sheet with C$19M in Cash

2. Barrick Royalty – sliding scale 1% to 2.25%

3. Diverse Approach to Growth & Revenues

4. Prime USA Location & Properties

5. Proven Mining Management

6. Long-term Relationship with Barrick Gold

7. Exceptional Share Structure

8. Success in One of the World’s Richest Gold Districts

INVESTMENT CASE FOR CORAL GOLD

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THE BARRICK ROYALTY

Coral’s Sliding Scale Royalty with Barrick

AVERAGE GOLD PRICE DURING THE QUARTER (USD) APPLICABLE NSR RATE

Up to and including $1,200.00 1.00%

$1,200.01 to $1,400.00 1.25%

$1,400.01 to $1,600.00 1.50%

$1,600.01 to $1,800.00 1.75%

$1,800.01 to $2,000.00 2.00%

Over $2,000.00 2.25%

US$500,000 annual royalty begins Jan 1 2025 if Robertson not in production by Dec 31 2024

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CORAL GOLD SNAPSHOT

Gold exploration company focused on the Cortez Gold Trend of Nevada, USA

Projects:

Robertson Property (royalty agreement

with Barrick Gold)

Norma Sass (100% Coral Gold)

JDN (100% Coral Gold)

Eagle (100% Coral Gold)

Shares Outstanding: 47,315,337*

Shares Traded:

TSX.V, Symbol CLH; OTCQX, Symbol CLHRF

Frankfurt GB8

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*As of October 31, 2017

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CORAL PROJECTS ON THE CORTEZ TREND

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NEAR THE CORTEZ/PIPELINE MINE COMPLEX

On trend with Barrick Gold’s Cortez and Pipeline Gold Mines as well as other major discoveries.

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CORTEZ REGION: BARRICK’S SUCCESS

Pipeline, Cortez Hills and Goldrush represent three of the largest Carlin-type gold deposits in the world. They make up Barrick’s lowest-cost assets with:

► 50 million+ oz gold reserves & resources

► Producing ~ 1.0 million oz per year

► Projected All-in Sustaining Costs of $517/ounce1

1 Barrick Gold Corporation 2016 Annual Report.

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ROBERTSON PROPERTY OVERVIEW

Advanced-staged exploration project located immediately adjacent to the Pipeline gold mine

Sale to Barrick Gold, completed June 2017

Sliding-scale royalty agreement

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ROBERTSON PROPERTY

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ADJACENT TO BARRICK’S CORTEZ MINING COMPLEX

► Over the past 25 years, Coral Gold and its venture partners spent more than $25 million exploring the claims

► This activity led to the discovery of a gold resource exceeding 2.7M ounces and a deep, Lower Plate target

► Barrick expected to continue property development towards production

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Return of 4,150,000 CLH common shares held by Barrick (approximately 8.7% of CLH shares outstanding)

Sliding scale 1% to 2.25% net smelter returns royalty on the Robertson Property (details slide #11)

Payable quarterly, subject to potential advance royalty payments

Right of first refusal enables Barrick to acquire the NSR in the event that the Company wishes to sell to any third party.

THE BARRICK ROYALTY

A Major Turning Point - the Path to Royalty Revenue

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Pre-feasibility, Plan of Operation, EIS – all simultaneously

Coral management owns 30% - hostile takeover not likely

BLM – no longer than 12 months to review EIS

Barrick Pushing Development at Robertson

THE BARRICK ROYALTY

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CategoryQty

(Tons)Grade

(oz Au/Ton)Qty

(oz Au)

Inferred Resource* 191,725,418 0.0143 2,741,673

* See resource disclosure on slide #13

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ROBERTSON CORE CLAIMS UPPER PLATE RESOURCE TO DATE*

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* See resource disclosure on slide #16

DISCLOSURE FOR CORE CLAIMS RESOURCE ESTIMATE

Gold Price: US$1,350/ozCutoff Grade: 0.0067 oz Au/ton Mining Cost: US$1.02/tonProcessing Cost: US$5.00/ton Waste Cost: US$1.14/tonDrilling: 1,160 holes, 533,453 feet

(162,638m)

Mr. Garth D. Kirkham, P.Geo., and Mr. Peter Stokes, P.Eng., of Beacon Hill Consultants (1988) Ltd. and Mr. Robert McCusker, Consultant Geologist and Project Manager are Qualified Persons in accordance with NI 43-101. MessrsKirkham, Stokes and McCusker are independent of Coral as defined by NI 43-101 and are responsible for the technical data in the resource estimate.

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, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to the Indicated or Measured mineral resource category.

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“We are excited to add Robertson to our pipeline of projects at the Cortez property, where our vision is to create a multi-mine operation that will deliver long-term value to our shareholders and our government and community partners in Nevada.”

Rob Krcmarov, Barrick Gold Senior Vice President,Global Exploration

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NORMA SASS CLAIMS

► Located immediately south of the Gold Acres mine and west of Pipeline

►Drilling by Coral and Cortez Gold Mines has encountered a number of significant gold intercepts at depths of 110 to 1,060 feet

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NORMA SASS

NORMA SASS – 100% owned

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JDN CLAIMS

► 27 claims (560 acres) 10 miles NNW of Gold Acres and Pipeline Gold Mines

► Adjoins the Cortez Hilltop deposit: indicated resource 700,000 oz Au

► Underlain by the same formations that host the Hilltop deposits

► A series of showings (Jet Age Silver zone) occur in the south central part of the JDN claim block.

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JDN – 100% owned

JDN

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EAGLE

► Located west of the Norma Sass Property and Gold Acres Mine

► Drilled 28 holes in two campaigns, hitting numerous intersections of anomalous gold

► Drilling depths ranged from 120’ to 700’

EAGLE CLAIMS

EAGLE – 100% owned

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CAPITALIZATION*

Shares Outstanding 47,438,337Warrants Outstanding 3,364,500Options 3,295,000Fully Diluted 54,097,837Cash and Cash Equivalents C$18,553,615

* As of April 30, 2018(Q1) FS

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CONTACT

Thank You!

Corporate Communications

David Wolfin, PresidentInvestor Relations: [email protected]

www.coralgold.com