Tinka Resources Limited · TSXV:TK
Tinka Resources — Investor Presentation (December 2024)
30 slides from Tinka Resources's investor presentation, Dec 4, 2024
Slide 1: Ayawilca – One of the largest polymetallic zinc deposits in the Americas
AYAWILCA – One of the largest polymetallic zinc deposits in the Americas - significant exploration upside for zinc, silver & tin Corporate Presentation – December 4, 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 largest undeveloped zinc resources in the Americas, with significant silver and tin credits. Excellent Local Infrastructure: Located in a major mining district, the project is road accessible with electrical power ava
Slide 4: Leadership and Strategic Investors
LEADERSHIP Graham Carman, PhD Geology, Jorge Gamarra, BSc. Geology, FAUSIMM MBA President and CEO Graham is a geologist who worked in Peru for Project Manager - Ayawilca Rio Tinto and Savage-Pasminco in the 1990’s Jorge is an exploration geologist with before moving into corporate management, experi
Slide 5: Capital Structure
CAPITAL STRUCTURE Shares Outstanding 391,303,927 Options ($0.25) 15,497,500 Market Cap C$40 M Share Price C$0.105 (at Nov. 30, 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% • 7
Slide 6: Elephant Country
“ELEPHANT COUNTRY” Major mines and infrastructure of Central Peru ➢ Central Peru is a world class mineral belt, hosting a variety of large base and precious metal deposits including Antamina (Cu-Zn), Cerro de Pasco (Cu- Au-Ag) and Pierina (Au). ➢ Ayawilca located ~ 250 km from Lima (Callao Port, Nex
Slide 7: Ayawilca Deposits
AYAWILCA DEPOSITS ➢ 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 – the deposit has a large footprint. ➢ Major reinterpretation foll
Slide 8: Ayawilca – 2022/23 Drill Results
AYAWILCA – 2022/23 DRILL RESULTS ➢ Exceptional drill results from the 2022/23 drill program led to a Selected Results from 2022/23 Drill Program reinterpretation of the geological model. A22-195 6.0m @ 18.8% Zn incl. 3.0m @ 27.7% Zn ➢ The model was significantly modified - wireframes changed from st
Slide 9: Ayawilca – Spectacular Zinc Grades
AYAWILCA – SPECTACULAR ZINC GRADES 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 9 | TSXV: TK
Slide 10: Ayawilca – 2024 PEA
AYAWILCA – 2024 PEA ➢ Underground mine with a run-of-mine 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. To be optimised later (PFS) ▪ Long life-of-mine : 21-year LOM for zinc,
Slide 11: 2024 PEA: Simplified Process Zn & Sn
AYAWILCA – 2024 PEA: SIMPLIFIED PROCESS Zn & Sn TIN CIRCUIT 3,000 dmt Sn conc / yr (av.) ZINC-SILVER-LEAD CIRCUIT 180,000 dmt Zn conc / yr (av.) 5,500 dmt Ag-Pb conc / yr (av.) TSX-V: TK I TinkaResources.com 11 | TSXV: TK
Slide 12: Ayawilca – Exploration Upside (Zinc, Tin, Silver)
AYAWILCA – EXPLORATION UPSIDE (Zinc, Tin, Silver) • Tin Zone: mostly a flat- SW South Ayawilca NE dipping body of Central Ayawilca A A’ massive sulphide (po, py, carb, qtz, Ag Zone cassiterite, Tin Zone tourmaline) Zinc (indicated) Tin Zone Siltstone • Contact at limestone Zone Zinc Zone (inferred)
Slide 13: East Ayawilca – Zinc Exploration Target (Priority 1)
EAST AYAWILCA – Zinc Exploration Target (Priority 1) • Tinka will be targeting an expansion of Zinc Zone mineral resources at East Ayawilca in early 2025 West Ayawilca wireframe East Ayawilca target body, with proposed drill holes 58 m @ 6.1% Zn (A14-18) in two intervals (not followed up) TSX-V: TK
Slide 14: 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-g
Slide 15: Zinc Fundamentals
ZINC FUNDAMENTALS 12-month zinc price POSITIVE FUNDAMENTALS AS GROWING DEMAND FROM US$1.40/lb TRANSPORT, CONSUMER, INDUSTRIAL AND RENEWABLE SECTORS US$1.10/lb ➢ Protecting steel against corrosion is the most important market for zinc, representing 60% of global demand. Zinc Supply and Demand (Mt Zn)
Slide 16: ESG
ESG Tinka has strong relationships with the communities and a great local team • Tinka is committed to fostering long-term sustainable relationships with our stakeholders. • Agreements in place with two communities and staff that are embedded within the communities. • The Company provides employment
Slide 17: World-Class Exploration Targets: 280 sq. km
WORLD-CLASS EXPLORATION TARGETS: 280 SQ. KM Silvia mining claims: 10,900 ha Ayawilca mining claims: 16,800 ha N Silvia NW Cu-Au Up to 12% Cu in rocks Up to 18.0 g/t Au in rocks Acquired from BHP for 1% royalty in 2021 Three areas of Cu-Au outcrop (Areas A, B, C) Area “A” Silvia South Cu-Au Ayawilca
Slide 18: Area A Silvia NW Copper-Gold
“AREA A” SILVIA NW 1.0 m @ 1.2% Cu & 2.9g/t Au 8m @ 0.5% Cu & 0.3g/t Au Copper-Gold 2m @ 1.3% Cu & 0.7g/t Au property 4m @ 0.2% Cu & 0.2g/t Au 16m @ 0.5% Cu & 0.3g/t Au Open Open 34m @ 0.4% Cu & 0.2g/t Au Geology 3.5 m @ 0.3% Cu & 0.2g/t Au Cover (scree, alluvium) 8m @ 0.7% Cu & 0.2g/t Au Quartz Dio
Slide 19: Area A – Silvia NW (Viewing South)
“AREA A” – SILVIA NW (viewing South) ➢ Silvia NW is a 4km strike length copper- gold exploration target with skarn outcrops Dip ➢ “Area A” : 500 m strike length and up to Limit of skarn outcrop 100 m wide, undrilled. Area A Silvia NW – viewing to south ➢ Surface trench samples include: ▪ 46m @ 1.9 g
Slide 20: Planned 12 Month Work Program
PLANNED 12 MONTH WORK PROGRAM Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Financing Drilling – Ayawilca resource expansion & optimization Resource update Negotiate community ags Strategic review Silvia NW – Final drill permit IP geophysics – Silvia NW Initial drill program at Silvia (subject to funding)
Slide 21: Why Tinka?
WHY TINKA? ➢ Scarcity value: Tinka owns one of the largest undeveloped zinc deposits in the Americas, tin and silver also add value to PEA. ➢ Clear strategy going forward: Planned exploration drilling in 2025: focused on increasing high-grade resources at flagship Ayawilca Zn-Ag-Sn project; advancin
Slide 22: 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
Slide 23: 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 24: Ayawilca – Big Geological Structures
AYAWILCA – BIG GEOLOGICAL STRUCTURES RTE ground Open magnetics (vertical N derivative) ➢ Major controlling East structures. Ayawilca Open target ➢ Zinc mineralization A14-18 occurs near margins or ? close to magnetic WEST AYAWILCA anomalies. Indicated Resource 14.5 Mt @ 5.1% Zn ➢ East area interpret
Slide 25: East Ayawilca – Zinc Exploration Target
EAST AYAWILCA – Zinc Exploration Target East Ayawilca target for 2025: West Ayawilca East Ayawilca ➢ One drill hole with strong target zinc mineralization: 21 m @ 6.1% Zn, 0.2% Pb & 13 g/t Ag and 37 m @ 6.1% Zn, 0.4% Pb & 10 g/t Ag – was NOT FOLLOWED UP. ➢ Similar skarn sulphide 58m @ 6.1% Zn (two z
Slide 26: Ayawilca: Cross Section of Zinc Zone
AYAWILCA: CROSS SECTION OF ZINC ZONE South North 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 26 | TSXV: TK
Slide 27: Tin Zone – 060 Fault Untested Feeder Structure
TIN ZONE – “060 Fault” untested feeder structure A14-18 • 1 km strike of HG A14-24 tin Existing Indicated • More drilling A14-18 platform Zinc Zone Resources needed to define high-grade areas and depth extents A13-01 A15-40 A23-219 plaform West A13-12A A13-04 TIN ZONE – Drill intercepts A13-11 A15-4
Slide 28: 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$22/oz Avg. annual Zn concentrate pro
Slide 29: Zinc Zone Mineral Resource (SLR, Jan. 2024)
ZINC ZONE MINERAL RESOURCE (SLR, Jan. 2024) Grade Contained Metal Classification/ Tonnage NSR Zone (Mt) ($/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 30: 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
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