Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (December 2020)
38 slides from Revival Gold's investor presentation, Dec 11, 2020
Slide 1: Pursuing a Revival in Gold
TSX-V: RVG revival-gold.com OTCQB: RVLGF Corporate Presentation 11th December 2020 PURSUING A REVIVAL IN GOLD
Slide 2: Cautionary Notes
CAUTIONARY NOTES This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) for evaluation of the Company by the recipient. The information contained in this presentation is derived from estimates made by the Company, information that has been provided to the Company by
Slide 3: The Fed Can't Print Gold
“THE FED CAN’T PRINT GOLD”1 Inc reas ing ly rare and in demand $11 trillion global bailout3 150 US National Debt hit $27 trillion in Oc tober 4 120 Neg ative US 10 yr 90 treas ury yield 5 G ap 2 60 Fed balanc e s heet $10 trillion by year end 5 30 New s ourc es of gold to feed growing demand 0 1991
Slide 4: Revival Gold Inc.
REVIVAL GOLD INC. A growth company in gold • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Largest past-producing gold mine in the state • Multi-million-ounce; gold-only • Strong PEA economics on first phase restart • Veteran gold team - track records of success with: Gold bars
Slide 5: Street Research Supports Significant Re-Rate
OTCQB: RVLGF Street Research TSXV: RVG Average Target Price Supports Significant Re-Rate 6% YRI 10% Basic Shares 71.2 M Management Fully-Diluted Shares 85.4 M 39% Share Price (4th Dec. ‘20) C$0.85 Institutional* 22% Avg. Daily Vol. 200,000 Retail Basic Market Cap C$60 M Cash (Q3-2020) C$12 M 23% Hig
Slide 6: Beartrack – Arnett Gold Project
BEARTRACK – ARNETT GOLD PROJECT The Asset 1st Phase PEA Idaho Location Valuation • 5,800 hectare land • 1st Phase is a re-start of • Top-10 jurisdiction • $12/oz3 position heap leach operations • State government • C$60 M market cap with • 1.4 M oz Indicated • Solid economics on supports responsible
Slide 7: 1st Phase PEA
1st PHASE PEA Supports resumption of meaningful heap leach gold production • PEA authored by Wood (w/ RPA, KCH, PWC) • Key metrics1 ▪ 72,000 oz/yr over 7 yrs with $1,057/oz AISC ▪ $100 M pre-production capex ▪ $88 M after-tax NPV5% , 25% after-tax IRR at $1,550 Au • Brownfield site – low technical a
Slide 8: 1st Phase Economics
1st PHASE ECONOMICS Robust Project Economics1 $1,550/oz Gold PEA Base Case PEA (equivalent to consensus LT gold price2) Base Case Avg Annual Production 72,000 oz Au/yr Pre-Production Capex $100 M Gold Price US$/oz $1,550 $1,750 $1,950 LOM Sustaining Capex $62 M Life of Mine (LOM) 7 years NPV(5%) $88
Slide 9: Project Details
PROJECT DETAILS • 12,000 tonnes/day open pit, heap leach operation; 62 t haul trucks; 2.7:1 strip ratio • Modular 2-stage crush to -2 inch; no agglomeration; conveyor stacking • Utilizes existing infrastructure including access road, powerline, ADR plant and solution ponds • Average gold recovery 60
Slide 10: Capital Cost Summary
CAPITAL COST SUMMARY TSX-V: RVG | OTCQB: RVLGF See press release dated November 17th, 2020 for further details. 10
Slide 11: Site Layout
SITE LAYOUT Beartrack Pits Haidee Pit Leach Pads 2,000 ft Plant Site TSX-V: RVG | OTCQB: RVLGF 11
Slide 12: Infrastructure Head Start
INFRASTRUCTURE HEAD START Grid Power Gold Production Facility TSX-V: RVG | OTCQB: RVLGF
Slide 13: Competitive Position
COMPETITIVE POSITION 13 Capital Intensity US Heap Leach Mines $ Initial Capex/Eqvlt. oz Au Production AISC/Eqvlt. oz Au Ranking 350 2000 300 1800 1600 Average $1,253/oz 250 1400 USD/oz 200 1200 1000 150 800 100 600 400 50 200 0 0 Source: Public company filings. Source: Public company filings. • $100
Slide 14: Large Scale, Top-5 Grade
LARGE SCALE, TOP-5 GRADE Independently Owned & Undeveloped Beartrack-Arnett Resource Open Pit Gold Projects Ranked by Grade & Resource 14 2.5 100% Au 12 2 Resources Moz AuEq 10 Grade g/t AuEq 8 1.5 6 1 4 0.5 1st 2 Phase 0 0 • Full potential exceeds M&I Inf M&I Grade Source: Public company filings. 3
Slide 15: Riding the Value Curve – Two Ways
RIDING THE VALUE CURVE – TWO WAYS Exploration Development Production 2nd Way: 1st Way: Exploration on Development of Mill Project Heap Leach Project Value Time TSX-V: RVG | OTCQB: RVLGF 15
Slide 16: Opportunity Beyond the 1st Phase PEA
OPPORTUNITY BEYOND THE 1st PHASE PEA 1 2 3 2020 Drill Targets 1 Haidee 2 Between N. & S. Pits 4 3 Joss 4 Rabbit TSX-V: RVG | OTCQB: RVLGF 16
Slide 17: Mineralized Over +5 km and Open
MINERALIZED OVER +5 KM AND OPEN open open open open open TSX-V: RVG | OTCQB: RVLGF 17
Slide 18: High Grade at Beartrack
HIGH GRADE AT BEARTRACK Cross Section • 8.5 g/t Au over 2.7 m in South Pit area • 6.6 g/t Au over 8.2 m and 8.8 g/t Au over 3.0 m in Joss area • 71 g/t Au over 9.8 m in the Ward’s Gulch area (pictured right) open open TSX-V: RVG | OTCQB: RVLGF 18
Slide 19: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL Expanding – limited only by drilling to-date 1996 with follow-up drilling 2018 with follow-up drilling +50% 2020 Note: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above TSX-V: RVG | OTCQB: RVLGF 0.27 g/t Au. See Beartrack-
Slide 20: US$5/oz Discovery Costs
US$5/OZ DISCOVERY COSTS1 TSX-V: Note: (1) Less than RVG US$15 | OTCQB: million RVLGF in equity financing between 2017 start of exploration and 2020 release of resource. 20
Slide 21: 2020 Drilling Program
2020 DRILLING PROGRAM Arnett • 30 holes for 4,900 meters drilled • 23 released to-date • All have intersected oxide mineralization within 140 meters of surface1 Note: (1) See Revival Gold press releases dated October 15th, November 12th, 2020 and December 10th, 2020 for further details. TSX-V: RVG |
Slide 22: 2020 Drilling Program (cont'd)
2020 DRILLING PROGRAM (cont’d) Beartrack • Between North and South Pits (not shown) • test continuity of PCSZ and for potential oxides (total of ~1,660 m, 5 holes) • Joss follow-up • Follow-up BT18-211D with high grades close to surface outside the PCSZ (total of ~960 m, 2 holes) • Rabbit “blue sky”
Slide 23: Relative Value
RELATIVE VALUE 100 80 MOZ EV US$/oz M&I+I WKM GSV Near-Term Catalysts: 60 Average take-over • Resource expansion Since 2013 • “Blue sky” drilling US$64/oz • Heap leach PEA MAX 40 ITR Pure Gold GPY 20 NHK Gold Eqvlt. SPA RVG Bubbles equate to M&I+I resource size 0 0 0.5 1 1.5 2 2.5 Grade g/t AuEq Sou
Slide 24: Revival Gold Inc.
REVIVAL GOLD INC. FAST PROVEN COMPELLING TRACKING … PROPERTY… OPPORTUNITY… • Veteran gold team • Brownfield site • Gold price on the rise • Fully funded exploration • Largest past producer in • Growing interest in program Idaho North American gold • Strong PEA economics • Significant “head start” wi
Slide 25: Revival Gold Inc. contact
TSX-V: RVG OTCQB: RVLGF revival-gold.com REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO ADAM ROCHACEWICH | CFO info@revival-gold.com 416-366-4100 25
Slide 26: Appendix
wee APPENDIX 26
Slide 27: Leadership Team
LEADERSHIP TEAM Hugh Agro Adam Rochacewich Steve Priesmeyer Pete Blakeley President & CEO VP and CFO VP Exploration General Manager B.Sc. (Mining B.Comm., CPA, CA B.Sc. (Geology), M.Sc. B.Sc. (Geological Engineering), MBA, (Geology). C.P.G. Engineering) Accounting and finance P.Eng. professional. Wo
Slide 28: Board
BOARD Wayne Hubert Hugh Agro Don Birak Rob Chausse Non-Exec Chairman President & CEO Director Director B.Sc. (Chemical B.Sc. (Mining B.Sc., M.Sc. (Geology) B.Comm., CA Engineering), MBA Engineering), MBA, Former SVP, Coeur CFO, New Gold Inc. P.Eng. Former CEO of Mining and VPX and former CFO, Andean
Slide 29: ESG Snapshot
ESG SNAPSHOT Revival Gold • Committed to the safety and protection of our people, the communities and the environment within which we work • Experienced management team that has built and operated mines • Strong governance led by independent chair and board Beartrack-Arnett Project • Idaho ranked 8t
Slide 30: Property Agreements
PROPERTY AGREEMENTS Beartrack: Key terms with subsidiary of Yamana Gold announced September 7, 2017 (as amended May 8, 2019 and May 20, 2020) • 1 MM shares and US$250,000 paid on close; further 3mm shares to be paid over four years (all have now been issued) • US$10.0 MM in exploration over five yea
Slide 31: Beartrack-Arnett 2020 Resource
BEARTRACK-ARNETT 2020 RESOURCE Contained Tonnes Gold Grade Resource Category Gold (’000 t) (g/t Au) (000 oz) Indicated Leach Beartrack – Open Pit 11,900 0.56 215 Arnett – Open Pit 2,500 0.65 52 Indicated Mill Beartrack – Open Pit 22,216 1.52 1,089 Beartrack – Underground NA NA NA Total Indicated 36,
Slide 32: Beartrack-Arnett 2020 Resource (cont'd)
BEARTRACK-ARNETT 2020 RESOURCE (cont’d) 1. Effective date of December 10, 2019. CIM (2014) definitions were used for Mineral Resource classification. 2. Qualified Persons: Mark B. Mathisen, C.P.G, Ryan Rodney, C.P.G., Kathleen A. Altman, Ph.D., P.E. Mineral Resources were tabulated for model blocks
Slide 33: 2020 Resource: Statistics
2020 RESOURCE: STATISTICS Drill Hole Data Beartrack (core & RC holes) Arnett (only core holes used) Number Meters Number Meters Pre-2012 (Meridian) 471 64,084 11 1,337 Post-2012 (Yamana & RVG) 53 22,625 28 4,758 Total 524 86,709 39 6,095 … includes core holes 226 39 … of which RVG drilled (‘17-’19)
Slide 34: Favourable Metallurgy
FAVOURABLE METALLURGY Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at 13,600 tpd of heap leach material with a 2-stage crush to minus 2-inch size • Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold)1. • Arnett has been th
Slide 35: 1st Phase Production Schedule
1st PHASE PRODUCTION SCHEDULE TSX-V: RVG | OTCQB: RVLGF See press release dated November 17th, 2020 for further details. 35
Slide 36: Target Rich Land Position
TARGET RICH LAND POSITION Aeromagnetic geophysical survey Under-cover structures at Rabbit 2 km diameter, shallow (approx. 300-meter-deep) magnetic high at Haidee See Revival Gold August 12th, 2019 press TSX-V: RVG | OTCQB: RVLGF release for summary of aeromagnetic results. 36
Slide 37: Arnett: Opportunities Beyond Haidee
ARNETT: OPPORTUNITIES BEYOND HAIDEE Arnett soil geochemistry Anomalous gold in soils TSX-V: RVG | OTCQB: RVLGF See Revival Gold press release dated November 21st, 2019 for further details. 37
Slide 38: Revival Gold Inc. contact
TSX-V: RVG OTCQB: RVLGF revival-gold.com REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO ADAM ROCHACEWICH | CFO info@revival-gold.com 416-366-4100 38