PRECIOUS METALS SUMMIT ZURICH NOVEMBER 2025 TSX:JAG 1 OTCQX:JAGGF DISCLAIMERS AND CAUTIONARY STATEMENTS This presentation ("Presentation") does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities, nor does it constitute investment advice or an offering memorandum. Readers should review this Presentation in conjunction with all of the public disclosure of Jaguar Mining Inc. ("the Company") available under the Company's profile on www.sedarplus.ca. This ...

Scorpio Gold Unveils 19 High Potential Gold Exploration Targets at the Manhattan District, NevadaNovember 11, 2025 6:00 AM EST | Source: Scorpio Gold CorpVancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", "Scorpio" or the "Company") is pleased to provide an update on 19 high-potential exploration targets at the 100%-owned Manhattan District ("Manhattan") located in Nevada, USA. "The scale and oppor ...

Core Insights - Perpetua Resources Corp. (PPTA) is positioned to become one of the lowest-cost gold producers in a Tier 1 jurisdiction with its Stibnite project located in the US [1] Company Overview - Perpetua Resources Corp. is a single-asset developer focusing on gold production [1] - The Stibnite project is highlighted for its potential to deliver high-quality gold at low costs [1] Investment Perspective - The mining industry is believed to be entering an upward supercycle, particularly in base metals, which may present significant investment opportunities [1]

Core Insights - Perpetua Resources Corp. (PPTA) is positioned to become one of the lowest-cost gold producers in a Tier 1 jurisdiction with its Stibnite project located in the US [1] Company Overview - Perpetua Resources Corp. is a single-asset developer focusing on gold production [1] - The Stibnite project is highlighted for its potential to deliver high-quality gold at low costs [1] Investment Perspective - The mining industry is believed to be entering an upward supercycle, particularly in base metals, which may present significant investment opportunities [1]

Core Insights - Novo Resources Corp. has reported promising early-stage exploration results from its Pilbara project portfolio, particularly in the Teichman area and Sherlock Crossing, indicating significant potential for gold and antimony deposits [2][3][5]. Exploration Results - The geological work at Teichman has identified multiple prospective drill targets over an area of 1.3 x 2.5 km, with notable rock chip assay results including peak values of 77.5 g/t Au and 51.4 g/t Au, with 11 of 87 samples exceeding 10 g/t Au [5][9]. - Drilling at Sherlock Crossing yielded significant results, including 3 m at 2.96 g/t Au and 1.86% Sb from 108 m, with a peak of 1 m at 7.71 g/t Au and 4.77% Sb [5][19]. Project Developments - The Teichman area is characterized by complex geology and multiple vein arrays, with ongoing exploration activities aimed at preparing for a maiden drill program [3][12]. - Follow-up mapping and sampling at the Wyloo Sb-Ag-Au Prospect is scheduled for late 2025, with drilling planned for Q1 2026 [5][24]. Joint Ventures and Partnerships - Northern Star Resources is actively exploring the Egina Joint Venture, focusing on major gold deposits, with a commitment to continue exploration activities [3][25]. - The Egina project involves a farm-in agreement where Northern Star is investing A$25 million over four years for a 50% interest, indicating strong collaborative efforts in the region [36].

Summary of Contango Ore (NYSEAM:CTGO) 2025 Conference Call Company Overview - Contango Ore is an NYSE American-listed company involved in gold mining projects in Alaska, specifically the Montreal, Lucky Shot, and Johnson Track projects [1][2][3] Key Projects and Production Plans - **Montreal Project**: - Currently in production through a joint venture with Kinross, where Contango owns 30% - Produces approximately 60,000 ounces of gold annually, generating about $100 million in free cash flow at a gold price of $3,500 per ounce [1][2] - The project utilizes a direct shipping ore (DSO) model, avoiding the need for building a mill and tailings facilities [4][5] - **Lucky Shot Project**: - Fully permitted underground mine, currently undergoing a feasibility study - Expected to produce about 40,000 ounces of gold per year [2][3] - Plans to invest around $50 million to bring this project into production within two years [3][4] - **Johnson Track Project**: - Currently in the permitting stage, with a robust ore body containing gold, silver, copper, lead, and zinc - Expected to double production capacity to 200,000 ounces of gold annually once operational [4][16] Financial Performance and Shareholder Value - Contango has a tight share structure with 15.5 million shares outstanding and management owning about 20% of the company [2][4] - The company has reduced its debt from $60 million to approximately $15 million [2] - Free cash flow generation is strong, with projections of $3 per share under hedged conditions, potentially increasing to $8 when unhedged, and up to $15 with the five-year production growth plan [10][20] Direct Shipping Ore (DSO) Model - The DSO model allows for quicker production without extensive permitting challenges, as it involves mining at the site and transporting ore directly to existing processing facilities [5][11] - This model significantly reduces capital expenditure and environmental impact [5][11] Permitting and Infrastructure - The Montreal project is located on land owned by the Tetlan Tribe, which has a 3% royalty agreement [6] - The Johnson Track project benefits from existing land easements and is expected to receive necessary permits by Q1 2026 [17][18] Market Outlook and Strategic Positioning - The company is optimistic about the gold market, expecting prices to continue rising [10] - Contango focuses on high-grade deposits, avoiding lower-grade resources to ensure profitability [11] Additional Considerations - The company is exploring alternative processing options, including potential partnerships for processing in Taiwan [15] - The Johnson Track project is positioned to take advantage of the current administration's interest in critical metals, enhancing its permitting prospects [17] This summary encapsulates the key points discussed during the conference call, highlighting Contango Ore's strategic initiatives, financial health, and market positioning.

Tesoro Gold Conference Call Summary Company Overview - **Company**: Tesoro Gold Ltd - **Project**: El Zorro Gold Project - **Location**: Northern Chile, Atacama Desert - **Current Resource**: 1.8 million ounces constrained within a $3,000 per ounce pit, with an unconstrained resource of 2 million ounces [1][2] Key Points and Arguments Resource Development - **Drilling Campaign**: A 20,000 meter drilling campaign at the Tenera gold deposit has added 500,000 ounces to the resource, bringing the total to 1.8 million ounces [1][2] - **Resource Classification**: 60% of the resources are classified as indicated, with an average of around 5,000 ounces per vertical meter, indicating strong mining potential [3] - **Metallurgical Recovery**: The project boasts over 94% recovery across all grade ranges, with a significant portion of gold recoverable through gravity circuits [4] Economic Viability - **Scoping Study**: An updated scoping study indicates a robust project with a base case using a $2,750 per ounce gold price, projecting an average production of 111,000 ounces per year for the first nine years at an all-in sustaining cost of around $1,200 per ounce [11] - **NPV and IRR**: The post-tax NPV at a 7.5% discount rate is $663 million, with potential NPV reaching $1.3 billion at higher gold prices [12] Infrastructure and Location - **Strategic Location**: The project is located 13 km from the coast and near the Pan-American Highway, with power and water sources within 20 km [6][7] - **Water Source**: Water for processing will come from a nearby desalination plant, which is advantageous due to its low salinity [8][9] Future Plans - **Pre-Feasibility Study**: The company is fully funded to complete a pre-feasibility study by April next year, with ongoing drilling to improve resource classification [5][13] - **Exploration Campaign**: An extensive exploration campaign is underway to grow the Tenera deposit and explore new targets within a 5 km radius [14][17] Regulatory Environment - **Permitting Process**: The permitting process in Chile is described as straightforward, with baseline studies already commenced [13][14] Additional Important Information - **Strategic Investment**: Gold Fields holds a 13% stake in Tesoro Gold, having invested approximately AUD 13 million [6] - **Emerging Targets**: New targets are emerging along a defined gold corridor over 30 km long, with promising results from recent drilling [15][17] - **Growth Potential**: There is a clear pathway to potentially increase the resource to around 3 million ounces based on current exploration results [17] This summary encapsulates the critical aspects of Tesoro Gold's conference call, highlighting the company's strategic position, resource potential, economic viability, and future plans in the gold mining sector.

Core Viewpoint - AngloGold Ashanti plc is set to release its third-quarter earnings results on November 11, with expectations of significant earnings growth compared to the previous year [1]. Financial Performance - Analysts predict quarterly earnings of $1.32 per share, a substantial increase from 56 cents per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $2.53 billion, down from $3.37 billion a year earlier [1]. Leadership Changes - On September 30, the company appointed Martin Pawlitschek as the new chief executive officer [2]. Stock Performance - Shares of AngloGold Ashanti rose by 6.8%, closing at $74.10 on Monday [2]. Analyst Ratings - Scotiabank analyst Tanya Jakusconek upgraded the stock from Sector Perform to Sector Outperform, raising the price target from $55 to $90 [4]. - JP Morgan analyst Patrick Jones maintained an Overweight rating and increased the price target from $63 to $70 [4]. - Roth Capital analyst Joe Reagor maintained a Buy rating and raised the price target from $52 to $54 [4].

Core Insights - AngloGold Ashanti plc is set to release its third-quarter earnings results on November 11, with expected earnings of $1.32 per share, a significant increase from $0.56 per share in the same period last year [1] - The anticipated quarterly revenue for AngloGold Ashanti is $2.53 billion, down from $3.37 billion a year earlier [1] Management Changes - On September 30, the company appointed Martin Pawlitschek as the new chief executive officer [2] Stock Performance - Shares of AngloGold Ashanti increased by 6.8%, closing at $74.10 on Monday [2] Analyst Ratings - Scotiabank analyst Tanya Jakusconek upgraded the stock from Sector Perform to Sector Outperform, raising the price target from $55 to $90 [4] - JP Morgan analyst Patrick Jones maintained an Overweight rating and increased the price target from $63 to $70 [4] - Roth Capital analyst Joe Reagor maintained a Buy rating and raised the price target from $52 to $54 [4]

Core Insights - SSR Mining Inc. announced the results of a Technical Report Summary for the Cripple Creek & Victor Gold Mine, highlighting significant financial metrics related to gold prices and mine valuation [1] Financial Metrics - The after-tax NPV5% of the Cripple Creek & Victor Gold Mine is reported at $824 million based on consensus gold prices averaging $3,240 per ounce over the life of the mine [1] - The after-tax NPV5% increases to approximately $1.5 billion if the gold price reaches $4,000 per ounce [1]