NeXGold Mining (NEXG) Corporate presentation summary

Company overview and strategic positioning

• Formed from the merger of NexGold Mining Corp. and Signal Gold Inc., consolidating over 60,000 hectares of mineral lands in Canada.

• Flagship assets include the Goliath Gold Complex in Ontario and the Goldboro Project in Nova Scotia.

• Enhanced asset diversification and operational synergies, with a strengthened balance sheet and improved market liquidity.

• Management team and board bring over 200 years of combined mining and finance experience.

• Shareholder and regulatory approvals completed in December 2024, ensuring effective integration.

Financial and operational highlights

• Combined mineral reserves of approximately 2.4 million gold equivalent ounces.

• Goliath: Post-tax NPV5% of C$336M, IRR 25.4% at US$1,750/oz gold; Goldboro: Post-tax NPV5% of C$328M, IRR 25.5% at US$1,600/oz gold.

• Targeted average annual production: 91 koz at Goliath (13+ years), 100 koz at Goldboro (11 years).

• Market capitalization of C$130.3M, cash position of C$8.5M, and US$12M in debt post-restructuring.

• Institutional investors hold 40% of shares, with significant insider and retail ownership.

Project portfolio and development status

• Goliath Gold Complex comprises Goliath, Goldlund, and Miller deposits, with 100% ownership and federal environmental approval.

• Goliath PFS highlights: 13-year mine life, >100 koz/year in first 9 years, 92.8% gold recovery, C$335M initial capex, 2.8-year payback.

• Goldboro is the largest undeveloped gold deposit in Nova Scotia, with provincial EA approval, mining leases, and strong community agreements.

• Goldboro FS: 11-year open pit mine life, 100 koz/year, 95.8% recovery, C$271M initial capex, 2.9-year payback.

• Both projects show significant leverage to higher gold prices, with NPVs increasing substantially at spot prices.