Tolu Minerals Limited · ASX:TOK
Tolu Minerals — PNG Resources & Energy Investment Conference, Sydney 2023
30 slides from Tolu Minerals's conference presentation, Dec 13, 2023
Slide 1: Corporate Presentation - PNG Resources & Energy Investment Conference
For personal use only ASX:TOK ARBN 657 300 359 1-125888 CORPORATE PRESENTATION PNG Resources & Energy Investment Conference, Sydney 13 December 2023 Richard Johnson - Technical Advisor This document is not a prospectus and does not contain all of the information that an investor may require in order
Slide 2: Overview
Overview Three highly attractive projects targeting world class gold/silver and copper resources ➢ Historical high-grade gold/silver production from substantial resources ➢ Significant exploration targets with potential for major discoveries on the Tolukuma structure, including For personal use only
Slide 3: Near Tolukuma Mine Gold Prospects
Near Tolukuma Mine Gold Prospects 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 fro
Slide 4: Tolukuma Mineral Resource Estimate
Tolukuma Mineral Resource Estimate AMC reported an Inferred Mineral Resource as of 18 August 2022:1 ➢ 1.6 M tonnes @ 10 g/t Au and 38 g/t Ag For personal use only ➢ Contained metal 503 Koz Au and 1.9 Moz Ag ➢ Cut – off grade 3 g/t Domain Tonnes (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) Zine 488,000 9 43
Slide 5: Tolukuma Project – Resource conversion
Tolukuma Project – Resource conversion Three main areas above the current water level have been identified as being most appropriate for the initial resource upgrade: ➢ Tinabar Top, +1563m RL: 16.87 g/t @ 5g/t cut off For personal use only ➢ Zine Top, +1563m RL: 13.16 g/t @ 5g/t cut off ➢ Gulbadi: 1
Slide 6: Tolukuma Project – on mine potential
Tolukuma Project – on mine potential Area mined 1995 – 2015 Inferred Resource: 370 koz For personal use only Endowment: >1.5 moz New unmined discoveries from u/g drilling: Fundoot, Gulbadi Red & Mystery veins Inferred Resource 133 koz Milihamba Drive Multiple targets in 2,000 m strike unexplored Sou
Slide 7: Tolukuma Project – strike potential
Tolukuma Project – strike potential Typical epithermal system For personal use only ➢ Dominant North South structures ➢ Numerous cross structures in the same style as mined historically ➢ Indicates the high probability of new discoveries Source: ASX Announcement dated 13 November 2023 Continuous for
Slide 8: Tolukuma Project – on mine potential, Fundoot
Tolukuma Project – on mine potential, Fundoot ➢ Tolu MRE includes 91 koz Au at 13 g/t Au on the previously unmined Fundoot Structure For personal use only ➢ The Fundoot structure is currently identified as over 250m on strike and 380m in depth, but open ended both on strike and depth. ➢ 45 diamond d
Slide 9: Geophysics Confirmation of Vein Extensions
Geophysics Confirmation of Vein Extensions ➢ 3DIP Geophysics confirms >3km extension to For personal use only historically mined vein systems within ML104 and EL2531. ➢ Significant drill-ready exploration targets. ➢ High grade drilling results on Miliahamba, Kunda, Taula and Sisimonda structures. ➢
Slide 10: Tolukuma – Southeastern Miliahamba/Kunda Targets
Tolukuma – Southeastern Miliahamba/KundaTargets ➢ Miliahamba Vein intersects the Tolukuma structure 3 km Southeast of the mine. For personal use only ➢ Miliahamba structure adjacent to diorite intrusive, a target for porphyry-style mineralisation. ➢ The Miliahamba vein is 2.0m wide and is typical of
Slide 11: Tolukuma Structure – Saki Maiden Resource
Tolukuma Structure – Saki Maiden Resource On 28 February 2022 Lanthanein Resources Ltd (formerly Frontier Resources Ltd) released a maiden Inferred Mineral Resource on the Saki prospect of 2 M For personal use only tonnes @ 2.0 g/t for 128,000 oz Au1 Saki forms part of the Saki-Yava gold system with
Slide 12: Tolukuma Gold Mine – Access Road
Tolukuma Gold Mine – Access Road ➢ Complete the 70 km access road (23 km outstanding) connecting the mine to the Tapini road and Port Moresby; ➢ Strong community and government support ➢ Work commenced in December after the completion of the IPO; For personal use only ➢ The contractor is an experien
Slide 13: Tolukuma Structure – Exploration Upside
Tolukuma Structure – Exploration Upside 7 exploration licenses on strike and parallel mineralised structures to Tolukuma gold mine Additional EL application underway and a number of further targets For personal use only Building a material mineral resource pipeline around Tolukuma Potential for a ma
Slide 14: Tolukuma Project – historical copper showings
Tolukuma Project – historical copper showings Tolu Minerals Ltd For personal use only Copper – for the future 14
Slide 15: Mt Penck
Mt Penck Epithermal gold/silver project on the prolific Kulu-Simi trend, adjacent to the coast with good logistics For personal use only ➢ +11,000 m drilling ➢ Aeromag and IP geophysical surveys ➢ Extensive trenching and pitting 3 priority targets identified within a broader 12km2 hydrothermal zone
Slide 16: Risks
Risks Introduction There are risks involved with investing in the Company. In addition to the general market and economic risks, some of these risks are specific to investing in the Company and holding Shares. The occurrence of these risks may have an impact on the business, results of operations, f
Slide 17: Risks
Risks • Exploration and evaluation risk The future value of Tolu will depend on its ability to find and develop additional resources that are economically recoverable within its licences. Mineral exploration and development is inherently highly speculative and involves a significant degree of risk.
Slide 18: Risks
Risks • Commercialisation, Infrastructure Access and Contractual risks Tolu’s potential future earnings, profitability, and growth are likely to be dependent upon the Company being able to successfully implement some or all of its commercialisation plans. The ability for Tolu to do so is further dep
Slide 19: Risks
Risks • Environmental risks The Company is engaged in exploration, development and mining activities with a range of environmental impacts and actively engages with government departments and other stakeholders to ensure open communication and accurate assessment of environmental approvals. All phas
Slide 20: Risks
Risks • Permit risks The rights to mineral permits carry with them various obligations which the holder is required to comply with in order to ensure the continued good standing of the permit and, specifically, obligations in regard to minimum expenditure levels and responsibilities in respect of th
Slide 21: Risks
Risks • Commodity Risk The Company’s possible future revenues may be derived mainly from gold and/or from royalties gained from potential joint ventures or other arrangements. For personal use only Consequently, the Company’s potential future earnings will likely be closely related to the price of g
Slide 22: Risks
Risks • Exchange rate risk The revenues, earnings, assets and liabilities of the Company may be exposed adversely to exchange rate fluctuations. The Company’s revenue may be denominated in Australian Dollars or a foreign currency, such as PNG Kina or United States Dollars. As a result, fluctuations
Slide 23: Risks
Risks • Management actions The success of the Company is currently largely dependent on the performance of its directors and officers. Directors of the Company will, to the best of their knowledge, experience and ability (in conjunction with their management) endeavour to anticipate, identify and ma
Slide 24: Risks
Risks General Risks • Investment risk For personal use only There are a number of risks associated with any stock market investment. The market price of Shares can be expected to rise and fall in accordance with general market conditions and factors and there can be no certainty that, following list
Slide 25: Risks
Risks • Taxation The acquisition and disposal of Shares will have tax consequences, which will differ depending on the individual financial affairs of each investor. All potential investors in the Company are urged to obtain independent financial advice about the consequences of acquiring Shares fro
Slide 26: Disclaimer and Important Information
Disclaimer and Important Information Important notice These presentation slides (the “Slides”) have been issued by Tolu Minerals Limited (the “Company” or “Tolu”) in relation to an update on activities by the Company. These Slides do not comprise an admission document, listing particulars or a prosp
Slide 27: Disclaimer and Important Information
Disclaimer and Important Information Investment risks All investments in securities are subject to known and unknown risks, including an investment in Tolu shares. Some of these risks are beyond the control of Tolu and its directors and officers, and Tolu does not guarantee any particular rate of re
Slide 28: 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 29: Disclaimer and Important Information
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
Slide 30: Contacts
Contacts For personal use only Richard Johnson +61 414 684 951 Technical Advisor johnsonr1@iinet.net.au 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 Advisor vern.wills@enhance.net.au 30
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