Rio2 Limited

Stage of development:Exploration, Development
Primary minerals: Gold
Project to promote: Fenix Gold Project

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Rio2 is building a multi-asset, multi-jurisdiction, precious metals company focused in the Americas. With projects in Chile and Peru, Rio2 will continue pursuing additional strategic acquisitions to compile an attractive portfolio of precious metals assets where it can deploy its operational excellence and responsible mining practices to create value for its shareholders.

Management Profile

Alex Black, President& CEO

Mr. Black lives in Lima, Peru and has 35 years’ experience in the mining industry. Mr. Black holds a BSc in Mining Engineering from the University of South Australia and is a member of the Australasian Institute of Mining and Metallurgy.

Prior to moving to Peru in 2000, Mr. Black was the founder and Managing Director of international mining consulting services group Global Mining Services from 1994 to 2000. In 1996, Mr. Black also founded and was Chairman of OFEX listed AGR Limited with exploration projects in Ghana and Mongolia. In 2002, Mr. Black took control of Chariot Resources Limited as a listed TSXV shell and played a key role in the acquisition of the Mina Justa Copper Project and formation of the Korean joint venture with Chariot Resources. Upon his resignation as Chairman & Executive VP of Chariot Resources in 2006, Mr. Black founded the Peruvian registered Rio Alto S.A.C.

In 2009 after successfully negotiating the acquisition of the La Arena Gold Project from Iamgold Corp, Rio Alto was acquired by Mexican Silver Mines and renamed Rio Alto Mining Limited. In 2014, Rio Alto also completed the successful acquisition of Sulliden Gold and the Shahuindo Gold Project for C$300M. Mr. Black, as President & CEO of Rio Alto Mining Limited and his experienced management team built Rio Alto from a C$12M company in 2009 to a C$1.2Bn company in 2015 at the time of the acquisition by Tahoe Resources Inc.

What is your rationale for attending 121 Mining Investment?

I heard it was one of the better one on one conferences available

What recent news would you like to highlight to investors attending?

a. Closing of CAD$25M Bought Deal Private Placement (with a $9.8M participation by Eric Sprott)
b. Release of Updated Prefeasibility Study for the Fenix Gold Project in Chile

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete the Project’s EIS baseline study for Fenix Gold

6 Months:

Prepare and file the EIS study for Fenix Gold with the Chilean authorities

12 Months:

Complete engineering studies in preparation for future Fenix Gold mine construction activities

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The key risk at the moment is to have enough money to take the company through to construction at Fenix. We recently completed a C$25m financing and will be looking for further money for the construction of the project in late 2021.

In a sentence, what do you think makes your company such a compelling investment?

Cheap valuation and the fact that we have a very large undeveloped gold project in a favorable jurisdiction in Chile. We also have one of the best management teams in Latin America with recent gold mine development, construction and operating experience.