Theta Gold Mines Ltd. · ASX:TGM

Theta Gold Mines — Investor Presentation (October 2020)

19 slides from Theta Gold Mines's investor presentation, Oct 27, 2020

  1. Slide 1: Company Presentation

    Company Presentation Chairman – Bill Guy October 2020 ASX: TGM, TGMO | OTCQB: TGMGF www.thetagoldmines.com

  2. Slide 2: Disclaimer

    Disclaimer 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 DISCLAIMER be considered forward looking statements. Forward looking state

  3. Slide 3: Key Updates

    Key Updates TGMO Listed Options Expiring 31st October 2020 - 33.75m (A$ 0.30 exercise price) Stage 1 Theta Starter-pits：  Confirmation letter received from the Department of Mineral Resources & Energy (“DMRE”) supporting the Company’s application to amend Environmental Authorisation (“EA”) to MR83

  4. Slide 4: Theta Controls A Very Large Gold Field

    Theta Controls A Very Large Gold Field 6Moz+ 6.7Moz+ Group JORC Resources (44.8Mt @ 4.18g/t Au) GOLD+ Gold already produced since 1870s. 1.3 Moz open cut resources The No.1 gold discovery in South (13.08Mt @ 3.12g/t Au). THETA CONTROLS THE Africa before the Witwatersrand. EASTERN TRANSVAAL 4.5 Moz u

  5. Slide 5: South African Junior/Mid-tier Producer/Developers

    South African Junior/Mid-tier Producer/Developers Theta Gold - 6Moz Developer targeting >160Koz (from 50Koz) starting 2021 [MC: AU$140m] Eastern Transvaal Goldfields 100km Witwatersrand Goldfields Barberton Greenstone Goldfields West Wits Mining (ASX) DRD Gold (NYSE/JSE) Pan African Resources (LSE/J

  6. Slide 6: Corporate Overview / Board of Directors

    Corporate Overview / Board of Directors Bill Guy – Chairman Company Snapshot  Ex-Jupiter Mines Ltd (ASX: JMS) Chief Exploration Manager. (Jupiter was/is controlled by London based Pallinghurst Group, Chairman ~458.92m Mr. Brian Gilbertson was former Chairman/CEO BHP Billiton) Ordinary Shares  >25y

  7. Slide 7: Senior Management – In-country Execution Team

    Senior Management – In-country Execution Team Mitford Mundell (Metalliferous Mining, MBA) – CEO (Africa)  Former CEO of Namakwa Diamonds, commissioned and expanded profitable production, extended a 3 year LoM to +20 years  >14 years at Harmony Gold, rising ranks to General Manager and Business Coa

  8. Slide 8: Building up to a >160,000oz Au Production Profile

    Building up to a >160,000oz Au Production Profile 62,000 Hectare Stage 2: Theta Southern Stage 1: Theta Project tenements Extension Pits (MR341) Starter Pits (MR83) • Currently approximately 500Koz • Recover 234.06Koz Au over open-pit resources to be converted 6.5 years (600Ktpa production) Pilgrim’

  9. Slide 9: Theta Project Starter-pits (MR83) Optimised Feasibility Study

    Theta Project Starter-pits (MR83) Optimised Feasibility Study Stage 1 Theta Starter-pits：  Annual production planned for 600Ktpa, mine life of 6.5 years to recover a total of 234Koz gold  Recently purchased a 1.2Mtpa Ball Mill – easy to double up production for Stage 2 pit extensions.  Low CapEx

  10. Slide 10: Stage 1 & 2 (Open-pits), and 4 (UG) - 3D Visual

    Stage 1 & 2 (Open-pits), and 4 (UG) - 3D Visual Ore bodies Bird-eye view: South to North Green: M/I Blue: Inf 1km MR83 Beta UG Theta Open-pits Underground view MR341  Theta Starter Open-pits Project sits within MR83 o Current completed FS includes MR83 Green: M/I Blue: Inf three pits: Columbia Hill

  11. Slide 11: Underground work in progress

    Underground work in progress Underground Engineering Drilling in Modern underground mining methods & technologies to boost Theta’s progress – results due from November 2020. underground mine economics:  Modern mining methods – to recover maximum grade with improved strip ratios  Modern gold proces

  12. Slide 12: Mature And Developed Gold Market

    Mature And Developed Gold Market IMPORT/ EXPORT RSA RESERVE BANK UNFINISHED GOLD/ PREMITS PRECIOUS (REGULATES GOLD DORE BAR METALS PRICES, TRADING REGULATOR; RSA AND TAXATION) Largest refinery in Africa. Registered under the London MINING OPERATIONS Bullion Market Association who sets the refining s

  13. Slide 13: Corporate Structure

    Corporate Structure 26% 100% Other CIL Plant & Infrastructure Transvaal Gold Shareholders Mining Estates 100% Ltd (TGME Est. 74% 1895) 100% Theta Gold Mines 9 Mining Rights (>620sqkm) Theta Gold Limited SA (Pty) Ltd (ASX:TGM,TGMO OTCQB:TGMGF) 74% Sabie Mines 100% Operating company for (Pty) Ltd tene

  14. Slide 14: Resources Tables

    Resources Tables Combined Mineral Resources as at 16 May 2019 Gold Notes: Mineral Resource Tonnage Gold Content Type of Operation Grade Classification • Columns may not add up due to Mt g/t Kg koz rounding. Measured Underground 0.091 5.37 489 15.7 • Gold price used for the cut-off calculations is US

  15. Slide 15: Resources Tables

    Resources Tables Total Theta Project - Mineral Resources, 16 May 2019 Notes: Reef Reef Mineral Resource Reef Width Content Au Content Open Pit Mine Reef Grade Tonnes • Theta Project (Theta Hill, Classification g/t cm cmgt Mt Kg koz Browns Hill and Iota) cut-off is Theta & Browns Hill Shale 1.02 200

  16. Slide 16: Resources Tables

    Resources Tables Theta Project Ore Reserves for MR83 only, 16 May 2019 (The Ore Reserves exclude Inferred Mineral Resources). Notes: Mineral Resource Grade Reef Tonnes Au Content Pit • Totals in the Ore Reserve may Category in LoM Plan g/t kt kg oz not add-up due to rounding. Probable Browns Hill 3.

  17. Slide 17: Key Stock Exchange Releases over last 24 months

    Key Stock Exchange Releases over last 24 months Key Project Progress Key Corporate Changes 30 Jul 2020 Geotechnical Drilling and Geophysics for Starter Theta Pit 09 Sep 2020 Theta Appoints Two ex-Harmony 20 Jul 2020 Theta Selects Digmin as Preferred Mining Contractor Gold specialists to Leadership 2

  18. Slide 18: Why Invest in Theta?

    Why Invest in Theta? Why Invest in Theta Gold Now： What is Theta Worth: 1.Replacement Cost for 6Moz Resources (~US$45/oz1 ?) Discovery cost less than 0.7% (US$12/oz) of current gold price 2.Replacement Cost for existing infrastructure incl. underground workings, permitted plant & TSF, Transitionin

  19. Slide 19: THANK YOU

    THANK YOU Tickers: TGM Tickers: TGMGF Bill Guy – CHAIRMAN E: billg@thetagoldmines.com Ben Jarvis – Six Degrees Media E: ben.jarvis@sdir.com.au Michael Porter – US Investor Relations Porter, Levay & Rose E: theta@plrinvest.com www.thetagoldmines.com 19

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