Tnr Gold Corp. · TSXV:TNR
Tnr Gold — Investor Presentation (February 2019)
34 slides from Tnr Gold's investor presentation, February 2019
Slide 1: The Power of Discovery
The Power of Discovery February 2019 Building The Green Energy Metals Royalty Company
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION OF TNR GOLD CORP. (“TNR”) TSXV: TNR www.tnrgoldcorp.com
Slide 3: Cautionary Note to US Investors
CAUTIONARY NOTE TO US INVESTORS TSXV: TNR www.tnrgoldcorp.com
Slide 4: Leadership: Board of Directors, Management
LEADERSHIP Board of Directors Management Kirill Klip, MBA – Executive Chairman Kirill Klip, MBA – President and CEO John Davies Maurice Brooks, B. Sc., FCA (ICAEW) – CFO Greg Johnson, B.Sc. Anthony Kovacs – Chief Operating Officer Natalia Lobanova Nancy La Couvée – Corporate Secretary Roberto Lara –
Slide 5: Corporate Culture
CORPORATE CULTURE Project Portfolio Experienced Management Team Strategic energy metals focus: lithium and copper Management Gold and precious metal assets Strong ownership by insiders and management Proven Business Model Identify and acquire projects at an early stage Selectively advance projects U
Slide 6: Global Assets
GLOBAL ASSETS Shotgun Gold Project CURRENT HOLDINGS Vancouver London Los Azules Copper Project, Argentina • World Class Cu-Au deposit • TNR holds 0.36% NSR Royalty • 100% owned by McEwen Mining Shotgun Gold Project, Alaska Los Azules Copper • Porphyry gold deposit Project • Multi-million oz potentia
Slide 7: Assets: Argentina
ASSETS ► Argentina REUTERS TSXV: TNR www.tnrgoldcorp.com CNN
Slide 8: Assets: Argentina
Financial Times ASSETS ► Argentina “People are more confident in the future, the economy, in making investments. They are tired of corruption and populism,” Cecilia de Francesca. REUTERS TSXV: TNR www.tnrgoldcorp.com
Slide 9: Assets: Los Azules
ASSETS ► Los Azules 100% owned by McEwen Mining Inc. Argentina is one of the largest economies TNR holds a 0.36% NSR in Latin America. royalty Argentina is currently undergoing an economic transformation and integration into the global economy. McEwen Mining Presidential elections at the end of 2015
Slide 10: Los Azules Resource
► Los Azules Resource Los Azules ranks as one of the top 2 or 3 world class deposits that are “for sale” and in a low risk jurisdiction Estimate of Mineral Resources by Type (0.20% Cu cut-off)(1) Note: Mineral resources do not have demonstrated economic viability. TNR holds a 0.36% NSR royalty (1)Te
Slide 11: Los Azules Resource
► Los Azules Resource Longitudinal Section Through the Los Azules Deposit (looking west – southwest) McEwen Mining Total contained copper is 4.6Mt (Indicated) and 8.8Mt (Inferred)2 The copper resource contains 10.2 billion pounds Indicated and 19.3 billion pounds Inferred2 Total contained gold is 1.
Slide 12: Los Azules PEA Annual Production
► Los Azules Los Azules PEA Annual Production If It Were in Production Now, Referenced to 2017 World Copper Mine Production (4) (4)Please refer to technical disclosure statements (1 and 3) regarding the PEA. McEwen Mining TSXV: TNR www.tnrgoldcorp.com 12
Slide 13: Los Azules PEA C1 Cost per Pound Copper
► Los Azules Los Azules PEA C1 Cost per Pound Copper If It Were in Production Now, Referenced to 2017 World Copper Mine C1 Cost (4) (4)Please refer to technical disclosure statements (1 and 3) regarding the PEA. McEwen Mining TSXV: TNR www.tnrgoldcorp.com 13
Slide 14: Los Azules Preliminary Economic Assessment
► Los Azules Preliminary Economic Assessment 2017 PEA Highlights(1,3) Base Case ($3.00/lb copper, $1,300/oz gold, $17/oz silver) • $2.2 billion After-Tax NPV (8% discount rate) and 20.1% After-Tax IRR • 3.6 year payback and a 36 years Life of Mine (LOM); • 415 million lb average annual copper produc
Slide 15: Los Azules PEA: Commodity Price Assumptions
► Los Azules PEA: Commodity Price Assumptions $3.00/lb copper Undiscounted Cash Flow Waterfall Diagram for the Life of Project(4) $1,300/oz gold $17/oz silver Undiscounted net smelter return, over the life of the mining project $35.2 billion McEwen Mining (4)Please refer to technical disclosure stat
Slide 16: Potential Value of TNR's NSR Royalty
► Los Azules Potential Value of TNR’s NSR Royalty TNR holds a 0.36% NSR royalty on the Discounted Cash Flow Waterfall Diagram for the Life of Project(4) entire Los Azules project PEA estimates undiscounted cash flow for the life of mine Net Smelter Return over $35B (4) PEA estimates discounted cash
Slide 17: Los Azules Summary
► Los Azules Summary Argentina is open for business Los Azules deposit is massive 100% owned by McEwen Mining TNR has 0.36% NSR royalty PEA shows favorable results Project is moving forward McEwen Mining Increased Value for TNR! TSXV: TNR www.tnrgoldcorp.com 17
Slide 18: Assets: Lithium
ASSETS ► Lithium “Lithium will power humans for the next 50 years, then robots” TSXV: TNR www.tnrgoldcorp.com
Slide 19: Assets – Mariana Lithium
► Assets – Mariana Lithium Mariana Lithium Brine, Argentina TSXV: TNR www.tnrgoldcorp.com 19
Slide 20: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding “The Mariana Lithium PEA study for ILC is the first preliminary economic study that provides a potential value for the total NSR Royalty from the project’s life of mine cash flow. TNR does not have to contribute any capital for development of Mar
Slide 21: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding Highlighted results of the PEA as reported by ILC: TSXV:TNR www.tnrgoldcorp.com
Slide 22: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding Description Units LCE SOP Total Production tpy 10,000 84,000 Mine Life years 25 Capital Cost (CAPEX) US$ 243,425,000 Operating Cost (OPEX) US$ 46,666,000 Lithium Carbonate Refining Cost US$/t 2,900 N/A Average Selling Price US$/t 9,683 550 Annual
Slide 23: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding TSXV:TNR www.tnrgoldcorp.com
Slide 24: Assets: Alaska
Alaskaminers.org ASSETS ► Alaska “Alaska is a state steeped in a tradition of exploration, mining, and production,” Alaska Miners Association. Alaskaminers.org TSXV: TNR www.tnrgoldcorp.com
Slide 25: Assets: Shotgun Gold Project
ASSETS ► Shotgun Gold Project Gold in Alaskan Elephant Country SHOTGUN • 90% ownership by TNR • Located in SW Alaska near Donlin Gold and Pebble • Alaska is rising in terms of policy index according to the Fraser Fort Knox Institute’s “Annual Survey of Mining Companies” Pogo • Mineralization style i
Slide 26: Shotgun Ridge – Mineralized Intervals
► Shotgun Ridge – Mineralized Intervals NE-Zone Significant Drill Hole Intercepts(5) 12-56: 242m of 1.25g/t Au (over all three mineralized zones) Mid-Zone SW-Zone 12-57: 209m of 1.02g/t Au 22m of 2.86 g/t Au (over all three mineralized zones) 27.4m of 2.3 g/t Au 12-58: 46.55m of 1.14 g/t Au (hole en
Slide 27: Shotgun Ridge – Room to Grow
► Shotgun Ridge – Room to Grow OPEN Mineralization not included in resource estimate(6). (6) See slides at the end of this presentation for a full description of the resource estimate. TSXV: TNR www.tnrgoldcorp.com 27
Slide 28: Shotgun – Resource
► Shotgun – Resource Inferred mineral resource estimate 2013(6) • 20,734,313 tonnes @ 1.06 g/t Au • 705,960 ounces Au • 0.5 g/t Au cut-off • Mineral resource is located from surface to a depth of 150m • Resource is located on a ridge, forming a topographic high • Mineralization appears to be uniform
Slide 29: Shotgun – Understanding Targets
► Shotgun – Understanding Targets Area of current resource and drilling Undrilled targets have potential to host multi-million oz deposits of gold IP surveys and drilling only cover a small portion of intrusive complex TSX.V : TNR 200 m TSXV: TNR www.tnrgoldcorp.com 29
Slide 30: Shotgun Gold Project – Opportunity
► Shotgun Gold Project – Opportunity Camp Scale Opportunity 25 km TSXV: TNR www.tnrgoldcorp.com 30
Slide 31: Contact Us
CONTACT US - We welcome your inquiries - Investor Relations hub https://tnrgoldcorp.com/investors/ Financing IR@tnrgoldcorp.com 1111 Melville Street, Suite 1100 Vancouver, BC, V6E 3V6, Canada Phone: +1 604-229-8129 Fax +1 604-229-8150 Joint Venture www.tnrgoldcorp.com Partnerships TSXV: TNR
Slide 32: Technical Disclosure Statements
► Technical Disclosure Statements Certain Information in this presentation is based on studies conducted by McEwen Mining Inc. and their consultants and “Qualified Persons” as defined by National Instrument 43-101. Statements in the presentation referring to Resource Estimates and a Preliminary Econ
Slide 33: Shotgun Zone Resource Estimate: effective date May 27, 2013
► Shotgun Zone Resource Estimate: effective date May 27, 2013 The Shotgun Zone mineral resource estimate is based on 34 diamond drill holes (NQ) totaling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted betwe
Slide 34: Shotgun Ridge Inferred Resource Estimate
► Shotgun Zone Resource Estimate: effective date May 27, 2013 Shotgun Ridge Inferred Resource Estimate – Au (g/t) cut-off Modeled based on a 0.3 – 0.5 g/t Au cut-off Cut-off Tonnes Grade (g/t) Grams Ozs <0.1 g/t 24,551,029 0.96 23,628,833 759,770 0.1 g/t 24,545,917 0.96 23,628,825 759,769 0.2 g/t 24