Tanzania Royalty Exploration Corporation
Busolwa – Buziba Joint Venture Proposal
To Raise Financing for Development / Construction
- f Commercially Minable Gold Deposit
February 2014
Tanzania Royalty Exploration Corporation Busolwa Buziba Joint - - PowerPoint PPT Presentation
Tanzania Royalty Exploration Corporation Busolwa Buziba Joint Venture Proposal To Raise Financing for Development / Construction of Commercially Minable Gold Deposit February 2014 Deal Highlights Tanzanian Royalty Exploration
Busolwa – Buziba Joint Venture Proposal
To Raise Financing for Development / Construction
February 2014
43-101 compliant gold resources now being compiled for inclusion in Pre Feasibility study nearing completion.
maximizing shareholder value.
limited depth drilling to date.
by Allied.
and other key Projects in the pipeline
Financing.
Operations
equity holdings with minimal initial capital injection
Allied responsible for Financing.
4 Buziba License Joint Venture Company Allied and BGCL Busolwa Licenses Funding and Mine Development
Assets
Stamico
issue shares
and Allied vends Busolwa licenses into JVC
Allied to Arrange financing
BGC
identifying and acquiring gold resources, developing these into reserves and then producing gold.
Salaam in Tanzania.
Africa and Tanzania.
facilities and Experienced staff.
Middle East, Europe and United States.
6 Allied Management Team Mr Justin Dibb
Justin began his career in an advisory capacity with HSBC. His entire career has been focused on Africa, during which time he has been engaged in both a principal and advisory capacity in the petroleum and mining sectors. Justin founded Dominion Petroleum Limited and in his capacity as Managing Director acquired seven assets for Dominion in Tanzania, Uganda and the Democratic Republic of the Congo. Dominion was listed on the AIM market of the London Stock Exchange in 2006 with a market capitalisation of US $240 million and raised US $140 million.
Mr Phillip Shamieh
Phillip has over 15 years of capital markets experience in the natural resources sector, having raised and advised on over $650m worth of equity, debt and convertible transactions. He has raised Capital for Adamus Resources, Sundance Resources and many other mining companies. Phillip has a transaction record with Sovereign Wealth Funds, Industrial Conglomerates, and Pension and Endowment Funds. He holds a BA in Commerce from Sydney and a post-graduate degree in Applied Finance and Investments from the Securities Institute of Australia
Exploration Dr Andrew Robinson Exploration Greg Winch
Andrew has thirty years of experience in the mining and petroleum exploration and development industries and has held key positions in Billiton, BP Minerals and BP Exploration where he worked on and ran exploration and development projects including gold, base metals and uranium. He is a geologist of international repute with more than thirty papers published in major scientific journals and three textbooks to his name and has been responsible for significant advances in the fields of lead-zinc mineralisation and regional geology. In 2004, Andrew co-founded Dominion Petroleum Limited with Justin Dibb, becoming Exploration & Production Director. He holds a BA in geology from Oxford University and post-graduate degrees from Toronto and Reading Universities Geologist with 22 years of experience, 17 in Africa. Senior geologist at Golden Pride Mine (Tanzania), exploration manager and Director for Equinox (Zambia) and Centamin (Ethiopia)
third largest gold producer
major producing mines
around BUSOLWA/BUSIBA within the same Greenstone Belt
in Africa (Geita)
significant undeveloped gold properties with Resources that could be brought to production quickly
leading to deal flow
ADVANCED GOLD PROJECT - TANZANIA
Geita 25 Moz Bulyanhulu 20 Moz Golden Pride 2 Moz Nyanzaga 4 Moz North Mara 4 Moz Tulawaka 3 Moz Buzwagi 4 Moz
BUSOLWA Lake Victoria Goldfield, Tanzania
Scale (km) 0 100
7
>150m (around 130m below surface)
below 120m
Open at depth Drilling and Resource previously limited to around 110m below surface
PROJECT GROWTH
9
10
Licensing Joint Venture Company 100% Logistics Airstrip, offices, 25 person camp established Further infrastructure development supported by control of surrounding licenses. total area 93km2 Space to mine: total license holding 98km2 Economics Scale: one management team, one camp, one plant Capacity to incorporate into Ausenco Pre-Feasibility Study Due March 2014
Value Drivers Geology Tenure Map
Integrated development maximises value
5 km
Significant Exploration Upside Near Mine Ample Space for Mine
– Simple open pit – Ore to surface – no pre-stripping – Contract mining model
– Limited resettlement – Area not remote – Support industries available locally – Limited camp requirement – live in Geita
– Dedicated Management focused on costs
– Low reagent usage – High recovery – 50% of gold recoverable by gravity – Second-hand plant available in Tanzania
COMMERCIAL PROJECT
11
Significant depth potential with limited depth drilling to date
Core store Geology office Accommodation
13
Leach or Carbon-in-Pulp
– Many of the world’s gold production processed by Heap- Leaches – Simple technology, low-cost – Allows commercial processing of very low-grade ore – Definitive Feasibility Study, financing, construction 2014-2015 – Gold production end-2015
ADVANCED GOLD PROJECT - TANZANIA
2013 Metallurgical Drilling Fresh core from 2013 drilling 14