Goldsky Resources Corp. · TSXV:GSKR
Goldsky Resources — First Nordic Metals — Investor Presentation (August 2025)
28 slides from Goldsky Resources's investor presentation, August 2025
Slide 1: First Nordic Metals – August 2025
FIRST NORDIC SeMeE eA: So. . \ AUGUST 2025 oa ie : ee: [+] FNM to FNMC SDB = FNMCF =. HEGO a7 yey c
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This management presentation (the “presentation”) is not a prospectus, offering memorandum or an advertisement and CAUTIONARY NOTE was prepared as a summary overview only of the current affairs of First Nordic Metals Corp. (“First Nordic Metals”). This Certain statements in this
Slide 3: Why First Nordic?
WHY FIRST NORDIC? Control of an Emerging Gold Camp Dominant landholder on Sweden’s underexplored Gold Line Belt, including: • Barsele Project, Europe’s 2nd largest development-stage gold deposit (JV with Agnico Eagle), a mine in the making • 9 large-scale gold targets across ~100 km of strike (100%
Slide 4: The Nordic Advantage
THE NORDIC ADVANTAGE Region is the leading producer FNM Assets: of metals in Europe - Sweden No. 1, Finland No. 2 GOLD LINE BELT OIJÄRVI BELT KYLMÄKANGAS • History of mining STORJUKTAN BARSELE OULU • Taxation incentives - No mineral tax, PAUBÄCKEN 20.6% corporate tax rate UMEÅ • Low political risk -
Slide 5: The Gold Line Belt
THE GOLD LINE BELT 0 25 50 KM GO LD SKEL LIN LEFTE Å VMS BELT EB EL T FÄBODTJÄRN BJÖRKDAL STORJUKTAN BARSELE KRISTINEBERG RENSTRÖM KANKBERG PAUBÄCKEN The largest development stage claim holder in Sweden ~80,000 SVARTLIDEN ha of mineral concessions along GOLD LINE BELT FNM LICENSES contiguous ~100 km
Slide 6: Gold Line Belt, Sweden vs Abitibi Belt, Canada
GOLD LINE BELT I SWEDEN Belt contains gold-rich intrusive- N hosted and VMS deposits, and SKELLEFTEÅ VMS BELT the geology and mineralization is like the prolific greenstone belts of northern Ontario and Quebec. SWEDEN PAUBÄCKEN FNM LICENSES STOCKHOLM GREENSTONE STORJUKTAN LARGE SCALE TARGET BARSELE
Slide 7: Capital Structure
CAPITAL STRUCTURE Agnico Eagle Analyst Coverage C$16M C$113M 317M 10% Approx. Cash Basic Market Basic Shares (August 11 2025) Capitalization Outstanding Insiders 18% 43% Institutional TP C$1.25 TP C$1.55 26M C$0.36 47M Options Share Price Warrants (avg. price 0.36) (August 11 2025) (avg. price 0.47)
Slide 8: Target 1 - Paubäcken | Aida
TARGET 1 - PAUBÄCKEN | AIDA +4 km target, awaiting assays for 8,000 m of drilling PAUBÄCKEN • Paubäcken is a 17,097 ha land package • BoT drilling and recent diamond drilling confirm shallow gold mineralization across ~4 km strike 10KM • 2024 results include 2.05 g/t Au and 5.01 g/t Au - highest BoT
Slide 9: Target 1 - Paubäcken | Aida core
TARGET 1 - PAUBÄCKEN | AIDA Recently drilled core showing lithologies of interest with visible gold 9
Slide 10: Target 2 & 3 - Paubäcken | Brokojan & Harpsund
TARGET 2 & 3 - PAUBÄCKEN | BROKOJAN & HARPSUND SOIL MEFFA Au (ppb) GDM1, GRANITE 5.5 km gold and pathfinder 0.0 - 10.0 10.1 - 20.0 GDM2, GRANITE PSP, META-SEDIMENTS & INTERMEDIATE anomaly, BoT/ToB recently 20.1 - 25.0 TO FELSIC VOLCANICS PSV, META-SEDIMENTS AND completed, diamond drill 25.1 - 50.0 5
Slide 11: Target 4 - Storjuktan | Nippas
TARGET 4 - STORJUKTAN | NIPPAS 5 km target with significant till & bedrock gold / pathfinder anomalism; maiden drill program underway • Storjuktan is a 30,000 ha land package TARGET 2 • Close to 5,000 till samples collected over area, identified a large 5 km x 1 km gold & pathfinder anomaly • 1Q25 B
Slide 12: New Targets - Storjuktan
NEW TARGETS - STORJUKTAN NORTHERN TARGET 5 new multi-kilometric gold anomalies identified in 2025 LOMAVAN • +17,000 till samples collected over the Storjuktan project area (excl. Nippas) in 2H24 • 5 new gold-in-till anomalies identified from Au analysis of 1,936 samples AREA TO BE SAMPLED NIPPAS • A
Slide 13: Barsele Project: Strategic Partnership With Agnico Eagle Mines
BARSELE PROJECT Strategic Partnership With Agnico Eagle Mines 0 1 2 KM BASTUTRÄSKET LAKE NORRA • JV: 55% Agnico / 45% FNM • Nationally designated mining status • 24,980 ha land package • 165,936 meters / 453 holes diamond drilled AVAN • US$55M invested to date by Agnico Eagle BARSELE CURRENT RESOURC
Slide 14: Barsele Project | Long Section
BARSELE PROJECT | LONG SECTION One of Europe’s largest development-stage gold deposits AVAN ZONE CENTRAL ZONE SKIRÅSEN ZONE 15m @ 3.58g/t AU from 300m in hole SKI17003 8m @ 16.58g/t AU from 366m in hole SKI16007 10m @ 5.24g/t AU from 395m in hole SKI16012 5m @ 3.32g/t AU 2m @ 7.57g/t AU from 634m in
Slide 15: Barsele Project | Cross Sections
BARSELE PROJECT | CROSS SECTIONS Wide, stacked parallel zones allow for low-cost bulk underground mining CENTRAL ZONE SKIRÅSEN ZONE AU (G/T) AU (G/T) >3.0 >3.0 2.0 - 3.0 2.0 - 3.0 1.0 - 2.0 300 M 200 M 1.0 - 2.0 0.5 - 1.0 AZIMUTH 325 0.5 - 1.0 AZIMUTH 325 0.3 - 0.5 LOOKING NW LOOKING NW SLICE WIDTH:
Slide 16: Barsele Project
BARSELE PROJECT Favorable deposit characteristics and significant upside potential Favourable Geometry / Dimensions Mineralized ore lodes range from 10 m to > 100 m wide, strike of 3.5 km; MINERAL RESOURCE ESTIMATE (2019) multiple parallel zones of varying thickness on same levels = huge cost saving
Slide 17: 2024 Gold Mine Opex in Northern Sweden
2024 GOLD MINE OPEX IN NORTHERN SWEDEN Bulk underground mining costs and low processing set the region apart BjÖrkdal Barsele VasterbÖtten, SWE VasterbÖtten, SWE • Mandalay Resources’ Björkdal Mine is Operating Details located ~225 km east of Barsele UG Mining Method Longhole Longhole • Operating si
Slide 18: Greenstone Belts Depth Potential
GREENSTONE BELTS Depth Potential ABITIBI BELT GOLD LINE BELT CANADA SWEDEN BLACK/GREY HOLT/ CANADIAN YOUNG FOX HOLLOWAY KIENA WESTWOOD LARONDE MALARTIC -DAVIDSON BARSELE MCEWEN AGNICO EAGLE WESDOME IAMGOLD AGNICO EAGLE AGNICO EAGLE ALAMOS FIRST NORDIC OM 550M 1000M 1100M 1450M 1500M 1750M OPEN 2000M
Slide 19: Key Upcoming Catalysts
KEY UPCOMING CATALYSTS Paubäcken • Aida: 8,000 m of diamond drill results • Harpsund: 5,000 m diamond drill program and results Storjuktan • Nippas: 5,000 m diamond drill program currently underway • 5 New Targets: BoT/ToB drill program, diamond drill programs to follow Barsele • ~3,500 m diamond dr
Slide 20: 2025 Estimation of Exploration Catalysts
2025 ESTIMATION OF EXPLORATION CATALYSTS Q4 2025 Aug Sep Oct Nov Dec EXPLORATION Generate Test New Test Existing New Targets Targets Targets Gold Line Belt X Regional - Geophysics/Lithostructural model Paubäcken X Aida Phase 2 diamond drill program (5-10,000 m) X Aida Phase 1 diamond drill results X
Slide 21: Key Management
KEY MANAGEMENT Taj Singh Adam Cegielski Gernot Wober John Eren CHIEF EXECUTIVE OFFICER & DIRECTOR PRESIDENT & DIRECTOR VICE PRESIDENT EXPLORATION VICE PRESIDENT CORPORATE P.Eng, M.Eng (Mining, Metallurgy), CPA with B.Sc. (App. Biochemistry) with over 25 P.Geo with over 35 years of international DEVE
Slide 22: Non-Executive Directors
NON-EXECUTIVE DIRECTORS Toby Pierce Henrik Lundin Marc Legault Brendan Cahill Jeff Couch CHAIRMAN DIRECTOR DIRECTOR DIRECTOR DIRECTOR B.Sc. Geology, MBA B.Sc. Petroleum Engineering Retired Engineer (P.Eng) and +20 years of executive leadership and board Business and law degrees from Canada, Geologis
Slide 23: Appendix
APPENDIX ADDITIONAL INFORMATION
Slide 24: Geochemistry | Barsele vs. Target 2/3 & 4
GEOCHEMISTRY | BARSELE VS. TARGET 2/3 & 4 PAUBÄCKEN G IRE LA C D C TI BARSELE IA O L N STORJUKTAN BROKOJAN GEOCHEMICAL HARPSUND NIPPAS ANOMALIES AU CENTRAL AS CU AVAN ZN MO SKIRÅSEN TILL SAMPLE AS PPM TILL SAMPLE AS PPM TILL SAMPLE AS PPM 0 - 20 0 - 20 0 - 20 20 - 30 20 - 30 20 - 30 30 - 40 30 - 40
Slide 25: Oijärvi Project
OIJÄRVI PROJECT AGNICO EAGLE: KITTILÄ BOLIDEN: KEVITSA Limited exploration historically has been completed PAHTAVAARA-KITTILÄ ANGL AMERICAN: OTANMÄKI beyond the Kylmäkangas resource footprint OIJÄRVI PAHTAVUOMA SAATTOPORA RUPERT: PAHTAVAARA OULU Contains several zones of mineralization, highlighted
Slide 26: Oijärvi Project – Kylmäkangas Deposit
OIJÄRVI PROJECT Kylmäkangas Deposit MINERAL RESOURCE ESTIMATE (2022) REGIONAL TARGETS Tonnage AuEq Au Ag AuEq Au Ag Kylmäkangas West Mt g/t g/t g/t Koz Koz Koz Drilled Au grades Karahkalehto Indicated 1.07 4.6 4.1 35.4 159 143 1,220 between 1-97 g/t Au Kompsa Inferred 1.63 2.9 2.7 15.2 152 142 795 T
Slide 27: Oijärvi Project – Kylmäkangas Deposit
OIJÄRVI PROJECT Kylmäkangas Deposit The Kylmäkangas Au-Ag deposit is open to depth and down plunge and there is the potential for additional down dip zones. Known Mineralization 1.5 KM STRIKE within a NE/SW striking high deformation shear corridor NEXT STEPS: • High resolution UAV magnetic geophysic
Slide 28: Get in Touch With FNM
GET IN TOUCH WITH FNM: EMAIL ir@firstnordicmetals.com OFFICE +1 604-687-8566 ADDRESS 2991 Dundas Street West Toronto, Ontario Canada M6P 1Z4 WEBSITE www.firstnordicmetals.com
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