Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Copperstone Highlights Investment Rationale
Tier 1 Jurisdiction
Arizona, USA
Reliable Counterparty1
Experienced underground mine developer
Lower Risk Restart
Fully permitted with significant infrastructure on site
Short Timeline to Production
Restart expected in Q4 2021 with commercial production in Q1 2022
Modest Capital Requirement
~US$23M restart capital to be covered by US$18M stream and subsequent Sabre Gold financing
Encouraging Drill Results Outside Mineral Resource

Footnotes: Source:
1. Refers to Sabre Gold Corp.
2. Gold price assumptions: ; estimates based on Technical Report referenced in Appendix 4.
NI 43-101 Technical Report: Preliminary Feasibility Study for the Copperstone Project, La Paz County, Arizona, USA, prepared for Kerr Mines Inc. (presently Sabre Gold Corp) with an effective date of April 1, 2018 prepared by Hard Rock Consulting Inc., in accordance with the guidelines of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Please refer to Appendix 4 for additional information.

4.5-year mineral reserve life before impact of Phase 1 and Phase 2 (ongoing) drilling
Attractive Investment Metrics
Average after-tax FCF of ~US$5M/year2
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