Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — IMARC Mines & Money 2021
27 slides from Theta Gold Mines's conference presentation, Oct 19, 2021
Slide 1: Investor Presentation: High Growth, Low Cost Gold Developer
For personal use only AISC $905 USD 580 koz Mining Reserve & growing Targeting organic 160 kozpa production 620 km2 of pregnant goldfield South Africa a real home of Gold INVESTOR PRESENTATION Top 3 undeveloped gold resource on the ASX - IMARC Mines & Money 2021 not owned by majors High Growth, Low
Slide 2: Disclaimer
DISCLAIMER For personal use only Forward looking and cautionary statements Disclaimer and Competent Persons Statement This announcement or presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could be considered forward looking statements. Forward lo
Slide 3: Company Overview
For personal use only COMPANY OVERVIEW Initiating the Incorporating only Rapid production Controls over Theta Gold Mines Limited controls the operationalisation 6 of more than 40 ramp-up over the 62,000 hectares of Eastern Transvaal Gold Fields, where gold mining rights of its development- previousl
Slide 4: South Africa - An Attractive Investment Destination
SOUTH AFRICA - AN ATTRACTIVE INVESTMENT DESTINATION SOUTH AFRICA - 16% OF THE AFRICAN CONTINENT’S GDP For personal use only Logistical Advantages • Largest road system network in Africa Jurisdiction Benefits • Local commercial airports • Close to Johannesburg industrial hub • English Common Law • De
Slide 5: Capital Structure & Information
CAPITAL STRUCTURE & INFORMATION TGM CHART For personal use only $0.40 $0.35 Ordinary Shares Dual-listed on ASX: TGM | 524.71m $0.30 OTC: TGMGF Unlisted options and $0.25 management performance 67.76m 5 rights $0.20 Market Capitalisation ~A$105M (18 October 2021, (~US$72M) Oct Nov Dec 2021 Feb Mar Ap
Slide 6: Core Team
For personal use only CORE TEAM TGME Plant Office COO / CEO / Mine Manger / Chairman / SA Director / SA Director Trial Mining Opening Up Jacques Du Trio / Mitford Mundell / Freddy Leshoto Moketla / Bill Guy / Terrence Mokale / Finn Behken (ex-Harmony / ex-Harmony / ex-Harmony / ex-Jupiters / Sibanye
Slide 7: South Africa's Golden Triangle
SOUTH AFRICA’s “GOLDEN TRIANGLE” Theta Gold – 6.1Moz Au Developer – to produce >160Kozpa Theta’s For personal use only Eastern Transvaal Goldfields South Africa host the 3rd largest gold reserves in the world (~6,000t Au) Barberton Greenstone Witwatersrand Goldfields Goldfields West Wits Mining (ASX
Slide 8: Our Geology / Our Mining Rights
OUR GEOLOGY / OUR MINING RIGHTS “Our Mining Leases, covering one of the most AMAZING geological structure where the gold is trapped between both the Chemical Traps & For personal use only Structural Traps, all linked to the one-and-only Bushveld Complex” 8 CORPORATE PRESENTATION – October 2021 (ASX:
Slide 9: TGME Underground PFS
TGME UNDERGROUND PFS INITIAL 16 % OF UNDERGROUND MINERAL For personal use only RESOURCE Pay-back period from Pay-back period from start of mining 22 first gold 13 months months By third year of production, 419 Koz delivered to almost 70 koz / year plant over Life of Mine (3 production units) 9 Life
Slide 10: Low-Cost Sustainable Gold Producer with High Margins
LOW-COST SUSTAINABLE GOLD PRODUCER WITH HIGH MARGINS Theta’s initial production would sit comfortably at the bottom 25 percentile in the cost rankings For personal use only TGME Gold Project (~A$1210) 10 AISC Curve Public Reported by Australian/New Zealand producing Mines | June Qrt 2021 Source: Aur
Slide 11: Optimised Resource Use Producing High Grade Ore
For personal use only OPTIMISED RESOURCE USE PRODUCING HIGH GRADE ORE Theta’s expected production grade sits within the top 25% percentile among Australian producing peers TGME Stage 1 to recover 353Koz @ 5.51g/t Au TGME Gold global resources 11 6.1Moz @ 4.17g/t Au Mill Feed /Head Grade Public Repor
Slide 12: Targeting >160,000 Ounces Annual Production
For personal use only TARGETING >160,000 OUNCES ANNUAL PRODUCTION Now Future Development Drill Rig First Economic Studies Solid Growth Potential completed • First three-mine operation, central • Develop multiple mines, reaching plant and tailings facility >60koz/a >160koz/a within five years, from @
Slide 13: TGME Northern Tenements
For personal use only TGME NORTHERN TENEMENTS New access into old adits, sampling Q4 2021 planned 13 CORPORATE PRESENTATION – October 2021 (ASX: TGM | OTC: TGMGF | FSE: TGMGF)
Slide 14: Environmental, Social & Governance (ESG)
For personal use only ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ESG IS INTEGRAL TO THE DEVELOPMENT STRATEGY AND IS BASED ON: • Holistic risk management • Conservation of biodiversity • Zero harm approach to health and safety • Responsible production practices • Environmental stewardship • Positive im
Slide 15: September 2021 - A Rather Busy Month
SEPTEMBER 2021 – A RATHER BUSY MONTH • Mine site staff and labour Covid-19 vaccinations For personal use only completed • Covid-care training • Underground safety training • Frankfort Mine underground adit re-opening • Adits support • Trial mining and sampling preparations CORPORATE PRESENTATION – O
Slide 16: October 2021 - Trial Mining and DFS in Progress
OCTOBER 2021 - TRIAL MINING AND DFS IN PROGRESS For personal use only • Trial mining is advancing at Frankfort mine • The results from this program being is instrumental for determining and optimizing the selected mining and blasting method • Results from the trial mining and further metallurgical t
Slide 17: Beyond the First UG Mines - Many More Accessible Targets
BEYOND THE FIRST 6 UG MINES – MANY MORE ACCESSABLE TARGETS UNDER INVESTIGATION For personal use only Desire Mine access and pre-development 5 2 3 Modern mining and treatment methodologies enable 1 low-cost operations (AISC US$900/oz) and reserve expansion LEGEND 1. Beta First three-mine operation, V
Slide 18: Beyond the First UG Mines - Many More Accessible Targets
BEYOND THE FIRST 6 UG MINES – MANY MORE ACCESSABLE TARGETS UNDER INVESTIGATION For personal use only Modern mining and treatment methodologies enable low-cost operations (AISC US$900/oz) and reserve expansion Various expansion opportunities to increase production and the resource base for >3 decades
Slide 19: Ramping Up to Production
RAMPING UP TO PRODUCTION RESOURCE UPDATE For personal use only Further metallurgical test work FUNDING continue on Sulphide ore from Q3 PERMITTING Frankfort Mine and free milling ore from Beta Mine 2021 Beta Mine South Sampling Program Permitting activities focused Q3 Q3 2021 – Beta southern section
Slide 20: Compelling Investment Rationale
For personal use only COMPELLING INVESTMENT RATIONALE SIZE INVESTOR POTENTIAL GROWTH LOW-COST EXPERIENCED FLEXIBILITY POSITIVE VALUE PRODUCER TEAM SOCIO-ECONOMIC IMPACT +6Moz of Gold Undervalued Low-cost expansion +160koz pa (within 5 Production costs Resource Multiple entry points 1,500 jobs create
Slide 21: Timing Is Everything
For personal use only TIMING IS EVERYTHING Continuous Production Growth Timing of Entry 21 CORPORATE PRESENTATION – October 2021 (ASX: TGM | OTC: TGMGF | FSE: TGMGF) 21
Slide 22: Question Time
For personal use only Question Time Bill Guy – Chairman Email: billg@thetagoldmines.com www.thetagoldmines.com https://twitter.com/ThetaGoldMines Ticker: TGM (trade in AU$) Ticker: TGMGF (trade in US$) 22 CORPORATE PRESENTATION – October 2021 (ASX: TGM | OTC: TGMGF | FSE: TGMGF) 22
Slide 23: Appendix
For personal use only APPENDIX 23 CORPORATE PRESENTATION – October 2021 (ASX: TGM | OTC: TGMGF | FSE: TGMGF) 23
Slide 24: Combined Mineral Resources Statement (~6.1Moz)
For personal use only COMBINED MINERAL RESOURCES STATEMENT (~6.1Moz) Combined Mineral Resource Resource Classification Type of Operation Tonnage Gold Grade Gold Content Mt g/t Kg koz Underground 0.091 5.37 489 15.7 Measured Open pit Tailings Total Measured 0.091 5.37 489 15.7 Underground 4.774 6.21
Slide 25: Mineral Resources Statement - Underground (~4.5Moz)
For personal use only MINERAL RESOURCES STATEMENT - UNDERGROUND (~4.5Moz) Mineral Resource Reef Grade Stope Grade Reef Width Stope width Content Reef Tonnes Stope Tonnes Au Content Mine Reef Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73 103 520 0.069 0.091
Slide 26: Mineral Resources Statement - Open Pits (~1.4Moz)
For personal use only MINERAL RESOURCES STATEMENT – OPEN PITS (~1.4Moz) Reef Grade Reef Width Content Reef Tonnes Au Content Mineral Resource Classification Open Pit Mine Reef g/t cm cm.g/t Mt kg koz Hermansburg Eluvial 1.79 0 0 0.505 905 29.1 DG1 Eluvial 2.24 0 0 0.640 1 432 46.0 DG2 Eluvial 0.66 0
Slide 27: Ore Reserve Statement
For personal use only ORE RESERVE STATEMENT Grade Tonnes Au Content Ore Reserve Classification Operation g/t kt kg koz Proved 4,24 60 254 8,16 Frankfort Total Proved 4,24 60 254 8,16 6,51 1 662 10 822 347,94 Beta Frankfort 4,11 259 1 063 34,16 Probable CDM 2,31 385 889 28,58 Theta Project (MR 83) 2,