Contango Ore (NYSEAM:CTGO) 2025 Earnings Call Presentation

Company Overview - Contango Ore Inc (CTGO) is an Alaskan focused portfolio executing on a Direct Ship Ore (DSO) model[22, 23, 24] - The company's capital structure includes 126 million issued and outstanding shares and 07 million warrants, resulting in 133 million fully diluted shares[17] - As of June 30, 2025, the company's financial position includes $369 million in cash, $200 million in convertible debentures, and $231 million in debt[18] Manh Choh Mine - Manh Choh mine is Contango's flagship project with commercial production starting in July 2024[27] - The mine is projected to produce approximately 60,000 Gold Equivalent Ounces (GEO) in 2025[26] and generate approximately $450 million in Life of Mine (LOM) free cash flow at $3,200/oz gold[26] - In H1 2025, the mine produced 35,146 ounces of gold, resulting in $54 million USD distribution[37] Lucky Shot Project - Lucky Shot is the company's next DSO project, focused on resource expansion over the next 2-3 years[56] - The project has a current resource of 110,000 GEO at 145 g/t[26] - The company plans to conduct a 15,000m in-fill drill program for resource definition, targeting 30,000 to 40,000 gold ounces initial production[66, 67] Johnson Tract Project - Johnson Tract has a current resource of 11 million GEO at 94 g/t[26] - An initial assessment released in May 2025 shows a Post-Tax NPV5 of $2245 million and a 302% IRR, with a 7-year LOM and a 13-year discounted payback period[26] - The LOM annual average production is estimated at 102,258 GEO at 758g/t GEO[100]