Toubani Resources Limited Registered Shs · ASX:TRE
Toubani Resources Limited Registered Shs — Toubani Resources — Investor Presentation (February 2023)
31 slides from Toubani Resources Limited Registered Shs's investor presentation, Feb 6, 2023
Slide 1: Grow – Optimise – Develop
For personal use only Grow – Optimise – Develop February 2023 | ASX: TRE | TSX-V: TRE
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation is for information purposes in connection with Toubani Resources Inc.’s known as “TRE” or the “Company”(s) preliminary business plan only. While the information contained herein has been prepared in good faith, neither the Company nor any of its sha
Slide 3: Disclaimer – Competent Person
Disclaimer For personal use only COMPETENT PERSON The information in this announcement that relates to exploration results, geology and mineral resources is extracted from the Company's prospectus dated 12 September 2022 and released on ASX on 25 November 2022 (Prospectus) which is available on the
Slide 4: Why Toubani?
Why Toubani? Kobada gold project is a strategic development asset in a prolific West African gold district For personal use only • Kobada deposit is a large, oxide open pit deposit with 3.1Moz defined across a continuous 4.5km Strategic Development Asset • Remains open at depth and along strike • Ox
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Shareholder Structure Basic Shares Fully Institutional Australian based Cash Investors Investors Outstanding Diluted 102.2 M 123.9 M A$5.4 M 25.8 % 35.9 % Warrants Options Market Capitalization Strike Price: A$0.42 – Management North America
Slide 6: Experienced Leadership
Experienced Leadership For personal use only Phil Russo | Chief Executive Officer & Executive Director Bill Oliver | Exploration & Resource Development Mr. Russo is an experienced mining and finance professional with more than 18 years experience Mr. Oliver is a geologist with over 20 years of exper
Slide 7: Pathway Forward: Grow – Optimise – Develop
Pathway Forward: Grow – Optimise – Develop Focused on closing the valuation gap to peers For personal use only NEAR TERM MEDIUM TERM (Growth Phase) (Optimisation & Development Phase) US$5/oz US$32/oz Developer Re-Rate TOUBANI’S EV/OZ TRADING PEER AVG EV/OZ TRADING RARE DEVELOPMENT ASSET IN MULTIPLE
Slide 8: Mali – A Long History of a Favourable Mining Environment
Mali – A Long History of a Favourable Mining Environment Africa’s 4th largest gold producer with regional activity increasing For personal use only JURISDICTION • Stable and mining friendly jurisdiction • Transparent system of mineral and surface title • Political and social support of mining with s
Slide 9: Kobada Gold Project
Kobada Gold Project Significant prize defined with several opportunities to enhance For personal use only KOBADA MAIN 1.2Moz ORE2 MRE defined within Kobada DEPOSIT 3.1Moz MRE1 at 0.87 g/t Main deposit only Several shear structures identified at 0.94 g/t - Oxides form 75% of total ORE across the tenu
Slide 10: Kobada Main Deposit
Kobada Main Deposit Large, continuous 4.5km open pit with over 146,000m drilled to date For personal use only B • Kobada Main deposit is a large, continuous 4.5km long open pit hosting global Mineral Resources of 3.1Moz • Over 146,000m have been drilled to an average depth of ~110m • Kobada remains
Slide 11: Kobada Main Deposit – Mineralisation over 5.0km Strike
Kobada Main Deposit Mineralisation defined over strike length of 5.0km For personal use only D E • Long section showing drilling, depth of oxidation, >0.3 g/t and >1.0 g/t grade shells • Mineral Resources (>0.3 g/t) defined over 5.0km of strike with close spaced drilling in oxide blanket • Free dig,
Slide 12: Kobada Main Deposit – Mineralisation 250m Down Dip
Kobada Main Deposit Mineralisation defined over 250m down dip For personal use only • Mineralisation defined to 250m below surface and remains open at depth • Broad, continuous mineralisation >0.3 g/t well defined by drilling • Continuity of >1.0 g/t mineralisation also apparent, potential to deline
Slide 13: New Discoveries in an Established Gold District
New Discoveries in an Established Gold District For personal use only Walk-up targets to test extent of near-surface oxide mineralisation • Kobada is a large gold system in a prolific gold district with numerous near-surface targets • Over 153,000m of drilling focused primarily on the Kobada Main sh
Slide 14: Target – Gosso
Target 1 – Gosso Underexplored and highly prospective For personal use only • Parallel shear to Kobada Shear Zone with many similar characteristics • First drilled with RC in 2011, but no follow up until 2020 • Intersections include: • 36m at 1.64 g/t from 72m (KBRC11_140) • 3.1m at 4.25 g/t from 34
Slide 15: Target – Kobada Est
Target 2 – Kobada Est Significant auger anomaly untested by drilling For personal use only • Located on Kobada East Shear, another parallel structure to the Kobada and Gosso Shear • Artisanal workings present along structure • No previous drill testing, only shallow auger testing • 2023 drilling tar
Slide 16: Target – Kobada North and Kobada West
Target 3 & 4 – Kobada North and Kobada West Untested section of mineralized structure right next door For personal use only • Kobada North 1 and 2 targets lie directly on the Kobada Shear and cover 2.3km of strike north from the Kobada Main deposit • Limited drill testing at Kobada North 1 Kobada No
Slide 17: Kobada South – Resource Extension Target
Kobada South – Resource Extension Target Infilling gaps in drilling to the south of the Kobada deposit For personal use only • Drilling aims to infill and extend resource at southern extremity of Kobada Main deposit • 450m gap in drilling • Mineralisation confirmed by drilling at southern end • Geoc
Slide 18: Kobada a Central Part of a Much Larger System
Kobada a Central Part of a Much Larger System Current exploration hotspot in southern Mali For personal use only • Kobada project overlies significant regional scale structures at the eastern margin of the Siguiri Basin • These gold-bearing structures parallel those bounding the Yanfolila Belt, whic
Slide 19: 2021 DFS – Low Technical Risk Base Case to Underpin Value
2021 DFS – Low Technical Risk Base Case to Underpin Value Permitted project to process an initial oxide ore phase with sulphide processing in later years For personal use only Low technical risk, long-life open pit project DFS PARTICULARS • Proven & Probable Ore Reserves of 1.2Moz LOM Tonnage Proces
Slide 20: DFS Production Schedule
DFS Production Schedule First 10 years mill feed grade averages 1.1 g/t from primarily oxide sources For personal use only 120,000 1.40 Feed grade ~1.1 g/t 1.20 100,000 Process plant exclusively fed from stockpiles in Years 11-16 1.00 Annual Production (oz) 80,000 Stockpile Processing 0.80 g/t 60,00
Slide 21: Multiple Levers to Optimise the 2021 DFS
Multiple Levers to Optimise the 2021 DFS For personal use only Optionality exists to positively enhance Kobada through a targeted focus on oxide resource growth, optimising grade and deferring capital • Current life-of-mine plan contemplates oxide ore feed for the first 8 years followed by a combina
Slide 22: Track Record of Successful Oxide Mining in West Africa
Track Record of Successful Oxide Mining in West Africa Several mines in the region commenced with a simple, low technical risk oxide operation For personal use only Toubani – Kobada – Mali Deep weathering profile offers a simple, large open pit mining operation • Softer oxide material begins from su
Slide 23: Committed to Sustainable Development
Committed to Sustainable Development Bridge repair into For personal use only Kobada village At Toubani Resources, we are committed to creating value for our shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of our employees and o
Slide 24: Peer Benchmarking a Telling Investment Opportunity
Peer Benchmarking a Telling Investment Opportunity Clearly undervalued relative to peers despite advanced development asset For personal use only EV/Resource trading comparables (US$/oz) and total resource (Moz)1,2,3,4 80.0 8.0 70.0 66 7.0 65 59 60.0 6.0 EV/Resources (US$/oz) Total Resource (m oz) 5
Slide 25: West Africa an Active Region for Corporate Activity & Project Development
West Africa an Active Region for Corporate Activity & Project Development For personal use only Simple, advanced assets to grow in attractiveness Selected peer comparables1,2,3 Selected West African transaction comparables since 20204 Corporate actions validate large value potential for West African
Slide 26: Toubani's Investment Case
Toubani’s Investment Case Experienced team in place to drive Kobada towards unlocking value for all stakeholders For personal use only Significant Valuation Re-Rate Grow Optimise Develop US$5/oz Toubani EV/Resource multiple today • Targeting new oxide discoveries • Target increased oxide • Simple, l
Slide 27: For personal use only
For personal use only ASX: TRE | TSX-V: TRE
Slide 28: Kobada Project Mineral Resource Estimate 2021
Kobada Project Mineral Resource Estimate 2021 For personal use only Tonnes Au Au Mineral Resource Classification Mt g/t Koz Measured 21.40 0.83 572 Indicated 40.15 0.88 1,139 Measured and Indicated Total 61.54 0.86 1,711 Inferred Total 42.03 1.06 1,433 Notes: 1. A Mineral Resource cut-off grade of 0
Slide 29: Kobada Project Mineral Reserve Estimate 2021
Kobada Project Mineral Reserve Estimate 2021 For personal use only Category Material Ore (kt) Grade (g/t) In Situ Ounces (Koz) Laterite 336 0.77 8.4 Saprolite 12,279 0.84 326.9 Proven Transition 1,777 0.83 46.8 Sulphide 5,870 0.74 139.6 Subtotal 20,263 0.81 521.7 Laterite 1,296 0.88 36.7 Saprolite 1
Slide 30: Reference Data
Reference Data For personal use only Company Company Material Reference Tietto Minerals Press Release as of October 5, 2021 Orezone Gold NI 43-101, effective date: June 26, 2019 Predictive Discovery Press Release as of August 1, 2022 Roscan Gold NI 43-101, effective date: March 31, 2022 Chesser Reso
Slide 31: For personal use only
For personal use only ASX: TRE | TSX-V: TRE
Toubani Resources — Investor Presentation (February 2023) on 6ix