Titan Minerals Ltd · ASX:TTM
Titan Minerals — Merger or Acquisition (May 2019)
20 slides from Titan Minerals's merger presentation, May 2019
Slide 1: Business Combination
Business Combination Creating an Emerging Ecuador and Peru Focused Gold Explorer, Developer and Producer INVESTOR PRESENTATION | MAY 2019
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS NOT AN OFFER OF SECURITIES FORWARD LOOKING STATEMENTS (CONT’D) This presentation has been prepared by Titan Minerals Limited (“Titan”) and is provided for informational purposes only. This Actual results could differ materially from those anticipated in the
Slide 3: Dynasty Goldfield – Resource Summary (December 31, 2018)
DYNASTY GOLDFIELD – RESOURCE SUMMARY (December 31, 2018) MINERAL RESOURCE ESTIMATE, DYNASTY GOLDFIELD PROJECT Titan believes that the Foreign Estimate is sufficiently reliable with estimation methodologies and data compilation work acceptable for methodologies used at the time of their estimation to
Slide 4: Transaction Highlights
TRANSACTION HIGHLIGHTS Creating an Emerging Ecuador and Peru Focused Gold Explorer, Developer and Producer Expected Strong Financial ▪ Access to minimum A$20M in new equity at closing and additional US$10M financing to be credit committed at closing Position to Fund ▪ Pro-forma cash position of ~A$2
Slide 5: Transaction Summary
TRANSACTION SUMMARY A Compelling Value Proposition through the Combination of Like-Minded Companies ▪ All-share transaction: 20.0 Titan Shares per Core Share, equivalent to C$0.39 per Core Share(1) ▪ Expected pro-forma market capitalization of approximately All-Share Transaction A$143M2) ▪ Pro-forma
Slide 6: Asset Overview – Ecuador
ASSET OVERVIEW – ECUADOR DYNASTY GOLDFIELD PROJECT (FLAGSHIP) ▪ Indicated Resource: 991k oz Au (6.6Mt @ 4.7 g/t Au)(1) ▪ Inferred Resource: 1.1m oz Au (7.8Mt @ 4.4 g/t Au)(1) ▪ Cerro Verde small scale operation on <5% of Dynasty Goldfield ▪ 30km2 of high grade Au-Ag quartz vein swarms PORTOVELO MILL
Slide 7: The Dynasty Gold District
THE DYNASTY GOLD DISTRICT INVESTOR PRESENTATION | MAY 2019 PAGE 6
Slide 8: Dynasty Goldfield
DYNASTY GOLDFIELD The Dynasty Gold District has a robust exploration portfolio to execute a near-term drill program ▪ Located 15km from Pan American Highway ▪ 30km2 of high grade Au-Ag quartz veins and stockworks ▪ First open pit gold mine permitted for production in Ecuador ▪ Limited drill testing,
Slide 9: Copper Duke
COPPER DUKE ▪ 13 contiguous concessions totalling ~13,000 ha ▪ Environmental License (drilling permit) received (1) ▪ Multi-phase porphyry System, includes two styles of mineralization: o 1) porphyry copper-gold associated with hornblende porphyry, and calcite healed breccia zones o 2) epithermal go
Slide 10: Linderos
LINDEROS High grade gold at-surface mineralization discovery ▪ Located SW in the Province of Loja, near the Peru border, included in a block of four contiguous concessions totaling 14,317 hectares ▪ Results of 2018 drilling campaign include the following select intervals(1): o 5.94 m @ 10.78 g/t Au
Slide 11: Ecuador: A New Mining Era
ECUADOR: A NEW MINING ERA Country Overview Compelling Mining Investment Rationale ▪ Located at the “hinge” of the Andes between mineral- No gold export Friendly Mining Stable mining Underexplored Ministry & vs. Peru or rich Peru and Colombia restrictions laws Government Colombia ▪ Since 2015, Ecuado
Slide 12: Production Assets
PRODUCTION ASSETS Portovelo Mill & Plant (Ecuador) ▪ Largest fully permitted Carbon-in-Pulp (“CIP”) plant currently operating in Ecuador ▪ Nameplate capacity of 2,000 tpd ▪ Plant optimization work scheduled for 2019 provides for potential increase in throughput and recoveries ▪ Processes all materia
Slide 13: Asset Overview – Peru
ASSET OVERVIEW – PERU VISTA GOLD PLANT ▪ Brand new CIP gold plant, Commissioned for Commercial Production subject to final licencing ▪ Recent Titan acquisition in H2 2018 ▪ Titan’s highly experienced Peruvian operations team accelerated project development in 2018 ▪ Infrastructure and key personnel
Slide 14: Peru Exploration Projects
PERU EXPLORATION PROJECTS Coriorcco Gold Project Las Antas Gold Project ▪ Coriorcco Gold Project hosts multiple mineralised veins at ▪ Early stage gold exploration project, located 80km east >1.2m widths at surface of the Vista Gold Plant ▪ Project is ready for early stage development for small-scal
Slide 15: Next Steps – Go Forward Plan
NEXT STEPS – GO FORWARD PLAN EXPLORATION Drilling at DGF Geophysical, Geochem Surveys Drilling at Linderos, Copper Duke, Step-out Drilling at DGF Las Antas ▪ Commence delineation ▪ Complete airborne surveys on ▪ Commence exploration drill program DGF, Copper Duke and Linderos ▪ Maiden drill tests at
Slide 16: Leadership: New Board & Executive Team
LEADERSHIP: NEW BOARD & EXECUTIVE TEAM ▪ Founding Director of Diamond Fields Resources (sold to Vale Inco for $4.3Bn in largest junior mining takeover in Gregg J. Sedun Canadian history), Founding Shareholder of Peru Copper (sold to Chinalco for C$875M), Founding Director of Non-Exec Director Adastr
Slide 17: Pro Forma Capitalization
PRO FORMA CAPITALIZATION Combined company to have a pro-forma market capitalization of A$143M(1) Units Core Titan Pro-Forma (3)(4) Share Price (As at 10 May 2019) $/sh C$0.39(1) A$0.021 Shares Outstanding (Basic) M 164.3 2,563.7 680.2 Options & Warrants M 41.9 45 88.3 Performance Rights M nil 80.5 8
Slide 18: Dynasty Goldfield: A High Grade Open Pit Gold Project
DYNASTY GOLDFIELD: A HIGH GRADE OPEN PIT GOLD PROJECT DGF Ranks Highly Among High Grade Open Pit Gold Projects Globally Select High Grade Open Pit Gold Projects (Global Comparison)(1)(2) 9.0 7.9 7.8 8.0 7.5 Dynasty Goldfield 7.0 6.2 6.1 5.9 M&I Grade (Au g/t) 6.0 5.2 5.0 5.0 4.8 4.7 4.6 4.6 4.6 4.1
Slide 19: Appendix: Footnotes
APPENDIX: FOOTNOTES TRANSACTION HIGHLIGHTS ASSET OVERVIEW – PERU Source: Bloomberg. Assumes FX rates of AUD:CAD of 1.07, USD:AUD of 1.43, USD:CAD of 1.34 (1) As per Titan’s press release dated 22 April, 2019 (1) Based on Galaxy and Dundee Precious Metals’ closing prices on February 22, 2019 (2) As p
Slide 20: Contact Us
CONTACT US Matthew Carr Executive Chairman info@titanminerals.com.au www.titanminerals.com.au