Troilus Mining Corp · TSX:TLG
Troilus Mining — Troilus Gold — Investor Presentation (January 2018)
27 slides from Troilus Mining's investor presentation, Jan 8, 2018
Slide 1: The Troilus Gold-Copper Project
The Troilus Gold-Copper Project Advancing one of Quebec’s Next Gold Producers Corporate Presentation | January 8, 2018 | TSX.V: TLG
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements Statements and certain information contained in this presentation and shares; rising production costs; equipment material and skilled technical any documents incorporated by reference may constitute “forward- workers; volatile current global financial con
Slide 3: Troilus – Company Overview
Troilus – Company Overview ▪ Past-producing Au/Cu mine located in the Val-d’Or district ▪ Indicated: 2.1Moz AuEq grading 1.45 g/t (44.0Mt) Quality Asset Inferred: 543koz AuEq grading 1.33 g/t (12.6 Mt)* ▪ Mineral expansion program underway ▪ Key infrastructure in place, including roads and power ▪ S
Slide 4: Capital Structure, Management & Board
Capital Structure, Management & Board TSX.V: TLG (Jan. 5, 2018, share price: $1.85) Capital Structure Management Team Shares Outstanding 41,510,620 Justin Reid CEO & Director Options/Warrants 4.1M / 14M Paul R. Pint President Analyst Coverage Denis C. Arsenault CFO & SVP, Quebec PI Financial Philip
Slide 5: Troilus Project Location – Plan Nord
Troilus Project Location – Plan Nord N Area covered by the Plan Nord Plan Nord ▪ Unveiled in May 2011 ▪ 25-year, $80B development project focused on Quebec’s territory located north of the 49th parallel ▪ Promotes development of various sectors, including mining ▪ “Investissement Québec”, the invest
Slide 6: Troilus Project – Proximity to Val-d'Or/Abitibi
Troilus Project – Proximity to Val-d’Or/Abitibi N Opatica Sub-Province Abitibi Sub-Province 100 km 6
Slide 7: Existing Project Infrastructure
Existing Project Infrastructure ▪ Operating power line to site maintained by Hydro-Quebec ▪ High voltage sub-station (all equipment in place); ▪ Emergency generator in place ▪ Operational water treatment facility ▪ Extensive network of roads and nearby rail access ▪ Office building and gatehouse 7
Slide 8: Existing Project Infrastructure
Existing Project Infrastructure Generator – General Area Water Treatment Plant Equipment Maintenance Shop Tailings Pond Spillway 8
Slide 9: Existing Project Infrastructure
Existing Project Infrastructure Tailings Pond – Reclaimed and Revegetated; Rock armour installed to prevent erosion Main incoming high voltage yard Emergency Generator 9
Slide 10: Troilus History
Troilus History The Troilus mine operated from 1996-2010 as a conventional open-pit mine, producing in excess of 2 million ounces of gold and nearly 70,000 tonnes of copper ▪ Two main gold and Former copper zones were mined: Open Pits Z87 and J4 ▪ Commercial production was achieved in 1997 at 10ktpd
Slide 11: 3D Section of Troilus Zones Looking North
3D Section of Troilus Zones Looking North 11
Slide 12: Troilus Zones - Photos
Troilus Zones - Photos Zone 87 Zone J4 12
Slide 13: Geology Overview
Geology Overview ▪ Hosted in Troilus Diorite, and in porphyritic felsic intrusions ▪ Two main zones of Au-Cu sulphide mineralization: Z87 and J4 ▪ Chalcopyrite, pyrite, pyrrhotite ▪ Mineralization focused on margins of Troilus Diorite in breccias, amphibolite, and quartz – chlorite (±tourmaline) vei
Slide 14: Troilus – Estimated Mineral Resources
Troilus – Estimated Mineral Resources Former Open Pits Z87, J4 & J5 Zones Open Pit & Underground Mineral Resources ▪ Indicated: 44.0 Mt containing 1.8 Moz Au @1.27 g/t and 117 Mlbs of Cu @ 0.12% (2.1 Moz AuEq @ 1.45 g/t AuEq) ▪ Inferred: 18.7 Mt containing 622k oz Au @1.03 g/t and 34.8 Mlbs of Cu @
Slide 15: Troilus – Estimated Underground Resources
Troilus – Estimated Underground Resources Contained Contained Contained Tonnage Au AuEq Zone Cu (%) Gold Copper AuEq (Mt) (g/t) (g/t) (000 oz) (Mlb) (000 oz) 87 29.6 1.48 0.157 1.72 1,403 102.2 1,635 Indicated J4 - - - - - - - J5 - - - - - - - Total 29.6 1.48 0.157 1.72 1,403 102.2 1,635 Indicated 8
Slide 16: Troilus - Exploration Targets
Troilus - Exploration Targets Former Open Pit Targets Mineralized Surface Targets 16
Slide 17: Z87 Zone - Current Mineral Resources
Z87 Zone - Current Mineral Resources Indicated >0.8 g/t AuEq Inferred 0.8-1 g/t AuEq 1-1.5 g/t AuEq 1.5-2 g/t AuEq 2-100 g/t AuEq Underground Mineral Resources, Zone 87 (November 20, 2017) Contained Contained Contained Au AuEq Tonnage (Mt) Cu (%) Gold Copper AuEq (g/t) (g/t) (000 oz) (Mlb) (000 oz)
Slide 18: Z87 - Potential Upgrading of Deep Inferred
Z87 - Potential Upgrading of Deep Inferred Existing Mineral Block Model Expected Growth from Infill & Deep Drilling Indicated Inferred Existing Inferred and Indicated Mineral Resources Exploration success at depth could potentially add 30-50% more mineral resources ▪ Open at depth ▪ Dark green: Infi
Slide 19: Z87 - Section 13 600 N (200m Section)
Z87 - Section 13 600 N (200m Section) 4.13 g/t Au; 0.18 % Cu; 3.4 g/t Ag; over 42m 1.06 g/t Au; 0.08 % Cu; 1.2 g/t Ag; over 34m 1.9 g/t Au; 0.29 % Cu; 3.2 g/t Ag; over 32m Mineralized zone Drill hole trace OPEN
Slide 20: J4 Pit - Potential Upside
J4 Pit - Potential Upside J4 Open Pit Surface Topography Open Pit Resource Constraining Shell Target Area ▪ Infill program to improve Indicated & Inferred mineral resources ▪ Drill below constraining shell to add to existing mineral resources 20
Slide 21: J5 Pit - Potential Upside
J5 Pit - Potential Upside Surface Topography J5 Zone J4 Zone Open Pit Target Area ▪ Infill program to improve Indicated & Inferred mineral resources ▪ Drill below constraining shell to add to existing mineral resources 21
Slide 22: Southwest & Z86 - Historical Results
Southwest & Z86 - Historical Results 500m 22
Slide 23: Potential District Potential
Potential District Potential ▪ Simplified Lithology showing “Frotêt-Evans Greenstone Belt” and Northern Abitibi ▪ Older rocks than North Abitibi; share similar deformational, plutonic, and metamorphic history Troilus 23
Slide 24: Phased Exploration Program Underway
Phased Exploration Program Underway Phase 1 – Expand Near-term Underground ▪ Infill and upgrade existing mineral resources (Z87) ▪ Explore down dip mineralization potential Phase 2 – Explore Existing Potential Open Pit Targets on Property ▪ Define and expand existing surface mineral resources (J4, J
Slide 25: Internal Mine Development Scenario
Internal Mine Development Scenario Internal Underground Mine Development Study Assuming Current Mineral Resources ▪ Ongoing internal engineering studies ▪ Conceptual mine modelling ▪ Financial modelling Z87 Mineral Resources Below the Pit Conceptual Underground Mine Development 25
Slide 26: Project Development
Project Development Underway ▪ Advance phased exploration program ▪ PEA underway; Feasibility Study to follow ▪ Environmental Assessment update ▪ Continued communication with First Nations and local communities 26
Slide 27: TSX.V: TLG
TSX.V: TLG Corporate Headquarters Spyros Karellas 800-65 Queen Street West Communications Manager Contact us: Toronto, Ontario M5H 2M5 +1 (416) 433-5696 www.troilusgold.com skarellas@troilusgold.com