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Corporate Presentation

TVI Resource Development (Phils.) Inc.

December 2015

TVIRD IS THE ONLY PHILIPPINE MINING COMPANY TO BRING

THREE DIVERSE RESOURCE PROJECTS ON-STREAM IN A 10-YEAR PERIOD 2

• Established in 1994 and headquartered in

Makati, Manila.

• Management has put three mines into

production over the past 10 years

producing:

• Gold and silver (2004 – 2008)

• Copper and zinc (2008 – 2014)

• Nickel laterite (2014 – present)

• Now engaged in diversified resource

production, development and exploration in

the Philippines.

• Key stakeholders (pre-IPO):

• Prime Resource Holdings Inc. - 68.32%

• TVI Pacific Inc. - 30.66%

Introduction

TVIRD’S BOARD AND EXECUTIVE TEAM CONSIST OF HIGHLY EXPERIENCED AND

INFLUENTIAL BUSINESS, MINING AND FINANCE EXECUTIVES

Highly Experienced Board and Executives

3

Clifford M. James

Chairman

Geologist with +40

years experience in the

resource sector.

TVIRD founder and the

driving force behind its

commitment to socially

responsible mining.

Maryknoll B. Zamora

Treasurer/Comptroller and

Director

Certified public accountant

with +20 years of

experience in the fields of

accounting, audit, tax,

legal and financial

management.

Manuel Paolo A. Villar

Vice Chairman

Chairman and President

of Prime Asset Ventures

Inc. – Part of the Villar

Group.

CEO and Director of

Vista Land and

Lifescapes Inc.

Eugene T. Mateo

President and Director

Lawyer and certified

public accountant with

+35 years of experience.

Previously served as a

member of the Philippine

Professional Regulation

Commission

Michael G. Regino

Director

Economist with +30

years experience in

various industries.

Holds top management

positions with Villar

Group of companies.

Comprehensive Business Model

4

TVIRD invests in resource projects that

can be quickly advanced into production

to ensure a high level of success

TVIRD

Resource Development

Resource Production

Environment Management

Corporate Social

Responsibility

Health & Safety

Security

Diversified Mining Projects – Current

5

Agata Nickel Laterite Operations

Balabag Gold-Silver Project

Agata Limestone Project


6

• Location: Tubay, Agusan del Norte (Caraga Mining Region)

• Ownership: 60% TVIRD and 40% MRL Nickel Philippines

• Reserves: 15.6 million tonnes (Mt) grading 0.9-1.5% Nickel and 14-49% Iron

• Utilization: Mining operations currently focused on 600 hectares of 4,995-hectare MPSA area

• Logistics: Mining areas are within 3.5 kilometers of private port

• Production: Approximately 1.4 Mt of ore shipped to date (shipments of 55,000t every 1-4 weeks)

• PMRC-compliant Mineral Resource1 : 43 M tonnes at 0.96% Ni and 19.9% Fe

Resource and Reserve Limonite Reserve2 : 9.6 M tonnes at 0.90% Ni and 48.2% Fe

Saprolite Reserve2: 6.0 M tonnes at 1.49% Ni and 17.01% Fe

MPSA No. 134-99-XIII

1. Indicated and Measured Resource

2. Proven and Probable Reserve


7

• Located in the CARAGA mining region on

the western side of the Peninsula

• Within close proximity to the Surigao

mining region

• Months operational (considering weather):

• CARAGA 12 months/year

• Surigao 7 months/year

TVIRD BEARS THE OPPORTUNITY TO SHIP ALL YEAR ROUND

FROM ITS AGATA NICKEL PROJECT

TVIRD IS IN THE FINAL STAGES OF PERMITTING AT BALABAG AND HAS OBTAINED

THE SOCIAL LICENSE TO OPERATE FROM THE INDIGENOUS SUBANENS


8

MPSA No. 086-97-IX

• Location: Bayog, Zamboanga del Sur

• Ownership: 100% TVIRD of 4,779-hectare MPSA area

• Commodity: Gold and Silver – Processing very similar to Canatuan Gold/Silver Mine

• Deposit Type: Low sulphidation epithermal vein system

• Resource1: 2.5 Mt averaging 1.8 grams/tonne (g/t) gold and 47.8 g/t silver for 213,000 gold-

equivalent ounces

• Reserve2: 1.35 Mt averaging 2.5 g/t gold and 68.2 g/t silver for 153,000 gold-equivalent ounces

1. CP: Leo Sosa, Geologist (June 2014) 2. CP: Marcelo Bolano, Mining Engineer (Aug 2015)


9

Early exploration by Rio Tinto and Templar Gold

Mapping, outcrop sampling and diamond drilling

Exploration by TVIRD (2005 – 2013)

Drilled 296 holes totalling 34,156 metres

Additional Exploration Potential Outside the Main

Deposit:

1. Stream geochemical signatures suggest a porphyry

copper style of mineralization, northwest of Balabag Hill

2. Copper skarn reportedly occurs in Upper Dipili-San

Pedro River area

3. Base metal mineralization was recognized in the

headwaters of Dipili River

4. Widespread and intense argillic alterations coincident

with anomalous gold in soils

1 Copper mineralization

4 Gold targets

2 Copper skarn

3 Base metals

Balabag Hill

THE PRESENCE OF HIGH-PURITY LIMESTONE, IN HIGH DEMAND IN ASIA, REPRESENTS A

POTENTIAL FUTURE SOURCE OF CASH FLOW AT AGATA

Agata Limestone Project

10

• Location: Tubay, Agusan del Norte

• Ownership: 60% TVIRD and 40% MRL Nickel

Philippines

• Commodity: Calcium Carbonate (CaCO3)

• Resources: 35.6 Mt grading 97.3% Calcium

Carbonate

• Logistics: Next to Agata nickel laterite

operations

MPSA No. 134-99-XIII

Diversified Mining Projects – Future

11

Agata Nickel Processing Project

Canatuan Gold-Silver Project

DESIGNED TO PRODUCE A MIXED HYDROXIDE PRODUCT WHICH IS

IN HIGH DEMAND IN THE GLOBAL STAINLESS STEEL MARKET


12

3D Model of Nickel Processing Plant

• Location: Tubay, Agusan del Norte (Caraga Mining Region)

• Ownership: 60% TVIRD and 40% MRL Nickel Philippines

• Process: Two stage process: (1) Atmospheric Tank Leaching and (2) Low Pressure Acid Leach

• Capacity: Designed for 7,000t of Mixed Hydroxide Product (~40% nickel content) per year

• Status: Pilot plant tests completed at Beijing General Research Institute of Mining & Metallurgy in mid-2013

Definitive Feasibility Study completed – next step: DFS Optimization

TVIRD HOLDS THE PATENT TO AN INNOVATIVE TWO-STAGE PROCESS WHICH REQUIRES

CAPEX OF LESS THAN 10% OF OTHER CONVENTIONAL PROCESSES


13

3D Model of Nickel Processing Plant

• Innovative two-stage process would have the same operating efficiency as the most prevalent

process (High Pressure Acid Leach) but at less than 10% of the required Capex.

• Compared to HPAL TVIRD process is much more capital efficient.

SUBJECT TO REGULATORY REQUIREMENTS, TVIRD WILL BE ONE OF JUST SEVEN MINING

COMPANIES TO BE GRANTED AN EXPANSION OF ITS MPSA

Canatuan Project

14

MPSA No. 054-96-IX

• Location: Sitio Canatuan, Barangay Tabayo, Siocon Municipality, Zamboanga del Norte

• Ownership: 100% TVIRD

• Past Production: Gold: 105,200 ounces; Silver: 1.8 million ounces

Copper: 199,778 dmt; Zinc: 30,548 dmt

• Current status: Received approval in 2014 to explore nearby exploration prospects

(SE Malusok and Malusok) for possible future mining operations

Great Canatuan Area Exploration Potential

1

40 km / 25 mi

2

3

3 3

2

TVIRD has a package of tenement applications

covering 352 square kilometres surrounding the

Canatuan mine where similar Canatuan-like

deposits may exist.

Since 2010, exploration work and MPSA processing

and approval were on hold due to the ongoing

moratorium on new permit applications imposed by

the Secretary of the Department of the Environment

and Natural Resources.

In November 2014, TVIRD the MICC approved the

expansion of its Canatuan MPSA to include nearby

exploration prospects.

TVIRD is now awaiting the Implementation Rules

and Regulations for the expansion of its MPSA prior

to recommencing exploration work in nearby areas.

15

Competitive Strengths

16

Highly-experienced management and technical team

Award-winning reputation as responsible miners

Strong Filipino partner support

Social licenses to operate

Assets are highly secured


17

Highly-experienced management and technical team

• Management has successfully developed three mines into production in the span of 10 years.

• Each mine has involved the exploration, development, permitting, extraction, processing and

sale of different commodities – gold, silver, copper, zinc, iron and nickel laterite.


18

Award-winning reputation as responsible miners

• Recognized as “Best in Class” at the annual Presidential Mineral Industry Environmental Awards

ceremony by winning four top environmental and safety awards each year from 2010 – 2013.

• Received the Titanium Award for Safest Mining Operation in 2014 in its first year of operations at

the Agata Nickel Laterite Project.

19

Commitment to Responsible Mining

• Built and maintained a road network of 140 km that mobilized people and goods

• Sustainability, economics and social well-being of community

• Support for 10 schools, with close to 4,000 students

• Free 24/7 healthcare, ambulance service and health & wellness programs

Health and Sanitation

Responsive Education

Infrastructure Sustainable Livelihood

TVIRD IS COMMITTED TO DEVELOPING AND EXECUTING SUSTAINABLE LIVELIHOOD

PROGRAMS FOLLOWING MINE CLOSURES

Committed to “Life after Mining”

• TVI Agriproducts Inc. was established in 2013 as the Canatuan mine was nearing end of life

• Mandate was to transition the local economy from mining to agriculture

• Formed 50/50 JV with Kennemer Foods International (“KFI”) to establish initial 200-hectare

cacao plantation with possibility of larger plantations in the future

• Projected employment: 1,300 jobs

20


21

Strong Filipino partner support

• Prime Resources Holdings Inc. (PRHI) is a wholly-owned subsidiary of Prime Asset Ventures,

Inc. which is engaged in various industries: water distribution infrastructure, energy and power

generation, retail distribution, cable and antennae television, and telecommunications

• Controlled by the Villar group, PRHI is a key driver in national government relations, permitting

and local LGU aspects of TVIRD’s resource projects


22

Social licenses to operate

• TVIRD’s extensive and far-reaching corporate social responsibility programs have garnered

the strong support of employees, host and local communities as well as indigenous

populations near its mine operations

• At all of its projects, TVIRD has earned its social licenses to successfully move forward in

the development, permitting and operations of its mines.

TVIRD IS THE ONLY MINING COMPANY TODAY TO USE A FULL SCAA

DETAIL TO COMPLEMENT ITS SECURITY FORCES 23

• Security personnel guarding TVIRD’s assets and maintaining peace and order in the communities

Special Civilian Active Auxiliary (SCAA ) detail by the Armed Forces of the Philippines

Blue Guards and Special Forces

• Trained on Voluntary Principles on Human Rights

• Community serves as first line of defense

Strong stakeholder support Assets are highly secured


Strategic Growth Elements

24

Bootstrap strategy

Significant resource growth potential at existing projects

Diverse pipeline of projects and prospects

TVIRD’S CANATUAN OPERATIONS WERE ABLE TO GENERATE REVENUES OF

US $479 MILLION FROM TOTAL CAPEX OF US$74 MILLION

Growth Strategy

25

Bootstrap strategy

• Focused on growth using our own “bootstraps”: start small, generate early cash flows and use

those cash flows to fund future growth – allows for minimal debt levels

• Strategy involves low upfront capital expenditures and demonstrates the economic and social

benefits to local communities and government bodies early on

Growth Strategy

26

Significant resource growth potential at existing projects

• Greater resource potential have been identified at TVIRD’s existing projects – none of TVIRD’s

projects have been fully “drilled out”.

• Future exploration programs at existing projects may extend mine life and offer opportunities for

new mining operations.

Growth Strategy

27

Diverse pipeline of prospects and projects

• Beyond TVIRD’s key mining projects, the company owns 100% of additional exploration

tenements throughout the Philippines that represent future resource development potential

• TVIRD is actively involved in project evaluation and is considered a partner of choice by other

resource companies seeking an experienced operator to develop their projects.

Other Exploration Projects & Opportunities Landbanking for the Future

Sindangan Cotabato

Fault System

TVIRD owns 100% of an additional 124,000 hectares

of tenements containing highly promising copper/gold

prospects, including:

• Tamarok Prospect: Indications of large-scale

porphyry copper/gold system.

• Tapisa Prospect: Potential large-scale porphyry

copper/gold system.

• Bonbon Prospect: Potential large-scale

epithermal gold system (10 kilometres/6.2 miles

long).

More than 20 additional prospects identified.

28

29

Financial Performance (in PhP ‘000)

• SOLID TRACK RECORD AS AN OPERATING COMPANY – OPERATING FOR MORE THAN 10 YEARS

• POSTED NET INCOME OVER THE LAST FIVE YEARS EVEN DURING PROJECT TRANSITION PERIOD

(500,000)

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

Y2004 Y2005

Y2006 Y2007

Y2008 Y2009

Y2010 Y2011

Y2012 Y2013

Y2014

Revenues Cost of Sales EBIT Net Income

30

Financial Condition (in PhP ‘000)

• POSITIVE EQUITY FOR THE LAST FIVE YEARS

• STRONG FINANCIAL CONDITION

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Y2012

Y2013

Y2014

Q2 2015

Current Assets Total Assets Stockholder's Equity

31

Why Invest in TVIRD?

NOW IS THE TIME TO INVEST.

Strong track record and stellar reputation

• Three diversified projects in 10 years

• Permits and social licenses to operate

Excellent team synergy

• Seasoned management, technical and operations team

• Strong Filipino partner

Aggressive growth plans for 2016 and beyond

• Portfolio of multiple robust/diversified projects

• 3 projects to be expanded and/or commissioned in 2016

• Using “bootstrap” approach to growth

For more information, please visit www.tvird.com.ph

Thank You

TVI Resource Development (Phils.) Inc.

22F BDO Equitable Bank Tower 8751 Paseo de Roxas, Salcedo Village,

1226 Makati City, PHILIPPINES

Tel: +63 2 728-8491

Fax:+63 2 728-8515

TVIRD: Responsible Mining for a Sustainable Future

http://www.tvird.com.ph/

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