TVI AGM Presentation June 10, 2015 Qualified Person Statement and - - PowerPoint PPT Presentation

TVI AGM Presentation

June 10, 2015

Qualified Person Statement and Disclaimer

Qualified Person Mike Bue, Bsc. Eng, M.Eng, P.Eng, Technical Advisor and Project Advisory Group member of TVI and a member of the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy, is the qualified person under NI43-101 who has approved the scientific and technical information in this presentation. Forward-looking Statements This presentation contains certain forward-looking information (referred to herein as "forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "scheduled", "to be", "will be" and similar expressions. Forward- looking statements in this presentation are based upon the opinions and expectations of management of the Company as at the effective date of such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that those expectations will prove to have been

• correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual
• utcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are

not limited to, such things as inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices, changes in exploration plans

• r budgets, and availability of equipment and personnel.

Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this Presentation and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. The forward-looking statements contained in this presentation are made as of the date hereof and TVI does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable Canadian securities law. The forward-looking statements contained herein are expressly qualified by this cautionary statement. 2

Where we have been…

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TVI – Significant Events in H2/2014-H1/2015

TVIRD ACTIVITIES

• In July 2014, TVI completed various investment and financing transactions with Prime Resource Holding Inc.

relating to TVIRD to raise total proceeds of US$10.64 million. TVI now holds a 30.66% equity interest in TVIRD and reports its interest as an investment in joint venture in its financial statements.

• In October 2014, TVI announced that AMVI, a joint venture company owned 60% by TVIRD, has successfully

launched direct shipping ore operations at the Agata nickel laterite project.

• In November 2014, TVI announces that API, a joint venture company in which TVIRD has the right to earn into a

60% interest, was in the final phase of completing a Definitive Feasibility Study at the Agata Nickel Processing

• project. TVI also announced that AMVI has commenced a large scale exploration program at the Agata nickel

laterite project to upgrade and increase the project’s existing resources. Additionally, AMVI had commenced an exploration program at the Agata Limestone project to establish an initial resource estimate.

• In December 2014, TVI announced that TVIRD was in the final phase of permitting at the Balabag gold-silver

project.

• In May 2015, TVI announced that AMVI has completed its large scale drilling program at the Agata nickel laterite

project and is in the process of completing an updated technical report due in the third quarter of 2015.

• As of May 2015, TVI announced that AMVI has made 13 shipments of nickel laterite ore totaling 641,361 wet

metric tonnes of limonite ore and 60,369 wet metric tonnes of saprolite ore for gross proceeds of $11.23 million.

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TVI – Significant Events in H2/2014-H1/2015

CASH POSITION & NEW PROJECT OPPORTUNITIES

• At the end of October 2014, TVI forms Project Advisory Group consisting of independent, seasoned

mining, exploration and project assessment experts who will be assisting TVI in evaluating new

• pportunities in the Asia Pacific Region.
• In November 2014, TVI announced that Foyson Resources, a company in which TVI held a 20.04%

equity interest at the time (now 26%) had entered into a business arrangement to acquire the licenses to technologies that converts waste plastics to fuel and biomass to energy and fuel.

• TVI ended Q3/2014 with $6.2 million in cash and short-term investments.
• In early November 2014, TVI enters Heads of Terms agreement with Kalo Resources to conduct due

diligence on the Cirianiu Gold Project in Fiji for a possible joint venture investment.

• TVI ended the 2014 year with $5.3 million in cash and short term investments.
• At the end of April 2015, TVI announced the extension of the due diligence program at the Cirianiu Gold

Project in Fiji in order to conduct an auger soil geochemical survey and possible confirmation drilling ahead of making an investment decision.

• TVI ended Q1/2015 with $4.7 million in cash and short-term investments.

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Share Price Performance

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Current Share Price (TSX: TVI) $0.015 Issued & Outstanding Shares 655.4 Million Market Capitalization $9.83 Million Average daily 3-month volume 83,256

State of Resource Sector

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• GLD (SPDR Gold Shares) – down 21%
• CUPM (iPath Pure Beta Copper ETN) – down 38%
• SLX (Market Vectors Steel Index) – down 55%
• NINI (iPath Bure Beta Nickel ETN) – down 55%
• COPX (Global X Copper Miners ETF) – down 59%
• SLV (iShares Silver Trust) from) – down 60%
• S&P/TSX Venture Composite – down 71%
• GDXJ (Junior Gold Miners ETF) – down 85%

Where we are headed…

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TVIRD’s Listing on the PSE will put a tangible dollar value on TVI’s investment and provide TVI with the ability to liquidate its position to raise funds for its own project acquisition and development activities

Self-Financing via TVIRD’s PSE Listing

• TVIRD is currently a PRIVATE company held 30.66%* by TVI Pacific and

Philippine Investment company Prime Resource Holdings.

• Due to its private status, North American markets do not have a way of

determining the value of TVI’s interest in TVIRD.

• TVIRD has commenced the process of listing on the Philippine Stock

Exchange (PSE) which includes the following activities:

• Broker Evaluation & Selection Process
• Due Diligence & Pre-filing with the PSE
• Registration and Approval by the PSE & Pre-Marketing
• Road Show
• IPO & Listing
• Upon TVIRD’s listing on the PSE, TVIRD’s market capitalization will be

publicly available and the value of TVI Pacific’s interest readily calculated.

• The PSE listing will provide liquidity for TVI to sell its equity stake at any

time to support its own acquisition and development efforts.

* TVI has the option to increase its ownership of TVIRD to 31.6% once TVIRD lists on the Philippine Stock Exchange

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TVIRD Valuation Drivers

1) Projected net income from laterite direct shipping ore (“DSO”) operations and increasing NI43-101 compliant resources at the Agata Nickel Laterite Project 2) Receipt of DMPF approval and commencement of development at the Balabag Gold-Silver Project 3) Finalizing a Definitive Feasibility Study at the Agata Nickel Processing Project. 4) Defining an initial NI43-101 resource estimate at the Agata Limestone Project.

AGATA

Nickel Laterite Nickel Processing Limestone

BALABAG Gold-Silver LUZON

Manila

MINDANAO

* TVI has the option to increase its ownership of TVIRD to 31.6% once TVIRD lists on the Philippine Stock Exchange

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TVIRD’s Agata Nickel DSO Project

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• Owned by Agata Mining Venture Inc. (AMVI), a Joint Venture

company in which TVIRD has a 60% interest and is the

• perator.
• Project is located in the Surigao mining region of Mindanao

and benefits from excellent location and logistics with mining areas located within 3.5 kilometres of a private port in Tubay, Agusan del Norte.

• Project has resources of 10 million tonnes of high iron limonite
• re plus 23 million tonnes of saprolite ore consisting of mid

and high grade nickel ore.

• Commercial operations began in October 2014 and a total of

13 nickel laterite ore shipments have been completed to date containing 641,361 wmt of limonite ore and 60,369 wmt of saprolite ore with gross value of US$11.23 million.

• Since December 2014, the loading port has been expanded to

up to 12,000 wmt capacity with a workforce of over 650 people.

• Original 2015 target production of 2.5 million. However, the

production schedule is currently under review given drop in DSO prices.

Philippine Nickel DSO Prices in 2014

From their peak reached May/June 2014 to the end of 2014, Philippine Nickel Ore FOB prices decreased significantly:

• Ni 1.8% Fe 12-18% DSO – Down 53%
• Ni 1.6% Fe 20-25% DSO – Down 56%
• Ni 1.5% Fe 15-20% DSO – Down 57%
• Ni 0.9-1.1% Fe: 50% DSO – Down 45%
• Ni 0.6-0.8% Fe: 50% DSO – Down 65%
• Due to the Indonesian ban on export DSO materials, prices increased from May to July 2014.

However, after reaching price record highs in June-July, all prices have decreased due to falling nickel prices, depressed iron prices (LME) and surplus inventory in China.

Philippines Ni 1.8% Fe 12-18% Philippines Ni 1.6% Fe 20-25% Philippines Ni 1.5% Fe 15-20% Philippines Ni 0.9%-1.1% Fe: 50% Philippines Ni 0.6%-0.8% Fe: 50%

Philippine NI FOB Price Chart Jan - April 2015

Philippine nickel DSO prices have tumbled even more since the beginning of March:

Philippine Nickel DSO Prices in 2015

• Ni 1.8% Fe 12-18% DSO – Down 20%
• Ni 1.6% Fe 20-25% DSO – Down 20%
• Ni 1.5% Fe 15-20% DSO – Down 30%
• Ni 0.9-1.1% Fe: 50% DSO – Down 20%
• Ni 0.6-0.8% Fe: 50% DSO – Down 13%

TVIRD’s Agata Nickel Laterite Exploration

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2014/15 Exploration Program Drill Hole Map

• Owned by Agata Mining Venture
• Inc. (AMVI), a Joint Venture

company in which TVIRD has a 60% interest and is the operator.

• From October 2014 to April 2015,

TVIRD completed a 16,768-metre, 986-hole drill program to validate and increase existing resources.

• Additional resources have been

discovered to the southwest, central and north east areas surrounding the current mining area.

• An updated resource report is

expected for completion in the third quarter of 2015.

• Growth in resources is expected to

help support TVIRD’s valuation.

TVIRD’s Balabag Gold-Silver Project

• 100% owned by TVIRD.
• Located in the municipality of Bayog and
• approx. 75 km east-northeast of TVIRD’s

former flagship project, Canatuan.

• Low-sulphidation epithermal gold and silver

vein deposit with total of 296 holes drilled for 34,156 m since 2005.

• Resource of 1.78 million tonnes averaging

2.34 g/t gold and 72.3 g/t silver for contained metal of 134,262 ounces of gold and 4,148,196 ounces of silver.

• A pilot plant was established in 2013 to

carry out metallurgical test work with initial results showing overall recoveries of 93% for gold and 90% for silver after 36 hours

• f leach time.
• A starter project with potential to be

expanded with further exploration

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Manila

CANATUAN

ZAMBOANGA PENINSULA BALABAG

An updated Declaration of Mining Project Feasibility (DMPF) was submitted to the Mines and Geosciences Bureau (MGB) in May 2013 which was returned in December 2013 with request for additional information. A formal resource study is underway and once finished, TVIRD will submit an updated DMPF to the MGB in Q2/2015 with approval expected in H2/2015 While exploration work has been on hold pending the receipt

• f all permits, TVIRD continued to work on engineering

design for a processing plant and constructed and maintained 16 kilometers of access roads in anticipation of the commencement of construction. TVIRD is now in the final stages of mine engineering and processing design Construction is planned soon after DMPF approval with first doré pour planned in 2016.

TVIRD’s Balabag Gold-Silver Project

TVIRD’s Agata Nickel Processing Project

• Owned by Agata Processing Inc. (API), a

JV company in which TVIRD can earn 60% interest upon completion of a Definitive Feasibility Study and is operator.

• Project to focus on lower limonite and

saprolite zones of Agata orebody

• Excellent site infrastructure with local

sources of labour, fresh water and power.

• Processing plant is designed as a two-stage

process using initial Atmospheric Tank Leach (ATL) and secondary Low Pressure Acid Leach (LPAL) process.

Port/Causewa y

Limestone

Ni Laterite Ore body

1 Km

MRL NICKEL PHILIPPINES INC.

Proposed Nickel Processing Plant

• Pilot plant established in mid-2013 and first nickel hydroxide was produced in early 2014.
• Processing Plant will be designed to have annual metal production of 7,000 tonnes Ni metal

equivalent as mixed hydroxide product.

• Definitive Feasibility Study underway and scheduled for completion in 2015

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Direct Reduction (aka Tunnel Kiln) Technology is also being studied for the production of Sponge Nickel to process high-iron nickel ore (>50% Iron) at Agata. The option is being studied due to current low DSO prices for high-iron nickel ore. Direct reduction technology is capable of producing sponge nickel grading 6 - 10% nickel. Main advantages to this technology include:

• Low capital investment and operating costs
• Simple proven technology with lower risk of

downtime

• Short construction period of 12 months
• Low energy consumption & surplus energy
• Low level of environmental impact
• Small plants can be located near the mine

Conceptual Tunnel Kiln Plant

TVIRD’s Agata Nickel Processing Alternative

TVIRD’s Agata Limestone Project

• Owned by Agata Mining Venture Inc. (AMVI), a JV

company in which TVIRD has 60% interest and is

• perator.
• Limestone deposits are located south of the nickel

laterite DSO operations and the share same infrastructure

• A 17-hole drill program was carried out from November

2014 to April 2015 to establish an initial resource estimate at the project.

• Drill results have confirmed the presence of a high-purity

recrystallized limestone deposit covering an area of 600 metres by 650 metres with notable intercepts averaging 99.88% CaCO3 at ~15 to 25 metre thickness.

• High-purity limestone is in high demand in the paper and

plastics industries in Asia and trades between $100 - $700 per tonne.

• These results will form the basis for an initial NI43-101

compliant report expected for completion in the third quarter of 2015.

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Activity Timing Broker Evaluation, Selection and Award Process – BDO Capital Completed in May Preparation and completion of Technical Reports June-July Due Diligence by BDO June – July Pre-filing with the PSE June – July Preparation of the audited June 30, 2015 Interim FS July Registration & Approval by the PSE August – October Pre-Marketing August – October Road Show October Offering & Listing November

PSE Listing Timeline Overview (2015)

Searching for our Next Success Story

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TVI is looking to repeat its success at Canatuan by searching for new resource

• pportunities in the Asia Pacific Region with the assistance of a highly experienced

PROJECT ADVISORY GROUP, consisting of:

Douglas J. Kirwin -- Independent consulting geologist with over 45 years of international exploration experience with companies including Anglo American, Amax, Indochina Goldfields and Ivanhoe Mines. Member of the discovery team for the Hugo Dummett deposit at Oyu Tolgoi in Mongolia, the Jelai-Mewet and Seryung epithermal deposits in north east Kalimantan, the Eunsan-Moisan gold mines in South Korea, the Moditaung gold deposits in Myanmar and the Merlin Re-Mo deposit in Australia. John Holliday -- Independent geologist with over 30 years of experience with companies including BHP Minerals and Newcrest Mining. A principal discoverer of the Cadia and Marsden porphyry gold-copper deposits in NSW, and was a principal geological advisor on the acquisition of many significant projects, including Namosi and Wafi-Golpu. Craig Panther -- Independent consulting geologist with over 20 years with companies including Ivanhoe Mines, Barrick Gold, Mineral Resources Ltd. and Sigma Gold NL. Specialist in Pacific Rim Arc geology and mineralization. Ciceron (Jun) Angeles -- Geologist with over 35 years of exploration experience in Asia with companies like Newcrest

• Mining. Specializations include epithermal gold-silver, porphyry copper-gold and Carlin styles of mineralization.

Mike Bue -- Mining engineer with over 35 years of experience with companies such as Queensland Nickel Ltd. (a former subsidiary of BHP Billiton). Experience includes underground and open pit projects and operations; mineral exploration and mineral resource/ore reserve evaluation; and project and mine management.

Resource Acquisition & Development Strategy

• Acquiring or joint venturing with companies on resource deposits that may have a

modest initial resource size but with the potential for significant resource growth…

• Beginning operations as quickly as possible to generate revenues and cash flow…
• Using cash flows from operations to fund further exploration to grow the resource and

expand operations… Benefits of this strategy include:

• Low upfront capital expenditures = lower risk
• Minimal dilution to shareholders as growth is self-financed
• Demonstration of economic and social benefits realized by local communities and

government entities to ensure continued support for expanded operations

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Management’s resource acquisition and development strategy is centered around the concept of…

Cirianiu Gold Project, Fiji

Cirianu Gold Project

FIJI

Wainikoro SPL 1464 23

TVI entered into a Heads of Term Agreement with Kalo Exploration Ltd. in on October 24, 2014 to conduct Stage 1 Due Diligence work before entering a possible Joint Venture agreement on the Cirianiu Gold Project in Fiji.

• If a JV is established, TVI will initiate a major exploration

program to establish an NI43-101 compliant resource and deliver a Scoping Study to earn 20% economic interest in the project (Stage 2).

• If TVI proceeds to Stage 3, it will deliver a definitive NI43-101

compliant feasibility study to earn a 40% economic interest in the properties.

• If TVI proceeds to Stage 4, it will initiate the development of

the project to ultimately earn a 70% economic interest in the properties upon completion.

Located on Fiji’s second largest island, Vanua Levu, the Cirianiu gold project is contained in Kalo Exploration’s Special Prospecting License (SPL)1464. Kalo is the sole owner of SPL 1464 (Wainikoro) and also two other SPLs (1491 and 1492) are contiguous to SPL

• 1464. The three licenses has a total area of 606 km2.

• Placer drilled 41 holes in 1980-90s

totaling 4,194 metres and defined at least six grass-roots intermediate- to low- sulfidation epithermal gold-silver targets.

• Most advanced exploration target is

Qiriyaga Hill, where Placer drilled 27 holes totaling 2,776 metres and found near-surface gold mineralization.

• Detailed exploration carried out by Kalo

since 2009 include geological mapping, contour trenching, channel sampling and diamond drill testing in 22 holes totaling 3,231 metres.

• Results indicate a low-sulphidation

system with epithermal gold mineralization in a mineralized corridor extending 8.5 km.

Cirianiu Gold Project History

Gold Intercepts Gold Intercepts

Preliminary geological interpretation from re-logging of previous drill core

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Cirianiu Due Diligence Program

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Since November 2014, TVI has been carrying out a detailed due diligence program at the Cirianiu project which involves resampling of drill core, assaying, geological and mine modelling, an auger soil geochemistry survey, and possible confirmatory drilling. Preliminary results have confirmed that the Qiriyaga Hill target is a low-sulphidation epithermal gold deposit where gold is distributed in volcaniclastic host rocks mainly as free gold in quartz stockwork and hydrothermal breccia. The general gold grades appears to be in the range of 0.3- 5.0 g/t with localized higher-grade zones. The mineralization is mainly gold with varying amounts of silver, lead, zinc and copper. Gold has a moderate correlation with silver with a gold to silver ratio at 1.3:1.0. TVI will carry out an auger soil geochemistry program and a possible confirmation drilling program in the summer of 2015. Based on the results of these program, TVI will make an investment decision on the project in Q4/2015.

Mining in Fiji

The Fiji Islands are located in the Southwest Pacific’s “Ring of Fire”, the active tectonic boundary between the Pacific and Indo-Australian Plates, which hosts several world-class porphyry copper-gold and epithermal gold deposits, including the following:

• Emperor gold mine (aka Vatukoula) - production of
• ver 7 million ounces of gold since 1933
• Namosi project, one of the world's largest

undeveloped copper-gold deposits, which is 70%

• wned by Newcrest Mining Limited.
• Mt. Kasi Gold Mine, which operated in the 1930s and

1940s and may be brought back online by Newcrest

• Tuvatu high grade gold deposit controlled by Lion

One Metals (Canadian Venture-listed mining company), which just received its mining permit to commence mine development and production.

FIJI

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Vatukoula Gold Mine – controlled by Zhongrun International Mining Co. Lion One geologists in front of the entrance to underground workings at the Tuvatu gold project

Investments in Foyson & Mindoro

Foyson Resources

• TVI holds a 26.0% equity interest in Foyson Resource Inc., an ASX listed company which controls

the Amazon Bay Iron Sands Project in Papua New Guinea.

• In March 2015, Foyson concluded a binding agreement with Integrated Green Energy Pty Ltd.

(“IGE”) to acquire and fund the commercialization of its plastics to diesel technology – which converts waste products and plastics destined for landfill into Australian standards transport fuel. Foyson announced that this agreement reflects their strategy of acquiring a cash flow project to assist in funding development activities at the Amazon Bay Project.

• Foyson is now commissioning a 50 tpd commercial plant capable of producing road ready diesel

fuel under Australian standards.

Mindoro Resources

• TVI holds a 14.4% equity stake in Mindoro Resources Ltd., a TSX Venture Exchange listed

company.

• Mindoro is the 40% joint venture partner with TVIRD in Agata Mining Ventures Inc. (AMVI), which

controls the Agata Nickel Laterite Project and DSO Operations and Agata Limestone Project. Mindoro is also the joint venture partner with TVIRD in Agata Processing Inc., in which TVIRD has the right to earn 60% by completing a Definitive Feasibility Study.

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Corporate Head Office: TVI Pacific Inc. Suite 806, 505 – 2nd Street S.W. Calgary, Alberta T2P 1N8 Tel: (403) 265-4356 Fax: (403) 264-7028 Email: tvi-info@tvipacific.com Investor Relations/Media Contact: Shirley Anthony, VP Corporate Communications Tel: 778-999-2771 E-mail: Shirley.anthony@tvipacific.com

Thank you…

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