Snowline Gold (SGD) investor relations material

Project highlights and economic metrics

• Valley deposit features low strip ratio and high grade, with over 7.4 million ounces in the PEA and an average grade of 1.3 g/t; 39% of gold is in the first 15% of material moved, enabling strong early cash flow.

• Life of mine is projected at 20 years, averaging 341,000 ounces per year, with an initial pulse of 544,000 ounces annually; all-in sustaining costs are sub-$1,000/oz, with upfront costs below $600/oz.

• After-tax free cash flow in years two to six could cover the entire project CapEx in individual years, positioning Valley as a top-tier project among global gold juniors.

• At a $4,500 gold price, project NPV exceeds CAD 11 billion, with strong IRR and rapid payback; 95% of ounces are measured and indicated, with further drilling to be included in the pre-feasibility study.

• If included in a major producer's portfolio, Valley could increase production by 9–22% and reduce all-in sustaining costs by 5–12% for top gold companies.

Development progress and technical studies

• Pre-feasibility study is well underway, with Q1 2027 targeted for delivery; engineering led by Wood, with SRK Consulting and WSP supporting geoscience and tailings.

• Throughput scenarios from 25,000 to 55,000 tons per day are being evaluated, with higher throughput likely for the PFS; trade-offs between cash flow acceleration and CapEx are under review.

• Power remains the largest cost driver, with LNG considered as an alternative to diesel; site layout, tailings, and waste rock co-disposal are being optimized.

• Environmental baseline monitoring has been ongoing since 2022, with expanded studies now covering over 1.5% of Yukon territory.

• Pre-submission engagement with YESAB and First Nations is underway, aiming for co-designed, well-understood permitting submissions.

Community, ESG, and stakeholder engagement

• Recognized locally for environmental and community work; values-based approach is central to operations and culture.

• Signed MoU with the First Nation of Na-Cho Nyäk Dun; ongoing engagement with Kaska Dena and Ross River Dena Council.

• Recent additions to the team include an independent director with Indigenous leadership experience and a site general manager with major project expertise.

• Project's annual production could match Yukon's current GDP, highlighting its regional significance.

• Commitment to operating with integrity and environmental respect, with ongoing efforts to maintain strong local and Indigenous relationships.