Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — Investor Presentation (February 2022)
20 slides from Trx Gold's investor presentation, February 2022
Slide 1: Corporate Presentation
Corporate Presentation Producing, Exploring & Developing February 2022
Slide 2: Cautionary Note
Cautionary Note Tanzanian Gold Corporation (“Tanzanian Gold” or the “Company”), has taken 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 reliabi
Slide 3: Buckreef Gold Project: Advancing Africa's Next Large Gold Mine
Tanzanian Gold Corporation Buckreef Gold Project: Advancing Africa’s Next Large Gold Mine Large Resource & Blue-Sky Potential Advancing on Three Value Accretive Tracks 1. Expanding Oxide Mine Production • 2.04 M oz Au M&I (35.88 Mt @ 1.77 g/t) plus • Commissioned 360 tpd processing plant 636 K oz In
Slide 4: Refreshed & Experienced Leadership Team
Refreshed & Experienced Leadership Team Credible New Team Delivering Results Stephen Mullow ney – 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
Slide 5: FY 2021 Highlights
FY 2021 Highlights Setting the Foundation for Long-Term Success • Installed a new senior management team at Tanzanian • Discovery of the Anfield Zone Human Capital Gold and Buckreef Gold Exploration • Discovery of the Buckreef West Zone • Added 4 new Directors to Tanzanian Gold Board • Initiation of
Slide 6: ESG: Key Focus
ESG: Key Focus Establishing Robust Environmental Standards and Strengthening Community Relations • Low carbon footprint by maximizing grid power (95% hydroelectric & natural gas) and Environment minimizing diesel usage • Recycling of all water used in operations and no water discharge from operation
Slide 7: Expanding Oxide Mine Production (~10% of Resources)
Expanding Oxide Mine Production (~10% of Resources) 360 tpd Expanding to 1,000+ tpd Buckreef Gold - 360 tpd has been Commissioned – 1,000+ tpd Expansion to be Completed in Q2/Q3 Open Pit Crush Grind CIL Tailings Buckreef Open Pit Crushed Ore at Site 360 tpd Ball Mill CIL Tanks New TSF Contract Miner
Slide 8: Blue-Sky - Resource Expansion Through Exploration
Blue-Sky - 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 Mineral • Oxide and sulfide
Slide 9: 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 Sulphide Project Development 2018 PFS Summary (US$1,300 oz. Au) Convert Validate Evaluate Increase Description Amount Resources to Metallurgical Phased Annual Ot
Slide 10: 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: 0.48x 0.74x 0.77x $370 0.59x 0.47x 0.50x 0.52x 0.34x 0.39x 0.24x 0.25x ~1x Higher Tanzanian Rio2 Bluestone Sabina Ascot OreCorp Ore
Slide 11: 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 12: Key Takeaways
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 Low cost, high Numerous Leveraging Undervalued M&I Res
Slide 13: Rapid Progression
Tanzanian Gold Corporation Rapid Progression 13
Slide 14: 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 • 2021 Safety Incident Frequency Rate of 4.9 per million hours (incl. contractors) and ‘0’ for Buckreef full-time employees • Daily COVID-19 briefing • Formation of a Health/COVID-19 team
Slide 15: Resembles Other African Operations
Resembles Other African Operations Buckreef Similar to Wahgnion, Buzwagi and Geita Deposit Type Mining/RecoveryMethods M&IResource M&I Grade StrippingRatio 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/dolerit
Slide 16: Capital Structure
Capital Structure Well Positioned to Move Forward Financial Snapshot1 Share Ownership Tickers NYSE:TRX, TSX:TNX Share Price (February 22, 2022) US$0.36 (C$0.45) 52-Week Range US$0.34-US$0.78 (C$0.43-C$0.99) 15% Basic Shares Outstanding 272.9 M Retail Options 7.4 M 15% Warrants 41.3 M Institutions Ma
Slide 17: Buckreef Shear Zone Mineral Resources
Buckreef Shear Zone Mineral Resources M&I Mineral Resources for the Buckreef Shear Zone More Than Doubled in 2020 NI 43-101 Mineral 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
Slide 18: Superior Liquidity vs. Peer Group
Superior Liquidity vs. Peer Group TanGold Exhibits Significant Trading Volume Average Trading Volume (millions) 1.02 LTM substantially higher trading volume (~2x) than that of its next closest peer 0.60 0.55 0.51 0.48 0.35 0.34 0.32 0.32 0.31 0.26 0.19 0.16 0.14 0.15 0.13 0.14 0.14 0.12 0.13 Tanzani
Slide 19: Investor Relations
Investor Relations Investor Relations: Michael Leonard / Stephen Mullowney Email: IR@tangoldcorp.com | Website: www.tangoldcorp.com 19
Slide 20: 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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