Tinka Resources Limited · TSXV:TK
Tinka Resources — Investor Presentation (October 2024)
26 slides from Tinka Resources's investor presentation, October 2024
Slide 1: Ayawilca – One of the Largest Undeveloped Zinc Deposits in the Americas
AYAWILCA – ONE OF THE LARGEST UNDEVELOPED ZINC DEPOSITS IN THE AMERICAS WITH SILVER & TIN UPSIDE Corporate Presentation – October 2024 TSXV: TK www.tinkaresources.com
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Tinka Resources Limited (“Tinka” or the “Company”), nor shall it or any part of it form the bas
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Significant Mineral Resource: Ayawilca represents one of the Americas’ largest undeveloped primary zinc resources, with significant silver and tin credits. Excellent Local Infrastructure: Located in a major mining district, the project is road accessible with electrical power a
Slide 4: Leadership
LEADERSHIP Graham Carman, PhD Geology, Jorge Gamarra, BSc. Geology, MBA FAUSIMM President and CEO Project Manager - Ayawilca Graham is a geologist who worked in Peru for Rio Jorge is an exploration geologist with experience in Tinto and Savage-Pasminco in the 1990’s before both Peru and Nevada with
Slide 5: Capital Structure
CAPITAL STRUCTURE Shares Outstanding 391,303,927 Options ($0.25) 15,497,500 Market Cap C$42.0M Share Price C$0.11 (at Oct. 10, 2024) Cash & Equivalent C$3.2M (at Jun. 30, 2024) Debt nil Ownership Buenaventura 19% 27% Nexa Resources Sentient Equity Partners 3% 18% Institutions Mgmt & Insiders 14% ~70
Slide 6: Regional Setting
REGIONAL SETTING ➢ Ayawilca is located on the eastern side of the Andes in Central Peru, ~ 60km by road from Cerro de Pasco, the regional capital and an important mining supply center. ➢ Central Peru is a world class mineral belt, hosting a variety of base and precious metal deposits including Antam
Slide 7: Ayawilca
AYAWILCA ➢ One of the largest undeveloped zinc resources in the Americas, containing 6,500 Mlb zinc in resources, with significant tin and silver credits. ➢ Discovered by Tinka in 2013 - 95,000m of drilling completed to date. ➢ Major reinterpretation following 2023 drill program resulted in updated
Slide 8: Ayawilca – 2024 PEA
AYAWILCA – 2024 PEA ➢ Underground mine with a run-of-mine (ROM) production rate of 2.0 Mtpa zinc-silver-lead and 0.3 Mtpa tin in two separate circuits: ▪ Robust economics: NPV 8% of US$434 million after-tax , and IRR of 25.9% after-tax. ▪ Long life-of-mine : 21-year LOM for zinc, 15-year LOM for tin
Slide 9: Ayawilca – 2022/23 Drill Program
AYAWILCA – 2022/23 DRILL PROGRAM ➢ Exceptional drill results from the 2022/23 drill program led to a reinterpretation of the geological model. Selected Results from 2022/23 Drill Program ➢ The model was significantly modified - wireframes changed from A22-195 6.0m @ 18.8% Zn incl. 3.0m @ 27.7% Zn st
Slide 10: Ayawilca – Controlling Faults
AYAWILCA – CONTROLLING FAULTS RTE ground Open magnetics (vertical N derivative) New geological interpretation: East Ayawilca ➢ East Ayawilca interpreted to Open target… be displaced 500 metres by Offset ~400 post-mineral faulting – significant exploration metres to the ? opportunity given paucity of
Slide 11: Ayawilca - Upside
AYAWILCA - UPSIDE East Ayawilca target ➢ Significant opportunities identified to improve zinc resources and W Cross Section E Proposed holes bring higher-grade mineralization into the middle years of the mine (in blue) plan. WEST Indicated Resource 14.5 Mt @ 5.1% Zn, ➢ 2024/25 to focus on: 14 g/t Ag
Slide 12: Silvia Copper-Gold Project
SILVIA COPPER-GOLD PROJECT ➢ Silvia Project acquired from BHP in 2021 - significant copper-gold exploration target. Dip ➢ Early-stage copper-gold skarn, 500 m of strike Limit of skarn outcrop Area A length and up to 100 m wide. Silvia NW – viewing to south ➢ Surface trench samples include: Trench ▪
Slide 13: Peer Group & Valuation
PEER GROUP & VALUATION ➢ Very few globally significant zinc development projects are held within junior exploration and development companies. ➢ Tinka’s Ayawilca project is attractively valued, representing one of the cheapest zinc projects on an EV/ Resource basis. ➢ Tinka has the second largest in
Slide 14: Zinc Fundamentals
ZINC FUNDAMENTALS 12-month zinc price POSITIVE FUNDAMENTALS AS GROWING DEMAND FROM TRANSPORT, CONSUMER, INDUSTRIAL AND RENEWABLE SECTORS ➢ Protecting steel against corrosion is the most important market for zinc, representing 60% of global demand. ➢ Increasing “green energy” uses - integral to the c
Slide 15: Why Tinka?
WHY TINKA? ➢ Scarcity value: Tinka owns one of the largest undeveloped zinc deposits in the Americas. ➢ Well located: Excellent infrastructure, power to site, water access, road network close to ports and a zinc smelter ➢ Robust Economics: 2024 PEA demonstrates a 21-year mine life, returning a post
Slide 16: Appendices
APPENDICES TSX-V: TK I TinkaResources.com
Slide 17: Management & Directors
MANAGEMENT & DIRECTORS President and CEO: Graham Carman, PhD Geology, FAUSIMM; Dr. Graham Carman is a geologist and entrepreneur with years of world-wide experience in minerals exploration for gold and base metals. Graham lived and worked in Peru for several years with Rio Tinto and Savage-Pasminco
Slide 18: Mining Claims - Magnetics
MINING CLAIMS - MAGNETICS Silvia mining claims: 10,900 ha Ayawilca mining claims: 16,800 ha N Held by Darwin Peru SAC. Held by Tinka Resources (Peru) SAC. Silvia NW Cu-Au Up to 12% Cu in rocks Up to 18.0 g/t Au in rocks Expected to be fully drill permitted Q1 2025 Silvia South Cu-Au Ayawilca Up to 7
Slide 19: Mining Claims - Geology
MINING CLAIMS - GEOLOGY Silvia NW Cu-Au Up to 12% Cu in rocks Up to 18.0 g/t Au in rocks Expected to be fully drill permitted Q1 2025 Silvia South Cu-Au Ayawilca Up to 7.5% Cu in rocks Project Raura Cu Mine Up to 0.7 g/t Au in rocks 0 10 KILOMETERS TSX-V: TK I TinkaResources.com 19 | TSXV: TK
Slide 20: Ayawilca – Cross Section
AYAWILCA – CROSS SECTION West Ayawilca South Ayawilca Legend Upper Goyllar Mid Goyllar Lower Goyllar 0 250 Pucara Limestone Excelsior Phyllite metres Pipe-like zinc sulphide bodies at South and West Ayawilca highlighted by TSX-V: TK I TinkaResources.com 20 | TSXV: TK
Slide 21: Ayawilca – Core Photos
AYAWILCA – CORE PHOTOS West Ayawilca : 16 metres @ 22% Zn (A22-220) South Ayawilca : 39 m @ 20% Zn incl. 10 m @ 42% Zn (A22-202) TSX-V: TK I TinkaResources.com 21 | TSXV: TK
Slide 22: Ayawilca 2024 PEA - Highlights
AYAWILCA 2024 PEA - HIGHLIGHTS BASE CASE METAL PRICES & EXCHANGE RATE ASSUMPTIONS INPUT VALUE OPERATING SUMMARY Zinc price US$1.30/lb Processing plant throughput Zn/Ag/Pb 2.0 Mt/year Lead price US$1.00/lb Processing plant throughput Sn 0.3 Mt/year Silver price US$22/oz Avg. annual Zn concentrate pro
Slide 23: Zinc Zone Mineral Resource (SLR, Jan. 2024)
ZINC ZONE MINERAL RESOURCE (SLR, Jan. 2024) Grade Contained Metal Classification/ Tonnage NSR Zone (Mt) ($/t) (% Zn) (g/t Ag) (%Pb) (g/t In) (Mlb Zn) (Moz Ag) (Mlb Pb) (t In) Indicated South 13.8 128 6.64 19.3 0.2 120 2,020 8.6 52 1,655 West 14.5 98 5.05 13.6 0.2 64 1,618 6.3 56 927 Total Indicated
Slide 24: Silver Zone Mineral Resource (SLR, Jan. 2024)
SILVER ZONE MINERAL RESOURCE (SLR, Jan. 2024) Tonnage NSR Grade Contained Metal Classification (Mt) ($/t) (% Zn) (g/t Ag) (%Pb) (g/t In) (Mlb Zn) (Moz Ag) (Mlb Pb) (t In) Inferred 1.0 100 1.54 111.4 0.5 3 35 3.7 12 3 Notes: 1. CIM (2014) definitions were followed for Mineral Resources. 2. The Minera
Slide 25: Tin Zone Mineral Resource (SLR, Jan. 2024)
TIN ZONE MINERAL RESOURCE (SLR, Jan. 2024) Tonnage NSR Grade Contained Metal Classification (Mt) ($/t) (% Sn) (Mlb Sn) Indicated 1.4 99 0.72 22 Inferred 12.7 104 0.76 213 Notes: 1. CIM (2014) definitions were followed for Mineral Resources. 2. The Mineral Resources have been reported within undergro
Slide 26: Contacts
CONTACTS Graham Carman, President and CEO gcarman@tinkaresources.com Mariana Bermudez, Corporate Secretary info@tinkaresources.com Tim McNulty, Corporate Communications tmcnulty@tinkaresources.com Phone: 1.604.290.8100 Tinka Resources Suite 1305 – 1090 West Georgia St Vancouver, BC V6E 3V7 Canada TS
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