NEXG Presentation at Precious Metals Summit Conference "Let me tell you a story about a gold company, how it was formed and why we have three million ounces and one of the top three buildable assets within the next sixteen months in Ontario, a safe jurisdiction with a team that can actually execute.
Today, NexGold Mining's (NEXG.v NXGCF) President, Morgan Lekstrom, presented at the 2024 Precious Metals Summit Beaver Creek, highlighting the company's path to becoming the next mid-tier gold producer: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/11/nexgold-mining-corp/play/stream/38856
Trading under the ticker NEXG on the TSX Venture Exchange, NEXG was formed by the combination of Treasury Metals and Blackwolf Copper and Gold
Key Project: Goliath Gold Complex (GGC)
- 100% ownership of the GGC, located in Northwestern Ontario.
- Total measured and indicated resources of 2.1 Moz of gold and 0.8 Moz inferred.
- Includes 67,711 kt of measured and indicated resources, with 32,571 kt inferred.
- Wildly underexplored: 65km strike with the resource in less than 10% of that
- Access to world-class infrastructure, including highways, rail, and power, facilitating efficient logistics.
- Equipped with a pre-existing ADR facility and permitted pits, providing the infrastructure needed for immediate production.
Project Economics & Capital Efficiency
- At a gold price of $1,750/oz, the Goliath Gold Complex shows a post-tax NPV of $336 million with a 25.4% IRR.
- When the gold price increases to $2,150/oz, NPV rises to $625 million with a 41.1% IRR.
- The project has a projected cash cost of $892/oz and an AISC of $1,037/oz.
- Initial capital expenditure is estimated at $335 million, with a payback period of under 2 years at $2,150/oz gold.
- The project has a life-of-mine (LOM) of 13 years, with an expected annual production of 109,000 ounces of gold in the first 9 years.
Strategic Vision and Growth Potential
- Commenced 25,000m drill program to show expansion potential
- Focused on production-backed exploration to generate revenue while minimizing dilution.
- Leverage its strong shareholder base alongside strong institutional and insider ownership including notable investors like Frank Giustra and Eric Sprott.
- Fully funded for exploration through 2026, with a $15.5 million treasury.
- Aim to transition the Goliath Gold Complex into a fully operational mine while considering further acquisitions to grow its portfolio.
- Significant exploration upside, with further resource expansion potential.
Positioned for substantial growth, driven by its robust resource base, fully developed infrastructure, and favorable market conditions for gold, NEXG's strategic focus on production-backed exploration and its strong financial position ensure it is well-equipped to take advantage of future opportunities in the gold sector.
Posted on Behalf of NexGold Mining Corp.