Contango ORE, Inc. to Present at the virtual Fall Investor Summit on November 16th-18th

Rhea-AI Summary

Contango ORE, Inc. (OTC PINK:CTGO) will present at the virtual Fall Investor Summit on November 16-18, 2020. The company, which is developing a gold mine in partnership with Kinross and the Tetlin Alaska Native Tribe, has completed a transaction that positions it as a well-capitalized gold developer. With $35 million cash and less than 6 million shares issued, it targets an average production of 65,000 GEO/year at an AISC of $750/GEO. The Peak Gold project aims for a production of 1 million ounces over a 4.5-year mine life starting in 2024.

NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Contango ORE, Inc. (OTC PINK:CTGO), developing Alaska's next gold mine in partnership with Kinross and the Tetlin Alaska Native Tribe, will be presenting at this year's virtual Fall Investor Summit on November 16^th-18^th.

The Fall Investor Summit will take place virtually, featuring 75 companies and over 300 institutional and retail investors.

About Contango ORE, Inc.

Contango ORE, Inc. (OTC PNIK:CTGO) recently completed a transaction that repositions the Company as a well-capitalized US gold developer with a clear path to producing on average 65,000 GEO/year at AISC of $750/GEO. With less than 6 million shares issued and $35 million cash on hand, the Company can easily meet its obligations to fund through to production without dilution. Think about the free cash flow per share at current gold prices! How can we do this? The Company recently formed a new partnership with Kinross Gold Corporation - The Peak Gold JV (Kinross 70% and Contango 30% with Kinross as Manager and Operator). Ore from the Peak Gold JV will be processed at Kinross' existing Fort Knox mining and milling complex. The use of the Fort Knox mill is expected to accelerate the development of Peak Gold and result in significantly reduced upfront capital development costs, smaller environmental footprint, a shorter permitting and development timeline and less overall risk for the project. Kinross anticipates production of 1 million ounces of gold equivalent from the Peak Gold deposit over a 4.5 year mine life based on current resources beginning in 2024 and estimated all-in sustaining costs (AISC) of $750/oz Au Eq., and total capital costs of $110 million. There is significant upside exploration on the 675,000 acre land package located in the heart of the Tintina Gold Belt.

The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors.

To register as a presenting company: please contact Brittney Blocker (brittney@investorsummitgroup.com)

To request complimentary investor registration: please visit our website at www.investorsummitgroup.com

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FOR MORE INFORMATION

Please visit: www.investorsummitgroup.com

Or, contact Brittney Blocker at brittney@investorsummitgroup.com

SOURCE: Contango ORE, Inc.

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FAQ

When is Contango ORE's presentation at the Fall Investor Summit?

Contango ORE will present at the virtual Fall Investor Summit from November 16-18, 2020.

What is the expected production from the Peak Gold project?

The Peak Gold project is expected to produce 1 million ounces of gold equivalent over a 4.5-year mine life.

What are the financial highlights of Contango ORE, Inc.?

Contango ORE has $35 million cash on hand and less than 6 million shares issued, positioning it as a well-capitalized gold developer.

What are the all-in sustaining costs for Contango ORE's production?

The estimated all-in sustaining costs (AISC) for Contango ORE's production are $750 per gold equivalent ounce.

Who are the partners in the Peak Gold Joint Venture?

The Peak Gold Joint Venture is a partnership between Kinross, which holds 70%, and Contango ORE, which holds 30%.