Interview with James Withall, CEO of Rupert Resources Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/rupert-resources-rup-mine-builders-attracted-to-large-gold-developer-3188

Recording date: 6th December 2023

Ikkari Shaping Up as a Potential Tier-One Gold Asset

Rupert Resources has continued to advance its 100% owned Ikkari discovery in Finland towards becoming a marquee gold project. A recently updated mineral resource estimate has outlined an initial 4 million ounces of indicated gold resources, achieving a key de-risking milestone.

Unlike most gold deposits restricted to narrow veins, Ikkari contains exceptionally wide mineralized zones exceeding 200 meters. This extensive width enables substantially lower-cost bulk underground mining methods compared to conventional narrow vein development.

The reported global resources include a sizeable 2.65 million ounce open pit component at 2.2 g/t gold. Additional higher-grade underground resources contain another 1.4 million ounces. The consistent grades retained across a range of cut-off levels highlight the deposit's robust nature across mining scenarios.

Ongoing pre-feasibility level studies initiated earlier in 2023 are targeting completion by mid-2023. These evaluations will generate crucial technical and economic parameters for feasibility assessments and development decisions. Thanks to the deposit's favorable geometry, Ikkari appears capable of delivering attractive financial returns over a potentially extensive mine life.

While advancing Ikkari towards production, Rupert Resources is returning focus to the substantial regional exploration potential across its widespread land package. The Ikkari discovery resulted from the company's systematic exploration efforts across the emerging Central Lapland Greenstone Belt. Numerous early-stage discoveries have been identified along a highly prospective 12 kilometer mineralized corridor. Most of these targets, including areas surrounding Ikkari, have seen only minimal drill testing.

With over C$50 million in its treasury, Rupert Resources is fully funded to simultanously advance engineering studies at Ikkari while accelerating exploration programs across high-priority regional targets. Success in outlining additional near-surface mineralization could meaningfully augment Ikkari's production profile in future development scenarios.

In summary, recent technical de-risking has transformed Ikkari into a potentially tier-one gold project. Upcoming prefeasibility assessments will quantify the asset's formidable economic prospects. In parallel, resumed regional exploration provides investors with considerable additional upside potential as Rupert Resources seeks to outline Finland's next major gold mining district.
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