Nevgold Corp · TSXV:NAU
Nevgold — Investor Presentation (April 2025)
26 slides from Nevgold's investor presentation, April 2025
Slide 1: Corporate Presentation
Corporate Presentation (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) April 2025 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: 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 3: 2025 Work Program
2025 Work Program 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 for Gold/Antimony - ~5km drilling - Geophysics - ~5km drilling - MRE - 1st Phase - Planned MRE Exploration Drilling Q1-2025 Q2-2025
Slide 4: 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 5: Market Valuation Comparables – The Roadmap
Market Valuation Comparables – THE ROADMAP • Market comparable group trades at average EV/Resource multiple of ~C$63/oz Au1 • NevGold completed 2023 MRE at Nutmeg Mountain → immediate re-rate potential • Further drilling will be focused on potential resource expansion $600.0 $250.0 NevGold Resource
Slide 6: Capital Structure
Capital Structure Capital Structure & Share Ownership Updated Shareholder Registry – April 2025 Total Issued and Outstanding 94,248,051 Options1 8,525,000 Warrants 2 5,135,375 Total Fully Diluted 107,908,426 Market Capitalization (Basic)3 C$33.0M Cash Balance (January 31, 2025) C$1.5M Enterprise Val
Slide 7: Limousine Butte – Gold (Au) + Antimony (Sb)
Limousine Butte – Gold (Au) + Antimony (Sb) Asset Summary Project Summary (100%-owned) Property Map • 771 unpatented mining claims on BLM ground covering ~65 km2 north of Ely, Property Size Nevada • ~104 km north-northwest of Ely Access • Via paved state highway (85 km) and county-maintained gravel
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 2025 • Started releasing gold-antimony results in February 2025 • NAU will continue re-evaluating historical drilling from the
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 • 2025 results include: • LIM-40: 4.07 g/t AuEq* over 54.9 meters (1.20 g/t Au and 0
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 Section • Thick intercepts of high-grade, oxide gold-antimony • Mineralization is near surface and starts ~20m below surface • Strong c
Slide 12: Limousine Butte – Resurrection Ridge Gold/Antimony Results
Limousine Butte – Resurrection Ridge Gold/Antimony Results 2025 gold-antimony results released at Resurrection Ridge 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 2.29 +1%* 6.77 85.3 92.0 LB-0
Slide 13: Nutmeg Mountain – Heap Leach Gold (Au)
Nutmeg Mountain – Heap Leach Gold (Au) 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
Slide 14: 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 15: 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 16: 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 17: Zeus Copper Project – District Map
Zeus Copper Project – District Map Newly staked Zeus Copper Project in the Hercules Copper Trend Key Highlights Washington County, Idaho, District Map • NevGold has secured some of the most strategic ground in the emerging Hercules Copper Trend • Zeus offers the same geological signatures as Hercule
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 • Zeus has the same geological signatures as the Hercules Metals discovery at the Hercules Project which is ~20km northeast of Zeus • Triassic age plutons, the lik
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
Slide 21: 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 22: Appendix
Appendix NEVGOLD
Slide 23: Limousine Butte – Resurrection and Cadillac Target Areas
Limousine Butte – Resurrection and Cadillac Target Areas Unlocking two key target areas within district-scale project in Nevada Key Highlights Plan View of Resurrection Ridge and Cadillac Valley • Drilling completed at both target areas in 2022 Resurrection Ridge • Distance of +2km’s between Resurre
Slide 24: Limousine Butte – Resurrection Ridge
Limousine Butte – Resurrection Ridge 2022 drill results released at Resurrection Ridge Key Highlights Resurrection Ridge Cross Section • Near-surface, high-grade, oxide gold deposit X X’ • Average thickness of holes at RR is ~65 meters • 2022 drill results include: • 61.6m @ 2.19 g/t Au oxide • Incl
Slide 25: Limousine Butte – Cadillac Valley
Limousine Butte – Cadillac Valley 2022 drill results released at Cadillac Valley Key Highlights Cadillac Valley Long Section • Thick intercepts of high-grade, oxide gold • Average thickness of holes drilled is ~90 meters • 175.2m @ 0.86 g/t Au oxide B B’ • Including 58.2m @ 2.13 g/t Au oxide • Also
Slide 26: Transaction Terms – Option Agreement with GoldMining
Transaction Terms – Option Agreement with GoldMining Favorable transaction terms creating a partnership and long-term commitment with GoldMining Inc. (Green=Completed) • C$3.0M in equity at 30-day volume weighted average price of C$0.675=4,444,444 shares • C$1.5M in equity or cash on January 1, 2023