Tvi Pacific Inc. · TSXV:TVI
Tvi Pacific — Investor Presentation (June 2024)
39 slides from Tvi Pacific's investor presentation, Jun 27, 2024
Slide 1: TVI Pacific Inc. Corporate Presentation
TVI Pacific Inc. Corporate Presentation Siana’s ongoing round-the-clock operations taken at dusk (TVIRD file photo) www.tvipacific.com TSX-V: TVI | OTC Pink: TVIPF
Slide 2: Qualified Person Statement and Disclaimer
Qualified Person Statement and Disclaimer Qualified Person Michael Bue, Bsc. Eng, M.Eng, P.Eng, a member of the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy, is the qualified person under NI43-101 who has approved the scientific and technical information in this
Slide 3: The Philippines – Open for Mining
The Philippines – Open for Mining Country positioned for large scale project development 56 metallic mines in Mining sector valued at operation as of 2024 $1.4 trillion 298 MPSAs 6 FTAAs 2nd largest global 3rd largest global copper gold endowment endowment Country rated as Improved regulatory landsc
Slide 4: The Philippines – Open for Mining
The Philippines – Open for Mining Country positioned for large scale project development Government Turns to Mining “Heeding the call of business groups, the Marcos administration is turning to mining that could help ensure a sustainable recovery of the Philippine economy from the disruptions of the
Slide 5: TVI Pacific Inc. Overview
TVI Pacific Inc. Overview • TSXV-listed Canadian resource company focused on the production, development, exploration and acquisition of diversified resource projects in the Philippines. • Through its 30.66%-owned private Philippine operating affiliate, TVI Operations at Agata direct shipping Resour
Slide 6: Investment in TVIRD – Key Activities & Project Locations
TVI Pacific Inc. Investment in TVIRD – Key Activities & Project Locations TVIRD’s current focus includes: ➢ Operating the Balabag Gold-Silver Mine and adding additional reserves through ongoing exploration ➢ Ramping up the Siana Open-pit Gold Mine and underground MABILO pre-development activities Co
Slide 7: Value Proposition
TVI Pacific Inc. Value Proposition 1. Through its operating affiliate, TVIRD, TVI has a 30.66% interest in two (2) operating mines, three (3) pre-development projects and exploration of other properties. 2. TVI’s current focus is on many key commodities, including: ✓ Gold and Silver – continuing imp
Slide 8: Value Proposition (2)
TVI Pacific Inc. Value Proposition (2) 5. Expansion potential: Management considers the Balabag, Siana and Mapawa projects to have considerable potential to expand reserves and resources 6. Access to Capital: TVIRD has direct access to capital and has the ability to finance its growth across various
Slide 9: Share Structure
TVI Pacific Inc. Share Structure Issued & Outstanding Shares 728.59 million Shares Fully Diluted 747.39 million 52 Week High/Low C$0.035/$0.015 Market Capitalization (as at May 31, 2024) C$10.93 Million Insider Share Direct / Fully Diluted 24.90% / 26.64% As announced on May 29, 2024, TVI Pacific In
Slide 10: Overview
TVI Pacific Inc. Overview Shareholdings & Project Timeline of the TVI Group in the Philippines TVI Resource Development Phils. Inc. (30.66% TVI Pacific Inc. / 68.42% Prime Resource Holdings Inc.) Canatuan Agata Balabag Siana Pan de Mabilo Gold & Silver Agata 2004-2008 Nickel Gold & Gold & Azucar Gol
Slide 11: Investment in TVIRD
TVI Pacific Inc. Investment in TVIRD TVIRD’s Operating Mines as of 2023 Balabag Gold-Silver Mine Siana Gold Project Balabag Gold-Silver Plant in May 2023, of Siana Gold Project in Surigao del Norte, of which TVIRD holds a 100% interest which TVIRD holds 100% interest www.tvipacific.com TSX-V: TVI |
Slide 12: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Ownership: 100% owned by TVIRD Mineral Production Sharing Agreement (“MPSA”): ✓ Covers 4,779 hectares; ✓ Renewed by the Department of Environment and Natural Resources (“DENR”) for another twenty-five (25) year-period through to November 20, 2047; ✓
Slide 13: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Mineral Resource Estimate by J. Zafra, July 2021 • TVIRD has continued to explore the main Balabag Hill and has completed a further 11,094 meters of diamond drilling Category Tonnage (Mt) Au g/t Ag g/t AuEq g/t AuEq (Koz) through 191 additional drill
Slide 14: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine www.tvipacific.com TSX-V: TVI | OTC Pink: TVIPF
Slide 15: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Combined Phase 7 & 8 Exploration drilling program is currently ongoing with the objective of increasing the existing Mineral Resource of Balabag Hill. TINAGO ✓ 10,000-meter diamond drilling campaign with average depth of 90-100 meters for 84 drillhol
Slide 16: TVIRD’s Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Summary of Drilling Campaign at Balabag Project Campaign Drill Type No. of Holes Meterage Pre-2018 DD 301 34,748.8 PHASE 1 DD 12 1,068.1 PHASE 2 DD 16 1,287.45 PHASE 3 DD 25 1,884.45 PHASE 4 DD 39 3,045.95 PHASE 5A DD 16 2,155.45 PHASE 5B DD 31 4,221
Slide 17: Investment in TVIRD
TVI Pacific Inc. Investment in TVIRD TVIRD’s new and near operational projects GRC/Siana - Mapawa Gold Projects Siana Gold Project and the crushing circuit that forms part of the modern 1.1 million tonne per annum Outotec mill that commenced soft-commissioning in December 2022. www.tvipacific.com TS
Slide 18: TVIRD’s Siana – Mapawa Gold Projects
TVI Pacific Inc. TVIRD’s Siana – Mapawa Gold Projects Ownership: 100% owned and operated by TVIRD through Greenstone Resources Corporation (“GRC”) MPSA: ✓ Siana Mine - MPSA No. 184-2002-XIII covering 3,289 hectares, granted for 25 years with an expiry date of December 2027; Approved renewal of MPSA
Slide 19: Siana Gold Project Operating History & Updates
TVI Pacific Inc. Siana Gold Project Operating History & Updates ▪ 1938 to 1991: Suricon Consolidated Mining Company operated Siana as both an underground mine and an open pit mine. Nearly one million ounces of gold were produced through this period. ▪ 2003: GRC acquired Siana. ▪ 2010: GRC commenced
Slide 20: Siana Gold Project Operating History & Updates (2)
TVI Pacific Inc. Siana Gold Project Operating History & Updates (2) ▪ December 2022: TSF 6 construction substantially complete and operational. Rehabilitation and commissioning of the process plant likewise complete and ready for operation. ▪ January to August 2023: Milled the 365,248 tonnes margina
Slide 21: Siana Gold Project Feasibility
TVI Pacific Inc. TVIRD’s Siana Gold Project Feasibility Mineral Resource Estimate 2020 Indicated Resource Inferred Resource Cut-off Grade Project Tonnage (Mt) Au g/t Ag g/t Au (Koz) Tonnage (Mt) Au g/t Ag g/t Au (Koz) Au g/t Open Pit 0.86 1.60 2.90 4.85 149 0.20 1.92 1.96 13 Underground 1.76 3.93 4.
Slide 22: Siana Gold Project Feasibility
TVI Pacific Inc. TVIRD’s Siana Gold Project Feasibility www.tvipacific.com TSX-V: TVI | OTC Pink: TVIPF
Slide 23: TVIRD’s Mapawa Gold Project
TVI Pacific Inc. TVIRD’s Mapawa Gold Project As part of the GRC acquisition completed by TVIRD on September 20, 2021, TVIRD acquired 100% interest in the Mapawa Gold Project “Mapawa”. Mapawa is covered by MPSA No. 280-2009-XIII and extends over 1,482 hectares located as well in Surigao del Norte, Ph
Slide 24: TVIRD’s Proven Financing Record
TVI Pacific Inc. TVIRD’s Proven Financing Record US$73M Raised in the last five years Project Financing Status: A. BALABAG Loan Facility 1: Omnibus Loan and Surety Agreement with China Banking Corporation closed by TVIRD in October 2019. Amount: US $28.5 million Interest rate: 4.602% to 5.304% p.a.
Slide 25: TVIRD’s Proven Financing Record
TVI Pacific Inc. TVIRD’s Proven Financing Record Project Financing Status: B. GRC Loan Facility 3: Omnibus Loan and Surety Agreement with China Banking Corporation closed by TVIRD in December 2023. Amount: US $30 million Terms: Five (5) years repayment from drawdown; Fifteen (15) months grace period
Slide 26: Mabilo Project: Driving Towards Mine Development
Mabilo Project: Driving Towards Mine Development Preparations Underway for Stage 1 Initial DSO Operations ➢ Permitting is in progress for the following activities: • Tree cutting / clearing – coconut and secondary growth trees • Land conversion – from agricultural land to industrial use (all propert
Slide 27: TVIRD’s Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project Mineral Resource Estimate by CSA Global Ltd, November 2015 Cut-off Grade Category Domain Tonnage (Mt) Cu % Au g/t Ag g/t Fe % Cu (Kt) Au (Koz) Fe (Kt) Au g/t Oxide + Supergene 0.3 0.78 4.10 2.70 9.70 41.20 32 67 321 Indicated Fresh 0.3 8.08 1.70 2.00 9.80 46.0
Slide 28: TVIRD’s Mabilo Project
TVI Pacific Inc. TVIRD’s Mabilo Project Source: RTG Mining Inc. Corporate Presentation, “Developing the New High Grade Mabilo Mine”, dated November 2021, that may be found on the RTG website at: https://www.rtgmining.com/themencode-pdf-viewer/?file=https://www.rtgmining.com/wp-content/uploads/2021-1
Slide 29: TVIRD’s Mabilo - Nalesbitan Project
TVI Pacific Inc. TVIRD’s Mabilo - Nalesbitan Project Ownership: 60% owned by TVIRD through its indirect interest in Mt. Labo Exploration and Development Corporation (“MLEDC”), the owner and operator of Mabilo. TVIRD owns 100% of SageCapital Partners which in turn holds a 60% interest in MLEDC. MPSA:
Slide 30: TVIRD’s Mabilo - Nalesbitan Project
TVI Pacific Inc. TVIRD’s Mabilo - Nalesbitan Project Past Operating Highlights: ➢ Area was first worked for gold in the 1800’s with the Nalesbitan Hill deposits discovered in 1930 and mined underground between 1938- 1941 producing ore at an average grade of 5.3 g/y Au (Source: “Nalesbitan Hill – Min
Slide 31: TVIRD’s Mabilo - Nalesbitan Project
TVI Pacific Inc. TVIRD’s Mabilo - Nalesbitan Project Historical Estimate: ➢ Independent geological consultants, H&S Consultants Pty Ltd (“H&SC”) provided in accordance with the JORC Code an estimate of resources contained within the Nalesbitan Hill deposit for Sierra Mining Limited in 2012 (Source:
Slide 32: Pan De Azucar Project: Resource Estimation
Pan De Azucar Project: Resource Estimation Towards Declaration of Mining Project Feasibility: TVIRD initiated a drilling campaign to prove resources • Out of the thirty one (31) drill holes planned for the resource drilling program to block the minimum resource required by MGB, nineteen (19) were co
Slide 33: Agata Limestone Project: Ready for Operations
Agata Limestone Project: Ready for Operations Primed and Ready Resource estimates Note: The estimates stated above are not compliant with NI-43-101 1. Initial Resource – the Agata Limestone Project (ALP) project is majority-owned by TVIRD and has over 35.5 million tons of limestone grading (54.57% C
Slide 34: Agata Nickel Laterite Project: From Production to Sustainable Closure
Agata Nickel Laterite Project: From Production to Sustainable Closure Last shipment of successful nickel laterite DSO operations, transitioning into final mine rehabilitation • Agata performed five shipments from April to August 2023 – bringing the year’s total tonnage to 268,657 WMT. • This brings
Slide 35: A Legacy of Responsibility in Canatuan
A Legacy of Responsibility in Canatuan Ongoing Environmental Rehabilitation at 99.5% Completion • TVIRD is the first mining company licensed to operate under the Mining Act of 1995. It is also the first to commence final rehabilitation • It may also be the first to successfully conclude its final re
Slide 36: A Legacy of Responsibility in Canatuan
A Legacy of Responsibility in Canatuan Five times “greener” than before Trees Donated by TVIRD TVIRD planted and grown over 400,000 trees Trees Planted by TVIRD 50,000 during its operations in Canatuan – five times 391,000 higher in terms of forest density compared to before the company operated. 20
Slide 37: Supplemental Slides
- Supplemental Slides - www.tvipacific.com TSX-V: TVI | OTC Pink: TVIPF
Slide 38: Corporate Structure
Corporate Structure TVI Pacific Inc. TVI Pacific Inc. Corporate Structure (an Alberta Corporation) 14.4% 100% 100% 100% Mindoro Resources Ltd TVI Asia-Pacific Resources TVI Lim ited TG World Energy Corp. (a Canadian Corporation) (a Philippine company) (an Anguillian Corporation) (an Alberta Corporat
Slide 39: Project Summary
Project Summary Shipments Completed TVIRD Project Commodities Status Number Weight Comments Ownership Balabag Gold-Silver Mine 100% Au, Ag Operating 102 107,677.32 AuEq Shipm ents to June 10, 2024 oz Firs t s hipm ent: Sep.30.2021. Agata Nickel / Iron Mine 60% Ni - HFO, Saprolite Operating 382 21 m