Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD FreedomFest 2022 14th July 2022 www.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: Unshakeable Gold
UNSHAKEABLE GOLD Man’s use of gold dates back 5,000 years Replica of King Tutankhamun’s gold burial shrine, Egypt, 1332-1323 BCE TSX-V: RVG | OTCQX: RVLGF 3
Slide 4: What Makes Gold Special?
WHAT MAKES GOLD SPECIAL? It is a unique metal • Durable to the point of indestructibility – does not tarnish or corrode and is highly malleable • Technical uses - Webb Telescope’s mirror is coated with ultra thin layer of gold to reflect infrared light • Coveted – half of all gold mined is used in j
Slide 5: The "Growth" Decade
THE “GROWTH” DECADE Growth Stocks Value Stocks Commodities TSX-V: RVG | OTCQX: RVLGF 5
Slide 6: Driven, in Part, by Declining Rates
DRIVEN, IN PART, BY DECLINING RATES Daily US Fed Funds Rate, (Source: Macrotrends) TSX-V: RVG | OTCQX: RVLGF 6
Slide 7: Impact on Margins
IMPACT ON MARGINS Half the growth in manufacturers’ margins over the past decade attributed to interest rate declines TSX-V: RVG | OTCQX: RVLGF 7
Slide 8: Policy Consequences
POLICY CONSEQUENCES M2 surged 25% between 2020-2021 due to record government stimulus US M2 Money Supply (US$ billions) Source: Tradingeconomics.com, Federal Reserve, New York Life Investments TSX-V: RVG | OTCQX: RVLGF 8
Slide 9: Some Perspective
SOME PERSPECTIVE Money creation during the onset of COVID dwarfed the value of gold coins produced TSX-V: RVG | OTCQX: RVLGF Source: Visual Capitalist 9
Slide 10: Prices
PRICES Consumer price inflation is at a 40- year high CPI up 9.1% in June TSX-V: RVG | OTCQX: RVLGF Source: Advisor Perspectives with data from the U.S. Bureau of Labor Statistics, June 2022 10
Slide 11: Housing
HOUSING Real house prices up dramatically TSX-V: RVG | OTCQX: RVLGF Source: McKinsey & Co. 11
Slide 12: Food
FOOD Real food prices have reached record highs TSX-V: RVG | OTCQX: RVLGF Source: McKinsey & Co. 12
Slide 13: Transitory?
TRANSITORY? TSX-V: RVG | OTCQX: RVLGF Credit: Kopernik Global Investors 13
Slide 14: Yellen Not Alone
YELLEN NOT ALONE Inflation in many countries has more than doubled expectations in the past 6 months. TSX-V: RVG | OTCQX: RVLGF Source: McKinsey & Co. 14
Slide 15: Commodities Break Trend
COMMODITIES BREAK TREND But still inexpensive relative to S&P 500 TSX-V: RVG | OTCQX: RVLGF 15
Slide 16: Pretenders
PRETENDERS Past and present Rai Tulip Cabbage Crypto Stones Bulbs Patch Dolls TSX-V: RVG | OTCQX: RVLGF 16
Slide 17: Another Pretender
ANOTHER PRETENDER Precious metals derivatives (“paper gold”) held by US banks Up from $80 billion to $500 billion TSX-V: RVG | OTCQX: RVLGF Source: Office of the US Comptroller of the Currency, Quarterly Derivatives Report: First Quarter 2022 17
Slide 18: Recent Gold Price Action
RECENT GOLD PRICE ACTION More a story about US$ strength than gold price weakness Gold in Euro Gold in US$ TSX-V: RVG | OTCQX: RVLGF Source: Kitco 18
Slide 19: Warren Buffett on moats
“A good business is like a strong castle with a deep moat around it. | want sharks in the moat. | want it untouchable” - Warren Buffett 7s REVIVALGOLD a z \
Slide 20: Is This Moat Deep Enough?
IS THIS MOAT DEEP ENOUGH? Modern gold mines are hard to find, challenging to permit and difficult to run well Eagle Mine Yukon Meadowbank Mine Nunavut Turquoise Ridge Nevada TSX-V: RVG | OTCQX: RVLGF 20
Slide 21: Compelling Value
COMPELING VALUE Large and intermediate cap gold stocks • 35-50% cash margins • 0 - 0.25 Net Debt to Equity • 4-10% free cash flow yield • 2-5% dividend yields • 3.5-7x EV/EBITDA Source: Scotia Research July 2022, BMO June 2022 Gold Pages , Cutfield TSX-V: RVG | OTCQX: RVLGF Freeman & Co July 2022 21
Slide 22: Cupboard Running Bare
CUPBOARD RUNNING BARE Declining pace of discovery of new gold deposits TSX-V: RVG | OTCQX: RVLGF Source: Revival Gold with data from S&P Global and World Gold Council 22
Slide 23: Explorer-Developers Downright Cheap
EXPLORER-DEVELOPERS DOWNRIGHT CHEAP Valuations below $41/oz gold, down over 50% from 2020 peak $65/oz average takeover px since 2015 TSX-V: RVG | OTCQX: RVLGF Source: RBC Research May 2022 23
Slide 24: Revival Gold Inc.
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 • Exploration resul
Slide 25: 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 26: 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 • Work programs in support of PFS underway – targeting to complete YE22 • Brownfield site – lower technical and permitting risk • Deposit op
Slide 27: Infrastructure Head Start
INFRASTRUCTURE HEAD START Low Cost Carbon Friendly Grid Power Gold Production Facility TSX-V: RVG | OTCQX: RVLGF 27
Slide 28: Next Steps
NEXT STEPS Work programs in support of heap leach PFS • Column Tests – investigating HL metallurgy characteristics to optimize recovery/economics • Engineering – geotechnical and hydrological to optimize Haidee pit configuration • Trade Off Studies – improvements to reduce risk and optimize capital,
Slide 29: Beartrack Property
BEARTRACK PROPERTY The best place to find a new mine is next to an old one Joss Deposit TSX-V: RVG | OTCQX: RVLGF 29
Slide 30: Beartrack Trend – Over 5 km Gold Trend
BEARTRACK TREND – OVER 5 KM GOLD TREND TSX-V: RVG | OTCQX: RVLGF 30
Slide 31: Arnett Property
ARNETT PROPERTY Satellite to Beartrack Haidee Deposit Beartrack ADR Plant Site approx. 4 miles TSX-V: RVG | OTCQX: RVLGF 31
Slide 32: More Exploration Targets
MORE EXPLORATION TARGETS A compelling land position • Dates to the first governor of Idaho • Six target areas • Extensive placer mining in the 1900’s TSX-V: RVG | OTCQX: RVLGF 32
Slide 33: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL Less than $5/ounce discovery cost to-date 2018 RMI Model 2020 RPA Model 2022 Wood Model 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 press release dated May 16th, 2022 TSX-V: RVG |
Slide 34: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Basic Shares 86.9 M Street Research OTCQX: RVLGF Fully-Diluted Shares 101.5 M Average Target Price Supports Significant Re-Rate Share Price (June 30th/22) C$0.51 5% 52 Week High/Low C$0.83/0.49 10% YRI Approx. Avg. Daily Vol. +/-75,000 Management Basic Market Cap C$44 M 42% Est. Cash (at J
Slide 35: Key Takeaways
KEY TAKEAWAYS TIME FOR REVIVAL CATALYTIC GOLD… GOLD… OPPORTUNITY… • A 5,000-year track record • Beartrack was the largest • Advancing toward • Inflation at 40-year highs past producer in Idaho production • Compelling sector value • Significant “head start” • Ongoing exploration, high- with existing
Slide 36: Revival Gold Inc.
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 36