Toubani Resources Limited Registered Shs · ASX:TRE
Toubani Resources Limited Registered Shs — Toubani Resources — Investor Presentation (September 2024)
38 slides from Toubani Resources Limited Registered Shs's investor presentation, Sep 9, 2024
Slide 1: Developing West Africa's Next Gold Mine
Developing West Africa’s Next Gold Mine For personal use only Developing West Africa’s Next Gold Mine Investor Presentation | May 2024 ASX : TRE Investor Presentation | September 2024 ASX:TRE 1 1
Slide 2: Disclaimer
Disclaimer This Presentation is for information purposes in connection with Toubani Resources Limited known as “TRE” or the “Company”(s). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees, con
Slide 3: Toubani's Vision for the Kobada Gold Project
Toubani’s Vision for the Kobada Gold Project For personal use only Deliver a high production, low cost oxide gold development project over an extended mine life, at a lean upfront capital cost and providing benefits for all stakeholders 3
Slide 4: Kobada – A Compelling Gold Development Asset
Kobada – A Compelling Gold Development Asset Simple, high production, high margin oxide project For personal use only Large Oxide Resource Free-Milling 2.2Moz MRE (76% of MRE within 150m) (all ore types) (90% Indicated) Technically Simple Low AISC Underexplored (processing & mining operation) (free
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Shareholder Structure Basic Shares Fully Share Price Institutional Management & Outstanding1 Diluted As of 6 September 2024 Investors Directors 227.7M 257.2M A$0.20 >50.0% 5.4% Market Substantial Holders Options/Perf Rights Capitalisation1 P
Slide 6: Mature, Long Established Mining Industry in Mali
Mature, Long Established Mining Industry in Mali Numerous operating mines and capital reinvestments in progress For personal use only • Mining friendly jurisdiction with transparent system of mineral and surface title • Political / social support of mining and stated ambitions to develop resources •
Slide 7: Africa an Active Region for Mine Builds and M&A
Africa an Active Region for Mine Builds and M&A Corporate actions validate large value potential for West African gold projects Recently completed West African gold mine builds Selected West African transaction comparables since 2020 EV/ EV/ For personal use only Company Project Country Date Type Ta
Slide 8: Experience in Funding & Developing Mines
Experience in Funding & Developing Mines Board of Directors Senior Management For personal use only Phil Russo | Managing Director Kerry Griffin | Exploration & Resource Development • 20 years experience in corporate, project development and capital markets • Geologist with over 27 years experience
Slide 9: Kobada Main Deposit – Large Oxide Resource
Kobada Main Deposit – Large Oxide Resource Large, shallow and well drilled open pittable Mineral Resource • Kobada Main is a large, continuous deposit extending over 5km at For personal use only surface level • Mineral Resources of 2.2Moz defined within a 4.5km long open pit with close spaced, near
Slide 10: Kobada Main Deposit – Extends >250m in Depth
Kobada Main Deposit – Extends >250m in Depth Deep weathering profile supports soft rock dominant project • Broad, continuous mineralisation well defined by drilling (drilling is shallow with >90% less than 140m) For personal use only • Mineralisation defined to 250m below surface and remains open at
Slide 11: 2024 Resource Drilling Yielded Compelling Results
2024 Resource Drilling Yielded Compelling Results Numerous wide, shallow, high grade oxide gold intersections across Kobada For personal use only • Numerous near-surface, high-grade oxide results in 2024 confirmed the extensive depth of oxide mineralisation at Kobada • Drill program informed success
Slide 12: Kobada Main Deposit – 76% of MRE Near Surface
Kobada Main Deposit – 76% of MRE Near Surface First 150m from surface predominantly oxide Indicated material For personal use only 120m 65m 0.45Moz 0.45Moz 0 - 50m 0.40Moz 0.05Moz 0.45Moz 0.64Moz 0.14Moz 0.50Moz 50m - 100m 0.61Moz 0.03Moz 0.64Moz Average depth of oxide 0.59Moz 0.21Moz 0.38Moz 100m -
Slide 13: Significant Intercepts Run the Entire Strike Length
Significant Intercepts Run the Entire Strike Length Foundation intercepts at Kobada reflect the forgotten value in the asset • Initial discovery drilling intersected shallow, high grade oxide For personal use only mineralisation • ~160,000m have since been drilled to an average depth of ~110m • Comb
Slide 14: Stepping from Project-to-Mine Drives Decision Making
Stepping from Project-to-Mine Drives Decision Making Strategy focused on demonstrating the attractiveness of Kobada at scale KOBADA GOLD PROJECT For personal use only PROJECT MINE ECONOMIC SCALE SIMPLE OXIDES TECHNICAL RISK Deliver the technical and economic profile required to meet the hurdle rate
Slide 15: Kobada Gold Project DFS
Kobada Gold Project DFS Robust and attractive oxide asset COMPETITIVE CAPEX INTENSITY For personal use only HIGH NEAR PRODUCTION SURFACE, LOW STRIP KOBADA RESOURCE GROWTH GOLD LOW AISC PROJECT SIMPLE OXIDE HIGH MARGIN FLOWSHEET BULK MINING OPEN PIT OPERATION 15
Slide 16: Economies of Scale the Focus Areas of DFS Update
Economies of Scale the Focus Areas of DFS Update Optimising key parameters that drive production, costs & economics For personal use only 2021 DFS DFS Update Potential Opportunity • Increase annual production 3.0Mtpa annual throughput Higher throughput rate • Reduce unit costs Processing • Cash flow
Slide 17: DFS Update to Position Project as Regionally Significant
DFS Update to Position Project as Regionally Significant Kobada has the hallmarks to become an operating mine at a low technical risk profile For personal use only • DFS Update focused on delivering a more optimised alignment between mining and milling rates versus the 2021 study with a step-change
Slide 18: Not All Grade is Equal – Margin Over Grade
Not All Grade is Equal – Margin Over Grade Softer ore supports lower AISC and better economic outcomes For personal use only Free-dig, no drill and Increased Throughput Lower consumables Reduced power blast required, low availability and efficiencies of softer and reagent consumption strip ratio red
Slide 19: Real Capital & Operating Cost Efficiencies of Soft Oxide Ore
Real Capital & Operating Cost Efficiencies of Soft Oxide Ore DFS test work indicates a very low BBWi for oxide ore Normal Gold Operation For personal use only Primary Secondary Drill Blast Load & Haul SAG Mill / HPGR Ball Mill Gravity Leaching Crusher Crushing Kobada Oxide Operation Primary Secondar
Slide 20: Untapped Potential Below Current Mineral Resource
Untapped Potential Below Current Mineral Resource >0.7Moz of fresh rock material in MRE with mineralisation open at depth • Significant free milling, fresh rock optionality in later years exists at depth For personal use only • Historic drilling results in fresh rock at Kobada include1: • 9m at 21.0
Slide 21: New Discoveries in an Established Gold District
New Discoveries in an Established Gold District Walk-up regional targets successfully extended near-surface oxide mineralisation • Kobada is a large gold system in a prolific gold district with numerous near-surface targets For personal use only • Over 165,000m of drilling focused primarily on the K
Slide 22: Target – Kobada West
Target 5 – Kobada West Previously untested target unlocks newly identified structure <1km from pit • First ever drill holes at Kobada West delineated continuous, near surface oxide For personal use only gold mineralisation with consistent grades and thicknesses section-to-section Kobada North • Koba
Slide 23: Target – Kobada North
Target 3 & 4 – Kobada North 1 & 2 Untested section of mineralized structure • Kobada North 1 and 2 targets lie directly on the Kobada Shear and cover 2.3km of strike north from the Kobada Main deposit For personal use only • Limited drill testing at Kobada North 1 • No previous drill testing at Koba
Slide 24: Target – Gosso
Target 1 – Gosso Underexplored and highly prospective • Parallel shear to Kobada Shear Zone with many similar characteristics • First drilled with RC in 2011, but no follow up until 2020; Intersections included: For personal use only • 36m at 1.64 g/t from 72m (KBRC11_140) • 3.1m at 4.25 g/t from 34
Slide 25: Target – Kobada East
Target 2 – Kobada East Significant auger anomaly now confirmed by maiden RC drilling • Kobada East discovery made in 2022 by auger sampling has been confirmed by maiden RC drilling program For personal use only • Drilling has identified shallow, oxide mineralisation below the auger anomaly over a st
Slide 26: Kobada a Central Part of a Much Larger System
Kobada a Central Part of a Much Larger System Current exploration hotspot in southern Mali • Kobada project overlies significant regional scale structures at the eastern For personal use only margin of the Siguiri Basin • These gold-bearing structures parallel those bounding the Yanfolila Belt, whic
Slide 27: Sustainable Development and Engagement
Sustainable Development and Engagement Maintaining a strong social license to operate fundamental to Toubani Health & Safety For personal use only • Toubani aims to operate a safe and healthy workplace that is injury free and enhances the well-being of employees • In the surrounding communities, Tou
Slide 28: Toubani Should Trade Higher Along the Curve
Toubani Should Trade Higher Along the Curve Undervalued relative to peers despite Kobada entering another tier of profile EV/Resource trading comparables (US$/oz) and total resource (Moz)1,2,3,4,5 For personal use only 45 42 5.0 EV/ Resource (US$/oz) Large Oxide Resource, 40 Total Resource (Moz) 4.5
Slide 29: African Gold Development Peers
African Gold Development Peers Limited pipeline of single asset developers with advanced projects Kobada’s DFS Update to assess potential to achieve high oxide- dominant production and lower costs, at a moderate initial capital cost For personal use only Company OreCorp1 Chesser1 Osino Newcore Predi
Slide 30: Clearly Defined Strategy to Advance Kobada
Clearly Defined Strategy to Advance Kobada Key deliverables that derisk Kobada towards shovel-ready status For personal use only Leveraging ~A$110m invested in exploration and studies to minimise dilution ahead of a Final Investment Decision GOLD 2024 - Deliverables DEVELOPER • Resource definition R
Slide 31: Toubani's Value Proposition
Toubani’s Value Proposition Experienced team in place to deliver a compelling gold development project For personal use only Significant Valuation Re-Rate US$11/oz Toubani EV/Resource multiple today Define Deliver Develop US$16/oz • Successfully completed • Deliver the technical and • Simple, low te
Slide 32: Additional Information
For personal use only ASX: TRE Additional Information 32
Slide 33: Kobada Gold Project Mineral Resource Estimate 2024
Kobada Gold Project Mineral Resource Estimate 2024 For personal use only Material Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Laterite 2 0.80 0.04 0.3 0.59 0.01 2 0.77 0.05 Oxide Saprolite 38 0.88 1.08 2 0.78
Slide 34: Mali is a Mining Powerhouse
Mali is a Mining Powerhouse Mining industry moving forward once again • Mali’s mining industry is dominant in the country and its institutions are mature and well established For personal use only West African State Participation Thresholds • Actions in country set to demonstrate a reopening of the
Slide 35: Selected Peer Group
Selected Peer Group Disclaimer Breakdown of Resources & Reserves1,2 For personal use only WIA Newcore Roscan Desert Toubani Cora* Mako Asara** Total Resource Moz 2.1 1.7 1.2 1.1 2.2 0.9 0.9 0.9 Total Resource Grade g/t 1.0 0.6 1.2 1.2 0.9 1.2 1.2 1.0 Measured Resource Moz - - - 0.1 - - - - Grade g/t
Slide 36: Reference Data
Reference Data Company Item Document NI 43-101 Technical Report Published 30 June 2022 (Effective 31 March 2022) - Technical Report on the Roscan Resource Kandiole Project, Mali NI 43-101 Technical Report Published 13 July 2023 (Effective 12 June 2023) - Definitive Feasibility Study of the Osino Res
Slide 37: Competent Person
Competent Person Disclaimer The information in this announcement that relates to exploration results is extracted from the Company’s ASX announcements dated 31 May 2023, 17 May 2023, 26 April 2023, 11 April 2023, 8 March 2023, 31 May 2023, 19 July 2023, 25 For personal use only March 2024, 11 April
Slide 38: For personal use only
For personal use only Phil Russo Managing Director info@toubaniresources.com Peter Taylor Investor & Media Relations peter@nwrcommunications.com.au ASX:TRE 38
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