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 March 2018
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information This information is qualified in its entirety by cautionary statements and risk This document contains certain forward-looking statements or “forward factor disclosure contained in filings made by the Company, including the l
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) (as at 30 November 2017 unless • Historical production 350kozs despite poor understanding stated otherwise) of geological con
Slide 4: Unlocking the Potential of Our Assets
UNLOCKING THE POTENTIAL OF OUR ASSETS COMMITTED TO DELIVERING EXCEPTIONAL SHAREHOLDER RETURNS 2016 – Acquisition • Bottom of cycle, low cost acquisition • Early mover advantage in Finland (ranked #1 by Fraser Institute in 2017(1) ) • Near term production potential 2017 and 2018 – Exploration and pro
Slide 5: 12 Month Progress Report
12 MONTH PROGRESS REPORT ESTABLISHING PAHTAVAARA AND DEMONSTRATING REGIONAL POTENTIAL Resource development • 300,000m of historic diamond drilling validated and in acQuire database • New geological model has identified number of significant new zones in old workings • Updated NI 43-101 resource expe
Slide 6: Acquisition of Northern Aspect Resources Ltd
ACQUISITION OF NORTHERN ASPECT RESOURCES LTD 100% OWNERSHIP IN LOW RISK, MINING FRIENDLY JURISDICTIONS Newco Parent / Rupert Resources Ltd Rupert Finland Oy Northern Aspect Gold Centre Project, Surf Inlet Project, BC Resources Ltd Red Lake Pahtavaara Project Northern Aspect Oy BRGold Oy Hirvilanma P
Slide 7: Mining in Finland
MINING IN FINLAND NEW GENERATION OF LARGER PROJECTS BEING DEVELOPED IN LAPLAND Commercial gold mining is new in Finland Gold mines 1. Kittila (Agnico Eagle) • State owned mining company Outokumpu previously 2. Pahtavaara (Rupert) focussed on base metals 3. Laiva (Nordic Mines) 4. Pampalo (Endomines)
Slide 8: 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 • 8Moz resource 70% • 350 koz pro
Slide 9: The Pahtavaara Project
THE PAHTAVAARA PROJECT ESTIMATED REPLACEMENT VALUE OF USD120MLN (1) 2 1 3 4 1 1500tpd mill 2 Tailings pond 3 Open pit 4 30,000m of UG development FIRST WORLD INFRASTRUCTURE, LOW HISTORIC OPERATING COSTS (1) Refer to page 1, forward looking “Cautionary Statement”. 9
Slide 10: Reappraisal of Existing Drill Data
REAPPRAISAL OF EXISTING DRILL DATA PREVIOUS WORK COULD HAVE 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 an
Slide 11: Plan View of New Resource Model
PLAN VIEW OF NEW RESOURCE MODEL NEW DRILLING AND REINTERPRETATION EXPANDING MINERALISED ZONES
Slide 12: Long Section – Mineralization Potential
LONG SECTION – MINERALIZATION POTENTIAL POTENTIAL TO INCREASE YIELD ABOVE HISTORICAL 1000OZ/VM KAROLIINA WEST KAROLIINA EAST LANSI HARPOON DB NFE SAMURAI SAMURAI DEEPS MINERALISATION AT DEPTH, IN WORKINGS AND ALONG STRIKE 12
Slide 13: Geological History of Pahtavaara
GEOLOGICAL HISTORY OF PAHTAVAARA AT LEAST TWO STAGES OF GOLD ENRICHMENT IDENTIFIED 13
Slide 14: Geological Model
GEOLOGICAL MODEL A LOW SULPHIDATION STRUCTURALLY CONTROLLED DEPOSIT Similar characteristics to major deposits in Abitibi, Canada and Yilgarn, Western Australia • Polyphase quartz-carbonate veining, multiple deformation phases both brittle and ductile • Intense alteration evolving over prolonged time
Slide 15: Updated Structural Interpretation
UPDATED STRUCTURAL INTERPRETATION NEW UNDERSTANDING TO IMPROVE FUTURE DRILL TARGETING Competent carbonate- silica -magnetite lithology that has been preferentially fractured
Slide 16: Cross Section of New Zones
CROSS SECTION OF NEW ZONES NFE ZONE / SAMURAI DEEPS / T-ZONE / HARPOON 16
Slide 17: Plan View at -40 Level
PLAN VIEW AT -40 LEVEL UNMINED MINERALISATION CLOSE TO EXISTING INFRASTRUCTURE 17
Slide 18: Plan View at -115 Level
PLAN VIEW AT -115 LEVEL MAJOR UNDERGROUND SAMPLING PROGRAM UNDERWAY 18
Slide 19: Near Mine Exploration Targets - Gold
NEAR MINE EXPLORATION TARGETS - GOLD MICROPANNING OF 2017 SOIL SAMPLES HAS IDENTIFIED NEW ANOMALIES • Panning has detected extensive fine grained gold in till • Possibly related to a proximal source • Up to 800 grains recorded (10x more than known mineralisation) Insert micropanning map. 19
Slide 20: Near Mine Exploration Targets – Base Metals
NEAR MINE EXPLORATION TARGETS – BASE METALS PROMISING INITIAL RESULTS FROM 3,468M EXPLORATION CAMPAIGN • Liikamaa target identified potential for disseminated and structurally controlled base metal sulphides. • 2018 fieldwork program to follow-up Drill core from hole dh 117130 Intersection 29m @ 0.2
Slide 21: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS UTILISING EXTENSIVE HISTORICAL DATA PACKAGE Historic data package • GTK base of till sampling • Airborne Geophysics • 27km of IP geophysics • Near mine ground mag • 300km of diamond drilling RUP exploration 2017 • 1012 ionic leach samples • 172 geochem. samples • 200+ ro
Slide 22: Geophysics – UAV Magnetics Survey
GEOPHYSICS – UAV MAGNETICS SURVEY UTILISING THE LATEST TECHNIQUES TO ACCELERATE EXPLORATION • Rupert has partnered with a Finnish company to trial drone mounted geophysical surveys • Results are close in quality to ground magnetics and far improved over GTK airborne survey • Low cost – 10% heliborne
Slide 23: Exploration Potential
EXPLORATION POTENTIAL REGIONAL GEOLOGICAL SETTING WITH POTENTIAL TO HOST MULTIPLE DEPOSITS 23
Slide 24: About Northern Aspect Resources
ABOUT NORTHERN ASPECT RESOURCES TWO ADVANCED STAGE EXPLORATION ASSETS Hirsikangas • Palaeoproterozoic orogenic gold deposit on 30km of Ruhanperä crustal scale shear zone • Only 1.2km of strike drilled at shallow levels, open down dip and along strike in both directions • Claims & Reservations coveri
Slide 25: Hirsikangas, Central Finland
HIRSIKANGAS, CENTRAL FINLAND RESOURCE CONTAINED ON 1.2KM OF 32KM CRUSTAL SHEAR ZONE Regional setting • Palaeoproterozoic orogenic gold deposit on Northern Aspect 30km of Ruhanperä crustal scale shear zone extended claim area • Only 1.2km of strike drilled at shallow levels, open down dip and along s
Slide 26: Hirsikangas – Geological Setting
HIRSIKANGAS – GEOLOGICAL SETTING POTENTIAL PARALLEL MINERALISATION & ALONG STRIKE EXTENSION Historical drill holes of known orebody and Airborne EM showing the extension of the host potential parallel structure structure and anomalous boulders at Hanni target 26
Slide 27: Osikonmaki, Central Finland
OSIKONMAKI, CENTRAL FINLAND LOCATED ON CRUSTAL SCALE DEFORMATION ZONE Regional setting • Located in eastern central Finland, 40km south of Outokumpu • Shear zone hosted gold deposit in the northwest trending crustal scale Ladoga-Bothnian deformation zone • Deposit model is epigenetic intrusion relat
Slide 28: Osikonmaki Potential Upside
OSIKONMAKI POTENTIAL UPSIDE Historical data and potential upside • >20,000M of historical drilling, IP & Magnetic Geophysics, base of till geochemical sampling • Boulder data suggests extension at western edge of property • IP Geophysics shows further potential to south of current drilling 28
Slide 29: Gold Centre - Red Lake, Ontario
GOLD CENTRE - RED LAKE, ONTARIO STRATEGIC 256 HECTARE LAND POSITION IN THE 23MOZ RED LAKE GOLD CAMP Rupert Resources has a portfolio of strategic licenses. The Gold Centre, Red Lake property is 100% owned, prior exploration has demonstrated the continuation of the Balmer formation. Map sourced from
Slide 30: Gold Centre Status and Strategy
GOLD CENTRE STATUS AND STRATEGY POTENTIAL TO JOINT VENTURE TO ACCELERATE DEVELOPMENT • Balmer mafic metavolcanics identified in drill core and on surface • Discovery of the Far East Zone by Goldcorp has provided further support that the southwest dipping Red Lake Mine trend potentially extends throu
Slide 31: Outlook
OUTLOOK REALISING THE POTENTIAL OF OUR ASSETS Pahtavaara • Updated resource for Pahtavaara (end June 2018) • New drilling based on revised geological model in mine areas • Economic study on known resources with a leading engineering firm • Licence wide exploration programs aiming to identify the nex
Slide 32: Appendix
> RUPERT APPENDIX %? RESOURCES
Slide 33: Leadership
LEADERSHIP EXPERIENCED MANAGEMENT TEAM LEADING THE COMPANY Brian Hinchcliffe - Executive Chairman James Withall - Chief Executive Officer Brian was co-founder of Kirkland Lake Gold and Rambler James has over 20 years’ experience in mining. He was Metals and Mining, producing mines in Ontario and pre
Slide 34: Significant Results from Drilling
SIGNIFICANT RESULTS FROM DRILLING Karoliina Harpoon • Western extension of deposit, mineralisation close • 20m from existing infrastructure with possible to existing infrastructure open pit pushback on near surface projection • Intersections include: 116005 - 32g/t over 5m, • Intersections include:
Slide 35: A Fully Established Mining Project
A FULLY ESTABLISHED MINING PROJECT Fully Established Underground Mine • 30km of 5m x 5m development • Mechanised long hole mining method used • Good ground conditions • Mining contractor has prepared for future operation • Dewatering upgrade underway 500ktpa Processing Plant and Tailings Facility •
Slide 36: 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 36