Ayawilca, Peru: A Potential World Class Zinc Discovery - www.tinkaresources.com Investor Presentation - Tinka Resources Ltd.
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Ayawilca, Peru: A Potential World Class
Zinc Discovery
Investor Presentation
Graham Carman – President & CEO
Tinka Resources Ltd
June 2016
www.tinkaresources.comImportant Information
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 but not limited to, all costs varying significantly from estimates,
production rates varying from estimates, changes in metal markets, changes in equity markets, the proposed use of net
proceeds from private placements, availability and costs of financing needed in the future, equipment failure, unexpected
geological conditions, imprecision in resource estimates or metal recoveries, ability to complete future drilling programs, drilling
program results varying from expectations, delays in obtaining survey results, success of future development initiatives, the
completion and implementation of a preliminary economic assessment, pre-feasibility or feasibility studies, 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, forward-
looking 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 Zinc /Tin Mineral Resources were publically released on
May 25, 2016, while the Silver Resources were released on Feb 26, 2015. By virtue of his education and relevant experience, Mr.
Ross is a "Qualified Person" for the purpose of National Instrument 43-101. 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 43-101.
www.tinkaresources.com 2Company Highlights
• Zinc (Zn) Mineral Resource Inferred (May ’16): 18.8 Mt @ 8.2% ZnEq - 42% increase in 1 yr
• Tin (Sn) Mineral Resource Inferred (May ’16): 5.4 Mt @ 0.89% SnEq - Initial
• Silver (Ag) Mineral Resource (ox): 14.3 Moz @ 60 g/t Ag (Ind) &13.2 Moz @ 48g/t Ag (Inf)
• Rapid resource growth in 2 years: ~ 3.0 Blb ZnEq discovered at cost of 0.5 cents /lb
• Mineralization open: Extensive drill campaign planned for Q3/Q4 Q2016
• Excellent & ongoing relationships with communities: IFC providing ongoing support
• Experienced Board and Management team with strong local team in Peru
• CAD3.8 million cash (Mar 31, 2016)
www.tinkaresources.com 3Vision & Focus
Tinka's Vision
To discover and develop a world class zinc project in Peru;
To create long term real shareholder value; and
To work with key stakeholders to find sustainable development opportunities
Tinka's Current Focus
Continue to expand zinc / tin resources through drilling
PEA to follow drill program in 2017
Project Location
Pasco Region, Central Peru
Project Ownership
Ayawilca zinc/tin – 100% Tk
Colquipucro silver – 100% Tk
www.tinkaresources.com 4Corporate Summary
Trading Symbol: TSXV: TK
Shares Issued: 149.8 M
Warrants: 39.8 M
Options: 10.3 M
Shares reserved : 0.5 M
Fully diluted: 200.4 M
Market cap @ $0.23/share: ~C$34 M
Cash 31 March 2016: ~C$3.8 M
Major shareholders
Sentient Group: 21.5%
International Finance Corp (World Bank): 14.0%
www.tinkaresources.com 5Milestones and Outlook
2007 – Aug 2014- Aug 2015- Aug 2016 – Aug 2017 – Aug 2018-
TIMELINE
Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
Updated Inferred
Initial Inferred Zn Zn Resource
Initial defined Ag Resource (13.3Mt @ (18.8Mt @ 8.2%
Resource resource at 7.7% ZnEq), and ZnEq); and
Growth Colquipucro;
TBD TBD TBD
Ag Ox Resource New Tin Inferred
Zn discovery at (14.3Moz indicated Resource (5.4Mt @
Ayawilca in 2012 & 13.2Moz inferred) 0.89% Sn)
Feb 2015
May 16
+10,000m
drilling
11,000m drilled for
Work 6,000m drilled for Zn 9,000m drilled for planned for
Zn and 6,000m PEA PFS / FS
Activity and 2,000m for Ag Zn & Sn Zn and Tin
drilled for Ag
zone
extension.
Tinka & Darwin
merger -
Corporate
new CEO from
July 2014
C$7.2M financing
C$7.9M financing
(Sentient C$2.0M,
Financing (Sentient C$5.3M) TBD
IFC C$4.5M)
July 2014
May 2015
www.tinkaresources.comPeru – A Mining Country
Mineral Rank in Latin
Ayawilca World America
2015 2015
Project Zinc 2nd 1st
Copper 3rd 2nd
Antamina
Tin 3rd 1st
Lead 4th 1st
Silver 3rd 2nd
Gold 5th 1st
Las Bambas San Rafael
* Only large mineral deposits shown
www.tinkaresources.com 7Peru - Central Peru Mines
Antamina:
Largest Current
Copper/Zinc
Mine in Peru
Cerro de Pasco:
Largest Historic
Silver/Zinc Mine
in Peru
Giant Ore Deposit
50 km
www.tinkaresources.com 8Community & Environment
Ongoing partnerships with three communities - employment and training
Social engagement and sustainable development programs throughout the project
area, fostering long-term relationships
Working under IFC´s guidance to implement best practices in Health, Safety,
Environment and Community (HSEC)
Training programs Guinea pig breeding programs Road and drill platforms
www.tinkaresources.com 9Projects & Resources
Ayawilca (100%) – underground potential
Zinc Zone Inferred Mineral Resources (May 2016):
18.8 Million Tonnes grading 8.2 % Zinc Eq. (42% increase on 2015 resource)
• 5.9% Zn, 0.2% Pb, 74 g/t In, 15g/t Ag metal grades
o 2.45 billion pounds of Zinc;
o 1,385,000 kilograms of Indium;
o 8.8 million ounces of Silver; and Prices: Zn: $1.00/lb, Pb: $1.00/lb, Ag: $20/oz, In: $500/kgA
o 82 million pounds of Lead Cut-off: 5% ZnEq ~ NSR US$60/t
Tin Zone Inferred Mineral Resources (May 2016):
5.4 Million Tonnes grading 0.89 % Tin Eq.
• 0.76% Sn, 0.31% Cu, 18g/t Ag metal grades
o 90 million pounds of Tin (41,000 tonnes);
o 37 million pounds of Copper; and Prices: Sn: $9.00/lb, Cu: $3.00/lb, Ag: $20/oz
Cut-off: 0.45% SnEq ~ NSR US$60/t
o 3.1 million ounces of Silver
Colquipucro (100%) – open pit potential
Silver Zone - Silver Oxide Resource (Feb 2015):
• 14.3 Moz silver grading 60 g/t Ag Price: $24/oz
(Indicated), and Cut-off: 15g/t Ag ~ US$12/t
• 13.2 Moz silver grading 48g/t Ag (Inferred)
Note: Resources estimated by Roscoe Postle Associates Inc. (RPA) of Toronto, Canada (news release of May 25, 2016)
www.tinkaresources.com 10Project Sites
Ayawilca Zinc / Tin zones
Extensions Open
Silver Oxide Resource at Colquipucro
www.tinkaresources.com 11Project Resource Maps
Geology Magnetics
www.tinkaresources.com 12Ayawilca Cross Section (West to East)
Adit (possible) for advanced exploration/mineral extraction
West Ayawilca East Ayawilca
Central Ayawilca
4200mRL 4200mRL
4000mRL 4000mRL
Sandstone
open
3800mRL 3800mRL
Limestone
3600mRL 3600mRL
500m
Phyllite
Zinc zones
Tin zones
www.tinkaresources.com 13District Potential
█ 140 km2 of contiguous Tinka
claims
█ Focus has been on Ayawilca &
Colquipucro areas to date
█ Yanapizgo, Tambillo new targets
█ Infrastructure in place including
public road, power and water
sources nearby
█ BHP actively exploring
neighbouring property
Colqui silver resource
Ayawilca zinc & tin resources
www.tinkaresources.com 14Yanapizgo Target
• Outcrops of zinc sulphide at Yanapizgo
• Closest outcrop of host sequence, 2km south from the Zinc Resource
www.tinkaresources.com 15Zinc Company Value Comparison
Recent increases in the zinc price, supply cuts and a steady increase in
zinc demand is improving fundamentals for zinc companies with quality
assets in good jurisdictions
Tinka has the ingredients to see its value increase in line with its peers
0.045
0.040
0.035
0.030
EV C$m/Zn+Pb Mlb
0.025
0.020
0.015
0.010
0.005
0.000
Tinka Trevali Arizona Mining
www.tinkaresources.com 16Zinc Market
Supply
Zinc facing declining output: Glencore, MMG, Nyrstar among others ~ 6% of world Zn
production removed last 12 months
Century Mine, worlds second largest zinc mine, shut down late 2015
LME stockpiles at 5 year lows and continuing to fall
Demand
Zinc price rising off 5 year lows
The majority of zinc demand growth is coming from Asia driven predominantly by the
automobile and appliance sectors
Tightening supply and steady growth in demand is pushing up zinc prices
Global Zinc Demand & Supply Projections
Source: Wood Mackenzie, Q3, 2015
www.tinkaresources.com 17Exploration Program 2016 & 2017
Milestone 2016 2017
• Zinc Zone Resource
upgrade
• Tin Zone Initial
Resource
• Silver Zone Review
• Geophysics (Heli-mag)
• Metallurgical tests
• Drilling*
• Extend drill permits
• PEA*
*subject to financing
www.tinkaresources.com 18Management Team
MANAGEMENT
Graham Carman President & CEO, Geologist, PhD Lihir PNG, 25 years experience in
mineral exploration, 15 yrs Peru experience, Ex Rio
Director Tinto, Savage, Pasminco
Alvaro Fernandez- VP Exploration, Peru Geologist, P. Geo., APEGBC,
Ex Hochschild, AQM Copper, Entrée Gold,
Baca Gitennes
Javier Escudero HSEC Manager, Peru Health, Safety, Environment, Community & Permits.
Ex Goldfields
Nick Demare CFO, Director CPA, CA, officer/director, Past President of Chase
Management Inc.
Mariana Bermudez Corporate Secretary Corporate Secretary, 19 yrs experience providing
corporate secretarial, corporate governance and
securities regulatory compliance services
NON-EXECUTIVE DIRECTORS
David Henstridge Founding director, geologist, worldwide experience 40 yrs
Yanina Barilá Sentient Group representative, MBA in finance from Buenos Aires
Mary Little Founder Mirasol Resources, Geologist, MBA, 15 yrs in Latin America
www.tinkaresources.com 19Summary
• One of the largest zinc discoveries in Peru in the last 20 years
• Zinc / tin resources expected to continue to grow in 2016 – 2017 with drilling
• Stable political and major mining jurisdiction in Peru
• Company promotes sustainable development opportunities
• Experienced Management and Board
• Supportive long term shareholders (Sentient, IFC)
• Zinc price forecast to increase with continued Asian demand & tight supply
• Tinka well positioned to take advantage in improving metals markets
www.tinkaresources.com 20APPENDIX www.tinkaresources.com 21
Ayawilca Inferred Mineral Resources at May 26, 2016
Zinc Mineral Resource: 18.8 Mt grading 8.2% ZnEq
ZnEq% Cut- Tonnage ZnEq% Indium Silver
Zinc % Lead %
off (Mt) Grade g/t g/t
3 22.3 7.5 5.5 0.2 67 13
4 20.9 7.8 5.6 0.2 70 14
5 18.8 8.2 5.9 0.2 74 15
6 13.1 9.4 6.6 0.2 93 16
7 9.5 10.4 7.2 0.2 110 17
Tin Mineral Resource: 5.4 Mt grading 0.89% SnEq
SnEq% Cut- Tonnage SnEq% Copper
Tin % Silver g/t
off (Mt) Grade %
0.25 5.7 0.87 0.73 0.30 18
0.35 5.6 0.87 0.74 0.31 18
0.45 5.4 0.89 0.76 0.31 18
0.55 3.8 1.06 0.91 0.36 18
0.65 3.2 1.15 1.00 0.36 18
Notes: 1. Base case highlighted ~ US$60/t NSR cut off. 2. See news release May 25, 2016 for details of resource estimates
www.tinkaresources.com 22Usage of Zinc
Zinc Products
Galvanising
1%
Semi-
9% manufacured
products
14%
Brass semis &
castings
11% 59%
Die casting
6% alloys
Zinc use by Industry
Oxides &
chemicals Transport
Industrial
32% Machinery
42%
Consumer
Products
12% Infrastucture
14%
Construction
Source: Wood Mackenzie
www.tinkaresources.com 23Mineralization I - Zinc Replacement of Limestone
Sphalerite in fractures and matrix replacement
Massive
sphalerite (Zn
sulfide)
A14-24 Massive Py-Sph in limestone; 350 m depth
www.tinkaresources.com 24Mineralization II - Tin-Copper Mineralization
Massive pyrrhotite with disseminated ~1% tin,
0.3% Cu
www.tinkaresources.com 25Initiatives with the communities
Medical checks Chocolates & Yogurt Livestock enclosures
www.tinkaresources.com 26Initiatives with the communities
Rubbish bins in Guineapig breeding Roads & drill tracks
community centres programs
www.tinkaresources.com 27Tinka Resources Ltd (TSXV:TK)
CORPORATE OFFICE FOR MORE INFORMATION
Suite 1305 Dr. Graham Carman
1090 West Georgia St President & CEO
Vancouver, BC V6E 3V7 info@tinkaresources.com
CANADA
Corporate Secretary
Ph: +1.604.699.0202 Mariana Bermudez
Fax: +1.604.683.1585 info@tinkaresources.com
www.tinkaresources.com 28You can also read
