RPX Gold · TSXV:RPX
RPX Gold — Red Pine Exploration — Investor Presentation (January 2024)
39 slides from RPX Gold's investor presentation, January 2024
Slide 1: Red Pine Exploration Investor Update
Red Pine exploration Investor Update JANUARY 2024 TSX-V: RPX | OTCQB: RDEXF REDPINEEXP.COM
Slide 2: Forward Looking Information
Forward Looking Information This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral Mineral Resource Estimates, Qualified Person remarks accompanying this presentation (collectively, the “Presentation”), have been prepared b
Slide 3: Exploration Success in 2023 and 2024
Exploration Success in 2023 and 2024 Focused on Expanding the RPX Resource 100% owned Wawa Gold Project High-quality project hosting numerous historic mines and untested targets, in addition to the depth potential of existing Funded to complete a resources focused and sustained exploration program t
Slide 4: Capital Structure (CAD) and Key Shareholders
Capital Structure (CAD) Key Shareholders * As of December 7, 2023 Basic Shares Outstanding 190.7M 19.3% 13% Options 5.6M (avg. $0.49) Warrants 19.8M (avg. $0.24) 49% Institutional Fully Diluted Shares Outstanding 216.1M Key Institutional Investors: Research: Project Ownership 100% Pierre Vaillancour
Slide 5: Prolific Gold District in a Trusted Jurisdiction
Prolific Gold District in a Trusted Jurisdiction Michipicoten Greenstone Belt Underexplored Sector of Canada’s Prolific Abitibi Region Wawa Gold Project in underexplored extension of the rejuvenated section of the Abitibi Influx of Activity in the Region 2015: Goldcorp acquires Probe Mines (Borden)
Slide 6: Wawa Gold Project
Red Pine’s Red Pine’s Wawa Gold Project Wawa Gold Project Hwy 101 ONTARIO, CANADA ONTARIO, CANADA Town of Wawa Location McMurray Township, 2 km southeast of the Location McMurray Township, 2 km southeast of the Town of Wawa, Ontario Town of Wawa, Ontario Historic Mines Main Highways Size 7,041 hecta
Slide 7: 2 near-surface deposits
2 near-surface deposits ... Grace Shear Surluga & Minto Mine South Minto Mine Deposit • 95% of resource between surface and 350 meters • Mineralization extended at depth in the Jubilee and Limit of 3D model Minto shears • Many mineralized structures discovered around the Jubilee and Minto Shears • M
Slide 8: 2 near-surface deposits in a continuously expanding mineralized system
Limit of 3D model 2 near-surface deposits … in a continuously expanding mineralized system Grace Shear Jubilee Shear Limit of 3D model The size of the Minto Mine mineralized Deposit system suggests a potential for a hybrid pit constrained and Surluga underground Deposit Limit of 3D model development
Slide 9: 2021-2023 exploration results – Proving a large gold system
2021-2023 exploration results – Proving a large gold system beyond the existing resources ∙ Significant extensions of mineralization in the Jubilee Shear Zone beyond the footprints of the 2019 resource o 600 m extension in the Surluga South and 325 m extension in the Surluga North areas o One of the
Slide 10: Mineralization extends at depth and beyond 2018 and 2019 resources
2021 to 2023 exploration results - Confirmation that mineralization extends at depth and beyond the 2018 and 2019 resources of the Surluga and Minto deposits Previous Results 2022 Reported Results Surface 1.74 / 9.84 9.84* 2.11 / 6.99* 52.12 / 2.29* 10.18 / 4.89* 0.75 / 12.60* 0.48 / 44.19* 0.41 / 7
Slide 11: 2021-2023 exploration results – Proving a large gold system
2021-2023 exploration results – Proving a large gold system beyond the existing resources ∙ Discovery of significant mineralization in shear zones above the Jubilee Shear with high-grade intersections in each IRGS + o 3.50 g/t gold over 25.15 m including 36.48 g/t gold over 2.01 Jubilee/Core Shack N
Slide 12: 2021-2023 exploration results – Proving a large gold system
2021-2023 exploration results – Proving a large gold system beyond the existing resources ∙ Discovery of significant mineralization in shear zones above the Jubilee Shear with high-grade intersections in each IRGS + o 3.50 g/t gold over 25.15 m including 36.48 g/t gold over 2.01 Jubilee/Core metres
Slide 13: Intrusion Related Gold System West of the Jubilee Shear Zone
2021-2023 exploration results – Proving a large gold system beyond the existing resources Intrusion Related Gold System (IRGS) West of the Jubilee Shear Zone • Confirmed the presence of both high-grade mineralization and multiple gold zones in a newly identified large intrusion-related gold IRGS sys
Slide 14: Extensional quartz vein networks with high-grade intersections
2021-2023 exploration results – Proving a large gold system beyond the existing resources Identification and discovery of extensional quartz vein networks with high-grade intersections in each Jubilee/Core Shack North ∙ 6 vein networks confirmed on the project Thickest High Grade Intersection outsid
Slide 15: Surluga North vein network
Surluga North vein network A A’ TSX-V: RPX OTCQB: RDEXF REDPINEEXP.COM PAGE 16
Slide 16: 2023-24 drilling program - Onwards towards an updated resource
2023-24 drilling program - Onwards towards an updated resource • 20,000 metre drilling program announced in May 2023 • Focused on the targets which have the highest probability towards material progression of an updated resource • 90% of the drilling will be allocated to Pit Constrained Exploration
Slide 17: Mineralized Shear Zones on the Wawa Gold Property
Mineralized Shear Zones on the Wawa Gold Property TSX-V: RPX OTCQB: RDEXF REDPINEEXP.COM PAGE 18
Slide 18: Environment and Social Responsibility
Environment and Social Responsibility Strong Community Support Ongoing Environmental Ongoing consultation with First Nations Baseline Work and the Town of Wawa Water sampling, tailing pond monitoring and drill site remediation Permitting Framework In Place Fully permitted for all exploration activit
Slide 19: Beyond Surluga and Minto: Test Drilling of Exploration Targets
Beyond Surluga and Minto TEST DRILLING OF EXPLORATION TARGETS SD-21-310 9.30 g/t Au over 3.08 m Including 25.95 g/t Au over 0.95 m HS-17-51 12.7 g/t Au over 0.80 m 3.37 g/t Au over 2.00 m In the hornblende 8.10 g/t Au over 3.00 m HS-15-31 10.78 g/t Au over 2.00 m 25.73 g/t Au over 4.00 m 5.76 g/t Au
Slide 20: Comparative Evolution of Nearby Deposits
Comparative Evolution of Nearby Deposits Wesdome Eagle River Mine Alamos Gold lsland Gold RED PINE EXPLORATION Surluga Minto 2.5 km 2 km 3 km 500m 1000m 1500m Mined out Mined out CURRENT RESOURCE TOTAL 3 2000m 429k oz au 820K oz au 620k oz au ~5.1M oz au INDICATED INFERRED 1995 TOTAL RESOURCE 1 CURR
Slide 21: Red Pine Management
Red Pine Management Quentin Jean-François Eric Carrie Yarie Montreuil Josipovic Howes CEO & DIRECTOR VP EXPLORATION CFO & CORPORATE SECRETARY DIRECTOR CORPORATE COMMUNICATIONS CPA, CA P.Geo P.Geo. Ph.D Finance executive with >20 years Institutional sales, finance, and Geophysicist with >25 years min
Slide 22: Red Pine Board of Directors
Red Pine Board of Directors Quentin Drew Andrew Rachel Paul Yarie Anwyll Baumen Goldman Martin CHAIRMAN CEO & DIRECTOR DIRECTOR DIRECTOR DIRECTOR CPA, CA P.Geo M.Eng., P.Eng. Geophysicist with >25 Mining engineer with Innovative leader with Over 20 years of Executive with more than 30 years mineral
Slide 23: Mineral Resource
Mineral Resource Surluga Deposit Resource Sensitivity INDICATED INFERRED Cut-Offs Gold Cut-off Gold Grade Contained Gold Grade Contained Tonnes Tonnes Grade (g/t) (g/t) Gold (oz) (g/t) Gold (oz) Notes: Official Mineral Resource 2.0 1,654 ,000 4.50 239 ,000 3,533 ,000 4.26 484 ,000 estimate highlight
Slide 24: Gold Mineralization
Historic Darwin-Grace DG-17-55 Gold Mineralization 42.22 g/t Au over 2.03 m “Greenfield” exploration in the Darwin-Grace Mine area reveals multidimensional network of 67.9 g/t Au mineralized shear zones that each have potential Jubilee South Shear 13.5 g/t Au to host zones of gold mineralization DG-
Slide 25: Blue Sky Potential
Wawa Gold Corridor Blue Sky Potential A A Mineralization corridor extends over 6km 0 Au g/t discrete 100 100 Grace & Jubilee Parkhill Shear Zone Cooper 50 / Van Sickle 200 South Surluga 20 Minto Mine North South / Parkhill 10 #4 300 6 Hornblende 4 2.7 400 Surluga Deep TSX-V: RPX OTCQB: RDEXF REDPINE
Slide 26: Minto Shear Continues To Host Gold Beyond Resource Limits
Minto Mine South Gold Deposit Minto Shear Continues To Host Gold Beyond Resource Limits • Located south of Surluga Deposit, drilling in this region resulted in the discovery of the down-dip extension of the Minto Vein in the Minto HOLE G/T GOLD TRUE WIDTH (TW) IN METERS Mine Shear Zone, 75 m down-di
Slide 27: Investor Relations Report: 2023 Highlights
2023 Highlights ● 5.13 g/t gold over 37.47 m, including 25.20 g/t gold over 3.41 m in SD-22-396 (January 6, 2023 PR) TSX.V: RPX ● 5.07 g/t gold over 27.35 metres in SD-22-414, including 70.90 g/t over 1.14 m (February 26, 2023) ● 3.50 g/t gold over 25.15 m in SD-22-415 including 6.48 g/t gold over 2
Slide 28: Moving towards a resource update
INVESTOR UPDATE Moving towards a resource update: TSX.V: RPX ● The 2019 and 2018 resources for the Minto Mine and Surluga Deposit were solely underground constrained (Approx. 700 koz at COG of 2.7 g/t and 3.5 g/t, Gold price of 1,200 USD) INVESTOR RELATIONS REPORT Opportunities ● With a pit constrai
Slide 29: 2021-2023 Exploration Results
2021-2023 EXPLORATION RESULTS Prove a large gold system beyond the existing resources vison on =>3mm Oz TSX.V: RPX ● Significant extensions of mineralization in the Jubilee Shear Zone beyond the 2019 resource ● 600 m extension in the Surluga South and 325 m extension in the Surluga North areas ● 3.0
Slide 30: Pit Optimisation Base Case
INVESTOR RELATIONS REPORT TSX.V: RPX BASE CASE Pit Optimisation PAGE 31
Slide 31: 2021-2023 Exploration Results – Minto B Shear
2021-2023 EXPLORATION RESULTS ● Significant results received so far in the Minto B Shear include TSX.V: RPX ● 10.92 g/t gold over 28.05 metres at the intersection of the Minto B/Jubilee Shears that includes 209.1 g/t gold over 1.00 m ● 2.68 g/t gold over 25.22 m including 38.33 g/t Au over 0.98 m Co
Slide 32: Discovery - Jubilee and Core Shack Vein Networks
Discovery - Jubilee and Core Shack Vein Networks ● Extensional vein network and Minto Mine TSX.V: RPX ● Confirmation of continuity of mineralization in the Sadowski Vein Core Shack Network Vein Network ● Vein network is showing lateral continuity to the east ● 2.64 g/t gold over 25.61 m including 34
Slide 33: 2021-2023 Exploration Results
2021-2023 EXPLORATION RESULTS ● Networks of extensional TSX.V: RPX quartz-tourmaline veins in the immediate FW of the Jubilee Shear ● Core Shack Vein Network INVESTOR RELATIONS REPORT produced significant drilling results in SD-23-430 and SD-23-446 ● Vein networks overlaps with zones of IRGS mineral
Slide 34: Contribute 1.15 Moz in conceptual pit
2021-2023 EXPLORATION RESULTS TSX.V: RPX Contribute 1.15 Moz in conceptual pit What we have A INVESTOR RELATIONS REPORT A ' PAGE 35
Slide 35: What Does Changing the Stripping Ratio Do?
WHAT DOES CHANGING THE STRIPPING RATIO DO? 4,200 TSX.V: RPX Incremental 100kt @Add Grade 0.6g/t 4,000 Incremental 100kt @Add Grade 0.8g/t 3,800 Incremental 100kt @Add Grade 1.0 g/t 3,600 3,400 Incremental 100kt @Add Grade 1.2g/t INVESTOR RELATIONS REPORT 3,200 Incremental 100kt @Add Grade 1.4g/t 3,0
Slide 36: Pre-Tax IRR and Stripping Ratio Graph
PRE-TAX IRR AND STRIPPING RATIO GRAPH BASED ON THE HYPOTHESIS 160% TSX.V: RPX 1.8 g/t Au 1.6 g/t Au 140% 1.4 g/t Au 1.2 g/t Au 120% 1.0 g/t Au 0.8 g/t Au Pre-Tax IRR INVESTOR RELATIONS REPORT 100% 0.6 g/t Au 80% 60% 40% 20% 12 11 10 9 8 7 6 5 4 Stripping Ratio
Slide 37: Potential of fully materialized scenario
The actual potential of this fully materialized scenario could be >= to 3 Moz considering what we have North of the Parkhill Fault TSX.V: RPX Target area INVESTOR RELATIONS REPORT
Slide 38: Summary: Updating RPX Resource in Q2/Q3 2024
SUMMARY Updating RPX Resource in Q2/Q3 2024 Underground Restrained Resources Minto Mine South 100k oz >6g/t ~200k oz remain in underground model TSX.V: RPX Surluga Current 600k oz >5g/t Revise Minto Mine Resource Add Jubilee South Extension (2022 Results) Add Jubilee North Extension (2022 Results) P
Slide 39: Contact US
Contact US Quentin Yarie Carrie Howes Chief Executive Officer Investor Relations Manager qyarie@redpineexp.com chowes@redpineexp.com 416-795-4153 416- 837- 0075 Corporate Office REDPINEEXP.COM 145 Wellington Street West Suite 1001 Toronto, ON M5J 1H8 Canada TSX-V: RPX OTCQB: RDEXF REDPINEEXP.COM
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