Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (October 2022)
40 slides from Revival Gold's investor presentation, October 2022
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation October 2022 revival-gold.com TSX-V: RVG OTCQX: 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 • Key project advantages: • Jurisdiction – Top-10 in the world1 • Infrastructure – roads, power, gold processing facility • Heap leach restart opportunity – PFS underway by KCA & IMC • Impr
Slide 4: Positioned in North America
POSITIONED IN NORTH AMERICA • 2nd largest gold-producing region in the world1 • Idaho is ranked Top-10 in the world for investment in mining by the Fraser Institute2 • 27 M ounce state endowment of undeveloped gold3 Source: (1) World Gold Council ; (2) Fraser Institute 2020 Survey of Investment Attr
Slide 5: Land Position – 5,800 ha
LAND POSITION – 5,800 HA 1See Revival Gold December 2 nd, 2021 press release for detailed results. TSX-V: RVG | OTCQX: RVLGF See Revival Gold press releases dated Nov. 13th, 2017, Dec. 2nd, 2021, and Mar. 15th, 2022, for additional details on drill results. Additional property details on page 31. 5
Slide 6: 1st Phase Project: Open Pit Heap Leach Restart
1st PHASE PROJECT Open Pit Heap Leach Restart • Objective: 65-75 koz p.a. for 7-9 years from heap leach as well as economic portion of “mill” Mineral Resources • PFS underway by KCA & IMC – targeting to complete mid-2023 • Brownfield site – low technical and permitting risk • Deposit open with signi
Slide 7: Infrastructure Head Start
INFRASTRUCTURE HEAD START Low Cost Carbon Friendly Grid Power Gold Production Facility TSX-V: RVG | OTCQX: RVLGF 7
Slide 8: Update: Key Studies in Support of mid-2023 PFS
UPDATE Key Studies in Support of mid-2023 PFS • Column Tests – recent 180-day results on 1.5-inch crush demonstrate 82% recovery of CNAu at Beartrack and 92% recovery of FAAu at Arnett1 • Geotechnical Studies – results identified opportunities to increase pit slopes • Power Studies – Idaho Power fir
Slide 9: Haidee Deposit
HAIDEE DEPOSIT Opportunity to expand heap leach plans • Up dip and down dip targets Resource • Attractive Pit Shell opportunities outside resource pit outline TSX-V: RVG | OTCQX: RVLGF 9
Slide 10: Haidee Deposit
HAIDEE DEPOSIT Current Phase of Drilling Section 65-18 • Objective to infill & expand oxide open pit material, build on current deposit • Favorable setting and leach recoveries1 TSX-V: RVG | OTCQX: RVLGF Notes: (1) See Revival Gold press release dated September 6 th, 2022. 10
Slide 11: Other Oxide Targets
OTHER OXIDE TARGETS Targets based on soil sampling, rock sampling and geophysics • Six target areas of note • Additional targets include the Italian mine area, Roman’s Trench and a geophysical anomaly west of Haidee TSX-V: RVG | OTCQX: RVLGF 11
Slide 12: Beartrack Property
BEARTRACK PROPERTY Joss Target TSX-V: RVG | OTCQX: RVLGF 12
Slide 13: Beartrack Trend – Over 5 km
BEARTRACK TREND – OVER 5 KM TSX-V: RVG | OTCQX: RVLGF 13
Slide 14: Joss to South Pit Trend
JOSS TO SOUTH PIT TREND Joss Zone South Pit Zone S N 2 kms open open open open open Elv (ft) Grade (g/t Au) TSX-V: RVG | OTCQX: RVLGF 14
Slide 15: Joss Target
JOSS TARGET High-grade intersections in all 20 holes to-date1 • 1 km strike, 4-11 g/t Au, 1-6 m true thickness with broad zone of surrounding mineralization Average Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 45.5 2.80 HG Domain 5.50 7.68 Arithmetic averages. TSX-V: RVG | OTCQX: RVLGF Not
Slide 16: Joss Zone – BT21-240D
JOSS ZONE – BT21-240D 3 • Photo depicts 18.9 g/t gold over 5.3 m within 4.34 g/t gold over 110.6 m1 1 1.5 m @ 12.0 g/t gold 2 2 1.2 m @ 28.9 g/t gold 3 1.1 m @ 12.8 g/t gold 4 1.5 m @ 22.3 g/t gold 4 1See Revival Gold December 2 nd, 2021 press release for detailed results. 1 PCSZ with high grade qua
Slide 17: Joss Block Model
JOSS BLOCK MODEL1 +5 g/t grade shell (in magenta) shows promise Joss Block Model • Limited only by (grade shells) available drill +0.2 g/t Au data +2.0 g/t Au • Opportunity to +5 g/t Au re-block to 125 meters optimize underground grades 1See Revival Gold May 16 th, 2022 press release for detailed re
Slide 18: Orogenic Gold Deposits
OROGENIC GOLD DEPOSITS Key Features: (1) large, (2) significant vertical extent, (3) consistent mineralogy • Canadian Malartic (Canada) • Kittila (Finland) • UG – 5.5 MM oz Au at 4.7 g/t Au (historical) • UG – 4.1 MM oz at 4.16 g/t Au (P&P) • OP – 6.4 MM oz at 0.98 g/t Au • Macraes (NZ) • Natalka (R
Slide 19: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL Less than $5/ounce discovery cost to-date 2018 2020 2022 250 meters Notes: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above 0.20 g/t gold. See Revival Gold May 16th, 2022, press release and NI- TSX-V: RVG | OTCQX: RVLGF 4
Slide 20: Kittilä - Project Analogue?
Kittilä - Project Analogue? Beartrack Kittilä • Kittilä is Europe’s largest primary gold producer • Similarities to Beartrack: • String of near-surface deposits over +/5km trend • Orogenic deposit, significant U/G component • Similar mineralogy and mill process TSX-V: RVG | OTCQX: RVLGF 20
Slide 21: ESG Snapshot
ESG SNAPSHOT Z Metrics Revival Gold • Committed to the safety and protection of our • Zero LTI 2021 • Built/operated people, the communities and the environment numerous within which we work mines • Experienced management team • Independent Chair & Board, fully • Strong governance disclosed policies
Slide 22: Leadership
LEADERSHIP Hugh Agro Lisa Ross John Meyer Steve Priesmeyer President & CEO VP and CFO VP Engineering & VP Exploration B.Sc. (Mining Engineering), B.Comm., CPA, CA Development B.Sc. (Geology), M.Sc. MBA, P.Eng. Accounting and finance B.Sc. (Civil Eng.), B.Sc. (Geology). C.P.G. Mining engineer and pro
Slide 23: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Basic Shares 86.9 M Street Research OTCQX: RVLGF Fully-Diluted Shares 100.4 M Average Target Price Supports Significant Re-Rate Share Price (Oct. 4th/22) C$0.64 5% 52 Week High/Low C$0.76/0.38 10% YRI Approx. Avg. Daily Vol. +/-145,000 Management Basic Market Cap C$56 M 42% Est. Cash (at J
Slide 24: Building Value
BUILDING VALUE Heap Leach Material Sulphide Material (advancing to cash flow) (world class growth potential) How? • Haidee and HL + U/G & O/P Mill $ NPV ($ MM) other oxide Scenario targets • Optimization HL + U/G Mill Scenario $ How? • Strike Heap expansion Heap Leach $ How? • Joss & SP u/g targets
Slide 25: Current Value – Grade Matters!
CURRENT VALUE1 Grade Matters! 100.00 2.00 Jr Gold M&A Historical Average EV US$/oz Total Au Eqvlt. Recent Acquisitions Avg. Grade g/t Au Eqvlt. 80.00 US$65/oz2 1.50 60.00 • For single-asset western 1.00 US gold developers Peer Average 40.00 US$30/oz1 Company Deal Premium Resource $/oz GSV $186M 35%
Slide 26: Timeline
TIMELINE 2021 2022 2023 -26 FS & Heap Leach Heap Leach PFS Restart (65-75 koz/yr) BEARTRACK- ARNETT Open Pit Oxide Exploration Drilling Mineral Resource Update Mill Phase PEA High Grade Sulphide Exploration Drilling (>150 koz/yr) 26 Heap Leach Environmental & Permit Planning CORPORATE DEVELOPMENT As
Slide 27: Revival Gold Inc.
REVIVAL GOLD INC. STRONG ADVANCING TOWARD CATALYTIC FOUNDATION… PRODUCTION… OPPORTUNITY… • Beartrack mine was the • C$7.1 million cash1 • Ongoing exploration, high- largest past gold producer • Drilling – Joss, South Pit and grade targets in Idaho Haidee • At an inflection point for • Significant “h
Slide 28: Revival Gold Inc. Contact
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 OTCQX: RVLGF 28
Slide 29: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 29
Slide 30: 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 31: Property Agreements
PROPERTY AGREEMENTS Beartrack: Key terms with subsidiary of Yamana Gold announced September 7th, 2017 (as amended and restated August 30th, 2022) • 1 MM shares and US$250,000 paid on announcement; further 3 MM shares to be paid over four years (all have now been issued) • US$15.0 MM in exploration o
Slide 32: Favourable Metallurgy
FAVOURABLE METALLURGY1,2 Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at an average rate of 12,000 tpd of heap leach material with a 2-stage crush to minus 2-inch size • Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold).
Slide 33: 2022 Mineral Resource
2022 MINERAL RESOURCE* Tonnes Gold Grade Contained Gold Mineral Resource Category (‘000) (g/t Au) Ounces (‘000) Indicated (Heap Leach)5 Beartrack – open pit 14,819 0.59 283 Arnett – open pit 5,719 0.59 109 Indicated (Mill) Beartrack – open pit 44,418 1.20 1,719 Beartrack – underground - - - Total In
Slide 34: 2022 Mineral Resource Parameters
2022 MINERAL RESOURCE PARAMETERS* Parameter Units Value Reflects updated unit General Parameters costs for today’s Base Case Gold Price Open Pit Mining Cost – Beartrack US$/ounce gold US$/tonne mined $1,800 $1.89 inflationary Open Pit Mining Cost - Arnett Underground Mining Cost US$/tonne mined US$/
Slide 35: 2022 Mineral Resource Statistics
2022 MINERAL RESOURCE STATISTICS* Drill Hole Data Beartrack (core & RC holes) Arnett (only core holes used) Number Meters Number Meters Pre-2012 (Meridian) 481 64,835 11 1,337 2012 – 2022 (Yamana & RVG) 68 28,262 84 13,517 Total 567 93,097 84 13,517 … includes core holes 241 56,348 84 13,517 … of wh
Slide 36: 2022 Mineral Resource - Cross Sections
2022 MINERAL RESOURCE - CROSS SECTIONS * See Revival Gold NI-43-101 Technical Report dated July 13th, 2022, for further details . TSX-V: RVG | OTCQX: RVLGF 36
Slide 37: 2022 Mineral Resource - Cross Sections
2022 MINERAL RESOURCE - CROSS SECTIONS * See Revival Gold NI-43-101 Technical Report dated July 13th, 2022, for further details . TSX-V: RVG | OTCQX: RVLGF 37
Slide 38: Arnett Mineralization
ARNETT MINERALIZATION Native Au in FeOx Quartz vein with FeOx K-feldspar alteration TSX-V: RVG | OTCQB: RVLGF 38 38
Slide 39: Exploration Targets
EXPLORATION TARGETS North Pit & Moose Targets Haidee Roman’s Trench (21 m of 1.90 g/t Au and Target 18 m of 1.95 g/t Au1) Joss & South Pit Targets Approximate Scale 2 km Beartrack-Arnett Areas of High Gold Prospectivity Project Area (3D View) (after Mira Geoscience July 2021) Targets and mineralized
Slide 40: Revival Gold Inc. Contact
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 OTCQX: RVLGF 40