Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — IPO Roadshow (October 2019)
32 slides from Trx Gold's IPO roadshow presentation, Oct 15, 2019
Slide 1: Successful Explorer To Emergent Miner
TSX: TNX NYSE AMERICAN: TRX Successful Explorer To Emergent Miner TANZANIAN GOLD CORPORATION October 2019 Filed pursuant to Rule 433 Issuer Free Writing Prospectus dated October 15, 2019 Registration Statement No.: 333 - 226949
Slide 2: Introductory Cautionary Notes
Introductory Cautionary Notes Tanzanian Gold Corporation “Tanzanian Gold”, has taken all reasonable care in producing and publishing information contained in this presentation. Tanzanian Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliabil
Slide 3: Stock Information Page Corporate Management Page – Lake Victoria Greenstone Belt
Stock Information Page 1 Corporate Management Page 2 – 4 Lake Victoria Greenstone Belt Page 5 Tanzanian Gold Exploration Footprint Page 6 BUCKREEF PROJECT Overview Page 7 Mineral Reserves by Prospect Page 8 Feasibility Stage Page 9 Economics Page 10 2019 DRILLING PROGRAM Overvi
Slide 4: Stock Information
Listed on the Toronto and NYSE American Stock Exchanges TSX: TNX NYSE American: TRX Shares Outstanding – 150,391,558* Fully Diluted – 162,049,316* * As of August 31, 2019 1
Slide 5: Jim Sinclair – Executive Chairman
Jim Sinclair – Executive Chairman Jim Sinclair has been engaged in gold mining in Tanzania from the late 1980’s when he was the Chairman of Sutton Resources, the junior mining company which developed the prolific Bulyanhulu Mine in the Lake Victoria Greenstone Belt. With such a substantial and rob
Slide 6: Ulrich Rath - Director
Ulrich Rath - Director Mr. Rath has a wide range of experience in the mining industry, and has specific experience in North America, South America including Argentina, Chile and Peru and in South Africa. Mr. Rath was until recently the President and CEO and Director of Ch ari ot Resources Ltd., a ju
Slide 7: Giancarlo Volo and Peter Zizhou
Giancarlo Volo – Director of Operations Africa Mr. Volo has over 35 years of entrepreneurial, managerial and operational experience in Africa. His business experience is va rie d and extensive ranging from communications, mine security, transport, aviation to construction.. During Mr Volo’s tenure a
Slide 8: Sukumaland Greenstone Belt
5 Sukumaland Greenstone Belt • Tanzanian Craton consists of series of volcano - sedimentary greenstone sequences. • Deposited 2.8 - 2.5 Ga and affected by multiple phases of deformation and granitoid emplacement. • The Lake Victoria Goldfields District contains 8 separate greenstone belts. • Two lar
Slide 9: The Company's Projects
6 The Company’s Projects: • Buckreef Gold Mine : (Buckreef Main, Buckreef South, Eastern Porphyry, Tembo, Bingwa & Buziba - : Pre - Development/Pre - Production stage / ML: 2.505Moz) • Kigosi Gold Prospect : (Kigosi Main Reef, Kigosi Gravel, & Igunda - Pre - Development Stage / ML: 0.59Moz) • Itetem
Slide 10: Buckreef Project Overview
Buckreef/Buziba Project is underpinned by large all inclusive, high grade resource of over 4Moz. Buckreef Project is a 55/45% joint venture agreement between TANZAM2000 and the State Mining Company of Tanzania (STAMICO) an arm of the Tanzanian Government TANZAM2000, Tanzanian registered, is a
Slide 11: Mineral Reserves by Prospect
• BUCKREEF: Has mineral reserve of 16.35Mt @ 1.52g/t Au (797,652 Oz) • EASTERN PORPHYRY: Has mineral reserve of 1.06Mt @ 1.04g/t Au (35,224 Oz) • TEMBO: Has mineral reserve of 70,183t @ 2.35g/t Au (5,312 Oz) • BINGWA: Has mineral reserve of 1.609Mt @ 2.04g/t Au (105,661 Oz) • ALL PROSPECTS: Has mine
Slide 12: June 2018 Pre-Feasibility Study
June 2018 Pre - Feasibility Study (43 - 101 Compliant) mineable open pit with just under 1.0M oz 9
Slide 13: Gold Price Sensitivity
10 $/oz Sensitivity Base Case @ $1,300 At $1,500 IRR = 132%
Slide 14: 2019 Drilling Program Phases
11 Phase I : Infill Drilling (mainly RC)…..Increase in - pit mineable reserves Phase II : Below Open Pit Bottom (mainly DD….Explore continuity of ore zones Phase III: Ultra Deep….Test mineralization below Phase II
Slide 15: Accomplishments to Date
Drilled 10,592 m to Sept 25, 2019 (34,751 ft): RC: 6,446 m DD: 4,146 m Phase I: completed Phase II: 33% complete Phase II will be extended with modest drilling in South Pit area Phase III: final planning 12
Slide 16: Phase I Drilling within the Open Pit
13 15 infill holes will facilitate converting Inferred Reserves to M&I Reserves and could add in - pit mineable oz
Slide 17: Phase II Below Pit Bottom
14 Pit Bottom 400m From Surface 550m From Surface
Slide 18: Current Drill Target Results
15 From 147 - 274.9m; 89.6m @ 1.5 g/t - 9.4m @ 6.5 g/t - 6.2m @ 8.5 g/t - 2m @16.6 g/t From 357 - 420m : 63m @ 4.8 g/t - 4m @ 5.9 g/t - 22m @ 9.3 g/t - 6m @ 18.9 g/t - 2m @ 31.1 g/t From 360 - 421.9m: 13m @ 4.6 g/t - 2.5m @ 21.7g/t - 1m @ 50.5 g/t From 464.3 – 503m: 38.7m @ 5.2 g/t - 3m @ 7.8 g/t -
Slide 19: Northeast Extension
16 Hole L25 - 1 is the most northerly hole drilled on our grid. Results from this hole indicate that the Northeast Extension is still open. From 650m to 681m : - 31.0m @ 2.5 g/t - 2.0m @ 6.9 g/t - 1.0m 11.9 g/t - 7.0m @ 4.0 g/t - 1.0m @ 15.5 g/t - 2.0m @ 4.4 g/t - 1.0m @ 6.8 g/t
Slide 20: Remaining Phase II Drilling
17 Drilling to complete Phase II is 7,185m . This total does not include appr. 2,000m of additional RC drilling in the South Pit area South Pit At Sept 25, 2019
Slide 21: Phase III Drill Plan
18 The Phase III to test continuation of mineralization from the surface – through the open pit – continues below the pit bottom into the Ultra Deep. Some holes could be 900 - 1200m long .
Slide 22: Other Accomplishments
Geophysical Survey completed Resource - Geology Model almost complete New Surface Map published New Interpretation of Northeast Extension Metallurgical & Rock Mechanics Testing Evaluating Pilot Plant Production At Site 19
Slide 23: Gamma Confirms Rock Types
The Down - Hole Geophysical Survey was done in 21 holes covering 5177.8m, significantly more than when the program was announced. In all holes Gamma correlated exceptionally with rock types, and rock boundaries . 20
Slide 24: Anomalies Require Analysis
Six holes contained “moderate” to “very strong” IP Conductivity Anomalies. These anomalies will be integrated with geological and mineralization from the Model to generate additional drill targets 21
Slide 25: Gold Mineralization
New surface map shows 1,200 m (3,937 feet) of continuous mineralization at surface Data for Buckreef Project from approx. 892 holes that drilled 137,509 meters . New Geology - Resource Model 85% complete. Red Zone is wireframe @ 0.4g/t Au 22
Slide 26: Northeast Extension
Bifurcation of Main Zone into two branches. Two styles gold mineralization x typical of shear hosted gold deposits; narrower intercepts with high grade x Wide intercepts often at a grade of less than 1.0 g/t Au is likely degradation of typical style by post emplacement of nearby large bodies of gran
Slide 27: Key Testing Underway
New Metallurgical tests to establish optimum flow sheet for a larger plant than PFS. Data from large pilot plant will be incorporated into tests. Rock Mass UCS &Triaxial tests to provide rock strength characteristics required for engineering planning of below pit bottom mining 24
Slide 28: Pilot CIL Process Plant: 2019
25 • C ompany has commenced planning for the purchase, or construction of a pilot CIL Process plant • Plant will be as per current flowsheet designs in the Pre - Feasibility report of 2017 • Plant will have a capacity of 3 - 5tph • Plant will process existing ROMPAD ore stockpiles to test recoveries
Slide 29: Two Choices
26 The Company will soon be facing two choices for the path ahead. » Make the current project better, or » Change the scope to include open pit and underground mining Make It Better Change Scope
Slide 30: TRX: A Compelling Story
TRX has several characteristics which make it a compelling story among its peers in the junior gold mining industry : The Company has had a long history of operation in the country of Tanzania, and has an excellent record in all of its business dealings at the local, regional, and national level.
Slide 31: Additional Information, Contact Information
The entire Amended National Instrument 43 - 101 Independent Technical Report Mineral Reserves Estimate and Pre - Feasibility Study on the Buckreef Gold Mine Project, Tanzania report can be accessed on Sedar, Edgar or from the corporate website at www.tangoldcorp.com Our Investor Relations depart
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