Titan Mining Corp. · TSX:TI
Titan Mining — Investor Presentation (June 2023)
22 slides from Titan Mining's investor presentation, June 2023
Slide 1: Built for Growth
TSX: TI A PROVEN TEAM DRIVEN BY VALUE BUILT AND COMMITTED TO EXCELLENCE FOR June 2023 GROWTH
Slide 2: Cautionary Notes
CAUTIONARY NOTES Forward-Looking Information: This presentation contains "forward-looking information" within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is exp
Slide 3: Excellent Track Record
| EXCELLENT TRACK RECORD CURRENT AUGUSTA COMPANY RETURNS PAST AUGUSTA COMPANY RETURNS TSX: SLS TSX: TI TSX: G 12,960% 3,300% 6,100% 1,000% OTCQB: SLSSF OTCQB: AUGG return return return return $790M $65M $150M SOLD for $1.6B SOLD for $667M SOLD for $2.1B $1.6B Market Cap Market Cap Market Cap Market
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Best-in-Class Leadership Pure Zinc Play Optimizing Cash Flow Attractive Valuation and Upside Potential Demonstrated track record in Exposure to Increasing Zinc Prices Fixed Zinc Pricing Arrangement Prudent Capital Allocation exploration and development - Located in prolific min
Slide 5: Strong Board | Best-in-Class Leadership
STRONG BOARD | Best-in-Class Leadership Richard Warke | Executive Chairman Consistent record of creating shareholder value at Augusta Group Donald Taylor | CEO 25+ years of mineral exploration experience Winner of 2018 Thayer Lindsley Award for Taylor discovery Proven success Speaker John Boehner in
Slide 6: Focused on Exploration in a 100-Year-Old Zinc District
FOCUSED ON EXPLORATION IN A 100-YEAR-OLD ZINC DISTRICT OVERVIEW >80,000 acres of mineral rights Producing zinc concentrate in northern NY State controlled throughout district Empire State Mines (ESM) controls >80,000 acres of minerals rights Long-term zinc concentrate offtake agreement with Gl
Slide 7: Capital Structure and Dividend Policy
CAPITAL STRUCTURE Toronto Stock Exchange TI Symbol Cash Position $7.4 M (as at 3/31/2023) Shares Outstanding 139 M (as at 3/31/2023) Fully Diluted Shares Outstanding (1) 170 M (as at 3/31/2023) Market Capitalization (as C$79M 3/31/2023) 1. 8 M Warrants exercisable at $0.75 until Sep 22, 2023; 3 M Wa
Slide 8: 2022 Record Year - Highlights
2022 RECORD YEAR - HIGHLIGHTS Improved safety with total recordable injury rate below the national average Record zinc production of 52.5M payable lbs $62 million in revenue and net cash of $15 million Cash position of $7.4 million at March 31, 2023 MISSION: Forecasted 54-58 M lbs of payab
Slide 9: 2023 Production and Cost Guidance
2023 PRODUCTION AND COST GUIDANCE Anticipate increase in production in 2023 from development of the Turnpike Mine project Steady and marked improvement in safety and production ESM Production and Cost Guidance Units 2023 Payable Production Zinc Mlbs 54-58 Cost C1 Cash Cost1 $/lb 1.08 – 1.12 AISC
Slide 10: Improving Performance and Trajectory
IMPROVING PERFORMANCE AND TRAJECTORY Zinc Production All-in Sustaining Cost per Payable Zinc lb 120,000 25.0 1.80 1.60 100,000 20.0 1.40 Zinc Production (Mlbs) 80,000 1.20 15.0 Tons Milled 1.00 60,000 0.80 10.0 40,000 0.60 0.40 5.0 20,000 0.20 - - 0.00 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21
Slide 11: Near-Mine and District Exploration
NEAR-MINE AND DISTRICT EXPLORATION Production supported by current mineral resources with potential for near-mine resource additions • Current source is ESM #4 mine – multiple zones in production; Mahler, New Fold, #2D, and Mud Pond • Drilling continues to expand and discover additional mineraliza
Slide 12: Potential Near-Term Incremental Mill Feed
POTENTIAL NEAR-TERM INCREMENTAL MILL FEED CONTINUING TURNPIKE A PROUD LEGACY MINE PROJECT #4 Shaft and Facilities Fully Permitted Shallow zones of near-mine remnant mineralization discovered in Nov 2019 Potential to add low- cost production Achieves Titan's strategy of providing feed to ESM
Slide 13: Excellence in Exploration
EXCELLENCE IN EXPLORATION MAHLER UNDERGROUND DRILLING Utilizing Company-owned and operated underground MUD POND drills (drilling cost <$20/ft) NEW FOLD ESM #4 Mine Delineation of additional mineralization in Mahler, Mud Pond and New Fold Data used to refine current mine plan in preparation for
Slide 14: Resource Expansion Potential at #4 and #2D
RESOURCE EXPANSION POTENTIAL AT #4 AND #2D #4 mine – mineralized zones generally plunge to northeast; potential to extend zones up and down-plunge Underground exploration drilling following up on intercepted mineralization between Mahler and New Fold. #2D zone – More than 2,000ft of strike len
Slide 15: District Exploration – 2023 Plan
DISTRICT EXPLORATION – 2023 PLAN District Exploration Focused on areas of untested geologic, geochemical, and geophysical potential. 2023 Program in planning and development phase. Surface geochemical sampling to further define past occurrences and extend known mineralization. 1,981 soil sam
Slide 16: Mineral Resources
MINERAL RESOURCES Underground as of October 1, 2020 Tons Contained Zn Category (000’s US short Pounds (%) tons) (M Lbs) Measured 190 13.56 51.6 Consistent Resource Expansion Indicated 1,524 11.49 350.3 Success in replacing mined ore - Titan has been successful historically in replacing Measured +
Slide 17: Appendix
APPENDIX 2, TITAN
Slide 18: Our Approach to Sustainability
OUR APPROACH TO SUSTAINABILITY GUIDING Our employees are governed by a commitment to integrity, trust, community involvement as well as environment and social stewardship APPROACH Our projects are developed with the goal of delivering long-term mutual economic benefits for employees, communities
Slide 19: History of Exploration Success
HISTORY OF EXPLORATION SUCCESS | Potential for Additional Discoveries Long Production History with Numerous Many discoveries made during Discoveries a century of mining operations 120000 Minimal exploration during 2000- New (Hyatt) West Branch (Hyatt) 2010 period Edwards (1903) Hyatt (1917) Pierre
Slide 20: The Right People | Best-in-Class Management
THE RIGHT PEOPLE | Best-in-Class Management Richard Warke | Executive Chairman Consistent record of creating shareholder value at Augusta Group Donald Taylor | CEO 25+ years of mineral exploration experience Discovered world-class Taylor sulphide deposit – winner of PDAC’s 2018 Thayer Lindsley Award
Slide 21: Non-GAAP Financial Measures | Free Cash Flow
NON-GAAP FINANCIAL MEASURES | FREE CASH FLOW Free Cash Flow is a non- GAAP measure. The company believes this measure is a useful indicator of its ability to operate without reliance on additional borrowing or usage of existing cash. Free Cash Flow is intended to provide additional information only
Slide 22: TSX: TI
TSX: TI Email: info@titanminingcorp.com Phone: 604-687-1717 www.titanminingcorp.com