Felix Gold Ltd. · ASX:FXG
Felix Gold — Investor Presentation (March 2024)
29 slides from Felix Gold's investor presentation, Mar 27, 2024
Slide 1: Company Update - Investor Presentation
ASX Announcement 27 MARCH 2024 Company Update - Investor Presentation Alaskan-based gold discovery company Felix Gold Limited (ASX:FXG) will be holding a live and interactive investor briefing on Thursday, 28th March 2024 at 12pm (AEDT). Executive Director Joe Webb will provide a strategy update and
Slide 2: Key projects and forward-looking statements
Felix’s key projects are located only 20 minutes from our operational base in the central mining services hub of Fairbanks City, Alaska. This base is a huge advantage for Felix with its existing infrastructure, low- cost power, skilled workforce and long history of gold production. It allows us to e
Slide 3: Fuelling Growth: Felix Gold's Resource Expansion Plan Near Tier 1 Gold Mine
Fuelling Growth: Felix Gold's Resource Expansion Plan Near Tier 1 Gold Mine INVESTOR PRESENTATION March 2024 ASX: FXG
Slide 4: Important Notices
Important Notices The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restriction
Slide 5: Investment Highlights
Investment Highlights Felix Gold's Resource Expansion Plan Prime Location Opportunity Alaska Fraser Institute #4 mining rating Current market valuation of $18/oz, positioned for market reassessment In the established Fairbanks gold mining hub STRATEGIC Proximity to Kinross’s Fort Knox Mine, Tapping
Slide 6: The Team to Deliver
The Team to Deliver The technical, operational & commercial expertise is geared towards metals exploration success Ronnie Beevor Joseph Webb Mark Strizek Non-Executive Chairman Executive Director Non-Executive Director 40+ years’ experience in mining investment 20+ years’ global executive management
Slide 7: Corporate Structure
Corporate Structure 5% 7% Highlights Tight capital structure Strongly supportive institutional shareholder base Expert geological and development guidance from MDF Global 20% CAPITAL STRUCTURE Shares on Issue 207.2 M SHARE REGISTER Share Price (26 Mar 2024) A$0.031 Market Capitalisation A$6.4 M 68%
Slide 8: Environment, Community and Governance
Environment, Community and Governance Sustainable Practices & Commitments Stakeholder Engagement We acknowledge and respect the presence of community Best-in-Class Regulatory Approach and industry stakeholders. We work closely with industry bodies, We are dedicated to surpassing regulatory standards
Slide 9: About the Fairbanks Gold Mining District
ABOUT THE FAIRBANKS GOLD MINING DISTRICT 6
Slide 10: Golden Hub: Strategic Operations in Fairbanks
Golden Hub: Strategic Operations in Fairbanks Next to a Major Mining Centre, Fairbanks City Leading Gold Production Centre: Situated in the Fairbanks Gold Mining District, the most prolific gold producing district in the Tintina Gold Belt. Alaskan Kalgoorlie Equivalent: Recognized as Alaska's mining
Slide 11: Felix Gold's Tenure - Fairbanks Gold Mining District
Felix Gold’s Tenure - Fairbanks Gold Mining District NORTH EAST FAIRBANKS TRUE NORTH TREASURE MINE GOLDEN CREEK SUMMIT 3.12OZ NW ARRAY GIL MINE FORT KNOX MINE 11.27OZ Treasure Creek Exploration Area GRANT Fairbanks Gold Mining District GRANT MINE RYAN LODE FAIRBANKS CITY Cautionary Statement: Felix
Slide 12: What Makes an Economic Mine in Fairbanks
What Makes an Economic Mine in Fairbanks Actual Projects Supplying Fort Knox Mill and their Profiles Gil Project* Manh Choh** Gold Production Centre: The Fairbanks Gold Mining District Low Grade High Grade has been the largest production center of the Tintina Gold Local Supply Remote Supply Belt. Ti
Slide 13: Grant Mine
GRANT MINE High Grade Brownfields Resource Expansion 10
Slide 14: The Grant Mine Value Proposition
The Grant Mine Value Proposition High Grade Gold Brownfields Resource Expansion Grant Mine has an average High grade gold, brownfields resource ECONOMIC underground grade of 6.2 g/t Au and is only 25km from Fort Knox* expansion, historic 98% recoveries and positioned for growth POTENTIAL High-Grade
Slide 15: Grant Mine Strategic Location
Grant Mine Strategic Location Grant Mine Proximity to Fort Knox Gold Mine Felix Gold's Grant Mine’s existing resource, growth potential, grade and location provide multiple potential development pathways from a stand-alone operations to ore supply to existing operations. 50km 100km 200km 300km Manh
Slide 16: Grant Mine History
Grant Mine History High-Grade Brownfields Resource Expansion Opportunity Plan View Showing Grant Mine Veins Historic Gold Mine: Discovered in 1926 with small scale mining on and off up to 1942. Exploration re-started in the late 1970s and tailed off in the 1990s. Gold production of 18,300oz of gold
Slide 17: The Grant Mine
The Grant Mine Cross Section and Lithology - 75% of Drill Holes <75m depth Mineralisation at Grant (Irishman Vein, O’Dea Vein and Ethel-Elms Vein) is hosted in quartz-sulphide Plan View Showing Grant Mine Veins shear veins and breccias cross-cutting quartz-muscovite and graphitic schists. Gold is as
Slide 18: The Grant Mine Value Creation Strategy
The Grant Mine Value Creation Strategy 2024 2025 2026 > Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Resource Expansion 2024 Community Consultation The initial plan is 2000m of drilling Drill Permitting (subject to funding) to gain momentum on the project and target an initial Drilling expansion of the resource. Assa
Slide 19: NW Array
NW ARRAY Maiden Resource Pending 16
Slide 20: NW Array Value Propositions
NW Array Value Propositions Large, open, at-surface, oxide and flat-lying gold system The NW Array has There are similar characteristics to ECONOMIC undertaken extensive drilling and is pre-resource the Gil Project which has recently been used to supply ore to Fort Knox POTENTIAL Notable Gold Interc
Slide 21: Economic Resource Potential Viability
Economic Resource Potential Viability A Fairbanks Case Study with NW Array Relevance The Gil Mine whose ore is currently processed at the Fort Knox Mill near Fairbanks shows that Felix’ NW Array has the NORTH EAST potential to become a relevant add-on opportunity upon FAIRBANKS Fairbanks Gold provin
Slide 22: Broad Gold Intercepts
Broad Gold Intercepts At surface & Flat Lying Mineralisation Extensive Drilling Program: Completed a 45-hole RC drilling campaign over 4,278m at the NW Array. Significant Gold Results Include: 70.1m @ 1.6g/t Au from 6.1m (incl. 7.6m @ 6.4g/t Au from 21.3m Hole 23TCRC138) 100.5m @ 1.14g/t Au from 21.
Slide 23: Flat Lying at Surface Gold Mineralization
Flat Lying at Surface Gold Mineralization Geology and Mineralization Types NW Array Cross Section Drill intercepts previously reported in ASX Announcements listed in Appendix 1 20
Slide 24: NW Array Gold Value Creation Pathway
NW Array Gold Value Creation Pathway Strategic Gold Reserve Expansion 2024 2025 2026 > Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Metallurgical Assessments & Resource Modeling Community Consultation Bottle roll tests to establish gold Metallurgical Testwork leachability - in process Anticipating maiden resource Mai
Slide 25: Investment Summary
Investment Summary Location Market Opportunity Alaska Fraser Institute #4 Mining Rating Undervalued Compared to Peers Fairbanks Gold Mining Town Record High Gold Market Proximity to Kinross Fort Knox Mine Value Growth Potential in Gold Exploration Company Strategy Imminent Value Driver Build Multi-M
Slide 26: Fuelling Growth: Felix Gold's Resource Expansion Plan Near Tier 1 Gold Mine
Fuelling Growth: Felix Gold's Resource Expansion Plan Near Tier 1 Gold Mine For further Joe Webb information, joe.webb@felixgold.com.au please contact: +61 422 955 411
Slide 27: Appendix 1
APPENDIX 1 Previous Disclosure – 2012 JORC Code
Slide 28: Appendix 1: Previous Disclosure – 2012 JORC Code
Appendix 1 Previous Disclosure – 2012 JORC Code The information in this release that relates to Exploration Results, Mineral Resources and Exploration Targets for Felix’s Fairbanks Gold Projects was extracted from the following ASX Announcements: 19 October 2023 High Grade Antimony Assays up to 28%
Slide 29: Appendix 1 cont.: Previous Disclosure – 2012 JORC Code
Appendix 1 cont. Previous Disclosure – 2012 JORC Code Grant Mine – Mineral Resource Estimate Grant Mine – Exploration Target An Exploration Target (JORC 2012) of 5.6 Mt to 6.6 Mt at a grade of 1.9 g/t Au to 2.1 g/t Au for 338,000 ounces to 545,000 ounces of gold was independently estimated by CP Mr