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Investor Perception
New Discovered Gold is an rising Canadian gold producer combining a high-grade, district-scale flagship challenge with producing and processing property in Newfoundland and Labrador to speed up manufacturing, generate near-term money stream, and drive long-term development.
Overview
New Discovered Gold (TSXV:NFG,NYSE:NFGC) is an rising Canadian gold producer with property positioned in Newfoundland and Labrador, Canada. The corporate’s portfolio contains its flagship Queensway gold challenge in addition to the lately acquired Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.
Originally of 2025, New Discovered Gold refreshed its board of administrators and administration workforce by including a bunch of skilled mine builders and operators to help the corporate’s transition from exploration to manufacturing and construct off its established exploration experience.
In November 2025, New Discovered Gold accomplished its beforehand introduced acquisition of Maritime Sources, making a diversified gold firm with each improvement and producing property in a top-tier jurisdiction. The transaction introduced collectively two high-quality gold initiatives — Queensway and Hammerdown — and added established processing infrastructure which has positioned the corporate to pursue a transparent path to manufacturing and money stream.
The corporate is presently centered on advancing Queensway towards manufacturing whereas bringing Hammerdown into steady-state gold manufacturing in 2026. This multi-asset strategy is meant to help near-term money stream technology whereas sustaining significant exploration and improvement upside via Queensway’s giant, high-grade gold system.
At Queensway, New Discovered Gold has consolidated a district-scale land place and continues to advance technical work together with infill drilling, grade management drilling, geotechnical research and exploration applications. On the similar time, the corporate’s possession of processing and operational property gives infrastructure optionality as improvement progresses.
Firm Highlights
- Rising Canadian gold producer in a powerful gold value surroundings with a multi-asset base in Newfoundland and Labrador, Canada
- Flagship 100% owned Queensway gold challenge, supported by a preliminary financial evaluation (PEA) (accomplished July 2025) and ongoing environmental baseline work, trade-off research and engineering research
- District-scale land package deal at Queensway totaling over 230,000 hectares and overlaying over 110 kilometres of strike alongside two main fault zones
- Lately acquired Hammerdown operation, focused for steady-state gold manufacturing in 2026
- Possession of the Pine Cove operation (with a permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, offering processing infrastructure
- Strengthened administration workforce and stable shareholder base, together with cornerstone investor Eric Sprott
Key Tasks
Queensway Gold Mission
The 100% owned Queensway gold challenge is New Discovered Gold’s flagship asset and the first driver of long-term worth creation. Situated in central Newfoundland, Queensway now spans over 230,000 hectares, following a accomplished land acquisition from Exploits Discovery Corp., and covers greater than 110 kilometres of strike alongside the Appleton and JBP fault zones, highlighting its district-scale exploration potential.
Aerial view of the Queensway gold challenge, adjoining to the Trans-Canada Freeway close to Gander, Newfoundland and Labrador
In July 2025, New Discovered Gold accomplished a preliminary financial evaluation (PEA) for Queensway, displaying 1.5 Moz gold manufacturing over a 15-year mine life. The PEA outlines a phased improvement technique designed to speed up the challenge’s path to manufacturing. Section 1 of the PEA focuses on mining high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core, with processing deliberate by way of off-site milling. This strategy is meant to cut back upfront capital necessities whereas enabling earlier money stream technology.
The AFZ Core hosts a number of high-grade gold zones, together with Keats, Iceberg, Keats West, Lotto and Monte Carlo, which type the inspiration of the PEA mine plan. Ongoing infill drilling, grade management drilling, excavation and geotechnical applications are being carried out to help mine planning, enhance useful resource confidence, and advance future mineral useful resource updates. Current drilling at zones reminiscent of Monte Carlo and Keats has returned high-grade outcomes that typically align with the prevailing useful resource mannequin, reinforcing continuity throughout the proposed open-pit areas.
Queensway’s neighbouring gold initiatives
Past the present mine plan, continued drilling alongside strike and at depth throughout Queensway has delivered new discoveries, highlighting the challenge’s potential for useful resource development past the preliminary PEA scope. The mixture of an outlined improvement pathway, high-grade mineralization, and district-scale exploration potential positions Queensway as a central asset inside New Discovered Gold’s rising production-focused portfolio.
Hammerdown Operation
The Hammerdown operation is a high-grade gold challenge that New Discovered Gold is advancing towards steady-state manufacturing. The primary gold pour from Hammerdown was introduced on November 12, 2025.
Aerial view of the Hammerdown operation, close to Springdale, Newfoundland and Labrador.
Hammerdown is supported by close by processing infrastructure, permitting New Discovered Gold the optionality to pursue a production-focused technique alongside ongoing improvement at Queensway. The operation is step one in establishing the corporate as a brand new Canadian gold producer.
Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant
New Discovered Gold additionally owns the Pine Cove operation, which features a mill and tailings facility, in addition to the Nugget Pond hydrometallurgical gold plant. These property present the corporate with permitted processing infrastructure in Newfoundland and Labrador.
Possession of those amenities enhances operational flexibility and helps the corporate’s broader manufacturing and improvement technique because it advances Hammerdown and Queensway.
Administration Crew
Keith Boyle — Chief Government Officer and Director
Keith Boyle brings over 40 years of world mining expertise, together with intensive roles in operations, challenge improvement, technical research, investor relations and finances administration. Previous to becoming a member of New Discovered Gold, Mr. Boyle served as chief working officer at Reunion Gold, the place he fast-tracked the high-grade Oko West challenge in Guyana forward of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered skilled engineer in Ontario and Newfoundland & Labrador.
Melissa Render — President
Melissa Render is an exploration geologist with greater than 18 years of expertise centered on orogenic gold programs. She joined New Discovered Gold as a advisor in 2020, grew to become vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration applications worldwide throughout a number of gold belts and brings experience in goal technology, 3D modelling, knowledge administration and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie College and is a registered skilled geoscientist in Ontario and Newfoundland & Labrador.
Hashim Ahmed — Chief Monetary Officer
Hashim Ahmed brings 25 years of finance, company technique and capital markets expertise to New Discovered Gold. He has held senior monetary and government positions throughout the mining business, together with most lately as government vice-president and CFO at Mandalay Sources. His background spans royalty, mid-tier and senior gold corporations. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.
Robert Assabgu — Chief Working Officer
Robert Assabgu is an skilled mining engineer with experience in challenge administration, engineering and operations. His profession contains management roles at Inco/Vale and Hudbay Minerals, the place he oversaw a number of mines, concentrators and technical companies groups. He additionally performed a key position at Reunion Gold on the Oko West challenge forward of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering diploma in Mining and Mineral Engineering from McGill College in Montreal.
Fiona Childe — Vice-president, Communications and Company Improvement
Fiona Childe has greater than 25 years of business expertise, starting as an exploration geologist and later specializing in capital markets, company improvement and investor communications. All through her profession, she has held senior administration positions and consulted for mining corporations, reminiscent of Mineros S.A. and Tau Capital Corp. with a main concentrate on gold. Dr. Childe holds a Ph.D. in geology from the College of British Columbia and an expert geoscientist designation in Ontario.
Jared Saunders — Vice-president, Sustainability
Jared Saunders brings over twenty years of expertise in environmental science, regulatory compliance and stakeholder engagement. His background contains environmental management roles at Vale Newfoundland & Labrador and consulting challenge expertise in environmental danger evaluation and contaminated website administration. Dr. Saunders holds a Ph.D. in Environmental Sciences diploma from the Royal Navy School in Kingston, Ontario. He sits on the Board of Administrators for Mining Trade, NL as Director – Exploration.
Jelena Novikov Fried — Normal Counsel and Company Secretary
Jelena Novikov Fried has greater than 20 years of authorized expertise in company, industrial and securities regulation. Previous to becoming a member of New Discovered Gold, she served as authorized director, company and securities at lithium-ion battery recycler Li-Cycle, and practiced company and securities regulation with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Physician from the College of British Columbia.
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