Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Shareholder Meeting (June 2025)
28 slides from Tolu Minerals's shareholder meeting presentation, Jun 19, 2025
Slide 1: Annual General Meeting Presentation announcement
Tolu Minerals Limited PNG CR Company Camp, Baruni Road, National Capital District, Papua New Guinea Company Registration No.: 1-125888 Unit 3, 180 Main Street, Kangaroo Point, QLD 4169, Australia ARBN: 657 300 359 www.toluminerals.com ASX:TOK, OTCQX:TOLUF ASX, OTCQX Announcement 19 June 2025 Annual
Slide 2: AGM 19 June 2025
For personal use only ASX:TOK, OTCQX:TOLUF ARBN 657 300 359 1-125888 AGM Iain Macpherson, Chris Muller 19 June 2025
Slide 3: 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 4: Disclaimer and Important Information: Competent Persons Statement
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 5: Vision
Vision For personal use only To define a substantial high-grade Mineral Resource based on significant near mine & regional potential and to become a large-scale gold/copper/silver producer on the back of Mineral Resource growth and the refurbishment of the historic Tolukuma mine and Define and devel
Slide 6: Mission
Mission For personal use only Tolu seeks to leverage the: ➢ historically proven exploration and Mineral Resource ➢ existing infrastructure ➢ previous exploration and exploration successes ➢ operating history to develop a major new gold/silver/copper Mineral Resource – including porphyry targets 5
Slide 7: Tolu Acceleration Strategy
Tolu Acceleration Strategy Shareholders will be well aware of Tolu’s recent successful capital raise netting $25m – May 2025 following on from our 2024 strategy of raising capital via accelerator rounds when suitable projects are identified. For personal use only ➢ Tolu will continue to evaluate and
Slide 8: Tolu Acceleration Strategy: Exploration
Tolu Acceleration Strategy Exploration For personal use only ➢ Significant strides since January ➢ 5 new DD rigs sourced and on order to facilitate major DD programs both on surface and underground – to complement Tolu’s existing rigs, 1 U/G and 1 surface ➢ Substantial field work underway including
Slide 9: Tolu Acceleration Strategy: Production
Tolu Acceleration Strategy Production ➢ The installation of the new mill, the requisite building of feed for the mill and a significantly enhanced access to a number of existing and newly identified veins, both at surface and underground, has presented a range of ore For personal use only types from
Slide 10: Tolu Acceleration Strategy: Transport and Tailings
Tolu Acceleration Strategy Transport For personal use only ➢ Engaged a top PNG logistics and transport provider ➢ Bespoke designs for vehicles to service the Tolu Road ➢ Modular to handle bulk fuel; mining equipment; and day-to-day supplies. Tailings Management ➢ Top international Tailing design eng
Slide 11: Tolu Holdings – c. 1,960km2 Exploration Upside
Tolu Holdings – c. 1,960km2 Exploration Upside For personal use only Project pipeline total: 1,964 km2 ➢ Tolukuma Structure ➢ Mt Penck ➢ Ipi River Multiple mineralisation styles including: ➢ High grade, low sulphidation Au/Ag ➢ High sulphide Au/Cu ➢ Porphyry Cu/Au 10
Slide 12: Mineral Exploration, Resource Growth & Conversion to Reserve Strategy
Mineral Exploration, Resource Growth & Conversion to Reserve Strategy Target generation driven data by: ➢ Historical drilling Exploration Program (Discovery & Target Definition) For personal use only ➢ Historical geochemical ➢ Budget: AUD $14.3 million ➢ Historical geophysics, magnetic, ➢ Schedule:
Slide 13: Mineral Exploration, Resource Growth & Conversion to Reserve Strategy (cont')
Mineral Exploration, Resource Growth & Conversion to Reserve Strategy (cont’) Resource Growth (Drilling & Data Acquisition) For personal use only ➢ Surface Drilling Focus Areas ➢ Kunda, Kimono, 120 and other obvious targets ➢ Underground Drilling Focus Areas ➢ Fundoot, Zine Vein, 120 Vein, etc… ➢ In
Slide 14: Exploration Strategy: Tolukuma Mineralisation Corridor
Exploration Strategy: Tolukuma Mineralisation Corridor Initial focus – multiple targets within the Tolukuma Mineralisation Corridor including (from North to South): For personal use only ➢ Mt Sen ➢ Tumbu ➢ Kimono ➢ Kimono ➢ Dudu ➢ Kimono ➢ Quinom ➢ Miliahamba-Kunda-Taula ➢ Taula ➢ Sisimonda
Slide 15: Exploration Plan – ML104
Exploration Plan – ML104 Surface and surrounds geochemistry over 20km2 For personal use only ➢ Surface Geochemistry ➢ Substantial ridge and spur (25m spacing), base of slope (25m spacing) and stream float sampling planned for entire ML104 and surrounds [i.e., the entire Tolukuma Consolidated Corrido
Slide 16: Exploration Plan - regional
Exploration Plan - regional For personal use only ➢ Mobile MT targets: ➢ Numerous signatures akin to Tolukuma vein system identified. ➢ Phase 2 surface geochemistry program (ridge and spur, base of slope and stream float sampling) planned for four main targets: ➢ Karame Epithermal ➢ Idave Epithermal
Slide 17: Additional veins, including deeper seated feeders
Additional veins, including deeper seated feeders For personal use only ➢ Mobile MT lineament analysis results suggest: ➢ deeper seated conductive, possible ‘high-sulphide’ bodies that may correspond to base-metal and gold-rich lodes, below Fundoot and Gulbadi. ➢ future studies should be carried out
Slide 18: Mt Penck update
Mt Penck update For personal use only ➢ Airborne Mobile MT lineament analysis results indicate: ➢ a necessary revision of the prospectivity ranking, elevating Mt Penck to Priority 1 target. ➢ eight material porphyry copper-gold targets have been identified as a result of the new MT imaging. ➢ Tolu h
Slide 19: Ipi River update
Ipi River update For personal use only ➢ Airborne Mobile MT results imply: ➢ Preliminary interpretation of Airborne MT imagery indicates five previously unknown copper-gold targets that require further exploration and drill testing. ➢ The newly advanced Airborne MT survey provides electrical Airborn
Slide 20: Exploration Pipeline of Targets
Exploration Pipeline of Targets For personal use only ➢ Targets ➢ Strategic sessions ranked targets according to all available criteria ➢ Veins proximal to ML104 identified as highest priority targets ➢ A number of porphyries recognised in the vicinity 19
Slide 21: Mineral samples
Mineral samples For personal use only 120 Vein / Ness Vein intersection: ca. 20 g/t Au 120 Vein (Singha Creek); colloform banded white quartz and sulphides Kunda Vein; colloform-banded quartz, nr costean 1m@110 g/t Au, 82 g/t Ag Taula Vein; colloform-banded quartz; TDH02, 23.0m 20
Slide 22: Drill Core
Drill Core For personal use only Taula TDH08: 76.0 – 80.8m; 4.8m @ 22.8 g/t Au, including 1.0m @ 61.2 g/t Au 21
Slide 23: Vein exposures
Vein exposures For personal use only Tinabar Vein exposure, 1565L Ilive Vein exposed 22
Slide 24: First vehicular access in coming weeks
First vehicular access in coming weeks For personal use only 23
Slide 25: Gold Plant
For personal use only Gold Plant 24
Slide 26: Mining
Mining ➢ Accessing upper workings ➢ Face and stockpile sampling completed ➢ Refurbishment of rockdrills For personal use only underway ➢ Establishing crews ➢ Mobile equipment refurbishment completed, supplemented by new orders ➢ Ventilation survey completed 25
Slide 27: Community Focus
For personal use only Community Focus 26
Slide 28: Contacts
Contacts For personal use only Iain Macpherson +675 7202 7320, + 61 428 912 245, +27 76 238 4461 MD & CEO iain.macpherson@toluminerals.com Chris Muller +61 400 479 848, +675 7666 7742 Exec Group Geologist chris.muller@toluminerals.com Vern Wills +61 418 912 664 Strategic Corporate Advisor vern.wills