Slide 1: Built for Growth
TSX: TI A PROVEN TEAM DRIVEN BY VALUE BUILT AND COMMITTED TO EXCELLENCE FOR August 2022 GROWTH
Slide 2: Cautionary Notes
CAUTIONARY NOTES Forward-Looking Information: This presentation contains "forward-looking information" within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is exp
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Best-in-Class Leadership Pure Zinc Play Optimizing Cash Flow Demonstrated track record in exploration and Exposure to Increasing Zinc Prices ESM mine plan - Includes higher-grade New development - Executive Chair, Richard Warke, Located in prolific mining district, zinc plays a
Slide 4: Excellent Track Record
| EXCELLENT TRACK RECORD CURRENT AUGUSTA COMPANY RETURNS PAST AUGUSTA COMPANY RETURNS TSX: SLS TSX: TI TSX: G 12,960% 3,300% 6,100% 1,000% OTCQB: SLSSF OTCQB: AUGG return return return return $818.59M $72.27M $137.02M SOLD for $1.6B SOLD for $667M SOLD for $2.1B $1.6B Market Cap Market Cap Market Ca
Slide 5: Overview
OVERVIEW Ø Focus on exploration and development; driven by best-in-class leadership Ø Empire State Mine (ESM), NY State • 100%-owned zinc producer in historic mining district • 2022 production forecast at 52M-56M payable lbs, an up to 18% increase from 2021 • 2022 AISC¹ forecast of US$1.03/lb-US$1.0
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS H1 2022 HIGHLIGHTS: Ø $11.52 million cash flow from operations including net income of $3.3 million or $0.02 per share Ø Revenue of $34 million MISSION: Ø Continued special cash dividend payment of C$0.01 To deliver extraordinary per share for Q1 & Q2 2022 and announced another
Slide 7: Focused on Exploration in a 100-Year-Old Zinc District
FOCUSED ON EXPLORATION IN A 100-YEAR-OLD ZINC DISTRICT >80,000 acres of mineral rights Ø Producing zinc concentrate in northern New York controlled throughout district Ø Long-term zinc concentrate offtake agreement with Glencore – transportation within North America Ø Total historical district produ
Slide 8: 2022 Production and Cost Guidance
2022 PRODUCTION AND COST GUIDANCE Up to an 18% Production Increase from 2021 Ø 2022 production forecasted at 52- 56 million payable pounds at AISC ESM Production and Cost Guidance of US$1.03-1.08/lb Units H1 2022 2022 Guidance Payable Production Ø Steady and marked improvement Zinc Mlbs 26.6 52-56 i
Slide 9: Improving Performance and Trajectory
IMPROVING PERFORMANCE AND TRAJECTORY Zinc Production All-in Sustaining Cost per Payable Zinc lb 120,000 25.0 1.80 1.60 100,000 20.0 1.40 80,000 Zinc Production (Mlbs) 1.20 15.0 Tons Milled 1.00 60,000 0.80 10.0 40,000 0.60 5.0 0.40 20,000 0.20 - - 0.00 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21
Slide 10: Near-Mine and District Exploration
NEAR-MINE AND DISTRICT EXPLORATION Ø Production supported by current mineral resources with potential for near-mine resource additions • Current source is ESM #4 mine – multiple zones in production; Mahler, New Fold, #2D, and Mud Pond • Surface drilling continues to expand and discover additional mi
Slide 11: Potential Near-Term Incremental Mill Feed
POTENTIAL NEAR-TERM INCREMENTAL MILL FEED CONTINUING SPHALEROS A PROUD LEGACY MINE PROJECT #4 Shaft and Facilities Ø Fully Permitted 5,5 Ø Shallow zones of near-mine remnant 00 mineralization discovered fee in Nov 2019 t/1 Ø Potential to add low-cost ,6 production 67 Ø Achieves Titan's strategy me o
Slide 12: Excellence in Exploration
EXCELLENCE IN EXPLORATION MAHLER MUD POND NEW FOLD UNDERGROUND DRILLING ESM #4 Mine Utilizing Company-owned and operated underground drills (<$20/ft) Delineation of additional mineralization in Mahler, Mud Pond and New Fold Fowler ESM #3 mine (Historic) Davis Data used to refine current mine plan in
Slide 13: Resource Expansion Potential at #4 and #2D
RESOURCE EXPANSION POTENTIAL AT #4 AND #2D Ø #4 mine – mineralized zones generally plunge to northeast; potential to extend zones up and down-plunge Ø #2D zone – More than 2,000ft of strike length and open down-plunge and laterally; connected by historic infrastructure on 2500 level to the #4 shaft
Slide 14: District Exploration – 2022 Plan
DISTRICT EXPLORATION – 2022 PLAN District Exploration Ø Focused on areas of untested geologic, geochemical, and geophysical potential. • Currently drill testing the Rossie – Beaver Creek – Maple Ridge Trend Ø Surface geochemical sampling to further define past occurrences and extend known mineraliza
Slide 15: Mineral Resources
MINERAL RESOURCES Underground as of October 1, 2020 Tons Zn Contained Pounds Category (000’s US short tons) (%) (M Lbs) Measured 190 13.56 51.6 Indicated 1,524 11.49 350.3 Measured + Indicated 1,714 11.72 401.9 Inferred 6,551 11.11 1,455.6 Notes: Mineral Resources are not Mineral Reserves and do not
Slide 16: Appendix
APPENDIX Zr TITAN
Slide 17: Our Approach to Sustainability
OUR APPROACH TO SUSTAINABILITY GUIDING Our employees are governed by a commitment to integrity, trust, community involvement as well as environment and social stewardship APPROACH Our projects are developed with the goal of delivering long-term mutual economic benefits for employees, communities, lo
Slide 18: History of Exploration Success
HISTORY OF EXPLORATION SUCCESS | Potential for Additional Discoveries Long Production History with Numerous Many discoveries made during Discoveries a century of mining operations 120000 Minimal exploration during 2000- New (Hyatt) West Branch (Hyatt) 2010 period Edwards (1903) Hyatt (1917) #2 (1927
Slide 19: The Right People | Best-in-Class Leadership
THE RIGHT PEOPLE | Best-in-Class Leadership Richard Warke | Executive Chairman Consistent record of creating shareholder value at Augusta Group Donald Taylor | CEO 25+ years of mineral exploration experience Discovered world-class Taylor sulphide deposit – winner of PDAC’s 2018 Thayer Lindsley Award
Slide 20: Non-GAAP Financial Measures | Free Cash Flow
NON-GAAP FINANCIAL MEASURES | FREE CASH FLOW Free Cash Flow is a non-GAAP measure. The Company believes this measure is a useful indicator of its ability to operate without reliance on additional borrowing or usage of existing cash. Free Cash Flow is intended to provide additional information only a
Slide 21: TSX: TI
TSX: TI Email: info@titanminingcorp.com Phone: 604-687-1717 www.titanminingcorp.com