NeXGold Mining (NEXG) Corporate presentation summary

Company overview and strategic benefits

• Result of a merger between two mining companies, 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, operational synergies, and a strengthened balance sheet post-merger.

• Improved capital market position and trading liquidity, with a market capitalization of $127.7M.

• Management team with over 200 years of combined experience and a board with members from both legacy companies.

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 gold production: 91 koz (13+ years) at Goliath, 100 koz (11 years) at Goldboro.

• Cash position of ~$21M and debt of US$12M as of March 31, 2025.

• Analyst coverage from Cormark Securities, Paradigm Capital, and Red Cloud.

Project portfolio and development

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

• Goliath PFS: 13-year mine life, >100 koz/year in first 9 years, 92.8% gold recovery, C$336M NPV5%, 2.8-year payback.

• Goldboro: Largest undeveloped gold deposit in Nova Scotia, 11-year open pit mine life, 95.8% gold recovery, C$328M NPV5%, 2.9-year payback.

• Both projects benefit from strong infrastructure access and significant exploration potential for resource expansion.

• Ongoing exploration at Goldboro has traced mineralization over 3.4km, with high-grade drill results and multiple growth targets identified.