Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (May 2022)
43 slides from Revival Gold's investor presentation, May 2022
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation May 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. A growth company in gold • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Key project advantages: • Jurisdiction – Top-10 in the world • Infrastructure – roads, power, gold processing facility • 1st phase HL PEA economics – low capex, high return • Exploration
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 • 27 M ounce state endowment of undeveloped gold3 Source: (1) World Gold Council ; (2) Fraser Institute 2020 Survey of Investment Attr
Slide 5: 1st Phase Project
1st PHASE PROJECT Open Pit Heap Leach Restart • Key PEA metrics1 • $100 M capex to produce 72,000 oz/yr over 7 yrs with $1,057/oz AISC • $150 M after-tax NPV5% , 38% after-tax IRR at $1,750 per oz Au • Est. $50 M/yr avg. free cash flow • Brownfield site – low technical and permitting risk • Deposit
Slide 6: Site Layout
SITE LAYOUT Beartrack Pits Haidee Pit Leach Pads 2,500 ft Plant Site TSX-V: RVG | OTCQX: RVLGF 6
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: Next Steps
NEXT STEPS Value-add work programs underway • Twelve Column Tests – trend in 60-day results consistent with or better than assumed in PEA • Engineering Fieldwork – geotechnical and hydrological studies to support PFS • Optimization Studies – improvements to reduce risk, optimize development sequence
Slide 9: Target Rich Land Position
TARGET RICH LAND POSITION 5,800 hectares, 100% control 1.90 g/t over 21 m and 1.95 g/t Au over 18 meters in historical RC holes 4-11 g/t Au over 1-5 meters true thickness 2 km diameter, shallow in 18 holes over 1 km 71 g/t Au over magnetic high at Haidee strike 9.8 m at Ward’s Gulch +5km tend drille
Slide 10: Arnett Property
ARNETT PROPERTY Haidee Deposit TSX-V: RVG | OTCQX: RVLGF 10
Slide 11: Haidee Target
HAIDEE TARGET Satellite deposit of near-surface oxide mineralization • 2020-21 completed 7,500 meters in 45 infill and expansion core holes • Deposit remains open in all directions TSX-V: RVG | OTCQX: RVLGF 11
Slide 12: Haidee Target
HAIDEE TARGET Opportunity to expand/optimize 1st Phase Heap Leach PEA • Large soil anomaly up-dip 2020 PEA Pit • Attractive Outline mineralization in drill holes outside 2020 PEA pit outline TSX-V: RVG | OTCQX: RVLGF 12
Slide 13: Arnett Mineralization
ARNETT MINERALIZATION Native Au in FeOx Quartz vein with FeOx K-feldspar alteration TSX-V: RVG | OTCQB: RVLGF 13 13
Slide 14: Arnett Drill Targets
ARNETT DRILL TARGETS Targets based on soil sampling, rock sampling Haidee Shenon Gulch and geophysics • Six target areas of note Midlands • Additional targets include the Italian mine area and a geophysical anomaly west of Roman’s Trench Haidee • Drill testing planned to commence this summer Twin Lo
Slide 15: Beartrack Property
BEARTRACK PROPERTY Joss Target TSX-V: RVG | OTCQX: RVLGF 15
Slide 16: Beartrack Trend – Over 5 km
BEARTRACK TREND – OVER 5 KM High-grades & underground mill gold potential open open open open open Including 5 km (3.5 miles) of known mineralized strike OPEN north and south TSX-V: RVG | OTCQX: RVLGF 16
Slide 17: 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 17
Slide 18: Joss Target
JOSS TARGET High-grade intersections in 18 holes to-date1 • 1 km strike, 4-11 g/t Au, 1-5 m true thickness with broad zone of surrounding mineralization Average Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 40.7 2.70 HG Domain 4.8 7.34 Arithmetic averages. TSX-V: RVG | OTCQX: RVLGF See Revi
Slide 19: Joss Target
JOSS TARGET Potential cornerstone to underground mine • Drilled over 300 m vertically to-date • Open at depth and along strike See Revival Gold December 2nd, 2021 press releases for further details. TSX-V: RVG | OTCQX: RVLGF CONFIDENTIAL 19
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 • Macreas (NZ)) • Natalka (
Slide 21: ESG Snapshot
ESG SNAPSHOT Z Metrics Revival Gold • Committed to the safety and protection of our • Zero LTI 2021 • Built/operated people, the communities and the environment numerous within which we work mines • Experienced management team • Independent Chair & Board, fully • Strong governance disclosed policies
Slide 22: Leadership
LEADERSHIP 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 pro
Slide 23: 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 (Apr. 29th/22) $0.64 5% 52 Week High/Low C$0.83/0.50 10% YRI Approx. Avg. Daily Vol. +/-70,000 Management Basic Market Cap C$56 M 42% Cash (Est. at Ma
Slide 24: Timeline
TIMELINE 2021 2022 2023 -26 Heap Leach Trade 24 Off Studies, Met Tests Heap Leach Environmental & Permit Planning BEARTRACK- ARNETT FS & Heap Leach Restart Heap Leach PFS (>70 koz/yr) Open Pit Oxide Exploration Drilling Mineral Resource Update Mill Phase PEA High Grade Sulphide Exploration Drilling
Slide 25: Revival Gold Inc. – Strong Foundation
REVIVAL GOLD INC. STRONG ADVANCING TOWARD CATALYTIC FOUNDATION… PRODUCTION… OPPORTUNITY… • Largest past producer in • Est. C$9 million cash1 • Ongoing exploration, high- Idaho • Near-term 72,000 oz/yr open grade targets • Significant “head start” pit heap leach in US • At an inflection point for wit
Slide 26: 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 26
Slide 27: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 27
Slide 28: 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 29: Property Agreements
PROPERTY AGREEMENTS Beartrack: Key terms with subsidiary of Yamana Gold announced September 7, 2017 (as amended May 8, 2019 and May 20, 2020) • 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$10.0 MM in exploration over
Slide 30: A World Class Opportunity
A WORLD CLASS OPPORTUNITY Beartrack-Arnett – Key Attributes1 • Large orogenic gold system, +5 km strike, open, 5,800 ha land position • Idaho, USA – world’s best rated policy jurisdiction • Infrastructure, access road & hydro power to site • Near-term heap leach cash flow from mine restart • Large 2
Slide 31: Beartrack-Arnett 2020 Resource
BEARTRACK-ARNETT 2020 RESOURCE Contained Tonnes Gold Grade Resource Category Gold (’000 t) (g/t Au) (000 oz) Indicated Leach Beartrack – Open Pit 11,900 0.56 215 Arnett – Open Pit 2,500 0.65 52 Indicated Mill Beartrack – Open Pit 22,216 1.52 1,089 Beartrack – Underground NA NA NA Total Indicated 36,
Slide 32: Beartrack-Arnett 2020 Resource (cont'd)
BEARTRACK-ARNETT 2020 RESOURCE (cont’d) 1. Effective date of December 10, 2019. CIM (2014) definitions were used for Mineral Resource classification. 2. Qualified Persons: Mark B. Mathisen, C.P.G, Ryan Rodney, C.P.G., Kathleen A. Altman, Ph.D., P.E. Mineral Resources were tabulated for model blocks
Slide 33: 2020 Resource: Statistics
2020 RESOURCE: STATISTICS1 Drill Hole Data Beartrack (core & RC holes) Arnett (only core holes used) Number Meters Number Meters Pre-2012 (Meridian) 471 64,084 11 1,337 2012 – 2019 (Yamana & RVG) 53 22,625 28 4,758 Total 524 86,709 39 6,095 … includes core holes 226 39 … of which RVG drilled (‘17-’1
Slide 34: Favourable Metallurgy
FAVOURABLE METALLURGY Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at 13,600 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)1. • Arnett has been th
Slide 35: HL Project Details
HL PROJECT DETAILS Modeled after prior operation • 12,000 tonnes/day open pit, heap leach operation • 0.87 g/t Au head grade, 2.7:1 strip ratio, 60% average recovery • Modular 2-stage crush to -2 inch; no agglomeration; conveyor stacking • Utilizes existing infrastructure • Permitting through NEPA p
Slide 36: 1st Phase Production Schedule
1st PHASE PRODUCTION SCHEDULE1 Potential addition of 2-3 years to mine life? Note: (1) See NI-43-101 TR dated December 17th, 2020 and Revival Gold press release dated November TSX-V: RVG | OTCQX: RVLGF 17th, 2020 for further details. 36
Slide 37: Capital Cost Summary
CAPITAL COST SUMMARY 38% of initial capital $200 per oz of production TSX-V: RVG | OTCQX: RVLGF See press release dated November 17th, 2020 and NI-43-101 TR dated December 17th, 2020 for further details. 37
Slide 38: 1st Phase Economics
1st PHASE ECONOMICS $36 million average free cash flow/year Robust Project Economics1 $1,550/oz Gold PEA Base Case PEA (equivalent to consensus LT gold price2) Base Case Avg Annual Production 72,000 oz Au/yr Pre-Production Capex $100 M Gold Price US$/oz $1,550 $1,750 $1,950 LOM Sustaining Capex $62
Slide 39: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL $5/ounce discovery cost to-date 1996 with follow-up drilling 2018 with follow-up drilling +50% 2020 Notes: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above 0.27 g/t TSX-V: RVG | OTCQX: RVLGF Au. See NI 43-101 TR dated Dec
Slide 40: Joss X-Sections
JOSS X-SECTIONS 180 meters between sections Significant underground tonnage potential at Joss1 • Targeting 2-3 M tonnes of narrow vein material • Targeting a further 10 to 20 M tonnes of bulk mining material Note (1): Narrow vein target assume 1 km of strike with true width of 2.5 meters and 500 met
Slide 41: 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 42: Joss Zone – BT21-240D
JOSS ZONE – BT21-240D 3 • Photo depicts 18.9 g/t Au over 5.3 m within 4.34 g/t Au over 110.6 m1 1 1.5 m @ 12.0 g/t Au 2 2 1.2 m @ 28.9 g/t Au 3 1.1 m @ 12.8 g/t Au 4 1.5 m @ 22.3 g/t Au 4 1See Revival Gold December 2 nd, 2021 press release for detailed results. 1 PCSZ with high grade quartz-arsenopy
Slide 43: 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 43