ROGUE TIMMINS: RADIO HILL UPDATE AND POTENTIAL EXPLORATION PROGRAM APRIL 2020
Forward Looking Statements This presentation contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “intends”, “target”, “estimates”, “projects”, “continue”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. In particular, but without limiting the foregoing, this presentation contains forward-looking statements pertaining to the following: the increasing demand for Armour; the continued evolution of the product mix; the future purchase volumes and pricing of the Preferred Partners; finalization of purchase orders; meeting remaining Ministry regulatory requirements at Bobcaygeon Quarry; closing of the acquisition of the Orillia Quarry; securing financing for the Orillia Quarry; operations at the Bobcaygeon Quarry; sales from the Bobcaygeon Quarry; obtain debt financing for the Company’s operations on terms acceptable to the Company or not at all. The forward-looking statements contained in this presentation reflect several material factors and expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain applicable permits; activities of governmental authorities (including changes in taxation and regulation); currency fluctuations; the global economic climate; and competition. The Company believes that the material factors, expectations and assumptions reflected in the forward-looking statements contained in this presentation are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this presentation are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation, those risks identified in the Company’s most recent annual and interim management’s discussion and analysis, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forwardlooking statements. If the closing of the Orillia Quarry acquisition does not occur for any reason including the receipt of applicable regulatory approvals, or if revenues and/or profitability from the Bobcaygeon Quarry are not sufficient, then there is a specific risk that the market price of the Company’s securities will be negatively impacted. The forward-looking statements contained in this presentation are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this presentation.
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Radio Hill is a key part of Rogue Timmins RRS
High-quality SiO2 for Commodity: Silicon Metal & Specialty: Countertops & Fillers
Snow White Project (Ontario) -Permitted, unlimited Volume -Modeled to ~1M tonnes (“Mts”) Silicon Ridge Project (Quebec) -Preliminary Economic Assessment (“PEA”) completed, C$23.4M NPV10% & 132% IRR (after-tax), $3-5M CF/yr - C$50 Revenue & $26 Opex/Mt - Permits delayed, timing unclear
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Langmuir Nickel Project - 14.8M lbs Nickel Indicated Resource, at 1% - 13.8K hectares, 7km to mill Radio Hill Project (Gold Exploration) - 1,800 hectare land package - Bisected by rail, power onsite, 8km to hwy - Surrounded now by GFG ‘s Pen Gold Project
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NEW- LANDSCAPE STONE- Southern Ontario• Johnston Farm Quarry (Bobcaygeon) 85% Rogue, 20,000 Mts / yr • Purchased Oct 2019, Rogue has operated since November • Speiran Quarry (Orillia), permit for 20,000 Mts / yr • Continuous operation for more than 25 years. • Last 5 years avg• $131/Mt Revenue and • $68/Mt Opex
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Radio Hill Project- Summary • Highly prospective area for gold mineralization • Located along the interpreted western extension of the Destor-Porcupine Fault System, one of the most productive gold structures in the world • 1,800 ha property package, surrounded now by GFG Resources (TSX-V:GFG) • Favourable geological stratigraphy, structural features and associated strong alteration systems
• Anomalous gold values identified within property boundaries • Diamond Drill Exploration Permit in place Within 4 km of the Nib Gold Propspect recently drilled by GFG with 71.27 Grams of Gold per Tonne Over 8.5 Metres
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Radio Hill Project- Location
Radio Hill Project -80km southwest of Timmins -1,800 ha land package
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Property Geology Map
Nib Gold Prospect
Radio Hill Property
Radio Hill Property Geology Map ROGUERESOURCES.CA
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GFG’s 2020 high grade hit at Nib-Yellowknife • Nib-Yellowknife is in the central part of GFG’s Pen Gold Project, gold mineralization occurs in altered and variably sheared and veined diorite • Extensive swamp and esker cover in this area have hindered historic exploration and prevented explorers from realizing the full potential of the occurrence. • Hole PEN-20-47 intersected 71.27 grams of gold per tonne (“g/t Au”) over 8.5 metres (“m”) including 511.00 g/t Au over 1.15 m at a vertical depth of approximately 50 m below surface “Hole PEN-20-47 is the most significant intercept ever drilled on our 500 km2 Pen Gold Project,” stated GFG’s President and CEO. “This exceptional intercept along with the multiple mineralized intervals further downhole demonstrates that the Nib Prospect has the potential to host a large-scale gold system.” Source: GFG’s April 6, 2020 news release. ROGUERESOURCES.CA
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Radio Hill Project- Regional MAG
Nib Gold Prospect
Rogue’s Radio Hill
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Radio Hill Project- Detailed MAG & targets Target Area 1: • Favourable fold feature with bounding faults located in similar stratigraphic package as the NIBYellowknife Zone
Target Area 2
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Ultramafic unit wrapped by more brittle volcanic rocks and sediments
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Identification of quartz veins (up to 3m wide) with sericite and fuchsite alteration
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Interpreted as location of Destor-Porcupine Fault
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Anomalous Au identified along trend to the east
Target Area 2:
Target Area 3
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Anomalous Au values identified in historic diamond drill holes
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Favourable geology and structural features transect the area
Target Area 3:
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Similar stratigraphic location as Joburke Mine (302K t @ 0.09 oz/t), south of the iron formation
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Area interpreted to represent splay off of Destor Porcupine Fault Zone
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Favourable geology with ultramafics and felsic/mafic 9 volcanic units (similar to Timmins Camp).
Radio Hill Historic Drilling – Strong Alteration and Quartz Veins RH-12-32
RH-12-32
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Historic drilling from 2010 to 2012 targeted the Radio Hill Iron Formation and did not analyze core for gold
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Some historic holes cut geological units located to the north of the interpreted fault zone along the northern boundary of the iron formation
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Historic drilling intersected zones of moderate to strong fuchsite-sericite-ankerite alteration with associated quartz veining
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Alteration zones intersected in the historic drilling are indicative of hydrothermal activity within the geological sequence to the north of the Radio Hill Iron Formation
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Target 1 area represents an excellent exploration target with the potential to host gold mineralization TSX.V: RRS
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Radio Hill Project- Conclusion • Highly prospective property for gold exploration located along the interpreted western extension of the Destor-Porcupine Fault System • Property contains many similar rock types, structural features and alteration systems as other producing gold mines in the Timmins district • Radio Hill has never been systematically explored for its gold potential • Geophysical surveys indicate that same stratigraphic sequence as the Nib Prospect transects the northern portion of the Radio Hill property • Along strike of numerous gold occurrences with anomalous gold values identified within property boundaries Project is drill ready with a Provincial Diamond Drill Exploration Permit in place.
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