tinka resources ltd (tsxv:tk) advancing the ayawilca project: a … · [san rafael (minsur)] 800km...

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www.tinkaresources.com November 2015 1 Advancing the Ayawilca Project: A New Zinc-Tin-Copper-Silver District Central Peru Tinka Resources Ltd (TSXV:TK) Graham Carman – President & CEO Tinka Resources Ltd November 1, 2015

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Page 1: Tinka Resources Ltd (TSXV:TK) Advancing the Ayawilca Project: A … · [San Rafael (Minsur)] 800km to Peru’s only producing tin mine in south Tinka’s tenements located in mining

w w w . t i n k a r e s o u r c e s . c o mNovember 2015 1

Advancing the Ayawilca Project:A New Zinc-Tin-Copper-Silver District

Central Peru

Tinka Resources Ltd (TSXV:TK)

Graham Carman – President & CEO Tinka Resources LtdNovember 1, 2015

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 2

Disclaimer & Forward Looking Statements

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 assumptionsmade by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, the use of the net proceeds of the recently completed private placement, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, Tinka’s ability to complete its current and future drilling programs, drilling program results varying from expectations, delays in obtaining survey results, success of future development initiatives, 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 arereasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be puton 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 Mineral Resources were publically released on February 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.

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 3

About Tinka Resources

█ Base metals explorer in central Peru (TSXV:TK)

█ 100%-owned Ayawilca-Colquipucro (Zinc, Tin, Copper, Silver) Projects

█ Large scale district: 12,300 ha land package, under explored

█ Team with discovery track record

█ Well funded & supported by 2 large institutions (Se ntient, IFC)

█ 10,000-metre drill program in progress (Aug-Dec 201 5)

█ 2016: Resources update, new drill permits to expand drilling area

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 4

Projects with Growth Potential

█ Ayawilca Zinc – Indium (sulphide)

� Initial Inferred Mineral Resource (Feb’ 2015)

� 13.3 Mt at 5.9% Zn, 68g/t In, 14 g/t Ag, 0.2% Pb for 7.7% Zn Eq.

█ Ayawilca Tin (cassiterite) - Copper (chalcopyrite)

� A15-40: 50.5 m at 1.23% Sn & 0.16% Cu

� A15-44: 14.9 m at 1.10% Sn & 0.36% Cu

█ Colquipucro Silver (oxide)

� 7.4 Mt at 60 g/t Ag for 14.3 Moz silver (Indicated) and 8.5 Mt at 48 g/t Ag for 13.2 Moz silver (Inferred)

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 5

Trading Symbol: TSXV: TK Shares Issued: 149.8 M

Warrants: 40.1 M

Options: 10.9 M

Shares reserved : 0.5 M

Fully diluted: 201.3 M

Last Financing May 29 ‘15C$7.25m raised at $0.215 per share

Cash 30 June 2015: ~ C$9.0 M

Market cap @ $0.17/sh: ~C$25 M

Major shareholders

Sentient Group: 21.5%

International Finance Corp: 14.0%

Tinka Resources - Corporate

12 Month Share PriceRange: $0.15 to $0.43

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 6

Team

MANAGEMENT

Graham Carman President & CEO, Director Geologist, Peru zinc discovery record (Bongara, Accha, Yanque) Ex Rio Tinto, Savage, Pasminco(Peru based 1994-2000)Ph.D. Lihir Island gold

Alvaro Fernandez-Baca

Vice President, Exploration Geologist 19yrs, P. Geo., APEGBC, Ex Hochschild, AQM Copper, Entrée Gold, Gitennes (Peru base)

Nick Demare Chief Financial Officer, Director

Experienced CPA, CA, officer/director various public co.

Mariana Bermudez

Corporate Secretary Experienced Corporate Secretary, Vancouver based (Peru born)

NON-EXECUTIVE DIRECTORS

David Henstridge Founding director, experienced geologist, worldwide

Yanina Barilá Sentient Group representative

William Lee Independent director, CPA, CA

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 7

Map of Central Peru

Cerro de Pasco (Volcan)

� Largest historic producer in Peru (~ 100 Mt @ 10% Zn equiv. mined + reserves)

Colquijirca (El Brocal)

� Peru’s largest undeveloped Zn resource San Gregorio (84 Mt @ 7.5% Zn equiv.)

Antamina (BHP-Glencore-Teck)

� Peru’s largest zinc and copper mine in same belt

[San Rafael (Minsur)]

� 800km to Peru’s only producing tin mine in south

█ Tinka’s tenements located in mining friendly jurisdiction, good infrastructure

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015

Source: UBS Global Research

8

Zinc Supply and Demand

█ Zinc prices predicted to risethrough supply cuts:

Glencore mines (- 500ktpa) Century mine (- 500ktpa)

8% of world production

█ No new mines of any significant size opening

█ Zinc inventory in warehouses falling over the longer term

Higher Zinc prices forecast by Glencore cutsSource: Credit Suisse

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 9

Tin Market█ Few new tin discoveries worldwide

█ Indonesia is largest exporter of tin world-wide, Myanmar new player

█ Minsur largest western tin producer from San Rafael, southern Peru (~20,000 tin metal/year at ~2%Sn head grade)

█ Price around USD 15,000 per tonne (i.e. 9 x Zinc, 3 x Copper)

LME Tin Price Solders account for half of tin consumption

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 10

Tinka Mineral Claims

█ 12,300 Ha claims in total

█ Highly prospective under-explored mineral belt

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Geology and Drilling█ ~26,000 metres drilled to

date at Ayawilca (Zn, Sn-Cu)

█ ~8,000 metres drilled at Colquipucro (Ag)

█ Only 30-35% of prospective area drilled so far

█ Priority future drilling areas include Chaucha, Zone 3, South Ayawilca, Valley

Valley

2015 Drill Program (Q3-Q4)

+ 500ppm Zn soils

CDD46: 10m @ 0.8% Sn

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 12

2015 Drill Program Ayawilca ~ 10,000m in Progress

500 metres

A15-40: 50.5m @ 1.2% Sn, 0.2% Cu

?

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 13

Geological Model: Zinc above Tin-Copper mineralizat ion

A A’

A13-05: 213m @ 5.3% Zn & 83g/t In

A15-46: 2.1m @ 37.3% Zn, 347g/t In, 255g/t Ag

A14-18: 65m (2) @ 5.7% Zn & 19g/t In

A12-08: 70m @ 4.8% Zn & 33g/t In

A15-40: 50m @ 1.2%Sn & 0.16%Cu

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 14

Ayawilca Zinc & Tin Drill Intercepts

Drill Hole From (m) To (m) Interval

(m) Zinc (%)Lead (%)

Silver (g/t)

Indium (g/t)

A13-05 130.3 343.2 212.9 5.34 0.17 15 83

including 130.3 179.5 49.2 10.07 0.55 32 51

including 150.0 166.0 16.0 18.14 0.05 39 120

and 316.0 326.0 10.0 12.93 0.02 42 670

Zinc: West Ayawilca

Drill Hole From (m) To (m)Interval

(m) Tin (%)Copper

(%) Silver (g/t)A15-40 328.0 378.5 50.5 1.23 0.16 15

including 328.0 341.0 13.0 2.94 0.25 12including 330.0 332.5 2.5 8.81 0.18 10

A13-11 328.0 344.2 16.2 1.03 0.67 22including 330.0 332.0 2.0 4.81 2.07 77

Tin-Copper: Central Ayawilca

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 15

IP Geophysical Anomalies

█ IP at 350 metres depth

█ Extensive sulphide!

█ Chaucha anomaly not yet permitted to drill: permits expected Q1-Q2 2016

Valley

2015 Drill Program (Q3-Q4)

CDD46: 10m @ 0.8% Sn

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015

1.b massive pyrrhotite + chalcopyrite (Cu) ±cassiterite (Sn)

2.b galena (Pb) + sphalerite (Zn) + Ag + pyrite

STAGE 2

2.a pyrite-sphalerite (Zn) -quartz

1.a pyrrhotite-siderite feeder veinlets

STAGE 1LITHOLOGY

Sandstone

Limestone

Phyllite

Simplified Geological Model - Ayawilca

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 17

Colquipucro – Distal Epithermal Silver Oxide

Looking northeast

█ Mineral Resource (Feb’15)

█ 14.3 Moz at 60 g/t Ag (Indicated) 13.2 Moz at 48 g/t Ag (Inferred)

█ 45 holes, 8000 m drilled (2006-2014)

█ 550m x 400m x 75m deep

█ Low strip, open pit potential

█ 100% Tinka

Highest grade

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 18

Planned Work Program – 2015 & 2016Milestone 2015 2016

• Zinc Resource Initial Update

• Silver Resource Update

• Tin Resource Initial

• Financing $7.2 M

• Geophysics

• Metallurgy tests

• Drilling Ayawilca

• Drilling Chaucha/Huarautambo

• Extend drill permits

• PEA/PFS

Toda

y

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 19

Social & Environmental Responsibilities

█ Important partnership with three local communities

█ Social engagement and sustainable development programs

█ Employment and training

█ Aiming to achieve best practice environmental standards

Yogurt workshop for local women

Training for animal health

Market showing local artisanal designs

Page 20: Tinka Resources Ltd (TSXV:TK) Advancing the Ayawilca Project: A … · [San Rafael (Minsur)] 800km to Peru’s only producing tin mine in south Tinka’s tenements located in mining

w w w . t i n k a r e s o u r c e s . c o mNovember 2015 20

Why Tinka ?

█ Large polymetallic district discovery, 100% Tinka

█ Zinc resource at Ayawilca, growing…

█ Tin - Copper discovery at Ayawilca, possible game changer…

█ ~10,000 metres drill program to be completed in December 2015

█ 30-35% of prospective area drilled so far

█ Large contiguous land package: 12,300 Ha

█ Resource upgrades Q1 2016

█ More aggressive drill programs planned in 2016

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 21

APPENDIX: Zinc Replacement of Limestone, Ayawilca

Sphalerite (Sp) replacement of limestone matrixAlteration: Clays and carbonates

SpSp

Sp

Py

Sp Pyrite (Py) – sphalerite massive sulphide

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 22

Tin-Copper Mineralization at Ayawilca

A13-11: Massive Pyrrhotite mantos+ magnetite + cassiterite (tin) + tourmaline + chalcopyrite

A13-11, 340m:Quartz stockworkPyrrhotite + cassiterite (tin) + chalcopyrite

█ Cassiterite, chalcopyrite, pyrrhotite, pyrite

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 23

Ayawilca Inferred Mineral Resource (Feb. 26, 2015)

Zone

Tonnage (Mt)

Zn Eq. (%)

Zn (%)

Pb(%)

In (g/t)

Ag (g/t)

Zn (Mlb)

Pb(Mlb)

In (kg)

Ag (Moz)

West5.7 8.9 6.7 0.2 81 15

846 22 459,000 2.7

Central2.2 6.8 5.0 0.1 73 7

248 3 163,000 0.5

East5.4 6.8 5.3 0.3 53 15

625 31 287,000 2.6

Total13.3 7.7 5.9 0.2 68 14

1,719 55 909,000 5.8

Inferred Mineral Resources at Ayawilca estimated by Roscoe Postle Associates Inc. (RPA) (see TK Press Release of February 26, 2015)

Notes:• CIM definitions were followed for Mineral Resources .• Mineral Resources are reported above an NSR cut-off value of US$60 per tonne.• The NSR value was based on estimated metallurgical recoveries, assumed metal prices and smelter terms, which include payable factors,

treatment charges, penalties, and refining charges. Metal price assumptions were: US$1.20/lb Zn, US$55 0/kg In, US$24.00/oz Ag, and US$1.10/lb Pb. Metal recovery assumptions were: 90% Zn, 75% In, 50% Ag, and 75% Pb. The NSR value for each block was calculated using the following NSR factors: US$15.24 per % Zn, US$5. 57 per % Pb, US$0.33 per gram In, and US$0.34 per g ram Ag.

• The zinc equivalent (Zn Eq.%) value was calculated using the following formula:• Zn Eq.(%) = [Zn(%)*US$15.24+Pb(%)*US$5.57+In(g/t)*U S$0.33+Ag (g/t)*US$0.34]/ US$15.24• Numbers may not add due to rounding.

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█ Attractive investment destination with an established mining sector, strong history of successful foreign investment

█ Peru ranks first in Americas for zinc, lead, and tin production

█ Market history shows Peruvian deposits are attractive take-over targets

█ Experienced local skill base and mining services

Why Peru

Commodity World Latin America

Gold 6th 1st

Copper 2nd 2nd

Zinc 3rd 1st

Tin 3rd 1st

Silver 2nd 2nd

Lead 4th 1st

Molybdenum 4th 2nd

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w w w . t i n k a r e s o u r c e s . c o mNovember 2015 25

Tinka Resources Ltd (TSXV:TK)

Suite 13051090 West Georgia St

Vancouver, BC V6E 3V7 CANADA

Ph: +1.604.699.0202 Fax: +1.604.683.1585

CORPORATE OFFICE FOR MORE INFORMATION

Dr. Graham CarmanPresident & CEO

[email protected]

Corporate SecretaryMariana Bermudez

[email protected]

Gracias!