Revitalizing The Homestake District of South Dakota
dakotagoldcorp.com
DAKOTA GOLD CORPORATE PRESENTATION April 8 - 10, 2024
NYSE American: DC
DISCLAIMER
NYSE American: DC
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the statements regarding Dakota Gold Corp.'s ("Dakota Gold", or the "Company") option agreements with Barrick Gold Corporation ("Barrick") and the Company's future exploration plans. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others, the Company's ability to exercise the options with Barrick, the timing of the exercise of the options, the consideration for the options, Barrick's ownership interest in the Company, the Company's ability to create jobs in South Dakota, the potential for gold mineralization in the properties subject to the option, the price of gold, synergies between the option properties and the Company's existing assets, the Company's use of disturbed land, the Company's use of historic data, the Company's exploration plans and the potential of its projects, the state of the economy and financial markets generally and the effect on our industry, and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of Dakota Gold's Annual Report on Form 10-K for year ended December 31, 2023, as amended, as updated by annual, quarterly and other reports and documents that we file with the SEC. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law.
All references to "$" in this presentation are to U.S. dollars unless otherwise stated.
dakotagoldcorp.com | 2
DAKOTA GOLD DELIVERING VALUE
NYSE American: DC
PROGRESS MADE SINCE COMMENCING DRILLING
- Drilling commenced - Jan 2022
- Merger and NYSE American listing - Spring 2022
- Four Drills Operating - 279,921 feet drilled as of Apr 1, 2024
- Private Land (~13k Acres) Secured for drilling - 60 days drill permitting
- Encountered Homestake Formation at depth, proof of concept
- JB Gold Zone Discovery at Maitland - Homestake Formation - West Ledge system analogue
- Unionville Zone Discovery at Maitland - Tertiary Mineralization
- Richmond Hill - S-K1300 maiden resource expected early Q2 2024
- TD Zone Discovery - Rare Earth Elements at Richmond Hill
- Closed Investment with Orion - $17 M* for ~7% ownership
- Planned $30 Million Exploration Program for 2024
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* See Oct 12 and Oct 20, 2023 news releases
DAKOTA GOLD PROJECT AREAS
Homestake District, South Dakota, USA
NYSE American: DC
Over ~48 Thousand Mineral Acres
Incl ~13 Thousand on Private Land
HOMESTAKE DISTRICT HIGHLIGHTS
- World's largest iron formation-hosted gold deposit
- Rare earth elements potential
- Under explored district
- Mining friendly jurisdiction
dakotagoldcorp.com | 4 dakotagoldcorp.com | 4
THE DAKOTA GOLD HOMESTAKE ADVANTAGE
Largest property package in the area; key projects on private land
NYSE American: DC
HOME OF THE | LARGE PROSPECTIVE | EXPERIENCED | +$25.5 MILLION | BARRICK OPTION |
HOMESTAKE MINE | LAND PACKAGE | LEADERSHIP TEAM | CASH BALANCE1 | AGREEMENTS |
• +40M ounce gold producer | • | +48 thousand acre | • | Local leadership | • | Strong cash balance | |
• | World's largest iron | property position with ~13k | |||||
acres on private land | • | Homestake Mine | • | Strategic Partnership | |||
formation-hosted gold | experience | with Orion Mine Finance | |||||
deposit | • | Drilling several targets over | for $17 million. Orion | ||||
• | Over 126 years | next 12 months | • | Track record of finding | purchased 6,666,667 | ||
district-scale projects | shares for ~7% ownership | ||||||
of continuous mining | • | Four drills operating | • | Shareholder alignment - | in the company2 | ||
• | Safe, low-cost jurisdiction | • | Potential to re-purpose | ||||
25% management | |||||||
existing disturbed mineral | ownership | ||||||
property |
- Exclusive access to 145 years of historical exploration data
- Including $70M exploration investment in 1980's & 90's
dakotagoldcorp.com | 5
- Cash as at December 31, 2023
- See Oct 12 and 20, 2023 news releases
HOMESTAKE CORRIDOR PROPERTY
Revitalizing The Homestake District - Over 45M Oz Gold Produced
NYSE American: DC
TINTON
SIGNIFICANCE TO
DAKOTA GOLD
• Target defined by Homestake Mining |
Company's Structural Corridor and City |
Creek Drill Programs in the 1980-90's |
(~230,000 ft of drilling). |
• Multiple zones of gold mineralization in |
repeating fold structures (best |
historical intercept was 24 ft @ 0.204 |
Oz/ton Au). |
BLIND GOLD
HOMESTAKE FORMATION
projected to the surface of the
precambrian unconformity
RICHMOND HILL ~172,000 Oz produced
WHARF MINE
4 million Oz produced
(currently in production)
MAITLAND MINE | Sturgis |
~200,000 Oz | |
produced |
Deadwood | |||||
HOMESTAKE MINE | |||||
~40 million Oz produced | |||||
Lead |
GILT EDGE
~282,000 Oz produced
• Continuous extension of the iron |
formation-host from the Homestake |
Gold Mine. |
LEGEND
DAKOTA | BARRICK | ◉COEUR | ◉AGNICO EAGLE |
◉GOLD | ◉RICHMOND HILL |
miles 1 2
dakotagoldcorp.com | 6
LONG SECTION - HOMESTAKE CORRIDOR
Maitland Gold Project Contiguous to the Historic Homestake Mine
NYSE American: DC
NW
MAITLAND PROPERTY | FORMER HOMESTAKE MINE | ||||
Potential For New Mine Opportunities | 40 Million Ounces Gold Produced | ||||
MG 50' @ 0.109 opt AU | Maitland is 3.4 miles north of | ||||
M27 50' @ 0.122 opt AU | Homestake Mine Open Cut | ||||
M28 75' @ 0.211 opt AU | |||||
M183 80' @ 0.109 opt AU |
SE
Homestake Iron
Formation
Dakota Gold Drilling
Historic Drilling
4 Target Areas Present
Blind Gold Property
Unionville Zone Target
MA93-02 10' @ 0.154 opt AU
Saw Pit
APPROXIMATE
PROPERTY
BOUNDARY
6800 Level
Open Cut
Yates Shaft
4850 Level
Ross Shaft
Grizzly Gulch
Production by ledge
Caledonia | <1 Moz |
Main Ledge | ~19 Moz |
7 Ledge | ~2 Moz |
9 Ledge | ~9 Moz |
11 Ledge | ~2 Moz |
Historic North Drift
Discovery
DBM89-2 15.0' @ 0.333 opt AU
DBM89-2A 25.0' @ 0.139 opt AU
DBM92-3C 24.0' @ 0.222 opt AU
DBM92-3F 3.5' @ 0.547 opt AU
Private Surface Access
Dakota Gold Minerals
#6 Winze
Homestake Surface Option
SDSTA Minerals
13 Ledge | < Moz | ||||
15 Ledge | ~1 Moz | ||||
17 Ledge | ~1 Moz | ||||
19 Ledge | ~3 Moz | ||||
21 Ledge | ~2 Moz | ||||
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MAITLAND GOLD PROJECT
2,112 Private Mineral Acres & Contiguous to the Historic Homestake Mine
NYSE American: DC
MAITLAND GOLD OPPORTUNITY
- Two new gold discoveries next to the largest gold mine in the U.S.
- JB Gold Zone Discovery
- Homestake Mine-Style Formation
- Three Ledges delineated
- Proof of concept
- Unionville Zone Discovery
- Tertiary Epithermal Mineralization
- Maitland is 1.4 miles north of North Drift Discovery and 3.4 miles north of Homestake Mine Open Cut
- Continuous iron formation host rock extending north from Homestake Mine
- Exploration focus for historic Homestake Mining Company's growth strategy in the 1990's
- Private land for drilling
- 153,283 feet drilled as of Apr 1, 2024
Homestake Mine 19 Ledge at same scale and projected to surface.
19 Ledge produced 3 Million Oz Gold
MAITLAND - JB GOLD ZONE
West Ledge System Comparison
NYSE American: DC
North
7.2 m @ | |
8.81 g/t | |
22.6 m @ | 6.7 m @ |
2.50 g/t | 7.78 g/t |
9.5m @ | |
6.99 g/t | |
5.5 m @ | 11.4 m @ |
3.84 g/t | 2.64 g/t |
6.4 m @ | 3.2 m @ |
10.01 g/t | |
4.77 g/t |
- m @
- g/t
South
Dakota Gold
Maitland Drilling
- m @
- g/t
Current area of Maitland Homestake hits are similar dimensions to West Ledge system shown below
19 Ledge
21 Ledge
17 Ledge
Homestake Mine West Ledge
Outline Drawn to Scale for
Comparison to Maitland
Homestake Drill Intercepts
Mineralized Intercept (not always True Thickness)
Un-Mineralized Intercept
Homestake Mine - West Ledge Outline
- 2.74 g/t Gold Cut-off
- Total of 6 million ounces of gold produced from West Ledge
dakotagoldcorp.com | 9
Long Section View
600 Meters
MAITLAND - JB GOLD ZONE
Three Distinct Ledges of High-Grade Homestake Mine-Style Gold
NYSE American: DC
Approx. location of
Level Plan Map at 3,400' Level
*See news release dated Jan 17, 2024
- The width, grade and stratigraphy of intercepts identified at Maitland are analogous to the gold mineralization found in the "West Ledge" system at the historic Homestake Mine
- The West Ledge system produced approximately 6 million ounces of gold
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Disclaimer
Dakota Gold Corporation published this content on 06 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 12:52:08 UTC.