annual general meeting presentation

Annual General Meeting

22 November 2012

FOYSON PRES_AGM_Nov 2012.indd 1 21/11/12 10:50 PM

Strategy for Creating Shareholder Value May 2012Annual General Meeting

22 November 2012foyson...abundant harvest

y�Management focus on exploiting and monetising undervalued resource projects;

y�Develop clear strategy & structure for shareholder value creation;

y�Signi!icant progress made to:-�Re-position & reprioritise corporate structure-�Recapitalise -�Forge strategic partnership with TVI Paci!ic (TSX:TVI)to maximise shareholder returns-�Progress undervalued leverage to world class tenement package;� -��Rich Iron sands, Vanadium & Titanium Amazon Bay Project� -��Proximity to World class gold/ copper properties in PNG

y�Seek farm-in arrangements on secondary tenements

Strategy for Value Creation




y�Strategy for prioritising projects;y�Focus on project development;y�New name: Foyson = “abundant harvest”;y�Simpli!ied portfolio – sale of non core assets;y�Option acquired over remaining 50% Amazon Bay;y�Renewed key PNG tenement

Priority 1 – Reposition & ReprioritiseCorporate Structure




y�Share issues raised $1.1 million proceeds;y�Non core assets sold - $1.1 million proceeds;

y�Tranche 1 placement to TVI completed, raised $1.2 million (including options);

y�Project development costs & investment burden removed by joint venture arrangements;

y�Amazon Bay Option consideration paid on project development

Priority 2 – Recapitalise




y�Impressive development & production expertise in Philippines resources; - �Operator/ explorer for >20 years - �Operate Canuatan Gold/Copper/Zinc Miney�Strong management team; - �Technical, environmental and community relations

Priority 3 – Forge StrategicPartnership with TVI Paci!ic




Foyson Tenements

Titan MetalsLimited

EL 1642 Atui ELA 1638 LegusulumELA 1645 PalabongELA 1818 Mussau IslandELA 1639 Tanga IslandELA 1663 Manus Island

EL 1628 PoiEL 1637 DomaraEL 1625 Golden Peak

Titan MinesLimited

50% plus 50% Option 100%

EL 1396




PAPUA NEW GUINEA

Port Morseby

New Britain

Bougainville

Lihir

Papau New Guinea

GOLDEN PEAKDOMARA

POIAMAZON BAY

SOUTH NEW BRITAIN

NORTH NEW BRITAIN PALABONG

TANGALEGUSULUM

MUSSAUMANUS

PNG PROJECTS LOCATIONS

UPDATED MAY 2012

0 100 200




TVI Investment in Foyson

MainlandAmazon Bay Project New Britain New Ireland




y�Iron, Titanium and Vanadium resource;

y�Iron and Titanium in solution - cannot be physically separated;

y�Resource not suitable for Direct Ship Iron Ore;

y�Major metallurgical program required to determine process;

y�Aim to produce high purity vanadium, titanium and iron;

y�Potential to be world leader in development of iron sands projects;

y�Strong community support established;

y�Drilling, sampling, metallurgy in CY 2013;

y�Detailed Feasibility Study CY 2014.

Amazon Bay Iron Sands




y�New Britain Gold/ Copper Projects -��Follow up of exploration from 1970’s; -��Geophysical and diamond drilling program completed CY2012; -��Field program con!irms major copper porphyry target; -��Strong community support established;

y�New Ireland Gold/ Copper Projects� -��Follow up of exploration from 1970’s;� -��Major copper porphyry targets on 2 exploration applications on New Ireland;� -��Major epithermal gold targets on 2 exploration applications on Massau and

��Tanga Islands;� -��Mining Advisory Council has recommended approval, but Minister has not signed o";

Proximity to world class Gold/Copper Projects in PNG




y�First year of new management;

y�Signi!icant activity to reposition & reprioritise Foyson;

y�Strengthened capital base & simpli!ied corporate structure;

y�Strategic partnership with TVI – allows development of Amazon Bay & PNG gold/ copper tenement package;

y�Undervalued leverage, management strategy & structure for shareholder value creation

Conclusions


annual general meeting presentation

Documents