NeXGold Mining (NEXG) Corporate presentation summary

Company overview and strategic positioning

• Result of a merger, consolidating over 60,000 hectares of mineral lands and flagship projects in Ontario and Nova Scotia.

• Enhanced asset diversification, operational synergies, and a strengthened balance sheet post-merger.

• Management team with over 200 years of combined experience and a seasoned board.

• Shareholder vote scheduled for December 6, 2024, with regulatory compliance and integration strategies in place.

Project portfolio and financial highlights

• Flagship assets: Goliath Gold Complex (Ontario) and Goldboro Project (Nova Scotia), both with significant mineral reserves.

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

• Goliath: Post-tax NPV5% of C$336M, IRR 25.4%, 13-year mine life, 91Koz annual production.

• Goldboro: Post-tax NPV5% of C$328M, IRR 25.5%, 11-year mine life, 100Koz annual production.

• Pro forma market capitalization of ~$111.5M, with a cash position of ~$25M and US$12M in debt.

Goliath Gold Complex details

• 100% owned, 330km² property with three deposits and 65km of prospective strike length.

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

• Robust infrastructure: proximity to highways, rail, power, and skilled workforce.

• Updated mineral resource: 2.1Moz Measured & Indicated, 0.8Moz Inferred.

• PFS highlights: C$336M NPV5%, 25.4% IRR, 13-year mine life, 92.8% gold recovery, US$1,072/oz AISC.