Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (December 2022)
35 slides from Nevada King Gold's investor presentation, December 2022
Slide 1: Nevada's 3rd Largest Landholder
Nevada’s 3rd Largest Landholder In the Midst of a High-Grade Discovery at its 100%-owned Atlanta Gold Mine TSX-V: NKG OTCQX: NKGFF 2022
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events or Nevada King Gold Corp. (“Nevada King” or “the Company”) future performance, business prospects or opportunities. Any
Slide 3: Nevada King Highlights
Nevada King Highlights A dominant explorer and 2,423 COEUR MINES 3,187 developer focused exclusively 3,608 HECLA MINING 4,061 on the Battle Mountain Trend, 5,640 5,670 Nevada’s most prolific gold 10,002 8,041 mining belt. 8,490 14,716 Nevada’s 3 largest active rd 12,035 claim holder, with plans to b
Slide 4: Strong Management & Board
Strong Management & Board MANAGEMENT INDEPENDENT BOARD OF DIRECTORS Paul Matysek, M.Sc. Founder & Executive Chairman Serial entrepreneur, geochemist and geologist with 40+ years experience in mining. Craig Roberts Since 2004, as CEO or Chairman, Mr. Matysek has sold six publicly listed companies, in
Slide 5: Technical Team
Technical Team Lewis Teal, M.Sc.,B.Sc. Geo. Geoff Sterling Chief Technical Advisor Project Manager, Iron Point 40+ years experience in mining industry, including 28 years with Newmont from 1988-2015. Economic geologist with 12+ years of exploration experience, mainly related to gold in the Proven tr
Slide 6: Why Nevada? Why Now?
31M oz 63M oz Why Nevada? GETCHELL BELT CARLIN BELT WINNEMUCCA IRON POINT Why Now? BATTLE ELKO GOLCONDA MOUNTAIN GOLD LEWIS HILLTOP SOUTH HORSE CRESCENT MTN.-MILL CREEK VALLEY CARICO 92M oz LAKE • Nevada is rated by the Fraser Institute as EVANA BATTLE MTN BELT KOBEH VANADIUM the World’s #1 gold min
Slide 7: How the Nevada King Portfolio was Built
How the Nevada King Portfolio was Built 0% NSRs* • ACQUIRED VIA STAKING Staked projects directly to avoid underlying NSRs, option payments, and work commitments. • EFFORTS WERE CONCENTRATED ALONG BATTLE MOUNTAIN TREND Identified mineral trend possessing obvious mineral *98% OF NEVADA KING’S GROUND I
Slide 8: The Nevada King Portfolio
The Nevada King Portfolio Jerritt Canyon Joint Venture Sleeper Twin Creeks Mine Ken Snyder Mine Getchell Mine Pinson Mine Hollister WINNEMUCCA IRON Dee Mine Bootstrap Mine Meikle Mine Long Canyon POINT Preble Betze/Post Mine West Pequop 4 Deep Star Mine Beast Mine Genesis/Bluestar Mine Leeville Kram
Slide 9: 2022 Drill Plan
METERS DRILLED ON NEVADA KING PROPERTIES 2019 2020 2021 2022 1,876 m 2,000m 2022 Drill Plan m 2,687 • Nevada King anticipates drilling in excess of 20,000 meters 4,000m 6,000m during 2022 across three projects, making it one of the most active explorers in the State. 7,036m 8,000m 13,100 • Resource
Slide 10: Atlanta Gold Mine
Atlanta Gold Mine In the midst of a high-grade discovery with drilling ongoing Recently demonstrated 86.7% gold cyanide solubility TSX-V: NKG, OTCQX: NKGFF | 10
Slide 11: Atlanta Gold Mine
Winnemucca Elko Atlanta Gold Mine Battle Mountain • Atlanta is a past producing, open-pit gold mine located in SE Nevada. Reno • Historic Production by Standard Slag (1975-1985) Ely Atlanta recovered 110,000 oz Au and 800,000 oz Ag from 1.5M tons. Gold Mine • Over 40,000m were drilled by Gold Fields
Slide 12: Infrastructure & Permitting
Road to Pioche Geology Office Modular Crew Quarters Power Lines Infrastructure & Permitting Core Shack Road to Ely • County-maintained roads connect project to major highways. • Deeded 15-mile electrical power line is operational to the site with private substation. • Private water well and pipeline
Slide 13: Pit Constrained Resource
Pit Constrained Resouce 62502 • Current NI 43-101 57502 compliant gold resource by Gustavson (2020) 102000N 101500N 101000N 100500N 100000N 99500N 99000N 98500N 9 using a 0.35 g/t cut-off 102000N 101500N 101000N 100500N 100000N 99500N 99000N 98500N 52502 98000N and $1,250/ oz gold price. Atlanta Min
Slide 14: 2021 Atlanta Drilling Highlights
AT21-003 9.1m of 8.26 g/t Au 560m north of the historic pit. 2021 Atlanta New high-grade discovery made 560m north of the Atlanta Pit, significantly increasing the known Drilling Highlights extent of high-grade mineralization at Atlanta. OUTLINE OF 2020 GUSTAVSON The 2021 drill program identified ad
Slide 15: Cross Section A-A'
Cross Section A-A’ Historical holes along this southern E-W cross section reported significant OUTLINE OF 2020 GUSTAVSON gold intercepts but were not included in the Gustavson resource model PIT-CONSTRAINED RESOURCE due to low hole density, inaccurate collar locations, and suspect assays. In 2021, N
Slide 16: Long Section I-I'
195m 50m 0 100m Long CROSS Section I-I’ SECTION I-I' This long section demonstrates areas of newly identified gold OUTLINE OF 2020 GUSTAVSON mineralization that were previously considered to be waste rock, PIT-CONSTRAINED RESOURCE within the confines of the conceptual open pit. Additionally, it show
Slide 17: 2022 Atlanta Drill Program
PHASE II 2022 DRILL MAP-PIT AREA ATLANTA PROJECT' ATLANTA NORTH EXTENSION TARGET 2022 Planned Holes 2021 NK Drill Holes 2022 Atlanta Drill Program Historical Drill Holes Atlanta Mine Fault Zone Roads 0 200 meters • Test new high-grade discovery within the pit, 2020 GUSTAVSON increasing drill density
Slide 18: Stage 1 Cyanide Solubility Testing
Stage 1 OUTLINE OF 2020 GUSTAVSON PIT-CONSTRAINED RESOURCE Cyanide Solubility Testing PERIMETER OF HISTORICAL ATLANTA OPEN PIT • Gold cyanide solubility demonstrated a weighted average of 86.7% across 986 samples. • Samples analysed were widely distributed, with over half coming from ATLANTA HOLE MA
Slide 19: Lewis Project
Lewis Project TSX-V: NKG, OTCQX: NKGFF | 19
Slide 20: Lewis Project
Deep Star Mine LEWIS PROJECT Lantern Mine Carlin Mine Gold Lone Tree Quarry Marigold Mine Lewis Project Fortitude BM Complex Phoenix McCoy/Cove Pipeline Cortez • Adjacent to and on trend with Nevada Gold Mine’s Hilltop gold deposit (reported 2M oz Au @ 0.875 g/t). • Underground production during 188
Slide 21: 2021 Lewis Drilling Highlights
ROCKY CYN. HISTORICAL RESOURCE 002 005 A 001 2021 Lewis 016 Drilling Highlights 004 018 015 013 017 003 010 014 006 007 008 012 SOUTH ROCKY 009 CYN. TARGET A' RECORD 011 TARGET LEWIS PROJECT PLAN MAP 2021 Drill hole CELESTINE O'NEAL The 2021 drill program substantiated historical drill results relea
Slide 22: Goals of the 2022 Lewis Drill Program
Goals of the 2022 Lewis Drill Program • Drilling commenced on August 25, 2022, and will consist of 25 priority RC holes averaging 180m in depth. Placement of 19 secondary holes will depend in large part on assay results from the first-pass priority drilling (see Figure). RECORD TARGET CONFIRM HISTOR
Slide 23: Iron Point
Iron Point TSX-V: NKG, OTCQX: NKGFF | 23
Slide 24: Iron Point Overview
Tuscarora Twin Creeks Jerritt Canyon Gethchell - Turquoise Ridge Midas Iron Point Pinson Prebble Overview North Carlin - Goldstrike Ca IRON POINT r lin Tr end Lonetree-Stonehouse en Gold Quarry - Mike d l Tr Marigold • Project lies at the intersection of the prolific l che Battle Mountain-Cortez and
Slide 25: Goals of the 2022 Iron Point Drill Program
Goals of the 2022 Iron Point Drill Program • Five deep drill holes totaling 4,000m are planned for 2022 • Four holes will be drilled along the Range Front Zone (“RFZ”) to follow up on results of the 2019 deep drill program. IP22-003 and IP22-004 are 350m stepouts to the east of deep drill hole VM-00
Slide 26: Iron Point Drill Map
LAND OWNERS Nevada King Claims Nevada King Patented Claims Other Private Lands Iron Point Drill Map Location of 18 Scout Drill Holes 2022 Planned Deep Drilling Program 2019 Deep Drilling Program Fairway Zone Range Front Zone (RFZ) A A’ Cross Section A-A' CH-IP88-03 VM-008C 7.62m @ 1.59 g/t Au Range
Slide 27: Share structure
Share structure Shares Outstanding 278,574,976 15.5% Collin Kettell 5% Options Board & Management 22,710,000 33% Fully Diluted Shares Outstanding 301,284,976 Next 10 Largest Shareholders Cash $12M (CAD) 46.5% Others TSX-V: NKG, OTCQX: NKGFF | 27
Slide 28: Protecting Shareholders by Minimizing Dilution
Protecting Shareholders by Minimizing Dilution NO WARRANTS ISSUED, EVER. SIGNIFICANT INSIDER PARTICIPATION. NO FEES PAID ON LAST 3 FINANCINGS. 0.8000 $3.6M @ $0.60 $610K Insider Buying @ $0.37 (Strategic Investor) Collin Kettell 0.7500 $18M @ $0.55 (Private Placment) 0.7000 $132K Insider Buying @0.3
Slide 29: Collin Kettell
Collin Kettell Founder & CEO collin@nevadaking.ca nevadaking.ca T S X-V : N KG | OTCQX : N KG F F
Slide 30: Appendix
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Slide 31: Entering the Lassonde Curve
ENTERING THE LASSONDE CURVE The most significant value creation is at the discovery stage. With multiple exploration and development projects, Nevada King is poised to capitalize VALUE REALIZATION on five years of preparatory work. 2015 2017 2019 2021 2025 Research Blind STEP 1 Opportunities Staking
Slide 32: Horse Mtn - Mill Creek Gold Project
HORSE MTN LOWER PLATE TARGET WITH HIGH-GRADE - MILL CREEK HISTORIC HITS BY BARRICK GOLD POTENTIAL DEPOSIT TYPE: Pipeline (22M oz Au) PROJECT • Adjoins active Nevada Gold Mines gold exploration project on north and south sides, and widespread historical drilling shows gold mineralization trends south
Slide 33: Horse Mtn - Mill Creek Gold Project
HORSE MTN 2021-2022 - MILL CREEK GOLD Geophysical surveys Fortitude PROJECT Phoenix Slaven Fire Creek Sampling and mapping Hilltop Cove Tenabo McCoy Elder Creek Gold Acres Pipeline Cortez Buckhorn Pediment Cortez Hills Horse Canyon ET Blue 0 7.5 15 kilometers TSX-V: NKG, OTCQX: NKGFF | 33
Slide 34: Golconda Summit Gold Project
GOLCONDA BUFFALO HILLTOP CRESCENT SUMMIT GOLD VALLEY GOLD SOUTH VALLEY AU PROJECT PROJECT PROJECT PROJECT Potential deposit types include Potential deposit types include Potential deposit types include Potential deposit type is a quartz vein Pinson (2.9M oz Au), Twin Creeks Marigold (5.3M oz Au) and
Slide 35: Cedars Carico Lake Gold Project
CEDARS KOBEH EVANA GOLD CARICO LAKE VALLEY GOLD & VANADIUM GOLD PROJECT PROJECT PROJECT Potential deposit types include Cortez Potential deposit types include Lower Plate Potential deposit types (17M oz Au), Marigold (5.3M oz Au ), replacement deposits (aka Carlin type) include Iron Point Vanadium (
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