trl tennant creek pty ltd (trltc)...

TRL Tennant Creek Pty Ltd (TRLTC)

PRESENTATIONSeptember 2018 StrictlyConfidential

Accumulating a strategic position within the very high grade Tennant Creek Mineral field

Strategic alliance with Emmerson Resources accessing high grade resources and exploration knowledge

Developing a 3-4 year mine plan producing ~250koz @ +8g/t

Strong Cashflow Generations re invest in Exploration

Licensing underway for Warrego mill re-development, Nobles, Juno, Rising Sun, and Small Mines JV

Significant Brownfield and Greenfield Exploration upside for multiple small high grade mineralisation

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Redeveloping the 300ktpa Warrego Gold Plant – which will be the only gold processing facility in the area

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Rapid pipeline to gold production

Territory Resources 2

HIGHLIGHTS

Territory Resources 3 3

Cube 2010 JORC Resource Estimate plus 1 g/t lower Cut

TRLTC acquired the rights to Nobles Nob and Juno assets in May

2018. Nobles Nob and Juno are located 15km south-east from

Tennant Creek.

The TCMF is renowned for its very high grade gold and

copper/gold mineralisation with 40% of all production having

been produced from these tenements.

Gold was first produced at Nobles Nob from underground in 1933

and continued until 1967 when the crown pillar collapsed.

Underground production totalled 828koz of gold from 528kt of

ore with a grade of 49g/t.

Nobles Nob was mined from open pit between 1969 to 1985

which produced 218koz of gold from 1.46Mt of ore with a grade

of 6g/t.

Juno was mined from underground from 1967 through to 1977

and produced 838koz of gold 408kt of ore with a grade of 60g/t.

Cube Consulting updated the Mineral Resource Estimates for

Juno, M10, Nobles Nob, Nobles Nob Tailings, Rising Sun and

Nobles Nob West (Nob West) in 2010;

Total Inferred Resources of 1.6 Mt @ 5.2g/t for 263koz

Tailings of 1.0Mt @ 0.4 g/t for 19.7 koz

Copper resource at Juno of 1.0Mt @ 0.5% Cu for 5.2kt Cu

(overlaps the gold resource)

Resources were classified as Inferred due to the lack of QA/QC

data available from historic drilling.

All Resources were depleted for historic mining which included

specific drilling to validate historic mining voids.

Classification Volume Tonnes Au g/t Au Oz

Juno 238,300 843,000 6.5 176,800

M10 146,600 483,000 4.2 65,200

Nobles Nob 52,600 173,000 2.2 12,300

Rising Sun 13,800 35,500 3.4 3,900

NNW 12,666 42,000 3.4 4,600

TOTAL 463,966 1,580,000 5.2 262,800

resources at plus 1 gpt within mineralised envelope

NN Tails 1,037,000 1,658,000 0.37 19,700

TRLTC Tennant Creek Summary


TRLTC Tennant Creek Assets

Nobles Nob Resources

Nobles Nob mineralisation is localised by multiple

ellipsoidal or pipe-shaped quartz hematite ironstone

lenses.

The mineralisation style is reminiscent of replacement

bodies that have formed aligned parallel to major

cleavage, discordant to bedding, within favourable

structures such as anticlinal fold axes, cleavage zones

or reverse shear zones

The Juno mineralisation is hydrothermal replacement

style located along shears, fold axes and competent

contacts. The mineralisation is localised by two main

magnetite rich bodies which occur at the top of a pipe-

like alteration zone that extends vertically downward,

cross-cutting the sediment package.

M10 deposit is located underneath the Juno deposit in the

same mineralised zone. No development has occurred at

M10. M10 drilling was done by Geopeko from four

underground drill locations located on the 900 level.

Long Section of the open pit showing remaining Nobles Nob resources

Long Section looking North Mining Voids in dark blue

M10 Ore outlines and drill traces below Juno

Cross Section 420395mE

Juno / M10 Resources


Extend base of existing pit by 40Vm

Total Volume: 165k BCM

Waste Volume: 135k BCM

Ore: 98kt @ 2.2 Au g/t

Rec Au: 6.7k oz (96%)

Nobles Nob Pit


55m

82m

385m

355m

330m

303m

285m

Upper Zone

0m-15m barren

15m-30m 23 g/t Au

Qz-Hem ,Specularite

Central Zone

Bonanza Au grades

in sheared brecciated

sericitic hematite.

Sericite 30m-60m

First magnetite at 55m

Rich Bi and Ag, some*

Lower Zone

Grey green Chl-Mt

Zone 82m-122m.

Below water table Au

grade and lode width

fall rapidly while Py,

Cpy and enargite

increase in abundance

and grainsize

*enargite Cu3AsS4

wittichenite Cu3BiS3

emplectite CuBiS2

370m

HEM

CHL-MT

78m!!

MT

Nob Thrust dips 35°/111°

parallel to apparent ore

plunge – supergene

remobilization at east?

Cross Section AB

Nobles Nob – Long Section (looking 022°)


Decline 330Vm (grade 1:7)



Ore: 321k t @ 10.5 Au g/t

Rec Au: 103k oz (95%)

Juno Underground


M10 Underground (Juno Extension)

Extension of 300Vm of Juno decline



Ore: 300k t @ 5.0 Au g/t

Rec Au: 45,815 oz (95%)


Five isolated targets at depth plus the

potential for a parallel zone 200 m

south, including 8.8m at 10.6 g/t

Testing for decline route

Juno Exploration


Warrego is located 50km north-west of Tennant Creek

and is accessed via a sealed road from the town.

The mine was developed in the 1970’s by Peko

Wallsend and at one time included a smelter and

town and produced copper, bismuth and gold.

The mine produced 1.2m oz gold, 80kt copper and

10kt bismuth and was one of the largest mines in the

TCMF.

The plant was refurbished in 2003 as a 300ktpa CIL

gold only facility and operated until 2005.

TRLTC acquired the Warrego Mill and underlying

tenements from Emmerson.

Warrego mill will be re-established as a central

processing facility for TRLTC’s resources, small mine

assets under JV with ERM and other 3rd party ores.

Power lines connect the site with diesel power

generation at Tennant Creek, alternatively power can

be generated on site. Only ~2MW of power is

required.

TRLTC and ERM are working with the NT government

to obtain approvals for the capital works and re-

establish operations on the site.

TRLTC Tennant Creek Assets – Warrego Mill


Warrego Processing Plant


ERM’s detailed knowledge of the TCMF, dominant land holding including numerous resources, quality exploration focus, community connection and strong relationships with local authorities makes them perfect alliance partner for TRLTC.

The Warrego mill, access to ERM’s resource base combined with TRLTC’s resources and ERM’s experience with local approval regime significantly fast tracks and de-risks TRLTC’s gold production development plans.

Cash flow generated from the alliance will allow ERM to further their exploration efforts and potentially generate additional future ore feed for the Warrego mill.

Strategic Alliance Highlights as follows;

Agreement being finalised currently.

Sale of Emmerson’s Warrego Mill Lease to TRL for construction and commissioning of a Central Processing Facility.

Exploration JV over ERM’s southern tenements

Small Mines JV covering the defined resources in the Exploration JV area for which TRLTC is solely responsible for mine capital development costs and ERM share in a net profit interest.

Emmerson to continue its primary focus on its active exploration campaigns in Tennant Creek.

Small Mines JV include Chariot, Eldorado Deeps, West Gibbet, Malbec West, Black Snake, The Susan, Billy Boy, The Extension, Golden Forty and Golden Kangaroo. Only Chariot contains JORC defined Resources and the remainder will require additional definition and work before inclusion into a mine plan.

Emmerson Strategic Alliance


Mining is intended to be undertaken by contract mining for both open pit and underground

mining.

The TRLTC team are developing the future mining sequence including validation of the

resources and technical inputs. Ore haulage to the Warrego mill will be undertaken by

contract haulage utilising the existing road network. There is a sealed road to the mill site.

Prior to mining each deposit various technical studies would need to be completed including

resource definition drilling, metallurgical sampling, geotechnical review, hydrogeology,

waste rock characterisation and approvals.

Mining Operations


Mining OperationsDistance to Warrego (km)

Chariot 62.4

Marblec 63.6

Rising Sun 72.2

BLACK SNAKE 71.3

Golden Kangaroo East 71.7

Eldorado 58.9

NOB 65.5

JUNO 65.2

Edna Beryl 92

Access to multiple high grade resources both 100% owned and under JV with Emmerson Resources

Significant exploration and near mine expansion potential

Bringing the Tennant Creek Mineral Field back to Life

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Refurbishing the 300ktpa gold plant at Warrego – the only modern processing facility in the area – captured market

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Rapid development to gold production – first gold 2018 early 2019

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Developing a 4 year Small Mine operating plan producing +250koz from +8g/t ore

Conclusions


Contact Information

Yuzheng (Eugene) Xie

Founding Director, TRL

Mobile: +61 411 071 857

Email: [email protected]

Steve Parnell

Founding Director, TRL

Mobile: +61 499 080 572


All communication regarding this Presentation should be directed to the key representatives below:

Stephen Jones

Shareholder, TRLTC

Mobile: +61 427913670


Andrew Grove

Shareholder, TRLTC

Mobile: +61 41401 1383

Email:

[email protected]

mailto:[email protected]

mailto:[email protected]


TRL Tennant Creek Pty Ltd

PRESENTATIONSeptember 2018 StrictlyConfidential

Warrego Mine Headframe

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