NexGold Mining's (Ticker: NEXG.v or NXGCF for US investors) latest investor deck outlines how the company is working to become Canada’s newest and most advanced gold developer. 

NEXG controls a portfolio of five projects across Canada and the U.S., including its two flagship assets: the Goliath Gold Complex in Ontario and the Goldboro Gold Project in Nova Scotia.

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Advancing Two Permitted Gold Mines

The investor presentation highlights NEXG’s focus on advancing two near-production assets, both of which already have key environmental permits:

• Goliath Gold Complex (Ontario)  
  • 2023 Pre-Feasibility Study (PFS):  
    • After-tax NPV5% of C$336M and 25.4% IRR at a highly conservative US$1,750/oz gold price  
    • 13-year mine life, producing an average 109K AuEq oz per year (first 9 years)  
  • Recent drilling at the Fold Nose zone intersected 10.98 g/t Au over 10.5m and 6.97 g/t Au over 7.1m, reinforcing the potential for resource expansion.

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• Goldboro Gold Project (Nova Scotia)  
  • 2021 Feasibility Study (FS):  
    • After-tax NPV5% of C$328M and 25.5% IRR at a highly conservative US$1,600/oz gold price  
    • 10.9-year mine life, with 100K Au oz/year average production  
  • Fully permitted and near key infrastructure  

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Exploration Programs Driving Growth  

NEXG is advancing aggressive drill programs at both Goliath and Goldboro to expand resources and support upcoming development milestones.  

• Goliath Gold Complex (Ontario)  
  • Phase 2 diamond drilling is underway, targeting up to 13,000m as part of a larger 25,000m multi-phase campaign.  
    •  Key objectives include expanding mineralization, testing high-grade plunging shoots near the existing 2.1Moz M&I resource and exploring a two-kilometre strike extension southwest of the Goldlund Deposit
• Goldboro Gold Project (Nova Scotia)  
  • A 25,000m drill program is in progress to support a 2025 Mineral Resource Estimate (MRE) update and Feasibility Study.  
    • Recent drilling extended known gold mineralization by 450m beyond the current resource, reinforcing the potential for additional open-pit ounces.  

Strong Financial and Strategic Position

NEXG is well-funded with ~C$25M in cash (pro forma as of Q3 2024) and a market capitalization of ~C$100M. The company boasts a strong shareholder base, including Frank Giustra (8.6%), Sprott (9.3%), and institutional investors (22.5%).

Path to Production and Growth

With active exploration at both flagship projects, NEXG is expanding its resource base while advancing toward production. At the same time, the company is progressing exploration across its broader portfolio, including the Niblack copper-gold project in Alaska. Supported by a leadership team of mining engineers, experienced mine builders, and financial experts, NEXG is focused on driving its key assets toward production while identifying new growth opportunities.

Full investor's deck here: https://nexgold.com/wp-content/uploads/2025/01/NEXG-Corporate-Presentation-Jan-2025.pdf

Posted on behalf of NexGold Mining Corp.