Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (December 2022)
41 slides from Revival Gold's investor presentation, December 2022
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation December 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. Top US Gold Discoveries in the Past Decade1 A growth company in gold Beartrack-Arnett Gold Project • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Key project advantages: • Jurisdiction – top-10 in the world2 • Infrastructure – roads, power, gold processing fa
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 • 28 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
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 2022 drill program • 18 drill holes completed to infill & expand oxide open pit material • Favorable setting and leach recoveries1 • Deposit reamins open TSX-V: RVG | OTCQX: RVLGF Notes: (1) See Revival Gold press release dated September 6 th, 2022. 9
Slide 10: Haidee Deposit – AC18-13D
HAIDEE DEPOSIT – AC18-13D • Photo depicts 1.9 g/t gold over 6.1 meters1 2 4 1 0.38 g/t gold 2 5.32 g/t gold 3 0.75 g/t gold Quartz-FeOx veinlet with native Au in 4 1.15 g/t gold FeOx 3 1See Revival Gold December 4 th, 2018 press release for detailed results. 1 10 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
BEARTRACK 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, 500 m vertical, high-grade core, broad zone of surrounding mineralization Average Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 45.5 2.8 Incl. High-Grade Domain 5.50 7.7 Arithmetic averages. TSX-V: RVG | OTCQX: RVL
Slide 16: Joss Target
JOSS TARGET 2022 drilling extends depth and scope Note: (1) see Revival Gold December 2nd, 2021 and September TSX-V: RVG 22nd|, 2022 press RVLGF OTCQX: releases for further details. 16
Slide 17: Joss Target – BT21-240D
JOSS TARGET – BT21-240D 3 • Photo depicts 18.9 g/t gold over 5.3 m within 4.34 g/t gold over 110.6 m1 2 1 1.5 m @ 12.0 g/t gold 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 q
Slide 18: Joss Target – BT22-242D
JOSS TARGET – BT22-242D •Photo depicts 16.6 g/t gold over 4.5 meters within 3.5 g/t gold over 115.4 meters1 1 2 1 1.4 m @ 12.8 g/t Au 2 1.2 m @ 14.8 g/t Au 3 1.1 m @ 18.8 g/t Au 4 0.8 m @ 22.9 g/t Au 3 4 1See Revival Gold September 22, 2022 press release for detailed results PCSZ with high grade qua
Slide 19: 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 20: 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 21: 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 22: Kittila – Project Analogue?
KITTILA – 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 22
Slide 23: ESG Snapshot
ESG SNAPSHOT Z Metrics Revival Gold • Zero LTI 2022 YTD • Committed to the safety and protection of our • Built/operated people, the communities and the environment numerous within which we work mines • Experienced management team • Independent Chair & Board, fully • Strong governance disclosed poli
Slide 24: Team
TEAM 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 professio
Slide 25: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Basic Shares 86.9 M Street Research OTCQX: RVLGF Fully-Diluted Shares 101.7 M Average Target Price Supports Significant Re-Rate Share Price (Dec. 14th/22) C$0.64 5% 52 Week High/Low C$0.76/0.38 10% YRI Approx. Avg. Daily Vol. +/-100,000 Management Basic Market Cap C$56 M 40% Cash (at Sept.
Slide 26: Building Value
BUILDING VALUE Heap Leach Material Sulphide Material (advancing to cash flow) (world class future 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 t
Slide 27: Current Value
CURRENT VALUE Grade Matters! Jr Gold M&A Historical Average US$65/oz Recent Acquisitions Western US gold developers Peer Average US$26/oz (2013-2015 lows) Notes: Fuse Advisors Inc., sourced from S&P Database, October 2022; TSX-V: RVG | OTCQX: RVLGF RBC October 20th, 2022 and May 24th, 2022 reports.
Slide 28: Timeline
TIMELINE 2022 2023 2024 -26 FS & Heap Leach Heap Leach PFS Restart (65-75 koz/yr) BEARTRACK- ARNETT Heap Leach Environmental & Permit Planning Open Pit Oxide Exploration Mill Phase PEA High Grade Sulphide Exploration (target >200 koz/yr) 28 CORPORATE DEVELOPMENT Assessing Complementary Strategic Opp
Slide 29: Revival Gold Inc.
REVIVAL GOLD INC. STRONG ADVANCING TOWARD CATALYTIC FOUNDATION… PRODUCTION… OPPORTUNITY… • Beartrack mine was the • C$3.4 million cash1 • Ongoing exploration, high- largest past gold producer • Proven technical and grade targets in Idaho operating team • At an inflection point for • Significant “hea
Slide 30: 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 30
Slide 31: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 31
Slide 32: 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 33: 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$15.0 MM in exploration o
Slide 34: Favourable Metallurgy
FAVOURABLE METALLURGY1,2 Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at an average rate of 12,000 tpd of heap leach material with a 2-stage crush to minus 2-inch size • Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold).
Slide 35: 2022 Mineral Resource
2022 MINERAL RESOURCE* Tonnes Gold Grade Contained Gold Mineral Resource Category (‘000) (g/t Au) Ounces (‘000) Indicated (Heap Leach)5 Beartrack – open pit 14,819 0.59 283 Arnett – open pit 5,719 0.59 109 Indicated (Mill) Beartrack – open pit 44,418 1.20 1,719 Beartrack – underground - - - Total In
Slide 36: 2022 Mineral Resource Parameters
2022 MINERAL RESOURCE PARAMETERS* Parameter Units Value Reflects updated unit General Parameters costs for today’s Base Case Gold Price Open Pit Mining Cost – Beartrack US$/ounce gold US$/tonne mined $1,800 $1.89 inflationary Open Pit Mining Cost - Arnett Underground Mining Cost US$/tonne mined US$/
Slide 37: 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 38: South Pit and North Pit Zone X-Sections
SOUTH PIT AND NORTH PIT ZONE X-SECTIONS Note: See Revival Gold NI- 43-101 Technical Report dated July 13th, 2022, for further details . TSX-V: RVG | OTCQX: RVLGF 38
Slide 39: Joss Zone X-Sections
JOSS ZONE X-SECTIONS Note: See Revival Gold NI-43-101 Technical Report dated July 13th, 2022, December 2nd, 2021 and September 22nd, 2022 press TSX-V:releases RVGfor further details. | OTCQX: RVLGF 39
Slide 40: 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 41: 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 41