Rupert Resources — Investor Presentation (June 2018)
36 slides from Rupert Resources's investor presentation, June 2018
Slide 1: Developing a Pipeline of High Quality Assets in Low Risk Jurisdictions
DEVELOPING A PIPELINE OF HIGH QUALITY ASSETS IN LOW RISK JURISDICTIONS TSXV : RUP JUNE 2018
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information This information is qualified in its entirety by cautionary statements and risk This document contains certain forward-looking statements or “forward factor disclosure contained in filings made by the Company, including the l
Slide 3: Company Summary
COMPANY SUMMARY CORNERSTONE ASSET IN THE CENTRAL LAPLAND GREENSTONE BELT Pahtavaara Project – Production potential Capital Structure • Mine, 1500tpd mill and tailings dam (1) Shares on Issue 112,032,073 • Historical production 350kozs despite poor understanding Options & Warrants 8,315,000 of geolog
Slide 4: Unlocking the Potential of Our Assets
UNLOCKING THE POTENTIAL OF OUR ASSETS COMMITTED TO DELIVERING EXCEPTIONAL SHAREHOLDER RETURNS 2016 – Acquisition • Bottom of cycle, low cost acquisition, near term production potential • Early mover advantage in Finland (ranked #1 by Fraser Institute in 2017(1) ) 2017 and 2018 – Exploration and proj
Slide 5: Corporate Structure
CORPORATE STRUCTURE 100% OWNERSHIP IN LOW RISK, MINING FRIENDLY JURISDICTIONS Rupert Resources Ltd Rupert Finland Oy Northern Aspect Gold Centre Project, Surf Inlet Project, BC Resources Ltd Red Lake Pahtavaara Project Northern Aspect Oy BRGold Oy Hirvilanma Project Hirsikangas Project Osikonmaki Pr
Slide 6: Mining in Finland
MINING IN FINLAND NEW GENERATION OF LARGER PROJECTS BEING DEVELOPED IN LAPLAND Commercial gold mining is new in Finland Gold mines 1. Kittila (Agnico Eagle) • State owned mining company Outokumpu previously 2. Pahtavaara (Rupert) focussed on base metals 3. Laiva (Nordic Mines) 4. Pampalo (Endomines)
Slide 7: New Gold Mining District Emerging in Lapland
NEW GOLD MINING DISTRICT EMERGING IN LAPLAND Kittila Mine Outa Project Pahtavaara Mine Kevitsa Mine (Agnico Eagle) (Aurion / Kinross) (Rupert Resources) (Boliden) • Production of 200koz/a • Kinross LOI to acquire up to • Resource expected H1 2018 • Bought from FQM for • 8Moz resource 70% • 350 koz p
Slide 8: The Pahtavaara Project
THE PAHTAVAARA PROJECT ESTIMATED REPLACEMENT VALUE OF USD120MLN (1) 2 1 3 4 1 1500tpd mill 2 Tailings pond 3 Open pit 4 30,000m of UG development FIRST WORLD INFRASTRUCTURE, LOW HISTORIC OPERATING COSTS (1) Refer to page 1, forward looking “Cautionary Statement”. 8
Slide 9: A Fully Established Mining Project
A FULLY ESTABLISHED MINING PROJECT Fully Established Underground Mine • 30km of 5m x 5m development • Mechanised long hole mining method used • Good ground conditions • Mining contractor has prepared for future operation • Dewatering upgrade underway 500ktpa Processing Plant and Tailings Facility •
Slide 10: Reappraisal of Existing Drill Data
REAPPRAISAL OF EXISTING DRILL DATA PREVIOUS WORK COULD HAVE UNDERESTIMATED SCALE OF PAHTAVAARA Past 20 years of ownership • 300,000m of previous drilling • Fragmented database • No geological model & Minimal grade control • But still managed to produce 350koz Rupert initiatives • Database upgrade an
Slide 11: Targeted Drilling Testing Extensions
TARGETED DRILLING TESTING EXTENSIONS NEW DRILLING AND REINTERPRETATION EXPANDED MINERALISED ZONES 11
Slide 12: Plan View of New Inferred Resource
PLAN VIEW OF NEW INFERRED RESOURCE PAHTAVAARA PLAN VIEW – BLOCK MODEL AT 1.5g/t CUTOFF OPEN OPEN OPEN OPEN OPEN PAHTAVAARA DEMONSTRABLY OPEN AT DEPTH AND ALONG STRIKE 12
Slide 13: New Inferred Resource
NEW INFERRED RESOURCE PAHTAVAARA LONG SECTION – BLOCK MODEL AT 1.5g/t CUTOFF KAROLIINA WEST KAROLIINA EAST LANSI HARPOON DB NFE SAMURAI OPEN OPEN OPEN OPEN SAMURAI DEEPS OPEN 13
Slide 14: New Inferred Resource
NEW INFERRED RESOURCE PAHTAVAARA SHOWN TO YIELD OVER 2000 OZ / VERTICAL METER Cutoff (g/t Au) Grade (g/t Au) Tonnage Au oz Au kg 0.5 1.6 14,540,000 756,000 23,500 1.0 2.4 7,980,000 605,000 18,800 1.5 3.2 4,640,000 474,000 14,700 2.0 4.0 3,030,000 385,000 12,000 3.0 5.6 1,470,000 264,000 8,200 4.0 7.
Slide 15: Geological History of Pahtavaara
GEOLOGICAL HISTORY OF PAHTAVAARA AT LEAST TWO STAGES OF GOLD ENRICHMENT IDENTIFIED 15
Slide 16: Geological Model
GEOLOGICAL MODEL A LOW SULPHIDATION STRUCTURALLY CONTROLLED DEPOSIT Similar characteristics to major deposits in Abitibi, Canada and Yilgarn, Western Australia • Polyphase quartz-carbonate veining, multiple deformation phases both brittle and ductile • Intense alteration evolving over prolonged time
Slide 17: Updated Structural Interpretation
UPDATED STRUCTURAL INTERPRETATION NEW UNDERSTANDING TO IMPROVE FUTURE DRILL TARGETING Competent carbonate- silica -magnetite lithology that has been preferentially fractured 17
Slide 18: Cross Section of New Zones (Looking West)
CROSS SECTION OF NEW ZONES (LOOKING WEST) NFE ZONE / SAMURAI DEEPS / T-ZONE / HARPOON 18
Slide 19: Initial Results of Underground Sampling
INITIAL RESULTS OF UNDERGROUND SAMPLING UNMINED MINERALISATION CLOSE TO EXISTING INFRASTRUCTURE 19
Slide 20: Near Mine Exploration Targets - Gold
NEAR MINE EXPLORATION TARGETS - GOLD MICROPANNING OF 2017 SOIL SAMPLES HAS IDENTIFIED NEW ANOMALIES • Panning has detected extensive fine grained gold in till • Possibly related to a proximal source • Up to 800 grains recorded (10x more than known mineralisation) Insert micropanning map. 20
Slide 21: Near Mine Exploration Targets – Base Metals
NEAR MINE EXPLORATION TARGETS – BASE METALS PROMISING INITIAL RESULTS FROM 3,468M EXPLORATION CAMPAIGN • Liikamaa target identified potential for disseminated and structurally controlled base metal sulphides. • 2018 fieldwork program to follow-up Drill core from hole dh 117130 Intersection 29m @ 0.2
Slide 22: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS UTILISING EXTENSIVE HISTORICAL DATA PACKAGE Historic data package • GTK base of till sampling • Airborne Geophysics • 27km of IP geophysics • Near mine ground mag • 320km of diamond drilling RUP exploration 2017 • 1012 ionic leach samples • 172 geochem. samples • 200+ ro
Slide 23: Geophysics – UAV Magnetics Survey
GEOPHYSICS – UAV MAGNETICS SURVEY UTILISING THE LATEST TECHNIQUES TO ACCELERATE EXPLORATION • Rupert has partnered with a Finnish company to trial drone mounted geophysical surveys • Results are close in quality to ground magnetics and far improved over GTK airborne survey • Low cost – 10% heliborne
Slide 24: Exploration Potential
EXPLORATION POTENTIAL REGIONAL GEOLOGICAL SETTING WITH POTENTIAL TO HOST MULTIPLE DEPOSITS 24
Slide 25: Central Finland
CENTRAL FINLAND TWO ADVANCED STAGE EXPLORATION ASSETS Hirsikangas • Palaeoproterozoic orogenic gold deposit on 30km of Ruhanperä crustal scale shear zone • Only 1.2km of strike drilled at shallow levels, open down dip and along strike in both directions • Claims & Reservations covering approx 300km2
Slide 26: Hirsikangas Project
HIRSIKANGAS PROJECT RESOURCE CONTAINED ON 1.2KM OF 32KM CRUSTAL SHEAR ZONE Regional setting Northern Aspect • Palaeoproterozoic orogenic gold deposit on extended claim area 30km of Ruhanperä crustal scale shear zone • Only 1.2km of strike drilled at shallow levels, open down dip and along strike in
Slide 27: Hirsikangas – Geological Setting
HIRSIKANGAS – GEOLOGICAL SETTING POTENTIAL PARALLEL MINERALISATION & ALONG STRIKE EXTENSION Historical drill holes of known orebody and Airborne EM showing the extension of the host potential parallel structure structure and anomalous boulders at Hanni target 27
Slide 28: Osikonmaki Project
OSIKONMAKI PROJECT LOCATED ON CRUSTAL SCALE DEFORMATION ZONE Regional setting • Located in eastern central Finland, 40km south of Outokumpu • Shear zone hosted gold deposit in the northwest trending crustal scale Ladoga-Bothnian deformation zone • Deposit model is epigenetic intrusion related • Prim
Slide 29: Osikonmaki Potential Upside
OSIKONMAKI POTENTIAL UPSIDE Historical data and potential upside • >20,000M of historical drilling, IP & Magnetic Geophysics, base of till geochemical sampling • Boulder data suggests extension at western edge of property • IP Geophysics shows further potential to south of current drilling 29
Slide 30: Gold Centre - Red Lake, Ontario
GOLD CENTRE - RED LAKE, ONTARIO STRATEGIC 256 HECTARE LAND POSITION IN THE 23MOZ RED LAKE GOLD CAMP Rupert Resources has a portfolio of strategic licenses. The Gold Centre, Red Lake property is 100% owned, prior exploration has demonstrated the continuation of the Balmer formation. Map sourced from
Slide 31: Gold Centre Status and Strategy
GOLD CENTRE STATUS AND STRATEGY POTENTIAL TO JOINT VENTURE TO ACCELERATE DEVELOPMENT • Balmer mafic metavolcanics identified in drill core and on surface • Discovery of the Far East Zone by Goldcorp has provided further support that the southwest dipping Red Lake Mine trend potentially extends throu
Slide 32: Outlook
OUTLOOK REALISING THE POTENTIAL OF OUR ASSETS Pahtavaara • Updated resource for Pahtavaara, NI43-101 report end June quarter 2018 • Extensive underground sampling & infill assay program to further improve geological model • Internal engineering studies based on new resource model • Licence wide expl
Slide 33: Appendix
> RUPERT APPENDIX <? RESOURCES
Slide 34: Leadership
LEADERSHIP EXPERIENCED MANAGEMENT TEAM LEADING THE COMPANY Brian Hinchcliffe - Executive Chairman Michael Sutton - P. Geo., Non-Executive Director Brian was co-founder of Kirkland Lake Gold and Rambler Mike is a geologist who has worked in some of the most Metals and Mining, producing mines in Ontar
Slide 35: Significant Results from Drilling
SIGNIFICANT RESULTS FROM DRILLING Karoliina Harpoon • Western extension of deposit, mineralisation close • 20m from existing infrastructure with possible to existing infrastructure open pit pushback on near surface projection • Intersections include: 116005 - 32g/t over 5m, • Intersections include:
Slide 36: Contact Details
CONTACT DETAILS James Withall – Chief Executive Officer Email - jwithall@rupertresources.com Thomas Credland – Head of Corporate Development Email - tcredland@rupertresources.com Address 82 Richmond Street East Suite 203, Toronto, Ontario M5C 1P1 Website www.rupertresources.com 36