RVL_Corporate Presentation_2016-10-04_Final
Transcript of RVL_Corporate Presentation_2016-10-04_Final
ADVANCING A PROSPECTIVE PORTFOLIO TO DISCOVERY SUCCESS
Gold - Silver - Copper
www.reveloresources.com
CORPORATE PRESENTATION
OCTOBER 2016
CAUTIONARY STATEMENTS
2
Certain statements contained in the following presentation constitute forward-looking statements. Such forward looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent consultant, is the Company’s Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators, and is responsible for the accuracy of, and has verified, the technical information in this presentation and has approved its written disclosure.
3
Corporate Summary
PORTFOLIO
PROSPECT GENERATOR
Prospect generation through in-house exploration
Secure Option & JV Partners to progress and fund advanced exploration - including drill testing
Multiple targets giving multiple chances of success
KEY FINANCIALS
Stock Price C$0.075 (Oct 2016)
Shares Outstanding 128M (Oct 2016)
Market Cap C$9.6M (Oct 2016)
Cash Position C$2.1 (Jul 2016)
300,000 Ha of total mineral property exposure
22 projects prospective for gold, silver and copper
100,000 Ha (3 projects) subject to 3rd party expenditures
>US$100M exploration spend by previous owners
Chile - One of the world's top mining jurisdictions
3 acquisitions, 1 merger
22 projects
+/- 45 targets
4
Business Model
1 Royalty Asset (non producing)
Developing a portfolio of Royalty options
Heavy lifting by partners
1 JV with participating interest (Newmont)
1 Option & Sale Agreement (Austral Gold)
Pursuing new partners
Organise & revalidate databases
Re-interpret & re-define targets
Add value through low cost exploration
Royalty Creation
Project Acquisition
In-house Work
Partner Funded Exploration
VALUE CREATION
PROSPECT GENERATOR MULTIPLE CHANCES FOR SUCCESS
5
Project Pipeline
ADVANCED & FUNDED BY
PARTNER
ADVANCED TO
FEASIBILITY
HISTORIC DRILLING
EARLY STAGE
VA
LUE
CR
EATI
ON
DEV
ELO
PM
ENT
STA
GE
PRE-DISCOVERY
DISCOVERY
TARGET DEFINITION
DRILL READY (some historic
drilling)
3 PROJECTS 2 copper + 1 gold-silver
6 PROJECTS 4 copper + 1 gold-silver + 1 IOCG
3 PROJECTS 2 copper + 1 gold-silver
10 PROJECTS 5 copper + 3 gold-silver + 2 IOCG
6
Flagship Projects
Directly along trend from the world’s largest copper mine
2% NSR uncapped - exploration stage JV - Hochschild & First Quantum
MONTEZUMA Copper-Moly-
Gold ~ 45,000 Ha
SAN GUILLERMO Gold-Silver ~ 12,000 Ha
VICTORIA Copper-Moly-
Gold-Silver ~ 45,000 Ha
LAS PAMPAS Gold-Silver ~ 40,200 Ha
In the heart of one of Chile’s principal copper mining districts
JV with Newmont - multiple targets
10,000m drilling program commenced in October 2016
Along gold-silver belt of N Chile - surrounds in-ground resource
Option & Sale Agreement with Austral Gold - multiple targets
Directly along trend from one of Chile’s principal gold-silver mines
Extensive database - multiple targets - looking for partner
Montezuma JV (Newmont Mining)
Las Pampas
San Guillermo JV (Austral Gold)
Victoria (2% NSR)
7
Who We Are
SUCCESSFUL TRACK
RECORD
++50 YEARS OF COMBINED
EXPERIENCE IN THE CENTRAL
ANDES
MANAGEMENT TEAM
Tim Beale President & CEO
John Davidson Exploration Manager
Demetrius Pohl Advisor & QP
Doug Reed CFO
Kim Casswell Corporate Secretary
Chiara Orrigoni IR Manager
BOARD OF DIRECTORS
Michael Winn Chairman
Tim Beale Director
Raymond Jannas Director
Colin Bird Director
Mario Szotlender Director
8
Key Financial & Stock Information
SHARE PERFORMANCE - Oct 2016
52 weeks High-Low C$0.11 - C$0.04
Current Price C$0.075
Market Cap C$9.6M
CASH POSITION
Q2 2016 (July 31, 2016) C$2.1M
SHARE STRUCTURE - Oct 2016
Shares Outstanding 128,486,027
Options 8,827,500
227,500 @ $2.88 (Dec 2017) 325,000 @ $1.92 (Dec 2017) 650,000 @ $0.77 (Dec 2017) 650,000 @ $0.69 (Jul 2018) 2,740,000 @ $0.25 (Jul 2019) 800,000 @ $0.25 (May 2020) 3,435,000 @ $0.15 (Aug 2019)
Warrants 49,577,957
1,000,000 @ C$0.20 (Dec 2017) 5,000,000 @ C$0.20 (Jul 2018) 15,117,167 @ C$0.11 (Jul 2018) 28,460,790 @ C$0.31 (Apr 2017) @ C$0.42 (2018-2019)
Fully Diluted 186,891,483
KEY SHAREHOLDERS - Aug 2016 (*)
Management & Directors N/A 9%
Paul Stephens USA 9%
Adrian Day USA 9%
Sprott Global USA 8%
Altius Minerals CANADA 6%
Ingalls & Snyder USA 5%
Investec UK 5%
Apac Resources Capital HONG KONG 4%
Patterson Securities AUSTRALIA 4%
Eurasian Minerals USA 3%
Minera Fuego CHILE 3%
(*) While every effort has been made to provide accurate details, the list contained herein may not be complete and the information is subject to change without notice
9
Appendix 1: Flagship Projects
In the Shadow of the Headframe View of Chuquicamata District copper mines from Montezuma Property
10
Montezuma JV (RVL 49% - Newmont 51%): Cu-Mo-Au
OPTION/JV TERMS
Newmont (the operator) may earn up to a 75% by spending US$20.5M over 7 years
Completed Phase 1 (Feb 2015): JV @ 49/51
Spent - US$2.8M in 2014
Mar 2015 to Sep 2017 - US$5.5M - 65%
Spent - US$3.5M (up to June 2016)
Oct 2017 to Sep 2019 - US$12.5M - 75%
Monthly reports, annual meeting, all data
ABOUT THE
PROJECT
Large property - 45,000 Ha (100% owned)
In the heart of one of the largest copper mining districts in the world (Chuquicamata-Esperanza-Centinela)
Multiple porphyry-style copper targets
Historic drilling (>30,000m) shows major zones of alteration & mineralisation
10,000m drilling program commenced in October 2016
Montezuma JV (Newmont Mining)
11
Montezuma JV: In the heart of major copper mining district
Radomiro Tomic Mine 380Kt Cu/year
(Codelco)
Chuquicamata Mine 360Kt Cu/year
(Codelco)
Ministro Hales Mine 180Kt Cu/year
(Codelco)
Mina Sur Mine 150Kt Cu/year
(Codelco)
Toki Cluster - 5 Deposits - Undeveloped 1Bt @ 0.4% Cu Proposed 60Kt Cu/year
(Codelco)
CHUQUICAMATA DISTRICT > 130Mt fine copper resources
Tesoro Mine 95Kt Cu/year
(Antofagasta Minerals)
Esperanza Mine 175Kt Cu/year
(Antofagasta Minerals)
CENTINELA DISTRICT >> 10Mt fine copper resources
Telegrafo - Undeveloped (Antofagasta Minerals)
10Km
10Km
MONTEZUMA PROPERTY Exploration - Cu-Mo-Au (JV Newmont/Revelo)
12
Montezuma JV: Views
MONTEZUMA: SIERRA LIMON VERDE
MONTEZUMA: VIEW LOOKING EAST MONTEZUMA: MELISSA TARGET
13
Las Pampas: Au-Ag (Cu)
Large property: 40,200 Ha
100% owned
Underlying 2% NSR royalty payable on northern portion
Possibility to divide into 3 segments
Centred approximately 40Km SW, and along trend, of Yamana’s El Peñon gold-silver mine
212Km SSW of BHP Billiton’s Spence copper-moly mine
Located directly alongside the Pan American Highway, with very easy project access (12 months of the year)
Moderate altitudes < 2,000m
Multiple epithermal gold-silver targets
Low-sulphidation “bonanza” veins
High-sulphidation disseminated
Large database - geology, geochemistry, geophysics and > 15,000m drilling
ABOUT THE
PROJECT
Las Pampas
14
Las Pampas: Directly along trend from major gold district
EL PEÑON DISTRICT >> 10M GEO Resources
El Peñon & Fortuna Mines >300,000 GEO /year
(Yamana)
Las Pampas Property Exploration Au-Ag
(RVL)
Loro Property Exploration - Au-Ag
(RVL)
T4 Property Exploration - Cu-Au-Fe
(RVL)
Limbo Property Exploration - Au-Ag
(RVL)
10Km
Cachinal de la Sierra Historic Production - Ag-Au
15
Las Pampas: Multiple targets ready for drill testing
Cerritos Trend
Cerros Bayos
Cerro 1868
Cerro Blanco
Target F
Target H
Acarreos Trend
Cerro Buenos
Aires
Cerro Turmalina
Cerro Intermedio
Cerro Blanco
Cerro Buenos Aires
Trend
Cerritos & Cerros Bayos
Trends
Acarreos Trend
16
Las Pampas: Views
LAS PAMPAS: GEOLOGICAL MAPPING
LAS PAMPAS: VIEW ALONG CERRITOS TREND LAS PAMPAS: SILICA PIT ON SIERRA BUENOS AIRES
17
San Guillermo Option: Au-Ag (Option, Sale & Royalty)
OPTION & SALE
TERMS
ABOUT THE
PROJECT
Large property - 12,000 Ha (100% owned)
Surrounds Austral Gold’s Amancaya gold-silver project (in-ground resources - shortly to be a mine)
Abundant evidence for epithermal-style gold-silver veins, including drill intercepts (>40,000m drilling)
Austral Gold (the operator) may earn 100% over 3 years by:
Paying Revelo a total of US$2.65M
US$50K on signing US$50K on 1st anniversary US$550K on 2nd anniversary US$2M on 3rd anniversary
Spending U$3M
US$0.5M in 1st year US$1.25M in 2nd year US$1.25M in 3rd year
Revelo retains an uncapped 0.5% NSR Royalty on all future production
San Guillermo JV (Austral Gold)
18
San Guillermo Option: Surrounds in-ground resource at Amancaya
EMERGING AMANCAYA DISTRICT
Amancaya Project ~ 400,000 GEO (Austral Gold)
Reprado Property Exploration - Au-Ag
(RVL)
San Guillermo Property Exploration - Au-Ag (Option
Austral Gold/RVL)
Morros Blancos Property
Exploration Cu-Au-Mo
(RVL)
SIERRA OVERA DISTRICT Historic Cu-Au Production
19
San Guillermo Option: Multiple mineralised veins cut by drilling
San Guillermo Project Amancaya Sur
Section 7171100N
San Guillermo Project Amancaya Sur
Section 7170500N
San Guillermo Project Amancaya Sur
Selected Sections
TO BE UPDATED CO
Amancaya Project / Mine (Austral Gold) Emerging LS epithermal precious metals vein district. 400,000 oz Au Eq in Central Vein
LS epithermal precious metals veins with ore-grade intercepts
LS epithermal precious metals veins with ore-grade intercepts
Epithermal / Mesothermal Au-Cu-Ag Veins
20
San Guillermo: Views
SAN GUILLERMO: LS EPITHERMAL VEIN EXPOSED IN TRENCH
SAN GUILLERMO: GENERAL VIEW SAN GUILLERMO: QUARTZ VEIN FLOAT
21
Victoria - Royalty: Cu-Mo-Au
OWNER &
ROYALTY
100% owned by Chilean subsidiary of Hochschild Mining PLC
Optioned to, and being explored by, First Quantum Minerals
Revelo retains an uncapped 2% NSR Royalty on all future production
ABOUT THE
PROJECT
Large property - 45,000 Ha
Along trend of the principal north-Chile copper belt - and south of the giant La Escondida copper mining complex
Contiguous with RVL’s Block 4-Anaconda
Multiple porphyry-style copper targets and a variety of gold-silver targets
Multiple exploration campaigns since the 1990s, including drilling
Latest interpretations indicate key targets have not been drill tested or fully drill tested
Large database of evidence for the styles of mineralisation sought
Victoria (2% NSR)
22
Victoria: Located directly along trend from La Escondida District
LA ESCONDIDA DISTRICT > 144Mt Cu Resources
La Escondida Mine > 1Mt fine copper / year
(BHPB + Rio Tinto)
Block 4 Property To east
Exploration - Cu-Mo (RVL)
10Km
Victoria Property Exploration Cu-Mo-Au-Ag
(Hochschild / First Quantum JV)
RVL Royalty Interest
VICTORIA: VIEW OF VAQUILLAS MINE AREA
24
Victoria: Views
VICTORIA: GENERAL VIEW
VICTORIA: QUARTZ-VEIN STOCKWORK AT PICARON
25
Appendix 2: Revelo Projects Available for Option/JV
Experienced exploration team - view from Las Pampas Property
26
Key Advances Through Its Work
ACQUISITIONS >US$100M historic exploration spend by previous owners on properties acquired
REVELO IN-HOUSE
WORK
DATA
Sometimes disordered databases
Often no good reporting
Often lacking basic geological mapping and updated interpretation of targets
Difficult for “interested” parties to see new opportunities or value (i.e. - not interested)
REVELO IN-HOUSE WORK STATUS PROPERTY
Re-ordering, re-validating and re-plotting of historic data
Ongoing Most projects
Reconnaissance geological and hydrothermal alteration mapping with geochemistry and accompanying consolidation reports
Ongoing Reina Hija, Redondo-Veronica, Block 3, Morsas, Bronce Weste
Detailed geological and alteration mapping (including in-house Terraspec hydrothermal clay alteration analyses), backed up by geochemistry, and accompanying consolidation reports
Ongoing
Morros Blancos, Calvario, Mirador, T4, Loro, Los Azules, San Valentino, Block 2, Block 4, Limbo, San Guillermo, Magallanes, Las Pampas, Montezuma
Projects Available for Option/JV: Copper (+/- moly-gold-silver)
Ha Completed Activities 2016 Activities
REINA HIJA* 1,800 • Database review/interpretation • No historic drilling
• Geological mapping • Rock geochemical sampling
BLOCK 2 10,300 • Detailed geological mapping • Database review/interpretation • No historic drilling
• Geological mapping • Rock & soil geochemical sampling
REDONDO-VERONICA 15,200 • Reconnaissance geological mapping • Database review/interpretation • Historic drilling (no data)
• Geological mapping • Rock & soil geochemical sampling
BLOCK 3-CULEBRA 37,100 • Reconnaissance geological mapping • Database review/interpretation • Shallow cover drilling > 6,500m
• Geological mapping • Rock geochemical sampling
BLOCK 4-ANACONDA 17,900 • Reconnaissance geological mapping • Database review/interpretation • Historic drilling (no data)
• Geological mapping • Rock geochemical sampling
MORROS BLANCOS 13,000
• Detailed geological mapping • Database review/interpretation • Limited geophysics (mag’ & IP) • > 5,300 m historic drilling
• Soil geochemical sampling grid • Drill ready
(*) Not displayed on the map
27
28
BLOCK 2: OXIDE COPPER
MORROS BLANCOS: STOCKWORK QUARTZ VEINLETS
Projects Available for Option/JV: Copper (+/- moly-gold-silver)
29
Ha Completed Activities 2016 Activities
LOS AZULES* 4,700 • Detailed geological mapping • Database review/interpretation • > 5,500m historic drilling
• Property consolidation • Drill ready
CALVARIO 7,300 • Detailed geological mapping • Database review/interpretation • > 4,000m historic drilling
• Age dating • Soil geochemical survey • Drill ready
MIRADOR 3,000 • Detailed geological mapping • Database review/interpretation • No historic drilling
• Age dating • Rock & soil geochemical survey
SAN VALENTINO 1,200 • Detailed geological mapping • Database review/interpretation • > 1,500m historic drilling
• Age dating • Rock geochemical survey • Drill ready
BRONCE WESTE 4,700 • Database review/interpretation • > 4,500m historic drilling
• Detailed geological mapping • Soil geochemical survey
(*) Not displayed on the map
Projects Available for Option/JV: Copper (+/- moly-gold-silver)
30
Projects Available for Option/JV: Cu
MIRADOR: HYDROTHERMAL ALTERATION ZONE
LOS AZULES: ARTISANAL WORKINGS & COPPER OXIDES
31
Projects Available for Option/JV: Gold-Silver
Ha Completed Activities 2016 Activities
MAGALLANES 1,000
• Detailed geological mapping • Rock geochemical sampling • Trenching of Veinticinco Vein • No historic drilling
• Land consolidation-discussions with surrounding tenement holders
LAS PAMPAS 40,200
• Detailed geological mapping • Rock & soil geochemical survey • Minor trenching • Heli-borne EM, Heli-borne & ground
magnetics, CSAMT profiles • >15,000m drilling
• Possible division into three blocks • Several targets - Drill ready
LORO 4,500
• Detailed geological mapping • Rock & soil geochemical survey • No historic drilling
• Infill soil lines • Trenching • Geophysical profiles
LIMBO 5,600
• Grassroots target • No historic drilling
• Detailed geological mapping • Rock & soil geochemical survey • Geophysical profiles
REPRADO 2,100
• Geological mapping • Trenching • 2,750m of drilling
• Database review/interpretation • Detailed geological mapping • Rock & soil geochemical survey • Geophysical profiles
32
Projects Available for Option/JV: Gold-Silver
MAGALLANES: TRENCHING ALONG TRACE OF VEINTICINCO VEIN
LORO: OUTCROPPING QUARTZ VEIN
33
Projects Available for Option/JV: Copper-Gold (IOCG)
Ha Completed Activities 2016 Activities
T4 5,000
• Detailed geological mapping • Rock & soil geochemical sampling • Ground magnetics survey
• Drill ready
LAS ANIMAS 6,000
• Reconnaissance geochemical sampling • Detailed geological mapping • Rock & soil geochemical survey • Interpretation of state geophysical data
MORSAS 15,500
• Reconnaissance geochemical sampling • Detailed geological mapping • Rock & soil geochemical survey • Interpretation of state geophysical data
34
LAS ANIMAS: ARTISANAL MINE WORKINGS
T4: AURIFEROUS HEMATITE BRECCIA
Projects Available for Option/JV: Copper-Gold (IOCG)
35
Revelo is Advancing a Prospective Portfolio To Discovery Success
INQUIRIES Chiara Orrigoni - IR Manager T: +1 604 687-5544 [email protected]
~300,000 Ha of tenement exposure
22 projects prospective for
gold-silver-copper
2 projects optioned to Newmont, Austral Gold
Developing royalty portfolio
1 royalty interest (non-producing)
RVL: C$0.085 Shares: 128.5M
Mkt Cap: C$10.9M