Tietto Minerals — Diggers & Dealers Mining Forum 2020
23 slides from Tietto Minerals's conference presentation, Oct 12, 2020
Slide 1: Abujar: West Africa's Next Gold Mine
ABUJAR: WEST AFRICA’S NEXT GOLD MINE Diggers & Dealers Mining ASX:TIE Forum 12-14 October 2020
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by Tietto Minerals Limited (“Company”) does This presentation also contains reference to certain intentions, The information in this presentation that relates to Mineral Resources was not purport to contain all the information that a prospective investor may exp
Slide 3: Fast Tracking Development of Abujar
FAST TRACKING DEVELOPMENT OF ABUJAR • Côte d'Ivoire – premier mining investment destination • Growing 2.2 million ounce gold open pit opportunity • Feasibility study underway - PFS in Q1 2021 and DFS expected Q3 2021 • Clear pathway to development – permitting underway, near infrastructure • Well fu
Slide 4: Capital Structure
CORPORATE UPDATE CAPITAL STRUCTURE (ASX:TIE) A$0.55 449M A$247M over A$60M A$187M Share price (9 Oct 20) Shares on issue Market Capitalisation Cash (Sept 20) Enterprise Value SHAREHOLDERS 80 SHARE PRICE MOVEMENT 8 1832 Asset Management 70 7 7.24% 60 6 Hongkong Ausino 50 5 Volume (m) Investment 9.87%
Slide 5: Directors and Research
DIRECTORS AND RESEARCH DIRECTORS RESEARCH FRANCIS DR CAIGEN ARGONAUT HARPER WANG Matt Keane Non-Executive Managing Chairman Director and Founder CANACCORD DR PAUL MARK Paul Howard KITTO STRIZEK Technical Executive Director Director EUROZ Jon Bishop HANJING XU FOSTER Non-Executive Mark Fichera Direct
Slide 6: Unlocking Côte d'Ivoire's Gold
UNLOCKING CÔTE D’IVOIRE’S GOLD Increasing Gold 32.6t of gold produced Production from 5 mines in 2019 Stable, vastly under- explored Hosts West Africa’s largest mining Extensive share of greenstone belts for Greenstone Belts prospective gold (~ 34%) jurisdiction Strong Government Tenements granted f
Slide 7: Abujar Gold Project
ABUJAR GOLD PROJECT • JORC Resource of 45.5Mt at 1.5g/t Au for 2.15Moz • Update on track for Q3, CY2020 • High-grade core of 1.4Moz at 2.2g/t Au at AG deposit • 3 contiguous tenements totalling 1,114km2 • JORC 2012 Resource contained within 2 main deposits: • AG – 34.3Mt for 1.81Moz, containing 1.4M
Slide 8: AG Deposit
AG DEPOSIT • Drill testing extensions to high-grade core at AG • Results from AG extend gold mineralisation 100m below existing resource • Notable results include: • 7m @ 57.79 g/t Au from 76m • 7m @ 41.76 g/t Au from 55m • 21m @ 13.02 g/t Au from 215m High-grade • 16m @ 16.31 g/t Au from 111m gold
Slide 9: APG Deposit
APG DEPOSIT TARGETING GROWTH IN 2020 • Inferred JORC 2012 Mineral Resource of 12.24Mt @ 1.0g/t Au for 350,000oz • Gold mineralisation intersected over a 5km strike • Drilling has defined a wide mineralised gold system • Recent results include: • 9m @ 2.32g/t Au from 160m incl. 4.92m @ 3.80g/t Au • 1
Slide 10: Adding to Our Resource Base
ADDING TO OUR RESOURCE BASE AG Core – High-grade core extension o Over 1km strike high grade core from Line Stepping out – 15 to Line 29 targeting AG South - Mandanou resource growth o Mineralised linkage structure connecting AG to the oxide resources at APG o Drilling intersecting shallow high-grad
Slide 11: Rapidly Growing Abujar Resource
RAPIDLY GROWING ABUJAR RESOURCE + 20,000m +61,000m diamond drilling drilling to feed completed for current into next resource model resource update 22,000m ? drilling 2.2 13,000m Moz drilling 1.7 Moz 0.7 Moz IPO – Q1 April Nov Oct 2018 2019 2019 2020 11
Slide 12: Pipeline of Prospects
PIPELINE OF PROSPECTS Aggressive drilling programs designed to drive continued resource growth throughout 2021 Tietto’s fleet of diamond rigs deliver rapid resource growth with some of the gold sectors lowest costs Tenement Resource Definition Target Testing Target Definition Reconnaissance Middle 1
Slide 13: Low Cost Exploration
LOW COST EXPLORATION Drilling our 50 dollars 00 m further Low cost Production rate drilling of up to 8,500m per ~US$35/m month* 5 Consumables Man portable Tietto owns purchased in rigs with small a fleet of 5 bulk footprint diamond drill rigs * 4 diamond drill rigs 13
Slide 14: Abujar Feasibility Study
ABUJAR FEASIBILITY STUDY Stand Alone Open Pit Development o Assessing potential for a 3.5mtpa open pit gold operation Simple Metallurgy – High Gold Recoveries and Low Energy Usage o Free milling - high gravity and CIL recoveries (up to 98%-99%) PFS o Grinding of fresh material uses 30% less energy t
Slide 15: Encouraging Testwork Results
ENCOURAGING TESTWORK Other RESULTS Process Material AG Deposit(1) Projects(2) Oxide 64.4% 5% - 30% • Metallurgical testwork on AG samples Gravity Trans 82.6% 15% - 40% indicates potential low-cost processing Fresh 83.6% 38% • Excellent gold recoveries at coarse grind Gold Recovery(3) Oxide 98.5% 90%
Slide 16: Working with Local Communities
WORKING WITH LOCAL COMMUNITIES 16
Slide 17: 2021 Catalysts
2021 CATALYSTS 2020 2021 PFS delivery Q1 4th Resource 2021 Update 3rd Resource Environmental Update Approval DFS delivery Q3 Mining Q4 Q1 Licence Q2 2021 Q3 Abujar exploration drilling continues – planning 70,000m of diamond drilling REGIONAL EXPLORATION → Geochem |Geophysical survey | Reconnaissanc
Slide 18: Emerging West African Gold Developer
EMERGING WEST AFRICAN GOLD DEVELOPER Growing 2.2Moz high-grade Aggressive drilling to drive continued Funded for 2021 work program, open pit gold resource resource growth throughout 2021 strong shareholder base Large scale PFS underway - potential Continuous news-flow open pit opportunity for low co
Slide 19: Contact Us
CONTACT US: Tietto Minerals +61 8 9331 6710 +61 428738385 +61 431084305 admin@tietto.com www.tietto.com
Slide 20: Abujar Gold Project - JORC Resources
APPENDIX Abujar Gold Project - JORC Resources A Mineral Resource Estimates - RPM Global (November 2019)* Oxide Transition Fresh Total Area Class Quantity Au Au Quantity Au Au Quantity Au Au Quantity Au Au (Mt) (g/t) (MOz) (Mt) (g/t) (MOz) (Mt) (g/t) (MOz) (Mt) (g/t) (MOz Indicated 0.08 2 0.01 0.3 1.
Slide 21: Abujar Gold Project - JORC Resources
APPENDIX A Abujar Gold Project - JORC Resources AG JORC 2012 Mineral Resource - RPM Global (November 2019)* Indicated Inferred Total COG MTonnes Au g/t Moz MTonnes Au g/t Moz MTonnes Au g/t Moz 0.3 16.1 1.7 0.88 27.9 1.2 1.09 44.0 1.4 1.97 0.4 15.1 1.8 0.87 25.8 1.3 1.07 40.9 1.5 1.93 0.5 13.7 1.9 0
Slide 22: Appendix B: AG - Cross Sections
APPENDIX B: AG - CROSS SECTIONS 22
Slide 23: Appendix C: Regional Permits
APPENDIX C: REGIONAL PERMITS Highly prospective – Significant land package • Boundiali Group (North Côte d’Ivoire) ✓ Within 20Moz+ Au province • Bongouanou (South-East Côte d’Ivoire) ✓ Underexplored province ✓ Fully granted permits ✓ Reconnaissance geochemical survey planned • Sinfra (Central Côte d
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