Tietto Minerals — Investor Presentation (May 2020)
29 slides from Tietto Minerals's investor presentation, May 2020
Slide 1: Rapidly Growing Shallow High-Grade Ounces at Abujar
RAPIDLY GROWING SHALLOW HIGH-GRADE OUNCES AT ABUJAR May 2020
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by Tietto Minerals Limited (“Company”) does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information
Slide 3: Abujar Gold Project: Rapidly Emerging West African Project
ABUJAR GOLD PROJECT RAPIDLY EMERGING WEST AFRICAN PROJECT RESOURCE UPDATE Q3 2020 Funded to aggressively grow resources via drilling and establish a standalone gold camp of scale 50,000m DRILLING PROGRAM TO DRIVE RESOURCE GROWTH Substantial brown and green field exploration upside remaining as 90% F
Slide 4: Corporate Update
CORPORATE update DIRECTORS FRANCIS HARPER DR CAIGEN WANG CAPITAL STRUCTURE (ASX:TIE) Non Executive Chairman Managing Director A$0.345 355 M A$122.5 M DR PAUL KITTO MARK STRIZEK HANJING XU Share price (5 May 20) Shares on Market Capitalisation Technical Director Executive Director Non Executive Direc
Slide 5: Stable and vastly under-explored mining jurisdiction
Tietto Minerals’ Growth with Focus in Côte D’Ivoire Stable and vastly under-explored mining jurisdiction EXTENSIVE TIETTO MINERALS STRONG GOVERNMENT GREENSTONE BELTS COMMENCED IN SUPPORT Holds West Africa’s largest COTE DIVOIRE Tenements granted for 4 share of greenstone belts Commenced mid 2012 - y
Slide 6: Abujar Gold Project (Discovery of Abujar Middle Tenement)
ABUJAR GOLD PROJECT (DISCOVERY of ABUJAR MIDDLE TENEMENT) Walking across the Liberia/CDI border to visit the Artisanal pit on AG deposit on 17/3/2014 Artisanal mining through steel reinforced Abujar artisanal mining sites on 16/3/2014 concrete wells on AG deposit on 17/3/2014 Tietto’s footprint in W
Slide 7: Abujar Gold Project (Discovery of Abujar North Tenement)
ABUJAR GOLD PROJECT (DISCOVERY of ABUJAR NORTH TENEMENT) Gamina North artisanal pit on Gamina North artisanal 15/12/2014 (Abujar North tenement) pit on 29/1/2016 (Abujar Artisanal miners processing North tenement) gold ore at Gamina North on 15/12/2014 (Abujar North tenement) Steel reinforced concre
Slide 8: Abujar Gold Project: High grade core of 1.4Moz at 2.2g/t Au
ABUJAR GOLD PROJECT Delivering rapid resource growth High grade core of 1.4 Moz at 2.2g/t Au within JORC 2012 Resource of 45.5Mt at 1.5g/t Au for 2.15Moz • 3 contiguous tenements 1,114km2 • JORC 2012 Resource contained within 2 main deposits: AG – 19.3Mt at 2.2g/t for 1.4Moz within 34.3Mt for 1.81Mo
Slide 9: High-grade core of 1.4Moz and rapidly growing
AG DEPOSIT High-grade core of 1.4Moz and rapidly growing Ultra high grade from surface confirmed to 400m depth Over 1.4kms of strike between lines 15 to 29 AG reports: • 37 intervals > 50 Au gram metres • 14 intervals > 100 Au gram metres • 7 intervals > 200 Au gram metres High-grade core of 1.4Moz
Slide 10: Ultra-high grade, shallow results (<100m vertical)
AG DEPOSIT Ultra-high grade, shallow results (<100m vertical) Section Line Hole ID Intersection ASX release 17B ARC17 6m @ 11.85 g/t Au, Inc. 2m @ 13.6 g/t Au, 2m @ 12.45 g/t Au and 2m @ 9.51 g/t Au IPO Prospectus 19B ZRC172 14m @ 9.12 g/t Au, Inc. 2m @ 58.57 g/t Au 1/11/2018 19B ZRC187 4m @ 16.67 g
Slide 11: Mineralisation open at depth, down dip and along strike
AG DEPOSIT Mineralisation open at depth, down dip and along strike May 2020 11
Slide 12: Continuous zone of high-grade starting from surface
AG DEPOSIT Continuous zone of high-grade starting from surface Within continuous 1.4km of strike between lines 15 to 29 AG reports: • 9.6Mt at 3.4g/t Au for 1Moz using 1.5g/t COG* Suggesting potential for high margin open pit mining operation Potential to increase near surface resources with further
Slide 13: Open pitable high grade shallow resources and high-grade UG potential
AG DEPOSIT Open pitable high grade shallow resources and high-grade UG potential • 10m @ 7.21 g/t Au from 115m Inc. 1m @ • 21m @ 13.02 g/t Au from 228m inc. 63.64 g/t Au from 122m; 7m @ 12.41 g/t 1 @ 253.39 g/t Au from 234m Au from 174m Inc. 1m @ 30.06 g/t Au from 174m and 1m @ 46.75 g/t Au from 175
Slide 14: APG Deposit: Targeting growth in 2020
APG DEPOSIT Targeting growth in 2020 Mineralisation starts 5km south of the high-grade AG deposit • Inferred JORC 2012 Mineral Resource of 12.24Mt @ 1.0g/t Au for 350,000oz • Gold mineralisation intersected over a 5km strike using RC, DD and AC drilling • Mineralisation remains open at depth (report
Slide 15: Regional Prospects – Abujar Gold Project
REGIONAL PROSPECTS – Abujar Gold Project • Multiple parallel zones on 70km shear structure • Western shear geochemical survey plan completed to deliver drill ready targets • Strong pipeline of drilling targets Resource Definition Target Definition 1. AG + AG Deeps 10. Koflankro 2. Pischon 11. Vingt-
Slide 16: Priority Abujar Exploration Targets: Stepping out
Priority Abujar Exploration Targets Stepping out – targeting resource growth • AG Core – High Grade Core Extension ✓ Over 1km strike high grade core from Line 15 to Line 29 • AG South - Mandanou ✓ Mineralised linkage structure connecting AG to the oxide resources at APG ✓ Drilling intersecting shall
Slide 17: Priority Abujar Exploration Targets
Priority Abujar Exploration Targets 25 October May 2020 2019 Gold and Alternative Investment Conference 17
Slide 18: GGLink to be drilled in May after a bridge is constructed
GGLink to be drilled in May after a bridge is constructed Gamina – directly north of GGLink December 2014 Low cost bridge works expected to be completed by 15 May 2020 25 October May 2020 2019 Gold and Alternative Investment Conference 18
Slide 19: Rapidly Growing Resource
RAPIDLY GROWING RESOURCE + 20,000m diamond +50,000m diamond drilling was fed into drilling to drive further current resource model growth in 2020 22,000m drilling 13,000m drilling 1.7Moz 2.2Moz ? 0.7Moz IPO – Q1 2018 April 2019 Nov 2019 H2 2020 May 2020
Slide 20: Our Dollars Drill Further
Our Dollars Drill Further Tietto has some of the lowest exploration costs in the gold sector ✓ 5 company owned DD rigs ✓ Drilling cost around ~US$35/m ✓ Consumables purchased in bulk ✓ Man portable rigs with small footprint ✓ Production rate ~5000m per month* * 4 diamond drill rigs 25 October May 20
Slide 21: Encouraging Metallurgy
ENCOURAGING METALLURGY Extremely high gold (Au) recovery (>98%) & Low-cost crushing and grinding potential Preliminary testwork identified: Process Material AG Deposit2 Other Projects3 • High gravity and CIL recovery Oxide 0.02 0.003 - 0.08 • Simple CIL with high efficiency Bond Abrasion Index (Ai)
Slide 22: ESG Study Underway
ESG Study Underway ➢ RPMGlobal appointed to advance Environmental, Social and Governance (ESG) work programme at Tietto’s 2.2Moz Abujar Gold Project, Côte d’Ivoire ➢ Tietto has retained RPMGlobal Principal Social Specialist Luke Stephens to help develop Tietto’s ESG work program ➢ Ivoirian environme
Slide 23: Building Local Networks
Building Local Networks May 2020 23
Slide 24: 2020 Catalysts
2020 CATALYSTS Strong newsflow expected throughout 2020 • Infill and • Additional • Application for • Drilling continues AG & APG Extensional Metallurgical Mining Licence Drilling Studies DEPOSITS • 3rd Resource Update • Drilling continues • PFS commencement • Environmental and Social Impact Studies
Slide 25: AG – standalone potential
Abujar Gold Project AG – standalone potential May 2020 25
Slide 26: A rapidly emerging West African gold company
A rapidly emerging West African gold company SHALLOW HIGH-GRADE DELIVERING RAPID RESOURCE STRONG CONTINUOUS RESOURCE GROWTH NEWSFLOW Delivered 12 Nov 2019 50,000M HIGH EXCELLENT METALLURGY SUPPORTIVE SHAREHOLDER IMPACT & LOW COST BASE & WELL FUNDED DRILLING 25 October May 2020 2019 Gold and Alternat
Slide 27: Appendix A: Abujar Gold Project - JORC Resources
APPENDIX A Abujar Gold Project - JORC Resources Mineral Resource Estimates - RPM Global (November 2019)* Oxide Transition Fresh Total Area Class Quantity Au Au Quantity Au Au Quantity Au Au Quantity Au Au (Mt) (g/t) (MOz) (Mt) (g/t) (MOz) (Mt) (g/t) (MOz) (Mt) (g/t) (MOz Indicated 0.08 2 0.01 0.3 1.
Slide 28: Appendix A: Abujar Gold Project - JORC Resources
APPENDIX A Abujar Gold Project - JORC Resources AG JORC 2012 Mineral Resource - RPM Global (November 2019)* Indicated Inferred Total COG MTonnes Au g/t Moz MTonnes Au g/t Moz MTonnes Au g/t Moz 0.3 16.1 1.7 0.88 27.9 1.2 1.09 44.0 1.4 1.97 0.4 15.1 1.8 0.87 25.8 1.3 1.07 40.9 1.5 1.93 0.5 13.7 1.9 0
Slide 29: Appendix B: Regional Permits
APPENDIX B: REGIONAL PERMITS Highly prospective – Significant land package • Boundiali Group (North Côte d’Ivoire) ✓ Within 20Moz+ Au province • Bongouanou (South-East Côte d’Ivoire) ✓ Underexplored province ✓ Fully granted permits ✓ Reconnaissance geochemical survey planned • Sinfra (Central Côte d