Monarch is looking better than ever! Conclusion
§ A well-funded newly created company with a focus on gold exploration and developing assets
in the Abitibi mining camp
§ $14M of hard cash with projects having combined resources of +520K oz/Au
§ 100% ownership on all projects, no debt on the balance sheet
§ We control our destiny by being one of the only ‘’non-major’’ mill owner in the region, ability to provide custom milling arrangements
§ Management with proven track record for acquisition of distressed/forgotten assets and ability to monetize
§ Cash flow opportunity – A possible restart of the Beaufor Mine within 8-14 months § All permits and equipment are in place, low capex to restart at Beacon
§ A low share count structure that will allow M&A transactions and opportunistic financings § Only ~66M shares out, half of which will be controlled within 10 entities
§ Cheap valuation in a bullish gold price environment § $38 EV/oz vs peers
§ Currently updating all 43-101 resource estimates
§ Interests aligned - Management intends to actively buy shares in the market
https://assets.website-files.com/5ff37a82f6caee2fe4e259a9/60147d9414d8922e4e42f08e_GBAR_Presentation_EN.pdf