Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Investor Presentation (April 2020)
24 slides from Theta Gold Mines's investor presentation, Apr 22, 2020
Slide 1: Investors Presentation: 5 Year Production Plan and Optimised Starter-pits
THETA GOLD MINES LIMITED For personal use only Investors Presentation 5 Year Production Plan and Optimised Starter-pits April 2020 ASX: TGM, TGMO | OTCQB: TGMGF
Slide 2: Disclaimer
Disclaimer For personal use only Forward looking and cautionary statements Disclaimer and Competent Persons Statement This announcement or presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could DISCLAIMER be considered forward looking statements.
Slide 3: South Africa – Home of Mineral Wealth
The System For personal use only South Africa – Home of Mineral Wealth Over 2 Billion oz of gold produced Eastern Transvaal from Witwatersrand, approximately Gold Fields 40-50% of World’s gold production combined. Bushveld Complex is the largest igneous intrusion on earth: Pilgrim’s Rest Gold Fi
Slide 4: A Large Mining Asset Portfolio
A Large Mining Asset Portfolio For personal use only 62,000 Hectare tenements Group JORC Resources of 6Moz Au (44.8Mt @ 4.18g/t Au): 1.3 Moz open cut resources (13.08Mt @ 3.12g/t Au). Pilgrim’s Rest Gold Field Theta 4.5 Moz underground resources (26.3Mt @ 5.4g/t Au). Project Starter Pits Initi
Slide 5: Corporate Overview / Board of Directors
Corporate Overview / Board of Directors For personal use only Theta Gold Mines controls its own gold field – The Eastern Transvaal Gold Company Snapshot Fields ~437m Current global JORC Resources 6 Million Ounces Ordinary Shares Board/Management built 16 mining operations combined. Dual-listed
Slide 6: Project Company Board of Directors
Project Company Board of Directors For personal use only Transvaal Gold Mining Estates Ltd (TGME) Bill Guy Chairman Chairman - Theta Board (Ex-Jupiter Mines) Rob Thomson George Jenkins Terrence Mokale Hanlie Grobler Natasha Thomas- Managing Director CEO Director Director Kasangana Project Delivery P
Slide 7: Favourable Macro/Micro-economics for Theta Gold
Favourable Macro/Micro-economics for Theta Gold For personal use only Key Takeaways (Macro): Rand (ZAR) denominated gold price (per ounce) continuously breaking above historic highs. AUD/USD exchange rate below 10-year lows. ZAR/AUD exchange rate trading relatively flat between ~9 – 11.5 since
Slide 8: Roadmap for initial years – mines into production
Roadmap for initial 5 years – 4 mines into production For personal use only 9 Mining Rights - 62,000 hectares Northern tenements – Pilgrim’s Rest Goldfield Rietfontein UG (MR358/1016) Beta UG Theta Project Starter- pits (MR83) Theta Southern Southern tenements – Extension (MR341) Sabie Goldfield MR8
Slide 9: Theta Project Starter-pits (MR83) Optimised
Theta Project Starter-pits (MR83) Optimised For personal use only Major changes since Feasibility Study (May 2019): Increased annual throughput from 500Ktpa to 600Ktpa, mine life from 5 to 6.5 years (decision made due to the recent purchase of Ball Mill capable of processing up to 1.2Mtpa) Minin
Slide 10: Theta Project Starter-pits (MR83) Optimised
Theta Project Starter-pits (MR83) Optimised For personal use only 5,000 5.00 4,500 4.50 4,000 4.00 3,500 3.50 Recovered Oz 3,000 3.00 Grade (g/t) 2,500 2.50 2,000 2.00 1,500 1.50 1,000 1.00 500 0.50 - - 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67 70 73 76 79 82 85 Months Recove
Slide 11: Production from mines with shared infrastructure
Production from 4 mines with shared infrastructure For personal use only Theta Starter open-pits open (MR83) FS Optimised Theta extended open-pits pits (MR341) • Recover 234.06Koz Au over 6.5 years (600Ktpa production) •Currently approximately 500Koz open-pit resources to be converted • At US$1500/o
Slide 12: Theta Open-pits 3D Visual
Theta Open-pits 3D Visual For personal use only Ore bodies Bird-eye view: South to North Green: M/I Blue: Inf 1km MR83 Beta UG Theta Open-pits Underground view MR341 Theta Starter Open-pits Project sits within MR83 Ore bodies o Current completed FS includes three pits: Columbia Hill (Iota) + Theta
Slide 13: Rietfontein Underground Mine 3D Visual
Rietfontein Underground Mine 3D Visual For personal use only Rietfontein underground Mineral Resource - 2.88 Mt at 8.42g/t Au (for 0.8Moz)1, 31% indicated Rietfontein located 40km from processing plant Open at depth and along strike Underground access into Level 4 began February 2020, planni
Slide 14: ASX Peer #1 – Ramelius Resources Ltd
ASX Peer #1 – Ramelius Resources Ltd (ASX: RMS) For personal use only A 2-mining centers, multiple-mines operator: 2 Plants in Western Australia processing Share Price from over 5 mines (underground + open- pits) Production growth over past 5 years 5-7 years, 700% - 2000% increase through both M
Slide 15: ASX Peer #2 – Gold Road Resources Ltd
ASX Peer #2 – Gold Road Resources Ltd (ASX: GOR) For personal use only A billion-dollar company cornerstoned by controlling 50% of an entire gold belt: 6 years development since discovery in 2013 (50% JV with Goldfields Ltd) First gold pour in June 2019 with annual production targeting ~300Kozpa
Slide 16: 2020 Growth Catalysts
2020 Growth Catalysts For personal use only Upcoming Milestones: Why Invest Theta Gold： • Completion of tenders for plant • Discovery cost less than 1% construction and mining (US$12/oz) of current gold • Final MR83 amendment price approval • Production costs (AISC) will be • Complete Project Financ
Slide 17: Appendices
Appendices For personal use only Mature And Developed Gold Market Corporate Structure MR83 EIA amendment process JORC Resource Summary 17 Investor Presentation – April 2020 ASX: TGM, TGMO | OTCQB: TGMGF
Slide 18: Mature And Developed Gold Market
Mature And Developed Gold Market For personal use only IMPORT/ EXPORT RSA RESERVE BANK UNFINISHED GOLD/ PREMITS PRECIOUS (REGULATES GOLD DORE BAR METALS PRICES, TRADING REGULATOR; RSA AND TAXATION) Largest refinery in Africa. Registered under the London MINING OPERATIONS Bullion Market Association w
Slide 19: Corporate Structure
Corporate Structure For personal use only 26% 100% TGME Black CIL Plant & Infrastructure Empowerment Transvaal Gold Shareholders Mining Estates 100% Ltd (TGME Est. 74% 1895) 100% Theta Gold Mines Stonewall 9 Mining Rights (>620sqkm) Limited Mining (Pty) (ASX:TGM,TGMO Ltd OTCQB:TGMGF) 74% Sabie Mines
Slide 20: MR83 Environmental Impact Assessment Process
MR83 Environmental Impact Assessment Process For personal use only Environmental Impact Study (EIS) for Mining Right 83 (The amendment for MR83 from underground to open pit) “Starter Theta Open-pit Project” submitted in early February for approval by the Department of Mineral Resources and Energy
Slide 21: Resources Tables
Resources Tables For personal use only Combined Mineral Resources as at 16 May 2019 Gold Notes: Mineral Resource Tonnage Gold Content Type of Operation Grade Classification • Columns may not add up due to Mt g/t Kg koz rounding. Measured Underground 0.091 5.37 489 15.7 • Gold price used for the cut-
Slide 22: Resources Tables
Resources Tables For personal use only Total Theta Project - Mineral Resources, 16 May 2019 Notes: Reef Reef Mineral Resource Reef Width Content Au Content Open Pit Mine Reef Grade Tonnes • Theta Project (Theta Hill, Classification g/t cm cmgt Mt Kg koz Browns Hill and Iota) cut-off is Theta & Brown
Slide 23: Resources Tables
Resources Tables For personal use only Theta Project Ore Reserves for MR83 only, 16 May 2019 (The Ore Reserves exclude Inferred Mineral Resources). Notes: Mineral Resource Grade Reef Tonnes Au Content Pit • Totals in the Ore Reserve may Category in LoM Plan g/t kt kg oz not add-up due to rounding. P
Slide 24: Thank You
THANK YOU For personal use only Bill Guy – CHAIRMAN billg@thetagoldmines.com Richard Revelins – Corporate Advisor Peregrine Corporate Limited M: +1 (310) 405-4475 (US) | +61(0)418 534 737 (Australia) E: rrevelins@peregrinecorporate.com Michael Porter - US Investor Relations (Porter, Levay & Rose Inc
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