Aurion Resources — Investor Presentation (May 2018)
42 slides from Aurion Resources's investor presentation, May 2018
Slide 1: Advancing the Aamurusko High Grade Gold Discovery
Advancing the Aamurusko High Grade Gold Discovery May 2018
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 we are meeting today
Why we are meeting today…. To present to you our new and evolving high grade Aamurusko gold discovery which is located within our Risti property in northern Finland. In the fall of 2016, during our short third field season, we collected 525 rock samples over an area measuring 2.0 km by 3.0 km. These
Slide 4: Large Quartz Vein Blocks with Visible Gold
Large Quartz Vein Blocks with Visible Gold VG next picture 4
Slide 5: Prospect Generator Model
Prospect Generator Model The prospect generator model has been proven to deliver outsized returns AREQUIPA RESOURCES Location: Quebec Location: Yukon Location: Serbia Location: Peru Location: Multi Discovery: Eleonore Discovery: Coffee Discovery: Timok Discovery: Pierina Discovery: N/A Commodity: Go
Slide 6: Business Proposition
Business Proposition Aurion Resources is a prospect generator focused on high-grade gold exploration in Finland’s highly-prospective, under-explored Central Lapland Greenstone Belt. Aurion’s value creation strategy: Systematically and methodically generate and acquire high-quality, early-stage explo
Slide 7: Key Personnel
Key Personnel TECHNICAL TEAM Mike Basha, CEO & Director - P. Geo, P.Eng (Geological Engineer) • 28 yrs experience in the minerals industry working for majors (Noranda) and several juniors • Successfully generated and joint ventured several projects with majors in Canada and Latin America Eugene Floo
Slide 8: Ownership and Capital Structure
Ownership and Capital Structure Clean capital structure with strong management ownership and high-quality institutional support Fully funded (Cash balance of $19.7M - Last financing Sept 2017 $15.9 M at $2.32) • 74.1 M shares outstanding (FD) • FD Market Cap: C$51.8 M (As of April 20th, 2018) Key In
Slide 9: Why Finland?
Why Finland? • High Geological Prospectivity • Several world class deposits and prospects • Kittila (Au) • Kevitsa (Ni-Cu-PGM) • Sakatti (Ni-Cu-PGM) • Underexplored – only open to foreign explorer/miners in mid-1990’s after Finland joined EU • Exploration previously driven by state mining company Ou
Slide 10: Aurion Resources – First Mover Advantage
Aurion Resources – First Mover Advantage A commanding land position in CLGB; majority acquired in 2014-2017 Aurion controls 200,000 ha of land tenements in the CLGB Underexplored: • CLGB compares well with other well endowed greenstone belts but has seen minimal regional scale exploration Highly Pro
Slide 11: Gold Endowment Potential
Gold Endowment Potential Distribution of greenstone gold deposits; CLGB under-represented Comparatively sized greenstone belts have log normal distribution of gold deposits as a result of long history of gold exploration; CLGB does not and that is a result of lack of exploration history and dollars
Slide 12: Favourable Geological Features of the CLGB
Favourable Geological Features of the CLGB ✓ Favourable tectonic setting and age for orogenic gold (folded Lower Proterozoic volcano-sedimentary sequence deformed in the 1.91-1.79 Ga Svecofennian orogeny) ✓ Greenschist facies metamorphism (3800 km2) ✓ Major trans-crustal scale fault (125 km long Sir
Slide 13: Aurion Land Position
Aurion Land Position Regional CLGB Unconformities and Sirkka Line Kumpu Group Ruoppa Ruoppa Kittila Mine Sore Aamurusko (undivided) Ahvenjarvi Kutuvuoma (Modified 1:200k Geology, after GTK) Aurion land position primarily focused on 125 km long Sirkka Shear Zone, a major fault/deformation zone record
Slide 14: Kumpu Group analogous to Timiskaming Group (same scale)
Timiskaming Group Kumpu Group analogous to Timiskaming Group (same scale) Kirkland Lake Main Break 49 Mt @ 15 g/t Au Sore Larder lake-Cadillac Zone 40 Mt @ 8.5 g/t Au Outapaa Ahvenjarvi Kutuvuoma Aamurusko Kumpu Group Many gold prospects occur adjacent to the Sirkka Shear Zone and the adjacent late
Slide 15: Risti - Aamurusko Geological Setting
Risti - Aamurusko Geological Setting Fault-bounded Kumpu Group Quartzite and Conglomerate: Pull apart basin Extension –> step-over, pull apart basin Kutuvuoma Conglomerates A’ deposited on Kumpu Group Quartzite unconformities Aamurusko Sirkka Shear Zone – Major regional deformation zone A 15
Slide 16: Risti - Aamurusko Schematic Section Analogous to Timmins and Kirkland Lake
Risti - Aamurusko Schematic Section Analogous to Timmins and Kirkland Lake Gold prospects Kumpu Conglomerate A A’ Kirkland Lake Kumpu Pull apart Timmins Quartzite Pull Apart Primarily mafic Primarily rocks ultramafic Au rocks Au Au Unconformities Au (After Bleeker, 2015) Au Au • At least 72.5 millio
Slide 17: Major Unconformities – Red Lake
Major Unconformities – Red Lake Balmer-Confederation unconformity Most of the gold deposits in the Red Lake Camp are proximal to regional unconformities
Slide 18: RISTI - Significant Progress at Aamurusko
RISTI - Significant Progress at Aamurusko Significant amount of high grade gold mineralization has been identified at surface. Results from 2016 Field Program Results from 2017 Field Program Quartzite Unconformity Unconformity Polymictic Conglomerate Unconformity Unconformity Mafic Volcanics Aurion
Slide 19: Aamurusko Boulder Channel Sampling
Aamurusko Boulder Channel Sampling 19
Slide 20: RISTI: Emerging High Grade Gold District
RISTI: Emerging High Grade Gold District Results to date: • Aamurusko: • 1210 rock samples average 25 g/t Au (102 samples > 31 g/t Au) over 1.4 km long by 1.0 km wide NE-SW corridor • 43.3 g/t Au over 1.65 m and 20.6 g/t Au over 2.5 m (Channel samples) • K2 Zone (New Discovery) • 1.7 km SW along str
Slide 21: Timiskaming-type Conglomerates Risti/Aamurusko vs Timmins
Timiskaming-type Conglomerates Risti/Aamurusko vs Timmins (same scale) Aamurusko Same scale comparison Risti and Pamour area, Timmins 4 Moz Au
Slide 22: Same-Scale Comparison of CLGB & Timmins
Same-Scale Comparison of CLGB & Timmins CLGB, Northern Finland Sirkka Shear Zone (Major Fault) Kittila = gold showing 7.7 Moz = gold mine Sirkka Shear Zone is measured to Aamurusko 125km in length. Aurion controls 80km or ~64% of this major fault zone Timmins Gold Camp, Ontario Risti Porcupine Desto
Slide 23: Aamurusko Drilling
Aamurusko Drilling Major Structure 23
Slide 24: Aamurusko: Drill Targets
Aamurusko: Drill Targets Northwest Valley Target Southeast Slope Break Target Big Blocks Interpreted concealed structure 24
Slide 25: Northwest Valley Target
Northwest Valley Target ail 0.49 Bit Au! 7.0m ® 0.83 git'Au/ 1.65 m 3.88 g/t Au / 3.0 in. es rel. @ wu | DES m Ry Yo0.4 git AUY.9 m o " t, er X % . . " % &, % SN : 3.3 b . SF. gn ’ ga i : —_ ~~ a . Xe 367 ae x 0.72 git Au/ 4m 25
Slide 26: Aamurusko: Northwest Valley Target
Aamurusko: Northwest Valley Target Polymictic conglomerate 4.5 g/t / 1.65 m High angle and 8.8 g/t Au / 0.55 m reverse fault Clastic seds Gabbro 26
Slide 27: Southeast Slope Break Target
Southeast Slope Break Target 27
Slide 28: Southeast Slope Break Target
Southeast Slope Break Target High angle Large, high grade qtz reverse fault blocks with crack and seal textures at base of slope Qtz veins/stockworking Predominantly stockwork(extensional) veins and rare, narrow <25 cm crack and seal veins 28
Slide 29: Aamurusko: Drill Hole
Aamurusko: Drill Hole 18 Typical quartz veining intersected in drilling; generally only weakly anomalous; lacking crack and seal texture associated with high grade blocks on surface; only narrow C&S veins intersected so far 1.3 g/t Au over 1.0 m 29
Slide 30: Extensional vs Fault Fill Vein relationships: Kalgoorlie example
Extensional vs Fault Fill Vein relationships Kalgoorlie example 30
Slide 31: Crack and Seal Textures = High Grade
Crack and Seal Textures = High Grade Aamurusko, Finland stylolitic Red Red Lake, Lake, Canada Canada 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) Crack-seal texture also called fault-fill, band
Slide 32: Extensional vs Fault Fill Vein relationships
Extensional vs Fault Fill Vein relationships Fault-fill (crack and seal) veins, Aamurusko Extensional veins, Aamurusko 32
Slide 33: Crack & Seal Textures = High Grade
Crack & Seal Textures = High Grade Crack & Seal Texture- 6.8 g/t Au over 0.5 m DDH AM17021 vg vg vg vg High grade boulder with crack & seal and course VG 33
Slide 34: Southeast Slope Break Target
Southeast Slope Break Target High angle reverse fault Large, high grade qtz Control Structure blocks with crack and seal textures at base of slope Where are the large high grade crack and seal veins that we see at surface very close to slope break (fault)? Qtz veins/stockwork One possible explanatio
Slide 35: Pegasus Prospect– Kundana Australia Northern Star Resources
Pegasus Prospect– Kundana Australia Northern Star Resources An example how different orientations of veins and plunges of ore shoots can be missed by drilling only one direction Numerous phases of drilling were conducted between 1999 and 2006. A small near-surface resource was identified on the K2 s
Slide 36: Aamurusko Targets for Phase 2 Drilling
Aamurusko Targets for Phase 2 Drilling Northwest Valley Target Ice Flow Direction Southeast Slope Break Target Multiple sources of high grade boulders 36
Slide 37: Finland Glaciation History
Finland Glaciation History Risti/Aamurusko Glacial Ice Flow Direction in Risti/Aamurusko Area was WNW to ESE 37
Slide 38: Finland Glaciation History
Finland Glaciation History Risti/Aamurusko Based on work of GTK the impact of glacial activity in the Risti/Aamurusko area had a limited effect – meaning little scour and limited dispersion 38
Slide 39: Finland Glaciation History
Finland Glaciation History Semi-quantitative estimates of glacial erosion in the ice divide zone provides for total glacial erosion of 8+/- 8 m. The presence of pre-glacial saprolite supports this and suggests limited scour and dispersion Risti ICE DIVIDE Till Pre-glacial saprolite 39
Slide 40: Aamurusko Targets for Phase 2 Drilling
Aamurusko Targets for Phase 2 Drilling Possible source area of majority Ice Flow Direction of high grade qtz blocks Interpreted Qtz blocks > 5 g/t Au Structures Coincident Ground Gravity break , Resistivity and Mag low Anomalies and high grade qtz Ground Mag: blocks Reduced to Pole Tilt Derivative 4
Slide 41: Aamurusko Targets for Phase 2 Drilling
Aamurusko Targets for Phase 2 Drilling Possible source area of Ice Flow Direction majority of high grade qtz blocks Coincident Ground Gravity break, Resistivity Anomaly Qtz blocks > 5 g/t Au and high grade qtz blocks 41
Slide 42: Summary
Summary • Maiden drill program a “technical success” • Thick zones (> 10 m) of quartz veining and stockworking widespread in 9 drill holes into a major structure over 1 km long • Anomalous gold throughout with assays up to 11 g/t over 1 m • Extensive gold along previously unexplored regional unconfo