Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Investor Presentation (November 2019)
27 slides from Theta Gold Mines's investor presentation, Nov 11, 2019
Slide 1: Theta Gold Mines Limited Investor Presentation
THETA GOLD MINES LIMITED Investor Presentation 6 Moz Resource (4.18 g/t AU) – Low Capex Open Pit Operation (Initial startup pits ~200Koz gold production over 5 years) For personal use only November 2019 ASX: TGM, TGMO OTCQB: TGMGF
Slide 2: Disclaimer
Disclaimer Forward looking and cautionary statements Disclaimer and Competent Persons Statement For personal use only This announcement or presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could be considered forward looking statements. Forward lo
Slide 3: Company Snapshot
Company Overview Company Snapshot Theta boasts a 6.0Moz Au resource – 44.78Mt at 4.18g/t (1.3M oz open-cut and ▪ For personal use only 4.5M oz underground). ~436.7m Ordinary Shares (ASX listed). Dual-listed on OTCQB: TGMGF since 7 Nov 19’. 31.4m Focused on the development of projects in the Sabie &
Slide 4: Month Recap
24 Month Recap ✓ Nov 2017 – Jan 2018 - Early drilling confirming high grade gold reefs at Theta For personal use only FY 2018 Hill and Columbia Hill, boosting confidence to exploration targets. ✓ Jan 2018 – Average metallurgical recoveries of 95.7% and 94.7% for Beta and Lower Theta Reefs respective
Slide 5: Mining Rights and Resources
Mining Rights and Resources Group JORC Resources of 6Moz Au (44.8Mt @ 4.18g/t Au): Northern For personal use only tenements ▪ 1.3Moz open cut resources (13.08Mt @ 3.12g/t Au). 620 km2 ▪ 4.5Moz underground resources (26.3Mt @ 5.4g/t Au). tenements ▪ Initial Ore Reserves for Theta Project (part of MR8
Slide 6: Starter Pits Production Summary
Starter Pits Production Summary – @US$1257 gold price Production summary over 57 months For personal use only Ore mined and head grade 2.5Mt @ 2.71g/t Au Total material moved (effective strip ratio) 36.2Mt (13.4x) Total ounces recovered 200,905 oz LOM gold recovery assumption 91.6% Processing 500Ktp
Slide 7: Planned Expansion Initiatives Over the Near Term
For personal use only Planned Expansion Initiatives Over the Near Term Q1- Q2 2020: Mine & Plant EPC/LSTK Contractor Selection, Project Finance, Detailed Plant, Mine & Infra. Designs, DMER Approval for MR83. Q2 - Q4 2020: Mine, Plant & Infrastructure Construction. Q4 2020: Commencement of Mining Ope
Slide 8: Theta Production Profiling
Theta Production Profiling >50kozpa >100kozpa >150kozpa For personal use only Q4 FY2020: Commencement of Mining Operations. Theta Project Theta Vaalhoek open- Additional OC starter pits + Expanded, cut and Other OC + Resource from Columbia Hill South Theta + Rietfontein/Bet high grade UG rest of ope
Slide 9: Growth Catalysts
For personal use only Growth Catalysts Re-rating milestones: Explorer → Developer → Producer Mining Reserve growth: 1.3 Mt Inferred Open Pit Resource ready for conversion. Exploration upside: 620 km2 of virgin goldfield ready for its first geophysical survey. Very low gold discovery costs: Very chea
Slide 10: Key Investment Highlights
For personal use only Key Investment Highlights ▪ Favourable Geology and Mineralisation ▪ Low All-in-sustaining-cost (AISC) ▪ Low Capital Requirements ▪ Highly Competent Board of Directors ▪ Near Term Expansion Opportunity 10 Investor Presentation - November 2019 ASX: TGM, TGMO | OTCQB: TGMGF
Slide 11: Favourable Geology and Mineralisation
Favourable Geology and Mineralisation 2 For personal use only ✓ Favorable geological traits = lesser mining activities and shorter lead times = smaller upfront costs. High grade oxide 1 ores which are easier Flat laying to mine, mill and ✓ The near surface flat reefs allow for low-cost modified hori
Slide 12: Low Capital Requirements
Low Capital Requirements Total Capital Costs estimated for the Theta starter Tailing Storage Facility Capital Cost Estimates(5) project is ~US$34m(1) (~480mRand). Item Total Costs(1) For personal use only ZARm USDm ▪ Independent consultant estimates; TSF Vasin 13.7 1.0 ▪ Minxcon (Pty) Ltd (“Minxcon”
Slide 13: Low AISC
Low AISC South African Gold Operators - AISC Theta Starter pits – AISC (Feasibility study): (US$/Oz) 2,065 ✓ LOM AISC of US$764/oz (lower in first two years). For personal use only 1,903 ✓ Minimal drill/blast allowed. ✓ Simple crush/grind and standard CIL processing with high recovery (>91%). ✓ Oper
Slide 14: Highly Competent Board of Directors
Highly Competent Board of Directors Bill Guy - Chairman ▪ Ex-Jupiter Mines Ltd (ASX: JMS) Chief Exploration Manager, For personal use only ▪ >25yrs exploration & resource development experience. ▪ >17 years listed mining executive. Rob Thomson - Managing Director ▪ 35+ years Mining Engineer, ▪ Devel
Slide 15: Project Company Board of Directors
Project Company Board of Directors Transvaal Gold Mining Estates Ltd (TGME) For personal use only Bill Guy Chairman Chairman - Theta Board (Ex-Jupiter Mines) Rob Thomson George Jenkins Terrence Mokale Hanlie Grobler Natasha Thomas- Managing Director CEO Director Director Kasangana Project Delivery P
Slide 16: Near Term Expansion Opportunity - Reserves
Near Term Expansion Opportunity - Reserves ✓ Low Indicated Resources discovery cost of US$12/oz. ✓ Only 16% of Theta’s open cut resource are included in For personal use only its feasibility mine plan to date – i.e. 57% of Theta’s current open cut indicated resource. MR83 – Current Theta starter ✓ O
Slide 17: Near Term Expansion Opportunity – Exploration Targets
Near Term Expansion Opportunity – Exploration Targets Under Explored – No modern geophysical surveys For personal use only ▪ TGME Goldfield - metallogenic province extends for approximately 140 km in a north-north-easterly direction, over a width of 30 km. Geophysical Survey Phase 1 ▪ Gold System -E
Slide 18: Why South Africa?
For personal use only Why South Africa? ▪ Control Over Entire Goldfield ▪ Favourable Mining Jurisdiction ▪ Mature And Developed Gold Market 18 Investor Presentation - November 2019 ASX: TGM, TGMO | OTCQB: TGMGF
Slide 19: Control Over Entire Goldfield
Control Over Entire Goldfield Sabie-Pilgrim’s Rest Goldfields (“TGME Goldfield”) For personal use only ▪ Situated just outside of the Bushveld Complex TGME Goldfield – the world’s largest igneous intrusion. ▪ Predominantly owned by TGM subsidiary; TGME, near surface - flat reef systems, 620sqkm land
Slide 20: Favourable Mining Jurisdiction
Favourable Mining Jurisdiction ✓ South Africa has produced more gold than any other Fraser Institute Ratings 2018 country with over two billion ounces produced from its (Investment Attractiveness Index) For personal use only goldfields (> 50% of world’s gold production). ✓ Abundant supply of skills
Slide 21: Mature And Developed Gold Market
For personal use only Mature And Developed Gold Market IMPORT/ EXPORT RSA RESERVE BANK UNFINISHED GOLD/ PREMITS PRECIOUS (REGULATES GOLD DORE BAR METALS PRICES, TRADING REGULATOR; RSA AND TAXATION) Largest refinery in Africa. MINING OPERATIONS Registered under the London Bullion Market Association w
Slide 22: Appendices
For personal use only Appendices ▪ Corporate Structure ▪ JORC Resource Summary 22 Investor Presentation - November 2019 ASX: TGM, TGMO | OTCQB: TGMGF
Slide 23: Corporate Structure
Corporate Structure The Black Economic Empowerment (“BEE”) shareholding in general comprise of: ▪ Employees Trust (Employee/labour Incentives), ▪ Landholders, For personal use only ▪ Local entrepreneurs The BEE shareholding is not a free-carry interest, it is a contributing equity interest (BEE stru
Slide 24: Resources Tables: Combined Mineral Resources
Resources Tables Combined Mineral Resources as at 16 May 2019 Gold Notes: Mineral Resource Tonnage Gold Content For personal use only Type of Operation Grade Classification • Columns may not add up due to Mt g/t Kg koz rounding. Measured Underground 0.091 5.37 489 15.7 • Gold price used for the cut-
Slide 25: Resources Tables: Total Theta Project Mineral Resources
Resources Tables Total Theta Project - Mineral Resources, 16 May 2019 Notes: Reef Reef Mineral Resource Reef Width Content Au Content Open Pit Mine Reef Grade Tonnes • For personal use only Classification Theta Project (Theta Hill, g/t cm cmgt Mt Kg koz Browns Hill and Iota) cut-off is Theta & Brown
Slide 26: Resources Tables: Theta Project Ore Reserves
Resources Tables Theta Project Ore Reserves for MR83 only, 16 May 2019 (The Ore Reserves exclude Inferred Mineral Resources). Notes: For personal use only Mineral Resource Grade Reef Tonnes Au Content Pit • Totals in the Ore Reserve may Category in LoM Plan g/t kt kg oz not add-up due to rounding. P
Slide 27: Thank You
For personal use only THANK YOU Bill Guy – CHAIRMAN info@thetagoldmines.com Michael Porter - US Investor Relations Henry Jordan – Australia Investor Relations theta@plrinvest.com (Porter, LeVay & Rose Inc.) +61 (0) 431 271 538 (Six Degrees Investor Relations) www.thetagoldmines.com 27 Investor Prese
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