New Found Gold CEO Keith Boyle: Advancing 2M oz Gold Resource to Cash Flow in Newfoundland

Keith Boyle, CEO of New Found Gold Corp. (TSX-V: NFG | NYSE-A: NFGC), presents the company’s strategy to transition from exploration to development at its flagship Queensway Project in Newfoundland, Canada.

Located just 15 km from the town of Gander, the project boasts a newly defined mineral resource estimate of 1.4 million ounces (indicated) and 600,000 ounces (inferred) of gold, mostly within open-pittable zones. With the Preliminary Economic Assessment (PEA) targeted for release by the end of June 2025, the company is gearing up for a development-ready phase focused on low-cost, near-surface gold extraction.

New Found Gold has also built strong ties with local communities through quarterly town halls, local sponsorships, and a workforce that lives and contributes to the region.

With infrastructure advantages, ongoing engineering and trade-off studies, and a 110-km-long land package offering significant exploration upside, Boyle outlines how NFG is prioritizing value creation, prudent spending, and minimal dilution as it advances toward cash flow and feasibility.

🔑 Key Takeaways:
Flagship Queensway Project – Newfoundland
✓ 1.4M oz Indicated + 600K oz Inferred gold resource
✓ Mostly open-pittable, shallow, near-surface mineralization
✓ Located just 15 km from Gander

Transitioning from Discovery to Development
✓ PEA results expected end of June 2025
✓ Trade-off and engineering studies planned for feasibility
✓ Targeting near-term construction decision

Community Engagement & Local Support
✓ Ongoing town hall meetings
✓ Local workforce & volunteer engagement
✓ Strong local support for project

Capital Strategy & Cash Flow Focus
✓ Careful cash management to minimize dilution
✓ Evaluating custom milling options to reduce capex
✓ Financing timed for construction, not exploration

Exploration Upside Remains Strong
✓ 110-km-long land package still underexplored
✓ Potential for additional discoveries to reshape project

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