PURSUING A REVIVAL. IN GOLD.
BEARTRACK TRANSACTION October 2017
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PURSUING A REVIVAL. IN GOLD . BEARTRACK TRANSACTION October 2017 - - PowerPoint PPT Presentation
TSX-V: RVG www.revival-gold.com PURSUING A REVIVAL. IN GOLD . BEARTRACK TRANSACTION October 2017 Disclaimer This document has been prepared by Revival Gold Inc. (Revival Gold or, the Company) solely for the use in the presentation
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This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined further herein. This documentation is a presentation of information about the Company’s activities as the date of the presentation. It is information in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular
The information contained in this presentation is derived from estimates made by the Company, information that has been provided to the Company by other parties and otherwise publicly available information concerning the Opportunity and does not purport to be all-inclusive or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in the Company. The information has not been independently verified and is subject to material updating, revision and further amendment. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its affiliates or subsidiary undertakings or any of the directors, officers or employees of any such entities as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. In furnishing this presentation, the Company does not undertake or agree to any obligation to provide the attendees with access to any additional information or to update this presentation or to correct any inaccuracies in, or omissions from, this presentation that may become apparent. No person has been authorized to give any information or make any representations other than those contained in this presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The information and opinions contained in this presentation are provided as at the date of this presentation. The contents of this presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. This Presentation includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, the ability to complete the Beartrack Project related financings, the relevance and reliability of the historical Beartrack Project resource estimate, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: the inability to complete the acquisition of the Beartrack Project and related financings on the terms as announced or at all; the historical Beartrack Project resource estimate may not be relevant or reliable; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. This presentation does not constitute or form part of any offer or invitation for the sale or purchase of securities or any of the assets, business or undertaking described herein nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. Recipients of this presentation who are considering an investment in the Company are reminded that any such purchase or subscription must not be made on the basis of the information contained in this presentation but are referred to the entire body of publicly disclosed information regarding the Company. This presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other person. Distribution of this presentation may be restricted or prohibited by law. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and the Company does not accept liability to any person in relation thereto. Neither this presentation nor any copy of it may be taken or transmitted into the United States of America or distributed directly or indirectly, in the United States of America or to any resident thereof except in compliance with U.S. securities laws. The technical and scientific information in this document was reviewed and approved by Steven T. Priesmeyer, C.P.G., VP, Exploration and a Qualified Person under National Instrument 43-101.
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2017 M Milest stones: s: March ch Ju June September October
Led by seasoned executives including:
gh A Agr gro, President & CEO – Mining engineer and executive, previously with Kinross and Placer Dome
Priesmeye yer, VP Exploration – Seasoned geologist and explorationist, previously with Soltoro
Don n Birak, Director – Idaho-based, previously with Coeur and AngloGold
yne Hubert, Strategic Advisor
Burt, Strategic Advisor
Creek Gold Project
financing
launched
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Shar ares / / Balan lance S Sheet milli lion
Bas Basic Shares es Options @ $0.10 Options @ $0.50 Warrants @ $0.30 Warrants @ $0.45 24.7 0.35 1.28 0.10 3.00 Fully lly D Dilu luted S Shares 29. 29.4
Work rking Cap apital al (30 J
30 June ‘ ‘17) 7)
C$1. 1.8 Share re Price ce (2
(29 Sept. ‘ . ‘17 17)
C$0. $0.74 52 Week H Hi/Lo Lo
C$0.86/C$0.08
Bas Basic M Mar arket C Cap ap
C$18.3 milli lion
Shar arehold
%
Management Institutional/High Net Worth Utah Minerals LLC & related Otis Gold Corp. Other 22% 38% 16% 11% 13% Total 100%
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Source: Meridian Beartrack
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the next four years
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nd larges
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Source: Revival Gold Inc.
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Source: Meridian Beartrack
2
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Source: Meridian Beartrack
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Approximate ore zone
Source: Meridian Beartrack (2006)
Yqm: Quartz Monzonite Yy: Yellowjacket Formation
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Source: Meridian Beartrack
14 All deep quartzite- hosted mineralization in the Ward’s Gulch area is oxide
Source: Meridian Beartrack (approx. 305 meters)
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2012 holes in green, 2013 originally planned holes in purple, 0.030
Source: Meridian Beartrack
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Source: Meridian Beartrack, interpretation on this page by Revival. True width grades shown in figure.
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Notes:
Source: Revival Gold Inc. (Sept.’17)
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Pro-Fo Forma Capital S Structu cture
Milli lion
Pre-Transaction Shares Shares Issued to Yamana on Close C$9.6 MM Financing @C$0.60 24.7 1.0 16.0 Pr Pro-form rma Sh Share res 41 41.7 Impli lied Market et Ca Cap @ @C$ C$0.60/shr C$25 $25.0
Sour urces and nd U Uses
Milli lion
Sources:
Financing (net) Total $1.6 $9.0 C$10 10.6 Use se of P Proceed eds: Beartrack Costs and Payment on Close
Arnett Creek Phase 1 & Pty Payment Prjt Mgmnt, G&A and Working Capital Total $0.5 $6.5 $1.2 $2.4 C$10 10.6
20
$0 $20 $40 $60 $80 $100 $120 $140 US$ EV / Oz Au Eq
Average Au Eq / Oz Source: PI Financial analysis, company disclosures, Thomson Eikon, Prices as of August 14th close; Converted to USD at 1.27 CAD:USD FX rate; may not add due to rounding. 1: Au Eq Oz calculated using: $1,250/oz Au, $17/oz Ag, $0.90/lb Pb, $1.00/lb Zn, $2.50/lb Cu
cash payment obligation deducted from cash; exploration expenditures not included
cash from financing; Includes an additional 3.1M shares issued due to C$0.45 warrant exercise
Hugh h Agro, President nt & C CEO Mining engineer and mining executive. Former EVP, Kinross Gold. B.Sc. (Mining), MBA, P.Eng. Pete Blakeley, General Manager er Geological Engineer, former Site Manager, Meridian Beartrack and Chief Engineer, Andean Resources. B.Sc. (Geological Engineering) Micha chael Mansf sfield, D Director Calgary-based investment professional with Industrial Alliance Securities Inc. CA, CFA.
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Steve P Priesmeyer, V VP Explor
Geologist with experience in projects from grassroots through feasibility. B.Sc., M.Sc. (Geology). C.P.G., QP for NI 43-101 TRs. Carmelo M Marrelli, i, C CFO & Director Toronto-based accountant and corporate services executive with MSSI. CPA, CA, CGA. Don B Birak ak, D Director
Geologist, former SVP, Coeur Mining and VP AngloGold North America. B.Sc., M.Sc. (Geology), Fellow of AusIMM, SME Regis. Mem., QP for NI 43-101 TRs.
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arnest, Geologic Consultant – 30 years’ domestic and international mining industry experience, with special emphasis on precious metal (gold, silver) deposits, base metal (copper, lead, zinc, molybdenum) deposits, and uranium deposits. B.Sc. (Geology). Qualified Person (QP) for Canada National Instrument 43-101 Technical Reports.
ic Klepfer, Environmental and Permitting Consultant – 30 years’ experience in mining and permitting with Noranda Minerals Corp., Kaiser Steel Corp., Newmont, Placer Dome, USMX, Coeur d’Alene Mines and Mines Management. Mr. Klepfer has extensive permitting experience in Idaho. B.Sc. (Mining).
ert, Strategic Advisor - most recently CEO and director of Andean Resources Limited.
million ounces of gold as well as through subsequent feasibility studies, financings and
Hubert was an executive with Meridian Gold. B.Sc. (Chemical Engineering) and MBA.
Tye W. Burt, Strategic Advisor – extensive experience in the global mining & metals industry and investment banking. Principal of Carbon Arc Capital Investments Inc. Member of the Board of ArcelorMittal, Chair of Urthecast Corp., Vice-Chair of the Royal Ontario Museum Foundation Governors, former Chair of the University of Guelph’s $200mm “Better Planet Project”
Barrick Gold. Former Chairman, Deutsche Bank Canada and Global Managing Director of Metals & Mining, Deutsche Bank AG. Former Managing Director and Co-Head of the Mining Group, Burns Fry Ltd. and BMO Nesbitt Burns. BA and LLB.
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lley: > 1 billion oz Ag, 8 million tons of Pb & 3 million tons
elamar amar/Stone nehous
ne: 67 MM oz Ag & 1.3 MM oz Au produced
Beartrac ack Mine: : 600,000 oz Au produced
e: 94 MM ton reserve @ 0.10% Mo
Cobalt Project: 3.5 MM ton resource @ 0.55% Co
ibnite: 5.46 MM oz Au resource
Creek: : 0.5 MM oz Au
investment.
merous o
projects…
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Source: Revival Gold interpretation of Meridian Beartrack’s drill results. True thickness estimated at ½ drilled width. Results of 7 g/t Au or better over 1 meter estimated true width or better highlighted.
Hole Number Location From (ft) From (m) To (ft) From (m) Drilled Width (m) Estimated True Width (m) Average Gold Grade (g/t) Average Silver Grade (g/t) AuEq (50:1) (g/t) DD-131 Ward's Gulch 438.00 133.50 527.00 160.63 27.13 13.56 7.32 NA NA incl. 451.00 137.46 496.00 151.18 13.72 6.86 9.42 NA NA incl. 451.00 137.46 472.00 143.87 6.40 3.20 12.96 NA NA incl. 502.00 153.01 509.50 155.30 2.29 1.14 14.02 NA NA BT12-175D Ward's Gulch 1653.50 503.99 1685.50 513.74 9.75 4.88 71.02 76.8 72.56 incl. 1653.50 503.99 1673.00 509.93 5.94 2.97 111.34 117.6 113.69 1714.00 522.43 1716.80 523.28 0.85 0.43 7.34 14.2 7.62 BT12-176D South Pit 1007.00 306.93 1072.00 326.75 19.81 9.91 4.07 57.5 5.22 incl. 1017.00 309.98 1027.00 313.03 3.05 1.52 12.28 75.1 13.78 incl. 1042.00 317.60 1049.00 319.74 2.13 1.07 5.25 32.5 5.90 incl. 1067.00 325.22 1072.00 326.75 1.52 0.76 5.12 29.8 5.72 BT12-177D South Pit 967.00 294.74 972.00 296.27 1.52 0.76 4.57 6.3 4.70 1452.00 442.57 1457.00 444.09 1.52 0.76 3.63 8.3 3.80 BT12-178D Ward's Gulch 1237.50 377.19 1244.00 379.17 1.98 0.99 6.62 84.1 8.30 1271.50 387.55 1287.50 392.43 4.88 2.44 7.86 4.8 7.96 incl. 1275.50 388.77 1283.00 391.06 2.29 1.14 12.30 5.1 12.40 1421.10 433.15 1431.00 436.17 3.02 1.51 5.71 6.0 5.83 1478.10 450.52 1484.00 452.32 1.80 0.90 7.84 10.6 8.05 BT12-179AD South Pit 1927.00 587.35 1933.00 589.18 1.83 0.91 5.14 104.9 7.24 1949.00 594.06 1957.00 596.49 2.44 1.22 4.54 47.7 5.49 2197.00 669.65 2236.00 681.53 11.89 5.94 4.31 3.8 4.39 incl. 2215.00 675.13 2224.00 677.88 2.74 1.37 8.53 4.1 8.61 BT12-181D Ward's Gulch 524.00 159.72 538.50 164.13 4.42 2.21 1.59 17.8 1.94 BT12-183D South Pit 1722.00 524.87 1757.00 535.53 10.67 5.33 3.75 5.4 3.86 1722.00 524.87 1738.50 529.89 5.03 2.51 5.03 7.5 5.18
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Source: Revival Gold interpretation of Meridian Beartrack’s drill results. True thickness estimated at ½ drilled width. Results of 7 g/t Au or better over 1 meter estimated true width or better highlighted.
Hole Number Location From (ft) From (m) To (ft) From (m) Drilled Width (m) Estimated True Width (m) Average Gold Grade (g/t) Average Silver Grade (g/t) AuEq (50:1) (g/t) BT12-184D Ward's Gulch 1441.00 439.22 1461.50 445.47 6.25 3.12 3.53 11.4 3.76 incl. 1441.00 439.22 1448.00 441.35 2.13 1.07 6.00 10.9 6.22 incl. 1457.00 444.09 1461.50 445.47 1.37 0.69 5.54 8.9 5.72 BT12-186D Joss 1172.00 357.23 1214.00 370.03 12.80 6.40 3.91 2.2 3.95 incl. 1203.00 366.67 1210.50 368.96 2.29 1.14 5.57 1.7 5.60 1284.50 391.52 1310.50 399.44 7.92 3.96 5.52 4.2 5.60 incl. 1303.00 397.15 1310.50 399.44 2.29 1.14 8.88 2.9 8.94 1695.50 516.79 1713.00 522.12 5.33 2.67 4.29 2.4 4.34 incl. 1695.50 516.79 1703.00 519.07 2.29 1.14 5.94 0.8 5.96 incl. 1711.00 521.51 1713.00 522.12 0.61 0.30 9.93 14.5 10.22 BT13-187D Ward's Gulch 1002.50 305.56 1050.00 320.04 14.48 7.24 2.50 7.8 2.66 incl. 1021.50 311.35 1029.00 313.64 2.29 1.14 4.73 16.0 5.05 1264.00 385.27 1267.00 386.18 0.91 0.46 14.55 6.5 14.68 BT13-188D Ward's Gulch 1277.00 389.23 1296.50 395.17 5.94 2.97 2.41 14.6 2.70 1488.00 453.54 1490.00 454.15 0.61 0.30 3.68 227.0 8.22 BT13-189D Ward's Gulch 1297.00 395.33 1302.00 396.85 1.52 0.76 6.13 8.8 6.31 BT13-190D Ward's Gulch 1197.00 364.85 1200.00 365.76 0.91 0.46 5.47 3.2 5.53 BT13-191D Ward's Gulch 1363.00 415.44 1367.00 416.66 1.22 0.61 5.67 1.7 5.70 1490.00 454.15 1494.00 455.37 1.22 0.61 15.75 24.7 16.24 BT13-192D Ward's Gulch 1352.00 412.09 1383.00 421.54 9.45 4.72 2.10 21.4 2.53 1715.50 522.88 1718.50 523.80 0.91 0.46 3.88 4.9 3.98 BT13-193D Ward's Gulch 1149.50 350.37 1160.00 353.57 3.20 1.60 5.00 1.2 5.02 1169.75 356.54 1177.50 358.90 2.36 1.18 4.80 1.1 4.82 1946.50 593.29 1948.00 593.75 0.46 0.23 7.06 94.3 8.95
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Source: USGS, Italian Mine & Mill at Arnett Creek, circa 1913
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Table Notes:
1Based on historic drill hole data. Results have not been independently confirmed. 2Estimated true widths are near drilled widths for the Little Chief Mine. Estimated true widths for
the Little Chief Extension are approximately half the drilled width.
30.0292 troy ounces gold per short ton equals 1 gram gold per metric tonne.
Area Hole Number From (feet) To (feet) Drilled Width2 (feet) Au (oz/ton)3 Au (gm/tonne)3 Little Chief Mine ACR90-160 50 50 0.030 1.03 ACR90-170 135 195 60 0.026 0.89 Little Chief Extension ACR89-55 70 175 105 0.088 3.01 ACR90-119 40 155 115 0.095 3.25 ACR90-122 70 95 25 0.031 1.06 ACR90-122 205 245 40 0.069 2.36
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1. 1. Bear artrac ack His istoric ic Reso source Estimate te (pa page 6): Completed by Meridian Beartrack in 2011. The Meridan Beartack resource estimate was prepared prior to the implementation of NI 43-101 and does not conform to this standard. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Revival Gold is not treating the historical estimate as current mineral resource or mineral reserve. See press release dated September 7th, 2017 for further details. 2. 2. Co Combin ined Pr Produ ductio ion & His istoric Reso source from rom Area (p (page 10 10): Documented production and historic resources of gold totals: 475,000 - 600,000 oz of placer gold production (Johnson et al, 1998), 600,000 oz of hard rock gold production at Beartrack (Meridian Gold), 327,000 oz of gold in historic indicated resources and 53,000 oz of gold in historic inferred resources at Arnett Creek3 and 1,299,000 oz of gold in post-mining historic resources at Beartrack See Endnote 1. 3. 3. Arnett Creek Historic ic Reso source (pa page 23 23): As reported by Pincock, Allan & Holt (“PAH”) in an updated conceptual study on Arnett Creek issued in 1994. The PAH report was prepared prior to the implementation of NI 43-101 and does not conform to this standard. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Revival Gold is not treating the historical estimate as current mineral resource or mineral reserve. See press release dated June 5, 2017 for further details. 4. 4. Arnett Creek His istoric ic Reso source (pa page 23 23): Approximately half the area historic resource and four of the five mineralized areas included in the PAH 1994 Update are located on claims 100% owned or
5. 5. Analysi sis of Marke ket Va Value and nd Resources es (pa page 23 23): Refer to page 20 analysis by PI Financial.
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