Troilus Mining Corp · TSX:TLG
Troilus Mining — Troilus Gold — Investor Presentation (August 2021)
39 slides from Troilus Mining's investor presentation, August 2021
Slide 1: The Troilus Project Corporate Presentation
TSX: TLG A New Life for a Former Gold & Copper Mine in Quebec OTCQX: CHXMF The Troilus Project FRA: CM5R Corporate Presentation Scale, Jurisdiction & Long Life August 2021
Slide 2: Cautionary Language, QP Statements and Legal Disclaimers
Cautionary Language, QP Statements and Legal Disclaimers Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “contemplates”, “goal”, “continue”, “anticipates” or that the Indica
Slide 3: Overview of Troilus Gold Corp.
Overview of Troilus Gold Corp. Troilus is an Emerging Development-stage Gold & Copper Mining Company Focused on Advancing the Troilus Project Towards Production Strong Cash Position CAD$56 million raised in June/July 2021 World’s Top 10 Best Mining Jurisdictions Quebec ranked #6 globally by the Fras
Slide 4: Troilus' History as a Past-Producer
Troilus’ History as a Past-Producer 2012 2016 Option agreement with First Quantum to acquire Troilus Hostile takeover of Inmet by First Quantum Minerals 2017 Troilus is acquired 2011 in December 2017. Failed merger with - $300,000 cash 1950’s Lundin Mining Corp. Initial exploration - 2.5% NSR (bough
Slide 5: Corporate Overview
Corporate Overview TSX: TLG OTCQX: CHXMF FRA: CM5R Shares Outstanding Options Share Ownership* 195,935,173 280,040 250,000 @ $1.64, exp. Jan. 3, 2023 30,040 @ $0.88, exp. Oct 1, 2022 Cash RSUs ~C$10M 9,268,325 *As at FQ3 ending April 30, 2021. Not including $45M financing closed on June 30, 2021 and
Slide 6: Strategic Partnership with the Quebec Government
Strategic Partnership with the Quebec Government $11.15 million strategic investment by Quebec government through Investissement Québec (July 2021) Significant period of detailed technical, financial and social due diligence Defines a long-term strategic framework focused on outlining and esta
Slide 7: Key People in Place to Advance Troilus
Key People in Place to Advance Troilus Executive Management Board of Directors Justin Reid, President & CEO, Director Diane Lai, ICD.D, MBA – Chairperson Seasoned executive and entrepreneur with +20 yrs of global Denis Arsenault, CFO/SVP Qc. marketing experience Blake Hylands, SVP Exploration Andrew
Slide 8: Quebec is ranked 6th globally on the Investment Attractiveness Index
Quebec is ranked 6th globally on the “Investment Attractiveness Index”; Canada as a country ranks 3rd *According to the Fraser Institute’s annual survey of mining (2020) 8
Slide 9: Excellent Accessibility
Excellent Accessibility Road access via “Route du Nord” Quebec, Canada (managed by Quebec Transport Ministry and James Bay Energy Society) Troilus Office in Chibougamau Nearest airport in Chibougamau (~170km south of Troilus) *Based on the 2020 Fraser Institute “Investment Attractiveness Index” | 9
Slide 10: Strategic Land Holder in a Highly Prospective Greenstone Belt
Strategic Land Holder in a Highly Prospective Greenstone Belt Eastmain Troilus’ properties includes 142,000 hectares (1,420 km²) of contiguous land in the Frôtet-Evans Greenstone Belt Frôtet-Evans Greenstone Belt Mistissini Chibougamau PLAN Abitibi NORD Greenstone Belt Rouyn-Noranda Val-d’Or Quebec
Slide 11: Uncovering a Second Life for Troilus in the 'Shadow of the Headframe'
Uncovering a Second Life for Troilus in the ‘Shadow of the Headframe’ | 11
Slide 12: Former Mine Site & Main Mineral Zones
Former Mine Site & Main Mineral Zones Enlarged Area Allongé J Zone J4 pit Formerly mined pits Z87 Z87 pit J4 pit Z87 South Z87 pit Southwest 2020 Mineral Resource Estimate +20km Mag Low Geophysics Trend | 12
Slide 13: Extensive Inherited & Upgraded Infrastructure
Extensive Inherited & Upgraded Infrastructure Approximately US$350 million of inherited value. Initial Construction Starter Camp *installed septic 50MW Substation Core Storage & Logging Water Treatment Facility Tailings Facility 60 km Power Line, Site *with capacity to accommodate Roads and River Cr
Slide 14: Mineral Resource Growth Since Acquisition
Mineral Resource Growth Since Acquisition +150,000 metres drilled since 2018; finding costs of <$5/oz +142% Updated mineral resource and 4.96 4.71 Moz AuEq inaugural Acquisition Moz AuEq Reserve of Troilus expected in 3.92 H2 2021 Moz AuEq +350% 3.15 Moz AuEq 2.05 Moz AuEq 1.76 Moz AuEq 1.17 Moz AuE
Slide 15: Mineral Resource Growth 2016-2020
Mineral Resource Growth 2016-2020 The best place to find gold is where gold was produced 2016 2019 Zone Zone Zone J5 pit Z87 pit J5 J4 Z87 / Z87 South ~300m 200m ~500m 2020 Zone Zone Zone J Zone Z87 Z87 South Zone Southwest ~500m | 15
Slide 16: Continued Mineral Growth: Main Mineral Corridor
Continued Mineral Growth: Main Mineral Corridor Systematic drilling driven by a new geological model and an Section Location improved understanding of the structural controls of the mineralization has significantly expanded the footprint of mineralization across the entire deposit. Typical Cross Sec
Slide 17: Main Mineral Corridor - Long Section
Main Mineral Corridor - Long Section (facing Northwest) Gap Zone Discovered & Drilled in 2019/2020 Formerly Mined Pits Priority growth target; similar geology to Z87 Significant Expansion 2018-2021 Accessible via road Open on strike & at depth Growth Target Infill & expansion drilling unde
Slide 18: High-Grade Highlights Along Main Trend
High-Grade Highlights Along Main Trend The Troilus deposit is a broad base ~1g/t gold halo with a secondary higher grade gold system. Now identifiable and predictable throughout the deposit. ~30g/t gold | 18
Slide 19: Entire District Boasts Blue Sky Mineral Growth Potential
Entire District Boasts Blue Sky Mineral Growth Potential Beyan/Cressida Highlights Allongé Zone: Drill results: Grab Sample: 1.62 g/t Au over 34.05m 110 g/t Au incl. 9.78 g/t Au over 4.75m 1.23 g/t Au over 21.12m 1.11 g/t Au over 19.29m Testard/Bullseye 1.0 g/t Au over 44.57m Mineral Resource Area D
Slide 20: 2020 PEA Summary & Sensitivities
2020 PEA Summary & Sensitivities Troilus Shows Potential to Rank Among the Top Gold Mines in Canada 246,000 oz Au 22 years US$333M US$719/oz AuEq Avg. Annual Production Mine Life CAPEX Cash Operating Costs (first 14 years) (14 yrs Open Pit) $850/oz AuEq AISC LOWER CASE BASE CASE CONSENSUS HIGHER CAS
Slide 21: Production Profile – Gold, Silver & Copper
Production Profile – Gold, Silver & Copper 220,000 oz Au 246,000 oz Au Avg. Annual Production Avg. Annual Production 350,000 (first 5 years) (first 14 years) 35,000,000 Gold Silver Copper 300,000 30,000,000 250,000 25,000,000 Ounces (Au/Ag) Pounds (Cu) 200,000 20,000,000 150,000 15,000,000 100,000 1
Slide 22: Troilus Production and AISC vs. Top Canadian Gold Mines
Troilus Production and AISC vs. Top Canadian Gold Mines 246,000 oz Au AISC US$850/oz AuEq 2020 PEA Avg. Annual Production, years 1-14 $719/oz AuEq cash operating costs Annual Production of Top Canadian AISC of Top Canadian Gold Producers Gold Mines (2020 Guidance; Koz Au) (1) (2020 Guidance; US$/oz)
Slide 23: Copper at Troilus
Copper at Troilus Based on the PEA, Troilus would produce an avg. of 7,358 tonnes per annum of Copper, placing the project among the top copper producers in Canada Optimization opportunity: PEA assumed copper price of $3.00/lb. Economics of the project would be positively impacted at current Cop
Slide 24: Capital Intensity of Adv. North American Gold Developers
Capital Intensity of Adv. North American Gold Developers Initial Capex (US$M) Initial CAPEX of US$333 million LoM Production (Au Ozs) Source: Haywood Securities Inc. | 24 Please see cautionary notes related to the PEA on p.2
Slide 25: Committed to Sustainable Development
Committed to Sustainable Development Troilus is committed to creating value for its shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of its employees and local communities while respecting human rights, cultures, customs and valu
Slide 26: Path Forward: Continuing to De-Risk and Generate Value
Path Forward: Continuing to De-Risk and Generate Value Robust PEA Mineral Resource update ~19,000 metres drilled in 2020 Successful regional exploration Feasibility Study ECOLOGO Certification Start Provincial Dewatering Permit (Z87 & J4 pits) Permitting Process Provincial Approval
Slide 27: How does Troilus stand out among the +3,500 junior mining companies?
How does Troilus stand out among the +3,500 junior mining companies out there? # of Assets Artemis Gold Inc. Sabina Gold & Silver Corp. Source: S&P Market Intelligence and company filings as of March 9, 2021. Long-term prices used for | 27 AuEq: Au $1,555/oz, Ag US$20.42/oz, Cu $3.04/lb, Zn $1.07/lb
Slide 28: Why Troilus Gold Corp.?
Why Troilus Gold Corp.? Troilus is on track to become a cornerstone mining project in Canada: Low-risk jurisdiction; Prolific Mining District Positive PEA results show potential for Troilus to rank among the top gold producing assets in Quebec and in Canada Troilus is one of the largest undeveloped
Slide 29: Thank You
Thank You Justin Reid CEO & Director (647) 276-0050, x1305 justin.reid@troilusgold.com Caroline Arsenault VP Corporate Communications (647) 407-7123 caroline.arsenault@troilusgold.com Corporate Headquarters 400-36 Lombard Street Connect with us: Toronto, Ontario M5C 2X3
Slide 30: Appendix
Appendix
Slide 31: 2021 Drill Results – Southwest Zone Highlights
2021 Drill Results – Southwest Zone Highlights Southwest Zone Strike length has expanded from ~1km to 1.5km into the Gap Zone Significant mineral expansion within and outside of the PEA pit shell Drill highlights include: 1.95 g/t AuEq over 20m, incl. 2.73 g/t AuEq over 9m 3.65 g/t AuEq over
Slide 32: 2021 Drill Results – J Zone Highlights
2021 Drill Results – J Zone Highlights J Zone New western extension identified over a strike length of 850m, mostly within undrilled areas of the PEA pit shell Drill highlights include: 1.57 g/t AuEq over 31m, incl. 4.72 g/t AuEq over 7m and 22.51 g/t AuEq over 1m 2.24 g/t AuEq over 8m, incl.
Slide 33: Favourable Jurisdiction for Mine Permitting & Development
Favourable Jurisdiction for Mine Permitting & Development Recent Permitting Timelines of Projects Near Troilus “Plan Nord” Permit 25-year Government Project ESIA filed Time for Permit Awarded plan for natural Lac Bloom (iron mine) Dec 2006 Feb 2008 14 months resources sector Osisko (gold mine) Sept
Slide 34: Stakeholder Engagement
Stakeholder Engagement Signed Pre-Development Agreement (PDA) with the Cree Nation of Mistissini, the Grand Council of the Crees (Eeyou Istche) and the Cree Nation in July 2018¹ Establishes the framework for the on-going and mutually beneficial relationship regarding business and employment opport
Slide 35: Mineral Resource Summary – All Zones
Mineral Resource Summary – All Zones Effective date of mineral resource: July 20, 2020 Gold Contained Contained Contained Contained Tonnes Gold Copper Silver (Mt) Equiv. (g/t) (%) (g/t) Gold Copper Silver AuEq (g/t) (Moz) (Mlb) (Moz) (Moz) Total Open Pit & Underground Indicated 177.30 0.87 0.75 0.08
Slide 36: Open Pit Mineral Resources – By Zone
Open Pit Mineral Resources – By Zone Effective date of mineral resource: July 20, 2020 Gold Contained Contained Contained Contained Tonnes Gold Copper Silver (Mt) Equiv. (g/t) (%) (g/t) Gold Copper Silver AuEq (g/t) (Moz) (Mlb) (Moz) (Moz) Z87 & Z87 South Indicated 84.60 0.92 0.79 0.09 1.39 2.15 169
Slide 37: 2020 Mineral Resource – Grade Distribution
2020 Mineral Resource – Grade Distribution Z87, Z87 South and J Zone Above 0.3 g/t AuEq (open pit) & above 0.9 g/t AuEq (underground) 285m J5 Z87 South 485m 600m J4 J4 UG Z87 UG g/t AuEq. 870m from 0.3 – 0.5 surface 0.5 – 0.9 > 0.9 Limit of Resource Shell Tonnes Gold Copper Silver Gold Contained Con
Slide 38: Mineral Resource Grade Distribution, Southwest Zone
Mineral Resource Grade Distribution, Southwest Zone Above 0.3 g/t AuEq (open pit) 130m ZSW 280m Limit of Resource Shell g/t AuEq. 0.3 – 0.5 0.5 – 0.9 > 0.9 Tonnes Gold Copper Silver Gold Contained Contained Contained Contained (Mt) (g/t) (%) (g/t) Equiv. Gold Copper Silver AuEq (g/t) (Moz) (Mlb) (Mo
Slide 39: 2020 Mineral Resource - Additional Disclosures
2020 Mineral Resource - Additional Disclosures Effective date of mineral resource: July 20, 2020 The resource constraining shells were generated with: Metal Prices of Gold $US 1600/oz, Copper $US 3.25/lb, Silver $US 20/oz Mining Costs: J Zone and 87 Zone base cost $Cdn 1.71/t moved, SW Zone base