Titan Minerals Ltd · ASX:TTM
Titan Minerals — Merger or Acquisition (December 2019)
23 slides from Titan Minerals's merger presentation, December 2019
Slide 1: Overview of the Core Gold Takeover Offer
OVERVIEW OF THE CORE GOLD TAKEOVER OFFER Creating an Emerging Ecuador and Peru Focused Gold Explorer, Developer and Producer
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS NOT AN OFFER OF SECURITIES FORWARD LOOKING STATEMENTS (CONT’D) This presentation has been prepared by Titan Minerals Limited (“Titan” or the “Company”) and is provided for informational Actual results could differ materially from those anticipated in the for
Slide 3: Company Snapshot
COMPANY SNAPSHOT Company Background ▪ ASX-listed, emerging Peruvian copper/gold company with development and exploration assets focussed on the Andean Terrane of South America ▪ Cash flowing from Vista Gold Plant and well positioned to develop its early stage Peruvian exploration properties, the Cor
Slide 4: Leadership: Board & Executive Team
LEADERSHIP: BOARD & EXECUTIVE TEAM Michael Hardy ▪ Practised as a barrister and solicitor for 40 years, having been a partner with Robinson Cox (subsequently Clayton Utz) from 1983 to 2002 Non-Executive ▪ Former Director and Chair of Fleetwood Corporation Limited and a former board member of WA Coun
Slide 5: Titan Asset Overview – Peru
TITAN ASSET OVERVIEW – PERU VISTA GOLD PLANT ▪ Brand new CIP gold plant licensed for 350tpd operations and nameplate capacity of 150tpd in current operation(1) ▪ Infrastructure and key personnel well equipped to expand acquisition and processing of mineralized material ▪ Average head grades range fr
Slide 6: Strong Shareholder Support
STRONG SHAREHOLDER SUPPORT Company Track Record Since relisting as Titan on the ASX in late 2017, the Company has successfully raised A$23M via private placements to institutional and sophisticated investors in order to fund the Company’s targeted expansion programme. Over A$8M (US$5.5M) of investme
Slide 7: Overview of the Offer to Acquire Core
Overview of the Offer to Acquire Core CORE GOLD TAKEOVER PRESENTATION | DECEMBER 2019 PAGE 6
Slide 8: Summary of Increased Offer to Acquire Core & Proposed Capital Raising
SUMMARY OF INCREASED OFFER TO ACQUIRE CORE & PROPOSED CAPITAL RAISING Increased Offer to Acquire Core(1) ▪ Offer raised to 3.1 Titan Minerals shares for each Core share (the “Increased Offer”), an increase of 24% over the original offer ▪ Core’s major shareholders have entered into irrevocable lock-
Slide 9: Summary of Increased Offer
SUMMARY OF INCREASED OFFER Core’s Share Price has Increased by 69% Since Titan’s Original Intention to Offer Announcement Offer Premium vs. Core Share Price (CAD) 13 Sep 19 6 Dec 19 Day Before Titan Announces Day Before Titan Announces 0.75 Intention to Intention to Increase Offer Acquire Core 0.60
Slide 10: Proforma Company – Asset Overview
Proforma Company – Asset Overview Creating an Emerging Ecuador and Peru Focused Gold Explorer, Developer and Producer CORE GOLD TAKEOVER PRESENTATION | DECEMBER 2019 PAGE 9
Slide 11: Ecuador: A New Mining Era
ECUADOR: A NEW MINING ERA Country Overview Compelling Mining Investment Rationale ▪ Located at the “hinge” of the Andes between mineral-rich Peru and Friendly Mining Underexplored No gold export Stable mining Colombia Ministry & vs. Peru or restrictions laws Government Colombia ▪ Since 2015, Ecuador
Slide 12: Proforma Asset Overview
PROFORMA ASSET OVERVIEW DYNASTY GOLDFIELD PROJECT ▪ Indicated Resource: 991koz Au (6.6Mt @ 4.7 g/t Au)(1) ▪ Inferred Resource: 1.1Moz Au (7.8Mt @ 4.4 g/t Au)(1) COPPER DUKE PROJECT ▪ Early stage major copper-gold porphyry complex CORIORCCO GOLD PROJECT ▪ 100% held epithermal gold vein project with 2
Slide 13: Dynasty Goldfield
DYNASTY GOLDFIELD The Dynasty Gold District has a Robust Exploration Portfolio to Execute a Near-Term Drill Program ▪ Located 15km from Pan American Highway ▪ 9km vein corridor, with 4km drill gap containing strong surface gold anomalism – only 26,700m from 201 holes drilled on <4km strike ▪ Signifi
Slide 14: Copper Duke
COPPER DUKE Early Stage Major Copper-Gold Porphyry Complex ▪ 13 contiguous concessions totalling ~13,000ha ▪ Environmental License (drilling permit) received(1) ▪ Multi-phase porphyry system, includes two styles of mineralization: 1) porphyry copper-gold associated with hornblende porphyry, and calc
Slide 15: Linderos
LINDEROS High Grade Gold at-Surface Mineralization Discovery ▪ Located SW in the Province of Loja, near the Peru border, included in a block of four contiguous concessions totaling 14,317ha ▪ Results of 2018 drilling campaign include the following select intervals(1): o 5.94m @ 10.78 g/t Au (include
Slide 16: Production Assets
PRODUCTION ASSETS Portovelo Mill & Plant (Ecuador) ▪ Largest fully permitted Carbon-in-Pulp (“CIP”) plant currently operating in Ecuador ▪ Nameplate capacity of 2,000tpd ▪ Plant optimization work scheduled for 2019 provides for potential increase in throughput and recoveries ▪ Processes all material
Slide 17: Coriorcco Gold Project
CORIORCCO GOLD PROJECT Extensive Epithermal Gold Vein Mineralisation ▪ Coriorcco Gold Project hosts a significant vein swarm with multiple veins >1.2m widths at surface ▪ Strong stand-alone development potential post favourable drilling and resource definition work ▪ Potential to deliver low-cost fe
Slide 18: Las Antas Gold Project
LAS ANTAS GOLD PROJECT Early Stage, High Sulphidation Bulk Tonnage Gold Target Las Antas Gold Project ▪ Early stage gold exploration project, located 80km east of the Vista Gold Plant ▪ Potential for bulk tonnage, disseminated (high sulfidation) style gold mineralization ▪ Located within a region of
Slide 19: Next Steps
Next Steps A highly experienced team with strong backing and sophisticated shareholder base to support and unlock value for all shareholders CORE GOLD TAKEOVER PRESENTATION | DECEMBER 2019 PAGE 18
Slide 20: Proforma Company: Structure, Capitalisation & Assets
PROFORMA COMPANY: STRUCTURE, CAPITALISATION & ASSETS Assets Board of Directors Shareholder Ownership (1) DYNASTY GOLDFIELD PROJECT Michael Hardy ▪ Indicated Resource: 991koz Au (6.6Mt @ 4.7 g/t Au) Development Non-Executive ▪ Inferred Resource: 1.1Moz Au (7.8Mt @ 4.4 g/t Au) Chairman CORIORCCO GOLD
Slide 21: Offer Information Agent
OFFER INFORMATION AGENT Information Agent If you have any questions regarding the offer made by Titan, please call Gryphon Advisors Inc., the Information Agent for the offer, at: Outside North America Call Collect: 1.416.661.6592 Toll Free (North America): 1.833.461.3651 Email: inquiries@gryphonadvi
Slide 22: Appendix: Footnotes
APPENDIX: FOOTNOTES COMPANY SNAPSHOT CORIORCCO GOLD PROJECT (1) Does not include the firm commitments to raise gross proceeds of A$3.5 million via the issue of 21,875,000 (1) As per Titan press release dated 26 September 2019 new fully paid ordinary shares at an issue price of A$0.16 per share as de
Slide 23: Contact Us
CONTACT US Laurence Marsland Managing Director info@titanminerals.com.au www.titanminerals.com.au
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