Goldboro Gold

Company Profile

NexGold Mining Corp. (TSXV: NEXG, OTCQX: NXGCF) is a Canadian gold exploration and development company with two cornerstone gold projects – the fully-permitted, shovel-ready Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario. Through a series of strategic M&A transactions, the Company reduced single-asset risk, eliminated major third-party debt, and bolstered cash reserves to advance its material projects toward financing and construction. With permits secured at Goldboro, progress at the Goliath Complex, and additional assets in Canada and Alaska, NexGold is positioned as one of Canada’s newest and most advanced gold developers. 

Project Profile

The Goldboro Gold Project is being advanced by NexGold in Guysborough County, Nova Scotia, approximately 1.6 km north of the village of Goldboro. Located along Route 316, the project benefits from nearby infrastructure, services and skilled labour, helping support efficient access and future project development. The Project currently has an NI 43-101 compliant Mineral Resource Estimate of 2.58 million ounces of gold contained in 21.6 million tonnes grading 3.72 g/t gold, and a projected mine life of approximately 11 years at a targeted annual production of approximately 100,000 ounces of gold per year initially, plus organic expansion opportunities. With all major federal and provincial permits in hand, Goldboro is shovel-ready and expecting a construction decision in the second half of 2026. 

Investor Highlights

Minerals:

• Primary Commodity: Gold
• All Commodities: Gold
• Most Recent Study: NI 43-101 Feasibility Study dated January 11, 2022. An updated Feasibility Study is currently underway and is anticipated by the end of Q3 2026
• Estimated Mine Life (Years): 10.9
• RESOURCE INFORMATION  
• Reserves: 1.15 million ounces of gold contained in 15.8 million tonnes grading 2.26 g/t gold, classified as Probable Mineral Reserves
• Measured & Indicated Resources: 2.58 million ounces of gold contained in 21.6 million tonnes grading 3.72 g/t gold. Mineral Resources are inclusive of Mineral Reserves

Investor Snapshot

Project Sector: Gold Mining – Open Pit Development Project

Current Stage: Fully permitted/Major permits received, advanced-stage gold development project. An updated Mineral Resource Estimate and Feasibility Study are underway, with project financing and a final investment decision planned following completion of the updated study.

Capital Costs (US$): US$217 million (approximately C$271 million initial capital cost based on the 2021 Feasibility Study). Note: an upcoming updated Feasibility Study will include revised capital cost estimates.

Internal Rate of Return (IRR): 25.5% after-tax IRR (2021 Feasibility Study, based on US$1,600/oz gold).

Seeking investment: Project financing to support construction of the Goldboro Gold Project. Financing options may include a combination of equity, debt, and strategic financing arrangements as the project advances toward a final investment decision