Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (May 2024)
41 slides from Mayfair Gold's investor presentation, May 2024
Slide 1: Fenn-Gib Gold Project
FENN-GIB GOLD PROJECT TSX.V: MFG OTCQB: MFGCF FRA: 9M5 CANADA’S FIRST CARBON NEUTRAL GOLD PROJECT: Vision to Build Zero Carbon Mine M A Y 2 0 2 4
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: Current Status
CURRENT STATUS ASSESSING DEVELOPMENT OPTIONS INDICATED RESOURCE 3.38Moz @ 0.93 G/T AU PFS-LEVEL METALLURGICAL TESTING COMPLETED PFS-LEVEL GEOTECH STUDY COMPLETED BASELINE STUDIES ONGOING PRE-FEASIBILITY STUDY UNDERWAY 2
Slide 4: Fenn-Gib: Top Tier Mining Jurisdiction
FENN-GIB: TOP TIER MINING JURSIDICTION North Block straddles South Block straddles 4,800 ha: Numerous gold the Pipestone Fault: the Porcupine Fault: occurrences across North Block and hosts current +3 Moz under-explored: no both North and South NI 43-101 resource road access Blocks South Block 3
Slide 5: Fenn-Gib Deposit: Key Attributes
FENN-GIB DEPOSIT: KEY ATTRIBUTES Location • Excellent access: adjacent to Highway 101, 20km east of Matheson • Renewable grid power, abundant water, and large, skilled labor pool • No camp required • Suitable for remote operations with high-speed connectivity Geology • Broad disseminated mineralizat
Slide 6: Fenn-Gib Deposit
FENN-GIB DEPOSIT Interim Resource: Indicated 113.7M tonnes @ 0.93 g/t 5
Slide 7: Fenn-Gib Deposit
FENN-GIB DEPOSIT Potential Open -Pit, Large Tonnage, Low Strip 6
Slide 8: Fenn-Gib Deposit: Conceptual Pit
FENN-GIB DEPOSIT: CONCEPTUAL PIT CONCEPTUAL OPEN -PIT Similar to Ernest Henry Open Pit: Depth 570m, Diameter 1.3km 7
Slide 9: Bulk Tonnage Deposits: Detour Lake
BULK TONNAGE DEPOSITS: DETOUR LAKE Current Resource: M&I 277.46Mt @ 0.91 g/t Lenth 3.5km Width 1.2km Ultimate depth 624m 8
Slide 10: Mineral Resource: April 2023
MINERAL RESOURCE: APRIL 2023 HIGH QUALITY, BULK-MINEABLE RESOURCE • Based on assays of 113,800m of drilling (currently +152,000m) • Pit constrained Indicated resource: 113.7 Mt @ 0.93 g/t Au for 3.38Moz • Pit constrained Inferred resource: 5.7M tonnes @ 0.85 g/t Au for 0.16Moz • Broad disseminated m
Slide 11: Fenn-Gib Mineral Resource Update
FENN-GIB MINERAL RESOURCE UPDATE Based on 113,800m of 140,000m Drill Program (50 ° Pit Slope) Open-Pit Cut-Off Grade Au Ounces Class Tonnes Grade (g/t Au) (oz) Indicated 0.40 113,687,000 0.93 3,383,000 Inferred 0.40 5,724,000 0.85 157,000 Source: Tim Maunula, P. Geo, T Maunula & Associates Consultin
Slide 12: Metallurgical Testing
METALLURGICAL TESTING WORLD CLASS GOLD RECOVERIES • Advanced met testing for PFS completed at SGS • Two recommended flowsheets: • Flotation to Final Concentrate—98% Au recoveries • Flotation – Regrind – Cyanidation—94% Au recoveries • Phase 1: Flotation to Final Concentrate for offsite treatment • C
Slide 13: Flowsheet Options
FLOWSHEET OPTIONS FLOW SHEETS SIMILAR TO NORTHERN STAR’S KCGM OPERATION 12
Slide 14: High-Grade Starter Pit
HIGH-GRADE STARTER PIT +600,000 oz @ ~1.35 g/t – Rapid Repayment of Capital High Grade Starter Pit 13
Slide 15: Infill, Expansion and Exploration Drilling
INFILL, EXPANSION AND EXPLORATION DRILLING 1. Main Deposit: infill drilling complete 2. East Extension: drilling to continue 3. Contact Zone: drilling completed 4. Footwall Zone: drilling to continue 5. Exploration drilling: drilling to continue 14
Slide 16: Eastern Extension
EASTERN EXTENSION High-Grade Zone Plunging to the Southeast 15
Slide 17: Eastern Extension
EASTERN EXTENSION High-Grade Zone Plunging to the Southeast Access for Summer Drilling 16
Slide 18: Footwall Zone Discovery
FOOTWALL ZONE DISCOVERY Footwall Zone Mafic Volcanics Main Zone Pyroxenite Porcupine Sediments 7 Open-Pit METERS MAYFAIRCOLD
Slide 19: Footwall Zone Discovery
FOOTWALL ZONE DISCOVERY FG21-211 FG21-215 FG21-218 2021 JDS FG22-222 Conceptual FG21-220 Pit Outline FG22-215 2.88 g/t Au over Fenn-Gib 49.0m incl Zone 6.53 g/t Au over 17.5m FG22-218 0.71 g/t Au over 92.0m incl. 2.15 g/t Au over 10.0 FG22-218 2.40 g/t Au over 47.4m incl. 0.0 12.5 3.83 g/t Au over 4
Slide 20: Footwall Zone Model
FOOTWALL ZONE MODEL ~800m +700m 19
Slide 21: Footwall Zone Model
FOOTWALL ZONE MODEL FG23-311 secondary altered/mineralized Mafic volcanics (i setimentary rocks (Porcupine Group Sediments) IHF afc vteanirocks massive plowed vail ws) [Ty tere mate vokanc rocks (erced, serie carbonate aie atered) BiB vrramaticvoeaic rocks (a Frersiteatered amas okanc rook (geencarb
Slide 22: Footwall Zone Extension: Drilling Now
FOOTWALL ZONE EXTENSION: DRILLING NOW Fenn-Gib Deposit 21
Slide 23: Contact Zone: Below Pit
CONTACT ZONE: BELOW PIT High-Grade Main Zone Plunging to the Southeast: Underground Potential 22
Slide 24: Contact Zone Drilling
CONTACT ZONE DRILLING MAYFAIRCOLD coro a g 41.14 g/tAu / 496.0m nc. 2.84 e/tAu /21.0m & eftAu /19.0m8 2.40 g/tAu /31.2mincl. ‘5.45 g/tau /19.0m 5 & a 0 Ge (0.61 g/tAu /168.2m inl Lad g/t Au /38.1m et 2023 resource pit shell "28% ell 0.73g/tAu /47.0m Wa H i 16 g/tAu /42imindl 1.60 g/t Au /209.0m inet
Slide 25: Contact Zone: Underground Potential
CONTACT ZONE: UNDERGROUND POTENTIAL Footwall Zone Main Deposit Contact Zone 24
Slide 26: Fenn-Gib Regional Exploration
FENN-GIB REGIONAL EXPLORATION Fenn-Gib Deposit 25
Slide 27: North Block Regional Drill Targets
NORTH BLOCK REGIONAL DRILL TARGETS Fenn-Gib Deposit 26
Slide 28: South Block: Potential for New Discoveries
SOUTH BLOCK: POTENTIAL FOR NEW DISCOVERIES 27
Slide 29: South Block: Airborne Mag Survey
SOUTH BLOCK: AIRBORNE MAG SURVEY 28
Slide 30: South Block Ground Geophysics
SOUTH BLOCK GROUND GEOPHYSICS 29
Slide 31: ESG Vision: Carbon Neutral Gold Mine
ESG VISION: CARBON NEUTRAL GOLD MINE CA A A’S FIRS E ZERO CARBON GOLD PROJECT 30
Slide 32: ESG Vision: Zero Carbon Gold Mine
ESG VISION: ZERO CARBON GOLD MINE OPPORTUNTIES TO DECARBONIZE • Mobile fleet emits +50% of GHG: Alternatives: hydrogen/battery electric • Processing emits +30% of GHG: Renewable hydropower • Heating emits 5-10% of GHG: Renewable hydropower • Drilling and blasting emits +5% of GHG: Battery electric •
Slide 33: Capital Structure & Major Shareholders
CAPITAL STRUCTURE & MAJOR SHAREHOLDERS CAPITAL STRUCTURE MAJOR SHAREHOLDERS Shares Outstanding 100.3M Options 8.03M ➢Insiders/founders ~28% Warrants Nil Fully Diluted 108.3M ➢HNW retail ~18% Market Cap ~C$210M ➢Muddy Waters Capital +16% CASH End Q1 C$10M ➢Canadian pension plan +5% Current ~C$4M 32
Slide 34: Summary
SUMMARY LOW RISK, SUSTAINABLE ASSET • JURISDICTION: Low risk; security of title • LOCATION: Low risk; abundant power, water, labor • GEOLOGY: Low risk; outcropping; bulk mineable • METALLURGY: Low risk; standard flowsheet options; high recoveries • DEVELOPMENT: Low risk; conventional development • C
Slide 35: Vision
VISION TARGET: TIER-ONE ASSET CURRENT RESOURCE: 3.38Moz INDICATED “FIRST MINE” TARGET: 4Moz NORTH BLOCK REGIONAL TARGET: +1Moz SOUTH BLOCK REGIONAL TARGET: +1Moz FENN-GIB TARGET: +5Moz 34
Slide 36: Mayfair Gold Corp
MAYFAIR Patrick Evans GOLD CORP President and CEO WWW.MAYFAIRGOLD.CA TSX.V: MFG OTC: MFGCF FRA: 9M5 PATRICK@MAYFAIRGOLD.CA (800) 342-6705 35
Slide 37: Appendices
APPENDICES A.1 Leadership A.2 2024 Business Plan A.3 Interim resource Update (Oct. 2023) A.4 Fenn-Gib Development Options
Slide 38: 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 39: 2024 Business Plan
2024 BUSINESS PLAN 25,000m Phase 6 drill program Resource update Q2 2024 Pre-feasibility study Completed Planned Underway Regional exploration Baseline environmental studies Definitive feasibility study To continue Year 4 underway Planned TIMELINE TO DEVELOPMENT OF FIRST MINE 2025 2026 Permitting Pe
Slide 40: Fenn-Gib Interim Resource Update
FENN-GIB INTERIM RESOURCE UPDATE Gold Cut- Resources Tonnage Gold Grade Gold Ounces Off Grade Category (T X 1000) (g/t) (oz) (g/t) Pit-Constrained Resources 0.70 57,004 1.32 2,418,000 0.60 70,830 1.19 2,706,000 0.55 79,449 1.12 2,865,000 0.50 89,424 1.06 3,033,000 0.45 100,785 0.99 3,206,000 Indicat
Slide 41: Fenn-Gib Development Options
FENN-GIB DEVELOPMENT OPTIONS FENN-GIB PROJECT HWY 101 BLACK FOX MINE A.4