SLIDE 32 Appendix A: Forward-Looking Information (1)
This document contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively “forward-looking information”) with respect to TMAC Resources Inc. (“TMAC” or the “Company”), including, but not limited to statements or information concerning: mineral resource estimates; targeting conversion of resources in the inferred category to the measured and indicated categories; targeting additional resources; the economic analyses contained in the preliminary economic assessment on the Hope Bay Project (the “PEA”) and the Company’s 2014 internal financial model, (the “TMAC Model”); low anticipated operating, drilling and capital costs; available future tax pools; the Company’s expectations, strategies and plans for the Hope Bay Project, including estimated completion dates for certain milestones, on the slides “TMAC Hope Bay Strategy”, “Hope Bay is Well on Its Way” ,“What TMAC Needs at Hope Bay”, “2015 Plan”, “Project Financing Objectives” and “Path to Production”, including completing a project financing of $300 million by Q2 2015, completing detailed mine planning and engineering, completing a prefeasibility study by March 31, 2015, successfully adding or upgrading resources, supplies arriving on 2015 sealift, building the Doris, Madrid and Boston mines, installing the Gekko plant by Q3 2016, producing gold by December 2016 and the costs of the foregoing; the potential quantity and/or grade of gold within the Hope Bay Project; the potential size of a mineralized zone or potential expansion of mineralization at the Hope Bay Project; proposed exploration and development of the Hope Bay Project; the successful development of new deposits and of future exploration; the timing and amount of future production, including the commencement of production in 2016; future financial or operating performance and condition of the Company and its business, operations and properties; the timing and amount of estimated capital, operating and exploration expenditures; requirements for additional capital; the success of dialogue and community relations activities with local groups such as the KIA and the NTI; any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements, and involve known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, will”, “projects”, or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events, results or conditions “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Except for statements of historical fact, information contained herein constitutes forward- looking information. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including among other things assumptions about: favourable equity and debt capital markets; the ability to raise sufficient capital to advance the development of the Hope Bay Project and pursue planned exploration; future prices of gold and other metal prices, including those assumed in the PEA and the TMAC Model; accuracy of any mineral resource estimates; the geology of the Hope Bay Project being as described in PEA; the metallurgical characteristics of the deposit being suitable for the Gekko plant; the ability of management and third parties to achieve the timing of the milestones set out above; the successful operation of the Gekko plant; production costs; accuracy of budgeted exploration and development costs and expenditures, including to complete development of the infrastructure at the Hope Bay Project; the price of other commodities such as fuel; future currency exchange rates and interest rates; favourable operating conditions; political and regulatory stability; receipt of governmental approvals and permits and all necessary third party financing on favourable terms; obtaining renewals for existing licences and permits and obtaining all other required licences and permits; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with the KIA and NTI and other local groups; and the Company’s ability to operate in the harsh northern Canadian climate. The assumptions used to produce the mineral resource estimates and the preliminary economic assessment of the Hope Bay Project are detailed in the PEA, which is available on the Company’s website. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual performance, achievements, actions, events, results or conditions to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
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