Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (December 2021)
40 slides from Revival Gold's investor presentation, December 2021
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation December 2021 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: Revival Gold Inc. – A growth company in gold
REVIVAL GOLD INC. A growth company in gold • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA • Key project advantages: • Jurisdiction – Top-10 in the world • Infrastructure – roads, power, gold processing facility • 1st phase PEA economics – low capex, high return • Exploration res
Slide 4: 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 • 27 M ounce endowment of undeveloped gold3 Source: (1) World Gold Council ; (2) Fraser Institute 2020 Survey of Investment Attractive
Slide 5: 1st Phase Project
1st PHASE PROJECT Open Pit Heap Leach Restart • Key PEA metrics1 • $100 M capex to produce 72,000 oz/yr over 7 yrs with $1,057/oz AISC • $150 M after-tax NPV5% , 38% after-tax IRR at $1,750 per oz Au • Est. $50 M/yr avg. free cash flow • Brownfield site – low technical and permitting risk • Deposit
Slide 6: Site Layout
SITE LAYOUT Beartrack Pits Haidee Pit Leach Pads 2,000 ft Plant Site TSX-V: RVG | OTCQX: RVLGF 6
Slide 7: Infrastructure Head Start
INFRASTRUCTURE HEAD START Carbon Friendly Grid Power Gold Production Facility TSX-V: RVG | OTCQX: RVLGF 7
Slide 8: Next Steps
NEXT STEPS Value-add work programs underway • Column Tests – investigating heap leach characteristics to improve recovery/economics • Engineering Fieldwork – geotechnical and hydrological to improve Haidee pit configuration • Optimization Studies – improvements to optimize capital, mine life and pro
Slide 9: Target Rich Land Position
TARGET RICH LAND POSITION 5,800 hectares, 100% control 1.90 g/t over 21 m and 1.95 g/t Au over 18 meters in historical RC holes 4-11 g/t Au over 1-5 meters true thickness 2 km diameter, shallow in 18 holes over 1 km 71 g/t Au over magnetic high at Haidee strike 9.8 m at Ward’s Gulch +5km tend drille
Slide 10: Haidee Zone
HAIDEE ZONE Opportunity to expand/optimize 1st Phase HL PEA • 2021 expansion and infill drill program • Including 4 Geotech holes • Assay results from 7 remaining drill holes pending • Open in all directions TSX-V: RVG | OTCQX: RVLGF 10
Slide 11: Beartrack Trend – Over 5 km (3.5 miles)
BEARTRACK TREND – OVER 5 KM (3.5 MILES) 1 km trend with high-grades & 1.5 g/t gold in the open pit underground gold potential Indicated Mill Resource open open open open open Including 5 km (3.5 miles) of known mineralized strike OPEN north and south TSX-V: RVG | OTCQX: RVLGF 11
Slide 12: Joss to South Pit
JOSS TO SOUTH PIT Joss Zone South Pit Zone 2 kms open open open open open Elv (ft) Grade (g/t Au) TSX-V: RVG | OTCQX: RVLGF 12
Slide 13: Joss Target
JOSS TARGET High-grade intersections in 18 holes to-date1 • 1 km strike, 4-11 g/t Au, 1-5 m true thickness with broad zone of surrounding mineralization Avg Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 40.7 2.70 HG Domain 4.8 7.34 TSX-V: RVG | OTCQX: RVLGF See Revival Gold March 1st, 2021,
Slide 14: Joss Target – Long Section
JOSS TARGET - LONG SECTION BT21-240D 12 g/t Au over 13.7 m & 8.8 g/t Au over 11.8 m Average Intercept Drilled Grade Width (m) (g/t Au) Bulk Domain 40.7 2.70 HG Domain 4.8 7.34 See Revival Gold December 2nd, 2021 press releases for further details. TSX-V: RVG | OTCQX: RVLGF 14
Slide 15: 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) • 4.1 MM oz at 4.16 g/t Au (P&P) • OP – 6.4 MM oz at 0.98 g/t Au • Macreas (NZ)) • Natalka (Russi
Slide 16: ESG Snapshot
ESG SNAPSHOT Z Metrics Revival Gold • Committed to the safety and protection of our • Zero LTI 2021 YTD people, the communities and the environment • Built/operated numerous within which we work mines • Experienced management team • Independent Chair • Strong governance & Board, fully disclosed poli
Slide 17: TSXV: RVG OTCQX: RVLGF
TSXV: RVG Street Research OTCQX: RVLGF Average Target Price Supports Significant Re-Rate 6% Yamana 11% Basic Shares 71.4 M Management Fully-Diluted Shares 86.9 M 39% Share Price (10th Dec. ‘21) $0.62 Institutional* 52 Week High/Low C$0.90/0.55 21% Retail Avg. Daily Vol. 90,000 Basic Market Cap C$44
Slide 18: Path to Value Creation
PATH TO VALUE CREATION Potential Heap Leach + Mill Scenario NPV Potential Enhanced Inflection Heap Leach Scenario Point Current Resource Immediate Targets • Joss U/G Heap Leach • Haidee Additions PEA Optimization and • Roman’s Trench Exploration 1 2 3 4 Ounces Gold in Mine Plan (MM) TSX-V: RVG | OTC
Slide 19: Timeline
TIMELINE 2021 2022 2023 -26 Exploration & Infill Drilling BEARTRACK- Engineering 19 field work, met tests 19 ARNETT Environmental Planning, Drill Permitting HL Phase Re-Start Resource Update Heap Leach PFS (>70 koz/yr) Potential Mill Ongoing Exploration + 5km Trend Phase PEA (>200 koz/yr) CORPORATE
Slide 20: Revival Gold Inc.
REVIVAL GOLD INC. STRONG ADVANCING TOWARD CATALYTIC FOUNDATION… PRODUCTION… OPPORTUNITY… • Largest past producer in • Est. C$3 million cash1 • Ongoing exploration, Idaho • Near-term 72,000 oz/yr open exciting high-grade results • Significant “head start” pit heap leach in US • At an inflection point
Slide 21: Revival Gold Inc.
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 HUGH AGRO | President & CEO MELISA ARMAND | Investor Relations info@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF 21
Slide 22: Appendix
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Slide 23: Relative Value
RELATIVE VALUE Peer Companies Ranked by Market Cap/oz AuEq Resource1 100 2 Beartrack-Arnett … excellent 90 grade, 100% gold, compelling value 80 Market Cap US$ / AuEq oz Total Resource 1.5 70 M&I Grade g/t EqAu Jr Gold M&A Historical Average US$59/oz2 60 50 1 Peer Average US$40/oz 40 30 0.5 20 10 0
Slide 24: A World Class Opportunity
A WORLD CLASS OPPORTUNITY Beartrack-Arnett – Key Attributes1 • Large orogenic gold system, +5 km strike, open, 5,800 ha land position • Idaho, USA – world’s best rated policy jurisdiction • Infrastructure, access road & hydro power to site • Near-term heap leach cash flow from mine restart • Large 2
Slide 25: Leadership
LEADERSHIP Hugh Agro Lisa Ross Steve Priesmeyer Pete Blakeley President & CEO VP and CFO VP Exploration General Manager B.Sc. (Mining Engineering), B.Comm., CPA, CA B.Sc. (Geology), M.Sc. B.Sc. (Geological MBA, P.Eng. Accounting and finance (Geology). C.P.G. Engineering) Mining engineer and professi
Slide 26: 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 27: 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 3 MM shares to be paid over four years (all have now been issued) • US$10.0 MM in exploration over five ye
Slide 28: 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 29: 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 30: 2020 Resource: Statistics
2020 RESOURCE: STATISTICS1 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 2012 – 2019 (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-’1
Slide 31: 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 32: HL Project Details
HL PROJECT DETAILS Modeled after prior operation • 12,000 tonnes/day open pit, heap leach operation • 0.87 g/t Au head grade, 2.7:1 strip ratio, 60% average recovery • Modular 2-stage crush to -2 inch; no agglomeration; conveyor stacking • Utilizes existing infrastructure • Permitting through NEPA p
Slide 33: 1st Phase Production Schedule
1st PHASE PRODUCTION SCHEDULE1 Potential addition of 2-3 years to mine life? Note: (1) See NI-43-101 TR dated December 17th, 2020 and Revival Gold press release dated November TSX-V: RVG | OTCQX: RVLGF 17th, 2020 for further details. 33
Slide 34: Capital Cost Summary
CAPITAL COST SUMMARY 38% of initial capital $200 per oz of production TSX-V: RVG | OTCQX: RVLGF See press release dated November 17th, 2020 and NI-43-101 TR dated December 17th, 2020 for further details. 34
Slide 35: 1st Phase Economics
1st PHASE ECONOMICS $36 million average free cash flow/year 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
Slide 36: Evolution of Beartrack Block Model
EVOLUTION OF BEARTRACK BLOCK MODEL $5/ounce discovery cost to-date 1996 with follow-up drilling 2018 with follow-up drilling +50% 2020 Notes: 3D view looking down and to the N-W; Topo surface in grey; blocks shown in red are all above 0.27 g/t TSX-V: RVG | OTCQX: RVLGF Au. See NI 43-101 TR dated Dec
Slide 37: Joss X-Sections
JOSS X-SECTIONS 180 meters between sections Significant underground tonnage potential at Joss1 • Targeting 2-3 M tonnes of narrow vein material • Targeting a further 10 to 20 M tonnes of bulk mining material Note (1): Narrow vein target assume 1 km of strike with true width of 2.5 meters and 500 met
Slide 38: Exploration Targets
EXPLORATION TARGETS North Pit & Moose Targets Haidee Roman’s Trench (21 m of 1.90 g/t Au and Target 18 m of 1.95 g/t Au1) Joss & South Pit Targets Approximate Scale 2 km Beartrack-Arnett Areas of High Gold Prospectivity Project Area (3D View) (after Mira Geoscience July 2021) Targets and mineralized
Slide 39: Joss Zone – BT21-240D
JOSS ZONE – BT21-240D 3 • Photo depicts 18.9 g/t Au over 5.3 m within 4.34 g/t Au over 110.6 m1 1 1.5 m @ 12.0 g/t Au 2 2 1.2 m @ 28.9 g/t Au 3 1.1 m @ 12.8 g/t Au 4 1.5 m @ 22.3 g/t Au 4 1See Revival Gold December 2 nd, 2021 press release for detailed results. 1 PCSZ with high grade quartz-arsenopy
Slide 40: Revival Gold Inc.
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