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.

• Leadership team with over 200 years of combined experience in mining, finance, and operations.

• Positive shareholder and regulatory approvals, with the merger completed in December 2024.

Financial and operational highlights

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

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

• Targeted average annual production: 91,000 oz at Goliath (13+ years), 100,000 oz at Goldboro (11 years).

• Market capitalization of C$121.3M, cash position of ~$21M, and US$12M in debt post-restructuring.

• Institutional ownership at 26.5%, with significant positions held by Frank Giustra, Extract, and Sprott.

Project details: Goliath Gold Complex

• 100%-owned, 330 km² property with three deposits (Goliath, Goldlund, Miller) and 65 km of prospective strike length.

• Federal Environmental Assessment approval received in 2019, de-risking the project.

• Robust PFS: 13-year mine life, >100koz annual production in first 9 years, 92.8% gold recovery, C$336M NPV5%, 25.4% IRR.

• LOM cash cost US$935/oz, AISC US$1,072/oz, initial capex C$335M, payback in 2.8 years.

• Ongoing 25,000m drill program targeting resource expansion.