Tietto Minerals — Investor Presentation (October 2021)
29 slides from Tietto Minerals's investor presentation, Oct 5, 2021
Slide 1: Tietto Minerals Abujar: West Africa's Next Gold Mine
TIETTO ABUJAR: MINERALS WEST AFRICA’S NEXT GOLD MINE DFS investor notes ASX:TIE 5 October 2021
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by Tietto Minerals Limited (“Company”) does not purport to contain used in the estimation of the Ore Reserve were also applied to the Inferred Resources. There experience, which is relevant to the style of mineralisation and type of deposit under all the informa
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE (ASX:TIE) A$0.38 456M 75M A$173M A$31M A$142M Share price (30 Sept 21) Shares on issue Options on issue Market Capitalisation Cash (Sep 30 unaudited) Enterprise Value SHAREHOLDERS SHARE PRICE MOVEMENT 70 6.00 Other 60 5.00 19% 50 4.00 40 Millions cps 3.00 30 Hong
Slide 4: Abujar DFS: Increased Production and Project Life
ABUJAR- WEST AFRICA’S NEXT GOLD MINE Definitive Feasibility Study (DFS) - 4Mtpa Open Pit Gold Project All amounts in US Dollars unless stated otherwise. Financials reported on 100% equity basis Increased gold production and project life compared to the PFS ➢ 260,000oz gold forecast in first year of
Slide 5: Abujar DFS: Strong LOM Financial Results
ABUJAR- WEST AFRICA’S NEXT GOLD MINE Definitive Feasibility Study (DFS) - 4Mtpa Open Pit Gold Project All amounts in US Dollars unless stated otherwise. Financials reported on 100% equity basis Strong LOM financial results (US Dollars) demonstrated across a suite of gold prices1 ➢ Life of mine (LOM)
Slide 6: Opportunities to Improve on DFS Gold Production
ABUJAR- WEST AFRICA’S NEXT GOLD MINE Definitive Feasibility Study (DFS) - 4Mtpa Open Pit Gold Project All amounts in US Dollars unless stated otherwise. Financials reported on 100% equity basis Opportunities for Tietto to improve on DFS gold production by increasing project output via: ➢ 30,000m of
Slide 7: Abujar DFS 1.7Moz LOM Mine Schedule
ABUJAR DFS- 1.7Moz LOM MINE SCHEDULE 1ANIMATION 1The LOM plan contains approximately 18% ounces of gold from Inferred Mineral Resources. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the
Slide 8: AG Deposit – Still Open at Depth
AG DEPOSIT – STILL OPEN AT DEPTH Potential for underground below DFS pit – target high-grade shoots ➢ Drilling intercepts >2g/t Au and 30 gold gram metres include: • 3m @ 27.69 g/t Au from 376m • 1m @ 70.35 g/t Au from 177m • 2m @ 34.7 g/t Au from 401m • 4m @ 14.37 g/t Au from 536m • 6m @ 9.24 g/t A
Slide 9: APG Deposit
APG DEPOSIT DFS confirms satellite open pit mining operation – 7km south of AG ➢ Mineral Resource: 36.7Mt at 0.7 g/t Au for 0.87Moz • 8.7Mt at 0.7 g/t Au for 0.20Moz (Indicated) • 28.4Mt at 0.7 g/t Au for 0.67Moz (Inferred) ➢ Wide gold mineralisation system defined over 5km strike ➢ Deep oxidation p
Slide 10: Pipeline of Prospects
PIPELINE OF PROSPECTS ➢ Aggressive drilling programs designed to drive continued resource growth throughout 2021 ➢ Tietto’s fleet of diamond rigs deliver rapid resource growth with some of the gold sectors lowest costs Tenement Resource Definition Target Testing Target Definition Reconnaissance Midd
Slide 11: APG Heap Leach – Potential to Add Ounces
APG HEAP LEACH – POTENTIAL TO ADD OUNCES TO PRODUCTION PROFILE* ➢ Four 10-kilogram closed cycle column leach tests conducted on two transitional and two fresh composite samples from APG ➢ Samples crushed to 14mm and loaded into 150mm by 1.5-meter-tall PVC columns for 120 days ➢ Excellent recoveries
Slide 12: Abujar DFS – Opportunity to Add Ounces
ABUJAR DFS – OPPORTUNITY TO ADD OUNCES 30,000m drilling target first 2yrs prod Potential feed Update resource and reschedule + Open pit - AG & APG Inferred + strike extensions Increased throughput + Underground depth extension + APG Heap leach 1The LOM plan contains approximately 18% ounces of gold
Slide 13: Abujar – Forecast to Become a Top 20 West African Gold Mine
ABUJAR – FORECAST TO BECOME A TOP 20 WEST AFRICAN GOLD MINE Abujar is forecast to produce: ➢ 260koz Y1 ➢ 1.2Moz Y1-6 for an average 200koz pa and 155koz pa over LOM Source: Public company disclosures Note: Companies with production below 125koz were removed for comparison purposes. 13
Slide 14: Abujar - DFS
ABUJAR - DFS Stand alone open pit and CIL process plant development: ➢ 4Mtpa unused Metso mill has been secured for project ➢ Simple flowsheet - single stage crushing then SAG Mill with gravity and CIL for gold recovery ➢ Stage 1 tailings capacity of 30Mt (TSF) ➢ Build 18km site access road (underwa
Slide 15: The Right Team to Build Abujar
THE RIGHT TEAM TO BUILD ABUJAR ➢ Matt Wilcox, our Chief Operating Officer is tasked with managing the team building our first gold mine at Abujar ➢ Mr Wilcox most recently was responsible for the development of West African’s (ASX: WAF) 2.6Mtpa Sanbrado Gold Mine, which was completed in March 2020,
Slide 16: Gold Standard Project Execution in West Africa
GOLD STANDARD PROJECT EXECUTION IN WEST AFRICA* PROJECT COMPANY COUNTRY SCHEDULE BUDGET Houndé Endeavour Burkina Faso Ahead Under Ity CIL Endeavour Côte d’Ivoire Ahead Under Yaramoko Roxgold Burkina Faso Ahead Under Wahgnion Teranga Burkina Faso Ahead Under Sissingué Perseus Côte d’Ivoire Ahead On B
Slide 17: Current Development Timetable
CURRENT DEVELOPMENT TIMETABLE* 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Mining and environmental permits approved √ Update Mineral Resource √ Ongoing exploration drilling Update Ore Reserves √ Publish DFS results √ Order Mill Package (Mill secured) √ Detailed design and commencement of ear
Slide 18: Emerging West African Gold Developer
EMERGING WEST AFRICAN GOLD DEVELOPER Growing 3.35Moz Aggressive exploration drilling to drive Funded for 2021 work program, open pit gold resource resource growth continues in 2021 strong shareholder base Large scale DFS 4Mtpa Catalyst rich 1.45Moz open pit Ore Reserve 1.7Moz LOM production 1 8 17
Slide 19: Appendix A: Abujar Gold Project - JORC Resources
APPENDIX A Abujar Gold Project - JORC Resources Mineral Resource Estimates - RPM Global (July 2021)* Oxide Transition Fresh Total Area Class Quantity Au Quantity Au Quantity Au Quantity Au Au (g/t) Au (g/t) Au (g/t) Au (g/t) (Mt) (Moz) (Mt) (Moz) (Mt) (Moz) (Mt) (Moz) Indicated 0.5 1.2 0.02 2.1 1.3
Slide 20: Appendix A: Mineral Resources by Cut-off
APPENDIX A Abujar Gold Project - JORC Resources Mineral Resources by cut-off RPM Global (July 2021)* COG AG Indicated AG Inferred APG Indicated APG Inferred Combined Quantity Quantity Quantity Quantity Quantity FROM Au (g/t) Au (Moz) Au (g/t) Au (Moz) Au (g/t) Au (Moz) Au (g/t) Au (Moz) Au (g/t) Au
Slide 21: Appendix A: Abujar JORC Ore Reserves
APPENDIX A Abujar Gold Project – JORC Ore Reserves Abujar Gold Project Ore Reserves have been declared as a Probable Ore Mineable quantities reported below include Inferred Resources and do not constitute an “Ore Reserve” as estimated in accordance with the JORC Code. An Inferred Mineral Resource ha
Slide 22: Rapidly Growing Gold Resources
RAPIDLY GROWING GOLD RESOURCES DFS Abujar Gold Project - JORC Resources Mineral Resource Estimates - RPM Global (July 2021)* PFS 3.35Moz 3.02Moz Total Deposit Class Quantity Au Au (g/t) (Mt) (Moz) 2.15Moz Indicated 35.0 1.5 1.65 1.85Moz 1.70Moz AG Inferred 15.3 1.6 0.80 1.24Moz Total 50.3 1.5 2.45 0
Slide 23: Appendix B: AG Oblique Long Section
APPENDIX B: AG Oblique Long Section 23
Slide 24: Abujar Gold Project
ABUJAR GOLD PROJECT ➢ 3 contiguous tenements totalling 1,114km2 ➢ Middle tenement hosts JORC Resource of 87.5Mt at 1.2g/t Au for 3.35Moz ➢ Indicated Resources 43.4Mt at 1.3 g/t Au for 1.85Moz from two deposits ➢ JORC 2012 Resource contained within 3 deposits: ➢ AG – 50.3Mt at 1.5 g/t Au for 2.45Moz:
Slide 25: Drilling Our Dollars Further
DRILLING OUR DOLLARS FURTHER ➢ We have significantly reduced drilling costs for our shareholders by operating our own diamond drill rigs ➢ We drill for ~US$35/m. Contract DD rates can range from US$120/m to over US$300/m ➢ Tietto has now drilled over 154,000m since we purchased our first rig in July
Slide 26: Unlocking Côte d'Ivoire's Gold
UNLOCKING CÔTE D’IVOIRE’S GOLD Increasing Gold 32.6t of gold produced Production from 5 mines in 2019 Stable, vastly under-explored mining Hosts West Africa’s largest Extensive jurisdiction share of greenstone belts for Greenstone Belts prospective gold (~ 34%) Strong Government Tenements granted fo
Slide 27: Appendix C: Regional Permits
APPENDIX C: REGIONAL PERMITS Highly prospective – Significant land package • Boundiali Group (North Côte d’Ivoire) ✓ Within 20Moz+ Au province • Bongouanou (South-East Côte d’Ivoire) ✓ Underexplored province ✓ Fully granted permits ✓ Reconnaissance geochemical survey planned • Sinfra (Central Côte d
Slide 28: Directors and Research
DIRECTORS AND RESEARCH DIRECTORS RESEARCH* FRANCIS DR CAIGEN CANACCORD HARPER WANG Paul Howard Non-Executive Managing Chairman Director and Founder EUROZ HARTLEYS DR PAUL MARK Mike Millikan KITTO STRIZEK Technical Executive FOSTER Director Director Mark Fichera HANJING XU Non-Executive Director * Fu
Slide 29: Contact Us
CONTACT US: Tietto Minerals +61 8 9331 6710 +61 428738385 +61 431084305 [email protected] www.tietto.com
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