Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Denver Gold Forum Americas 2024
16 slides from Tolu Minerals's conference presentation, Sep 18, 2024
Slide 1: Corporate Presentation (Denver Gold Forum)
Tolu Minerals Limited PNG CR Company Camp, Baruni Road, National Capital District, Papua New Guinea Company Registration No.: 1-125888 Level 2, 52 Merivale Street, South Brisbane, QLD 4101, Australia www.toluminerals.com ARBN: 657 300 359 18 September 2024 Corporate Presentation The Directors of Tol
Slide 2: Tolukuma Project – Gold Forum Americas, Sept 2024
For personal use only ASX:TOK, OTCQX:TOLUF ARBN 657 300 359 1-125888 Tolukuma Project Iain Macpherson Gold Forum Americas, Sept 2024 This document is not a prospectus and does not contain all of the information that an investor may require in order to make an informed investment. All geological data
Slide 3: Disclaimer and Important Information
Disclaimer and Important Information Disclaimer To the maximum extent permitted by law, the Company each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents, consultants an
Slide 4: Gold Mine: Papua New Guinea
Tolukuma Gold Mine: Papua New Guinea For personal use only ➢ PNG is located on the Pacific Ring of Fire. It is host to: ➢ Prolific gold/copper mineralisation ➢ Many operating mines ➢ Global access ➢ 100 km from Port Moresby Geologically prospective and logistically simple 3
Slide 5: Gold Mine: Building a new Tier 1 gold mine
Tolukuma Gold Mine ➢ Fully self-contained mine with 20 years’ high-grade gold & silver operating history – circa 1 moz produced at 15g/t Au recovered into a gold/silver doré Strong team in place and being expanded to support development plans For personal use only ➢ Operational Plan: ➢ Refurbish the
Slide 6: Structure – c. 1,500km2 Exploration Upside
Tolukuma Structure – c. 1,500km2 Exploration Upside ➢ Dominant landholding on the proven Tolukuma epithermal structure ➢ Building a material For personal use only mineral resource pipeline around Tolukuma ➢ Potential for a major discovery on identified mineralised structures as well as entirely new
Slide 7: Mineral Resource Estimate
Tolukuma Mineral Resource Estimate AMC reported an Inferred Mineral Resource as of 18 August 20221 For personal use only Domain Tonnes (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) Zine 488,000 9 43 146,000 673,000 Zine PK Splay 7,000 35 145 8,000 33,000 Tolukuma 140,000 9 27 40,000 121,000 Tinabar 55,000 1
Slide 8: On Mine: Significant Resource Target
On Mine: Significant Resource Target Based on the MRE tonnes and grades, extension of the Tolukuma vein system 2km to the SSE, grades of the Miliahamba prospect drilling, grades from drilling at Taula, Sisimonda and Kimono, grades and tonnage of the Saki Inferred Resource and trench sampling grades
Slide 9: Issues and Solutions
ISSUES AND SOLUTIONS Suspension of operations at Tolukuma Gold Mine was underpinned by four key factors – Tolu is addressing all four factors For personal use only ➢ High historical logistics costs – Access road construction The Mine was 100% supported by helicopter logistics because the access road
Slide 10: Development Strategy
Tolukuma Development Strategy Dec 2023 Dec 2024 Near Mine Exploration For personal use only Exploration MT Survey Strategy Regional Exploration Access Road development Base Line Study Planning Tailings, HV reticulation, Resource Targets, Engineer, Procure, Construct full scale Mine planning, Process
Slide 11: Access Road
Tolukuma – Access Road ➢ 9km to connect the 70 km access road - connecting the mine and regional exploration targets to Port Moresby ➢ Strong community and government support For personal use only ➢ Work commenced in December 2023 after the completion of the IPO ➢ The contractor is an experienced an
Slide 12: Gold Mine – Airborne MT Survey
Tolukuma Gold Mine – Airborne MT Survey ➢ Fast tracking of regional exploration to define a multi million-ounce target For personal use only ➢ Global leading exploration technology with a compelling track record ➢ Proven applicability in PNG Accelerated regional exploration confirming existing and d
Slide 13: Gold Mine – Airborne MT Survey
Tolukuma Gold Mine – Airborne MT Survey ➢ Confirmation of known anomalies For personal use only ➢ Multiple targets ➢ Scale potential Interpreted Targets within Phase 1 Area Airborne MT Image (223Hz Conductivity Image. Red = Higher Conductivities) Interpreted Targets along Airborne MT Cross-Section (
Slide 14: Gold Mine – Summary
Tolukuma Gold Mine – Summary ➢ Leveraging existing major capital infrastructure: ➢ Plant and infrastructure replacement estimated at circa AUD 200m For personal use only ➢ Mine replacement at circa AUD 150m ➢ Substantially derisked, high-grade restart project with near-term production ➢ Major gold/s
Slide 15: Contacts
Contacts For personal use only Iain Macpherson +27 76 238 4461, + 61 428 912 245, +675 7202 7320 MD & CEO iain.macpherson@toluminerals.com Vern Wills +61 418 912 664 Strategic Corporate Advisor vern.wills@enhance.net.au 14
Slide 16: Disclaimer and Important Information – Competent Persons Statement
Disclaimer and Important Information Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves were last reported by the Company in compliance with the 2012 Edition of the JORC Australasian Code for Reporting of Explorati