Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — IPO Roadshow (November 2019)
19 slides from Trx Gold's IPO roadshow presentation, Nov 1, 2019
Slide 1: Successful Explorer To Emergent Miner
TSX: TNX NYSE AMERICAN: TRX Successful Explorer To Emergent Miner TANZANIAN GOLD CORPORATION Good morning, Ladies and Gentlemen. I want to bring you up- to-date on a very exciting program where we are making a mine in Tanzania. It’s called Buckreef.
Slide 2: Global mineral resources by project
000 oz Measured…. 815 Indicated….. 1837 M&I.. 2652 Inferred…… 1003 Total.. 3655 • BUCKREEF: Has global mineral resource of 33.93Mt @ 1.51g/t Au (1.547MOz) • BUZIBA: Has global mineral resource of 29.434Mt @ 1.05g/t Au (0.990MOz) • KIGOSI: Has global mineral resource of 21.79Mt @ 0.84 g/t Au (0.586MO
Slide 3: June 2018 Pre-Feasibility Study
June 2018 Pre - Feasibility Study (43 - 101 Compliant). Mineable open pit with just under 1.0M oz 3 Buckreef, we’ve just published a 43-101 pre-feasibility. It’s one step away from feasibility so the estimates are plus or minus about 15%. All costs, all capital.
Slide 4: Buckreef economics and gold price sensitivity
4 $/oz Sensitivity Base Case @ $1,300 At $1,500 IRR = 132% It’s a robust economics at $1,300 gold price. The net present value is after tax. We only publish after tax. We don’t believe publishing net present value pre-tax is very meaningful. After tax, it’s a 131 million, the IRR is 74%. At today’s
Slide 5: Three-phase drill program
5 Phase I : Infill Drilling (mainly RC)…..Increase in - pit mineable reserves Phase II : Below Open Pit Bottom (mainly DD….Explore continuity of ore zones Phase III: Ultra Deep….Test mineralization below Phase II We’ve instituted a significant drill program in three phases. The first one is to fill-
Slide 6: Drilling progress to September 2019
Drilled 10,592 m to Sept 25, 2019 (34,751 ft): RC: 6,446 m DD: 4,146 m Phase I: completed Phase II: 60% complete Phase II will be extended with modest drilling in South Pit area Phase III: final planning stage 6 To date, we’ve drilled 35,000 feet. That’s not a junior drilling, Ladies and Gentlem
Slide 7: Infill holes to convert inferred to M&I
7 15 infill holes will facilitate converting Inferred Reserves to M&I Reserves and could add in - pit mineable oz Here is a graphic of the modest open pit. The red are the in-fill drill holes recommended in the pre-feasibility study. We’ve drilled fifteen of them and our intention would be to upgrad
Slide 8: Drilling below the pit bottom
8 Pit Bottom 400m From Surface 550m From Surface Here’s one of my favorite slides. I draw your attention to the black arrows. The black arrows indicate the bottom of the existing pit. From both of these, you can see the intensity of our drilling from surface to the bottom of the pit. More recently i
Slide 9: Recent intercepts below the open pit
9 From 147 - 274.9m; 89.6m @ 1.5 g/t - 9.4m @ 6.5 g/t - 6.2m @ 8.5 g/t - 2m @16.6 g/t From 357 - 420m : 63m @ 4.8 g/t - 4m @ 5.9 g/t - 22m @ 9.3 g/t - 6m @ 18.9 g/t - 2m @ 31.1 g/t From 360 - 421.9m: 13m @ 4.6 g/t - 2.5m @ 21.7g/t - 1m @ 50.5 g/t From 464.3 – 503m: 38.7m @ 5.2 g/t - 3m @ 7.8 g/t - 8
Slide 10: Hole L25 northeast extension
10 Hole L25 - 1 is the most northerly hole drilled on our grid. Results from this hole indicate that the Northeast Extension is still open. From 650m to 681m : - 31.0m @ 2.5 g/t - 2.0m @ 6.9 g/t - 1.0m 11.9 g/t - 7.0m @ 4.0 g/t - 1.0m @ 15.5 g/t - 2.0m @ 4.4 g/t - 1.0m @ 6.8 g/t We’ve also exten
Slide 11: Remaining Phase II drilling and South Pit
11 Drilling to complete Phase II is 7,185m . This total does not include appr. 2,000m of additional RC drilling in the South Pit area South Pit At Sept 25, 2019 We have still some drilling to do. You can see here the numbers as of September, they’re a bit dated. We’ve added 2,000 meters of drilling
Slide 12: Other activities toward making a mine
New Surface Map published Resource - Geology Model almost complete Geophysical Survey completed New Interpretation of Northeast Extension Metallurgical & Rock Mechanics Testing Evaluating Pilot Plant Production At Site 12 On top of that, we have started other activities related to making a mine and
Slide 13: New surface map and geology resource model
New surface map shows 1,200 m (3,937 feet) of continuous mineralization at surface Data for Buckreef Project from approx. 892 holes that drilled 137,509 meters . New Geology - Resource Model 85% complete. Red Zone is wireframe @ 0.4g/t Au 13 This is the map. We’ve just published it for the first tim
Slide 14: Geophysical survey results
Six holes contained “moderate” to “very strong” IP Conductivity Anomalies. These anomalies will be integrated with geological and mineralization from the Model to generate additional drill targets 14 Some results from the geophysics.
Slide 15: Metallurgical and rock mechanics testing
New Metallurgical tests to establish optimum flow sheet for a larger plant than PFS. Data from large pilot plant will be incorporated into tests. Rock Mass UCS &Triaxial tests to provide rock strength characteristics required for engineering planning of below pit bottom mining 15 Confirmation of
Slide 16: Pilot CIL Process Plant
16 • C ompany has commenced planning for the purchase, or construction of a pilot CIL Process plant • Plant will be as per current flowsheet designs in the Pre - Feasibility report of 2017 • Plant will have a capacity of 3 - 5tph • Plant will process existing ROMPAD ore stockpiles to test recoveries
Slide 17: Phase III ultra deep drilling
17 The Phase III to test continuation of mineralization from the surface – through the open pit – continues below the pit bottom into the Ultra Deep. Some holes could be 900 - 1200m long . We will still be drilling Phase III deeper.
Slide 18: Two choices for the path ahead
18 The Company will soon be facing two choices for the path ahead. » Make the current project better, or » Change the scope to include open pit and underground mining Make It Better Change Scope And, by the end of the year we’re going to be looking at two choices for the company. Make the open pit t
Slide 19: Stay tuned.
19 Stay tuned.