Titan Mining Corp. · TSX:TI
Titan Mining — Investor Presentation (February 2024)
28 slides from Titan Mining's investor presentation, Feb 22, 2024
Slide 1: Built for Growth
TSX: TI A PROVEN TEAM DRIVEN BY VALUE BUILT AND COMMITTED TO EXCELLENCE FOR February 2024 GROWTH
Slide 2: Cautionary Notes
CAUTIONARY NOTES Forward-Looking Information: This presentation contains "forward-looking information" within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is exp
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Best-in-Class Leadership Zinc Play with Attractive Valuation and Graphite Potential Optimizing Cash Flow Upside Potential Demonstrated track record in Exposure to Increasing Zinc Prices Continual Production Growth Prudent Capital Allocation exploration and development - Located
Slide 4: Excellent Track Record
| EXCELLENT TRACK RECORD CURRENT AUGUSTA COMPANY RETURNS PAST AUGUSTA COMPANY RETURNS TSX: SLS TSX: TI TSX: G 12,960% 3,300% 6,100% 1,000% OTCQB: SLSSF OTCQB: AUGG return return return return $690M $36M $56M SOLD for $1.6B SOLD for $667M SOLD for $2.1B $1.6B Market Cap Market Cap Market Cap Market C
Slide 5: Strong Board | Best-in-Class Leadership
STRONG BOARD | Best-in-Class Leadership Richard Warke | Executive Chairman Consistent record of creating shareholder value at Augusta Group Donald Taylor | CEO 25+ years of mineral exploration experience Winner of 2018 Thayer Lindsley Award for Taylor discovery Proven success Speaker John Boehner in
Slide 6: Capital Structure
CAPITAL STRUCTURE ➢ Built for growth MISSION: ➢ Optimizing cash flow To deliver extraordinary ➢ Trading at a discount to most small - shareholder value through intermediate producers exploration, development and operational excellence ➢ Closely held by management ➢ Commitment to integrity and trust,
Slide 7: Zinc Producer with Graphite Potential
ZINC PRODUCER WITH GRAPHITE POTENTIAL >80,000 acres of mineral rights controlled throughout district ➢ Location and Infrastructure • Successful, free cashflow-positive zinc producer in upstate NY • Large land package (>80,000 acres) in 100 year old mining district • Safety record below national aver
Slide 8: 2023 Exceeding Guidance
2023 EXCEEDING GUIDANCE ➢ Safest year of operations on record since re- 2024 ESM Production and Cost Guidance opening 2024 ➢ Injury frequency rate of 0.7; 70% lower than Payable Production Zinc 56-60 million lbs national average C1 Cash Cost1 0.98 – 1.02 per lb ➢ Exceeded 2023 guidance of 54-58 M po
Slide 9: Improving Performance and Trajectory
IMPROVING PERFORMANCE AND TRAJECTORY in ro u on in ustainin ost er a a e in s Tons i e ro u on in e o ere ro u on a a e ro u on Tons i e ite era n ost site ost ustainin a ita era e in ri e | 9
Slide 10: Near-Mine and District Exploration
NEAR-MINE AND DISTRICT EXPLORATION ➢ Production supported by current mineral resources with potential for near-mine resource additions • Current source is ESM #4 mine – multiple zones in production; Mahler, New Fold, #2D, and Mud Pond • Drilling continues to expand and discover additional mineraliza
Slide 11: Excellence in Exploration
EXCELLENCE IN EXPLORATION MAHLER UNDERGROUND DRILLING ➢ Utilizing Company-owned and operated underground MUD POND drills (drilling cost <$20/ft) NEW FOLD ESM #4 Mine ➢ Delineation of additional mineralization in Mahler, Mud Pond and New Fold ➢ Data used to refine current mine plan in preparation for
Slide 12: Zinc - Mineral Resource
ZINC - MINERAL RESOURCE Underground as of October 1, 2020 Consistent Resource Expansion Tons Contained Zn ➢ Success in replacing mined ore - Titan has Category (000’s US short Pounds (%) been successful historically in replacing tons) (M Lbs) mined ore each year at similar grades Measured 190 13.56
Slide 13: Potential Near-Term Incremental Mill Feed
POTENTIAL NEAR-TERM INCREMENTAL MILL FEED CONTINUING TURNPIKE A PROUD LEGACY MINE PROJECT #4 Shaft and Facilities ➢ Fully Permitted ➢ Shallow zones of near-mine remnant mineralization discovered in Nov 2019 ➢ Potential to add low- cost production ➢ Achieves Titan's strategy of providing feed to ESM
Slide 14: Regional Exploration – Planning
REGIONAL EXPLORATION – PLANNING ➢ 2024 regional drill targets ➢ Pork Creek/Pleasant Valley ➢ Moss Ridge ➢ Bend ➢ Bostwick ➢ Greenwood ➢ Hanna ➢ Beaver Creek ➢ Phase 2 of surface sampling ➢ Target of 2,500 Regional Exploration samples from regional targets (blue markers ESM Operations on map) - ESM S
Slide 15: Kilbourne Graphite Target – Significant Discovery
KILBOURNE GRAPHITE TARGET – SIGNIFICANT DISCOVERY ➢ The Kilbourne Target Kilbourne Host Lithology outcrops on ESM property ➢ Drilling indicates the thickness of mineralized intercepts ranges from 60 ft to 180 ft (18 m – 55 m) ➢ 8,252 ft (2,515 m) of strike ESM Shaft/Mill length within active mine ar
Slide 16: Kilbourne Graphite – Exploration Update
KILBOURNE GRAPHITE – EXPLORATION UPDATE ➢ Trenching Completed December 2023 ➢ 99 Chanel Samples Taken ➢ Assays pending ➢ Drilling commenced in December 2023 ➢ 10 holes completed ➢ Assays pending ➢ Preliminary metallurgical testing has produced concentrate purity >95% (a benchmark for battery end use
Slide 17: Kilbourne Graphite - Highlights
KILBOURNE GRAPHITE - HIGHLIGHTS ➢ Historic drilling with graphite mineralization Simplified Cross Section Looking East SX21-2589 ➢ Fifty-three historic holes with Cg intercepts Collar to 48 ft Unit 2 Outcrops at surface SX21 - 2589 48 ft at 3.3% Cg ➢ Six of these holes have been assayed ➢ Awaiting a
Slide 18: Graphite – Growing in Demand
GRAPHITE – GROWING IN DEMAND ➢ Each Electric Vehicle contains 50-100 Kg of graphite on average, with EV sales expected to triple by 2030 to 35 Million ➢ Lithium-ion battery expected to grow at a CAGR of 20% and 16% through 2030 and 2035 respectively ➢ China, which controls global graphite production
Slide 19: Battery Capacity Installations in North America and Europe
BATTERY CAPACITY INSTALLATIONS IN NORTH AMERICA AND EUROPE ➢ ESM is located within close proximity ➢ As of 2021 roughly 1,265 GWh of ➢ Graphite mineralization at ESM is to planned secondary processing battery capacity being built in North within ESM’s permit, providing a facilities and North America
Slide 20: ESM Would Be the Only US Graphite Producer
ESM WOULD BE THE ONLY US GRAPHITE PRODUCER ➢ US Government has defined graphite as a critical to the nation’s security and prosperity and invoked the Defense Production Act ➢ Currently NO domestic sources for natural flake graphite in the United States, while China produces in excess of 90% of the w
Slide 21: Appendix
APPENDIX 2, TITAN
Slide 22: Resource Expansion Potential at #4 and #2D
RESOURCE EXPANSION POTENTIAL AT #4 AND #2D ➢ #4 mine – mineralized zones generally plunge to northeast; potential to extend zones up and down-plunge ➢ Underground exploration drilling following up on intercepted mineralization between Mahler and New Fold. ➢ #2D zone – More than 2,000ft of strike len
Slide 23: About Graphite – Anode Material in Lithium-Ion Batteries
ABOUT GRAPHITE – ANODE MATERIAL IN LITHIUM-ION BATTERIES ➢ Graphite is the largest component in a lithium-ion battery by Battery Materials by Weight weight. ➢ Spherical Coated Graphite (CSPG) demand in North America Lithium expected to grow to 200,000 tonnes per annum by 2030 and 8.0% to over 400,00
Slide 24: Graphite - Consumption Forecast and Market Segments
GRAPHITE - CONSUMPTION FORECAST AND MARKET SEGMENTS Graphite Consumption Forecast (2020 – 2030) All Battery Market Segments Global Battery Forecast by Battery Type Source: Roskill 2019 – Natural & Synthetic Graphite: Outlook to 2030
Slide 25: Our Approach to Sustainability
OUR APPROACH TO SUSTAINABILITY GUIDING ➢ Our employees are governed by a commitment to integrity, trust, community involvement as well as environment and social stewardship APPROACH ➢ Our projects are developed with the goal of delivering long-term mutual economic benefits for employees, communities
Slide 26: History of Exploration Success | Potential for Additional Discoveries
HISTORY OF EXPLORATION SUCCESS | Potential for Additional Discoveries Many discoveries made during a century of mining operations ➢ Minimal exploration during 2000-2010 period ➢ District remains highly prospective – refocus on exploration concurrent with production | 26
Slide 27: Cautionary Notes
CAUTIONARY NOTES Scientific and Technical Inform ation The scientific and technical information contained in this presentation relating to ESM’s zinc operations was based upon the technical report titled “Empire State Mines 2021 NI 43-101 Technical Report (Amended)”, prepared by qualified persons, D
Slide 28: TSX: TI
TSX: TI Email: info@titanminingcorp.com Phone: 604-687-1717 www.titanminingcorp.com OTCQB: TIMCF