Juby Project

CSE: MLM

OTCQB: MLMLF

Location
Near Gowganda, Ontario, within the Abitibi Greenstone Belt
Ownership
100% McFarlane Lake Mining Limited
Stage
Resource Definition – Completed MRE
Geological Setting
Archean-age Abitibi Belt – world-class gold endowment
Access & Infrastructure
Road accessible, power nearby, established mining support services
Drilling
116,000 metres drilled to date with 90% metallurgical recoveries

Large-scale, Near-surface Gold System with Flexible Pathways to Production

McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, Southern part of the well established Abitibi Greenstone Belt. 

The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate (MRE) (effective September 29, 2025). 

1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes). 

3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). 

The estimate was calculated using a long-term gold price of US$2,500 per ounce, applying cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources. 

Rising Gold Prices Present Huge Value Opportunity

Strong Leverage to Rising Gold Prices Enhances Returns
Expanding Margins Deliver Significant Cash Flow Growth Potential
Higher Prices Drive Asset Re‑rating Opportunity and Attract Investor Interest
A sensitivity analysis completed at a higher gold price of US$3,750 per ounce
  •  Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes)

  • Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes)

  • Cut-off grades of 0.25 g/t gold for open pit and 1.15 g/t gold for underground resources. 

Gold Price Sensitivities​

(OP = Open Pit, UG = Underground, Mt = Millions tonnes, Moz = Millions Ounces, Au = Gold metal)

In Pit Mineralization + Outside Pit Mineralization

Expanding Potential at Depth

Open at depth with significant upside potential for continued resource growth.