Idaho Strategic Resources (IDR) Planet MicroCap Showcase: VEGAS 2025 summary

Corporate overview and strategy

• Operates the Golden Chest Mine, Idaho's largest gold producer, and holds the largest rare earth elements land package in the U.S.

• Achieved $8.8 million in GAAP net income in 2024 and maintains under 14 million shares outstanding.

• CEO is the largest shareholder with a 9% stake; business model focuses on production-backed exploration.

• Profits from gold operations are reinvested into exploration for both gold and rare earth elements.

• Maintains a strong debt-averse philosophy, with only equipment debt on the books.

Exploration and operational plans

• 2024 drilling totaled 10,000 m; 2025 plans call for 22,000 m, with 15,500 m at Golden Chest and 4,500 m in the Murray Gold Belt.

• New infrastructure includes a completed paste backfill building, with commissioning of the plant expected in H2 2025, saving $800,000 annually.

• Plans to build the Murray Mill on site to eliminate $500,000 in annual haulage costs.

• 2024 gold production was just under 12,000 ounces at an average head grade of 9.67 g/t.

• All-in sustaining cost for gold in 2024 was about $1,450/oz, with discretionary exploration spend impacting cost structure.

Gold and rare earths exploration focus

• Multiple new gold veins discovered at Golden Chest; expansion potential in the Murray Gold Belt with priority targets for 2025.

• Priority gold targets include Argus, Buckskin, King Mine, and West Argus, with historic workings and promising geology.

• Largest rare earth element projects are Mineral Hill, Diamond Creek, and Lemhi Pass, with Mineral Hill showing grades over 30% total rare earths.

• Lemhi Pass stands out for its high percentage of salable rare earths (53% of 5% total grade), focused on neodymium, praseodymium, dysprosium, and terbium.

• Collaboration with Iluka Resources on radiometrics and magnetics to refine exploration targets.