corporate presentation

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# corporate presentation

Source: https://golcondagold.com/_resources/presentations/corporate-presentation.pdf?v=0.570
Published: 2026-02-01T00:00:00+00:00
Fetched: 2026-05-05T09:34:04.322+00:00
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## Content

# corporate presentation
GOLCONDA GOLD
PRESENTATION
February 2026
CAUTIONARY STATEMENTS
Forward-Looking Statements
Certain statements contained in this presentation constitute “forward-looking statements.” All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Golconda
Gold Ltd.’s (“Golconda” or the “Company”) results of operations, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”,
“continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but
instead represent only Golconda’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to
predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: the Company’s dependence on two mineral projects; gold price volatility; risks associated with the
conduct of the Company’s mining activities in United Sates of America and South Africa; regulatory, consent or permitting delays; risks relating to the Company’s exploration, development and mining activities being situated in
United States of America and South Africa; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to
cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks arising from
the Company’s fair value estimates with respect to the carrying amount of mineral interests; mining tax regimes; risks arising from holding derivative instruments; the Company’s need to replace reserves depleted by production;
risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to
undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and
financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; lack of infrastructure; employee relations, labour unrest or unavailability; health risks in
Africa; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; risks related to restarting production; the speculative nature of exploration and
development, including the risks of diminishing quantities or grades of reserves; development of the Company’s exploration properties into commercially viable mines; stock market volatility; conflicts of interest among certain
directors and officers; lack of liquidity for shareholders of the Company; risks related to the market perception of junior gold companies; and litigation risk. Details of certain of the risk factors relating to Golconda are discussed
under the heading “Risks and Uncertainties” in Golconda’s annual management’s discussion and analysis for the year ended December 31, 2023, a copy of which is available on Golconda’s SEDAR profile at www.sedar.com.
Management provides forward-looking statements because it believes they provide useful information to readers when considering their investment objectives and cautions readers that the information may not be appropriate for
other purposes. Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no
assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Golconda. These forward-looking statements are made as of the
date of this presentation and Golconda assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
The forward-looking statements in this presentation are based on numerous assumptions regarding Golconda’s present and future business strategies and the environment in which Golconda will operate in the future, including
assumptions regarding gold prices, business and operating strategies, and Golconda’s ability to operate on a profitable basis.
Non-GAAP Measures
The presentation makes reference to certain non-GAAP measures including cash cost per ounce. These measures are not recognized measures under Canadian GAAP and do not have a standardized meaning prescribed by
GAAP. Therefore these measures may not be comparable to similar measures presented by other issuers. However, the Company believes that these measures are useful to assist readers in evaluating the total costs of
producing gold from current operations. For more information regarding the non-GAAP measures used by the Company, see the information under the heading “Supplemental Information to Management’s Discussion and
Analysis” in the Company’s management’s discussion and analysis for the year ended December 31, 2023, which is available under Golconda’s profile on SEDAR at www.sedar.com.
Copyright Statement 2
CAUTIONARY STATEMENTS
Mineral Resources and Technical Information
For more information regarding the mineral resource figures and technical information set out in this presentation, please refer to: (i) the news release dated March 16, 2021 entitled “Golconda Gold Ltd. announces proposed
acquisition of the Summit Mine in New Mexico; C$9.0 milliion private placement with lead order from Palisades Goldcorp; and (ii) the technical report in respect of the Galaxy Gold Mine entitled "NI 43-101 Technical Report on the
Galaxy Gold Mine, South Africa" issued on July 3, 2020 with an effective date of June 29, 2020, prepared by Uwe Engelmann, Pr. Sci. Nat., and Daniel van Heerden, Pr. Eng of Minxcon (PTY) Ltd. (the “Galaxy Technical Report”),
each of which is available under Golconda’s profile on SEDAR at www.sedar.com; as well as the Summit Technical Report (as defined below).
Economic assessments in this presentation are preliminary in nature and include inferred mineral resources that are considered to be too speculative geologically to have the economic considerations applied to them that would
enable them to be categorized as mineral reserves. There is no certainty that the economic assessments will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no
guarantee that any of the mineral resources disclosed in this presentation will be converted to mineral reserves. There is also no guarantee that any of the inferred mineral resources will be upgraded to measured or indicated
mineral resources. Information of a technical and scientific nature that forms the basis of the disclosure in this presentation has been prepared and approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. and Business Development
Manager for Golconda Gold, and a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Crossling has verified the technical and scientific data disclosed
herein and has conducted appropriate verification on the underlying data.
Summit Technical Report
Certain information including the historical mineral resource estimates (the “Historical Information”) in respect of the Summit silver-gold mine located in New Mexico, United States (the “Summit Mine”) were disclosed in a report
provided by Pyramid Peak Mining, LLC (“Pyramid”) to Golconda with an effective date of September 17, 2014, entitled "Technical Report, Preliminary Economic Assessment, Summit Gold-Silver Project, Grant and Hidalgo
Counties, New Mexico", prepared by Douglas F. Irving, P.E., Susan C. Bird, P.Eng., and Tracey D. Meintjes, P. Eng. of Chapman, Wood and Griswold, Inc. in Albuquerque, New Mexico (the “Summit Technical Report”). The
Historical Information comply with the CIM Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101 on the date the Summit Technical Report was prepared. A qualified person has not done
sufficient work to classify the Historical Information as current mineral resources in accordance with NI 43-101. Golconda is not treating the Historical Information as current mineral resources and the Historical Information should
not be relied on.
The Summit Technical Report was prepared by an advisory company that offers a wide range of exploration, mining, management, valuation, financing and advisory services (the "Author"). The Summit Technical Report relies on
historical drilling and sampling. The Author used information relating to operational methods and expectations provided to it by various sources. The report provides that: (a) the historical mineral resource model is based on
available sampling data collected over the history of the project area; (b) the grade models were verified using visual and statistical methods and deemed to be globally unbiased; (c) the blocks were classified into historical mineral
resource categories based on the variogam parameters and restrictions on the number of composites and drill holes used in each pass of the interpolation; (d) only the historical mineral resources lying within the legal boundaries
are reported; and (e) no modifying factors were applied to the historical in-situ mineral resources, however the diluted mineral resource contains a 15% dilution factor and a mining loss of 10% to account for pillars.
The business of mining and mineral exploration, development and production by their nature contain significant operational risks. The business depends upon, amongst other things, successful prospecting programmes and
competent management. Profitability and asset values can be affected by unforeseen changes in operating circumstances and technical issues. Factors such as political and industrial disruption, currency fluctuation and interest
rates could have an impact on future operations, and potential revenue streams can also be affected by these factors. The majority of these factors are, and will be, beyond the control of any operating entity. More recent estimates
or data is not available. Work required to upgrade or verify the Historical Information as current mineral resources will be based on recommendations in the Summit Technical Report.
Copyright Statement 3
Corporate
Overview
COMPANY SNAPSHOT
Capital Structure (30 January 2026)
Ownership Breakdown
Share Price C$3.44
Basic Shares Outstanding 71,840,033
42,10% 57,90%
Mgmt/Insiders Widely Held
Stock Options Outstanding2 843,652
Deferred Share Units 5,532,633
Golconda Share Price Performance
Warrants Nil
Fully Diluted Shares
78,216,318
Outstanding
Basic Market Capitalization C$247 million
Cash ~US$4 million
Debt US$2.6 million
Copyright Statement 5
OPERATIONS SNAPSHOT
Galaxy Gold M

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