INVESTOR PRESENTATION - February 2022 - Cobrasco Copper Project, Colombia - TSX-V:RUG - Rugby Mining ...
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Cobrasco Copper Project, Colombia
INVESTOR PRESENTATION
February 2022
TSX-V:RUG
1
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 proposed exploration plans for the Cobrasco Copper Project in Colombia and the Salvadora project in
Chile, progress on obtaining approval for its exploration concession applications in Colombia, the expected timing of drilling and/or geophysics programs, budgeted costs
to conduct exploration programs including drilling, high grade potential and potential for mineral discoveries at its projects and the style or occurrence of the
mineralization 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. The
Company holds certain of its projects, including Salvadora, under option agreements, which require annual cash payments, expenditure and/ or drilling requirements in
order to maintain its interest. Should the Company not be able to meet its obligations or renegotiate the agreements it will lose its rights under the option agreement.
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 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 programs; difficulties in arranging contracts for drilling and
other exploration services; the Company’s dependency on equity market financings to fund its exploration programs 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 or exploration of mineral properties in the Philippines, Argentina, Chile and Colombia 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, the ongoing effects of the COVID 19 pandemic and
including those described in each of the Company’s management discussion and analysis and those contained in its financial statements for the year ended February
28, 2021 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, COO, Director and a “qualified person” within the definition of that term in NI 43-101, has supervised the preparation of the technical information
contained on this presentation. Some of the information presented is historical in nature and the Company will be required to do further assessment of this data.
2 TSX-V:RUG
RUGBY’S BOARD, MANAGEMENT & CAPITAL STRUCTURE
Board of Directors
Bryce Roxburgh President & CEO Capital Structure
Yale Simpson Chairman
Cecil Bond As at February 12, 2022
Director Finance
Glen van Kerkvoort Director and CTO Outstanding Shares 192,449,658
Rob Reynolds Non-Executive Director
Merfyn Roberts Non-Executive Director Outstanding Options 15,000,000
Peter Love Non-Executive Director (avg. price $0.11)
Outstanding Warrants 38,244,296*
Fully Diluted Shares 245,693,954
Management Team
*Outstanding warrants range in price and include $0.20, $0.12, $0.17 and
Glen van Kerkvoort CTO 25+ Experience $0.20 and are exercisable until, March 17, 2022, July 23, 2022, October 30,
Paul Joyce COO 40+ Experience 2022, and April 26, 2023, respectively.
Alejandro Adams CFO 10+ Experience
Arturo Correa Exploration Manager 25+ Experience
Rob Grey VP Corp Communications 20+ Experience
Jon Hermanson VP Corp Development 15+ Experience
TSX-V:RUG
3
THE RUGBY PORTFOLIO
Major copper-molybdenum porphyry system with evidence of significant potential discovery
Colombia Not drilled since discovery in 1980’s
Rugby to initiate environmental assessment for forest protection, mapping, geochemistry, soil sampling and geophysics
Cobrasco Copper Drilling to be scheduled on completion of environmental assessment and exploration program
100% owned
Silver-copper mineralization over 7 km strike length, 40 kms south of El Indio gold mine (Barrick Gold)
Silverado and Cumbres sites of artisanal high grade silver mining
Chile Prospecting, mapping, sampling and geophysics in progress
Salvadora Drilling approved from 39 drill platforms in Q-4 2022
Option to purchase 100%
599 km2 Exploration licence south of world class AngloGold Cerro Vanguardia gold mine
Argentina Geophysics and soil sampling provide evidence of large gold-silver system – work continuing
El Zanjon Never drilled - application for drilling permit submitted
Option to purchase 100%
Colombia Acquisition of 845 km2 superior gold portfolio in 2016;
100% Rugby; no royalties; title permitting required (no drill permit required)
Gold Projects Rugby purchased from major gold company – historic expenditures +$15 million
Option to earn 80%; Drill permitted
Philippines Motherlode drilling program 2019 with encouraging copper gold porphyry results
Motherlode Mine produced approximately 500,000 ounces from 1 million tonnes grading 16 g/t gold(1937-1953)*
Motherlode Premier mining district includes: Boyongan (219 Mt @ 0.81% Cu + 0.74 g/t Au) andBayugo (118 Mt @ 0.84% Cu + 0.70 g/t Au)
Otway Copper-Gold project is located in the Pilbara, Western Australia
Australia Rugby controls mineral property concessions which cover prospective areas for gold and copper mineralization in the Pilbara region
Otway & The Georgetown Project covers a large underexplored land position in a very favourable environment to host gold, silver, copper, lead, zinc, tin and
Georgetown potentially lithium deposits.
Seeking joint venture partners
TSX-V:RUG
COBRASCO – RUGBY’S COPPER TARGET IN COLOMBIA
TSX-V:RUG
COPPER IN COLOMBIA
• Major belt of copper deposits
extends from Panama to Chile – 50%
of world production
• Colombia portion of belt unexplored
(“Colombia Gap”) due to historical
conflicts
• Regional sampling in 1980’s
identified Cobrasco as significant
copper-molybdenum system in
Choco Copper Belt
• January 2022 resolution allows
drilling under strict guidelines
TSX-V:RUG
COBRASCO - COLOMBIA
SUMMARY:
• 100% Rugby, undrilled copper –
molybdenum (Cu-Mo) porphyry at
surface (subject to 1% NSR)
• Location: Western Cordillera,
Colombia
• Discovered 1980’s
• Topography 300m - 450m elevation
• Rugby airborne magnetics defined
Cobrasco porphyry coincident with
historical
mineralization/geochemistry
• NI 43-101 site visit confirmed
historical findings
TSX-V:RUG
COBRASCO - COLOMBIA
LOCATION:
• 100km west of Medellin; 95km from Pacific coast
• 35km from Quibdo, Choco Provincial capital
• Project area of 30km2; low elevation, river access
GEOLOGY:
• Large Cu (bornite)-Mo porphyry at surface
• Stockwork and disseminated mineralization
GEOCHEMISTRY:
• Regional geochemical samples taken
• Large +3km2 Cu anomaly - typical porphyry
metal zonation
• Stream sediment samples up to 1.4% Cu
• Numerous rocks > 1.0% Cu
GEOPHYSICS:
• Prominent magnetic lows - probable magnetite
destruction by porphyry intrusives
SOCIAL PROGRAM:
• Signed Community Agreement over Cobrasco
TSX-V:RUG
SIGNIFICANT WORK COMPLETED
2013: CONSULTA PREVIA
• Completed Consulta Previa Agreement in May
2013 with the Cocomacia Community
• Provides access to Cobrasco for 10 year period
upon commencement of exploration
• Broadly based-provides economic assistance to
local community
2014: NI 43-101 SITE VISIT CONDUCTED:
• Water Permits (approved): Choco Regional
Environmental Agency technicians present
• NI 43-101 Report confirmed historic data; sampling
assays to 1.6% Cu, 53 ppm Mo
2017 ENVIRONMENTAL BASE LINE PROGRAM:
• Team of environmental consultants visited
Cobrasco in October 2017 to collect additional
primary environmental information
TSX-V:RUG
RUGBY’S COMMITMENT TO THE ENVIRONMENT
• Rugby fully supports and encourages only ENVIRONMENTALLY RESPONSIBLE EXPLORATION
• Rugby has always been committed to Environment Protection and only implementing exploration Industry best practices
• Rugby has previously implement highly constructive and beneficial environmental programs in the past
(picture below left: Rugby’s successful reforestation program at the Mabuhay Project, Philippines)
• Plans are underway to develop its “Cobrasco Environment Protection Protocols”.
• Rugby plans to consult with environment scientists and experts to ensure exploration is done responsibly.
• Sampling, monitoring, and environmental protective measures will be repeated and enhanced at Cobrasco (shown below)
RUGBY REFORESTATION PROGRAM RUGBY WATER MONITORING RUGBY WATER TESTING LOW IMPACT ACTIVITIES
TSX-V:RUGCOMMUNITY PROGRAMS
AT COBRASCO
• Strong support from the Cocomacia
Community
• Rugby has sponsored community social
development programs ahead of field work COMPANY SPONSORED SCHOOL IMPROVEMENT PROGRAM
• Consulta Previa community agreement will
provide economic assistance once
exploration programs are initiated
TSX-V:RUGUPCOMING PROGRAMS
March - April 2022
• Environmental assessment
• Forest and soil characterisation
• Soil multi-element testing
• Select drill sites with negligible forest
degradation potential
• Geological mapping
• Environmental documentation
April- June 2022
• Continue environmental assessment
• IP Geophysical Program
• Rock chip sampling
• Drill site preparation
• Environmental documentation
June – July 2022
• Drilling of selected sites
• Environment inspection, monitoring
• Drill site restoration of drill
TSX-V:RUGLarge undrilled silver-copper-gold mineralized
SALVADORA PROJECT hydrothermal system in the El Indio Metallogenic Belt
• 7 km long mineralized alteration
corridor with numerous high-grade
silver, copper and gold artisanal mines
ANTOFAGASTA
• Drill permitted. Never previously drilled,
never explored by modern methods
Salvadora • Rugby has established a 100% control
over the fragmented property ownership
SANTIAGO creating a single contiguous block to be
explored and drilled as a single project
Salvadora • Several characteristics similar to the
nearby El Indio mine which produced
over 5 million ounces of gold with 2
million ounces being direct shipping ore
(121 g/t gold)
• 2.5 hours drive by paved International
Highway from the Coquimbo deep water
port and La Serena capital with a
population of 500,000. 8 daily flights
connecting to Santiago.
TSX-V:RUG
5LEGEND
Hydrothermal Breccia
EL INDIO BE LT GEOLOGY Volcano - Sedimentary
Miocene
Eocene - Oligocene
Jurassic - Cretaceous
Paleozoic - Triassic
Intrusive Rocks
17.6 Moz Au Miocene
+ 585 Moz Ag 12.9 Moz Au
+ 204 Moz Ag Eocene - Oligocene
Paleozoic - Triassic
Faults
Inset
4.9 Moz Au @ 6.6 g/t
+ 37.3 Moz Ag @ 50 gt
+ 928 Kt Cu @ 4 %
8.9 Moz Au Salvadora
Modified after the “Barrick
Alturas – Geology &
Discovery” presentation,
Salvadora
Toronto Geological Discussion
Group April 2016
25km 6
6Rock Silver g/t
500 to 5000
SALVADORA SILVER-COPPER PROJECT 200 to 500
100 to 200
50 to 100
7 km mineralized corridor of altered rock with silver, copper and gold 0 to 50 Cumbres Mine
The processed satellite image to the right shows a light band of leached, altered rocks which
are the host to mineralization on the Salvadora Project.
Silver values from rock samples collected along the mineralized structure are coloured
according to the assay values returned which are indicated in grams per tonne (g/t). Negrita Mine
Areas without sampling are mostly covered by talus.
“Silver, copper and gold mineralization is exposed at surface
along the seven kilometre length of the Salvadora system.
“That is not common in exploration and provides us with
strong confidence that the system is large, it is very
extensive. That is surely what attracted all the historic small
miners to the area.
San Jose Mine
“Our current exploration is aimed at acquiring data to help
identify where the mineralization is thickest so that we can
Calabozo Mine
drill those areas first”.
Arturo Correa, Exploration Manager
7HISTORICAL WORKINGS
AT SALVADORA
• Artisanal miners explored silver-copper-gold
bearing epithermal veins exposed within the talus
along a corridor of altered rocks. Several of the
veins were selectively mined, mostly last century.
• One production record shows 56 tons of ore
grading 25.3% copper, 3,000 g/t silver and 6.7 g/t
gold from the San Jose mine and processed at the
nearby government run ENAMI treatment
plant.
• In 2002, Rio Tinto visited the Calabozo area and
collected 21 rock samples that returned values up
to 1,275 g/t silver, 9.89 % copper, 32.0 g/t gold
and 15% lead.
• During 2018-2019 Consultorías Geológicas
Pronóstico Limitada collected 146 rock chip and
channel samples. Samples were only assayed for
silver and copper and selectively for gold, lead and
zinc. Assays returned high grades to 1,429 g/t
silver, 8.6% copper and 4.63 g/t gold.
8SALVADORA
MINERALIZATION STYLES
• As with similar style deposits in the El Indio Belt, at
Salvadora the best mineralization is controlled by
major mineralizing fluid up-flow conduits. Such
conduits can be recognized by distinct
mineralization styles and genetic relationships.
• The El Indio gold-copper-silver deposit located 40
km due north from Salvadora, contains a variety of
vein textures with two main events being an early Quartz rich structure Sulfide mineral rich structure
copper rich vein set and a later gold rich vein set.
• Observations of vein mineralogy and textures on
the Salvadora project indicate that distinct genetic
events have occurred there as well.
• Mineralogy and textures observed at Salvadora
have enabled its classification as an ‘Intermediate
Sulfidation Structurally Controlled Epithermal
Silver-Copper-Gold System’. This same
mineralization style is also recognized at the El
Indio deposit.
9 Coarse grained quartz Fine grained porcelaneous quartzSALVADORA – EXPLORATION PROGRAM
• Helicopter borne magnetic-scintillometer survey over entire property – completed November 2021
• Detailed geological mapping and sampling program - ongoing
• Electrical geophysical survey
• Drill permits in-hand
• Drill planning for Q4 - underway
Enhanced satellite imagery of the Salvadora project exhibits a prominent 7km alteration zoneDESEADO PROJECTS, SANTA CRUZ, ARGENTINA
Rugby Property
Futuro
(RUGBY) Mine Site
Altiro
(RUGBY)
Cerro Bayo
(EQUUS)
0.7 Moz Au | 60 Moz Ag
$7 M placement Cerro Negro
21/05/2021 (NEWMONT)
6.7 Moz Au | 50 Moz Ag
Venidero
(RUGBY) Don Nicolas
Joaquin (CERRADO GOLD)
(PAN AMERICAN)
57 Moz Ag
100 km Vanguardia
(ANGLOGOLD) Cerro Moro
8.9 Moz Au | 137 Moz Ag
(YAMANA)
1.2 Moz Au | 75 Moz Ag
Manantial Espejo
(PAN AMERICAN) Zanjon
0.8 Moz Au | 60 Moz Ag (RUGBY)EL ZANJON - ARGENTINA
• The El Zanjon gold-silver project located
within the Deseado Massif, Santa Cruz
province
• El Zanjon has project area of 599 km2 and
is located near such world class mines as
Cerro Negro (Newmont-Goldcorp), Cerro
Vanguardia (AngloGold Ashanti) and Cerro
Moro (Yamana)
• Strong magnetic north-west structures
similar to Cerro Vanguardia & Cerro Moro
• Structures covered by recent gravels and
cover up to 100m thick. Ionic leach soil
results positive for gold and silver
• Ground magnetic and low level
geochemical surveys being extended.
• Drilling application submitted
Major fault zones and priority targets
12EL ZANJON – EXPLORATION CONDUCTED
• Detailed ground magnetics define
geology of bedrock below cover
material. Program to be extended
• 876 ultra low-level multi-element
ionic leach soil samples collected
• Clustering of anomalous samples
along strong magnetic lineaments
indicates potential gold-silver veins
• Coincident low pH in soils indicative
of weathering of metallic sulfide
minerals
• Drill permitting application lodged
Silver soil geochemical anomalies and RTP ground magnetics
13EL ZANJON - TARGETING
• Ground magnetic surveys have outlined
prospective structures for hosting
epithermal gold-silver mineralisation
• Ultra low level Ionic Leach soil
geochemistry is “seeing” through cover
up to 100 metres thick.
• Potential metal leakage confirmed
from the underlying bedrock,
particularly in areas of interpreted
fault flexures.
• More detailed soil sampling
underway.
Low level Silver soil geochemical sampling sites/values superimposed on magnetics (RTP)EL ZANJON – CURRENT EXPLORATION
• Follow up in-fill soil sampling and ionic
leach geochemistry program
• 650 line kilometres of additional
ground magnetics. Data will be
modelled using 3D inversion processing
• Drill target prioritising
• Drilling application submitted
Geologist collecting soil sample during the ionic leach soil sampling program
15CONTACT US
CANADA
810-789 West Pender Street,
Vancouver, BC,
Canada V6C 1H2
Toll-free: +1 855 688 4941
Tel:+1 604 688 4941
AUSTRALIA
Suite 603, 161Walker Street
North Sydney, NSW,
Australia, 2060
Tel: +61 289201356
info@rugbymining.com
1Quoted Resource References
• Pascua Lama – 17.6 million ounces of gold and 585 million ounces of silver -Barrick Gold Corporation, Annual Report, 2004
• Veladero – 12.9 million ounces of gold and 635 million ounces of silver - http://www.portergeo.com.au/database
• El Indio – 4.9 million ounces of gold, 37.3 million ounces of silver and 928,000 tons of copper - http://www.portergeo.com.au/database
• Alturas – 8.9 million ounces of gold - Barrick’s Annual Information Form for the year ended December 31, 2019
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