Onyx Gold Corp. · TSXV:ONYX
Onyx Gold — Investor Presentation (August 2024)
26 slides from Onyx Gold's investor presentation, August 2024
Slide 1: A Golden Opportunity In Canada's Premier Gold Districts
TSXV ONYX OTCQX ONXGF A Golden Opportunity In Canada’s Premier Gold Districts Corporate Presentation August 2024
Slide 2: Forward Looking Statements
ONYX GOLD CORP | FORWARD LOOKING STATEMENTS Forward looking statements: This presentation contains certain “forward-looking information within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform
Slide 3: Investment Thesis
ONYX GOLD CORP | INVESTMENT THESIS DISCOVERY-FOCUSED EXPLORER IN TWO OF CANADA’S TOP GOLD JURISDICTIONS TIMMINS CAMP ONTARIO Massive Land Position in Canada’s #1 Gold Camp • Looking for green field discoveries in under explored claims in a brown field environment EASTERN TOMBSTONE GOLD BELT YUKON Ex
Slide 4: Meet the Team
ONYX GOLD CORP | MEET THE TEAM IAN BROCK COLTERJOHN DARWIN GREEN CUNNINGHAM-DUNLOP CONOR MCKINLEY NICOLE HOELLER ARIS MORFOPOULOS President & CEO Exec. Chairman Executive VP VP Exploration VP Communication CFO 12 years of experience in Entrepreneurial mining Seasoned mining 15 years of experience 25
Slide 5: Capitalization Structure & Shareholders
ONYX GOLD CORP | CAPITALIZATION STRUCTURE & SHAREHOLDERS TIGHT SHARESTRUCTURE WITH QUALITY SHAREHOLDERS Capitalization and Balance Sheet (C$) Shareholder Registry Shares Outstanding1 48.5M Warrants Outstanding1 7.1M 21% Gold Companies (including HighGold) Options Outstanding1 3.6M 35% Restricted Sha
Slide 6: Become the Go-To Explorer in Canada's Premier Mining District
ONYX GOLD CORP | BECOME THE GO-TO EXPLORER IN CANADA’S PREMIER MINING DISTRICT THREE YEARS CONSOLIDATING CLAIMS IN PRIME LOCATIONS AT THE RIGHT TIME IN THE MARKET Properties with legacy ownership – either staked decades ago and forgotten in trusts or in family companies without the funds to move for
Slide 7: Commanding >420km2 Land Position
ONYX GOLD CORP | COMMANDING >420km2 LAND POSITION FOCUSSED ON AMASSING LAND IN PRIME GEOLOGICAL REAL ESTATE WITH LITTLE TO NO WORK DONE IN DECADES DUE TO FRAGMENTED OWNERSHIP 7 TSXV ONYX OTCQX OXNGF 6
Slide 8: Abitibi Greenstone Belt – Canada's Gold Epicenter
ONYX GOLD CORP | ABITIBI GREENSTONE BELT – CANADA’S GOLD EPICENTER MORE THAN 90% OF CANADIAN GOLD PRODUCTION > 210 MILLION OUNCES PRODUCED Timmins Leads all Abitibi Camps in historical Gold Production 8 THE BEST PLACE TO LOOK FOR A NEW MINE IS NEAR AN OLD MINE TSXV ONYX OTCQX OXNGF 6
Slide 9: Timmins Is Mine Country
ONYX GOLD CORP | TIMMINS IS MINE COUNTRY WELL ESTABLISHED: POWER, INFRASTRUCTURE, SERVICES, PEOPLE, MILLS 9 TSXV ONYX OTCQX OXNGF 6
Slide 10: An Opportunity for Lower Risk Near Term Production
ONYX GOLD CORP | An Opportunity for Lower Risk Near Term Production Excess Milling Capacity Within 100km 16000 14000 Having a developed camp like Timmins with mills 12000 49% excess capacity looking for feed reduces: 10000 8000 ✓ Threshold of discovery 9% excess capacity ounces required; 21% excess
Slide 11: Munro-Croesus Property, Timmins
ONYX GOLD CORP | MUNRO-CROESUS PROPERTY, TIMMINS OPPORTUNITIES FOR BOTH HIGH-GRADE VEIN AND BULK TONNAGE DISCOVERIES TWO NEW DISCOVERIES MADE IN LAST YEAR FIRST EVER SYSTEMATIC EXPLORATION Munro-Croesus Project Gold Discoveries GM Vein: New high-grade vein discovery 350 m from the Croesus mine shaft
Slide 12: Croesus Style Targets, Munro-Croesus
ONYX GOLD CORP | CROESUS STYLE TARGETS, MUNRO-CROESUS NEW HIGH-GRADE VEIN DISCOVERED 350 M NW OF THE HISTORIC CROESUS MINE New Parallel Quartz Vein Discovery MC23-132 returned 0.9m of 121.9 g/t Au (3.55 opt) (true width), including 0.3m of 363.0 g/t Au (10.59 opt) (true width) - The single highest a
Slide 13: Munro-Croesus New Discovery
ONYX GOLD CORP | MUNRO-CROESUS NEW DISCOVERY HIGH-GRADE VEIN ~55 M VERTICAL DEPTH – REMAINS OPEN FOR EXPANSION Abundant Visible Gold in Drill Hole MC23-132 13 TSXV ONYX OTCQX OXNGF 9
Slide 14: Argus Zone, Munro-Croesus Property
ONYX GOLD CORP | ARGUS ZONE, MUNRO-CROESUS PROPERTY NEAR-SURFACE BULK-TONNAGE TARGET 3KM FROM THE HISTORIC CROESUS MINE 2022 Discovery Rapidly Grown To 750 m Strike and 200 m Width: • MC24-166: 63.3m of 0.99 g/t Au, incl. 17.4 m of 2.18 g/t Au and 29.0m of 0.83 g/t Au, incl. 8.2m of 2.42 g/t Au • MC
Slide 15: East Timmins Camp – Munro-Croesus Area
ONYX GOLD CORP | EAST TIMMINS CAMP – MUNRO-CROESUS AREA PROXIMAL TO EXISTING MINES AND DEVELOPMENT PROJECTS 15 TSXV ONYX OTCQX OXNGF 11
Slide 16: Golden Mile Property, Timmins
ONYX GOLD CORP | GOLDEN MILE PROPERTY, TIMMINS A SIGNIFICANT LAND PACKAGE WITH LITTLE TO NO EXPLORATION OVER DECADES Golden Mile Highlights Greenfields Discovery Opportunity • Opportunity in sight of >70 Moz past production in the Timmins Gold Camp • Northeastern projection of Giant Mine Corridor an
Slide 17: Recognition of a New Canadian Mining District
ONYX GOLD CORP | Recognition of a New Canadian Mining District SIGNIFICANT MINERAL DISCOVERIES IN PRECIOUS AND BASE METALS Yukon’s Selwyn Basin New Gold Discovery Opportunity • A new ‘high-grade’ Reduced Intrusive Related Gold environment emerging in Yukon’s Selwyn basin • Widespread gold mineraliza
Slide 18: Yukon Exploration Camp
ONYX GOLD CORP | ONYX GOLD YUKON EXPLORATION CAMP STRATEGICALLY LOCATED BESIDE THE NORTH CANOL ROAD TSXV ONYX OTCQX OXNGF 13
Slide 19: King Tut Property, Yukon
ONYX GOLD CORP | KING TUT PROPERTY, YUKON MULTIPLE HIGH-TENURE GOLD-IN-SOIL ANOMALIES ASSOCIATED WITH RIRGS Significant Discovery Potential In Yukon • 20 km long property covering multi-kilometer- long Gold-in-soil anomalies • Comparable setting to Snowline’s Valley Discovery • Golden Mask, WEAS, an
Slide 20: Golden Mask Target, King Tut Property
ONYX GOLD CORP | GOLDEN MASK TARGET, KING TUT PROPERTY APPROXIMATELY 50KM FROM SNOWLINE GOLD’S VALLEY RIRGS DISCOVERY Golden Mask Highlights • RIRGS target with comparable geological setting, age, and style to multi-million-ounce deposits within the Tombstone Gold Belt, including Ft. Knox (Kinross G
Slide 21: Golden Mask Target, King Tut Property
ONYX GOLD CORP | GOLDEN MASK TARGET, KING TUT PROPERTY INTRUSION SIGNATURE SIGNIFICANTLY LARGER THAN FIELD MAPPING New Airborne Mag Unveils Upside Potential • 1,692 line-km drone-based magnetic geophysical survey completed for the first time ever across the King Tut property • Results have increased
Slide 22: WEAS Acquisition, King Tut Property
ONYX GOLD CORP | WEAS ACQUISITION, KING TUT PROPERTY MULTI-KILOMETER LONG REDUCED INTRUSION RELATED GOLD TARGET WEAS Highlights • Multigenerational gold-bearing sheeted quartz veins within an exposed, 3 km by 2 km intrusion • Drilling in 1996 (five holes,1,280 m) at the Ann Mark Zone • 1.0 g/t Au ov
Slide 23: Sheeted Vein Look-Alikes
ONYX GOLD CORP | SHEETED VEIN LOOK-ALIKES TSXV ONYX OTCQX OXNGF 19
Slide 24: Main Tut Target, King Tut Property
ONYX GOLD CORP | MAIN TUT TARGET, KING TUT PROPERTY MULTI-KILOMETER LONG REDUCED INTRUSION RELATED GOLD TARGET Main Tut Highlights • Located 9 km east of Golden Mask • Gold-in-soil anomaly over 3.4 km trend associated with 50-100 m wide arcuate aplite dykes surrounding the northern side of a large q
Slide 25: Investment Thesis
ONYX GOLD CORP | INVESTMENT THESIS DISCOVERY-FOCUSED EXPLORER IN TWO OF CANADA’S TOP GOLD JURISDICTIONS Timmins Camp, Ontario The Go-To Explorer in Canada’s #1 Discovery Stage Feasibility Stage Mining Stage Gold Camp Highest risk/ Lowered risk/ Full Value reward reward Speculators Exit Relative Valu
Slide 26: Contact
Contact TSXV ONYX Brock Colterjohn, MBA, BSc President & CEO, Director OTCQX Nicole Hoeller OXNGF Vice-President, Communications Information@onyxgold.com