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Ayawilca, Peru: A Potential World Class Zinc Discovery
Corporate Presentation
- Dr. Graham Carman, President & CEO
Ayawilca, Peru: A Potential World Class Zinc Discovery Corporate - - PowerPoint PPT Presentation
Ayawilca, Peru: A Potential World Class Zinc Discovery Corporate Presentation Dr. Graham Carman, President & CEO Tinka Resources Ltd. September 2016 TSXV: TK www.tinkaresources.com Importa nt Informa tion T his pre se nta tio n is no t dire
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T his pre se nta tio n is no t dire c te d to , o r inte nde d fo r distrib utio n to o r use b y, a ny pe rso n o r e ntity tha t is a c itize n o r re side nt o r lo c a te d in a ny lo c a lity, sta te , c o untry o r o the r jurisdic tio n whe re suc h distrib utio n, pub lic a tio n, a va ila b ility o r use wo uld b e c o ntra ry to la w o r re g ula tio n o r whic h wo uld re q uire a ny re g istra tio n o r lic e nsing within suc h jurisdic tio n. T his pre se nta tio n do e s no t c o nstitute o r fo rm a pa rt o f, a nd sho uld no t b e c o nstrue d a s a n o ffe r, so lic ita tio n o r invita tio n to sub sc rib e fo r, unde rwrite o r o the rwise a c q uire , a ny se c uritie s o f T inka , no r shall it o r a ny pa rt o f it fo rm the b a sis o f o r b e re lie d o n in c o nne c tio n with a ny c o ntra c t o r c o mmitme nt wha tso e ve r. Ce rta in info rma tio n in this pre se nta tio n c o nta ins fo rwa rd-lo o king sta te me nts a nd fo rwa rd-lo o king info rma tio n within the me a ning o f a pplic a b le se c uritie s la ws (c o lle c tive ly "fo rwa rd-lo o king sta te me nts"). All sta te me nts, o the r tha n sta te me nts o f histo ric a l fa c t a re fo rwa rd- lo o king sta te me nts. F
inka a s we ll a s a ssumptio ns ma de b y a nd info rma tio n c urre ntly a va ila b le to T inka 's ma na g e me nt. Suc h sta te me nts re fle c t the c urre nt risks, unc e rta intie s a nd a ssumptio ns re la te d to c e rta in fa c to rs inc luding b ut no t limite d to , a ll c o sts va rying sig nific a ntly fro m e stima te s, pro duc tio n ra te s va rying fro m e stima te s, c ha ng e s in me ta l ma rke ts, c ha ng e s in e q uity ma rke ts, the pro po se d use o f ne t pro c e e ds fro m priva te pla c e me nts, a va ila b ility a nd c o sts o f fina nc ing ne e de d in the future , e q uipme nt fa ilure , une xpe c te d g e o lo g ic a l c o nditio ns, impre c isio n in re so urc e e stima te s o r me ta l re c o ve rie s, a b ility to c o mple te future drilling pro g ra ms, drilling pro g ra m re sults va rying fro m e xpe c ta tio ns, de la ys in o b ta ining surve y re sults, suc c e ss o f future de ve lo pme nt initia tive s, the c o mple tio n a nd imple me nta tio n o f a pre limina ry e c o no mic a sse ssme nt, pre -fe a sib ility o r fe a sib ility studie s, c o mpe titio n, o pe ra ting pe rfo rma nc e , e nviro nme nta l a nd sa fe ty risks, de la ys in o b ta ining o r fa ilure to o b ta in ne c e ssa ry pe rmits a nd a ppro va ls fro m lo c a l a utho ritie s, c o mmunity re la tio ns, a nd o the r de ve lo pme nt a nd o pe ra ting risks. Sho uld a ny o ne o r mo re o f the se risks o r unc e rta intie s ma te ria lize , o r sho uld a ny unde rlying a ssumptio ns pro ve inc o rre c t, a c tua l re sults ma y va ry ma te ria lly fro m tho se de sc rib e d he re in. Altho ug h T inka b e lie ve s tha t a ssumptio ns inhe re nt in the fo rwa rd-lo o king sta te me nts a re re a so na b le , fo rwa rd-lo o king sta te me nts a re no t g ua ra nte e s o f future pe rfo rma nc e a nd a c c o rding ly undue re lia nc e sho uld no t b e put o n suc h sta te me nts due to the inhe re nt unc e rta inty the re in. E xc e pt a s ma y b e re q uire d b y a pplic a b le se c uritie s la ws, T inka disc la ims a ny inte nt o r o b lig a tio n to upda te a ny fo rwa rd-lo o king sta te me nt. Ca utio na ry No te to Unite d Sta te s I nve sto rs: T his pre se nta tio n use s the te rms “Me a sure d”, “I ndic a te d” a nd “I nfe rre d” Re so urc e s. Unite d Sta te s inve sto rs a re a dvise d tha t while suc h te rms a re re c o g nize d a nd re q uire d b y Ca na dia n re g ula tio ns, the Unite d Sta te s Se c uritie s a nd E xc ha ng e Co mmissio n do e s no t re c o g nize the m. “I nfe rre d Mine ra l Re so urc e s” ha ve a g re a t a mo unt o f unc e rta inty a s to the ir e xiste nc e , a nd a s to the ir e c o no mic a nd le g a l fe a sib ility. I t c a nno t b e a ssume d tha t a ll o r a ny pa rt o f a n I nfe rre d Mine ra l Re so urc e will e ve r b e upg ra de d to a hig he r c a te g o ry. Unite d Sta te s inve sto rs a re c a utio ne d no t to a ssume tha t a ll o r a ny pa rt o f Me a sure d o r I ndic a te d Mine ra l Re so urc e s will e ve r b e c o nve rte d into Mine ra l Re se rve s. Unite d Sta te s inve sto rs a re a lso c a utio ne d no t to a ssume tha t a ll o r a ny pa rt o f a n I nfe rre d Mine ra l Re so urc e e xists, o r is e c o no mic a lly mine a b le . T he Mine ra l Re so urc e s disc lo se d in this c o mpa ny pre se nta tio n we re e stima te d b y Mr. Da vid Ro ss, P.Ge o ., a n e mplo ye e o f Ro sc o e Po stle Asso c ia te s I nc . (RPA) a nd is inde pe nde nt o f T inka . T he Zinc / T in Mine ra l Re so urc e s we re pub lic a lly re le a se d o n Ma y 25, 2016, while the Silve r Re so urc e s we re re le a se d o n F e b 26, 2015. By virtue o f his e duc a tio n a nd re le va nt e xpe rie nc e , Mr. Ro ss is a "Qua lifie d Pe rso n" fo r the purpo se o f Na tio na l I nstrume nt 43-101. T he Mine ra l Re so urc e s ha ve b e e n c la ssifie d in a c c o rda nc e with CI M De finitio n Sta nda rds fo r Mine ra l Re so urc e s a nd Mine ra l Re se rve s. T his pre se nta tio n ha s b e e n pre pa re d, re vie we d a nd ve rifie d b y Dr. Gra ha m Ca rma n, T inka ’ s Pre side nt a nd CE O a nd a F e llo w o f the Austra la sia n I nstitute o f Mining a nd Me ta llurg y, a q ua lifie d pe rso n a s de fine d b y NI 43-101.
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hre e se pa ra te de po sits a t Aya wilc a (Zinc , T in, Silve r)
xpa nsio n o f Zinc re so urc e s, fo llo we d b y a PE A
xte nding pe rmits - drilling to sta rt Oc t-No v 2016 Soc ial E ngage me nt and Sustainable De ve lopme nt
xc e lle nt re la tio nship with lo c a l c o mmunitie s
F C (Wo rld Ba nk) pro viding o ng o ing suppo rt Str
. Gr aham Car man, Pr e side nt & CE O – Ge o lo g ist with 25 ye a rs
Pe ru (Rio T into , Sa va g e , Pa sminc o ); L ive d in Pe ru 7 ye a rs
e r nande z- Bac a, VP E xplor ation – Pe ruvia n with 20 ye a rs e xpe rie nc e in e xplo ra tio n (Ho c hsc hild, Gite nne s, AQM)
de ve lo pme nt
xplo ring & de ve lo ping Aya wilc a Zinc Pro je c t (T in, Silve r) in Pe ru (T K 100%) ~ 3.0 Billio n Po unds Zinc E q disc o ve re d to da te a t a c o st o f ~0.5 c e nts/ po und Zinc
Aya wilc a
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disc o ve rie s in Pe ru in the pa st 20 ye a rs
g o ve rnme nt a nd ric h mine ra l e ndo wme nt
Pa sc o , Pe ru's la rg e st histo ric zinc mine T hr e e De posits:
nfe rre d Mine ra l Re so urc e (Ma y 2016): 18.8 Mt @ 8.2% ZnE
q
in Zone (Sn- Ag- Cu) - I
nfe rre d Mine ra l Re so urc e (Ma y 2016): 5.4 Mt @ 0.89% SnE
q
Oxide (Ag) De posit -
Mine ra l Re so urc e (hig he r g ra de le nse s):
10.4 Moz @ 112 g / t Ag (Indic a te d) a nd 7.5 Moz @ 105g / t Ag (Infe rre d)
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T r ading Symbol: T SXV: T K
Shar e s Issue d: 149.8 M
War r ants: 25.3 M Options: 10.7 M Shar e s r e se r ve d: 0.5 M F ully dilute d: 186.3 M Mar ke t c ap @ $0.22/ shar e : ~C$33 M Cash 30 June 2016: ~C$2.7 M
Major shar e holde r s
Se ntie nt Gr
21.5% Inte r national F inanc e Cor p. 14.0%
$- $0.010 $0.020 $0.030 $0.040 $0.050 $0.060 T inka Arizona Mining T re va li E V/ Zn+Pb Mlb (CAD)
Zinc Company Compar ison
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Mine r al Rank in Wor ld 2015 L atin Ame r ic a 2015
Zinc 2nd 1st Co ppe r 3rd 2nd T in 3rd 1st L e a d 4th 1st Silve r 3rd 2nd Go ld 5th 1st
* Only la rg e mine ra l de po sits sho wn
L a s Ba mb a s
Anta mina
Sa n Ra fa e l
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Giant Ore Deposit
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01/ 01/ 2016 01/ 02/ 2016 01/ 03/ 2016 01/ 04/ 2016 01/ 05/ 2016 01/ 06/ 2016 01/ 07/ 2016 01/ 08/ 2016
Zinc +45% Silve r +35%
Gold +25% Nickel +13% Copper ‐2%
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Source: BMO Capital Markets
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T IME L INE 2007 - Jul 2014 Aug 2014 - Jul 2015 Aug 2015 - Jul 2016 Aug 2016 - Jul 2017 Aug 2017 - Jul 2018 Aug 2018 - Jul 2019 Re sour c e Growth
I nitia l de fine d Ag re so urc e a t Co lq uipuc ro Zn disc o ve ry a t Aya wilc a in 2012 F e b . 2015 I nitia l I nfe rre d Zn Re so urc e (13.3Mt @ 7.7% ZnE q ) Ag Ox Re so urc e (14.3Mo z indic a te d & 13.2Mo z infe rre d) Ma y 2016 Upda te d I nfe rre d Zn Re so urc e (18.8Mt @ 8.2% ZnE q ); a nd Ne w T in I nfe rre d Re so urc e (5.4Mt @ 0.89% Sn)
Q2- Q3 2017 T BD T BD Work Ac tivity
11,000m drille d fo r Zn a nd 6,000m drille d fo r Ag 6,000m drille d fo r Zn a nd 2,000m fo r Ag 9,000m drille d fo r Zn & Sn
Q4 2016: c omme nc e 10,000 - 15,000 me tr e dr ill pr
am PE A PF S / F S Cor por ate
T inka & Da rwin me rg e r July 2014 Ne w CE O a nd C$5.3M e q uity inve stme nt b y Se ntie nt Ma y 2015 C$7.2M fina nc ing (Se ntie nt C$2.0M, I F C C$4.5M)
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Zinc Zone I
nfe rre d Mine ra l Re so urc e s (Ma y 2016):
18.8 Million T
ading 8.2 % Zinc E
e ase on 2015 r e sour c e )
n, 15g / t Ag me ta l g ra de s
ndium;
e a d
Pric e s: Zn: $1.00/ lb, Pb: $1.00/ lb, Ag: $20/ oz, In: $500/ kg Cut- off: 5% ZnE q ~ NSR US$60/ t Pric e s: Sn: $9.00/ lb, Cu: $3.00/ lb, Ag: $20/ oz Cut- off: 0.45% SnE q ~ NSR US$60/ t No te : Re so urc e s e stima te d b y Ro sc o e Po stle Asso c ia te s I nc . (RPA) o f T
11 Aya wilc a Zinc / T in – looking south
T
in Zone I
nfe rre d Mine ra l Re so urc e s (Ma y 2016):
5.4 Million T
ading 0.89 % T in E q.
in (41,000 to nne s);
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No te s: 1. Mine ra l re so urc e e stima te a t Ma y 25, 2016
q )
43-101 re po rt da te d June 26, 2016, fo r de ta ils o f re so urc e e stima te s a nd a ssumptio ns
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Are a T
(Mt) ZnE q (% ) Zn (% ) Pb (% ) In (g/ t) Ag (g/ t) Zn (Mlb) Pb (Mlb) In (000 kg ) Ag (Moz) We st
4.5 10.6 7.6 0.2 100 17 765 15 452 2.5
Ce ntr al
9.5 7.4 5.2 0.2 72 13 1,094 39 685 3.9
E ast
4.8 7.4 5.6 0.3 52 16 587 27 248 2.5
T
18.8 8.2 5.9 0.2 74 15 2,446 82 1,385 8.8
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4200mRL 4000mRL 3800mRL
3600mRL
F utur e Adit for advanc e d e xplor ation/ mine r al e xtr ac tion
We st Ayawilc a
Ce ntr al Ayawilc a E ast Ayawilc a
Sa ndsto ne L ime sto ne Phyllite
4200mRL 4000mRL 3800mRL 3600mRL
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Ma g ne tic s
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16 Colquipuc ro – looking north Notes: : Resources estimated by Roscoe Postle Associates Inc. (RPA) of Toronto, Canada (news release of May 25, 2016). Mineral Resources are reported within a preliminary pit shell and above a cut‐off grade of 60 g/t Ag for High Grade Lenses, and 15 g/t Ag for Low Grade Halo. The cut‐off grade is based on a price of US$24/oz
resource estimates and assumptions. Cla ss/ Zone T
Ag (g / t) Ag (Moz) Indic a te d
Hig h Gra de L e nse s 2.9 112 10.4 L
4.5 27 3.9
T
7.4 60 14.3 Infe rre d
Hig h Gra de L e nse s 2.2 105 7.5 L
6.2 28 5.7
T
8.5 48 13.2
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Aya wilc a zinc & tin re so urc e s Co lq uipuc ro silve r re so urc e
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Training programs Guinea pig breeding programs Road and drill platforms
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Upg ra de
in Zo ne Re so urc e
ma g )
xte nd drill pe rmits
A/ PF S*
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*sub je c t to re sults/ fina nc ing
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Gr aham Car man
Pre side nt & CE O, Dire c to r
Ge o lo g ist, PhD L ihir PNG, 25 ye a rs e xpe rie nc e in mine ra l e xplo ra tio n, 15 yrs Pe ru e xpe rie nc e , E x Rio T into , Savag e , Pasminc o Alvar
e r nande z- Bac a
VP E xplo ra tio n, Pe ru
Ge o lo g ist, P. Ge o ., APE GBC, E x Ho c hsc hild, AQM Co ppe r, E ntré e Go ld, Gite nne s Javie r E sc ude r
C Ma na g e r, Pe ru
He alth, Safe ty, E nviro nme nt, Co mmunity & Pe rmits. E x Go ldfie lds Nic k De mar e
CF O, Dire c to r
CPA, CA, o ffic e r/ dire c to r, Past Pre side nt o f Chase Manag e me nt I nc . Mar iana Be r mude z
Co rpo ra te Se c re ta ry
19 ye ars e xpe rie nc e pro viding c o rpo rate se c re tarial, c o rpo rate g o ve rnanc e and se c uritie s re g ulato ry c o mplianc e se rvic e s
David He nstr idge F
Yanina Bar ilá Se ntie nt Gro up re pre se ntative , MBA in financ e fro m Bue no s Aire s Mar y L ittle F
atin Ame ric a
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ZnE q% Cut-
T
(Mt) ZnE q% Gr ade Zinc % L e a d % Indium g/ t Silve r g/ t 3
22.3 7.5 5.5 0.2 67 13
4
20.9 7.8 5.6 0.2 70 14
5 18.8 8.2 5.9 0.2 74 15 6
13.1 9.4 6.6 0.2 93 16
7
9.5 10.4 7.2 0.2 110 17
SnE q% Cut- off T
(Mt) SnE q% Gr ade T in % Coppe r % Silve r g / t 0.25
5.7 0.87 0.73 0.30 18
0.35
5.6 0.87 0.74 0.31 18
0.45 5.4 0.89 0.76 0.31 18 0.55
3.8 1.06 0.91 0.36 18
0.65
3.2 1.15 1.00 0.36 18 Zinc Mine r al Re sour c e : 18.8 Mt gr ading 8.2% ZnE q T in Mine ra l Re sourc e : 5.4 Mt g ra ding 0.89% SnE q
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Notes: Base cases (highlighted) are reported at cut‐off grade of 5% ZnEq and 0.45%SnEq, respectively (~US$60 per tonne NSR value). Metal price assumptions were US$1.00/lb Zn, US$9/lb Sn, US$3/lb Cu, US$500/kg In, US$20/oz Ag, US$1.00/lb Pb. Metal recovery assumptions were 90% Zn, 75% In, 50% Ag, and 75% Pb for the ZnEq calculation, and 85% Sn, 75% Cu, and 50% Ag for the SnEq calculation. Refer to NI 43‐101 report dated June 29, 2016, for details of resource estimates and assumptions.
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Suite 1305 1090 We st Ge o rg ia St Va nc o uve r, BC V6E 3V7 CANADA Ph: +1.604.699.0202 F a x: +1.604.683.1585
Dr . Gr aham Car man Pr e side nt & CE O
info @ tinka re so urc e s.c o m
Inve stor Re la tions Consulta nt Rob Brug g e ma n
rb rug g e ma n@ tinka re so urc e s.c o m
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