Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (November 2025)
26 slides from Mcfarlane Lake Mining's investor presentation, November 2025
Slide 1: Fast Tracking Gold Production in the Abitibi
FAST TRACKING GOLD PRODUCTION IN THE ABITIBI Positioned for significant resource growth and near-term value creation CORPORATE PRESENTATION | November 2025 CSE: MLM | OTCQB: MLMLF CSE: MLM | OTCQB: MLMLF |
Slide 2: Disclaimer
D I S CL A I M E R Cautionary Note Regarding Forward-Looking Statements not been verified by any independent source, and the Company has not independently verified any third-party information. While the Company believes such third party information to be generally reliable, such information and This
Slide 3: Our Vision and Our Mission
McFarlane Lake is a Canadian gold company advancing the large-scale Juby Gold Project in Ontario – a district-scale opportunity with multi-million-ounce growth potential and a clear path to production. O UR VISI ON O UR M ISSI ON To build the next Canadian gold producer by advancing To drive shareho
Slide 4: Juby: Developing a Multi-Million-Ounce Gold Project
JUBY Developing A Multi-Million-Ounce Gold Project on the Path to Production Large-scale, High-quality Gold System TIER-1 JURISDICTION, TIER-1 POTENTIAL Ontario’s Abitibi Belt offers premier infrastructure, clear permitting, and proximity to major producers. PROVEN LEADERSHIP & TRACK RECORD 1.01M oz
Slide 5: Significantly Undervalued Compared to Peers
S I GN I F I C A N T L Y U N D E R V A LU E D C O M P A R E D T O P E E R S COMPANY PROJECT MARKET CAP ($M)* EV ($M) RESOURCE (MOZ AU) MARKET CAP/OZ Juby Gold (Ontario) 34 45 4.18 8 Moss Gold 242 202 6.15 39 (Ontario) Fenn-Gib Gold 280 274 4.4 64 (Ontario) 287 Chibougamau** 294 3.54 83 Sold for $375
Slide 6: Leadership Team with Proven Development Expertise
Leadership Team with Proven Development Expertise EX EC UT IV E TEA M Mark Trevisiol Brad Boland Winston Whymark Andrew McLellan President, CEO, Chair of Board CFO, Corporate Secretary Manager Exploration Senior Geologist • 30+ years of experience in • 25+ years of experience in the • 15+ years of e
Slide 7: Board of Directors
Leadership Team with Proven Development Expertise BOARD OF DIRECTORS Perry Dellelce | Director Amanda Fullerton | Director Deborah Battiston | Director • Founder & Managing Partner, Wildeboer • VP, Legal & Corporate Secretary, GCM Mining • CPA, ICD.D with 35+ years of financial Dellelce LLP. Corp. a
Slide 8: Tier-1 Mining Jurisdiction: Ontario's Abitibi Region
ONTA RIO’S ABITIBI R EGION TEIR-1 MINING Timmins JURISDICTION WORLD-CLASS INFRASTRUCTURE JUBY Established roads, power, and skilled labour support year-round exploration and low-cost development. PROVEN GOLD BELT Over 200 million ounces of Temiskaming Shores historical production – one of the JUBY w
Slide 9: MLM Project Portfolio
MLM PROJECT PORTFOLIO Advancing a 100%-owned portfolio of gold assets in Canada ONTARIO Michaud/ Munro F LAG SHIP ASSET JUBY GOLD PROJECT Timmins JUBY PROJECT • Juby Deposit • Big Dome Deposit • Golden Lake Deposit • Hydro Creek Deposit Sudbury McMIllan/ Mongowan Additional Portfolio Assets Toronto
Slide 10: Juby: Project Snapshot
JU BY: PROJECT S NAPSHOT LOCATION Large-scale, near-surface gold system Near Gowganda, Ontario, within the Abitibi Greenstone Belt with flexible pathways to production OWNERSHIP 100% McFarlane Lake Mining Limited STAGE Resource Definition – Completed MRE GEOLOGICAL SETTING Archean-age Abitibi Belt –
Slide 11: Defined Gold Resources Provide a Strong Foundation for Growth
D EFINE D G OLD RE SOUR CES Detail Mineral Resource Estimate within pit shell + underground shapes Provide a Strong (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Foundation for Growth CUT-OFF GRADE TONNAGE GRADE CONTAINED METAL RESOURCES CONSTRAINTS (Au g
Slide 12: Rising Gold Prices Present Huge Value Opportunity
RISING G OLD PRICES Gold Price Sensitivities Present Huge (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Value Opportunity GOLD PRICE REVENUE FACTOR (RF) CLASSIFICATION CONSTRAINTS CUT-OFF GRADE (Au g/t) TONNAGE (tonnes) GRADE (Au g/t) CONTAINED METAL (Moz
Slide 13: High-Grade Open-Pit Potential: Starter Option
H IGH-GR ADE O PE N-PIT POT E NT IAL MORE GOLD | Conceptual HG Targets @ Juby Main Strategic open-pit starter option supports early production and cash flow generation RESOURCE CONTAINED METAL RESOURCE CONTAINED CUT-OFF AU G/T CUT-OFF AU G/T CLASSIFICATION AU OZ CLASSIFICATION METAL AU OZ Indicated
Slide 14: In Pit Mineralization + Outside Pit Mineralization
In Pit Mineralization + Outside Pit Mineralization HYD RO CR E E K LEGEND B I G DO ME Pit Shell Isoshell (Au g/t) G OL DE N L A KE >2.00 0.25 – 2.0 JUBY DRILLING HERE Significant Potential to add more ounces CSE: MLM | OTCQB: MLMLF | 14
Slide 15: Expanding Potential at Depth
EX PANDING P OTENTIAL AT D EPTH Open at depth with significant upside potential for continued resource growth. < 8.7 km > HYDRO CREE K BI G D OME GO L DEN L AKE JUBY 750m ~300 m 1 km Open at depth & along strike | 0.25 g/t Au cutoff Gold deposits that extend well below depths of 3,000m Our deepest k
Slide 16: Parallel Structures
MORE GOLD Parallel Structures A | 826 Zone 0.85 g/t Au over 36.30m B | Byberg Mining Lease B Grabs up to 7.54 g/t Au D C | Juby Mining Lease C Grabs up to 17.60 g/t Au PARALLEL STRUCTURES? A D | What is under the glacial sand and gravel? CSE: MLM | OTCQB: MLMLF | 16
Slide 17: Increasing Resources, Unlocking Value
I N C R E A S I N G R E S O U R C E S , U N LO C K I N G V A L U E Systematic drilling and data-driven targeting designed to expand the Juby resource and unlock the project’s full gold potential. STRA TEG Y STRA TEG Y STRA TEG Y Process Unsampled Drill core Exploration Drilling Infill & Expand • Pha
Slide 18: New Exploration Drill Targets
STRATEGIC EXPLORATION TARGETS New Exploration Drill Targets TARGET 1 TARGET 2 Juby East 2800m of strike length, under cover rocks 826 zone Hole JU-13-137 JUB Y D EPOSIT 0.9 gpt over 33.8m Inc (2.0 gpt over 8.8m) Looking North 1400m JUB Y D EPOSIT JU-13-137 Claim Boundary 2,800m Looking West Infill &
Slide 19: Positioned for Major Resource Growth
PO SI T IO N E D F OR M AJO R RE SO U RCE GR O WTH Juby’s size, geology, and setting provide the foundation for a multi-million-ounce expansion story. MRE GROWTH +10Moz POTENTIAL Potential Target 8Moz Sensitivity at $3,750 / oz Au +10.0M OZ AU 6Moz IND: 1.2 M Oz @ 0.94 g/t Au INF: 4.2 M Oz @ 0.85 g/
Slide 20: The Path to Production
T H E P A T H T O P R O D U CT I O N Disciplined, phased approach to development – focused on de-risking each stage and building long-term value. 2025 2026 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 • Acquisition and Updated NI • Phase 1 Infill & Exploration • Phase 2 Infill & Expansion • Complete Feasibilit
Slide 21: Community Engagement & Environmental Stewardship
CO MM UN I TY EN GA GEM EN T & E NV IR O N ME N TAL ST E WAR DSH I P FIRST NATIONS ENGAGEMENT EMPLOYMENT & TRAINING • Ongoing discussions to formalize Exploration • Prioritizing the employment of skilled First Agreements with local First Nations. Nations talent across exploration programs. • Commitm
Slide 22: Capital Structure
CAPIT AL ST RU CTURE CSE: MLM | OTC: MLMLF Share Price C$0.08 Market Capitalization C$33.5 million Shares Outstanding 419.0 million Warrants 102.0 million Options 59.1 million Fully Diluted 580.1 million Cash & Cash Eq. C$7 million Debt C$17.8 million CSE: MLM | OTCQB: MLMLF | 22
Slide 23: Why Invest: Positioned for Growth
W HY I N VE ST McFarlane Lake Mining | Positioned for Growth NEWLY ACQUIRED, TRANSFORMATIONAL ASSET +90% METALLURGICAL RECOVERIES 1 Recent acquisition of the Juby Gold Project positions McFarlane as the owner of a large-scale, NI 43-101– compliant gold resource in Ontario’s Tier-1 Abitibi Belt. 4 Co
Slide 24: Appendix
APPENDIX CSE: MLM | OTCQB: MLMLF | 24
Slide 25: Notes to MRE for Tables 1 & 2
NOT ES TO MRE FO R TAB LES 1 & 2 Note 1: Mineral Resource Statement Notes 7. The 0.25 g/t Au cut-off for OP and the 1.85 g/t Au cut-off for UG used for reporting is based on the following: 1. CIM definition standards were followed for the resource estimate. a. Long term Gold price of US$2,500/oz b.
Slide 26: Contact Us
CONTA CT U S Mark Trevisiol, CEO mtrevisiol@mcfarlanelakemining.com Investor Relations investors@mcfarlanelakemining.com CSE: MLM | OTCQB: MLMLF CSE: MLM | OTCQB: MLMLF |
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