Integra Resources Corp · TSXV:ITR
Integra Resources — Investor Presentation (July 2021)
23 slides from Integra Resources's investor presentation, July 2021
Slide 1: The DeLamar Project
Idaho, USA THE DELAMAR PROJECT July 2021 TSX-V: ITR / NYSE: ITRG INTEGRARESOURCES.COM
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: Integra Resources: The Right Company for Gold Exposure
Integra Resources: The Right Company for Gold Exposure 1. Significant value creation potential with near-term exploration and discovery drilling results – both high-grade and bulk tonnage targets 2. Continued de-risking with updated Resource Estimate and PFS in Q4 and Submitting Plan of Operations t
Slide 4: Integra Resources: The Right Gold Story for any Portfolio
Integra Resources: The Right Gold Story for any Portfolio Golden Chest New Jersey Mining Lucky Friday Au Hecla Mining Company Ag-Pb-Zn Strong Balance Sheet: Financed through Pre- Coeur d’Alene Galena Americas Gold - Silver Feasibility Study in Q4 2021 Ag-Cu-Pb-Zn Arnett Creek Revival Gold Tier 1 Jur
Slide 5: Capitalization & Balance Sheet
Capitalization & Balance Sheet 21% Current Bank 6% Analyst Share price(1) ($) C$3.63 / US$2.93 Brian MacArthur Basic Shares Outstanding (2) 55,163,972 Ingrid Rico 61% Options Outstanding 4,714,296 Rabi Nizami RSUs/DSUs 446,770 Phil Ker Warrants Outstanding (M) 0 Joe Reagor Basic Market Capitalizatio
Slide 6: Standout Leadership with a Track Record: Integra 1.0 (Gold)
Standout Leadership with a Track Record: Integra 1.0 (Gold) Number of gold development projects 52 acquired from 2012 to current day Number of acquired assets successfully put 16 into or are nearing production C$593 M Integra Gold equity value on acquistion Premium to spot share price offered by 52%
Slide 7: 2021: Resource Growth and PFS
2021: Resource Growth and PFS • Updated Resource Estimate: Q4 2021 Value Creation • 10,000 m of Exploration Drilling • Discovery exploration drilling underway at Georgianna and Lucky Days Target in BlackSheep • PFS / Advanced Metallurgy – Q4 2021 De-Risking • Plan of Operations / Start of Permitting
Slide 8: DeLamar Stands Out
DeLamar Stands Out Precious Metals Developer Benchmarking Number of assets 1) All pre-production projects with a gold/silver resource estimate, globally 3,527 Assets 2) Remove projects without a valid economic since 2015 377 Assets 197 Assets 3) Remove projects with less than 50% precious metals pro
Slide 9: Silver City Mining District history
The Silver City Mining District – host to DeLamar and Florida Mountain – has been producing gold and silver since the early 1860s. Early miners extracted 250k oz of high-grade gold from Florida Mountain until the onset of 1 World War 1. 1. Please reference the NI 43-101 Technical Report and Prelimin
Slide 10: DeLamar Mine history and Integra acquisition
The DeLamar Mine was in operation from the 1970s to the 1990s, shutting down in early 2000 when gold hovered at US$300 per ounce. The previous operators left behind a significant gold/silver resource. 1 Integra acquired the project in 2017 with a plan to grow the resource and demonstrate how DeLamar
Slide 11: What makes Integra unique: A scarce asset in the USA
What makes Integra unique: A scarce asset in the USA 3.9 Moz AuEq 1 Total Resource Estimate at the Project (plus 0.5 Moz AuEq (Inf)) 1 Measured and Indicated 2 US$358 M / 43% IRR After-tax (5%) After-Tax NPV at US$1,350 Au / US$16.90 Ag 2 US$675 M / 74% IRR After-Tax NPV at US$1,800 Au / US$22.53 Ag
Slide 12: Resource Growth: Delivering on Exploration
Resource Growth: Delivering on Exploration Florida Mountain Deposit: 1 • 50% hit rate on exploration of high-grade veins unexplored in modern times. • Multiple intersects more than 150 m outside the existing resource estimate. War Eagle Mountain:2 • Highest drill results to date, above historic mini
Slide 13: The Plan 2021: Expand the Resource
The Plan 2021: Expand the Resource 2021 Exploration Designed for Discovery and Near Deposit Resource Growth. BlackSheep: Discovery Drill Program Florida Mountain: 1 1.07 M oz (M&I) / 100K oz 2021: 2,000 m (Inf) AuEq 2021: 4,000 m DeLamar Deposit: 1 2.8 M oz (M&I) / 0.4 M oz (Inf) AuEq 2021: 2,000 m
Slide 14: Modern Mining: 1994-1998
Modern Mining: 1994-1998 ➢ Modern Mining focused on the bulk-tonnage, low-grade resource on the top of Florida Mountain (0 m to ~120 m vertical) ➢ No focused drilling into the high-grade underground occurred during this era ➢ In 4 years, Florida Mountain produced 125k oz Au and 2.6 M oz Ag ➢ Current
Slide 15: The Pursuit of High-Grade: Drill Intersects into Veins/Shoots
The Pursuit of High-Grade: Drill Intersects into Veins/Shoots (Looking North) 1.Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 7
Slide 16: Drilling has Demonstrated the Extent of High-grade Potential
Drilling has Demonstrated the Extent of High-grade Potential (Looking North) 1.Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 70
Slide 17: BlackSheep Area: Au Soil
5 km BlackSheep Twin Peaks Target Area: Spain/Statute Hills Target Au Soil Argentum Target Geochemistry Lucky Days Target Georgianna Target Florida Mountain: 1.07 M oz (M&I) and 100K oz (Inf) AuEq* Milestone Deposit: DeLamar Deposit: 2.8 M oz (M&I) and 0.4 M oz (Inf) AuEq* 17 *Please reference the N
Slide 18: BlackSheep Area: IP Chargeability
BlackSheep Area: Georgianna Target: IP Chargeability IP Chargeability DeLamar Deposit: IP Chargeability Interpreted Corridor of Mineralization 5 km 18
Slide 19: Idaho is ranked by the Fraser Institute as 9th in the World
Idaho is ranked by the Fraser Institute as 9th in the World for mining activity. The Fraser Institute also ranked Idaho #1 in the Policy Perception Index The BLM mineral specialist has been hired and is working on the Integra file. Strong support from politicians and the community for the project. B
Slide 20: Timeline: 2021 - 2024
Timeline: 2021 - 2024 2021 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource Estimate Pre-Feasibility Study Drill results Baseline Plans, Studies and Monitoring Plan of Operations Completeness Review Environmental Impact Study (EIS) Record of Decision 20
Slide 21: ESG Integrity is in Our Name
ESG INTEGRITY IS IN OUR NAME Our reputation for doing business honestly, respecting our neighbours, minimizing our environmental impacts and keeping our people safe is essential to the sustainability of our business. Responsibility, integrity and accountability guide us each and every day. E nvironm
Slide 22: Engaging with Partners: To Advance ESG Program
Engaging with Partners: To Advance ESG Program • Signed MOU with Trout Unlimited to evaluate and prioritize potential future habitat reclamation projects within the Jordan Creek watershed in Owyhee County, Idaho. • This partnership with Trout Unlimited complements Integra’s commitment to minimizing
Slide 23: Management
Management GEORGE SALAMIS, ANDRÉE ST-GERMAIN, TIM ARNOLD, MAX BAKER, JOSH SERFASS, RANDALL OLIPHANT, President, CEO, Director CFO COO VP Exploration EVP Strategic Advisor to the Board Board of Directors STEPHEN DE JONG, DAVID AWRAM, ANNA LADD-KRUGER, “BUTCH” OTTER, TIMO JAURISTO, CAROLYN CLARK LODER
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