Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — Investor Presentation (October 2020)
23 slides from Trx Gold's investor presentation, Oct 20, 2020
Slide 1: Tanzanian Gold Corporate Presentation
Tanzanian Gold Corporate Presentation corporation October 2020
Slide 2: Cautionary Note
Cautionary Note Tanzanian Gold Corporation (“Tanzanian Gold” or the “Company”), has taken all reasonable care in producing and publishing information contained in this presentation. Tanzanian Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or rel
Slide 3: Vision for 2020 and Beyond
Vision for 2020 and Beyond Advancing the fully- permitted, advanced-stage Buckreef Gold Project in Tanzania under a 55%/45% JV with STAMICO (Tanzanian State mining company) Production from near- surface oxides started May 2020 and now waiting approval to expand throughput Significant increase in res
Slide 4: Project history and milestones 2014-2020
2014 ¢ M&l resource of 1.2M oz Au at 1.56 g/t Au ¢ Inferred resource of 0.4M oz Au at 1.36 g/t Au 2018 * Old PFS supported a 16-year mine producing ~51K oz of gold per year at an AISC of US$763/0z Au and an initial capex of USS76.5M. ¢ After-tax NPV5% of USS198M and IRR of 132% at US$1,500/oz gold p
Slide 5: Emerging Gold Producer with Substantial Growth Potential
Emerging Gold Producer with Substantial Growth Potential NYSE:TRX, TSX:TNX tangoldcorp.com Recently doubled open pit mineable, M&I Resources at the Buckreef Shear Zone to 2.04M oz Au at 1.77 g/t Au at a low discovery cost (~USS$6/oz) Inferred resource of 635,541 oz Au at 1.11 g/t Au Exploration targ
Slide 6: Risks and value curve of mining development
Risks Fluctuating commodity prices — Funding risk Technical risk HIGH Exploration risk VALUE A-— Oxide Plant B — Sulphide Plant C-— Exploration Speculation Initial drill results provide some insight as to what truly lays beneath but more work is necessary to define a mineable deposit. Early speculat
Slide 7: Asset selection criteria
Asset selection criteria: Primary metal: gold Stage: production Mining: open pit Recovery: CIL/CIP /or Flotation further lower operating costs: Drilling to further optimize gr ade profile Recent geotechnical work suggests >per pit slopes 2ing examined to potentially capture economies of scale Median
Slide 8: Comparable Company Analysis
Comparable Company Analysis Emerging Gold Producers Companies in construction: Orla Mineral Alamos Mako Pure Gold Tanzanian Gold WAF Companies with permitted projects: Belo Sun Cardinal Kerr NovaGold Companies with existing processing fai vy Battle North v Ora Banda TTRX, TSX: TNX tangoldcorp.com Ta
Slide 9: Capital Structure
Ca pital Tickers NYSE:TRX, TSX: TNX St ru ct U re Share Price (Oct 16, 2020) USS0.74 (C$0.94) 52-Week Range US$0.36-US$1.09 (C$0.55-C$1.49) Management, Friends & Family _ Retail Basic Shares Outstanding 199,975,122 SHARE OWNERSHIP Options 7.4M Warrants 3,.29M 15% FD Shares Outstanding 210.7M Market
Slide 10: Management and Directors
Jim Sinclair Executive Chairman * Became Chairman in April 2002 * Founder of the Sinclair Group of Companies (full brokerage financial services provider) * Acted as Precious Metals Advisor to Hunt Oil and the Hunt family from 1981 to 1984 for the liquidation of their silver position * Previously a g
Slide 11: Property Locations
Property Locations in Red NAMIBIA BOTSWANA paniany, MOZAMBIQUE SOUTH AFRICA, tang Key: =~ Political boundary ——— Major Fault Proterozoic Archean Greenstone belt outline Greenstone areas (Nyanzian/Kavirondian) |__| Inferred ultramafics Granitoids and gneisses Greenstone Belts BK —Busia-Kakamega | MK
Slide 12: Location of the Licences on Lake Victoria Greenstone Belt
LOCATION OF TRE LICENCES ON LAKE VICTORIA GREENSTONE BELT Flagship Buckreef Gold Project Location fs Gay Ki Buckreef Project BUCKREEF MAIN PROSPECT 29.52Mt @ 1.48g/t (1.408 MOzs) ; b BINGWA PROSPECT BUZIBA PROSPECT SOUTH Pit PILOT MINE " Mt @ 2.24g/t (116,017 Ozs) 29.43Mt @ 1.05g/t (994,196 Ozs) Res
Slide 13: Significant Exploration
Significant Exploration 1,200m of Gold Mineralization - Still Open 1,200 m (3,937 feet) of continuous gold mineralization in the Buckreef Shear Zone Data for model from almost 1,000 holes (+140,000 meters) Open to the northeast, and down dip. Latest drilling extended the deposit by 300 m along strik
Slide 14: Buckreef Resources NI 43-101 Resource Estimate
B U ckreef Res ources NI 43-101 Resource Estimate for the Buckreef Shear Zone More than Doubled 3.00 3 5 2.50 M&l gold resources for the Buckreef Shear Zone = 2.00 more than doubled compared to the previous cS 1.50 , G7 estimate g 1.00 a Incorporates the results of the 2019 Phase | and II 2 0.50 [i
Slide 15: Stand Alone Oxide Operation Started
Stand Alone Oxide Operation Started No major permit required from the Federal and/or State governments to start production. Special Mining License (SML) good until 2027 (can be renewed) Pre-strip commenced April 6"", 2020 Initial production started in May 2020 Plant will be scaled up to 40 tph of ca
Slide 16: Oxide plant design and stockpiles
Contain less than 9% of the gold in the PFS open pit. More suitable to be treated by a separate smaller plant. Initial focus is to mine and stockpile up to 1 million tonnes from the proposed oxide pit Oxide pit extends over a 37,000 m2 area 0.5 to 1.0 m of overburden above oxide pit Existing stockpi
Slide 17: Plant at Steady State
Plant @ Steady State- Confirms Expansion Flow Sheet Plant performing at steady state, gold pour about every 15 days Various ore blending ratios tested Successful testing of material handling, liquid densities and other elements used to finalize flow sheet for expansion to 40 tph plant Tenders review
Slide 18: Buckreef Gold Project: Advancing Towards Feasibility
Buckreef Gold Project Advancing Towards Feasibility The upcoming feasibility study is targeting 150,000 to 175,000 oz per annum Pit Shell # 75 ~\ ¢ In-House Pit Optimization Points To Larger Open Pit Than PFS ¢ Tenders Bid for 43-101 Pit Design & L-O-M Production Schedule fenilinimaia ° occ: Technic
Slide 19: Excellent potential to materially expand the deposit
MAIN ZONE: Excellent potential to materially expand the Buckreef Shear deposit at depth at the Main Zone Exploration is following up on five isolated drill holes that hit mineralized structures at depth NORTHEAST EXTENSION: Buckreef Shear Zone still open to the Northeast SURFACE OXIDES: Several surf
Slide 20: Preliminary gold production forecast from two plants
Preliminary gold production forecast (100% basis) from the operation of two plants to process oxide and sulphide ores from the Buckreef Shear deposit — Oxide ore in thin layer at surface, friable, suitable to a gravity-leaching conventional CIP Plant — Sulphide ore below oxides have a higher bond/mi
Slide 21: Environment
NYSE:TRX, TSX:TNX tangoldcorp.com Environment o oO c © [Ss = o > (e) oO 21
Slide 22: Why Tanzanian Gold?
Why Tanzanian Gold? * Oxide plant expected to produce 7-10k oz annualized starting in 2020 NYSE:TRX, TSX: TNX tangoldcorp.com 2.04M oz Au M&l Wide Open Exploration Oxide Mining Now with Staged Expansion Planned* Upcoming Sulphide Feasibility Study Targeting 150-175k oz per annum 22
Slide 23: Tanzanian Gold Investor Relations
Tanzanian Gold Investor Relations corporation Investor Relations Manager: Michael Martin Email: m.martin@tangoldcorp.com Phone: 1-860-248-0999 Website: www.tangoldcorp.com
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