Tmk Energy Limited · ASX:TMK
Tmk Energy — Noosa Mining Conference 2023
19 slides from Tmk Energy's conference presentation, Nov 17, 2023
Slide 1: Focused on the Responsible Development of Mongolia's Significant Natural Gas Resources
For personal use only TMK ENERGY LIMITED ASX:TMK Focused on the Responsible Development of Mongolia’s Significant Natural Gas Resources Brendan Stats Noosa Mining Conference CEO November 2023
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER For personal use only This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this document is
Slide 3: Highlights: Gurvantes XXXV Natural Gas Project
HIGHLIGHTS: GURVANTES XXXV NATURAL GAS PROJECT For personal use only LOCATION South Gobi Basin, Mongolia Tenure PSC Exploration License Mongolia TMK Interest 100%* Tenement size 8,400km China Development stage Exploration and Evaluation <300km from existing gas pipeline Infrastructure network in nor
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Strongly aligned Board & Management, with significant TMK Energy Limited For personal use only Mongolian ownership on the TMK register Share Price (16 November 2023) $0.009 Market Capitalisation $45.3m • TMK Energy (ASX:TMK) is focused on the responsible development of the Gurvant
Slide 5: Board & Management
BOARD & MANAGEMENT Dougal Ferguson Tsetsen Zantav Brendan Stats Ganzorig Vanchig Curtis Church For personal use only Chief Commercial Strategic Advisor to Operations Manger Chief Executive Chief Operating Officer & Company the Board (Mongolia Based) Officer Officer Secretary (Mongolia Based) (Mongol
Slide 6: Significant Milestones & Achievements
SIGNIFICANT MILESTONES & ACHIEVEMENTS Project has been materially de-risked following a staged approach to exploration, drilling & commercialization For personal use only US$6m farmout Gurvantes Thick, gassy Seven well agreement with Project coal drilling FIRST PILOT WELL TERRA Talon Energy acquired
Slide 7: Drilling Results
DRILLING RESULTS All seven maiden exploration wells show significant CSG prospectivity with 100% success rate COAL RANK QUALITY High Quality Bituminous ✓ Ideal rank and quality for CSG project For personal use only Very thick coal (thicker than any major developed COAL THICKNESS 60m 91m 60m 175m 40m
Slide 8: Maiden Contingent Resource
MAIDEN CONTINGENT RESOURCE Maiden Resource of 1.2 TCF (2C) is the largest Contingent Natural Gas Resource in Mongolia Maiden resource highlights For personal use only Nariin Sukhait Region Unrisked Gross Contingent Gas Resource (Bcf)* Largest CSG Contingent Resource in Mongolia of 1.2 TCF (2C) Total
Slide 9: Coal Seam Field Comparison
COAL SEAM FIELD COMPARISON Gurvantes XXXV represents a world class coal seam gas Project, comparing favourably to existing world-leading CSG basins COAL QUALITY AND RANK For personal use only GENERAL ASSESSMENT OF CSG PROJECT PARAMETERS & OGIP RESOURCE DENSITY LOW QUALITY HIGH QUALITY 120m SUB- LIGN
Slide 10: 2023 Newsflow Catalyst
2023 NEWSFLOW CATALYST A clear pathway from exploration to pilot production at Gurvantes XXXV with several near-term milestones For personal use only CY23 CY24 STRATEGIC FOCUS ACTIVITY Q1 Q2 Q3 Q4 H1 2023 PILOT WELL PROGRAM Major Drilling Engaged for Pilot Well Program a) Flow gas to surface Pilot W
Slide 11: Pilot Well Program: Drilled on Time and Under Budget
PILOT WELL PROGRAM All three pilot wells drilled on time and under budget PRODUCTION WELL LF-1 LF-2 LF-3 For personal use only TOTAL DEPTH 375m 407m 515m NET COAL THICKNESS 61m 62m 68m DATE DRILLED April 2023 May 2023 May 2023 PRODUCTION INTERVAL DEPTH 184m – 314m 245m – 393m 316m – 470m PAGE 11 © T
Slide 12: Pilot Well Program: Performing in Line with Expectations
PILOT WELL PROGRAM Performing in line with expectations • PWP in production for approximately 4 Lucky Fox-1 Pilot Well Flaring months. For personal use only • Performing well, in line with expectations. • Results thus far positive and point to a successful result in a reasonable time frame. Good Wat
Slide 13: 2023 Exploration Program
2023 EXPLORATION PROGRAM Exploring ‘Terra’ Area 2023 Exploration Work Program For personal use only • Co-operation agreement with coal mine operator ‘Terra Energy’ • 4 fully cored exploration wells, expanded to 8 wells • 40 km 2D seismic Results • Drilling near completion • Gas and permeability test
Slide 14: Domestic Supply Opportunity
DOMESTIC SUPPLY OPPORTUNITY Significant opportunity exists for TMK to cement themselves as a key supplier of gas and power to Mongolia The capital of Mongolia, Ulaanbaatar, is heavily polluted and in 2022, South Gobi province energy infrastructure For personal use only Mongolia had an average Partic
Slide 15: China Supply Opportunity
CHINA SUPPLY OPPORTUNITY China is the largest energy user globally with significant gas infrastructure in close proximity to Gurvantes XXXV For personal use only Chinese Energy Market Neighbouring Oil & Gas Developing Relationships in Chinese 2020 gas demand estimated to Infrastructure China double
Slide 16: Operating in Mongolia
OPERATING IN MONGOLIA A proven & growing mining jurisdiction with under-explored terrains Jurisdiction overview Ulaanbaatar For personal use only Strong Mining Jurisdiction Mining sector leading 90% of exports and the country’s largest employer Stable Political Environment Democratic government that
Slide 17: Gurvantes Ownership Consolidation
GURVANTES OWNERSHIP CONSOLIDATION Binding Agreement to consolidate 100% ownership of Gurvantes XXXV Project to within TMK Full Optionality Value Accretive Cost Synergies For personal use only Highly value accretive for TMK Full optionality to advance Cost synergies by simplifying shareholders with a
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS Largest Contingent CSG Resource in Mongolia of 1,214 Clear pathway to commercialisation with farm-in For personal use only BCF (2C) with 100% success rate on maiden drilling partner secured, de-risking funding through key campaign comprising seven exploration wells value add st
Slide 19: Thank You
For personal use only THANK YOU Level 14, 234 George Street Level 9, Niislel, 14th Khoroo, 1202 Hay Street Bayanzurkh District, Ulaanbaatar West Perth, Western Australia, 6005 Sydney, New South Wales, 2000 AUSTRALIA MONGOLIA AUSTRALIA +61 8 6319 1900 (Australia) +976 8810 7575 (Mongolia) info@tmkene