Revival Gold Inc · TSXV:RVG
Revival Gold — SME NV MPD 2025 Annual Meeting
18 slides from Revival Gold's conference presentation, Aug 21, 2025
Slide 1: Pursuing a Revival in Gold: Arsenic Removal & Stabilization using GlassLock
PURSUING A REVIVAL IN GOLD Arsenic Removal & Stabilization using GlassLock at Beartrack-Arnett SME NV MPD 2025 Annual Meeting 21st August 2025 revival-gold.com TSX-V: RVG OTCQX: RVLGF
Slide 2: Cautionary Notes
Cautionary Notes availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies, This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) for evaluation of the Company by including permitting and environmen
Slide 3: A growth company in gold
REVIVAL GOLD INC. Mercur, Utah A growth company in gold • Advancing multi-million-ounce brownfield gold assets in the U.S.1: • Mercur PEA-stage heap leach gold project in Utah • Beartrack-Arnett PFS-stage heap leach project in Idaho • Potential gold production >160 koz p.a.2 Beartrack-Arnett, Idaho
Slide 4: Positioned in the Western U.S.
POSITIONED IN THE WESTERN U.S. A premier destination • Idaho and Utah rank among the Top-25 mining jurisdictions in the world1 • Operational synergies with locally based team and proximity of assets • Initial focus on o/p heap leach, longer term opportunity in sulfides TSX-V: RVG | OTCQX: RVLGF Note
Slide 5: Beartrack-Arnett Project
BEARTRACK-ARNETT PROJECT Key attributes1 • 15,600-acre Idaho property • Infrastructure – ADR plant, roads, power, workshops • Attractive 2023 PFS on heap leach project (Phase 1) • Mineral reserve of 859 koz @ 0.74 g/t Au • 65,300 oz gold/yr over 8 yrs with $1,238/oz AISC • Modest $109 M pre-producti
Slide 6: Beartrack-Arnett Land Position
BEARTRACK-ARNETT LAND POSITION1,2 Note: 1See “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi county, Idaho, USA” prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details. 2See Property Agreement
Slide 7: Beartrack-Arnett Mineral Resources
BEARTRACK-ARNETT MINERAL RESOURCES1 The project remain open – along strike and at depth 2.4 Moz of gold in M&I Resource2 ➢ including 959 koz of gold in open pit heap leach material3 2.2 M oz of gold in Inferred Resource4 ➢ including 900 koz of gold @ 4.0 g/t in underground sulfide material5 Notes: 1
Slide 8: Joss Underground Target
JOSS UNDERGROUND TARGET Panther Creek Panther Creek Fault Shear Zone 100 m Note: See “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA” prepared by Kappes, TSX-V: RVG | OTCQX: RVLGF Cassidy & Associates, IMC, KCH and WSP da
Slide 9: Sulfide Metallurgical Testing
SULFIDE METALLURGICAL TESTING • Initial testing by SGS on low-grade (0.6 – 1.1 g/t Au) sulphide samples (predominantly arsenopyrite): • Achieved overall gold recoveries of 94% with flotation, POX, CIL (tailings + concentrate) • Recoveries consistent for P80 125 µm ±25 µm and varying levels of in sit
Slide 10: Why Remove the Arsenic?
WHY REMOVE THE ARSENIC? Number of US plants that could Number of Global Metal Smelters1 process high arsenic concentrates • The removal of arsenic reduces penalties and opens up the possibility for Revival Gold to sell its concentrates to many more potential customers TSX-V: RVG | OTCQX: RVLGF Note:
Slide 11: Industrial Plant Namibia, Africa: Arsenic Stabilization
Industrial Plant Namibia, Africa Arsenic Stabilization
Slide 12: Arsenic Removal Process
ARSENIC REMOVAL PROCESS • Pyrolysis of arsenopyrite concentrate using a single stage fluid bed reactor (FBR) in an oxygen- deprived environment at ±600 ºC produces a dry gold-rich calcine • Arsenopyrite transformed into pyrite and pyrrhotite • Modest oxidation infers less Concentrate SO2 SO2 capture
Slide 13: DST GlassLock Process
DST GLASSLOCK PROCESS • Powder mixer feed includes: • Arsenic feed (As2O3) • Silica (mine tailings) • Stabilizer (Fe, Mg, Mn, Ca) • Flux (sodium carbonate) • Binder (water) • Briquettes are formed and dried at low temperature 180 ºC (provides consistent particle size and inhibits arsenic volatilizat
Slide 14: Arsenic Glass
ARSENIC GLASS • Resultant glass typically has an S.G. of 2.7 • Amorphous/single phase silica matrix • Contaminants such as Sb, Cd, Bi, Te, Pb present in the dusts would also be incorporated within the glass • Historical testing on bench, pilot and industrial scale GlassLock facilities indicate produ
Slide 15: Beartrack-Arnett Testing (Pyrolysis)
BEARTRACK-ARNETT TESTING (PYROLYSIS) • DST floated a sulfide concentrate from Joss core drilling samples grading: • 50.3 g/t gold • 23.7% sulfide sulfur • 13.7% arsenic • Following pyrolysis the calcine graded: • 66.1 g/t gold (31% increase) • No measurable gold loss (100% recovery) • 17.9% sulfide
Slide 16: Beartrack-Arnett Testing (GlassLock)
BEARTRACK-ARNETT TESTING (GLASSLOCK ) • Glass mixture reporting to the furnace consists of: • 22% As2O3 • 45% silica • 18% sodium carbonate • 15% hematite • Arsenical glass produced by the furnace consists of: • ~15-16% As • Stable amorphous As-Si matrix • TCLP < 5mg As/L TSX-V: RVG | OTCQX: RVLGF N
Slide 17: Next Steps
NEXT STEPS 2025 • Cyanide leach calcine to determine leachability without fully oxidizing the concentrate • Cyanide leach fully oxidized calcine (2-stage FBR) • Develop scoping level designs and CAPEX and OPEX for pyrolysis and GlassLock testing • Ongoing exploration for high-grade material 2026 + •
Slide 18: Thank You!
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 Thank You! John Meyer, VP, Engineering & Development jmeyer@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF