Nevgold Corp · TSXV:NAU
Nevgold — Investor Presentation (May 2024)
21 slides from Nevgold's investor presentation, May 2024
Slide 1: Corporate Presentation
Corporate Presentation (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) May 2024 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 deposit with Historical 2009 Resource1: 241kozs Measured & Indicated (0.78 g/t Au), 51kozs Inferred (0.70 g/t Au) ✓ Posit
Slide 3: 2024 Work Program
2024 Work Program NevGold has significant news flow and milestones over 2024 driving a valuation re-rate Limousine Zeus Nutmeg Mtn. ~7,500m drilling Butte Target generation ~7,500m drilling Drilling 2nd half of MRE Planned MRE summer? 2024 Q1 Q2 Q3 Q4 Nutmeg – Phase II = ~7,500 meters (RC) Phase II
Slide 4: 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 5: 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 Lithology • Zeus has the same geological signatures as the Hercules Silver discovery at the Hercules Project which is ~20km northeast of Zeus • Triassic age pluton
Slide 6: Nutmeg Mountain
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 7: 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 8: 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 9: 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 10: Limousine Butte
Limousine Butte Asset Summary Project Summary (100%-owned) Property Map • 821 unpatented mining claims on BLM ground covering ~67 km2 north of Ely, Property Size Nevada • ~104 km north-northwest of Ely Access • Via paved state highway (85 km) and county-maintained gravel road (19 km) Historical Expl
Slide 11: Limousine Butte – District Activity
Limousine Butte – District Activity 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 our southwest • Currently
Slide 12: 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 13: 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 14: 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 15: 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 16: Project Benchmarking – Strip Ratio Adjusted Grade
Project Benchmarking – Strip Ratio Adjusted Grade • NAU assets have combination of heap-leach grade and low strip ratio → improves project economics • Nutmeg Mountain mineralization starts at surface → immediate early cash flow • Grade is relative, and many factors including strip ratio must be cons
Slide 17: Market Valuation Comparables – The Roadmap
Market Valuation Comparables – THE ROADMAP • Market comparable group trades at average EV/Resource multiple of ~C$65/oz Au1 • NevGold recently completed 2023 MRE at Nutmeg Mountain → immediate re-rate potential $600.0 NevGold Resource / Engineering Stage Acquired $250.0 EV/oz Multiple (C$/oz Au) $52
Slide 18: Capital Structure
Capital Structure Capital Structure & Share Ownership Updated Shareholder Registry – February 2024 Total Issued and Outstanding 93,905,194 NevGold Insiders & Options1 4,900,000 Close Associates 30% Current Float Warrants (Dec 2024 Expiry) 3 6,194,859 33% Total Fully Diluted 105,000,053 Market Capita
Slide 19: 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 20: Appendix
Appendix NEVGOLD
Slide 21: 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