newmarket presentation feb 2016

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TSX:NMI February 2016 Exceptional Team, Solid Production, Significant Valuation Upside

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Page 1: Newmarket presentation feb 2016

TSX:NMIFebruary 2016

Exceptional Team, Solid Production,Significant Valuation Upside

Page 2: Newmarket presentation feb 2016

2TSX:NMI

Forward-looking StatementsCertain information set forth in this presentation contains “forward-looking statements”, and “forward-lookinginformation under applicable securities laws. Except for statements of historical fact, certain information containedherein constitutes forward-looking statements, which include the Company’s expectations about its business andoperations, and are based on the Company’s current internal expectations, estimates, projections, assumptions andbeliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as“will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are notguarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-lookingstatements are based on the opinions and estimates of management as of the date such statements are made and theyare subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level ofactivity, performance or achievements of the Company to be materially different from those expressed or implied bysuch forward-looking statements or forward-looking information. Although management of the Company hasattempted to identify important factors that could cause actual results to differ materially from those contained inforward-looking statements or forward-looking information, there may be other factors that cause results not to be asanticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actualresults and future events could differ materially from those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements and forward-looking information. The Company does notundertake to update any forward-looking statements or forward-looking information that are included in thispresentation or incorporated by reference herein, except in accordance with applicable securities laws.

Page 3: Newmarket presentation feb 2016

3TSX:NMI

SUSTAINABLE PRODUCER WITH A STRATEGY FOR LONG-TERM GROWTH

RECORD 222,671 oz

FLAGSHIP FOSTERVILLE GOLD MINE

CASH $36.5M (US)

3 AustralianCONSOLIDATED GOLD PRODUCTION

2015 RECORD YEAR

RECORD PRODUCTION 123,095RECORD GRADE 6.11 g/t AuRECORD RECOVERY 88.5%RECORD DRILL INTERCEPT 645g/t Au over 3.5m

CONSOLIDATED COSTSDOWNOPERATING CASH COSTS $US 704/ozALL-IN SUSTAINING COSTS $US 987/oz

Gold Mines

ROBUST AUD$ GOLD PRICE

Page 4: Newmarket presentation feb 2016

4TSX:NMI

NEWMARKET GOLD ADVANTAGE

SUPERIOR INVESTMENT OPPORTUNITY

PEOPLE

Track record of superior value creation

Board and management aligned with shareholders ($12M invested 10% equity ownership)

Experienced management team

Demonstrated operations excellence

OPERATIONS

Three gold mines in Australia, over 220,000 ounces annual production

Strong cash position (US$36.5M1), record low operating cash costs and AISC, prudent capital allocation

Delivering on guidance, focus on free cash flow and growth

Robust AUD$ denominated gold price

DISCOVERIES

Three new mine site gold discoveries close to current infrastructure

Significant resource expansion opportunities at all mines

New Eagle visible gold discovery at Fosterville traced over 600m x 290m and open

Trend to higher consolidated grades and recoveries

GROWTH

Strong potential for organic growth and resource expansion

Deep capital markets relationships, patiently targeting accretive production opportunities

1. As at December 31 2015

Page 5: Newmarket presentation feb 2016

5TSX:NMI

Low G&A on a per oz basis: currently US$27/oz vs peers at US$56/oz

Strong share ownership: C$12

million currently invested (10% issued and

outstanding)

Aligned PSU Vesting Plan based on share price performance:

1/3 vest when the price of Newmarket is C$2.25 or greater

1/3 vest when the price is C$3.00 or greater

1/3 vest when the price is C$3.75 or greater

PSUs expire worthless after 3 years (mid-2018), If share price thresholds not met

EXPERIENCED VALUE CREATION TEAM

Raymond Threlkeld Chairman

Douglas Forster President, CEO & Director

Blayne Johnson Executive VP, Director

Lukas Lundin Director

Randall Oliphant Director

Darren Hall Chief Operating Officer

Doug Hurst VP Corporate Development

Robert Dufour Chief Financial Officer

Robert Getz Director

Kevin Conboy Director

Edward Farrauto Director

AdvisorsIan Telfer Capital Markets

Michael Vitton Capital Markets

Mike Vint Technical Advisor

The founders have created over $30 billion in market cap value

ALIGNED WITH SHAREHOLDERS

Page 6: Newmarket presentation feb 2016

6TSX:NMI

PRODUCING IN A TOP MINING JURISDICTIONCOSMO/UNION REEF

Location Northern TerritoryOwnership 100%Metals GoldMining UndergroundCapacity 2.0Mtpa Yrs in Production 2.5 Prod. Guidance 60k – 65k ouncesDiscovery Western Lodes Discovery

MAUD CREEK GOLD PROJECT

Location Northern TerritoryOwnership 100%Metals GoldMining Open Pit + UndergroundStage PEAM&I Resources 871,000 ozs @ 3.5 g/t1

1. See slide 26 for details on Mineral Resource and Reserve details 2. see Non-IFRS Disclosure p.33

FOSTERVILLE GOLD MINE

Location Bendigo, VictoriaOwnership 100% (2% Royalty)Metals GoldMining UndergroundCapacity 850Ktpa Yrs in Production +10 Prod. Guidance 110k – 120k ouncesDiscovery Eagle Fault Zone

STAWELL GOLD MINE

Location Stawell, VictoriaOwnership 100% (1% Royalty)Metals GoldMining UndergroundCapacity 1.0Mtpa Yrs in Production +30Prod. Guidance ~35k ouncesDiscovery Aurora B Gold Zone

2016E CONSOLIDATED GUIDANCE

Production: 205,000 - 220,000 ouncesOperating Cash Cost2: US$650 - US$725 per ounceAll-in sustaining costs2: US$950 - US$1,025 per ounce

AUSTRALIA

BIG HILL GOLD PROJECT

Location VictoriaOwnership 100%Metals GoldMining Open PitStage PermittingM&I Resources 160,000 ozs @ 1.68 g/t1

Producing Mine

Development Project

Mine site Discovery

Page 7: Newmarket presentation feb 2016

7TSX:NMI

STRONG FINANCIAL POSITION

Cash Balance ($M)1 US$36.5

Working Capital (incl. Cash)($M)1 US$23

Convertible Debt ($M)2 US$23.5

TSX:NMI OTCQX: NMKTF

1. As at December 31, 2015 2. $23.5M of 8% convertible unsecured debentures due April 30, 2018 and convertible at ~C$1.02/share for up to 33.9 million shares of Newmarket 3. Excludes 11,438,820 warrants which have a strike price of $9.16. 4. 4.2 Million warrants at $1.63 expiring on Feb 27, 2016 and 992,000 broker warrants at $1.25 expiring on January 10, 2017

Balance Sheet

Issued and Outstanding (M) 135.9

Options (M) 11.4

Performance Share Units (M) 3.7

Warrants3,4 5.2

Fully Diluted (Excluding Debenture) (M) 156.3

Luxor Capital Group LP 39%

Management/Board (basic) 10%

Capital Structure & Ownership

Average Daily Volume90 day 420,000

CASH$36.5 Million

Convertible Debt$23.5 Million

$67.5$74.2

$94.9

$126.3$121.1

2013A 2014A 2015E 2016E 2017E

Source: 2013-2014 Actuals, 2015E-2017E – Factset Consensus

Consensus Estimated Operating Cash Flow (US$ Millions)

Page 8: Newmarket presentation feb 2016

8TSX:NMI

Newmarket - Key Investment Metrics

1. As at December 31, 2015, (all figures are in United States (“U.S.”) dollars, unless stated otherwise) 2. Financial information as at September 30, 2015 (Full year Financial States available March 4, 2016) 3. All market data is as at Feb 10, 2016, production and cash flow based on 2016 consensus estimates. Source: public market information and company disclosure as at Feb 10, 2016

Record Full Year 2015A Production 222,671 oz1

Record operating cash costs $704/oz1

Record All-In Sustaining costs $987/oz1

Cash $36.5 Million1

Financial details below ending Sept 30, 2015

Revenue $199.6 Million2

Operating cash flow (up 34.8% year over year) $65.9 Million2

Net income $17.5 Million2

Earnings per share $0.142

Ev/oz production (2016E) $683/oz3

Ev/oz production (2016E) peer group $2,492/oz3

Price / 2016E CFPS (ratio) 1.9x3

Price / 2016E CFPS (ratio) peer group 5.7x3

U.S. Dollars unless stated otherwise

Page 9: Newmarket presentation feb 2016

9TSX:NMI

Opportunity Comparison

Production (2016E Guidance)1 205,000-220,000/oz 70,000 - 180,000/oz

P/CF (2016E)2 1.9x 5.7x

EV/2016E Production2 $683/oz $2,131/oz

EV/Consensus 2016E EBITDA2 1.7x 5.1x

All in Sustaining Costs (“AISC”)3 US$987/oz US$1003/oz

Cash Costs US$704/oz US$707/oz

G&A Costs4 US$27/oz US$56/oz

Foreign Exchange 0.71 0.72

Reserve Life Index4 4.3 years 5.3 years

Newmarket Gold Canada, Abitibi

1. 2016 production guidance is the low to high range for peers and high end for Newmarket 2. All market data is as at Feb 10 2016; production and cash flow based on street estimates 3. AISC and cash costs are most recently reported for 2015 YTD, See Non-IFRS Disclosures, All-In Sustaining Costs per Ounce (“AISC”) includes Corporate G&A, on page 33 of this presentation 4. Based on G&A, production and reserves as at or for the year ended December 31, 2014

Newmarket GoldCurrent Market Capitalization

Peer Group AvgCurrent Market Capitalization

C$284 million

C$522 million

Newmarket Value Gap

Page 10: Newmarket presentation feb 2016

10TSX:NMI

Newmarket Gold/Lakeshore Gold Value Comp

Trading MultiplesNMI 2015 FY

Feb 5/16LSG Takeout

Feb 5/16

Share / Offer price C$/sh $1.56 $1.71

FDITM Mkt Cap / Equity Purchase Price US$M

$206 $682

FDITM EV1 US$M $158 $617

2015 Production koz Au 223 179

2015 Cash Costs US$/oz $704 $580

2015 AISC US$/oz $987 $870

Reserves Moz Au 0.9 0.8

Resources (inclusive) Moz Au 7.4 11.2

EV/ 2015 Production US$/oz $708 $3,446

EV/ Reserves US$/oz $169 $798

EV/ Resources US$/oz $21 $55

P / NAV 0.58x 1.38x

P / CF 2.00x 7.03x1. Assumes convertible debenture is converted, Source: GMP Securities

Page 11: Newmarket presentation feb 2016

11TSX:NMI

Source: FactSet, Bloomberg, company disclosure, available equity research.

Averages exclude Newmarket.

Peer Group Comparison

All comparison metrics present an opportunity for significant valuation re-rating with Newmarket Gold

EV / 2016E Prod. (US$/oz)

Price / Consensus 2016E CFPS (ratio) EV / Consensus 2016E EBITDA (ratio)

$683

$1,266

$1,644 $1,832

$2,333 $2,466 $2,607 $2,887

$3,095 $3,262

$3,532

Average:

$2,492

1.9x 2.8x

4.0x 4.4x 4.7x

5.9x 5.9x 6.7x

7.9x

8.9x 9.0x

Average:

5.7x

1.7x 2.1x

2.8x

3.9x

4.6x 4.9x 5.2x

6.1x 6.5x

7.1x 7.5x

Average:

5.1x

Page 12: Newmarket presentation feb 2016

12TSX:NMI

Proven Ability to Decrease Costs Operating cash costs have decreased 40%

since 2012 to 2015

All-in sustaining costs have decreased 41%since 2012 to 2015

Ore grade and gold recoveries increasing

2015A operating cash costs of US$704/oz and AISC of US$987/oz, significantly below guidance

Management expects continued optimization efforts to lead to further declines in operating costs and AISC

All-in sustaining cash costs per oz1Operating cash costs per oz1

$1,236

$987 AISC$950 –$1,025

$905

$704OCC

$650 –$725

2014 2015 2016 Cost Guidance

Note: See Non-IFRS Disclosures, All-In Sustaining Costs per Ounce (“AISC”) includes Corporate General and Administrative Expenses on page 33 of this presentation.

Prudent cost reductions continued and focused on rationalizing staff, consumables including cyanide, fuel & lubricants and power

2014 – 2015 (12 month) reductions

2015 Cost Reduction Programs

Fosterville AUD $30/oz

Cosmo AUD $50/oz

Stawell AUD $80/oz

US$

Page 13: Newmarket presentation feb 2016

13TSX:NMI

48,876

65,903

First 9M, 2014 First 9M, 2015

Operating Cash Flow

Strong Operating Cash Flows

Newmarket generated operating cash flow of $65.9M in the first 9M of 2015 a 34.8% increase vs the first 9M of 2014

Australian dollar Benefits

AUD:USD averaged $0.90 in 2014 and is approximately $0.69 (as at Jan 20,

2016)

Average realized gold price in the first 9M of 2015 was US$1,164 versus US$1,292 during the same period last year (Spot AUD denominated Gold Price Currently AUD$1,600)(as at Jan 20, 2016)

Strong operating cash flow despite an average realized gold price drop of 14.8% from 2014 to 2015

Strong Operating Cash Flow Generation

US$ Millions

Note: See Non-IFRS Disclosures, All-In Sustaining Costs per Ounce (“AISC”) includes Corporate General and Administrative Expenses on page 33 of this presentation.

Page 14: Newmarket presentation feb 2016

14TSX:NMI

29,045 29,135 29,648 31,519

Q4/14 Q1/15 Q2/15 Q3/15 Q4/15

Record 2015 production, grade and recoveries

Grades have been increasing at depth at Lower Phoenix

New high grade Eagle Fault discovery

161g/t gold over 4.9m & 645g/t gold over 3.5m

Lower Phoenix and Eagle Gold Zones have strong potential to increase production profile

Newmarket’s Flagship Mine with Substantial Upside Potential

Operation Profile 2014A 2015A2016Guidance

Gold Production (kozs) 105.3 123.1 110-120

Gold grade (g/t) 4.56 6.11 n/a

Recovery (%) 86.4 88.5 n/a

Operating Cash Costs (US$/oz)

$737 n/a $500-$575

AISC (US$/oz) $1,186 n/a1 n/a1

Production Profile

Fosterville Gold Mine (110,000 – 120,000 oz)

Go

ld P

rod

uct

ion

oz

32,793

1. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz (see Non-IFRS Disclosure p.33)

Page 15: Newmarket presentation feb 2016

15TSX:NMI

Fosterville Mine (Longitudinal Projection)

Harrier Drill Drive

Page 16: Newmarket presentation feb 2016

16TSX:NMI

LegendDrill InterceptsColoured by Gram-Metre

Mined Stopes Reserves Mineralization >30 5 - 15

Mined Development Mine Design Target Trend 15 – 20 1 - 5

12.8 g/t Gold over 8.5m

24.8 g/t Gold over 2.5m

16.4 g/t Gold (Visible Gold) over 16.5m

73.2 g/t Gold (Visible Gold) over 7.8m

385 g/t Gold (Visible Gold) over 3.4m

Fosterville Mine (Eagle Gold Zone) (DRILLING ONGOING)

View looking North

West East

5.3 g/t Gold over 5.9m

Schematic Cross Section

286 g/t Gold (Visible Gold) over 2.8m

11.1 g/t Gold over 4.9m

42.9 g/t Gold over 3.7m

161 g/t Gold over 4.9m

100m extension –total strike now 600m, open down plunge

645 g/t Gold over 3.5m

Page 17: Newmarket presentation feb 2016

17TSX:NMI

20,112 20,612

17,073

12,672 12,898

Q4/14 Q1/15 Q2/15 Q3/15 Q4/15

Optimization ongoing (grade, recovery, costs)

Strong mineral potential at depth (Sliver and Eastern Deep zones)

New discovery - Western Lode gold zone (potential to open a new mining front)

Newmarket’s Newest Producing Mine

Operation Profile 2014A 2015A2016 Guidance

Gold Production (kozs)

77.7 63.3 60-65

Gold grade (g/t) 3.14 2.99 n/a

Recovery (%) 88.9 90.7 n/a

Operating Cash Costs (US$/oz)

$1,000 n/a $720-$795

AISC (US$/oz) $1,2631 n/a1 n/a1

Cosmo Gold Mine (60,000 – 65,000 oz)

Cosmo Gold Mine

Gold

Pro

duction o

z

Production Profile

1. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz (see Non-IFRS Disclosure p.33)

Page 18: Newmarket presentation feb 2016

18TSX:NMI

Cosmo Mine (Expansion Opportunity)

Cosmo’s drill intercepts and New Western Lodes Highlight intercepts include:

Western Lodes 7.42 g/t gold over 4.3m, 6.59 g/t gold over 6.4m (potential for identifying grades and widths amenable for underground mining and in close proximity to existing infrastructure)

Cosmos Inner Dolerite 5.33 g/t gold over 7.54m

Cosmos central internal metasediments 6.79 g/t gold over 6.15m

18 drill holes completed on Western Lodes as of Dec 31/15

Located only 160m away from current development/infrastructure

Potential to open new mining front on the Western limb

Drill results at Cosmo have identified resource expansion potential

Maud Creek Gold Deposit (Northern Territory)

(M&I mineral resource 871,000 ounces grading 3.50g/t gold located

110km from the union reef mill)1

Phase I Preliminary Economic Assessment - Q1/160 100

metres1. See additional disclosure notes on slide 26

Western

Lode

Target

SliverTarget

Page 19: Newmarket presentation feb 2016

19TSX:NMI

Cosmo Mine (Expansion Opportunity at depth)

5.85g/t gold over 5.7 m

10.25 g/t gold over 2.8 mInc. 6.4 g/t gold over 3.1 m

14.79 g/t gold over 11.4 m, 14.07 g/t gold over 6.4 m

The Cosmo Deeps drilling has identified mineralization approximately 200 m down plunge from the base of current resources

Page 20: Newmarket presentation feb 2016

20TSX:NMI

9,639 9,9299,277

8,352 8,762

Q4/14 Q1/15 Q2/15 Q3/15 Q4/15

Near surface, open pit projects: Big Hill, Brummigans

New discovery at Aurora B target

6 drill holes completed on Aurora B as of Dec 31/15

Aurora B gold zone currently traced 140m along strike and 140m down dip (open for expansion)

Highlight intercept: 17.80 metres @ 7.06 g/t gold

A Mature Operation with Potential to Extend Mine Life

Operation Profile 2014A 2015A2016 Guidance

Gold Production (kozs) 39.1 36.3 ~35,000

Gold grade (g/t) 1.67 1.56 n/a

Recovery (%) 78.8 80.8 n/a

Operating Cash Costs (US$/oz)

$1,151 n/a $900-$975

AISC (US$/oz) $1,1931 n/a1 n/a1

Stawell Gold Mine (Approximately 35,000 oz)

Gold

Pro

duction o

z

Production Profile

1. 2016 Consolidated Company AISC guidance is US$950 – US$1,025/oz and operating cash cost guidance is US$650 – US$725/oz (see Non-IFRS Disclosure p.33)

Page 21: Newmarket presentation feb 2016

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Stawell Mine Exploration (Expansion Opportunity)

Longitudinal Projection of Stawell Gold Mine Showing East Flank Targets

BrummigansBig Hill Surface Opportunity

WEST FLANK

Past Production of 2.3 Million ounces Gold

Past old

8.03 g/t gold over 8.8 m

EAST FLANK

7.06 g/t gold over 17.80 m

Discovery Zones, no production, close to current infrastructure

(approximately 200m from Aurora B)

Page 22: Newmarket presentation feb 2016

22TSX:NMI

PEOPLEFounders have created over $30 billion of shareholder value Shareholder alignment C$12M invested, 10% equity ownership, performance share units vest based on share price performance

Demonstrated operational excellence

OPERATIONSThree operating mines in Australia with over 220,000 ounces of annual gold production, strong cash position, (US$36.5M) with 2015 consolidated record low operating cash costs $704 and AISC $987

Trend to higher consolidated grades and recoveries

GROWTHNewmarket’s vision is to become the next quality intermediate gold producer with annual production of 400-500kozs

Focusing on internal organic growth and a prudent accretive acquisition strategy

Newmarket Gold Advantage

DISCOVERIESThree new mine site gold discoveries close to current infrastructure with significant resource expansion opportunity – extensive drilling underway

New Eagle visible gold discovery at Fosterville traced over 600m x 290m open down plunge

Page 23: Newmarket presentation feb 2016

23TSX:NMI

Proven Track Record of Success

“Newmarket Gold Inc.’s mission is to deliver exceptional shareholder value through a disciplined approach to acquiring quality, gold production assets and outstanding development

opportunities in politically stable jurisdictions worldwide”

Public Sold

Principals have founded, managed and sold mining companies with a combined market value of approximately $30 billion

Page 24: Newmarket presentation feb 2016

Douglas ForsterPresident & CEO, Director

T: 604-559-8040E: [email protected]

www.newmarketgoldinc.com

Contact Us

Ryan KingVice President, Corporate Communications

T: 778-998-3700E: [email protected]

Laura LeporeDirector, Investor Relations

T: 416-728-3707E: [email protected]

TSX:NMI

Page 25: Newmarket presentation feb 2016

25TSX:NMI

Analyst Coverage1 and Liquidity Since July

Firm GMP Securities Anonymous R. James TD Securities RBC Capital CIBC Canaccord Cormark Scotia

Shares Traded

9.8 Million 7.0 Million 4.4 Million 5.1 Million 2.6 Million 2.6 Million 1.8 Million 1.1 Million 1.5 Million

Total shares traded 48.1 Million90 Day Avg Volume 420,000 (as of Jan 15 2016)

BrokerDate2015

Target Price

TargetRating

FY15EProductionOz (000’s)

FY15ECash Costs

FY15EAISC

CAPEX NAV

Beacon Securities Nov 10 $2.75 Buy _ $704 $1,139 $29.5 $336

Cormark Securities Nov 23 $1.85 Buy 220 $710 $1,017 _ $316

GMP Oct 27 $2.60 Buy 234 $680 _ $55 $351

Laurentian Bank Dec 11 $2.00 Buy 222 $697 $948

Raymond James Nov 27 $2.20 Buy 222 $709 $1,012 $58 $360

RBC Capital Nov 9 $2.00 Buy 229 $696 $991 $58 $391

Rodman & Renshaw Dec 8 $3.00 Buy 217 $725 $995 $47 _

PI Financials Jan 13/16 $2.65 Buy 225.8 $699 $944 $60.1 $360

Average $2.38 Buy

1. Factset consensus Dec 21, 2015

Page 26: Newmarket presentation feb 2016

26TSX:NMI

0.20

0.40

0.60

0.80

1.00

1.20

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015

AU

D / U

SDG

old

Pri

ce (

$/o

z)

Gold (US$/oz) (LHS) Gold (A$/oz) (LHS) AUD / USD (RHS)

Appendix: Australian Gold Producers - Increasing

disconnect from AUD to USD gold price leaves Australian producers in stronger position comparatively…

Source: RBC Capital Markets September 30, 2015

Page 27: Newmarket presentation feb 2016

27TSX:NMI

$400

$800

$1,200

$1,600

$2,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Go

ld S

po

t (i

n A

UD

$)

Historical Gold Price (in AUD$)

Appendix: Gold has remained strong in AUD terms

Source: FactSet, Bloomberg, company disclosure, available equity research

Current Spot Gold:AUD$1,590/oz(Jan 4, 2016)

Page 28: Newmarket presentation feb 2016

28TSX:NMI

Appendix: Mineral Reserves and Resources

Inferred Resources Tonnes (Mt) Grade Au (g/t) Au (kozs)

Fosterville 5.8 3.72 699

Cosmo 1.0 2.72 84

Stawell 0.8 3.07 77

Burnside 6.9 1.47 323

Maud Creek 4.2 2.55 344

Union Reefs 4.3 2.23 305

Pine Creek 2.5 2.34 191

Inferred Resources 31.3 2.48 2,024

M&I Resources (incl.) Tonnes (Mt) Grade Au (g/t) Au (kozs)

Fosterville 16.6 4.18 2,151

Cosmo 5.0 3.35 539

Stawell 4.2 1.80 243

Burnside 7.5 1.38 335

Maud Creek 7.7 3.50 871

Union Reefs 3.0 2.43 236

Pine Creek 8.4 1.41 379

M&I Resources (incl.) 52.5 2.82 4,754Source: Crocodile Gold March 31, 2015 press release announcing 2014 year-end mineral reserves and mineral resources

2P Reserves Tonnes (Mt) Grade Au (g/t) Au (kozs)

Fosterville (Under Ground) 1.02 5.55 182

Fosterville (CIL Residues) 0.4 8.89 126

Cosmo 1.3 3.57 148

Stawell 0.8 2.80 36

Big Hill 2.9 1.54 145

Burnside 0.2 1.93 10

Maud Creek 1.1 5.40 184

Union Reefs 0.3 4.40 42

Pine Creek 1.3 1.55 62

2P Reserves 9.2 3.15 935

Page 29: Newmarket presentation feb 2016

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Appendix: Fosterville Mine New Discoveries Eagle Fault, highlight intercepts include;

386 g/t Au (1) over 9.15 m (ETW 3.35 m) in hole UDH1238 (Including 5,283 g/t Au(1) over 0.6 m), 268 g/t Au (1) over 7.85 m (ETW 2.77 m) in hole UDH1255 (Including 5,276 g/t Au(1) over 0.35 m)and 73.15 g/t Au (1) over 8.7 m (ETW 7.78 m) in hole UDH1240A. Visible Gold has also been observed in the upper parts of Eagle zone in underground exposures.

Lower Phoenix Footwall, intercepted 77.87 g/t Au(1) over 6.3 m (ETW 4.33 m)in hole UDH1219A

East Dipping Fault, intercepted 246 g/t Au (1) over 0.90 m (ETW 0.81 m) in hole UDH1298 and 34.47 g/t Au over 5.1 m (ETW 4.09 m) in hole UDH1294

Kestrel structure returned 5.37 g/t Au over 9.75 m (ETW 5.12 m) in hole UDH1274 and 6.16 g/t Au over 11.05 m (ETW 5.12 m) in hole UDH1122

(1) Visible gold present in drill intercept, ETW - Estimated True Width, for further information on drill results see Newmarket Gold’s press releases dated July 27, 2015 and September 14, 2015 located at www.newmarketgoldinc.com

Page 30: Newmarket presentation feb 2016

30TSX:NMI

Appendix: Fosterville Mine (Eagle Zone - Visible Gold)

Page 31: Newmarket presentation feb 2016

31TSX:NMI

Appendix: Cosmo Mine Western Lodes

A number of drill holes have now penetrated the Western Lodes Target.

Drill results for the Cosmo Western Lodes which are outside of the current mine plan include 7.42 g/t gold over 4.3 m (estimated true width 2.85 m) and 6.59 g/t gold over 6.4 m (estimate true width 1.65 m).

Work continues to fully define the potential of the Western Lodes

Target is located only 160 m from current development and has the potential to increase resources at Cosmo and expand the current mine plan to alternative mining areas.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

Page 32: Newmarket presentation feb 2016

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Appendix: Cosmo Mine Sliver Lode & Deeps

Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m) in hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.

Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately 200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.

The very encouraging Cosmo Deeps and Sliver drill results have identified an opportunity to drill the down plunge potential of these targets from surface. This program is expected to commence in late 2015 and will cover 2,000 m of drilling to allow for future infrastructure planning for the mine. This drilling is planned to intersect the mineralization around 100 m down plunge from recent Sliver Lode drilling results as well as around 80 m above the intercept in drill hole CE840100. This program has the potential to add significant mineralization extension to the Cosmo deposit.

Note: For further information on drill results see Newmarket Gold’s press release dated September 21, 2015 located at www.newmarketgoldinc.com

Cosmo Deeps

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Appendix: Stawell Aurora B East Flank

New discovery of Aurora B East Flank mineralization is a significant event in the long history of the Stawell mine.

West Flank at Stawell has produced 2.3 million oz gold whereas the East Flank, where the Aurora B discovery has been made has no recorded production.

Drilling on the Aurora B discovery returned high-grade intercepts containing visible gold including: 7.06 g/t gold over 17.80 m (estimate true width 8.3 m).

Additional drilling on this new discovery is on-going.

Note: For further information on drill results see Newmarket Gold’s press release dated July 22, 2015 located at www.newmarketgoldinc.com

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Fosterville Mine Gravity Circuit Addition

The company has now committed to installing a 10 tonnes per hour gravity circuit (Knelson Concentrator) within the secondary (‘Regrind’) grinding circuit (Figure 5) at a cost of US$0.4 million with the installation expected to commence in early 2016 and be operational by the end of Q2 2016.

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Appendix: Non-IFRS and Additional InformationNon-IFRS MeasuresNewmarket Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not beconsidered in isolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.“OperationalCash Costs perOunce” is a non-IFRS performance measure which could provide an indication of the mining and processing efficiency at the operations.The Company calculates operating cash costs per ounce by deducting silver sales revenue as a by-product from operating expenses per the consolidated statement ofoperations, then dividing by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing andadministration as well as royalties, however excludes depletion and depreciation, share-based payments and rehabilitation costs. There are variations in the method ofcomputation of “operational cash costs per ounce” as determined by the Company compared with other mining companies. For more detail on the operational cash costs perounce determination for Crocodile Gold, please visit www.sedar.com or www.newmarketgoldinc.com and review the latest Annual Financial Statements issued on March 19,2014.

“All-In Sustaining Costs per Ounce of Gold (“AISC”) Effective December 31, 2013, the Company has adopted an all-in sustaining cost (“AISC”) performance measure that reflectsall of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, theCompany’s definition conforms to the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users inassessing operating performance and the ability to generate free cash flow from current operations. The Company defines AISC as the sum of operating cash costs (per above),sustaining capital (capital required to maintain current operations at existing levels), capital lease repayments, corporate general and administrative expenses, mine explorationwithin the known resources and rehabilitation accretion and amortization related to current operations. AISC excludes capital expenditures for significant improvements atexisting operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, rehabilitation accretion and amortization not related to currentoperations, financing costs, debt repayments, share-based compensation not related to operations, and taxes.

Additional InformationNotes for Page 26: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see thetechnical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated March 31, 2015 and;NI43-101 TECHNICAL REPORT – BIG HILL ENHANCED DEVELOPMENT PROJECT AT STAWELL GOLD MINE MINERAL RESOURCES & RESERVES PREPARED FOR CROCODILE GOLDCORP dated June 6, 2014. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERALRESERVES OF THE COSMO DEEPS GOLD PROJECT dated March 31, 2015; NI 43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILEGOLD CORP dated March 31, 2015; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated December 31, 2012; REPORT ONTHE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OFTHE MAUD CREEK GOLD PROJECT dated December 31, 2012 and; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE BURNSIDE GOLD AND BASE METALPROJECT dated December 12, 2013.Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Qualified PersonMark Edwards, MAusIMM (CP), MAIG, General Manager, Exploration, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and hasreviewed and approved the technical information and data included in this presentation.