Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (February 2022)
23 slides from Fury Gold Mines's investor presentation, February 2022
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation February 2022
Slide 2: Disclaimer
Disclaimer Cautionary Notes This presentation is intended to provide readers with an overview of Fury Gold Mines Limited. (the “Company”). The Company has made reasonable efforts to ensure that the information contained in this presentation is accurate as of November 1, 2021, however it is not a pro
Slide 3: Cautionary Note to United States Investors
Cautionary Note to United States Investors There is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under t
Slide 4: Advancing High-Grade Gold Projects in Canada
Advancing High-Grade Gold Projects in Canada Attractive Valuation ▪ Trading at 0.21x P/NAV, a discount to peer group (0.4x – 0.5x) ▪ Enterprise value/total mineral resources of approx. US$28/oz. Recent Asset Sale ▪ Agreement to sell Homestake Ridge gold-silver project to Dolly Varden Silver for C$5m
Slide 5: Advancing High-Grade, Low-Risk Gold Portfolio
Advancing High-Grade, Low-Risk Gold Portfolio Committee Bay Nunavut, MRE ‘17 Ind 3: 524,000 oz at 7.85g/t Au Inf 3: 720,000 oz at 7.64 g/t Au Pursuing multi-million ounce discoveries Eau Claire Quebec, PEA‘18 M&I1: 808,000 oz at 6.65 g/t Au Inf 1: 458,000 oz at 7.48 g/t Au Target to multiply with ex
Slide 6: Homestake Ridge Transaction
Homestake Ridge Transaction Fury to Sell 100% Interest in Homestake Ridge to Dolly Varden Silver Dolly Varden to make a C$5M cash payment and issue 76,504,590 common shares to Fury Provides Fury financial flexibility upon completion of the transaction Offers significant synergies upon consolidation
Slide 7: Environment, Social and Governance
Environment, Social and Governance Build Upon Existing Relationships to Ensure Meaningful Engagement Fury understands the shared value that mining can bring but also understands its risks and the importance of responsible and sustainable development. The Company strives to maintain the highest stand
Slide 8: Eau Claire – Eeyou Istchee James Bay Region of Quebec
Eau Claire – Eeyou Istchee James Bay Region of Quebec Excellent Access to Infrastructure 8
Slide 9: Eau Claire – 2018 PEA Highlights
Eau Claire – 2018 PEA Highlights NPV 5% (@1,500 Au/oz) C$397M IRR (after-tax) 27% Capex $283M ($175M initial; $108M LOM sustaining) All-In Sustaining Cost C$746/oz Au LOM 12 years Production 951k oz./year (@1,500 tpd) Payback 3.1 years Open Pit (surface to 150 m) Underground (150 m – 860 m) Containe
Slide 10: Eau Claire – Regional Geology and Targets
Eau Claire – Regional Geology and Targets 30km of discovery potential along the Cannard deformation corridor (55,000 ha.) Follow up on Percival discovery (2018); prepare prospect for H1 2022 drilling 10
Slide 11: Eau Claire – Deposit Trend Long Section
Eau Claire – Deposit Trend Long Section Resource Remains Open for Expansion in All Directions Exploring three mineralized structures along the deposit trend Deposit is open laterally and at depth 11
Slide 12: Eau Claire – Zone Fold Hinge
Eau Claire – 850 Zone Fold Hinge Intercepts at the Western Fold Hinge Target Deposit open to the west down plunge All drilling has intersected quartz tourmaline veining and alteration The Eau Claire resource is located within interbedded basaltic units Further exploration drilling planned to test a
Slide 13: Snake Lake – Two Mineralized Horizons Identified to Date
Snake Lake – Two Mineralized Horizons Identified to Date 950 x 1,100m Mineralized Structural Corridor 13
Slide 14: Percival Prospect Targeting
Percival Prospect Targeting 15 Targets Identified along Newly Identified Structural Trend Target down plunge on high grade at Percival Additional target indicated by folded magnetic stratigraphy to the east. Historical drilling ended in alteration envelope consistent with Percival mineralization. No
Slide 15: Percival Mineralization Style – Favourable Stratigraphy
Percival Mineralization Style – Favourable Stratigraphy 3D Magnetics Inversion Mineralization at margin of folded, steeply plunging magnetic stratigraphy Critical grades, critical widths for follow-up Mineralization open to expand down plunge and along parallel fold hinges
Slide 16: Éléonore South JV – Project Location and Targeting
Éléonore South JV – Project Location and Targeting Large Scale High-Grade Untested Gold in Till Anomaly Land Position: 14,700 ha Fury (38.12%), Newmont (38.11%) and Azimut Exploration (23.77%) - Fury currently acts as manager and operator of the joint venture on behalf of the partners 2021 explorati
Slide 17: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 300km greenstone belt (297,000 ha.) Significant resource expansion potential – 120-metre stepout open along plunge and down-dip Emerging importance of mineralization in underexplored meta-sediments 17
Slide 18: Committee Bay – Raven Regional Shear Zone Corridor
Committee Bay – Raven Regional Shear Zone Corridor Successfully Intersected the Gold Bearing Structure - 8km Potential VG Visible gold hosted in felsic volcaniclastics along Aspy main deformation zone, 150m south of Raven showing Tour Potential for mineralization zone along major lithological break
Slide 19: Committee Bay – Raven Prospect
Committee Bay – Raven Prospect Recognized New Geometry – All Four Holes Hit a Panel of Alteration and Veining 2021 and historical intercepts in relation to the newly recognized silica-sericite alteration which controls the gold mineralization. 1. Intercepts were calculated using a minimum of a 0.25
Slide 20: Share Structure and Analyst Coverage
Share Structure and Analyst Coverage Share Structure (As of Nov. 12, 2021) Analyst Coverage Shares Outstanding 125.7M Michael Curran, CFA Options ($1.99 avg. price) 7.4M Warrants ($1.27 avg. price) 8.2M Heiko F. Ilhe, CFA Fully Diluted 141.4M Three-month avg. (Cda/US) 122k/244k Barry Allan Market Ca
Slide 21: Upcoming Catalysts
Upcoming Catalysts ▪ Close of Homestake Ridge transaction – end of February 2022 ▪ Geochemical studies at Eau Claire and ESJV completed – results pending ▪ Percival geophysical survey underway; drilling planned for H1/2022 21
Slide 22: Contact
Contact: +1 437 500 2529 info@furygoldmines.com www.furygoldmines.com
Slide 23: Experienced and Balanced Management Team
Experienced and Balanced Management Team Management Team TIM CLARK MICHAEL HENRICHSEN BRYAN ATKINSON CEO & Director SVP, Exploration VP, Projects LYNSEY SHERRY SALISHA ILYAS CFO VP, Investor Relations Board of Directors IVAN BEBEK JEFFREY MASON* STEVE COOK* MICHAEL HOFFMAN* SAGA WILLIAMS* Chair Lead
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