Aurvista Gold (AVA.V) Update

The Valuation / Opportunity

  • Aurvista currently trading at only ~$13USD/OZ (~$50M MC – CAD)
  • Recently completed ~24,000 metres of drilling not included in latest Resource Estimate
  • The Company has refined it’s go-forward exploration plans and is preparing for next round of ~30,000 metres this winter, which will include resource extension/expansion drilling and greenfields/discovery drilling
  • As awareness increases the Company should see a re-rating based on the current asset and strong team now behind it…not to mention any further drilling success, new discoveries, resource growth or strength in the gold market — any combination of which are very possible in the months ahead

The Asset

  • Established Resource (2.8M ounces @ 1.05 g/t Au (0.5 g/t Au – cut-off)
  • High-grade gold lenses have never been mined with excellent brownfields potential to increase ounces with further drilling along strike and plunge
  • More than 220,000 metres of drill core archived onsite and in great condition
  • Tremendous greenfields exploration and new discovery upside with 330+ sq km property package
  • NSR/Royalty free except for 1% NSR that covers only 40k ounces of the current resource

The Team

  • Industry Expert Team in place within 1 quarter of new CEO appointment
  • Former Executive VP of Ivanhoe Mines (12 years with Robert Friedland) joined as CEO end of May 2017
  • New Tech Committee established, led by world-class geologist, David Broughton
  • New board of directors appointed

Location & Infrastructure

  • Located in one of the best mining jurisdictions in the world (Quebec, Canada)
  • More specifically, the Abitibi Greenstone Belt:
  • Abitibi Greenstone Belt: 180M+ ounces of gold produced to-date
  • More than $7B in gold M&A / transactions over last 5 years alone – where major gold companies look for growth assets
  • Several large operating mines within 150km of the project (Detour 23M oz, Malartic 10M oz etc.)
  • Drive up access off HWY 109, Rail within 50km, main powerline right through the project
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