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May 2018
May 2018 1 DISCLAIMER Neither the TSX Venture Exchange nor its - - PowerPoint PPT Presentation
May 2018 1 DISCLAIMER Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presentation. No stock
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May 2018
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presentation. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements contained in this presentation may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbor" provisions under the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political
that actual results of work may differ from projections/expectations or may not realize the perceived potential of the company’s projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Mo Srivastava, Vice President of TriStar Gold, is the Qualified Person who supervised the preparation of the technical information contained in this presentation and approves its publication.
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multiple recent success stories
simple efficient metallurgy
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NICK APPLEYARD PRESIDENT, CEO, DIRECTOR
Development for International Minerals SCOTT BRUNSDON CHIEF FINANCIAL OFFICER
International Minerals and Placer Dome North America MO SRIVASTAVA VICE PRESIDENT
Canada Consultants and Benchmark Six
ELTON PEREIRA VICE PRESIDENT
exploration throughout Brazil
Rio Tinto MARK E. JONES III CHAIRMAN
BRIAN IRWIN CORPORATE SECRETARY, DIRECTOR
Law Firm
Mining DIANE GARRETT DIRECTOR
Creek Platinum
Romarco Minerals LEENDERT KROL DIRECTOR
and Romarco Minerals
Director for Newmont QUINTON HENNIGH DIRECTOR
Resources
Homestake, Newmont, Newcrest CARLOS VILHENA DIRECTOR
Advogados (Brazil)
Brazilian Mining Association 5
Management Directors
Market Capitalization ~$C 37 million Shares Issued 168.5 million Cash ~$C 2 million Fully Diluted Shares 207.4 million Share Price $C 0.22 Stock Options 15.5 million 52-week Range $C 0.18 – 0.40 Warrants 23.4 million Analyst Coverage: Paradigm Capital - Don Blyth
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As at 30 April 2018
Ownership
1. Size
2. Great Infrastructure
3. Simple Mining
4. Same type of deposit as currently producing mines: Tarkwa and Jacobina
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GOLD CONTINUES TO EXPAND RESOURCES AT CASTELO DE SONHOS”.
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TriStar discovery cost US$4.75/oz Jan 2016 to Dec 2017
NOTE: the global average numbers are exploration discovery costs, so compare to the CDS exploration cost of $3.62/oz. TriStar Golds ‘all-in’ number including G&A is US$7.67/oz
CDS Acquisition, $1.13 CDS Exploration, $3.62
2016
Q1 Q2 Q3 Q4
New Management: Investment $1.3M Dec NI 43-101 Report on Exploration Target Range Mar Extension Drilling begins Sept 13.2 million warrants exercised: $2.1M Jul Phase 1 Drilling complete Nov
Investor
de Sonhos July Extension Drilling
Q1 Q2 Q3 Q4
2017
Phase 2 Drilling complete $5.1M Financing Infill Drilling Jan Resource Update Dec
2015
Preliminary Economic Assessment
Q1 Q2 Q3 Q4
2018
$2.9M Financing Jan
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Resource Update Planned Resource Expansion Drilling
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Sample bags ready for the lab Esperança Central Field camp office at CDS Location of CDS plateau & village Tunnels dug by garimpeiros Aerial view of kilometer-scale trenches hand-dug by garimpeiros
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Region Resource Category Tonnage (Mt) Grade (g/t Au) Metal Content1 (Moz Au) Esperança South Indicated Inferred 8.9 14.9 1.8 1.2 0.5 0.6 Esperança Center Indicated Inferred 11.3 1.0 0.4 Project Total Indicated 8.9 1.8 0.5 Inferred 26.2 1.2 1.0
1The metal content estimates reflect gold in situ, and do not include factors such as external dilution, mining losses and process
recovery losses. Numbers have been rounded to reflect the precision of Inferred and Indicated mineral resource estimates. The reporting cutoff corresponds to the approximate marginal cutoff for an open pit with total operating cost (non-waste mining + processing + G&A) of $US 15.00/t, metallurgical recovery of 98% and a gold price of $US 1,200/oz. These are mineral resources and not reserves and as such do not have demonstrated economic viability. TriStar is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing or political factors that might materially affect these mineral resource estimates. 14
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Whole rock cyanidation Recovery ~98% Gravity alone Rougher concentrate recovery ~73% Gravity plus flotation then leaching of combined concentrates Overall recovery of ~92%
The trade-off studies will be completed during the PEA engineering to determine which is the best process flow-sheet to use.
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Nick Appleyard, President, CEO and Director
International Minerals. Nick has over 25 years international experience in precious metals exploration and mining. He has managed exploration, development and production JVs in North and South America, including extensive project development experience in South.
member of the Australasian Institute of Mining and Metallurgy.
Scott Brunsdon, Chief Financial Officer
Minerals and Placer Dome NA. He has been a Director and senior manager with several mining companies and has over 28 years’ experience in public company management, corporate development, public listings, mergers and acquisitions.
Mo Srivastava, Vice President
with more than 30 years of experience in economic geology, has been an Advisor to Boards of Directors, President and Founder of consultancy firm FSS Canada. He has served as an expert witness and is respected as an advisor to governments and to standards- development organisations. Mo is co-author of the most widely-used textbook on geostatistics, and of more than 40 papers on the theory and practice of geostatistics. With advancements in technology, Mo continues to develop leading techniques for resource estimation.
recipient in 2016 of the Award of Merit from the Association of Professional Geoscientists of Ontario.
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Mark E Jones III, Chairman of the Board
Corporation in 2004); founder and Director of Crown Resources (acquired by Kinross Gold in 2006); Director of Arequipa Resources (sold to Barrick Gold for C$1 billion. Prior to 1984 Mark was involved in the investment banking business as a partner in Jones Lloyd & Webster.
Creek Platinum Corp. Board Chair of Revival Gold and Board member of OceanaGold Corp. Previously, Dr. Garrett was President and CEO of Romarco Minerals. Dr. Garrett has an M.Sc. in Mineral Economics (1986) and a Ph.D. in Engineering (1993) from the University of Texas at Austin.
Mining, Newcrest Mining and Newmont Mining. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.
Brian Irwin
focus on mining and corporate finance. During his forty year career, he served as chairman of the natural resources subsection of the Continuing Legal Education Program of the British Columbia Bar. He now sits on the boards of a number of resource based public companies.
Carlos Vilhena
in Law from the University of Brasilia Law School.
Leendert Krol
Resources Corporation, Vice President, International Exploration, Director of Foreign Exploration and Director of Metallurgical Services with Newmont Mining; Exploration Manager, Diamonds, for Anaconda Copper Company; Consulting Geologist, Diamonds, for ASAM; and Senior Geologist for Anglo American Corporation.
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15m @ 0.3g/t 16m @ 0.4g/t 4m @ 0.4g/t 5m @ 2.8g/t 1m @ 2.5g/t 9.8m @ 0.5g/t 14m @ 0.3g/t 7.75m @ 0.4g/t 18m @ 0.7g/t 14m @ 0.4g/t 8m @ 0.3g/t 2m @ 3.5g/t 12m @ 2.3g/t
Section A – A’
Elevation 490m 590m 540m
10 20 30 40 50 m
N
1000m
A A’ B’ C’ C B
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30.8m @ 1.7g/t 16m @ 0.5g/t 34m @ 0.5g/t 25m @ 0.4g/t 46m @ 0.6g/t
Elevation 530m 630m 580m
10 20 30 40 50 m
11m @ 1.0g/t >7.6m @ ~0.5g/t
?
5.7m @ 0.4g/t
Section B – B’
N
1000m
A A’ B’ C’ C B
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1m @ 3.1g/t 2m @ 1.1g/t 16m @ 1.0g/t 14m @ 3.2g/t 18m @ 0.6g/t 1m @ 0.5g/t 2m @ 0.6g/t 2m @ 2.5g/t
Elevation 520m 620m 570m
16m @ 3.0g/t
10 20 30 40 50 m
Section C – C’
N
1000m
A A’ B’ C’ C B
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➢ Tarkwa – Operated by Gold Fields in Ghana – plus 30 million ounce gold deposit ➢ Jacobina – Operated by Yamana Gold in Brazil – plus 10 million ounce gold deposit
Two billion years ago, a large continent lay near the South Pole, with a chain of lode gold deposits along its central mountain ridge. Gold accumulated in placer deposits down-slope, in alluvial fans, on beaches and in the near-shore marine environment. In modern times, these now include gold deposits at Tarkwa, Jacobina and Castelo de Sonhos. Pl Plate Dat Data pro provided by y Dr Dr. . Bru Bruce Eglin glington (Un (Univ iversit ity of
Sas Saskatchewan)
1.9 g/t (pit) 1.2 g/t (pit)
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Jacobina Tarkwa Castelo de Sonhos