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MONGOLIA’S PREMIER
PRECIOUS METALS
Company

INVESTORS UPDATES

Corporate Presentation May

May 13, 2024

Media Updates:

  Who We Are?    

COMPANY OVERVIEW

Steppe Gold is a Mongolia-focused precious metals company. Its current flagship project is the ATO Gold Mine in Eastern Mongolia, with Phase 1 in production and the fully financed Phase 2 Expansion underway.

The Company has signed definitive agreements to acquire Boroo Gold, to create Mongolia’s leading and largest gold producer. Following the merger, combined production is set to increase from the over 85 Koz Au for the next two years and reach over 150 Koz AuEq annualised by 2026 with the completion of ATO Phase 2 Expansion.

With a skilled workforce, strong local support and financial backing, Steppe Gold is on track to become a multi-asset, mid-tier gold company.

1. PROVEN IN-COUNTRY TEAM

  • Proven excellence in value creation, operations, and governance, with deep experience in Mongolia at board and management level.
  • Successful in enhancing operations, expansion resources, securing permits and delivering construction and expansion projects.

2. TWO PRODUCING MINES WITH STRONG ECONOMICS AND NEAR-TERM CASH FLOW

  • The 100% owned ATO Gold Mine is fully commissioned, permitted and
    in production. The ATO Phase 2 Expansion is fully financed and underway and it is estimated to produce over 90Koz AuEq per annum from 2026.
  • Steppe Gold has announced plans to acquire Boroo Gold, which has estimated production of 431k oz of Au from 2024 to 2031.
  • After the acquisition, total combined production is set to increase to
    over 150 Koz AuEq annualized starting from 2026.

3. SIGINIFICANT EXPLORATION POSITION

  • Steppe Gold owns 80% of the Uudam Khundii (UK) project,
    the largest exploration package in a new potentially gold district of Bayankhongor Province, Mongolia.
  • Currently assessing highly prospective projects for further acquisition

4. STRONG LOCAL SUPPORT

  • Long lasting social license
  • Strong support from local community

OUR MANDATE

Delivering superior returns to shareholders from low cost, long life precious metals assets.

Focus on low cost, near term production assets with strong exploration upside

Building strong relationships with our partners, our communities and all levels of the Mongolian government

LATEST MEDIA

Latest Presentation

Date: 2024.05.13

Corporate Presentation May

Corporate Presentation March

Date: 2024.03.22

Corporate Presentation January

Date: 2024.01.30

Corporate Presentation November

Date: 2023.11.01

Financial

Q1 Interim Financials

May 20, 2024

Audited Annual Financial Results of 2023

December 31, 2023

Technical Report

NI 43-101 Technical Report

ATO 2022 Mineral Resources & Reserves Report

Download Report

Stock information

  • ATO GOLD MINE

    The Altan Tsagaan Ovoo gold and silver project (the “ATO Project”) is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia. The ATO Project is comprised of one mining license covering an area of 5,492 hectares.

  • Mungu Project

    The Mungu gold and silver discovery is located immediately northeast of the current resource at the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The high-grade gold-silver mineralization in the northern part of ATO Pipe #4 has been interpreted by Steppe Gold to have a steeply westward dipping structural control with a similar northeast strike projecting toward and possibly joining the Mungu zone of mineralization.

  • Uudam Khundii “UK” Project

    The Uudam Khundii property is comprised of one exploration licence covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. Steppe Gold has commenced initial exploration activity on the prospects including geological mapping, geochemical sampling, geophysical surveys, chip/grab sampling and trenching.

ATO GOLD MINE

Operations

01

MUNGU PROJECT

Operations

02

UUDAM KHUNDII PROJECT

Operations

03

OUR APPROACH

Steppe Gold’s sustainability vision is to create long-lasting value for all our stakeholders. Mining operation at ATO conforms to the highest standards of environmental management, occupational health and safety and social responsibility.

Sustainability

Our Approach

Sustainability

Health and Safety

Sustainability

Environment

Sustainability

Community & People