Toubani Resources Limited Registered Shs · ASX:TRE
Toubani Resources Limited Registered Shs — Toubani Resources — Investor Presentation (May 2024)
36 slides from Toubani Resources Limited Registered Shs's investor presentation, May 13, 2024
Slide 1: Developing West Africa's Next Gold Mine
Developing West Africa’s Next Gold Mine For personal use only Developing West Africa’s Next Gold Mine Investor Presentation | May 2024 ASX : TRE Investor Presentation | May 2024 ASX:TRE 1 1
Slide 2: Disclaimer
Disclaimer This Presentation is for information purposes in connection with Toubani Resources Limited known as “TRE” or the “Company”(s). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees, con
Slide 3: Toubani's Vision for Kobada
Toubani’s Vision for Kobada For personal use only Deliver a high production, low cost oxide gold development project over an extended mine life, at a lean upfront capital cost and providing benefits for all stakeholders 3
Slide 4: Kobada – A Compelling Gold Development Asset
Kobada – A Compelling Gold Development Asset Simple, high production, high margin project For personal use only Oxide, Near Surface Free-Milling 2.4Moz MRE (77% of MRE within 150m) (all ore types) (64% Indicated) Permitted Low AISC Underexplored (mining & environmental) (free dig, soft rock & scale)
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Shareholder Structure Basic Shares Fully Share Price Institutional Management Outstanding Diluted As of 10 May 2024 Investors & Directors 167.3M 187.2M A$0.13 28.3% 5.9% Options/Warrants/ Market Significant Cash Perf Rights Capitalisation As
Slide 6: Mature, Long Established Mining Industry in Mali
Mature, Long Established Mining Industry in Mali Numerous operating mines and capital reinvestments in progress For personal use only • Mining friendly jurisdiction with transparent system of mineral and surface title • Political / social support of mining and stated ambitions to develop resources •
Slide 7: Africa an Active Region for Mine Builds and M&A
Africa an Active Region for Mine Builds and M&A Corporate actions validate large value potential for West African gold projects Recently completed West African gold mine builds Selected West African transaction comparables since 2020 EV/ EV/ For personal use only Company Project Country Date Type Ta
Slide 8: Experience in Funding & Developing Mines
Experience in Funding & Developing Mines Board of Directors Senior Management For personal use only Phil Russo | Chief Executive Officer & Executive Director Kerry Griffin | Exploration & Resource Development • 20 years experience in corporate, project development and capital markets • Geologist wit
Slide 9: Stepping from Project-to-Mine Drives Decision Making
Stepping from Project-to-Mine Drives Decision Making Strategy focused on demonstrating the attractiveness of Kobada at scale KOBADA GOLD PROJECT For personal use only PROJECT MINE ECONOMIC SCALE SIMPLE OXIDES TECHNICAL RISK Deliver the technical and economic profile required to meet the hurdle rate
Slide 10: Economies of Scale the Focus Areas of DFS Update
Economies of Scale the Focus Areas of DFS Update Optimising key parameters that drive production, costs & economics For personal use only 2021 DFS DFS Update Potential Opportunity • Increase annual production 3.0Mtpa annual throughput Higher throughput rate • Reduce unit costs Processing • Cash flow
Slide 11: DFS Update to Position Project as Regionally Significant
DFS Update to Position Project as Regionally Significant Kobada has the hallmarks to become an operating mine at a low technical risk profile • DFS Update focused on delivering a project with a more optimised alignment For personal use only between mining and milling rates with a step-change in prod
Slide 12: Not All Grade is Equal – Margin Over Grade
Not All Grade is Equal – Margin Over Grade Softer ore supports lower AISC and better economic outcomes For personal use only Free-dig, no drill and Increased Throughput Lower consumables Reduced power blast required, low availability and efficiencies of softer and reagent consumption strip ratio red
Slide 13: Real Capital & Operating Cost Efficiencies of Soft Ore
Real Capital & Operating Cost Efficiencies of Soft Ore DFS test work indicates a very low BBWi of 0.52 to 1.20 kWh/t for oxide ore Normal Gold Operation For personal use only Primary Secondary Drill Blast Load & Haul SAG Mill / HPGR Ball Mill Gravity Leaching Crusher Crushing Kobada Oxide Operation
Slide 14: Kobada Main Deposit – Over 5km of Strike
Kobada Main Deposit – Over 5km of Strike Large, shallow and well drilled open pittable Mineral Resource • Kobada Main is a large, continuous deposit extending over 5km at For personal use only Foroko surface level • Mineral Resources of 2.4Moz defined within a 4.5km long open pit with close spaced,
Slide 15: Kobada Main Deposit – Extends >250m in Depth
Kobada Main Deposit – Extends >250m in Depth Deep weathering profile supports soft rock dominant project • Broad, continuous mineralisation well defined by drilling (drilling is shallow with 90% less than 140m) For personal use only • Mineralisation defined to 250m below surface and remains open at
Slide 16: Kobada Main Deposit – 77% of MRE Near Surface
Kobada Main Deposit – 77% of MRE Near Surface First 150m from surface predominantly oxide Indicated material Average Max depth depth of oxide of oxide For personal use only 0.54Moz 0.54Moz 0 - 50m 0 - 50m 0.34Moz 0.20Moz 0.54Moz 120m 65m 0.73Moz 0.20Moz 0.53Moz 50m - 100m 50m - 100m 0.45Moz 0.28Moz
Slide 17: 2024 Resource Definition Drilling Derisking Kobada
2024 Resource Definition Drilling Derisking Kobada Numerous wide, shallow, high grade oxide gold intersections to date • 10,000m targeted RC drill program initiated to upgrade resource classification, For personal use only due for completion shortly • Numerous near-surface, high-grade oxide results
Slide 18: Significant Intercepts Run the Entire Strike Length
Significant Intercepts Run the Entire Strike Length Foundation intercepts at Kobada reflect the forgotten value in the asset • Initial discovery drilling intersected shallow, high grade oxide For personal use only mineralisation • ~160,000m have since been drilled to an average depth of ~110m • Comb
Slide 19: Track Record of Successful Oxide Mining in West Africa
Track Record of Successful Oxide Mining in West Africa Several mines in the region began with a simple, low risk oxide operation Deep weathering profile offers a simple, large open pit mining operation Toubani – Kobada – Mali For personal use only • Softer oxide material begins from surface and exte
Slide 20: Toubani Should Trade Higher Along the Curve
Toubani Should Trade Higher Along the Curve Undervalued relative to peers despite compelling strengths EV/Resource trading comparables (US$/oz) and total resource (Moz)1,2,3,4,5 For personal use only 35 33 5.0 EV/ Resource (US$/oz) Total Resource (Moz) Oxide Free-milling 4.5 30 Permitted 4.0 Scale E
Slide 21: African Gold Development Peers
African Gold Development Peers Limited pipeline of single asset developers with advanced projects Kobada’s DFS Update to assess potential to achieve high oxide- dominant production and lower costs, at a moderate initial capital cost For personal use only Company OreCorp Chesser1 Osino Predictive Mon
Slide 22: New Discoveries in an Established Gold District
New Discoveries in an Established Gold District Walk-up targets successfully extended near-surface oxide mineralisation • Kobada is a large gold system in a prolific gold district with numerous near-surface targets For personal use only • Over 165,000m of drilling focused primarily on the Kobada Mai
Slide 23: Target – Kobada West
Target 5 – Kobada West Previously untested target unlocks newly identified structure <1km from pit • First ever drill holes at Kobada West delineated continuous, near surface oxide For personal use only gold mineralisation with consistent grades and thicknesses section-to-section Kobada North • Koba
Slide 24: Target – Kobada North
Target 3 & 4 – Kobada North 1 & 2 Untested section of mineralized structure • Kobada North 1 and 2 targets lie directly on the Kobada Shear and cover 2.3km of strike north from the Kobada Main deposit For personal use only • Limited drill testing at Kobada North 1 • No previous drill testing at Koba
Slide 25: Target – Gosso
Target 1 – Gosso Underexplored and highly prospective • Parallel shear to Kobada Shear Zone with many similar characteristics • First drilled with RC in 2011, but no follow up until 2020; Intersections included: For personal use only • 36m at 1.64 g/t from 72m (KBRC11_140) • 3.1m at 4.25 g/t from 34
Slide 26: Target – Kobada East
Target 2 – Kobada East Significant auger anomaly now confirmed by maiden RC drilling • Kobada East discovery made in 2022 by auger sampling has been confirmed by maiden RC drilling program For personal use only • Drilling has identified shallow, oxide mineralisation below the auger anomaly over a st
Slide 27: Kobada a Central Part of a Much Larger System
Kobada a Central Part of a Much Larger System Current exploration hotspot in southern Mali • Kobada project overlies significant regional scale structures at the eastern For personal use only margin of the Siguiri Basin • These gold-bearing structures parallel those bounding the Yanfolila Belt, whic
Slide 28: Sustainable Development and Engagement
Sustainable Development and Engagement A strong social license to operate with permitting in place Health & Safety For personal use only • We aim to operate a safe and healthy workplace that is injury free and enhances the well-being of employees • In the surrounding communities, Toubani works to pr
Slide 29: Clearly Defined Strategy to Advance Kobada
Clearly Defined Strategy to Advance Kobada Key deliverables that derisk Kobada towards shovel-ready status For personal use only Leveraging ~A$110m invested in exploration and studies to minimise dilution ahead of a Final Investment Decision GOLD 2024 - Deliverables DEVELOPER • Resource definition R
Slide 30: Toubani's Value Proposition
Toubani’s Value Proposition Experienced team in place to deliver a compelling gold development project For personal use only Significant Valuation Re-Rate US$5/oz Toubani EV/Resource multiple today Define Deliver Develop US$13/oz • Resource definition programs • Deliver the technical and • Simple, l
Slide 31: Additional Information
For personal use only ASX: TRE Additional Information 31
Slide 32: Mineral Resource Estimate 2023
Kobada Gold Project Mineral Resource Estimate 2023 For personal use only Material Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Oxide 38 0.80 0.96 17 0.93 0.51 55 0.84 1.48 Fresh 22 0.79 0.57 9 1.16 0.35 32 0.9
Slide 33: Competent Person Disclaimer
Competent Person Disclaimer The information in this announcement that relates to exploration results is extracted from the Company’s ASX announcements dated 31 May 2023, 17 May 2023, 26 April 2023, 11 April 2023, 8 March 2023, 31 May 2023, 19 July 2023, 25 For personal use only March 2024, 11 April
Slide 34: Selected Peer Group
Selected Peer Group Disclaimer Breakdown of Resources & Reserves1,2 For personal use only WIA Roscan Newcore Cora* Desert Mako Toubani Asara** Total Resource Moz 2.1 1.2 1.7 0.9 1.1 0.9 2.4 2.9 Total Resource Grade g/t 1.0 1.2 0.6 1.2 1.2 1.2 0.9 1.2 Measured Resource Moz - - - - 0.1 - - - Grade g/t
Slide 35: Reference Data
Reference Data Company Item Document NI 43-101 Technical Report Published 30 June 2022 (Effective 31 March 2022) - Technical Report on the Roscan Resource Kandiole Project, Mali NI 43-101 Technical Report Published 13 July 2023 (Effective 12 June 2023) - Definitive Feasibility Study of the Osino Res
Slide 36: For personal use only
For personal use only Phil Russo Chief Executive Officer phil.russo@toubaniresources.com Peter Taylor Investor & Media Relations peter@nwrcommunications.com.au ASX:TRE 36