Tolu Minerals Limited · ASX:TOK
Tolu Minerals — Shareholder Meeting (June 2024)
14 slides from Tolu Minerals's shareholder meeting presentation, Jun 20, 2024
Slide 1: AGM 20 June 2024
ASX:TOK, OTCQX:TOLUF ARBN 657 300 359 AGM 1-125888 20 June 2024
Slide 2: Disclaimer and Important Information
Disclaimer and Important Information Disclaimer To the maximum extent permitted by law, the Company each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents, consultants an
Slide 3: Disclaimer and Important Information: Competent Persons Statement
Disclaimer and Important Information Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves were last reported by the Company in compliance with the 2012 Edition of the JORC Australasian Code for Reporting of Explorati
Slide 4: Vision
Vision To define a substantial high-grade Mineral Resource based on significant regional potential and to become a large-scale gold/copper/silver producer on the back of Mineral Resource growth and the refurbishment of the historic Tolukuma mine and Define and develop potential gold/copper porphyry
Slide 5: Mission
Mission Tolu seeks to leverage the: ➢ Historically proven exploration and Mineral Resource ➢ Existing infrastructure ➢ Previous exploration and exploration successes ➢ Operating history To develop a major new gold/silver/copper Resource – including porphyry targets Delivery of a world-class gold/sil
Slide 6: Board of Directors
Board of Directors John Anderson Chairman Vast experience in the Australian and Asia-Pacific resources sector, including 12 years as a senior executive in Santos Ltd with responsibility for operations in PNG. Iain Macpherson MD & CEO A seasoned mining executive with well over 30 years’ of operating,
Slide 7: Experienced Management & Advisory Board
Experienced Management & Advisory Board Iain Macpherson MD & CEO A seasoned mining executive with well over 30 Ian Stalker years’ of operating, developing and Chemical engineer with extensive experience in financing mining projects operational and executive roles for several international mining com
Slide 8: Tolu Minerals ESG-Centric Approach
Tolu Minerals ESG-Centric Approach ➢ Securing sustainable operations through key enablers: • Reducing logistic costs via access road development • Meeting power demand through hydro power generation • Expanding Mineral Resources through MT Survey & continuous drilling • Prepare 60,000 Oz of delineat
Slide 9: Tolu Minerals ESG-Centric Approach (cont'd)
Tolu Minerals ESG-Centric Approach (cont’d) ➢ Ensuring fast tracked and sustainable initial gold production through: • Procure and install a gravity separation plant – ex factory Aug 2024 • Start dewatering of UG workings - pumps and piping ex-factory July 2024 • Install 1.5 MW diesel power plant –
Slide 10: Tolukuma Access Road
Tolukuma Access Road ➢ Complete the remaining 23 km of the 70 km access road connecting the mine to the Tapini road and Port Moresby ➢ 30-fold reduction in logistics cost per kg estimated ➢ Strong community and government support ➢ Work commenced in December 2023 ➢ The contractor is an experienced a
Slide 11: Tolukuma Structure – c. 1,500km2 Exploration Upside
Tolukuma Structure – c. 1,500km2 Exploration Upside Dominant footprint on the highly prospective gold/copper Tolukuma Structure 11
Slide 12: Airborne MT Survey
Airborne MT Survey Rationale: 2,500 km2 including: ➢ High cost of surface diamond ➢ Tolukuma mining lease drilling exploration ➢ Tolukuma regional tenements ➢ Enhanced target generation ➢ Ipi River ELA 2780 ➢ Cost effective targeted regional exploration ➢ Mt Penck EL 2662 on New Britain Expected res
Slide 13: Tolukuma Gold Mine
Tolukuma Gold Mine ➢ Significant surface and underground infrastructure from 20 years mining history ➢ Significant Mineral Resource Estimate in place. Inferred resource 503koz @ 10g/t Au ➢ World class exploration upside both on and adjacent to the mine within Tolukuma Structural Corridor ➢ Key forme
Slide 14: Contacts
Contacts Iain Macpherson +675 7202 7320, + 61 428 912 245, +27 76 238 4461 MD & CEO [email protected] John Anderson +61 416 225 650 Chairman [email protected] 14