Integra Resources Corp · TSXV:ITR
Integra Resources — Corporate Update (June 2023)
23 slides from Integra Resources's corporate update, Jun 28, 2023
Slide 1: Wildcat & Mountain View PEA
Wildcat & Mountain View PEA Corporate Update – June 28, 2023 TSX-V: ITR I NYSE: ITRG INTEGRARESOURCES.COM
Slide 2: Cautionary Note
CAUTIONARY NOTE This document has been prepared by Integra Resources Corp. (the “Integra Resources” or the “Company”) solely for the use in connection with the recipient’s evaluation of the Company. This document is a presentation of information about the Company’s activities as the date of the pres
Slide 3: Wildcat & Mountain View – Maiden PEA Demonstrates Robust Economics
Wildcat & Mountain View – Maiden PEA Demonstrates Robust Economics1 US$310M 37% 80koz US$973/oz US$115M Annual AuEq Production After-Tax NPV(5%) After-Tax IRR over 13 year LOM Co-Product AISC Initial Capex Source: Refer to the news release dated June 28, 2023. The NI 43-101 Technical Report for the
Slide 4: Wildcat & Mountain View: Mineral Resource Estimate
Wildcat & Mountain View: Mineral Resource Estimate Updated Mineral Resource Estimate PEA Modeled Resource Wildcat Tonnes g/t Au oz Au g/t Ag oz Ag g/t AuEq oz AuEq Indicated 59,872,806 0.39 746,297 3.34 6,437,869 0.43 829,152 Oxide Inferred 22,455,848 0.29 209,662 2.74 1,980,129 0.33 235,146 Mountai
Slide 5: Wildcat & Mountain View: Production Assumptions
Wildcat & Mountain View: Production Assumptions Mining Wildcat & Mountain View Total Tonnage Mined (kt) 220,187 Wildcat AuEq Production Mountain View AuEq Production Total Mineralized Material (kt) 99,522 140,000 Strip Ratio (Waste: Mineralized) 1.21 Mine Life 13.0 120,000 Contained Contained Gold (
Slide 6: Wildcat & Mountain View: Capex Breakdown
Wildcat & Mountain View: Capex Breakdown Heap Leach Designs Capital Cost Breakdown (US$M) Wildcat Mountain View Combined Wildcat Initial Capital (Y-1) Heap Leach Pad $26.7 $0.0 $26.7 Processing $65.5 $0.0 $65.5 Initial Cash Bonding $2.2 $0.0 $2.2 Contingency $20.6 $0.0 $20.6 Mountain Total Wildcat I
Slide 7: Wildcat & Mountain View: Operating Cost Breakdown
Wildcat & Mountain View: Operating Cost Breakdown Per Tonne US$/oz Au US$/oz AuEq LOM Operating Costs (US$) Mined Processed LOM Cash Costs, AISC & AIC Breakdown By-Product Co-Product Mining $1.82 $4.02 Mining $393 $384 Processing $3.59 Processing $351 $343 G&A $0.58 G&A $56 $55 Total Site Costs $8.1
Slide 8: Simple, High-Margin, Heap Leach Operation
Wildcat & Mountain View: Simple, High-Margin, Heap Leach Operation Wildcat & Mountain View PEA demonstrates robust initial economics while maintaining excellent resource growth potential1 US$310M NPV5% 13 year LOM US$973/oz 1Moz / ~80koz AuEq 3-year Payback 37% IRR 100Mt of Material LOM AISC Total /
Slide 9: Strong Cash Flow Profile
Wildcat & Mountain View: Strong Cash Flow Profile Annual Operating After-Tax Cash Flow (US$M) $150 $600 $100 $400 Cumulative After-Tax Cash Flow (US$M) Annual Capex / Cash Flow (U$M) $50 $200 $0 $0 Yr-1 Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Yr7 Yr8 Yr9 Yr10 Yr11 Yr12 Yr13 Yr14 Yr15 ($50) ($200) ($100) ($400) ($15
Slide 10: Wildcat & Mountain View: Excellent Initial Project Economics
Wildcat & Mountain View: Excellent Initial Project Economics After-Tax NPV, IRR and Payback Sensitivity Table (US$M) Project economics at spot prices (US$1,920/oz Au and US$22.00/oz Ag): After-Tax NPV5% of US$442M and IRR of 50% Source: Refer to the news release dated June 28, 2023. The NI 43-101 Te
Slide 11: Opportunities & Value Enhancement
Wildcat & Mountain View: Opportunities & Value Enhancement Exploration Metallurgy Processing • Significant exploration potential remains • On-going metallurgical test work • Short haulage distances and the use of at both Wildcat & Mountain View underway to further optimize metallurgy conveyor system
Slide 12: PEA Supports Major De-Risking Activities at Key Assets
PEA Supports Major De-Risking Activities at Key Assets ▪ DeLamar: ▪ DeLamar: ▪ 2022 PFS published, ▪ Updated mineral resource metallurgical and geotechnical estimate in Q3 2023 including ✓ studies moving towards low grade-stockpiles ✓ Feasibility level studies ▪ Wildcat & Mountain View: ▪ Wildcat &
Slide 13: Relative Positioning: Great Basin Heap Leach Projects
Relative Positioning: Great Basin Heap Leach Projects Development Assets: Total Mineral Resource (Moz AuEq)1 Producing Assets: Grade & Recovery2 Oxides (M+I) Oxides (Inferred) Non-Oxides (M+I) Non-Oxides (Inferred) Mineral Resource Grade (g/t AuEq) Mineral Resource Strip Adjusted Grade (grade / stri
Slide 14: Relative Positioning: Junior Producers
Relative Positioning: Junior Producers Production Potential (koz AuEq)1 Market Capitalization (US$M) Fully-financed developers DeLamar Wildcat & Mountain View Artemis 339 Orla $1,265 Calibre 280 K92 $1,039 Argonaut 226 SilverCrest $848 Integra 2 136 80 216 Wesdome $737 K92 203 Artemis $693 Victoria
Slide 15: Scarcity Value: Very few large heap leach projects available in the USA
Scarcity Value: Very few large heap leach projects available in the USA with increased recent M&A activity Gold Standard Ventures ✓ FS published DeLamar Project ✓ Acquired by Orla for ~C$240M1 ✓ 2.6Moz Au and 127Moz Ag (M&I) ✓ 2022 PFS ✓ After-Tax NPV(5%) US$314M / 33% IRR (US$1,700/oz Au, US$21.50/
Slide 16: Generating Value Through the Lassonde Curve
Generating Value Through the “Lassonde Curve” Focused on advancing DeLamar toward production and growing the existing resource base at Wildcat & Mountain View Development Exploration, Discovery & Resource Growth Construction / Production (Technical Studies, Permitting, Project Financing) Intrinsic V
Slide 17: Wildcat Oxide Project: Drilling & Exploration Plan of Operations
Wildcat Oxide Project: Drilling & Exploration Plan of Operations Exploration Plan of Operations submitted to the BLM in December 2022 to allow for significantly expanded drilling footprint Note: Please reference the Millennial Precious Metals news releases from November 29, 2022 and January 5, 2023
Slide 18: Wildcat Oxide Project: Near Term Oxide Growth
Wildcat Oxide Project: Near Term Oxide Growth High priority drill targets identified significantly increased the mineralized footprint at Wildcat in 2022; Exploration Plan of Operations submitted in December 2022 to allow for significantly expanded Phase 2 resource growth drill program Commentary Wi
Slide 19: Mountain View Oxide Project: Drilling & Exploration Plan of Operations
Mountain View Oxide Project: Drilling & Exploration Plan of Operations Exploration Plan of Operations submitted to the BLM in January 2023 to allow for significantly expanded drilling footprint Note: Please reference the Millennial Precious Metals news releases from May 12, 2022 and January 24, 2023
Slide 20: Significant Near-Term Catalysts
Significant Near-Term Catalysts Wildcat & Mountain View PEA delivered; key milestones upcoming at DeLamar DeLamar: updated resource estimate (incl. stockpiles) and Mine Plan of Operations Near Term Wildcat & Mountain View: updated resource estimate and PEA ✓ Oxide resource growth potential at DeLama
Slide 21: Laying the foundation to become a leading USA precious metals producer
Laying the foundation to become a leading USA precious metals producer Significant One of the largest Great Basin focused precious metals developers by Scale resource inventory with 5.6Moz AuEq M&I and 0.9Moz AuEq Inf.1 Robust Building a portfolio of simple heap leach projects with a vision of becom
Slide 22: Appendix
Appendix
Slide 23: Contributing Consultants
Contributing Consultants 23