Kiran Patankar

It's got potential to expand laterally along strike 55 km of strike length on the Caserarti. We've only really explored six kilometers of that at Dway.

we have a maiden resource now at jutel dway's also grown uh in terms of size but importantly I think across the board this resource in terms of quality

we do have a big 500 km land package that still remains very underexplored

we've got a 10,000 meter program going at our Jutel project.

we have a ongoing 3 30,000 meter drill program underway.

we've got a 20,000 m program at our dua project.

It's gotten very little testing below 500 meters depth

Maple is an advanced exploration company, wellunded. Uh, proceeding with a a 5 million ounce plus gold project in Quebec, Sabat Tibby.

a 77% growth in indicated resource globally and 70% growth in inferred for you know maybe a a 15% drop in in grade

With a million ounce of resource that we have at Jutell at circa 4 to 4 and a half grams

in the 2022 resource it's sitting at close to a gram. Um so in this price environment uh you know 3 million ounces is nothing to sneeze at

we have potentially two minds. How that all fits together with the existing infrastructure

due is related to a big alkaline porefree intrusive

overall reduction in grade and due in the open pit from you know around a gram to around 0.9 grams

the Dway project and the DA Chhatel project has doesn't depend on a $5,000 gold price uh to work, right?

um the 2022 as you'd expect that used $1,800 gold we used $2,500 gold for this

we've accelerated uh warrants uh that had an accelerator if we trade above $2.50 we're at around 330 uh $3.30 Canadian today. Um the warrant proceeds at fully exercise that'll bring in another 3.2 million.

we raised uh you know at 60 cents you know 5 million we raised at uh you know a$120 uh 13 million we raised at 245 uh6 million.

post financing, we have, you know, 36 million and change uh in cash to deploy

Maple closed a $5.6 million financing effectively putting its cash position at about and I'm rounding up again but at about 10 million Canadian dollars

we we set out we we kind of used that for our budgeting and said the first, you know, uh program that we were going to do, inaugural program with the new team, which we completed last year, you know, we targeted, okay, 4 million ounces, sorry, 4 million um dollars, which was uh 10,000 meters at $400 per meter. We came in at 300.

we're sitting with a $30 million cash balance

which would then also result in about a 7 and a half% owner ship dilution if and that's always a big if but if those options and warrants get exercised

we announced the financing on January 26th. ... we're looking for new investors obviously to come into our registry

So we we had 32,000 meters uh budgeted under this winter program that was sort of split between you know about two-thirds of that at Dway and a third of that at Jutell.

next resource update which will probably be sometime next year after we've drilled almost 100,000 additional meters.

with around $35 million uh on the balance sheet, we're well funded through 2027

obviously, we know when we get into uh mine planning, which is what we're doing with Oeno right now, just for our own internal purposes on a scoping study

we've got four rigs uh or actually three rigs right now turning 24/7.

We've got things like updated resource estimates that are coming in the near-term, drill results, etc.

we can see our cash balance on the on the table. you know, post financing, we have, you know, 36 million and change uh in cash to deploy uh on rapidly advancing and rapidly expanding our exploration uh particularly our expansionary drill programs over the next two years.

it's resulted in you know phenomenal performance certainly over uh since we completed the reset in August you know up over 300%

there are however going to be drilling now in 2025 which is of course something we'll discuss as well

we have a project now that's over five million ounces right that that establishes our projects at DA and Chhatel. Um it's a rare multi-million ounce district scale gold system in a region that's got great infrastructure in the abbatib.

focused on advancing district scale gold projects in the province of Quebec.

has the right jurisdiction in Quebec that has established down past producing mine complex

by the way is focused on the Abby TB greenstone belt in Quebec

proceeding with a a 5 million ounce plus gold project in Quebec, Sabat Tibby

Maple Gold is a well-funded Canadian gold exploration and development company

they also hold the jel gold project which is a past producing mine that they believe has upside potential

we've got a director uh who joined us in August, Mark LGO. He was with ENO for 34 years.

our new VP exploration who was a 30-year Glenor Xrada flank falcon bridge uh, uh, exploration geologist.

when we attracted Ian to come to the company in in 2024 for August. Uh, you know, there was the vision there that Ian was going to take ownership, right? I'm not an exploration geologist, right? I I have that technical background, but we really do need somebody that has Ian's pedigree, you know, started his career in the Abitibi

I'm a geological engineer Colorado school of mines uh you know I worked in mineral and explor mineral exploration petroleum exploration hydro geology so on the exploration side but also on the environmental side uh you know I've got a a background in sustainable development I did some consulting work for World Bank.

our new CFO, Nick Ferber, uh Wilma Lee, who's our chief governance and compliance officer, Sarah Harriet, who we just brought on, you know, in as VP of uh corporate development and investor relations

our large producer uh largest shareholder in Agniko Eagle

We continue to maintain the support of you know our cornerstone shareholders in ADO and Mike Gentilly

Fix the board. uh you know Mark Lgo, Chris Adams, Dustin Issacs um put a great uh management team together

I worked obviously as an investment banker. I worked with large cap companies uh you know with a global investment bank based in Australia. We did you know multiple M&A transactions

when I when I was asked by our partner to step in and be the general manager uh of the of the joint venture

before we drilled a single hole this is one of the things I went back to our our joint venture partnership and and Agniko and said listen we don't really have a better understanding two years into the joint venture we don't really have a better understanding of what's actually driving um you know gold mineralization at Dway and that's that's fundamental that's a problem

the company had actually undergone a 50% um drop in its share price upon releasing the final drill results uh from a deep drill program uh which was um really designed to test the potential for a bigger hydrothermal system at depth uh similar to other projects in the ABA Tibi um but again and we'll hit on all these things in terms of our marketing our philosophy or strategy the changes that we've made over the course of the year um it was poorly uh presented as to what the objectives were matching how we're presenting something to what the you know ultimate results you know the the the results came out at a time they were technically successful but they didn't run grade

maple trades at $29 US per ounce. So that chart that we saw before

we've brought in a very long-term focused uh institutional um strategic and corporate shareholder base. Obviously, Agniko has been with us for quite a while.

Whether it's in the market with every paycheck, as most of my employees do under our employee share purchase plans

and only about 1% is held by insiders which is also going to be part of the conversation

market cap uh with uh 36 million in the bank. So, we're going to talk about uh enterprise value per ounce metrics

and about 455 million shares outstanding today

there are 16.5 million options just over 21 million warrants

there are 16.5 million options just over 21 million warrants