Vr Resources Ltd. · TSXV:VRR
Vr Resources — Investor Presentation (May 2023)
24 slides from Vr Resources's investor presentation, May 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 May, 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 on domestic critical metals supply
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 95 Jeep Mine LOCATION roads Water source and major highway just 5 km away at Luning; expert mining service c
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 view north
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 HWY 95 Cu-Mo-W skarn behind ridge Jeep Mine 4
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 A L 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 IT
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: 2023 exploration 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 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 hyperspectral data from SpecTIR Scop
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: 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 15
Slide 16: 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 17: Airborne magnetic survey to map 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 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 Jeep Mine 2,100 m strike E-W East Zone Shee
Slide 18: 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 19: Lassonde Curve value creation peaks
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 20: New Boston: right commodity, location and 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 21: Meet the team
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 22: Board 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 23: VR's structure is tight, 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 109M Shares undiluted: IPO Structure in 2017 on 36 M Shares ($4M raise) CPC Shell 6% 1
Slide 24: 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