Tres-or Resources Ltd. · TSXV:TRS
Tres-or Resources — Investor Presentation (May 2019)
37 slides from Tres-or Resources's investor presentation, May 2019
Slide 1: Properly Assessing the Guigues Kimberlite Pipe in Québec's Lac Timiskaming Kimberlite Field
Properly Assessing the Guigues Kimberlite Pipe in Québec’s Lac Timiskaming Kimberlite Field using Modern Microdiamond Testing for the First Time May 2019 Investor Presentation TSXV: TRS
Slide 2: Cautionary Notes
Cautionary Notes Forward-Looking Statements This presentation contains projections and forward-looking information that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization, resources, reserves, exploration results and pl
Slide 3: Why Now is the Time to Invest in Tres-Or
Why Now is the Time to Invest in Tres-Or There has never been a lower-risk and higher-reward time to invest in Tres-Or § Diamond miners are depleting reserves faster than they can replace them § All advanced-stage projects have been acquired or joint-ventured § Few explorers and no new meaningful di
Slide 4: Capital Structure and Significant Shareholders
Capital Structure and Significant Shareholders Significant insider ownership means management has skin in the game Shares Outstanding1 106,942,968 High Management Ownership6 Stock Option Plans2 10,550,000 William Moure (Chairman): 12.4% Warrants3 none Laura Lee Duffett (CEO): 7.5% Fully Diluted 117,
Slide 5: Senior Management & Technical Team
Senior Management & Technical Team A highly experienced diamond-exploration focused management and technical team Laura Lee Duffett, P.Geo. Gareth E. Mason, B.Comm. President, CEO, & Director CFO, Corporate Secretary, and Director § 30 years of experience exploring for § More than 30 years of diamon
Slide 6: Diamonds Are Forever, But Mine Supply Isn't
Diamonds Are Forever, But Mine Supply Isn’t Market fundamentals are bullish as forecasted demand is strong and mine supply is tight 6 TSXV: TRS
Slide 7: The Guigues Kimberlite Pipe Project
The Guigues Kimberlite Pipe Project Guigues is in a highly desirable location with infrastructure in a Tier 1 mining jurisdiction § Québec is a premier mining jurisdiction § Québec is consistently ranked as one of the top mining jurisdictions globally § Highly prospective geology for diamonds § Lake
Slide 8: Guigues Project Property Location
Guigues Project Property Location The Guigues Project is conveniently located 10 km from Notre-Dame-du-Nord, Québec Ontario Québec Notre-Dame-du-Nord Hydro-Electric Dam 💎💎 Lac Timiskaming 5 km 8 TSXV: TRS
Slide 9: Strong Timiskaming First Nation Relations
Strong Timiskaming First Nation Relations Tres-Or has a long-term and respectful relationship with the Timiskaming First Nation § MOU with the Timiskaming First Nation § For the exploration and development of mineral properties on all Timiskaming First Nation § Signed in 2003 and indefinitely extend
Slide 10: The Life of a Diamond Exploration Company
The Life of a Diamond Exploration Company The Guigues kimberlite pipe has been advanced to the drill-ready stage ✓Early Exploration § Archean diamondiferous craton § Reconnaissance till sampling § Local prospecting & till sampling Build a Mine Target Drill Testing (2019) § Core drilling for sample c
Slide 11: A Tale of Two Kimberlite Pipes with Eclogites
A Tale of Two Kimberlite Pipes with Eclogites A historical overview of the Victor and Guigues kimberlite pipes De Beers discovers Victor pipe § Chemistry did not match S. African model § Evaluation work ceases § Claims retained due to assessed work De Beers systematically explores for diamonds in Ea
Slide 12: Recent Guigues Indicator Chemistry
Recent Guigues Indicator Chemistry Eclogite garnets with diamond inclusion (DI) compositions, similar to the Victor and U2 pipes Guigues Kimberlite Cr-Poor Garnets (<0.75% Cr2O3) (bubble diameter is proportional to CaO ) 1.50 1.40 1.30 1.20 te ui 1.10 tss r ys 1.00 ac eg 0.90 o rm o 0.80 -p Cr 0.70
Slide 13: Guigues is Highly Prospective for Diamonds
Guigues is Highly Prospective for Diamonds The Guigues kimberlite pipe is highly prospective and similar to the Victor and U2 pipes De Beers Metalex Tres-Or Victor Mine U2 Pipe Guigues Pipe Archean-aged Superior Craton? ✓ ✓ ✓ Lake Timiskaming Structural Zone Extension ✓ ✓ ✓ Eclogite garnets with dia
Slide 14: Guigues is a Large and Prospective Pipe
Guigues is a Large and Prospective Pipe 2015 helicopter-borne magnetics and 3D inversion model help define the size of the prize ~7 hectares (~15 football fields) 14 TSXV: TRS
Slide 15: Five Drill Holes Planned for Guigues in 2019
Five Drill Holes Planned for Guigues in 2019 Drill program to collect samples from several phases of the pipe for microdiamond test work 2009 Geochem Drill Hole Proposed Diamond Drill Pad Proposed Diamond Drill Hole Pipe’s Botanical Anomaly 15 TSXV: TRS
Slide 16: Other Nearby Targets to be Prioritized in 2019
Other Nearby Targets to be Prioritized in 2019 More than a dozen priority targets to be field assessed and plans to drill at least two in 2019 16 TSXV: TRS
Slide 17: 2019 Exploration Work Program Budget
2019 Exploration Work Program Budget Work program will generate a steady flow of exciting news starting in Q3-2019 Guigues Drilling & Modern Microdiamond Testing $440,000 § Diamond drilling (5 holes x 300m/hole x $150/m) $225,000 § Caustic fusion testing (5 holes x 250kg/hole x $100/kg) $125,000 § C
Slide 18: Expected Exploration Milestones & News Flow
Expected Exploration Milestones & News Flow 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Financing Discussions Exploration Planning Exploration Permitting & Consultation Regional Till Sampling – Surface Indicator Chemistry Results Regional Till Sampling with RC drilling Indicator Chemistry Results ✭✭✭ Drill 2 High-P
Slide 19: Canadian Diamond Projects
Canadian Diamond Projects The Guigues Project is near infrastructure and has lower development hurdles Tres-Or Project Location Diamond Mine Former Mine Advanced Project Exploration Project Chidliak Jericho Naujaat Ekati Snap Lake Diavik DO27 Kennady North Gahcho Kué Renard U2 Adamantin Victor FalCo
Slide 20: Canadian Diamond Explorers by Market Cap.
Canadian Diamond Explorers by Market Cap. Tres-Or is an attractive investment opportunity relative to its peers Canadian-listed Diamond Explorers (market capitalization, excludes DIAM) $12,000,000 Grassroots Targeted Explorers Explorers ($6.9MM average market cap.) $10,000,000 Capitalization $8,000,
Slide 21: Canadian Diamond Explorers
Canadian Diamond Explorers Tres-Or is an attractive investment opportunity relative to its peers 1 Canadian-listed Diamond Explorers Comparative Analysis, Sorted by Estimated Enterprise Value May 22, 2019 Grassroots Primary Project Location TSXV Shares (basic) Share Price Market Cap. E.V. Comments G
Slide 22: What a Diamond Mine Discovery Looks Like
What a Diamond Mine Discovery Looks Like Finding an economic diamond deposit can result in staggering wealth creation Diavik Discoveries Diavik goes into production 4 economic pipes discovered Bulk Samples Discovery of the Ekati Diamond Mine Discovery of the Diavik Diamond Mine § Chuck Fipke’s DiaMe
Slide 23: Investment Opportunity Summary
Investment Opportunity Summary There has never been a lower-risk and higher-reward time to invest in Tres-Or § Diamond miners are depleting reserves faster than they can replace them § All advanced-stage projects have been acquired or joint-ventured § Few explorers and no new meaningful discoveries
Slide 24: The History of Tres-Or … So Far
Appendix: The History of Tres-Or … So Far Tres-Or (briefly) becomes a placer gold miner in Ghana Tres-Or options Duvay Project in Québec Tres-Or is the leading Lake Temiskaming Tres-Or options Fontana Project in Québec diamond exploration company Tres-Or options Duvay to Aurizon § Fixed-wing airborn
Slide 25: Shallow RC Drilling for Samples (2009)
Appendix: Shallow RC Drilling for Samples (2009) Samples were collected from the top of the pipe for KIM for electron microprobe test work 25 TSXV: TRS
Slide 26: Guigues Kimberlite Pipe Garnets
Appendix: Guigues Kimberlite Pipe Garnets All Garnets - Guigues Kimberlite Bubble diameter proportional to TiO2 Mn avg = 0.35% MnO n = 704 14 13 12 Harzburgite garnets 11 10 9 ond m e 8 Dia phit nt Cr2O3 a i 7 Gr stra n 6 co te 5 oli erz 4 Lh 3 2 1 Eclogite garnets 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13
Slide 27: Guigues Kimberlite Cr-poor Garnets
Appendix: Guigues Kimberlite Cr-poor Garnets Eclogite garnets with diamond inclusion (DI) compositions Guigues Kimberlite Cr-poor Garnets (<0.75% Cr2O3) (bubble diameter is proportional to CaO) 1.50 1.40 1.30 1.20 ite s su Priority eclogite 1.10 t cr ys garnets with diamond 1.00 a eg inclusion 0.90
Slide 28: Guigues Kimberlite Chrome Diopside
Appendix: Guigues Kimberlite Chrome Diopside Chrome diopsides from the diamond stability field are encouraging Guigues Kimberlite Chrome Diopside (method after Nimis and Taylor, 2000) 1,600 1,400 Temperature (°C) 1,200 d el Geotherm 38 W/m2 Fi 1,000 ty ili ab St d 800 el te Fi hi ty ap ili Gr ab 600
Slide 29: Guigues Chromite
Appendix: Guigues Chromite Chromite with diamond inclusion compositions All Guigues Chromites n = 150 80 70 Diamond inclusion chromites 60 Cr2O3 50 40 30 20 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 MgO All Guigues Chromites n = 150 80 70 60 Cr2O3 50 40 30 20 0 1 2 3 4 5 6 7 8 9 10 11 12
Slide 30: Guigues Mg-Ilmenite
Appendix: Guigues Mg-Ilmenite Mg-ilmenite of kimberlite origin Guigues Kimberlite - All Mg-ilmenite (bubble area proportional to Al2O3) n = 317 8.0 7.5 7.0 6.5 Multiple Mg-ilmenite 6.0 Evolution trends 5.5 5.0 4.5 Cr2O3 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 0 1 2 3 4 5 6 78 9 10 11 12 13 14 15 16 MgO
Slide 31: Diamond Market Research Links
Appendix: Diamond Market Research Links Paul Zimnisky, CFA, is widely recognized as a leading analyst in the diamond industry § Investor Sentiment in Diamond Mining Stocks Makes for a Contrarian Play (The Northern Miner, 5 April 2019) § Replenishing Economic Diamond Resources, A Daunting Task for Mi
Slide 32: Forecasted Diamond Mine Closures
Appendix: Forecasted Diamond Mine Closures Several large mines are in their twilight years – and Victor has already closed 32 TSXV: TRS
Slide 33: Diamond Supply Growth Outlook
Appendix: Diamond Supply Growth Outlook The optimistic scenario suggests that diamond production will stay flat or decline slightly 33 TSXV: TRS
Slide 34: Executive Management Team
Appendix: Executive Management Team Laura Lee Duffett, P.Geo. Throughout her successful 30-year career, Ms. Duffett has gained significant profile as a President, CEO, and Director senior manager of leading companies in the Canadian junior mineral exploration industry. A member of the Professional A
Slide 35: Independent Directors
Appendix: Independent Directors William Moure, M.Sc., P.Eng Mr. William (Bill) Brent Moure is a practicing engineer, registered with the Association of Chairman & Largest Shareholder Professional Engineers and Geoscientists of Alberta. Mr. Moure is a graduate of the University of Alberta with a M.Sc
Slide 36: Directors & Advisors
Appendix: Directors & Advisors Louie A. Spedaliere, LL.B Mr. Louie Anthony Spedaliere is an independent director who joined the Board of Director Directors in January of 2018. Mr. Spedaliere’s academic background includes studies in Law at Carleton University, Ottawa, Ontario, Canada in 1994-1997; t
Slide 37: For Additional Information
For Additional Information Please contact: Laura Lee Duffett, P.Geo. President and CEO +1 (604) 541-8376 laura@tres-or.com www.tres-or.com