Toubani Resources Limited Registered Shs · ASX:TRE
Toubani Resources Limited Registered Shs — Toubani Resources — Investor Presentation (March 2023)
33 slides from Toubani Resources Limited Registered Shs's investor presentation, Mar 28, 2023
Slide 1: Grow – Optimise – Develop
For personal use only Grow – Optimise – Develop March 2023 | ASX: TRE | TSX-V: TRE
Slide 2: Disclaimer
For personal use only Disclaimer This Presentation is for information purposes in connection with Toubani Resources Inc.’s known as “TRE” or the “Company”(s) preliminary business plan only. While the information contained herein has been prepared in good faith, neither the Company nor any of its sha
Slide 3: Disclaimer – Competent Person
For personal use only Disclaimer COMPETENT PERSON The information in this announcement that relates to exploration results, geology and mineral resources is extracted from the Company's prospectus dated 12 September 2022 and released on ASX on 25 November 2022 (Prospectus) which is available on the
Slide 4: Why Toubani?
For personal use only Why Toubani? Kobada is a simple, strategic development project in a prolific West African gold district • Kobada deposit is a large, oxide open pit deposit with 3.1Moz defined over a continuous 4.5km Strategic Development Asset • Remains open at depth and along strike • Oxide d
Slide 5: Corporate Overview
For personal use only Corporate Overview Capital Structure Shareholder Structure Basic Shares Fully Institutional Management Cash Outstanding Diluted As of December 31st, 2022 Investors & Directors 102.2 M 119.2 M A$5.4 M 25.8 % 6.6 % Options Significant Warrants Strike Price: A$0.26 – Market Capita
Slide 6: Experienced Leadership
For personal use only Experienced Leadership Phil Russo | Chief Executive Officer & Executive Director Bill Oliver | Exploration & Resource Development Mr. Russo is an experienced mining and finance professional with more than 18 years experience Mr. Oliver is a geologist with over 20 years of exper
Slide 7: Pathway Forward: Grow – Optimise – Develop
For personal use only Pathway Forward: Grow – Optimise – Develop Focused on closing the valuation gap to peers NEAR TERM MEDIUM TERM (Growth & Optimisation Phase) (Development Phase) US$5/oz US$32/oz Developer Re-Rate TOUBANI’S EV/OZ TRADING PEER AVG EV/OZ TRADING RARE DEVELOPMENT ASSET IN MULTIPLE
Slide 8: Mali – A Long History of a Favourable Mining Environment
For personal use only Mali – A Long History of a Favourable Mining Environment Africa’s 4th largest gold producer with regional activity increasing JURISDICTION • Stable and mining friendly jurisdiction • Transparent system of mineral and surface title • Political and social support of mining with s
Slide 9: Kobada Gold Project
For personal use only Kobada Gold Project Significant prize defined with several opportunities to enhance 1.2Moz ORE3 KOBADA MAIN 3.1Moz MRE1 MRE defined within Kobada DEPOSIT at 0.87 g/t Main deposit only at 0.94 g/t (0.35 g/t cut-off) - Oxides form 75% of total ORE Several shear structures identif
Slide 10: Kobada Main Deposit
For personal use only Kobada Main Deposit Large, open pittable Mineral Resource over a 4.5km strike with over 146,000m drilled to date B • Kobada Main deposit is a large, continuous 4.5km long open pit hosting global Mineral Resources of 3.1Moz • Over 146,000m have been drilled to an average depth o
Slide 11: Extensive Historical Artisanal Activity Over Entire 5km Strike Extent
Extensive Historical Artisanal Activity Over Entire 5km Strike For personal use only Extent at Kobada Main Deposit Similar, less extensive level of past activity on other untested shear structures 11 Note: February 2023
Slide 12: Kobada Main Deposit – Mineralisation over 5.0km
For personal use only Kobada Main Deposit Mineralisation defined over strike length of 5.0km D E • Long section showing drilling, depth of oxidation, >0.3 g/t and >1.0 g/t grade shells • Mineral Resources (>0.3 g/t) defined over 5.0km of strike with close spaced drilling in oxide blanket • Free dig,
Slide 13: Kobada Main Deposit – Mineralisation over 250m down dip
For personal use only Kobada Main Deposit Mineralisation defined over 250m down dip • Mineralisation defined to 250m below surface and remains open at depth • Broad, continuous mineralisation >0.3 g/t well defined by drilling • Continuity of >1.0 g/t mineralisation also apparent, potential to deline
Slide 14: Attractive Oxide Optionality Potential at Kobada
For personal use only Attractive Oxide Optionality Potential at Kobada Robust deposit at increased cut-off grades offers potential to present a stronger oxide project Cut-Off Tonnes Au g/t Ounces • Given the deep oxide profile at Kobada and its effect on the DFS g/t Mt g/t Moz economics, a low cut-o
Slide 15: 2021 DFS Production Schedule
For personal use only 2021 DFS Production Schedule Trade-off studies to highlight potential oxide optionality in the mine plan Focus area of resource evaluation and 120,000 trade-off studies is to assess potential 1.40 Feed grade ~1.1 g/t to improve grade profile, associated project parameters and o
Slide 16: Multiple Levers to Optimise the 2021 DFS
For personal use only Multiple Levers to Optimise the 2021 DFS Optionality exists to positively enhance Kobada through a targeted focus on oxide development and trade-off studies • Current DFS life-of-mine plan contemplates 3Mtpa throughput of oxide ore feed for the first 8 years followed by a combi
Slide 17: Track Record of Successful Oxide Mining in West Africa
For personal use only Track Record of Successful Oxide Mining in West Africa Several mines in the region commenced with a simple, low technical risk oxide operation Toubani – Kobada – Mali Deep weathering profile offers a simple, large open pit mining operation • Softer oxide material begins from su
Slide 18: New Discoveries in an Established Gold District
For personal use only New Discoveries in an Established Gold District Walk-up targets to test extent of near-surface oxide mineralisation • Kobada is a large gold system in a prolific gold district with numerous near-surface targets • Over 153,000m of drilling focused primarily on the Kobada Main sh
Slide 19: Target – Gosso
For personal use only Target 1 – Gosso Underexplored and highly prospective • Parallel shear to Kobada Shear Zone with many similar characteristics • First drilled with RC in 2011, but no follow up until 2020 • Intersections include: • 36m at 1.64 g/t from 72m (KBRC11_140) • 3.1m at 4.25 g/t from 34
Slide 20: Target – Kobada Est
For personal use only Target 2 – Kobada Est Significant auger anomaly untested by drilling • Located on Kobada East Shear, another parallel structure to the Kobada and Gosso Shear • Artisanal workings present along structure • No previous drill testing, only shallow auger testing • 2023 drilling tar
Slide 21: Target – Kobada North and Kobada West
For personal use only Target 3 & 4 – Kobada North and Kobada West Untested section of mineralized structure right next door • Kobada North 1 and 2 targets lie directly on the Kobada Shear and cover 2.3km of strike north from the Kobada Main deposit • Limited drill testing at Kobada North 1 Kobada No
Slide 22: Kobada a Central Part of a Much Larger System
For personal use only Kobada a Central Part of a Much Larger System Current exploration hotspot in southern Mali • Kobada project overlies significant regional scale structures at the eastern margin of the Siguiri Basin • These gold-bearing structures parallel those bounding the Yanfolila Belt, whic
Slide 23: Committed to Sustainable Development
For personal use only Committed to Sustainable Development Bridge repair into Kobada village At Toubani Resources, we are committed to creating value for our shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of our employees and o
Slide 24: Peer Benchmarking a Telling Investment Opportunity
For personal use only Peer Benchmarking a Telling Investment Opportunity Clearly undervalued relative to peers despite size and low technical risk EV/Resource trading comparables (US$/oz) and total resource (Moz)1,2,3,4 80.0 8.0 70.0 66 7.0 65 59 60.0 6.0 EV/Resources (US$/oz) Total Resource (m oz)
Slide 25: West Africa an Active Region for Corporate Activity & Project Development
West Africa an Active Region for Corporate Activity & Project For personal use only Development Simple, advanced assets to grow in attractiveness Selected peer comparables1,2,3 Selected West African transaction comparables since 20204 Corporate actions validate large value potential for West African
Slide 26: Toubani's Investment Case
For personal use only Toubani’s Investment Case Experienced team in place to drive Kobada towards unlocking value for all stakeholders Significant Valuation Re-Rate Grow Optimise Develop US$5/oz Toubani EV/Resource multiple today • Targeting new oxide discoveries • Demonstrate potential project • Si
Slide 27: Additional Information
For personal use only ASX: TRE | TSX-V: TRE Additional Information
Slide 28: Kobada Project Mineral Resource Estimate 2021
For personal use only Kobada Project Mineral Resource Estimate 2021 Tonnes Au Au Mineral Resource Classification Mt g/t Koz Measured 21.40 0.83 572 Indicated 40.15 0.88 1,139 Measured and Indicated Total 61.54 0.86 1,711 Inferred Total 42.03 1.06 1,433 Notes: 1. A Mineral Resource cut-off grade of 0
Slide 29: Kobada Project Mineral Reserve Estimate 2021
For personal use only Kobada Project Mineral Reserve Estimate 2021 Category Material Ore (kt) Grade (g/t) In Situ Ounces (Koz) Laterite 336 0.77 8.4 Saprolite 12,279 0.84 326.9 Proven Transition 1,777 0.83 46.8 Fresh 5,870 0.74 139.6 Subtotal 20,263 0.81 521.7 Laterite 1,296 0.88 36.7 Saprolite 16,1
Slide 30: Kobada South – Resource Extension Target
For personal use only Kobada South – Resource Extension Target Infilling gaps in drilling to the south of the Kobada deposit • Drilling aims to infill and extend resource at southern extremity of Kobada Main deposit • 450m gap in drilling • Mineralisation confirmed by drilling at southern end • Geoc
Slide 31: 2021 DFS – Low Technical Risk Base Case to Underpin Value
For personal use only 2021 DFS – Low Technical Risk Base Case to Underpin Value Permitted project to process an initial oxide ore phase with hard rock processing in later years Low technical risk, long-life open pit project DFS PARTICULARS • Proven & Probable Ore Reserves of 1.2Moz LOM Tonnage Proce
Slide 32: Reference Data
For personal use only Reference Data Company Company Material Reference Tietto Minerals Press Release as of October 5, 2021 Orezone Gold NI 43-101, effective date: June 26, 2019 Predictive Discovery Press Release as of August 1, 2022 Roscan Gold NI 43-101, effective date: March 31, 2022 Chesser Reso
Slide 33: For personal use only
For personal use only ASX: TRE | TSX-V: TRE
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