Gold X2 Mining Inc. · TSXV:AUXX
Gold X2 Mining — Investor Presentation (May 2026)
24 slides from Gold X2 Mining's investor presentation, May 2026
Slide 1: Delivering a Generational Gold Project in the Heart of Canada
DELIVERING A GENERATIONAL GOLD PROJECT IN THE HEART OF CANADA CORPORATE PRESENTATION – MAY 2026 TSXV:AUXX | OTCQB:GSHRF | FRA:DF8
Slide 2: Disclaimers
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 2 DISCLAIMERS Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: fluctuations in metals prices, price of c
Slide 3: Disclaimers
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 3 DISCLAIMERS Qualified Person Mineral Resource Estimate Disclosure Peter Flindell, VP Exploration, is the Qualified Person as defined by NI 43-101, and has prepared and The Mineral Resource Estimate for the Moss Gold Project was prepared by Mr. Dominic Lussier, P.G
Slide 4: Gold X2 at a Glance
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 4 | GOLD X2 AT A GLANCE Robust Economics with Strong PEA PEA a Base Case with attractive economics, significant leverage gold prices, optimization upside and extensive growth optionality High-Quality Mineral Resource Estimate Moss Deposit* PEA HIGHLIGHTS** US$2,750/
Slide 5: The Team: Management and Board of Directors
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 5 | THE TEAM MANAGEMENT BOARD OF DIRECTORS Michael Henrichsen ● Structural geologist and led the Torq technical team ● Previously the global structural geologist at Newmont, CEO & Director where his contributions significantly increased the reserves Tom Obradovich |
Slide 6: Capital Structure
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 6 | GOLD X2 CAPITAL STRUCTURE STRATEGIC PARTNERSHIPS 598,306,376 16.6% PARTNER CAPITAL FROM MEMBERS Basic Shares Outstanding2 RSU2 8,910,000 38,447,767 9.9% 2 Options Warrants2 25,219,891 FDS Pro-Forma2 670,884,034 4.0% Share Price1 $1.65 Market Capitalization1 $987
Slide 7: Infrastructure in Place to Support a District Scale Mining Camp
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 7 INFRASTRUCTURE IN-PLACE RAIL N 20 km TO SUPPORT A DISTRICT Direct access for heavy equipment GRID SCALE MINING CAMP & machinery POWER 11¢ / kWh power at HIGHWAY HILLCREST PROJECT project site Maintained road with direct access to Trans-Canada THUNDER BAY Highway 1
Slide 8: PEA Highlights: Summary of Project Economics
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 8 | PEA HIGHLIGHTS $7.5B SUMMARY OF PROJECT ECONOMICS $8B NPV $7B After Tax After-tax NPV (5%) Base Case Base Case Consensus Upside Case Metrics US $2,750 US $3,611 US $5,000 $6B Total Ore Tones Mined 138,982 $5B $4.0B $4.2B Mill Feed Daily Production 30,137 NPV NPV
Slide 9: Refined Geological Model Focused on Higher-Confidence Resource
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 9 Mineral resources that are not mineral reserves | MRE do not have demonstrated economic viability. KEY CHANGES WITH NEW MRE REFINED GEOLOGICAL MODEL FOCUSED ON Underground ounces HIGHER-CONFIDENCE RESOURCE excluded from resource model Inferred spacing tightened 20
Slide 10: Drilling for Transformation: 160,000m to Reshape the Resource
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 10 | DRILLING FOR TRANSFORMATION: 160,000M TO MOSS DEPOSIT RESHAPE THE RESOURCE PROJECT DEVELOPMENT PIT EXPANSION NORTH COLDSTREAM 72,000m 63,000m infill & Geotech drilling drilling below pit 63,000m Targeting extensions below and on northern flank & adjacent to cur
Slide 11: Moss Resource Has Potential for Increase Based on Intercepts at Depth
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 11 | SIZE & SCALE MOSS RESOURCE HAS POTENTIAL FOR RESOURCE INCREASE BASED ON MINERALIZED INTERCEPTS AT DEPTH SW SOUTHWEST ZONE MAIN ZONE QES ZONE NE 3.6 km 500mRL 25-30% VOLUME INCREASE IN SECONDARY SHEARS RPEEE shell ($2,200) 0mRL Primary Target Areas for Potential
Slide 12: PEA Demonstrates a Base Case with Potential to Expand
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 12 | PEA POTENTIAL TO BE A PEA DEMONSTRATES TOP 10 A BASE CASE WITH PRODUCING GOLD MINE POTENTIAL TO EXPAND* IN CANADA (1) (4) 26 YEAR LOM 13 YEAR LOM 19 YEAR LOM 18 YEAR 26 YEAR LOM 13 YEAR LOM 24 YEAR LOM LOM (3) (5) (6) Source: Corporate disclosure; S&P Capital I
Slide 13: District Exploration Has Defined Two Major Trends
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 13 | EXPLORATION UPSIDE GOLD-RICH NORTH COLDSTREAM VMS POTENTIAL COPPER VMS MINE DISTRICT EXPLORATION EAST COLDSTREAM HAS DEFINED TWO DEPOSIT MAJOR TRENDS MOSS DEPOSIT ARDEEN DEATY TREND GOLD MINE OPEN TO SOUTHWEST Ardeen MOSS TREND Trend EXTENSION Moss Trend Extens
Slide 14: Star Lake Is the 3rd Major Gold-in-Till Anomaly in the Region
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 14 | RECENT ACQUISITION 20km N STAR LAKE IS THE 3RD MAJOR GOLD-IN-TILL ANOMALY IN THE REGION DISTRICT SCALE LAND PACKAGE HILLCREST PROJECT DELTA-1 EUREKA GOLD DISCOVERY 48,445 Total Hectares GOLD X2 MOSS GOLD PROJECT STAR LAKE PROJECT ARDEEN KEKEK STAR LAKE NEW ACQU
Slide 15: Base Case Illustrates Large-Scale Gold Production
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 15 | PEA 265,000 oz/yr LOM Average Annual Gold BASE CASE ILLUSTRATES 374,000 oz/yr LOM Average Annual Silver LARGE-SCALE GOLD PRODUCTION 269,000 oz/yr LOM Average Annual AuEq1 Stockpile strategy not yet optimized: Potential for higher grade throughput in early years
Slide 16: PEA Base Case - Strong Margins and Free Cash Flow Generation
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 16 | PEA PEA BASE CASE - STRONG MARGINS AND FREE CASH FLOW GENERATION ** INITIAL CAPEX $2,001M CAD ($1,493M USD) $11.750B CAD Cumulative After-Tax Annual Free Cash Flow (C$mm) Project FCF @ Upside Case $4.035B CAD Cumulative After-Tax Project FCF @ Base Case Base Ca
Slide 17: Capital Cost Breakdown
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 17 | DETAILED CAPEX BREAKDOWN COMPREHENSIVE COST ESTIMATION METHODOLOGY CAPITAL COST BREAKDOWN Capex estimates Potential to reduce benchmarked to upfront capital costs Greenstone construction through financing INITIAL CAPEX $2,001M CAD (US$1,493M) (managed by G-Mini
Slide 18: 2-Year Plan to Enter Feasibility Study, EA & Permitting
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 18 | PROJECT SCHEDULE 2-YEAR PLAN TO ENTER FEASIBILITY STUDY, EA & PERMITTING Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Resource Growth & Definition RESOURCE GROWTH & DEFINITION Grow and upgrade the Mineral Resource through drilling to support
Slide 19: Ticking All the Boxes: Re-rating Potential
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 19 | RE-RATING POTENTIAL TICKING ALL THE BOXES P/NAV VALUATION VS. INDUSTRY CONSENSUS AVERAGES 123 1.37x TIER 1 ASSET POTENTIAL Project Base Case Scenario has potential to improve 1.21x through mine life extensions, improve metallurgical recoveries, and optimized mi
Slide 20: Entering Phase 2 of Value Creation
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 20 | NEAR-TERM CATALYSTS ENTERING PHASE 2 OF VALUE CREATION PHASE 1 – LAST 12 MONTHS PHASE 2 – NEXT 24 MONTHS H1 2025 Q4 2025 Jan 2026 Jan 2026 Q1 – Q4 2026 Q1 – Q4 2026 H2 2027 BELT STRATEGIC 2026 DRILLING TECHNICAL ENTER WINTER PEA DRILLING CONSOLIDATION INVESTMEN
Slide 21: For More Information, Please Contact
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 FOR MORE INFORMATION, PLEASE CONTACT Michael Henrichsen CEO & Director info@goldx2.com Gold X2 Mining Inc. 450 Commerce Place, 400 Burrard Street, Vancouver, BC, V6C 3A6 GoldX2.com
Slide 22: Moss Gold Project Open Pit Mineral Resource Estimate
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 22 PRODUCED BY: | APPENDIX Notes to the Mineral Resource statement: MOSS GOLD PROJECT OPEN PIT 1. The mineral resources described above have been prepared in accordance with the CIM Standards (Canadian Institute of Mining, Metallurgy and Petroleum, 2014) and follow
Slide 23: PEA Crushers, SAG & Ball Mills process flow
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 23 | PEA CRUSHERS SAG & BALL MILLS PAPER SIZE FORMAT : A1 LEGEND SECONDARY CRUSHER DISCHARGE CONVEYORS 1 PRIMARY PEBBLE RECYCLE PRIMARY CYCLONE 1 INTERMITTENT SECONDARY CRUSHER CONVEYOR CLUSTER FUTURE Conventional DISCHARGE CONVEYORS 2 SAG MILL DISCHARGE SECONDARY C
Slide 24: $115.89 Million Strategic Financing
TSXV:AUXX | OTCQB:GSHRF | FRA:DF8 24 | OVERVIEW: STRATEGIC FINANCING $115.89 MILLION STRATEGIC FINANCING CAPITALIZED FOR SIGNIFICANT NEAR-TERM VALUE CREATION Partnership with • $72,738,301 Charity Flow-Through Funds Tier 1 Global Major • Pro-Forma 9.9% Shares Outstanding Technical Committee • Invest