Turaco Gold Ltd · ASX:TCG
Turaco Gold — Manas Resources — Shareholder Meeting (May 2020)
21 slides from Turaco Gold's shareholder meeting presentation, May 29, 2020
Slide 1: Potential for Large-Scale Gold Discoveries, Côte d'Ivoire, West Africa
Potential for Large-Scale Gold Discoveries, Côte d’Ivoire, West Africa ASX:MSR 29 May 2020
Slide 2: Disclaimer & Cautionary Statement
Disclaimer & Cautionary Statement This Presentation has been prepared as a summary only and does not contain all information about Manas Resources Limited's (“MSR” or the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabilities.
Slide 3: MANAS: Investment Highlights
MANAS: Investment Highlights • Substantial ground holdings: > 1,811km2 of prospective gold belts in Côte d’Ivoire; • Attractive investment destination with stable fiscal regime & recent mining code; • Flagship Mbengué Gold Project (MGP) < 10km from the largest gold mine in the country (Barrick’s Ton
Slide 4: Birimian Craton: World Class Terrain
Birimian Craton: World Class Terrain • West African craton - world’s largest Proterozoic gold producing region: annual gold production > Yilgarn craton of Western Australia; • Numerous prolific Birimian greenstone belts extend through Burkina Faso, Ghana, Guinea, Mali, Senegal and Côte d'Ivoire; • M
Slide 5: Côte d'Ivoire: Country Overview & Projects
Côte d’Ivoire: Country Overview & Projects • Attractive West African destination for foreign investment; • Francophone country with well- educated population and good infrastructure; • Manas has built a significant project portfolio through option agreements and staking covering > 1,811km2 of highly
Slide 6: Mbengué Gold Project (MGP): Geology and exploration
Mbengué Gold Project (MGP): Geology and exploration • 647km2 of highly-prospective Senoufo greenstone belt; • Close to region’s major mines; • 2 permits assembled through staking and JV: • Dielle: 100% owned • Mbengué: earning 70%; (refer to slide 2 for earn-in details) • Three major shear zones (ea
Slide 7: MGP: Regional Exploration Potential
MGP: Regional Exploration Potential • PR272 (Mbengué) has encouraging historical and recent results: • Previous explorer (PRU:ASX) undertook regional work and extensive drilling at the Turaco target, best results including 28m @ 8.4g/t Au; 27m @ 3.7g/t Au; 36m @ 2.0g/t Au and 58m @ 1.5g/t Au; • Sinc
Slide 8: MGP: Regional Geochemical Response
MGP: Regional Geochemical Response • Regional geochemical sampling confirms major structures present, potential for world-class discovery; • Major 10km+ anomalies associated with each of Tongon, Mbengue and Toumoukro Shear Zones; • Linking structure between the Tongon and Mbengue shears, Mamba, is 1
Slide 9: MGP: Mbengué Permit Exploration
MGP: Mbengué Permit Exploration • 2020 - work conducted at Le Vieux- Madala-Turaco target; • Excellent historical drill intercepts: • 28m @ 8.4g/t Au; 27m @ 3.7g/t Au; 36m @ 2.0g/t Au; 9m @ 5.1g/t Au; 7m @ 7.5g/t Au etc.; • Recent work generated numerous large geochemical and IP anomalies for furthe
Slide 10: MGP: Recent Results, LVP Grid
MGP: Recent Results, LVP Grid • LVP Grid auger drilling = 132 holes for 791m; • 1.8km x 1.3km coverage; • First of nine planned auger drilling targets returned highly-encouraging results: two zones each >1.5km long, intercepts to 23.6g/t Au over 2m; • Defines new RC drill targets for testing later i
Slide 11: MGP: Diellé Permit Exploration
MGP: Diellé Permit Exploration • Brand new, 100% owned permit; • Covered with regional geochemical survey; • Numerous anomalies generated for follow up work; • Main Mbengue Shear Zone (MSZ) target is ~16km long with peak value >2g/t Au; • Ongoing work includes an IP grid over 10km long. 11
Slide 12: Eburnea Gold Project (EGP): Review
Eburnea Gold Project (EGP): Review • Located in central-eastern Cote d’Ivoire, ~35km NW of Bouake (pop. >540,000); • Well established infrastructure, no large villages, bisected by the N’zi River (flows year-round); • Permit covers 385km2 - southern extension of Hounde greenstone belt which hosts se
Slide 13: EGP: Exploration Plans
EGP: Exploration Plans Q2 2020 • Cover whole permit with regional geochemical sampling (ongoing) Q4 2020 • Follow-up with IP and auger drilling to firm up on drill targets • Drill sizeable targets Analytic Signal magnetics on topographic map 13
Slide 14: Tortiya Gold Project (TGP): Review
Tortiya Gold Project (TGP): Review • Located in central-northern Cote d’Ivoire, between MGP and EGP; • Two 100%-owned permit applications covering 780km2; • Grass-roots project targeting a significant magnetic anomaly defining a 40km-long sinusoidal shear zone; • Magnetic interpretation indicates gr
Slide 15: TGP: Exploration Plans
TGP: Exploration Plans • Major shear zones are conduits for hydrothermal fluid focus in the shears and surrounding rocks throughout West African Birimian Supergroup • Such settings are often associated with major gold deposits – e.g. Newmont’s granitoid- hosted Ahafo mine in Ghana (~13Moz Au) • Shea
Slide 16: MANAS: Exploration Timeline
MANAS: Exploration Timeline Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Geochemical Surveys MGP ✔ Geophysical Surveys MGP ✔ Ongoing Drilling MGP ✔ Ongoing ? Potential Maiden Resource MGP ?? Geochemical Surveys EGP Ongoing Geophysical Surveys EGP ? Test Drilling EGP ? Geochemical Surveys TGP ? Ne
Slide 17: MANAS: People & Corporate Snapshot
MANAS: People & Corporate Snapshot Alan Campbell – Non-Executive Chairman Capital Structure • 30+ years in global exploration and mining for major and junior companies; Share price (ASX: MSR)1 $0.004 • Former MD of Papillon Resources (Fekola discovery) which was acquired by B2 Gold. Ordinary shares
Slide 18: MANAS: Investment Case
MANAS: Investment Case • ‘Mine finding’ board and management team; • 1,811km2 ground holdings of highly prospective terrain located in investor-friendly West African country; • Flagship MGP project shows signs of resource potential, adjacent to a major gold producer with declining resources and 2 ye
Slide 19: For further information, please contact:
For further information, please contact: Chris MacKenzie Chief Executive Officer Manas Resources Limited E: chris.mackenzie@manasresources.com Ph: +61 8 9380 6062 Fax: +61 8 9380 6761 Corporate Office Level 2, Suite 9 389 Oxford Street Mount Hawthorn WA 6016 Australia View over the Tongon Dam at MSR
Slide 20: Appendix I: References
Appendix I: References • Bermúdez-Lugo, O., 2015. The Mineral Industry of Côte d’Ivoire. USGS 2012 Minerals Yearbook, pp 12.1–12.5. • Goldfarb, R.J., et.al., 2017, West Africa: The World’s Premier Paleoproterozoic Gold Province. Economic Geology, v. 112, pp 123–143 (and references therein.) • Lawren
Slide 21: Appendix II: Côte D'Ivoire Factsheet
Appendix II: Côte D'Ivoire Factsheet • Former French colony; Presidential Republic; Area > 332,000km2; Population > 26 million; • GDP > USD97 Billion; Inflation 0.8%; main exports – Cocoa, Coffee, Oil • Corporate and Capital Gains Taxes: 25% • ICSID, MEIGA, EITI member • Modern mining code (2014): o