Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (November 2023)
29 slides from Freegold Ventures's investor presentation, November 2023
Slide 1: Investor Presentation November 2023
INVESTOR PRESENTATION November 2023 TRACK RECORD OF LEVERAGING. EXPLORATION DOLLARS INTO DISCOVERY. SONEOF THE LARGEST UNDEVELOPED GOLD:RES8URCES IN NORTH > AMERICA OWNED BY AJUNIGR-AND GPEN'FOR EXPANSION
Slide 2: Some of North America's largest undeveloped gold deposits are in Alaska
Some of North America’s largest Undeveloped Gold Deposits are located in Alaska including Freegold's Golden Summit Project 12 Moz @ 0.92 g/t Au Indicated 7.7 Moz @ 0.85 g/t Au Inferred 2
Slide 3: Disclaimer
DISCLAIMER Cautionary Note to Investors This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to future financial or operating performance of the Freegold Ventures Limited, (the “Corporation”) its subsidiaries and their respective
Slide 4: Large property with over 80 documented gold occurrences
Large property with overގ80 documented gold occurrences including the district's 4 highest grade underground producers ގis largely underexplored outside of the Dolphin-Cleary resourceގގ ގ ގ Over 6.75 million ounces of historical ގplacer gold productionގ from the streams that drain the proj
Slide 5: Pit Constrained @ $1,792 Au
Pit Constrained @ $1,792 Au Cut Off Au g/t Category Tonnes Au g/t Au Ounces Pit Constrained Oxide 0.15 Indicated 52,030,000 0.39 657,000 0.15 Inferred 18,187,000 0.47 252,000 Pit Constrained Primary 0.45 Indicated 407,544,000 , , 0.92 12,011,000 , , 0.45 Inferred 282,303,000 , , 0.85 7,736,000 , , U
Slide 6: Mineralization hosted in the schist and the intrusive
Pit Constrained @ $1,792 Au Cut Off Au g/t Category Tonnes Au g/t Au Ounces Pit Constrained Primary 0.75 Indicated 171,605,000 1.36 7,653,000 0.75 Inferred 105,332,000 1.32 4,469,000 Mineralization is hosted both in the schist and the intrusive 6
Slide 7: In Situ gold ounces
24,000,000 1 In Situ gold ounces 18,000,000 0.75 Au g/t 12,000,000 0.5 6,000,000 0.25 0 0 2016 2023 2016 2023 Inferred Indicated Grade Gold Resources Resource Grade An increase of 9 times in the indicated category and 5 times in the inferred categoryގ ގ ގPLUS a ގ20 % ގincrease in grade 7
Slide 8: Late Cretaceous Dolphin stock same age as Fort Knox intrusion
The Late Cretaceous Dolphin stock is the same age as the intrusion that hosts the multi million ounce Fort Knox deposit. Golden Summit hosts mineralization within the intrusive as well as significant mineralization within the schists surrounding the intrusive ©2023 ©20 23 Pro Proprietary Propri prie
Slide 9: Over 6.75 million ounces of placer gold recovered
OVER 6.75 MILLION OUNCES OF PLACER GOLD RECOVERED FROM THE STREAMS THAT DRAIN THE PROJECT AREA 9
Slide 10: Historical production from narrow high-grade veins
Historical Production from narrow high- grade veins - Cleary Hill 281,000 ounces GSDL2001 returned 188 metres grading 3.69 g/t Au – the longest and highest- grade intercept at Golden Summit at its projected target depth – confirming Freegold’s new interpretation in 2020 10
Slide 11: Highest grades continue to be intercepted in the footwall of the Dolphin stock
Highest grades continue to be intercepted in the footwall of the Dolphin stock 2023 drill program intersected mineralization west of the current resource. It is still open to the west. 11
Slide 12: Drilling in 2020-2023 intersected broad zones of higher grade
Drilling in 2020- 2023 consistently intersected broad zones of higher grade mineralization Infill drilling correlates well with the 2023 Block Model grades Open to the West ގand Southwest 12 12
Slide 13: Section 478950E
478950E Mineralization dipping to the South over a broad zone Drilling continues to confirm the 2020 interpretation and the 2023 resource block model 13
Slide 14: Section 478800E
478800e Mineralization narrowing towards to the North Confirmation of Block Model 14
Slide 15: Gold-in-soil geochemistry indicator of potential mineralization
Golden Summit is un-glaciated and gold-in-soil geochemistry is an excellent indicator of potential gold mineralization in bedrock Gold in soil anomaly extends 1.5 km west of the current resource GS2241 drilled to the west intercepted 147 metres – 1.02 g/t Au GS2314 drilled to the west intercepted nu
Slide 16: Numerous gold in soil anomalies over 13 km
Numerous gold in Soil anomalies >100 ppb Au over 13 km Current Resource contained in a 1.5km by 800 metre area Multiple Geochemical anomalies warrant drill testing 16
Slide 17: Exploratory holes drilled in the Saddle Zone in 2023
7 widely spaced exploratory holes were drilled in the Saddle Zone in 2023 Assays are pending 17
Slide 18: Metallurgical testwork: oxide and sulphide recoveries
Oxidation of the refractory mineralization successfully recovers more than 90% of the gold Oxide Sulphide Testwork Current Program Top ~ 70 metres of the Direct CIL (carbon-in- deposit are oxide leach), Gravity Testwork Column test work on the Pressure Oxidation (POX) More visible gold was oxide ret
Slide 19: 44 holes drilled in 2023
44 holes drilled in 2023 (~26,000 metres) Results continue to confirm potential for resource expansion Assays Pending for 23 holes including 7 holes to the west of Willow Creek and 7 holes in the Saddle Zone 19
Slide 20: Infrastructure: highway, powerline, labour and regulatory framework
Paved highway from Fairbanks High Tension Powerline within 6 km of Golden Summit Labour and Supplies located in Fairbanks a 30 minute drive Strong Regulatory Framework 20
Slide 21: Analyst target: Paradigm Capital
Don MacLean Snr. Gold Analyst Paradigm Capital March 5, 2023 21
Slide 22: 2023 drilling and next steps
2023 Expansion and Exploratory Drilling Saddle Additional Studies in Update resource following receipt delineation ގdrilling Dolphin Zone Progress of assays from 2023 drilling Cleary Zone 7 holes completed Metallurgical Work ongoing 37 holes completed Widely spaced reconnaissance Ongoing Baseline,
Slide 23: Shorty Creek with strategic metal potential
WITH STRATEGIC METAL POTENTIAL 125 km northwest of Fairbanks off the Elliot Highway 233
Slide 24: Shorty Creek - Hill 1835
SHORTY GREEK - HILL 1835 MULTIPLE UNTESTED MAGNETIC ANOMALIES THROUGH OUT THE 100 SQ KM PROPERTY 2014: FREEGOLD LEASES PROJECT SUBJECT TO A 2% NSR 2015: FREEGOLD MAKES AN INITIAL DISCOVERY — SC 1503 91 METRES 0.55 % CU, 0.14 G/T AU AND 7.02 G/T AG FVL:TSX | FGOVF: OTCQX ay RHA904 7257600 RHSO15 + _
Slide 25: Tungsten
Tungsten A Strategic Mineral Metallurgical Testwork Floatation and Gravity Testwork indicates the tungsten is recoverable by gravity ގ90% recovery to a copper concentrate grading Significant broad zones of tungsten mineralization 24% Cu warrant additional follow up 1.65 g/t Au drilling at Hill 183
Slide 26: Management and Board
Kristina Walcott Ron Ewing - Chairman President & CEO & Director (Freegold ) + 20 years experience in mineral exploration More than 30 years experience ގin mining and mineral exploration and operational industry. industry , roles included Executive VP Lundin Mining previously VP EuroZinc. Alvin Ja
Slide 27: Share Price and Capital Structure
Eric Sprott~ގ ގ114M ގ ގManagement and Board ~8M TSX:FVL $0.36CDN Share Price OTCQX:FGOVF $0.26US Shares 419,659,021 Warrants 28,546,700 Options 10,315,000 Fully Diluted 460,520,721 27
Slide 28: Source: Paradigm Capital, S&P IQ and Company Filings
Source Paradigm Capital S&P IQ and Company Filings 28
Slide 29: Contact
Suite 888. 700 West Georgia Street Vancouver, BC V7Y 1G5 Tel. 604.662.7307 freegoldventures.com 29
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