Titan Mining Corp. · TSX:TI
Titan Mining — Investor Presentation (March 2023)
21 slides from Titan Mining's investor presentation, Mar 8, 2023
Slide 1: Built for Growth
TSX: TI A PROVEN TEAM DRIVEN BY VALUE BUILT AND COMMITTED TO EXCELLENCE FOR February 2023 GROWTH
Slide 2: Cautionary Notes
CAUTIONARY NOTES Forward-Looking Information: This presentation contains "forward-looking information" within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is exp
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Best-in-Class Leadership Pure Zinc Play Optimizing Cash Flow Demonstrated track record in exploration and Exposure to Increasing Zinc Prices Fixed Zinc Pricing Arrangement development - Executive Chair, Richard Warke, Located in prolific mining district, zinc plays an Arranged
Slide 4: Excellent Track Record
| EXCELLENT TRACK RECORD CURRENT AUGUSTA COMPANY RETURNS PAST AUGUSTA COMPANY RETURNS TSX: SLS TSX: TI TSX: G 12,960% 3,300% 6,100% 1,000% OTCQB: SLSSF OTCQB: AUGG return return return return $790M $65M $150M SOLD for $1.6B SOLD for $667M SOLD for $2.1B $1.6B Market Cap Market Cap Market Cap Market
Slide 5: Overview
OVERVIEW Ø Focus on exploration and development; driven by best-in-class leadership Ø Empire State Mine (ESM), NY State Ø 100%-owned zinc producer in historic mining district Ø 2022 production of 52.5M1 payable lbs Ø Developing fully permitted Sphaleros mine project Ø Forecasted 54-58 M lbs of payab
Slide 6: 2022 Highlights
2022 HIGHLIGHTS Ø Improved safety with total recordable injury rate below the national average Ø Produced a record 52.5 million payable pounds of Zinc in 20224 Ø Received permit to expand mining at Sphaleros MISSION: Ø Maintained quarterly cash dividend of C$0.01 per To deliver extraordinary share t
Slide 7: Focused on Exploration in a 100-Year-Old Zinc District
FOCUSED ON EXPLORATION IN A 100-YEAR-OLD ZINC DISTRICT Ø ESM controls >80,000 acres of minerals rights throughout the district >80,000 acres of mineral rights controlled throughout district Ø Producing zinc concentrate in northern New York Ø Long-term zinc concentrate offtake agreement with Glencore
Slide 8: 2023 Production and Cost Guidance
2023 PRODUCTION AND COST GUIDANCE Ø Anticipate increase in production in 2023 from development of the Sphaleros Mine project Ø Steady and marked improvement in safety and production ESM Production and Cost Guidance Units 2023 Payable Production Zinc Mlbs 54-58 Cost C1 Cash Cost1 $/lb 1.08 – 1.12 AIS
Slide 9: Improving Performance and Trajectory
IMPROVING PERFORMANCE AND TRAJECTORY All-in Sustaining Cost per Payable Zinc lb Zinc Production 1.80 120,000 25.0 1.60 100,000 20.0 1.40 1.20 Zinc Production (Mlbs) 80,000 15.0 1.00 60,000 0.80 10.0 40,000 0.60 5.0 0.40 20,000 0.20 - - 0.00 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21
Slide 10: Near-Mine and District Exploration
NEAR-MINE AND DISTRICT EXPLORATION Ø Production supported by current mineral resources with potential for near-mine resource additions • Current source is ESM #4 mine – multiple zones in production; Mahler, New Fold, #2D, and Mud Pond • Drilling continues to expand and discover additional mineraliza
Slide 11: Potential Near-Term Incremental Mill Feed
POTENTIAL NEAR-TERM INCREMENTAL MILL FEED CONTINUING SPHALEROS A PROUD LEGACY MINE PROJECT #4 Shaft and Facilities Ø Fully Permitted 5,5 Ø Shallow zones of near-mine remnant 00 mineralization discovered fee in Nov 2019 t/1 Ø Potential to add low-cost ,6 production 67 Ø Achieves Titan's strategy me o
Slide 12: Excellence in Exploration
EXCELLENCE IN EXPLORATION MAHLER UNDERGROUND DRILLING MUD POND Ø Utilizing Company-owned and operated underground drills NEW FOLD (drilling cost <$20/ft) ESM #4 Mine Ø Delineation of additional mineralization in Mahler, Mud Pond and New Fold Fowler ESM #3 mine Ø Data used to refine current mine plan
Slide 13: Resource Expansion Potential at #4 and #2D
RESOURCE EXPANSION POTENTIAL AT #4 AND #2D Ø #4 mine – mineralized zones generally plunge to northeast; potential to extend zones up and down-plunge Ø Underground exploration drilling following up on intercepted mineralization between Mahler and New Fold. Ø #2D zone – More than 2,000ft of strike len
Slide 14: District Exploration – 2023 Plan
DISTRICT EXPLORATION – 2023 PLAN District Exploration Ø Focused on areas of untested geologic, geochemical, and geophysical potential. Ø 2023 Program in planning and development phase. Ø Surface geochemical sampling to further define past occurrences and extend known mineralization. Ø 1,981 soil sam
Slide 15: Mineral Resources
MINERAL RESOURCES Underground as of October 1, 2020 Tons Zn Contained Pounds Category (000’s US short tons) (%) (M Lbs) Measured 190 13.56 51.6 Indicated 1,524 11.49 350.3 Measured + Indicated 1,714 11.72 401.9 Inferred 6,551 11.11 1,455.6 Notes: Mineral Resources are not Mineral Reserves and do not
Slide 16: Appendix
APPENDIX Zr TITAN
Slide 17: Our Approach to Sustainability
OUR APPROACH TO SUSTAINABILITY GUIDING Ø Our employees are governed by a commitment to integrity, trust, community involvement as well as environment and social stewardship APPROACH Ø Our projects are developed with the goal of delivering long-term mutual economic benefits for employees, communities
Slide 18: History of Exploration Success
HISTORY OF EXPLORATION SUCCESS | Potential for Additional Discoveries Long Production History with Numerous Many discoveries made during Discoveries a century of mining operations 120000 Ø Minimal exploration during 2000- New (Hyatt) West Branch (Hyatt) 2010 period Edwards (1903) Hyatt (1917) #2 (19
Slide 19: The Right People | Best-in-Class Leadership
THE RIGHT PEOPLE | Best-in-Class Leadership Richard Warke | Executive Chairman Consistent record of creating shareholder value at Augusta Group Donald Taylor | CEO 25+ years of mineral exploration experience Discovered world-class Taylor sulphide deposit – winner of PDAC’s 2018 Thayer Lindsley Award
Slide 20: Non-GAAP Financial Measures | Free Cash Flow
NON-GAAP FINANCIAL MEASURES | FREE CASH FLOW Free Cash Flow is a non- GAAP measure. The company believes this measure is a useful indicator of its ability to operate without reliance on additional borrowing or usage of existing cash. Free Cash Flow is intended to provide additional information only
Slide 21: TSX: TI
TSX: TI Email: info@titanminingcorp.com Phone: 604-687-1717 www.titanminingcorp.com