Emergent Gold Opportunity in the NWT r o v e r m e t a l s . c o m - - PowerPoint PPT Presentation

r o v e r m e t a l s . c o m

Emergent Gold Opportunity in the NWT

TSXV: ROVR OTCQB: ROVMF

Company Overview

Lou Covello is an independent consulting geologist to the exploration industry. His professional experience spans more than 4 decades, and includes serving as President and a Director for Aurora Geosciences and its' predecessor, Covello, Bryan and Associates. He has worked as a professional geologist throughout Canada, in Australia, the US, Southeast Asia and

• Russia. He is a member and past

President of the NWT and Nunavut Chamber of Mines as well a member

• f the NWT and Nunavut Association
• f

Professional Engineers and Geoscientists, the Canadian Institute

• f Mining, Metallurgy and Petroleum

and the Geological Association of Canada.

• Mr. Minty obtained a B.Sc. in Mining

Engineering from Queen’s University, Kingston Ontario, Canada in 1978. He has over 26 years of open pit and underground mine

• perational

and project development experience in North America, Central America and in

• Africa. From 2008 to 2013, Mr. Minty was

the Chief Operating Officer at Thani Dubai Mining (“Thani”) where he was responsible for all project exploration and operation activities in Yemen and Egypt as well as new business development activities. Prior to joining Thani, he was the South African country manager for Hunter Dickinson. Mr. Minty has also served

• n

the board

• f

directors of Asanko Gold and Oremex Silver, and COO at Aurvista Gold. He currently serves as on the boards of Auryn Resources, Callinex Mines and DNI Metals.

Loui

• uis C

Covello,

• , P.

P.Geo | D Dire rector Keith ith Min Minty ty, P.En .Eng, MB MBA | A | Dir irecto tor

DIRECTO TORS PARTNE NERS RS

2

Silv ilver Range e Reso sources es Auro rora ra GeoScien ences es

An accomplished Senior Executive banker, financial and public policy / government affairs advisor, as well as the public sector, for the BC and NWT Governments. Experienced negotiator with First Nations groups and a strategic Board member for a number

• f

business and community associations. Senior Policy Advisor- Government of the Northwest Territories (1978-1981). Advised BC Hydro on the establishment of its Aboriginal Affairs Group in 1990. Served on the Board of Directors

• f various companies including: Grandfield

Pacific (Explorer Hotel, YK, NT), First Class Systems, Arimex Resources, Sea Breeze Power, Silvermex Resources, Metron Capital, Chair of Pacific Cascade Minerals, and Director of Timmins Gold a TSE and NYSE listed company (2005- 2014). Currently a Director and Audit Chair of Pebble Labs Inc., Maxtech Ventures Inc. and Red Fund Capital Corp. Also currently CFO for Fabled Copper & Gold.

Eug ugene ne H Hod

• dgson |

n | Director

Mr. Tharani has held top executive positions for Western and Russian conglomerates generating income

• f

US$250 million to US$2.5 billion; has also raised over US$1.3 billion through project financing, debt financing, private equity, venture capital and synthetic instruments; successfully integrated and executed

• ver

88 M&A and LBO transactions with an aggregate value

• ver

US$800 million. He holds a Bachelor of Arts Degree from Simon Fraser University.

Salim lim T Tharani Director

Company Overview

Stua uart ( (Took

• okie) A

Ang ngus us Business Development Advisor

Mr. R. Stuart "Tookie" Angus is an independent business advisor to the mining

• industry. He was formerly Head of the Global

Mining Group for Fasken Martineau. For the past 30 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers & Acquisitions for Endeavour Financial. Mr Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals until June 2005, a Director

• f Canico Resources Corporation until it's

takeover by CVRD in 2005, a Director of Bema Gold until its takeover by Kinross Gold in 2007, a Director of Ventana Gold until it's takeover by AUX Canada Acquisition in 2011, a Director of Plutonic Power until its merger with Magma Energy in 2011, and Chairman

• f Nevsun Resources until June 2017.

ADVI VISOR ORS PARTNE NERS RS

3

Silv ilver Range e Reso sources es Auro rora ra GeoScien ences es

Rober ert S Schafer er Business Development & Technical Advisor

Mr. Schafer has nearly 40 years

• f

experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. He has held executive and senior management positions with Hunter Dickinson Inc., Kinross Gold Corp., and BHP Minerals over the past 20 years. Throughout his career Mr Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia.

• Mr. Schafer was the recipient of the Dreyer

Exploration Award in 2018 and the William Lawrence Saunders Gold Medal from AIME (2002) and the Daniel C. Jackling Award from SME (2017) for career achievements. Gary Vivian is Chairman at Aurora Geosciences. Gary is a geologist with

• ver

35 years experience in mineral exploration. Gary was provided with the Award

• f

Merit from Geoscientists Canada (2014) for his long term commitment to the mineral exploration industry in northern Canada as well as his active role in the professional geoscience associations at both the Territorial and National

• level. Gary also received the Geoscience Award
• f Merit (2013) from NAPEG, the professional

geoscience regulatory body in the NWT and Nunavut, awarded for his significant contributions to the mineral industry in the NWT and Nunavut. Gary currently sits as the President of the NWT and Nunavut Chamber of

• Mines. Gary has worked across Canada, in QU,

BC, SK, NB, ON, NT and NU. His management skills have been applied to large drill programs throughout the North including projects at Sunrise, Nicholas, Fishhook and Run Lakes in Northwest Territories.

Gary V Vivian an, P. P.Geo, M M.S .Sc. c. Technical Advisor Dave W ve White, e, P. P.Geo, M M.S .Sc. c. Technical Advisor

Dave White is Vice-President at Aurora Geosciences. Dave has

• ver

twelve years

• f

mineral exploration experience. His experience mostly lies in base and precious metals, REE, and uranium in the NT, NU, YT, QU, MB, SK, and BC. Dave has managed numerous greenfields to advanced exploration projects. David earned post-secondary degrees in Geology and Physical Geography from the University of Alberta and University

• f

Manitoba, respectively. He has been practicing geology as a professional since April of 2009 and is registered to practice in NT/NU/YT and BC.

Company Overview

Jud udson n Culte lter, CP CPA, CA CA, CP CPA(WA

WA) – CEO | Director

• Mr. Culter is an experienced start-up entrepreneur and co-founded Rover Metals in 2014. Mr. Culter

has over ten years of international finance, capital markets, and accounting experience. He has helped to raise over $20MM in private and public financings for start-ups and growth orientated companies in the Pacific Northwest, Asia Pacific, and South America. He has taken several mineral resource companies public, most recently Rover Metals, and prior to that the Dolly Varden Silver project (TSXV: DV), whereby he was a co-founder and also managed the exploration drill program (pre-Hecla Mining investment).

• Mr. Woo is a mining engineer with 18 years of experience in mine operations, mine development and

project engineering. Most recently, Mr. Woo served as the Project Manager and Technical Services Manager with Ledcor Contractors. He has also held senior engineering positions with Walter Energy (formerly Western Canadian Coal), Nyrstar (formerly Farallon Mining), Hunter Dickinson Inc. and Shambhala Gold. Mr. Woo graduated from McGill University with a Bachelor of Engineering (Mining) and Bachelor of Science (Computer Science).

Ron W

• n Woo,
• o, M

MBA, P. P.Eng, PM PMP P – COO

MANAGEM EMEN ENT

4

• Mr. Minty obtained a B.Sc. in Mining Engineering from Queen’s University, Kingston Ontario, Canada in
• 1978. He has over 26 years of open pit and underground mine operational and project development

experience in North America, Central America and in Africa. From 2008 to 2013, Mr. Minty was the Chief Operating Officer at Thani Dubai Mining (“Thani”) where he was responsible for all project exploration and

• peration activities in Yemen and Egypt as well as new business development activities. Prior to joining

Thani, he was the South African country manager for Hunter Dickinson. Mr. Minty has also served on the board of directors of Asanko Gold and Oremex Silver, and COO at Aurvista Gold. He currently serves as on the boards of Auryn Resources, Callinex Mines and DNI Metals.

Keith ith Min Minty ty, P.En .Eng, MB MBA A – President | Director

Headquart rters rs Vancouver, BC Ca Cabin bin Lake Gold P ld Proje ject Board Office ce Toronto, ON Up Town Gold Pr Project

Oliver Foeste is currently the Managing Partner of Invictus Accounting Group (based in Vancouver, BC), and brings over a decade of financial and business advisory as well as executive and directorship experience across a number of sectors including mining, natural resources, technology, real estate, cannabis, and more. Oliver currently holds strategic CFO roles for a select number of private and public companies, and previously held senior management and executive positions in multinational and small capitalization companies listed in both Canada and the United States. During the earlier years of Oliver’s career he was at Deloitte where he led audit and assurance engagements for both private and public companies, and at Walsh King Chartered Accountants where he prepared tax returns and financial statements for private clients.

Oliv liver F Foeste, C CPA, A, CA A – CFO

Nov

• v-20

2017 17

100% Acquisition

• f Cabin Lake,

Camp Lake, and Slemon Lake properties Optioned Up Town Gold

Q3/ Q3/Q4-2017

Up Town Gold Exploration Drilling and Mapping Program

5

Sep-2016 016

Rover Metals Exploration History

Jul Jul-20 2018 18

Obtained Exploration Permit for Cabin Lake, Camp Lake, and Slemon Lake

Aug ug-201 2018

Awarded $85,000 MIP Grant from NT Government

Oct ct-2018

Completed GeoPhysics and GeoChemistry programs at Cabin Lake

6

Cabin Lake – NWT Canada

• 110 km northwest of Yellowknife, NWT, Canada
• Property access – winter road, boat and air ; near proposed Tłicho

all-season road ; 60 km southeast of Fortune Minerals’ NICO Project

• Includes Camp Lake and Slemon Lake properties for a total area

package of 1,503 hectares

• Freeport McMoran, Aber Resources, and Highwood Resources

completed a total of 5,000 m of historic drilling 1,900 line km geophysics and 82 sample trenches at the Cabin Lake property Aber Resources Ltd. reported a resource of 100 00,000 000 tons

• ns at

at 0.30 30 ou

• unc

nces per er ton

• n gol
• ld in their annual report with

th gra rades rang nging ng fro rom 4.39 39 g/ g/t to to 15 15.8 g/ g/t (and an unpu publis blished his isto toric ical estim timate te of

• f over

ver 85 85,000 00 ounc

• unces

Au Au). These resources are historic in nature, and are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone. Further drilling is needed to bring that up to CIM Definition Standards. Historic data has not been verified by Rover Metals. Technical information has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and QP for the purposes of NI 43-101.

V Showing

0.22 oz/ton Au / 7 feet (trench)

Camp North Showing

0.102 oz/ton Au / 7 feet (trench)

Andrew North Zone

Camp Showing

0.26 oz/ton Au / 9 feet (trench)

Andrew South Zone

Beaver Showing

1.00 oz/ton Au (grab)

Cabin Lake Zone

100,000 tons at 0.30 oz/ton Au

(*) historic resource)

1 km

N

Cabin Lake Gold Zone 3D View

7

10m

Signi gnifica cant High gh Grade Gold intercepts

DDH 86-26 12. 12.54 54 g/t Au over 4.1m DDH 86-28 14. 14.98 98 g/t Au over 12.1m DDH 86-12 15. 15.77 77 g/t Au over 8.02m DDH 86-11 8. 8.22 22 g/t Au over 4.72m DDH 86-10 9. 9.53 53 g/t Au over 0.95m and 12. 12.0 0 g/t Au over 8.84m DDH 86-13 7. 7.74 74 g/t Au over 1.52m and 6. 6.85 85g/t Au over 3.04m and 15. 15.77 77g/t Au over 6.09m (not shown)

N

70

Cabin Lake 1986 DDH Plan View Details

7

8

Cabin Lake: Attractive near-surface High Grade Gold intercepts

Cabin Lake 1986 DDH Historical Sections

DDH 86-28 14.98 g/t Au over 12.1 2.1m DDH 86-12 15.77 g/t Au over 8.02 .02m and 9.60 .60 g/t Au over 1.04 .04m DDH 86-13 9.46 .46 g/t Au over 1.56 .56m and 6.86g/t Au over 3.04m and 15.77g/t Au over 6.09m LEGEND

9

Cabin Lake – NWT

N

Gold mineralization hosted in poly- deformed Bugow Iron Formation). Identified three folding interference phases generating multiple zones for gold identification hosted in quartz mineralization, and newly interpreted fold hinges, coincident his historic gold

• ccurrences and recent soil anomalies

from the 2018 exploration program at the Andrew North and South zones as priority drill targets. Detailed Mag survey completed September 2018 and revisiting

• f

historical occurrences.

500m

N

Magn gnetic 1 1VD target target target

Cabin Lake – NWT

• The 100% owned Cabin Lake Gold Project consists of multiple high-grade drill ready gold
• ccurrences and includes a reported resource by Aber Resources Ltd. of 100,000 tons at 0.30
• unces per ton gold in their annual report with grades ranging from 4.39 g/t to 15.8 g/t (and an

unpublished historical estimate of over 85,000 ounces Au). These resources are historic in nature, and are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone. Further drilling is needed to bring that up to CIM Definition Standards.

• Gold is hosted predominantly in an iron formation with room for drill expansion along strike,
• pen to length and depth.
• Total land package of 1,503 hectares.
• Access off existing highway then 40km by winter road, boat and air; 60km southeast of Fortune

Minerals’ NICO Project (gold processor).

• Major exploration conducted in the 1980’s by Canadian Mining Hall of Famer, Gren Thomas

(Aber Resources – Diavik Diamond Mines), and Louis Covello (current Rover Director). Gren Thomas is also credited with the discovery at Spence’s Bridge in BC (the Shovelnose project, WestHaven Ventures). Freeport-McMoRan and Cominco were also involved in the exploration work at Cabin Lake in the 80’s.

• Geological comparisons include the historic Lupin Gold Mine and the Homestake Mine.
• Geophysics and Geochem data all recently updated. All historical data (over 7,500m of drilling)

has been digitised and incorporated into the planned drill program of C$1.5m (C$1.3m if in winter).

• 5-year exploration permit was granted for the Cabin Lake group of properties (Cabin Lake,

Slemon Lake and Camp Lake) from July 2018.

• Significant near surface intercepts, including:
• DDH86-28: 15.0g/t Au over 12.1m;
• DDH86-12: 15.8g/t Au over 8.02m & 9.6 g/t Au over 1.04m;
• DDH86-26: 12.5 g/t Au over 4.1m;
• DDH86-10: 12.0g/t Au over 8.8m; and
• DDH86-13: 15.7g/t Au over 6m
• In 2018, geophysical and geochemical programs were completed, identifying new gold

anomalous zones with expansion on the known gold mineralised zones.

Investment Highlights:

Opportunity:

• Resourc

rce drilli illing to to convert vert histo torica cal resou source to to NI NI 43 43-101 101 complia liant.

• Fu

Fund a mini nimum um of

• f ~3,000

00m of

• f com
• mplia

liance and and expansion sion drillin illing fo for C$1,500 00,00 000 can an be be co complete ted wit ithin in th the nex ext 4 mont nths hs twinni ning ng th the abov

• ve wells

lls and and testi ting unt untested nose

• se hi

hing nges whi hich cou

• uld

ld host

• st

signi nifi fican ant gold ld inte terce cept pts.

• Mult

ltip iple le ad additional nal pr prospe pect cts wi with subs bsta tanti tial Resou source upsid side pote tenti tial.

• Gold

ld at at Ca Cabin Lake ke is is host

• sted in

in steep eeply-di dippi ping fold

• lded ir

iron

• n fo

format ation. On Only th the top

• p 100

100m of

• f one

ne of

• f th

the fold

• lds has

has been een dri rilled ed and nd th the cr criti tical fold ld nose ses remai ains ns unte teste ted.

Historic data has not been verified by Rover Metals. Technical information has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and QP for the purposes of NI 43-101.

11

Up Town Gold – Yellowknife, NWT

5 km m no northwes est o

• f downt

ntown Y n Yell ellowknife, N NWT, Cana nada Excellent access & infrastructure Paved highway and powerline through the property 3 km from airport and helicopter base 6 claims (3,387 Ha) in good standing until 2021

GIANT M MINE NE: 15. 15.7M 7MM t tonnes @ 16. 16.1 g/t /t Au (8.1MM M oz’s ’s Au) u) CON N MINE NE: 10M 10MM tonnes @ 18 g 18 g/t /t A Au (5.8MM o M oz’s Au Au)

Confir irmed ed Arc rchean Gold ld mine mineralized z zones nes 11 dominant vein/shear systems on surface Historic resources and small scale production at 2 sites Free milling gold / no deleterious contaminant metals , As, Hg, etc. Completed successful diamond core > 860m drilling campaign in 2017 – achieved objectives in confirming mineralized zones Completed successful surface ground proofing, prospecting and mapping program in 2017 Large land package

Adja Adjacent to to the he his isto toric ic pas ast producer Gia iant Min ine on

• n str

tructu tures par aral allel to to th the Gi Giant (Campbell) Shea hear Zon Zone

Gold Terra Resource Corp. (TSXV: YGT): ~$45MM Market Cap. gold exploration company

12

DRILLIN LLING

Hol

• le

From ( m (m) m) To To ( (m) Interval al ( (m) Au ( (g/t) t)

2017 D Drill P ill Pro rogram

ROD-17-002 11.0 16.4 5.4 4.28 incl. 15.0 15.9 0.9 22. 22.10 10 ROD-17-004 14.6 15.2 0.6 15. 15.20 20 ROD-17-007 15.0 18.3 3.3 3.73 incl. 16.1 16.4 0.3 35. 35.00 00 ROD-17-008 13.8 17.3 3.4 3.30 incl. 14.8 15.2 0.3 32. 32.60 60

Historic ic D Drill ill Pro rograms

RD13-02 15.61 17.83 2.22 25. 25.90 90 RD15-02 12.00 14.50 2.50 2.23 RD15-03 10.16 12.00 1.84 7.91 RD15-04 16.46 16.85 0.39 2.88

CHANNEL SAMPLE LES

Cha hann nnel Fro rom To To Length th Au ( (g/t) t) RD-CH15-01 0.00 1.20 1.20 10.36 RD-CH15-02 0.00 1.20 1.20 17.27 RD-CH15-03 0.50 1.00 0.50 16.35 RD-CH15-04 0.00 1.20 1.20 10.19

Historic Production Pit 14.12 tons @ 68 g/t*

Up Town Gold – Rod Zone

“Technical information for Up Town Gold has been approved by Dave White, P.Geo., President Aurora Geosciences Ltd. and the Qualified Person for the purposes of National Instrument 43-101.”

12

*Exploration Report at the Up Town Gold Project, Mike Power, Aurora Geosciences Ltd, March 2, 2016

NEW

Rod Zone West Fox South Extension

CONFIRMED

Rod Zone Fox South Zone 22 Vein Big and No. 1 Veins C Vein Rose Shear 11 Vein

Up Town Gold – New and Confirmed Mineralized Zones

13

OPPORTUNITY

• Host
• st struc

uctur ure (grani anite) has has been een ex explore red at at sur urfac face (wit ithin in 100 100m) m) and and is is show

• wn to

to cont ntinue ue at at de dept

• pth. Deep

eeper er dril illin ling is is need eeded ed to to de dept pths of

• f Giant

ant mi mine (25 250m) m) to to fi find nd larg rger er mineraliz lized she hear ar zone nes.

• Northe

heas ast are rea of

• f pr

property ty need eeds fur furthe her wo work to to ex explore re th the layeri yering of

• f grani

anites and nd greens nstone nes rev revealed in in 2017 2017 geop

• physi

sics.

14

Ownership

Up Up Town Go Gold ld O Opti ption Agr Agreement

CAD$300,000 t total Cash sh P Payments o s over r 3 Years rs $90,000 cash payment (COMPLETED) $45,000 cash payment (COMPLETED) $45,000 cash payment (COMPLETED) $120,000 cash payment due 2021 CAD$1,6 ,600,0 ,000 i in E Explo loration

• n

Expen enditures es o

• ver

er 3 3 Years $350,000 expenditure (COMPLETED) 2017 $1,250,000 by 2021

Cabin in Lake G Group o p of P Prope pertie rties

7.5% Full lly D Dilu luted ed Equit ity i in R Rove ver U Up Front Share payment made Sep-2016 COMPLETED 100 100% O Owned

Ro Rover er Me Meta tals Corp.

INVEST STOR OR C CONT NTACT

Juds dson Culter er | CE CEO judson@r @roverm rmetals.com

15

SHARE ARE STRUC TRUCTUR URE

TSXV: ROV OVR

57M

OTCQB: ROVMF

This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical facts included in this Presentation, including, without limitation, those regarding Rover’s opinions and beliefs, business strategy, mineral resource estimates, ,ongoing or future development and exploration opportunities and projects, drilling, , geological modeling plans, , and plans and objectives of management for properties and operations are forward- looking statements. Generally, forward-looking statements can be identified in this Presentation, without limitation, by the use of words or phrases such as “estimate”, “project”, "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made

• r in certain cases, on third party expert opinions. These forward-looking statements were derived utilizing numerous assumptions regarding expected growth,

results of exploration and development, performance and business prospects and opportunities, general business and economic conditions, interest rates, the supply and demand for, deliveries of, and the level and volatility of prices of gold and related products, regulatory and governmental approvals, market competition, accuracy of mineral resource estimates and geological, operational and price assumptions on which such estimates are based, conditions in financial markets, future financial performance of Rover and results of exploration and development activities. While Rover considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking statements should not be read as a guarantee of future performance or results. To the extent any forward-looking statements constitute future-oriented financial information or financial outlooks, as those terms are defined under applicable Canadian securities laws, such statements are being provided to describe the current anticipated potential of Rover and readers are cautioned that these statements may not be appropriate for any other purpose, including investment decisions. Such forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance or achievements expressed or implied by such forward-looking statements. Risks and uncertainties that may cause actual events, results, performance or achievements to vary materially include, but are not limited to, risks inherent to mineral exploration and development activities, changes in gold prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions, unanticipated operational difficulties, government action or delays in the receipt of government approvals, adverse weather conditions, unanticipated events related to health, safety and environmental matters, labour disputes, failure of counterparties to perform their contractual obligations, changes or further deterioration in general economic conditions. The foregoing list is not exhaustive of all factors and assumptions which may have been used. We cannot assure you that actual events, performance or results will be consistent with these forward-looking statements and management’s assumptions may prove to be incorrect. Our forward-looking statements reflect Rover’s views as at the date of this Presentation. Except as may be required by law or regulation, Rover undertakes no obligation and expressly disclaims any responsibility or obligation or undertaking to publicly release any updates or to revise any forward-looking statements, whether as a result of new information, future events or otherwise to reflect any change in Rover’s expectations or any change in events, conditions or circumstances on which any such statement is based. Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.

16

Disclaimer – Forward Looking Statements