Rupert Resources — Investor Presentation (June 2022)
31 slides from Rupert Resources's investor presentation, June 2022
Slide 1: Rupert Lapland Project Analyst Presentation
RUPERT LAPLAND PROJECT ANALYST PRESENTATION RUP-TSXV June 2022
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information Mineral Resources and Mineral Reserves Best Practice Guidelines”. This mineral resource estimate was calculated using This document contains certain forward-looking statements or “forward looking information” within the meani
Slide 3: An "All-Weather" Discovery: High-Quality by Definition
AN “ALL-WEATHER” DISCOVERY A gold deposit with the potential for exceptional returns HIGH-QUALITY through all cycles BY DEFINITION HIGH-QUALITY OUNCES; HIGH-INVESTOR RETURNS Cohesive deposit comprised of broad intervals of strong and consistent gold mineralization – low sensitivity to varying cut- o
Slide 4: Discovered by Design
DISCOVERED BY DESIGN Strong technical understanding maximizing investment and shareholder value Science led Creating shareholder value 2 yrs systematic exploration (base of till drilling) of land package $21/resource oz of issued shareholder’s capital^~ 100% $9/resource oz success rate of drilling f
Slide 5: Systematically Unlocking Value
SYSTEMATICALLY UNLOCKING VALUE Growing a senior-size deposit and defining a new gold district 2021 2022 3.95 80,000 million ounces metres > Inferred mineral resource estimate of 49Mt at 2.5 g/t Au > Infill and extension drilling to grow Ikkari resource > From discovery to maiden resource in 1.5 year
Slide 6: Central Lapland – A New "Tier 1" Destination
CENTRAL LAPLAND – A NEW “TIER 1” DESTINATION Growing mineral inventory and established mining infrastructure Au Moz 2Mtpa mill Kittilä MT g/t CuEq % AuEq capacity AGNICO EAGLE Ikkari Inferred Resources 49.3 2.5 — 4.0 40km Pahtavaara Inferred Resources 4.6 3.3 — 0.5 Kevitsa BOLIDEN 0.5Mtpa mill capac
Slide 7: Regional Setting (GTK Geology)
REGIONAL SETTING (GTK GEOLOGY) 40% of drilling allocated on program to make further discoveries of scale on 735km2 land package 7 RUP-TSXV
Slide 8: Year-Round Drilling
YEAR-ROUND DRILLING 3x drilling completed in key winter season than previous year Drilling BoT • SIX rigs active in key 30000 1200 winter drilling season # of points (Base of Till) • Regional BoT campaign 25000 1000 to continue Drilling meters • 60% of drilling metres 20000 800 at Ikkari • 40% of dr
Slide 9: Initial Target Selection (Rupert Geology)
INITIAL TARGET SELECTION (RUPERT GEOLOGY) RUPERT LAPLAND PROJECT LOCATION OF DISCOVERIES & HIGH PRIORITY DRILL TARGETS Pahtavaara Mine & Mill AREA 1 DISCOVERIES 1 – Heinä South 2 – Heinä North 3 – Heinä Central Ikkari Discovery 4 5 – Island – Saitta 6 – Ikkari Granite Kittilä domain Pahtavaara domai
Slide 10: Identifying Drill Targets Using Base of Till Sampling
2019 IDENTIFYING DRILL TARGETS USING BASE OF TILL SAMPLING • Systematic base of till traverses • Across ‘fertile’ structural trends • Followed by targeted infill • To define drill-ready targets 2020 Au BoT anomalies (ppm) 0.02 – 0.1 0.5 – 1.0 0.1 – 0.2 1.0 – 100 0.2 – 0.5 10 10 RUP-TSXV
Slide 11: Limitations of Base of Till (As Evidenced at Ikkari)
LIMITATIONS OF BASE OF TILL (AS EVIDENCED AT IKKARI) Base of till anomaly (dark pink) plotted over plan outline of 2021 resource over drone image 11 RUP-TSXV
Slide 12: Ikkari Geology
IKKARI GEOLOGY A ‘mineralised corridor’ A’ A A’ 200m Faults Gabbro Granule-conglomerate breccia Carbonaceous shale Cataclastic breccia Breccias Felsic sediments Dolomite-siderite cemented breccia Albite-altered sediments Haematite-calcite cemented breccia Ultramafic rocks Siderite envelope 12 RUP-TS
Slide 13: Ikkari Plan View
IKKARI PLAN VIEW Winter 2021/22 drilling confirms 800m of strike on at least 40m centres See the Company’s June 6, 2022 press release for further information. In compliance with National Instrument 43- 101. Dr Charlie Seabrook, RPGeo., is the Qualified Person who supervised the preparation of the sc
Slide 14: Ikkari Recent Drilling Highlights
IKKARI RECENT DRILLING HIGHLIGHTS Long section - (drilling post September 2021 resource) PLAN VIEWS September 2021 June 2022 0 100 200 300m Downhole intercepts and contours (grams x metres) Long section shown is a 130m wide as shown on the plan map inset Downhole intercepts plotted at their mid-poin
Slide 15: Ikkari Cross-Section
IKKARI CROSS-SECTION Robust mineralisation demonstrated to at least 400m vertical 1) See the Company’s February 2, 2022 press release for further information. In compliance with National Instrument 43-101. Dr Charlie 15 RUP-TSXV Seabrook, RPGeo., is the Qualified Person who supervised the preparatio
Slide 16: Target Area 1 – Ikkari and Satellites
TARGET AREA 1 – IKKARI AND SATELLITES Agnico Eagle’s Kittilä Mine is mineralized to 2000m vertical depth Target • Orogenic gold and copper • Area 5km2 Why we like it • 4Moz Ikkari discovery – remains open at depth and along strike • At least 5 other gold occurrences • Potential for gold and base met
Slide 17: Heinä Central
HEINÄ CENTRAL 1. Located 1km north from Ikkari 2. Significant high-grade copper component 3. Open down-dip 4. Follow-up drilling in Q1 2022 17 RUP-TSXV
Slide 18: Heinä South
HEINÄ SOUTH Visible gold and associated pyrite hole #122038 (213.5m) Visible gold and associated pyrite hole #122038 (213.5m) 18 RUP-TSXV
Slide 19: Target Area 2 – Jeesio
TARGET AREA 2 – JEESIO Target • Orogenic gold and copper • Area 58.3km2 Why we like it • Similar geological setting to Ikkari • Possibly same lithologies as Ikkari host rocks (may not be as published maps suggest) • Similar interpreted regional structures • Regional gravity gradient • Completely une
Slide 20: Target Area 3 – Sikavaara
TARGET AREA 3 – SIKAVAARA Target • Orogenic gold and copper • Area 58.3km2 Why we like it • Interpreted favourable lithologies • Mapped alteration • 'Fertile' structures (cross-cutting?) Geological model • Host rocks – basin sediments • Structural complexity • Fluid flow and geochemical gradients •
Slide 21: Target Area 4 – Pahtavaara and Area 51
TARGET AREA 4 – PAHTAVAARA AND AREA 51 Target • Orogenic gold and base metals Kevitsa Mine • Area 112.5km2 Why we like it • Abundant mafic/ultramafic rocks • Interpretation of regional structures linking to Sakatti and Kevitsa • Structural complexity (fertile) Pahtavaara • Disseminated sulphides and
Slide 22: Pahtavaara - Near Mill Exploration
PAHTAVAARA - NEAR MILL EXPLORATION New extensions proximal to open pits underground infrastructure New zones discovered by Rupert Resources peripheral to original mining activity, close to surface or within the footprint of underground infrastructure and still open in multiple directions. Previously
Slide 23: Pahtavaara (T-Vein)
PAHTAVAARA (T-VEIN) Resource expansion potential to surface and within existing infrastructure New geological model on the southern margin, validated by winter drilling, highlights the potential for resource development within existing mine infrastructure and to surface. 23 RUP-TSXV
Slide 24: Target Area 5 – Kuusajärvi
TARGET AREA 5 – KUUSAJÄRVI Target • Orogenic gold and copper • Area 138.9km2 Why we like it • Structural complexity • Favourable lithologies • Mapped alteration • Very little previous exploration Geological model • Host rocks – basin sediments • Structural complexity • Fluid flow and geochemical gra
Slide 25: Development Considerations
DEVELOPMENT CONSIDERATIONS
Slide 26: Sustainability Approach
SUSTAINABILITY APPROACH POTENTIAL FOR REDUCED COST OF CAPITAL, PERMITTING TIMELINES AND COSTS • Successful strategy and implementation could expedite permitting and mitigate development risk • Opportunity to access new investors (generalists and specialist sustainability funds) • Opportunity to acce
Slide 27: Ikkari - Low Emissions, High-Margin Potential
IKKARI - LOW EMISSIONS, HIGH-MARGIN POTENTIAL GLOBAL GOLD MARKET GHG EMISSIONS > 800MW power surplus in Lapland by 2030 > Opportunity to develop a mine with CO2e well below industry average* (due to access to renewable power and processing characteristics of Ikkari material) > 220kv power transforme
Slide 28: Early Testwork Indicates Exceptional Metallurgy
EARLY TESTWORK INDICATES EXCEPTIONAL METALLURGY* Non-refractory, excellent recoveries with potential for simple low-cost flowsheet 95-98% 125 microns Acid neutralising Metallurgical recovery using yields recovery of 99.70 % to a Potential for low environmental conventional process rougher concentrat
Slide 29: De-Risking Discovery: Social, Environmental, Permitting
DE-RISKING DISCOVERY Social Environmental Permitting Engaging with communities Active environmental monitoring EIA planning commenced for Ikkari with regular information and baseline data surveys with potential timelines for permitting meetings underway at Ikkari and well understood surrounding Area
Slide 30: De-Risking Discovery: Resources, Engineering, Permitting
DE-RISKING DISCOVERY Maintaining momentum: we are focused on unlocking the full geological and economic potential of our assets Resources Engineering Permitting Infill drilling complete to allow Preliminary Economics Analysis Baseline environmental and incoporporation into PEA (“PEA”) is underway th
Slide 31: Rupert Resources
4, RUPERT <X> RESOURCES