Investor Presentaiton
DUPARQUET PEA SUMMARY
$
FIRST MINING
GOLD
Key Assumptions
LOM
Operating Costs (US$/oz)(1)
LOM
Gold Price
US$/oz
US$1,800
Cash Costs (US$/oz) (2)
US$/oz
$751
Exchange Rate
(C$:US$)
1.33
AISC (US$/oz)(3
) (3)
US$/oz
$976
Production Profile
LOM
Capital Expenditures
LOM
Total Open Pit Tonnage
Mt
282
Initial Capital
C$M
$706
Total Open Pit Ore
Mt
43.6
Sustaining and Development Capital
C$M
$738
Open Pit Strip Ratio
W:0
5.4
Net Closure Costs
C$M
($6)
Total UG Ore
Mt
12
Estimated Salvage Value
C$M
($36)
Total Tailings Ore
Total Tonnes Processed
Throughput
Mt
4.1
Economics - Pre-Tax
LOM
Mt
59.7
NPV at 5% D.R.
C$M
$1,073
tpd
15,000
IRR
%
24.9%
Mill Grade
Mine Life
g/t Au
1.51
Payback
years
3.8 years
Recovery
LOM Metal Recovered
years
%
11 years
Economics - Post-Tax
LOM
89.5%
NPV at 5% D.R.
C$M
$588
koz Au
2,595
IRR
%
18.0%
Average Annual Recovered
koz Au
233
Payback
years
4.8 years
Operating Costs per Tonne
LOM
Mining Costs - OP
C$/t mined
$3.16
STRONG LEVERAGE TO GOLD PRICE UPSIDE
Mining Costs - OP
C$/t
$20.85
Gold Price
Mining Costs - UG
C$/t
$44.26
Processing Costs
C$/t
$10.59
G&A Costs
C$/t
Total Operating Costs
C$/t
$2.90
$78.60
23.2%
Note: Further details can be found in the technical report titled "NI 43-101 Technical Report: Preliminary Economic Assessment, Duparquet Project, Quebec, Canada", dated October 20, 2023, as filed on SEDAR+ and on www.firstmininggold.com
Pre-Tax NPV5
Pre-Tax IRR
After-Tax NPV 5%
After-Tax IRR
5%
US$1,600
C$621 M
17.1%
C$310 M
12.1%
US$1,800
US$2,000
US$2,200
C$1.07 B
24.9%
C$1.53 B
C$1.98 B
32.0%
38.6%
C$588 M
18.0%
C$859 M
C$1.12 B
28.0%
TSX: FF | OTCQX: FFMGF | FRANKFURT: FMG | www.firstmininggold.com
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