Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Investor Presentation (April 2025)
21 slides from Tolu Minerals's investor presentation, Apr 3, 2025
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 3 April 2025 Corporate Presentation The Directors of Tolu Min
Slide 2: Tolukuma Project
For personal use only ASX:TOK, OTCQX:TOLUF ARBN 657 300 359 1-125888 Tolukuma Project Iain Macpherson, Chris Muller March 2025 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 prese
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: For personal use only ➢ 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
Slide 4: Tolukuma Gold Mine overview and vision
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: 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 For personal use only 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
Slide 6: 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 7: Gold Mine – Airborne MT Survey
Tolukuma Gold Mine – Airborne MT Survey For personal use only ➢ State of the art geophysics ➢ Electrical resistivity imaging of the top 1 to 1.5km with complementary VLF data providing near surface conductivity information to define geological structures related to gold mineralisation, as well as ma
Slide 8: Gold Mine – Airborne MT Survey
Tolukuma Gold Mine – Airborne MT Survey ➢ Airborne MT survey completed over the Tolukuma, Ipi River and Mt Penck areas, including a higher resolution survey over the ML area where cutting edge Lineament Analysis modelling is complete For personal use only ➢ Modelled magnetics demonstrates continuing
Slide 9: Gold Mine – Airborne MT Survey
Tolukuma Gold Mine – Airborne MT Survey For personal use only Two Year Strategy: production/expansion/delivery Mineralogical Zones and Lineament Analysis High resolution targeting 8
Slide 10: Gold Mine – Access Road
Tolukuma Gold Mine – Access Road ➢ Complete the remainder of the circa 60 km access road connecting the mine to the Tapini road and Port Moresby; ➢ Strong community and government support; ➢ Work commenced in December 2023 after the completion of the IPO; ➢ The contractor is an experienced and credi
Slide 11: Issues and Solutions
ISSUES AND SOLUTIONS The previous failure of the Tolukuma Gold Mine was underpinned by four key factors – Tolu is addressing all four factors For personal use only ➢ High historical logistics costs – Access road construction The Mine was 100% supported by helicopter logistics because the access road
Slide 12: Development Strategy
Tolukuma Development Strategy Dec 2023 Dec 2024 Near Mine Exploration For personal use only Exploration MT Survey Strategy Regional Exploration Access Road development Base Line Study Planning Engineer, Procure, Construct full scale Tailings, HV reticulation, Resource Targets, Process Plant and TMS
Slide 13: Gold Plant Optimisation
Gold Plant Optimisation ➢ Low opex start up ➢ Modular and expandible ➢ Recovery enhancement opportunities For personal use only ➢ Hot commissioning underway in preparation for production Early return to production and revenue contribution 12
Slide 14: Phased Dewatering Strategy
Phased Dewatering Strategy ➢ First target level 1545mRL For personal use only ➢ Achieved through siphoning and pumping ➢ Allows access to Miliahamba and Fundoot ➢ Will be maintained through new dewatering holes punched from inside the mine ➢ Second target level 1440mRL ➢ Achieved through Northern ac
Slide 15: Mining
Mining ➢ Accessing upper workings ➢ Face and stockpile sampling completed ➢ Refurbishment of rockdrills For personal use only underway ➢ Establishing crews ➢ Mobile equipment refurbishment completed, supplemented by new orders ➢ Ventilation survey completed ➢ First production Q1 2025 Measured ramp u
Slide 16: Capital raised and OTC quotation
For personal use only ASX:TOK, OTCQX:TOLUF 26 Feb 25 ➢ Tolu have raised circa AU$67 million: ➢ OTC quotation, which: ➢ AU$11.3 pre-IPO @ AU$0.37 ➢ Broadens market exposure ➢ AU$17.3 IPO @ AU$0.50 ➢ Increases US participation ➢ AU$2.2 – stock component of road contract on ➢ Broadens shareholder base
Slide 17: Contacts
Contacts For personal use only Iain Macpherson +27 76 238 4461, + 61 428 912 245, +675 7202 7320 MD & CEO iain.macpherson@toluminerals.com Chris Muller +61 400 479 848, +675 8255 6013 Executive Group Geologist chris.muller@toluminerals.com Vern Wills +61 418 912 664 Strategic Corporate Advisor vern.
Slide 18: 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 19: 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 20: 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 21: 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