Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (May 2023)
40 slides from Revival Gold's investor presentation, May 2023
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation May 2023 revival-gold.com TSX-V: RVG OTCQX: RVLGF
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: Why Invest in Gold?
WHY INVEST IN GOLD? Gold has outperformed in the modern market TSX-V: RVG | OTCQX: RVLGF Source: VanEck, The Investment Case for Gold, January 2023, FactSet December 2022 3
Slide 4: Why Invest in an Explorer-Developer?
WHY INVEST IN AN EXPLORER-DEVELOPER? Scarcity of quality new gold projects Growing gap between global production and discoveries TSX-V: RVG | OTCQX: RVLGF Source: Revival Gold, S&P Global, World Gold Counsel 4
Slide 5: Revival Gold Inc.
REVIVAL GOLD INC. Top New US Gold Discoveries in the Past Decade1 (with gold grade shown) A growth company in gold Beartrack-Arnett Gold Project • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Key project advantages: • Jurisdiction – top-10 in the world3 • Infrastructure – road
Slide 6: Positioned in North America
POSITIONED IN NORTH AMERICA • 2nd largest gold-producing region in the world1 • Idaho is ranked Top-10 in the world for investment in mining by the Fraser Institute2 • 28 M ounce state endowment of undeveloped gold3 Source: (1) World Gold Council ; (2) Fraser Institute 2021 Survey of Investment Attr
Slide 7: Land Position – 5,800 ha
LAND POSITION – 5,800 HA 1See Revival Gold December 2 nd, 2021 press release for detailed results. TSX-V: RVG | OTCQX: RVLGF See Revival Gold press releases dated Nov. 13th, 2017, Dec. 2nd, 2021, and Mar. 15th, 2022, for additional details on drill results. Additional property details on page 33. 7
Slide 8: 1st Phase Project
1st PHASE PROJECT Open pit heap leach restart • Objective: 65,000 – 70,000 oz gold per year over 7-9 years • KCA & IMC on track with PFS – completion mid-2023 • Brownfield site – low technical and permitting risk • Deposit open with significant, as yet un-evaluated mill opportunity Gold bars produce
Slide 9: Infrastructure Head Start
INFRASTRUCTURE HEAD START Low Cost Carbon Friendly Grid Power Gold Production Facility TSX-V: RVG | OTCQX: RVLGF 9
Slide 10: Haidee Deposit
HAIDEE DEPOSIT Near surface oxides • Favorable setting & leach recoveries1 • Deposit remains open with expansion potential in all directions TSX-V: RVG | OTCQX: RVLGF Notes: (1) See Revival Gold press release dated September 6 th, 2022; . 10
Slide 11: Haidee Deposit X-Section
HAIDEE DEPOSIT X-SECTION Down-dip and up-dip expansion potential 11 11
Slide 12: Other Oxide Targets
OTHER OXIDE TARGETS Targets based on soil sampling, rock sampling and geophysics • Six target areas of note • Additional targets include the Italian mine area, Roman’s Trench and a geophysical anomaly west of Haidee TSX-V: RVG | OTCQX: RVLGF 12
Slide 13: Beartrack
BEARTRACK Joss Target TSX-V: RVG | OTCQX: RVLGF 13
Slide 14: Beartrack Trend – Over 5 km
BEARTRACK TREND – OVER 5 KM TSX-V: RVG | OTCQX: RVLGF 14
Slide 15: Joss to South Pit Trend
JOSS TO SOUTH PIT TREND Joss Zone South Pit Zone S N 2 kms open open open open open Elv (ft) Grade (g/t Au) TSX-V: RVG | OTCQX: RVLGF 15
Slide 16: Joss Target
JOSS TARGET High-grade intersections in all 20 holes to-date1 • 1 km strike, 500 m vertical, high-grade core, broad zone of surrounding mineralization Average Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 45.5 2.8 Incl. High-Grade Domain 5.50 7.7 Arithmetic averages. TSX-V: RVG | OTCQX: RVL
Slide 17: Joss Target
JOSS TARGET 2022 drilling extends depth and scope Note: (1) see Revival Gold December 2nd, 2021 and September TSX-V: RVG 22nd|, 2022 press RVLGF OTCQX: releases for further details. 17
Slide 18: Joss Target – BT21-240D
JOSS TARGET – BT21-240D 3 • Photo depicts 18.9 g/t gold over 5.3 m within 4.34 g/t gold over 110.6 m1 2 1 1.5 m @ 12.0 g/t gold 2 1.2 m @ 28.9 g/t gold 3 1.1 m @ 12.8 g/t gold 4 1.5 m @ 22.3 g/t gold 4 1See Revival Gold December 2 nd, 2021 press release for detailed results. 1 PCSZ with high grade q
Slide 19: Joss Target – BT22-242D
JOSS TARGET – BT22-242D •Photo depicts 16.6 g/t gold over 4.5 meters within 3.5 g/t gold over 115.4 meters1 1 2 1 1.4 m @ 12.8 g/t Au 2 1.2 m @ 14.8 g/t Au 3 1.1 m @ 18.8 g/t Au 4 0.8 m @ 22.9 g/t Au 3 4 1See Revival Gold September 22, 2022 press release for detailed results PCSZ with high grade qua
Slide 20: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL Less than $5/ounce discovery cost to-date 2018 2020 2022 250 meters Notes: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above 0.20 g/t gold. See Revival Gold May 16th, 2022, press release and NI- TSX-V: RVG | OTCQX: RVLGF 4
Slide 21: Orogenic Gold Deposits
OROGENIC GOLD DEPOSITS Key Features: (1) large, (2) significant vertical extent, (3) consistent mineralogy • Canadian Malartic (Canada) • Kittila (Finland) • UG – 5.5 MM oz Au at 4.7 g/t Au (historical) • UG – 4.1 MM oz at 4.16 g/t Au (P&P) • OP – 6.4 MM oz at 0.98 g/t Au • Macraes (NZ) • Natalka (R
Slide 22: Kittila – Project Analogue?
KITTILA – PROJECT ANALOGUE? Beartrack Kittilä • Kittilä is Europe’s largest primary gold producer • Comparison to Beartrack: • Mineralization over +/5km trend, more complex geometry • Orogenic deposit, initially 1 mtpa, currently 2 mtpa u/g • Similar mill process, but with extra float step for Carbo
Slide 23: ESG Snapshot
ESG SNAPSHOT Z Revival Gold Metrics • Committed to the safety and protection of our • Zero 2022 LTI people, the communities and the environment • Built/operated within which we work numerous mines • Experienced management team • Independent Chair • Strong governance & Board, fully disclosed policies
Slide 24: Team
TEAM A veteran gold team that has a track record of delivering for investors Hugh Agro John Meyer Lisa Ross President & CEO VP Eng. & Devlp. VP and CFO B.Sc., MBA, P.Eng. (Non- and President, Revival B.Comm., CPA, CA Practising) Gold (Idaho) Inc. Accounting and finance Mining engineer and B.Sc. (Civ
Slide 25: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Basic Shares 91.9 M Street Research OTCQX: RVLGF Fully-Diluted Shares 108.4 M Average Target Price Supports Significant Re-Rate Share Price (Apr. 28th, 2023) C$0.57 4% 11% PAAS 52 Week High/Low C$0.87/0.38 Mngmt & Approx. Avg. Daily Vol. +/-140,000 Advisors Basic Market Cap C$52 M 42% Cash
Slide 26: Building Value
BUILDING VALUE Heap Leach Material Sulphide Material (advancing to cash flow) (world class future growth potential) How? • Haidee and HL + U/G & O/P Mill $ NPV ($ MM) other oxide Scenario targets • Optimization HL + U/G Mill Scenario $ How? • Strike Heap expansion Heap Leach $ How? • Joss & SP u/g t
Slide 27: Timeline
TIMELINE 2022 2023 2024 -26 FS & Heap Leach Heap Leach PFS Restart (target 65-70 koz/yr) BEARTRACK- ARNETT Heap Leach Environmental & Permit Planning Open Pit Oxide Exploration Mill Phase PEA High Grade Sulphide Exploration (target >200 koz/yr) 27 CORPORATE DEVELOPMENT Assessing Complementary Strate
Slide 28: Revival Gold Inc.
REVIVAL GOLD INC. STRONG ADVANCING TOWARD CATALYTIC FOUNDATION… PRODUCTION… OPPORTUNITY… • Beartrack mine was the • C$3.2 million cash1 • Ongoing exploration, high- largest past gold producer • Proven technical and grade targets in Idaho operating team • Systematic de-risking • Significant “head sta
Slide 29: Revival Gold Inc. Contact
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO MELISA ARMAND | Investor Relations info@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF 29
Slide 30: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 30
Slide 31: Relative Value
RELATIVE VALUE Revival Gold Revival Gold trades at half the valuation with higher project grade than many peers Notes: 1 Fuse Advisors Inc., sourced from S&P Database, March 2023 2RBC July 2021 Report TSX-V: RVG | OTCQX: RVLGF 31
Slide 32: Board
BOARD Wayne Hubert Hugh Agro Don Birak Rob Chausse Non-Exec Chairman President & CEO Director Director B.Sc. (Chemical B.Sc. (Mining Engineering), B.Sc., M.Sc. (Geology) B.Comm., CA Engineering), MBA MBA, P.Eng. Former SVP, Coeur CFO, New Gold Inc. Former CEO of Andean Mining engineer and Mining and
Slide 33: Property Agreements
PROPERTY AGREEMENTS Beartrack: Key terms with subsidiary of Yamana Gold (now Pan American) announced September 7th, 2017 (as amended and restated August 30th, 2022) • 1 MM shares and US$250,000 paid on announcement; further 3 MM shares to be paid over four years (all have now been issued) • US$15.0
Slide 34: Favourable Metallurgy
FAVOURABLE METALLURGY1,2 Oxide/Heap Leach Material • Beartrack previously operated as a heap leach mine • Processed at an average rate of 12,000 tpd of heap leach material with a 2-stage crush to minus 2-inch size • Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold).
Slide 35: 2022 Mineral Resource
2022 MINERAL RESOURCE* Tonnes Gold Grade Contained Gold Mineral Resource Category (‘000) (g/t Au) Ounces (‘000) Indicated (Heap Leach)5 Beartrack – open pit 14,819 0.59 283 Arnett – open pit 5,719 0.59 109 Indicated (Mill) Beartrack – open pit 44,418 1.20 1,719 Beartrack – underground - - - Total In
Slide 36: 2022 Mineral Resource Parameters
2022 MINERAL RESOURCE PARAMETERS* Parameter Units Value Reflects updated unit General Parameters costs for today’s Base Case Gold Price Open Pit Mining Cost – Beartrack US$/ounce gold US$/tonne mined $1,800 $1.89 inflationary Open Pit Mining Cost - Arnett Underground Mining Cost US$/tonne mined US$/
Slide 37: 2022 Mineral Resource Statistics
2022 MINERAL RESOURCE STATISTICS* Drill Hole Data Beartrack (core & RC holes) Arnett (only core holes used) Number Meters Number Meters Pre-2012 (Meridian) 481 64,835 11 1,337 2012 – 2022 (Yamana & RVG) 68 28,262 84 13,517 Total 567 93,097 84 13,517 … includes core holes 241 56,348 84 13,517 … of wh
Slide 38: South Pit and North Pit Zone X-Sections
SOUTH PIT AND NORTH PIT ZONE X-SECTIONS Note: See Revival Gold NI- 43-101 Technical Report dated July 13th, 2022, for further details . TSX-V: RVG | OTCQX: RVLGF 38
Slide 39: Joss Zone X-Sections
JOSS ZONE X-SECTIONS Note: See Revival Gold NI-43-101 Technical Report dated July 13th, 2022, December 2nd, 2021 and September 22nd, 2022 press TSX-V:releases RVGfor further details. | OTCQX: RVLGF 39
Slide 40: Revival Gold Inc. Contact
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO MELISA ARMAND | Investor Relations info@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF 40