Tvi Pacific Inc. · TSXV:TVI
Tvi Pacific — Investor Presentation (December 2021)
45 slides from Tvi Pacific's investor presentation, December 2021
Slide 1: TVI Pacific Corporate Presentation December 2021
TVI Pacific Corporate Presentation December 2021 Balabag Doré Pour Balabag Doré www.tvipacific.com 1
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: TVI Pacific Inc. Overview
TVI Pacific Inc. Overview Current operations at Agata direct shipping Nickel/Iron Mine • 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 operat
Slide 4: Unique Selling Proposition (USP)
TVI Pacific Inc. Unique Selling Proposition (USP) 1. Through its operating affiliate, TVIRD, TVI has a 30.66% interest in 2 operating mines, one mine that is in the process of being re-started and many exploration and development properties. 2. TVI’s current focus is on many key commodities, includi
Slide 5: Share Structure & Liquidity
TVI Pacific Inc. Share Structure & Liquidity Issued & Outstanding Shares 656.99 Million Shares Fully Diluted 696.89 Million 52 Week High/Low C$0.06/$0.02 Market Capitalization (as at September 30, 2021) C$32.85 Million Insider Share Direct / Fully Diluted 11.75% / 16.80% Cash & Liquid Short-term Inv
Slide 6: Area of Focus – The Philippines
TVI Pacific Inc. Area of Focus – The Philippines • TVI’s management team has extensive experience working in Asia and has successfully brought multiple development projects into production in the Philippines. • The Asia Pacific region is strategically located near massive end markets for various res
Slide 7: Resource Acquisition & Development Strategy
TVI Pacific Inc. Resource Acquisition & Development Strategy Management’s resource acquisition and development strategy is centered around the concept of… • Acquiring or joint venturing with companies on resource deposits that may have a modest initial resource size but with the potential for signif
Slide 8: Investment in TVIRD
TVI Pacific Inc. Investment in TVIRD TVI holds a 30.66% interest in TVI Resource Development (Phils), Inc., a diversified private Philippine resource company. ▪ Through an Investment Agreement with TVI’s JV partner, the Villar Group, TVI Pacific has considerable influence over the activities of TVIR
Slide 9: Investment in TVIRD – Key Activities & Project Locations
TVI Pacific Inc. Investment in TVIRD – Key Activities & Project Locations TVIRD’s Key Activities include: 1) Operating and expanding the Agata direct shipping Nickel/Iron operations and increasing resources at the LUZON Agata Nickel Laterite Mine. 2) Continuing ramp-up of production at the newly pro
Slide 10: About Our Corporate JV Partner
TVI Pacific Inc. Investment in TVIRD About Our Corporate JV Partner… In December 2013, Prime Resources Holdings, Inc. (“PRHI”) acquired a 68.42% direct equity interest in TVIRD and joint control in TVIRD with TVI Pacific. This was the result of a search by TVI Pacific for a strategic partner in the
Slide 11: TVIRD's Award Winning Approach to Responsible Mining
TVI Pacific Inc. TVIRD’s Award Winning Approach to Responsible Mining TVIRD’s success has continued as a result of its award-winning performance that includes receipt of the following environmental awards: TVIRD Record of Awards Award 2010 2011 2012 2013 2015* 2016* 2017* 2018* 2019* 2021* President
Slide 12: TVIRD's Current Operating Mines
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Operating Mines Balabag Gold-Silver Mine Balabag Gold-Silver Plant on September 22, 2021, of which TVIRD holds a 100% interest. Agata Nickel/Iron Mine Agata direct shipping Nickel/Iron mine, in which TVIRD is operator and holds a 60% interest. 12
Slide 13: Balabag Gold-Silver Mine
TVI Pacific Inc. Investment in TVIRD Balabag Gold-Silver Mine TVIRD has completed its first 6 shipments of gold doré from its 100%- owned Balabag mine since September 30, 2021. Through to December 2, 2021, 5,326 kg containing 5,780 ounces of gold and 162,217 ounces of silver for 7,907 gold equivalen
Slide 14: TVIRD's Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine • TVIRD holds 100% of the Mineral Production Sharing Agreement (“MPSA”) area covering 4,779 hectares on the Balabag gold and silver mine. • The Balabag MPSA has been extended by the Department of Environment and Natural Resources (“DENR”) for another
Slide 15: Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine TVI announced on November 22, 2019, that TVIRD had decided to advance Balabag towards commercial production and was progressing with various development works. An Omnibus Loan and Surety Agreement with China Banking Corporation (the “Facility”) close
Slide 16: Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Commissioning of the front-end circuits commenced in December 2020 and the first shipment of gold doré was completed on September 30, 2021. Twenty-four-hour operation of the plant was introduced in late August 2021. Process plant on September 22, 202
Slide 17: Balabag Gold-Silver Mine Mineral Resource
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Mineral Resource TVI Pacific filed on SEDAR under the Company’s profile in July 2021 an updated mineral resource estimate prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities
Slide 18: Balabag Gold-Silver Mine Exploration
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine Exploration TVIRD commenced its own drilling program at Balabag in November 2005 and has continued exploration through to the current date. Most recently, TVIRD completed Phase 5A drilling in May 2021 that included a total of 16 holes (2,155 meters)
Slide 19: Balabag Gold-Silver Mine
TVI Pacific Inc. TVIRD’s Balabag Gold-Silver Mine The Tailings Storage Facility (“TSF”) is being constructed in stages to accommodate progressively increasing amounts of tailings as mill ore is processed. The first phase, Stage 1, was commissioned on July 8 th, 2021, together with the commissioning
Slide 20: Agata Nickel / Iron DSO Mine
TVI Pacific Inc. Investment in TVIRD Agata Nickel / Iron DSO Mine Project-to-date a total of 344 shipments of 18.7 million wet metric tonnes of nickel laterite have been completed through to November 30, 2021. 20
Slide 21: Agata Nickel / Iron DSO Mine
TVI Pacific Inc. TVIRD’s Agata Nickel / Iron DSO Mine • Owned by Agata Mining Venture Inc. (“AMVI”), a Joint Venture company in which TVIRD has a 60% interest and is the operator. • Project is located in the Surigao mining region of Mindanao and benefits from an excellent location and logistics with
Slide 22: Agata DSO Volumes Shipped
TVI Pacific Inc. TVIRD’s Agata Nickel / Iron DSO Mine Agata DSO Volumes Shipped 2021 Cargo 2014 2015 2016 2017 2018 2019 2020 Total (to Nov.30.2021) HFO 217,780 760,545 1,596,953 1,624,323 1,412,321 1,456,241 781,820 713,010 8,562,993 SO 617,690 1,936,163 1,515,234 1,060,455 1,167,608 2,088,560 1,78
Slide 23: TVIRD's Current Development Projects
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Development Projects GRC/Siana-Mapawa Gold Projects Siana Gold Project and the modern 1.1 million tonne per annum Outotec mill. 23
Slide 24: Siana - Mapawa Gold Projects
TVI Pacific Inc. TVIRD’s Siana - Mapawa Gold Projects On September 20, 2021, TVIRD completed its acquisition of 100% of the outstanding equity in Greenstone Resources Corporation (“GRC”), the owner and operator of the Siana Gold Project (“Siana”) and the Mapawa Project (“Mapawa”), both of which are
Slide 25: Siana Gold Mine
TVI Pacific Inc. TVIRD’s Siana Gold Mine Red 5 has advised TVIRD that prior to TVIRD’s acquisition: ➢ GRC had spent over U.S. $200 million in its efforts to develop Siana. ➢ All of the mining and processing facilities and required permits are in place for re-commencement of operations. Siana has the
Slide 26: Siana Gold Mine
TVI Pacific Inc. TVIRD’s Siana Gold Mine During GRC’s brief operating period, it mined the Siana deposit by open pit methods with a plan that included a transition to underground mining following completion of open pit mining. Underground mine development had commenced with 445m of development compl
Slide 27: Siana Gold Mine
TVI Pacific Inc. TVIRD’s Siana Gold Mine The Red 5 2020 Annual Report at June 30, 2020 reports the JORC 2012 underground and open pit mineral resource and reserves estimates to be: SIANA JORC 2012 UNDERGROUND MINERAL RESOURCE as at June 30, 2020: Cut-off Gold Tonnes Gold Silver Contained Gold Contai
Slide 28: Mapawa Project
TVI Pacific Inc. TVIRD’s Mapawa Project As part of the GRC acquisition completed by TVIRD on September 20, 2021, TVIRD acquired a 100% interest in the Mapawa project. Mapawa is covered by MPSA No. 280-2009-XIII and extends over 1,482 hectares located as well in Surigao del Norte, Philippines, 20 kil
Slide 29: TVIRD's Current Development Projects
TVI Pacific Inc. Investment in TVIRD TVIRD’s Current Development Projects Agata Limestone Project Agata Limestone project, in which MPSA No. 134-99-XIII TVIRD is operator and holds a 60% interest through AMVI. 29
Slide 30: Agata Limestone Project
TVI Pacific Inc. TVIRD’s Agata Limestone Project • Owned by Agata Mining Venture Inc. (“AMVI”), a JV company in which TVIRD has a 60% interest and is operator. • Located both north and south of the existing Nickel / Iron direct shipping operations and shares the same infrastructure that is expected
Slide 31: Additional Mining Tenements
TVI Pacific Inc. TVIRD’s Additional Mining Tenements TVIRD holds many other Priority MPSA Region Location Comments 1 MPSA 280 - 209 - XIII Caraga Mapawa, Surigao With mineral resource ( Epithermal Au – Ag) Mining Tenements that it has 1 MPSA 184 -2002 -XIII Caraga Alipao Advance exploration / drilli
Slide 32: TVIRD's Canatuan Experience
TVI Pacific Inc. TVIRD’s Early History TVIRD’s Canatuan Experience Canatuan Mine Up until 2014, TVI Pacific carried out its work in the Philippines through its 100% owned Philippine operating subsidiary, TVIRD. TVIRD developed, constructed, fully managed, operated and controlled the Canatuan operati
Slide 33: History of Success at the Canatuan Mine
TVI Pacific Inc. History of Success at the Canatuan Mine • Located in the Province of Zamboanga del Norte on the Philippine Island of Mindanao, Canatuan was the first foreign-invested mine to reach production after the passage of the Philippine Mining Act of 1995. • Mining operations focused initial
Slide 34: Canatuan – Beyond Mining
TVI Pacific Inc. TVIRD’s Canatuan – Beyond Mining TVI is proud to have performed the exploration and development at Canatuan which led to 2 successful mines. While doing so it progressively built the foundation for future rehabilitation of the mine. Following the end of mining and processing operati
Slide 35: Moving Forward
Investment in TVIRD Moving Forward
Slide 36: TVIRD - Future Philippine Stock Exchange Listing
TVI Pacific Inc. TVIRD - Future Philippine Stock Exchange Listing • TVIRD had been pursuing an Initial Public Offering and listing on the Philippine Stock Exchange -- a Preliminary Prospectus in connection with the IPO was filed by TVIRD with the PSE and Philippine Securities and Exchange Commission
Slide 37: Investment Highlights
TVI Pacific Inc. Investment Highlights ✓ As the successful builder/operator of the Canatuan gold-silver/copper-zinc mine in the Philippines, TVI is well-recognized for its ability to develop and operate mines with low capex in challenging locations with award-winning safety, environmental and social
Slide 38: Contact Information
TVI Pacific Inc. Contact Information Corporate Head Office: TVI Pacific Inc. Suite 600, 505 – 2nd Street S.W. Calgary, Alberta T2P 1N8 Tel: (403) 265-4356 Email: [email protected] Investor Relations/Media Contact: Patrick Hanna, Chief Financial Officer Tel: 403-265-4356 E-mail: Patrick.Hanna@t
Slide 39: Supplemental Slides
TVI Pacific Inc. Supplemental Slides 39
Slide 40: Management Team
TVI Pacific Inc. Management Team Clifford M. James President and Chief Executive Officer Mr. James is a geologist and business executive with over 45 years of technical and financial experience in the natural resource sector. His work has taken him throughout North America, Africa and Asia where he
Slide 41: Board of Directors
TVI Pacific Inc. Board of Directors Clifford M. James, Chairman – See bio on management page. Robert C. Armstrong, Ph.D. -- Over 40 years of experience in the mining industry, having worked in senior and executive positions for companies such as Cominco Ltd. and Echo Bay Mines Ltd., with both domest
Slide 42: Our Investments
TVI Pacific Inc. Our Investments TVI Pacific Inc. (an Alberta Corporation) 14.4% 100% 100% 100% 2.97% Mindoro Resources Ltd TVI Asia-Pacific Resources TVI Limited TG World Energy Corp. Integrated Green Energy Solutions (a Canadian Corporation) (a Philippine company) (an Anguillian Corporation) (an A
Slide 43: TVIRD Ownership
TVI Pacific Inc. TVIRD Ownership Manuel Paolo Others Villar 0.02% 99.98% TVI Pacific Prime Asset R.V.San Jose 1.00% Inc. Ventures Inc. 100% 0.92% 98.60% TVI Prime 0.40% International Resources Others Marketing Holdings Inc. TVIRD 30.66% 68.42% TVI Pacific organization PRHI organization Other investo
Slide 44: TVIRD Senior Organization
TVI Pacific Inc. TVIRD Senior Organization TVIP directors PRHI directors Corp.Sec. Manny Villar Cliff James M.Paolo Villar Yulo Perez Mike Regino J.A.Q. Yu (Senator) Eugene Mateo T.A. San Juan President PRHI Villar Group Cliff James M.Paolo Villar Chairman Vice-Chairman Cynthia Delfin CFO/Treasurer
Slide 45: Project Summary – TVIRD (Philippines)
TVI Pacific Inc. Project Summary – TVIRD (Philippines) Shipments Completed TVIRD MPSA Expiry Project Commodities Status Number Weight Comments Ownership Date Agata Nickel / Iron Project 60% May.26.2049 Ni - HFO, Operating 344 18.7 million wmt Shipments to Nov.30.2021. (Operator: TVIRD) Saprolite Fir