Tnr Gold Corp. · TSXV:TNR
Tnr Gold — Investor Presentation (October 2020)
47 slides from Tnr Gold's investor presentation, October 2020
Slide 1: The Power of Discovery
The Power of Discovery Building The Green Energy Metals Royalty and Gold Company
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION OF TNR GOLD CORP. (“TNR”) Certain of the statements made in this Presentation may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canad
Slide 3: Cautionary Note to US Investors
CAUTIONARY NOTE TO US INVESTORS Mineral Reserves and Mineral Resources - The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" referred to in the Company's disclosure are Canadian mining terms as defined in accordance with National Instrument 43-101 -Standards of Discl
Slide 4: Introducing GEM Royalty TNR Gold Corp.
Introducing GEM Royalty TNR Gold Corp. “Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic
Slide 5: Leadership
LEADERSHIP Board of Directors Management Kirill Klip, MBA – Executive Chairman Kirill Klip, MBA – President and CEO John Davies Maurice Brooks, B. Sc., FCA (ICAEW) – CFO Greg Johnson, B.Sc. Konstantin Klip, B.A. – Vice President, Corporate Development Konstantin Klip, B.A. Nancy La Couvée – Corporat
Slide 6: Corporate Culture
CORPORATE CULTURE Project Portfolio Strategic energy metals focus: lithium and Experienced Management Team Management copper Gold and precious metal assets Strong ownership by insiders and management Proven Business Model Identify and acquire projects at an early stage Selectively advance projects U
Slide 7: Global Assets
GLOBAL ASSETS Shotgun Gold Project CURRENT HOLDINGS Los Azules Copper Project, Argentina Vancouver London • Cu-Au deposit • TNR holds 0.36% NSR Royalty • 100% owned by McEwen Mining Shotgun Gold Project, Alaska • Porphyry gold deposit Los Azules Copper • Well defined mineralization model Project • T
Slide 8: Assets: Alaska
Alaskaminers.org ASSETS ► Alaska “Alaska is a state steeped in a tradition of exploration, mining, and production.” Alaska Miners Association. Alaskaminers.org TSXV: TNR www.tnrgoldcorp.com 8
Slide 9: Assets: Shotgun Gold Project
ASSETS ► Shotgun Gold Project Gold in the Alaskan Elephant Country SHOTGUN • 90% ownership by TNR • Located in SW Alaska near Donlin Gold • Alaska is rising in terms of policy index according to the Fort Knox Fraser Institute’s “Annual Survey of Mining Companies” Pogo • Mineralization style resemble
Slide 10: Shotgun Ridge – Mineralized Intervals
► Shotgun Ridge – Mineralized Intervals NE-Zone Significant Drill Hole Intercepts(5) 12-56: 242m of 1.25g/t Au (over all three mineralized zones) Mid-Zone SW-Zone 12-57: 209m of 1.02g/t Au 22m of 2.86 g/t Au (over all three mineralized zones) 27.4m of 2.3 g/t Au 12-58: 46.55m of 1.14 g/t Au (hole en
Slide 11: Shotgun Ridge – Room to Grow
► Shotgun Ridge – Room to Grow OPEN Mineralization not included in resource estimate(6). (6) See slides at the end of this presentation for a full description of the resource estimate. TSXV: TNR www.tnrgoldcorp.com 11
Slide 12: Shotgun – Resource
► Shotgun – Resource Inferred mineral resource estimate 2013(6)) • 20,734,313 tonnes @ 1.06 g/t Au • 705,960 ounces Au • 0.5 g/t Au cut-off • Mineral resource is located from surface to a depth of 150m • Resource is located on a ridge, forming a topographic high • Mineralization appears to be unifor
Slide 13: Shotgun – Understanding Targets
► Shotgun – Understanding Targets Area of current resource and drilling Undrilled targets have the potential to host gold mineralization IP surveys and drilling only cover a small portion of intrusive complex TSX.V : TNR 200 m TSXV: TNR www.tnrgoldcorp.com 13
Slide 14: Shotgun Gold Project – Opportunity
► Shotgun Gold Project – Opportunity Camp Scale Opportunity • Shotgun Ridge is just one of multiple gold target areas • Gold mineralization identified at each prospect: Shot, King, and Winchester • This group of prospects forms a distinct gold district held 90% by TNR • Surface geochemistry identifi
Slide 15: TNR Gold Strategy with the Shotgun Project
TNR Gold Strategy with the Shotgun Project “The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties,” commented Kirill Klip, Executive Chairman of TNR. “We may be at th
Slide 16: GEM Royalty Business Model
GEM Royalty Business Model TSXV: TNR www.tnrgoldcorp.com 16
Slide 17: Assets: Copper
ASSETS ► Copper “Red metal goes green during Energy rEVolution” Visual Capitalist TSXV: TNR www.tnrgoldcorp.com 17
Slide 18: Assets: Los Azules
ASSETS ► Los Azules 100% owned by "Chile, June 26, 2019 - Argentine and Chilean McEwen Mining Inc. authorities have ratified their cooperative ties and advanced on mechanisms that facilitate the development of mining projects, within TNR holds a 0.36% the framework of the meeting of the NSR royalty
Slide 19: Los Azules Resource
► Los Azules Resource Los Azules ranks as one of the top world copper deposits that are “for JV or sale” and in a low risk jurisdiction Estimate of Mineral Resources by Type (0.20% Cu cut-off)(1) Note: Mineral resources do not have demonstrated economic viability. TNR holds a 0.36% NSR royalty (1)Te
Slide 20: Los Azules Resource
► Los Azules Resource Longitudinal Section Through the Los Azules Deposit (looking west – southwest) McEwen Mining Total contained copper is 4.6Mt (Indicated) and 8.8Mt (Inferred)2 The copper resource contains 10.2 billion pounds Indicated and 19.3 billion pounds Inferred2 Total contained gold is 1.
Slide 21: Los Azules PEA Annual Production
► Los Azules Los Azules PEA Annual Production If It Were in Production Now, Referenced to 2017 World Copper Mine Production (4) (4)Please refer to technical disclosure statements (1 and 3) regarding the PEA. McEwen Mining TSXV: TNR www.tnrgoldcorp.com 21
Slide 22: Los Azules PEA C1 Cost per Pound Copper
► Los Azules Los Azules PEA C1 Cost per Pound Copper If It Were in Production Now, Referenced to 2017 World Copper Mine C1 Cost (4) (4)Please refer to technical disclosure statements (1 and 3) regarding the PEA . McEwen Mining TSXV: TNR www.tnrgoldcorp.com 22
Slide 23: Los Azules Preliminary Economic Assessment
► Los Azules Preliminary Economic Assessment 2017 PEA Highlights(1,3) Base Case ($3.00/lb. copper, $1,300/oz gold, $17/oz silver) • $2.2 billion After-Tax NPV (8% discount rate) and 20.1% After-Tax IRR • 3.6 year payback and a 36 years Life of Mine (LOM); • 415 million lb. average annual copper prod
Slide 24: Los Azules PEA: Commodity Price Assumptions
► Los Azules PEA: Commodity Price Assumptions $3.00/lb. copper Undiscounted Cash Flow Waterfall Diagram for the Life of Project(4) $1,300/oz gold $17/oz silver Undiscounted net smelter return, over the life of the mining project $35.2 billion McEwen Mining (4) Please refer to technical disclosure st
Slide 25: Los Azules Potential Value of TNR's NSR Royalty
► Los Azules Potential Value of TNR’s NSR Royalty TNR holds a 0.36% NSR royalty on the Discounted Cash Flow Waterfall Diagram for the Life of Project(4) entire Los Azules project PEA estimates undiscounted cash flow for the life of mine Net Smelter Return over $35B (4) PEA estimates discounted cash
Slide 26: Los Azules update
► Los Azules update “TORONTO, July 30, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announces its results for the second quarter and first half ended June 30, 2019 (“Q2” and “H1”). Rob McEwen, Chairman and Chief Owner commented: “...At Los Azules we achieved a critical mileston
Slide 27: Los Azules update, McEwen Mining
► Los Azules update, McEwen Mining. TSXV: TNR www.tnrgoldcorp.com 27
Slide 28: Los Azules Summary
► Los Azules Summary Argentina is open for business Los Azules deposit is massive 100% owned by McEwen Mining TNR has 0.36% NSR royalty PEA shows favorable results Project is moving forward Increased Value for TNR! McEwen Mining TSXV: TNR www.tnrgoldcorp.com 28
Slide 29: Assets: Lithium
ASSETS ► Lithium “Lithium will power humans for the next 50 years, then robots” TSXV: TNR www.tnrgoldcorp.com 29
Slide 30: Assets – Mariana Lithium
► Assets – Mariana Lithium Mariana Lithium Brine, Argentina TNR retains a 1.8% NSR royalty on the Mariana Lithium property in Argentina. ILC has a right to repurchase 1.0% of the NSR royalty on the Mariana Lithium property of which 0.9% relates to the Company’s NSR interest. The Company would receiv
Slide 31: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding “The Mariana Lithium PEA study for ILC is the first preliminary economic study that provides a potential value for the total NSR Royalty from the project’s life of mine cash flow. TNR does not have to contribute any capital for development of Mar
Slide 32: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding TNR Gold Corp. (TSXV: TNR) (“TNR” or the “Company“) advises that further to the Company’s news release dated December 12, 2018, International Lithium Corp. (TSX-V: ILC) (“ILC”) has issued a news release dated January 22, 2019 in relation to the M
Slide 33: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding The following table taken from ILC’s news release dated December 6, 2018 presents the Project’s base case economic analysis results. Description Units LCE SOP Total Production tpy 10,000 84,000 Mine Life years 25 Capital Cost (CAPEX) US$ 243,425,
Slide 34: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding The technical report issued in accordance with Canadian National Instrument 43-101 – Standards for Disclosure of Mineral Projects (“NI 43-101″) and containing the results of the PEA, with the effective date of November 15, 2018, is now filed on S
Slide 35: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding “We are very pleased to see that Ganfeng Lithium is advancing the Mariana Lithium project in Argentina towards further pre-feasibility studies. The Mariana Lithium preliminary economic assessment (“PEA”), as announced in our news release of Janua
Slide 36: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project i
Slide 37: Ganfeng Provides Technical Report with Increase of Resource at Mariana
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Vancouver B.C. February 10, 2019: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announc
Slide 38: Ganfeng Provides Technical Report with Increase of Resource at Mariana
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Technical Report – Mariana Lithium Brine Project, Argentina ILC received a technical report for the Mariana lithium brin
Slide 39: Ganfeng Provides Technical Report with Increase of Resource at Mariana
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Notes: • A cut-off grade of 230 mg/L Li was applied for comparative purposes with other operations in Argentina where li
Slide 40: Ganfeng Provides Technical Report with Increase of Resource at Mariana
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project The Company cautions the reader that the only economic studies carried out on the Project are based on the maiden resour
Slide 41: Mariana Lithium, Ganfeng Lithium 2019 Annual Report
► Mariana Lithium, Ganfeng Lithium 2019 Annual Report TSXV: TNR www.tnrgoldcorp.com 41
Slide 42: TNR Gold Mariana Lithium Royalty Holding
► TNR Gold Mariana Lithium Royalty Holding TSXV: TNR www.tnrgoldcorp.com 42
Slide 43: Mariana Lithium, Ganfeng Lithium 2020 Interim Report
► Mariana Lithium, Ganfeng Lithium 2020 Interim Report TSXV: TNR www.tnrgoldcorp.com 43
Slide 44: Contact Us Today
CONTACT US TODAY We welcome your inquiries Investor Relations Hub Joint Venture https://tnrgoldcorp.com/investors/ Partnerships IR@tnrgoldcorp.com 1177 West Hastings St., Suite 2300 Vancouver, BC, V6E 2K3, Canada Phone: +1 604-229-8129 Fax +1 604-229-8150 www.tnrgoldcorp.com Financing October 2020 T
Slide 45: Technical Disclosure Statements
► Technical Disclosure Statements Certain Information in this presentation is based on studies conducted by McEwen Mining Inc. and their consultants and “Qualified Persons” as defined by National Instrument 43-101. Statements in the presentation referring to Resource Estimates and a Preliminary Econ
Slide 46: Shotgun Zone Resource Estimate: effective date May 27, 2013
► Shotgun Zone Resource Estimate: effective date May 27, 2013 The Shotgun Zone mineral resource estimate is based on 34 diamond drill holes (NQ) totaling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted betwe
Slide 47: Shotgun Ridge Inferred Resource Estimate
► Shotgun Zone Resource Estimate: effective date May 27, 2013 Shotgun Ridge Inferred Resource Estimate – Au (g/t) cut-off Modeled based on a 0.3 – 0.5 g/t Au cut-off Cut-off Tonnes Grade (g/t) Grams Ozs <0.1 g/t 24,551,029 0.96 23,628,833 759,770 0.1 g/t 24,545,917 0.96 23,628,825 759,769 0.2 g/t 24