Torex Gold Resources Inc. · TSX:TXG
Torex Gold Resources — Shareholder Meeting (April 2010)
28 slides from Torex Gold Resources's shareholder meeting presentation, Apr 29, 2010
Slide 1: Annual and Special Meeting of Shareholders
TSX: TXG TSX: TXG ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS April 29, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United Stated federal securities laws. Forward-looking information includes, but is not limited to, information with respect to the Company's proposed s
Slide 3: Our Golden Advantage
Our Golden Advantage Good Mexico: situated in rapidly growing gold camp location • Excellent infrastructure in mining friendly district Strong Multi-million ounce, high grade deposit (3.2 g/t) resource • 3.0Moz Au M&I + 0.9Moz Au Inferred Exploration Significant resource expansion potential upside •
Slide 4: Agenda
Agenda • Company overview • All the ingredients for success • Moving forward 4
Slide 5: Torex Gold At A Glance
Torex Gold At A Glance Stock symbol: TXG – TSX Share price (April 26, 2010): C$ 1.20 Shares issued: 337 million Shares Fully diluted: 425 million Owned by management: 1.1 million Gold resources NI 43-101: 3.0 million oz (M&I) 0.9 million oz (I) Current cash position: $66 million 5
Slide 6: Building the Platform for Growth
Building the Platform for Growth GRL Q4 2009 • Completed NI 43-101 • Completed $250M financing Ready • Acquired 78.8% Morelos to • Board appoints new CEO Deliver 1998-1999 • Land package acquired by Teck — 29,000 hectares 2010 • Appointed management team • Completed $50M bought deal • Finalized 100%
Slide 7: Strong Board of Directors
Strong Board of Directors • Terry MacGibbon, B.Sc., P. Geo., ICD.D. Geologist with over 35 years of international experience in the mining business. Founder, Chairman and the CEO of FNX Mining Company Inc. Certified director; has held directorships and senior executive positions in several TSX and T
Slide 8: Fred Stanford, Director, President & CEO
New Leadership: Fred Stanford, Director, President & CEO • 28 Years with Inco / Vale Inco • Retired as President, Ontario Operations – 2008, production record 15% above previous best – 80% reduction in injuries while Manager of EHS in the Manitoba Operations • Industrial Engineer by training • Softw
Slide 9: Experienced Management Team
Experienced Management Team • President and CEO & Director – Fred Stanford, P.Eng Mining executive with 30 years experience at Vale Inco holding senior management and executive positions culminating as President of Vale Inco’s Ontario operations. • Chief Financial Officer – Andrew Gottwald, CA Over
Slide 10: Agenda
Agenda • Company overview • All the ingredients for success • Moving forward 10
Slide 11: Morelos: All the Ingredients for Success
Morelos: All the Ingredients for Success 1. Low risk 2. Excellent jurisdiction infrastructure 5. High quality 3. Established resource mining camp 4. Exploration upside 11
Slide 12: 1. Low Risk Jurisdiction
1. Low Risk Jurisdiction • Mining friendly NAFTA country • Well-developed mining industry • Access to skilled labour and supplies • Solid infrastructure Iguala GUERRERO Morelos Project N Chilpancingo Gulf of Mexico Mexico W E City Acapulco S 200 km Pacific Ocean 12
Slide 13: 2. Excellent Infrastructure
2. Excellent Infrastructure • Power lines run overhead of the project • Multiple nearby water sources • 4 hour drive from Mexico City • Within 5km of paved highways • Sample prep lab in nearby village Morelos Project Hydro Plant 5 km 5 mi 13
Slide 14: 3. Established Mining Camp
3. Established Mining Camp • Large land position – 7 claims, totalling 29,000 hectares • Rapidly growing gold mining camp (>15Moz discovered to date) Campo Morado Legend 10 km Showing Deposit Platform Boundary Morelos Platform Morelos (3.0Moz M&I) Project (0.9Moz Inf) GLEICHEN Goldcorp Los Filos (5.
Slide 15: 4. Largely Unexplored Area
4. Largely Unexplored Area 24º QUATERNARY 45º Alluvium TERTIARY Felsic volcanic rocks Los Guajes Hornfelsed shale Skarn alteration El Limon 22º Qtz-Feldspar porophyry Granodiorite CRETACEOUS Mezcala Fm: Shale 38º Cuautla Fm: Lst+shale 30º Morelos: Limestone Fault Mineral Occurence 40º Excellent expl
Slide 16: 4. Impressive Exploration Upside
4. Impressive Exploration Upside 16
Slide 17: 4. Impressive Exploration Upside
4. Impressive Exploration Upside El Limon Rio Balsas Puente Sur Balsas 17
Slide 18: 5. High Quality, High Grade Deposit (3.2g/t)
5. High Quality, High Grade Deposit (3.2g/t) • NI 43-101 open pit mineral resource by Amec in October 2009 – 3.0Moz Measured and Indicated – 0.9Moz Inferred – (14,000m of infill drilling required to bring the inferred into M&I) – Deposit open in several directions Mineralized skarn at depth El Limon
Slide 19: 5. High Grade: Above Peer Average
5. High Grade: Above Peer Average Company Project Location Grade (g/t) Canplats Resources Camino Rojo Mexico 0.65 Detour Gold Detour Lake Ontario 1.20 Gabriel Resources Rosia Montana Romania 1.30 Gleichen Morelos Mexico 3.20 Guyana Goldfields Aurora Guyana 4.14 Inter-Citic Minerals Dachang China 3.3
Slide 20: Agenda
Agenda • Company overview • All the ingredients for success • Moving forward 20
Slide 21: Strategy Going Forward
Strategy Going Forward 2. Move project into production 1. Expand resource base through exploration 21
Slide 22: Expand Resource Base Through Exploration
1. E X P L O R A T I O N Expand Resource Base Through Exploration 2010 2011 Task Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Negotiate land access Recruit Geologists Identify targets RFP for drill contractors Select initial drill contractor Mobilize initial drill contractor Ramp-up to 4 rigs Re-assess need for more rig
Slide 23: Advancing Towards Production
2. P R O D U C T I O N Advancing Towards Production 2010 2011 2012 Task Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Complete infill and step-out drilling Negotiate land access Complete mine / process plant design Complete portions required to support Environmental Impact Study Complete preparatory work for
Slide 24: Potential Mine/Plant Layout
2. P R O D U C T I O N Potential Mine/Plant Layout Potential El Limon Open Pit Los Guajes W Los Guajes E Potential Process Plant Rio Potential Balsas Mine Waste / Tailings Dam View of Los Guajes and El Limon beneath surface topography 24
Slide 25: Building Community Relations
2. P R O D U C T I O N Building Community Relations • Negotiating and community relations strategy in place • Few local employment opportunities • Broad-based local support for project - Two land access agreements reactivated • Experienced negotiator hired and initial meetings underway • New leaders
Slide 26: Our Objectives for 2010
Our Objectives for 2010 • Negotiate access to land • Identify new orebodies – 10,000m exploration drilling Priorities • Expand existing resources — 14,000m in-fill and step out drilling • Initiate feasibility study • Continue building investor confidence 26
Slide 27: Why Invest in GRL/TorexGold
IN SUMMARY Why Invest in GRL/TorexGold Well-positioned in mining friendly district High grade NI 43-101 resource All the ingredients for success Excellent exploration upside Advancing towards production Solid corporate structure 27
Slide 28: TSX: TXG
TSX: TXG April 29, 2010
Torex Gold Resources — Shareholder Meeting (April 2010) on 6ix