Group 1: Management Changes - Mr. David Halkyard has been appointed as the Chief Financial Officer (CFO) of the Company effective November 25, 2025 [1] - Ms. Catherine Apthorpe has been appointed as Corporate Secretary following the resignation of Ms. Mariana Bermudez, who left to pursue other business opportunities [1] - The CEO, Mr. Gilbert Clark, expressed confidence in the expanded finance team and welcomed Ms. Apthorpe, highlighting her extensive corporate and legal experience [3] Group 2: Name Change and Corporate Structure - The Company will complete its name change from Meridian Mining UK Societas to Meridian Mining Plc, effective for trading on December 10, 2025, following its conversion to a public limited company [2] - The Company's ISIN has changed to GB00BVPND783 and the CUSIP to G6017H 103, with previous identifiers now inactive [2] Group 3: Project and Financial Highlights - The Cabaçal Gold-Copper Project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, with a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [4] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent and a production profile of 141,000-ounce gold equivalent over its life [4] - The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [5] Group 4: Exploration and Development Focus - The Company is focused on the development and exploration of the advanced stage Cabaçal VMS gold-copper project and initial resource definition at the Santa Helena asset [6] - There is a regional scale exploration strategy for the Cabaçal VMS belt and exploration in the Jaurú & Araputanga Greenstone belts, all located in the State of Mato Grosso, Brazil [6]

Summary of New Found Gold (NYSEAM:NFGC) 2025 Conference Call Company Overview - **Company**: New Found Gold (NFGC) - **Acquisition**: New Found Gold announced the acquisition of Maritime shares, enhancing its asset portfolio in Newfoundland [1][2] - **Management Changes**: A new board was established in December, with key appointments aimed at strengthening the development and operational focus [3][4] Industry Context - **Location**: Operations are based in Newfoundland, a jurisdiction noted for its favorable mining conditions [2] - **Market Position**: The company is transitioning from an exploration-focused entity to a gold producer, which is expected to enhance its market valuation [5][25] Key Projects - **Hammer Down Mine**: - A high-grade open-pit mine with a projected life of 5-6 years, expected to generate cash flow [5][10] - Fully permitted and financed, with initial ore shipments planned shortly [9][10] - Anticipated production of 40,000 to 50,000 ounces annually at a reserve grade of 4.4 grams per tonne [10] - **Queensway Project**: - Phase one involves a 700 ton per day operation, generating 69,000 ounces annually at a cost of just under $1,300 per ounce [12][13] - Phase two will expand to a 7,000 ton per day plant, targeting 172,000 ounces annually at a cost of less than $1,100 per ounce [13] - Total capital costs for phase one are estimated at $155 million, with phase two projected at $442 million [13] Financial Highlights - **Transaction Terms**: The total cost for the acquisition is $292 million, with a pro forma shareholding value of $69.31 [7] - **Balance Sheet**: Post-acquisition, the company will have a strong balance sheet with approximately $109 million in cash and no debt [7] - **Cash Flow Generation**: The cash flow from Hammer Down will support the equity portion of financing for the Queensway project [25] Strategic Advantages - **Synergies**: The combination of Hammer Down and Queensway provides complementary assets, including two processing facilities, enhancing operational control [6][22] - **Government Support**: The Newfoundland government has been cooperative, with rapid processing of environmental assessments noted [18] - **Local Workforce**: The company expects to utilize a local workforce, benefiting from the regional population's interest in mining jobs [20] Exploration Potential - **Exploration Upside**: The property package includes numerous exploration targets, with a focus on both near-mine and greenfield opportunities [11][55] - **Drilling Results**: Recent drilling has confirmed high-grade veins, with ongoing exploration expected to yield further discoveries [38][46] Shareholder Benefits - **Premiums and Valuation**: The transition to a producer is expected to result in a significant rerate in valuation, with targets set at $3 billion to $3.5 billion in market capitalization over the next five to six years [23][25] - **Institutional Support**: Strong backing from major shareholders, including Eric Sprott and Dundee Corp, enhances confidence in the company's future [24][32] Conclusion - New Found Gold is positioned for significant growth through its strategic acquisitions and operational developments in Newfoundland, with a clear path to becoming a major gold producer in the region [25][30]