Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Investor Presentation (March 2019)
29 slides from Theta Gold Mines's investor presentation, Mar 20, 2019
Slide 1: 5.8 Moz Resource & potential near-term gold production profile
For personal use only THETA GOLD MINES LIMITED ASX: TGM 5.8 Moz Resource & potential near-term gold production profile Investor Presentation March 2019 (Hong Kong & Singapore ) ASX: TGM
Slide 2: Disclaimer and Competent Persons Statement
For personal use only Disclaimer and Competent Persons Statement • This Presentation has been prepared by and issued by Theta Gold Mines Limited (ASX:TGM) (Theta or the Company) is to assist in informing interested parties about the Company and should not be considered as an offer or invitation to s
Slide 3: Investment Overview: low CAPEX, potential near-term production
For personal use only Investment Overview: low CAPEX, potential near‐term production • Gold 5.75 Moz @ 4.57g/t Au discovered with 2 Moz increase (2018). • A massive ground holding across the East Transvaal Goldfield. • Potential to bring multiple mines online, increase the production profile. • Firs
Slide 4: Corporate Overview
For personal use only Corporate Overview Capital structure 85% of register owned by Top 20 Ordinary shares ~357 million Fineway Creation Ltd (Since 2018) 18.80% Listed Options (TGMO), 2yr expiration $0.30 exercise (m) 31.4 Tasman Funds Management (related to Director, Since 2015) 9.18% Unlisted Opti
Slide 5: New directors & exec: a clear focus on production
For personal use only New directors & exec: a clear focus on production Key Personnel Position Expertise Mr Guy is a professional Mining executive and geologist with over 25 years’ experience in exploration and resource Bill Guy Chairman development (in Asia, Australia and Europe), capital raisings
Slide 6: Project Overview: a leading gold stock in the making
For personal use only Project Overview: a leading gold stock in the making • A massive 620 km2 of ground holding across the East Transvaal Goldfield • Multiple open‐cut mines in the making, creating a very unique South African gold company • Potential to bring multiple mines online and to organicall
Slide 7: Market Overview: emergence of an established mining jurisdiction
Market Overview: emergence of an established For personal use only mining jurisdiction • South Africa has produced more gold than any other country • Around 2B ounces have been produced from South African goldfields • The mining industry employs over 500,000 people and contributes around 10% of GDP
Slide 8: Numerous examples of recent South African mining success
For personal use only Numerous examples of recent South African mining success • Bushveld Minerals Vanadium/Iron producer (LSE.BMN, £425m MC ) • Vanadium producer (2.5ktpa growing to >4ktpa) • Share price rose >3300% from £1.45 to £48 within two years by Aug’18 • H1 2018 revenue of US$85m (H1 2018 E
Slide 9: Exploration & development
For personal use only Exploration & development 8 ASX: TGM
Slide 10: A massive holding covering a major gold field
For personal use only A massive holding covering a major gold field This prolific gold field has produced • 1886 – Current. Witwatersrand around 7Moz in the past. (surrounds Johannesburg, currently mining up to 4km underground) TGME Gold Projects • 1881 – Current. Barberton Goldfield (450km East of
Slide 11: JORC Resource of 5.8Moz, up 57% in 2018
For personal use only JORC Resource of 5.8Moz, up 57% in 2018 • The company successfully delivered resource Data-to-Drill Validation Model growth of 57% (+2.0Moz) during programs undertaken in 2018 Resource Growth 6 • Effective cost of US$15/oz to prove up 5.5 Indicated Resources JORC Resource (Moz
Slide 12: Multiple Immediate-Term Open-Cut Drilling Targets
For personal use only Multiple Immediate‐Term Open‐Cut Drilling Targets Vaalhoek Frankfort Mine Mine CD M Continuing Columbia Pilgrims to Grow Rest Hill Theta Hill Open Cut Chi Beta Mine Resources Mine Desire TGME Mine Plant Browns Hill 2 km 11 ASX: TGM
Slide 13: First Open Cut – Feasibility Study due Q2 2019
For personal use only First Open Cut – Feasibility Study1 due Q2 2019 • A focus on delineating sufficient initial reserves to underpin the financing and construction of the Theta Open Cut Project in H2 2019 • The Feasibility Study will define a high margin startup development, with short capital pay
Slide 14: Reduced Capital Plant Refurbishment
For personal use only Reduced Capital Plant Refurbishment • Scoping Study from September 2018 provided preliminary cost estimate of US$11m1 for refurbishment and upgrade to a 480Ktpa plant (last operated in 2015) • New crushing and Milling circuits, additional CIL circuit tanks, refurbishment of elu
Slide 15: 2019 – A Transformative Year
For personal use only 2019 – A Transformative Year Current Focus Development strategies Growing Value • Deliver Feasibility (Theta Hill) • Build shallow open cut resources • Make new shallow discoveries via • Reserve drilling, detailed • To convert part of the large systematic exploration engineerin
Slide 16: Building Value in 2019-2020
For personal use only Building Value in 2019‐2020 Feasibility & Reserves Aim to be valued drilling Evaluate & Drill for Theta Hill develop based on future indicated Open‐cut other production earnings /Inferred (67kozpa1 nearby high supported by a solid Resources 5.75Moz+ Resource initial plan) grade
Slide 17: APPENDIX Mineral Resources
APPENDIX 1 For personal use only Mineral Resources 16 ASX: TGM
Slide 18: Resources JORC 2012: Stonewall Underground Operations
For personal use only Resources JORC 2012 Mineral Res ources for the Stonewall Underground Operations as at Septem ber 2018 Reef Reef Stope Reef Stope Resource Stope Grade Content Au Content Mine Reef Grade Width width Tonnes Tonnes Classification g/t g/t cm cm cmgt Mt Mt Kg koz Meas ured Frankfort
Slide 19: Resources JORC 2012: Stonewall Open Pit Operations
For personal use only Resources JORC 2012 Mineral Res ources for the Stonewall Open Pit Operations as at Septem ber 2018 Reef Reef Resource Reef Width Content Au Content Open Pit Mine Reef Grade Tonnes Classification g/t cm cmgt Mt Kg koz Herm ans burg Elluvial 1.79 0 0 0.505 905 29.1 DG1 Elluvial 1
Slide 20: Resources JORC 2012: Stonewall Tailings Dams
For personal use only Resources JORC 2012 Mineral Res ources for the Stonewall Tailings Dam s as at Septem ber 2018 Resource Surface Operation Reef Tonnage Gold Grade Gold Content Notes: Classification Mt g/t Kg koz 1. Underground cutoff is 160cm.g/t, open pit Glynn’s Lydenburg Tailings 1.211 0.80 9
Slide 21: Growing open-cut resources: Columbia Hill
For personal use only Growing open‐cut resources: Columbia Hill March 2019 Drill Results November 2018 Drill Results BHID From To Width Au g/t Au Comments Au Content Back calc in situ Iota m m m Cm.g/t Reef g/t over 25cm RCBI12B 43.00 59.00 16.00 3.27 Bevetts 5,233 13.08 Incl 48.00 58.00 10.00 4.46
Slide 22: More open-cut potential: Vaalhoek
For personal use only More open‐cut potential: Vaalhoek • Potential second high grade open‐cut mine • Resource of 0.62Mt @ 16.9g/t (335koz), 82% inferred1 • Drilling planned for 2019 to upgrade to primarily Indicated Resources and plan for Reserves (JORC, 2012). • Located within 20km of TGME process
Slide 23: Underground potential: Rietfontein Mine
For personal use only Underground potential: Rietfontein Mine Open Shallow Underground Development pipeline along strike • JORC Resource of 2.88Mt @ 8.42g/t Au for >3km strike 780Koz (31% Indicated, 69% Inferred) • Mine not accessed since WWII due to water ingress over 70 years • Focus of drilling w
Slide 24: Other Underground Opportunities to Grow Resource
For personal use only Other Underground Opportunities to Grow Resource • Numerous additional underground opportunities identified Shallow Underground • Criteria of high grade (>5g/t) and low capital requirements Development pipeline • Second‐priority behind Theta Hill, Vaalhoek open cuts and Rietfon
Slide 25: APPENDIX Mining techniques
APPENDIX 2 For personal use only Mining techniques 24 ASX: TGM
Slide 26: Concept Mine Planning at Theta Hill Opencut
For personal use only Concept Mine Planning at Theta Hill Opencut • Low cost stripping of overburden • Minimal drill and blast predicted due to very broken ground cost effective & lesser environmental impact • In‐pit emplacement of waste during ‘bench‐style’ contour mining • Relatively flat‐lying
Slide 27: Surface Miners at Theta Hill Opencut
Surface Miners at Theta Hill Opencut For personal use only • Simple Mining high productivity up to 4,300 t/hr (Low Operating Cost) • Selective Mining ‐ Reduced dilution, maximised ore recovery, reduced gold losses • Less energy costs ‐ eliminate primary crushing and drill and blast operations • Less
Slide 28: Soft Rock Mining at Theta Hill Opencut
For personal use only Soft Rock Mining at Theta Hill Opencut • Flexibility: Greater selectivity, improved productivity and reduced dilution. Can work in steep terrain with variable contours Comparison of costs from different rock-types (courtesy Wirtgen/Minxcon). 27 ASX: TGM
Slide 29: Theta Gold Mines Ltd
For personal use only Theta Gold Mines Ltd Rob Thomson Managing Director Bill Guy Chairman ASX: TGM www.thetagoldmines.com robt@thetagoldmines.com billg@thetagoldmines.com 28 ASX: TGM
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