Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (February 2024)
22 slides from Fury Gold Mines's investor presentation, February 2024
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation February 2024
Slide 2: Introductory Information
Introductory Information Cautionary Notes This corporate presentation is intended to provide readers with an overview of Fury Gold Mines Limited (the “Company”). The Company has made reasonable efforts to ensure that the information contained in this presentation is current as of February 20, 2024,
Slide 3: Technical and Scientific Information
Technical and Scientific Information The scientific and technical information included herein has been largely derived from the following technical reports prepared in accordance with NI 43-101: (a) the technical report entitled “Technical Report On The Eau Claire Project Quebec, Canada" dated Augus
Slide 4: Why Own Fury Gold Mines
Why Own Fury Gold Mines Leverage to Gold Price Achieved through ownership of a single junior equity name One of Strongest Financial Positions in the Sector Strong balance sheet with C$6.5M cash in treasury and approximately C$44.7M held in equity Experienced Management Team Proven operational excell
Slide 5: High-Grade Gold Portfolio in Low-Risk Jurisdictions
High-Grade Gold Portfolio in Low-Risk Jurisdictions Geographically Positioned for Upcoming Consolidation Committee Bay Nunavut , MRE ‘23 Ind2: 524,000 oz at 7.85g/t Au Éléonore South Inf2: 720,000 oz at 7.64 g/t Au Quebec Exploration stage Eau Claire Quebec, MRE ‘23 M&I1: 808,000 oz at 6.65 g/t Au I
Slide 6: Meaningful Ownership Position in Dolly Varden Silver
Meaningful Ownership Position in Dolly Varden Silver Financial Flexibility Gained Through the Sale of Homestake Ridge Indirect Exposure to BC’s Golden Triangle Fury owns 59.5M shares currently valued at C$42.8M* Dolly Varden Ownership (Approximate): ▪ Institutional (47%) ▪ Fury Gold Mines (22%) ▪ Er
Slide 7: Éléonore South JV
Éléonore South JV Fury to purchase Newmont's 49% for C$3M, increasing Fury's ownership to 100% interest of Éléonore South JV Completion of the purchase is expected to close in early March 2024 TSX | NYSE-A: FURY furygoldmines.com | 7
Slide 8: Éléonore South – 100% Ownership
Éléonore South – 100% Ownership Highly Prospective Early-Stage Gold Exploration Large scale high-grade untested gold in till anomalies ripe for new discovery Two distinct styles of mineralization identified to date TSX | NYSE-A: FURY furygoldmines.com | 8
Slide 9: Road Accessible High-Grade Gold Resource
Road Accessible High-Grade Gold Resource Eeyou Istchee James Bay Region of Quebec World-class Hydro Roads Airports government support for Power mining TSX | NYSE-A: FURY furygoldmines.com | 9
Slide 10: Eau Claire – Multiple Targets Identified
Eau Claire – Multiple Targets Identified Pipeline Approach to Early-Stage Development Eau Claire Deposit remains open along strike and down dip Open high-grade gold mineralization at Percival Prospect Multiple untested anomalies at Percival, Lac Clarkie and along the Cannard Deformation Zone TSX | N
Slide 11: Eau Claire – Resource is Open in All Directions
Eau Claire – Resource is Open in All Directions Resources3: • M&I: 808k oz at 6.65 g/t Au 3. See Eau Claire NI43-101 report “Technical Report On The Eau Claire Project • Inf: 458k oz at 7.48 g/t Au Quebec, Canada” dated August 30, 2023 filed under Fury’s profile on SEDAR+. Cut-off grade 0.5 g/t Au o
Slide 12: Percival Prospect – Significant Potential for Discovery
Percival Prospect – Significant Potential for Discovery TSX | NYSE-A: FURY furygoldmines.com | 12
Slide 13: Anomalies Identified Along Percival Trend
Anomalies Identified Along Percival Trend Untested Geochemical Targets Across 6km 14 biogeochemical anomalies remain untested along the Percival trend Matching geophysical, geochemical and structural signatures of Eau Claire and Percival All anomalies reside within one mile of the Cannard Deformatio
Slide 14: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 100% ownership of a 300 km greenstone belt (over 250,000 ha.) Significant resource expansion potential for large discovery C$100M historically invested plus C$60M invested by Fury TSX | NYSE-A: FURY f
Slide 15: Maintaining the Highest Standards of Environmental Protection and Community Engagement
Maintaining the Highest Standards of Environmental Protection and Community Engagement Environment What Digbee says about us ▪ Stewardship training for project contractors, drillers ▪ Initiating environmental base lines studies at Eau Claire ▪ Renewable energy – Hydro QC EM1 power station 18km away
Slide 16: Corporate Overview
Corporate Overview Capital Structure Ownership (As of October 3, 2023) Retail 56% MARKET CAP CASH Close Associates / High Net Worth 24% (February 20, 2024) (February 20, 2024) C$66.9M C$6.5M Institutional 12% Newmont 6% SHARES FULLY Management & Directors 2% OUTSTANDING DILUTED 145.5M 163.0M Analyst
Slide 17: Major Achievements & Stock Performance
Major Achievements & Stock Performance Strong Correlation with Gold Price and Global Junior Gold Miners Index TSX | NYSE-A: FURY furygoldmines.com | 17
Slide 18: Near-Term Catalysts
Near-Term Catalysts Éléonore South project purchase announced February 26, 2024 Results pending from geochemical studies at Éléonore South Final 2023 drill results - 5 drill holes from the Percival Prospect 2024 exploration program Eau Claire mineral resource update expected early Q2 TSX | NYSE-A: F
Slide 19: Appendix
FURY APPENDIX
Slide 20: Committee Bay – Large-Scale Exploration in Nunavut
Committee Bay – Large-Scale Exploration in Nunavut A Unique Opportunity with World Class Discovery Potential Drilled Three Bluffs deposit extension conductor target Current targeting focused on the emerging importance of shear zones Advanced Exploration Belt-wide geochem and geophysics complete Logi
Slide 21: Experienced and Balanced Management Team
Experienced and Balanced Management Team Management Team TIM CLARK PHIL VAN STADEN BRYAN ATKINSON CEO & Director CFO SVP, Exploration Independent Directors BRIAN CHRISTIE JEFFREY MASON MICHAEL HOFFMAN Chair of the Board Former CEO of Great Former VP Projects of Goldcorp Former VP of Investor Relatio
Slide 22: Contact Information
Contact Information +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com
Fury Gold Mines — Investor Presentation (February 2024) on 6ix