Slide 1: ProEXPLO 2021 – March 22nd, 2021
ProEXPLO 2021 – March 22nd, 2021 South Ayawilca,2017 Dr. Graham Carman, CEO Tinka Resources www.tinkaresources.com
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, nor shall it or any part of it form the basis of or be relied on in connection with any
Slide 3: Ayawilca: One of the Best Undeveloped Zinc-Silver Resources
Ayawilca: One of the Best Undeveloped Zinc-Silver Resources 60 Ayawilca Zinc Zone Resources 2015 to 2021… INFERRED ? 50 40 Resources (Mt) Inf. 2018; 6,738 Inf. 2017; 6,873 30 ? Inf. 2016; 3,385 20 Inf. 2015; 2,258 Ind. 2018; 2,149 INDICATED 10 0 2014 2015 2016 2017 2018 2019 2021 Bubble size indicat
Slide 4: Central Peru – Mines & Infrastructure
Central Peru – Mines & Infrastructure • Ayawilca is located in the Department of Pasco, Central Peru • Good road access 7 hours from Lima via Carretera Central or via Huaral • Ready access to power x Shalipayco (NEXA) • Tinka has two strategic mining partners : Giant ore deposit • Buenaventura; Nexa
Slide 5: Ayawilca Project – Milestones
Ayawilca Project – Milestones Tinka Staked claims in Zinc Discovery - South Ayawilca PEA 2019 results 2006 West Ayawilca discovery 2015 NPV8% US$363M 2012 IRR 27.1% Capex US$262M 2009 2013 2019 1940´s 2005 2012 2017 2018 2021 2011 2015 2021 Silver Zone New Management & Buenaventura Pre-Tinka Investo
Slide 6: Ayawilca Zinc Zone: Resource estimate
Ayawilca Zinc Zone: Resource estimate • Based case at $55 NSR cut-off (Nov. 2018) Indicated Inferred NSR ZnEq NSR ZnEq US$/t Tonnage Ag US$/t Tonnage Ag % Zn % Pb % In g/t % Zn % Pb % In g/t Cut-off (Mt) g/t Cut-off (Mt) g/t Grade Grade 40 13.6 7.4 6.3 0.16 75 15 40 52.7 6.2 5.2 0.24 60 17 50 12.4 7
Slide 7: Ayawilca Zinc Zone: Resource by Grade
Ayawilca Zinc Zone: Resource by Grade • Based case at $55 NSR cut-off (Nov. 2018) Zinc Grade by Zone (Zn%) 7.82% 6.46% 5.00% 4.60% South West East Central Ayawilca zinc cons testwork *Based on metal prices of $1.20/lb Zn, $0.95/lb Pb and $18/oz Ag Table modified from Tinka news release dated Novembe
Slide 8: Ayawilca – Mineral Resources (Nov. 2018)
Ayawilca – Mineral Resources (Nov. 2018) Ayawilca Zinc Zone Ayawilca Tin Zone • 100% sulphide (no oxides) • 14.5 Mt grading 0.63% tin • Excellent recovery to zinc concentrate • Separate from the zinc (92%) grading 50% Zn with high indium • Tin occurs as cassiterite • 7.4 billion pounds of zinc in re
Slide 9: Colquipucro – Third Deposit on Property
Colquipucro – Third Deposit on Property • “Colqui silver zone” resource hosted by Goyllar Group sandstone • Mineralization is oxidized • Surface to 100 m depth • Resource dated July 2015 - Potential for open pit mining • 7.4 Mt grading 60 g/t silver (Indicated) • 8.5 Mt grading 48 g/t silver (Inferr
Slide 10: Ayawilca Project – Regional Geology
Ayawilca Project – Regional Geology • 170 km2 mining claims • Multiple untested targets along strike 10
Slide 11: Geology of Ayawilca
Geology of Ayawilca • Excelsior phyllite: Basement A • Pucara limestone: the main host rock to the Ayawilca deposit • Goyllar sandstone: forms a cap to the Ayawilca Zinc Zone • Southward SOUTH plunge to mineralization N A’
Slide 12: Ayawilca: Cross-section South to North
Ayawilca: Cross-section South to North • 4 km strike of mineralization and remains open to the south • Far South area: New target identified in 2020, extensive Zn-Pb soil anomaly, undrilled 4 km A’ A FAR SOUTH AREA SOUTH AYAWILCA WEST AYAWILCA COLQUI S ZINC ZONE ZINC ZONE SILVER ZONE N Colqui Silver
Slide 13: Ayawilca vs Cerro de Pasco
Ayawilca vs Cerro de Pasco • Both deposits are Carbonate Replacement Deposits (CRDs) • Similarities with Ayawilca include: Pucara limestone; sulphide paragenesis; big thrust faults • Differences at Ayawilca: No high sulphidation (Cu-Au) system; No intrusive; Tin = Deeper Cerro de Pasco Ayawilca (sam
Slide 14: Ayawilca Ground Magnetics
EAST AYAWILCA AYAWILCA GROUND MAGNETICS RTE WEST AYAWILCA CENTRAL AYAWILCA CAMP SOUTH AYAWILCA
Slide 15: East Ayawilca West
EAST AYAWILCA WEST AYAWILCA CENTRAL AYAWILCA CAMP A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 16: Residual magnetite skarn – Stage 1
EAST AYAWILCA Residual magnetite “skarn” >20% magnetite Stage 1 WEST AYAWILCA CENTRAL AYAWILCA CAMP A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 17: Pyrrhotite (Tin) – Stage 2
EAST AYAWILCA Pyrrhotite (Tin) > 30% Stage 2 WEST AYAWILCA CENTRAL AYAWILCA CAMP A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 18: Pyrite (Zinc) – Stage 3
EAST AYAWILCA Pyrite (Zinc) >30% WEST CENTRAL Stage 3 AYAWILCA AYAWILCA CAMP A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 19: Tin Resources (2018)
Tin Resources (2018) EAST AYAWILCA WEST AYAWILCA CENTRAL AYAWILCA A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 20: Zinc Resources (2018)
Zinc Resources (2018) EAST AYAWILCA WEST AYAWILCA CENTRAL AYAWILCA CAMP A A’ SOUTH CENTRAL EAST AYAWILCA AYAWILCA AYAWILCA SOUTH AYAWILCA
Slide 21: Stage 1 Magnetite; Stage 2 Pyrrhotite (tin)
Stage 1 Magnetite (with Zn overprint) Sp Mag Sp Stage 2 Pyrrhotite (tin) Po
Slide 22: Stage 3: Sphalerite + marmatite + pyrite
Stage 3: Sphalerite + marmatite + pyrite Mt Qtz Sp Py Sp Py Qtz Sp
Slide 23: Stage 4: Galena + sphalerite + silver minerals with carbonates
Stage 4: Galena + sphalerite + silver minerals with carbonates Qtz Carb Gn Sp
Slide 24: Community Relations & Environment
Community Relations & Environment • Tinka is strongly committed to the health & safety of its employees and stakeholders • The Company has developed strong health protocols to minimise COVID-19 infections • Long-term partnerships are developed with the communities • Social engagement and sustainable
Slide 25: Corporate Summary and Tinka team
Corporate Summary and Tinka team TK: TSXV & BVL Fully diluted shares 355 million Shareholders Market capitalization (at C$0.27/share) ~C$90 million Sentient Equity Partners 22% Management Directors Buenaventura 19% Graham Carman President & Nexa 9% CEO Commodity Discovery Fund 5% Alvaro VP Explorati
Slide 26: Thank you! Tinka's Geological Team
www.tinkaresources.com Thank you! Tinka’s Geological Team: Alvaro Fernandez-Baca, VP Expl & GM Luis Giraldo Correa, Project Manager Richard Chaina Caceres, Sen Geologist Luis Guzman Bernardo, Geologist Harry Carrillo Puma, Geologist info@tinkaresources.com Rob Bruggeman, Investor Relations rbruggema