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WELCOME TO
MANHATTAN GULCH
Nevada Gold Mine
WELCOME TO MANHATTAN GULCH
Nevada Gold Mine
MANHATTAN GULCH HIGHLIGHTS
MANHATTAN GULCH HIGHLIGHTS
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Manhattan Gulch is a scarce gold asset with unique strategic advantages
- Largest unmined placer gold discovery in the northwest, US
- Pure Nevada gold play in a top-tier, low-risk mining jurisdiction
- Established mineral resource since the 1800’s
Significant resources and production growth potential
- Large potential deposit drives long-term value creation
- Further expansion and district scale exploration potential within a large and under-explored land package
Operational and technical efficiencies with significant leverage to gold prices
- 100% owned, fully permitted and operational gold mine
- Excellent infrastructure including water, road access, electrical and labor
- Low production costs and CAPEX requirements
Proven leadership team with track record in mining, exploration, engineering, geology and capital markets
- Proven operational excellence and pioneer in placer mining technologies
- Clear vision and alignment for shareholder value – large management ownership
MINING WITH PURPOSE
MINING WITH PURPOSE
Manhattan Gulch is the largest unmined placer gold discovery in the Northwest. Our vision is to mine gold profitably and create long-term value by leveraging our core advantages:
OUR GOLD RESOURCE AREA
OUR GOLD RESOURCE AREA
MANHATTAN GULCH DRILLING & PITTING LOCATIONS
- At 15.5K acres, Manhattan Gulch is the largest unmined placer gold discovery in the Northwest US and one of the largest in North America
- The tract is composed of alluvial deposits, some of which were mined by the Dredge and many left behind as virgin mining areas
OUR MANAGEMENT TEAM
OUR MANAGEMENT TEAM
Paul Dias
Chief Executive Officer
- 22-year experience in natural resource mining and investment banking across gold, coltan, diamonds, copper and platinum globally
- Extensive career in investment banking, hedge fund management and capital markets across natural resources, information technology and health sectors
- Leadership experience spans 20 hardrock and placer gold mining projects in the US, South America and West Africa; local community and environmental programs
- Previously the founder and CEO of a US company managing over 600K hectares of mining for gold, copper, platinum and other metals
John A. Rae
Chief Operating Officer
- 32-year experience in exploration and development of alluvial deposits
- Served various operational roles as President, Exploration Manager and Production Manager across several alluvial gold mining companies
- Oversaw production of 20 alluvial mines in Nevada, Alaska, Oregon, Montana, Colombia, Brazil, Argentina, Mexico, Chile, Ghana, Sierra Leone, Mali, DRC and more
- Developed alluvial gold projects from grass roots exploration to commercial production in other parts of Africa, South America, US and Canada
- Registered Geoscientist; Association of Professional Geoscientists of Ontario, CAN
Paul Dias
Chief Executive Officer
- 22-year experience in natural resource mining and investment banking across gold, coltan, diamonds, copper and platinum globally
- Extensive career in investment banking, hedge fund management and capital markets across natural resources, information technology and health sectors
- Leadership experience spans 20 hardrock and placer gold mining projects in the US, South America and West Africa; local community and environmental programs
- Previously the founder and CEO of a US company managing over 600K hectares of mining for gold, copper, platinum and other metals
Alexander Rae
Mine Manager
- 20+ year experience developing alluvial deposits, primarily in gold as well as diamonds, coltan and platinum
- Mine Manager, Mechanical Engineer and Technologist for projects in Africa, South America, US and Canada
- Experience spans initial exploration to building the process plant, buying equipment and running the mine to a positive cash flow
Edson Suaza
Mining Engineer
- 16-year experience as a mining and metallurgy engineer with an expertise in the planning and mining execution of metallic and non-metallic deposits, underground and surface mining, the evaluation of mineral resources and reserves, exploration campaigns, R&D, equipment purchasing, and clean exploration technologies
- Worked for Mineros SA, one of the largest alluvial gold mining companies in the world, as well as numerous alluvial projects in the US, South America and Africa
Sean Muller
Geologist
- 37-year experience in exploration geology, mine planning and environmental sciences throughout North and Central America, Russia, China, Mongolia and Kazakhstan for diverse minerals and projects
- “Qualified Person” under 43-101 and Competent Person under JORC
- Skilled in exploration, resource/reserve evaluations, mine development, property valuations, due diligence and reporting to stock exchanges worldwide
Thomas Smith, Jr.
Permitting & Planning
- 29-year experience in mining and mine operating permits as an Engineer and Geologist for gem. gold, frac sand, coal, trona, and aggregate mines
- Develops exploration plans, feasibility studies, mine plans and permit applications
- Address NOVs and issue resolutions, manages NEPA and MEPA processes and conducts geological investigations, field sampling and oversight, data management, and prepares geological reports
Cristina Patwa
Finance
- 20+ year experience in finance and accounting, business development and entrepreneurship
- Founder and board member of businesses in media (El Rey, Lucha, Hasbro) and consumer (Private Suites at LAX, Enroot)
- CPA in California, MBA from UCLA, BA in Accounting & MIS from Boston University, graduate certificates from Stanford and Tufts universities
Tod Turley
Legal
- 33-year experience serving as General Counsel, Attorney and Partner across the natural resource, alternative energy and technology industries
- Board member to publicly traded and privately held companies, advisor to emerging companies
- Law degree from USC, BA in Economics at University of Utah
OUR PROVEN MINING HISTORY
OUR PROVEN MINING HISTORY
1800’s
Originally hardrock silver, with gold discovered in dry placers in the Manhattan Gulch riverbed
1900’s
Hardrock gold; placers to 300 feet thick were selectively mined by underground methods; Great Depression spurs interest in the region
1930-1940’s
Manhattan Gold Dredging Company builds a large dredge to mine the placer gold deposits in 1937-1947; produced 429K oz and was the only operating gold mine in the US during WWII
The Manhattan Gold Dredge in action in 1939.
Manhattan dredge pile.
1950-1990’s
Small placer ventures undertaken with great success
2010
AU Mines begins a larger placer operation but ran into technical challenges in their process circuit
2017
An international team of placer experts joint ventures with AUM to form Manhattan Gulch LLC, upscaling the process circuit with gold recoveries over 95%
2018
Fully permitted and bonded area ready to mine at commercial scale
The Manhattan Gold Dredge in action in 1939.
Manhattan dredge pile.
OUR TOP-TIER GOLD DISTRICT
OUR TOP-TIER GOLD DISTRICT
- Nevada ranks as the world’s #1 most favorable gold mining jurisdiction
- Nevada ranks 1st globally from an Investment Attractiveness Index
- Nevada is one of the largest regions in the world producing gold and accounts for over 75% of US gold production
- The US is the 5th largest gold producing country in the world
- Several major and mid-tier mining companies in the area
- Round Mountain Mine has produced 16M+ oz to date, and produces 555K oz per year; neighbors 4 miles from Manhattan Gulch
- The Nevada Gold Mines JV with Newmont & Barrick is expected to produce over 3.2M oz of gold in 2023
Source: www.gold.org/goldhub/data/gold-production-by-country
*Nevada inclusive
Source: Fraser Institute Annual Survey of Mining Companies 2022
PLACER GOLD MINING ADVANTAGES
PLACER GOLD MINING ADVANTAGES
PLACER GOLD MINING
- Relatively simple process circuit
- No use of chemicals
- No need for blasting
- Simple “truck and shovel” mining
- Easy marketability of product
- Gold can be identified visually
- Permitting is fairly easy and quick
- Labor force is easily trained
- Environmental compliance is minimal
- No potential impacts to surface waters
- CAPEX is low and production is speedy
ALLUVIAL GOLD MINING
- Offers economic advantages compared to hard rock mines
- Very low operating costs due to the fact the gold is already liberated from hard rock in the weathering process
- Typically, costs are $5-10/yd3 ($3-6/ton) and our grades are 0.4-0.8 g/yd3 (0.3-0.5 g/ton)
- Lowest operating costs in the industry with large dredging operations in Colombia mining 100K oz/year with a recovered head grade of 0.07 g/t
- Requires no blasting, crushing or grinding and is chemical-free in its extraction
- Gravel is simply mined with conventional earthmoving equipment and processed through mobile sand and gravels screening plants
- Once screened, the concentrate is sent to the recovery circuit, an area that we have perfected
- Offers economic advantages vs. hard rock mines
- Very low CAPEX and operating costs as gold is already liberated from hard rock from weathering
- Typically, costs are $5-10/yd3 ($3-6/ton) and our grades are 0.4-0.8 g/yd3 (0.3-0.5 g/ton)
- Lowest operating costs in the industry with large dredging operations in Colombia mining 100K oz/year with a recovered head grade of 0.07 g/t
- Relatively simple process circuit and “truck and shovel” mining
- Gravel is simply mined with conventional earthmoving equipment and processed through mobile sand and gravels screening plants
- Permitting is fairly easy and quick
- Labor force is easily trained
- Once screened, the concentrate is sent to the recovery circuit, an area that we have perfected
- Requires no blasting, crushing or grinding and is chemical-free in its extraction
- No potential impacts to surface water
- Environmental compliance is minimal
- Gold can be identified visually
- Easy marketability of product
OUR OPERATIONS
OUR OPERATIONS
CURRENT PRODUCTION
- Production costs between $550-650 / oz of fine gold
- Existing plant capacity of 6,000 tons per day
- Low-cost operation with most capital equipment in place
- Prior mine disturbance making reclamation bonding lower cost
- Plenty of groundwater availability on site for gold processing
- Locally available and qualified work force; community has engaged in mining for over 200 years; State and Federal Agencies support mining industry
- 87-92% average plant recovery from production, resulting in a lower cutoff grade and more production possible
- Run of mine grade averages 0.4-0.6 g/bcy but several zones are over 2-3 g/bcy
COMMERCIAL PLANS TO SCALE
- Target of 1.5K+ troy oz/mo of refined gold within 6 months of initial $10M+ funding
- Acquisition and deployment of additional equipment
- Hiring of additional qualified personnel
- Grow to 4K-5K troy oz/mo of refined gold within 36 months of $25M equity funding
- Additional drilling and permitting
- Increased plant capacity and earth moving equipment
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OUR MINING TECHNOLOGIES
OUR MINING TECHNOLOGIES
We have a leading track record as pioneers in placer mining technologies:
DRILLS
- We use specialized drill technology to deliver highly accurate and representative samples for use in resource development
- We handle the majority of our exploration and testing in house with third-party oversight
CENTRIFUGAL BOWL
- We use Centrifugal bowls to increase recovery of fine gold by up to 40% compared with conventional recovery methods that can see losses as high as 45%
- This recovery technology, along with conventional methods allow for total recovery of 90%+
DRAG CHAIN CLARIFIER
- We utilize water clarifiers enabling the recirculation of process water up to 93%
- Reduces need to draw water from source, allowing operations in areas with scarce water
- Water usage becoming more scrutinized
DRY WASHER
- Prototype dry washer being constructed and tested on site
- Low unit operation costs allow for successful mining of low grade material, increasing resource utilization
MINING METHODS
- We utilize a concurrent reclamation program when possible
- Power-screening on gravel site reduces amount hauled to processing
- Reduces our disturbed footprint and keep reclamation bonds low
OUR COMMITMENT TO SUSTAINABILITY
OUR COMMITMENT TO SUSTAINABILITY
Manhattan Gulch is the largest unmined placer gold discovery in the Northwest. Our vision is to mine gold profitably and create long-term value by leveraging our core advantages:
Responsible
- We understand the importance that our agricultural stakeholders place on water management, conservation and wildlife, and we pledge to be responsible stewards of our environment and resources
- We pride ourselves in zero reportable environmental incidents and have adopted a formal Company Environmental Policy
- We conduct environmental reviews and permitting processes collaboratively with local regulators
Community-Driven
- We are committed to building and maintaining respectful, long-lasting and collaborative relationships with our employees, company stakeholders, local communities, governments and institutions surrounding our mining operations
- We prioritize the health and safety of our stakeholders, and are constantly working to improve our protocols and strengthen our commitment to a positive safety culture
Best Practices
- From the top down, our leadership employs responsible mining practices aligned with global best practices
- Our team is comprised of highly diverse individuals. We believe in an inclusive culture of respect and equity, aspiring to attract and retain talent in the industry
- Our mining operations create economic value in Nevada through job creation, local buying, tax revenues and investments in the community we live and work in
© Manhattan Gulch, LLC
Manhattan, Nevada 89022