Aurion Resources — Investor Presentation (August 2019)
38 slides from Aurion Resources's investor presentation, August 2019
Slide 1: Corporate Presentation
CORPORATE PRESENTATION August 2019 TSXV:AU
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes 'Forward-Looking Statements' related to Aurion’s continued effort to advance its mineral exploration programs. When used in this presentation, the words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "pl
Slide 3: Why Aurion?
Why Aurion? ✓ Favourable Geology / Jurisdiction – Geology Analogous to Other Major Mining Jurisdictions (Timmins, Kirkland Lake, Red Lake) ✓ Potential For High-Grade System – Early Results Indicate Potential for a Very Large, High Grade Mineralized System ✓ Large Under-explored Land Package – ~100,0
Slide 4: Finland – Attractive Jurisdiction
Finland – Attractive Jurisdiction 2018 Production: 189,000 oz gold 2018 Total Cash Costs: US$853/oz gold 2019 Forecast: 175,000 oz gold TSXV:AU 4
Slide 5: Finland – Excellent Access
Finland – Excellent Access Excellent Infrastructure: ➢ Daily flights to Kittilä and Rovaniemi ➢ Excellent access to properties via paved and gravel roads ➢ Towns of Kittilä and Sodankylä support Risti Project Kittilä and Kevitsa Mines ➢ Municipalities supportive of mining TSXV:AU 5
Slide 6: Favourable Geology of the Central Lapland Greenstone Belt
Favourable Geology of the Central Lapland Greenstone Belt ✓ Favourable tectonic setting and age ✓ Graphitic schists ̶ Orogenic gold (folded Lower Proterozoic ̶ good rheologic contrast and reducing volcano-sedimentary sequence deformed in potential the 1.91-1.79 Ga Svecofennian orogeny) ✓ Fuchsite, i
Slide 7: CLGB – Lack of Gold Exploration History = Big Opportunity
CLGB – Lack of Gold Exploration History = Big Opportunity WHY THE OPPORTUNITY EXISITS: ➢ State control of mining until 1995 ➢ Outokumpu (State-run Mining Company) explores for base metals only ➢ Gold discoveries archived but not followed-up TSXV:AU 7
Slide 8: Favourable Geology for Major Discoveries
Favourable Geology for Major Discoveries Aurion 100% B2 Gold JV Kinross JV Strategic Resources JV RISTI LAUNI ➢ Aurion land position primarily focused on 125 km long Sirkka Shear Zone of which it controls 80 km ➢ A major fault/deformation zone with over 40 individual gold prospects ➢ Aurion is the f
Slide 9: Aurion Resources – First Mover Advantage
Aurion Resources – First Mover Advantage Aurion currently has interests in over 100 000 ha of land in the prospective Central Lapland Greenstone Belt (“CLGB”) ➢ Risti (100%) – over 16 000 ha ➢ Launi (100%) – over 14 300 ha ➢ Kutuvuoma and Ahvenjarvi – JV with B2 Gold – B2 Gold exercised its option t
Slide 10: Sirkka Line Analogy to Timmins Camp
Sirkka Line Analogy to Timmins Camp ➢ Many gold prospects occur adjacent to the Sirkka Shear Zone and the adjacent late Kumpu Group (clastic sediments deposited in pull apart basins) ➢ This setting’s potential for orogenic gold deposits was previously unrecognized in the CLGB ➢ Intense prospecting o
Slide 11: Flagship Asset - Risti
Flagship Asset - Risti ➢ The Risti Project covers approximately 16 197 ha in the CLGB ➢ The Risti Project is located 10 km NNW of Sodankylä, Finland, which is a 40-minute drive along paved and all-weather gravel roads through rolling hills and forests ➢ The geological setting of the Risti Project ha
Slide 12: Progress at Risti
Progress at Risti Significant amount of high-grade gold mineralization has been identified at surface. 2016 2017 2018 ➢ Aurion has significantly expanded the high-grade gold surface footprint at the Risti Project ➢ In 2016, Aamurusko Gold prospect was first discovered. The surface expression was kno
Slide 13: Risti – 5,000 samples averaging 8 g/t Au over 15km
Risti – 5,000 samples averaging 8 g/t Au over 15km 25 million oz Footprint equivalent to Timmins Main Timmins Main: or Kirkland Lake Main 100 plus years of deep drilling and mining to depths > 2 km have produced > Within Risti, the Aamurusko discovery 72 million ounces of gold – 1,210 samples averag
Slide 14: What Led Us Here – Large Quartz Vein Blocks With Visible Gold
What Led Us Here – Large Quartz Vein Blocks With Visible Gold Visible Gold TSXV:AU 14
Slide 15: Aamurusko – Current Drill Results
Aamurusko – Current Drill Results Initial drilling at Aamurusko Northwest has been very successful, intersecting multiple high-grade intervals, within a broad mineralized zone 3D view looking Aamurusko NW Area of 2018/19 high-grade North drilling results ➢ 789.1 g/t Au over 2.9 m ➢ 42.2 g/t Au over
Slide 16: Aamurusko – Geology
Aamurusko – Geology Aamurusko NW Aamurusko Main TSXV:AU 16
Slide 17: New Understanding Of Mineralization at Aamurusko
New Understanding Of Mineralization at Aamurusko Aamurusko NW A series of NE-SW cross structures is supported by the presence of shear/fault fill high grade veins which trend NNE-SSW and dip to the WNW in drill core at Aamurusko Main and in outcrop at Aamurusko NW Aamurusko Main TSXV:AU 17
Slide 18: Aamurusko NW – Drill Plan (2VD Mag)
Aamurusko NW – Drill Plan (2VD Mag) 2.28 g/t Au over 9.4 m Ddh 26 1.79 g/t Au over 12.95 m Ddh 100 1.38 g/t Au over 15.34 m Ddh 101 Section 2 3.51 g/t Au over 31.1 m Ddh 94 13.30 g/t Au over 19.5 m Ddh 95 Section 1 1.10 g/t Au over 13.4 m Ddh 96 10.6 g/t Au over 3.4 m Ddh 97 TSXV:AU 18
Slide 19: Aamurusko NW – Cross-Section 1
Aamurusko NW – Cross-Section 1 TSXV:AU 19
Slide 20: Aamurusko NW – Cross-Section 2
Aamurusko NW – Cross-Section 2 TSXV:AU 20
Slide 21: Aamurusko NW – AM19095
Aamurusko NW – AM19095 Extensional veins The zone is defined by one or more crack and seal (fault fill vein) with associated extensional veining The picture below from is an example of the style of mineralization encountered . Crack and seal shear vein (230 g/t Au) Kalgoorlie TSXV:AU 21
Slide 22: Aamurusko Main Zone – Initial Drill Results
Aamurusko Main Zone – Initial Drill Results ➢ High-grade zone of gold mineralization associated with the sheared northern contact between gabbro intrusive and clastic sediments ➢ 789 g/t Au over 2.9 m ➢ 42.3 g/t Au over 4.0 m ➢ 24.5 g/t Au over 4.75 m ➢ >55 m by 110 m (open) ➢ Steep apparent NNE plu
Slide 23: Aamurusko Main – Long Section of 2018/19 Drilling
Aamurusko Main – Long Section of 2018/19 Drilling 55 m AM18077 AM19082 2.24 g/t Au over 9.1 m 42.3 g/t Au over 4.0 m AM19081 Initial 24.5 g/t Au over 4.75 m interpretation was that this AM18042 789 g/t Au over 2.9 m may be the beginning of AM18051 110 m definition of a 17.5 g/t Au over 1.1 m mineral
Slide 24: Aamurusko to Notches – Linked by Geophysics (2VD)
Aamurusko to Notches – Linked by Geophyics (2VD) Covered Aamurusko Notches Same South Slope Fault appears to extend to Notches based on geophysics TSXV:AU 24
Slide 25: New Discoveries at Launi – Prospecting Success
New Discoveries at Launi – Prospecting Success ➢ The Launi East Project lies approximately 8-10 km south of the Risti Project ➢ Most of the mineralization is in bedrock or underneath shallow cover ➢ The mineralization is associated with wide zones of alteration ➢ Lateral continuity – We can trace zo
Slide 26: New Discoveries at Launi – Prospecting Success
New Discoveries at Launi – Prospecting Success TSXV:AU 26
Slide 27: New Discoveries at Launi – Prospecting Success
New Discoveries at Launi – Prospecting Success 2018/19 Chip Sample Highlights: ➢ 248 rock sample assays, of 900, received to date assayed as high as 313 g/t Au and averaged 18.9 g/t Au ➢ Multiple new mineralized zones over 1.0 by 5.5 km area, with 10 new visible gold occurrences ➢ Mineralization ass
Slide 28: Ownership and Capital Structure
Ownership and Capital Structure Board and Management: 17.5% Fully funded: Working Capital ~C$22 million No Debt Kinross: 9.95% Eric Sprott: 5% Newmont Goldcorp: 3.8% • 83.2 M shares / 6.2 M options/ 728k broker warrants • FD Market Cap: ~C$139.8 M (As of September 5th, 2019) Key Investors: Eric Spro
Slide 29: Strong Management and Board
Strong Management and Board 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 the Ontario Teachers’ Pension Plan
Slide 30: Why Buy Aurion
Why Buy Aurion ✓ Favourable Geology / Jurisdiction ✓ Potential For High-Grade System ✓ Large Under-explored Land Package ✓ Well-Funded - >$22 million in treasury ✓ Major Gold Companies already invested ✓ New Cornerstone Investor ✓ Strong Management and Board TSXV:AU 30
Slide 31: Appendices
APPENDICES TSXV:AU
Slide 32: Lapland – 100 years behind the Abitibi
Lapland – 100 years behind the Abitibi Dome, Timmins, 1909 Dome became a >17 M oz gold deposit grading 15 g/t Au Aamurusko 2017 Initial discovery October, 2016 TSXV:AU 32
Slide 33: Aamurusko Analogy to Timmins and Kirkland Lake Camps
Aamurusko Analogy to Timmins and Kirkland Lake Camps Gold prospects Kumpu Conglomerate Kumpu Quartzite Primarily Kirkland Lake Timmins mafic Pull apart Pull Apart rocks Unconformities Au Au Primarily ultramafic rocks (After Bleeker, 2015) Au Au • At least 72.5 million ounces of gold have been produc
Slide 34: Crack and Seal Textures = High Grade
Crack and Seal Textures = High Grade Red Lake, Canada Aamurusko, Finland Doris, Hope Bay, Canada Visible gold at Aamurusko often found along crack-seal fractures similar in style to Red Lake, Dome and Doris Au mines (Canada) Dome, Timmins, Canada Crack-seal texture also called fault-fill, banded & r
Slide 35: Aamurusko Boulder Channel Sampling
Aamurusko Boulder Channel Sampling 35 TSXV:AU
Slide 36: Aamurusko NW – Drill Plan
Aamurusko NW – Drill Plan TSXV:AU 36
Slide 37: Aamurusko NW – Cross-Section
Aamurusko NW – Cross-Section TSXV:AU 37
Slide 38: For Further Information Visit
For Further Information Visit: www.aurionresources.com Or Contact: Mark Santarossa VP Corporate Development (416) 371-1325 msantarossa@aurionresources.ca TSXV:AU
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