Corporate Presentation

February
June 20142015
www.rogueresources.ca
Forward Looking Statements
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This
presentation contains "forward-looking information" concerning Integra Gold Corp.’s (“Integra“ or the “Company”) future financial or operating performance and
other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as “seeks”, "believes", "anticipates", "plans", “continues”, "budget", "scheduled", "estimates",
"expects", "forecasts", "intends", “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain
actions, events or results "may", "will", "could", "would", “should” or "might" "be taken", "occur" or "be achieved". Forward-looking statements included in this
presentation include statements regarding potential mineralization and mineral resources, the proposed mining scenario for the Lamaque Gold Project, including
information with respect to the supporting infrastructure, the potential life of mine, rates of employment and the effects of steps taken to mitigate local impacts
and the expected completion dates of exploration and drilling, exploration results, estimated and future exploration and administration expenditures, the
completion of scoping studies, preliminary economic assessment, pre-feasibility or feasibility studies, and future plans and objectives of Integra. While all
forward-looking statements involve various risks and uncertainties, these statements are based on certain assumptions that management of Integra believes are
reasonable, including that it will be able to obtain financing and on reasonable terms, that its current exploration and other objectives can be achieved, that its
exploration and other activities will proceed as expected, that its community and environmental impact procedures will work as anticipated, that general business
and economic conditions will not change in a material adverse manner, that Integra will not experience any material accident, labour dispute or failure or shortage
of equipment, and that all necessary government approvals for its planned exploration and potential development activities will be obtained in a timely manner
and on acceptable terms. There can be no assurance that the forward-looking statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Integra’s expectations
include, among others, the actual results of current exploration activities being different than those anticipated by Integra, changes in project parameters as plans
continue to be refined, changes in estimated mineral resources, future prices of metals, increased costs of labor, equipment or materials, availability of
equipment, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena, risks related to community relations and
activities of stakeholders, and delays in obtaining governmental approvals or financing. Although Integra has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Integra does not intend, and expressly disclaims any intention or obligation to, update or
revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required by law.
The Rogue
Advantage
Silica
Lac de la Grosse
Québec
Nickel
Langmuir Project
Timmins, Ontario
Projects
Management
Exposure to multiple
commodities and advanced
base metal projects in safe
jurisdictions
An experienced team with a
track-record of creating value
from the earliest stages of a
Company’s growth cycle
Iron Ore
Radio Hill
Timmins, Ontario
Base Metals
Bathhurst Projects
New Brunswick
Structure
Clean, tightly held share
structure with 47.4 M shares
outstanding
Strategy
Leverage of previous
success in a proven district
to unlock value in heavily
discounted assets in a
distressed resource market
Silica and Québec
In June 2014, the Government of Quebec and Spanish based Grupo
FerroAtlantica, one of the largest silicon metal producers in the
world, announced plans to build a $382 million silicon metal plant
in Port-Cartier, QC.
The Port-Cartier Plant will
be operational in 2017 and
produce 100,000 tons of
silicon metal annually
The Silicon Metal Market Outlook Report suggests growing demand in the silicon
market. "Recent price gains can mainly be attributed to tightening supply due to low
current levels of production in Brazil and China, but increasing demand will sustain
these gains and support a further rise in silicon prices through to 2017.“ – 28/3/2014
Silica – Sources
Silica
• Silica (SiO2) is highly used and plays an important role in
industrial applications
• Quartz is a common and abundant mineral in the earth’s
crust, however, high purity silica deposits of > 99% SiO2
are very rare
Sources of Silica
• For industrial uses, silica can be derived from a number of
sources:
 sandstones or unconsolidated sands,
 quartz from veins,
 pegmatite related quartz, and
 quartzites
End uses of silica products (Source: High Purity Quartz (2014), Solar Silicon Resources Group).
Lac de la Grosse Femelle Silica Property - Location
Grupo FerroAtlantica’s recent announcement to
build a $382M silicon metal plant in Port Cartier
provides new opportunities for Rogue
High-Purity Silica in Quebec
Lac de la Grosse Femelle Silica Property
• 42 km north of the town Baie-Saint-Paul and 138
km NE of Quebec city
• 531 km SW of Port-Cartier
• 200 km from Bécancour (Silicium Quebec plant)
• Adjacent to Sitec Mine in operation for more than
50 years producing 250,000 tonnes of high-purity
silica annually
Location map of the Lac de la Grosse Femelle Silica Property in central Quebec.
Road Access to Silica Site
• Easy access from Highway 381
• Possibility of alternate access
through Sitec Mine Property
Lac de la Grosse Femelle (LFG) Silica Property - Geology
Lac de la Grosse Femelle
Silica Property
Lac de la Grosse Femelle Silica Property
Quartzite
unit
• Eight mineral claims over 462.6 ha
• Located 4.4 km northwest of the Sitec Mine and
along strike
• Property is overlain with quartzite units identified as
units “D” and “G”
Sitec inc.
silica mine
• Similar to and on strike with the quartzite units being
mined on the neighboring Sitec Mine property
Geology map of the LGF Property area (Source: SIGEOM ). A to H denote quartzite occurrences
/deposits after Rondot (DPV 682): A is a current producer (Sitec inc.); C is a past producer.
Samples of 99% or higher
of silica rich quartzite are
associated to the trend of
low magnetic signatures.
Lac de la Grosse Femelle Silica Property - Geology
“G” Quartzite Unit
•
Homogeneous, coarse grained and massive
•
High purity and composed of 98% to 99% quartz
•
High silica purity across widths of 100 m to 260 m
•
Limited sampling on the Femelle Property assays up to
99.54% SiO2
•
Strike length of more than 1.1 km
Photos of the quartzite unit « G » on the Lac de la Grosse Femelle Silica Property.
Lac de la Grosse Femelle Silica Property
Lac de la Grosse Femelle Silica Property Planned
Work for 2015
• Geological compilation of airborne magnetic and
VLF survey
• Line cutting, geological mapping
• Channel sampling
• Assay and characterization of samples
• Drilling
• Compilation of all data to determine resource
Photo of quartzite outcrop on the Lac de la Grosse Femelle Silica Property.
Langmuir Nickel Project, Ontario
Timmins Archean Nickel District
• The Timmins nickel belt is located within
an area of excellent infrastructure,
including roads and power
• The Timmins mining camp provides
access to necessary equipment and
experienced miners
• The Redstone Nickel Mill/Concentrator
re-opened for toll milling in March 2014,
providing a milling solution within 3km
of the property
Resource Estimate for W4 Deposit
Category
Quantity
Grade
Nickel
%
Copper
%
590,000
125,000
0.99
0.88
0.06
0.06
12,816
2,437
840
157
87,000
46,000
1.04
0.91
0.08
0.05
1,997
923
149
53
677,000
171,000
1.00
0.89
0.06
0.06
14,813
3,360
989
210
Tonnes
Open Pit
Indicated
Inferred
Underground
Indicated
Inferred
Combined
Indicated
Inferred
Metal
Nickel
lbs (000's)
Copper
lbs (000's)
Source: NI 43-101 Compliant Mineral Resource Evaluation, Langmuir W4 Project, Ontario, Canada, prepared by SRK Consulting Inc., dated June 28, 2010.
Deposit Highlights:
•
•
•
•
$7.5M spent, over 18 million pounds of nickel defined
Over 80 holes drilled on deposit
Fully operational nickel mill within 3 km
Upside potential exists in deep geophysical targets not fully tested with diamond drilling
Open Pit Model
An Open Pit, 3D
Conceptual Model was
built for the Langmuir
Nickel Deposit, reducing
future timelines for any
potential production
scenarios
Source: NI 43-101 Compliant
Mineral Resource Evaluation,
Langmuir W4 Project, Ontario,
Canada, prepared by SRK
Consulting Inc., dated June 28, 2010
Radio Hill Iron Ore Project, Ontario
Access to Transportation
In 1964, the Radio Hill Project
was preparing for full production
only to be stopped by low iron
ore prices.
Located on the CN Mainline track
system with a rail roadbed to the
site already in place, iron ore
could be efficiently transported
to a variety of major processing
hubs.
Airborne Geophysics
• Extensive drilling has been
carried out on the project,
including 140 Drill Holes
into anomalies at Radio
Hill
• The potential for resources
expansion exists at the 12
km long Nat River
Formation. To date, only 6
drill holes have been
completed on this
formation
Magnetic-VTEM survey 742
line km and covered 50 km2
with a line spacing of 75 m
Geotech, 2008
1960’s Bulk Sample Product
The Radio Hill deposit provides a unique situation in that it has already been tested
through to the feasibility stage. The accompanying chart is from the feasibility
studied conducted in 1965 by FENCO showing positive values allowing for the
commercial production of iron ore pellets. Concentrate percentages above 65% are
generally viewed very positively. The table also shows low values for deleterious
Soluble Iron
elements such as phosphate and manganese, metals also appear very low.
Historical data presented here is for information purposes only. The compilation of this data occurred before the implementation of
National Instrument 43-101. A qualified person has not done sufficient work to date to determine the validity of these historic results and
therefore these results should not be relied upon
Magnetic E-type
Concentrate (%)
Pellets from Etype Conc. (%)
Magnetic E&F
Concentrate (%)
65.83
64.28
68.3
Total Iron
66.09
64.4
68.38
Ferrous Iron
True Silica
Total
Phosphorous
20.52
7.77
1.29
7.55
21.51
4.09
0.014
0.014
0.018
Manganese
Alumina
Fusion CaO
Fusion MgO
Sulfur
LOI
Moisture
Copper
Nickel
Vanadium
Titanium
Arsenic
Lead
Zinc
0.04
0.4
0.04
0.09
0.015
2.85 (gain)
10
Nil
Nil
Nil
Nil
Nil
Nil
nil
0.04
0.5
0.04
0.1
0.003
0.63 (gain)
0.04
Nil
Nil
Nil
Nil
Nil
Nil
Nil
0.06
0.22
0.07
0.1
0.064
2.24 (gain)
n.r.
Nil
Nil
Nil
Less than 0.01
Less than 0.01
Less than 0.01
Less than 0.01
Corporate Structure
Capitalization
As of January 23, 2015
Share Price
Market Capitalization
$0.065
~$3.0million
Shares Structure (all figures in millions)
Basic Shares Outstanding
Options
Warrants
Fully Diluted Shares Outstanding
52 Week Trading Range
47.4
1.3
19.2
69.8
$0.19 - $0.02
Investor Relations
Allyson Taylors Partners
1155 Rene Levesque Blvd., West, Suite 2500
Montreal, Quebec, H3B 2K4
Sean Budnik (514) 397-0110
sean@allysontaylorpartners.com
Q1 2015: Silica
•
Lac de la Grosse
– Compile airborne magnetic and VLF data
– Community and ministry consultations ongoing
– Meet with silica industry suppliers and processors
– Start process of developing off-take agreements
– Complete permitting process
Q2 2015: Silica
•
Determine width and strike length of quartzite units by way of
– Line cutting, ground geophysical surveys, prospecting, sampling, assaying
– Trenching and outcrop stripping, near surface sampling
– Detailed mapping
Q3 2015: Silica
•
•
Compilation of all data
Drill program
Ongoing:
•
Reassess Langmuir Nickel Project airborne data, geo-metallurgy studies on ultramafics
•
Baseline environmental study initiated on Radio Hill, new LIDAR survey data to assist in
geological modeling for future drill program. Additional geo-metallurgy studies
•
Reassessment of Bathurst VMS Project
Rogue Growth Strategy
Management Team
John de Jong, President, CEO and Director
Mr. de Jong’s career in mining has included overseeing mining, milling and exploration projects in Québec, British Columbia and the Yukon for several companies in the capacity of Project Manager and/or CEO. Former CEO and
President of Integra Gold Corp. and has also worked as a management consultant advising TSX-V listed companies in areas of business and corporate development and as director for a number of junior mining companies.
Eddy Canova, Senior Vice President
Mr. Canova holds a BSc. in Geology from McGill University in Montréal, Québec. With over 35 years of experience in the mineral exploration and mining industry in a multitude of countries, Mr. Canova has overseen projects ranging
from grass-roots exploration and development to the feasibility stage and production. His experience includes knowledge of various styles of deposits, including gold, silver, base metals, iron-ore, PGE’s and uranium. Was the former
Director of Exploration for Oceanic Iron Ore, doubling their resource in the Labrador Trough in QC. Mr. Canova has also held the position of Executive Vice President (Alexandria Resources), Consulting Geologist (Eastmain Resources,
et al), Exploration Manager (Bolivar Goldfields), and Chief Geologist (Gold Reserve de Venezuela) among others.
George Hudak, Ph.D., PGeo, Advisor
George Hudak, is an Associate Director, Precambrian Research Center, Natural Resources Research Institute, University of Minnesota Duluth and has for over 25 years' experience investigating base metal and precious metal mineral
deposits in Neoarchean-age Precambrian volcanic belts across Minnesota and Ontario. Dr. Hudak is an internationally recognized expert on the relationships between volcanic processes and the genesis of volcanic-associated
hydrothermal mineral deposits, in particular, volcanogenic massive sulfide deposits. Currently sits on the Board of Directors for the Institute on Lake Superior Geology, the Board of Directors for the Minnesota Center for Mineral
Resource Education, and is a Mentor for the Society of Economic Geologists. He is a Registered Professional Geologist in Minnesota and Wisconsin, and holds a Prospector's License in Ontario.
Gordana Scekic, BSc, CGA, CFO
Ms. Scekic is a Certified General Accountant with a Bachelor of Science in Economics who has worked exclusively in the mineral exploration industry since 2005. She has an extensive and diverse professional background in financial
reporting, analysis, and budgeting, as well as establishing and supervising accounting departments. She has worked in the financial field as an Investment officer, head of a Financial Department, and as a Chief Accountant. Currently,
Ms. Scekic works as a Senior Accountant for several publically traded mineral exploration companies.
Stephen de Jong, Bcomm, Director
Mr. de Jong has held several senior management and advisory positions in publically listed Canadian mineral exploration companies successfully leading their recapitalization and restructuring programs. As CEO and President of
Integra Gold Corp., Mr. de Jong continues to prove his ability to finance mineral exploration through periods of weak metal prices and low investor sentiment. He is recognized by Canadian and overseas financial sectors and junior
and senior mining executives as a person with integrity, superior management skills, and one who can attract and build a strong and capable team. Mr. de Jong holds a Bachelor of Commerce degree from Royal Roads University and
is also a Director of Rapier Gold Inc.
Peter Campbell, P. Eng, Director
Mr. Peter S. Campbell, P.Eng is a Senior Vice President, Research Team, Mackie Research Capital Corporation. He has 25 years’ experience in the mining and geology business as a professional Mining Engineer with an in-depth global
mining background, strong technical expertise and proven project management experience. Mr. Campbell’s experience encompasses the complete spectrum of project stages from grass roots and advanced exploration through to
feasibility and mine production. He has a strong interest in financial modelling, portfolio risk management, project valuation, and capital investment decisions. Mr. Campbell was an Exploration Manager at Xstrata, where he worked
on various aspects of world-wide exploration projects involving exploration for Ni, Cu, and Cu-Zn deposits.
Appendix
Silica – Uses and Specifications
Specifications for industrial silica uses are largely based on:
•
high SiO2 content
•
low contents of other major elements (low impurities), such as Fe2O3,
Al2O3, TiO2, and certain other trace elements
Traditional uses for silica with less stringent chemical specifications
include:
•
glass, foundry sand, hydraulic fracturing sand, sandblasting material,
abrasive quality silicon carbide, nonferrous smelter flux
High technology uses that require high purity silica, usually > 98% SiO2 and
in most cases > 99% SiO2, include:
•
electronics, computer chip, fibre optic, solar cells
•
fillers, extenders and thickeners, high temperature ceramics
•
feedstock for chemical uses, electronic semiconductor markets,
ferrosilicon, and silicon metal for metallurgical markets
Selected specifications for different silica uses (Source: SIDEX - www.sidex.ca ).
New silicon metal factory in Quebec
Grupo FerroAtlántica, S. A.
• World-leader in the production of silicon metal,
encompassing 14% of total global production
Proposed FerroQuébec Electrometallurgy Project
• Construction of a Silicon Metal Factory in Port Cartier, Québec
• Proposed production capacity of 100,000 tonnes/year
Source: Grupo FerroAtlántica, S. A., 2013 Annual Report
The planned $382 million investment creating 345 jobs will involve two industrial phases:
• Phase 1: in 2017, start-up of three 25-MW furnaces for a 50,000 tonne annual capacity
• Phase 2: in 2022, addition of three more furnaces for a total of six 25-MW furnaces for a total 100,000
tonne annual capacity
Source: Grupo FerroAtlántica, S. A., 2013 Annual Report
Silica – High Purity Silica Prices
High purity silica command high prices
Source: Industrial Minerals, High purity quartz: a cut above By Emma Hughes (2013)