Tinka Resources Limited · TSXV:TK
Tinka Resources — Peru Group Perumin Rocks 2024
31 slides from Tinka Resources's conference presentation, November 2024
Slide 1: The Awakening of a Giant
P E R CÚO NRG ROE SCO K2 0 S2 4 THE AWAKENING OF A GIANT “Ayawilca: New geological interpretations highlight potential world-class polymetallic carbonate replacement / skarn deposits in Central Peru” Dr. Graham Carman, President & CEO, Tinka Resources
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 Resources Limited (“Tinka” or the “Company”), nor shall it or any part of it form the bas
Slide 3: Central Peru - Limestones
CENTRAL PERU - LIMESTONES ➢ Tinka is focused on two projects in the world- class mining belt of Central Peru. ➢ Two key limestone terrains host skarns and CRD deposits in Central Peru: Jumasha Fm ➢ Jumasha Fm (Cretaceous), equivalent to Ferrobamba Fm in southern Peru ➢ Pucara Group (Triassic) ➢ Our
Slide 4: Central Peru Mining Belt
CENTRAL PERU MINING BELT ➢ Ayawilca located ~ 250 km from Lima (Callao, Nexa refinery). ➢ Infrastructure includes a choice of roads, power substation 4 km from project, plentiful water. New Chinese Port ➢ Strategic partners Buenaventura (19% TK) and Nexa (18% TK) own and operate five mines and one z
Slide 5: Regional Geology and Mines
REGIONAL GEOLOGY AND MINES N SILVIA NW ➢ Limestone is abundant. 10 Km ➢ Basement high AYAWILCA (Excelsior Fm phyllite) important features at Raura Ayawilca / Co de Pasco. ➢ Major trans-Andean structures are very important. Atacocha Yumpag ➢ Carbonate replacement Uchucchacua deposts (CRD) and Cerro d
Slide 6: Airborne Magnetics: Intrusions / Skarns
AIRBORNE MAGNETICS: INTRUSIONS / SKARNS Silvia mining claims: 10,900 ha Ayawilca mining claims: 16,800 ha N Silvia NW Cu-Au Up to 12% Cu in rocks Up to 18.0 g/t Au in rocks Acquired from BHP for 1% royalty in 2021 Three areas of Cu-Au outcrop (Areas A, B, C) Area “A” Silvia South Cu-Au Ayawilca Up t
Slide 7: Silvia NW - Geological Map
SILVIA NW - GEOLOGICAL MAP N Local geological map ➢ Jumasha Fm limestone facies – folded into anticlines and Area C 1 km synclines, thrust faults. Extensive skarn ➢ Silvia NW divided into three areas (A, B, and C) over 4 km. outcrops ➢ Targeting a Cu-Au skarn-porphyry system. ➢ Large areas of marble
Slide 8: "Area A" – Silvia NW (viewing South)
“AREA A” – SILVIA NW (viewing South) Silvia NW target (“Area A”) looking south ➢ “Area A” : 500 m strike length Dip and up to 100 m wide, undrilled. Limit of skarn outcrop Area A Silvia NW – viewing to south ➢ Quartz diorite dikes cross the limestones, endoskarn and Trench sampling exoskarn develope
Slide 9: "Area A" Silvia NW Trench
“AREA A” 1.0 m @ 1.2% Cu & 2.9g/t Au 8m @ 0.5% Cu & 0.3g/t Au SILVIA NW 2m @ 1.3% Cu & 0.7g/t Au Trench 4m @ 0.2% Cu & 0.2g/t Au 16m @ 0.5% Cu & 0.3g/t Au sampling 34m @ 0.4% Cu & 0.2g/t Au Geology Open Open 3.5 m @ 0.3% Cu & 0.2g/t Au Cover (scree, alluvium) 8m @ 0.7% Cu & 0.2g/t Au Quartz Diorite
Slide 10: "Area A" – Silvia NW
“AREA A” – SILVIA NW Garnet skarn (exoskarn) at Area A Garnet-pyroxene (endoskarn) with chalcopyrite, gold, sphalerite (no arsenic) TSX-V: TK I TinkaResources.com
Slide 11: "Area B" – Silvia NW
“AREA B” – SILVIA NW Magmatic breccia with sulphide clasts (intense chlorite- biotite alteration) with igneous matrix Exoskarn (pyroxene-garnet-sulphide) at Area B Pyroxene-garnet endoskarn TSX-V: TK I TinkaResources.com
Slide 12: Ayawilca – Blind deposits under Goyllar Sandstone
AYAWILCA – “Blind” deposits under Goyllar Sandstone West East Central Ayawilca South View of Ayawilca looking northeast TSX-V: TK I TinkaResources.com
Slide 13: Ayawilca Deposits – Mineral Resource wireframes
AYAWILCA DEPOSITS – Mineral Resource wireframes ➢ Ayawilca: One of the largest undeveloped Zn-rich polymetallic resources in Americas: 6,500 Mlb zinc in resources with significant tin and EAST silver credits. CENTRAL ➢ PEA released in Feb. 2024 for 2.0 Mtpa Zn-Ag-Pb and 0.3 Mtpa Sn (UG mine) WEST ➢
Slide 14: Ayawilca Deposits – Mineral Resources
AYAWILCA DEPOSITS – Mineral Resources ➢ Three separate Mineral Resources at Ayawilca based on the dominant metal. ➢ Zinc Zone is the largest of the resources, Tin Zone is the earliest and Silver Zone the latest (paragenesis) Mineral Resource Estimation (SLR, Jan. 2024) TSX-V: TK I TinkaResources.com
Slide 15: Ayawilca 2024 PEA: Simplified Zn & Sn Processing
AYAWILCA 2024 PEA: Simplified Zn & Sn Processing 1. ZINC-SILVER-LEAD 180,000 dmt Zn conc / yr (av.) CIRCUIT 5,500 dmt Ag-Pb conc / yr (av.) 2. TIN CIRCUIT 3,000 dmt Sn conc / yr (av.) TSX-V: TK I TinkaResources.com
Slide 16: Ayawilca Geology
AYAWILCA GEOLOGY Ayawilca Geology: Colquipucro ➢ “Blind” – covered by Goyllar sandstone (100-200 m thick). ➢ Pucara Group limestone host East Major structures – several generations: 1. NNW-trending faults (early West basin faults) ENE faults – Centra ‘feeder structures’ l 2. E-W pre-mineral structur
Slide 17: Ayawilca – RTP Magnetics
AYAWILCA – RTP MAGNETICS (same scale as geology) Ayawilca magnetic anomalies Colquipucro ➢ Airborne and ground magnetic data collected in 2015 – first clear evidence of D a major mineral system at Ayawilca U hidden beneath the Gollyar sandstones. East ➢ Three strong magnetic anomalies line up D U al
Slide 18: Ayawilca: Magnetite Skarn (Pre-Mineral)
AYAWILCA: MAGNETITE SKARN (PRE-MINERAL) • Magnetite (chlorite- amphibole-ilvaite- pyroxene-carbonate- quartz) skarn: precursor to Sn and Zn mineralization. • Intrusion NOT identified. • Source of the E-W trending magnetic anomalies at Ayawilca. • “Arborescent” replacement textures are common TSX-V:
Slide 19: Ayawilca – Magnetics with Deposits
AYAWILCA – MAGNETICS WITH DEPOSITS N • NE fault interpreted as East Ayawilca major syn-mineral fault structure (cross section Open A-A’) WEST AYAWILCA A14-18 • Post-mineral sinistral ? Indicated displacement is now Resource 14.5 Mt @ 5.1% A’ interpreted – displaced Zn East Ayawilca some 400 14 g/t A
Slide 20: Tin Zone – longitudinal section (viewing N)
TIN ZONE – longitudinal section (viewing N) • Tin Zone: mostly a SW South Ayawilca NE flat-dipping body of Central Ayawilca A A’ massive sulphide (po, py, carb, qtz, Ag Zone Tin Zone cassiterite, Zinc (indicated) Tin Zone tourmaline) Siltstone Zone Zinc Zone (inferred) • Contact at limestone (blue)
Slide 21: Tin Zone – "060 Fault" acted as feeder for HG tin
TIN ZONE – “060 Fault” acted as feeder for HG tin A14-18 • 1 km strike of HG A14-24 tin Existing Indicated A14-18 platform • More drilling Zinc Zone Resources needed to define high-grade areas and depth extents A13-01 A15-40 West A23-219 plaform A13-12A A13-04 TIN ZONE – Drill intercepts A13-11 A15-
Slide 22: Tin Zone: Cassiterite with Fe-sulphides
TIN ZONE: Cassiterite with Fe-sulphides (po-py-mc) po • Tin occurs predominantly as cassiterite, hosted by massive Fe-sulphides (mostly pyrrhotite) with pyrite, marcasite, Fe cst carbonates and quartz • Predates sulphides at Ayawilca po • Pyrrhotite is magnetic, is partly the cause of the magnetic a
Slide 23: Zn (Pb-Ag) – Peripheral in limestone "traps"
Zn (Pb-Ag) – Peripheral in limestone “traps” ➢ Wireframes changed from stacked horizontal ‘mantos’ Spectacular Zn grades in 2022/23 Drill Program (pre-2022) to vertical chimneys or ‘pipes’ at West 6.0m @ 18.8% Zn incl. 3.0m @ 27.7% Ayawilca following infill drill program in 2022-23. A22-195 Zn ➢ As
Slide 24: Zinc Zone – Massive Zn Sulphides
ZINC ZONE – MASSIVE Zn SULPHIDES West Ayawilca: South Ayawilca: 16 metres @ 22% Zn (A22-220) 39 m @ 20% Zn incl. 10 m @ 42% Zn (A22-202) • Replacement of pre- cursor magnetite (pyroxene – amphibole) by sphalerite-rich mineralization • Semi-massive to massive sulphides • Very high-grade Zn zones inte
Slide 25: Zinc Zone – Main stage mineralization
ZINC ZONE – Main stage mineralization • Replacement of magnetite by sphalerite is common at Ayawilca • Semi-massive to massive mag replacement of magnetite skarn precursor and carbonate replacements • Spatial association sp between the magnetite and zinc is undeniable • Was the magnetite mag essenti
Slide 26: Silver Zone – Late-stage epithermal veins
SILVER ZONE – Late-stage epithermal veins • Carbonate-rich epithermal veins host late-stage silver rich mineralization. • Excellent silver metallurgical characteristics in gn testwork. • Exploration upside: AgS Few drill holes have cbn tested the Ag veins to date. TSX-V: TK I TinkaResources.com
Slide 27: Ayawilca – New Drill Targets
AYAWILCA – NEW DRILL TARGETS Remodelling and reinterpretation of Ayawilca datasets: ➢ Potential for more “pipes” and large Zn targets either under-tested or untested – to be tested in planned 2025 drill program. ➢ Reinterpretation of the geology (using learnings from West Ayawilca infill drilling in
Slide 28: Ayawilca – E-W Cross Section (looking north)
AYAWILCA – E-W CROSS SECTION (looking north) RESISTIVITY East Ayawilca: WEST 21 m @ 6.1% Zn, 0.2% Pb & EAST 13 g/t Ag and 37 m @ 6.1% Zn, 0.4% Pb & 10 g/t Ag in 2015 drill hole - To be followed-up in early 2025 • Pipe-like features in the 500 m resistivity data, next to major mapped faults TSX-V: TK
Slide 29: Ayawilca – E-W Cross Section (looking north)
AYAWILCA – E-W CROSS SECTION (looking north) East Ayawilca: WEST CHARGEABILITY 21 m @ 6.1% Zn, 0.2% Pb & EAST 13 g/t Ag and 37 m @ 6.1% Zn, 0.4% Pb & 10 g/t Ag in 2015 drill hole - To be followed-up in early 2025 • Pipe-like features in the 500 m chargeability data - deep-feature could be related to
Slide 30: Ayawilca – E-W Cross Section (looking north)
AYAWILCA – E-W CROSS SECTION (looking north) A MAGNETICS – Removal of Deep features A’ East Ayawilca: WEST 21 m @ 6.1% Zn, 0.2% Pb & EAST 13 g/t Ag and 37 m @ 6.1% Zn, 0.4% Pb & 10 g/t Ag in 2015 drill hole - To be followed-up in early 2025 WATCH THIS 500 m SPACE!! TSX-V: TK I TinkaResources.com
Slide 31: Gracias!
ACKNOWLEDGMENTS: Tinka Geologists (some ex Tinka): Luis Giraldo Luis Guzman Jorge Gamarra CONTACTS Alvaro Fernandez-Baca Graham Carman, President and CEO gcarman@tinkaresources.com Richard Chaina Mariana Bermudez, Corporate Secretary info@tinkaresources.com Tim McNulty, Corporate Communications tmcn