Slide 1: Asset – Team – Game Changing Technology
TSX: TXG February 2019 Asset – Team – Game Changing Technology
Slide 2: Safe Harbour Statement
Safe Harbour Statement THE PRELIMINARY ECONOMIC ASSESSMENT (THE ‘MEDIA LUNA PEA” OR “PEA”) IS BASED ON THE TECHNICAL REPORT (DEFINED BELOW). THE PEA IS A CONCEPTUAL STUDY OF THE POTENTIAL VIABILITY OF MINERAL RESOURCES OF THE MEDIA LUNA PROJECT. THE PEA IS NOT A PREFEASIBILITY STUDY OR FEASIBILITY S
Slide 3: Convention – Balance Between, Asset / Team / Region
Convention – Balance Between, Asset / Team / Region Torex offers a splendid asset and team, regional risk, and a new factor… …a game changing technology for underground hard rock mining Conventional Mine Design For The Media Luna Deposit Media Luna Designed With Torex’s Proprietary Technology (Mucka
Slide 4: Current Assets Produce Significant Cash Flow
Current Assets Produce Significant Cash Flow This is the anticipated year end cash position from current assets… …Muckahi will provide options to invest the cash for greater returns US$M Debt Cash Balance (YE) Excl. Restricted cash of $26.8M 4
Slide 5: Cash Position – ELG With Media Luna
Cash Position – ELG With Media Luna Media Luna is planned as the major underground mine... conventional mining has an after tax IRR of 27%, with Muckahi it is 46% ELG to 2024: >2024 - ML Conventional ELG to 2024: >2024 - ML Muckahi 1,370 1,183 1,205 1,056 1,042 884 873 US$M US$M 718 720 509 543 526
Slide 6: The Future – Organic Growth, Acquisitions, Or Both?
The Future – Organic Growth, Acquisitions, Or Both? When we started the ELG Pits had 3M ounces. They were expanded to 5M(1) … …and we found Media Luna (7.4M Au eq oz)(1) , Sub-Sill, and ELD. Organic growth is already a reality. Purple is a good place to look for more… (1) For details of the mineral
Slide 7: Single Asset Diversification Is Of Interest
Single Asset Diversification Is Of Interest Muckahi, which is expected to be proven in 2019, would give us… …a material advantage when competing with other miners for assets Up to 30% Up to 30% Up to 80% reduction in reduction in reduction in underground mining time between mining capital operating
Slide 8: Muckahi – The Elevator Ride Explanation
Muckahi – The Elevator Ride Explanation The question that led to its development... “Why would anyone want to run a logistics business on single lane roads?” Muckahi is expected to achieve the following: Continuous material handling of ore from the stope to the shaft or surface. (Conveyors instead o
Slide 9: Muckahi – Turning Intention Into Reality
Muckahi – Turning Intention Into Reality The Muckahi Rock Drill (Jumbo) is already on site. This service platform… …will ship soon. There are two other Muckahi machines being built. 9
Slide 10: Muckahi – These Videos Explain It Better Than Words
Muckahi – These Videos Explain It Better Than Words Tunnel excavation – In 8 hours achieve what takes 24 hours today. Production – Anticipate 2-3 times as many tonnes per day per stope. Conventional Mine Design For The Media Luna Deposit Media Luna Designed With Torex’s Proprietary Technology (Mucka
Slide 11: Questions?
Questions? Torex = Asset + Team + Game Changing Technology = Strategic Choices 11
Slide 12: Addendum
Ox Cam Torex Gold RESOURCES INC. TSX: TXG Addendum
Slide 13: El Limon-Guajes Open Pit Mineral Resource Statement, End of Year, 2017
El Limon-Guajes Open Pit Mineral Resource Statement, End of Year, 2017 Tonnes Au Grade Ag Grade Contained Contained Ag (Mt) (g/t) (g/t) Au (Moz) (Moz) El Limón (including El Limón Sur) Measured 7.99 2.86 5.02 0.73 1.29 Indicated 20.77 2.87 5.07 1.92 3.38 Subtotal Measured and Indicated 28.76 2.87 5.
Slide 14: El Limón Guajes Open Pit Reserves Effective March 31, 2018
El Limón Guajes Open Pit Reserves Effective March 31, 2018 Tonnes Au Grade Ag Grade Contained Au Contained Ag Reserve Category (Mt) (g/t) (g/t) (Moz) (Moz) El Limón (including El Limón Sur) - Note 3 Proven 6.54 2.95 4.51 0.62 0.95 Probable 14.28 3.03 4.19 1.39 1.93 Sub-total Proven & Probable 20.81
Slide 15: Sub-Sill Underground Mineral Resource Statement End of Year 2017
Sub-Sill Underground Mineral Resource Statement End of Year 2017 Tonnes Au Grade Ag Grade Cu Grade Contained Au Contained Ag (Mt) (g/t) (g/t) (%) (oz) (oz) Sub Sill Indicated 1.29 8.09 10.22 0.50 336,085 424,492 Inferred 0.65 9.09 10.79 0.60 191,087 226,919 Notes to accompany Sub Sill Underground Mi
Slide 16: Sub Sill Underground - Mineral Reserve Statement
Sub Sill Underground - Mineral Reserve Statement Effective date March 31, 2018 Tonnes Au Grade Ag Grade Cu Grade Contained Au Contained Ag Reserve Category (Mt) (g/t) (g/t) (%) (Moz) (Moz) Proven Probable 0.522 10.90 11.16 0.58% 0.183 0.187 Total Proven & Probable 0.522 10.90 11.16 0.58% 0.183 0.187
Slide 17: Media Luna Deposit Inferred Mineral Resource Estimate
Media Luna Deposit Inferred Mineral Resource Estimate @ 2.0 g/t Au Eq. Cut-off Grade – Effective date June 23, 2015 Resourc Tonnes Gold Eq. Contained Gold Contained Silver Contained Copper Contained e (Mt) Grade Gold Eq. Grade Gold Grade Silver Grade Copper Deposit Categor g/t (Moz) (g/t) (Moz) g/t
Slide 18: For further information: Gabriela Sanchez, VP Investor Relations
For further information: Gabriela Sanchez, VP Investor Relations email: gabriela.sanchez@torexgold.com - Mobile: (416) 357-6673 - www.torexgold.com