Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (August 2024)
25 slides from Fury Gold Mines's investor presentation, August 2024
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation August 2024
Slide 2: Introductory Information
Introductory Information Cautionary Notes This corporate presentation is intended to provide readers with an overview of Fury Gold Mines Limited (the “Company”). The Company has made reasonable efforts to ensure that the information contained in this presentation is current as of August 13, 2024, ho
Slide 3: Technical and Scientific Information
Technical and Scientific Information The scientific and technical information included herein has been largely derived from the following technical reports prepared in accordance with NI 43-101: (a) the technical report entitled “Technical Report On The Eau Claire Project Quebec, Canada" dated Augus
Slide 4: Why Own Fury Gold Mines
Why Own Fury Gold Mines Best in Class Gold Junior Arguably one of the best-financed juniors in the industry with C$7.2M in cash and C$52.4M equity holding in Dolly Varden (54M shares)* Strategically Located for Upcoming Consolidation Unique optionality through multiple Canadian projects located near
Slide 5: High-Grade Gold Portfolio in Low-Risk Jurisdictions
High-Grade Gold Portfolio in Low-Risk Jurisdictions Geographically Positioned for Upcoming Consolidation Committee Bay Nunavut , MRE ‘23 Ind2: 524,000 oz at 7.85g/t Au Éléonore South Inf2: 720,000 oz at 7.64 g/t Au Quebec Exploration stage Eau Claire Quebec, MRE ‘24 M&I1: 1,160,000 oz at 5.64 g/t Au
Slide 6: Meaningful Ownership Position in Dolly Varden Silver
Meaningful Ownership Position in Dolly Varden Silver Financial Flexibility Gained Through the Sale of Homestake Ridge Indirect Exposure to BC’s Golden Triangle Fury owns 54M shares currently valued at C$52.4M* Dolly Varden Ownership (approximate): Fury 19% Hecla 15% Eric Sprott 10% Institutional 48%
Slide 7: Road Accessible High-Grade Gold Resource
Road Accessible High-Grade Gold Resource Eeyou Istchee James Bay Region of Quebec World-class Hydro Roads Airports government support for Power mining TSX | NYSE-A: FURY furygoldmines.com | 7
Slide 8: Eau Claire & Percival Mineral Resource 2024
Eau Claire & Percival Mineral Resource 2024 Looking North 36% increase in Measured & Indicated category (addition of 307koz Au) 44.6% increase in the Inferred category (addition of 223koz Au) Increase largely due to the inaugural resource at Percival Fury has added 7.38 ounces of gold for every mete
Slide 9: Eau Claire – Multiple Targets Identified
Eau Claire – Multiple Targets Identified Pipeline Approach to Early-Stage Development Eau Claire Deposit remains open in all directions Open high-grade gold mineralization at Percival Prospect Multiple untested anomalies at Percival, Lac Clarkie and along the Cannard Deformation Zone TSX | NYSE-A: F
Slide 10: 2024 Summer Work Program Update
2024 Summer Work Program Update Robust Structurally Controlled Gold Anomalies Defined 10
Slide 11: Éléonore South – 100% Ownership
Éléonore South – 100% Ownership Highly Prospective Early-Stage Gold Exploration Recently completed drill program with approximately 2,300m in 7 holes across 2.3km strike length Visible gold identified in 6 of 7 holes High grade structures visually extended: Scheelite + AsPy + Si alteration and veini
Slide 12: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 100% ownership of a 300 km greenstone belt (over Three Bluffs Deposit 250,000 ha.) Indicated1: 524k oz at Significant resource expansion potential for large 7.85 g/t Au discovery Inferred1: 720k oz at
Slide 13: Maintaining the Highest Standards of Environmental Protection and Community Engagement
Maintaining the Highest Standards of Environmental Protection and Community Engagement Environment What Digbee says about us ▪ Stewardship training for project contractors, drillers ▪ Initiating environmental base lines studies at Eau Claire ▪ Renewable energy – Hydro QC EM1 power station 18km away
Slide 14: Corporate Overview
Corporate Overview Capital Structure Ownership (As of June 13, 2024) Retail 56% MARKET CAP CASH Close Associates / High Net Worth 24% (August 13, 2024) (August 9, 2024) C$78.8M C$7.2M Institutional 12% Newmont 6% SHARES FULLY Management & Directors 2% OUTSTANDING DILUTED 151.5M 168.4M Analyst Covera
Slide 15: Major Achievements & Stock Performance
Major Achievements & Stock Performance TSX | NYSE-A: FURY furygoldmines.com | 15
Slide 16: Near-Term Catalysts
Near-Term Catalysts Results Pending from 2024 Exploration - Focused on New Discovery Éléonore South biogeochem Committee Bay Percival / Serendipity Trend TSX | NYSE-A: FURY furygoldmines.com | 16
Slide 17: Appendix
FURY APPENDIX
Slide 18: Eau Claire Deposit
Eau Claire Deposit Updated Mineral Resource Estimate 2024 Mineral Resource Estimate for the Eau Claire Deposit Category Tonnes Au g/t Contained Au (oz) Measured 1,157,000 5.19 193,000 Open Pit Indicated 1,291,000 4.19 174,000 (base case cut-off grade of 0.5 g/t) Measured & Indicated 2,448,000 4.66 3
Slide 19: Eau Claire Deposit
Eau Claire Deposit Resource is Open in All Directions Eau Claire Resource remains open for further expansion through additional drilling. Eau Claire vein geometry steepened in areas with new data and interpretation. TSX | NYSE-A: FURY furygoldmines.com | 19
Slide 20: Percival Deposit – Maiden Mineral Resource Estimate 2024
Percival Deposit – Maiden Mineral Resource Estimate 2024 Significant Potential for Discovery Percival is one of 15+ anomalies along the Percival – Serendipity trend. Linked by existing road infrastructure to the Eau Claire deposit and behaves similarly to Eau Claire mineralization metallurgically Se
Slide 21: EV/oz Peer Comparison
EV/oz Peer Comparison Among Fury’s peers, the company ranks: Highest open pit Measured & Indicated (M+I) grade Highest Underground (U/G) Inferred grade Highest Open Pit (OP) Inferred grade As of May 21, 2024 Source: Table compiled by Bryan Atkison P.Geol, SVP Exploration and David Rivard, P.Geo, Exp
Slide 22: Percival - Serendipity Biogeochemical Survey Results
Percival - Serendipity Biogeochemical Survey Results Robust Structurally Controlled Gold Anomalies Defined Focus on structural controls of brecciation Gold correlates with Ag- As-W-Te in breccias Productive structures distal to Au highlighted by: Ag-As-Sb-Te-Pb-Bi-S
Slide 23: Committee Bay – Large-Scale Exploration in Nunavut
Committee Bay – Large-Scale Exploration in Nunavut A Unique Opportunity with World Class Discovery Potential Drilled Three Bluffs deposit extension conductor target Current targeting focused on the emerging importance of shear zones Advanced Exploration Belt-wide geochem and geophysics complete Logi
Slide 24: Experienced and Balanced Management Team
Experienced and Balanced Management Team Management Team TIM CLARK PHIL VAN STADEN BRYAN ATKINSON CEO & Director CFO SVP, Exploration Independent Directors BRIAN CHRISTIE JEFFREY MASON MICHAEL HOFFMAN Chair of the Board Former CEO of Great Former VP Projects of Goldcorp Former VP of Investor Relatio
Slide 25: Contact Information
Contact Information +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com
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