Rupert Resources Ltd.

Rupert Resources — Investor Presentation (September 2018)

20 slides from Rupert Resources's investor presentation, September 2018

  1. Slide 1: Developing a Pipeline of High Quality Assets in Low Risk Jurisdictions

    DEVELOPING A PIPELINE OF HIGH QUALITY ASSETS IN LOW RISK JURISDICTIONS TSXV : RUP SEPTEMBER 2018

  2. Slide 2: Cautionary Statement

    CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information Historical estimates for Hirsikangas Project This document contains certain forward-looking statements or “forward looking information” The Hirsikangas Project has a historical resource estimate (“the historical estimate”), p

  3. Slide 3: Company Summary

    COMPANY SUMMARY CORNERSTONE ASSET IN THE CENTRAL LAPLAND GREENSTONE BELT Pahtavaara Project – Production potential Capital Structure • Mine, 1500tpd mill and tailings dam (1) Shares on Issue 112,032,073 • Historical production 350kozs despite poor understanding of geological controls (estimated 440k

  4. Slide 4: Mining in Finland

    MINING IN FINLAND NEW GENERATION OF LARGER PROJECTS BEING DEVELOPED IN LAPLAND Highly prospective geology Rupert properties 1. Pahtavaara • Similar age rocks to Yilgarn, Abitibi and Birimian 2. Hirsikangas (Archaean and Paleoproterozoic) 3. Osikonmaki (+) 1 Commercial gold mining is new in Finland •

  5. Slide 5: New Gold Mining District Emerging in Lapland

    NEW GOLD MINING DISTRICT EMERGING IN LAPLAND Kittila Mine Outa Project Pahtavaara Mine Kevitsa Mine (Agnico Eagle) (Aurion / Kinross) (Rupert Resources) (Boliden) • Production of 200koz/a • Kinross LOI to acquire up to • Resource expected H1 2018 • Bought from FQM for • Mine life extended to 2035 70

  6. Slide 6: Regional Geological Model Analogy

    REGIONAL GEOLOGICAL MODEL ANALOGY Extract from regional study prepared by Dr. Brett Davis, consulting structural geologist to Rupert Resources Ltd. See the Company’s July 30, 2018 press release for further information. 6

  7. Slide 7: Similarities to Orogenic Gold Deposits

    SIMILARITIES TO OROGENIC GOLD DEPOSITS A LOW SULPHIDATION STRUCTURALLY CONTROLLED OROGENIC GOLD DEPOSIT Licence scale • Crustal-scale shear zones/fault corridors – long strike length • Granite-cored domes and granite-greenstone contacts • Rheological differences and complex lithological associations

  8. Slide 8: Mine and Mill - Replacement Value of USD120M

    MINE AND MILL - REPLACEMENT VALUE OF USD120M(1) 2 1 3 4 1 1500tpd mill Open pit 3 • 350koz historical production • Free milling ore with 80 – 90% recoveries 30,000m of UG development 4 2 Tailings pond • Long hole open stoping • 8.5M m3 permitted capacity • dewatered to 450m (1) Refer to page 2, forw

  9. Slide 9: Reappraisal of Existing Drill Data

    REAPPRAISAL OF EXISTING DRILL DATA PREVIOUS WORK SIGNIFICANTLY UNDERESTIMATED SCALE OF PAHTAVAARA Past 20 years of ownership • 300,000m of previous drilling • Fragmented database • No geological model & minimal grade control • But still managed to produce 350koz Rupert initiatives • Database upgrade

  10. Slide 10: New Inferred Resource

    NEW INFERRED RESOURCE NEW RESOURCE ESTIMATE RECONCILES WITH HISTORICAL PRODUCTION Cutoff (g/t Au) Grade (g/t Au) Tonnage Au oz Au kg 0.5 1.6 14,540,000 756,000 23,500 1.0 2.4 7,980,000 605,000 18,800 1.5 3.2 4,640,000 474,000 14,700 2.0 4.0 3,030,000 385,000 12,000 3.0 5.6 1,470,000 264,000 8,200 4.

  11. Slide 11: Pahtavaara Resource Potential

    PAHTAVAARA RESOURCE POTENTIAL NEAR SURFACE DRILLING TO TEST OPEN PIT EXTENSIONS, PARALLEL STRUCTURES AND WESTERN EXTENSION 11

  12. Slide 12: Targeting from New Structural Interpretation

    TARGETING FROM NEW STRUCTURAL INTERPRETATION REGIONAL AND PROSPECT SCALE FAULTING IN THE PAHTAVAARA PROJECT AREA Extract from regional study prepared by Dr. Brett Davis, consulting structural geologist to Rupert Resources Ltd. See the Company’s July 30, 2018 press release for further information. 12

  13. Slide 13: Near Mine Exploration

    NEAR MINE EXPLORATION SYSTEMATIC TARGETING STRATEGY INTERPRETATING HISTORICAL AND NEW DATA Consolidation of database (4 periods of ownership) • BOT, drilling, outcrop and sampling data New geophysics • Completed 4500 line km of UAV magnetics • Integrated with historic gravity, IP, airborne EM, Sling

  14. Slide 14: Hirsikangas Project

    HIRSIKANGAS PROJECT RESOURCE CONTAINED ON 1.2KM OF 32KM CRUSTAL SHEAR ZONE Regional setting • Palaeoproterozoic orogenic gold deposit on 30km of Ruhanperä crustal scale shear zone Expanded claim area • Only 1.2km of strike drilled at shallow levels, open down dip and along strike in both directions

  15. Slide 15: Hirsikangas – Geological Setting

    HIRSIKANGAS – GEOLOGICAL SETTING POTENTIAL PARALLEL MINERALISATION AND EXTENSION ALONG STRIKE Historical drill holes of known mineralisation and Airborne EM showing the extension of the host potential parallel structure structure and anomalous boulders at Hanni target Refer to Rupert Resources relea

  16. Slide 16: Osikonmaki Project

    OSIKONMAKI PROJECT LOCATED ON CRUSTAL SCALE DEFORMATION ZONE Regional setting • Deposit model is epigenetic intrusion related Shear zone hosted gold deposit • Located in crustal scale Ladoga-Bothnian deformation zone • Primary mineralisation controlled by a shear zone oriented east-west, dipping app

  17. Slide 17: Gold Centre - Red Lake, Ontario

    GOLD CENTRE - RED LAKE, ONTARIO STRATEGIC 256 HECTARE LAND POSITION IN THE 23MOZ RED LAKE GOLD CAMP The Gold Centre Project • Previous exploration has demonstrated the continuation of the Balmer formation • IP geophysics and limited drilling conducted to date • Property is 100% owned, licence valid

  18. Slide 18: Outlook

    OUTLOOK REALISING THE POTENTIAL OF OUR ASSETS Pahtavaara • Extensive underground sampling and infill assay program to further improve geological model • Internal engineering studies based on new resource model • Licence wide exploration programs aiming to identify multi-millon oz deposit Central Fin

  19. Slide 19: Appendix - Leadership

    APPENDIX - LEADERSHIP EXPERIENCED MANAGEMENT TEAM LEADING THE COMPANY Gunnar Nilsson – Non Executive Chairman Michael Sutton - P. Geo., Non-Executive Director Gunnar Nilsson was appointed as non Executive Chairman in Mike is a geologist who has worked in some of the most June 2018. Gunnar was previo

  20. Slide 20: Contact Details

    CONTACT DETAILS James Withall – Chief Executive Officer Email - jwithall@rupertresources.com Thomas Credland – Head of Corporate Development Email - tcredland@rupertresources.com Address 82 Richmond Street East Suite 203, Toronto, Ontario M5C 1P1 Website www.rupertresources.com 20

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