NeXGold Mining (NEXG) Corporate presentation summary

Strategic vision and growth trajectory

• Aims to become a leading Canadian mid-tier gold producer with two advanced projects targeting over 200,000 oz/year production and potential to reach 350,000 oz/year organically.

• Built portfolio through strategic M&A, acquiring Blackwolf Copper and Gold and Signal Gold, consolidating Goldboro and Goliath projects.

• Secured all major permits for Goldboro, implemented First Nations Benefits Agreement, and completed significant equity and project financing.

• Well-funded with over C$100M cash and a clear financing path for Goldboro, including a US$175M project financing LOI.

• Positioned for a market re-rate, trading at a discount to peers with significant upside potential as projects advance.

Project portfolio and development plans

• Goldboro (Nova Scotia): 10.9-year mine life, 2.6Moz M&I resources, +100Koz/year production, C$328M after-tax NPV (5%), IRR 25.5%, fully permitted for construction.

• Goliath Gold Complex (Ontario): 13+ year mine life, 2.1Moz M&I resources, +100Koz/year production, C$336M after-tax NPV (5%), IRR 25.4%, environmental approvals in place.

• Both projects benefit from robust infrastructure, proximity to skilled labor, and strong exploration upside.

• 2026 focus: Goldboro construction decision, feasibility and resource updates, early works; Goliath optimization, infill drilling, and permitting.

Operational and financial highlights

• Combined M&I resources of ~4.7Moz Au, targeting over 200,000 oz/year gold production.

• Goldboro: LOM cash cost US$773/oz, AISC US$849/oz, 95.8% gold recovery, 2.9-year payback at US$1,600/oz gold.

• Goliath: LOM cash cost US$892/oz, AISC US$1,037/oz, 92.8% gold recovery, 2.8-year payback at US$1,750/oz gold.

• Debt-free balance sheet, C$307M market cap, 255.9M shares outstanding, 61% institutional ownership.