Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (June 2022)
32 slides from Mayfair Gold's investor presentation, June 2022
Slide 1: Corporate Presentation
CORPORATE PRESENTATION J U N E 2 0 2 2 TSX.V: MFG OTCQB: MFGCF FRA: 9M5 Canada’s First Carbon Neutral Gold Project
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains "forward-looking information" for purposes of applicable securities laws ("forward-looking statements"). Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on the Company's current beli
Slide 3: Vision: Tier-One Asset in Tier-One Jurisdiction
VISION: TIER-ONE ASSET in TIER-ONE JURISDICTION TIER 1 JURISDICTION OF TIMMINS, ONTARIO OPEN PIT INDICATED RESOURCE 2.08M OUNCES 80,000M INFILL AND EXPANSION DRILL PROGRAM 7,000M NORTH BLOCK REGIONAL DRILL PROGRAM 3,000M SOUTH BLOCK REGIONAL DRILL PROGRAM 2
Slide 4: Mayfair Gold Corp timeline
MAYFAIR GOLD CORP First drill turning JANUARY 19 2020 2021 2022 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC DECEMBER 31 Closed Fenn-Gib acquisition MARCH 22 June2022 IPO completed • +75,50m drilled as
Slide 5: 2022 Business Plan
2022 BUSINESS PLAN Complete 80,000m infill and expansion drill Metallurgical studies: flow-sheet North Block exploration: program – Q2 2022 trade-off study Q2 2022 7,000m Phase 1 drilling Resource update Q3 2022 South Block exploration: PEA Q4 2022 Target +3M ounces 3,000m Phase 1 drilling TIMELINE
Slide 6: Leadership
LEADERSHIP MANAGEMENT BOARD OF DIRECTORS Patrick Evans Howard Bird Harry Pokrandt Doug Cater CEO VICE PRESIDENT EXPLORATION Chairman ▪ 23+ years of senior management ▪ 30+ years of exploration, ▪ 30+ years of capital markets ▪ Professional geologist with +35 experience at public mining development a
Slide 7: ESG Vision: Carbon Neutral Gold Mine
ESG VISION: CARBON NEUTRAL GOLD MINE OPPORTUNTIIES TO DECARBONIZE • Mobile fleet emits +50% of GHG: Alternatives: green hydrogen and battery electric • Processing emits +30% of GHG: COST OF CARBON Alternative: renewable hydropower ▪ Mining contributes 2-3% of global CO2 emissions • Heating emits 5-1
Slide 8: Fenn-Gib: Strategic Property Positions
FENN-GIB: STRATEGIC PROPERTY POSITIONS North Block straddles South Block straddles 4,800 ha: Numerous gold the Pipestone Fault: the Porcupine Fault: occurrences across North Block and South Block hosts current +2Moz under-explored: no both North and South NI 43-101 resource road access Blocks NORTH
Slide 9: Current Resource & Metallurgy
CURRENT RESOURCE & METALLURGY 2.08 MOZ INDICATED + 0.075 MOZ ROBUST METALLURGY INFERRED RESOURCE • Preliminary testing indicates highly ▪ 70 Mt @ 0.921 g/t Au indicated predictable geo-metallurgy ▪ Open-pit resource estimate ▪ Disseminated mineralization from surface • Amenable to whole ore cyanidat
Slide 10: Flowsheet Options
FLOWSHEET OPTIONS Clean high-grade concentrate: Au 26.4 g/t Fe 38.6% S= 44.3% Cu 0.11% As 0.086% 9
Slide 11: High-Grade Starter Pit
HIGH-GRADE STARTER PIT ~500,000 OZ @ ~1.60 G/T – RAPID REPAYMENT OF CAPITAL Blue = 25-50 grams x meters Yellow = 50-100 grams x meters Red = >100 grams x meters 10
Slide 12: Pathway to +3Moz
PATHWAY to +3Moz Four steps: • Step 1: Infill drilling – max 50m open pit; 25m underground • Step 2: Expansion Zone below central/east shallow conceptual pit • Step 3: Underground tonnage • Step 4: Near pit tonnage – Footwall Zone and Eastern Extension 11
Slide 13: Step 1: Infill Drilling
STEP 1: INFILL DRILLING DDH FG21-152 50.0-85.0m: 3.59 g/t Au / 35.0m FG21-152 113.0-130.0m: 1.39 g/t Au / 17.0m 13.2-205.5m: 1.28 g/t Au / 192.3.0m 134.0-145.0m: 1.43 g/t Au / 11.0m FG21-155 153.0-161.0m: 1.84 g/t Au / 8.0m 11.5-252.6m: 1.67 g/t Au / 241.1.0m incl. 48.0-101.1m: 2.15 g/t Au / 53.7m a
Slide 14: Step 2 – Central Expansion Zone
STEP 2 – CENTRAL EXPANSION ZONE DRILLING BELOW CENTRAL/EASTERN SECTIONS OF CONCEPTUAL PIT Blue = 25-50 grams x meters Yellow = 50-100 grams x meters Red = >100 grams x meters 13
Slide 15: Drill Holes 149, 151, 153
DRILL HOLES 149,151,153 FG21-149 FG21-153 FG21-151 FENN-GIB ZONE HANGINGWALL FOOTWALL SEDIMENTS MAFIC VOLCANICS 1.02 g/t Au / 68.0m FG21-149 (previously released) 0.59 g/t Au / 185.7m incl. FG21-151 0.75 g/t Au / 101.9m 0.82 g/t Au/181.7 incl. 1.00 g/t Au/136.5 incl. FG21-153 (previously released) 1
Slide 16: Step 3 – Underground Tonnage
STEP 3 – UNDERGROUND TONNAGE UNDERGROUND TONNAGE • Underground tonnage excluded from Feb 2021 NI 43-101 due to rule change requiring conceptual underground mine plan • Potential for substantial additional underground tonnage not previously included in resource estimates • Conceptual underground mine
Slide 17: Step 3 – Underground Tonnage
STEP 3 – UNDERGROUND TONNAGE HIGH-GRADE ZONES PLUNGING TO THE SOUTHEAST: U/G POTENTIAL Blue = 25-50 grams x meters Yellow = 50-100 grams x meters Red = >100 grams x meters 16
Slide 18: Step 4 - Near Pit Mineralization
STEP 4 - NEAR PIT MINERALIZATION HIGH-GRADE FOOTWALL ZONE • Outside current pit-constrained resource • Outcrops approx. 100m north of deposit • Mineralization defined to +500m below surface • Lateral strike +200m to NE • Approx. 75 degree dip SELECT DRILL INTERCEPTS: • 3.93 g/t Au over 53.0m • 2.81
Slide 19: Footwall Zone Surface Outcrop
FOOTWALL ZONE SURFACE OUTCROP 18
Slide 20: Step 4 – Eastern Extension
STEP 4 — EASTERN EXTENSION MAYFAIRGOLD
Slide 21: Eastern Extension Drill Results
EASTERN EXTENSION DRILL RESULTS 20
Slide 22: Eastern Extension
EASTERN EXTENSION HIGH-GRADE ZONES PLUNGING TO THE SOUTHEAST: U/G POTENTIAL Blue = 25-50 grams x meters Yellow = 50-100 grams x meters Red = >100 grams x meters 21
Slide 23: Regional Exploration Targets: North Block
REGIONAL EXPLORATION TARGETS: NORTH BLOCK 22
Slide 24: South Block: Potential for New Discoveries
SOUTH BLOCK: POTENTIAL FOR NEW DISCOVERIES NORTH BLOCK Ind. 0.25M oz Inf. 0.01M oz Ind. 1.7M oz Ind. 1.82M oz Inf. 1.3M oz Inf. 1.06M oz Ind. 0.89M oz Inf. 0.17M oz Ind. 4M oz Inf. 4.4M oz SOUTH BLOCK 23
Slide 25: South Block: Airborne Mag Survey
SOUTH BLOCK: AIRBORNE MAG SURVEY 24
Slide 26: South Block Line Cutting for Ground Geophysics
SOUTH BLOCK LINE CUTTING FOR GROUND GEOPHYSICS 84.4 km Line Cutting 25
Slide 27: South Block Ground Geophysics
SOUTH BLOCK GROUND GEOPHYSICS 148 line-km ground geophysics 26
Slide 28: South Block: First Collar of 3,000m Program
SOUTH BLOCK: FIRST COLLAR OF 3,000M PROGRAM 27
Slide 29: Capital Structure & Major Shareholders
CAPITAL STRUCTURE & MAJOR SHAREHOLDERS CAPITAL STRUCTURE MAJOR SHAREHOLDERS Shares Outstanding 80.65M ➢Insiders ~28% Options 5.70M ➢HNW Retail ~18% Warrants Nil ➢K2 ~9.4% Fully Diluted 86.36M ➢Vestcor ~4.0% Market Cap ~C$105M CASH End Q1 C$8.5M ANALYST COVERAGE CORMARK HAYWOOD AGENTIS EIGHT M Curren
Slide 30: Investment Case
INVESTMENT CASE TIER 1 JURISDICTION OF TIMMINS, ONTARIO EXPERIENCED MANAGEMENT AND BOARD ▪ Canada’s largest gold mining district ▪ Led by Patrick Evans, a senior mining ▪ Clear permitting process with supportive communities, government executive with a track record of discoveries, and other local st
Slide 31: Discount to Peers
DISCOUNT TO PEERS North American Gold Comps 30
Slide 32: Mayfair Gold Corp
MAYFAIR Patrick Evans President and CEO GOLD CORP WWW.MAYFAIRGOLD.CA TSX.V: MFG PATRICK@MAYFAIRGOLD.CA OTC: MFGCF FRA: 9M5 (480) 747-3032 31