Tnr Gold Corp. · TSXV:TNR
Tnr Gold — Investor Presentation (August 2024)
198 slides from Tnr Gold's investor presentation, August 2024
Slide 1: The Power of Discovery
The Power of Discovery Building The Green Energy Metals Royalty and Gold Company
Slide 2: The End of the ICE Age. #rEVolution
► The End of the ICE Age. 🔋⚡ #rEVolution TSXV: TNR www.tnrgoldcorp.com 2
Slide 3: TNR Gold Announces Normal Course Issuer Bid
► TNR Gold Announces Normal Course Issuer Bid Vancouver, British Columbia – June 1, 2023: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) announces that the Company intends to conduct a normal course issuer bid (the “Bid“) pursuant to which the Company may purchase up to a maximum o
Slide 4: There is NO Gold 2.0
► There is NO Gold 2.0, There are Over 5,000 Yeas of History with Gold TSXV: TNR www.tnrgoldcorp.com 4
Slide 5: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION OF TNR GOLD CORP. (“TNR”) Certain of the statements made in this Presentation may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canad
Slide 6: There is NO Gold 2.0
► There is NO Gold 2.0, There are Over 5,000 Yeas of History with Gold TSXV: TNR www.tnrgoldcorp.com 6
Slide 7: Cautionary Note to US Investors
CAUTIONARY NOTE TO US INVESTORS Mineral Reserves and Mineral Resources - The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" referred to in the Company's disclosure are Canadian mining terms as defined in accordance with National Instrument 43-101 -Standards of Discl
Slide 8: Green Energy Metals. Tesla Nicola #rEVolution and Gold
► Green Energy Metals. Tesla Nicola #rEVolution and Gold TSXV: TNR www.tnrgoldcorp.com 8
Slide 9: Introducing GEM Royalty TNR Gold Corp.
Introducing GEM Royalty TNR Gold Corp. “Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the Energy rEVolution, and the Gold industry that is providing the ultimate hedge for this stage of the economic cycle
Slide 10: Leadership
LEADERSHIP Board of Directors Management Kirill Klip, MBA – Executive Chairman Kirill Klip, MBA – President and CEO John Davies Maurice Brooks, B. Sc., FCA (ICAEW) – CFO Konstantin Klip, B.A. Konstantin Klip, B.A. – Vice President, Corporate Development Tobias Higgins, B.A. Nancy La Couvée – Corpora
Slide 11: Corporate Culture
CORPORATE CULTURE Project Portfolio Strategic energy metals focus: lithium and Experienced Management Team Management copper Precious metal assets: gold and silver Strong ownership by insiders and management Proven Business Model Identify and acquire projects at an early stage Selectively advance pr
Slide 12: Global Assets
Shotgun Gold GLOBAL ASSETS Project London CURRENT HOLDINGS Mariana Lithium Project, Argentina • TNR holds 1.5%* NSR Royalty on Mariana Lithium • 100% owned by Ganfeng Lithium Los Azules Copper Project, Argentina • Cu-Au-Ag deposit Vancouver • TNR holds 0.4%* NSR Royalty • 100% owned by McEwen Mining
Slide 13: TNR Gold Bought 5,616,000 Shares Under Issuer Bid
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid “We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “Our business model provides a unique entry point in the creation of supply chains for critical materia
Slide 14: TNR Gold Bought 5,616,000 Shares Under Issuer Bid
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid Vancouver, British Columbia – February 21, 2024: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to provide a corporate update and announce that the Company has purchased 5,616,000 shares to date un
Slide 15: There is NO Gold 2.0
► There is NO Gold 2.0, There are Over 5,000 Yeas of History with Gold TSXV: TNR www.tnrgoldcorp.com 15
Slide 16: TNR Gold Bought 5,616,000 Shares Under Issuer Bid
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid “Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid a
Slide 17: TNR Gold Bought 5,616,000 Shares Under Issuer Bid
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid “The Company’s strategy with the Shotgun Gold Project is to attract a partnership with a major gold mining company. TNR Gold has successfully consolidated and updated its mining claims in Alaska and is actively introducing the
Slide 18: Lithium Will Power Humans for the Next 50 Years, then Robots
► Lithium Will Power Humans for the Next 50 Years, then Robots TSXV: TNR www.tnrgoldcorp.com 18
Slide 19: Mariana Lithium NSR Royalty Holding
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid Mariana Lithium NSR Royalty Holding On May 2, 2023, TNR Gold announced that Ganfeng Lithium (“Ganfeng Lithium”) provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in
Slide 20: Los Azules Copper Project Update, McEwen Mining
► Los Azules Copper Project Update, McEwen Mining TSXV: TNR www.tnrgoldcorp.com 20
Slide 21: Los Azules Copper, Gold and Silver NSR Royalty Holding
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid Los Azules Copper, Gold and Silver NSR Royalty Holding On December 18, 2023, TNR Gold announced that, McEwen Mining Inc. provided an update on the Los Azules Copper Project in San Juan, Argentina. TNR holds a 0.4% NSR Royalty
Slide 22: McEwen Copper drilling update
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid The news release issued by McEwen Mining on February 12, 2024, stated: “McEwen Copper Twenty drill rigs are currently on site at Los Azules and over 36,000 meters (118,000 ft) of drilling have been completed so far this season
Slide 23: Los Azules Copper Project Update, McEwen Mining
► Los Azules Copper Project Update, McEwen Mining TSXV: TNR www.tnrgoldcorp.com 23
Slide 24: Technical Information, About McEwen Copper
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid “Technical Information “The technical content of this news release related to financial results, mining and development projects has been reviewed and approved by William (Bill) Shaver, P.Eng., COO of McEwen Mining and a Quali
Slide 25: Los Azules Copper Project Update, McEwen Mining
► Los Azules Copper Project Update, McEwen Mining TSXV: TNR www.tnrgoldcorp.com 25
Slide 26: Stellantis investment in McEwen Copper
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid “We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper, as a strategic partner in the future develop
Slide 27: Batidero Properties I and II, Josemaria, Lundin Mining
► Batidero Properties I and II, Josemaria, Lundin Mining TSXV: TNR www.tnrgoldcorp.com 27
Slide 28: Batidero I and II NPR Royalty Holding
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid Batidero I and II NPR Royalty Holding On April 28, 2022, TNR Gold announced that Lundin Mining Corporation completed a plan of arrangement pursuant to which Lundin acquired all of the issued and outstanding shares of Josemaria
Slide 29: Batidero Properties I and II, Josemaria, Lundin Mining
► Batidero Properties I and II, Josemaria, Lundin Mining TSXV: TNR www.tnrgoldcorp.com 29
Slide 30: Josemaria project progress
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid The Josemaria project is progressing through basic engineering with procurement of long-lead equipment, including securing key items of crushing and processing. Study work is ongoing, including updating of cost estimates to be
Slide 31: Batidero Properties I and II, Josemaria, Lundin Mining
► Batidero Properties I and II, Josemaria, Lundin Mining TSXV: TNR www.tnrgoldcorp.com 31
Slide 32: Batidero Properties I and II, Josemaria, Lundin Mining
► Batidero Properties I and II, Josemaria, Lundin Mining TSXV: TNR www.tnrgoldcorp.com 32
Slide 33: Batidero Properties I and II, Josemaria, Lundin Mining
► Batidero Properties I and II, Josemaria, Lundin Mining TSXV: TNR www.tnrgoldcorp.com 33
Slide 34: Lundin 2024 Capital Expenditure Guidance
► TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid In its news release dated January 14, 2024, Lundin stated: “2024 Capital Expenditure Guidance Josemaria Project ($225 million): The estimated capital expenditures in 2024 will continue to support advancing the project prior to
Slide 35: Assets: Gold
ASSETS ► Gold “There is NO Gold 2.0, there are over 5,000 yeas of history with Gold” TSXV: TNR www.tnrgoldcorp.com 35
Slide 36: Assets: Alaska
ASSETS ► Alaska “Alaska is a state steeped in a tradition of exploration, mining, and production.” Alaska Miners Association TSXV: TNR www.tnrgoldcorp.com 36
Slide 37: Gold in the Alaskan Elephant Country
ASSETS ► Shotgun Gold Project Gold in the Alaskan Elephant Country 14 0k m SHOTGUN • 90% ownership by TNR • Located in SW Alaska near Donlin Gold • Inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike Fort Knox • Mineralization style resem
Slide 38: Shotgun Ridge – Mineralized Intervals
► Shotgun Ridge – Mineralized Intervals NE-Zone Significant Drill Hole Intercepts* 12-56: 242m of 1.25g/t Au u /t A 5g (over all three mineralized zones) Mid-Zone m @ 2-56 1.2 u 1 /t A g 12-57: 209m of 1.02g/t Au 3 242 1.3 4 SW-Zone 06- 22m of 2.86 g/t Au m@ (over all three mineralized zones) 210 27
Slide 39: Shotgun Ridge – Room to Grow
► Shotgun Ridge – Room to Grow OP PEN EN O OPEN Mineralization not included in resource estimate*. * See slides at the end of this presentation for a full description of the resource estimate. TSXV: TNR www.tnrgoldcorp.com 39
Slide 40: Shotgun – Resource
► Shotgun – Resource Inferred mineral resource estimate 2013*) • 20,734,313 tonnes @ 1.06 g/t Au • 705,960 ounces Au • 0.5 g/t Au cut-off • Mineral resource is located from surface to a depth of 150m • Resource is located on a ridge, forming a topographic high • Mineralization appears to be uniform
Slide 41: Shotgun – Understanding Targets
► Shotgun – Understanding Targets Area of current resource and drilling Undrilled targets have the potential to host gold mineralization IP surveys and drilling only cover a small portion of intrusive complex TSX.V : TNR 200 m TSXV: TNR www.tnrgoldcorp.com 41
Slide 42: Shotgun Gold Project – Opportunity
► Shotgun Gold Project – Opportunity Camp Scale Opportunity • Shotgun Ridge is just one of multiple gold target areas • Gold mineralization identified at each prospect: Shot, King, and Winchester • This group of prospects forms a distinct gold district held 90% by TNR • Surface geochemistry identifi
Slide 43: TNR Gold Strategy with the Shotgun Project
TNR Gold Strategy with the Shotgun Project “The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties,” commented Kirill Klip, Executive Chairman of TNR. “We may be at th
Slide 44: GEM Royalty Business Model
GEM Royalty Business Model TSXV: TNR www.tnrgoldcorp.com 44
Slide 45: TNR Gold GEM Royalty Portfolio
TNR Gold GEM Royalty Portfolio Project Name Metals Operator Royalty Type Mariana Lithium Lithium & Potash Ganfeng Lithium 1.5% NSR* Los Azules Copper, Gold & Silver McEwen Mining 0.4% NSR** Josemaria Copper, Gold & Silver Lundin Mining 7% Net Profits Royalty*** * * TNR Gold holds a 0.15% NSR on beha
Slide 46: Assets: Lithium
ASSETS ► Lithium “Lithium will power humans for the next 50 years, then robots” TSXV: TNR www.tnrgoldcorp.com 46
Slide 47: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 47
Slide 48: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 48
Slide 49: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 49
Slide 50: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 50
Slide 51: Assets – Mariana Lithium
► Assets – Mariana Lithium Mariana Lithium Brine, Argentina TNR holds a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, of which 0.15% of the 1.5% NSR is held on behalf of a shareholder. Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR royalty on
Slide 52: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 52
Slide 53: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 53
Slide 54: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding “The Mariana Lithium PEA study for ILC is the first preliminary economic study that provides a potential value for the total NSR Royalty from the project’s life of mine cash flow. TNR does not have to contribute any capital for development of Mar
Slide 55: TNR Gold Reports on Mariana Lithium Royalty Holding
► TNR Gold Reports on Mariana Lithium Royalty Holding TNR Gold Corp. (TSXV: TNR) (“TNR” or the “Company“) advises that further to the Company’s news release dated December 12, 2018, International Lithium Corp. (TSX-V: ILC) (“ILC”) has issued a news release dated January 22, 2019 in relation to the M
Slide 56: Mariana PEA base case economics
► TNR Gold Reports on Mariana Lithium Royalty Holding The following table taken from ILC’s news release dated December 6, 2018 presents the Project’s base case economic analysis results. Description Units LCE SOP Total Production tpy 10,000 84,000 Mine Life years 25 Capital Cost (CAPEX) US$ 243,425,
Slide 57: Mariana Lithium PEA technical report
► TNR Gold Reports on Mariana Lithium Royalty Holding The technical report issued in accordance with Canadian National Instrument 43-101 – Standards for Disclosure of Mineral Projects (“NI 43-101″) and containing the results of the PEA, with the effective date of November 15, 2018, is now filed on S
Slide 58: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 58
Slide 59: Measured + Indicated Resource Increase to 4.41 Million Tonnes LCE
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in me
Slide 60: Measured + Indicated Resource Increase to 4.41 Million Tonnes LCE
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Vancouver B.C. February 10, 2020: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announc
Slide 61: Technical Report – Mariana Lithium Brine Project
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Technical Report – Mariana Lithium Brine Project, Argentina ILC received a technical report for the Mariana lithium brin
Slide 62: Mariana resource notes
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project Notes: • A cut-off grade of 230 mg/L Li was applied for comparative purposes with other operations in Argentina where li
Slide 63: Mariana resource cautions
► TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project The Company cautions the reader that the only economic studies carried out on the Project are based on the maiden resour
Slide 64: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 64
Slide 65: Resource Increase to 6.85 Million Tonnes LCE at Mariana
► TNR Gold Royalty: Ganfeng Reports Increase of Measured + Indicated Resource to 6.85 Million Tonnes LCE at Mariana Lithium Brine Project Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously ann
Slide 66: Resource Increase to 6.85 Million Tonnes LCE at Mariana
► TNR Gold Royalty: Ganfeng Reports Increase of Measured + Indicated Resource to 6.85 Million Tonnes LCE at Mariana Lithium Brine Project Vancouver, British Columbia – July 14, 2021: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is very pleased to announce that, further to the Com
Slide 67: Report – Mariana Lithium Brine Project, Argentina
► TNR Gold Royalty: Ganfeng Reports Increase of Measured + Indicated Resource to 6.85 Million Tonnes LCE at Mariana Lithium Brine Project Report – Mariana Lithium Brine Project, Argentina Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has rec
Slide 68: Mariana resource estimate notes
► TNR Gold Royalty: Ganfeng Reports Increase of Measured + Indicated Resource to 6.85 Million Tonnes LCE at Mariana Lithium Brine Project * Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate
Slide 69: Resource Increase to 6.85 Million Tonnes LCE at Mariana
► TNR Gold Royalty: Ganfeng Reports Increase of Measured + Indicated Resource to 6.85 Million Tonnes LCE at Mariana Lithium Brine Project Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously ann
Slide 70: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 70
Slide 71: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 71
Slide 72: Advancement of Mariana Lithium Project to Construction
► TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news when it comes to Ganfeng Lithium and the Mariana Lithium Project. I am also very pleased to see that Ganfeng Li
Slide 73: Advancement of Mariana Lithium Project to Construction
► TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium Vancouver, British Columbia – September 27, 2021: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that, further to the Company’s news release dated July 14, 2021, In
Slide 74: Report – Mariana Lithium Brine Project, Argentina
► TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium Report – Mariana Lithium Brine Project, Argentina Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has received the Report for the Mariana lithium br
Slide 75: Mariana resource estimate notes
► TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium * Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off gra
Slide 76: Advancement of Mariana Lithium Project to Construction
► TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news when it comes to Ganfeng Lithium and the Mariana Lithium Project. I am also very pleased to see that Ganfeng Li
Slide 77: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 77
Slide 78: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 78
Slide 79: Litio Minera Argentina Assumes Rights and Obligations
► TNR Gold Royalty Holding Update: ILC Reports Ganfeng Subsidiary Litio Minera Argentina Assumes All Rights and Obligations in Respect of Mariana Lithium Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news regarding Ganfeng Lithium, our NSR Royalty holding a
Slide 80: Litio Minera Argentina Assumes Rights and Obligations
► TNR Gold Royalty Holding Update: ILC Reports Ganfeng Subsidiary Litio Minera Argentina Assumes All Rights and Obligations in Respect of Mariana Lithium Vancouver, British Columbia – October 21, 2021: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that, furt
Slide 81: Litio Minera Argentina Assumes Rights and Obligations
► TNR Gold Royalty Holding Update: ILC Reports Ganfeng Subsidiary Litio Minera Argentina Assumes All Rights and Obligations in Respect of Mariana Lithium Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news regarding Ganfeng Lithium, our NSR Royalty holding a
Slide 82: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 82
Slide 83: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 83
Slide 84: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 84
Slide 85: TNR Gold Considers Partial Mariana Lithium Royalty Sale
► TNR Gold Considers Partial Mariana Lithium Royalty Sale Kirill Klip, TNR’s Chief Executive Officer commented, “We have seen Ganfeng Lithium consolidate 100% of the Mariana Lithium Project and both TNR Gold and Ganfeng Lithium’s subsidiary Litio Minera Argentina Corp. (“LMA”) have acknowledged LMA’
Slide 86: TNR Gold Considers Partial Mariana Lithium Royalty Sale
► TNR Gold Considers Partial Mariana Lithium Royalty Sale Vancouver, British Columbia – April 6, 2022: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) wishes to announce that it is considering strategic options for the sale of a portion of its NSR royalty involving the Mariana Lithi
Slide 87: TNR Gold Considers Partial Mariana Lithium Royalty Sale
► TNR Gold Considers Partial Mariana Lithium Royalty Sale Kirill Klip, TNR’s Chief Executive Officer commented, “We have seen Ganfeng Lithium consolidate 100% of the Mariana Lithium Project and both TNR Gold and Ganfeng Lithium’s subsidiary Litio Minera Argentina Corp. (“LMA”) have acknowledged LMA’
Slide 88: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 88
Slide 89: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 89
Slide 90: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 90
Slide 91: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 91
Slide 92: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 92
Slide 93: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 93
Slide 94: TNR Gold Monetizes Mariana Royalty by Partial NSR Sale
► TNR Gold Monetizes Royalty Holding on Mariana Lithium by Partial NSR Sale to Lithium Royalty Corp Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of deliberate negotiations we have achieved this major milestone for our Company and a further validat
Slide 95: TNR Gold Monetizes Mariana Royalty by Partial NSR Sale
► TNR Gold Monetizes Royalty Holding on Mariana Lithium by Partial NSR Sale to Lithium Royalty Corp Vancouver, British Columbia – July 26, 2022: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that it has entered into a royalty purchase agreement dated July 22
Slide 96: TNR Gold Monetizes Mariana Royalty by Partial NSR Sale
► TNR Gold Monetizes Royalty Holding on Mariana Lithium by Partial NSR Sale to Lithium Royalty Corp Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of deliberate negotiations we have achieved this major milestone for our Company and a further validat
Slide 97: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 97
Slide 98: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 98
Slide 99: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 99
Slide 100: TNR Gold Closes Partial Mariana NSR Royalty Sale
► TNR Gold Closes Partial Mariana Lithium NSR Royalty Sale to Lithium Royalty Corp. Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of negotiations, we have successfully closed this transaction and achieved this major milestone for our Company. This
Slide 101: TNR Gold Closes Partial Mariana NSR Royalty Sale
► TNR Gold Closes Partial Mariana Lithium NSR Royalty Sale to Lithium Royalty Corp. Vancouver, British Columbia – February 2, 2023: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that, further to the Company’s news release dated November 23, 2022, it has succ
Slide 102: TNR Gold Closes Partial Mariana NSR Royalty Sale
► TNR Gold Closes Partial Mariana Lithium NSR Royalty Sale to Lithium Royalty Corp. Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of negotiations, we have successfully closed this transaction and achieved this major milestone for our Company. This
Slide 103: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 103
Slide 104: Mariana Lithium Expected to Commence Production in 2024
► TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium – Expected to Commence Production in 2024 Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfe
Slide 105: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 105
Slide 106: Mariana Lithium Expected to Commence Production in 2024
► TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium – Expected to Commence Production in 2024 Vancouver, British Columbia – May 2, 2023: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that Ganfeng Lithium (“Ganfeng Lithium”) has provided an update on th
Slide 107: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 107
Slide 108: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 108
Slide 109: Mariana Lithium Project Scheduled to Commence Production in 2024
► TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium Project Scheduled to Commence Production in 2024 “We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “Our business model provides a unique entry point in the creation of s
Slide 110: Royalty Holding - Mariana Lithium, Ganfeng Lithium
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Slide 111: Mariana Lithium Project Scheduled to Commence Production in 2024
► TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium Project Scheduled to Commence Production in 2024 Vancouver, British Columbia – April 8, 2024: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that Ganfeng Lithium has provided an update on the Mariana L
Slide 112: Royalty Holding - Mariana Lithium, Ganfeng Lithium
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Slide 113: Mariana Lithium Project Scheduled to Commence Production in 2024
► TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium Project Scheduled to Commence Production in 2024 “Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares,
Slide 114: Royalty Holding - Mariana Lithium, Ganfeng Lithium
► TNR Gold Royalty Holding - Mariana Lithium, Ganfeng Lithium TSXV: TNR www.tnrgoldcorp.com 114
Slide 115: Lithium Will Power Humans for the Next 50 Years, then Robots
► Lithium Will Power Humans for the Next 50 Years, then Robots TSXV: TNR www.tnrgoldcorp.com 115
Slide 116: Assets: Copper
ASSETS ► Copper “Red metal goes green during Energy rEVolution” Visual Capitalist TSXV: TNR www.tnrgoldcorp.com 116
Slide 117: Los Azules Copper Project Update, McEwen Mining
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Slide 118: Assets: Los Azules
ASSETS ► Los Azules TNR Gold holds a 0.4%* NSR royalty 100% owned by McEwen Mining Inc. "Chile, June 26, 2019 - Argentine and Chilean authorities have ratified their cooperative ties and advanced on mechanisms that facilitate the development of mining projects, within the framework of the meeting of
Slide 119: Los Azules Copper Project Update, McEwen Mining
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Slide 125: Los Azules Copper Project Update, McEwen Mining
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Slide 126: Los Azules Copper Project Update, McEwen Mining
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Slide 127: Los Azules Update, McEwen Mining – New PEA June 2023
► Los Azules Copper Project Update, McEwen Mining – New PEA June 2023 TSXV: TNR www.tnrgoldcorp.com 127
Slide 128: Update on NSR Royalty – Los Azules PEA
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment “We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have brought Stellantis as a strategic partner in the futu
Slide 129: Los Azules Copper Project Update, McEwen Mining
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Slide 130: Update on NSR Royalty – Los Azules PEA
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Vancouver, British Columbia – June 26, 2023: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that McEwen Mining Inc. (“McEwen Mining”) h
Slide 131: Los Azules PEA highlights
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment • Initial capital expenditure of $2.462 billion, and a project capital intensity of $7.66 per lb.Cu ($16,880 per tonne Cu)(2) • Average C1(2)cash costs of $1.07 per lb. Cu and
Slide 132: Study Contributors; 2023 PEA vs 2017 PEA
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Study Contributors The 2023 PEA technical report was prepared by Samuel Engineering Inc., with contributions from Knight Piésold Consulting, Stantec Consulting International Lt
Slide 133: Los Azules Copper Project Update, McEwen Mining
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Slide 134: Producing Cathodes
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment 3. Producing Cathodes: The leach process produces LME Grade A copper cathodes, which can be directly used in industry, including within Argentina reducing export taxes. This el
Slide 135: Los Azules Copper Project Update, McEwen Mining
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Slide 136: A New Vision and Approach
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment A New Vision and Approach We developed regenerative guiding principles to reframe the approach to sustainable innovation and set forth high-reaching goals that explore all face
Slide 137: Copper cathode production capacity
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment A nominal copper cathode production capacity of 385 million lbs. per year (175 ktpa) is met or exceeded during the first 11 years of mining and was selected as the Base Case, w
Slide 138: Summary results for Base Case and Alternative Case
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Summary results for the Base Case and Alternative Case are provided in Table 1. TSXV: TNR www.tnrgoldcorp.com 138
Slide 139: Summary results for Base Case and Alternative Case
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Summary results for the Base Case and Alternative Case are provided in Table 1. TSXV: TNR www.tnrgoldcorp.com 139
Slide 140: Sensitivity Analysis
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Sensitivity Analysis The Base Case project economics are reasonably robust (>15% post-tax IRR) at a copper price above $3.00 per pound and are similarly resistant to an increas
Slide 141: Capital expenditure sensitivity
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Table 3 below show the sensitivity of the Base Case project economics to initial and sustaining capital expenditure escalation on a post-tax basis. TSXV: TNR www.tnrgoldcorp.co
Slide 142: Operating expenditure sensitivity
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Table 4 below show the sensitivity of the Base Case project economics to operating expenditure escalation on a post-tax basis. TSXV: TNR www.tnrgoldcorp.com 142
Slide 143: Capital Costs Estimates
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Capital Costs Estimates The Project includes the development of an open pit mine with muti-stage crushing and screening, a heap leach pad, and a copper solvent extraction-elect
Slide 144: Capital cost table
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Slide 145: Operating Costs Estimates
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Operating Costs Estimates Table 6 summarizes the LOM project operating costs per tonne of material processed and per pound of copper produced. TSXV: TNR www.tnrgoldcorp.com 145
Slide 146: Los Azules Copper Project Update, McEwen Mining
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Slide 147: Royalties and Taxes
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Royalties and Taxes The 2023 PEA includes all government and private royalties on production, export taxes, as well as income taxes and banking taxes. Royalty calculations vary
Slide 148: Nuton Opportunity
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Nuton Opportunity Nuton LLC is a copper heap leaching technology venture of Rio Tinto that became a strategic partner in 2022. Its Nuton™ suite of proprietary technologies prov
Slide 149: Los Azules Copper Project Update, McEwen Mining
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Slide 150: Nuton technology benefits
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment This could provide a significant opportunity to optimize the mine plan and the need for selective mining, as simultaneous stacking of both secondary and primary mineralization
Slide 151: Nuton leaching table
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Slide 152: Project Development Schedule
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Project Development Schedule The Gantt chart below presents a conceptual project development timeline based on regional contractor inputs and long-lead equipment and materials
Slide 153: Project development Gantt chart
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Slide 154: Updated Mineral Resource Estimate
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Updated Mineral Resource Estimate The database for resource estimation has a cutoff date December 31 st , 2022. An additional 22,252 m of drilling (mostly infill) from 49 holes
Slide 155: Los Azules Copper Project Update, McEwen Mining
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Slide 156: Los Azules mineralization and drill spacing
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment The current database is adequate for the preparation of a long-range model that serves as the basis for the 2023 PEA. The extent of mineralization along strike exceeds 4 kilome
Slide 157: Mineral resource table
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment TSXV: TNR www.tnrgoldcorp.com 157
Slide 158: Table 9 Notes
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Table 9 Notes: • Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by
Slide 159: End Notes
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment End Notes: • (1) All dollar amounts are United States Dollars (USD) unless otherwise stated. • (2) Project capital intensity is defined as Initial Capex ($) / LOM Avg. Annual C
Slide 160: Qualified Persons
► TNR Gold Update on NSR Royalty – Los Azules Copper, Gold & Silver Project – McEwen Mining Preliminary Economic Assessment Qualified Persons Technical aspects of this news release, excluding mineral resource disclosure, have been reviewed and verified by James L. Sorensen – FAusIMM Reg. No. 221286
Slide 161: Los Azules Update, McEwen Mining – New PEA June 2023
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Slide 195: Los Azules Summary
► Los Azules Summary Argentina is open for business Los Azules deposit is massive 100% owned by McEwen Copper TNR holds 0.4%* NSR royalty New PEA shows favorable results Project is moving forward Increased Value for TNR Gold! McEwen Mining * See page 45 TSXV: TNR www.tnrgoldcorp.com 195
Slide 196: Contact Us Today
CONTACT US TODAY We welcome your inquiries Investor Relations Hub Joint Venture https://tnrgoldcorp.com/investors/ Partnerships IR@tnrgoldcorp.com 1120 – 789 West Pender St., Vancouver, BC, Canada, V6C 1H2 Phone: +1 604-229-8129 Fax +1 604-229-8150 www.tnrgoldcorp.com Financing August 2024 TSXV: TNR
Slide 197: Shotgun Zone Resource Estimate: effective date May 27, 2013
► Shotgun Zone Resource Estimate: effective date May 27, 2013 The Shotgun Zone mineral resource estimate is based on 34 diamond drill holes (NQ) totaling 4,932.3 metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted betwe
Slide 198: Shotgun Ridge Inferred Resource Estimate
► Shotgun Zone Resource Estimate: effective date May 27, 2013 Shotgun Ridge Inferred Resource Estimate – Au (g/t) cut-off Modeled based on a 0.3 – 0.5 g/t Au cut-off Cut-off Tonnes Grade (g/t) Grams Ozs <0.1 g/t 24,551,029 0.96 23,628,833 759,770 0.1 g/t 24,545,917 0.96 23,628,825 759,769 0.2 g/t 24