NeXGold Mining (NEXG) investor relations material

Strategic vision and growth trajectory

• Aims to become a leading Canadian mid-tier gold producer with two advanced projects targeting over 200,000 oz/year gold production and potential to reach 350,000 oz/year organically.

• Built portfolio through strategic M&A, combining Goldboro and Goliath Gold Complex, and completed key acquisitions in 2024.

• Secured all major permits for Goldboro, implemented First Nations agreements, and established clear financing pathways.

• Maintains a strong cash position exceeding $100M and is debt-free, with additional project financing in place.

Project portfolio and development plans

• Goldboro Gold Project (Nova Scotia): 10.9-year mine life, 2.6Moz M&I resources, >100Koz/year production, C$328M after-tax NPV, fully permitted for construction.

• Goliath Gold Complex (Ontario): 13+ year mine life, 2.1Moz M&I resources, >100Koz/year production, C$336M after-tax NPV, robust open pit and underground operation.

• Both projects have significant exploration upside, with Goldboro showing high-grade drill results and expansion potential along strike and at depth.

• 2026 plans include updated feasibility studies, infill drilling, detailed engineering, and early works construction at Goldboro; optimization and exploration at Goliath.

Financial and market positioning

• Market capitalization of $462M as of February 2026, with over 245M shares outstanding and strong institutional ownership.

• Positioned for a valuation re-rate relative to peers, with two near-permitted projects in a tier-1 jurisdiction.

• Goldboro and Goliath projects offer attractive economics: low AISC (Goldboro: $849/oz, Goliath: $1,037/oz), high IRRs (25%+), and rapid payback periods.

• Clear catalysts include the Goldboro construction decision and ongoing exploration success.