Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — Investor Presentation (December 2021)
19 slides from Trx Gold's investor presentation, December 2021
Slide 1: Corporate Presentation: Emerging Gold Producer
Corporate Presentation Emerging Gold Producer December 2021
Slide 2: Cautionary Note
Cautionary Note Tanzanian Gold Corporation (“Tanzanian Gold” or the “Company”), has taken all reasonable care in producing and publishing information contained in this presentation. Tanzanian Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or rel
Slide 3: Buckreef Project: Advancing Tanzania's Next Large Gold Mine
Tanzanian Gold Corporation Buckreef Project: Advancing Tanzania's Next Large Gold Mine Lake Victoria Greenstone Belt Advancing on Three Straightforward Parallel Tracks • Buckreef - High grade M&I Resource of 35.88 1. Expanding Oxide Mine Production Mt @ 1.77 g/t for 2.04 M ounces • Commissioning of
Slide 4: Refreshed & Experienced Leadership Team
Refreshed & Experienced Leadership Team Credible New Team Delivering Results Stephen Mullowney – CEO Khalaf Rashid – SVP, Tanzania & MD • Former Partner & Managing Director at PwC, • Distinguished career in Tanzanian business, politics and leading Deals Mining Group Government • Vast experience in a
Slide 5: Expanding Oxide Mine Production (~10% of Resources)
Expanding Oxide Mine Production (~10% of Resources) Test Plant to 360 tpd to 1000+ tpd Buckreef 360 tpd Expansion Now Completed at a Capital Cost of $1.6 Million and Low Total Cash Costs2 Open Pit Crush Grind CIL Tailings Buckreef Open Pit Crushed Ore at Site 360tpdh Ball Mill CIL Tanks TSF Construc
Slide 6: Resource Expansion Through Exploration
Resource Expansion Through Exploration Multiple Exploration Targets on 16 km2 Property Buckreef Main Zone - Open Buckreef West - Advanced • Open to the Northeast, South • Off-shoot of Buckreef Main Zone and at depth • Near surface mineralization • Conversion of Resources to • Oxide and sulfide mater
Slide 7: Sulphide Project Development (~90% of Resources)
Sulphide Project Development (~90% of Resources) Significant Opportunity to Expand Scope and Size Relative to the 2018 PFS Robust 2018 PFS Base Sulphide Project Development 2018 PFS Summary (US$1,300 oz. Au) Convert Validate Evaluate Increase Description Amount Resources to Metallurgical Phased Annu
Slide 8: Undervalued vs. Peers
Undervalued vs. Peers Trading at Discount to Peer Group on both P/NAV and EV/M&I multiples P/NAV Average EV/M&I - Re-Rate Potential A Tanzanian Comparable Peer Average: 0.47x 0.68x 0.68x 0.55x 0.55x 0.59x $366 0.49x 0.40x 0.31x 0.24x 0.26x ~1x Higher Bluestone Rio2 Tanzanian Sabina Orezone Ascot Ore
Slide 9: Buckreef Stands Out vs. Peers
Buckreef Stands Out vs. Peers Positioned in the Higher Grade Lower Cost Quadrant vs. Peers Notes: Assets selected are gold operations mining v ia Open pit and recov ery via CIL/CIP and/or Flotation. 1.Asset bubble size is indicativ e of M&I Resources (inclusive of Reserves). 2.Buckreef ‘s reported M
Slide 10: Key Takeaways: Why Invest In Us – Accelerated Flexible Development
Key Takeaways Why Invest In Us – Accelerated Flexible Development Substantial New & Expanding Potential for Sulphide Attractive Permitted Rejuvenated Oxide Resource Project Valuation vs. Resource Management Production Expansion Development Peers M&I Resource Multi-discipline Low cost, high Numerous
Slide 11: Rapid Progression
Tanzanian Gold Corporation Rapid Progression 11
Slide 12: Safety is Our Top Priority
Safety is Our Top Priority Zero Lost Time Injuries, Zero Medical Aid Incidents, and Zero COVID-19 Cases in 2021 • Daily COVID-19 briefing • Formation of a Health/COVID-19 team under Senior Health Officer • Mandatory daily screening of all personnel and contractors • Enhanced sanitization and hand wa
Slide 13: ESG: Key Focus
ESG: Key Focus Establishing Robust Environmental Standards and Strengthening Community Relations Environment • Low carbon footprint by maximizing grid power and minimizing diesel usage • All sites and suppliers to be certified by International Cyanide Management Code • Dry stack tailing will minimiz
Slide 14: Resembles Other African Operations
Resembles Other African Operations Buckreef Similar to Wahgnion, Buzwagi and Geita Deposit Type Mining/RecoveryMethods M&I Resource M&I Grade Stripping Ratio Annual Production (Gold) (Gold) (Gold) Shear zone hosted deposit in Mining: Open pit 2.04 M oz 1.77 g/t TBD2 TBD3 Buckreef mafic basalts/doler
Slide 15: Capital Structure
Capital Structure Well Positioned to Move Forward Financial Snapshot1 Share Ownership Tickers NYSE:TRX, TSX:TNX Share Price (November 30, 2021) US$0.41 (C$0.51) 52-Week Range US$0.36-US$1.91 (C$0.45-C$2.36) 15% Basic Shares Outstanding 255.0 M Retail Options 7.4 M 15% Warrants 23.7 M Institutions Ma
Slide 16: Superior Liquidity vs. Peer Group
Superior Liquidity vs. Peer Group TanGold Exhibits Significant Trading Volume Trading Volume (millions) 2.93 2.50 YTD substantially higher trading volume (~5x) than that of its next closest peer 0.71 0.58 0.57 0.58 0.48 0.36 0.32 0.30 0.25 0.23 0.14 0.14 0.14 0.13 0.14 0.13 0.11 0.12 Tanzanian Gold
Slide 17: Buckreef Shear Zone Resources
Buckreef Shear Zone Resources M&I Mineral Resources for the Buckreef Shear Zone More Than Doubled in 2020 NI 43-101 Resource Estimate for the Buckreef Shear Zone (June 2020 - 0.4 g/t Au cut-off)1 2.50 1.77 g/t Resources (mm oz) 2.00 M&I Gold 1.50 1.53 g/t 1.54 g/t 1.00 1.97 g/t 0.50 0.00 2011 2014 2
Slide 18: Investor Relations
Investor Relations Investor Relations Manager: MichaelMartin Email: m.martin@tangoldcorp.com | Phone: 1-860-248-0999 | Website: www.tangoldcorp.com 18
Slide 19: Endnotes
Endnotes 1. The 15 tph Oxide Plant estimates have not been prepared in accordance with the results of the Company’s 2018 Prefeasibility Study, reflected in the Company’s May 15, 2020 Updated Mineral Resource Estimate. The 18-Month mining plan estimates are based upon an internal mine model reviewed
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