Titan Mining Corp. · TSX:TI
Titan Mining — Shareholder Meeting (June 2018)
17 slides from Titan Mining's shareholder meeting presentation, Jun 21, 2018
Slide 1: The Newest U.S. Zinc Producer
TSX: TI THE NEWEST U.S. ZINC PRODUCER LEVERING EXCESS CAPACITY TO DRIVE CASH FLOW GROWTH ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS JUNE 21, 2018 TSX: TI
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains "forward-looking information" within the meaning of Canadian permits and obtaining all other required approvals, licenses and permits on favourable securities laws. In some cases, forward-looking information can be identified by the use of terms
Slide 3: Titan Investment Highlights
Titan Investment Highlights Toronto Stock Exchange Symbol TI Shares Outstanding 102.0 million Empire State Market Capitalization (as of 6/19/2018) C$141 million Mine Cash & Cash Equivalents (as of 3/31/2018) $12 million Long-Term Debt (as of 3/31/2018) Nil Experienced Proven track record – the Aug
Slide 4: The Augusta Group Track Record
The Augusta Group Track Record Extraordinary shareholder value realized through excellence in exploration and development(1) La Bodega gold project (Colombia) Rosemont copper project (Arizona) SOLD for ~C$1.6B in 2011 SOLD for ~C$666M in 2014 12,960% Share Price Increase 3,300% Share Price Increase
Slide 5: Empire State Mines: Reviving a 100-Year-Old Zinc District
Empire State Mines: Reviving a 100-Year-Old Zinc District Established mining district in northern New York State • Empire State Mine #4 mine (restarted) and six historic mines • Historic production – 44M tons milled at average grade of 9.4% zinc • >80,000 acres of mineral rights controlled by Titan
Slide 6: Underutilized Mine and Mill Complex
Underutilized Mine and Mill Complex Mill recommissioned and first ore hoisted on schedule and budget • Mill – 5,000 tpd capacity • #4 shaft adjacent to mill – 3,800 tpd capacity(1) Office building and 3,800 tpd shaft Underground development commenced • Fully-developed access to multiple levels • Sec
Slide 7: Localization: Local Employment
Localization: Local Employment Total Workforce at Empire State Mine 250 • Commitment to investing in the local 229 workforce • Since the start of the project, the workforce has grown from 24 to more than 200 200 people (74% are local) • ESM is working with the NYS Department of Labor, NYS Power Auth
Slide 8: Training and Localization: Underground Basic Training Program
Training and Localization: Underground Basic Training Program • 13 week training program • First of 10 sessions started April 23 • Transition from mining contractor over the next 12 months • Trainees are paid as full-time employees, benefits are also provided First Class of Local Trainees TSX: TI 8
Slide 9: Local Economic Impact
Local Economic Impact • Providing business for local restaurants, bars, Increase in Sales motels, B&B $275,000 (Taxes Collected) $270,000 • Purchasing prescription safety glasses from the local optician $265,000 $260,000 9% increase • Supporting other local vendors for the services, $255,000 supplie
Slide 10: Three-Pronged Growth Strategy
Three-Pronged Growth Strategy Cash flow growth from levering excess shaft and mill capacity Fill the shaft (3,000 tpd) and extend mine life with near-mine mineral resource additions Fill the mill (5,000 tpd) with economic deposits identified through district and regional exploration Modernize
Slide 11: Filling the Shaft (3,000 tpd) – New Near-Mine Mineralized Zones
Filling the Shaft (3,000 tpd) – New Mahler Near-Mine New Fold Mineralized Zones Mud Pond Empire State Mine #4 Mine • #2 Deep - potential extension of zone mined in historic #2 mine; 1,300 feet east of #4 shaft; unmined historic mineralized Fowler Sylvia Lake material 931,000 tons at diluted grade of
Slide 12: Filling the Mill (5,000 tpd)
Filling the Mill (5,000 tpd) Exploration – 2018 budget US$5M • Sully/West Branch – follow up on high-grade intercepts: 19.5 feet at 16.7% Zn, 10.3 feet at 22.6% Zn, 5.8 feet at 34.1% Zn; test for lateral and vertical extensions • Gap Zone – potential down-plunge extension of known mineralized zones
Slide 13: Filling the Mill (5,000 tpd) cont’d
Filling the Mill (5,000 tpd) cont’d New district opportunities Pierrepont • Untested geophysical targets generated from 2008 VTEM • North Gouverneur and Moss Edwards Ridge SW Hyatt • Gravity survey #1 Mine #2 Mine #3 Mine #4 Mine TSX: TSX: TI TI 13
Slide 14: Growth Strategy – Modernization
Growth Strategy – Modernization Improving productivity through innovation Operate through shift change with the use of tele-remote equipment Use location data and short interval control to manage the movement of machines and people Target 20-40% increase in productivity Implementation has st
Slide 15: Modernization – Driving Growth, Improved Efficiencies and Lower Costs
Modernization – Driving Growth, Improved Efficiencies and Lower Costs Modernization has started – advancing towards 1,800 tpd milestone Opportunities exist to reduce capital costs New technology is off-the-shelf – proven and available TSX: TI 15
Slide 16: A Catalyst-Rich Path to Phase 1 Production Milestone
A Catalyst-Rich Path to Phase 1 Production Milestone • Refurbishment of existing infrastructure and equipment Re-commissioning • Reconditioning and re-starting the mobile equipment fleet (Q4 2017) • General rehabilitation of the underground workings First ore skipped • Development of new ramps, dr
Slide 17: For More Information Contact
Table Style TSX: TI www.titanminingcorp.com FOR MORE INFORMATION CONTACT: Jerrold Annett Senior Vice President, Corporate Development 416-366-5678 Ext. 207 jannett@titanminingcorp.com Jacqueline Allison Vice President, Investor Relations and Strategic Analysis 416-366-5678 Ext. 205 jallison@titanmin