Slide 1: Targeting multi-million ounce gold discoveries in Northern Finland
Targeting multi-million ounce gold discoveries in close proximity to a 100% owned permitted mill in OCTOBER 2020 RUP - TSXV Northern Finland
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Information April 2018 resource estimate for the Pahtavaara Project This document contains certain forward-looking statements or “forward looking The Mineral Resource estimate for the Pahtavaara Project is reported in information” within
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS “DEMONSTRATING THE GEOLOGICAL AND ECONOMIC POTENTIAL OF OUR PROJECTS” 1. Permitted, recently producing gold mine with regional exploration upside 2. Finland, a top-tier jurisdiction for mining with potential for multi-million ounce discoveries 3. CEO, James Withall is a former
Slide 4: Themes in Gold Exploration
THEMES IN GOLD EXPLORATION Investment attractiveness (by region) BEST NEW RESULTS IN THE MOST ATTRACTIVE REGION Top 30 gold intercepts in Europe since January 2019 1200 Rupert Resources g/t Au x interval (m) 1000 800 Other Finland Project 600 Other European Project 400 200 0 Investment attractivenes
Slide 5: Finland and CLGB - Recent Gold Exploration
FINLAND AND CLGB - RECENT GOLD EXPLORATION RUPERT HAS DELIVERED THE TOP SIX DRILLING INTERCEPTS (FOR GOLD) IN EUROPE Top 30 gold intercepts in Europe since January 2019 1200 1000 Rupert Resources 800 g/t Au x interval (m) Other Finland Project 600 Other European Project 400 200 0 Rajapalot Rajapalot
Slide 6: Systematic Exploration Approach
SYSTEMATIC EXPLORATION APPROACH APPROACH HAS RESULTED IN MULTIPLE NEW DISCOVERIES IN UNDER TWO YEARS Reconnaissance Resource Drill testing sampling and definition Mapping further and target geophysics generation Reserves Revised structural interpretation Resources Advance target Detailed geophysics
Slide 7: Selected Board and Management
SELECTED BOARD AND MANAGEMENT Gunnar Nilsson – Non-Executive Chairman Jeffrey Karoly – Chief Financial Officer Gunnar Nilsson was appointed as Non-Executive Chairman in June 2018. Jeffrey is a Chartered Accountant with a degree in Geology from the Gunnar has over 30 years experience of developing an
Slide 8: Capital Structure
CAPITAL STRUCTURE 3.50 Capital Structure Shares on Issue 164,420,761 3.00 Gold price (USD/troy oz) Relative Performance (12 months) Rupert Resources share price (RUP - TSXV) Options 11,355,000 2.50 VanEck Junior Gold Miners ETF (GDXJ) AEM warrants (at CAD 1.00/shr) 11,543,704 2.00 Fully Diluted Shar
Slide 9: Strategic Land Position
STRATEGIC LAND POSITION RUPERT CONTROLS 325KM2 ALONG A MAJOR REGIONAL STRUCTURE AND OWNS 100% OF ONE OF TWO PERMITTED GOLD MILLS IN THE REGION KITTILÄ MILL (2MTPA CAPACITY) PAHTAVAARA MILL (0.5MTPA CAPACITY) RUP - TSXV 9
Slide 10: Target Ranking and Drill Meterage
TARGET RANKING AND DRILL METERAGE BUDGET ALLOWS FOR FURTHER 10,000M TO BE ALLOCATED Reserves BASED ON SUCCESS 10,000m Pahtavaara Mine Resources 10,000m 2,000m 2,500m Advance Target Hirvi Ikkari Heinä C (Stage 3) 2,000m 2,000m 1,000m >5,000m Target Testing Heinä S Heinä N Island North Saitta (Stage 2
Slide 11: Regional Geological Model Analogy
REGIONAL GEOLOGICAL MODEL ANALOGY Extract from regional study prepared by Dr. Brett Davis, consulting structural geologist to Rupert Resources Ltd. See the Company’s July 30, 2018 press release for further information. In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo., is the Qu
Slide 12: Regional Discoveries
REGIONAL DISCOVERIES SIX NEW DISCOVERIES IN FIRST TWELVE MONTHS AT AREA 1 See the Company’s Sept 10, 2019 press release for further information. In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo., is the Qualified Person who supervised the preparation of the scientific and techni
Slide 13: Area 1 – Multiple New Discoveries Under Cover
AREA 1 – MULTIPLE NEW DISCOVERIES UNDER COVER NO DRILLING DEEPER THAN 250M VERTICAL… See the Company’s August, 20 2020 press release for further information. In compliance with National Instrument 43-101Mr. Mike Sutton, P.Geo. Director and Dr Charlotte Seabrook, MAIG, RPGeo. Exploration Manager are
Slide 14: Ikkari Interpretation – Open in All Directions
IKKARI INTERPRETATION – OPEN IN ALL DIRECTIONS ONGOING DRILL PROGRAM AIMING TO OUTLINE LIMITS OF MINERALISED ENVELOPE WEST EAST See the Company’s September 14 and October 1, 2020 press releases for further information. In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. and Dr Cha
Slide 15: Headline Intercepts from Ikkari (So Far)
HEADLINE INTERCEPTS FROM IKKARI (SO FAR) MINERALISED FROM SURFACE WITH HIGHER GRADE COMPONENT Hole ID Date reported From (m) To (m) Interval (m) Grade Au g/t 120071 213.0 380.0 167.0 4.2 1 October 2020 120074B 184.0 249.3 65.3 3.6 120072 9.1 210.0 200.9 1.5 120070 15 September 2020 70.4 214.0 143.6
Slide 16: Near Mill Exploration
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 mined trends
Slide 17: TVein - New Potential Through Re-interpretation
TVEIN - NEW POTENTIAL THROUGH RE-INTERPRETATION 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.
Slide 18: The Next Pahtavaara – Exploration Targets
THE NEXT PAHTAVAARA – EXPLORATION TARGETS POTENTIAL FOR THE NEXT PAHTAVAARA UP AND DOWN THE SYNCLINE High resolution magnetic data and IP lines combined with an improving understanding of the geological model of Pahtavaara informs a new exploration drive targeting undiscovered mineralisation zones w
Slide 19: Social, Environment and Permitting
SOCIAL, ENVIRONMENT AND PERMITTING Social • Engaging with communities with regular information meetings • Continuous dialogue with local landowners and reindeer herders • Stakeholder analysis undertaken for areas of impact Environmental • No Natura 2000 areas within licence package • Low liabilities
Slide 20: Summary and Catalysts
SUMMARY AND CATALYSTS ABILITY TO UNLOCK VALUE OF DISCOVERIES THOUGH PERMITTED PAHTAVAARA MILL AREA 1 • Focus on Ikkari and structural trend to Saitta and beyond • Ongoing drilling of new discoveries with potential to become high value deposits REGIONAL EXPLORATION • Continuation of program to genera
Slide 21: Appendices
APPENDICES <> Boeee eee
Slide 22: Heinä South Discovery
HEINÄ SOUTH DISCOVERY Visible gold vein in hole 120033 482g/t Au over 1m 120011 – 5.2G/T AU OVER 9.5M 120033 – 482G/T AU OVER 1.0M • Gold hosted in a pyrite-quartz vein stockwork • Target open to north east, west and at depth • IP geophysics (completed subsequently) suggests an un-tested offset to t
Slide 23: Heinä Central Discovery
HEINÄ CENTRAL DISCOVERY 119044 - 31M GRADING 1.5G/T Au & 0.5% Cu 119062 - 10.6M GRADING 3.3G/T Au & 1.5% Cu 119049 - 37.5M GRADING 0.8% Cu & 0.4 G/T Au See the Company’s October 17, 2019 press release for further information. In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo., is
Slide 24: Samurai and DB – Still Open to Depth
SAMURAI AND DB – STILL OPEN TO DEPTH PARTIALLY MINED SUB PARALLEL MINERALISATION TRENDS OPEN DOWN PLUNGE The new geological model of a folded mineralisation zone at Harpoon yields near surface intercepts further intercepts below the old open pit – potential to add open pit ounces to resource Samurai
Slide 25: Karoliina – Further Potential with New Interpretation
KAROLIINA – FURTHER POTENTIAL WITH NEW INTERP. RESOURCE EXPANSION POTENTIAL TO SURFACE AND WITHIN EXISTING INFRASTRUCTURE Karoliina is largely untouched by previous mining, open to surface and to depth with the potential to link- up between and all close in existing underground infrastructure Long S
Slide 26: NFE – Very High-Grade Continuity Confirmed
NFE – VERY HIGH-GRADE CONTINUITY CONFIRMED DEFINITION OF HIGH-GRADE PLUNGING MINERALISATION CLOSE TO SURFACE IN NFE Initial mining in the NFE zone focussed on very shallow mineralisation, new drilling has defined two parallel a steeply plunging zones mineralisation, one wider and the other of except
Slide 27: Harpoon – Opportunity to Push Back Open Pit
HARPOON – OPPORTUNITY TO PUSH BACK OPEN PIT NEW GEOLOGICAL MODEL YIELDS NEAR SURFACE INTERCEPTS The new geological model of a folded mineralisation zone at Harpoon yields near surface intercepts and further intercepts below the old open pit – potential to add open pit ounces to resource Oblique Cros
Slide 28: Pahtavaara Inferred Resource
PAHTAVAARA INFERRED RESOURCE 2018 RESOURCE ESTIMATE RECONCILES WITH HISTORICAL PRODUCTION Cut-off (g/t Au) Grade (g/t Au) Tonnage Au oz Au kg 0.5 1.6 14,540,000 756,000 23,500 1.0 2.4 7,980,000 605,000 18,800 1.5 3.2 4,640,000 474,000 14,700 2.0 4.0 3,030,000 385,000 12,000 3.0 5.6 1,470,000 264,000
Slide 29: 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