Roxmore Resources (RM) investor relations material

Project overview and development strategy

• Converse project in Nevada holds 5.2 million ounces of indicated and inferred gold resources, with a robust development plan targeting heap-leach production.

• Preliminary economic assessment shows strong economics: 250,000 ounces/year for 14 years, with higher output in the first eight years.

• Project benefits from excellent infrastructure, expanded land package, and secure water rights, supporting operational flexibility.

• Plan of Operations covers 50 acres, enabling pre-feasibility and feasibility studies without permitting delays.

• Resource estimate was revised to a more conservative 5.2 million ounces to ensure robustness and support financing.

Financials and economics

• Operating costs are competitive at just under CAD 1,800/oz; initial capital costs estimated at CAD 830 million, including pre-stripping.

• After-tax NPV5 is CAD 2.75 billion at a base case gold price of CAD 3,600, with a 3:1 CapEx to NPV ratio.

• After-tax IRR exceeds 42% at CAD 3,600 gold price, with strong project resilience across price scenarios.

• Market capitalization is CAD 300–320 million, with CAD 35 million in cash and ongoing warrant conversions providing additional funding.

• Institutional investor base has grown, with new major shareholders joining in the past year.

Exploration and resource growth

• Ongoing 60,000-meter drilling program aims to upgrade inferred resources and expand the resource base.

• Recent step-out drilling to the west yielded high-grade intercepts, indicating potential for higher-grade resource additions.

• Two resource estimate updates are planned for next year: Q1 to include silver, and Q3 after drilling completion.

• Silver assays underway, with expectations of adding upwards of 30 million ounces of silver to the resource.

• Drill spacing for indicated status is 60 meters, aligning with regional best practices.