Freegold Ventures Limited · TSX:FVL

Freegold Ventures — Investor Presentation (November 2014)

42 slides from Freegold Ventures's investor presentation, November 2014

  1. Slide 1: Freegold Ventures Limited

    !!!!!!!FVL!:!TSX!!! Freegold!Ventures!Limited! November!2014!

  2. Slide 2: Disclaimer

    Disclaimer! This!presentaAon!may!contain!forward!looking!statements,!being!statements!which!are!not! historical!facts,!and!discussions!of!future!plans!and!objecAves.!There!can!be!no!assurance! that! such! statements! will! prove! accurate.! Such! statements! are! necessarily! based! upon! a! number!

  3. Slide 3: Corporate

    Corporate! Lis$ng:!TSX++Exchange++ Financings:+ ! October+2010+$3.0+Million+ 8,975,758! Dolphin!High!Grade! Trading+Symbol:!FVL!! •Unit!Price!$0.33!•Warrant! !!! $0.40/0.50! Shares+Outstanding:!~+83M+ December+2010+$5.3+Million+ 11,514,213! + ! •Unit!Price!$0.46!•Warrant! Fully+Diluted:!~+98M++ $0.5

  4. Slide 4: Board and Management

    Board!and!Management! • Kris$na+WalcoX:+President+and+CEO+ 20!years!experience!in!the!mining!industry.! Former!Vice!President!Business!Development!Freegold!! ! • Alvin+Jackson,+P.Geo+VP+Explora$on+&+Development++ B.Sc.!in!geology!d!40!years!experience!exploraAon!and!development.+Former!CEO!of! EuroZ

  5. Slide 5: Alaskan Gold – 2 Projects with + Million Ounce Resources Since 2011

    Alaskan!Gold!–!2!Projects!with!+!Million!Ounce!Resources!Since!2011! SHORTY+CREEK+ GOLDEN+SUMMIT+ Copper!Gold!Porphyry!Target+ NI!43d101!Compliant!Resource!June!2013! 1,683,000+Oz+(Indicated)+ (0.66!g/t!using!a!0.30!g/t!cut!off)! 4,841,000+Oz+(Inferred)++ (0.61!g/t!using!a!0.30!g/t!cut!off)! !!!!!!!FV

  6. Slide 6: 580 Gold Deposits over 1 Million Ounces in the World

    580!Gold!Deposits!over!1!Million!Ounces!in!the!World! Golden!Summit!now!ranks!139!of!the!580!in!the!World!! !!!!!!!FVL!:!TSX!!! 69%!of!the!World’s!Deposits!are! between!1d!5!million!ounces! ! Average!Grade!of!North!American!Gold! 6! Deposits!is!0.71!g/t.!! ! Average!Grade!–!Golden!Summit!0.65! g/t!

  7. Slide 7: Falling Gold Grade – Declining Discovery Rates

    Falling!Gold!Grade!!d!Declining!Discovery!Rates! Median!Grade!of!the!World’s!10!! Casey!Research!2013!!!!:!!Source!InAerraRMG!! Largest!Gold!OperaAons! ! Average!World!Wide!! Discovery!Cost!$32.00/oz! ! ! ! !!!!!!!FVL!:!TSX!!! ! ! GOLDEN+SUMMIT+ ! 867%!increase!in!Indicated!! Resources!since!2011! !

  8. Slide 8: The Fairbanks District – Significant Gold Emplacement

    The!Fairbanks!District!!d!Significant!Gold!Emplacement! 445000 450000 455000 460000 465000 470000 475000 480000 485000 490000 495000 500000 7225000 7225000 Dolphin!! 1.6!Million!oz!(indicated)!(0.66g/t)! Dolphin ! 7220000 7220000 4.8!Million!oz!(inferred)!(0.61g/t) 6.5 million oz (Freegold) True Nort

  9. Slide 9: Golden Summit – Excellent Infrastructure

    Golden!Summit!–!Excellent!Infrastructure! • 32!km!northeast!of!Fairbanks!(populaAon!100,000),! along!the!paved!Steese!Highway! • 32 km! • Experienced!Work!Force! • PoliAcally!Stable!JurisdicAon! • Power,!Water!and!Infrastructure!Nearby! !!!!!!!FVL!:!TSX!!! 9!

  10. Slide 10: Golden Summit – Near an Operating Mine

    Golden!Summit!–!Near!an!OperaAng!Mine! LocaAon!7!km!North!of! Kinross’!Fort!Knox!Mine!! Golden!Summit! ! ! Dolphin/Cleary+Resource+ + FORT+KNOX+(Kinross+Gold)+ ! ProducAon!commenced!in! 1996!d!over!6!million! !!!!!!!FVL!:!TSX!!! ounces!produced!to!date! ! 40,000!tonne/day!mill! (1996!to!present)! Ki

  11. Slide 11: Resource Expansion Since 2011 – Start Small Grow Big

    Resource!Expansion!Since!2011!–!Start!Small!Grow!Big! Discovery+Cost+since+March++2011+Under+$2.00+per+ounce+ Using!a!0.3!g/t!off! 7! 6! Millions+of+Ounces+ 5! !!!!!!!FVL!:!TSX!!! 4! Inferred!(M!Oz)! 3! Indicated!(M!Oz)! 2! 1! 11! 0! March!31! December! October!31! June!25! 2011! 16!2011! 2012! 2013!

  12. Slide 12: Golden Summit Gold Resources – June 2013 – Open for Expansion

    Golden!Summit!Gold!Resources!–!June!2013!–!Open!for!Expansion! Cut!Off!! NI!43d101! Deposit+ (g/t)+ ClassificaAon+ Tonnes+ Grade!(g/t)+ !Gold!Oz.+ Dolphin/ Cleary+ 0.30+ Indicated+ 79,800,000+ 0.66+ 1,683,000+ Inferred+ 248,060,000+ 0.61+ 4,841,000+ 0.35+ Indicated+ 68,170,00+ 0.71+ 1,563,000+ Inferre

  13. Slide 13: Golden Summit Resources – Cut off Sensitivity

    Golden!Summit!Resources!–!Cut!off!SensiAvity! DOLPHIN/CLEARY+ZONE+INDICATED+RESOURCE+ DOLPHIN/CLEARY+ZONE+INFERRED+RESOURCE+ Tonnes>+ Tonnes>+ Au+Cut`off+ Grade+>+Cut`off+ Au+Cut`off+ Grade+>+Cut`off+ Cut`off+ Cut`off+ (g/t)+ (tonnes)+ Au+ Contained+ (g/t)+ (tonnes)+ Au+ Contained+ !! !! (g/t)+ kgs+Au+ ozs

  14. Slide 14: Golden Summit – The Path Forward

    Golden!Summit!….!.The!Path!Forward…..! • Evaluate!the!oxide!as!a!stand!alone!heap! leach! • Preliminary!metallurgical!work!on!oxide! has!demonstrated!85%!recovery!in!24! hours!in!botle!roll!tests!! • Significant!potenAal!for!expansion!! !!!!!!!FVL!:!TSX!!! • Top!60!metres!across!property!is!oxide! 30

  15. Slide 15: Cleary – Looking Towards Dolphin

    Cleary!!Looking!Towards!Dolphin! !!!!!!!FVL!:!TSX!!! 15!

  16. Slide 16: Golden Summit Current Resource Area: Drill Plan Map

    Golden!Summit!Current!Resource!Area:!Drill!Plan!Map! 102.7+m+@+1.12+g/t+Au+ !!!!!!!FVL!:!TSX!!! 98.3+m+@+0.69+g/t+Au+ 136.7!m+@+1.57+g/t+Au++ 20.9+m+@+34.7+g/t+Au+ 452m+@++ 180!m+@+1.13+g/t+Au+(`75)+ 0.68+g/t+Au+ 16! 4791100E! 2013!Drilling!

  17. Slide 17: X Section Through Block Model – Good Higher Grade Sections

    X!SecAon!Through!Block!Model!!d!Good!Higher!Grade!SecAons! North+South+Sec$on+ !!!!!!!FVL!:!TSX!!! $%$&# ( %' ( %' 17! ( %' ( %' (%' (%' " !( %'

  18. Slide 18: Additional Target Areas – Significant Exploration Upside

    AddiAonal!Target!Areas!–!Significant!ExploraAon!Upside! • Property!covers!a!!13,000!acre!area!! • Current!NI!43d101!resources!confined!to!110!acre!area! Cleary!Hill!Mine! 281,000!oz!@!1.3!oz!/t! Hi!Yu! 110,000!oz!@!1.6!oz!/t! !!!!!!!FVL!:!TSX!!! Dolphin/Cleary 43-101 Goose Creek! Too Much Gold! Resour

  19. Slide 19: Ground Geophysics Dolphin Zone – Resistivity Survey

    Ground!Geophysics!Dolphin!Zone!–!ResisAvity!Survey! !!!!!!!FVL!:!TSX!!! 19! Open!to!the!Southwest!

  20. Slide 20: Golden Summit Summary

    Golden!Summit!!Summary! •80!gold!occurrences!over! 2012! a!10!km!strike!length! ! ! •NI!43d101!compliant!resource! !for!the!Dolphin/Cleary!Area! •PotenNal!for!Heap!Leach! operaNon!with!significant! •16,000!metres!drilled! oxide!material.! •Ground!Geophysics! ! !2013! !!!!!!!FVL!:!TSX!!! + •Updated!NI

  21. Slide 21: How is Golden Summit Different from Other Northern Projects?

    How!is!Golden!Summit!Different!from!Other!Northern!Projects!?! • 30!minutes!drive!from!a!city!of!100,000!people! ! • !Highway!Access! ! • Year!Round!ExploraAon!Possible! ! • High!Tension!Grid!Power!within!5!miles! ! !!!!!!!FVL!:!TSX!!! • Experienced!Work!Force!–!2!large!gold!mines!that!already!contri

  22. Slide 22: Shorty Creek – Copper Gold Porphyry

    Shorty!Creek!–!Copper!Gold!Porphyry! • Limited!exploraAon!conducted!to!date! ! • SimilariAes!to!the!golddenriched!porphyry! copper!deposits!of!TerAary!age!that!are! !!!!!!!FVL!:!TSX!!! found!through!out!Interior!Alaska!and!Yukon! • Last!drilling!–!1989/1990!(Fairbanks! ExploraAon/Asarco!JV)! ! 22!

  23. Slide 23: Shorty Creek – Copper Gold Porphyry

    Shorty!Creek!–!Copper!Gold!Porphyry! Located!120!km! north!west!of! Fairbanks!!(Access! is!from!the!year! round!paved!Elliot! Highway)! !!!!!!!FVL!:!TSX!!! 23!

  24. Slide 24: Shorty Creek – Copper Gold Porphyry – Geology

    Shorty!Creek!–!Copper!Gold!Porphyry!d!Geology! !!!!!!!FVL!:!TSX!!! Area!!of!Geophysical!!and!Geochemical!Coverage! 24!

  25. Slide 25: Shorty Creek – Significant Drill Results

    Shorty!Creek!–!Copper!Gold!Porphyry! Last!drilling!–!1989/1990!(Fairbanks!ExploraAon/Asarco!JV)! Significant+Drill+Results+ Hole%# From%(ft) To%(ft) Interval%(ft) Au%g/t Ag%g/t Cu%(ppm) RH89%02 0 90 90 0.385 NA NA RH89%08 0 220 220 1.22 NA NA incl. 0 125 125 1.78 NA NA incl. 60 85 25 4.59 NA NA RH90%

  26. Slide 26: Shorty Creek – 2014 Program

    Shorty!Creek!–!Copper!–!Gold!!Porphyry! ! 2014+Program++ + Acquired+July+2014+ + • Ground!Geophysics! !!!!!!!FVL!:!TSX!!! • Soil!Sampling! • AddiAonal!Claim!Staking! ! ! IP+Survey+–+August+2014! Chargeability!N2! 26! Area!of!Previous!Drilling! 1989d1990!

  27. Slide 27: Shorty Creek – Composite Section – Asarco/Fairbanks Ex Drilling

    Shorty!Creek!–!Composite!SecAon!–!Asarco/Fairbanks!Ex!Drilling! !!!!!!!FVL!:!TSX!!! 27!

  28. Slide 28: Shorty Creek – Au Geochemistry on Chargeability (2014)

    Shorty!Creek!–!Au!!Geochemistry!on!Chargeability!(2014)! !!!!!!!FVL!:!TSX!!! Au!Values!Up!to!480!ppb!! 28!

  29. Slide 29: Shorty Creek – Bi Geochemistry on Chargeability (2014)

    Shorty!Creek!–!!Bi!Geochemistry!on!Chargeability!(2014)! !!!!!!!FVL!:!TSX!!! Bi!Values!Up!to!276!ppm!! 29!

  30. Slide 30: Shorty Creek – Cu Geochemistry on Chargeability (2014)

    Shorty!Creek!–!Cu!Geochemistry!on!Chargeability!(2014)! !!!!!!!FVL!:!TSX!!! Cu!Values!Up!to!669!ppm! 30!

  31. Slide 31: Shorty Creek – Mo Geochemistry on Chargeability (2014)

    Shorty!Creek!–!!Mo!Geochemistry!on!Chargeability!(2014)! !!!!!!!FVL!:!TSX!!! Mo!Values!Up!to!235!ppm!! 31!

  32. Slide 32: Shorty Creek – Airborne Mag with Au Geochemistry

    Shorty!Creek!–!Airborne!Mag!with!Au!Geochemistry!(compiled)! !!!!!!!FVL!:!TSX!!! 32!

  33. Slide 33: Shorty Creek – Airborne Mag with Cu Geochemistry

    Shorty!Creek!–!Airborne!Mag!with!Cu!Geochemistry!(compiled)! !!!!!!!FVL!:!TSX!!! 33!

  34. Slide 34: Shorty Creek – Going Forward

    Shorty!Creek!!d!Going!Forward! • AddiAonal!geophysics!and!geochemistry!to!follow!and!expand! upon!current!grid! • 5,000!metres!of!drilling!to!test!the!both!Copper!–Gold!and! Copper!Moly!targets! !!!!!!!FVL!:!TSX!!! 34! !

  35. Slide 35: Vinasale: Land and Location

    Vinasale:!Land!and!LocaAon!! •Underlying!Mineral!ExploraAon!Agreement!with! Doyon!NaAve!CorporaAon!gives!opAon!to!lease!up!to! 100%.! •350!km!northwest!of!Anchorage!d!25!km!south!of! McGrath! !!!!!!!FVL!:!TSX!!! •Daily!flights!from!Anchorage!to!McGrath! 35!

  36. Slide 36: Vinasale Current NI 43-101 Resource

    Vinasale!Current!NI!43d101!Resource! Gold!Cut!Off!! Tonnes! Gold!!g/t! Contained!Ounces! Category! (g/t)! 0.50! 3,410,000! 1.48! 162,000! Indicated! 0.50! 53,250,000! 1.05! 1,799,000! Inferred! !!!!!!!FVL!:!TSX!!! 36! %&%'$ ) &( ) &( ) &( ) &( ) &( ) &( !# " &( Updated March 2013

  37. Slide 37: Freegold Summary (FVL: TSX)

    Freegold!Summary!(FVL:!TSX)! •Excellent long term shareholder base •Stable political jurisdiction •15,304 metres of drilling in 2011 •20,000 metres of drilling in 2012 •5,200 metres of drilling in 2013 •Significant Resource Expansion Since 2011 !!!!!!!FVL!:!TSX!!! •New Copper Gold Porphyry Target Ac

  38. Slide 38: Notes

    Notes! !!!!!!!FVL!:!TSX!!! 38!

  39. Slide 39: Appendix – Significant Drill Intercepts from Golden Summit

    APPENDIX! ! ! ! ! !!!!!!!FVL!:!TSX!!! ! SIGNIFICANT!DRILL!INTERCEPTS!FROM!GOLDEN!SUMMIT! A!

  40. Slide 40: Dolphin Drilling 2011 – Broad Zones of Significant Mineralization

    Dolphin!Drilling!2011!–!Broad!Zones!of!Significant!MineralizaAon! Drill!Hole Area From! To! Interval!! Gold!(g/t) (m) (m) (m) GSDCd11d27 Dolphin 108.5 158.2 49.7 0.66 GSDCd11d29 Dolphin 71.0 184.4 113.4 0.82 GSDCd11d30 Dolphin 50.0 110.5 60.5 0.73 GSDCd11d32! Dolphin! 0! 452.0! 452.0! 0.68! !!!!!!!FV

  41. Slide 41: Dolphin Drilling 2012 – Broad Zones of Significant Mineralization

    Dolphin!Drilling!2012!d!Broad!Zones!of!Significant!MineralizaAon! Drill!Hole Area From!! To! Interval!! Gold!(g/t) (m) (m) (m) GSDLd1218 Dolphin! 4.27! 535.5! 531.3! 0.59! (including) 392.6 483.1 90.5 1.1 GSDL1217 Dolphin! 102.4! 319.6! 217.2! 0.76! (including)! 102.4! 151.2! 48.8! 0.90! !!!!!!!FVL!:

  42. Slide 42: Dolphin Drilling 2013 – Broad Zones of Significant Mineralization

    Dolphin!Drilling!2013d!Broad!Zones!of!Significant!MineralizaAon! Drill!Hole! Area! From! To! Interval!! Gold!(g/t)! (m)! (m)! (m)! GSDLd1310! Dolphin! 7.0! 41.6! 34.6! 0.91! 83.8+ 92.0+ 8.2+ 3.29+ 116.1! 164.9! 48.8! 0.64! !incl! 154.2! 164.9! 10.7! 1.47+ !!!!!!!FVL!:!TSX!!! 199.3! 271.3! 71.9! 0.56!

Freegold Ventures — Investor Presentation (November 2014) on 6ix