Aurion Resources — Investor Presentation (May 2021)
21 slides from Aurion Resources's investor presentation, May 2021
Slide 1: Discovering the Next Major Gold Camp
DISCOVERING THE NEXT MAJOR GOLD CAMP Corporate Presentation AURION RESOURCES LTD. May 2021 TSXV: AU; OTCQX: AIRRF TSXV: AU OTCQX: AIRRF
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation may contain "forward-looking information" (as defined in applicable Canadian securities legislation). Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect",
Slide 3: Discovering the Next Major Gold Camp
Discovering the Next Major Gold Camp High-Grade: 789 g/t over 2.9 m; Exceptional Footprint: 8,500+ District Scale: 900 km2 Top 10 holes avg 355 g*m samples averaging 6.0 g/t Au Majors Invested: Kinross, Top Jurisdiction: Finland Cheap Relative Valuation Newmont Goldcorp and B2Gold TSXV: AU OTCQX: AI
Slide 4: Ownership and Capital Structure
Ownership and Capital Structure ▪ 98.7 M shares / 5.85 M options/ 1.35 M broker warrants ▪ Market Cap: ~C$81.9 M (As of May 3rd, 2021) ▪ Well-Funded: ▪ Working Capital ~C$8.8 M as of Dec 31, 2020 ▪ Private placement for C$11.4 M completed on Feb 23, 2021 Eric Sprott TSXV: AU OTCQX: AIRRF 4
Slide 5: Expensive to Cheap – Despite Continued Success
Expensive to Cheap – Despite Continued Success Sept 7, 2017 – Kinross Investment July 10, 2019 – Eric Sprott Investment Today Sept 18, 2018 – Hole 42: 789 g/t Au over 2.9 m Feb 1, 2017 – Boulder Discovery TSXV: AU OTCQX: AIRRF 5
Slide 6: Opportunity – Closing the Valuation Gap
Opportunity – Closing the Valuation Gap Compared to high-grade, pre-resource peers, Aurion trades at a discount ▪ Large land package ▪ High-grade gold ▪ Orogenic system ▪ Safe jurisdiction ▪ Tight share count Share Price (C$) $7.12 $5.29 $14.50 $0.62 $2.65 $0.37 $2.02 $1.46 $0.80 $0.83 $0.95 Basic S
Slide 7: Rupert's $800M Ikkari Discovery
Rupert’s $800M Ikkari Discovery ▪ New discovery: 4.20 g/t Au over 167 m, 4.30 g/t Au over 158 m May 12, 2020 – Ikkari Discovery and 3.60 g/t Au over 181 m ▪ Closest drill hole collar within ~50 m of Aurion/B2Gold JV Property Boundary ▪ Structure and geology interpreted to extend to JV property Sourc
Slide 8: Finland – A Top Jurisdiction for Exploration and Mining with Untapped Potential
Finland – A Top Jurisdiction for Exploration and Mining with Untapped Potential Total Resources of the known orogenic Size comparison of the CLGB to Norseman-Wiluna, gold deposits in greenstone belts Abitibi, and Zimbabwe Craton greenstone belts Zimbabwe Craton ~40Moz Norseman – Wiluna ~75Moz Abitib
Slide 9: Timmins 110 years ago – Finland 5 years ago
Timmins 110 years ago – Finland 5 years ago TSXV: AU OTCQX: AIRRF 9
Slide 10: First Mover Advantage – District Scale Land Position
First Mover Advantage – District Scale Land Position Interests in ~900 km2 of land in the Central Lapland Greenstone Belt ▪ Risti (100%): ~16,000 ha ▪ Launi (100%): ~14,300 ha ▪ B2Gold JV: Kutuvuoma-Ikkari, Sinermä ▪ Kinross Gold JV: Outa ▪ Strategic Resources: 12% ownership TSXV: AU OTCQX: AIRRF 10
Slide 11: Emerging Gold Camp – Over 20 Discoveries Since 2016
Emerging Gold Camp – Over 20 Discoveries Since 2016 Pre 2016 Today Pahtavaara Pahtavaara Kutuvuoma Kutuvuoma Ikkari Aamurusko TSXV: AU OTCQX: AIRRF 11
Slide 12: Risti & Launi – Extensive Surface Footprint – 8,500 samples at ~6.0 g/t Au
Risti & Launi – Extensive Surface Footprint – 8,500 samples at ~6.0 g/t Au ▪ Analogous in size and geology to major gold camps 25 million oz ~ 5 km Timmins Main: 100 plus years of deep drilling and mining to depths > 2 km have produced > 72 million ounces of gold ~ 6 km TSXV: AU OTCQX: AIRRF 12
Slide 13: Aamurusko – Drilled Multiple Zones of Near-Surface Gold Mineralization
Aamurusko – Drilled Multiple Zones of Near-Surface Gold Mineralization Aamurusko NW Gap Zone Aamurusko Main ▪ 9.42 g/t Au over 28.22 m ▪ 4.64 g/t Au over 3.10 m ▪ 789.06 g/t Au over 2.90 m ▪ 23.41 g/t Au over 11.10 m ▪ 1.69 g/t Au over 7.75 m ▪ 42.28 g/t Au over 4.00 m ▪ 6.84 g/t Au over 19.00 m ▪ 1
Slide 14: Risti – Aamurusko Multiple Targets for Expansion
Risti – Aamurusko Multiple Targets for Expansion NW Gap Zone Main Target area View to 040 View to 030, dip 70 TSXV: AU OTCQX: AIRRF 14
Slide 15: Launi East – First Exploration in 2019 – Several Prospects Discovered
Launi East – First Exploration in 2019 – Several Prospects Discovered 63.9 g/t Au / 0.37 m 3.05 g/t Au / 5.30 m TSXV: AU OTCQX: AIRRF 15
Slide 16: JV with B2Gold – Advancing Kutuvuoma & Sinermä Prospects
JV with B2Gold – Advancing Kutuvuoma & Sinermä Prospects ▪ Large land package 290 km2 ▪ Multiple gold prospects Sinermä ▪ JV: B2Gold 51%, Aurion 49% DDH 0.54 g/t Au / 40.20 m ▪ B2Gold option to earn up to 75% DDH 6.80 g/t Au / 0.75 m TR 1.07 g/t Au / 42.40 m ▪ Aurion free carried until 75% ▪ 2021: C
Slide 17: Value From Multiple Opportunities
Value From Multiple Opportunities Strategic Resources • 12% ownership • Vanadium development projects • Part of Lumina Group Strategic Resources Kinross JV • Outa Gold project Kinross JV B2Gold JV • Multiple gold prospects • Two discoveries in 2020 • Next to the Ikkari discovery • Large land package
Slide 18: Methodical Approach to Proving The Next Major Gold Camp
Methodical Approach to Proving The Next Major Gold Camp Gold camp on multiple discoveries Aamurusko Kutuvuoma Hinge Zone Kaaresselkä Kutuvuoma-Ikkari CDZ Outa Niligap Notches Sinermä YNOT NE corridor Risti NW Ahvenjärvi Launi East Naakena A2 Kiekerömaa Launi West Kuiva 100% Aurion JVs TSXV: AU OTCQX
Slide 19: Management and Board – Technical and Capital Market Experience
Management and Board – Technical and Capital Market Experience Chairman – David Lotan, CPA, CA ▪ President of LHI, an investment company focused on natural resource opportunities ▪ Founder and CEO of the Polar Structured Products – sold to major Canadian Financial Institution ▪ Portfolio manager for
Slide 20: Aurion Resources - Discovering the Next Major Gold Camp
Aurion Resources - Discovering the Next Major Gold Camp District Scale Near-Surface High-Grade Gold Aligned Management + + = TSXV: AU OTCQX: AIRRF 20
Slide 21: For Further Information Visit: www.aurionresources.com
For Further Information Visit: www.aurionresources.com Contact: Mark Santarossa VP Corporate Development (416) 371-1325 msantarossa@aurionresources.ca TSXV: AU OTCQX: AIRRF