New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (July 2023)
40 slides from New Found Gold's investor presentation, July 2023
Slide 1: Advancing the High-Grade Queensway Gold Project
ADVANCING THE HIGH-GRADE QUEENSWAY GOLD PROJECT TSX-V: NFG | NYSE-A: NFGC
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”), including with respect to the Company’s plans, including exploration and drill programs at the Company’s Queensway Project in Newfoundlan
Slide 3: High-Grade, District Scale, Tier 1 Jurisdiction
HIGH-GRADE, DISTRICT SCALE, TIER 1 JURISDICTION ADVANCING THE 100%-OWNED QUEENSWAY GOLD PROJECT THROUGH Newfoundland, DISCOVERY AND PRE-DEVELOPMENT Canada HIGH QUALITY OUNCES, STARTING FROM SURFACE. Multiple high-grade discoveries over a 5km strike length and growing. SIGNIFICANT VALUE UNLOCK REMAIN
Slide 4: Board of Directors
BOARD OF DIRECTORS Collin Denis Douglas Douglas Vijay Raymond Kettell Laviolette Hurst HurstMehta Threlkeld Founder, Chairman & CEO Founder & President Independent Director Independent Independent Director Director Independent Director Mr. Kettell is a co-founder of New Over 15 years of experience i
Slide 5: Key People
KEY PEOPLE Ron Greg Michael Melissa Bassam Hampton Matheson, P.Geo. Kanevsky, CPA Render, P.Geo. Moubarak CDO COO CFO V.P. of Exploration Advisor Ron brings over 25 years of project A professional geologist with over A Chartered Professional Accountant An exploration geologist with over Finance prof
Slide 6: High-Grade, Multiple Zones
AFZ QWN PLAN MAP Deformation Zone Au Associated Fault Interpreted Au Vein Surface Intersection LOTTO Trans-Canada Highway HIGH-GRADE, NFGC-21-201 Greywacke Shale 150 g/t Au / 11.50m E NFG Collar with Assays N ZO MULTIPLE ZONES T UL FA N TO DOME E 0 250 500m PL HIGH-GRADE MINERALIZATION AT QUEENSWAY
Slide 7: 15 Zones and Counting
QWN AFZ PLAN MAP Deformation Zone EVEREST Au Associated Fault Interpreted 15 ZONES AND COUNTING Au Vein Trans-Canada Highway Greywacke Shale AFZ Mineralized Footprint THE AFZ MINERALIZED ENVELOPE NOW COVERS AN AREA AFZ Target Envelope NFGC Collar RUNNING 4.1KM IN STRIKE LENGTH BY 400M WIDE. K2 ZONE
Slide 8: Project Advancement Timeline
PROJECT ADVANCEMENT TIMELINE NEW FOUND IS ADVANCING THE QUEENSWAY PROJECT THROUGH THE DISCOVERY PHASE WHILE SIMULTANEOUSLY DE-RISKING THROUGH PRE-DEVELOPMENT WORK TO BRING THE PROJECT TO A DESIGN AND PERMIT-READY STAGE JAN 2020 JUN 2021 SEP 2022 JAN 2023 MAR 2023 Keats Main Golden Joint Keats West I
Slide 9: Our Home: Newfoundland
OUR HOME: NEWFOUNDLAND T UL FA ON ET PL T UL AP FA P JB Ranked #4 The Government The province is mining jurisdiction of NL plans to build 5 host to a skilled globally1 new mines by 20302 workforce and is business-friendly Glenwood Appleton Gander Gander Lake QUEENSWAY PROJECT Town Transmission Line
Slide 10: Community Involvement
COMMUNITY INVOLVEMENT THE COMPANY IS COMMITTED TO SUPPORTING THE CENTRAL NEWFOUNDLAND REGION AND ITS COMMUNITIES AT LARGE 86% Local-First Economic Active in the Local Staff Hiring Stimulus Community Of the 250 people employed New Found Gold Corp. Annual investment into the Active member in the commu
Slide 11: Positioned for Development
POSITIONED FOR DEVELOPMENT WHILE PRIMARY FOCUS IS ON DISCOVERY, THE COMPANY IS ACTIVELY DE-RISKING THE PROJECT THROUGH PRE-DEVELOPMENT TO BE IN AN OPTIMAL POSITION FOR RAPID DESIGN AND PERMITTING Environmental Stakeholder Host Rock Metallurgical Baseline Engagement Studies Study Ongoing environmenta
Slide 12: Discovering a District
DISCOVERING A DISTRICT T UL FA ON ET PL T UL The Queensway Project is 110km+ long and includes two primary AP FA P JB regional-scale faults responsible for depositing high-grade gold — the Appleton (“AFZ”) and JBP (“JBP”) Fault Zones. LOTTO GOLDEN JOINT 1744 H POND KEATS WEST Hundreds of high-grade
Slide 13: Queensway North
QUEENSWAY NORTH TSX-V: NFG, NYSE-A: NFGC | 13
Slide 14: The Queensway North Project
KM BIG DAVE THE QUEENSWAY M .4K 9.5 NORTH PROJECT 12 1744 EVEREST GLASS • The majority of drilling has been focused on K2 a string of high-grade ZONE 36 discoveries spanning 5km MONTE CARLO LOTTO NORTH along the AFZ. LOTTO • These zones remain open DOME in all directions. Minimal POCKET POND GOLDEN
Slide 15: Keats
NE KM KEATS ZO 9.5 ICEBERG LT AU NF ETO KEATS PL NORTH AP • New Found’s first high- COKES E N ZO grade gold discovery, made LT NFGC-22-593 in January 2020, is hosted AU 9.12 g/t Au / 8.20m NF 42.6 g/t Au / 11.75m LOTTO by the Keats-Baseline fault ETO NFGC-19-01 zone. 75.2 g/t Au / 23.50m PL KEATS AP
Slide 16: Lotto
NE E KM ON LOTTO ZO 9.5 TZ LOTTO PLAN MAP LT NFGC-22-788 UL 16.1 g/t Au / 5.30m AU Deformation Zone Au Grade (g/t) FA NF Au Vein 0.5 – 1.0 Surface Intersection 1.0 - 3.0 ON Greywacke ETO 3.0 - 10.0 Shale >10.0 ET NFGC Collar PL PL AP • New Found’s second AP LOTTO NORTH discovery in October 0 100 200
Slide 17: Golden Joint
NE KM GOLDEN ZO E GOLDEN JOINT PLAN MAP ON 9.5 LT TZ Deformation Zone Au Grade (g/t) NFGC-19-03 AU Au Vein 0.5 – 1.0 16.5 g/t Au / 6.10m UL JOINT Surface Intersection 1.0 - 3.0 NF Greywacke FA 3.0 - 10.0 Shale >10.0 ETO NFGC Collar ON ET PL PL DOME AP • New Found’s third AP 0 100 200 m discovery mad
Slide 18: Keats West
KEATS WEST NFGC-22-773 NE 18.6 Au g/t Au / 15.95m KM KEATS ZO OPEN 9.5 LT AU WEST NF NFGC-22-784 6.64 g/t Au / 24.00m ETO PL AP • New Found’s first major NFGC-22-833 3.25 g/t Au / 11.40m discovery located on the 2.41 g/t Au / 35.00m 1.61 g/t Au / 17.35m west side of the AFZ, LOTTO made in September
Slide 19: Iceberg
GOLDEN JOINT NE NFGC-23-1285 ROAD KM 21.7 g/t Au / 4.45m ICEBERG ZO NFGC-22-766 9.5 KEATS WEST 50.3 g/t Au / 2.45m NFGC-23-1208 NFGC-23-1307 LT 1.58 g/t Au / 8.70m 1.73 g/t Au / 5.30m 4.66 g/t Au / 2.70m AU NFGC-22-515 2.88 g/t Au / 9.94m 43.9 g/t Au / 3.85m NF NFGC-23-1128 12.6 g/t Au / 7.60m NFGC-
Slide 20: Appleton Cross-Section
APPLETON CROSS-SECTION A 1049A 78A60 5581 A’ 22- 9 22--22-9 2- 1217 SE NW C- C- C-2 2-68 39 6 23- NFG NFGNFGC FG N GC-2 -6 22 2-80 780 98 108 C- NF C- 22- 21- - -21- NFG NFGFGC- 2 FGC- GC N N NFNFGC OPEN ICEBERG NFGC-22-1049A 1.40 g/t Au / 10.95m NFGC-23-1217 19.6 g/t Au / 5.25m NFGC-22-1049A GREYWA
Slide 21: Gold Mineralization in 3D
GOLD MINERALIZATION K2/ZONE 36 IN 3D MONTE CARLO LITTLE LOTTO NORTH LOTTO KEATS WEST DOME COKES GOLDEN JOINT TCW ICEBERG EAST ICEBERG O NE LT Z KEATS NORTH FAU TO N KEATS PLE AP TCH KNOB TSX-V: NFG, NYSE-A: NFGC | 21
Slide 22: A Comparison to Fosterville
A COMPARISON TO FOSTERVILLE • Orogenic systems are known to go deep. Exploration at Queensway has been largely focused on the top 200m vertical; average of all drilling to date just 140m. • Orogenic gold systems can extend to great depths, and comparing the Queensway project to the Fosterville depos
Slide 23: 3D Seismic Survey Underway
3D SEISMIC SURVEY UNDERWAY FAU 9.5KM NE M ZO NE .4K LT ZO 12 • New Found launched an industry-leading 3D seismic survey LT AU N in April 2023, a first for Canadian mineral exploration. TO PF PLE JB Similar surveys completed at the Fosterville mine in Australia AP identified additional subsurface ore
Slide 24: Queensway South
QUEENSWAY SOUTH TSX-V: NFG, NYSE-A: NFGC | 24
Slide 25: QWS Exploration
NFGC-QS-22-15 0.47 g/t Au over 8.00m QWS EXPLORATION 0.37 g/t Au over 28.00m DEVILS POND 4 HOLES 2022 DDH Program Highlights • Inaugural drill program: 7,255m drilled in 33 holes NFGC-QS-22-25 3.70 g/t Au over 4.30m over 82 days at 8 targets NFGC-QS-22-20 19.0 g/t Au / 3.15m (VG) • 27 out of 33 hole
Slide 26: Regional Exploration
KEATS Gander Lake Gander ICEBERG REGIONAL EXPLORATION 2023 Program NE • Aggressive exploration outsize of the main LI Appleton Fault Zone Y BA QUEENSWAY SOUTH PROJECT G • Recon surface exploration activities DO Transmission Line including soil sampling, mapping, Trans-Canada Highway prospecting, and
Slide 27: An Emerging District
AN EMERGING DISTRICT T UL FA ON ET PL T UL THE APPLETON AND JBP FAULTS ARE LARGE FEATURES THAT COMPARE IN SIZE TO AP FA P JB THE WORLD-RENOWNED ABITIBI BELT. ABITIBI BELT HOST TO 100M+ OUNCES LOTTO GOLDEN JOINT 1744 H POND KEATS WEST POCKET POND Gander KEATS Gander Lake ICEBERG QUEENSWAY PROJECT Tow
Slide 28: Capitalization
CAPITALIZATION $1.162B $47M 189,396,640 Market Cash & Marketable Fully Diluted Capitalization Securities Shares Outstanding *Based on July 4, 2023 close on the TSX-V. *Based on July 4, 2023 close on the TSX-V. INSTITUTIONAL & RETAIL 176,890,015 Basic Shares Outstanding 30% * 20% 50% 12,506,625 ERIC
Slide 29: Contact
Collin Kettell Michael Kanevsky, CPA, CA Bella Carter Chief Executive Officer Chief Financial Officer Investor Inquiries ckettell@newfoundgold.ca mkanevsky@newfoundgold.ca bella@newfoundgold.ca New Found Gold Corp. + 1 (845) 535-1486 Suite 1430 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 T
Slide 30: Appendix
APPENDIX TSX-V: NFG, NYSE-A: NFGC | 30
Slide 31: Property Geology Map
PROPERTY GEOLOGY MAP • Predominantly Ordovician Davidsville Group • Shallow marine siliciclastic sedimentary rocks (mudstone, siltstone, sandstone, conglomerate with minor carbonate, volcanic and intrusive rocks • Unconformably overlies the Gander River Complex (ophiolites) in the east • Conformably
Slide 32: Geologic Setting
GEOLOGIC SETTING re BALTICA Main lapatus sutu xis ng a • The Queensway Project is located along a continental re i collision margin formed as part of the Appalachian read u r Sut Tho c sp Orogeny – the collision of Laurentia with Gondwana DOG BAY LINE lanti and it’s micro-continents (Gandaria and Av
Slide 33: Litho-Structural Architecture
LITHO-STRUCTURAL ARCHITECTURE STRUCTURAL EVOLUTION OF THE DAVIDSVILLE GROUP IN THE EXPLOITS SUBZONE Progressive compression, folding, faulting and mineralization of sediments. High-grade gold mineralization at Queensway focusses on small displacement accommodation faults, similar to Fosterville’s Sw
Slide 34: Gold Mineralization
GOLD MINERALIZATION AN IDEAL PLUMBING SYSTEM The collision of two continental plates causes progressive compression, folding, faulting, and mineralization of sediments. This creates an ideal host for high-grade gold mineralization among spaces left behind during faulting. EPIZONAL GOLD Epizonal gold
Slide 35: Mineralization Style
MINERALIZATION STYLE Visible gold in vuggy quartz-carbonate veins: • Stylolitic-laminated • Breccia-hydraulic and implosive • Stockwork, +/- arsenopyrite, chalcopyrite boulangerite, pyrite, NH4 muscovite TSX-V: NFG, NYSE-A: NFGC | 35
Slide 36: Keats Cross Section
KEATS CROSS SECTION Keats (NFGC-20-52) 13.7 g/t Au over 5.6m B B’ NW SE 77 9 1 -2 2 NFFG -20-25 34 NF - -1 1 NFGC--19-18 NF -20 21 12 GC 20 0 13 GC 20 -0 GC -5 1- - 0- 1- 1- N C 0 -2 -2 -2 -2 GC C GC NFGC GC G NF NF NF NF BLACK SHALE NFGC-19-01 Ke 75.21 g/t Au over 23.50m Maats in -100 KEATS CROSS S
Slide 37: Keats West Cross-Section
KEATS WEST CROSS-SECTION Keats West (NFGC-22-960) 42.6 g/t Au over 32m NFGC-22-945 EAST SIDE NFGC-22-922 4.32 g/t Au / 21.30m 10.1 g/t Au / 22.50m NE NFGC-22-1040 Z O 17.2 g/t Au / 22.90m N FA ULT 12.0 g/t Au / 18.40m ETO APPL OPEN KEATS WEST 3-D VIEW NFGC-23-1155 Au (g/t) 1.53 g/t Au / 34.75m 0.5 -
Slide 38: Iceberg Cross-Section
ICEBERG CROSS-SECTION Iceberg (NFGC-23-1217) 19.6 g/t Au over 5.25m A 1049 A A 978-960 8 -55 1 A’ 2- 2- 2 217 SE NW C-2 C-2 -22 2 C- -68 9 23-1 NFG NFGNFGC NFGGC-22 -63806 -78 0 98 C- NF 22 C- 22 - -22 -21-21-108 NFG NFGFGC- NFG C NFG C C- N NFG OPEN ICEBERG NFGC-22-1049A 1.40 g/t Au / 10.95m NFGC-2
Slide 39: Golden Joint Cross Section
GOLDEN JOINT CROSS SECTION Golden Joint (NFGC-21-462) B B’ 69.2 g/t Au over 14.2m NF -2 62 -2 26 6 GC 01 4 NFGC-22- 50 NW SE 38 NF GC 21 716 NFGC- 2-7 55 1- 81 -2 1-1 1 NFGC 22- 23 41 GC 1-4 GC 1-3 7 GC -2 -17 NF 1-4 - 6 18 1- NF C- 1-2 1- -2 NF -2 -2 G -2 2 GC 0 GC NF GC NF NF NF NE ZO NFGC-21-181
Slide 40: Lotto Cross-Section
LOTTO CROSS-SECTION Lotto (NFGC-21-201) B B’ 143 g/t Au over 11.75m 59 9 2- 0 7 NW SE -2 2-6 GC -2 NF GC NFGC-22-552 F -2 -8 18 N 77.9 g/t Au / 2.30m 4 NF GC 21- 3 NF -2 1-2 66 -2 0 NF GC -2 115 1- 24 9 GC 1-2 01 NF GC- -24 22 GC 10 10 1 -2 05 6 GC -2 1-2 96 39 -2 0- NF 2-8 58 2 GC -22 -6 55 1- NF 2