Slide 1: Tennant Mines
TENNANT MINES OTCQX: PAFRF/PAFRY | AIM: PAF | JSE: PAN From concept to first gold in four years
Slide 2: Disclaimer and Forward Looking Statements
XXX DISCLAIMER AND FORWARD LOOKING STATEMENTS The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentation has not been filed, lodged, registered or approved in any jurisdiction and recipients of this document should keep themselv
Slide 3: Acknowledgement of Country
XXX ACKNOWLEDGEMENT OF COUNTRY Tennant Mines acknowledge the Traditional Owners of the lands in which our projects operate, the Warumungu and Warlmanpa people. We pay our respects to Warumungu and Warlmanpa elders, past, present and emerging. We sincerely thank the Warumungu and Warlmanpa people for
Slide 4: Presentation Outline
XXX PRESENTATION OUTLINE 1. Background 2. Geology 4. The crown pillar stockpile 5. Exploration 6. Project commissioning 7. Future work OTCQX: PAFRF/PAFRY | AIM: PAF | JSE: PAN www.panafricanresources.com 4
Slide 5: Background to Tennant Mines
Se PAN AFRICAN RESOURCES, BACKGROUND TO TENNANT MINES
Slide 6: Location
XXX LOCATION Northern Territory, Australia The Nobles deposit is located some 13km east of the town Tennant Creek in the Northern Territory of Australia Group Operations Historical Au and Cu production from the Tennant Creek region South Africa TCMG Australia OTCQX: PAFRF/PAFRY | AIM: PAF | JSE: PAN
Slide 7: Brief History
XXX BRIEF HISTORY The Story of Nobles Prior to cessation of mining Post cessation of mining • Gold rich deposits were discovered in the • Recently, numerous exploration companies have Tennant Creek region by Bill Weaber and conducted exploration on smaller leases around the Jack Noble in the 1930’s
Slide 8: Tenements
XXX TENEMENTS Exploration Licenses and Mining Licenses Largest land package • Tennant Mines holds 100% of the Nobles, Juno and Warrego Mining Licenses • Through the ERM-JV, Tennant Mines has access to >1,700km2 of highly prospective ground in what is historically the highest-grade gold field in Aust
Slide 9: Geology of Nobles
Se PAN AFRICAN RESOURCES
Slide 10: Geological Setting and Deformation
XXX GEOLOGICAL SETTING AND DEFORMATION The Tennant Creek Mineral Field Geological setting • The gold, copper and bismuth mineralisation is hosted within the Warramunga Formation • The geology is characterised by: • Major period of deformation, forming east-west trending, sub-horizontal upright folds
Slide 11: Geological Setting and Deformation
XXX GEOLOGICAL SETTING AND DEFORMATION The Tennant Creek Mineral Field Mineralisation • Gold, copper and bismuth deposits are mainly hosted within ironstones in the Warramunga Formation: • Associated with stratigraphically occurring hematite rich shales, which were altered during deformation • Commo
Slide 12: The Crown Pillar Stockpile
Se PAN AFRICAN RESOURCES, THE CROWN PILLAR STOCKPILE
Slide 13: First Feed Source for the Operation
XXX FIRST FEED SOURCE FOR THE OPERATION 1,26Mt Stockpile The event • On the morning of 11th August 1967, Nobles underground mine’s crown pillar collapsed • The collapse occurred over a mining void, which was stopped within 25m from surface • The diameter of the sink-hole reached up to 50m • The main
Slide 14: Exploration
Se PAN AFRICAN RESOURCES
Slide 15: Brownfields Exploration
XXX BROWNFIELDS EXPLORATION The TCMG Approach Historical data Tennant Mines Mineral Reserves and Mineral Resources • The Tennant Creek Mineral Field (TCMF) has a rich mining and exploration history • Mining in the TCMF ceased during 1985 – early 2000’s, with the prevailing gold price of US$250-500/o
Slide 16: Greenfields Exploration
XXX GREENFIELDS EXPLORATION New Technology Prospectivity • All previously explored deposits are within 150m below surface and ironstone hosted • New Magnetic Inversion modelling identified continued down-dip extensions and deep-seated connectivity between proximal deposits • Magnetic destruction zon
Slide 17: Project Commissioning
Se N AFRICAN Pa RESOURCES
Slide 18: Project Commissioning
XXX PROJECT COMMISSIONING Recommencing operations in Tennant Creek Commissioning • Tennant Mines constructed an 840ktpa CIL plant within budget and ahead of schedule. The second project being successfully delivered in the Group within 12 months • Total construction period of 12 months • This is the
Slide 19: Project Commissioning: FY26 Budget
XXX PROJECT COMMISSIONING FY26 budget Tennant Mines Production by Ore Source & Weighted Head Grade 80 000 3,00 Outlook for FY26 70 000 2,50 • Production mainly from the CPS supplemented 60 000 by open pit mines (Weabers Find, Rising Sun and Nobles 2,00 50 000 • Production guidance of 47-52koz/year,
Slide 20: Project Commissioning: Life-of-Mine
XXX PROJECT COMMISSIONING Life-of-Mine Mineral Reserve Production Profile 120 000 100Koz AISC Life-of-mine modelling 100 000 US$1,100/oz 86Koz AISC US$1,800/oz • The current LOM model comprise various Gold Production (oz) 80 000 open pit mines supplemented with high-grade, 63Koz shallow underground
Slide 21: Future Work
Se RESOURCES N AFRICAN Pa
Slide 22: Future Work: Increasing Mineral Resources
XXX FUTURE WORK Increasing Mineral Resources The TCMF is highly prospective for greenfields discoveries. Exploration technologies, interpretations and ideas have also advanced tremendously over the last 20 years, since the cessation of mining operations in the TCMF. Exploration techniques are now mo
Slide 23: Thank you
XXX Thank you Hethen Hira hhira@paf.co.za +27 (11) 243 2900 OTCQX: PAFRF/PAFRY | AIM: PAF | JSE: PAN www.panafricanresources.com 23