Tiernan Gold Corp · TSXV:TNGD
Tiernan Gold — Investor Presentation (January 2023)
14 slides from Tiernan Gold's investor presentation, January 2023
Slide 1: De-Risking the Volcan Gold Project
‘De-Risking the Volcan Gold Project’ Corporate Update January 2023 1
Slide 2: Creation of Tiernan Gold
Creation of Tiernan Gold • Private Canadian company holds 100% of the Volcan Gold Project on the Maricunga Gold Belt, Chile • Privately owned by Hochschild Mining (UK) • Evaluating strategic alternatives including potential public offering of shares, or spinning out the shares to existing shareholde
Slide 3: Volcan Project - Strategically Located
Volcan Project - Strategically Located • Maricunga Gold Belt, a prolific porphyry gold district in the Atacama Region, Chile • Over 100 million ounces of past and present gold resources • Hosts a number of operating mines, new mines under construction and major development projects • Located 150km e
Slide 4: Project History
Project History • Acquired by Hochschild in 2012 through the acquisition of Andina Minerals • Over 150,000 metres of drilling 2007-2011 • Prefeasibility Study1 completed in 2011 contemplated 4.3 million ounces of gold production over a 15 year mine life • Historic Mineral Resources2: • M&I: 390.7 Mt
Slide 5: 2022 Mineral Resource Estimate (MRE) Update
2022 Mineral Resource Estimate (MRE) Update • MRE being updated by Micon International • In-pit resources being constrained by updated economic parameters: • Gold Price: $1,800/oz • Average Gold Recovery: 64% • Mining Cost (Contractor): $2.22/t moved • Processing Cost: $6.15/t processed • G&A: $30m
Slide 6: Disciplined Approach to De-Risking
Disciplined Approach to De-Risking Work underway includes: • Deswik Brasil developing optimised mine plan based on updated MRE • Ausenco Chile developing updated capital and operating costs as well as reviewing metallurgical recovery and process flowsheet options • GAC Environmental consultants Chil
Slide 7: Project Next Steps
Project Next Steps • Q3 2022 – Further optimization work • Metallurgical recovery • Mine planning • Water supply • Q4 2022 – NI 43-101 Technical Report • Preliminary Economic Assessment • 2023 – Prefeasibility Study • Core relogging and geological model preparation • Infill and confirmatory drilling
Slide 8: ESG
ESG Low Carbon Power: Phasing out continental water: • Chile National Energy Policy 2050 implemented • Volcan owns water rights to supply operations to decarbonize the country from nearby existing wells • 45% of power generated by renewables in • Third party currently permitting a $1.5b 2020 desalin
Slide 9: Deliver Stakeholder Value Through De-Risking
Deliver Stakeholder Value Through De-Risking Asset Substantial resource in prolific gold belt on an under-explored land package Location Established mining jurisdiction Team Management team being built to de-risk development ESG Low carbon intensity power, water available, limited community impacts
Slide 10: APPENDICES
APPENDICES 10
Slide 11: Historical Mineral Resources
Historical Mineral Resources1 As per Hochschild Mining statement of attributable metal resources at Dec 31, 2020 Ore reserves and mineral resources estimates Hochschild Mining plc reports its mineral resources and reserves estimates in accordance with the Australasian Code for Reporting of Explorati
Slide 12: Management Bio
Management Bio Greg McCunn, PEng, MBA CEO, Volcan Project Mr. McCunn has over 25 years’ experience in the mining industry with extensive experience in finance, operations, project engineering, project construction and corporate development. Mr. McCunn recently served as CEO of Galiano Gold, a junior
Slide 13: Additional Exploration Targets
Additional Exploration Targets 13
Slide 14: Contact Us
CONTACT US: Greg McCunn CEO 14 greg.mccunn@tiernangold.com