Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (May 2024)
24 slides from Fury Gold Mines's investor presentation, May 2024
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation May 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 May 1, 2024, howeve
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 Strong Financial Position C$5.3M in cash and C$59.2M equity holding in Dolly Varden (54M shares)* Compelling Valuation Currently trading at C$14/oz versus peer group average of C$26/oz** Focused on New Discoveries Close to Infrastructure in Quebec Éléonore South Project – for
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 ‘24 M&I1: 1,160,000 oz at 5.64 g/t Au
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 54M shares currently valued at C$59.2M* Dolly Varden Ownership (approximate): Fury 19% Hecla 15% Eric Sprott 10% Institutional 48%
Slide 7: 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 | 7
Slide 8: Éléonore South – 100% Ownership
Éléonore South – 100% Ownership Highly Prospective Early-Stage Gold Exploration Purchased Newmont's 49% for C$3M in March 2024 Recently completed drill program with approximately 2,300m in 7 holes. Results pending. Identified a robust geochemical gold anomaly within the same sedimentary rock package
Slide 9: Éléonore South Exploration Potential
Éléonore South Exploration Potential Cheechoo Tonalite Spring 2024 drilling focused on the Moni Trend testing high-grade extensions from previous drilling TSX | NYSE-A: FURY | 9
Slide 10: Eau Claire – Updated Mineral Resource Estimate 2024
Eau Claire – Updated Mineral Resource Estimate 2024 Table 1: Combined Mineral Resource Estimate for the Eau Claire Project Category Tonnes Grade (g/t Au) Contained Au (oz) Measured 1,612,000 5.67 294,000 Indicated 4,781,000 5.64 866,000 Measured & Indicated 6,393,000 5.64 1,160,000 Inferred 5,445,00
Slide 11: Eau Claire – Multiple Targets Identified
Eau Claire – Multiple Targets Identified Pipeline Approach to Early-Stage Development Eau Claire Deposit remains open in all directions Open high-grade gold mineralization at Percival Prospect Multiple untested anomalies at Percival, Lac Clarkie and along the Cannard Deformation Zone TSX | NYSE-A: F
Slide 12: Eau Claire – Resource is Open in All Directions
Eau Claire – Resource is Open in All Directions Resources3: • M&I: 1.16M oz at 5.64 g/t Au 3. See news release “Fury Updates Mineral Resources at Eau Claire, Increasing • Inf: 723k oz at 4.13 g/t Au Measured and Indicated Gold Ounces By 36%, And Inferred Gold Ounces by 45%” dated May 14, 2024 at www
Slide 13: 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 Benefit from significant investment in project infrastructure and recent syst
Slide 14: 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 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% (May 15, 2024) (May 15, 2024) C$83.3M C$5.3M Institutional 12% Newmont 6% SHARES FULLY Management & Directors 2% OUTSTANDING DILUTED 145.5M 163.0M Analyst Coverage
Slide 17: Major Achievements & Stock Performance
Major Achievements & Stock Performance TSX | NYSE-A: FURY furygoldmines.com | 17
Slide 18: Near-Term Catalysts
Near-Term Catalysts Éléonore South Spring drilling completed with results expected in the coming weeks / months Additional 2024 Exploration Program to be announced: ▪ Éléonore South biogeochem ▪ Committee Bay ▪ Percival / Serendipity Trend TSX | NYSE-A: FURY furygoldmines.com | 18
Slide 19: Appendix
APPENDIX 19) Éléonore South – Biogeochemical Survey 20) Percival Prospect - Extension of High-Grade Gold Down Plunge 21) Percival - Serendipity Biogeochemical Survey Results 22) Experienced and Balanced Management Team
Slide 20: Éléonore South – Biogeochemical Survey
Éléonore South – Biogeochemical Survey Éléonore Style Target Identified Fold Hinge interpretation is that it is the same Low Formation sediments that host the Éléonore mineralization TSX | NYSE-A: FURY | 20
Slide 21: Percival Prospect - Significant Potential for Discovery
Percival Prospect - Significant Potential for Discovery Extension of High-Grade Gold Down Plunge TSX | NYSE-A: FURY furygoldmines.com | 21
Slide 22: Percival - Serendipity Biogeochemical Survey Results
Percival - Serendipity Biogeochemical Survey Results Robust Structurally Controlled Gold Anomalies Defined Matching geophysical, geochemical and structural signatures of Eau Claire and Percival All anomalies reside within one mile of major deformation zones TSX | NYSE-A: FURY furygoldmines.com | 22
Slide 23: 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 24: Contact Information
Contact Information +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com