Nevgold Corp · TSXV:NAU
Nevgold — Investor Presentation (October 2025)
25 slides from Nevgold's investor presentation, October 2025
Slide 1: Corporate Presentation
Corporate Presentation (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) October 2025 Advanced Gold & Antimony projects in Nevada and Idaho Large scale Copper exploration in Idaho Right Team, Right Place, Right Time, Right Way Brandon Bonifacio, President & CEO: bbonifacio@nev-gold.com, 604-337-4997
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers This presentation contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not a
Slide 3: Mineral Resource Estimates
Mineral Resource Estimates Nutmeg Mountain’s Mineral Resource Estimate (“MRE”) information is from the News Release dated September 18, 2025. The NI 43-101 Technical Report is in the process of being completed. Historical Mineral Resource Estimate – Limousine Butte Limousine Butte’s Historical Miner
Slide 4: Capital Structure
Capital Structure Capital Structure & Share Ownership Updated Shareholder Registry – October 2025 Total Issued and Outstanding 114,248,051 Options1 10,865,000 Warrants 2 16,272,229 Total Fully Diluted 141,385,280 Market Capitalization (Basic)3 C$57.1M Cash Balance (September 30, 2025) C$3.2M Enterpr
Slide 5: Executive Team & Board of Directors
Executive Team & Board of Directors Experienced team and board with a proven track record of success and relevant project development experience in the Americas Executive Team Board of Directors Brandon Bonifacio • Mining executive with experience in M&A, project development, and project Giulio Boni
Slide 6: Attractive Locations – Focus on The Americas
Attractive Locations – Focus on The Americas NevGold has four promising district-scale assets in top-tier jurisdictions in the Western USA Limousine Butte (Nevada) ✓ Carlin-style gold-antimony deposit ✓ Positive, near-surface, thick, oxide gold- antimony drill results ✓ Historical 2009 Resource1: 24
Slide 7: 2025 Work Program – Financed After C$6M Financing in June
2025 Work Program – Financed After C$6M Financing in June NevGold has significant news flow and milestones over 2025 driving a valuation re-rate Limo Butte Nutmeg Mtn. Zeus - Re-assay 50 holes - MRE - Geophysics - Met Testwork - ~2km drilling - 1st Phase - ~5km drilling - Engineering Exploration Dri
Slide 8: Project Benchmarking – Heap-Leach Grade & Strip Ratio
Project Benchmarking – Heap-Leach Grade & Strip Ratio • 2025 MRE at Nutmeg Mountain1 compares favorably to many projects in Western USA • Nutmeg Mountain mineralization starts at surface (strip ratio < 1.0x); strong resource continuity with a well-defined high-grade core of 1-2 g/t Au material • Lim
Slide 9: Market Valuation Comparables – The Roadmap
Market Valuation Comparables – THE ROADMAP • Market comparable group trades at average EV/Resource multiple of ~C$85/oz Au1 • NevGold completed 2025 MRE Update at Nutmeg Mountain → immediate re-rate potential based on this 2025 MRE ➢ By Q4-2025/Q1-2026, the Company is focused on advancing Limo Butte
Slide 10: Limousine Butte – District Activity – Surrounded by Majors
Limousine Butte – District Activity – Surrounded by Majors Freeport-McMoran US$33M earn-in deal with Falcon Butte Minerals on Butte Valley Porphyry • Freeport-McMoran (NYSE:FCX, US$44B mkt cap) has US$33M earn-in deal on Butte Valley porphyry for up to 80% (executed in October-2022) • Adjacent to ou
Slide 11: Limousine Butte – Resurrection Ridge Gold/Antimony Results
Limousine Butte – Resurrection Ridge Gold/Antimony Results 2025 gold-antimony results released at Resurrection Ridge Key Highlights Resurrection Ridge Plan Map • Near-surface, high-grade, oxide gold- antimony deposit with significant 2025 results • Large footprint of gold-antimony mineralization at
Slide 12: Limousine Butte – Bullet Zone Discovery – October
Limousine Butte – Bullet Zone Discovery – October 16 Discovery of high-grade oxide antimony in new gold-antimony Bullet Zone with 2025 step-out drilling • NAU discovered Bullet Zone to the east of Resurrection Resurrection Ridge Plan Map Ridge with +150 meter step-out – Significant expands gold-anti
Slide 13: Limousine Butte – Bullet Zone Discovery – October
Limousine Butte – Bullet Zone Discovery – October 16 Discovery of Bullet Zone below the older dolomite unit opens large untested areas at the Project Key Highlights Resurrection Ridge Cross Section • Two zones of mineralization intercepted (Upper Zone, Lower Zone) • Upper Zone (high-grade antimony)
Slide 14: Limousine Butte – New NevGold Geological Model
Limousine Butte – New NevGold Geological Model New geological models opens up large areas at the Project for mineralization expansion Resurrection Ridge Cross Section • NevGold spent the last 3-4 years updating the geological model at Limo Butte • Validating new NevGold geological model opens up lar
Slide 15: Limousine Butte – 2025 Metallurgical Testwork Summary
Limousine Butte – 2025 Metallurgical Testwork Summary • The focus of the 2025 metallurgical testwork program was to identify viable metallurgical flowsheet scenarios to recover both gold and antimony from the Project Resurrection • Two plus 20-kilogram composite samples of both drill Ridge core and
Slide 16: Limousine Butte – Summary of July 23, 2025 Testwork Results
Limousine Butte – Summary of July 23, 2025 Testwork Results • NAU has identified multiple viable process flowsheets to recover both the gold and antimony at Limo Butte: 1) Acid Leaching 2) Sulfidized Flotation 3) Gravity Flotation • All flowsheet scenarios will be advanced into the next stage of met
Slide 17: Limousine Butte – Metallurgical Testwork Flowsheet Scenarios
Limousine Butte – Metallurgical Testwork Flowsheet Scenarios Antimony Rich Primary and Secondary Sb Concentrate Gravity Separation Sulfide/Oxide Ore Crush (Sulfide) Oxide/Sulfide Ore Gold ore- low Sb Sulfurization Hydrometallurgy (add heat/sulfur) (Acid Leach) Crush Flotation Neutralization ROM Crus
Slide 18: Nutmeg Mountain
Nutmeg Mountain Asset Summary Project Summary (100% owned) Property Map • 1,724 hectares (17.2 km2): • 210 federal unpatented lode mining claims Property Size • 12 patented claims • 2 leases of private land • 80km NW of Boise on paved state highway (~1.5 hour drive); 20km east of Access town of Weis
Slide 19: Nutmeg Mountain – 2025 Mineral Resource Estimate
Nutmeg Mountain – 2025 Mineral Resource Estimate Significant upside potential to further unlock after completing 2025 MRE update • 2025 Mineral Resource Estimate base case at 0.20 g/t Au cut-off grade contains 1.2 Mozs Au Indicated and 550 kozs Au Inferred • Pit shell was calculated with US$2350/oz
Slide 20: Nutmeg Mountain – 2025 Mineral Resource Estimate
Nutmeg Mountain – 2025 Mineral Resource Estimate Near-surface, heap-leach gold deposit Key Highlights Nutmeg Mountain Sections1 • Near-surface, heap-leach gold deposit • Significant exploration upside potential laterally and at depth • Mineralization identified below $2350/oz pit- shell • High-grade
Slide 21: Nutmeg Mountain – Exploration & Resource Opportunities
Nutmeg Mountain – Exploration & Resource Opportunities Exploration and Resource Opportunities Plan View Claim Boundary • Many exploration opportunities along strike to the north and south that have not been tested by NAU or prior operators • High-grade feeder structure at depth remains key target •
Slide 22: Zeus Copper Project
Zeus Copper Project Zeus Copper Project is located in the emerging Hercules Copper Trend Key Highlights • NevGold staked the Zeus Copper Project in 2023/2024 on the emerging Hercules Copper Trend • District activity has increased significant since the October-2023 copper porphyry discovery made by H
Slide 23: Zeus Copper Project – District Geology Map
Zeus Copper Project – District Geology Map Zeus Copper Project has the same geological signatures as the Hercules Project Key Highlights • NevGold has secured some of the most strategic, prospective ground in the emerging Hercules Copper Trend • Zeus offers the same geological signatures as Hercules
Slide 24: Zeus Copper Project – 2025 Soil Survey Results
Zeus Copper Project – 2025 Soil Survey Results Identified large soil survey anomaly with 2 key targets defined at Poseidon and Thorn Springs Key Highlights • +2.4 km copper-gold-molybdenum soil geochemical anomaly identified at the Poseidon Target on Bureau of Land Management (“BLM”) ground • +1.0 k
Slide 25: Zeus Copper Project – Zeus vs. Hercules
Zeus Copper Project – Zeus vs. Hercules Many geological similarities exist between the Zeus Copper Project and Hercules Copper Project in the District… • Zeus has similar grade, mineralization footprint and geological signatures to the discovery made by Hercules Metals at the Hercules Project 25