Professional Documents
Culture Documents
Corporate Presentation
MAY 2018
Forward Looking Statements
This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but
are not limited to, statements with respect to the development potential and timetable of the Toachi project; the timing and amount of
estimated future development and exploration; costs of future activities; capital and operating expenditures; success of exploration
activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and
phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are
made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or
implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on
acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery
rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project
parameters as plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update
any forward-looking statements except in accordance with applicable securities laws.
The technical and scientific information included herein has been reviewed and approved by Laurence Curtis, Ph.D., P. Geo., a
director of the Company and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators.
1
Management & Board
World-size discoveries and operational experience
• Mining engineer with more than 27 years building Agnico Eagle Mines
Ebe Scherkus • Previously Agnico Eagle’s COO
Director • Chairman of Stornoway Diamond Corporation
• Geologist, entrepreneur, and mine builder
Laurie Curtis • Founded and built Intrepid Mines to +$1 billion market capitalization
Director • World renown for his numerous discoveries
Peter Nixon • More than 30 years in the Canadian investment industry including Dundee Securities
Director • Extensive relationships in the resources sector including directorship at Dundee Precious Metals
Joe Fazzini • 10+ years advising and auditing global gold and base metal producers through PwC & Dundee Capital Markets
CFO • In-depth background in financial statement analysis, project finance, and investment valuation
2
Company Share Structure
Capital Structure
Shareholder Value
Top Shareholders Shares %
U.S. Global Investors, Inc. 6,000,000 7.4%
Including 17%
Earth Resource Investment Group AG 3,855,948 4.8%
RBC Global Asset Management, Inc. 3,693,000 4.5% Insitutional
Jonathan Goodman
1832 Asset Management, L.P. 2,967,000 3.7% 29% 26%
Dynamic Funds 2,967,000 3.7% Retail
Scotia Asset Management LP 1,411,100 1.7%
Management/
Buy-Side Coverage Location Recommendation Target $ Insiders
45%
Coverage in transit Toronto Buy $1.10
3
Strong Internal Capacity & Scientific Partners
4
Why Invest in Toachi Mining
LOW COST OWNERSHIP AGREEMENT
“THE TOACHI ADVANTAGE” 0% 25% 50% 75%
Proven Board and Management historically delivered
value to shareholders.
We target advanced projects which strategy allows to
maintain value and has lower risk.
Internal capacity of highly skilled professionals allows
the development of project at lower cost. Requirements to
acquire 60% ownership
La Plata is a high grade project at surface; being less
• Expenditures of US$4M (completed)
expensive to drill and bringing more value each meter
drilled. • Payment of US$ 650,000 (completed)
• Payment of US$ 350,000 (November 2018)
La Plata deposit is simple, compact and easy to mine by
• Payment of US$ 1.0M (November 2019)
conventional mining methods.
All infrastructures already at site (15Km from the Ownership to 65%
highway, powerlines run across the concession, skilled • TIM produces
Feasibility Study
workers for construction, water availability)
The deposit is open at depth and VMS systems normally Ownership to 75%
come in clusters. • TIM raises required financing
• If project financing is less than US$60 million or
Toachi is investing in a booming jurisdiction. Some of more than US$60 million is arranged, Toachi earns
the largest mining companies are all rushing into Ecuador. an additional 5% and 10% respectively
(Anglo, Codelco, Newcrest, Southern Copper, BHP)
5
La Plata Gold-Copper-Zinc-Silver VMS Project
Population of Ecuador ~16.4M (2016)
Located 100 km South-
West of Quito (capital
of Ecuador)
LA PLATA 85 km on paved
highway
Ecuador offers
great advantages
for the mining industry
Diesel @ $0.27/ litre
Hydro Power $0.06 US ¢/ kWh
In 2017 the U.S. State
Lenin Moreno, who took office as
Department included President in May 2017, declared
Ecuador on a short list that he wants to attract US$4.6
billion in investment over his term in
of the safest countries
office for large-scale mining
in Latin America projects
MAP SOURCE: Ministry of Mining, Ecuador
6
The Right Time in Ecuador
• “Best Country Award” at Mines and Money London in November 2017
• Excellent infrastructure investment in airports, roads, and ports
• Policy shift towards increasing foreign investment
• Fiscal stability contracts
• VAT refund
• Accelerated depreciation
• Small to mid size mining pays only 3 and 4% royalties respectively
• No government partnership required
7
Community Involvement
• Our vision is to create strong and longstanding
relationships with the local communities and
all levels of government
• Executed CSR program with support from the
local community
• Local community, municipality of Palo
Quemado favourable to mining
• No existing indigenous land claims
47.5%
22.5%
8
LaPlata NI-43-101 Resource Estimate
Unique Exposure to Base and Precious Metals
6% Gold
22% Copper
38%
Zinc
34%
Silver
800,000 tons
15.44 g/t AuEq
9
The Genesis of Sub-Seafloor Replacement-Style
Volcanogenic Massive Sulfide (VMS) Deposits
(after Piercey, Stephen J., Economic Geology Vol 110 No. 7, 2015)
10
La Mina Perspective Long Section
Open at depth
Guatuza Prospect
(Not Modelled)
200M
AuEq
RANGES
400M
CMLPBlock
La Mina South 17-93 100 m
11
Recent Drilling Extends Mineralization
12
La Plata Block Model
AuEq grade shells 10 & 20 g/t
Topographic Surface
Fault
Gouge Historic Underground Workings
Guatuza Prospect
(Not Modelled)
13
Significant Exploration Potential
• Property is 2,335 ha
14
La Plata Timeline
2017 2018
ACTIVITY Q1 Q2 Q3 Q4 H1 H2
ENVIRONMENTAL BASELINE
STUDIES
METALLURGY
RESOURCE ESTIMATION
PEA
15
Value Creation in developing high grade projects
Modest Investment | Significant Leverage
16
Toachi Mining
High Grade
Development & Exploration
The Right Time in Ecuador
SUMMARY
• High grades in a gold-rich VMS project
• Inaugural NI 43-101 delivered Q3 2017
17
Appendix
Commodities | 1 Year Charts
COPPER GOLD
Up 23% Up 7%
Gold 6%
Copper
Zinc 22% 38%
Silver
ZINC
Based on Gold $1,300,
Copper $2.65, Zinc $1.25,
Up 20%
Silver $18.00 and grades 34%
Gold 5 g, Copper 3.26%, Zinc
4.36% and Silver 57 g.
A-1
AuEq Grade – VMS Peers
AuEq Grade
14.0
12.0
10.0
AuEq (g/t)
8.0
6.0
4.0
2.0
0.0
Metal price assumptions: Zn: US$1.05/lb, Cu: US$2.85/lb, Pb: SOURCE: Thomson Reuters, Beacon Securities
US$1.30/lb, Au: US$1,280/oz, Ag: US$17.00/oz February, 2018
A-2
Tonnage vs Rock Value – VMS Peers
400
Rock Value (US$/t)
0
0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0
Tonnes (M)
SOURCE: Thomson Reuters, Beacon Securities Metal price assumptions: Zn: US$1.05/lb, Cu: US$2.85/lb, Pb:
February, 2018 US$1.30/lb, Au: US$1,280/oz, Ag: US$17.00/oz
A-3
Tonnage vs AuEq Grade – VMS Peers
10.0
2.0
0.0
0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0
Tonnes (M)
SOURCE: Thomson Reuters, Beacon Securities Metal price assumptions: Zn: US$1.05/lb, Cu: US$2.85/lb, Pb:
February, 2018 US$1.30/lb, Au: US$1,280/oz, Ag: US$17.00/oz
A-4
For More Information,
please contact
Candace Di Vito
Manager, Investor Relations
416.365.7043
Head Office Ecuador Office cdivito@toachimining.com
2400 - 120 Adelaide Street West Edificio Coruña Plaza, Avenida
Toronto, Ontario M5H 1T1 Coruña N27-88 y Orellana
Quito, Ecuador