Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (June 2021)
37 slides from Revival Gold's investor presentation, June 2021
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation June 2021 revival-gold.com TSX-V: RVG OTC-QX: RVLGF
Slide 2: Cautionary Notes
CAUTIONARY NOTES This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) for evaluation of the Company by the recipient. The information contained in this presentation is derived from estimates made by the Company, information that has been provided to the Company by
Slide 3: Revival Gold Inc. - A growth company in gold
REVIVAL GOLD INC. A growth company in gold • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Largest past-producing gold mine in the state • Multi-million-ounce; gold-only; new high-grade zone • Strong PEA economics on first phase restart • Veteran gold team - track records of su
Slide 4: A World Class Opportunity
A WORLD CLASS OPPORTUNITY Beartrack-Arnett – Key Attributes1 • Large mesothermal gold system, +5 km strike, open in all directions, 5,800 ha land position • Idaho, USA – world’s best rated policy jurisdiction • Infrastructure, access & hydro power to site • Near-term heap leach cash flow from mine r
Slide 5: Positioned in North America
POSITIONED IN NORTH AMERICA North America is the 2nd largest gold-producing region in the world1 Idaho is ranked Top-10 in the world for investment in mining by the Fraser Institute2 Source: 1World Gold Council ; 2Fraser Institute 2020 Survey of Investment Attractiveness for exploration & mining. TS
Slide 6: 1st Phase Project
1st PHASE PROJECT PEA supports return to gold production • Key metrics1 • $100 M capex to produce 72,000 oz/yr over 7 yrs with $1,057/oz AISC • $88 M after-tax NPV5% , 25% after-tax IRR at $1,550 per oz Au • $36 M/yr avg. free cash flow • Brownfield site – low technical and permitting risk • Deposit
Slide 7: Project Details
PROJECT DETAILS Modeled after prior operation • 12,000 tonnes/day open pit, heap leach operation • 0.87 g/t Au head grade, 2.7:1 strip ratio, 60% average recovery • Modular 2-stage crush to -2 inch; no agglomeration; conveyor stacking • Utilizes existing infrastructure • Permitting through NEPA proc
Slide 8: Site Layout
SITE LAYOUT Beartrack Pits Haidee Pit Leach Pads Plant Site TSX-V: RVG | OTCQX: RVLGF 8
Slide 9: Infrastructure Head Start
INFRASTRUCTURE HEAD START Carbon Friendly Grid Power Gold Production Facility TSX-V: RVG | OTCQX: RVLGF 9
Slide 10: Large Scale, Top-5 Grade
LARGE SCALE, TOP-5 GRADE Independently Owned & Undeveloped Open Pit Gold Projects Ranked by Grade & Resource 14 2.5 100% gold 12 2 Resources Moz AuEq 10 Grade g/t AuEq 8 1.5 6 1 4 0.5 2 0 0 M&I Inf M&I Grade Source: Public company filings. TSX-V: RVG | OTCQX: RVLGF 10
Slide 11: Riding the Value Curve - Two Ways
RIDING THE VALUE CURVE – TWO WAYS Exploration Development Production 2nd Way: 1st Way: Exploration Development of Heap Leach Project Value Time TSX-V: RVG | OTCQX: RVLGF 11
Slide 12: Target Rich Land Position
TARGET RICH LAND POSITION 5,800 hectares, 100% control 1.90 g/t over 21 m and 1.95 g/t Au over 18 meters in historical RC holes 4-9 g/t Au over 1-5 meters true thickness 2 km diameter, shallow in 14 holes over 1 km 71 g/t Au over magnetic high at Haidee strike 9.8 m at Ward’s Gulch +5km tend drilled
Slide 13: Beartrack Trend - 7-8 km and Open
BEARTRACK TREND – 7-8 KM (5 MILES) AND OPEN 1 km trend with high-grade underground 1.5 g/t gold in the open pit gold potential Indicated Mill Resource open open open 71 g/t gold over 9.8 meters at Mason Dixon. open open Including 5 km (3.5 miles) of known mineralized strike OPEN north and south TSX-
Slide 14: Joss Zone
JOSS ZONE High-grade intersections in 14 holes to-date1 • 1 km strike • 4 - 9 g/t gold • 1 - 5 meters true thickness • Program of 5 core holes underway See Revival Gold March 1st, 2021 press release for detailed results. PCSZ with high grade quartz-arsenopyrite-pyrite veinlets hosted in within folia
Slide 15: Haidee Zone
HAIDEE ZONE Section 65-17 • Oxidized gold mineralization at surface to 150 meters ? ? • Open to the NE up dip towards the soil anomaly on surface1 • Follow-up program of 10-12 holes this summer Note: (1) See Revival Gold press release January 25, 2021 for further details. TSX-V: RVG | OTCQX: RVLGF 1
Slide 16: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL Limited only by drilling to-date 1996 with follow-up drilling 2018 with follow-up drilling +50% 2020 Note: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above 0.27 g/t TSX-V: RVG | OTCQX: RVLGF Au. See NI 43-101 TR dated Dec
Slide 17: US$5/oz Discovery Costs
US$5/OZ DISCOVERY COSTS1 TSX-V: Note: (1) Less than US$15 RVG million| in OTCQX: RVLGFbetween 2017 start equity financing of exploration and 2020 release of resource. 17
Slide 18: Leadership
LEADERSHIP Hugh Agro Lisa Ross Steve Priesmeyer Pete Blakeley President & CEO VP and CFO VP Exploration General Manager B.Sc. (Mining Engineering), B.Comm., CPA, CA B.Sc. (Geology), M.Sc. B.Sc. (Geological MBA, P.Eng. Accounting and finance (Geology). C.P.G. Engineering) Mining engineer and professi
Slide 19: ESG Snapshot
ESG SNAPSHOT Z Revival Gold Metric • Committed to the safety and protection of our • Zero LTI in 2020 people, the communities and the environment • Built/operated within which we work numerous mines • Experienced management team • Independent Chair • Strong governance & Board, fully disclosed polici
Slide 20: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Street Research OTCQX: RVLGF Average Target Price Supports Significant Re-Rate 6% YRI 11% Basic Shares 71.2 M Management Fully-Diluted Shares 86.9 M 39% Share Price (15th June ‘21) $0.74 Institutional* 21% 52 Week High/Low C$1.45/0.62 Retail Avg. Daily Vol. 120,000 Basic Market Cap C$53 M
Slide 21: Next Steps
NEXT STEPS Building a great growth company in gold 2020 2021 2022 Priority Drill Targets Exploration & Infill Haidee, Rabbit, Joss, Drilling between N. & S. Pits 21 Engineering field work, BEARTRACK- 21 column leach tests ARNETT Environmental Planning, Drill Permitting Solid Resource Heap Leach PFS
Slide 22: Revival Gold Inc. - Fast Tracking, Proven Property, Compelling Opportunity
REVIVAL GOLD INC. FAST PROVEN COMPELLING TRACKING … PROPERTY… OPPORTUNITY… • Est. C$7.6 million cash • Largest past producer in Idaho • Near-term 72,000 oz/yr • Strong economics for heap • Significant “head start” with open pit heap leach in US leach re-start existing infrastructure • Substantial mi
Slide 23: Revival Gold Inc.
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO MELISA ARMAND | Investor Relations info@revival-gold.com 416-366-4100 TSX-V: RVG OTC-QX: RVLGF 23
Slide 24: Appendix
(rs REVIVAL GOLD ed APPENDIX
Slide 25: Board
BOARD Wayne Hubert Hugh Agro Don Birak Rob Chausse Non-Exec Chairman President & CEO Director Director B.Sc. (Chemical B.Sc. (Mining Engineering), B.Sc., M.Sc. (Geology) B.Comm., CA Engineering), MBA MBA, P.Eng. Former SVP, Coeur CFO, New Gold Inc. Former CEO of Andean Mining engineer and Mining and
Slide 26: Property Agreements
PROPERTY AGREEMENTS Beartrack: Key terms with subsidiary of Yamana Gold announced September 7, 2017 (as amended May 8, 2019 and May 20, 2020) • 1 MM shares and US$250,000 paid on close; further 3 MM shares to be paid over four years (all have now been issued) • US$10.0 MM in exploration over five ye
Slide 27: Beartrack-Arnett 2020 Resource
BEARTRACK-ARNETT 2020 RESOURCE Contained Tonnes Gold Grade Resource Category Gold (’000 t) (g/t Au) (000 oz) Indicated Leach Beartrack – Open Pit 11,900 0.56 215 Arnett – Open Pit 2,500 0.65 52 Indicated Mill Beartrack – Open Pit 22,216 1.52 1,089 Beartrack – Underground NA NA NA Total Indicated 36,
Slide 28: Beartrack-Arnett 2020 Resource (cont'd)
BEARTRACK-ARNETT 2020 RESOURCE (cont’d) 1. Effective date of December 10, 2019. CIM (2014) definitions were used for Mineral Resource classification. 2. Qualified Persons: Mark B. Mathisen, C.P.G, Ryan Rodney, C.P.G., Kathleen A. Altman, Ph.D., P.E. Mineral Resources were tabulated for model blocks
Slide 29: 2020 Resource: Statistics
2020 RESOURCE: STATISTICS1 Drill Hole Data Beartrack (core & RC holes) Arnett (only core holes used) Number Meters Number Meters Pre-2012 (Meridian) 471 64,084 11 1,337 Post-2012 (Yamana & RVG) 53 22,625 28 4,758 Total 524 86,709 39 6,095 … includes core holes 226 39 … of which RVG drilled (‘17-’19)
Slide 30: Favourable Metallurgy
FAVOURABLE METALLURGY Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at 13,600 tpd of heap leach material with a 2-stage crush to minus 2-inch size • Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold)1. • Arnett has been th
Slide 31: 1st Phase Production Schedule
1st PHASE PRODUCTION SCHEDULE1 Potential addition of 2-3 years to mine life? Note: (1) See NI-43-101 TR dated December 17th, 2020 and Revival Gold press release dated November TSX-V: RVG | OTCQX: RVLGF 17th, 2020 for further details. 31
Slide 32: Capital Cost Summary
CAPITAL COST SUMMARY 38% of initial capital $200 per oz of production TSX-V: RVG | OTCQX: RVLGF See press release dated November 17th, 2020 and NI-43-101 TR dated December 17th, 2020 for further details. 32
Slide 33: 1st Phase Economics
1st PHASE ECONOMICS $36 million average free cash flow/year Robust Project Economics1 $1,550/oz Gold PEA Base Case PEA (equivalent to consensus LT gold price2) Base Case Avg Annual Production 72,000 oz Au/yr Pre-Production Capex $100 M Gold Price US$/oz $1,550 $1,750 $1,950 LOM Sustaining Capex $62
Slide 34: Arnett
ARNETT Haidee, Roman’s Trench & Other Historic RC Drilling at Roman’s Trench1 ACR-132 21 m @ 1.90 g/t Au ACR-134 18 m @ 1.95 g/t Au ACR-136 31 m @ 0.65 g/t Au ACR-163 11 m @ 0.63 g/t Au 9 m @ 1.09 g/t Au 18 m @ 0.48 g/t Au Note: (1) Historical RC drilling at Arnett reported by American Gold Resource
Slide 35: Joss Zone
JOSS ZONE High-grade intersections1 • 1 km strike, 300 meters vertical and open • 4 - 9 g/t gold • 1 - 5 meters true thickness enveloped within lower grade halo Note: (1) See Revival Gold March 1st, 2021 press release for detailed results. PCSZ with high grade quartz-arsenopyrite-pyrite veinlets hos
Slide 36: Joss Zone
JOSS ZONE High grades • 4.58 g/t gold over 10.1 meters within 2.29 g/t gold over 45.7 meters in BT20-235D1 • 6.84 g/t gold over 3.9 meters within 2.41 g/t gold over 43.9 meters in BT20-227D1 See Revival Gold February 22nd, 2021 press release for detailed results. PCSZ with high grade quartz-arsenopy
Slide 37: Revival Gold Inc.
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO MELISA ARMAND | Investor Relations info@revival-gold.com 416-366-4100 TSX-V: RVG OTC-QX: RVLGF 37