If You Invested in ROCKHAVEN RESOURCES LTD (RKHNF)

Rockhaven Resources Ltd. (RKHNF) is a mineral exploration company whose work is centered on the advancement of the Klaza Property, a 100%-owned, road-accessible gold-silver project located in southern Yukon. According to multiple company news releases, Rockhaven describes itself as a well-funded explorer focused on the exploration and development of this camp-scale property, which hosts the Klaza Deposit along with numerous lightly explored exploration targets.

The Klaza Property lies within the Dawson Range Gold Belt / Gold-Copper Belt of southern Yukon, an area that hosts several important mineral deposits. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment (PEA) on the Klaza deposit, documented in a technical report titled "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada" with an effective date of July 10, 2020. This technical report is referenced repeatedly in Rockhaven’s news releases as the basis for its resource and economic study work.

Focus on the Klaza Gold-Silver Project

Rockhaven’s public disclosures emphasize that its primary business activity is advancing the Klaza project through resource definition, engineering, metallurgical test work and economic studies. The company reports that the Klaza Property is camp-scale, hosts the Klaza Deposit, and contains numerous additional exploration targets that have seen comparatively limited work.

Within the Klaza project, Rockhaven has identified multiple mineralized zones, including the Western BRX Zone, Central Klaza Zone, Western Klaza Zone, Central BRX Zone, Eastern BRX, and the BYG Zone. These zones are described as hosting steeply dipping veins, breccias and sheeted veinlets within structural corridors. Company drilling and trenching programs have focused on these areas to expand and refine the mineral resource and to collect material for metallurgical and geotechnical studies.

Exploration and Development Activities

Rockhaven regularly reports on exploration programs at Klaza. For example, a 2022 diamond drilling program at the property totaled over 12,000 metres and was designed to:

• Re-categorize prioritized inferred mineral resources into indicated mineral resources;
• Expand the total mineral resource;
• Collect samples for advanced-stage metallurgical test work;
• Complete geotechnical drilling for open-pit and underground engineering; and
• Evaluate exploration targets outside the known resource areas through trenching, soil sampling and prospecting.

Results from these programs include numerous reported gold and silver intercepts from the Central Klaza Zone, BYG Zone and Western BRX Zone Extension, with Rockhaven noting that many intercepts are near surface and that certain intervals compare favorably with deposit-average grades. The company also highlights the use of geotechnical holes to support engineering studies that will feed into planned pre-feasibility work.

Metallurgical and Pre-Concentration Test Work

Beyond drilling, Rockhaven has undertaken extensive metallurgical and pre-concentration test work on material from the Klaza deposit. The company describes a multi-year metallurgical program aimed at:

• Designing a simpler and more cost-effective processing flowsheet;
• Maximizing precious and base metal recoveries to saleable concentrates; and
• Exploring ways to limit the production of fine tailings and hydrometallurgical products that require special management.

Test work conducted at specialized laboratories, including Blue Coast Research and the Saskatchewan Research Council facility, has examined flotation, dense media separation (DMS) and sensor-based ore sorting (X-Ray Transmission, or XRT). Rockhaven reports that:

• Flotation test work on master composites from key zones produced three marketable concentrates (lead, zinc and arsenopyrite) with project-wide gold and silver recoveries in the 80%+ range, and lead and zinc recoveries also in high percentages.
• The lead concentrate is described as having high grades of gold, silver and lead, while an arsenopyrite concentrate containing refractory gold could potentially be shipped off-site to smelters, reducing the need for on-site pressure oxidation and hydrometallurgy compared to the flowsheet contemplated in the 2020 PEA.
• Dense media separation test work on material from several zones rejected roughly half of the run-of-mine feed as barren coarse product while retaining high percentages of gold, silver, lead and zinc in the pre-concentrated material. Rockhaven notes that this could allow for lower cut-off grades, increased mill throughput and reduced fine tailings.
• Earlier XRT-based pre-concentration tests similarly indicated the potential to roughly double the grade of material entering a mill while reducing mill feed tonnage by more than half, with only minor metal losses.

Rockhaven states that these metallurgical and pre-concentration results may support a streamlined, conventional flowsheet with lower capital and operating costs per tonne than those described in the 2020 PEA, as well as potentially smaller grinding and flotation circuits and reduced surface tailings storage requirements. The company also notes that a geometallurgical framework based on numerous samples from across the deposit is being used to better understand metallurgical response and to inform mine planning and economic modeling.

Western BRX Zone and Trenching Programs

In addition to drilling, Rockhaven has carried out excavator trenching and test pit programs, particularly at the Western BRX Zone. A 2025 trenching program along the surface trace of this zone was designed to:

• Determine the width, grade and character of near-surface mineralization;
• Better define structural features and controls on mineralization; and
• Establish the nature and depth of the oxide-to-sulphide transition for use in planned pre-feasibility-level metallurgical studies.

The company reports that organic overburden was removed and much of the zone stripped to bedrock, with 34 vein exposures trenched and sampled along a 460-metre-long zone. Rockhaven describes near-surface mineralization as strongly limonitic and hematitic around highly fractured, pitted and vuggy quartz, with distinctive red-orange coloration that contrasts with adjacent altered granodiorite or feldspar-porphyry dyke waste rock. The company notes that sharp contacts and highly fractured wall rock may simplify extraction of a bulk sample targeting mineralized vein material at shallow depths.

Rockhaven also indicates that, due to the presence of placer gold and placer workings in the area, it has staked bench placer claims covering the Western BRX Zone in addition to the quartz claims comprising the broader Klaza property.

Corporate and Capital Markets Activities

Rockhaven’s shares trade on the TSX Venture Exchange under the symbol RK, and the over-the-counter symbol RKHNF is used for trading in other markets. The company has announced several corporate and capital markets developments, including:

• Non-brokered private placements to fund exploration at the Klaza Gold-Silver Project and for working capital, involving units composed of common shares and share purchase warrants.
• The adoption of an Omnibus Equity Incentive Plan to replace its prior stock option plan, which allows for various equity-based awards (including incentive stock options and restricted share units) up to a percentage of issued and outstanding common shares, subject to shareholder ratification and TSX Venture Exchange acceptance.
• Grants of incentive stock options and restricted share units to directors, officers, employees, consultants and advisors under its equity plans.
• The appointment of experienced industry professionals to its board and management, including individuals with backgrounds in geology, mine development, permitting, community and government relations, and capital markets.

Rockhaven describes itself as well-funded in certain news releases and emphasizes that proceeds from financings are directed primarily toward further exploration and technical work at the Klaza project, as well as general working capital.

Regulatory and Technical Oversight

The company’s technical disclosures are stated to be prepared in accordance with National Instrument 43-101. Rockhaven identifies qualified persons responsible for reviewing and approving technical information in its news releases, including geological engineers and independent consulting metallurgists. The company also outlines quality assurance and quality control (QA/QC) procedures for sampling, including the use of certified assay standards and blanks, chain-of-custody protocols, and analytical work conducted by established laboratories.

Project Advancement and Economic Studies

Rockhaven has indicated its intention to advance the Klaza project through updated mineral resource estimates and further economic studies, including a planned pre-feasibility study. Work programs described in its news releases—such as infill and step-out drilling, geotechnical drilling, metallurgical testing, pre-concentration studies and environmental and socio-economic assessment processes—are presented as components of this advancement. The company also notes engagement with First Nations and their development corporations, as well as participation in environmental assessment processes, in connection with planning for potential bulk sampling and future development scenarios.

RKHNF Stock: What Investors Track

Investors following RKHNF stock typically monitor Rockhaven’s exploration results, metallurgical and engineering updates, financing activities and corporate developments, all of which relate directly to the potential value and advancement of the Klaza project. Because Rockhaven’s public communications focus almost entirely on this single asset, understanding the geology, metallurgy, engineering work and regulatory pathway at Klaza is central to evaluating the company’s progress.