M O N G O L I A ’S P R E M I E RPRECIOUS METALS COMPANY
CORPORATE PRESENTATION
November 2020
TSX:STGO
Precious Metals Company
D I S C L A I M E R
T E C H N I C A L I N F O R M AT I O N
Technical information relating to the Altan Tsagaan Ovoo Project (the “ATO Project”) contained in this presentation is derived from, and in some instances is an extract from, the Technical Report titled
“Altan Tsagaan Ovoo Gold Project, Tsagaan Ovoo, Dornod, Mongolia” dated August 20, 2017, with an effective date of June 20, 2017, which was prepared for the Company by Oyungerel Bayanjargal,
MAusIMM of GSTATS Consulting Ltd (the “Technical Report”) and prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). Reference
should be made to the full text of the Technical Report which has been filed with certain Canadian securities regulatory authorities pursuant to NI 43-101 and is available for review under the Company’s
profile on SEDAR at
www.sedar.com.
Technical information in this presentation not contained in the Technical Report has been prepared under the supervision of Enkhtuvshin Khishigsuren a “qualified person”.
C A U T I O N A R Y N O T E F O R U N I T E D S TAT E S I N V E S TO R S
Technical disclosure regarding our properties included herein (the “Technical Disclosure”) has not been prepared in accordance with the requirements of United States securities laws. Without limiting
the foregoing, the Technical Disclosure uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all
mineral reserve and mineral resource estimates contained in the Technical Dis- closure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petro-
leum Classification System. These standards differ significantly from the requirements of SEC Industry Guide 7, and resource information contained in the Technical Disclosure may not be comparable
to similar information disclosed by U.S. companies.
The definitions of proven and probable reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated
mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not
permitted to be used in reports and registration statements filed with the Securities and Exchange Commission (the “SEC”).
Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty
as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.
Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
Additionally, disclosure of “contained ounces” in a resource is permitted disclosure under Canadian securities laws, however the SEC normally only permits issuers to report mineralization that does not
constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained in the Technical Disclosure may not be comparable to
similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
22
Corporate Presentation / NOVEMBER 2020
O u r m a n d a t e :
O U R V I S I O N
Mongol ia ’s p r e m i e r p r e c i o u s m e t a l s c o m p a n y.
01D e l i ve r i n g super ior ret u r n s to s h are h o l d e rs f r o m low-cost , l o n g life p re c i o u s m e t a l s assets .
0 2F o c u s o n l o w - co st p r o d u c t i o n a s s e t s w i t h s t r o n g exp lorat ion ups ide.
0 3B u i l d i n g s t r o n g re lat ionships w i t h o u r partners , o u r c o m m u n i t i e s a n d all levels of t h e M o n go l i a n g o v e r n m e n t .
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
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Corporate Presentation / NOVEMBER 2020
C O M PA N Y O V E R V I E W
01.P r o v e n i n - c o u nt r y t e a m
03.R e s o u r c e e x p a n s i o n
02.Commercial p r o d u c t i o n achieved
Mine fully commissioned and permitted. Initial Phase - I oxide zone is estimated to produce ~60,000 ounces of gold annually.
0 4 .S i g n if i cant ex p l o rat ion po s i t ion
Uudam Khundii (“UK”) Project: Steppe Gold owns 14,400 ha in Bayankhongor gold belt. 4 new gold discoveries to be drilled in 2020.
Proven track record. Strong social licence tooperate and strong support from Mongolianinvestors.
New resource upgrades are currently being calculated for ATO 1, 2 ,4 deposits and initial resource for Mungu deposit.
Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projectedto produce 60,000 ounces of gold from its Phase I Heap Leach Operation at the ATO Gold Mine annually.The Company is also completing a feasibility study into the Phase II expansion of the ATO Gold Mine toproduce approximately 150,000 ounces of gold per annum from the development of underlying freshrock ores.
I n v e s t m e n t H i g h l i g h t s :T S X : S T G O
SharePrice
Current SharesOutstanding
Mongolian National Fund*(US$3.0m)
Warrants & Options - (Strike @$2.00)
Warrants&Options -(Strike @$3.00)
CAPITAL STRUCTURE:
CA$ 2.25
68.9 (m)
4.3(m)
11.3(m)
6.98(m)
MongolianNationals 16%
Insiders andManagement 15%
FamilyOffice Investors(US&Europe) 13%
Eric Sprott 11%
Triple Flag MiningFinance 5%
Elliot Management 4%
Others 37%
Corporate Presentation / NOVEMBER 2020
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Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
C O M PA N Y B O A R D A N D M A N A G E M E N T
MatthewWood
Executive Chairman
Dr. ZambaBatjargal
Director
BataaTumur-Ochir
Director, President and CEO
BatkhuuBudnyam
Director
Aneel Waraich
Director and Executive
Vice President
Dr.Sereenen Jargalan
Director
PatrickMichaels
Director
SteveHaggarty
Director
Jeremy South
Senior Vice President
Chief Financial Officer
EnkhtuvshinKhishigsuren
VP of Exploration
Mr. Wood is a mineral resource explorer and
developer with over 25 years of global indus-
try experience in mining investments.
Founder of Hunnu Coal Limited sold for
~A$500M (2011). Awarded the Order of the
Polar Star, the highest state honour that can
be awarded to a non-citizen of Mongolia.
Dr. Batjargal has more than 35 years’ experi-
ence working for the government entities in
Mongolia dealing with issues of environmen-
tal protection and climate change. He was
the Minister of the Environment of Mongolia
from 1990 to 1996. Dr. Batjargal has extended
experience of work outside of Mongolia being
engaged in international bi-and multilateral
cooperation activities.
Mr. Bataa Tumur-Ochir is a Mongolian nation-
al responsible for new business acquisitions,
development and government and community
relations. He is also responsible for daily
operations in Mongolia. Mr. Tumur-Ochir has
over 10 years of experience in mining industry.
Mr. Budnyam is a successful entrepreneur and
financial expert who has extensive experience
in the banking and finance sectors in Mongolia.
Mr. Budnyam serves as Advisor to Chinggis
Khaan Bank. Prior to joining Chinggis Khaan
Bank, Mr. Budnyam was Managing Director of
Organic Solutions Mongolia and previously to
that was Managing Director of MFS Capital.
Mr. Waraich is a financial services professional
with 15 years of progressive experience in
capital markets having worked on over $1B
in deals. Founder of ATMA Capital Markets
focusing on advising public and private
companies in the Natural Resources sector.
Ms. Jargalan has been a professor at the
Mongolian University of Science and
Technology since September 2003 and head
of the Department of Mineral Exploration
since 2011 where she teaches Ore Geology
and Metallogeny to Bachelors, Masters and
Doctorate students.
Mr. Michaels is the Chairman of Zuri-Invest
AG and the Chairman of Asty Capital AG in
Zurich, Switzerland. Mr. Michaels has been
involved in numerous financings of gold mines
in North America as well as various other
countries and is a well-respected financial
adviser and fund manager throughout Europe.
Mr. Haggarty is the Managing Director of
Haggarty Technical Services Corporation
and a registered member of the Professional
Engineers Ontario. Mr. Haggarty has over 35
years of industrial experience both on-site
and at a corporate level, involving several
precious metal and copper producers, with a
background in project design, commissioning,
start-up, metallurgy, process optimization,
project management, reclamation and closure.
Mr. South has over 33 years of experience in
M&A, capital markets and private equity in
Europe, North America and Australia, includ-
ing senior positions in investment banking at
Deutsche Bank, NatWest Markets and
Deloitte. He has been working in Mongolia
since 2011.
Mr. Khishigsuren has over 30 years of Mon-
golian mineral exploration experience. He has
focused his expertise on the precious metals
exploration sector resulting in successes for
numerous companies.
Corporate Presentation / NOVEMBER 2020
55
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
S T E P P E P E O P L E
2 5 0 -3 0 0C r e a t i n g S u s t a i n a b l e
E m p l o y m e n t O p p o r t u n i t i e s to
P e o p l e
Total number of people at
the mining site
2 6 5
123Number of
contract workers
142Number of
Steppe employees
Employeesand contractors
9 9 %
Employees fromlocal province
6 6 %of total
workforce
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
66
S T E P P E S O C I A L R E S P O N S I B I L I T Y
Steppe Gold is an integral part of the local community:
We have been building strong local support and relationships for many years, prior to commencing our exploration and production efforts.
Steppe has signed a cooperation agreement with the local government, ensuring a beneficial
working environment for our people.
Steppe Gold's first priority is, and always will be, the safety of our people.
Steppe Gold and Mongolia
are proud to sponsor sambo wrestler, A.Khatansaikhan, Asian gold medalist of 2018, 2019 and silver medalist from World championship.
Steppe is committed to mitigating and rehabilitating environmental impacts. We support biodiversity offsets, sustainable
development and the principles of responsible mining in all of our work.
Local employees
176were hired directly
and indirectly
Trained andCertified
3 6people and provided
specialised jobs
Scholarships for
students
+100to attend local
schools
Dairy products and meat
1 0 0 %supplied by local
communities
Corporate Presentation / NOVEMBER 2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
77
2016August
The Company
was founded
in Mongolia.
2017January
Steppe Gold
Canada was
established.
2017June
Acquired 80%of
“UK“ project in
Bayankhongor.
2017September
Acquired ATO
project from
Centerra Gold
2018May
CA$25M IPO on TSX
Total:US$66m.
2018June
Commenced the
development of
the ATOmine. 2019December
Mined, crushed
and stacked over
533,000 tonnes of
ore at a grade of
2.0g/ton the leach
pad.Themine fully
commissionedand
fullypermitted.
2020July
Commercial production declared.
Produced over
15,000 ounces and
sold over 12,400
ounces for >$10M
USD EBITDA
Company MilestonesATO Gold Mine built in 14months under US$20m CAPEX
8
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation /November 2020
2020March
Commenced
60,000oz heap
leach gold and
silverproduction.
Advanced
Feasibility studyto
produce150,000oz
per annum.
Additional resource
estimation.
W H Y M O N G O L I A
H o m e to wo r l d c l a s s assets , s o u n d m i n i n g i nf rast r u c t u re a n d m i n i n g talent.
S t r o n g s u p p o r t for m i n i n g i n d u st r y at all levels of g o v e r n m e n t .
F o c u s o n safety, w e a l t h g e n e rat i o n a n d s u sta i n ab l e d e ve l o p m e nt .
D e v e l o p i n g b ro a d b a s e d w i n - w i n p a r t n e rs h i p s w i t h C h i n a , R u s s i a a n d th ird n e i g h b o u r s f o u n d e d o n t h e m i n i n g i n d u st r y a n d related infrastructure.
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
99
S T E P P E ’ S V A L U E B U I L D I N G M O D E L
C a s h f l o wFully permitted heap leach mine and
plant.
Commenced commercial production targeting 60,000 ounces annually.
E x p l o r a t i o nThe Company owns one of the largest
exploration licences in Bayankhongor gold belt.
Commenced drilling on 4 new discoveries in 2020.
D e v e l o p m e n tCommenced feasibility study to produce
150,000 ounces annually.
New resource upgrades are being estimated.
The Company has access to a steady pipeline of exploration and development projects across Mongolia.Currently assessing over 200,000 hectares of exploration licences and several gold projects for 2020.
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
Fast-tracked production and exploration upside
Corporate Presentation / NOVEMBER 2020
1100
C O M PA N Y O P E R AT I O N S
Steppe Gold owns exploration, development and production assets.A LTA N T S A G A A N O V O O ( AT O G O L D M I N E )
60koz oxide heap leach production annually. Additional resource estimation and 150koz annual production feasibilitystudy underway.
U U D A M K H U N D I I ( U K P R O J E C T )
Over 14,000 hectares of exploration package in a western gold belt of Mongolia.
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
1111
A LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E
NI 43-101 compliant 1.22 Moz Au Eq resources (M&I)
(1)(2)(4)(5)(8)(9)(10)(12)
A T O Minera l R e s e r v e s(1)(3)(5)(6)(7)(8)(9)(10)(12)
Proven
T O N N A G E
(Mt)
3.41
GRA
Au(g/t)
1.41
D E
A g ( g / t )
9.72
CONTAINE
A u ( k o z )
155
D M E T A L
A g ( k o z )
1065
RECOVERE
A u ( k o z )
108
D M E T A L
A g ( k o z )
426
Probable 1.82 0.93 10.52 55 616 38 246
Provenand Probable 5.23 1.25 10.00 210 1681 147 673
A T O Mineral R e s o u r c e s T O N N A G E G R A D E C O N T A I N E D M E T A L
(Mt) Au(g/t) A g ( g / t ) P b ( % ) Z n ( % ) A u ( k o z ) A g ( k o z ) P b ( m l b ) Z n ( m l b )
Measured 7.77 1.51 8.16 0.86 1.54 378 2039 148 263
Indicated 4.46 1.46 13.17 0.55 1.01 209 1889 54 99
Measured + Indicated 12.23 1.49 9.99 0.75 1.34 587 3927 202 362
Inferred(11) 1.05 1.03 25.18 0.52 1.11 35 848 12 26
Notes:1. ATO Mineral Reserves and Mineral Resources are as at August 21, 2017 using the CIM Definition Standards(2014).2. MineralResourcesareinadditiontoMineralReserves.3. Mineral Reserves are constrained within an optimized pit shell based on a gold priceof $1,300 per ounce.4. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability for heapleaching.5. Containedgoldestimateshavenotbeenadjustedformetallurgicalrecoveries.6. Recoveredgoldestimateshavebeenadjustedformetallurgicalrecoveriesbasedon70%forAuand40%forAg.7. Mining dilution is 3%and Ore loss is2%.8. Mineral Reserves and Mineral Resources are estimated using a 0.3 g/t AuEq cut-off grade for oxide material and a 1.1 g/t AuEq. Cut-off
grade forfreshmaterial.
9. A conversion factor of 31.103477 grams per ounce 453.59237 grams per pound are used in the reserve and resourceestimates.10. AuEqhasbeencalculatedusingassumedmetalprices($1,306.6/ozforgold,$21.6/oz).
Oxideorecalculation:AuEq(g/t)=Au(g/t)+(Ag(g/t)x21.6x0.0321507x0.4)/(1,306.6x0.0321507x0.7) Freshorecalculation:AuEq(g/t)=Au(g/t)+((Ag(g/t)x21.6x0.0321507x0.75)+(Pb%x1,844x10-6x0.6)+(Zn%x1,944x10-6x0.55))/ (1,306.6x0.0321507x0.71)
11. InferredMineralResourceshaveagreatamountofuncertaintyastotheirexistenceandastowhethertheycanbeminedeconomically. Itcannot beassumedthatallorpartoftheInferredMineralResourceswilleverbeupgradedtoahighercategory.
12. Totals may not match due to rounding.
Corporate Presentation / NOVEMBER 2020
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Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
A LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E
L E A C H PA D / C E L L 1A N D 2
F U E L S TAT I O N
FULLY PERMITTED AND COMMENCED COMMERCIAL PRODUCTION PHOTO - JUNE 2019
S TO R M W AT E R P O N D P R E G N A N T / B A R R E N P O N D S
C R U S H E R
A D R B U I L D I N G / P L A N T
C H E M I C A L S T O R A G E FA C I L I T Y
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
1143
PHASE I - OXIDEHEAPLEACHPRODUCTION
60,000 oz of Gold annuallyPHASE II-150,000oz of goldproduction annually fromfreshrock
A D R B U I L D I N GA LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E - JUNE 2020
Corporate Presentation / NOVEMBER 2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
PHASE I - OXIDEHEAPLEACHPRODUCTION
60,000 oz of GoldannuallyPHASE II-150,000oz of goldproduction annually fromfreshrock
1154
M I N I N G C A M PA LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
1165
PHASE I - OXIDEHEAPLEACHPRODUCTION
60,000 oz of GoldannuallyPHASE II-150,000oz of goldproduction annually fromfreshrock
A D R P L A N TA LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
1176
PHASE I - OXIDEHEAPLEACHPRODUCTION
60,000 oz of GoldannuallyPHASE II-150,000oz of goldproduction annually fromfreshrock
A LTA N T S A G A A N O V O O ( ATO ) G O L D M I N E
Leveraging HL cash flow to scale operations
2 0 2 0 c a s h f low – 6 0 k o z of g o l d o n H L s h o u l d g e n e ra t e $ 4 0 m + of E B I T D A
S imi lar f re e c a s h f low before c a p e x in 2021 a n d 2022
2 0 2 0 c a s h f low to b e re invested in explorat ion at ATO, a n d to start t h e p l a n n i n g for P h a s e 2
E x p e c t e d to start c o n st r u c t i o n for P h a s e 2 – 2021/2022
C I L p l ant a n d a s s o c i ate d c a p e x – a r o u n d $ 1 0 0 m in cap ex , p ro je c t f i n a n c e st r u c t u re
P ro j e c t f i n a n c e p ar tn e rs b e i n g i d e nt i f ie d a n d E P C g r o u p s b e i n g i nte r v i ewe d in 2 0 2 0
L i m i t e d e q u i t y c o m p o n e n t re q u i re d – s u p p o r t e d b y c a s h f low a n d prof itabi l i ty at P h a s e 1
Corporate Presentation / NOVEMBER 2020
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Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
S E C O N D Q U A R T E R U P D AT E
S t r o n g start to p ro d u c t i o n at t h e ATO g o l d mine, s u p p o r t i n g low costs, w i t h posit ive g r a d e reconci l iat ion o n s a m p l i n g
D u r i n g t h e quarter p r o d u c e d 15,389 g o l d o u n c e s a n d 4,978 si lver ounces .
G o l d a n d silver sa les we re $19,520 a s 12,458 g o l d o u n c e s a n d 3,728 silver o u n c e s we re so ld w i t h ave ra ge real ized pr ices per o u n c e of $1,714 a n d $15 respectively.
ATO G o l d Mine All In S u s t a i n i n g C o st (AISC) for t h e quarter w a s$739 per o u n c e sold
C a s h costs for t h e quarter we re $595 per o u n c e sold.
O p e ra t i n g i n c o m e f r o m m i n e operations, before deprec iat ion a n d deplet ion, w a s $12,046.
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / NOVEMBER 2020
21
R E S O U R C E E X PA N S I O N
Building on a large dataset - high grade intercepts.Over 90,000m drilling and 28,421m trenching completed. Mungu deposit unclassified yet.The latest drilling results and new resource estimates for ATO and Mungu deposits are underway.
L o o k i n g N o r t h W e s t
ATO - 2 D E P O S I T
ATO - 2 D E P O S I T
ATO-1 D E P O S I T
AT O - 4 D E P O S I TATO-1 D E P O S I T
AT O - 4 D E P O S I T M U N G U
M U N G U
Corporate Presentation / NOVEMBER 2020
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Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
22m at 2.4g/t gold from 85 metres
10m at 4.59g/t gold from219metres
ATO4Deposit
MG-122
MG-130
34.3m at 7.6g/tgold, 24.11g/tsilver from 259.7metres
33.5m at 2.07g/tgold, 181g/tsilver from 286 metres
ATO-357
ATO-367
A new, very high-grade base metal zone has also been discovered underneaththe ATO1 Deposit which is now subject to additional drilling in the 2020drilling program.
Drilling programs at the ATOGold Project will be ongoing for the
remainder of 2020and a substantial amount of results are pending that will be reported in the next 30 days.
Mungu Discovery
Highlighted Results from the
2019 Drilling Program
19
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation /November 2020
MG-139
MG-140
MG-141
MG-142
MG-143
19.3m at 6.77g/t gold, 28.6g/t silver from 219.2metres
22.9mat 4.73g/tgold, 87.10g/tsilver from 205.1metres
11mat 4.83g/tgold, 249.03g/tsilver from 168metres
21m at 3.77g/t gold, 8.7g/t silver from 269 metres
38m at 1.32g/tgold,78.44g/tsilver from 257metres
received to date at the Mungu Discovery include
Highlighted Results for the 2020
Drilling Program
20
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation /November 2020
U U D A M K H U N D I I ( U K ) P R O J E C T
ONE OF THE LARGEST EXPLORATION LICENCES IN BAYANKHONGOR GOLD BELT
To date, Steppe Gold has completed 18 trenches for 933 meters in 2020 at the Milky Way Prospect
and the Altan Sum Prospect.
This work is ongoing with more trenching planned across all four prospects discovered.At the Milky Way Prospect initial trenching results have highlighted a mineralized system of at least
700 meters in length and up to 12metres wide with individual meter sampling results up to 1.49g/t gold,
450g/t silver, 2.98% copper, 3.98% lead and 0.31% Zinc.
These are exciting early results and the Company is expanding its exploration efforts with a geophysical
crew and drilling rig planned to be mobilized to site in the coming month.
Identified 4 new discoveries to be drilled in 2020.
14,400 hectares
N5 KM
Uudam Khundii (“UK”) Project:Steppe Gold owns 14,400 hectares in a first of its kind, 80/20 JV with the provincial government of
Bayankhongor.
Adjoining licences held by Erdene Resources (ERD)* have discovered high grade gold silver mineralized zones trending on to Steppe’s
licences.
The Company is currently assessing over 200,000 hectares of exploration licences for further
acquisition.
E X C L U S I V E R I G H T S H I G H LY P R O S P E C T I V E A R E A FUTURE A C Q U I S I T I O N S
Corporate Presentation / NOVEMBER 2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
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S T E P P E C ATA LY S T S 2 0 2 0 :
Heap leach mine built and fully permitted.
Commenced commercial productionand targeted to produce 60,000oz Au annually.
150,000 oz per annum feasibilitystudies underway.
Estimating new resources on Mungu depositand updating ATO gold mine resources.
Commencing drilling programmes on “UK“
project.
3 drill rigs mobilized, further drillingcommenced on ATO and Mungu.
P R O D U C T I O N / C A S H F L O W F U R T H E R D E V E L O P M E N T E XC I T I N G E X P L O R AT I O N R E S U LT S
Corporate Presentation / NOVEMBER2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
23
S T E P P E G O L D
M O N G O L I A’ S P R E M I E R
P R E C I O U S M E TA L S C O M PA N Y
L o w cost , l o n g life explorat ion a n d
m i n i n g a s s e t s in Mo n go l i a
L o w c o s t p r o d u c t i o n
~ 6 0 , 0 0 0 o z h e a p l e a c h p r o d u c t i o n
F u r t h e r d e v e l o p m e n t
~150,000oz p r o d u c t i o n f r o m f r e s h r o c k
C r e a t i n g j o bs a n d b u s i n e s s
o p p o rt uni t ie s in o u r l o c a l c o m m u n i t i e s
C o m p e l l i n g va l u e for investors
Corporate Presentation / NOVEMBER 2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
24
C O N TA C T
Matthew Wood
Executive Chairman
Aneel Waraich
Director and Executive VP
The Company’s headoffice:Shangri-La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaan-baatar 14241, Mongolia, Tel/Fax: +976 7732 1914
Toronto Office:90 Adelaide Street. W, Suite 400Toronto, ON, M5H 3V9, Canada Tel:+1647 951 6506
Bataa Tumur-Ochir
President and CEO
JeremySouth
Senior VP and CFO
TSX:STGO
Precious Metals Company
Corporate Presentation / NOVEMBER 2020Steppe Gold Limited - Mongolia’s Premier Precious Metals Company
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