Integra Resources Corp · TSXV:ITR
Integra Resources — Investor Presentation (October 2017)
26 slides from Integra Resources's investor presentation, Oct 10, 2017
Slide 1: The DeLamar Project
THE DELAMAR PROJECT Idaho, USA September 2017 0
Slide 2: Cautionary Statement Regarding Forward Looking Information
Cautionary Statement Regarding Forward Looking Information This document has been prepared by Integra Resources Corp. (the “Integra Resources” or “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined f
Slide 3: An Attractive Brownfield Opportunity in the USA
An Attractive Brownfield Opportunity in the USA ✓ Over 100 years of prior open pit and underground mining operations Established ✓ Total historical production of over 1.6 Mozs of gold and ~100 Mozs of silver Production History ✓ CIL and heap leach operation showed excellent recoveries ✓ Non-core ass
Slide 4: Management and Board: Focused on Repeating Past Success
Management and Board: Focused on Repeating Past Success • 10 years of experience in the mining industry Stephen de Proven track record of • Recently the President and CEO of Integra from 2012 until its sale to Eldorado in July shareholder value creation – Jong 2017, where he advanced the Lamaque pro
Slide 5: Terms of the Acquisitions
Terms of the Acquisitions ▪ Integra Resources to acquire a 100% interest in the DeLamar property from Kinross Gold Corporation (“Kinross”) in exchange for (i) cash payments totaling C$7,500,000, (ii) shares of Consideration for Integra Resources and (iii) a royalty (the “Acquisition”) DeLamar ▪ Clos
Slide 6: Current Capitalization
Current Capitalization Capitalization and Balance Sheet Ownership Structure Share Price (C$) $0.89 Basic Shares Outstanding (M) 18.4 Options Outstanding (at C$3.13) (M) 0.035 33% 49% Market Capitalization (C$M) $16.4 Less: Cash (C$M) ($1.6) 17% Add: Total Debt (C$M) $0.0 Enterprise Value (C$M) $14.7
Slide 7: Property Location and Access
Property Location and Access ▪ Located in southwestern Idaho, approx. 17 km east of the town of Jordan Valley, Oregon and 80 km south of Boise, Idaho Boise ▪ Kinross currently controls (i) 5,300 acres of claims and patents and (ii) another 4,100 acres of leased private and state lands with NSR royal
Slide 8: Idaho: A Favourable Mining Jurisdiction
Idaho: A Favourable Mining Jurisdiction Mining Friendly State Lucky Friday Galena Hecla Mining Company Americas Silver Ag-Pb-Zn Ag-Cu-Pb-Zn Low Geopolitical Risk Sunshine Sunshine Silver Mines Ag Coeur d’Alene Established History of Mining Arnett Creek Revival Gold Au Beartrack Revival Gold Au Well-
Slide 9: Production History
Production History Deposit Gold Production Silver Production DeLamar Underground Production 600,000 42,000,000 DeLamar Open Pit Production (1977 – 1998) 750,000 47,500,000 Florida Mountain Production (1883 – 1910) 133,000 15,400,000 Stone Cabin (Florida Mountain) Open Pit Production (1994 – 1998) 12
Slide 10: Reclamation Status
Reclamation Status ▪ Mined by Kinross to 1998 and primary closure activities completed ▪ Tailings pond dewatered and capped with clay and soil ▪ Heap leach pad and milling infrastructure removed ▪ The DeLamar mine operates under the following permits: ▪ Plans of Operation with Idaho Department of La
Slide 11: District Hydrothermal Zoning Model
District Hydrothermal Zoning Model ▪ Low-sulfidation gold-silver mineralization of mid-Miocene age – similar in age and geologic setting to Midas and Fire Creek ▪ Mineralization is hosted within a +500 m thick package of gently dipping Miocene basalts intruded by rhyolite / latite flow-dome complexe
Slide 12: DeLamar: Geology Overview
DeLamar: Geology Overview Regional Geology – Plan View Hydrothermal Vent Breccia from 2 km North of DeLamar DeLamar Colloform Textured Breccia Veins 11 Source: Kinross/Nerco -DeLamar Mine exploration and production data and reports
Slide 13: DeLamar: Potential Feeder Zone
DeLamar: Potential Feeder Zone 12 Source: Kinross/Nerco -DeLamar Mine exploration and production data and reports
Slide 14: DeLamar: Past Drilling
DeLamar: Past Drilling Select Drill Intercepts Below Final Pit Surface (1998) In the Vicinity of the “Feeder Zone” Target Hole ID From (ft) To (ft) Interval (ft) Au (g/t) Ag (g/t) Vein D387 270 280 10 0.41 972.87 No 1 Vein SG39 490 525 35 105.40 41.02 No 1 Vein OH1 95 155 60 10.06 116.55 Ohio Stockw
Slide 15: DeLamar Project Inferred Resource Outline
DeLamar Project Inferred Resource Outline October 2017 14
Slide 16: Resource Estimate – MDA, October 2017
DeLamar Inferred and Pit Contrained Resource Estimate – MDA, October 2017 Sensitivity analysis of grade and tonnage at varying pit-constrained cut-off grades on the DeLamar Project Cutoff Tonnes g Au/t oz Au g Ag/t oz Ag g AuEq/oz Eq Au oz 0.30 117,934,000 0.41 1,592,000 24.34 91,876,000 0.7 2,673,0
Slide 17: Exploration Upside
Exploration Upside ▪ Nerco / Kinross drilled over 1,000 vertical holes between 1977 and 1998 (predominantly RC) to evaluate the open pit potential of the upper 150 m of the system Bulk Tonnage Open Pit Potential ▪ Available drill data indicates a strong potential to delineate additional resources ne
Slide 18: Drill Plan – February 2018 Program
Drill Plan – February 2018 Program 17
Slide 19: 2018 Exploration Targets
2018 Exploration Targets DeLamar plan view 18 Source: Kinross/Nerco -DeLamar Mine exploration and production data and reports
Slide 20: 2018 Exploration Targets
2018 Exploration Targets DeLamar cross section 19 Source: Kinross/Nerco -DeLamar Mine exploration and production data and reports
Slide 21: Why Invest in Integra Resources?
Why Invest in Integra Resources? Attractive Low Risk ✓ Permitted brownfield asset with an established production history ✓ Development ✓ Mining friendly jurisdiction with excellent infrastructure Opportunity ✓ “Under the radar” opportunity with high prospectivity and accelerated development timeline
Slide 22: Chris Gordon
CHRIS GORDON chris@integraresources.com 21
Slide 23: Appendix: Technical Disclosure
Appendix Technical Disclosure All scientific and technical information relating to the DeLamar Properties property is based on and derived from Kinross/Nerco -DeLamar Mine exploration and production data and reports. The information contained herein is subject to all of the assumptions, qualificatio
Slide 24: Appendix continued: Purchasers' Rights of Action
Appendix continued 2 Purchasers’ Rights of Action Securities legislation in certain of the provinces of Canada provides purchasers with rights of rescission or damages, or both, where an offering memorandum or any amendment to it contains a misrepresentation. A “misrepresentation” is an untrue state
Slide 25: Appendix continued: Dependence on One Mineral Project
Appendix continued 3 Dependence on One Mineral Project On completion of the Transaction, it is anticipated that the only material property interest of the Company will be its interest in the DeLamar Properties. As a result, unless the Company acquires additional properties or projects, any adverse d
Slide 26: Appendix continued: Exploration, Development and Mining Risks
Appendix continued 4 Exploration, Development and Mining Risks Mining activities generally involve a high degree of risk. The Company’s operations are subject to all the hazards and risks normally encountered in the exploration, development and production of natural resources, including unusual and
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