Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Corporate Update (May 2024)
17 slides from Fury Gold Mines's corporate update, May 23, 2024
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Webinar: Eau Claire Mineral Resource Update May 23, 2024
Slide 2: Introductory Information
Introductory Information Cautionary Notes This corporate 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 current as of May 21, 2024, howev
Slide 3: Technical and Scientific Information
Technical and Scientific Information The scientific and technical information included herein has been largely derived from the following technical reports prepared in accordance with NI 43-101: (a) the technical report entitled “Technical Report On The Eau Claire Project Quebec, Canada" dated Augus
Slide 4: Why Own Fury Gold Mines
Why Own Fury Gold Mines Best in Class Gold Junior Arguably one of the best-financed juniors in the industry with C$5.3M in cash and C$64.9M equity holding in Dolly Varden (54M shares)* Strategically Located for Upcoming Consolidation Unique optionality through multiple Canadian projects located near
Slide 5: High-Grade Gold Portfolio in Low-Risk Jurisdictions
High-Grade Gold Portfolio in Low-Risk Jurisdictions Geographically Positioned for Upcoming Consolidation Committee Bay Nunavut , MRE ‘23 Ind2: 524,000 oz at 7.85g/t Au Éléonore South Inf2: 720,000 oz at 7.64 g/t Au Quebec Exploration stage Eau Claire Quebec, MRE ‘24 M&I1: 1,160,000 oz at 5.64 g/t Au
Slide 6: Road Accessible High-Grade Gold Resource
Road Accessible High-Grade Gold Resource Eeyou Istchee James Bay Region of Quebec World-class Hydro Roads Airports government support for Power mining TSX | NYSE-A: FURY furygoldmines.com | 6
Slide 7: Eau Claire & Percival Mineral Resource 2024
Eau Claire & Percival Mineral Resource 2024 36% increase in Measured & Indicated category (addition of 307koz Au) 44.6% increase in the Inferred category (addition of 223koz Au) Increase largely due to the inaugural resource at Percival Fury has added 7.38 ounces of gold for every meter drilled sinc
Slide 8: Eau Claire Deposit
Eau Claire Deposit Updated Mineral Resource Estimate 2024 Mineral Resource Estimate for the Eau Claire Deposit Category Tonnes Au g/t Contained Au (oz) Measured 1,157,000 5.19 193,000 Open Pit Indicated 1,291,000 4.19 174,000 (base case cut-off grade of 0.5 g/t) Measured & Indicated 2,448,000 4.66 3
Slide 9: Eau Claire Deposit
Eau Claire Deposit Resource is Open in All Directions Eau Claire Resource remains open for further expansion through additional drilling. Eau Claire vein geometry steepened in areas with new data and interpretation. TSX | NYSE-A: FURY furygoldmines.com | 9
Slide 10: Percival Deposit – Maiden Mineral Resource Estimate 2024
Percival Deposit – Maiden Mineral Resource Estimate 2024 Significant Potential for Discovery Percival is one of 15+ anomalies along the Percival – Serendipity trend. Linked by existing road infrastructure to the Eau Claire deposit and behaves similarly to Eau Claire mineralization metallurgically Se
Slide 11: EV/oz Peer Comparison
EV/oz Peer Comparison Among Fury’s peers, the company ranks: Highest open pit Measured & Indicated (M+I) grade Highest Underground (U/G) Inferred grade Highest Open Pit (OP) Inferred grade As of May 21, 2024 Source: Table compiled by Bryan Atkison P.Geol, SVP Exploration and David Rivard, P.Geo, Exp
Slide 12: Sum of the Parts – Compelling Valuation
Sum of the Parts – Compelling Valuation Dolly Varden makes up 72% of Fury’s market cap Enterprise Value (As of May 21, 2024) C$M Market Cap $ 97.9 Every C$0.10 increase in Dolly Varden’s share price adds C$5.4M (-) Cash in Treasury $ 5.3 in value to Fury’s share ownership (-) Value of Dolly Varden (
Slide 13: Eau Claire – Multiple Targets Identified
Eau Claire – Multiple Targets Identified Pipeline Approach to Early-Stage Development Eau Claire Deposit remains open in all directions Open high-grade gold mineralization at Percival Prospect Multiple untested anomalies at Percival, Lac Clarkie and along the Cannard Deformation Zone TSX | NYSE-A: F
Slide 14: Éléonore South – 100% Ownership
Éléonore South – 100% Ownership Highly Prospective Early-Stage Gold Exploration Purchased Newmont's 49% for C$3M in March 2024 Recently completed drill program with approximately 2,300m in 7 holes. Results pending. Identified a robust geochemical gold anomaly within the same sedimentary rock package
Slide 15: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 100% ownership of a 300 km greenstone belt (over Three Bluffs Deposit 250,000 ha.) Indicated1: 524k oz at Significant resource expansion potential for large 7.85 g/t Au discovery Inferred1: 720k oz at
Slide 16: Near-Term Catalysts
Near-Term Catalysts Éléonore South Spring drilling completed with results expected in the coming weeks / months Additional 2024 Exploration Focused on New Discovery Program to be announced: Éléonore South biogeochem Committee Bay Percival / Serendipity Trend TSX | NYSE-A: FURY furygoldmines.com | 16
Slide 17: Contact Information
Contact Information +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com