New Murchison Gold Limited · ASX:NMG
New Murchison Gold — Investor Presentation (May 2025)
32 slides from New Murchison Gold's investor presentation, May 2025
Slide 1: Investor Presentation
Investor Presentation May 2025 newmurchgold.com.au ASX: NMG
Slide 2: Disclaimer
Disclaimer Important – you must read the following before continuing JORC Compliance Statement This investor presentation ("Presentation") is dated 30 May 2024 and has been prepared by New Murchison Gold Limited (ACN 950 465 564) (ASX:NMG) This Presentation contains NMG’s Exploration Results. The in
Slide 3: Advanced Gold Explorer in the Prolific Murchison District, WA
Advanced Gold Explorer in the Prolific Murchison District, WA Initial resource definition has delivered a shallow high-grade Mineral Resource of 279koz at 3.9g/t Au at Crown Prince The Southeastern Zone (SEZ) is transformational for the Crown Prince Mineral Resource Estimate, which sits on a granted
Slide 4: Regional Geology & Prospect Location
Regional Geology & Prospect Location Highly strategic belt-scale tenure holding • NMG’s flagship Garden Gully Gold Project is located in the highly prospective Abbotts Greenstone Belt north of well established gold centre, Meekatharra, Western Australia ◦ The Abernethy shear zone is a major regional
Slide 5: Exploration and Development Pipeline
Exploration and Development Pipeline NMG has a strong pipeline of exploration and development prospects at its flagship Garden Gully Gold Project Reserve Early Stage Advanced Advanced Definition & Prospects Prospects Resource Development Abbots Abernethy Kingswood Pathway to production Airstrip Lydi
Slide 6: Westgold Strategic Alliance and Ore Purchase Agreement
Westgold Strategic Alliance and Ore Purchase Agreement Provides a clear pathway to comercialising Crown Prince, validates the quality of the deposit and enables NMG to leverage Westgold’s expertise and infrastructure to fast-track the development of Crown Prince Ore Purchase Agreement (OPA) will und
Slide 7: Corporate Overview
Corporate Overview Capital Structure (31/03/2025) Board & Management NMG:ASX Current Share Price A$0.015 Ordinary Shares on Issue 9,851m Options & Performance Rights 314m Market Capitalisation (undiluted) $148m ALEX RICK MAL JOANNE DEREK KIM PASSMORE CRABB RANDALL PALMER HUMPRY GUNDERSEN Cash (end M
Slide 8: Crown Prince Prospect
Crown Prince Prospect High-grade mineralisation in offset dilational jogs, which have then undergone folding and shearing Better intercepts at Crown Prince include: • 2m at 910.38g/t Au from 29m and 4m at 15.74g/t Au from 72m in OGGSRC574 (Southeastern Zone) • 40m at 16.22g/t Au from 75m incl. 10m a
Slide 9: Crown Prince: Southeastern Zone
Crown Prince: Southeastern Zone High-grade Southeastern Zone; plunging fold, mineralisation concentrated in fold hinge and along eastern flank • Southeastern Zone (SEZ) continues to return high-grade gold intercepts ◦ 20m at 277g/t Au from 40m including 4m at 1,368g/t Au from 52m (OGGRC859) ◦ 15m at
Slide 10: Crown Prince: Southeastern Zone Mineralisation
Crown Prince: Southeastern Zone Mineralisation Southeastern Zone mineralisation at depth – OGGRC551 well below supergene levels • Gold mineralisation occurs within structurally controlled quartz veins that dip steeply to the south-west (at Main Zone) and south-east (at Southeastern Zone) • Carbonate
Slide 11: Ultra High-Grade Gold Intersected in Diamond Drill Core
Ultra High-Grade Gold Intersected in Diamond Drill Core Diamond hole NGGRCDD974 intersected returned 0.28m @ 17,240g/t Au * • Gold-rich shear zone intercepted in line with targeting that provides confidence to the mineral deposit model. • Assay results from diamond hole NGGRCDD974 returned 0.28m @ 1
Slide 12: Underground Project Potential
Underground Project Potential Recent drilling has confirmed the presence of strongly gold mineralised zones • Recent drilling has confirmed the presence of strongly gold mineralised zones at depth below the planned Crown Prince open pit. Including an extremely high-grade gold result received from NG
Slide 13: Crown Prince: Mineral Resource
Crown Prince: Mineral Resource Shallow, high-grade gold resource Crown Prince (JORC 2012) Mineral Resource Estimate • Indicated and Inferred Resource of 2.21Mt at 3.9g/t Au for 279koz , on a granted Mining Lease ◦ Resources are shallow, representing strong open pit mining potential ◦ Open along stri
Slide 14: 3D Interactive Presentation
3D Interactive Presentation Refer to NMG’s website to see our VRIFY 3D interactive presentation 14 newmurchgold.com.au
Slide 15: Crown Prince: Upside at Depth
Crown Prince: Upside at Depth Mineralisation open at depth • Gold mineralisation occurs within structurally controlled quartz – carbonate veins • These veins are relatively continuous along strike to the north-west and south-east (100’s of metres) until they are offset by local north-south shear zon
Slide 16: Crown Prince: Metallurgical Testwork
Crown Prince: Metallurgical Testwork Strong metallurgical performance from advanced test work • High recovery of gold through gravity and cyanide leach test work • High overall gold recovery rates ranging from 98.2 – 99.8% • Gravity gold recoveries range from 66.6 – 90.5% • Rapid leach kinetics show
Slide 17: Crown Prince Workstreams
Crown Prince Workstreams Rapidly advancing project development and mining proposal workstreams at Crown Prince Environmental Ore Reserves Geological and Mineral Resource and Project and Production Hydrogeological Permitting Planning Sufficient for initial mine Geotechnical aspects very Mining
Slide 18: Maiden Open Pit Ore Reserve Following Feasibility Study
Maiden Open Pit Ore Reserve Following Feasibility Study Highlights Basis of Reserve • Crown Prince Feasibility Study outlines pre-tax cash flow of • The Crown Prince Feasibility Study (FS) was completed in $226m (undiscounted) over a period of 30 months at current January 2025 and demonstrates sound
Slide 19: Mine Layout
Mine Layout With many technical aspects now resolved the mine layout has been completed • Key technical aspects resolved following the completion of: ◦ Soils and Landform Assessment ◦ Flora and Fauna Survey and Assessment ◦ Waste Rock Characterisation ◦ Waste Rock Landform Stability Assessment ◦ Hyd
Slide 20: Resource conversion to Ore Reserve
Resource conversion to Ore Reserve The basis of the Reserve is the November 2024 Resource, comprising 2.2Mt @ 3.9g/t Au. Of this Resource, 1.5Mt (68%) @ 4.6g/t is in the Indicated category and is eligible to form part of the 2024 Reserve Grade Contained Gold Orebody Minerals Resource Tonnes (g/t Au)
Slide 21: Resource: Block Model
Resource: Block Model Numerous considerations that impact the Reserve. Notably, the Main & North Zones are partly sterilised by Garden Gully Creek Area impacted by Garden Gully Creek 21 newmurchgold.com.au
Slide 22: Unconverted Resource
Unconverted Resource Global Resource above 0.5g/t is 333koz - 195koz of gold sits outside pit design for a Reserve of 138koz. Of this, 168koz (86%) is under the Gully Creek or in three low grade zones around and below pits Total (koz) Adjust (koz) Resource: Global (Au>1.2g/t) 279 Resource: Global (A
Slide 23: Mine Planning – Pit Design for Ore Reserve
Mine Planning – Pit Design for Ore Reserve All scheduling cases are based on the same pit design 1 in 7 ramp from here Section A-A 1 in 10 ramp Dual access to here Section B-B Stage 1 23 newmurchgold.com.au
Slide 24: Mine Planning – Pit Design for Ore Reserve Case
Mine Planning – Pit Design for Ore Reserve Case 3D view and Backfill requirements Cross section showing Backfill and pit outline 24 newmurchgold.com.au
Slide 25: Physicals
Physicals The Reserve mine plan targets 30-32kt of ore/month Ore type is well separated in the mine plan, allowing for the efficient sale of ore to BBGO* Ore (hence gold) is considered sold just after the ore is collected - the actual date the ore is processed is irrelevant to NMG Earlier-mined low
Slide 26: Life of Mine Cash Flow (Pre-Tax) by Month and Cumulative
Life of Mine Cash Flow (Pre-Tax) by Month and Cumulative 26 newmurchgold.com.au
Slide 27: Funding and Development Outlook
Funding and Development Outlook NMG finished the March Quarter with $21.5 million in cash and is well funded to pursue ongoing technical programs and early development activities at Crown Prince • NMG is awaiting key approvals and permits required for production and ore sales: ◦ Mining Proposal and
Slide 28: Operational Readiness – Early Works
Operational Readiness – Early Works Grade control drilling • 2.5 months drilling and sampling • Then 2-3 weeks for assays • Modelling and redesign • Started Mid February 2025 Bore and Pump Installation • Commit to drill new bore – Complete • Purchase bore pumps and pipe – Imminent • Install pumps an
Slide 29: Strategic Plan
Strategic Plan Build the project Commercialise to scale Crown Prince Crown Prince Advance development workstreams Progress detailed technical Continue drilling along strike, test Production and gold ore sales in H2 programs, preliminary project underground extensions and 2025 development and mining
Slide 30: Appendix A. Crown Prince MRE
Appendix A. Crown Prince MRE Crown Prince (JORC 2012) Mineral Resource Estimate Tonnes Grade Contained Zone Category (Mt) (g/t Au) Gold (koz Au) Indicated 1.06 5.1 173 Southeastern Zone Inferred 0.18 1.8 11 Total 1.24 4.6 184 Indicated 0.41 3.8 51 Main & Northern Zone Inferred 0.32 3.1 31 Total 0.73
Slide 31: Competent Person Statement
Competent Person Statement Exploration Results The information contained in this Presentation that relates to Exploration Results are based upon, and fairly represent, information and supporting documentation compiled by Mr Costica Vieru, a Member of the Australian Institute of Geoscientists and a f
Slide 32: Alex Passmore | CEO
Alex Passmore | CEO (08) 9289 6927 info@newmurchgold.com.au Level 2, 5 Ord St West Perth WA 6005
New Murchison Gold — Investor Presentation (May 2025) on 6ix