What does Contango ORE Inc. mine?

Contango ORE Inc. is focused on Gold.

What is the economic value of Contango ORE Inc.'s Johnson Tract Project?

According to its PEA, Johnson Tract Project has an after-tax NPV of $225M and an IRR of 30.2%.

How many projects does Contango ORE Inc. have?

We track 39 projects with extracted technical and economic data for Contango ORE Inc.

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Contango ORE Inc.

CTGOSmall CapGold

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About Contango ORE Inc.

Contango ORE Inc. (CTGO) is a gold mining company. Our project database tracks 39 projects for Contango ORE Inc. with technical and economic data extracted from company filings. Its flagship Johnson Tract Project (PEA) carries an after-tax NPV of $225M and an IRR of 30.2% over a 12-year mine life.

Contango ORE is developing the Manh Choh gold project in Alaska, a significant advanced-stage deposit being advanced in partnership with Kinross Gold. The company benefits from the partnership's operational expertise and Alaska's established mining jurisdiction.

Primary Commodities

Gold

Project Economics

Kitsault Valley Project

Silver· Skeena Mining District, northwestern British Columbia, Canada· Exploration

Resource Estimate

Sep 2026

Mine TypeUnderground

Mineral Resources: Indicated: 7.660 Mt containing 58.698 Moz Ag, 394.700 koz Au or 89.545 Moz AgEq; Inferred: 6.305 Mt containing 22.804 Moz Ag, 620.817 koz Au or 64.920 Moz AgEq. Reported at 132 g/t AgEq cut-off (South Reef retained at 2.0 g/t AuEq cut-off).
Royalties / Streams: Certain property portions are subject to net smelter return royalties and other contractual obligations, as detailed in Chapter 3.

Source: Technical report

Johnson Tract Project

Gold (polymetallic: Au, Zn, Cu, Ag, Pb)· Alaska, USA· Development

PEA

May 2025

NPV (After-Tax) @ 5%$225M

NPV (Pre-Tax)$359M

IRR (After-Tax)30.2%

Initial Capex$214M

Payback1.1 yrs

Mine Life12 yrs

Head Grade5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn (Indicated)

Mine TypeUnderground (long hole open stoping and mechanized cut and fill)

Contained Metal1,161 koz AuEq

Mineral Resources: Indicated: 3,489 kt @ 5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn, 9.39 g/t AuEq (598 koz Au, 673 koz Ag, 43.1 Mlb Cu, 51.5 Mlb Pb, 400.8 Mlb Zn, 1,053 koz AuEq); Inferred: 706 kt @ 1.36 g/t Au, 9.1 g/t Ag, 0.59% Cu, 0.30% Pb, 4.18% Zn, 4.76 g/t AuEq (31 koz Au, 207 koz Ag, 9.2 Mlb Cu, 4.7 Mlb Pb, 65.1 Mlb Zn, 108 koz AuEq). Cut-off 3.0 g/t AuEq.
Royalties / Streams: 2% NSR on copper and silver; 4% NSR on gold

Source: Technical report

Johnson Tract Polymetallic (Gold, Zinc, Copper, Silver, Lead) Project

Gold (polymetallic: Au, Zn, Cu, Ag, Pb)· Alaska, USA· Development

PEA

May 2025

Mine TypeUnderground (long hole open stoping and mechanized cut and fill)

Contained Metal1,161 koz AuEq (M&I&I combined; Indicated 1,053 koz + Inferred 108 koz AuEq)

Mineral Resources: Indicated: 3,489 kt @ 5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn, 9.39 g/t AuEq (contained 598 koz Au, 673 koz Ag, 43.1 Mlb Cu, 51.5 Mlb Pb, 400.8 Mlb Zn, 1,053 koz AuEq); Inferred: 706 kt @ 1.36 g/t Au, 9.1 g/t Ag, 0.59% Cu, 0.30% Pb, 4.18% Zn, 4.76 g/t AuEq (contained 31 koz Au, 207 koz Ag, 9.2 Mlb Cu, 4.7 Mlb Pb, 65.1 Mlb Zn, 108 koz AuEq). 3.0 g/t AuEq cut-off.

Source: Technical report

Johnson Tract Polymetallic Project

Gold· Alaska, USA· Development

PEA

May 2025

Mine TypeUnderground

Contained Metal629 koz Au

Mineral Resources: Indicated: 3,489 kt @ 5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn, 9.39 g/t AuEq (598 koz Au); Inferred: 706 kt @ 1.36 g/t Au, 9.1 g/t Ag, 0.59% Cu, 0.30% Pb, 4.18% Zn, 4.76 g/t AuEq (31 koz Au)

Source: Technical report

Coleman (CLMN) Deposit

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade15.6 g/t Au (Indicated); 9.9 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal95,036 oz Au

Mineral Resources: Indicated 190,092 tonnes grading 15.6 g/t Au for 95,036 oz Au; Inferred 74,265 tonnes grading 9.9 g/t Au for 23,642 oz Au
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR.

Source: Technical report

Lucky Shot Segment (LS)

Gold· Willow Creek mining district, Alaska, USA· Exploration

Resource Estimate

May 2023

Mine TypeUnderground

Ownership100%

Contained Metal12,052 oz Au

Mineral Reserves: No mineral reserves declared
Mineral Resources: Indicated 36,871 tonnes grading 8.9 g/t Au for 10,584 oz Au; Inferred 7,793 tonnes grading 5.9 g/t Au for 1,468 oz Au (as of May 26, 2023)
Royalties / Streams: See Lucky Shot Project royalties

Source: Technical report

Lucky Shot Project - Lucky Shot (LS) Deposit

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade8.9 g/t Au (Indicated), 5.9 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal12,052 oz Au

Mineral Reserves: There are no mineral reserves for the Lucky Shot Project.
Mineral Resources: Indicated: 36,871 tonnes grading 8.9 g/t Au for 10,584 oz Au; Inferred: 7,793 tonnes grading 5.9 g/t Au for 1,468 oz Au
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% on oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR.

Source: Technical report

Lucky Shot Project (Coleman & Lucky Shot Deposits)

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade14.5 g/t Au (Indicated), 9.5 g/t Au (Inferred) - combined CLMN & LS

Mine TypeUnderground

Ownership100%

Contained Metal25,110 oz Au (Inferred)

Mineral Resources: Indicated: 226,963 tonnes grading 14.5 g/t Au for 105,620 oz Au; Inferred: 82,058 tonnes grading 9.5 g/t Au for 25,110 oz Au (CLMN & LS combined, 100% ownership basis, as of May 26, 2023; 4.3 g/t Au COG, 3.0m min width, US$1,600/oz Au)
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% oil & gas), 3.30% on sand/gravel/building stone held by AHI; Medders Royalty 2.50% Post-Payout NSR held by AHI; Enserch Royalty 0.5% NSR held by Enserch Processing Partners, Ltd. State Claims: AHI Lease Royalty 4% NSR. Also $150,000 annual lease payment to AHI.

Source: Technical report

Lucky Shot Project - Coleman (CLMN) Deposit

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade15.6 g/t Au (Indicated), 9.9 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal118,678 oz Au

Mineral Reserves: There are no mineral reserves for the Lucky Shot Project.
Mineral Resources: Indicated: 190,092 tonnes grading 15.6 g/t Au for 95,036 oz Au; Inferred: 74,265 tonnes grading 9.9 g/t Au for 23,642 oz Au
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% on oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR.

Source: Technical report

Lucky Shot Project (Coleman and Lucky Shot deposits)

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade14.5 g/t Au (Indicated), 9.5 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal130.7 koz Au

Mineral Reserves: There are no mineral reserves for the Lucky Shot Project.
Mineral Resources: CLMN & LS combined: Indicated 226,963 t grading 14.5 g/t Au for 105,620 oz Au; Inferred 82,058 t grading 9.5 g/t Au for 25,110 oz Au (Measured: none)
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR.

Source: Technical report

Lucky Shot Project (CLMN & LS Combined)

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade14.5 g/t Au (Indicated); 9.5 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal105,620 oz Au

Mineral Resources: Indicated Mineral Resources of 226,963 tonnes grading 14.5 g/t Au for 105,620 oz Au and Inferred Mineral Resources of 82,058 tonnes grading 9.5 g/t Au for 25,110 oz Au (CLMN + LS combined, effective May 26, 2023)
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR. Lease payment of $150,000/year to AHI.

Source: Technical report

Lucky Shot (LS) Deposit

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade8.9 g/t Au (Indicated); 5.9 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal10,584 oz Au

Mineral Resources: Indicated 36,871 tonnes grading 8.9 g/t Au for 10,584 oz Au; Inferred 7,793 tonnes grading 5.9 g/t Au for 1,468 oz Au
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR.

Source: Technical report

Lucky Shot Project

Gold· Willow Creek mining district, Matanuska-Susitna Borough, Alaska, USA· Exploration

Resource Estimate

May 2023

Head Grade14.5 g/t Au (Indicated), 9.5 g/t Au (Inferred)

Mine TypeUnderground

Ownership100%

Contained Metal130,730 oz Au

Mineral Reserves: There are no mineral reserves for the Lucky Shot Project.
Mineral Resources: Indicated: 226,963 tonnes grading 14.5 g/t Au for 105,620 oz Au; Inferred: 82,058 tonnes grading 9.5 g/t Au for 25,110 oz Au (CLMN & LS combined, 100% basis)
Royalties / Streams: Patented Mining Claims: AHI Lease Royalty 2% NSR; Renshaw Royalty 3.30% proceeds on solid minerals (5.00% on oil and gas); Medders Royalty 2.50% Post-Payout NSR; Enserch Royalty 0.5% NSR. State Claims: AHI Lease Royalty 4% NSR. AGT must pay lease payment of $150,000 to AHI each year by January 15.

Source: Technical report

Coleman Deposit (CLMN)

Gold· Willow Creek mining district, Alaska, USA· Exploration

Resource Estimate

May 2023

Mine TypeUnderground

Ownership100%

Contained Metal118,678 oz Au

Mineral Reserves: No mineral reserves declared
Mineral Resources: Indicated 190,092 tonnes grading 15.6 g/t Au for 95,036 oz Au; Inferred 74,265 tonnes grading 9.9 g/t Au for 23,642 oz Au (as of May 26, 2023)
Royalties / Streams: See Lucky Shot Project royalties

Source: Technical report

Manh Choh Project (Manh Choh North & Manh Choh South)

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mt ore mined per year

Head Grade7.9 g/t Au, 13.6 g/t Ag (Probable Mineral Reserves)

Mine TypeOpen-pit

Ownership30%

Contained Metal67,860 oz Au (Indicated 65,290 + Inferred 2,570)

Mineral Reserves: Probable Mineral Reserves (100% Peak Gold JV attributable basis): approximately 3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag. Contango 30% attributable basis: approximately 1.18 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 299,143 contained oz Au and 515,571 contained oz Ag.
Mineral Resources: Indicated Mineral Resources (100% Peak Gold JV basis): approximately 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag. Inferred: approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag. Resources reported exclusive of Mineral Reserves. Contango 30% attributable: Indicated approximately 253,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 19,590 oz Au and 75,640 oz Ag; Inferred approximately 6,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 770 oz Au and 1,890 oz Ag.

Source: Technical report

Manh Choh Project (Peak Gold)

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mtpa (mining rate)

Mine TypeOpen-pit

Ownership30%

Mineral Reserves: Probable Mineral Reserves of approximately 3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag (100% Peak Gold JV attributable basis)
Mineral Resources: Indicated Mineral Resources of approximately 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag; Inferred Mineral Resources of approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag (100% Peak Gold JV attributable basis)

Source: Technical report

Manh Choh Project (Peak Gold JV)

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Mine TypeOpen-pit

Ownership30%

Mineral Reserves: Probable Mineral Reserves (100% Peak Gold JV basis): approximately 3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag. Contango 30% attributable: approximately 1.18 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 299,143 contained oz Au and 515,571 contained oz Ag.
Mineral Resources: Indicated Mineral Resources (100% basis): approximately 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag. Inferred Mineral Resources (100% basis): approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag. Mineral Resources are reported exclusive of Mineral Reserves.

Source: Technical report

Manh Choh Project (Peak Gold JV) - 100% Basis

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mtpa ore mining rate

Mine TypeOpen-pit

Ownership100%

Contained Metal997,143 oz Au (Probable Reserves)

Mineral Reserves: Probable Mineral Reserves of approximately 3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag
Mineral Resources: Indicated Mineral Resources of approximately 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag; Inferred Mineral Resources of approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag

Source: Technical report

Manh Choh Project (Peak Gold JV) - Contango 30% Attributable

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mtpa ore mining rate

Mine TypeOpen-pit

Ownership30%

Contained Metal299,143 oz Au (Probable Reserves)

Mineral Reserves: Probable Mineral Reserves of approximately 1.18 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 299,143 contained oz Au and 515,571 contained oz Ag
Mineral Resources: Indicated Mineral Resources of approximately 253,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 19,590 contained oz Au and 75,640 contained oz Ag; Inferred Mineral Resources of approximately 6,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 770 contained oz Au and 1,890 contained oz Ag

Source: Technical report

Manh Choh Project (formerly Peak Gold)

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mtpa (ore mining rate)

Head Grade7.9 g/t Au, 13.6 g/t Ag (Probable Mineral Reserve grade)

Mine TypeOpen-pit

Ownership30%

Mineral Reserves: Probable Mineral Reserves of approximately 3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag (100% Peak Gold JV attributable ownership basis)
Mineral Resources: Indicated Mineral Resources of approximately 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag; Inferred Mineral Resources of approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag (100% Peak Gold JV basis)

Source: Technical report

Manh Choh (Peak Gold)

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mt ore mined per year

Mine TypeOpen-pit

Ownership30%

Mineral Reserves: Probable Mineral Reserves (100% basis): ~3.94 Mt grading 7.9 g/t Au and 13.6 g/t Ag for ~997,143 contained oz Au and 1,718,571 contained oz Ag
Mineral Resources: Indicated Mineral Resources (100% basis): 845,700 t grading 2.4 g/t Au and 9.3 g/t Ag for ~65,290 contained oz Au and 252,140 contained oz Ag; Inferred: 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for ~2,570 contained oz Au and 6,290 contained oz Ag

Source: Technical report

Manh Choh Project

Gold· Near Tok, Alaska, USA· Development

Feasibility

May 2023

Mine Life4.6 yrs

Annual Production10.8 Mt ore per year (LOM average mining rate)

Head Grade7.9 g/t Au, 13.6 g/t Ag

Mine TypeOpen-pit

Ownership30%

Contained Metal997,143 oz Au

Mineral Reserves: Probable Mineral Reserves of approximately 3.94 million metric tonnes (Mt) grading 7.9 g/t Au and 13.6 g/t Ag for approximately 997,143 contained oz Au and 1,718,571 contained oz Ag (100% Peak Gold JV attributable ownership basis)
Mineral Resources: Indicated Mineral Resources of approximately 845,700 metric tonnes (t) grading 2.4 g/t Au and 9.3 g/t Ag for approximately 65,290 contained oz Au and 252,140 contained oz Ag; Inferred Mineral Resources of approximately 21,400 t grading 3.8 g/t Au and 9.2 g/t Ag for approximately 2,570 contained oz Au and 6,290 contained oz Ag (100% Peak Gold JV attributable ownership basis)

Source: Technical report

Combined Kitsault Valley Project

Silver, Gold· British Columbia, Canada· Exploration

Resource Estimate

Feb 2023

Source: Technical report

South Reef (SR)

Gold· British Columbia, Canada· Exploration

Resource Estimate

Jan 2022

Mineral Resources: Inferred: 0.445 Mt @ 8.68 g/t Au, 4.9 g/t Ag, 0.04% Cu, 0.001% Pb (124.2 koz Au, 0.1 Moz Ag, 0.36 Mlb Cu). Cutoff 2.0 g/t AuEq.

Source: Technical report

Homestake Silver (HS)

Silver, Gold· British Columbia, Canada· Exploration

Resource Estimate

Jan 2022

Mineral Resources: Inferred: 3.354 Mt @ 146.0 g/t Ag, 3.13 g/t Au, 0.03% Cu, 0.18% Pb (15.7 Moz Ag, 337.0 koz Au, 2.19 Mlb Cu, 13.2 Mlb Pb). Cutoff 2.0 g/t AuEq.

Source: Technical report

Homestake Main (HM)

Gold, Silver, Copper· British Columbia, Canada· Exploration

Resource Estimate

Jan 2022

Mineral Resources: Indicated: 0.736 Mt @ 7.02 g/t Au, 74.8 g/t Ag, 0.18% Cu, 0.08% Pb (166 koz Au, 1.80 Moz Ag, 2.87 Mlb Cu, 1.25 Mlb Pb). Inferred: 1.747 Mt @ 6.33 g/t Au, 35.9 g/t Ag, 0.35% Cu, 0.11% Pb (355.6 koz Au, 2.0 Moz Ag, 13.32 Mlb Cu, 4.14 Mlb Pb). Cutoff 2.0 g/t AuEq.

Source: Technical report

Johnson Tract (JT Deposit)

Gold-Silver-Zinc-Copper-Lead· Alaska, USA· Exploration

Resource Estimate

2022

Head Grade5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn (Indicated)

Recovery97.3%

Mine TypeUnderground

Contained Metal598 koz Au

Mineral Resources: Indicated: 3,489 kt at 5.33 g/t Au, 6.0 g/t Ag, 0.56% Cu, 0.67% Pb, 5.21% Zn (9.39 g/t AuEq); Inferred: 706 kt at 1.36 g/t Au, 9.1 g/t Ag, 0.59% Cu, 0.30% Pb, 4.18% Zn (4.76 g/t AuEq); Cut-off 3.0 g/t AuEq

Source: Technical report

Manh Choh Project (Main Peak and North Peak)

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (15 km SE of Tok, Alaska)· Exploration

Resource Estimate

Apr 2021

Ownership30%

Contained Metal1,324 koz Au (Measured & Indicated 1,208 koz Au + Inferred 116 koz Au; 100% Peak Gold LLC basis)

Mineral Resources: Peak Gold, LLC 100%: Measured & Indicated 9,201 kt grading 4.1 g/t Au and 14.2 g/t Ag for 1,208 koz Au and 4,199 koz Ag (4.3 g/t AuEq for 1,267 koz AuEq); Inferred 1,344 kt grading 2.7 g/t Au and 16.1 g/t Ag for 116 koz Au and 694 koz Ag (2.9 g/t AuEq for 126 koz AuEq). Contango 30% attributable: M&I 2,760 kt grading 4.1 g/t Au and 14.2 g/t Ag for 362 koz Au and 1,260 koz Ag; Inferred 403 kt grading 2.7 g/t Au and 16.1 g/t Ag for 35 koz Au and 208 koz Ag
Royalties / Streams: 3% NSR royalty held by Royal Gold on Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from area including current resource area (Peak Gold JV may acquire 50% for $4 million); incremental 1% NSR on certain State of Alaska claims; State of Alaska 3% Net Income Royalty on State Mining Claims

Source: Technical report

Manh Choh Project (Main Peak and North Peak; formerly Peak Gold)

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (15 km SE of Tok)· Exploration

Resource Estimate

Apr 2021

Mine Life8 yrs

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated); 2.7 g/t Au, 16.1 g/t Ag (Inferred)

Mine TypeOpen-pit (conventional open pit truck and shovel operation per 2018 internal PEA)

Ownership30%

Contained Metal1,324 koz Au (M&I + Inferred, 100% basis: 1,208 koz + 116 koz)

Mineral Resources: Peak Gold, LLC 100% ownership (as of December 31, 2020): Measured & Indicated 9.2 Mt grading 4.1 g/t Au and 14.2 g/t Ag for 1.2 Moz Au and 4.2 Moz Ag; Inferred 1.3 Mt grading 2.7 g/t Au and 16.1 g/t Ag for 116,000 oz Au and 694,000 oz Ag. Contango 30% attributable: M&I 2.8 Mt at 4.1 g/t Au and 14.2 g/t Ag for 362,000 oz Au and 1.3 Moz Ag; Inferred 400,000 t at 2.7 g/t Au and 16.1 g/t Ag for 35,000 oz Au and 208,000 oz Ag
Royalties / Streams: Royal Gold holds 3% royalty on Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from resource area (Peak Gold JV right to acquire 50% for $4M); incremental 1% NSR on certain State of Alaska claims (increasing Royal Gold royalty from 2% to 3%). State of Alaska 3% Net Income Royalty on State Mining Claims.

Source: Technical report

Manh Choh Project (Main Peak & North Peak)

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (15 km SE of Tok, Alaska)· Development

Resource Estimate

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated); 2.7 g/t Au, 16.1 g/t Ag (Inferred)

Mine TypeOpen-pit

Ownership30%

Contained Metal1,324 koz Au (M&I + Inferred, 100% basis: 1,208 + 116)

Mineral Resources: Measured & Indicated: 9.2 Mt at 4.1 g/t Au and 14.2 g/t Ag for 1.2 Moz Au and 4.2 Moz Ag (100% Peak Gold, LLC basis); Inferred: 1.3 Mt grading 2.7 g/t Au and 16.1 g/t Ag for 116,000 oz Au and 694,000 oz Ag
Royalties / Streams: 3% Net Income Royalty on State Mining Claims (State of Alaska); 3% royalty to Royal Gold on Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from area of interest (Peak Gold JV retains right to acquire 50% for $4M); incremental 1% NSR on certain State of Alaska mining claims increasing Royal Gold's royalty from 2% to 3%

Source: Technical report

Manh Choh Project (Peak Gold JV - Main Peak & North Peak)

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (~15 km SE of Tok, Alaska)· Development

Resource Estimate

Apr 2021

Mine Life8 yrs

Head Grade4.1 g/t Au (Measured + Indicated); 2.7 g/t Au (Inferred)

Recovery90%

Mine TypeOpen-pit (conventional truck and shovel, per September 2018 internal PEA concept)

Ownership30%

Contained Metal1,208 koz Au

Mineral Resources: Peak Gold, LLC 100%: Measured + Indicated 9.2 Mt at 4.1 g/t Au and 14.2 g/t Ag for 1.2 Moz Au and 4.2 Moz Ag; Inferred 1.3 Mt at 2.7 g/t Au and 16.1 g/t Ag for 116,000 oz Au and 694,000 oz Ag. Contango 30% attributable: M&I 2.8 Mt at 4.1 g/t Au and 14.2 g/t Ag for 362,000 oz Au and 1.3 Moz Ag; Inferred 400,000 t at 2.7 g/t Au and 16.1 g/t Ag for 35,000 oz Au and 208,000 oz Ag
Royalties / Streams: 3% Net Income Royalty on State Mining Claims (State of Alaska); 3% royalty held by Royal Gold Inc. on Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from an area of interest including the current resource area (Peak Gold JV retains right to acquire 50% of this royalty for $4 million); incremental 1% NSR royalty on certain State of Alaska mining claims (increasing Royal Gold's royalty from 2% to 3%)

Source: Technical report

Manh Choh Project (formerly Peak Gold) - Contango 30% Attributable

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA· Exploration

Resource Estimate

Dec 2020

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated)

Mine TypeOpen-pit (conventional truck and shovel — from prior PEA concept)

Ownership30%

Contained Metal362 koz Au

Mineral Resources: Measured & Indicated 2.8 Mt at 4.1 g/t Au and 14.2 g/t Ag for 362,000 oz Au and 1.3 Moz Ag; Inferred 400,000 t at 2.7 g/t Au and 16.1 g/t Ag for 35,000 oz Au and 208,000 oz Ag
Royalties / Streams: 3% NSR royalty to Royal Gold on Leased Land and State Mining Claims; incremental 28% NSR on silver from area of interest; incremental 1% NSR on certain State of Alaska claims

Source: Technical report

Manh Choh Project (Peak Gold) — Peak Gold, LLC 100% / Contango 30% attributable

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (15 km SE of Tok; 300 km SE of Fairbanks)· Development

Resource Estimate

Dec 2020

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated)

Recovery90%

Ownership30%

Contained Metal1.3 Moz Au (M&I&I combined)

Mineral Resources: Peak Gold, LLC 100%: Measured 473,000 t at 6.4 g/t Au (97,000 oz Au), 16.7 g/t Ag (254,000 oz Ag), 6.6 g/t AuEq (101,000 oz AuEq); Indicated 8,728,000 t at 4.0 g/t Au (1,111,000 oz Au), 14.1 g/t Ag (3,945,000 oz Ag), 4.2 g/t AuEq (1,168,000 oz AuEq); Total M&I 9,201,000 t at 4.1 g/t Au (1,208,000 oz Au), 14.2 g/t Ag (4,199,000 oz Ag), 4.3 g/t AuEq (1,267,000 oz AuEq); Inferred 1,344,000 t at 2.7 g/t Au (116,000 oz Au), 16.1 g/t Ag (694,000 oz Ag), 2.9 g/t AuEq (126,000 oz AuEq). Contango 30% attributable: Measured 142,000 t at 6.4 g/t Au (29,000 oz Au), 16.7 g/t Ag (76,000 oz Ag), 6.6 g/t AuEq (30,000 oz AuEq); Indicated 2,618,000 t at 4.0 g/t Au (333,000 oz Au), 14.1 g/t Ag (1,183,000 oz Ag), 4.2 g/t AuEq (350,000 oz AuEq); Total M&I 2,760,000 t at 4.1 g/t Au (362,000 oz Au), 14.2 g/t Ag (1,260,000 oz Ag), 4.3 g/t AuEq (380,000 oz AuEq); Inferred 403,000 t at 2.7 g/t Au (35,000 oz Au), 16.1 g/t Ag (208,000 oz Ag), 2.9 g/t AuEq (38,000 oz AuEq)
Royalties / Streams: 3% NSR royalty held by Royal Gold Inc. on the Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from the current resource area (Peak Gold JV may acquire 50% for $4 million); incremental 1% NSR on certain State of Alaska mining claims (increasing Royal Gold's royalty from 2% to 3%); State of Alaska 3% Net Income Royalty on State Mining Claims

Source: Technical report

Manh Choh Project (formerly Peak Gold) - Peak Gold, LLC 100%

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA· Exploration

Resource Estimate

Dec 2020

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated)

Mine TypeOpen-pit (conventional truck and shovel — from prior PEA concept)

Ownership100%

Contained Metal1,208 koz Au

Mineral Resources: Measured & Indicated 9.2 Mt at 4.1 g/t Au and 14.2 g/t Ag for 1.2 Moz Au and 4.2 Moz Ag; Inferred 1.3 Mt at 2.7 g/t Au and 16.1 g/t Ag for 116,000 oz Au and 694,000 oz Ag
Royalties / Streams: 3% NSR royalty to Royal Gold on Leased Land and State Mining Claims; incremental 28% NSR on silver from area of interest (Peak Gold JV retains right to acquire 50% for $4 million); incremental 1% NSR on certain State of Alaska claims; 3% Net Income Royalty on State Mining Claims

Source: Technical report

Manh Choh Project (formerly Peak Gold) - Main Peak & North Peak Deposits

Gold· Tetlin Hills and Mentasta Mountains, eastern Interior Alaska, USA (15 km SE of Tok, Alaska)· Exploration

Resource Estimate

Dec 2020

Head Grade4.1 g/t Au, 14.2 g/t Ag (Measured & Indicated)

Mine TypeOpen-pit (proposed concept: conventional open pit truck and shovel)

Ownership30%

Contained Metal1,208 koz Au

Mineral Resources: Measured & Indicated: 9,201,000 t at 4.1 g/t Au and 14.2 g/t Ag for 1,208,000 oz Au and 4,199,000 oz Ag (100% basis). Inferred: 1,344,000 t at 2.7 g/t Au and 16.1 g/t Ag for 116,000 oz Au and 694,000 oz Ag (100% basis).
Royalties / Streams: Royal Gold: 3% royalty on Leased Land and State Mining Claims; incremental 28% NSR royalty on silver produced from area of interest (Peak Gold JV retains right to acquire 50% for $4 million); incremental 1% NSR on certain State of Alaska mining claims (increasing Royal Gold's royalty from 2% to 3%). State of Alaska 3% Net Income Royalty on State Mining Claims.

Source: Technical report

Dolly Varden (DV)

Silver· British Columbia, Canada· Exploration

Resource Estimate

May 2019

Recovery90%

Mineral Resources: Indicated: 0.156 Mt @ 414.2 g/t Ag (2.078 Moz Ag). Inferred: 0.086 Mt @ 271.5 g/t Ag (0.754 Moz Ag). Cutoff 150 g/t Ag.

Source: Technical report

North Star (NS)

Silver· British Columbia, Canada· Exploration

Resource Estimate

May 2019

Recovery90%

Mineral Resources: Indicated: 0.236 Mt @ 262.8 g/t Ag (1.994 Moz Ag). Inferred: 0.005 Mt @ 223.6 g/t Ag (0.035 Moz Ag). Cutoff 150 g/t Ag.

Source: Technical report

Torbrit (TB)

Silver· British Columbia, Canada· Exploration

Resource Estimate

May 2019

Recovery90%

Mineral Resources: Indicated: 2.623 Mt @ 296.8 g/t Ag (25.025 Moz Ag). Inferred: 1.185 Mt @ 278.0 g/t Ag (10.588 Moz Ag). Cutoff 150 g/t Ag.

Source: Technical report

Wolf (WF)

Silver· British Columbia, Canada· Exploration

Resource Estimate

May 2019

Recovery90%

Mineral Resources: Indicated: 0.402 Mt @ 296.6 g/t Ag (3.834 Moz Ag). Inferred: 0.010 Mt @ 230.6 g/t Ag (0.070 Moz Ag). Cutoff 150 g/t Ag.

Source: Technical report

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Manh Choh Project (Main Peak & North Peak)

8 studies on record

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Apr 2021

Resource Estimate

Apr 2021

Manh Choh Project

10 studies on record

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Apr 2021

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Manh Choh Project (formerly Peak Gold)

2 studies on record

Resource Estimate

Dec 2020

Feasibility

May 2023

Manh Choh Project (Main Peak and North Peak)

4 studies on record

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Resource Estimate

Apr 2021

Resource Estimate

Apr 2021

Manh Choh Project (Peak Gold JV)

12 studies on record

Resource Estimate

Dec 2020

Resource Estimate

Dec 2020

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Manh Choh Project (Peak Gold JV - Main Peak & North Peak)

2 studies on record

Resource Estimate

Apr 2021

Resource Estimate

Apr 2021

Manh Choh Project (Peak Gold)

4 studies on record

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Feasibility

May 2023

Lucky Shot Project (Coleman and Lucky Shot deposits)

2 studies on record

Resource Estimate

May 2023

Resource Estimate

May 2023

Coleman (CLMN) Deposit

2 studies on record

Resource Estimate

May 2023

Resource Estimate

May 2023

Lucky Shot Project

21 studies on record

Resource Estimate

May 2023

Resource Estimate

May 2023

Resource Estimate

May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

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May 2023

Resource Estimate

May 2023

Resource Estimate

May 2023

Lucky Shot (LS) Deposit

2 studies on record

Resource Estimate

May 2023

Resource Estimate

May 2023

Johnson Tract

2 studies on record

PEA

May 2025

$615M

IRR 60% · Capex $214M

PEA

May 2025

Johnson Tract Polymetallic Project

3 studies on record

PEA

May 2025

PEA

May 2025

PEA

May 2025

Johnson Tract Polymetallic (Gold, Zinc, Copper, Silver, Lead) Project

19 studies on record

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

PEA

May 2025

Kitsault Valley

2 studies on record

Resource Estimate

Sep 2026

Resource Estimate

Sep 2026

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Frequently Asked Questions

What does Contango ORE Inc. mine?: Contango ORE Inc. is focused on Gold.
What is the economic value of Contango ORE Inc.'s Johnson Tract Project?: According to its PEA, Johnson Tract Project has an after-tax NPV of $225M and an IRR of 30.2%.
How many projects does Contango ORE Inc. have?: We track 39 projects with extracted technical and economic data for Contango ORE Inc.

Quick Facts

Ticker Symbol: CTGO
Market Cap: Small Cap
Category: Gold
Commodities: Gold

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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