Nevgold Corp · TSXV:NAU
Nevgold — Investor Presentation (June 2022)
16 slides from Nevgold's investor presentation, Jun 29, 2022
Slide 1: Option to Acquire Nutmeg Mountain from GoldMining Inc.
Option to Acquire Nutmeg Mountain from GoldMining Inc. (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) June 2022 Developing a multi-million-ounce resource base in Western USA Right Team, Right Place, Right Time, Right Way
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers This presentation contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not a
Slide 3: Why Now? Why Nutmeg Mountain? Strategic Rationale
Why Now? Why Nutmeg Mountain? Transformative transaction that adds exposure to gold resource ounces 1 with untapped exploration upside in Western USA • 2020 Resource = Indicated Resource of 910kozs @ 0.65 g/t Au, Inferred Resource of 160kozs @ 0.56 g/t Au • Resource is at surface, consistent grade,
Slide 4: Attractive Location in Western Idaho – Focus on Americas
Attractive Location in Western Idaho – Focus on Americas NevGold will control four promising district-scale assets in top-tier jurisdictions in the Western Americas Limousine Butte (Nevada) ✓ Carlin-style deposit with historical resource of 292K oz Au (0.77 g/t Au) ✓ Positive, thick, oxide drill res
Slide 5: Pro-Forma Portfolio – Rounding Out the Portfolio with Ounces
Pro-Forma Portfolio – Rounding Out the Portfolio with Ounces Nutmeg Mtn. Resource (1.1Mozs Resource) Near-Term Limo Butte (Resurrection Ridge, Cadillac Valley) Resource Expansion Nutmeg Mtn. – Lateral Expansion Nutmeg Mtn. – high-grade feeder system Advanced Limo Butte – exploration targets (Coffee
Slide 6: Transaction Terms – Option Agreement with GoldMining
Transaction Terms – Option Agreement with GoldMining Favorable transaction terms creating a partnership and long-term commitment with GoldMining Inc. • C$3.0M in equity at 30-day volume weighted average price of C$0.675=4,444,444 shares • C$1.5M in equity or cash on January 1, 2023 Strategic Equity
Slide 7: Nutmeg Mountain
Nutmeg Mountain Asset Summary Project Summary Property Map • 1,724 hectares (17.2 km2): • 210 federal unpatented lode mining claims Property Size • 12 patented claims • 2 leases of private land • 80km NW of Boise on paved state highway (~1.5 hour drive); 20km east of Access town of Weiser Historical
Slide 8: Nutmeg Mountain - Geology
Nutmeg Mountain - Geology A Reawakened District ➢ Near-surface resource with high-grade feeder system potential ➢ Very low strip ratio → mineralization starts at surface Cherry Creek Project Viscount Mining ➢ Current resource has consistent grade throughout orebody Step-out ➢ Identified near-term op
Slide 9: Nutmeg Mountain – High-Grade Core
Nutmeg Mountain – High-Grade Core Higher grade core offers optionality on potential “starter pit” ➢ Higher-grade core of >1.0 g/t Au material with strong continuity ➢ Outcropping 1-2 g/t Au mineralization ➢ Potential higher-grade “starter project” → mine planning opportunity as Nutmeg is advanced in
Slide 10: Nutmeg Mountain – Exploration Upside
Nutmeg Exploration Mountain Upside – Exploration Upside Low-sulphidation system in tact, high-grade feeder target has never been tested ➢ Current resource is hosted in Nutmeg Resource near-surface portion of the epithermal system ➢ High-grade veins are expected at depth ➢ Most of the historical dril
Slide 11: Heap Leach Projects: Comparison
Heap Leach Projects: Comparison Heap leach projects are robust economically with low capital and operating cost structures • Nutmeg Mountain compares favorably to many projects in Western USA → +1.1Moz Resource • Nutmeg Mountain mineralization starts at surface, and has very strong continuity with a
Slide 12: Environmental, Permitting, Social
Environmental, Permitting, Social Idaho is a pro-mining State with many companies operating at advanced stages Action Plan Plan View Claim Boundary • Idaho has a strong history of mining • Ranked 7th in 2021 Fraser Institute • Stakeholder Management is vital for project success • NevGold has already
Slide 13: Nutmeg Mountain Path Forward
Nutmeg Mountain Path Forward Nutmeg Mtn. will be advanced to a drill program & updated resource immediately, with an Engineering Study delivered in ~12 months Q3-2022 Q4-2022 Q1-2023 Q2-2023 Geology Relogging, Mapping, Sampling Geophysics Geological Model Update – Phase I ~10,000 meters (Step-Out, M
Slide 14: Next 12 Months Work Program
Next 12 Months Work Program NevGold has significant news flow and milestones over 2022 driving a valuation re-rate Nutmeg Mtn. Limousine 10,000m drilling Cedar Wash Ptarmigan Met Testwork Butte Surface geology Drill targeting Trade-Off Studies 10,000m drilling Drilling (~2,500m) Drilling (~2,500m) P
Slide 15: Pro-Forma Capital Structure
Pro-Forma Capital Structure Pro Forma Capital Structure & Share Ownership New Shareholder Registry Total Issued and Outstanding – Pre-Transaction 50,006,787 Issued to GoldMining – Option (VWAP=$0.675) 4,444,444 NevGold Insiders Current Float & Close Associates Issued to GoldMining – C$1M Financing (
Slide 16: Market Valuation Comparables
Market Valuation Comparables NevGold has valuation re-rate potential as the assets are advanced and largely de-risked • Market comparable group at Historical Resource/Resource/PEA Stage currently trades at average EV/Resource multiple of ~C$84/oz AuEq1 EV/oz Multiple (C$/oz AuEq) $600.0 NevGold Hist