Tietto Minerals — Investor Presentation (October 2020)
22 slides from Tietto Minerals's investor presentation, Oct 26, 2020
Slide 1: Abujar: West Africa's Next Gold Mine
ABUJAR: WEST AFRICA’S NEXT GOLD MINE Investor update 26 October 2020 ASX:TIE
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by Tietto Minerals Limited (“Company”) does This presentation also contains reference to certain intentions, The information in this presentation that relates to Mineral Resources was not purport to contain all the information that a prospective investor may exp
Slide 3: Fast Tracking Development of Abujar
FAST TRACKING DEVELOPMENT OF ABUJAR • Côte d'Ivoire – premier mining investment destination • Growing 3.02 million ounce gold open pit opportunity • Feasibility study underway - PFS in Q1 2021 and DFS expected Q3 2021 • Clear pathway to development – permitting underway, near infrastructure • Well f
Slide 4: Capital Structure
CORPORATE UPDATE CAPITAL STRUCTURE (ASX:TIE) A$0.55 450M A$247M over A$60M A$187M Share price (23 Oct 20) Shares on issue Market Capitalisation Cash (Sept 20) Enterprise Value SHAREHOLDERS 80 SHARE PRICE MOVEMENT 8 1832 Asset Management 70 7 7.24% 60 6 Hongkong Ausino 50 5 Volume (m) Investment 9.87
Slide 5: Directors and Research
DIRECTORS AND RESEARCH DIRECTORS RESEARCH FRANCIS DR CAIGEN ARGONAUT HARPER WANG Matt Keane Non-Executive Managing Chairman Director and Founder CANACCORD DR PAUL MARK Paul Howard KITTO STRIZEK Technical Executive Director Director EUROZ Jon Bishop HANJING XU FOSTER Non-Executive Mark Fichera Direct
Slide 6: Unlocking Côte d'Ivoire's Gold
UNLOCKING CÔTE D’IVOIRE’S GOLD Increasing Gold 32.6t of gold produced Production from 5 mines in 2019 Stable, vastly under- explored Hosts West Africa’s largest Extensive mining share of greenstone belts for Greenstone Belts prospective gold (~ 34%) jurisdiction Strong Government Tenements granted f
Slide 7: Abujar Gold Project
ABUJAR GOLD PROJECT • 3 contiguous tenements totalling 1,114km2 • Middle tenement hosts JORC Resource of 81.2Mt at 1.2g/t Au for 3.02Moz • High-grade core of 1.6Moz at 2.18 g/t Au at AG deposit • JORC 2012 Resource contained within 3 deposits: • AG – 49.6Mt at 1.5 g/t Au for 2.30Moz: • 24.1Mt at 1.6
Slide 8: AG Deposit
AG DEPOSIT • Robust high-grade core of 1.6Moz at 2.18 g/t Au at AG • Notable results include: • 7m @ 57.79 g/t Au from 76m • 7m @ 41.76 g/t Au from 55m • 21m @ 13.02 g/t Au from 215m • 16m @ 16.31 g/t Au from 111m • 2m @ 113.3 g/t Au from 83m High-grade • 18m @ 11.72 g/t Au from 39m gold from surfac
Slide 9: APG Deposit
APG DEPOSIT TARGETING GROWTH IN 2020 • Inferred JORC 2012 Mineral Resource of 31.0Mt at 0.7 g/t Au for 0.70Moz • Gold mineralisation intersected over a 5km strike • Drilling has defined a wide mineralised gold system • Recent results include: • 9m @ 2.32g/t Au from 160m incl. 4.92m @ 3.80g/t Au 5km
Slide 10: Rapidly Growing Abujar Resource
RAPIDLY GROWING ABUJAR ? + 61,000m RESOURCE diamond drilling completed for current resource model 55,000m drilling 22,000m drilling 3.02M oz 2.2 13,000m Moz drilling 1.7 Moz 0.7 Moz IPO – Q1 April Nov Oct Q2 2018 2019 2019 2020 2021 10
Slide 11: Pipeline of Prospects
PIPELINE OF PROSPECTS Aggressive drilling programs designed to drive continued resource growth throughout 2021 Tietto’s fleet of diamond rigs deliver rapid resource growth with some of the gold sectors lowest costs Tenement Resource Definition Target Testing Target Definition Reconnaissance Middle 1
Slide 12: Low Cost Exploration
LOW COST EXPLORATION Drilling our 50 dollars 00 m further Low cost Production rate drilling of up to 8,500m per ~US$35/m month* 5 Consumables Man portable Tietto owns purchased in rigs with small a fleet of 6 bulk footprint diamond drill rigs * 4 diamond drill rigs 12
Slide 13: Abujar Feasibility Study
ABUJAR FEASIBILITY STUDY Stand Alone Open Pit Development o Assessing potential for a 3.5mtpa open pit gold operation Simple Metallurgy – High Gold Recoveries and Low Energy Usage o Free milling - high gravity and CIL recoveries (up to 98%-99%) PFS o Grinding of fresh material uses 30% less energy t
Slide 14: Encouraging Testwork Results
ENCOURAGING TESTWORK Other RESULTS Process Material AG Deposit(1) Projects(2) Oxide 64.4% 5% - 30% • Metallurgical testwork on AG samples Gravity Trans 82.6% 15% - 40% indicates potential low-cost processing Fresh 83.6% 38% • Excellent gold recoveries at coarse grind Gold Recovery(3) Oxide 98.5% 90%
Slide 15: Working with Local Communities
WORKING WITH LOCAL COMMUNITIES 15
Slide 16: 2021 Catalysts
2021 CATALYSTS 2020 2021 PFS delivery Q1 2021 4th Resource ✓ 3rd Resource Update Environmental Approval Update Mining Licence DFS delivery Q3 Q4 Q1 Q2 2021 Q3 Abujar exploration drilling continues – 70,000m of diamond drilling underway REGIONAL EXPLORATION → Geochem |Geophysical survey | Reconnaissa
Slide 17: Emerging West African Gold Developer
EMERGING WEST AFRICAN GOLD DEVELOPER Growing 3.02Moz high-grade Aggressive drilling to drive continued Funded for 2021 work program, open pit gold resource resource growth throughout 2021 strong shareholder base Large scale PFS underway - potential Continuous news-flow open pit opportunity for low c
Slide 18: Contact Us
CONTACT US: Tietto Minerals +61 8 9331 6710 +61 428738385 +61 431084305 admin@tietto.com www.tietto.com
Slide 19: Abujar Gold Project - JORC Resources
APPENDIX Abujar Gold Project - JORC Resources Mineral Resource Estimates - RPM Global (October 2020)* Oxide Transition Fresh Total Area Class Quantity Au Quantity Au Quantity Au Quantity Au Au (g/t) Au (g/t) Au (g/t) Au (g/t) (Mt) (Moz) (Mt) (Moz) (Mt) (Moz) (Mt) (Moz) Indicated 0.2 1.3 0.006 0.7 1.
Slide 20: Abujar Gold Project - JORC Resources by cut-off
APPENDIX A Abujar Gold Project - JORC Resources Mineral Resources by cut-off RPM Global (October 2020)* AG Indicated AG Inferred APG Inferred Total COG Au Au Au Au Quantity (Mt) Au (g/t) Quantity (Mt) Au (g/t) Quantity (Mt) Au (g/t) Quantity (Mt) Au (g/t) (Moz) (Moz) (Moz) (Moz) 0.1 28.5 1.4 1.3 45.
Slide 21: Appendix B: AG - Cross Sections
APPENDIX B: AG - CROSS SECTIONS 21
Slide 22: Appendix C: Regional Permits
APPENDIX C: REGIONAL PERMITS Highly prospective – Significant land package • Boundiali Group (North Côte d’Ivoire) ✓ Within 20Moz+ Au province • Bongouanou (South-East Côte d’Ivoire) ✓ Underexplored province ✓ Fully granted permits ✓ Reconnaissance geochemical survey planned • Sinfra (Central Côte d
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