Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Investor Presentation (April 2024)
18 slides from Tolu Minerals's investor presentation, Apr 15, 2024
Slide 1: Corporate Presentation
Tolu Minerals Limited PNG CR Company Camp, Baruni Road, National Capital District, Papua New Guinea Company Registration No.: 1-125888 Level 2, 52 Merivale Street, South Brisbane, QLD 4101, Australia www.toluminerals.com ARBN: 657 300 359 15 April 2024 Corporate Presentation The Directors of Tolu Mi
Slide 2: Tolukuma Project
ASX:TOK, OTCQX:TOLUF ARBN 657 300 359 1-125888 Tolukuma Project Iain Macpherson April 2024 This document is not a prospectus and does not contain all of the information that an investor may require in order to make an informed investment. All geological data presented in this document, including, bu
Slide 3: Tolukuma Gold Mine: Papua New Guinea
Tolukuma Gold Mine: Papua New Guinea ➢ PNG is located on the Pacific Ring of Fire. It is host to: ➢ Prolific gold/copper mineralisation ➢ Many operating mines ➢ 100km as the crow flies from Port Moresby ➢ 60 km as the crow flies from the main North- South Hiritano Highway ➢ 35 km as the crow flies f
Slide 4: Tolukuma Gold Mine
Tolukuma Gold Mine ➢ Fully self-contained mine with 20 years’ high-grade gold & silver operating history – circa 1 moz produced at 15g/t Au recovered ➢ Significant Mineral Resource Estimate in place ➢ Huge exploration upside both on and adjacent to the mine and also on the broader Tolukuma Structure
Slide 5: Tolukuma Structure – c. 1,500km2 Exploration Upside
Tolukuma Structure – c. 1,500km2 Exploration Upside 7 exploration licenses on strike and parallel mineralised structures to Tolukuma gold mine Additional EL application underway and a number of further targets Building a material mineral resource pipeline around Tolukuma Potential for a major discov
Slide 6: Tolukuma Mineral Resource Estimate
Tolukuma Mineral Resource Estimate AMC reported an Inferred Mineral Resource as of 18 August 2022:1 ➢ 1.6 M tonnes @ 10 g/t Au and 38 g/t Ag ➢ Contained metal 503 Koz Au and 1.9 Moz Ag ➢ Cut – off grade 3 g/t Domain Tonnes (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz) Zine 488,000 9 43 146,000 673,000 Zine
Slide 7: Near Tolukuma Mine: Gold Prospects
Near Tolukuma Mine: Gold Prospects Based on the MRE tonnes and grades, extension of the Tolukuma vein system 2km to the SSE, grades of the Miliahamba prospect drilling, grades from drilling at Taula, Sisimonda and Kimono, grades and tonnage of the Saki Inferred Resource and trench sampling grades fr
Slide 8: Tolukuma Project – Resource conversion
Tolukuma Project – Resource conversion Three main areas above the current water level have been identified as being most appropriate for the initial resource upgrade: ➢ Tinabar Top, +1563m RL: 16.87 g/t @ 5g/t cut off ➢ Zine Top, +1563m RL: 13.16 g/t @ 5g/t cut off ➢ Gulbadi: 12.04 g/t @ 5 g/t cut o
Slide 9: Tolukuma Gold Mine – Access Road
Tolukuma Gold Mine – Access Road ➢ Complete the remaining 23 km of the 70 km access road connecting the mine to the Tapini road and Port Moresby; ➢ Strong community and government support ➢ Work commenced in December after the completion of the IPO; ➢ The contractor is an experienced and credible ci
Slide 10: Tolukuma Project – historical copper showings
Tolukuma Project – historical copper showings Copper – for the future 9
Slide 11: Mt Penck
Mt Penck 204 km2 epithermal gold/silver project on the prolific Kulu-Simi trend, adjacent to the coast with good logistics ➢ +11,000 m drilling ➢ Aeromag and IP geophysical surveys ➢ Extensive trenching and pitting 3 priority targets identified within a broader 12km2 hydrothermal zone ➢ Main targets
Slide 12: Use of Funds
USE OF FUNDS Use of Funds 0 to 6 months 6 to 12 months 12 to 18 months Minimum Maximum Minimum Maximum Minimum Maximum Subscription Subscription Subscription Subscription Subscription Subscription A$ A$ A$ A$ A$ A$ Pilot access service road 936,000 936,000 864,000 864,000 – – General mobilisation 58
Slide 13: ASX:TOK, OTCQX:TOLUF
ASX:TOK, OTCQX:TOLUF ➢ OTC quotation, which: ➢ Tolu have raised circa AU$30 m: ➢ Broadens market exposure ➢ AU$11.3 pre-IPO @ AU$0.37 ➢ Increases US participation ➢ AU$17.3 IPO @ AU$0.50 ➢ Broadens shareholder base ➢ AU$2.2 – stock component of road contract on completion milestones ➢ Increases comp
Slide 14: Contacts
Contacts Iain Macpherson +27 76 238 4461, + 61 428 912 245, +675 7202 7320 MD & CEO iain.macpherson@toluminerals.com Vern Wills +61 418 912 664 Strategic Corporate Advisor vern.wills@enhance.net.au 13
Slide 15: Disclaimer and Important Information
Disclaimer and Important Information Important notice These presentation slides (the “Slides”) have been issued by Tolu Minerals Limited (the “Company” or “Tolu”) in relation to an update on activities by the Company. These Slides do not comprise an admission document, listing particulars or a prosp
Slide 16: Disclaimer and Important Information
Disclaimer and Important Information Investment risks All investments in securities are subject to known and unknown risks, including an investment in Tolu shares. Some of these risks are beyond the control of Tolu and its directors and officers, and Tolu does not guarantee any particular rate of re
Slide 17: Disclaimer and Important Information
Disclaimer and Important Information Disclaimer To the maximum extent permitted by law, the Company each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents, consultants an
Slide 18: Disclaimer and Important Information
Disclaimer and Important Information Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves were last reported by the Company in compliance with the 2012 Edition of the JORC Australasian Code for Reporting of Explorati