Integra Resources Corp · TSXV:ITR
Integra Resources — Investor Presentation (April 2024)
30 slides from Integra Resources's investor presentation, April 2024
Slide 1: A Leading Precious Metals Developer Focused in the Great Basin
A Leading Precious Metals Developer Focused in the Great Basin CORPORATE PRESENTATION – APRIL 2024 TSX-V: ITR I NYSE: ITRG INTEGRARESOURCES.COM
Slide 2: Cautionary Note
CAUTIONARY NOTE This document has been prepared by Integra Resources Corp. (“Integra” or the “Company”) solely for the use in connection with the recipient’s evaluation of the Company. This document is a presentation of information about the Company’s activities as the date of the presentation and s
Slide 3: Building a Portfolio of High Quality, Heap Leach Projects in the Great Basin
The DeLamar Project: The Nevada North Project: (DeLamar & Florida Mountain Deposits) (Wildcat & Mountain View Deposits) Gold & Silver in Idaho Gold in Nevada BUILDING A PORTFOLIO OF HIGH QUALITY, HEAP LEACH PROJECTS IN THE GREAT BASIN Corporate strategy focused on rapid project Management team with
Slide 4: Corporate Snapshot
Corporate Snapshot Share Structure1 Ownership Breakdown2 Basic Shares Outstanding 88.5M Key Strategic Shareholders Options 3.3M Warrants 10.3M RSUs / DSUs 1.8M 10% Institutions & High Net Worth Fully Diluted Shares Outstanding 103.9M 15% Retail & Other Basic Market Capitalization ~US$70M 50% Strateg
Slide 5: One of the Largest Portfolios of Gold & Silver Resources in the Great Basin
One of the Largest Portfolios of Gold & Silver Resources in the Great Basin Not Controlled by a Major Producer Idaho Beartrack-Arnett PRODUCTION (Revival) Stibnite (Perpetua) Kilgore (Excellon) Boise City DeLamar Oxide DeLamar Twin Falls RESOURCE GROWTH Oregon Oakley Black Pine & DEVELOPMENT Hog Ran
Slide 6: Focused on De-Risking Activities at Key Assets
Focused on De-Risking Activities at Key Assets ▪ DeLamar: ▪ DeLamar: ▪ 2023 mineral resource update & ▪ Updated mineral resource 2022 PFS; metallurgical and estimate delivered in Q3 2023 geotechnical studies advancing including growth from stockpiles towards Feasibility Study level ▪ Nevada North: ▪
Slide 7: Integra's Projects Stand Out: USA Project Benchmarking
Integra’s Projects Stand Out: USA Project Benchmarking Number of Projects 1) Pre-production projects with Au/Ag resource estimate, globally 2,836 projects 2) Remove projects located outside USA 964 projects 3) Remove primary underground mining projects 195 projects 4) Remove projects without a valid
Slide 8: Scarcity Value: Very few large heap leach projects available in the USA
Scarcity Value: Very few large heap leach projects available in the USA with increased recent M&A activity Gold Standard Ventures ✓ FS published DeLamar Project ✓ Acquired by Orla for ~C$240M2 ✓ 2022 PFS: After-Tax NPV(5%) US$314M & 33% IRR (US$1,700/oz Au, US$21.50/oz Ag)1 ✓ 2023 MRE: 4.8Moz (M&I)
Slide 9: DeLamar Heap Leach Project: The Flagship
DeLamar Heap Leach Project: The Flagship After-tax economics at spot metal prices: ~US$470M NPV5% and ~47% IRR; significant upside potential from stockpiles 1 954koz / 136koz US$314M NPV5% US$814/oz 8-year LOM AuEq 33% IRR 2-year Payback LOM AISC at 35,000tpd Total / Avg. LOM After-Tax After-Tax (co
Slide 10: DeLamar Heap Leach Project: Overview
DeLamar Heap Leach Project: Overview Property includes Summary1 the historic Kinross • 100% owned, advanced gold-silver heap leach project in southwestern Idaho DeLamar mine that produced 750koz Au Lucky Friday • 2022 PFS (open-pit, heap-leach) outlined 35ktpd operation producing on average (HL) and
Slide 11: DeLamar Heap Leach Project: Stockpiles & Backfill
DeLamar Heap Leach Project: Stockpiles & Backfill1 • For >20 years, Kinross and other previous owners stockpiled and/or used the mineralized material for backfill that was below the mill cut-off grade • Total defined resource of 504kozs AuEq M&I and 46kozs AuEq Inferred • Average M&I grade of ~0.37
Slide 12: Nevada North Heap Leach Project: Simple, High-Margin Operation
Nevada North Heap Leach Project: Simple, High-Margin Operation After-tax economics at spot metal prices: ~US$490M NPV5% and ~54% IRR; excellent resource growth potential 1 US$310M NPV5% US$973/oz 1Moz / ~80koz AuEq 13-year LOM 37% IRR 3-year Payback LOM AISC Total / Avg. LOM 100Mt of Ore Mined After
Slide 13: Nevada North Heap Leach Project: Overview
Nevada North Heap Leach Project: Overview MOUNTAIN Summary1 VIEW Wildcat Deposit: • PEA stage low-sulphidation epithermal gold-silver deposit located in the Farrell Mining District, Nevada, ~56km from the town of Lovelock; 17,612-acre land package including WILDCAT 916 unpatented and 4 patented clai
Slide 14: Wildcat Heap Leach Deposit: Drilling & Exploration
Wildcat Heap Leach Deposit: Drilling & Exploration Exploration Plan of Operations submitted to the BLM in December 2022 to allow for significantly expanded drilling footprint Resource growth drilling begins Q2 2024 Note: Please reference the Millennial Precious Metals news releases from November 29,
Slide 15: Wildcat Heap Leach Deposit: Near Term Oxide Growth
Wildcat Heap Leach Deposit: Near Term Oxide Growth High priority drill targets significantly increased the mineralized footprint at Wildcat in 2022; Exploration Plan of Operati ons submitted – resource growth drilling to commence in Q2 2024 Commentary Wildcat Geologic Maps • Mineralized targets disc
Slide 16: Mountain View Heap Leach Deposit: Drilling & Exploration
Mountain View Heap Leach Deposit: Drilling & Exploration Exploration Plan of Operations submitted to the BLM in January 2023 to allow for significantly expanded drilling footprint Note: Please reference the Millennial Precious Metals news releases from May 12, 2022 and January 24, 2023 for additiona
Slide 17: Relative Positioning: Great Basin Heap Leach Projects
Relative Positioning: Great Basin Heap Leach Projects Development Assets: Total Mineral Resource (Moz AuEq)1 Producing Assets: Grade & Recovery2 Oxides (M+I) Oxides (Inf.) Stockpiles (M+I) Stockpiles (Inf.) Non-Oxides (M+I) Non-Oxides (Inf.) Mineral Resource Grade (g/t AuEq) Mineral Resource Strip A
Slide 18: Relative Positioning: Junior Producers
Relative Positioning: Junior Producers Production Potential (koz AuEq)1 Basic Market Capitalization (US$M) Fully-financed developers DeLamar Nevada North Calibre 416 K92 $1,176 Artemis 339 Artemis $1,153 K92 232 Orla $1,134 Argonaut 226 Wesdome $1,079 Victoria 217 Calibre $918 Integra 2 136 80 216 S
Slide 19: How Integra Delivers Value
How Integra Delivers Value Integra is focused on becoming a leading USA based mid-tier gold and silver producer through rapid project advancement and disciplined risk taking to maximize shareholder and stakeholder value 2026 2025 2024 2023 2023 Key Milestones: 2024 Key Milestones: 2025 Key Milestone
Slide 20: Laying the Foundation to Become a Leading USA Producer
Laying the Foundation to Become a Leading USA Producer Significant One of the largest Great Basin focused precious metals developers by Scale resource inventory with 6.2Moz AuEq M&I and 0.9Moz AuEq Inf.1 Robust Building a portfolio of simple heap leach projects with a vision of becoming a Pipeline l
Slide 21: Appendix
Appendix
Slide 22: Industry Leading Management Team and Board of Directors
Industry Leading Management Team and Board of Directors Senior Executives Board of Directors George Salamis Jason Kosec Stephen de Jong C.L. “Butch” Otter Anna-Ladd Kruger Timo Jauristo Executive Chair, Director President, CEO & Director Director Director Director Director Carolyn Clark Loder Eric T
Slide 23: ESG – Thinking of Tomorrow, Today
ESG – Thinking of Tomorrow, Today OUR APPROACH TO ESG Guided by our mission and core values, we are committed to creating lasting socio-economic benefits for all stakeholders through the responsible discovery and expansion of economic gold and silver ounces. Environmental Social Governance HEALTH &
Slide 24: DeLamar Project: Untapped Exploration Potential
DeLamar Project: Untapped Exploration Potential ~28km2 of highly prospective exploration ground along strike from current ~4.8Moz AuEq M&I resource; significant non- oxide potential underlying the oxide-mixed resource at DeLamar and Florida Mountain 1 BlackSheep Target • ~25km2 of exploration ground
Slide 25: DeLamar Project: Current Resource Estimate
DeLamar Project: Current Resource Estimate1 Type Class Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz Measured 6,313,000 0.36 74,000 16.9 3,427,000 0.58 118,000 Indicated 42,346,000 0.35 471,000 13.4 18,291,000 0.52 706,000 Oxide M&I 48,659,000 0.35 545,000 13.9 21,718,000 0.53 825,000 Notes: Inf
Slide 26: Nevada North Project: Current Resource Estimate
Nevada North Project: Current Resource Estimate1 Wildcat Deposit Nevada North Project Total Tonnes g/t Au oz Au g/t Ag oz Ag g/t AuEq oz AuEq Tonnes g/t Au oz Au g/t Ag oz Ag g/t AuEq oz AuEq Indicated 59,872,806 0.39 746,297 3.34 6,437,869 0.43 829,152 Indicated 81,880,584 0.44 1,147,695 3.11 8,176
Slide 27: Red Canyon Project: Overview
Red Canyon Project: Overview Summary • Red Canyon is located within the most productive stratigraphic horizon in Nevada, host to the largest Carlin style gold deposits; property consists of 6,650-acre land package • Broad area of strong hydrothermal system with high grade gold in permissive Devonian
Slide 28: Red Canyon Project: Geochemical Anomalies & Relative Location
Red Canyon Project: Geochemical Anomalies & Relative Location Geochemical Anomalies Project Location Cortez Mine Regional Rampart & Wall productive faults Red Canyon Property Gold Bar Mine Geochemical anomalies suggest a large-scale hydrothermal system is present at the property with elevated Carlin
Slide 29: Red Canyon Project: Drilling Overview
Red Canyon Project: Drilling Overview Long/Cross Sections Drill Targets 2.6 g/t over 22m including 3.0 g/t over 19m 4.5 g/t over 54m A including A’ 9.2 g/t over 22m 3.0 g/t over 11m including 10.3 g/t over 3m 0.5 g/t over 35m 1.1 g/t over 15m 4.6 g/t over 18m Source: Please reference the Millennial
Slide 30: Investor Relations Contact
TSX-V: ITR | NYSE: ITRG INTEGRARESOURCES.COM Investor Relations: 400 Burrard Street, Suite 1050 Vancouver, BC, Canada, V6C 3A6 Email: ir@integraresources.com Phone: +1.604.416.0576 30
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