Onyx Gold Corp. · TSXV:ONYX
Onyx Gold — Investor Presentation (January 2025)
23 slides from Onyx Gold's investor presentation, January 2025
Slide 1: A Golden Opportunity In Canada's Premier Gold Districts
TSXV ONYX OTCQX ONXGF A Golden Opportunity In Canada’s Premier Gold Districts Corporate Presentation January 2025
Slide 2: Forward Looking Statements
ONYX GOLD CORP | FORWARD LOOKING STATEMENTS Forward looking statements: This presentation contains certain “forward-looking information within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform
Slide 3: Value Creation Through Exploration
ONYX GOLD CORP | VALUE CREATION THROUGH EXPLORATION DISCOVERY-FOCUSED EXPLORER IN TWO OF CANADA’S TOP GOLD JURISDICTIONS TIMMINS CAMP ONTARIO Massive Land Position in Canada’s #1 Gold Camp • Looking for green field discoveries on under explored claims in a brown field environment EASTERN TOMBSTONE G
Slide 4: Capitalization Structure & Shareholders
ONYX GOLD CORP | CAPITALIZATION STRUCTURE & SHAREHOLDERS TIGHT SHARESTRUCTURE WITH QUALITY SHAREHOLDERS Capitalization and Balance Sheet (C$) Shareholder Registry Shares Outstanding1 48.5M 21% Warrants Outstanding1 7.1M 3 Gold Companies 33% Options Outstanding1 3.6M Retail Restricted Share Units (RS
Slide 5: The Best Place to Look for a New Mine Is Near an Old Mine
ONYX GOLD CORP | ABITIBI GREENSTONE BELT – CANADA’S GOLD EPICENTER MORE THAN 90% OF CANADIAN GOLD PRODUCTION > 210 MILLION OUNCES PRODUCED 2021 Gold Production Volumes | Timmins Leads all Abitibi Camps in historical Gold Production ONYX GOLD CORP THE BEST PLACE TO LOOK FOR A NEW MINE IS NEAR AN OLD
Slide 6: Excess Milling Capacity Within Km
ONYX GOLD CORP | EXCESS MILLING CAPACITY WITHIN 100 KM FY2023 Results 16,000 Tonnes of Ore Processed per Day Capacity Milled Excess 14,000 Existing mills looking for feed 12,000 significantly reduces: 47% Excess Capacity 10,000 1% Excess Capacity 3 g/t Au Head Grade 2.2 g/t Au Head Grade Threshold o
Slide 7: Becoming the Go-To Explorer in Timmins
ONYX GOLD CORP | BECOMING THE GO-TO EXPLORER IN TIMMINS STRATEGICALLY LOCATED PROPERTIES IN A TIER-1 MINING-FRIENDLY JURISDICTION ✓ 5+ years consolidating mining claims in prime locations at the right time in the market ✓ Proximal to existing infrastructure and producing mines ✓ On or near major pro
Slide 8: Munro-Croesus Property, Timmins
ONYX GOLD CORP | MUNRO-CROESUS PROPERTY, TIMMINS LARGE PROPERTY WITH 2 NEW GREENFIELD OROGENIC GOLD DISCOVERIES Munro-Croesus Property Overview: 108 km2 land position located 75 km east of Timmins – proximal to one producing mine and two multimillion-ounce development projects Munro-Croesus Project
Slide 9: Argus Zone
ONYX GOLD CORP | ARGUS ZONE OUTCROPPING BULK-TONNAGE TARGET 3 KM FROM THE HISTORIC CROESUS MINE Timeline of The Argus Zone Discovery: • 2019- 2021: Land assembly • 2021-2022: Data compilation and Croesus Mine geology/geophysics work N GM Vein Discovery • Jan-Feb 2022: Initial drilling and discovery
Slide 10: Argus North Discovery
ONYX GOLD CORP | ARGUS NORTH DISCOVERY A NEW HIGHER-GRADE ZONE ANNOUNCED SEPTEMBER 2024 The Argus North discovery, MC24-163: 48.1m of 1.87 g/t Au, incl. 4.5 m of 7.14 g/t Au and 10.0m of 4.05 g/t Au, is an entirely new zone of high-grade mineralization Argus North is open in all directions TSXV ONYX
Slide 11: Argus West
ONYX GOLD CORP | ARGUS WEST FUTURE UPSIDE POTENTIAL OF THE ARGUS ZONE Argus West • Argus remains open to the west across the post-mineral Barton Creek Fault N • Recent mapping has shown that the same variolitic basalt hosting the Argus Main mineralization continues • 2024 grab sample from outcrop re
Slide 12: GM Vein Discovery
ONYX GOLD CORP | GM VEIN DISCOVERY NEW HIGH-GRADE VEIN DISCOVERED 350 M NW OF THE HISTORIC CROESUS MINE Blind Discovery – December 2023 MC23-132 returned 0.9m of 121.9 g/t Au (3.55 opt) (true width), including 0.3m of 363.0 g/t Au (10.59 opt) (true width) - The single highest assay in the Company’s
Slide 13: GM Vein
ONYX GOLD CORP | GM VEIN BLIND, HIGH-GRADE VEIN ~55 M VERTICAL DEPTH – REMAINS OPEN FOR EXPANSION Inclined Long Section Looking -45 towards 320 SURFACE Abundant Visible Gold in Drill Hole MC23-132 TSXV ONYX OTCQX OXNGF 13
Slide 14: Golden Mile Property, Timmins
ONYX GOLD CORP | GOLDEN MILE PROPERTY, TIMMINS A SIGNIFICANT LAND PACKAGE WITH LITTLE TO NO EXPLORATION OVER DECADES Golden Mile Highlights • Opportunity in sight of >70 Moz past production in the Timmins Gold Camp • Northeastern projection of Giant Mine Corridor and intersection with regional Pipes
Slide 15: Yukon's Eastern Tombstone Gold Belt
ONYX GOLD CORP | YUKON’S EASTERN TOMBSTONE GOLD BELT A NEW CANADIAN MINING DISTRICT IN THE MAKING Dominant Land Position Near a Major Discovery • A new ‘high-grade’ Reduced Intrusive Related Gold System (RIRGS) environment emerging in Yukon’s Selwyn basin • Onyx has 100% control of a 227 km2 portfol
Slide 16: King Tut Property, Yukon
ONYX GOLD CORP | KING TUT PROPERTY, YUKON MULTIPLE INTRUSIVE-HOSTED GOLD TARGETS Significant Discovery Potential In Yukon • 20 km long property covering multi-kilometer- long Gold-in-soil anomalies associated with Reduced Intrusion Related Gold (RIGS) targets • Golden Mask, Ra, and Main Tut are the
Slide 17: Ra
ONYX GOLD CORP | RA MULTI-KILOMETER-LONG INTRUSION-RELATED GOLD TARGET Ra Target Highlights • Intrusion-related gold target covering multigenerational gold-bearing sheeted quartz veins within an exposed, 3 km by 2 km intrusion • Previous drilling in 1996 returned: 1.0 g/t Au over 21 m* associated wi
Slide 18: Sheeted Vein Look-Alikes
ONYX GOLD CORP | SHEETED VEIN LOOK-ALIKES TSXV ONYX OTCQX OXNGF 18
Slide 19: Golden Mask
ONYX GOLD CORP | GOLDEN MASK INTRUSION-RELATED GOLD TARGET 9 KM WEST OF RA Golden Mask Highlights • Large, 2.3 x 1.5 km gold-in-soil anomaly associated with a partially outcropping granitic intrusion • Expanded to north in 2024 • Maiden 2023 drill program - 7 holes, ~1,500 m • Results include 0.30g/
Slide 20: 2024 Exploration Summary and Q4 2024 – H1 2025 Work Plans
ONYX GOLD CORP | 2024 EXPLORATION SUMMARY Completed Work Q4 2024 – H1 2025 Work Plans Timmins Exploration: Timmins Exploration: 25 holes (3,311 m) drill program completed ❑ Following up on prospective hot spots with at Munro-Croesus Property boots-on-the-ground mapping and • 20 holes (1,731 m) were
Slide 21: Investment Recap
ONYX GOLD CORP | INVESTMENT RECAP DISCOVERY-FOCUSED EXPLORER IN TWO OF CANADA’S TOP GOLD JURISDICTIONS Timmins Camp, Ontario The Go-To Explorer in Canada’s #1 Discovery Stage Feasibility Stage Mining Stage Gold Camp Highest risk/ Lowered risk/ Full Value reward reward Speculators Exit Relative Value
Slide 22: Contact
Contact TSXV ONYX Brock Colterjohn, MBA, BSc President & CEO, Director OTCQX Nicole Hoeller OXNGF Vice-President, Communications Information@onyxgold.com
Slide 23: Meet the Team
ONYX GOLD CORP | MEET THE TEAM BROCK COLTERJOHN DARWIN GREEN IAN CUNNINGHAM-DUNLOP CONOR MCKINLEY NICOLE HOELLER ARIS MORFOPOULOS President & CEO Executive Chairman Executive VP VP Exploration VP Communication CFO 12 years of experience in Entrepreneurial mining Seasoned mining 15 years of experienc