Lexington Gold Ltd. · LSE:LEX
Lexington Gold — Investor Presentation (February 2024)
19 slides from Lexington Gold's investor presentation, February 2024
Slide 1: Gold focussed Exploration and Development Company
AIM: LEX February 2024 Gold focussed Exploration and Development Company
Slide 2: Disclaimer
DISCLAIMER This Presentation, which has been prepared by and is the sole responsibility of Lexington Gold Ltd (the “Company”), is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any securities, and neither the Presentation nor anything contai
Slide 3: Highly Experienced Board
HIGHLY EXPERIENCED BOARD Recognised experts in global mining with a proven track record of building value Ed Nealon, Dr. Bernard Olivier, Chairman Chief Executive Officer § Qualified geologist with 47 years’ experience in mining and exploration § Qualified geologist with 24 years’ experience in mini
Slide 4: Acquisition of White Rivers Exploration
ACQUISITION OF WHITE RIVERS EXPLORATION Highlight: A Globally significant Gold portfolio in the Witwatersrand Goldfields Summary of White Rivers Exploration’s (WRE) Assets: • WRE is a major tenement holder in the Witwatersrand gold fields of South Africa, with tenement interests covering approximate
Slide 5: Acquisition of White Rivers Exploration
ACQUISITION OF WHITE RIVERS EXPLORATION Highlight: A Globally significant Gold portfolio in the Witwatersrand Goldfields Summary of Transaction Terms: • Proposed acquisition of WRE, an exploration and development company, established by Mr Mark Creasy, with significant gold assets in South Africa; •
Slide 6: Overview of White Rivers Exploration
OVERVIEW OF WHITE RIVERS EXPLORATION Highlight: Located in historically the largest single gold producing district in the world • The Witwatersrand gold fields area was historically the largest single gold producing district in the world with over a third of the world’s total gold produced since 188
Slide 7: Overview of White Rivers Exploration
OVERVIEW OF WHITE RIVERS EXPLORATION Highlight: Over 37M oz of non-code compliant gold resources based on drillhole database over 5 projects 6
Slide 8: Jelani Resources
JELANI RESOURCES Highlight: Potential near-term gold production in a JV with Harmony Gold (NYSE:HMY & JSE:HAR) - South Africa’s largest gold producer by volume Strategic Partnership of WRE with Harmony Gold 6.02 Moz Au Resources Av 150,000 Oz Au gold >US$1.5B sunk capital & (Measured, Indicated and
Slide 9: Jelani Resources
JELANI RESOURCES Resources Statement (2018) Post-Mining – Attributable Resources Total 3.63 1.32 1.06 ∑6.02 Moz 1.78 0.65 0.52 ∑2.95 Moz 1.86 0.67 0.54 ∑3.07 Moz Buffer 2.69 1.17 1.02 ∑4.88 Moz 5.91 6.36 9.84 `x 6.47 g/t JV 0.94 0.15 0.04 ∑1.14 Moz 5.91 6.36 9.84 `x 6.47 g/t Total 5.91 6.36 9.84 `x
Slide 10: Jelani Resources
JELANI RESOURCES Current Status Current Futurestatus Status HMY Mine Layout Pre-mining Post-decision to mine 65% 35% 49% 51% Managers Managers §Historical exploration data §Significant land area §Site access Mineral Resources Measured Indicated §PFS1 completed §65%/35% Equity pro-rata funding Inferr
Slide 11: WRE – Resource Estimates
WRE – RESOURCE ESTIMATES Highlight: Over 37M oz of non-code compliant gold resources derived utilising WRE’s internal drillhole database over of the 5 projects Project Mt Grade Grade Au Moz cmg/t Au g/t Jelani Resources JV* 14.18 717 6.47 2.95 Kroonstad 31.00 Bothaville NE 6.8 330 3.33 0.73 Ventersb
Slide 12: Contact
CONTACT Lexington Gold Limited Clarendon House, 2 Church Street Hamilton HM 11 Bermuda Phone: +44 (0) 1235 511 767 Email: info@lexingtongold.co.uk www.lexingtongold.co.uk Financial Public Relations Yellow Jersey PR Phone: +44 (0)20 3004 9512 Email: lexington@yellowjerseypr.com mage is of Harmony Gol
Slide 13: WRE – Kroonstad
WRE – KROONSTAD Highlight: Size & Prospective Tenement Target* § 545 km2 § 31Moz § Greenfields § 100 cm mining width § Active prospecting right § 5g/t cut-off § Comprised of 3 individual rights Milestones Potential achieved § USD 0.8 M spent (collate historic § Tenement potentially constitutes boreh
Slide 14: WRE – Bothaville NE
WRE – BOTHAVILLE NE Highlight: Size & Prospective Tenement Target * § 185.95 km2 § Not yet available (insufficient § Greenfields historic data) § Active prospecting right § Promising grades at shallow § Comprised of two individual depths (>300m): Boreholes rights along strike Prospecting Right Miles
Slide 15: WRE – Ventersburg
WRE – VENTERSBURG Highlight: Size & Prospective Tenement Target * § 160.65 km2 § 6.62 Moz (A and BPR Reefs) § Greenfields § 100 cm mining width § Active prospecting right § 3.77 g/t cut-off § Comprised of three individual § 25 km (reef strike length) rights § 250 m (depth to reef sub-crop) Milestone
Slide 16: WRE – Klerksdorp South
WRE – KLERKSDORP SOUTH Highlight: Size & Prospective Tenement Target * § 153.68 km2 § 0.52 Moz Mine on care and § Brownfields § 100 cm mining width maintenance § Active prospecting right § 2 g/t cut-off § Comprised of two individual rights Milestones Potential achieved § > USD 0.8M spent (collate §
Slide 17: USA Projects Overview
USA PROJECTS OVERVIEW Highlight: of four diverse gold projects in North and South Carolina, USA Exploration and development Jones- 376 acres and combination of two mining areas (Jones-Keystone and Loflin). Keystone & In 2021 Lexington stablished a maiden JORC resource and upgraded the Loflin JORC re
Slide 18: JKL Project JORC Resource
JKL Project JORC Resource 27% increase in JORC Resource estimate achieved for Loflin side of JKL in June 2022: • Inferred JORC Resource of ~2.6Mt @ 1 g/t Au for 82.7k oz of contained gold including 9,000 oz gold from newly discovered Loflin South Maiden JORC Resource Maiden independent JORC (2012) M
Slide 19: Experienced US JV Partner
EXPERIENCED US JV PARTNER Vast local knowledge and significant expertise in the local geology Jonathan Powers § PhD Geology, +20 years gold and base metal exploration experience in US Southeast (Noranda, BHP) P.Geo, Co-founder § Co-discoverer of Deep River Au-Cu-Mo deposit in North Carolina Presiden
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