Tinka Resources Limited · TSXV:TK
Tinka Resources — Investor Presentation (March 2023)
32 slides from Tinka Resources's investor presentation, March 2023
Slide 1: Ultra High-Grade Zinc Discovery at Ayawilca
Ultra High-Grade Zinc Discovery at Ayawilca March 2023 TSXV: TK BVL: TK OTCQB: TKRFF
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Tinka, nor shall it or any part of it form the basis of or be relied on in connection with any
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • 100% ownership of the Ayawilca Zinc – Silver Project in Central Peru. • 11,000-metre resource expansion / definition drill program to be completed by April 2023. • Ultra high-grade zinc discovery at South Ayawilca: • 39 metres at 20% zinc including 10 metres at 42% zinc (hole
Slide 4: Ayawilca PEA 2021 Production Profiles
PEA2021 AYAWILCAPEA 2021 PEA Production Profiles Potential Top-10 global zinc mine 500 121 163 400 159 157 If Ayawilca Was Producing Today 150 (2021 production = 107 kt Zn per year) 300 154 200 148 119 107 108 109 110 109 105 45 100 Data from Stifel GMP Source: Stifel GMP TSXV: TK BVL: TK OTCQB: TKR
Slide 5: Capital Structure
CAPITAL STRUCTURE SHAREHOLDERS Shares issued and outstanding 391 million Buenaventura* 19% Options 9 million Nexa Resources* 18% Fully diluted shares 400 million Sentient Equity Partners 19% Market capitalization (C$0.15/share) C$62 million Other institutions 14% Cash (at Dec 30, 2022) C$15 million
Slide 6: The Tinka Team
THE TINKA TEAM Dr. GRAHAM CARMAN LUIS GIRALDO President & CEO, Director Exploration Manager BOARD OF DIRECTORS Geologist with many years exploring in Peru Geologist ex Yamana, Meridian, Anglo with both majors and juniors and involved with American Graham Carman several base metal discoveries. CEO Ti
Slide 7: Zinc: Critical Metal For a Greener Future
ZINC Critical Metal For a Greener Future • Zinc is essential for galvanizing steel and a key ingredient in energy technology and infrastructure projects. • Zinc has decreased in supply caused by closures to several European zinc smelters (due to high energy prices) and mine closures. • Zinc spot pri
Slide 8: Zinc: Key to the Green Energy Revolution
ZINC Key to the Green Energy Revolution With the shift to ‘green’ metals and diminishing supply, zinc demand will continue to grow over the foreseeable future: • Electric vehicles and large-scale infrastructure • Offshore energy: 10MWh offshore wind turbine requires 4 T zinc • Solar energy: 100MWh s
Slide 9: World-Class Mining Belt
WORLD-CLASS MINING BELT Peru: Global hub for base and precious metals Peru is a World and South American mining leader: • 2nd in global copper production • 3rd in global zinc production • 1st in South American gold production • 1st in South American tin production TSXV: TK BVL: TK OTCQB: TKRFF 9
Slide 10: Great Infrastructure
GREAT INFRASTRUCTURE Location, location, location Silvia • Tinka’s projects are located 200 km north of Lima (7 hours by road) along well-formed roads. • Good road access to Cajamarquilla zinc refinery and seaport (Callao, Lima) • Rail transport also an option for future concentrate transport • A ma
Slide 11: Ayawilca Mineral Resources Map
AYAWILCA OPEN Mineral Resources EAST • 88,000 metres of drilling in 200 holes (pre-2022) • 2022-23 drill holes not included - 11,000 metres of additional drilling 500 m CENTRAL WEST • Zinc Zone: mineralization open along NE-SW structure at South Ayawilca OPEN • Tin Zone: significant potential to exp
Slide 12: Ayawilca Local Geology
AYAWILCA A COLQUIPUCRO COLQUI SILVER ZONE IND: 7.4 Mt @ 60 g/t Ag INF: 8.5 Mt @ 48g/t Ag Local Geology • The Ayawilca deposit is a “blind” discovery, lying beneath sandstone cover. EAST ZONE 3 • Mineralization hosted by the Pucara limestone . WEST • High-grade zinc mineralization CENTRAL lies focuse
Slide 13: Ayawilca 2022-2023 Drill Program
AYAWILCA 2022- 2023 Drill Program • Spectacular zinc grades in 2022-23 drill program at South Ayawilca: • Massive zinc sulphide mineralization is focused within an overturned fold (“anticline”) hosted by Pucara limestone • 100 metres (true width) of massive sulphides • The 060 Fault is a trans-Andea
Slide 14: Highlight Drill Results – South Ayawilca
AYAWILCA Highlight Drill Results – South Ayawilca Hole A22-202: 38.9 m at 20.0% zinc including 10.4 m at 42.0% zinc including 3.8 m at 49.9% zinc Hole A23-212: 145.2 m at 10.9% zinc including 29.3 m at 20.2% zinc and 25.8 m at 13.1% zinc Hole A22-208: 71.2 metres at 8.8% zinc including 37.7 m at 12.
Slide 15: West Ayawilca 2022-2023 Drill Program
AYAWILCA West Ayawilca - 2022- 2023 Drill Program • West Ayawilca – pipe-like bodies and breccia-hosted mineralization within a regional anticline • Massive sulphide mineralization is focused in brecciated limestones and mantos, with very high grades at the base near the underlying phyllite. • “Mush
Slide 16: Highlight Drill Results – West Ayawilca
AYAWILCA Highlight Drill Results – West Ayawilca A22-207: 132.5m at 6.8% zinc including 45.2m at 11.5% zinc, and 6.5m at 27.2% zinc A22-203: 49.8m at 8.3% zinc including 5.9m at 13.9% zinc, and 2.8 metres at 23.3% zinc A22-200: 44.9m at 12.0% zinc including 16.1 metres at 22.2% zinc A22-205: 134.0m
Slide 17: North-South Longitudinal Section
North-South Longitudinal section • 4 km of known mineralization along Colquipucro Fault - drilled to 400 m depth with gaps • Best mineralization focused near the intersection of NE-trending faults with the Colquipucro Fault / anticline • Far South area: Undrilled target with large Zn-Pb soil anomaly
Slide 18: Work Programs
WORK PROGRAMS Next 18 months at Ayawilca & Silvia Projects – planned programs 2022 2023 2024 AYAWILCA Drilling 11,000 metres (resource definition & extensions) Drilling IN PROGRESS Assess Tin opportunity (metallurgy, geotechnical) and other studies Geotechnical / Metallurgy / Hydrology (e.g., hydrol
Slide 19: Environment Social & Governance (ESG)
ENVIRONMENT SOCIAL & GOVERNANCE (ESG) Successful Community Programs Focused on Health, Education, & Sustainable Economic Development • Tinka has worked with local communities at Ayawilca for more than 10 years, supporting families including children’s education & health, and funding sustainable proj
Slide 20: Contacts
info@tinkaresources.com +1-604-290-8100 CONTACTS Suite 1305 – 1090 West Dr. Graham Carman, President & CEO Georgia St Tim McNulty, Corporate Development Vancouver, BC V6E 3V7 Canada www.tinkaresources.com TSXV: TK BVL: TK OTCQB: TKRFF 20
Slide 21: Appendix
APPENDIX TSXV: TK BVL: TK OTCQB: TKRFF 21
Slide 22: Strong Land Position
STRONG LAND POSITION • Tinka holds 460 km2 in contiguous mining claim in central Peru • Flagship Ayawilca Project is located 25 km from Uchucchacua mine (Buenaventura) and 40 km from Atacocha-El Porvenir mines (Nexa) • The world-class Antamina copper-zinc mine is 100 km to the north • Base metal min
Slide 23: Key Host Rock - Limestone
KEY HOST ROCK - LIMESTONE • Skarns and carbonate replacement deposits (CRDs) are hosted in limestones in central Peru: • Skarns: Formed at depths of a few km in the earth’s crust at contacts with intrusions • CRDs: Formed at shallow depths in the earth with associated ‘distal’ intrusions • Ayawilca
Slide 24: Good Magnetic Coverage
GOOD MAGNETIC COVERAGE Magnetic Geophysical Anomalies Location, Location, Location • Airborne magnetic data Silvia NW: Rocks up to 12.3% covers all of Tinka’s mining Cu and 18.6 g/t Au claims (460 km2 ) from Ayawilca to Silvia • The Ayawilca project lies on an important Andean cross structure (NE-SW
Slide 25: Ayawilca Zinc Zone Mineral Resources
AYAWILCA Zinc Zone Mineral Resources Ayawilca Zinc Zone Mineral Resources as of August 30, 2021 Indicated: Tinka Resources Limited – Ayawilca Property 19.0 Million Tonnes at: Classification/ Zone Tonnage NSR Grade Contained Metal 7.15% zinc Mt $/t % Zn g/t Ag %Pb (Mlb Zn) (Moz Ag) (Mlb Pb) 0.22% lea
Slide 26: Zinc Zone 2021 PEA
ZINC ZONE BASE CASE METAL PRICES & EXCHANGE RATE ASSUMPTIONS Zinc price INPUT VALUE US$1.20/lb 2021 PEA Lead price US$0.95/lb Silver price US$22/oz OPERATING SUMMARY NSR cut-off value US$65/t Processing plant throughput 8,500 t/day Exchange rate – Peruvian SOL/USD 3.87 Avg. annual Zn concentrate pro
Slide 27: Zinc Zone 2021 PEA – Mine Plan
ZINC ZONE 2021 PEA – Mine Plan • Designed to minimize risk and environmental impact. • Three 2-way ramps. • High-grade South and West areas mined in the early mine life years. • 40% of tailings to be re- used as backfill. • Filtered dry-stack tailings. TSXV: TK BVL: TK OTCQB: TKRFF 27
Slide 28: Zinc Zone 2021 PEA Production Profile
ZINC ZONE Production Profiles Profile 2021 PEA - Production Silver Production (koz) 742 769 762 800 700 600 628 600 623 561 569 555 600 513 480 476 499 500 400 270 300 200 100 Zinc Production (kt) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 200 163 159 157 150 154 148 150 121 119 107 108 109
Slide 29: Ayawilca - Tin
AYAWILCA - TIN Significant Mineral Resource Inferred: 8.4 M tonnes @ 1.02% tin • Cassiterite is the dominant tin mineral - can be separated by gravity into a high- grade tin concentrate • There is potential for a copper and silver credit – metallurgical test work is in progress to assess the possibi
Slide 30: Tin: Growing Demand from Green Economy
TIN Growing Demand from Green Economy • Tin is a critical high technology metal with its key use as solder: electrical circuits, chemicals, alloys, tin plating • Tin spot price ~ US$20,000 per tonne (~7 x zinc price, 3 x copper price) • Tin demand expected to remain strong with the EV revolution and
Slide 31: Silvia Project
N SILVIA PROJECT Next 18 months at Ayawilca and Silvia Projects Silvia NW: Cu-Au skarn target (ex BHP) 1 km • 4 km strike length of copper-gold skarn mineralization Area C Extensive • Rock chip values up to 12% Cu, 18 g/t Au skarn outcrops • Untested by drilling – permitting underway for drilling in
Slide 32: Silvia Project - Area A
SILVIA PROJECT - “AREA A” “AREA A” High-Grade Copper & Gold Target Discovery • 46m @ 1.9 g/t Au & 0.8% Cu (Incl. 6m @ 12.8 g/t Au & 2.7% Cu in trench sample) • Skarn Veins up to 7.9 g/t Au & 1.1% Cu from 17 grab and rock chip samples over intervals of 0.1 to 0.3 metres. • Drill permitting in progres