Gold X2 Mining Inc. · TSXV:AUXX
Gold X2 Mining — Investor Presentation (July 2021)
24 slides from Gold X2 Mining's investor presentation, Jul 27, 2021
Slide 1: Delivering a Generational Gold Project in the Heart of Canada
DELIVERING A GENERATIONAL GOLD PROJECT IN THE HEART OF CANADA CORPORATE PRESENTATION – SEPTEMBER 2026 NYSE:AUXX | TSXV:AUXX | FRA:DF80
Slide 2: Disclaimers
NYSE:AUXX | TSXV:AUXX | FRA:DF80 2 DISCLAIMERS Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: fluctuations in metals prices, price of co
Slide 3: Disclaimers
NYSE:AUXX | TSXV:AUXX | FRA:DF80 3 DISCLAIMERS Qualified Person Mineral Resource Estimate Disclosure Peter Flindell, VP Exploration, is the Qualified Person as defined by NI 43-101, and has prepared and The Mineral Resource Estimate for the Moss Gold Project was prepared by Mr. Dominic Lussier, P.Ge
Slide 4: Gold X2 at a Glance
NYSE:AUXX | TSXV:AUXX | FRA:DF80 4 | GOLD X2 AT A GLANCE Robust Economics with Strong PEA PEA a Base Case with attractive economics, significant leverage gold prices, optimization upside and extensive growth optionality High-Quality Mineral Resource Estimate Moss Deposit* PEA HIGHLIGHTS** US$2,750/O
Slide 5: Management and Board of Directors
NYSE:AUXX | TSXV:AUXX | FRA:DF80 5 | THE TEAM MANAGEMENT BOARD OF DIRECTORS Michael Henrichsen ● Structural geologist and led the Torq technical team CEO & Director ● Previously the global structural geologist at Newmont, Tom Obradovich | Chairman where his contributions significantly increased the
Slide 6: Capital Structure
NYSE:AUXX | TSXV:AUXX | FRA:DF80 6 | GOLD X2 CAPITAL STRUCTURE STRATEGIC PARTNERSHIPS 101,110,094 16.6% PARTNER CAPITAL FROM MEMBERS Basic Shares Outstanding ² RSU ² 1,510,000 5,111,383 9.9% ² Options Warrants ² 4,035,316 FDS Pro-Forma ² 111,766,793 4.0% Share Price ¹ $8.15 Market Capitalization ¹ $
Slide 7: Infrastructure in Place to Support a District Scale Mining Camp
NYSE:AUXX | TSXV:AUXX | FRA:DF80 7 INFRASTRUCTURE IN-PLACE RAIL 20 km TO SUPPORT A DISTRICT Direct access for heavy equipment GRID SCALE MINING CAMP & machinery POWER 11¢ / kWh power at HIGHWAY HILLCREST PROJECT project site Maintained road with direct access to Trans-Canada THUNDER BAY Highway 11 O
Slide 8: PEA Highlights
NYSE:AUXX | TSXV:AUXX | FRA:DF80 8 | PEA HIGHLIGHTS $7.5B SUMMARY OF PROJECT ECONOMICS $8B NPV $7B After Tax After-tax NPV (5%) Base Case Base Case Consensus Upside Case Metrics US $2,750 US $3,611 US $5,000 $6B Total Ore Tones Mined 138,982 $5B $4.0B $4.2B Mill Feed Daily Production 30,137 NPV NPV
Slide 9: Refined Geological Model Focused on Higher-Confidence Resource
NYSE:AUXX | TSXV:AUXX | FRA:DF80 9 Mineral resources that are not mineral reserves | MRE do not have demonstrated economic viability. KEY CHANGES WITH NEW MRE REFINED GEOLOGICAL MODEL FOCUSED ON Underground ounces HIGHER-CONFIDENCE RESOURCE excluded from resource model Inferred spacing tightened 202
Slide 10: Drilling for Transformation: 160,000m to Reshape the Resource
NYSE:AUXX | TSXV:AUXX | FRA:DF80 10 | DRILLING FOR TRANSFORMATION: 160,000M TO MOSS DEPOSIT RESHAPE THE RESOURCE PROJECT DEVELOPMENT PIT EXPANSION NORTH COLDSTREAM 72,000m 63,000m infill & Geotech drilling drilling below pit 63,000m Targeting extensions below & adjacent to current RPEEE pit and on n
Slide 11: Moss Resource Has Potential for Resource Increase Based on Intercepts at Depth
NYSE:AUXX | TSXV:AUXX | FRA:DF80 11 | SIZE & SCALE MOSS RESOURCE HAS POTENTIAL FOR RESOURCE INCREASE BASED ON MINERALIZED INTERCEPTS AT DEPTH SW SOUTHWEST ZONE MAIN ZONE QES ZONE NE 3.6 km 500mRL 25-30% VOLUME INCREASE IN SECONDARY SHEARS RPEEE shell ($2,200) 28.0m of 1.53 g/t Au 26.0m of 1.92 g/t A
Slide 12: PEA Demonstrates a Top 10 Producing Gold Mine Potential in Canada
NYSE:AUXX | TSXV:AUXX | FRA:DF80 12 | PEA POTENTIAL TO BE A PEA DEMONSTRATES TOP 10 A BASE CASE WITH PRODUCING GOLD MINE POTENTIAL TO EXPAND* IN CANADA (1) (4) 26 YEAR LOM 13 YEAR LOM 19 YEAR LOM 18 YEAR 26 YEAR LOM 13 YEAR LOM 24 YEAR LOM LOM (3) (5) (6) Source: Corporate disclosure; S&P Capital IQ
Slide 13: District Exploration Has Defined Two Major Trends
NYSE:AUXX | TSXV:AUXX | FRA:DF80 13 | EXPLORATION UPSIDE GOLD-RICH NORTH COLDSTREAM VMS POTENTIAL COPPER VMS MINE DISTRICT EXPLORATION EAST COLDSTREAM HAS DEFINED TWO DEPOSIT MAJOR TRENDS MOSS DEPOSIT SPAN ARDEEN GOLD MINE QES nd MOSS TREND deen Tre MOSS NOSE EXTENSION Ar DEATY TREND BUNKER OPEN TO
Slide 14: Star Lake Is the 3rd Major Gold-in-Till Anomaly in the Region
NYSE:AUXX | TSXV:AUXX | FRA:DF80 14 | RECENT ACQUISITION 20km STAR LAKE IS THE 3RD MAJOR GOLD-IN-TILL ANOMALY IN THE REGION DISTRICT SCALE LAND PACKAGE HILLCREST PROJECT DELTA-1 EUREKA GOLD DISCOVERY 48,445 Total Hectares GOLD X2 MOSS GOLD PROJECT STAR LAKE PROJECT ARDEEN KEKEK STAR LAKE NEW ACQUISI
Slide 15: Base Case Illustrates Large-Scale Gold Production
NYSE:AUXX | TSXV:AUXX | FRA:DF80 15 | PEA 265,000 oz/yr LOM Average Annual Gold BASE CASE ILLUSTRATES 374,000 oz/yr LOM Average Annual Silver LARGE-SCALE GOLD PRODUCTION 269,000 oz/yr LOM Average Annual AuEq1 Stockpile strategy not yet optimized: Potential for higher grade throughput in early years
Slide 16: PEA Base Case - Strong Margins and Free Cash Flow Generation
NYSE:AUXX | TSXV:AUXX | FRA:DF80 16 | PEA PEA BASE CASE - STRONG MARGINS AND FREE CASH FLOW GENERATION ** INITIAL CAPEX $2,001M CAD ($1,493M USD) $11.750B CAD Cumulative After-Tax Annual Free Cash Flow (C$mm) Project FCF @ Upside Case $4.035B CAD Cumulative After-Tax Project FCF @ Base Case Base Cas
Slide 17: Capital Cost Breakdown
NYSE:AUXX | TSXV:AUXX | FRA:DF80 17 | DETAILED CAPEX BREAKDOWN COMPREHENSIVE COST ESTIMATION METHODOLOGY CAPITAL COST BREAKDOWN Capex estimates Potential to reduce benchmarked to upfront capital costs Greenstone construction through financing INITIAL CAPEX $2,001M CAD (US$1,493M) (managed by G-Minin
Slide 18: Expanded Case: Enter Feasibility/Impact Assessment in Q1 '28
NYSE:AUXX | TSXV:AUXX | FRA:DF80 18 | PROJECT SCHEDULE EXPANDED CASE: ENTER FEASIBILITY/IMPACT ASSESSMENT IN Q1 ’28 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Q1 2028 Q2 2028 Resource Growth & Definition RESOURCE GROWTH & DEFINITION Grow District Mineral Resource through greenfi
Slide 19: Ticking All the Boxes
NYSE:AUXX | TSXV:AUXX | FRA:DF80 19 | RE-RATING POTENTIAL TICKING ALL THE BOXES P/NAV VALUATION VS. INDUSTRY CONSENSUS AVERAGES 123 1.37x TIER 1 ASSET POTENTIAL Project Base Case Scenario has potential to improve 1.21x through mine life extensions, improve metallurgical recoveries, and optimized min
Slide 20: Entering Phase 2 of Value Creation
NYSE:AUXX | TSXV:AUXX | FRA:DF80 20 | NEAR-TERM CATALYSTS ENTERING PHASE 2 OF VALUE CREATION 1 Source: Consensus Estimates CIBC Capital Markets PHASE 1 – LAST 12 MONTHS PHASE 2 – NEXT 24 MONTHS Jan 2026 Jan 2026 Aug 2026 Sep 2026 Q1 – Q4 2026 Q1 – Q4 2026 Q1 2027 Q4 2027 Q1 2028 PEA STRATEGIC NYSE G
Slide 21: For More Information, Please Contact
NYSE:AUXX | TSXV:AUXX | FRA:DF80 FOR MORE INFORMATION, PLEASE CONTACT Michael Henrichsen CEO & Director info@goldx2.com Gold X2 Mining Inc. 450 Commerce Place, 400 Burrard Street, Vancouver, BC, V6C 3A6 GoldX2.com
Slide 22: Moss Gold Project Open Pit Mineral Resource Estimate
NYSE:AUXX | TSXV:AUXX | FRA:DF80 22 PRODUCED BY: | APPENDIX Notes to the Mineral Resource statement: MOSS GOLD PROJECT OPEN PIT 1. The mineral resources described above have been prepared in accordance with the CIM Standards (Canadian Institute of Mining, Metallurgy and Petroleum, 2014) and follow B
Slide 23: PEA Crushers, SAG & Ball Mills Process Flow Diagram
NYSE:AUXX | TSXV:AUXX | FRA:DF80 23 | PEA CRUSHERS SAG & BALL MILLS PAPER SIZE FORMAT : A1 LEGEND SECONDARY CRUSHER DISCHARGE CONVEYORS 1 PRIMARY PEBBLE RECYCLE PRIMARY CYCLONE 1 INTERMITTENT SECONDARY CRUSHER CONVEYOR CLUSTER FUTURE Conventional DISCHARGE CONVEYORS 2 SAG MILL DISCHARGE SECONDARY CR
Slide 24: $115.89 Million Strategic Financing
NYSE:AUXX | TSXV:AUXX | FRA:DF80 24 | OVERVIEW: STRATEGIC FINANCING $115.89 MILLION STRATEGIC FINANCING CAPITALIZED FOR SIGNIFICANT NEAR-TERM VALUE CREATION Partnership with • $72,738,301 Charity Flow-Through Funds Tier 1 Global Major • Pro-Forma 9.9% Shares Outstanding Technical Committee • Investo