Nexgold · TSXV:NEXG
Nexgold — Nexgold Mining — Investor Presentation (September 2024)
26 slides from Nexgold's investor presentation, September 2024
Slide 1: The Next Mid-tier Gold Producer in the Making
The Next Mid-tier gold producer in the making September 2024
Slide 2: Forward Looking Statement
Forward Looking Statement DISCLAIMER FORWARD-LOOKING STATEMENTS TECHNICAL DISCLOSURE 2
Slide 3: Investment Growth Platform
Investment Near Term Production At Goliath Gold Complex Platform For Consolidation Growth Platform Renewed Exploration Focus Well Capitalized Balance Sheet 3
Slide 4: Asset Location
Asset Location TSX.V: NEXG Goliath Gold Complex 2 FS estimat 1.3Moz 2P Mineral Re
Slide 5: Board & Management
Board & Management Jim Gowans Jeremy Wyeth Morgan Lekstrom Ex President of Barrick gold, former CEO of DeBeers and 35 years of mine 18 years in mine building, capital prolific mine builder building experience markets, and senior leadership. Chairman CEO President Rachel Pineault, CHRE Orin Baranowsk
Slide 6: Board of Directors
Board of Directors CHAIRMAN DIRECTOR DIRECTOR DIRECTOR Jim Gowans Michele Ashby Paul McRae Margot Naudie DIRECTOR DIRECTOR DIRECTOR DIRECTOR Andy Bowering Rob McLeod Morgan Lekstrom Jeremy Wyeth 6
Slide 7: Capital Structure
Frank Giustra¹ Extract Capital Structure Retail and Other Sprott $58M $12 First Mining Market Cap Cash Matrix Teck NEXG Mgmt 76.1M $8.3M 15.6M + BOD Shares Outstanding Convertible Debt Warrants Institutional (1) On a partially diluted basis 7
Slide 8: Goliath Gold Complex
\ SPRINGPOLI / 8.8 Moz Au Probable Reserves B 480z AU § 1.0.3 Moz AU Inf. Manitoba Ontario ‘TRUE NORTH GOLD 2 ¢ O 1.8 Moz Au M#1 q : 33 Moz Au Inf "2 Moz Historic Production 22Moz Au Inf. LS Moz Historic Production Probable Reserves z: rl pepe 2702 AUM+ ea Moz AU Int 2.3 Moz Au Inf. £ -20Moz Histone
Slide 9: GGC
GGC 100% ownership of the Goliath Gold Complex (“GGC”) located in Northwestern Ontario Easy access to world-class infrastructure Federal EA in hand Robust PFS demonstrating $625M NPV5% and 41.1% after-tax IRR at US$2,150/oz Au Updated mineral resource includes a combined 2.1Moz M&I and 0.8Moz Inferr
Slide 10: Infrastructure
Infrastructure • World class infrastructure at our doorstep, including: • Trans-Canada Highway • Ontario Provincial Hwy 72 • CP Rail • Hydro • Ready access to experienced and available workforce in Dryden and Sioux Lookout • Environmental Assessment approval received for Goliath • Potential co-devel
Slide 11: PFS Highlights
PFS Highlights Throughout its operational life, the The cash cost over the first 9 years is The project is planned for a 13-year project is expected to recover a total projected at US$892 per ounce, with Life of Mine (LOM), with an average of 1.2 million ounces of gold. the All-In Sustaining Cost (A
Slide 12: Production Profile
Production profile, 116K ounces per year for first 7 years. • 13yr mine life with average production >100koz Au in first 9 years • 6.5ktpd gravity-CIL plant; average Au recovery 92.8% • C$336mm Post-tax NPV5% and 25.4% IRR at US$1,750 Au • LOM Cash Cost US$935/oz; LOM AISC US$1,072/oz • C$335mm init
Slide 13: Development Path
Development Path 2023 2025 2025 Q3 2025 2026 13
Slide 14: Niblack
Niblack 6 Mt NI 43-101 compliance resource, updated February 2023 Geological reinterpretation confirmed by 2021 drilling now provides significant expansion potential in multiple directions 2020/2021 drill highlights includes grades up to 4.93 g/t Au, 145 g/t Ag and 5.18% Cu Existing production sized
Slide 15: Investment Highlights
Investment Highlights Partnership to bring together Renewed drive towards complementary skillsets production at GGC Platform for continued Strong balance sheet growth through consolidation and shareholder base Refreshed organic exploration upside 15
Slide 16: Contact
Contact Call Us Chat with us 16
Slide 17: Appendix
Appendix 17
Slide 18: Goliath Gold Complex NI 43-101 Mineral Reserve Estimate
Goliath Gold Complex NI 43-101 Mineral Reserve Estimate Deposit Quantity (‘000 tonnes) Grade Gold (g/t) Contained Gold (‘000 oz) Grade Silver (g/t) Contained Silver (‘000 oz) Open Pit – Goliath Proven 3,969 1.05 134 3.22 410 Probable 5,580 0.67 119 2.20 395 Proven & Probable 9,549 0.83 254 2.62 805
Slide 19: Goliath Gold Complex NI 43-101 Mineral Resource Estimate
Goliath Gold Complex NI 43-101 Mineral Resource Estimate Deposit Cut-off Grade (g/t) Quantity (‘000 tonnes) Grade Gold (g/t) Contained Gold (‘000 oz) Measured Resources Goliath Open Pit 0.25 6,223 1.20 240 Goliath Underground 2.2 170 6.24 34 Total Measured 6,393 1.33 274 Indicated Resources Goliath
Slide 20: Goliath Gold Deposit Mineral Resource Estimate
Goliath Gold Deposit Mineral Resource Estimate Goliath Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Ag (g/t) Ag koz Measured 0.25 6,223 1.20 239.5 4.70 940.6 Indicated 0.25 23,081 0.75 559.4 2.53 1,878.5 Meas+ Ind 0.25 29,304 0.85 798.9 2.99 2,819.1 Inferred 0.25 3,330 0.66 70.2 0.80
Slide 21: Goldlund Deposit Mineral Resource Estimate
Goldlund Deposit Mineral Resource Estimate Goldlund Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Measured 0.3 0 0.00 0 Indicated 0.3 33,353 0.85 911.0 Meas+ Ind 0.3 33,353 0.85 911.0 Inferred 0.3 28,833 0.73 680.2 1. Refer to the Notes on the Mineral Resource Estimate in slide 20 of t
Slide 22: Miller Deposit Mineral Resource Estimate
Miller Deposit Mineral Resource Estimate Miller Open Pit Classification Cut-Off Tonnes (kt) Au (g/t) Au koz Measured 0.3 0 0.00 0 Indicated 0.3 2,112 1.10 74.6 Meas+ Ind 0.3 2,112 1.10 74.6 Inferred 0.3 138 1.01 4.5 1. Refer to the Notes on the Mineral Resource Estimate in slide 20 of this Presentat
Slide 23: Open Pit Cut-Off Grade Sensitivity
Open Pit Cut-Off Grade Sensitivity Goliath Open Pit (January 17, 2022) Goldlund Open Pit (January 17, 2022) Miller Open Pit (January 17, 2022) Class Class Class Cut-off Tonnes Au Grade Au Cut-off Tonnes Au Grade Au Cut-off Tonnes Au Grade Au (g/t) (t) (g/t) (Oz) (g/t) (t) (g/t) (Oz) (g/t) (t) (g/t)
Slide 24: Comparison Between 2022 MRE and 2021 PEA MRE
Comparison Between 2022 MRE and 2021 PEA MRE Comparison - Goliath Gold Complex Total Cut-Off Grade Tonnes (kt) Au (g/t) Au (Oz) Deposit Type Class 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE 2021 PEA MRE 2022 MRE Goliath Open Pit Meas 0.25 0.25 1,471 6,223 1.90 1.20 90,000 239,
Slide 25: Input Parameter Comparison – 2022 MRE vs. 2021 PEA MRE
Input Parameter Comparison – 2022 MRE vs. 2021 PEA MRE Parameters Units 2021 PEA MRE 2022 MRE Gold Price $/oz Au 1,700 1,700 Silver Price $/oz Ag 23 23 US$ to CAD 0.75 0.75 Recovery / Regression Au Goliath % 95.5 93.873*Au^0.021 Recovery / Regression Au Goldlund % 89 90.344xAu^0.0527 Recovery / Regr
Slide 26: PFS Economic Sensitivity Analysis
PFS Economic Sensitivity Analysis $493M NPV5% post-tax at US$1,950 gold price Gold Price Post-tax NPV5% Initial Capex Total OPEX FX US$/Oz Base Case (-20%) (+20%) (-20%) (+20%) (-10%) (+10%) $1,550 $178 $242 $114 $321 $30 $315 $64 $1,650 $257 $321 $193 $400 $113 $402 $137 $1,750 $336 $400 $271 $479
Nexgold Mining — Investor Presentation (September 2024) on 6ix