Nordgold: Montagne dOr Deposit Acquisition Enhancing our Future - - PowerPoint PPT Presentation

Nordgold: Montagne d’Or Deposit Acquisition

Enhancing our Future Growth Profile

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September 2013

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Disclaimer

Information contained in this presentation concerns Nord Gold N.V., a company organized and existing under the laws of Netherlands (the “Company”, and together with its subsidiaries, the “Group”), and is for general information purposes only. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. The Company relies

• n information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.

These materials may contain forward-looking statements regarding future events or the future financial performance of the Group. One can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “could”, “may”, or “might”, the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Group’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Group

• perates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on

circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees

• f future performance and that the Groups’ actual results of operations, financial condition, liquidity, prospects, growth, strategies and

the development of the industry in which the Group operates may differ materially from those described in or suggested by the forward- looking statements contained in these materials. In addition, even if the Group’s results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in these materials, those results or developments may not be indicative of results or developments in future

• periods. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof
• r to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained

in forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in the states where the Group operates, changes in the world [gold] market, as well as many other risks specifically related to the Group and its operations. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its shareholders, directors, officers or employees or any

• ther person as to the accuracy, completeness or fairness of the information or opinions contained in these materials. None of the

Company nor any of its shareholders, directors, officers or any other person accepts any liability whatsoever for any loss howsoever arising from any use of the contents of this presentation or otherwise arising in connection therewith. The presentation and the information contained herein does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities of the Company have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”). Accordingly, the securities of the Company may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities

• Act. The Company does not intend to conduct a public offering of any securities in the United States

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Transaction Terms

♦ Nordgold may earn a 50.01% in Montagne d’Or deposit owned by Columbus Gold Corp’s (GCT: TSX-V) by investing over 3 years not less than US$30mln in staged work expenditures and completing a Bankable Feasibility Study (BFS) of the Project.

Proposed Transaction

♦ Nordgold will pay US$4.2mln before May 21, 2014 ♦ Nordgold will fund a further US$7 mln before September 17, 2014 ♦ Nordgold will fund a further US$7 mln before September 17, 2015 ♦ Nordgold will fund a further US$11.8mln before September 17, 2016

Indicative Timeline

♦ Columbus Gold must purchase an underlying royalty on the project ♦ Agreement is subject to approval of the TSX Venture Exchange

Other

♦ Columbus Gold before November 21, 2013 will exercise the option to acquire an underlying royalty on the Project. Nordgold will make a first payment of US$4.2mln to Columbus in 5 months thereafter ♦ Nordgold will fund a further US$25.8mln in 3 tranches before September 17, 2016. ♦ Nordgold will complete BFS before September 17, 2016

Structure

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Acquisition Rationale

Geology is similar to one of our African assets: geological continuity between the Guiana Shield and the Buriman Shield of West Africa



Located in a country with low risk jurisdiction Large resource base of non-refractory ore with decent gold grade: 58.1Mt @2.22g/t Au (4.15Moz of Au) at 1.0g/t Au cut-off Simple open-pit mining conditions with key infrastructure already in place Nordgold recently hired operational team with the wide experience of the international greenfield project launch Good recovery rate expected: preliminary metallurgical testing showed 85% without taking into account by-products (copper and silver)

     

Flexible deal structure let Nordgold exit from the project after BFS completed with the limited potential losses

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Montagne d’Or: High-Quality Project in Low Risk Jurisdiction

Brief Overview Project highlights Deposit location Mine Map

Location Country France (French Guiana) Location 180 kilometres away from the capital, Cayenne, 115 km away from port of St Laurent Infrastructure Key infrastructure already in place. 40km

• f the road will be upgraded to all-

season road Project characteristics Ownership Nordgold has right to earn 50.01% Mine type Open pit Development stage Advanced exploration. In-fill drilling to convert Inferred resource into Indicated will be done in Q4 2013- Q1 2014 Inferred resources 4,150 koz at 2.22 g/t at a cut-off 1.0gt Au Scoping study 2014 Bankable Feasibility study 2016

• Large high grade deposit in politically stable jurisdiction,

geologically similar to West Africa

• Mining optimization shows good potential for low to moderate strip

ratio high grade open pit operation

• Significant exploration upside at the flanks of the deposit, silver by-

product is not yet taken into account

• Mining concession valid till 2019, renewable for 25 years
• Potential to connect to the EDF power grid
• No settlements in the vicinity of the deposit, very low risk of

community relation issues (south)

Montagne d’Or Gold Deposit

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Montagne d’Or: Drill-Defined Gold Zones

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Montagne d’Or: Cross-Section

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Montagne d’Or: Gold Resource at Various Cut-offs

Montagne d'Or Grade Tonnage Report * Paul Isnard Project, French Guiana Category Cut-off Grade (g/t Au) Million Tonnes Average Grade (g/t Au) Contained Gold (M oz Inferred) Inferred Resources 0.3 117.1 1.43 5.37 0.4 111.2 1.48 5.30 0.5 101.9 1.58 5.17 0.7 81.7 1.82 4.78 1.0 58.1 2.22 4.15

* For complete disclosure of the mineral resource refer to the Columbus Gold news release dated February 3, 2013. For parameters and methods used to estimate the mineral resources please refer to the Mineral Resource Estimate NI 43-101 Technical Report, Coffey Mining, November 23, 2012, available on the Columbus Gold Corp website and filed on Sedar.

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French Guiana: Promising Region with Familiar Geology

PANGEA

French Guiana 225 million years ago the Guiana Shield of South America and the Birimian Shield of West Africa were joined

• Geological continuity between the Guiana Shield and the Birimian Shield of West Africa.
• +250 Moz gold production and resources contained in the greenstone belts of the Birimian Shield (Source BRGM).
• The Guiana Shield is VERY under-explored relative to the Birimian Shield (15yrs vs. 100yrs exploration history).
• Extensive greenstone coverage of French Guiana (approx. 35,000 km2).
• Currently limited competitive gold exploration activity in French Guiana.

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French Guiana: Politics

Location

French Guiana

BRAZIL

South America Pacific Ocean Atlantic Ocean

Suriname Guyana Venezuela Colombia Cayenne - Capital City of French Guiana

• One of 27 Regions of France; security of tenure.
• Population 229,000 (Cayenne 120,000).
• Ready labour force (25% unemployment).
• Limited industry, therefore eager to develop gold

mining.

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French Guiana: Geology and Deposits

~35,000 km2 in Greenstone Terrain

* Inferred Resources: 117.1 Mt @ 1.43 g/t Au (5.37 Moz.)

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Contact

Nordgold Investor Relations

Alexey Shchedrin Director of corporate communications and IR Luna ArenA, Herikerbergweg 238 1101 CM Amsterdam Zuidoost The Netherlands T +31 20 406 4480 F +31 20 406 4555 M +7 917 502 20 48 E alexey.shchedrin@nordgold.com W www.nordgold.com Valentina Bogomolova IR Manager M +7 916 474 59 96 E va.bogomolova@nordgold.com