Montage Gold

Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the fully permitted Koné Gold Project, located in northwest Côte d’Ivoire, covering a total area of 2,258 sq km, and which currently hosts a Probable Mineral Reserve of 174.3Mt grading 0.72g/t for 4.01Moz.

The Koné project ranks as one of the highest quality gold projects in Africa given its sizeable low-cost production and long mine life. The Company released the results of an updated DFS on the Koné Gold Project in January 2024, outlining a 16 year mine life producing an estimated 3.57M ounces of gold over life of mine, with average annual production of 301koz, and estimated peak production of 378koz.

Led by a team recognized for discovering, building, operating, and growing major gold deposits in West Africa. Over the course of 2024, the team will be leveraging their extensive track record in developing projects in Africa to progress the Koné project towards a construction launch, thereby unlocking significant value for all its stakeholders.

Management Profile:

Peder Olsen, President & Chief Development Officer

Peder Olsen has over 15 years of experience in project development, operational, technical services and executive roles within the mining sector. He has a demonstrated track record in advancing large-scale projects from the initial study stage to the successful completion of construction, particularly in West Africa.

Peder has played a key leadership role in building the following projects on time and on budget: Endeavour’s Houndé mine in Burkina Faso during 2016-2017, Endeavour’s Ity mine in Côte d’Ivoire during 2017-2019, Adamus' Agbaou mine in Côte d’Ivoire during 2012-2013 and Adamus' Nzema mine in Ghana during 2009-2010. In addition, as Director of Projects for Papillion Resources, he played a pivotal role which culminated in the $620 million sale of the Fekola mine to B2Gold in 2014.

Since 2021, Peder has served as the Founder and Managing Director at Orange Mining, a global mining consultancy firm with a strong African presence, which specializes in offering owners project management, study and construction services, and commercial support including tendering services, project and equipment finance.

Between 2018 and 2019, Peder held the position of Director for Africa and Europe at Ibaera Capital, a Perth, Australia-based private equity fund. Prior to this, from 2015 to 2019, he held various roles with Endeavour Mining, including Senior Vice President – Projects, Mining & Technical Services. From 2008 to 2014, Peder held various Project Director and Engineering roles at Papillon Resources, Ampella Mining, Adamus Resources, and NS Projects.

Peder holds a Bachelor of Applied Science in Construction Management & Economics from Curtin University in Perth, Australia.

Jake Cain, Strategy & Investor Relations Manager

Jake Cain has over 10 years of experience in the mining industry with a strong track record in a number of areas including investor relations, capital markets, mergers and acquisitions, as well as mining operations and exploration across Africa. Prior to joining Montage Gold, Jake held numerous roles with Deloitte LLP, Sibanye-Stillwater and Gemfields Plc. Jake holds an M.Sc in Metals and Energy Finance from Imperial College Business School and the Royal School of Mines, and a B.Sc in Geology from the University of St Andrews.