Mayfair Gold Corp. · TSXV:MFG
Mayfair Gold — Investor Presentation (January 2024)
39 slides from Mayfair Gold's investor presentation, January 2024
Slide 1: Fenn-Gib Gold Project
FENN-GIB GOLD PROJECT J A N U A R Y 2 0 2 4 TSX.V: MFG OTCQB: MFGCF FRA: 9M5 Canada’s First Carbon Neutral Gold Project Vision to Build Zero Carbon Mine
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains "forward-looking information" for purposes of applicable securities laws ("forward-looking statements"). Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on the Company's current beli
Slide 3: Current Status
CURRENT STATUS ASSESSING DEVELOPMENT OPTIONS INDICATED RESOURCE 3.38Moz @ 0.93 G/T AU PFS-LEVEL METALLURGICAL TESTING COMPLETED PFS-LEVEL GEOTECH STUDY COMPLETED BASELINE STUDIES ONGOING (3 YEARS) PRE-FEASIBILITY STUDY START Q1 2024 2
Slide 4: Fenn-Gib: Top Tier Mining Jurisdiction
FENN-GIB: TOP TIER MINING JURSIDICTION North Block straddles South Block straddles 4,800 ha: Numerous gold the Pipestone Fault: the Porcupine Fault: occurrences across North Block and hosts current +3 Moz under-explored: no both North and South NI 43-101 resource road access Blocks South Block 3
Slide 5: Fenn-Gib Deposit: Key Attributes
FENN-GIB DEPOSIT: KEY ATTRIBUTES Location • Excellent access: adjacent to Highway 101, 20km east of Matheson • Renewable grid power, abundant water, and large, skilled labor pool • No camp required • Suitable for remote operations with high-speed connectivity Geology • Broad disseminated mineralizat
Slide 6: Fenn-Gib Deposit
FENN-GIB DEPOSIT Interim Resource: Indicated 113.7M tonnes @ 0.93 g/t 5
Slide 7: Fenn-Gib Deposit
FENN-GIB DEPOSIT Potential Open -Pit, Large Tonnage, Low Strip 6
Slide 8: Fenn-Gib Deposit: Conceptual Pit
FENN-GIB DEPOSIT: CONCEPTUAL PIT CONCEPTUAL OPEN -PIT Similar to Ernest Henry Open Pit: Depth 570m, Diameter 1.3km 7
Slide 9: Bulk Tonnage Deposits: Detour Lake
BULK TONNAGE DEPOSITS: DETOUR LAKE Current Resource: M&I 277.46Mt @ 0.91 g/t Lenth 3.5km Width 1.2km Ultimate depth 624m 8
Slide 10: Mineral Resource: April 2023
MINERAL RESOURCE: APRIL 2023 HIGH QUALITY, BULK-MINEABLE RESOURCE • Based on assays of 113,800m of drilling (currently +152,000m) • Pit constrained Indicated resource: 113.7 Mt @ 0.93 g/t Au for 3.38Moz • Pit constrained Inferred resource: 5.7M tonnes @ 0.85 g/t Au for 0.16Moz • Broad disseminated m
Slide 11: Fenn-Gib Mineral Resource Update
FENN-GIB MINERAL RESOURCE UPDATE Based on 113,800m of 140,000m Drill Program (50 ° Pit Slope) Open-Pit Cut-Off Grade Au Ounces Class Tonnes Grade (g/t Au) (oz) Indicated 0.40 113,687,000 0.93 3,383,000 Inferred 0.40 5,724,000 0.85 157,000 Source: Tim Maunula, P. Geo, T Maunula & Associates Consultin
Slide 12: Metallurgical Testing
METALLURGICAL TESTING WORLD CLASS GOLD RECOVERIES • Advanced met testing for PFS completed at SGS • Two recommended flowsheets: • Flotation to Final Concentrate—98% Au recoveries • Flotation – Regrind – Cyanidation—94% Au recoveries • Phase 1: Flotation to Final Concentrate for offsite treatment • C
Slide 13: Flowsheet Options
FLOWSHEET OPTIONS FLOW SHEETS SIMILAR TO NORTHERN STAR’S KCGM OPERATION 12
Slide 14: High-Grade Starter Pit
HIGH-GRADE STARTER PIT +600,000 oz @ ~1.35 g/t – Rapid Repayment of Capital 13
Slide 15: Infill, Expansion and Exploration Drilling
INFILL, EXPANSION AND EXPLORATION DRILLING 1. Main Deposit: infill drilling complete 2. East Extension: drilling to continue 3. Contact Zone: drilling completed 4. Footwall Zone: drilling underway 5. Exploration drilling: drilling underway 14
Slide 16: Eastern Extension
EASTERN EXTENSION High-Grade Zone Plunging to the Southeast 15
Slide 17: Contact Zone: Below Pit
CONTACT ZONE: BELOW PIT High-Grade Main Zone Plunging to the Southeast: Underground Potential 16
Slide 18: Contact Zone Drilling
CONTACT ZONE DRILLING MAYFAIRCOLD coro a g 41.14 g/tAu / 496.0m nc. 2.84 e/tAu /21.0m & eftAu /19.0m8 2.40 g/tAu /31.2mincl. ‘5.45 g/tau /19.0m 5 & a 0 Ge (0.61 g/tAu /168.2m inl Lad g/t Au /38.1m et 2023 resource pit shell "28% ell 0.73g/tAu /47.0m Wa H i 16 g/tAu /42imindl 1.60 g/t Au /209.0m inet
Slide 19: Contact Zone: Underground Potential
CONTACT ZONE: UNDERGROUND POTENTIAL Footwall Zone Main Deposit Contact Zone 18
Slide 20: Footwall Zone Discovery
FOOTWALL ZONE DISCOVERY Footwall Zone Mafic Volcanics Main Zone Pyroxenite Porcupine Sediments 7 Open-Pit METERS MAYFAIRCOLD
Slide 21: Footwall Zone Discovery
FOOTWALL ZONE DISCOVERY FG21-211 FG21-215 FG21-218 2021 JDS FG22-222 Conceptual FG21-220 Pit Outline FG22-215 2.88 g/t Au over Fenn-Gib 49.0m incl Zone 6.53 g/t Au over 17.5m FG22-218 0.71 g/t Au over 92.0m incl. 2.15 g/t Au over 10.0 FG22-218 2.40 g/t Au over 47.4m incl. 0.0 12.5 3.83 g/t Au over 4
Slide 22: Footwall Zone Model
FOOTWALL ZONE MODEL ~800m +700m 21
Slide 23: Footwall Zone Model
FOOTWALL ZONE MODEL FG23-311 secondary altered/mineralized Mafic volcanics (i setimentary rocks (Porcupine Group Sediments) IHF afc vteanirocks massive plowed vail ws) [Ty tere mate vokanc rocks (erced, serie carbonate aie atered) BiB vrramaticvoeaic rocks (a Frersiteatered amas okanc rook (geencarb
Slide 24: North Block Regional Exploration: IP Targets
NORTH BLOCK REGIONAL EXPLORATION: IP TARGETS Fenn-Gib Deposit 23
Slide 25: South Block: Potential for New Discoveries
SOUTH BLOCK: POTENTIAL FOR NEW DISCOVERIES 24
Slide 26: South Block: Airborne Mag Survey
SOUTH BLOCK: AIRBORNE MAG SURVEY 25
Slide 27: South Block Ground Geophysics
SOUTH BLOCK GROUND GEOPHYSICS 26
Slide 28: ESG Vision: Carbon Neutral Gold Mine
ESG VISION: CARBON NEUTRAL GOLD MINE CANADA’S FIRST NET ZERO CARBON GOLD PROJECT 27
Slide 29: ESG Vision: Zero Carbon Gold Mine
ESG VISION: VISION: ZERO CARBON GOLD MINE OPPORTUNTIES TO DECARBONIZE • Mobile fleet emits +50% of GHG: Alternatives: hydrogen/battery electric • Processing emits +30% of GHG: Renewable hydropower • Heating emits 5-10% of GHG: Renewable hydropower • Drilling and blasting emits +5% of GHG: Battery el
Slide 30: Capital Structure & Major Shareholders
CAPITAL STRUCTURE & MAJOR SHAREHOLDERS CAPITAL STRUCTURE MAJOR SHAREHOLDERS Shares Outstanding 100.3M Options 8.03M ➢Insiders ~28% Warrants Nil Fully Diluted 108.3M ➢HNW retail ~18% Market Cap ~C$260M ➢Muddy Waters Capital +16% CASH End Q3 C$6.8M ➢Canadian pension plan +5% Current ~C$13.0M 29
Slide 31: Summary
SUMMARY LOW RISK, SUSTAINABLE ASSET • JURISDICTION: Low risk; security of title • LOCATION: Low risk; abundant power, water, labor • GEOLOGY: Low risk; outcropping; bulk mineable • METALLURGY: Low risk; standard flowsheet options; high recoveries • DEVELOPMENT: Low risk; conventional development • C
Slide 32: Vision
VISION TARGET: TIER-ONE ASSET CURRENT RESOURCE: 3.38Moz INDICATED “FIRST MINE” TARGET: 4Moz NORTH BLOCK REGIONAL TARGET: +1Moz SOUTH BLOCK REGIONAL TARGETS: +1Moz FENN-GIB TARGET: +5Moz 31
Slide 33: Mayfair Gold Corp
MAYFAIR Patrick Evans GOLD CORP President and CEO WWW.MAYFAIRGOLD.CA TSX.V: MFG OTC: MFGCF FRA: 9M5 PATRICK@MAYFAIRGOLD.CA (800) 342-6705 32
Slide 34: Appendices
APPENDICES A.1 History A.2 Leadership A.3 2023 Business Plan A.4 Interim resource update (Oct. 2022) A.5 Fenn-Gib Development Options
Slide 35: Mayfair Gold Acquisition of Fenn-Gib
MAYFAIR GOLD ACQUISTION OF FENN-GIB: Asset Owned for 36 Months, Public for 32 Months First drill turning JANUARY 19 2021 2022 2023 DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC DECEMBER 31 Dec 2023
Slide 36: Leadership
LEADERSHIP MANAGEMENT BOARD OF DIRECTORS Patrick Evans Howard Bird Harry Pokrandt Doug Cater CEO VICE PRESIDENT EXPLORATION Chairman ▪ 23+ years of senior management ▪ 30+ years of exploration, ▪ 30+ years of capital markets ▪ Professional geologist with +35 experience at public mining development a
Slide 37: 2024 Business Plan
2024 BUSINESS PLAN 30,000m Phase 5 drill program Resource update Q2 2024 Pre-feasibility study H1 2024 Underway Planned Planned Regional exploration Baseline environmental studies Definitive feasibility study Underway Year 4 underway Planned TIMELINE TO DEVELOPMENT OF FIRST MINE 2025 2026 Permitting
Slide 38: Fenn-Gib Interim Resource Update
FENN-GIB INTERIM RESOURCE UPDATE Gold Cut- Resources Tonnage Gold Grade Gold Ounces Off Grade Category (T X 1000) (g/t) (oz) (g/t) Pit-Constrained Resources 0.70 57,004 1.32 2,418,000 0.60 70,830 1.19 2,706,000 0.55 79,449 1.12 2,865,000 0.50 89,424 1.06 3,033,000 0.45 100,785 0.99 3,206,000 Indicat
Slide 39: Fenn-Gib Development Options
FENN-GIB DEVELOPMENT OPTIONS FENN-GIB PROJECT HWY 101 BLACK FOX MINE A.5