New Murchison Gold (NMG) Investor Presentation summary

Project overview and strategic positioning

• Flagship Garden Gully Gold Project is in the Abbotts Greenstone Belt, near Meekatharra, with proximity to operating gold mines and processing facilities.

• Crown Prince hosts a shallow, high-grade Mineral Resource of 279koz at 3.9g/t Au, with a maiden open pit Ore Reserve of 140koz at 4.8g/t Au.

• The Southeastern Zone has transformed the resource estimate and remains open at depth and along strike, offering underground potential.

• Strategic alliance and Ore Purchase Agreement with Westgold provides a clear pathway to production and leverages existing infrastructure.

• Dual-track strategy focuses on active drilling for resource growth and advancing technical and development workstreams.

Resource, reserve, and exploration upside

• Indicated and Inferred Resource of 2.21Mt at 3.9g/t Au for 279koz, with 81% in the Indicated JORC category.

• Maiden Resource at Southeastern Zone of 184koz at 4.6g/t Au, discovered in late 2022.

• Resource remains open along strike and down dip, with underground growth potential at Southeastern and Main Zones.

• Near-resource and regional exploration programs are ongoing across a 677km² tenure package.

• Several advanced and early-stage prospects, including Lydia, Abbotts, and Crescent, are on granted mining leases.

Crown Prince project development and mine planning

• Feasibility Study outlines pre-tax cash flow of $226m over 30 months at current gold prices, with $5.4m capital expenditure required.

• Mining is expected to commence in June 2025, with first ore sales in August 2025.

• Ore will be sold to Westgold and hauled 33km to the Bluebird Gold Processing Plant.

• Mine layout and technical aspects, including geotechnical, hydrological, and environmental studies, are complete.

• Grade control drilling, bore and pump installation, and pipeline construction are scheduled for early 2025.