Partially permitted, advanced development project in Ontario, which generated Pre-Feasibility Study economics of $652 million NPV5%, and a 41.1% IRR at US$2,150/oz Au. A feasibility study and final permits are in process.
Anchored by cornerstone investor Frank Giustra, a proactive strategy to evaluate potential acquisitions to create path to mid-tier producer status.
Expanded discovery based exploration the 65KM strike at Goliath, Ontario overseen by an experienced team, allowing for dual-track value realization through both development and exploration.
Cash position of $15.5 million will allow NexGold to accelerate development and exploration activities, while executing on plans to increase mineable resources and make new discoveries.