Tietto Minerals — Investor Presentation (November 2020)
23 slides from Tietto Minerals's investor presentation, November 2020
Slide 1: Abujar: West Africa's Next Gold Mine
ABUJAR: WEST AFRICA’S NEXT GOLD MINE ASX:TIE
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by Tietto Minerals Limited (“Company”) does expectations, future plans, strategy and prospects of the Company. prepared by RPM Global and released on the ASX platform on 26 October not purport to contain all the information that a prospective investor may Those
Slide 3: Fast Tracking Development of Abujar
FAST TRACKING DEVELOPMENT OF ABUJAR • Côte d'Ivoire – premier mining investment destination • Growing 3.02 million ounce gold open pit opportunity • Feasibility study underway - PFS in Q1 2021 and DFS expected Q3 2021 • Clear pathway to development – ESIA secured, close to grid power • Well funded -
Slide 4: Capital Structure
CORPORATE UPDATE CAPITAL STRUCTURE (ASX:TIE) A$0.435 451M A$196M over A$60M A$136M Share price (4 Nov 20) Shares on issue Market Capitalisation Cash (Sept 20) Enterprise Value SHAREHOLDERS SHARE PRICE MOVEMENT 80 7.00 Other Hongkong Ausino 17% 70 6.00 Investment 9.9% 60 5.00 Directors 50 4.00 Millio
Slide 5: Directors and Research
DIRECTORS AND RESEARCH DIRECTORS RESEARCH FRANCIS DR CAIGEN ARGONAUT HARPER WANG Matt Keane Non-Executive Managing Chairman Director and Founder CANACCORD DR PAUL MARK Paul Howard KITTO STRIZEK Technical Executive Director Director EUROZ Jon Bishop HANJING XU FOSTER Non-Executive Mark Fichera Direct
Slide 6: 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 Hosts West Africa’s largest Extensive mining share of greenstone belts for Greenstone Belts prospective gold (~ 34%) jurisdiction Strong Government Tenements granted f
Slide 7: Abujar Gold Project
ABUJAR GOLD PROJECT • 3 contiguous tenements totalling 1,114km2 • Middle tenement hosts JORC Resource of 81.2Mt at 1.2g/t Au for 3.02Moz • High-grade core of 1.6Moz at 2.18 g/t Au at AG deposit • JORC 2012 Resource contained within 3 deposits: • AG – 49.6Mt at 1.5 g/t Au for 2.30Moz: • 24.1Mt at 1.6
Slide 8: Rapidly Growing Abujar Resources
RAPIDLY GROWING ABUJAR RESOURCES 3.02Moz 2.15Moz 1.70Moz 0.70Moz Jan 2018 Apr 2019 Nov 2019 Oct 2020 AG Indicated AG Inferred APG Inferred SG Inferred 8
Slide 9: AG Deposit
AG DEPOSIT • Robust high-grade core of 1.6Moz at 2.18 g/t Au at AG • Notable results include: • 7m @ 57.79 g/t Au from 76m • 7m @ 41.76 g/t Au from 55m • 21m @ 13.02 g/t Au from 215m • 16m @ 16.31 g/t Au from 111m • 2m @ 113.3 g/t Au from 83m High-grade • 18m @ 11.72 g/t Au from 39m gold from surfac
Slide 10: AG Deposit
+} AG DEPOSIT 20m @ 14.80 git Au Incl. 1m @ 128.52 git Au 1m @ 160.06 git Au (2m@ 1.16 gt Au F 3m @ 1.21 gt Au 1m @ 242 ght Au (6m @3.29 gt Au or 500m (2m@ 2.85 git Au 2m @ 1.77 git Au ‘8m @ 095 gt Au Inch 3m @ 1.8 git Au some 12m @7.54 git Au} [email protected] git Au sin tm @ 1.38 gh m@13bgtAu aromr- 0
Slide 11: APG Deposit
APG DEPOSIT Satellite mining opportunity • Inferred JORC 2012 Mineral Resource of 31.0Mt at 0.7 g/t Au for 0.70Moz • Gold mineralisation intersected over a 5km strike • Drilling has defined a wide mineralised gold system • Recent results include: • 9m @ 2.32g/t Au from 160m incl. 4.92m @ 3.80g/t Au
Slide 12: 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 Middle 1
Slide 13: Low Cost Exploration
LOW COST EXPLORATION Drilling our 50 dollars 00 m further Low cost Production rate drilling of up to 8,500m per ~US$35/m month* 5 Consumables Man portable Tietto owns purchased in rigs with small a fleet of 6 bulk footprint diamond drill rigs * 4 diamond drill rigs 13
Slide 14: Abujar Feasibility Study
ABUJAR FEASIBILITY STUDY Stand Alone Open Pit Development o Assessing potential for a 3.5mtpa open pit gold operation Simple Metallurgy – High Gold Recoveries and Low Energy Usage o Free milling - high gravity and CIL recoveries (up to 98%-99%) PFS o Grinding of fresh material uses 30% less energy t
Slide 15: Excellent Metallurgy
EXCELLENT METALLURGY Other Process Material AG Deposit(1) Projects(2) Oxide 64.4% 5% - 30% • Metallurgical testwork on AG samples Gravity Trans 82.6% 15% - 40% indicates potential low-cost processing Fresh 83.6% 38% • Excellent gold recoveries at coarse grind Gold Recovery(3) Oxide 98.5% 90% - 95% s
Slide 16: Working with Local Communities
WORKING WITH LOCAL COMMUNITIES 16
Slide 17: 2021 Catalysts
2021 CATALYSTS 2020 2021 PFS delivery Q1 2021 ✓ 3rd Resource Update (3Moz) 4th Resource Update ✓ Environmental Approval Mining Licence DFS delivery Q3 2021 Q4 Q1 Q2 Q3 Abujar exploration drilling continues – 70,000m of diamond drilling underway REGIONAL EXPLORATION → Geochem |Geophysical survey | Re
Slide 18: Emerging West African Gold Developer
EMERGING WEST AFRICAN GOLD DEVELOPER Growing 3.02Moz high-grade Aggressive drilling to drive continued Funded for 2021 work program, open pit gold resource resource growth throughout 2021 strong shareholder base Large scale PFS underway - potential Continuous news-flow open pit opportunity for low c
Slide 19: Contact Us
CONTACT US: Tietto Minerals +61 8 9331 6710 +61 428738385 +61 431084305 [email protected] www.tietto.com
Slide 20: Abujar Gold Project - JORC Resources
APPENDIX Abujar Gold Project - JORC Resources A Mineral Resource Estimates - RPM Global (October 2020)* 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 0.2 1.3 0.006 0.7
Slide 21: Abujar Gold Project - JORC Resources
APPENDIX A Abujar Gold Project - JORC Resources Mineral Resources by cut-off RPM Global (October 2020)* AG Indicated AG Inferred AG Total APG Inferred Combined Total COG Quantity Au Quantity Au Quantity Au Quantity Au Quantity Au Au (g/t) Au (g/t) Au (g/t) Au (g/t) Au (g/t) (Mt) (Moz) (Mt) (Moz) (Mt
Slide 22: Appendix B: AG Oblique Long Section
APPENDIX B: AG Oblique Long Section 22
Slide 23: 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
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