New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (September 2023)
41 slides from New Found Gold's investor presentation, September 2023
Slide 1: Advancing the High-Grade Queensway Gold Project
ADVANCING THE HIGH-GRADE QUEENSWAY GOLD PROJECT TSX-V: NFG | NYSE-A: NFGC
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”), including with respect to the Company’s plans, including exploration and drill programs at the Company’s Queensway Project in Newfoundlan
Slide 3: Corporate Highlights
CORPORATE HIGHLIGHTS HIGH QUALITY OUNCES, STARTING AT SURFACE. Multiple high-grade discoveries made over several kilometers. Newfoundland, IN A DISTRICT SCALE SETTING. Property package spans 1,662km2 and covers 120km of strike. Canada IN THE MIDST OF A 500,000M DRILL PROGRAM. 180,000m of drilling in
Slide 4: Cornerstone Investor
CORNERSTONE “ NEW FOUND GOLD INVESTOR REPRESENTS THE LARGEST INVESTMENT I HAVE MADE IN MY CAREER.” Eric Sprott Billionaire Resource Investor invested to date $6.5M $8.3M $90.2M $137.3M $3.6M 2019 2020 2021 2022 2023 TSX-V: NFG, NYSE-A: NFGC | 4
Slide 5: Board of Directors
BOARD OF DIRECTORS Collin Denis Douglas Douglas Vijay Raymond Kettell Laviolette Hurst HurstMehta Threlkeld Founder, Chairman & CEO Founder & President Independent Director Independent Independent Director Director Independent Director Mr. Kettell is a founder of New Geologist with 15+ years of Geol
Slide 6: Key People
KEY PEOPLE Ron Greg Michael Melissa Hampton Matheson, P.Geo. Kanevsky, CPA Render, P.Geo. CDO COO CFO V.P. of Exploration Ron has 25+ years of project and A professional geologist with over A Chartered Professional Accountant An exploration geologist with over engineering leadership experience 14 ye
Slide 7: Significant Intercepts
AFZ QWN PLAN MAP Deformation Zone MONTE CARLO Au Associated Fault Interpreted Au Vein Surface Intersection LOTTO Trans-Canada Highway SIGNIFICANT INTERCEPTS Greywacke Shale 6 NFGC-21-201 E NFG Collar with Assays ON TZ UL THE COMPANY’S TEN MOST SIGNIFICANT INTERCEPTS FA N TO COVER 5 ZONES, ACROSS 2.5
Slide 8: 17 Zones and Counting
QWN AFZ PLAN MAP Deformation Zone EVEREST Au Associated Fault Interpreted 17 ZONES AND COUNTING Au Vein Trans-Canada Highway Greywacke Shale K2 AFZ Mineralized Footprint JACKPOT THE AFZ MINERALIZED ENVELOPE NOW COVERS AN AREA AFZ Target Envelope RUNNING 4.1KM IN STRIKE LENGTH BY 400M WIDE NFGC Colla
Slide 9: Project Advancement Timeline
PROJECT ADVANCEMENT TIMELINE NEW FOUND IS ADVANCING THE QUEENSWAY PROJECT THROUGH THE DISCOVERY PHASE WHILE SIMULTANEOUSLY DE-RISKING THROUGH PRE-DEVELOPMENT WORK TO BRING THE PROJECT TO A DESIGN AND PERMIT-READY STAGE JAN 2020 JUN 2021 SEP 2022 JAN 2023 MAR 2023 Keats Main Golden Joint Keats West I
Slide 10: Our Home: Newfoundland
OUR HOME: NEWFOUNDLAND NEW FOUND IS PROUD TO CALL NEWFOUNDLAND HOME. T UL FA ON ET PL T UL AP FA P Giga-Shack. Recently JB completed 25,000 ft2 Ranked #4 mining jurisdiction The Government of NL plans to build 5 office and core shack. globally1 new mines by 20302 Glenwood Appleton Gander er Lake Gan
Slide 11: Community Involvement
COMMUNITY INVOLVEMENT NEW FOUND IS COMMITTED TO SUPPORTING THE CENTRAL NEWFOUNDLAND REGION AND ITS COMMUNITIES AT LARGE. 86% Local-First Local Staff Hiring Of the 250 people employed either New Found Gold Corp. uses a directly or as contractors on the local-first hiring and procurement Project, 86%
Slide 12: Positioned for Development
POSITIONED FOR DEVELOPMENT NEW FOUND IS ACTIVELY DE-RISKING THE PROJECT THROUGH PRE-DEVELOPMENT AND EXPLORING EARLY CASH-FLOW SCENARIOS. Environmental Stakeholder Baseline Engagement Ongoing environmental baseline Continuing positive engagement studies include surface water and with stakeholders, re
Slide 13: Discovering a District
DISCOVERING T UL FA A DISTRICT ON ET PL T UL QUEENSWAY NORTH AP FA P JB • Home to 16 high-grade gold • The Queensway LOTTO discovery zones. Project is 120km GOLDEN JOINT 1744 H POND KEATS WEST long and includes POCKET POND • Approximately 95% of drilling to date has taken place on this Gander KEATS
Slide 14: Queensway North
QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC | 14
Slide 15: The Queensway North Project
KM M THE QUEENSWAY BIG DAVE .4K 9.5 12 NORTH PROJECT 1744 EVEREST GLASS • The majority of drilling has been focused on K2 a string of high-grade ZONE 36 JACKPOT discoveries spanning 5km LOTTO NORTH along the AFZ. LOTTO • These zones remain open MONTE CARLO in all directions. Minimal LITTLE DOME GOLD
Slide 16: Keats
KEATS ICEBERG NE KM ZO 9.5 LT KEATS AU NORTH COKES NF • New Found’s first high- E N ZO ETO grade gold discovery, made LOTTO LT NFGC-22-593 in January 2020, is hosted AU PL 9.12 g/t Au / 8.20m NF 42.6 g/t Au / 11.75m by the Keats-Baseline fault AP ETO NFGC-19-01 zone. 75.2 g/t Au / 23.50m PL GOLDEN J
Slide 17: Lotto
E ON LOTTO TZ LOTTO PLAN MAP NFGC-22-788 UL NE 16.1 g/t Au / 5.30m KM Deformation Zone Au Grade (g/t) FA ZO Au Vein 0.5 – 1.0 Surface Intersection 1.0 - 3.0 9.5 ON Greywacke 3.0 - 10.0 LT Shale >10.0 ET NFGC Collar AU PL NF • New Found’s second AP LOTTO NORTH ETO discovery in October 0 100 200 m LOT
Slide 18: Golden Joint
GOLDEN E GOLDEN JOINT PLAN MAP ON TZ Deformation Zone Au Grade (g/t) NFGC-19-03 NE Au Vein 0.5 – 1.0 KM 16.5 g/t Au / 6.10m UL JOINT Surface Intersection 1.0 - 3.0 ZO Greywacke FA 3.0 - 10.0 9.5 Shale >10.0 LT NFGC Collar ON AU ET PL DOME NF • New Found’s third AP 0 100 200 m ETO discovery made in L
Slide 19: Keats West
KEATS WEST PLAN MAP NFGC-22-686 Deformation Zone Au Grade (g/t) 10.4 g/t Au / 10.50m Fault 0.5 – 1.0 Au Vein 1.0 - 3.0 Surface Intersection KEATS 3.0 - 10.0 Greywacke >10.0 NFGC-23-1149 Shale NFGC Collar 1.06 g/t Au / 12.05m 5.81 g/t Au / 30.05m NE KM WEST ZO NFGC-22-1027 9.5 5.05 g/t Au / 11.70m NF
Slide 20: Iceberg
GOLDEN JOINT ICEBERG PLAN MAP ROAD Deformation Zone Au Grade (g/t) NFGC-23-1285 21.7 g/t Au / 4.45m Fault 0.5 – 1.0 ICEBERG Au Vein 1.0 - 3.0 Surface Intersection 3.0 - 10.0 Greywacke >10.0 Shale NFGC Collar NFGC-23-1226 NFGC-23-1293 1.38 g/t Au / 9.70m NE 4.49 g/t Au / 6.00m KM ZO 9.5 LT QUEENSWAY
Slide 21: Appleton Cross-Section
APPLETON CROSS-SECTION 06 A -22 -1049 A /667A 141 0 -1128 -23-1 C-23-13 A’ C -6602-594 -1100 112 3- GC-23 NFGC FG NW NFG 2 C-2 GC-2 2-561 2-567 2-864 C-23 -2 C NF N SE NFG NF FGC-2 FGC-2 FGC-2 NFG NFG N N N NFGC-23-1100 72.2 g/t Au / 9.65m EN ZO NFGC-23-1120 NFGC-23-1128 49.7 g/t Au / 29.85m 12.6 g/
Slide 22: Gold Mineralization in 3D
GOLD K2 MINERALIZATION ZONE 36 IN 3D MONTE CARLO LITTLE JACKPOT KEATS WEST LOTTO NORTH DOME LOTTO COKES GOLDEN JOINT TCW ICEBERG EAST ICEBERG O NE LT Z KEATS NORTH FAU TO N KEATS PLE AP TCH KNOB TSX-V: NFG, NYSE-A: NFGC | 22
Slide 23: A Comparison to Fosterville
A COMPARISON TO FOSTERVILLE • Orogenic systems are known to go deep. Exploration at Queensway has been largely focused on the top 200m vertical; average of all drilling to date just 140m. • Comparing the Queensway project to Fosterville provides a sense of potential regarding depth of mineralization
Slide 24: 3D Seismic Survey Underway
3D SEISMIC SURVEY UNDERWAY FAU 9.5KM NE M ZO NE .4K LT ZO 12 • New Found recently completed an industry-leading 3D seismic LT AU N survey, a first for Canadian mineral exploration. TO PF PLE JB • Similar survey completed at the Fosterville mine in Australia AP identified additional subsurface ore zo
Slide 25: Queensway South
QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC | 25
Slide 26: QWS Exploration
NFGC-QS-22-15 0.47 g/t Au over 8.00m QWS EXPLORATION 0.37 g/t Au over 28.00m DEVILS POND 4 HOLES 2022 DDH Program Highlights • Inaugural drill program: 7,255m drilled in 33 holes at 8 targets NFGC-QS-22-25 3.70 g/t Au over 4.30m • 27 out of 33 holes hit significant Au mineralization NFGC-QS-22-20 19
Slide 27: Regional Exploration
KEATS Gander Lake Gander ICEBERG REGIONAL EXPLORATION 2023 Program NE • Aggressive exploration campaign taking place LI outside of the main Appleton Fault Zone Y BA QUEENSWAY SOUTH PROJECT utilizing data from the 2022 campaign. G DO Transmission Line • Ongoing recon surface exploration activities Tr
Slide 28: An Emerging District
AN EMERGING DISTRICT T UL FA ON ET PL T UL THE APPLETON AND JBP FAULTS ARE LARGE FEATURES THAT COMPARE IN SIZE TO AP FA P JB THE WORLD-RENOWNED ABITIBI BELT. ABITIBI BELT HOST TO 100M+ OUNCES LOTTO GOLDEN JOINT 1744 H POND KEATS WEST POCKET POND Gander KEATS Gander Lake ICEBERG QUEENSWAY PROJECT Tow
Slide 29: Capitalization
CAPITALIZATION $1.062B $39.5M 191,290,156 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding *Based on TSX-V share price of $5.94/share on Sept 1, 2023. *Based on TSX-V share price of $5.94/share on Sept 1, 2023. INSTITUTIONAL & RETAIL 178,811,156 Basic Shares Outsta
Slide 30: Contact
Collin Kettell Michael Kanevsky, CPA, CA Bella Carter Chief Executive Officer Chief Financial Officer Investor Inquiries ckettell@newfoundgold.ca mkanevsky@newfoundgold.ca bella@newfoundgold.ca New Found Gold Corp. + 1 (845) 535-1486 Suite 1430 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 T
Slide 31: Appendix
APPENDIX TSX-V: NFG, NYSE-A: NFGC | 31
Slide 32: Property Geology Map
PROPERTY GEOLOGY MAP • Predominantly Ordovician Davidsville Group • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, sandstone, conglomerate with minor carbonate, volcanic and intrusive rocks • Unconformably overlies the Gander River Complex (ophiolites) in the east • Conformably
Slide 33: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ng a • The Queensway Project is located along a continental re i collision margin formed as part of the Appalachian read u r Sut Tho c sp Orogeny – the collision of Laurentia with Gondwana DOG BAY LINE lanti and it’s micro-continents (Gandaria and Av
Slide 34: Litho-Structural Architecture
LITHO-STRUCTURAL ARCHITECTURE STRUCTURAL EVOLUTION OF THE DAVIDSVILLE GROUP IN THE EXPLOITS SUBZONE Progressive compression, folding, faulting and mineralization of sediments. High-grade gold mineralization at Queensway focusses on small displacement accommodation faults, similar to Fosterville’s Sw
Slide 35: Gold Mineralization
GOLD MINERALIZATION AN IDEAL PLUMBING SYSTEM The collision of two continental plates causes progressive compression, folding, faulting, and mineralization of sediments. This creates an ideal host for high-grade gold mineralization among spaces left behind during faulting. EPIZONAL GOLD Epizonal gold
Slide 36: Mineralization Style
MINERALIZATION STYLE Visible gold in vuggy quartz-carbonate veins: • Stylolitic-laminated • Breccia-hydraulic and implosive • Stockwork, +/- arsenopyrite, chalcopyrite boulangerite, pyrite, NH4 muscovite TSX-V: NFG, NYSE-A: NFGC | 36
Slide 37: Keats Cross Section
KEATS CROSS SECTION Keats (NFGC-20-52) 13.7 g/t Au over 5.60m B B’ NW SE 77 9 1 -2 2 NFFG -20-25 34 NF - -1 1 NFGC--19-18 NF -20 21 12 GC 20 0 13 GC 20 -0 GC -5 1- - 0- 1- 1- N C 0 -2 -2 -2 -2 GC C GC NFGC GC G NF NF NF NF BLACK SHALE NFGC-19-01 Ke 75.21 g/t Au over 23.50m Maats in -100 KEATS CROSS
Slide 38: Keats West Cross-Section
KEATS WEST CROSS-SECTION Keats West (NFGC-22-960) 42.6 g/t Au over 32.00m NFGC-22-945 EAST SIDE NFGC-22-922 4.32 g/t Au / 21.30m 10.1 g/t Au / 22.50m NE NFGC-22-1040 Z O 17.2 g/t Au / 22.90m N FA ULT 12.0 g/t Au / 18.40m ETO APPL OPEN KEATS WEST 3-D VIEW NFGC-23-1155 Au (g/t) 1.53 g/t Au / 34.75m 0.
Slide 39: Iceberg Cross-Section
ICEBERG CROSS-SECTION Iceberg (NFGC-23-1120) 49.7 g/t Au over 29.85m 06 A 2-104 9A 67A 0/6594 0 20 1128 3-1141 23-13 - A’ C-2 2-66 2- 61 67 64 110 -11 23- C-2 NFGC NW NFG GC-2 GC-2 22-5 2-5 2-8 C-23- GC-23NFGC- NFG SE 2 2 NF NF N F NFG C- C- C- NFG NFG NFG NFGC-23-1100 72.2 g/t Au / 9.65m E ON NFGC-
Slide 40: Golden Joint Cross Section
GOLDEN JOINT CROSS SECTION Golden Joint (NFGC-21-462) B B’ 69.2 g/t Au over 14.20m NF -2 62 -2 26 6 GC 01 4 NFGC-22- 50 NW SE 38 NF GC 21 716 NFGC- 2-7 55 1- 81 -2 1-1 1 NFGC 22- 23 41 GC 1-4 GC 1-3 7 GC -2 -17 NF 1-4 - 6 18 1- NF C- 1-2 1- -2 NF -2 -2 G -2 2 GC 0 GC NF GC NF NF NF NE ZO NFGC-21-181
Slide 41: Lotto Cross-Section
LOTTO CROSS-SECTION Lotto (NFGC-21-201) B B’ 143 g/t Au over 11.75m 59 9 2- 0 7 NW SE -2 2-6 GC -2 NF GC NFGC-22-552 F -2 -8 18 N 77.9 g/t Au / 2.30m 4 NF GC 21- 3 NF -2 1-2 66 -2 0 NF GC -2 115 1- 24 9 GC 1-2 01 NF GC- -24 22 GC 10 10 1 -2 05 6 GC -2 1-2 96 39 -2 0- NF 2-8 58 2 GC -22 -6 55 1- NF 2
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