Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (June 2020)
32 slides from Revival Gold's investor presentation, June 2020
Slide 1: Pursuing a Revival in Gold
TSX-V: RVG revival-gold.com OTCQB: RVLGF PURSUING A REVIVAL IN GOLD Corporate Presentation June 2020 TSX-V: RVG | OTCQB: RVLGF 1
Slide 2: Cautionary Notes
CAUTIONARY NOTES Cautionary Note 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
Slide 3: The Fed Can't Print Gold
“THE FED CAN’T PRINT GOLD” 1 Increasingly rare and in demand COVID-19 pandemic rocks already precarious position of global capital 150 markets… US$8 trillion 120 bailout – 9.5% of global GDP3 90 New sources of gold to feed Gap2 60 growing demand increasingly rare. 30 0 Source: 1BofA Securities April
Slide 4: 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 • Largest past-producing gold mine in the state • 2nd largest deposit of gold in the state • Gold only, multi-million-ounce resource • Outstanding exploration and development potential • PEA und
Slide 5: Capital Structure
CAPITAL STRUCTURE Tight structure, significant institutional ownership Basic Shares 55.6 M 5% YRI Opts & Wrts (avg px C$0.78 each) 8.3 M 13% Fully-Diluted Shares 63.9 M Management 36% Institutional (Orion, Konwave, US Working Capital (Q1-20) C$0.9 M 14% Global, Delbrook, Retail etc.) Share Price (Ju
Slide 6: Key Leadership
KEY LEADERSHIP Hugh Agro | President & CEO Wayne Hubert | Non-Exec Chairman B.Sc. (Mining Engineering), MBA, P.Eng. B.Sc. (Chemical Engineering), MBA Mining engineer and executive. Former EVP, Former CEO of Andean Resources. Former senior Kinross Gold. executive with Meridian Gold Inc. Rob Chausse |
Slide 7: Positioned in North America
POSITIONED IN NORTH AMERICA 2nd largest gold-producing region in the world1 Fraser Institute ranks Idaho ahead of Ontario, Chile, Quebec, BC and Yukon2 BEARTRACK-ARNETT Midas Gold Excellon Stibnite Kilgore 50 miles 80 km NORTH Source: 1World Gold Council ; 2Fraser Institute 2019 Survey of TSX-V: RVG
Slide 8: Beartrack-Arnett Project
BEARTRACK-ARNETT PROJECT Former producer – open pit, heap leach mine produced 100,000 oz Au/yr in 1990’s1 • Land position re-assembled in 2017 • RPA updated resource February 20202 : • 1.35 million oz @ 1.16 g/t Au Indicated • 264 k oz at 0.58 g/t Au in open pit heap leach • 1.0 m oz at 1.5 g/t Au i
Slide 9: Land Position – 5,400 Hectares
LAND POSITION – 5,400 HECTARES TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold. 9
Slide 10: Beartrack: Significant Potential Over +5 km
BEARTRACK: SIGNIFICANT POTENTIAL OVER +5 km TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold. 10
Slide 11: Beartrack Underground Potential
BEARTRACK UNDERGROUND POTENTIAL Drill tested to 600 m at depth and open 7000 L • Higher grades at depth: $1400 Au • 8.5 g/t Au over 2.7 m in South Pit area (pictured left) Pit Shell RPA 2020 Resource • 6.6 g/t Au over 8.2 m, 6.7 g/t Au over 4.5 m, 8.8 g/t Au over 3.0 m in Joss area 6000 L • 71 g/t A
Slide 12: Target Rich Land Position
TARGET RICH LAND POSITION Aeromagnetic geophysics survey 2 km diameter, shallow (approx. 300-meter- deep) magnetic high located below gold mineralization in the Haidee area Under cover structures at Rabbit Source: Revival Gold; see Revival Gold August 12th, 2019 press release for summary aeromagneti
Slide 13: Priority Drilling Objectives
PRIORITY DRILLING OBJECTIVES TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold. 13
Slide 14: Favorable Metallurgy
FAVORABLE 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 the
Slide 15: Beartrack Site
BEARTRACK SITE Offers “head start” on potential new leach operation • 32 miles by road from Salmon, Idaho (population 3,100) • 69 kva power line (5-6 cents/kwh), water, roads • Leach ponds, ADR plant structure, cyanidation permit • 11,000 sq. ft core facility TSX-V: RVG | OTCQB: RVLGF 15
Slide 16: Responsible Mining is Welcome in Idaho
RESPONSIBLE MINING IS WELCOME IN IDAHO TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold 16
Slide 17: What is Next?
WHAT IS NEXT? Building a great growth company in gold BEARTRACK Heap Leach Re-start PEA Updated Resource Priority Resource 20,000 tpd Released Drill Targets Expansion Mill Project ARNETT Feb. 2020 Environmental Haidee Drilling PEA ? /Permitting & Rabbit Assessments & Planning 2020 2021 PURSUE Assess
Slide 18: Relative Value
RELATIVE VALUE TSX-V: RVG | OTCQB: RVLGF Source: RBC Capital Markets April 22nd, 2020; annotated by Revival Gold. 18
Slide 19: Fast Tracking, Proven Property, Compelling Opportunity
2018 Exploration REVIVAL GOLD INC.Plan FAST PROVEN COMPELLING TRACKING … PROPERTY… OPPORTUNITY… • Veteran gold team • Brownfield site • Gold price on the rise • Substantial • Past producer at • Growing interest in resource much lower gold N. American gold developed since prices assets inception • Si
Slide 20: Revival Gold Inc.
TSX-V: RVG revival-gold.com OTCQB: RVLGF REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO ADAM ROCHACEWICH | CFO info@revival-gold.com 416-366-4100 TSX-V: RVG | OTCQB: RVLGF 20
Slide 21: Appendix
APPENDIX TSX-V: RVG | OTCQB: RVLGF 21
Slide 22: 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 close; further 3mm shares due over four years (of which 2 MM shares have been paid to date) • US$10.0 MM in exploration o
Slide 23: Beartrack-Arnett 2020 Resource
BEARTRACK-ARNETT 2020 RESOURCE Resource Category Tonnes Gold Grade Contained Gold (‘000) (g/t Au) Ounces (‘000) Indicated Heap Leach5 Beartrack – open pit 11,900 0.56 215 Arnett – open pit 2,300 0.66 49 Indicated Mill Beartrack – open pit 22,216 1.52 1,089 Beartrack – underground NA NA NA Total Indi
Slide 24: Beartrack-Arnett 2020 Resource (cont'd)
BEARTRACK-ARNETT 2020 RESOURCE (cont’d) 1 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves dated May 10, 2014 (CIM (2014) definitions) were used for Mineral Resource classification reported in this press release. Mineral Res
Slide 25: 2020 Resource Parameters
2020 RESOURCE PARAMETERS Parameter Units Value Base Case Gold Price US$/ounce gold $1,400 Mill Throughput Mineralized tonnes/day 20,000 Leach Operation Mineralized tonnes/day 10,000 - 15,000 Heap Leach Recovery - Beartrack % of cyanide soluble gold1 85%1 Heap Leach Recovery - Arnett % of contained g
Slide 26: 2020 Resource Parameters (cont'd)
2020 RESOURCE PARAMETERS (cont’d) 1 Gold grades based on cyanide soluble analysis methods. Equivalent to approximately 70% of contained gold. 2 Gold grades based on fire assay methods. 3 US$0.50/tonne and US$1/tonne processed G&A for incremental underground and open pit resources respectively. 4 Bea
Slide 27: 2020 Resource Block Model
2020 RESOURCE BLOCK MODEL Beartrack +5 km trend – multiple targets MOOSE WARD’S NORTH PIT GULCH SOUTH PIT ? JOSS Open north & along strike ? Open at depth Open at depth Beartrack 3D Block Model – N-W View Open south & Open at depth New 2018 & 2019 Core Drill Holes Shown along strike Legend US$1400 A
Slide 28: 2020 Resource Block Model (cont'd)
2020 RESOURCE BLOCK MODEL (cont’d) Leach and Mill Resource Distribution - Beartrack WARD’S NORTH PIT MOOSE SOUTH PIT GULCH JOSS Beartrack 3D Block Model – N-W View Blocks By Destination Shown Legend Leach Material Mill Material TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold; see Revival Gold press r
Slide 29: Arnett: Opportunities Beyond Haidee
ARNETT: OPPORTUNITIES BEYOND HAIDEE Arnett soil sample survey TSX-V: RVG | OTCQB: RVLGF Source: Revival Gold; see Revival Gold press release dated November 21st, 2019 for further details. 29
Slide 30: BT South Pit Zone Core
BT SOUTH PIT ZONE CORE BT17-204D 78.3 m to 81.1 m 4.07 g/t Au Yellowjacket Formation (metasedimentary unit), oxide zone BT17-203D 101.6 m to 103.4 m 3.97 g/t Au Mylonitized Rapakivi Granite, (also known as Quartz Monzonite), sulfide zone TSX-V: RVG | OTCQB: RVLGF 30
Slide 31: Arnett - Haidee Zone Core
ARNETT - HAIDEE ZONE CORE AC18-13D 2 4 6.1 m @ 1.9 g/t Au from 54.9 m to 60.0 m 1. 0.38 g/t Au 2. 5.32 g/t Au 3. 0.75 g/t Au 4. 1.15 g/t Au 3 1 TSX-V: RVG | OTCQB: RVLGF 31
Slide 32: Revival Gold Inc.
TSX-V: RVG revival-gold.com OTCQB: RVLGF REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO ADAM ROCHACEWICH | CFO info@revival-gold.com 416-366-4100 TSX-V: RVG | OTCQB: RVLGF 32