Nevgold Corp · TSXV:NAU
Nevgold — Investor Presentation (June 2025)
20 slides from Nevgold's investor presentation, June 2025
Slide 1: Corporate Presentation
Corporate Presentation (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) June 2025 – Post C$6M Financing Finding and Growing the next multi-million-ounce resource base in Nevada and Idaho Right Team, Right Place, Right Time, Right Way Brandon Bonifacio, President & CEO: bbonifacio@nev-gold.com, 604-337-4997
Slide 2: Capital Structure
Capital Structure Capital Structure & Share Ownership Updated Shareholder Registry – June 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$40.0M Cash Balance (May 31, 2025) C$5.0M Enterprise Value
Slide 3: 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 4: 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 5: 2025 Work Program – Fully Financed After C$6M Financing
2025 Work Program – Fully Financed After C$6M Financing NevGold has significant news flow and milestones over 2025 driving a valuation re-rate Limo Butte Zeus - Re-assay 20 holes Nutmeg Mtn. - Soil Survey - Met Testwork - ~2km drilling - Geophysics - ~5km drilling - MRE - 1st Phase - Planned MRE Exp
Slide 6: Project Benchmarking – Heap-Leach Grade & Strip Ratio
Project Benchmarking – Heap-Leach Grade & Strip Ratio • 2023 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 7: Market Valuation Comparables – The Roadmap
Market Valuation Comparables – THE ROADMAP • Market comparable group trades at average EV/Resource multiple of ~C$60/oz Au1 • NevGold completed 2023 MRE at Nutmeg Mountain → immediate re-rate potential ➢ By Q4-2025, i) advance Limo Butte to Initial gold-antimony MRE, ii) Update MRE at Nutmeg Mountai
Slide 8: 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 9: Limousine Butte – Newly Defined Gold/Antimony Footprint
Limousine Butte – Newly Defined Gold/Antimony Footprint NAU discovered large gold-antimony footprint in 2025 • NAU discovered large gold-antimony footprint at Limo Butte in Q1-2025 • Started releasing gold-antimony results in February 2025 (over 20 holes release today, with +30 holes remaining) Resu
Slide 10: 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 R
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 Cross Section • Thick intercepts of high-grade, oxide gold-antimony • Mineralization is near surface and starts ~20m below surface • Strong correlati
Slide 12: Limousine Butte – Resurrection Ridge Gold/Antimony Results
Limousine Butte – Resurrection Ridge Gold/Antimony Results 2025 gold-antimony results released at Resurrection Ridge + Equivalent Grade Impact Hole ID Length, m g/t Au % Sb g/t AuEq** From, m To, m LB-006 86.9 1.11 0.30% 2.46 36.6 123.4 including 12.8 1.83 0.87% 5.75 79.2 92.0 also including 6.7 2.2
Slide 13: Limousine Butte - Conceptual Gold-Antimony Flowsheet
Limousine Butte - Conceptual Gold-Antimony Flowsheet Antimony Rich Primary and Secondary Sb Concentrate Gravity Separation Sulfide/Oxide Ore Crush (Sulfide) Oxide/Sulfide Ore Gold ore- low Sb Sulfurization Hydrometallurgy Roasting Crush Flotation ROM Crushed Ore Leach Pad Agglomeration Tails Sb Conc
Slide 14: Nutmeg Mountain Asset Summary
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 15: Nutmeg Mountain – 2023 Mineral Resource Estimate
Nutmeg Mountain – 2023 Mineral Resource Estimate Significant upside potential to further unlock after completing 2023 MRE • 2023 Mineral Resource Estimate base case at 0.30 g/t Au cut-off grade contains 1.01Mozs Au Indicated and 275kozs Au Inferred • Pit shell was calculated with US$1750/oz Au • Con
Slide 16: Nutmeg Mountain – 2023 Mineral Resource Estimate
Nutmeg Mountain – 2023 Mineral Resource Estimate Near-surface, high heap-leach grade gold deposit Key Highlights Nutmeg Mountain Sections1 • Near-surface, high heap-leach grade gold deposit • Significant exploration upside potential laterally and at depth • Mineralization identified below $1750/oz p
Slide 17: 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 18: 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 19: 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 20: 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 20