COMPANY PROFILE
"Building Mongolia's Leading Gold Producer"
About
Steppe Gold Ltd. (STGO: TSX, OTCQX: STPGF) is Mongolia-focused leading precious metals company. The Company is merging with Boroo Gold LLC to create the leading and largest gold producer in Mongolia. On completion of the deal, Steppe Gold is increasing its production from 30Koz to +160Koz AuEq per annum by 2026, with ATO Phase 2 Expansion coming on stream.
Exciting portfolio with huge upside
- One of the largest exploration packages in Western Mongolia.
- One of the world’s highest-grade deposits with of 2.5Moz at 1.65g/t in Peru.
- Near-term production target of 200Koz per annum & resource base of ~5Moz AuEq, with a combined mine life of beyond and ongoing exploration at all projects.
Strong Mongolia presence
- Headquartered in Mongolia, management with proven track record.
- Strong social license to operate & strong financial base.
- 99% Mongolian nationals & 75% from the local region.
Capital structure
- Management owns 20% and backed by the industry leading investors including Eric Sprott, Fidelity International, Lim Advisors, Triple Flag, US & Europe Family Offices and others.
Embracing sustainable mining in Mongolia
Embracing sustainable mining in Mongolia
Key Projects
Acquisition of Boroo Gold Boroo Gold is a leading gold producer with an average gold production of over 60,000 oz per annum to 2030, strong operating margins and an AISC of $1,000/oz. Steppe Gold has signed a binding term sheet to acquire Boroo Gold LLC in an all-share transaction, with closing planned for Q2 2023. Altan Tsagaan Ovoo (ATO) Gold Mine ATO Gold Mine is Steppe Gold’s 100% owned multi-phase precious metals project covering 5,492 hectares in Dornod, Mongolia. Uudam Khundii Project Steppe Gold owns 80% of the Uudam Khundii (UK) project, the largest exploration package in a new potentially gold district of Bayankhongor province, Mongolia.
Initial results from 18 trenches for 933 meters at the Milky Way Prospect and the Altan Soum Prospect had highlighted a mineralized system of at least 700 meters in length and up to 12 meters wide with individuals meter sampling results up to 1.49 g/t gold, 450 g/t silver, 2.98% copper, 3.98% lead and 0.31% zinc.
