Toubani Resources Limited Registered Shs · ASX:TRE
Toubani Resources Limited Registered Shs — Toubani Resources — Investor Presentation (October 2024)
31 slides from Toubani Resources Limited Registered Shs's investor presentation, Oct 31, 2024
Slide 1: Kobada Gold Project 2024 Definitive Feasibility Study
For personal use only Kobada Gold Project 2024 DEFINITIVE FEASIBILITY STUDY Kobada ascends to the big leagues KOBADA DFS PRESENTATION | OCTOBER 2024 | ASX:TRE www.toubaniresources.com 1
Slide 2: Disclaimer
Disclaimer This Presentation is dated 31 October 2024 and has been prepared for information purposes in connection with Toubani permitting matters (such as detailed on slides 17 and 22 of this Presentation), gold grades and recoveries at the project, Resources Limited's (“TRE” or the “Company”) defi
Slide 3: Kobada Definitive Feasibility Study Delivers on Commitments
Kobada Definitive Feasibility Study Delivers on Commitments RESOURCE UPGRADE COMPETITIVE AISC For personal use only • Large oxide Mineral Resource • AISC of US$1,004/oz driven by low strip ratios, • 90% of 2.2Moz MRE in Indicated classification soft ore and simple processing RESERVE GROWTH FRESH ROC
Slide 4: Overview of Kobada Gold Project DFS Outcomes
Overview of Kobada Gold Project DFS Outcomes Technically simple project translates to compelling economic outcomes Kobada Gold Project - DFS Outcomes Unit Base Case Project Life Years 9.2 Free-dig oxide material, no drill and For personal use only Mining Metrics Total Material Movement (TMM) Mt 216.
Slide 5: Study Contributors – Leaders in Their Fields
Study Contributors – Leaders in Their Fields Best in class technical partners deliver robust Definitive Feasibility Study Study Manager For personal use only Ore Processing Mineral Tailings Storage Facility Plant Design Resource & Site Water Mgmt. Mining Study / Non-Process Metallurgical Ore Reserve
Slide 6: Large Indicated Resource of 2.0Moz
Large Indicated Resource of 2.0Moz Shallow and well drilled oxide-dominant open pittable Mineral Resource • Kobada is a large, continuous deposit extending over 5km of strike For personal use only • Mineral Resource of 2.2Moz defined within a 4.5km long open pit with close spaced surface drilling •
Slide 7: Significant Ore Reserve of 1.56Moz Underpins Long Mine Life
Significant Ore Reserve of 1.56Moz Underpins Long Mine Life Open pit extends for 4.4km with a maximum pit depth of 180m • US$1,650/oz gold price and prevailing costs used in Ore Reserve estimation, For personal use only reflecting the robustness of the Kobada deposit • Ore Reserve of 1.56Moz represe
Slide 8: Mining Phases Staged to Optimise Cash Flow and Reduce Risk
Mining Phases Staged to Optimise Cash Flow and Reduce Risk Phasing of pits focused on increasing early access to ore at low strip ratios Kobada Open Pit Strip Ratio (W:O) vs Selected West African Development Peer Projects For personal use only 0 1 2 3 4 5 6 Koné 1.2 Kiaka 1.8 Kobada 3.0 Nyanzaga 3.7
Slide 9: Kobada DFS Mining Schedule
Kobada DFS Mining Schedule Non-selective, bulk mining strategy Total Material Movement Mt W:O For personal use only 35 15.0 30 • LOM strip ratio of 3.0:1 (waste:ore) 12.0 25 • Stage 1 strip ratio of 1.8:1 (waste:ore) 20 9.0 • Predominantly free-dig material (no drill & blast) 15 6.0 10 • Average ann
Slide 10: Kobada is a Simple, Conventional Oxide Process Flow Sheet
Kobada is a Simple, Conventional Oxide Process Flow Sheet Free-milling with high recoveries of 96% in oxide material KOBADA HAUL TO MINERAL GRAVITY INTENSIVE CYANIDE LEACH OPEN PIT PLANT SIZER BALL MILL CYCLONES CONCENTRATOR LEACH & ADSORPTION For personal use only ELUTION TAILINGS Soft, free-millin
Slide 11: Oxide Gold Production For Longer
Oxide Gold Production For Longer 162,000oz average annual production over an initial 9-year life of mine Mt Tonnes Processed Profile g/t For personal use only 1.06 1.05 1.20 1.01 1.00 0.92 • Processing rate of 6.0 Mtpa for oxide 0.86 0.86 1.00 6.0 0.76 0.79 only years 0.72 0.80 • Oxide / fresh blend
Slide 12: Kobada Joins the +150,000ozpa Development Assets Tier
Kobada Joins the +150,000ozpa Development Assets Tier Kobada DFS delivers a step change in project profile and increased regional significance Gold Production vs AISC, Kobada vs Selected Koz US$/oz West African Gold Development Peer Projects For personal use only 300 1,400 1,200 250 1,000 200 800 15
Slide 13: Low Initial Development Capital Requirement
Low Initial Development Capital Requirement Robust capital estimate comparable with recent successful West African mine builds of similar scale Initial Development Capital US$m For personal use only Construction Distributables 32.8 Treatment Plant Costs 60.4 Reagents & Plant Services 19.4 Non-Proces
Slide 14: Industry Leading Capital Intensity
Industry Leading Capital Intensity Relatively low funding hurdle with strong returns on invested capital Kobada Capital Development Profile vs Selected West African Gold Development Peer Projects For personal use only 800 712 700 600 500 474 447 456 446 435 400 365 373 300 216 Lowest capital cost 20
Slide 15: Kobada is a Compelling Low-Cost Asset
Kobada is a Compelling Low-Cost Asset Competitive costs are driven by Kobada’s unique soft rock characteristic US$/ tonne All - in - Sustaining Costs US$m LOM US$/oz BWi (kWh / t) processed For personal use only Mining 680 456 12.6 0 5 10 15 20 25 30 Processing 447 299 8.3 Kobada Oxide 3.7 Site G&A
Slide 16: Kobada Ticks All of the Boxes
Kobada Ticks All of the Boxes High NPV generation relative to capital invested Initial Development Avg Gold Low Average Annual Pre-tax & Post-tax Pre-tax & Post-tax Post-tax For personal use only Capex of Production AISC of Operating Cash Flow NPV8 of IRR of Payback of US$216m 162koz US$1,004/oz US$
Slide 17: Robust Economics Across Various Scenarios
Robust Economics Across Various Scenarios Sensitivity analysis highlights the resilience of the Kobada Gold Project Sensitivity Analysis - Post Tax NPV (US$m) • Kobada can withstand significant unfavourable movements in For personal use only - 200 400 600 800 1,000 1,200 macroeconomic and technical
Slide 18: Next Steps – Enhance Kobada
Next Steps – Enhance Kobada Opportunities to improve Kobada and reduce capex and opex Mining • Additional drill data from deeper drilling may increase fresh rock resources and result in For personal use only an expansion of later pit stages • Geotechnical studies to inform/refine pit wall design to
Slide 19: Next Steps – Grow Kobada
Next Steps – Grow Kobada Pursuing additional oxides to increase production and optimise oxide/fresh blend For personal use only Dual growth strategy includes walk-up oxide targets and depth extensions • Enables high margin oxide ounces to supplement base load throughput for potential increases in go
Slide 20: Next Steps – Grow Kobada: Untapped potential below Mineral Resource
Next Steps – Grow Kobada Untapped potential below the current Mineral Resource For personal use only Targeting significant free milling, fresh rock optionality at depth • Historic drilling results in fresh rock at Kobada include1: • 9m at 21.0g/t from 114m (KBRC12-066) • 3m at 33.9g/t from 135m (KBR
Slide 21: Growth – Fresh Rock Opportunity Below Current MRE
Growth – Fresh Rock Opportunity Below Current MRE Kobada deposit is open at depth For personal use only Drilling program set to commence in Q4 2024 targeting high priority depth extensions Note: Refer to the Company’s announcements dated 25 March, 11 April, 22 April, 22 May 2024. www.toubaniresource
Slide 22: Next Steps – Derisk Kobada
Next Steps – Derisk Kobada Readying the Project for development and significant future economic benefits for Mali Key workstreams progressing or well advanced For personal use only Mining Convention Kobada Gold Project will • Kobada’s current Mining Convention is governed by the 2012 Mining see sign
Slide 23: Set to Rapidly Advance and Unlock Further Value
Set to Rapidly Advance and Unlock Further Value Kobada is an attractive asset today, but can be even better tomorrow Funded through to achieving Shovel-Ready status in 2025 For personal use only 2024 H1 2025 2026 Positioned for Enhance Grow Derisk Path to Success Production Mid 2025 Development Read
Slide 24: Additional information
ASX: TRE For personal use only Additional information www.toubaniresources.com 24
Slide 25: Corporate Overview
Corporate Overview Capital Structure Shareholder Structure For personal use only Basic Shares Fully Share Price Institutional Management & Outstanding Diluted As of 30 October 2024 Investors Directors 227.9M 260.5M A$0.285 >50.0% 4.2% Substantial Holders Options/Perf Rights Market Capitalisation Cas
Slide 26: Experience in Funding & Developing Mines
Experience in Funding & Developing Mines Board of Directors Senior Management Phil Russo | Managing Director Kerry Griffin | Exploration & Resource Development For personal use only • 20 years experience in corporate, project development and capital markets • Geologist with over 27 years experience
Slide 27: Kobada Resources & Reserves
Kobada Resources & Reserves Mineral Resource Estimate Ore Reserve Estimate Material Indicated Inferred Total Material Proved Probable Total For personal use only Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (Mt) (g/t) (Moz) (
Slide 28: Competent Person Statement
Competent Person Statement The information in this announcement that relates to Exploration Results from the Kobada Gold Project is extracted from the Company’s ASX announcements dated 17 May 2023, 26 April 2023, 11 April 2023, 8 March 2023, 19 July 2023, 25 March 2024, 11 April 2024, 22 April 2024,
Slide 29: African Gold Development Peers
African Gold Development Peers Kobada ascends to the big leagues Project Doropo Kiaka Bankan Koné Twin Hills Kurmuk Nyanzaga Dugbe Kobada Updated FS - Stage FS July'24 FS July'24 PFS - Apr’24 DFS - Jun'23 FS Dec'22 DFS Aug'22 FS Jun'22 DFS Oct’24 For personal use only Jan'24 Mine method OP/UG OP OP
Slide 30: Reference Data
Reference Data Company Project Document NI 43-101 Technical Report Published 3 September Centamin Doropo For personal use only (Effective 18 July 2024) – Doropo Gold Project Feasibility Study West African ASX Announcement 2 July 2024 - Kiaka Feasibility Study Kiaka Resources Updated Delivers 4.8Moz
Slide 31: For personal use only
For personal use only ASX:TRE Phil Russo Peter Taylor Managing Director Investor & Media Relations phil.russo@toubaniresources.com peter@nwrcommunications.com.au www.toubaniresources.com 31
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