Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — Investor Presentation (October 2022)
22 slides from Fury Gold Mines's investor presentation, October 2022
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation October 2022
Slide 2: Disclaimer
Disclaimer Cautionary Notes This 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 accurate as of November 1, 2021, however it is not a pro
Slide 3: Cautionary Note to United States Investors
Cautionary Note to United States Investors There is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under t
Slide 4: Why Invest in Fury Gold Mines
Why Invest in Fury Gold Mines Fury is a Canadian Focused, Advanced High-grade Gold Explorer PROPERTIES STRONG Completed 2022 TREASURY exploration of Strong balance sheet multiple projects in with C$12.5M in Quebec. treasury and 59.5M Multiple opportunities shares in marketable for large discoveries
Slide 5: Experienced and Balanced Management Team
Experienced and Balanced Management Team Management Team TIM CLARK LYNSEY SHERRY MICHAEL BRYAN ATKINSON CEO & Director CFO & Corporate Secretary HENRICHSEN SVP, Exploration Chief Geological Officer Independent Directors JEFFREY MASON STEVE COOK MICHAEL HOFFMAN SAGA WILLIAMS Lead Director Managed mul
Slide 6: Advancing High-Grade, Low-Risk Gold Portfolio
Advancing High-Grade, Low-Risk Gold Portfolio Committee Bay Nunavut, MRE ‘17 Ind 2: 524,000 oz at 7.85g/t Au Inf 2: 720,000 oz at 7.64 g/t Au Éléonore South JV Pursuing multi-million- (50.022%) Operator ounce discoveries Quebec Dolly Varden Eau Claire Kitsault Valley Project Quebec, PEA‘18 26% Fury
Slide 7: Transformational Corporate Transaction
Transformational Corporate Transaction Fury Sold 100% Interest in Homestake Ridge to Dolly Varden Silver FURY received C$5M cash payment & 76,504,590 common shares of Dolly Varden Silver In October 2022, Fury sold 17 million Dolly Varden Common shares for cash proceeds of C$6.8M and now holds 59,504
Slide 8: Environment, Social and Governance
Environment, Social and Governance Build Upon Existing Relationships to Ensure Meaningful Engagement Environment Stewardship training for project contractors, drillers Initiating environmental base lines studies at Eau Claire Fury strives to Renewable energy – Hydro QC EM1 power station 18km a
Slide 9: Digbee Awarded ESG Ratings
Digbee Awarded ESG Ratings Independent ESG Evaluation for Accuracy and Credibility In March 2022, Digbee conducted an independent assessment of Fury’s ESG policies and management at the corporate and project levels. A team of qualified Mining ESG experts manually reviewed Digbee’s submission against
Slide 10: Excellent Access to Infrastructure
Excellent Access to Infrastructure Eeyou Istchee James Bay Region of Quebec Quebec 99.8% Top 4 30% Cheaper Discounted Hydro Hydro Power than Other Contract Rate Hydro Power Power Producer G7 Countries to Mining 10
Slide 11: Eau Claire – 13 High Priority Targets Advancing to Drill Stage
Eau Claire – 13 High Priority Targets Advancing to Drill Stage 30km of discovery potential along the Cannard deformation corridor (55,000 ha.) Six robust targets drilled in 2022 – results pending for 50% of drilled meters. Eau Claire Deposit remains open along strike and down dip. 11
Slide 12: Eau Claire – Deposit Trend Long Section
Eau Claire – Deposit Trend Long Section Over 25% increase to the mineralized footprint of the Eau Claire Resource realized at the Hinge Target alone. Resource remains open. 12
Slide 13: Percival Opportunity For Considerable Discoveries
Percival Opportunity For Considerable Discoveries 3D Magnetics Inversion Mineralization at margin of folded, steeply plunging magnetic stratigraphy Mineralization open to expand down plunge and along parallel fold hinges Eight holes completed in 2022, 3 at the parallel hinge exploration target and 5
Slide 14: Éléonore South JV – Project Location
Éléonore South JV – Project Location Located in the James Bay Region of Quebec. 2022 ESJV Site Visit Land Position: 14,700 ha Fury (50.022%) and Newmont (49.978%) - Fury currently acts as manager and operator of the joint venture on behalf of the partners 2021 exploration program identified nine dis
Slide 15: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 100% ownership of a 300km greenstone belt (297,000 ha.) Significant resource expansion potential – 120-metre step out open along plunge and down-dip Emerging importance of mineralization in shear zone
Slide 16: Share Structure and Analyst Coverage
Share Structure and Analyst Coverage Share Structure (As of October 24, 2022) Newmont Management 5.6% & Directors 2.0% SHARES FULLY OUTSTANDING DILUTED Close Associates 139.5M 152.5M 23.9% OPTIONS WARRANTS ($1.44 avg. price) ($1.20 avg. price) 8.9M 7.5M Retail 56.7% Institutional MARKET CAP CASH 11.
Slide 17: Stock Chart
Stock Chart Intersected Gold Drilled 59.3 g/t Au over Drilled 9.36 g/t Bearing Structure 1m & 8.87 g/t Au over Gold over 3m at 660m Down Plunge 3m East of Eau Claire the Hinge Target at Eau Claire Intercepted 23.27 Drilled 6.04m of 11.56 g/t Gold Over Drilled 13.93 g/t g/t Gold Outside of the 7.09m
Slide 18: 4Q22 Potential Catalysts
4Q22 Potential Catalysts Continued Exploration in Quebec EAU CLAIRE Completed 2022 drilling targeting four areas for significant resource expansion (Hinge, Gap, Eastern Extension and North Limb) PERCIVAL Extending high grade mineralization down plunge of historical drilling Exploring along parallel
Slide 19: Appendix
APPENDIX
Slide 20: Eau Claire – Eeyou Istchee James Bay Region of Quebec
Eau Claire – Eeyou Istchee James Bay Region of Quebec 2018 PEA Highlights NPV(5%) @ US$1,500 oz/Au: C$397M IRR (after-tax): 27% AISC: C$746/oz Au Total CAPEX: $283M ($175M initial; $108M LOM sustaining) 951koz Au produced @ 1,500 tpd over 12 years Payback: 3.1 years Open Pit (surface to 150 m) Under
Slide 21: 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 Over 297,000 hectares Belt-wide geochem and ge
Slide 22: Contact
Contact: +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com
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