Nexgold · TSXV:NEXG
Nexgold — NexGold Mining — Investor Presentation (July 2024)
27 slides from Nexgold's investor presentation, July 2024
Slide 1: The Next Mid-tier gold producer in the making
Next The Next Mid-tier gold producer in the making July 2024
Slide 2: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS TECHNICAL DISCLOSURE TSX.V: NEXG
Slide 3: Investment Growth Platform
Investment Growth Platform TSX.V: NEXG Near Term Production At Goliath Gold Complex Partially permitted, advanced development project in Ontario, which generated Pre- Feasibility Study economics of $652 million NPV5%, and a 41.1% IRR at US$2,150/oz Au. A feasibility study and final permits are in pr
Slide 4: Asset Location: Goliath Gold Complex
NexGold ae Asset Locati O Nn Goliath Gold Complex 2023 PFS estimates: 1.3Moz 2P Mineral Re: 2.1Moz M&l Mineral Resour: 0.8Moz Inferred Mineral Re: TSX.V: NEXG
Slide 5: Management team
Ex President of Barrick gold, former CEO of DeBeers and 35 years of mine 18 years in mine building, capital prolific mine builder building experience markets, and senior leadership. Chairman CEO President 30 years experience building 5 25+ years in finance, over $1B mining operations, in senior in f
Slide 6: Board of directors
CHAIRMAN DIRECTOR DIRECTOR DIRECTOR Jim Gowans Michele Ashby Paul McRae Margot Naudie DIRECTOR DIRECTOR DIRECTOR DIRECTOR Andy Bowering Rob McLeod Morgan Lekstrom Jeremy Wyeth TSX.V: NEXG
Slide 7: Market cap, shareholders and research coverage
10.1% Frank Giustra¹ 9.3% Extract 42.39% Float 9.9% Sprott 4.3% First Mining Market Cap Cash 1.9% Matrix 1.9% Teck 3.4% NEXG Mgmt + BOD 17% Shares Outstanding Convertible Debt Warrants Institutional RESEARCH COVERAGE (1) On a partially diluted basis TSX.V: NEXG
Slide 8: Development Focus at GGC
DEVELOPMENT FOCUS AT GGC TSX.V: NEXG
Slide 9: 100% ownership of the Goliath Gold Complex
100% ownership of the Goliath Gold Complex (“GGC”) located in Northwestern Ontario Easy access to world-class infrastructure Federal EA in hand Robust PFS demonstrating $625M NPV5% and 41.1% after-tax IRR at US$2,150/oz Au Updated mineral resource includes a combined 2.1Moz M&I and 0.8Moz Inferred r
Slide 10: World class infrastructure at our doorstep
• World class infrastructure at our doorstep, including: • Trans-Canada Highway • Ontario Provincial Hwy 72 • CP Rail • Hydro • Ready access to experienced and available workforce in Dryden and Sioux Lookout • Environmental Assessment approval received for Goliath • Potential co-development opportun
Slide 11: Production, operating costs and financial projections
TOTAL RECOVERED GOLD OPERATING COSTS PRODUCTION LIFE & OUTPUT Throughout its operational life, the The cash cost over the first 9 years is The project is planned for a 13-year project is expected to recover a total projected at US$892 per ounce, with Life of Mine (LOM), with an average of 1.2 millio
Slide 12: March 2023 PFS Highlights
MARCH 2023 PFS HIGHLIGHTS • 13yr mine life with average production >100koz Au in first 9 years • 6.5ktpd gravity-CIL plant; average Au recovery 92.8% • C$336mm Post-tax NPV5% and 25.4% IRR at US$1,750 Au • LOM Cash Cost US$935/oz; LOM AISC US$1,072/oz • C$335mm initial capex, 2.8yr payback • LOM C$1
Slide 13: Development timeline: PFS to construction
2023 2025 2025 Q3 2025 2026 PFS Feb 2023 FS by Q1 2025 Provincial permits, Construction Shovels in IBA in 2025 decision to follow the ground TSX.V: NEXG
Slide 14: Upside Growth Potential
UPSIDE GROWTH POTENTIAL Newcrest Acquires Brucejack Mine from Pretium for $2.7B Seabridge Acquires Snowfield from Pretium for $100M Skeena Acquiers QuestEX for $36M Ascot Acquires Red Mtn from IDM for $32M 2.5km 15km Away from Mill NW of the deep- being built water port of Stewart TSX.V: NEXG
Slide 15: Resource update and expansion potential
6 Mt NI 43-101 compliance resource, updated February 2023 Geological reinterpretation confirmed by 2021 drilling now provides significant expansion potential in multiple directions 2020/2021 drill highlights includes grades up to 4.93 g/t Au, 145 g/t Ag and 5.18% Cu Existing production sized undergr
Slide 16: Partnership and renewed drive towards production
Partnership to bring together Renewed drive towards complementary skillsets production at GGC Platform for continued Strong balance sheet growth through consolidation and shareholder base Refreshed organic exploration upside TSX.V: NEXG
Slide 17: Contact
Contact Call Us Toronto Office +1 (416) 214 4654 Toll Free +1 (855) 664 4654 TSX.V: NEXG Chat with us All Inquiries info@nexgold.com Fax +1 (844) 984 3639
Slide 18: TSX.V: NEXG
TSX.V: NEXG
Slide 19: Mineral reserves
Deposit Quantity (‘000 tonnes) Grade Gold (g/t) Contained Gold (‘000 oz) Grade Silver (g/t) Contained Silver (‘000 oz) Open Pit – Goliath Proven 3,969 1.05 134 3.22 410 Probable 5,580 0.67 119 2.20 395 Proven & Probable 9,549 0.83 254 2.62 805 Open Pit – Goldlund Proven - - - - - Probable 16,256 1.1
Slide 20: Mineral resources
Deposit Cut-off Grade (g/t) Quantity (‘000 tonnes) Grade Gold (g/t) Contained Gold (‘000 oz) Measured Resources Goliath Open Pit 0.25 6,223 1.20 240 Goliath Underground 2.2 170 6.24 34 Total Measured 6,393 1.33 274 Indicated Resources Goliath Open Pit 0.3 23,081 0.75 559 Goliath Underground 2.2 2,55
Slide 21: Goliath open pit and underground resources
Goliath Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Ag (g/t) Ag koz Measured 0.25 6,223 1.20 239.5 4.70 940.6 Indicated 0.25 23,081 0.75 559.4 2.53 1,878.5 Meas+ Ind 0.25 29,304 0.85 798.9 2.99 2,819.1 Inferred 0.25 3,330 0.66 70.2 0.80 85.2 1. Refer to the Notes on the Mineral Resou
Slide 22: Goldlund resources
Goldlund Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Measured 0.3 0 0.00 0 Indicated 0.3 33,353 0.85 911.0 Meas+ Ind 0.3 33,353 0.85 911.0 Inferred 0.3 28,833 0.73 680.2 1. Refer to the Notes on the Mineral Resource Estimate in slide 20 of this Presentation Goldlund Underground Class
Slide 23: Miller open pit and successful conversion
Miller Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Measured 0.3 0 0.00 0 Indicated 0.3 2,112 1.10 74.6 Meas+ Ind 0.3 2,112 1.10 74.6 Inferred 0.3 138 1.01 4.5 1. Refer to the Notes on the Mineral Resource Estimate in slide 20 of this Presentation SUCCESSFUL CONVERSION of more than 90
Slide 24: Cut-off grade sensitivity tables
Goliath Open Pit (January 17, 2022) Goldlund Open Pit (January 17, 2022) Miller Open Pit (January 17, 2022) Class Class Class Cut-off Tonnes Au Grade Au Cut-off Tonnes Au Grade Au Cut-off Tonnes Au Grade Au (g/t) (t) (g/t) (Oz) (g/t) (t) (g/t) (Oz) (g/t) (t) (g/t) (Oz) >0.6 2,824,000 2.18 197,800 >0
Slide 25: Comparison - Goliath Gold Complex Total
Comparison - Goliath Gold Complex Total Cut-Off Grade Tonnes (kt) Au (g/t) Au (Oz) Deposit Type Class 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE Goliath Open Pit Meas 0.25 0.25 1,471 6,223 1.90 1.20 90,000 239,500 Goliath Underground Meas 1.60 2.20 98 170
Slide 26: 2021 PEA MRE vs 2022 MRE parameters
Parameters Units 2021 PEA MRE 2022 MRE Gold Price $/oz Au 1,700 1,700 Silver Price $/oz Ag 23 23 US$ to CAD 0.75 0.75 Recovery / Regression Au Goliath % 95.5 93.873*Au^0.021 Recovery / Regression Au Goldlund % 89 90.344xAu^0.0527 Recovery / Regression Au Miller % 89 93.873*Au^0.021 Recovery Ag Golia
Slide 27: Significant leverage to gold price
Significant leverage to gold price Gold Price Post-tax NPV5% Initial Capex Total OPEX FX US$/Oz Base Case (-20%) (+20%) (-20%) (+20%) (-10%) (+10%) $1,550 $178 $242 $114 $321 $30 $315 $64 $1,650 $257 $321 $193 $400 $113 $402 $137 $1,750 $336 $400 $271 $479 $192 $490 $209 $1,850 $414 $478 $350 $557 $