MANAGEMENT DISCUSSION AND ANALYSIS
Quarterly Report for the three months ended March 31, 2023
This Management Discussion and Analysis (“MD&A”) of Plato Gold Corp (the “Company”) provides an analysis of the Company’s financial results for the three months ended March 31, 2023. The following information should be read in conjunction with the accompanying unaudited condensed interim consolidated financial statements and the related notes for the three months ended March 31, 2023 and the audited consolidated financial statements and the related notes for the year ended December 31, 2022.
The unaudited condensed interim consolidated financial statements and related notes of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”). Refer to the notes of the March 31, 2023 unaudited condensed interim consolidated financial statements for disclosure of the Company’s significant accounting policies. The Company’s functional and reporting currency is the Canadian dollar.
The Company is publicly traded on the TSX Venture Exchange (TSX-V:PGC), OTCQB®
Venture Market (OTCQB: NIOVF), and the Frankfurt Exchange (Frankfurt: 4Y7 or WKN: A0M2QX).
International Financial Reporting Standards
The Company’s unaudited condensed interim consolidated financial statements for the quarter ending March 31, 2023 and the December 31, 2022 audited consolidated financial statements have been prepared in accordance with IFRS as published by the International Accounting Standards Board.
Date of Report
This report is prepared as of May 17, 2023.
Forward Looking Statements
This MD&A includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address exploration
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drilling, exploration activities and events or developments that the Company expects are forward- looking statements. Although the Company believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploration successes, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
Additional information, including press releases, have been filed electronically through the System for Electronic Document Analysis and Retrieval (“SEDAR”) and are available online under our profile at www.sedar.comor the Company’s website at www.platogold.com.
Company Overview
Plato Gold Corp is a Canadian exploration company focused on prospective properties in recognized mining districts worldwide, including Marathon and Timmins, Ontario, and Santa Cruz, Argentina.
The Company was first listed on the TSX Venture Exchange (TSX-V:PGC) in 2005. Plato Gold Corp was formed as a result of a reverse takeover by its predecessor corporation, Plato Gold Corp of Shatheena Capital Corp., a capital pool company, and the subsequent amalgamation of Plato Gold Corp and Shatheena Capital Corp. Plato Gold Corp, the private company, was started in 1996.
The Company has four regionally based projects. The first project is the Good Hope Niobium Project consisting of a total of 254 claims, consisting of 227 Single Cell Mining Claims and 27 Boundary Cell Mining Claims, and covers an area of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario. The Company holds a 100% interest in the Good Hope Niobium Property.
The second project is the Pic River Platinum Group Metals (PGM) Project consists of a total of 111 Single Cell Mining Claims and covers an area of approximately 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project where their Sally deposit is located. On January 28, 2020, the Company signed an option agreement to acquire a 100% interest in the Pic River PGM claims.
The third project, the Lolita Project in Santa Cruz, Argentina, is comprised of a…
Read More: Plato Gold : MD&A (Q1 2023)