Trx Gold Corporation · AMEX:TRX
Trx Gold — Tanzanian Gold — IPO Roadshow (January 2020)
21 slides from Trx Gold's IPO roadshow presentation, Jan 17, 2020
Slide 1: Successful Explorer To Emergent Miner
TSX: TNX NYSE AMERICAN: TRX Successful Explorer To Emergent Miner TANZANIAN GOLD CORPORATION Filed pursuant to Rule 433 Issuer Free Writing Prospectus dated January 17, 2020 Registration Statement No. 333 - 226949
Slide 2: Disclaimer and Forward-Looking Statements
Tanzanian Gold Corporation “Tanzanian Gold”, 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 reliability of any claims, statements
Slide 3: Global Mineral Resources
000 oz Measured…. 815 Indicated….. 1837 M&I.. 2652 Inferred…… 1003 Total.. 3655 • BUCKREEF: Has global mineral resource of 33.93Mt @ 1.51g/t Au (1.547MOz) • BUZIBA: Has global mineral resource of 29.434Mt @ 1.05g/t Au (0.990MOz) • KIGOSI: Has global mineral resource of 21.79Mt @ 0.84 g/t Au (0.586MO
Slide 4: June 2018 Pre-Feasibility Study
June 2018 Pre - Feasibility Study (43 - 101 Compliant). Mineable open pit with just under 1.0M oz 4
Slide 5: Gold Price Sensitivity
5 $/oz Sensitivity Base Case @ $1,300 At $1,500 IRR = 132%
Slide 6: Buckreef Surface Map and Resource Model
New surface map shows 1,200 m (3,937 feet) of continuous mineralization at surface (Shear Zone Hosted) Data for Buckreef Project model from approx. 892 holes that drilled 137,509 meters . New Geology - Resource Model 95% complete. Red Zone is wireframe @ 0.4g/t Au 6
Slide 7: 2019 Drilling Program
7 In Holes Meters drilled DD 8 8,042.34 RC PRECOLLAR 15 2,713.00 RC 43 6,733.00 MET (DD) 1 162.10 Total Phase I & II 52 17,650.44 Grade Control (RC) 79 1,975.00 19,625.44 » The 2019 drilling program is the largest drilling program in the Company’s history. » Total drilled for Phase I and Phase II am
Slide 8: Infill Drilling to Convert Inferred Reserves
8 15 infill holes will facilitate converting Inferred Reserves to M&I Reserves and could add in - pit mineable oz
Slide 9: Mineralization Below Open Pit Bottom
9 Some areas below northern part of open pit bottom, like L19 - 5 show robust continuous mineralization
Slide 10: via ohh Mt |
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Slide 11: Pit Bottom Depth Sections
11 Pit Bottom 400m From Surface 450m From Surface
Slide 12: Hole L25 Northeast Extension
12 Hole L25 - 1 is one of the most northerly holes and extends the Shear Zone over 200m along strike Results from this hole indicate that the Northeast Extension could still be open . From 650m to 681m : - 31.0m @ 2.5 g/t - 2.0m @ 6.9 g/t - 1.0m 11.9 g/t - 7.0m @ 4.0 g/t - 1.0m @ 15.5 g/t - 2.0m
Slide 13: Phase III Drilling Intercepts
13 From 360 - 421.9m: 13m @ 4.6 g/t - 2.5m @ 21.7g/t - 1m @ 50.5 g/t From 464.3 – 503m: 38.7m @ 5.2 g/t - 3m @ 7.8 g/t - 8m @ 11.5 g/t - 4m @ 18.1 g/t - 3m @ 9.2 g/t Phase III will test the continuity of mineralized structures from surface – through the open pit – below the pit bottom – and below be
Slide 14: 3D Model of Mineralization and Dyke
14 Screen shots from rotating 3D image showing minor dislocation of mineralization by a late dyke and confirming that deeper extensions of mineralized zones are still intact as well as best location for a Phase III hole below the dyke .
Slide 15: Metallurgical Sampling
In pit and below pit sampled at various depths. Tests will provide data for open pit design and for conceptual stope design for below pit bottom 15 Samples ready for shipment
Slide 16: Metallurgical Testing and Plant Design
Focus of current metallurgical testing is on final feasibility plant design to treat primary resources in pit, and below pit bottom. Basis of plant design is double capacity of plant in PFS. Drilling has started on these holes.
Slide 17: Oxide Resources
17 Oxide resources at or close to surface contain less than 1% of the gold in the PFS open pit. More suitable to be treated by a separate smaller plant. PFS open pit with main oxide mineralized structures
Slide 18: Grade Control Drilling and Pit Preparation
18 Grade control drilling has started. Topsoil & waste removal started. Pit can supply +3yrs to plant ; another +2yrs supply available from stockpiles. Project has upside. Grade Control Drilling
Slide 19: Oxide Plant
19 Oxide plant will treat approx.15 tph ore. Flow sheet will be conventional Gravity - Cyanide Leaching CIL with cyclones and centrifuges. Metallurgical testing has indicated potential for high recoveries. Plant could incorporate parts from earlier test plant. Stockpiles of oxide ore. Previous plant
Slide 20: Choices for the Path Ahead
20 The Company will soon be facing two choices for the path ahead. » Make the current project better, or » Change the scope to include open pit and underground mining Make It Better Change Scope
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