Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Investor Presentation (January 2024)
29 slides from Tolu Minerals's investor presentation, Jan 10, 2024
Slide 1: Corporate Presentation
ASX:TOK ARBN 657 300 359 1-125888 CORPORATE PRESENTATION 10 January 2024 This document is not a prospectus and does not contain all of the information that an investor may require in order to make an informed investment. All geological data presented in this document, including, but not limited to,
Slide 2: OTC listing underway
ASX:TOK ➢ OTC listing underway, which: ➢ Broadens market exposure ➢ Increases US participation ➢ Broadens shareholder base ➢ Increases company awareness and project progress In pursuit of a new Tier 1 gold mine 2
Slide 3: Overview
Overview Three highly attractive projects targeting world class gold/silver and copper resources ➢ Historical high-grade gold/silver production from substantial resources ➢ Significant exploration targets with potential for major discoveries on the Tolukuma structure, including Tolukuma mine and imm
Slide 4: Near Tolukuma Mine Gold Prospects
Near Tolukuma Mine Gold Prospects Based on the MRE tonnes and grades, extension of the Tolukuma vein system 2km to the SSE, grades of the Miliahamba prospect drilling, grades from drilling at Taula, Sisimonda and Kimono, grades and tonnage of the Saki Inferred Resource and trench sampling grades fro
Slide 5: Tolukuma Mineral Resource Estimate
Tolukuma Mineral Resource Estimate AMC reported an Inferred Mineral Resource as of 18 August 2022:1 ➢ 1.6 M tonnes @ 10 g/t Au and 38 g/t Ag ➢ Contained metal 503 Koz Au and 1.9 Moz Ag ➢ Cut – off grade 3 g/t Domain Tonnes (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) Zine 488,000 9 43 146,000 673,000 Zine
Slide 6: Tolukuma Project – Resource conversion
Tolukuma Project – Resource conversion Three main areas above the current water level have been identified as being most appropriate for the initial resource upgrade: ➢ Tinabar Top, +1563m RL: 16.87 g/t @ 5g/t cut off ➢ Zine Top, +1563m RL: 13.16 g/t @ 5g/t cut off ➢ Gulbadi: 12.04 g/t @ 5 g/t cut o
Slide 7: Tolukuma Project – on mine potential, Fundoot
Tolukuma Project – on mine potential, Fundoot ➢ Tolu MRE includes 91 koz Au at 13 g/t Au on the previously unmined Fundoot Structure ➢ The Fundoot structure is currently identified as over 250m on strike and 380m in depth, but open ended both on strike and depth. ➢ 45 diamond drill holes have been c
Slide 8: Geophysics Confirmation of Vein Extensions
Geophysics Confirmation of Vein Extensions ➢ 3DIP Geophysics confirms >3km extension to historically mined vein systems within ML104 and EL2531. ➢ Significant drill-ready exploration targets. ➢ High grade drilling results on Miliahamba, Kunda, Taula and Sisimonda structures. ➢ Kimono structure subpa
Slide 9: Tolukuma – Southeastern Miliahamba/Kunda Targets
Tolukuma – Southeastern Miliahamba/KundaTargets ➢ Miliahamba Vein intersects the Tolukuma structure 3 km Southeast of the mine. ➢ Miliahamba structure adjacent to diorite intrusive, a target for porphyry-style mineralisation. ➢ The Miliahamba vein is 2.0m wide and is typical of low sulphidation epit
Slide 10: Tolukuma Structure – Saki Maiden Resource
Tolukuma Structure – Saki Maiden Resource On 28 February 2022 Lanthanein Resources Ltd (formerly Frontier Resources Ltd) released a maiden Inferred Mineral Resource on the Saki prospect of 2 M tonnes @ 2.0 g/t for 128,000 oz Au1 Saki forms part of the Saki-Yava gold system within a large mineralisat
Slide 11: Tolukuma Gold Mine – Access Road
Tolukuma Gold Mine – Access Road ➢ Complete the 70 km access road (23 km outstanding) connecting the mine to the Tapini road and Port Moresby; ➢ Strong community and government support ➢ Work commenced in December after the completion of the IPO; ➢ The contractor is an experienced and credible civil
Slide 12: Tolukuma Structure – Exploration Upside
Tolukuma Structure – Exploration Upside 7 exploration licenses on strike and parallel mineralised structures to Tolukuma gold mine Additional EL application underway and a number of further targets Building a material mineral resource pipeline around Tolukuma Potential for a major discovery on ident
Slide 13: Tolukuma Project – historical copper showings
Tolukuma Project – historical copper showings Tolu Minerals Ltd Copper – for the future 13
Slide 14: Mt Penck
Mt Penck Epithermal gold/silver project on the prolific Kulu-Simi trend, adjacent to the coast with good logistics ➢ +11,000 m drilling ➢ Aeromag and IP geophysical surveys ➢ Extensive trenching and pitting 3 priority targets identified within a broader 12km2 hydrothermal zone ➢ Main targets so far
Slide 15: Risks
Risks Introduction There are risks involved with investing in the Company. In addition to the general market and economic risks, some of these risks are specific to investing in the Company and holding Shares. The occurrence of these risks may have an impact on the business, results of operations, f
Slide 16: Risks
Risks • Exploration and evaluation risk The future value of Tolu will depend on its ability to find and develop additional resources that are economically recoverable within its licences. Mineral exploration and development is inherently highly speculative and involves a significant degree of risk.
Slide 17: Risks
Risks • Commercialisation, Infrastructure Access and Contractual risks Tolu’s potential future earnings, profitability, and growth are likely to be dependent upon the Company being able to successfully implement some or all of its commercialisation plans. The ability for Tolu to do so is further dep
Slide 18: Risks
Risks • Environmental risks The Company is engaged in exploration, development and mining activities with a range of environmental impacts and actively engages with government departments and other stakeholders to ensure open communication and accurate assessment of environmental approvals. All phas
Slide 19: Risks
Risks • Permit risks The rights to mineral permits carry with them various obligations which the holder is required to comply with in order to ensure the continued good standing of the permit and, specifically, obligations in regard to minimum expenditure levels and responsibilities in respect of th
Slide 20: Risks
Risks • Commodity Risk The Company’s possible future revenues may be derived mainly from gold and/or from royalties gained from potential joint ventures or other arrangements. Consequently, the Company’s potential future earnings will likely be closely related to the price of gold. Gold prices fluct
Slide 21: Risks
Risks • Exchange rate risk The revenues, earnings, assets and liabilities of the Company may be exposed adversely to exchange rate fluctuations. The Company’s revenue may be denominated in Australian Dollars or a foreign currency, such as PNG Kina or United States Dollars. As a result, fluctuations
Slide 22: Risks
Risks • Management actions The success of the Company is currently largely dependent on the performance of its directors and officers. Directors of the Company will, to the best of their knowledge, experience and ability (in conjunction with their management) endeavour to anticipate, identify and ma
Slide 23: Risks
Risks General Risks • Investment risk There are a number of risks associated with any stock market investment. The market price of Shares can be expected to rise and fall in accordance with general market conditions and factors and there can be no certainty that, following listing, an active market
Slide 24: Risks
Risks • Taxation The acquisition and disposal of Shares will have tax consequences, which will differ depending on the individual financial affairs of each investor. All potential investors in the Company are urged to obtain independent financial advice about the consequences of acquiring Shares fro
Slide 25: Disclaimer and Important Information
Disclaimer and Important Information Important notice These presentation slides (the “Slides”) have been issued by Tolu Minerals Limited (the “Company” or “Tolu”) in relation to an update on activities by the Company. These Slides do not comprise an admission document, listing particulars or a prosp
Slide 26: Disclaimer and Important Information
Disclaimer and Important Information Investment risks All investments in securities are subject to known and unknown risks, including an investment in Tolu shares. Some of these risks are beyond the control of Tolu and its directors and officers, and Tolu does not guarantee any particular rate of re
Slide 27: Disclaimer and Important Information
Disclaimer and Important Information Disclaimer To the maximum extent permitted by law, the Company each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents, consultants an
Slide 28: Disclaimer and Important Information
Disclaimer and Important Information Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves were last reported by the Company in compliance with the 2012 Edition of the JORC Australasian Code for Reporting of Explorati
Slide 29: Contacts
Contacts Richard Johnson +61 414 684 951 Technical Advisor johnsonr1@iinet.net.au Iain Macpherson +27 76 238 4461, + 61 428 912 245, +675 7202 7320 MD & CEO iain.macpherson@toluminerals.com Vern Wills +61 418 912 664 Advisor vern.wills@enhance.net.au 29