Slide 1: A Golden Opportunity – On the Road to Pre-feasibility
A Golden Opportunity – On the Road to Pre-feasibility Corporate Presentation June 2022 TSX-V: RK TSX-V:RK OTC:RKHNF
Slide 2: Forward Looking Statements
• This presentation contains forward-looking information. Forward looking information contained in this presentation includes, FORWARD but is not limited to, statements with respect to the estimation of inferred and indicated resources, the success of exploration programs and the results of the Klaz
Slide 3: Additional Information
ADDITIONAL INFORMATION • Rockhaven’s website (www.rockhavenresources.com) includes the most recent technical report, a full compilation of all significant drill assays, over 100 drill core images with corresponding assays, assay histograms plotted on cross sections from drilling across the property,
Slide 4: Corporate Summary
CORPORATE SHARES OUTSTANDING: 223,036,470 SUMMARY SHARES FULLY DILUTED: 276,017,729 MARKET CAPITALIZATION: C$23,000,000 Management / Directors WORKING CAPITAL: ~C$1,200,000 Matt A. Turner, B.Sc. President, CEO and Director CORPORATE DEBT: NONE Manuel Estrada, B.Sc. COO Daniel Martino, CPA, CA CFO RO
Slide 5: Technical Committee and Consultants
Technical Committee TECHNICAL COMMITTEE AND CONSULTANTS Stephen Quin 40 years experience in the mining and exploration industry, including at the Minto Mine, the closest located mine to Klaza Randall Thompson Three decades on teams building and operating open pit and underground mining operations in
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS • Camp-scale, high grade gold and silver deposit in southern Yukon • Klaza deposit is 100% owned, road accessible and royalty free • The 2020 Klaza PEA returned a Post-Tax NPV(5%) of C$378 million and an IRR of 37% ($1,450/oz Au & $17/oz Ag) • 2022 work will focus on increasing
Slide 7: Mining Friendly Jurisdiction
MINING FRIENDLY 2015 EBA Signing Ceremony - Former LSCFN Chief (now Director of Land and Resources for LSCFN) Eric Fairclough with Rockhaven’s CEO Matt Turner JURISDICTION • The Klaza Deposit lies within the Traditional Territory of the Little Salmon Carmacks First Nation (LSCFN) • The Yukon has a l
Slide 8: Northern Cordilleran Gold Province
8 NORTHERN CORDILLERAN • Senior gold producers very active in the GOLD PROVINCE Northern Cordilleran Gold Province • Klaza is the most accessible advanced gold deposit within the prolific Dawson Gold Belt The Minto Mine, owned and operated by Minto Metals Corp. (inset photo), is located 50 km north
Slide 9: The Yukon's Recent Mining Highlights
The Yukon’s Recent Mining Highlights • July 2020 – Victoria Gold Corp. declares commercial production at Eagle Gold Mine • May 2021 – Rio Tinto invests C$25.6M in Casino Deposit • Nov 2021 – Carmacks Bypass Road contract awarded, part of Resource Gateway $468 m Federal/Territorial project • Jan 2022
Slide 10: A Great Location for a Future Mine
A GREAT LOCATION FOR A FUTURE MINE Aerial view looking north at the Klaza Deposit and surrounding exploration area • Brownfield site in the Mt. Nansen Mining Camp • Klaza is road accessible only 3.5 hr drive from Whitehorse • Baseline environmental studies have been done around the deposit since 201
Slide 11: A Great Location for a Future Mine
A GREAT LOCATION FOR A FUTURE MINE Central Klaza Zone Aerial view looking north at the Klaza Deposit and surrounding exploration area TSX-V:RK OTC:RKHNF 11
Slide 12: Klaza – A High-Grade Gold & Silver Epithermal Deposit
KLAZA – A HIGH- GRADE GOLD & SILVER EPITHERMAL DEPOSIT • 14 high-grade gold and silver zones discovered at Klaza to date • The camp-scale vein system spans an 8 km by 10 km area • Deposits start at surface, extend up to 450 m down-dip and remain open to depth • Good potential for resource expansion
Slide 13: Klaza Deposit Mineral Resources & Block Model
KLAZA DEPOSIT MINERAL RESOURCES & BLOCK MODEL 1 Central Klaza Central Klaza: 325 m below surface 6.7 m grading 11.9 g/t Au Central Klaza: 450 m below surface 2.0 m grading 3.2 g/t Au and 43 g/t Ag Western Klaza: 250 m below surface 1.5 m grading 15.4 g/t Au and 741 g/t Ag Deepest Drill Intersection
Slide 14: Low Discovery Costs
With road access and gentle terrain, the discovery costs LOW DISCOVERY at Klaza are significantly lower than our peers COSTS • The industry-wide average discovery cost per ounce gold during the period 2009-2018 has been estimated to be $62/ounce1 and these costs are likely still rising • The cost/ou
Slide 15: 2021 Exploration Highlights
2021 • Successful Exploration – 2021 drilling identified significant near-surface mineralization EXPLORATION within areas designated as waste blocks in the 2020 PEA, and outlined new targets outside of the deposit area HIGHLIGHTS • Advanced Metallurgy – Samples collected for Pre-feasibility level te
Slide 16: Rusk Zone
RUSK ZONE • Rusk Zone – Potential near surface, open-pittable mineralization within a large multi-element soil anomaly Rockhaven’s President and CEO Matt Turner inspects the first veins from drilling at the Rusk Target in August 2020. TSX-V:RK OTC:RKHNF 16
Slide 17: 2020 PEA Highlights
2020 PEA HIGHLIGHTS • NPV(5%) – After-tax C$378 m & Pre-tax C$529 million ($1450 gold, $17 silver, CAD:USD 0.72) • IRR – 37% After-tax & 45% Pre-tax • Leverage to $1,740 gold – After-tax NPV(5%) of C$540 million and IRR of 49% • Opex – LOM cash costs of $613/oz AuEq* AISC of $875/oz AuEQ* • Initial
Slide 18: Investment Thesis: Market Capitalization
• Gold Juniors trade at ~$49/oz AuEQ (M&I+I)1; Rockhaven currently trades at INVESTMENT ~$15/oz gold and ~$11/oz AuEQ (I+I) THESIS • Based on the 2020 Klaza PEA, Rockhaven’s P/NAV equates to 4% versus an average of 18.2% in Sept 2021 for other Canadian gold Juniors with PEAs 2 • In Sept 2021, P/NAV
Slide 19: 2022/23 Plan & Timeline
Rockhaven’s highly experienced technical team recommends the following plan for 2022/23: 2022/23 PLAN • ~20,000 m diamond drill program planned to infill and expand resources, maximizing the value of indicated resources; & TIMELINE • Advanced metallurgical testing, including a comprehensive evaluati
Slide 20: Appendices
APPENDICES Klaza camp in autumn View of core stacks at Klaza (~120,000 m in 561 holes) Photo Credit: Mason Pritchett TSX-V:RK OTC:RKHNF 20
Slide 21: 2020 PEA Details
2020 PEA • Study completed by AMC Mining Consultants (Canada) Ltd. (mineral resource, mining, infrastructure and financial analysis), Blue Coast Metallurgy Ltd. (metallurgy and processing) and Knight Piesold Ltd DETAILS (tailings). • Combined Open Pit (contractor) & UG (owner-operator) mine with a 1
Slide 22: Klaza 2020 PEA Surface Overview
KLAZA 2020 PEA SURFACE OVERVIEW BRX Western BRX Portal Mill Area KLAZA Tailings Storage Open Pits: 1.2 Mt mined containing approximately: 90,000 oz gold, 1.3 Moz silver, 11.1 Mlbs Investors should be cautioned that the preliminary economic assessment (PEA) is preliminary in nature, that it includes
Slide 23: Klaza 2020 PEA Mine Plan
KLAZA 2020 PEA MINE PLAN Open Pits: 1.2 Mt mined containing approximately: 90,000 oz gold, 1.3 Moz silver, 11.1 Mlbs lead, and 18.1 Mlbs zinc Central BRX UG, 1.3 Mt mined containing approximately: 69,000 oz gold, 4.0 Moz silver, 25.6 Mlbs lead, and 26.4 Mlbs zinc Western BRX UG, 2.4Mt mined containi
Slide 24: Simplified Processing Flow Sheet
SIMPLIFIED PROCESSING FLOW SHEET Lead Acacia Leach (1.1% Mass Pull) Crushing & Grinding 59.8% Pb 60% Pb 1,900 tpd 5,957 g/t Ag 4,815 g/t Ag • High recovery of all metals 129.9 g/t Au 15.7 g/t Au Sequential Flotation to three separate Zinc 95% Au Recovery concentrates (2.2% Mass Pull) 86% to Doré • A
Slide 25: 2020 PEA Post-Tax Sensitivities
2020 PEA POST-TAX SENSITIVITIES Post-Tax Sensitivities -20% Base Case +20% Variable Unit Value NPV IRR Value NPV IRR Value NPV IRR Gold US$/oz $1,160 $211 24% $1,450 $1,740 $540 49% Silver US$/oz $13.60 $343 35% $17.00 $378 37% $20.40 $407 39% Mining Cost $/t $44.1 $417 39% $55.14 $66.2 $334 34% Pro
Slide 26: Klaza Project Mineral Resource Estimate
KLAZA PROJECT MINERAL RESOURCE ESTIMATE Klaza Property - Total Indicated and Inferred Mineral Resource Estimate Summary1 Grade Contained Metal Category Tonnes Au Ag Pb Zn Au EQ4 Au Ag Pb Zn Au EQ4 (kt) (g/t) (g/t) (%) (%) (g/t) (koz) (koz) (klb) (klb) (koz) Indicated5 Pit- Constrained2,3 2,447 5.3 9
Slide 27: 2021 Exploration Program
2021 EXPLORATION PROGRAM 2021 Excavator Trenching at Rusk TSX-V:RK OTC:RKHNF 27
Slide 28: Western BRX Zone
WESTERN BRX ZONE • Western BRX Zone is the most significant mineralized zone discovered to date at Klaza • Ten holes completed in 2021 focused on continued in-fill drilling 2021 Diamond Drilling at the Western BRX Zone Please see Rockhaven Press Release dated February 7th, 2022 for the most recent r
Slide 29: Density Comparison
Granodiorite Density DENSITY COMPARISON 2.77 g/cm3 Highly Silicified Granodiorite Density 2.81 g/cm3 Massive Sulphide Density { 4.36 g/cm3 } Vein sample returned 21.5 g/t gold, 323 g/t silver, 1.3% lead and 2.05% zinc over 1.47 m Intervals represent the diamond drill hole sample length. True widths
Slide 30: Eastern Zones Exploration
EASTERN ZONES EXPLORATION EASTERN ZONES Looking Northwest EASTERN ZONES • The Eastern Zones are not in the current Klaza mineral resource estimate • Represents an open pit target Surface Trace of Klaza suitable to ore sorting Resources Klaza Camp • Cyanidation test work of run-of- mine material retu
Slide 31: Eastern Zones – Ore Sorting
EASTERN ZONES – ORE SORTING • The Eastern Zones showed significant upgrading through dense media sorting, with average gold grade increasing from 1.88 g/t gold to 5.01 g/t gold Dense Media Sorting Results from Eastern Zones Head Grade Mass Pre-Concentrate Grade Recovery (%) Au Pb Zn S Au Pb Zn S Au