Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Indaba Investment Battlefield (February 2019)
26 slides from Theta Gold Mines's conference presentation, Feb 5, 2019
Slide 1: A Sustainable Gold Miner in the Making
For personal use only A Sustainable Gold Miner in the Making Indaba Investment Battlefield (Cape Town, 5 February 2019) Bill Guy - Chairman 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: Experienced Team Corporate
For personal use only Experienced Team Corporate Theta Gold Mines has new directors and shareholders that are dedicated to bring the company to production Key Personnel Position Expertise and Role Bill Guy Chairman Bill is a professional mining executive and geologist with over 25 years’ experience
Slide 4: The Big Three: TGME In The Making
For personal use only The Big Three: TGME In The Making • 1886 – Current. Witwatersrand (surrounds Johannesburg, currently mining up to 4km underground) TGME Gold Projects • 1881 – Current. Barberton Goldfield (450km East of Johannesburg, Greenstone belt, currently mining up to 2km underground, rece
Slide 5: Investment Overview
For personal use only Investment Overview Our Assets Current Focus: • As an ASX junior explorer , Theta Gold Mines has one • Feasibility underway for the initial open‐cut mine at of the largest JORC 2012 resources with 5.75 Moz Theta Hill (fully funded) o Reserve drilling • 620 km2 of ground holding
Slide 6: East Transvaal Goldfield Open-cut Mining
For personal use only East Transvaal Goldfield Open-cut Mining 5
Slide 7: Proven Data-to-drill Validation Model
For personal use only Proven “Data‐to‐drill Validation Model” One of the 40+ open‐cut targets generated from historical mining/exploration data currently being digitised from paper records for the first time in history. 6
Slide 8: Theta Hill Project
For personal use only Theta Hill Project Open-cut #1 – Theta Hill Diluted Diluted Diluted Resource Open Pit Au Content % Reef grade Width Tonnes Classification Mine Resource g/t cm Mt Kg K Oz Theta Hill Upper Theta 1.13 100 0.185 210 6.7 1% Indicated Theta Hill Lower Theta 4.26 100 0.587 2 500 80.4
Slide 9: First Open Cut – Positive Scoping Study
For personal use only First Open Cut – Open-cut #1 – Positive Scoping Study Theta Hill • Mill feed of 3.6Mt @ 4.77g/t Au (553koz contained, 509koz recovered) • LOM of 7.6 years, 67kozpa average @ AISC US$569/oz1 • Peak Capital of US$16m, including US$11m for CIL plant refurbishment • Post‐Tax/Royalt
Slide 10: High Grade Open-cut Plan
For personal use only High Grade Open‐cut Plan Open-cut #1 – Theta Hill • Theta Hill to provide early mill feed for the refurbished Metallurgical plant DG4 • Low cost and high margin is the desired Theta North outcome from feasibility work planned over 2018/early 2019. • Board and Management focused
Slide 11: Theta Hill Cross section
For personal use only Theta Hill Cross section Open-cut #1 – Theta Hill Theta Hill drill statistics to date • No. of Boreholes 297 • Total Metres 13,021 m • Avg hole depth 44 m • Nominal drill spacing 45 m • No. of assays including QAQC 14,323 10
Slide 12: Surface Roll-back Mining
For personal use only Surface Roll‐back Mining Open-cut #1 – Theta Hill Example of the style of open‐ cast, bench‐mining planned at • Low cost stripping of overburden Theta Hill. The method involves progressive strip mining, in‐pit • Minimal drill and blast predicted due to waste emplacement and ver
Slide 13: Reduced Capital Plant Refurbishment
For personal use only Reduced Capital Plant Theta Hill Open Cut Refurbishment Plans in progress • Preliminary cost estimate of US$11m for refurbishment and upgrade to a 480Ktpa plant (last operated in 2015) • New crushing and Milling circuits, additional CIL circuit tanks, refurbishment of elution a
Slide 14: Plant Layout
For personal use only Plant Layout Theta Hill Open Cut Planned layout of upgraded facilities. Existing facilities last running in 2015. Plant photos as at May 2018. 13
Slide 15: The Big Picture
For personal use only THE BIG PICTURE 14
Slide 16: Many Targets Growing Open Cut Resources
For personal use only Many Targets Growing Open One of the 40+ Cut Resources open‐cut targets generated from historical mining/exploration data currently being digitised from paper records for the first time in history. 15
Slide 17: More Open-Cut Drilling Targets
For personal use only More Open‐Cut Drilling Targets Growing Open Cut Resources Vaalhoek Mine Frankfort Mine CDM Columbia Hill Pilgrims Rest Theta Hill Chi Mine Beta Mine Desire Mine TGME Plant Browns Hill 2 km 16
Slide 18: Building Value Investment Summary
For personal use only Building Value Investment Summary Feasibility & Reserves drilling Aim to be valued based on future Evaluate & Drill for Theta Hill develop production indicated/Inferred Open‐cut earnings Resources other (67kozpa1 supported by a nearby high initial plan) High grade targets grade
Slide 19: Appendices
For personal use only Appendices 18
Slide 20: Resources JORC 2012 – 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 21: Resources JORC 2012 – 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 22: Resources JORC 2012 – 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 23: 2018 Delivery – Columbia Hill strong drill results
For personal use only 2018 Delivery – Growing Open Columbia Hill strong drill results Cut Resources 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
Slide 24: More: Vaalhoek Open-cut
For personal use only Growing Open More: Vaalhoek Open‐cut Cut Resources • 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 20k
Slide 25: Rietfontein Mine Shallow Underground
For personal use only Rietfontein Mine Shallow Underground Development pipeline Open • JORC Resource of 2.88Mt @ 8.42g/t Au for along strike 780Koz (31% Indicated, 69% Inferred) >3km strike • Mine not accessed since WWII due to water ingress over 70 years • Focus of drilling will be on higher grade
Slide 26: Thank you
For personal use only Thank you Rob Thomson Bill Guy Managing Director Chairman www.thetagoldmines.com robt@thetagoldmines.com billg@thetagoldmines.com 25
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