Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Mines & Money African Opportunities (March 2022)
26 slides from Theta Gold Mines's conference presentation, Mar 11, 2022
Slide 1: High Growth, Low-Cost Gold Developer
For personal use only HIGH GROWTH, LOW-COST GOLD DEVELOPER 6.1MOZ GOLD RESOURCE & GROWING CEO PRESENTATION – 10 MARCH 2022
Slide 2: Disclaimer
For personal use only DISCLAIMER FORWARD LOOKING AND CAUTIONARY STATEMENTS DISCLAIMER AND COMPETENT PERSONS STATEMENT This 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
Slide 3: Compelling Investment Rationale
COMPELLING INVESTMENT RATIONALE INVESTMENT CASE For personal use only SIZE INVESTOR POTENTIAL GROWTH LOW-COST EXPERIENCED FLEXIBILITY POSITIVE VALUE PRODUCER TEAM SOCIO-ECONOMIC IMPACT +6.1Moz of Gold Undervalued Low-cost expansion +160koz pa (within Production costs Resource Multiple entry points 1
Slide 4: Team of Experts
TEAM OF EXPERTS BILL GUY MITFORD MUNDELL JACQUES DU TRIOU For personal use only CHAIRMAN CEO COO Former CEO of Namakwa Over 16 years at Harmony Gold. Ex-Jupiter Mines Ltd (ASX: JMS) Led the Doornkop South Reef Chief Exploration Manager. (Jupiter Diamonds, commissioned and expanded profitable product
Slide 5: Corporate Overview
For personal use only CORPORATE OVERVIEW A WARM WELCOME to those ex-Focus Mineral Shareholders to TGM’s register Ordinary Shares ASX: TGM 538m Theta Offered to buy FML shares from its shareholders with scrip Unlisted options + by offering 5 TGM for every 1 FML held. management performance 41.1m +
Slide 6: Project Overview
For personal use only PROJECT OVERVIEW 6
Slide 7: South Africa's Golden Triangle
SOUTH AFRICA’S “GOLDEN TRIANGLE” THETA GOLD – 6.1MOZ DEVELOPER – TO PRODUCE >160KOZ/A [Current Market Capitalisation: AU$80M] For personal use only SA host the 3rd largest gold reserves in the world (~6,000T Au) 7
Slide 8: UG Mines Targeted First Out of Potential >40
For personal use only 6 UG MINES TARGETED FIRST OUT OF POTENTIAL >40 5 solid growth potential 2 3 Modern mining and treatment Develop multiple mines, methodologies enable 1 reaching >160koz/a within low-cost operations (AISC five years, from the resource US$900/oz) and reserve base of +6Moz expansio
Slide 9: Strategy to Build Up to >160,000oz/a Au Production Profile Within 5 Years
STRATEGY TO BUILD UP TO >160,000OZ/A AU PRODUCTION PROFILE WITHIN 5 YEARS For personal use only PHASE 1 PHASE 2 PHASE 3 COMMISSION COMMISSION COMMISSION First Gold 50-70koz/a 90-120koz/a >160koz/a 2023 PHASE PHASE 1 PHASE 3 2 • 3 mining production units • Expand to 5 mining production units • Expand
Slide 10: Financial Projections
For personal use only FINANCIAL PROJECTIONS 10
Slide 11: TGME Underground Initial PFS
TGME UNDERGROUND INITIAL PFS FIRST 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) L
Slide 12: Low-Cost Sustainable Gold Producer With High Margins
LOW-COST SUSTAINABLE GOLD PRODUCER WITH HIGH MARGINS COST DRIVERS For personal use only PHASE 1 UG $2,000 Upside gold MARGIN $1,750 Price potential Near surface Pre-developed, Modern mining gold reefs multiple entry methods – safe, $1,500 points (flexibility) productive GOLD PRICE (US$) $1,250 >50%
Slide 13: Low-Cost Sustainable Gold Producer With High Margins
For personal use only LOW-COST SUSTAINABLE GOLD PRODUCER WITH HIGH MARGINS TGME Gold Project (~A$1210) AISC Curve Public Reported by Australian/New Zealand producing Mines | June Q 2021 Source: PCF Australia Producing Mines public reported. - No responsibility for omission or mistakes. 13
Slide 14: Low-Cost Sustainable Gold Producer With High Margins
For personal use only LOW-COST SUSTAINABLE GOLD PRODUCER WITH HIGH MARGINS $900 14
Slide 15: Phase UG PFS Financial Results
PHASE 1 UG PFS FINANCIAL RESULTS • YEAR 7-8 CAPACITY NOT UTILIZED (EXCLUSION OF INFERRED RESOURCES) • WITH THE PLANT CAPACITY FULLY UTILIZED BEYOND YEAR 6, AISC CAN BE MAINTAINED AT US$800/OZ For personal use only UG Operations Unit Forecast 1,500 1,600 1,700 1,800 2,000 NPV @ 5% USDm 91 81 98 115 1
Slide 16: Closing Highlights
For personal use only CLOSING HIGHLIGHTS 16
Slide 17: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ESG IS INTEGRAL TO THE DEVELOPMENT STRATEGY AND IS For personal use only BASED ON: • Holistic risk management • Conservation of biodiversity • Zero harm approach to health and safety • Responsible production practices • Environmental stewardship • Positive im
Slide 18: Environmental Scoping Report Submitted, Community Support Continues
ENVIRONMENTAL ENVIRONMENTAL, SCOPING SCOPING REPORT REPORT SUBMITTED, SUBMITTED， COMMUNITY SUPPORTS CONTINUES For personal use only The final scoping report for the environmental authorisation permitting process for the 83 MR underground project was submitted to the Department of Mineral Resources
Slide 19: High Grade New Zone Discovered at Desire Mine
For personal use only HIGH GRADE RAMPING NEW UP TO ZONE DISCOVERED AT DESIRE MINE PRODUCTION Beverly Hills sweeping grab samples – 15.79 g/t Au and 4.37g/t Au (WGS84 UTM 271354E; 7255302 S) Beverly Hills chip samples – 11.79g/t Au Desire sweeping grab samples – 14.27g/t Au and 10.79g/t Au
Slide 20: Ramping Up to Production
RAMPING UP TO PRODUCTION RESOURCE UPDATE For personal use only • High grade Rietfontein Mine PFS completed and added as fourth mine into DFS. • Further metallurgical test work on Sulphide ore from Frankfort Mine and free milling ore from Beta, CDM and Rietfontein mines. FUNDING • All inputs to DFS f
Slide 21: Appendices
For personal use only APPENDICES 21
Slide 22: Combined Mineral Resource Statement (~6.1Moz)
COMBINED MINERAL RESOURCE STATEMENT - (~6.1MOZ) Combined Mineral Resource For personal use only 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 23: Mineral Resource Statement - Underground (~4.5Moz)
MINERAL RESOURCE STATEMENT - UNDERGROUND (~4.5MOZ) Mineral Resource Reef Grade Stope Grade Reef Width Stope width Content Reef Tonnes Stope Tonnes Au Content For personal use only 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 4
Slide 24: Mineral Resource Statement - Open Pit (~1.4Moz)
MINERAL RESOURCE STATEMENT – OPEN PIT (~1.4MOZ) Reef Grade Reef Width Content Reef Tonnes Au Content Mineral Resource Classification Open Pit Mine Reef For personal use only 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 0
Slide 25: Ore Reserve Statement
ORE RESERVE STATEMENT Grade Tonnes Au Content For personal use only 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 Beta 6,51 1 662 10 822 347,94 Frankfort 4,11 259 1 063 34,16 Probable CDM 2,31 385 889 28,58 Theta Project (MR 83) 2,
Slide 26: Question Time
For personal use only QUESTION TIME WWW.THETAGOLDMINES.COM BILL GUY MITFORD MUNDELL CHAIRMAN CEO Email: billg@thetagoldmines.com Email: mitfordm@tgme.co.za TICKER: TGM (TRADE IN AU$) TICKER: TGMGF (TRADE IN US$)
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