Hugh Agro

Our Mercur gold project uh 1.4 million oz uh is located about 40 minutes from the Salt Lake City International Airport.

Our second project uh 4.6 million oz of gold already discovered. Uh drill rigs look turning out some really exciting results in the underground on that project in Idaho.

where we're drilling there, finding high-grade continuation to that 4.6 million oz resource there.

We have two projects, 6 million oz of resource.

Recall this is 4.6 million oz in resource currently, but the deposit is open.

Revival Gold with two, uh, large gold systems, proven past producers both, uh, with 6 million ounces of gold

We've got a near-surface open pit heap leach project on a place that's had successfully produced gold in the past

look, this is a Carlin type system.

These orogenic gold systems are so valuable and so important in the global gold industry. They underpin some of the the most exciting most valuable gold mines in the world.

our focus right off the bat has been on these proven brownfields uh sites where gold has been successfully produced in the past.

we got another 5 km to explore to the south

the system is mapped out and it's been drilled over 3 miles to date and with gold in every intercept into that structure. It continues it continues to the south and as I say it continues underground

We're currently drilling in the south part of the project area. And look, we hit with results on the first drill hole through the shear zone out of this program about a month or so ago and some really interesting grades there, 5-6 g over some pretty impressive widths, drilled widths of 20 to 30 m.

The average grade overall including the open pit component of the resource is about about 1.1 grams per ton gold. But when we get into the underground material presently there's about a million ounces at about 4 grams and we're continuing to grow in in the high grade core within the the initial holes that underpin that that preliminary resource.

Capital cost to construct is going to be about $210 million.

Capital cost is about $208 million.

And um you know, low capital because we've got all of this infrastructure uh already in place including power line and uh water, roads.

28 million of capital gets us 100,000 ounces a year of gold production

So, the capital cost on just that first phase is about $110 million.

we have about a $100 million worth of savings in that alone.

100,000 ounces a year of gold production at about a $1,400 ASIC.

28 million of capital gets us 100,000 ounces a year of gold production

The preliminary economic assessment, which we completed last year, contemplates 100,000 ounces a year of gold production

We've done our economics at $3,000 gold.

So at uh $4,000 gold, we're talking about almost 100% irr from that project.

it'll generate some $300 a year free cash flow from just that one asset over a 10-year mine life.

So at uh $4,000 gold, we're talking about almost 100% irr from that project.

1.2 billion dollars worth of NAV at $3,000 gold and in a market cap here of 150 million US dollars.

Capital cost to construct is going to be about $210 million.

we actually capped it off uh there there was more demand than we had to offer

for a capital cost to get started of about $210 million

we've got relatively straightforward de-risking steps ahead and the kind of backing that we have from, you know, from the likes of EMR Capital, Conway, Dundee

$13 million of cash and no long-term debt.

We're sitting here with about $33 million cash as at the end of June and that funds us right through to a construction decision on our Merkur Gold project in early 2028.

uh our cash sits at about 34 million Canadian today.

$13 million of cash and no long-term debt.

we'll have to put that debt financing facility together over the next 18 months.

And remember we're fully financed to get to that construction decision in early 2028. So no need to do any equity raises here

we've got the backing of EMR Capital. They did a ton of due diligence on us. Dundy Corporation

Uh the 33 million together with uh about 15 million of warrant proceeds coming over the next 18 months

that funds us right through to a construction decision on our Merkur Gold project in early 2028.

6 km of drilling at Beartrack

permitting completed by the end of next year

18 km of drilling at Merker

PFS by the end of the first quarter next year

It'll take us about a year to construct the operation.

I think as we march closer and closer now less than two years away to construction decision.

we are on track to be at a at a construction decision point early uh 2028.

just around the corner we've got a PFS coming and construction decision early 2028.

We are on track to complete a PFS by the end of the first quarter next year.

construction decision early 2028.

construction decision in early 2028 to start construction

It'll be the largest gold producer in Utah about 100,000 oz a year.

we are on track to complete permitting by the end of next year

you guys are really 30 minutes out in the Mercury project is really 30 minutes outside of Salt Lake

Our Mercur gold project uh 1.4 million oz uh is located about 40 minutes from the Salt Lake City International Airport.

Well, it's it's um Utah and Idaho, the great uh western uh mining states uh in in uh the US.

our project in Utah, the state of Utah.

let's start with the one in Idaho, Beartrack-Arnett.

we're about 30-40 minutes away from uh greater Salt Lake City.

the Bear Track Arnet Gold Project in Idaho

developing the Merker Gold Project in Utah

Revival Gold is one of the largest developers of gold projects in the United States.

I can't think of a better place than being in the United States uh right now relative to what else is going on in the world.

developing the Merker Gold Project in Utah and the Bear Track Arnet Gold Project in Idaho, both in the United States.

And it's on private land, which is really important to the permitting steps that we'll have to go through. I should say re-permitting steps.

we are not engaged in federal permitting here. This is state permitting.

these are projects that are located right next door to communities that are supportive of exploration and mining

we've delivered over the last six or seven years from nothing when we founded the company to now 6 million ounces of gold engineering studies on 2.5 million of those ounces

we've only done about a year and a half worth of exploration uh under our chief geologist Dan Pace.

I've been in the uh resource mostly the gold business and growth in the gold business for almost 40 years uh with Placer Dome and then with Kin Ross Gold having been part of taking Kin Ross from 1.7 billion to 17 billion.

our VP engineering development, John Meyer, is doing an excellent job leading the team

Revival Gold was established in uh 2017 by industry veterans to address that large and growing gap

We started with that asset with zero ounces of resource. We now have 4.6 million ounces and our finding cost has been less than $10 an ounce in the ground.

announcement of our our general manager Tim Barnett joining us uh from Riotinto Pentacott operations uh in Utah.

Our entire management team and board own about 9% of the company.

I personally have exercised options and warrants and bought stock over the last month and a half to the tune of about 200,000 shares.

I think those things really really are underscored by the fact that we're 60% institutionally held.

I founded Revival Gold about 7 years ago

He's got a ton of experience uh with heap leach open pit and precious metals mining not just in the United States but around the world.

most of the resource within about uh 300 to 400 ft from surface, so it's very shallow open pit

It's a relatively straightforward open pit heap leach operation. Uh most of the resource within about uh 300 to 400 ft from surface, so it's very shallow open pit low uh stress low complexity of processing with uh heap leach.

we're on a a site with a power line... We're on a site that has water

you want to have a average resource grade that's at least double the cutoff grade. And here we're at three times the cutoff grade.

we're seeing indications of mineralization beyond the existing resource and we'll track that down uh next year with some more drilling

We've got an existing ADR gold processing facility there.

it's a dry location so we don't have water to deal with. There's no discharging of water. There's no groundwater. There's little in the way of surficial water

It's the component of that project that takes advantage of the existing uh ADR gold processing facility

we had a plan in place to uh collect sufficient material for about 20 column tests this year... five column tests and build on that with another 20 column test

which fits in very well with our heap leach uh open pit heap leach plans for the MKER go project in Utah.

we had very high kinetics 90% of the recovery within 5 days in the leech columns

Of course, both of these projects are past producing, successful past producing mines. So that's that's a lower risk environment already.

brownfields assets where gold was last produced at $250 and today we're now almost $5,000 an ounce gold.

We have large gold systems with a finding cost to date of less than $10 an ounce of gold in the ground.

the 100,000 ounces a year from this project that we that we see.

would make us the largest gold producer in that state

at current gold prices, we're talking about a project that's going to generate 300 to $350 million a year of free cash flow.

I own about 6 million shares.

we're 60% institutional now

54% corporate and institutional ownership. For investors that have watched the gold price take off

we've got about 18% in total of the stock in strategic hands with uh EMR Capital and Dundee uh Corp. and another I'm going to say 30% 40% in in in institutional hands

market cap here of 150 million US dollars

Market cap's about $250 million Canadian dollars today.

At Revival Gold, when you buy a,000 shares of our company, you're getting exposure to 22 ounces of gold in the ground.