Corporate Presentation - Rugby Mining Limited
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Corporate Presentation
Page 1 TSX:RUG
Disclaimer
CAUTIONARY STATEMENT
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British
Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company’s plans at its projects including the
expected approval of permits required for exploration, timing of drilling program, high grade potential at Cobrasco, Mabuhay, Regional
Colombian Gold Projects and Otways, potential for mineral discoveries on its projects and drilling costs which involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-
looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major
mineral commodities such as copper, silver and gold by factors beyond the control of the Company; events which cannot be accurately
predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes;
the shortage of personnel with the requisite knowledge and skills to design and execute exploration program; difficulties in arranging
contracts for drilling and other exploration services; the Company’s dependency on equity market financings to fund its exploration
program and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or
enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the
Company’s assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for
exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as
the potential for problems arising from the interpretation of laws regarding ownership of mineral properties in the Philippines and in the
sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the
timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks
and uncertainties, including those described in each of the Company’s management discussion and analysis including those contained in
its year-end financial statements for the year ended February 28, 2019 filed with the Canadian Securities Administrators and available at
www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions
associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in
forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as
required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.
Paul Joyce, Rugby’s COO and a “qualified person” (“QP”) within the definition of that term in National Instrument 43-101, Standards of
Disclosure for Mineral Projects, has verified the technical information presented within this presentation. Some of the information is
historical in nature and the Company will be required to do further assessment of this data. The Company believes that the historical data
is suitable for this presentation.
Page 2 TSX:RUG
Why invest in Rugby TSX-V:RUG
Director’s major discoveries:
TRACK • Didipio (Philippines) – mining by OceanaGold (OGC)
• Caspiche (Chile) M&I Mineral Resources: Oxides: 1.7
RECORD Moz AuEq, Sulphides: 37.9 Moz AuEq
• Cerro Moro (Argentina): high-grade gold and silver
CORPORATE • 2010 Extorre spin-out of Argentine assets
• 2012 Extorre C$414M take over by Yamana Gold
EXPERIENCE • 2017 Exeter C$247M take over by Goldcorp
• High-grade epithermal gold and porphyry target at
GOLD Motherlode Project in the Philippines
• Rugby acquired all Colombian gold assets from major
EXPOSURE global gold mining company in June 2016
• +70GB Database; 700 km2 concessions/applications
Page 3 TSX:RUG
Rugby- Board and Management
Strong Board of directors Experienced Management
Yale Simpson Chairman Bryce Roxburgh President & CEO 40+
Bryce Roxburgh President & CEO Paul Joyce COO 40+
Paul Joyce Director, COO Alejandro Adams CFO 7+
Director, VP Corporate
Cecil Bond Jon Hermanson 15
VP Finance Development
VP Corporate
Robert Reynolds Director Rob Grey 15+
Communications
Corporate
Merfyn Roberts Director Angus Roxburgh 15
Communications
Board Advisors
Julian Bavin Wendell Zerb Glen Van Kerkvoort
Page 4 TSX:RUG
Capital Structure
As at February 15, 2020
Outstanding Shares: 93,769,878
Options: 12,175,000 (avg. price $0.16)
Warrants: 21,702,379*
Fully Diluted Shares: 127,647,257
*Warrants are exercisable between March 20, 2020 and October 30, 2021.
Page 5 TSX:RUG
5
Rugby Projects
• Acquisition of +700 km2 superior gold portfolio 100%; no royalties; title
COLOMBIA permitting required (but no drill permitting required)
• Rugby purchased subsidiary from major global gold miner which exited
GOLD & COPPER Colombia.
PROJECTS • Undrilled porphyry copper-molybdenum-gold project: Cobrasco - 100%
Rugby; 1% NSR; working with Forestry to permit drilling; title suspended
• Drilling Permit over Mother Project granted January 2019; Drilling
PHILIPPINES commenced July 2019; Rugby earning 80%
• 500,000 oz estimated gold production; high grade epithermal vein system;
MOTHERLODE PROJECT potential extensions
• Deep Gold Copper Porphyry potential
• Option to earn 100%, 2% NSR
Argentina • Exploration expenditure CAD$3.65 Million over 6 years
• Strong North-West structures similar to Cerro Vanguardia & Cerro Moro
EL ZANJON • Detailed ground magnetic surveys advanced to delineate favorable drill
targets
AUSTRALIA • Copper-Gold project in the Pilbara, Western Australia
• Field exploration program including geophysics planned H1 2020
OTWAYS PROJECT • Drilling (permitted) to follow geophysics
Page 6 TSX:RUG
Gold & Copper Projects - Colombia
Cobrasco
Page 7 TSX:RUG
Gold & Copper Projects - Colombia
SUMMARY:
• Well selected gold project
applications within major gold
districts totalling +700sq. kms
• No high altitude ecosystem
mining restrictions.
• Recent government action in
offering mining applications for
grant
• Pastora titles now in grant
process
CURRENT PROGRAM:
• Review extensive database:
identify new gold targets
Page 8 TSX:RUG
Pastora Regional Geology
Page 9 TSX:RUG
Pastora Gold Geochemistry
Page 10 TSX:RUGPastora Gold & Silver Anomalous Sheet-Veining
Page 11 TSX:RUGTantalus Geochemistry
Page 12 TSX:RUGCopper Project - Colombia
THE SOUTH AMERICAN
“COPPER GAP”
• The map (right) shows the significant
and world-class copper projects from
Central America down to Chile.
• There is a very clear gap in copper
discoveries in Colombia
• Modern exploration yet to scratch
the surface for copper in Colombia.
• Rugby's Cobrasco Copper Porphyry
could highlight Colombia’s copper
potential
Page 13 TSX:RUGColombia: Projects with Successful Permitting for Exploration and Mining
Page 14 TSX:RUGCobrasco- Creek Cutting with Oxide Copper Mineralisation
Page 15 TSX:RUGCobrasco History: Drill Permit Application – Colombia
• ~ 44.7% of Colombia is designated as forestry reserves - land use permitting including subsurface
drilling controlled by the Ministry of Environment.
• The major copper belt in Colombia extends through Chile, Peru, is now being explored in Ecuador
and continues through Panama; the copper belt is almost completely covered by forestry reserve
designations; the copper belt lacks modern exploration.
• Pre-dating drill permitting, other extensive permitting requirements were needed with local
communities and National Government officials (Consulta Previa); successfully accomplished by
Rugby in 2013.
• Cocomacia (Afro Colombian Community) hold rights to the region and Cobrasco project area.
• Teams of Environmental Consultants visited Cobrasco in 2017 and 2018, and all reports drafted
recommended drilling.
• In 2018, Rugby reduced its drill area application from 240 hectares down to 4 hectares- the 4
hectares included only the immediate drill sites, camp, helicopter sites, and existing track
locations.
• Ministry of Environment officials (“MEO”) visited the proposed drill sites in 2018; Rugby along
with MEO agreed to eliminate and/or move some sites to more appropriate locations.
• Geophysical survey completed by contractors showed no ground water issues- this scientific
evidence was an MEO requirement.
• All 13 MEO queries raised in June 2018 were addressed by environmental consultants/Rugby.
• Ministry of Environment denies drill access in 2019, stating environmental concerns.
• Rugby continuing to work with MEO to address concerns such that drilling can be permitted.
Page 16 TSX:RUGEl Zanjón - Argentina
• 600 km2 within Deseado Massif gold and silver district
• Close Proximity to Cerro Negro, Cerro Vangurdia & Cerro Moro
Page 17 TSX:RUG
17El Zanjón - Argentina
• Option to earn 100%
• Exploration expenditure
CAD$3.65 million over 6 yrs
• Strong north-west
structures similar to Cerro
Vanguardia & Cerro Moro
• Detailed ground magnetic
surveys in H2 2019 to
delineate favourable drill
targets.
Page 18 TSX:RUG
18Zanjon Ground Magnetics and Geochemical (+ph) Sampling
Page 19 TSX:RUGMotherlode - Philippines
SUMMARY:
- Drill permit granted January 2019
- Motherlode Drilling Program Conducted 2019
- Rugby Mining option to earn 80%
- Historically “Mother Lode Mine” produced
approximately 500,000 ounces from 1 million
tonnes grading
16 g/t gold (1937-1953)*
- Premier mining district includes:
Boyongan (219 Mt @ 0.81% Cu + 0.74 g/t Au)
and
Bayugo (118 Mt @ 0.84% Cu + 0.70 g/t Au)
LOCATION:
- 17km south of Surigao City
- Good infrastructure including national
highway, sea port and daily flights to Manila
*This historical estimate is presented for reference purposes only. A
majority of the records on actual ore produced at the Mother Lode
TARGET Mine were destroyed during WW2 and by later fires. Management has
examined physical evidence at the site and available geological data to
- Depth extensions to high grade epithermal veins
confirm that the estimation is suitable for presentation.
and an underlying porphyry gold-copper deposit
Page 20 TSX:RUG
20Motherlode Mine - Philippines
HIGH GRADE EPITHERMAL GOLD TARGET – MOTHERLODE, SURIGAO DEL NORTE, PHILIPPINES
Page 21 TSX:RUG
21Motherlode - Philippines
EXPLORATION TARGETS:
Epithermal Gold:
- Extensions to old Mother Lode Mine
- SW chargeability (IP) anomaly
Deep Cu-Au Porphyry:
- Below the Mother Lode Mine
- Deep IP chargeability high below the Mother
Lode Mine and SW anomaly.
- MT survey proposed to look below existing IP
LONGITUDINAL SECTION – MOTHER LODE MINE
Page 22 TSX:RUG
22Motherlode 3D IP Showing MD009
From (m) To (m) WIDTH Au g/t Cu % Mo g/t Au eq**
MD009
343.5 928 584.5 0.29 0.27 64 0.62
Page 23 TSX:RUGOtway Copper (Gold) Project - Australia
SUMMARY:
• Targeting high-grade copper and gold
• 100% Rugby, 2% NSR to others
• Initial drill permit (granted); requires indigenous approval for additional drilling
• Highly rated investment jurisdiction
• Excellent infrastructure
• Year-round exploration
LOCATION:
• Pilbara Mining District
• 220km south of Port Hedland
• Project Area 118 km2
INFRASTRUCTURE:
• Highways
• Airport & Seaport
• Railways
• Gas & Water
Page 24 TSX:RUGOtway Tenure Showing Copper - Gold Targets
Page 25 TSX:RUGOtway Copper (Gold) Project - Australia
50m
GEOLOGY / GEOCHEMISTRY:
• Archaean Greenstone (similar to Quebec / Ontario)
• Additional potential for structurally controlled gold mineralization along major shear zones
• Very old drilling; Strong copper geochem; no gold assays (1973)
• Target: copper geochem/shear zone indicating potential major copper gold deposit at depth
PROPOSED PROGRAM:
• Bonney Downs copper-gold targets (shown)* previously identified by shallow drilling
• MT geophysical survey to test for deeper target
• Drilling to target high-grade copper-gold
*The Company will be required to conduct further assessment of previous drilling. The Company believes the data is suitable to report in presentation for informational reference only.
Page 26 TSX:RUGContact Us
For further information, please contact Rugby Mining Limited:
Canada: Australia
Suite 1660, 999 West Hastings Street Suite 202, 161 Walker St,
Vancouver, British Columbia Canada North Sydney, NSW Australia
V6C 2W2, Canada Australia, 2060
810 -789 West Pender St. Suite 202, 161 Walker Street
Toll-free: +1-855-688-4941 Vancouver,
Work:B.C.
+61 2Canada
8920 1356V6C 1H2 North Sydney, NSW,
Work: +1-604-688-4941 Fax: +61 2 8920 1356
Fax +1-604-688-9532
Phone: 604-688-4941 Australia, 2060
Toll Free: 888-688-4941 Tel/Fax: +61 2 89201356
www.rugbymining.com
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