New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (January 2024)
40 slides from New Found Gold's investor presentation, January 2024
Slide 1: Advancing the High-Grade Queensway Gold Project
ADVANCING THE HIGH-GRADE QUEENSWAY GOLD PROJECT TSX-V: NFG | NYSE-A: NFGC
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”), including with respect to the Company’s plans, including exploration and drill programs at the Company’s Queensway Project in Newfoundlan
Slide 3: Corporate Highlights
CORPORATE HIGHLIGHTS HIGH-GRADE GOLD, STARTING AT SURFACE. Multiple high-grade discoveries made over several kilometers. Newfoundland, IN A DISTRICT SCALE SETTING. Property package spans 1,662km2 and covers 120km of strike. Canada IN THE MIDST OF A 650,000M DRILL PROGRAM. Over 500,000m completed to
Slide 4: Cornerstone Investor
CORNERSTONE “ NEW FOUND GOLD INVESTOR REPRESENTS THE LARGEST INVESTMENT I HAVE MADE IN MY CAREER.” Eric Sprott Billionaire Resource Investor invested to date $6.5M $8.3M $90.2M $137.3M $15.6M 2019 2020 2021 2022 2023 TSX-V: NFG, NYSE-A: NFGC | 4
Slide 5: Board of Directors
BOARD OF DIRECTORS Collin Denis Douglas Douglas Vijay Raymond Kettell Laviolette Hurst HurstMehta Threlkeld Founder, Chairman & CEO Founder & President Independent Director Independent Independent Director Director Independent Director Mr. Kettell is a founder of New Geologist with 15+ years of Geol
Slide 6: Key People
KEY PEOPLE Ron Greg Michael Melissa Hampton Matheson, P.Geo. Kanevsky, CPA Render, P.Geo. CDO COO CFO V.P. of Exploration Ron has 25+ years of project and A professional geologist with over A Chartered Professional Accountant An exploration geologist with over engineering leadership experience 14 ye
Slide 7: Significant Intercepts
AFZ QWN PLAN MAP Deformation Zone MONTE CARLO Au Associated Fault Interpreted Au Vein Surface Intersection LOTTO Trans-Canada Highway SIGNIFICANT INTERCEPTS Greywacke Shale 6 NFGC-21-201 E NFG Collar with Assays ON TZ UL THE COMPANY’S MOST SIGNIFICANT INTERCEPTS FA N TO COVER 5 ZONES, ACROSS 2.5KM O
Slide 8: 18 Zones and Counting
EVEREST QWN AFZ PLAN MAP Deformation Zone 18 ZONES AND COUNTING Au Associated Fault Interpreted Au Vein Trans-Canada Highway Greywacke Shale K2 HONEYPOT THE AFZ MINERALIZED ENVELOPE NOW COVERS AN AREA AFZ Mineralized Footprint AFZ Target Envelope RUNNING 4.1KM IN STRIKE LENGTH BY 400M WIDE. NFGC Col
Slide 9: Project Advancement Timeline
PROJECT ADVANCEMENT TIMELINE NEW FOUND IS ADVANCING THE QUEENSWAY PROJECT THROUGH THE DISCOVERY PHASE. 3D Seismic Survey Commences Commencement of metallurgical Transactions and staking Baseline program; geotechnical and to consolidate the environmental Golden Joint Keats West geochemical characteri
Slide 10: Our Home: Newfoundland
OUR HOME: NEWFOUNDLAND NEW FOUND IS PROUD TO CALL NEWFOUNDLAND HOME. T UL FA ON ET PL T UL AP FA P Giga-Shack. Recently JB completed 25,000 ft2 Ranked #4 mining jurisdiction The Government of NL plans to build 5 office and core shack. globally1 new mines by 20302 Glenwood Appleton Gander er Lake Gan
Slide 11: Community Involvement
COMMUNITY INVOLVEMENT NEW FOUND IS COMMITTED TO SUPPORTING THE CENTRAL NEWFOUNDLAND REGION AND ITS COMMUNITIES AT LARGE. Predominantly Local-First Local Staff Hiring Of the 250 people employed either New Found Gold Corp. uses a directly or as contractors on the local-first hiring and procurement Pro
Slide 12: Key Studies Underway
KEY STUDIES UNDERWAY Environmental Stakeholder Baseline Engagement Ongoing environmental baseline Continuing positive engagement studies include surface water and with stakeholders, regulators, sediment sampling, vegetation, and our local communities. wetlands, bird, wildlife, and aquatic assessment
Slide 13: Discovering a District
DISCOVERING T UL FA A DISTRICT ON ET PL T UL QUEENSWAY NORTH AP FA P JB • Home to 18 high-grade gold • The Queensway LOTTO discovery zones. Project is 120km GOLDEN JOINT 1744 H POND KEATS WEST long and includes POCKET POND • Approximately 95% of drilling to date has taken place on this Gander KEATS
Slide 14: Queensway North
QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC | 14
Slide 15: The Queensway North Project
KM M BIG DAVE .4K 9.5 THE QUEENSWAY 12 1744 NORTH PROJECT EVEREST HONEYPOT GLASS K2 • The majority of drilling JACKPOT has been focused on MONTE CARLO a string of high-grade LOTTO NORTH discoveries spanning 5km LOTTO along the AFZ. DOME QUEENSWAY NORTH PROJECT GOLDEN JOINT Assays • These zones remai
Slide 16: Keats
A NF KTMO ICEBERG E KEATS P.L5 9 AEP- ON TZ KEATS UL NORTH COKES E FA ON ON TZ • New Found’s first high- LOTTO ET UL NFGC-22-593 grade gold discovery, made 9.12 g/t Au / 8.20m PL FA 42.6 g/t Au / 11.75m AP in January 2020, is hosted N ETO NFGC-19-01 by the Keats-Baseline fault 75.2 g/t Au / 23.50m G
Slide 17: Lotto
LOTTO NORTH PLAN MAP NFGC-22-788 Deformation Zone Au Grade (g/t) 16.1 g/t Au / 5.30m M Au Vein 0.5 – 1.0 Surface Intersection 1.0 - 3.0 .5K Greywacke LOTTO 3.0 - 10.0 Shale >10.0 NFGC-22-646 E-9 NFGC Collar 4.72 g/t Au / 8.50m ON TZ 0 100 200 m UL FA E ON BLACK ON • New Found’s second ET NFGC-22-690
Slide 18: Golden Joint
A NF MO NFGC-19-03 KT E 38.0 g/t Au / 2.60m GOLDEN P.L5 9 AEP- ON DOME JOINT TZ NFGC-22-844 SHALE GOLDEN GREYWA UL 21.1 g/t Au / 7.65m FA JOINT ON • New Found’s third NFGC-23-1597 21.9 g/t Au / 2.15m LOTTO ET discovery made in PL AP April 2021, located in NFGC-21-386 NFGC-23-1528 between Keats and 6
Slide 19: Keats West
A NF KTMO NFGC-22-773 E 18.6 g/t Au / 15.95m KEATS P.L5 9 NFGC-22-1010 AEP- 4.43 g/t Au / 43.40m NFGC-22-784 ON 6.68 g/t Au / 24.00m WEST TZ NFGC-22-1043 UL 2.49 g/t Au / 19.40m FA KEATS ON • New Found’s first major WEST NFGC-22-990 LOTTO ET 42.8 g/t Au / 11.60m discovery located on the PL 1.85 g/t
Slide 20: Iceberg
A NF E MO GOLDEN JOINT ON KT TZ E UL ICEBERG NFGC-23-1599 P.L5 FA 32.4 g/t Au / 2.55m OPEN 9 NFGC-23-1541 N TO AEP- 46.8 g/t Au / 10.55m E KEATS PL ON AP WEST NFGC-23-1279 TZ E 30.8 g/t Au / 7.95m NFGC-23-1570 ZO N UL T 115 g/t Au / 4.10m AUL F FA E NFGC-23-1312 EL IN 14.5 g/t Au / 27.80m AS ON B 34
Slide 21: Appleton Cross-Section
APPLETON CROSS-SECTION 06 A -22 -1049 A /667A 141 0 -1128 -23-1 C-23-13 A’ C -6602-594 -1100 112 3- GC-23 NFGC FG NW NFG 2 C-2 GC-2 2-561 2-567 2-864 C-23 -2 C NF N SE NFG NF FGC-2 FGC-2 FGC-2 NFG NFG N N N NFGC-23-1100 72.2 g/t Au / 9.65m EN ZO NFGC-23-1120 NFGC-23-1128 49.7 g/t Au / 29.85m 12.6 g/
Slide 22: Gold Mineralization in 3D
GOLD EVEREST K2 MINERALIZATION MONTE CARLO IN 3D HONEYPOT LITTLE JACKPOT KEATS WEST LOTTO NORTH DOME LOTTO COKES GOLDEN JOINT TCW ICEBERG EAST NE ICEBERG LT ZO FAU KEATS NORTH TON PLE A P KEATS TCH KNOB TSX-V: NFG, NYSE-A: NFGC | 22
Slide 23: A Comparison to Fosterville
A COMPARISON TO FOSTERVILLE • Orogenic systems are known to go deep. Exploration at Queensway has been largely focused on the top 200m vertical; average of all drilling to date just 140m. • Comparing the Queensway project to Fosterville provides a sense of potential regarding depth of mineralization
Slide 24: 3D Seismic Survey Underway
3D SEISMIC SURVEY UNDERWAY FAU 9.5KM NE M ZO NE .4K LT ZO 12 • New Found recently completed an industry-leading 3D seismic LT AU N survey, a first for Canadian mineral exploration. TO PF PLE JB • Similar survey completed at the Fosterville mine in Australia AP identified additional subsurface ore zo
Slide 25: Queensway South
QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC | 25
Slide 26: QWS Exploration
DEVILS NE QWS EXPLORATION LI Y TREND QUEENSWAY PROJECT BA G Town DO Transmission Line DEVILS Trans-Canada Highway Regional Fault Zone NORTH Major Fault Zone NEBULA DEVILS POND Queensway North Queensway South NFGC-QS-22-15 ASTRONAUT 0.47 g/t Au over 8.00m NOVA PAULS POND Rock Sample (Au g/t) 2022 DDH
Slide 27: An Emerging District
AN EMERGING DISTRICT T UL FA ON ET PL T UL THE APPLETON AND JBP FAULTS ARE LARGE FEATURES THAT COMPARE IN SIZE TO AP FA P JB THE WORLD-RENOWNED ABITIBI BELT. ABITIBI BELT HOST TO 100M+ OUNCES LOTTO GOLDEN JOINT 1744 H POND KEATS WEST POCKET POND Gander KEATS Gander Lake ICEBERG QUEENSWAY PROJECT Tow
Slide 28: Capitalization
CAPITALIZATION $856M $57.3M 199,152,137 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding As of January 2, 2024 based on a close of $4.58/share As of January 2, 2024 based on a close of $4.58/share INSTITUTIONAL & RETAIL 186,873,012 Basic Shares Outstanding 30% * 20
Slide 29: Contact
Collin Kettell Michael Kanevsky, CPA, CA Bella Carter Chief Executive Officer Chief Financial Officer Investor Inquiries ckettell@newfoundgold.ca mkanevsky@newfoundgold.ca bella@newfoundgold.ca New Found Gold Corp. + 1 (845) 535-1486 Suite 1430 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 T
Slide 30: Appendix
APPENDIX TSX-V: NFG, NYSE-A: NFGC | 30
Slide 31: Property Geology Map
PROPERTY GEOLOGY MAP • Predominantly Ordovician Davidsville Group • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, sandstone, conglomerate with minor carbonate, volcanic and intrusive rocks • Unconformably overlies the Gander River Complex (ophiolites) in the east • Conformably
Slide 32: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ng a • The Queensway Project is located along a continental re i collision margin formed as part of the Appalachian read u r Sut Tho c sp Orogeny – the collision of Laurentia with Gondwana DOG BAY LINE lanti and it’s micro-continents (Ganderia and Av
Slide 33: Litho-Structural Architecture
LITHO-STRUCTURAL ARCHITECTURE STRUCTURAL EVOLUTION OF THE DAVIDSVILLE GROUP IN THE EXPLOITS SUBZONE Progressive compression, folding, faulting and mineralization of sediments. High-grade gold mineralization at Queensway focusses on small displacement accommodation faults, similar to Fosterville’s Sw
Slide 34: Gold Mineralization
GOLD MINERALIZATION AN IDEAL PLUMBING SYSTEM The collision of two continental plates causes progressive compression, folding, faulting, and mineralization of sediments. This creates an ideal host for high-grade gold mineralization among spaces left behind during faulting. EPIZONAL GOLD Epizonal gold
Slide 35: Mineralization Style
MINERALIZATION STYLE Visible gold in vuggy quartz-carbonate veins: • Stylolitic-laminated • Breccia-hydraulic and implosive • Stockwork, +/- arsenopyrite, chalcopyrite boulangerite, pyrite, NH4 muscovite TSX-V: NFG, NYSE-A: NFGC | 35
Slide 36: Keats Cross Section
KEATS CROSS SECTION Keats (NFGC-20-52) 13.7 g/t Au over 5.60m B B’ NW SE 77 9 1 -2 2 NFFG -20-25 34 NF - -1 1 NFGC--19-18 NF -20 21 12 GC 20 0 13 GC 20 -0 GC -5 1- - 0- 1- 1- N C 0 -2 -2 -2 -2 GC C GC NFGC GC G NF NF NF NF BLACK SHALE NFGC-19-01 Ke 75.21 g/t Au over 23.50m Maats in -100 KEATS CROSS
Slide 37: Keats West Cross-Section
KEATS WEST CROSS-SECTION Keats West (NFGC-22-960) 42.6 g/t Au over 32.00m NFGC-22-945 EAST SIDE NFGC-22-922 4.32 g/t Au / 21.30m 10.1 g/t Au / 22.50m NE NFGC-22-1040 Z O 17.2 g/t Au / 22.90m N FA ULT 12.0 g/t Au / 18.40m ETO APPL OPEN KEATS WEST 3-D VIEW NFGC-23-1155 Au (g/t) 1.53 g/t Au / 34.75m 0.
Slide 38: Iceberg Cross-Section
ICEBERG CROSS-SECTION Iceberg (NFGC-23-1120) 49.7 g/t Au over 29.85m 06 A 2-104 9A 67A 0/6594 0 20 1128 3-1141 23-13 - A’ C-2 2-66 2- 61 67 64 110 -11 23- C-2 NFGC NW NFG GC-2 GC-2 22-5 2-5 2-8 C-23- GC-23NFGC- NFG SE 2 2 NF NF N F NFG C- C- C- NFG NFG NFG NFGC-23-1100 72.2 g/t Au / 9.65m E ON NFGC-
Slide 39: Golden Joint Cross Section
GOLDEN JOINT CROSS SECTION Golden Joint (NFGC-21-462) B B’ 69.2 g/t Au over 14.20m NF -2 62 -2 26 6 GC 01 4 NFGC-22- 50 NW SE 38 NF GC 21 716 NFGC- 2-7 55 1- 81 -2 1-1 1 NFGC 22- 23 41 GC 1-4 GC 1-3 7 GC -2 -17 NF 1-4 - 6 18 1- NF C- 1-2 1- -2 NF -2 -2 G -2 2 GC 0 GC NF GC NF NF NF NE ZO NFGC-21-181
Slide 40: Lotto Cross-Section
LOTTO CROSS-SECTION Lotto (NFGC-21-201) B B’ 143 g/t Au over 11.75m 59 9 2- 0 7 NW SE -2 2-6 GC -2 NF GC NFGC-22-552 F -2 -8 18 N 77.9 g/t Au / 2.30m 4 NF GC 21- 3 NF -2 1-2 66 -2 0 NF GC -2 115 1- 24 9 GC 1-2 01 NF GC- -24 22 GC 10 10 1 -2 05 6 GC -2 1-2 96 39 -2 0- NF 2-8 58 2 GC -22 -6 55 1- NF 2
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