Vr Resources Ltd. · TSXV:VRR
Vr Resources — Investor Presentation (June 2023)
27 slides from Vr Resources's investor presentation, June 2023
Slide 1: New Boston Cu-Mo-Ag Porphyry Project, Nevada
T S X . V : V R R | W W W . V R R . C A New Boston Cu-Mo-Ag Porphyry Project Nevada June, 2023
Slide 2: Mission Statement
T S X . V : V R R | W W W . V R R . C A MISSION STATEMENT WE HAVE AN OPPORTUNITY TO CREATE VALUE IN A RESOURCE INDUSTRY THAT IS SHIFTING TOWARDS THE NEEDS OF THE EMERGING GREEN ECONOMY INNOVATION・EXPERTISE・PURPOSE The Investment Driver for 2023: Planned Drilling VR is doing the R&D at the front end
Slide 3: Eight properties owned 100% in Nevada and Ontario
T S X . V : V R R | W W W . V R R . C A V R H A S A C Q U I R E D A N D A D VA N C E D E I G H T P R O P E R T I E S S I N C E 2 0 1 4 , O W N E D 1 0 0 % A N D L O C AT E D I N N E VA D A A N D O N TA R I O . N E W B O S T O N I S T H E F O C U S I N 2 0 2 3 . Good Infrastructure for Cost-Effective
Slide 4: Location matters: Nevada has pedigree in copper
T S X . V : V R R | W W W . V R R . C A LOCATION MATTERS, AND NEW BOSTON IS IN THE RIGHT NEIGHBOURHOOD: NEVADA HAS PEDIGREE IN COPPER New Boston is in the right place and is the right age for a large, polymetallic porphyry copper-moly-silver system in Nevada. Robinson mine in the Ely camp is a 100
Slide 5: US government message is clear and consistent on critical metals
T S X . V : V R R | W W W . V R R . C A U S G O V E R N M E N T M E S S A G E I S C L E A R A N D C O N S I S T E N T: B I PA R T I S A N P U S H F R O M R E P U B L I C A N S & D E M O C R AT S F O R D O M E S T I C S U P P LY O F C R I T I C A L M E TA L S F O R T H E R A P I D LY E M E R G I N G
Slide 6: New Boston is relevant to growing demand for domestic copper
T S X . V : V R R | W W W . V R R . C A N E W B O S T O N I S R E L E VA N T T O T H E G R O W I N G D E M A N D F O R D O M E S T I C C O P P E R I N T H E U S , A N D I N T U R N , T H E P R I C E O F C O P P E R I S R E L E VA N T T O T H E VA L U E P O T E N T I A L O F N E W B O S T O N . The S
Slide 7: New Boston porphyry system is about scale and location
T S X . V : V R R | W W W . V R R . C A THE NEW BOSTON PORPHYRY CU-MO-AG SYSTEM IN NEVADA IS ABOUT SCALE AND LOCATION Luning SCALE Sheeted veins and dykes with copper and moly span 4km strike LOCATION Water source and major highway just 5 km away at Luning; expert mining service companies across Nev
Slide 8: Location means infrastructure
T S X . V : V R R | W W W . V R R . C A LOCATION MEANS INFRASTRUCTURE View north at Mina, on HWY 95 in Nevada Rio Tinto JV New Boston New York Canyon Ivanhoe Electric’s White Hills 8
Slide 9: Polymetallic skarn and porphyry system at New Boston
T S X . V : V R R | W W W . V R R . C A View north at fully zoned, polymetallic skarn and porphyry system at New Boston, with copper, moly and silver in sheeted veins and dykes exposed at surface over a 4km strike East-West. Blue Ribbon East Zone breccia Cu-Mo-W skarn behind ridge Jeep Mine 4 km Mo
Slide 10: East-West long section, looking north
T S X . V : V R R | W W W . V R R . C A EAST-WEST LONG SECTION, LOOKING NORTH (SAME VIEW AS PANORAMA PHOTOS ON PRECEDING PAGE) 4km Blue Ribbon Jeep Mine East Zone NB-3 NB-4 GBR-4 NB-1 203 ft @ 0.11% MoS2 104 ft @ 0.12% MoS2 1,000 ft @ 0.082% MoS2, incl. 371 ft @ 0.14% MoS2 BR-1 92 ft @ 1.38% Cu NB-3
Slide 11: New Boston is not a high-risk, blue-sky proposition
T S X . V : V R R | W W W . V R R . C A N E W B O S TON I S N OT A H I G H - R I SK, B L U E -S KY P R O POS I TI ON T H E P R O P O S AL I S TO I D E N T I FY A N D D R I L L T H E P O R P HY RY S TO C K AT T H E C E N T E R O F T H E 4 K M V E I N SYSTEM MAP P ED AT SU R FACE, AN D TO DISCOVER ITS
Slide 12: Conoco was right: New Boston has world class attributes
T S X . V : V R R | W W W . V R R . C A C O N O C O WAS R I G H T: N E W B O S T O N H AS W O R L D C L AS S AT T R I B U T E S Size Copper Shappinggou in China is the largest primary moly mine in the world at 2.3 bt. - There is no historic copper data for the 3.14 bt geological model in the The geo
Slide 13: Innovation, Expertise, Purpose: Budget
T S X . V : V R R | W W W . V R R . C A I N N O VATI O N ・ E XP ER T I S E ・ PU R P O S E Innovation • Expertise • Purpose BUDGET Spring – Summer 2023 1. $ 30k for digitizing ALL historic data Done 2. $ 15k for one week of field-based structural mapping of veins Done 3. $ 20k to acquire airborne hyp
Slide 14: Field mapping in 2022 confirms potassic alteration
T S X . V : V R R | W W W . V R R . C A I N N O VATI O N ・ E XP ER T I S E ・ PU R P O S E F I E L D M A P P I N G I N 2 0 2 2 B Y V R C O N F I R M S T H E E X T E N T O F P O TA S S I C A LT E R AT I O N AT N E W B O S T O N , A N D T H E C O P P E R - P O T E N T I A L F O R T H E P O LY M E TA L
Slide 15: New geophysical technologies to map the porphyry stock
T S X . V : V R R | W W W . V R R . C A I N N O VATI O N ・ E XP ER T I S E ・ PU R P O S E U S E N E W G E O P H Y S I C A L T E C H N O L O G I E S I N A I R B O R N E G R A D I E N T M A G N E T I C S A N D 3 D - A R R AY DCIP GROUND SURVEYS TO IDENTIFY AND MAP THE SUBSURFACE EXTENT OF A MINERALIZE
Slide 16: Triple boom gradient airborne magnetic survey
T S X . V : V R R | W W W . V R R . C A I N N O VATI O N ・ E XP ER T I S E ・ PU R P O S E USE NEW TRIPLE BOOM GRADIENT TECHNOLOGY FOR 3 -AXIS, REAL-TIME AIRBORNE MAGNETIC SURVEY TO MAP SUBSURFACE EXTENT OF A PORPHYRY STOCK FEEDING THE SURFACE VEINS & DYKES 16
Slide 17: 3D array DCIP geophysical survey
I N N OVATI O N ・ E X PE RTI S E ・ PU RPO S E VR can use state-of-the-art 3Darray DCIP geophysical technology to map sulfide and identify the source of the Cu-Mo-Ag veins mapped on surface Innovation Expertise Purpose 3D Array DCIP survey VR Resources, Spring 2023 108 stations on equant 200m grid sp
Slide 18: 3D-array DCIP identifies IP and conductivity targets
3D-array DCIP geophysics identifies IP and Conductivity targets at Jeep Mine a n d E a s t Z o n e r e s p e c t i v e l y, f o r a d j a c e n t b u t s e p a r a t e p o r p h y r y c e n t e r s driving the system of mineralized sheeted veins at surface at New Boston Innovation Expertise Purpose
Slide 19: Integrated target map at New Boston
INTEGRATED TARGET MAP AT NEW BOSTON I n t e g r a t e d g e o l o g y, g e o p h y s i c s a n d g e o c h e m i s t r y f o r m u l t i p l e p o r p h y r y c e n t e r s a t J e e p M i n e a n d E a s t Z o n e , r e s p e c t i v e l y, a s s o u r c e f o r t h e m i n e r a l i z e d c o p p
Slide 20: GW boundary zone separates IP and conductivity targets
T S X . V : V R R | W W W . V R R . C A The GW boundary zone separates the IP anomaly targeted at Jeep mine as a porphyry center on the west end of the system at New Boston from the conductivity anomaly targeted at East Zone for a high temperature polymetallic sulfide center … and the GW boundary is
Slide 21: Immediate investment and exploration strategy for 2023
T S X . V : V R R | W W W . V R R . C A N E W B O S T O N I S A N I M M E D I AT E I N V E S T M E N T A N D E X P L O R AT I O N S T R AT E G Y F O R 2 0 2 3 , WI TH NEAR-TERM OBJECTIVES AND M I LESTONES FOR UPSI DE POTENTI AL March 2023 January 2024 December July - August US $1M Raise · Integrate
Slide 22: Value creation peaks on the Lassonde Curve
T S X . V : V R R | W W W . V R R . C A The two peaks in value creation at the front end of the Lassonde Curve demonstrate the value potential for New Boston; discovery drill holes in 2023; followed by resource drilling in 2024. … and the price strength of moly’ leverages those value creation peaks
Slide 23: New Boston: right commodity, right location, right time
NEW BOSTON T S X . V : V R R | W W W . V R R . C A T H E R I G H T C O M M O D I T Y, I N T H E R I G H T L O C AT I O N , AT T H E R I G H T T I M E Both sides of the House in Washington aim to re-establish domestic mining of critical minerals like copper for a domestic EV industry and economy for
Slide 24: Meet the team at VR
T S X . V : V R R | W W W . V R R . C A M E E T T H E T E AM AT V R T H AT H AS D O N E T H I S B E F O R E ; E X P L O R AT I O N AN D R E S E AR C H AT T H E F R O N T E N D O F D I S C O V E RY INNOVATION・EXPERTISE・PURPOSE Michael Gunning P R E S I D E N T, C E O A N D D I R E C T O R • Professio
Slide 25: Our board has created value through discovery and M&A
T S X . V : V R R | W W W . V R R . C A O U R B O AR D H AS C R E AT E D O V E R $ 1 . 5 B I N VAL U E T H R O U G H D I S C O V E RY AN D M & A I N T H E PAS T T E N Y E AR S INNOVATION・EXPERTISE・PURPOSE Darin Wagner Craig Lindsay CHAIRMAN DIRECTOR • Professional Geologist with 30+ years in mineral
Slide 26: VR's structure is tight, the treasury is solid
T S X . V : V R R | W W W . V R R . C A V R ’ S S T R U C T U R E I S T I G H T , T H E T R E AS U RY I S S O L I D , AN D T H E B O AR D I S C O M M I T T E D Innovation • Expertise • Purpose Current Structure on 109.4M Shares undiluted: IPO Structure in 2017 on 36 M Shares ($4M raise) CPC Shell 6%
Slide 27: Cautionary Statement
T S X . V : V R R | W W W . V R R . C A CAUTIONARY STATEMENT General Disclaimer This Presentation provides a general overview of the activities of VR Resources Ltd. (“VR” or the “Company”) and is not intended to be a comprehensive review of all matters concerning the Company. Subjective opinion, dep