New Break Resources Investor Overview


Gold has earned a name as a solid commodity that may lend a hand buyers climate even essentially the most intense monetary storms. The yellow steel broke its all-time excessive through achieving US$2,074.60 in March 2022, amid the Russia-Ukraine war, with its earlier excessive going down because the COVID-19 pandemic shook the area in 2020. Some buyers say that everybody must have just a little of gold of their portfolio as a secure retailer of price all the way through world turmoil. Whilst some buyers go for commodities markets, others search positive factors through making an investment in promising gold mining firms.

Canada is a mining-friendly jurisdiction and ranks inside the best 5 world manufacturers of gold. Northern Canada is a sizzling spot for gold mining firms because of the well-known Abitibi greenstone belt, which straddles the border of Ontario and Quebec. The recognition of this area has given delivery to a powerful infrastructure that helps mining operations. Golden alternatives in Canada succeed in additional north into Nunavut, which has geological similarities to probably the most greatest assets of gold on the planet. Mining and exploration firms with belongings in those areas are for sure value a taking note of.

New Damage Sources Ltd. (“New Damage”) is a personal Canadian exploration and building mining corporate that has assembled a management group of managers with direct revel in in gold mining, geology, and company finance. The Corporate’s board of administrators provides further experience in geology and company control. A gold-focused portfolio illustrates the Corporate’s dedication to the dear steel. New Damage is these days within the technique of going public, having submitted a initial prospectus to the Ontario Securities Fee in early Might 2022 and expects to listing at the Canadian Securities Trade within the coming weeks. New Damage these days has 39,030,750 stocks remarkable.

New Damage’s flagship Moray Undertaking, is positioned within the Abitibi greenstone belt on a splay off of the Cadillac-Larder Lake fault zone, with get right of entry to to very good infrastructure, positioned 49 km south of Timmins, Ontario and 32 km northwest of the Younger-Davidson gold mine, operated through Alamos Gold Inc. (TSX:AGI; NYSE:AGI). In general, the Abitibi gold belt has produced over 190 million oz. of gold since 1901 and these days options over 20 gold deposits containing over 3 million oz. of gold in every deposit.

Subsequent to the Abitibi, massive gold-bearing greenstone belts within the Kivalliq Area of Nunavut in Canada’s north, be offering unprecedented alternative for mineral discovery and lies considerably underexplored. The greenstone belts of Kivalliq Area are house to the Meliadine and Meadowbank gold mines, operated through one of the most global’s greatest gold mining firms, Agnico Eagle Gold Mines (TSX:AEM; NYSE:AEM), with blended 2021 manufacturing from the 2 mines 716,495 oz. of gold.

It’s as a result of this fantastic doable, that New Damage has assembled an outstanding portfolio f 4 gold initiatives in Kivalliq Area. In October 2021, New Damage entered into an Inuit Owned Lands Mineral Exploration Settlement (“MEA”) for unique mineral rights on 9,415 hectare Sundog Undertaking. Sundog was once came upon within the mid 1980’s through famed Canadian prospector Ken Studying who additionally came upon the Meliadine deposit. Sundog is characterised through a large number of circumstances of visual gold close to floor and hasn’t ever been drilled. The Corporate’s Esker and Noomut claims, along side claims comprising the Sy and Angikuni Lake initiatives, have been staked in 2021 the use of the newly carried out Nunavut Map Variety machine for on-line staking. The Esker declare has observed 3,220 metres of ancient drilling in 18 drillholes with some in point of fact impressive assay effects, as described underneath.

The Corporate’s control group has a long time of at once related revel in. President and CEO, Michael Farrant has over 25 years’ of management revel in within the gold mining business, together with the a success finishing touch of a couple of acquisitions, following a decade of senior monetary roles with Barrick Gold Company (TSX:ABX; NYSE:GOLD) and Kinross Gold Company (TSX:Okay; NYSE:KGC). Invoice Love, Vp, Exploration, has over 35 years’ revel in in mineral exploration in Canada, together with being a part of the invention group for the world-class Hemlo deposit in Ontario, Canada’s 3rd greatest gold deposit. Jim O’Neill, CFO, brings 3 a long time of revel in in company finance and multinational companies running in Canada.

Corporate Highlights

  • New Damage expects to quickly be publicly traded at the Canadian Securities Trade after submitting a initial prospectus with the Ontario Securities Fee on Might 6, 2022.
  • The Corporate holds a 100% passion in a couple of initiatives in two of essentially the most potential areas in Canada for gold exploration, the Abitibi in Ontario and Kivalliq Area in Nunavut.
  • New Damage has been awarded a CDN$200,000 grant from the Ontario Junior Exploration Program to lend a hand advance its absolutely approved Moray Undertaking, south of Timmins.
  • Sturdy control and a extremely professional majority unbiased Board with backgrounds in finance, geology, capital markets, mergers and acquisitions and legislation, champion price advent, putting a top rate on Environmental, Social and Company Governance.
  • Global category technical advisory crew together with Ashley Kirwan and Orix Geoscience Inc., Ken Studying, Gordon Morrison and Peter Hubacheck with Nunavut group and executive members of the family represented through John Todd, flesh presser, consultant to Agnico Eagle and good friend to the Inuit.

Key Initiatives

Moray Undertaking

New Break Resources - Moray Project

Positioned handiest 49 km from Timmins, ON, the 100% owned gold and demanding metals asset incorporates 14 mining claims encompassing 1,856 hectares. The challenge rests inside the world-class Abitibi greenstone belt that runs alongside the border of Ontario and Quebec. Absolutely approved, New Damage plans to finish a $431,000 segment 1 exploration program in Q2 and Q3 2022 constituted of VLF survey paintings, mechanical stripping, sampling and geological mapping, until sampling and structural mapping and interpretation.

Undertaking Highlights:

  • The Moray Undertaking has compelling ancient drill intersections of gold mineralization that experience by no means been adopted up. It’s available through freeway and all-weather gravel logging roads south from Timmins or by way of Hwy 566 west from the city of Matachewan and is inside trucking distance to a couple of generating mines and generators.
  • The syenite-hosted Younger-Davidson Gold Mine, operated through Alamos Gold Inc., is positioned roughly 32 km southeast of Moray. Younger-Davidson produced 195,000 oz. of gold in 2021 and Alamos has forecast 2022 gold manufacturing to be 185,000 to 200,000 oz..
  • A complete of 61 ancient diamond drillholes were drilled at the Assets for a complete of 9,794 metres of drilling from 1964 to 2012. Previous operators come with Noranda, RTZ and Newmont.
  • Since obtaining the Moray Undertaking in September 2020 from Exiro Minerals Corp., New Damage has finished: a compilation of the result of ancient exploration paintings; VLF surveys overlaying the Fiset syenite and Voyager gold showings and the Noranda base steel appearing; a 437 line-km Drone-MAG survey of all the assets; entered right into a Memorandum of Working out with the Matachewan and Mattagami First Countries; secured a 3-year exploration allow, excellent till October 21, 2024; bought ancient uncooked IP survey knowledge from 55 North Mining Inc.; finished a Nationwide Tool 43-101 technical document at the Moray Assets and has been awarded a CDN$200,000 grant through the Govt of Ontario, below the Ontario Junior Exploration Program, in opposition to this yr’s segment 1 exploration program.

Nunavut Assets Portfolio

New Break Resources - Nunavut Property Portfolio

Sundog Gold Undertaking

The Sundog Undertaking covers 9,415 hectares of an underexplored house in Kivalliq Area, Nunavut on Inuit Owned Land roughly 16 km northeast of the past-producing Cullaton Lake gold mine. Historic exploration effects published the presence of high-grade gold mineralization. Sundog was once prospected in 1986 through Ken Studying and in spite of there being a large number of circumstances of visual gold close to floor, the valuables hasn’t ever been drilled. In June 2021, New Damage bought all of Ken Studying’s ancient exploration paintings, which coated a couple of box seasons and integrated important paintings at the Sundog and Sy homes, along with by no means sooner than printed exploration effects on different extremely potential mineral claims within the Kivalliq Area.

Undertaking Highlights:

  • Spectacular Historic Exploration Effects: In August 1986, a 9-day sampling program was once carried out from the Sundog trenches. A complete of 26 rock samples and 13 panned pay attention samples have been amassed each on a reconnaissance foundation and from the primary showings. Impressive visual gold was once recognized in rock rubble from Pit 1 (now Trench 29) and from Pit 2 (now Trench 17). Trench 17 yielded the most efficient assays of 39.1 grams consistent with tonne gold (“g/t Au”) from a take hold of pattern and 206.7 g/t Au from a panned pay attention.
  • Encouraging Geology: The Sundog Undertaking house happens inside the Ennadai-Rankin Archean greenstone belt inside the Kaminak Subprovince, a part of the Western Churchill geological province of the Canadian Protect. This prolific greenstone belt extends westward for over 700 km from Rankin Inlet.
  • Sturdy Regional Manufacturing: 2021 manufacturing from the Meliadine and Meadowbank mines, perform through Agnico Eagle, totaled 716,495 oz. of gold.
  • Settlement with Inuit: In October 2021, signed an MEA with Nunavut Tunngavik Integrated (“NTI”) after receiving approval of the MEA from the Kivalliq Inuit Affiliation.
  • Allowing: In Might 2022, New Damage won approval from the Nunavut Making plans Fee to adopt an exploration program constituted of geological mapping, sampling, hand trenching and VLF and Drone-MAG surveys and famous that this system didn’t require screening through the Nunavut Affect Assessment Board.

Esker/Noomut Gold Undertaking

The Esker/Noomut Gold Undertaking is positioned in Kivalliq Area, Nunavut, at the jap coastline of South Henik Lake, roughly 176 km northwest of Arviat and 300 km southwest of Rankin Inlet. It’s constituted of 3 declare blocks overlaying 6,227 hectares, together with the 1,408-hectare, gold-mineralized Esker declare. 18 diamond drillholes were finished at Esker for a complete of three,220 metres of drilling, together with 7 finished through Comaplex Minerals Corp. in 1997 at the major Esker Gold Zone (1,319 metres), 5 finished in 2002 on behalf of Placer Dome (782 metres) and six in 2004 through Canadian Gold Hunter Corp. (1,119 metres).

Undertaking Highlights:

  • Superb Historic Effects: 1997 effects from drilling come with 2.35 g/t Au over 70.95 metres, 8.18 g/t Au over 13.27 metres, whilst 2004 effects integrated 7.6 g/t Au over 12.80 metres and 18.53 g/t Au over 1.20 metres.
  • By chance Explored Asset: Previous to staking the Esker declare in July 2021, every other non-public corporate, pondering they owned the declare, finished important exploration paintings at the assets, together with compilation of ancient knowledge, floor sampling, finding all 18 ancient drillhole places, pattern re-assay program and allowing. In March 2022, New Damage bought all of this Esker knowledge compilation paintings from MPH Consulting Restricted for $10,000.

Sy and Angikuni Lake Gold Initiatives

Undertaking Highlights:

  • Sy Undertaking: Constituted of 14,997 hectares inside the Yathkyed Lake greenstone belt in Kivalliq Area. Historic exploration knowledge signifies 40 identified gold occurrences, even if restricted drilling has befell. Result of ancient drilling come with 3.38 g/t Au over 3.5 metres and three.18 g/t Au over 7.0 metres, with floor samples assaying as much as 38.0 g/t Au.
  • Angikuni Lake Undertaking: Constituted of 736 hectares overlaying the ancient F13, AN and Robin gold occurrences.

Control Staff

Michael Farrant, B’Comm., CPA, CA – President, CEO and Director

Michael Farrant has over 25 years’ revel in in gold mining, together with President and CEO of Sierra Minerals Inc., a TSX indexed Mexican gold manufacturer (now Goldgroup Mining Inc.), CFO of junior gold manufacturers and explorers, Vice President, Treasurer and Operations Controller with Kinross Gold Company and Company Controller with Barrick Gold Company. Mr. Farrant was once co-founder, President and CEO of Commonwealth Silver and Gold Mining Inc., bought to Marlin Gold Mining Ltd. in 2015. Mr. Farrant won a Bachelor of Trade (Honours) from Queen’s College in 1992 and earned his CA in 1995 with Coopers & Lybrand (now PwC).

Invoice Love, B.Sc. (Geology), MBA – Vice President, Exploration

Invoice Love is a geologist who has been occupied with mineral exploration in Canada for over 35 years. He was once a part of the invention group for the world-class Hemlo deposit. Mr. Love was once additionally an institutional fairness salesclerk in London, England for a Canadian brokerage company and spent the remaining 15 years as a challenge capitalist and a company finance specialist in plenty of useful resource and generation firms. Mr. Love won a Bachelor of Science (Honours) in Geology from Lakehead College in 1981 and a Masters of Trade Management from Saint Mary’s College in 1984.

Jim O’Neill, B.B.A., CPA, CA – CFO and Company Secretary

Jim O’Neill has over 30 years’ revel in as a finance government with multi-national companies running in Canada, the United States, the United Kingdom, Turkey and Kenya. His in depth public corporate monetary control and governance revel in spans junior mining exploration, building and operations, together with appointments as CFO and Company Secretary of Aldridge Minerals Inc. and Virtus Mining Ltd. He these days serves as CFO and Company Secretary of Purple Pine Exploration Inc., Western Gold Exploration Ltd. and as CFO of Waseco Sources Inc. Mr. O’Neill won a Bachelor of Trade Management (Honours) from Wilfrid Laurier College in 1982 and earned his CA in 1985 with Ernst & Whinney (now KPMG).

Andrew Malim – Impartial Director, Non-Government Chairman

Andrew Malim’s revel in comprises over 40 years in mining finance and mine building. For over a decade he served as a founding member and award-winning analyst with the James Capel & Co. mining group. In 1981, he based the London based totally Lion Mining Team, a full-service mining finance and fund control industry, which financed a large number of notable firms and initiatives, together with Diamond Fields Sources and the Blackdome and Snip gold mines in British Columbia. Mr. Malim has served at the forums of a number of Canadian publicly indexed mining firms in government and non-executive roles and has been printed in more than a few mining publications. He these days serves as Asset Director for the Asset Monetization Team.

Ashley Kirwan, M.Sc. (Geology), P. Geo. – Impartial Director

Ashley Kirwan is a qualified geologist with over 12 years’ revel in within the mining business. She was once a part of the development of exploration and manufacturing belongings inside the Sudbury Basin (KGHM Mining officially QuadraFNX Mining), Nunavut, Nevada, and Ecuador. Ms. Kirwan may be the co-founder, President and CEO of Orix Geoscience Inc. an award-winning geological consulting company identified for his or her technical excellence, business partnerships, and place of job tradition. In 2020, Ashley was once identified with the Younger Mining Execs’ Eira Thomas award as one of the most best mining business leaders below the age of 40. Ms. Kirwan won a Bachelor of Science (Honours) and a Grasp of Science in Geology from Laurentian College.

Thomas Puppendahl, M.Sc., MBA – Impartial Director

Thomas Puppendahl has over 28 years’ revel in in world capital markets as a strategist, portfolio supervisor, funding banker and analyst. He’s the founder and managing spouse of Chancery Asset Control, an unbiased strategic advisory company based totally in Singapore, specialising in treasured metals and herbal assets and a co-founder of a gold streaming & royalty corporate offering building capital to rising gold manufacturers. Mr. Puppendahl labored in mergers and acquisitions, non-public fairness, rising markets and control consulting with Merrill Lynch, Ermgassen & Co. and the Observe Team in London and Mumbai. Mr. Puppendahl holds Grasp’s levels in each Physics and Trade Management from RWTH Aachen College, Germany.

Michael Skutezky, B.A., L.L.B. – Director

Mr. Skutezky has over 30 years’ revel in within the monetary sector in Canada together with, Assistant Basic Suggest of RBC Royal Financial institution, the place he eager about Global and Canadian Undertaking financing and Senior VP Private Agree with, Nationwide Agree with Corporate. Mr. Skutezky has served as an officer, suggest and director of a number of non-public and public firms and has been a founder within the going public and list of a number of TSX, TSX-V and CSE useful resource sector firms. Mr. Skutezky holds a B.A. in Trade from Bishop’s College and an L.L.B. from Dalhousie Regulation College. He’s a member of the Canadian and Global Bar Associations and the Regulation Society of Higher Canada.

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