Montage Gold

Financials:

Primary ticker: TSXV:MAU
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Koné Gold Project
Project location: Côte d’Ivoire
Website: www.montagegoldcorp.com

Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in northwest Côte d’Ivoire, which currently hosts a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold. Montage is in the process of consolidating ~900km2 of ground contiguous to the KGP that will position the company with 10+ high-grade exploration targets. Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa.

Cash: CAD$5M
Debt: NIL

Major shareholders:
Perseus Mining – 20.6%
Lundin Family Trusts – 9.8%
Barrick Gold – 9.7%
Sandstorm Gold – 6.0%
Endeavour Mining – 4.1%
Management Ownership – 5.6%

Management Profile

Hugh Stuart – President
During his career, Mr. Stuart has been instrumental in the grassroots discovery of three gold deposits and the significant growth of two pre-existing gold deposits in Africa. From 1994 to 2001, Mr. Stuart worked for Ashanti Goldfields Inc. and led the team responsible for the discovery of the multi-million ounce Geita gold deposit in Tanzania. The Geita gold deposit entered production in 2000 and is currently owned by Anglogold Ashanti and is one of its flagship mines today. In 2003, Mr. Stuart joined Red Back Mining and for 7 years he led the exploration teams responsible for significant growth in Mineral Resources at the Chirano gold deposit in Ghana and the Tasiast gold deposit in Mauritania, both of which are significant multi-million ounce gold deposits that are currently in production. While with Orca, Mr. Stuart was responsible for the grassroots discovery of the multi-million ounce Block 14 Gold Project located in Sudan and the Koné deposit at the Koné Gold Project.

Adam Spencer – EVP Corp Dev
Mr. Spencer is the Executive Vice President, Corporate Development of Montage and brings over 15 years experience in all aspects of mining capital markets. Mr. Spencer is a former Senior Vice President of Corporate Development at Sandstorm Gold Royalties, a position he held until November 2020. Prior to Sandstorm, Mr. Spencer was a Director of Investment Banking at Cormark Securities Inc. Mr. Spencer has extensive experience in capital raising, advisory, complex structuring and corporate development. Mr. Spencer also serves as a Director of Reefton Goldfields Ltd., a private mineral exploration company with properties in New Zealand.

What is your rationale for taking part in 121 Mining Investment?

We are looking for new investors to buy Montage shares in the open market.

What recent news would you like to highlight to investors attending?

Sep 8, 2022: Montage Announces Government Approval of Mankono Exploration Permits and Provides Corporate Updates
Aug 30, 2022: Montage Gold Corp. Appoints Richard P. Clark as CEO
Jun 30, 2022: Montage Closes $20 Million Private Placement of Subscription Receipts
Jun 8, 2022: Montage Enters into Agreement with Barrick and Endeavour to Expand Koné Gold Project and Arranges $20 Million Bought Deal Financing

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Close the acquisition of the Mankono-Sissedougou Project from Barrick and Endeavour and to begin drilling mulitple high-grade satellite targets within trucking distance to the Koné deposit.

6 Months:
Demonstrate multiple resource development targets within our expanded land package at the Koné Gold Project

12 Months:
Completion of an updated ecomomic study of the Koné Gold Project incorporating multiple high-grade satellite deposits to enhance economics.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Overall challenging market conditions for junior gold stocks. We are staying focused on executing to our plan and managing our cash balance.

What do you think makes your company such a compelling investment?

1. Large reserve base of 3.4Moz at Koné deposit provides for significant production potential and long mine life
2. 14 drill-ready exploration targets within trucking distance of the Koné deposit
3. Aggressive exploration program planned over next 12 months to deliver high-grade results
4. Control of a 2,258km2 district in a prolific gold producing region of West Africa
5. Led by Rick Clark and Hugh Stuart, both experts in Africa with strong track records of significant value creation
6. Exceptional shareholder base including: Perseus, Barrick, Lundin, Endeavour and Sandstorm

What are the top 3 key investor takeaways?

1. Very simple open pit project with scale and significant land package for exploration.
2. Expected long mine life at low cost producing +200koz for upwards of 15 years.
3. Led by one of the most successful management teams in West African gold.