Tvi Pacific Inc. · TSXV:TVI
Tvi Pacific — Investor Presentation (August 2022)
56 slides from Tvi Pacific's investor presentation, Aug 16, 2022
Slide 1: TVI Pacific Corporate Presentation
TVI Pacific Corporate Presentation August 2022 View of the Siana Gold Processing Plant July 2022. 1
Slide 2: Qualified Person Statement and Disclaimer
Qualified Person Statement and Disclaimer Qualified Person Michael Bue, Bsc. Eng, M.Eng, P.Eng, a member of the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy, is the qualified person under NI43-101 who has approved the scientific and technical information in this
Slide 3: TVI Pacific Inc. Overview
TVI Pacific Inc. Overview Production of gold doré at Balabag Gold-Silver Mine. ▪ TSXV-listed Canadian resource company focused on the production, development, exploration and acquisition of diversified resource projects in the Philippines. ▪ Through its 30.66%-owned private Philippine operating affi
Slide 4: Unique Selling Proposition (USP)
TVI Pacific Inc. Unique Selling Proposition (USP) 1. Through its operating affiliate, TVIRD, TVI has a 30.66% interest in 2 operating mines, one mine that is in the process of being re-started and many exploration and development properties. 2. TVI’s current focus is on many key commodities, includi
Slide 5: Share Structure & Liquidity
TVI Pacific Inc. Share Structure & Liquidity Issued & Outstanding Shares 656.99 Million Shares Fully Diluted 696.89 Million 52 Week High/Low C$0.060/$0.025 Market Capitalization (as at June 30, 2022) C$19.71 Million Insider Share Direct / Fully Diluted 11.75% / 16.80% Cash & Liquid Short-term Invest
Slide 6: Area of Focus – The Philippines
TVI Pacific Inc. Area of Focus – The Philippines • TVI’s management team has extensive experience working in Asia and has successfully brought multiple development projects into production in the Philippines. • The Asia Pacific region is strategically located near massive end markets for various res
Slide 7: Resource Acquisition & Development Strategy
TVI Pacific Inc. Resource Acquisition & Development Strategy Management’s resource acquisition and development strategy is centered around the concept of… • Acquiring or joint venturing with companies on resource deposits that may have a modest initial resource size but with the potential for signif
Slide 8: Investment in TVIRD
TVI Pacific Inc. Investment in TVIRD TVI holds a 30.66% interest in TVI Resource Development (Phils), Inc., a diversified private Philippine resource company. ▪ Through an Investment Agreement with TVI’s JV partner, the Villar Group, TVI Pacific shares joint control over the activities of TVIRD. Man
Slide 9: Investment in TVIRD – Key Activities & Project Locations
TVI Pacific Inc. Investment in TVIRD – Key Activities & Project Locations TVIRD’s Key Activities include: 1) Operating its Balabag Gold-Silver Mine and adding additional reserves through ongoing exploration. LUZON 2) Advancing development and the restart of operations at its Siana Gold Mine. MABILO
Slide 10: About Our Corporate JV Partner…
TVI Pacific Inc. Investment in TVIRD About Our Corporate JV Partner… In December 2013, Prime Resources Holdings, Inc. (“PRHI”) acquired a 68.42% direct equity interest in TVIRD and joint control in TVIRD with TVI Pacific. This was the result of a search by TVI Pacific for a strategic partner in the
Slide 11: About Our Corporate JV Partner… (continued)
TVI Pacific Inc. Investment in TVIRD About Our Corporate JV Partner… (continued) The Villar Group has much experience with the Philippine Stock Exchange, with the following listed companies to their name: 1. All Day Marts Inc (PSE: ALLDY) - engaged in retailing, merchandising, buying, and selling al
Slide 12: TVIRD’s Award Winning Approach to Responsible Mining
TVI Pacific Inc. TVIRD’s Award Winning Approach to Responsible Mining As the previous 100% owner of TVIRD, TVI Pacific’s focus upon responsible mining established the framework through which TVIRD received and has continued to receive various environmental and safety awards for its exceptional perfo
Slide 13: TVIRD’s Current Operating Mines
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Operating Mines Balabag Gold-Silver Mine Balabag Gold-Silver Plant on September 22, 2021, of which TVIRD holds a 100% interest. Agata Nickel/Iron Mine Agata direct shipping Nickel/Iron mine, in which TVIRD is operator and holds a 60% interest. 13
Slide 14: Balabag Gold-Silver Mine
TVI Pacific Inc. Investment in TVIRD Balabag Gold-Silver Mine Through to August 12, 2022, TVIRD has completed 22 shipments of gold doré from its 100%-owned Balabag mine containing 27,032 ounces of gold and 710,119 ounces of silver for 35,798 gold equivalent ounces. . 14
Slide 15: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Ownership: 100% owned by TVIRD. Mineral Production Sharing Agreement (“MPSA”): Manila ✓ covering 4,779 hectares; ✓ renewed by the Department of Environment and Natural Resources (“DENR”) for another twenty-five (25) year period through to November 20
Slide 16: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Timeline of Development: Mill Plant Site of the Balabag Gold Mine on September 30, 2021. ✓ November 22, 2019: Announcement that TVIRD had decided to advance Balabag towards commercial production and was progressing with various development works. ✓ D
Slide 17: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Project Financing Status: Facility: Omnibus Loan and Surety Agreement with China Banking Corporation closed by TVIRD in October 2019. Amount: US $28.5 million First / Final Drawdown: October 24, 2019 / May 2020 Repayment Status: TVIRD has thus far ma
Slide 18: Balabag Gold-Silver Mine Exploration
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Exploration The NI 43-101 Mineral Resource Update filed on SEDAR under the Company’s profile in July 2021 is based on: • 382 drillholes (41,161.60 meters drilled), inclusive of Phase 4 drilling, completed between November 2005 and December 2020; • De
Slide 19: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine The Tailings Storage Facility (“TSF”) is being constructed in stages to accommodate progressively increasing amounts of tailings as mill ore is processed. The first phase, Stage 1, was commissioned on July 8th, 2021, together with the commissioning a
Slide 20: Agata Nickel / Iron DSO Mine
TVI Pacific Inc. Investment in TVIRD Agata Nickel / Iron DSO Mine Project-to-date a total of 363 shipments of 19.8 million wet metric tonnes of nickel laterite have been completed through to July 31, 2022. 20
Slide 21: TVIRD’s Agata Nickel / Iron DSO Mine
TVI Pacific Inc. TVIRD’s Agata Nickel / Iron DSO Mine Ownership: 60% owned by TVIRD (operator) through Agata Mining Venture Inc. (“AMVI”), a Joint Venture company. MPSA: ✓ Renewed for an additional 25 years to May 26, 2049. ✓ Located in the Surigao mining region of Mindanao and benefits from an exce
Slide 22: TVIRD’s Agata Nickel / Iron DSO Mine
TVI Pacific Inc. TVIRD’s Agata Nickel / Iron DSO Mine Agata DSO Volumes Shipped (wet metric tonnes) 2022 Cargo 2014 2015 2016 2017 2018 2019 2020 2021 Total (to Jul.31.2022) HFO 217,780 760,545 1,596,953 1,624,323 1,412,321 1,456,241 781,820 770,090 335,120 8,955,193 SO 617,690 1,936,163 1,515,234 1
Slide 23: TVIRD’s Current Near-term Development Projects
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Near-term Development Projects GRC/Siana-Mapawa Gold Projects Siana Gold Project and the modern 1.1 million tonne per annum Outotec mill. 23
Slide 24: TVIRD’s Siana - Mapawa Gold Projects
TVI Pacific Inc. TVIRD’s Siana - Mapawa Gold Projects Ownership: 100% owned and operated by TVIRD through Greenstone Resources Corporation (“GRC”). MPSA: ✓ Siana Mine - MPSA No. 184-2002-XIII covering 3,289 hectares, granted for 25 years with an expiry date of December 2027; ✓ Mapawa Project - MPSA
Slide 25: Siana Gold Mine – Current Restart Activities
TVI Pacific Inc. TVIRD’s Siana Gold Mine – Current Restart Activities Rehabilitation of the plant is proceeding and includes the restoration and repair of the process plant equipment starting with the crushing and reagent circuits and the power plant. The Assay Lab is now operational. Photos: Views
Slide 26: TVIRD’s Siana Gold Mine
TVI Pacific Inc. TVIRD’s Siana Gold Mine Past Operating Highlights: ✓ 1938 to 1991: Suricon Consolidated Mining Company operated Siana as both an underground mine and an open pit mine. Nearly one million ounces of gold were produced through this period. ✓ 2003: GRC acquired Siana. ✓ 2010: GRC commen
Slide 27: TVIRD’s Siana Gold Mine
TVI Pacific Inc. TVIRD’s Siana Gold Mine The Red 5 2020 Annual Report at June 30, 2020 reports the JORC 2012 underground and open pit mineral resource and reserves estimates of Siana to be: SIANA JORC 2012 UNDERGROUND MINERAL RESOURCE as at June 30, 2020: Classification Cut-off Gold Tonnes Gold Silv
Slide 28: TVIRD’s Mapawa Project
TVI Pacific Inc. TVIRD’s Mapawa Project As part of the GRC acquisition completed by TVIRD on September 20, 2021, TVIRD acquired a 100% interest in the Mapawa project. Mapawa is covered by MPSA No. 280-2009-XIII and extends over 1,482 hectares located as well in Surigao del Norte, Philippines, 20 kil
Slide 29: TVIRD’s Current Development Projects
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Development Projects Pan de Azucar Mabilo Project Pyrite project located on the Island of Panay, in which TVIRD holds an option to earn a 60% interest. The Mabilo project, 100% owned and operated by Mt. Labo Exploration and Development Corporation
Slide 30: TVIRD’s Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project Ownership: 60% owned by TVIRD through its indirect interest in Mt. Labo Exploration and Development Corporation (“MLEDC”), the owner and operator of Mabilo. TVIRD owns 100% of SageCapital Partners which in turn holds a 60% interest in MLEDC. MPSA: ✓ Covered by
Slide 31: Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project :Source: RTG Mining Inc. Corporate Presentation, “Developing the New High Grade Mabilo Mine”, dated November 2021, that may be found on the RTG website at: https://www.rtgmining.com/themencode-pdf-viewer/?file=https://www.rtgmining.com/wp-content/uploads/2021-
Slide 32: TVIRD’s Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project RTG Mining Inc. (“RTG”, TSX:RTG / ASX:RTG), which holds a 40% interest in MLEDC through SRM Gold, has filed on December 18, 2015, under RTG’s SEDAR profile a NI 43-101 compliant Mineral Resource estimate prepared on November 5, 2015, by CSA Global Ltd (“CSA Gl
Slide 33: TVIRD’s Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project Moving Forward: ✓ The Mabilo Technical report prepared by Lycopodium contemplates a 2-stage development including: ▪ an initial DSO operation with nominal capital requirements; and, ▪ moving to a primary concentrate production through construction of a plant.
Slide 34: TVIRD’s Agata Limestone Project
TVI Pacific Inc. TVIRD’s Agata Limestone Project Ownership: 60% owned by TVIRD (operator) through Agata Mining Venture Inc. (“AMVI”), a Joint Venture company. MPSA: ✓ Located in the same 4,995-hectare MPSA area as the Agata Nickel Laterite mine, both north and south of the existing nickel / iron dir
Slide 35: TVIRD’s Pan de Azucar
TVI Pacific Inc. TVIRD’s Pan de Azucar Ownership: TVIRD holds an option to earn a 60% interest. MPSA: ✓ MPSA 135-99-VI (held by Minimax Mineral Exploration Corp.) covering an area of 535 hectares; ✓ Expiry date of July 2024. ✓ Located on Pan de Azucar island and adjacent to Panay Island, central Phi
Slide 36: TVIRD’s Pan de Azucar
TVI Pacific Inc. TVIRD’s Pan de Azucar Permit Status: ✓ Sixth (6th) renewal of the exploration permit has been granted on May 23, 2022, for a two-year period. ✓ No approved DMPF or ECC as yet. Moving Forward: While no further technical work has been performed since Mindoro’s technical studies in 201
Slide 37: TVIRD’s Pan de Azucar
TVI Pacific Inc. TVIRD’s Pan de Azucar Proposed Exploration Program: Drilling and related exploration is proposed to be performed in two (2) stages. Stage 1 is expected to include: ✓ 45 holes (5,500m) with a depth of 75m to 120m. ✓ Drilling to be performed on nine (9) sections on a 50m X 50m pattern
Slide 38: TVIRD’s Pan de Azucar
TVI Pacific Inc. TVIRD’s Pan de Azucar Proposed Exploration Program: Subject to findings from Stage 1, Stage 2 exploration will be initiated to chase along strike extensions and new targets. Stage 2 is expected to include: ✓ Step-out drilling on 100m X 50m spacing, in north and south, with subsequen
Slide 39: TVIRD’s Nalesbitan Project
TVI Pacific Inc. TVIRD’s Nalesbitan Project Ownership: 60% owned by TVIRD through its indirect interest in Mt. Labo Exploration and Development Corporation (“MLEDC”), the owner and operator of Mabilo. TVIRD owns 100% of SageCapital Partners which in turn holds a 60% interest in MLEDC. MPSA: ✓ Covere
Slide 40: TVIRD’s Nalesbitan Project
TVI Pacific Inc. TVIRD’s Nalesbitan Project Past Operating Highlights: ✓ Area was first worked for gold in the 1800’s with the Nalesbitan Hill deposits discovered in 1930 and mined underground between 1938-1941 producing ore at an average grade of 5.3 g/y Au (Source: “Nalesbitan Hill – Mineral Resou
Slide 41: TVIRD’s Nalesbitan Project
TVI Pacific Inc. TVIRD’s Nalesbitan Project Historical Estimate: ✓ Independent geological consultants, H&S Consultants Pty Ltd (“H&SC”) provided in accordance with the JORC Code an estimate of resources contained within the Nalesbitan Hill deposit for Sierra Mining Limited in 2012 (Source: “Nalesbit
Slide 42: TVIRD’s Additional Mining Tenements
TVI Pacific Inc. TVIRD’s Additional Mining Tenements TVIRD holds many other Priority MPSA Region Location Comments 1 MPSA 280 - 209 - XIII Caraga Mapawa, Surigao With mineral resource ( Epithermal Au – Ag) Mining Tenements that it has 1 MPSA 184 -2002 -XIII Caraga Alipao Advance exploration / drilli
Slide 43: TVIRD’s Past Mining Experience
TVI Pacific Inc. TVIRD’s Early History TVIRD’s Past Mining Experience Canatuan Mine Up until 2014, TVI Pacific carried out its work in the Philippines through its 100% owned Philippine operating subsidiary, TVIRD. TVIRD developed, constructed, fully managed, operated and controlled the Canatuan oper
Slide 44: History of Success at the Canatuan Mine
TVI Pacific Inc. History of Success at the Canatuan Mine • Located in the Province of Zamboanga del Norte on the Philippine Island of Mindanao, Canatuan was the first foreign-invested mine to reach production after the passage of the Philippine Mining Act of 1995. • Mining operations focused initial
Slide 45: Canatuan – Beyond Mining
TVI Pacific Inc. TVIRD’s Canatuan – Beyond Mining TVI is proud to have performed the exploration and development at Canatuan which led to 2 successful mines. While doing so it progressively built the foundation for future rehabilitation of the mine. Following the end of mining and processing operati
Slide 46: Moving Forward
Moving Forward Progressing Plans for TVIRD to list on the PSE
Slide 47: TVIRD - Future Philippine Stock Exchange Listing
TVI Pacific Inc. TVIRD - Future Philippine Stock Exchange Listing • TVIRD had been pursuing an Initial Public Offering and listing on the Philippine Stock Exchange -- a Preliminary Prospectus in connection with the IPO was filed by TVIRD with the PSE and Philippine Securities and Exchange Commission
Slide 48: Investment Highlights
TVI Pacific Inc. Investment Highlights ✓ As the successful builder/operator of the Canatuan gold-silver/copper-zinc mine in the Philippines, TVI is well-recognized for its ability to develop and operate mines with low capex in challenging locations with award- winning safety, environmental and socia
Slide 49: Contact Information
TVI Pacific Inc. Contact Information Corporate Head Office: TVI Pacific Inc. Suite 600, 505 – 2nd Street S.W. Calgary, Alberta T2P 1N8 Tel: (403) 265-4356 Email: tvi-info@tvipacific.com Investor Relations/Media Contact: Patrick Hanna, Chief Financial Officer Tel: 403-265-4356 E-mail: Patrick.Hanna@t
Slide 50: Supplemental Slides
TVI Pacific Inc. Supplemental Slides 50
Slide 51: Management Team
TVI Pacific Inc. Management Team Clifford M. James President and Chief Executive Officer Mr. James has been Chairman, President and Chief Executive Officer of TVI Pacific Inc. since January 1987, and Chairman of TVI Resource Development Phils, Inc. (“TVIRD”) since 1994. Mr. James is a geologist and
Slide 52: Board of Directors
TVI Pacific Inc. Board of Directors Clifford M. James, Chairman – See bio on management page. Robert C. Armstrong, Ph.D. -- Over 40 years of experience in the mining industry, having worked in senior and executive positions for companies such as Cominco Ltd. and Echo Bay Mines Ltd., with both domest
Slide 53: Our Investments
TVI Pacific Inc. Our Investments TVI Pacific Inc. (an Alberta Corporation) 14.4% 100% 100% 100% 2.97% Mindoro Resources Ltd TVI Asia-Pacific Resources TVI Limited TG World Energy Corp. Integrated Green Energy Solutions (a Canadian Corporation) (a Philippine company) (an Anguillian Corporation) (an A
Slide 54: TVIRD Ownership
TVI Pacific Inc. TVIRD Ownership Manuel Paolo Others Villar 0.02% 99.98% TVI Pacific Prime Asset R.V.San Jose 1.00% Inc. Ventures Inc. 100% 0.92% 98.60% TVI Prime 0.40% International Resources Others Marketing Holdings Inc. TVIRD 30.66% 68.42% TVI Pacific organization PRHI organization Other investo
Slide 55: TVIRD Senior Organization
TVI Pacific Inc. TVIRD Senior Organization TVIP directors PRHI directors Corp.Sec. Manny Villar Cliff James M.Paolo Villar Yulo Perez Mike Regino J.A.Q. Yu (Senator) Eugene Mateo T.A. San Juan President PRHI Villar Group Cliff James M.Paolo Villar Chairman Vice-Chairman Cynthia Delfin CFO/Treasurer
Slide 56: Project Summary – TVIRD (Philippines)
TVI Pacific Inc. Project Summary – TVIRD (Philippines) Shipments Completed TVIRD Project Commodities Status Number Weight Comments Ownership Balabag Gold-Silver Mine 100% Au, Ag Operating 22 35,798 AuEq oz Shipments to Aug.12.2022. First shipment: Sep.30.2021. Agata Nickel / Iron Mine 60% Ni - HFO,