Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (May 2021)
21 slides from Mayfair Gold's investor presentation, May 2021
Slide 1: Mayfair Gold May 2021
MAYFAIRGOLD AY 2021
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 bel
Slide 3: Cautionary Statement - National Instrument 43-101
CAUTIONARY STATEMENT National Instrument 43-101 Technical and scientific information contained herein relating to the Fenn-Gib Project is derived from the technical report (“Technical Report”) dated February 19, 2021, prepared by JDS Energy and Mining Inc. Technical and scientific information contai
Slide 4: Investment Case
INVESTMENT CASE Located in the Preferred Mining Jurisdiction of Timmins, Ontario ▪ Canada’s largest gold mining district ▪ Clear permitting process with supportive communities, government and other local stakeholders High-Quality Asset with Notable Deposit Potential ▪ 2.08 Moz indicated + 0.075 Moz
Slide 5: Leadership
LEADERSHIP Management Board of Directors Patrick Evans, CEO Harry Pokrandt, Chairman ▪ 20+ years of senior management experience at public mining ▪ 30+ years of capital markets experience companies that have discovered, developed and operated ▪ Former MD, Macquarie Capital Advisors, Mining mines acr
Slide 6: Canada's Largest Gold Mining District
CANADA’S LARGEST GOLD MINING DISTRICT Located in Canada’s premier gold mining Fenn-Gib district – Timmins, ON ➢ Timmins Gold Camp alone has produced >70 Moz of gold over the last 100 years ➢ Excellent infrastructure ➢ Skilled labor pool ➢ Stable permitting jurisdiction ➢ Supportive local stakeholder
Slide 7: Regional Producers
REGIONAL PRODUCERS Rare, large exploration project with significant upside, surrounded by cash rich producers looking for growth ➢ On August 17, 2020, Newmont and Kirkland Lake entered into a US$75M strategic alliance agreement to jointly assess regional exploration opportunities around Newmont’s Ti
Slide 8: Fenn-Gib Project Recent History
FENN-GIB PROJECT RECENT HISTORY 2000 2011 2017 2020 Acquired by Barrick Lake Shore Gold Tahoe Resources Acquired by in takeover of purchased asset from completes 37,000m Mayfair Gold Pangea Goldfields Barrick for C$60M drill program (Gold at ~$1,500/oz) 1994 April 2016 November 2016 2019 Acquired by
Slide 9: Project Overview
PROJECT OVERVIEW Ownership ▪ Mayfair acquired 100% of the Fenn-Gib Project from Pan American Silver for US$11M in cash and 1% royalty Location ▪ 80 km East of Timmins ▪ ~4,800 ha land package ▪ Exploration office in Matheson, ON Infrastructure ▪ Next to Highway 101 and grid power. Substantial local
Slide 10: Geology, Metallurgy & Resources
GEOLOGY, METALLURGY & RESOURCES 2.08 Moz Indicated + 0.075 Moz Inferred Resource Tonnes Au Grade Au ➢ 70 Mt @ 0.921 g/t Au indicated (Mt) (g/t) (koz) ➢ 4 Mt @ 0.618 g/t Au inferred Indicated 70 0.921 2,080 ➢ Open-pit resource estimate ➢ Disseminated mineralization from surface Inferred 4 0.618 75 Re
Slide 11: Pit Optimization Assumptions
PIT OPTIMIZATION ASSUMPTIONS Gold price US$1,700/oz Net rock value US$50/tonne Total Opex US$23/tonne Projected Margin US$27/tonne (54%) Fenn Gibb Deposit Long-section Showing Gold Grades and Expansion Potential 10 TSX.V: MFG
Slide 12: Resource Upside
RESOURCE UPSIDE ➢ Pit-constrained resource remains open at depth and along strike in all directions ➢ Potential to expand pit shell beyond current limits ➢ Near-term resource update ➢ Multiple regional expansion targets identified within land package Fenn Gibb Deposit Long-section Showing Gold Grade
Slide 13: Resource Upside
RESOURCE UPSIDE Three step plan to increase current First Mine resource from 2.15Moz to +3Moz Step 1: In and below current conceptual pit ➢ Infill drilling at 25 – 50m spacing ➢ Reinterpretation of mineralized solids to incorporate additional tonnage from recent drilling Fenn Gibb Deposit Long-secti
Slide 14: Resource Upside
RESOURCE UPSIDE Step 2: Underground ➢ Underground tonnage excluded from updated NI 43-101 (est. 200,000 oz) due to rule change requiring conceptual underground mine plan ➢ Potential for substantial additional underground tonnage not previously included in resource estimates – #1 adjacent - 179.9m @
Slide 15: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS 14 TSX.V: MFG
Slide 16: Discount to Peers
DISCOUNT TO PEERS $263 $224 EV / AuEq M&I&I $136 (US$ / oz) As of January 14, 2021 $126 $124 $94 Peer Average: $91 $86 $76 $69 (1) $65 $61 $61 (1) $56 $54 $53 $47 $44 $38 $38 $16 Battle Liberty Marathon Osisko Skeena Sabina Ascot Treasury Corvus Wallbridge Freegold Midas Great Artemis Maple Probe In
Slide 17: 2021 Plan
2021 PLAN ➢ 50,000m infill and expansion drilling at First Deposit: Goal: grow resource from 2.15M to +3M ounces ➢ Airborne mag survey over North and South Blocks: completed, results expected by end April ➢ Regional exploration drill program outside First Deposit (meterage to be determined) ➢ Enviro
Slide 18: Capital Structure & Use of Proceeds
CAPITAL STRUCTURE & USE OF PROCEEDS Capital Structure Free-Trading Shares: Post-IPO(1) Shares Outstanding 76.65M Options 3.85M 12% Warrants Nil IPO Fully Diluted 80.50M 4% Shareholders Market Cap ~C$142M C$0.47 Round Shareholders Insiders ~29% 84% Locked-Up Cash Shareholders Pre-IPO C$ 2.0M IPO (net
Slide 19: Key Highlights
KEY HIGHLIGHTS Premier Proven Jurisdiction Management Quality Attractive Scale Value Blue Sky Upside 18 TSX.V: MFG
Slide 20: Strategic Opportunities
STRATEGIC OPPORTUNITIES 19 TSX.V: MFG
Slide 21: Mayfair Gold Corp.
MAYFAIR GOLD CORP. TSX.V: MFG Contact: Patrick Evans, President and CEO Tel: (416) 670-5114 Email: patrick@mayfairgold.ca www.mayfairgold.ca 20 TSX.V: MFG