Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — International Mining and Resources Conference (IMARC) 2022
31 slides from Theta Gold Mines's conference presentation, Nov 2, 2022
Slide 1: Theta Gold presenting at IMARC (ASX announcement)
2 November 2022 For personal use only ASX ANNOUNCEMENT (ASX:TGM) THETA GOLD PRESENTING AT IMARC Theta Gold Mines Limited (“Theta Gold” or the “Company”) (ASX: TGM| OTC: TGMGF) is pleased to advise that Byron Dumpleton, director of Theta Gold, will be presenting at the 2022 International Mining and R
Slide 2: About Theta Gold Mines Limited
ABOUT THETA GOLD MINES LIMITED Theta Gold Mines Limited (ASX: TGM | OTCQB: TGMGF) is a gold development company that holds a range For personal use only of prospective gold assets in a world-renowned South African gold mining region. These assets include several surface and near-surface high-grade g
Slide 3: IMARC Presentation – Sydney, November 2022
For personal use only IMARC Presentation – Sydney November 2022 DFS TO RECOVER 1.08Moz Au OVER 12.9 YEARS LOM INITIALLY AT TGME UNDERGROUND MINE 6.1Moz GOLD RESOURCE & GROWING
Slide 4: Disclaimer
Disclaimer FORWARD LOOKING AND CAUTIONARY STATEMENTS DISCLAIMER AND COMPETENT PERSONS STATEMENT For personal use only This presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could DISCLAIMER be considered forward looking statements. Forward looking
Slide 5: South Africa's "Newest" Gold Field
South Africa’s “Newest” Gold Field For personal use only The Transvaal Gold System sits geological on the eastern side of Bushveld Complex the largest layered igneous intrusion on earth. Our goldfield already produced ~7Moz Au since 1870s. Theta have generated and delivered one of the largest undeve
Slide 6: Theta Gold Highlights
Theta Gold Highlights For personal use only HIGH GROWTH GOLD INVESTMENT OPPORTUNITY Existing Historic Goldfield - Multiple pre-developed, shallow, high grade historic gold mines – ready to be brought back into production Large, Growing Resource - 6.1Moz gold resource @ 4.17g/t and continuously
Slide 7: Getting Ready for Construction/Production - Deliverables
Getting Ready for Construction/Production - Deliverables Initial startup Definitive Feasibility Study (FS) completed in July 20221 for to produce 1.24Moz Gold For personal use only with a FS Life of Mine of 12.9 years. Streaming funding non-binding Term Sheet executed with Sprott for US$70m (A$1
Slide 8: Sprott Stream Funding Term Sheet
Sprott Stream Funding Term Sheet For personal use only NON-BINDING TERM SHEET EXECUTED WITH SPROTT – US$70m (A$110m) Stream funding Term Sheet signed with Sprott Streaming and Royalty Corporation. Use of Funds – Stream funding is to be used for pre-development, development capital and operating
Slide 9: Progress towards production
Progress towards production For personal use only Q2 2024 Q2 2023 FIRST GOLD EXECUTION Q1 2023 COMMENCEMENT FINALISE PERMITTING Q1 2023 COMPLETE FUNDING Q3 2022 DFS Note: First gold produced timing will be subject to securing funding and obtaining all necessary regulatory permitting approvals. 7
Slide 10: Project Economics at Various Gold Prices – Base Case (AUD)
Project Economics at Various Gold Prices – Base Case (AUD) Forecast For personal use only Project Economics at gold price Unit (USD1,642/ oz USD1,500/oz USD1,600/oz USD1,800/oz USD2,000/oz USD2,200/oz Avg) NPV @ 10% (real) Pre-tax AUDm 432 339 405 536 669 802 NPV @ 10% (real) Post-tax AUDm 292 232 2
Slide 11: FS Project Economics at Various Gold Prices – Base Case (USD)
FS Project Economics at Various Gold Prices – Base Case (USD) Base Forecast For personal use only Project Economics at gold price Unit (USD1,642/oz USD1,500/oz USD1,600/oz USD1,800/oz USD2,000/oz USD2,200/oz LoM Avg) NPV @ 10% (Pre-tax) USDm 324 255 304 402 501 601 NPV @ 10% (Post-tax) USDm 219 174
Slide 12: FS – Key Metrics Base/Ore Reserve Cases
FS – Key Metrics Base/Ore Reserve Cases Description Units Base Case Ore Reserve Case For personal use only Project Targeted Start Date Quarter-yyyy Q1 2023 Q1 2023 Commercial Production Start Date Quarter-yyyy Q2 2024 Q2 2024 Production build up period Months 14 14 Life of mine years 12.9 7.3 Underg
Slide 13: FS - Operating Costs in Dollar per Ton
FS - Operating Costs in Dollar per Ton (Project over LoM) For personal use only • Adjusted Operating Costs against the milled tonnes per year AUD/Milled USD/Milled Operational Cost tonne tonne • The increase in feed tonnes in years 9 to 12 is due to Frankfort mine being mined, and the tonnes reflect
Slide 14: FS - Project Sensitivities
FS - Project Sensitivities (Based on real cash flow in USD) For personal use only 2022 FS Current (November % Change Assumption Base 2022) Case Gold Price (USD) $1,643 / oz $1,646 / oz + -% USD / ZAR $16.00 $18.27 + 14% Exchange Rate • Based on the real cash flow calculated in the financial model, a
Slide 15: FS - Phase Plant Rendering
FS - Phase 1 Plant Rendering For personal use only 13
Slide 16: FS - Free Milling Ore Process Plant
FS - Free Milling Ore Process Plant For personal use only 14
Slide 17: FS - Process Selection and Metallurgical Test Work
FS - Process Selection and Metallurgical Test Work For personal use only Individual Mine % of 1.24M Oz into Mine Test Work Recovery DFS Recovery Used Comments Metallurgical Test Work Schedule Beta 60.4% 87-95% 88% • Beta showed to be amenable to conventional CIL processing with 86-95% recoveries Rie
Slide 18: Strategy to build up to >160,000oz/a Au production within 5 years
Strategy to build up to >160,000oz/a Au production profile within 5 years (only 6 of >40 pre-developed mines) For personal use only CURRENT DFS - 90,000 oz/a PHASE >160,000 oz/a PHASE 1 2 • 4 mining production units • Expand to 7 mining production • 45 kt/m Metallurgical plant units • Recommission e
Slide 19: Environmental Approvals Progress
ENVIRONMENTAL, SCOPING REPORT SUBMITTED， Environmental Approvals COMMUNITY SUPPORTS Progress MR83 CONTINUES For personal use only 1 Forestry permits for the continuation of mining are in progress – refer to ASX Release dated 18 July 2022 ² Refer to ASX Release dated 6 September 2022 “Two License App
Slide 20: Timeline To Production
Timeline To Production Task Description Q2, 2022 Q3, 2022 Q4, 2022 Q1, 2023 Q2 2023 Q3, 2023 Q4, 2023 Q1, 2024 Q2, 2024 For personal use only Definitive Feasibility Study Environmental and Water Approvals ü ü ü ü Gold Plant Construction / Commissioning ü ü ü ü ü Tailings Dam Upgrading ü ü Electrical
Slide 21: Catalysts – months Game-plan
Catalysts – 6 months Game-plan For personal use only Catalysts for a re-rating Permitting completion for Mining Right 83 (EIA, WUL) Completion of Sprott due diligence Binding Streaming Agreement Commercial Bulk Sampling Early Cashflow Discussions Project Full-funded Final Investment De
Slide 22: Corporate Overview
For personal use only OVERVIEW CORPORATE 20
Slide 23: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) For personal use only ESG IS INTEGRAL TO THE DEVELOPMENT STRATEGY AND IS BASED ON: • Conservation of biodiversity • Holistic risk management • Responsible production practices • Zero harm approach to health and safety • Positive impact on host communities • E
Slide 24: ASX Listing
ASX Listing For personal use only Ordinary Shares ASX: TGM 632M¹ Out-of-the-money unlisted options and 73M management performance rights Market Capitalisation1 ~A$51M (~US$33M) (undiluted) Top Shareholders: BNP PARIBAS NOMINEES PTY LTD 14.6% ZENITH (HK) HOLDING LIMITED 8% CITICORP NOMINEES PTY LIMIT
Slide 25: Corporate Directory
Corporate Directory For personal use only BOARD OF DIRECTORS REGISTERED AND PRINCIPLE OFFICE Bill Guy Executive Chairman (Economic Geology) Level 35, International Tower One Richie Yang NED (Corporate Finance) 100 Barangaroo Avenue Bryon Dumpleton NED (Resource Geology) Barangaroo, Sydney, NSW 2000
Slide 26: Appendices
For personal use only APPENDICES 24
Slide 27: Combined Minerals Resource Statement (~6.1Moz)
Combined Minerals Resource Statement (~6.1Moz) Combined Mineral Resource For personal use only Resource Classification Type of Operation Tonnage Gold Grade Gold Content Mt g/t Kg koz Underground 0.091 5.37 489 15.7 Measured Open pit Tailings Total Measured 0.091 5.37 489 15.7 Underground 4.774 6.21
Slide 28: Total Mineral Resources of the Mines included in the DFS
Total Mineral Resources of the 4 Mines included in the DFS - Combined as of 1 February 2021 For personal use only Reef Stope Reef Stope Reef Stope Mineral Resource Content Au Content Mine Reef Grade Grade Width width Tonnes Tonnes Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort B
Slide 29: Mineral Resource Statement – Underground Only (~4.5Moz)
Mineral Resource Statement – Underground Only (~4.5Moz) Mineral Resource Reef Grade Stope Grade Reef Width Stope width Content Reef Tonnes Stope Tonnes Au Content For personal use only Mine Reef Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73 103 520 0.069 0.
Slide 30: Mineral Resource Statement – Open Pit Only (~1.4Moz)
Mineral Resource Statement – Open Pit Only (~1.4Moz) Reef Grade Reef Width Content Reef Tonnes Au Content Mineral Resource Classification Open Pit Mine Reef For personal use only g/t cm cm.g/t Mt kg koz Hermansburg Eluvial 1.79 0 0 0.505 905 29.1 DG1 Eluvial 2.24 0 0 0.640 1 432 46.0 DG2 Eluvial 0.6
Slide 31: Question Time
For personal use only QUESTION TIME WWW.THETAGOLDMINES.COM Byron Dumpleton Director Email: byrond@thetagoldmines.com TICKER: TGM (TRADE IN AU$) TICKER: TGMGF (TRADE IN US$) 29
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