Tinka Resources Ltd (TSXV:TK) The Ayawilca Zinc / Tin Project Central Peru. PDAC March

Transcription

1 Tinka Resources Ltd (TSXV:TK) The Ayawilca Zinc / Tin Project Central Peru Growing into a Significant New Polymetallic District PDAC March Dr. Graham Carman President & CEO, Tinka Resources Ltd 1

2 Disclaimer & Forward Looking Statements This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Tinka, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Certain information in this presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, the use of the net proceeds of the recently completed private placement, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, Tinka s ability to complete future drilling programs, drilling program results varying from expectations, delays in obtaining survey results, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forwardlooking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement. The Mineral Resources disclosed in this company presentation were estimated by Mr. David Ross, P.Geo., an employee of Roscoe Postle Associates Inc. (RPA) and is independent of Tinka. The Mineral Resources were publically released on February 26, By virtue of his education and relevant experience, Mr. Ross is a "Qualified Person" for the purpose of National Instrument The Mineral Resources have been classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves. This presentation has been prepared, reviewed and verified by Dr. Graham Carman, Tinka s President and CEO and a Fellow of the Australasian Institute of Mining and Metallurgy, a qualified person as defined by NI

3 About Tinka Resources Base metals explorer in World-class Antamina Cerro de Pasco trend in Central Peru 100% owned contiguous tenement package (140 km 2 ) <10% explored Focus on Resource growth 1.7 billion pounds Zinc in Inferred Resource (Feb 15) Resource grading 7.7% Zn eq (5.9% Zn + In-Pb-Ag) Mineralization open in most directions More Zinc intersected in late 2015 drill program (9,000m) New Tin intercepts at depth: 1.2% Sn, 0.2% Cu Further drilling planned late 2016 Solid cash position ($C4.8m Dec/15) and shareholder base (Sentient, IFC) 3

4 Tinka Resources - Corporate Trading Symbol: Shares Issued: Warrants: Options: Shares reserved : Fully diluted: TSXV: TK M 39.8 M 10.3 M 0.5 M M Last Financing May C$7.25m raised at $0.215 per share Cash 31 Dec 2015: Market $0.16/share: ~C$4.8 M ~C$24 M Major shareholders Sentient Group: 21.5% International Finance Corp (World Bank): 14.0% 4

5 MANAGEMENT Graham Carman Alvaro Fernandez- Baca President & CEO, Director VP Exploration, Peru Team Geologist, PhD Lihir, discovery /advancement of several Peru zinc projects incl. Accha, Yanque, Bongara Ex Rio Tinto, Savage, Pasminco Geologist, P. Geo., APEGBC, Ex Hochschild, AQM Copper, Entrée Gold, Gitennes Javier Escudero HSEC Manager, Peru Health, Safety, Environment, Community & Permits. Ex Goldfields Peru Nick Demare CFO, Director Experienced CPA, CA, officer/director various public co. Mariana Corporate Secretary Bermudez NON-EXECUTIVE DIRECTORS David Henstridge Yanina Barilá William Lee Experienced Corporate Secretary, Vancouver base (Peruvian) Founding director, experienced geologist, worldwide Sentient Group representative Independent director, CPA, CA 5

6 Zinc used to galvanize steel - strong growth market in automobiles Zinc Market Mid 2015 due to price pressures, Glencore decreased mine production (- 500ktpa Zn); MMG closed Century mine in 2015 (- 500ktpa Zn) ~ 6% of world Zn production removed last year Price rising off 5-year lows, warehouse stockpiles falling, TCs falling Zinc price predicted to rise - best fundamentals of main base metals Zinc Price 5 yrs Zinc Stockpiles 5 yrs 6

7 Indonesia largest exporter of tin world-wide, Myanmar new player Few new tin discoveries Peru s Breca Group (Minsur) is largest western tin producer from San Rafael mine (~20,000 tin metal/year at ~2% Sn head grade) Tin Market Current price Tin ~ USD 16,000 per tonne (i.e. 9 x value Zn; 3.3 x Cu) LME Tin Price Solders account for half of tin consumption 7

8 Central Peru: a world-class base metals belt One of the most prolific base metals belt in the world Cerro de Pasco (Volcan) Largest historic producer in Peru (~ % Zn equiv. mined + reserves) Antamina (BHP-Glencore- Teck) Peru s largest zinc and copper mine Colquijirca (El Brocal) Peru s largest undeveloped Zn resource San Gregorio (84 7.5% Zn equiv.) San Rafael (Breca Group / Minsur) 800km to Peru s only producing tin mine in south (outside of map) 8

9 Ayawilca Mineral Resource Estimate Ayawilca Inferred Mineral Resource (Feb 2015): 13.3 million tonnes grading 7.7 % zinc equivalent, including; o 1.7 billion pounds of Zinc; o 909,000 kilograms of Indium; o 5.8 million ounces of Silver; and o 55 million pounds of Lead. NB. 9,000 metre step-out drill program completed between July and December 2015 (i.e. post-resource estimate) Tonnage Zn % Pb % In g/t Ag g/t ZnEq % 13.3 Mt Zn Eq.(%) = [Zn(%)*US$15.24+Pb(%)*US$5.57+In(g/t)*US$0.33+Ag (g/t)*us$0.34]/ US$15.24 Prices Zn: $1.20/lb, Pb: $1.10/lb, Ag: $24/oz, In: $550/kg 9

10 Zinc (Indium-Lead-Silver) Drill Hole From (m) To (m) Interval (m) High Grade Mineralization Zinc (%) Lead (%) Silver (g/t) Indium (g/t) A including including and Tin (Copper-Silver) Drill Hole From (m) To (m) Interval (m) Tin (%) Copper (%) Silver (g/t) A including including A including

11 Mineralization Two Types Zinc (sphalerite) sulphides in mantos, chimneys and veins Indium, lead, silver potential co-products Tin (cassiterite) in sulphide mantos beneath zinc resource Copper (chalcopyrite), silver potential co-products VIDEO PRESENTATION 11

12 Ayawilca Colquipucro Ayawilca a blind discovery 12km 2 prospective area ~28,000 m drilled at Ayawilca ~9,000 m drilling in 2H ppm Zn soils Resource open Drill Holes with weak Zn Drill Holes with strong Zn A A Inferred Resource (Feb 2015) 12

13 Ayawilca - West to East Longitudinal Section 3 styles of zinc mineralization; Chimneys, Mantos and Veins A A A15-46: 37.3% Zn, 347g/t In, 255g/t Ag vein A12-08: 4.8% Zn & 33g/t In chimney A14-18: 65m 5.7% Zn & 19g/t In A13-05: 5.3% Zn & 83g/t In including 10.0% Zn, 0.6% Pb manto A15-40: 1.2%Sn & 0.16%Cu 13

14 Ayawilca Colquipucro Targets 2016 Ayawilca permit application 6 3km N 2016 Colquipucro permit application ppm Zn soil TARGETS FOR 2016 DRILLING 1. South Ayawilca 2. West Ayawilca 3. East Ayawilca 4km Zone 3 5. Chaucha 6. Chaucha North Valley (9m at 1% tin in drill hole) 8. Valley Upper Magnetics 14

15 Ayawilca Colquipucro Targets 2016 Ayawilca permit application 6 3km N 2016 Colquipucro permit application ppm Zn soil TARGETS FOR 2016 DRILLING 1. South Ayawilca 2. West Ayawilca 3. East Ayawilca 4km Zone 3 5. Chaucha 6. Chaucha North Valley (9m at 1% tin in drill hole) 8. Valley Upper Gravity 15

16 Social & Environmental Responsibilities Ongoing partnership with three local communities Social engagement and sustainable development programs throughout the project area Employment and training; continuous environmental monitoring together with community members Fostering long-term relationships with all stakeholders Working under IFC s guidance to implement best practice HSEC standards 16

17 District Growth Potential 140 km 2 of contiguous Tinka claims Focus to date has been on Ayawilca-Colquipucro areas Yanapizgo, Tambillo are new discoveries Public road access, power, water sources nearby Recent BHP mineral claims adjoining Tinka claims 17

18 District Growth Potential Newly identified massive pyrite at Tambillo ~10 km NW of Ayawilca Airborne magnetics covering full tenements planned in 2Q May 2016 Regional mapping & sampling ongoing Tambillo Tambillo Zone Conceptual Model Jumasha Fm. Limestone Colquipucro Tambillo Chulec Fm. Limestone Goyllar Fm. Clastics Ayawilca Pucará Fm. Limestone Excelsior Fm. Phyllite 18

19 Silver Oxide Resource at Colquipucro Looking northeast Highest grade Colquipucro Mineral Resource (Feb 15) 2 km North of Ayawilca 14.3 Moz at 60 g/t Ag (Indicated) 13.2 Moz at 48 g/t Ag (Inferred) 45 holes, 8,000 m drilled ( ) 550m x 400m x 75m deep Low strip, open pit potential 19

20 Tinka s Strategies next 2 years Expand regional exploration success Target high-grade mineralization extensions Continue sustainability programs with local communities Update Zinc Resource at Ayawilca Deliver first Tin Resource at Ayawilca Continue to expand mineralization footprint through drilling Move project towards PEA 20

21 Tinka s Milestones 2016 & 2017 Milestone Zinc Resource - update Tin Resource - initial Regional exploration Airborne Geophysics Today Metallurgical tests Drilling* Extend drill permits PEA*? * Subject to financing 21

22 Why Tinka? Zinc and tin discoveries in producing world-class base metals belt Mineralization remains open, large size potential 100% project ownership Strong zinc and tin fundamentals Strong relationships with local communities Supportive long-term institutional investor base Further drilling planned to expand resource in late

23 Tinka Resources Ltd (TSXV:TK) PDAC Booth # 2937 come meet the Tinka team! CORPORATE OFFICE Suite West Georgia St Vancouver, BC V6E 3V7 CANADA Ph: Fax: March 2016 FOR MORE INFORMATION Dr. Graham Carman President & CEO info@tinkaresources.com Corporate Secretary Mariana Bermudez info@tinkaresources.com w w w. t i n k a r e s o u r c e s. c o m 23