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TSX-V: TEM Investor Presentation April 2012
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Tembo Gold - Corporate Presentation April 2012

Sep 01, 2014

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Corporate Presenation of Tembo Gold Corp (TSX.V: TEM; Frankfurt: T23)
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Page 1: Tembo Gold - Corporate Presentation April 2012

TSX-V: TEM

Investor PresentationApril 2012

Page 2: Tembo Gold - Corporate Presentation April 2012

This report includes certain statements that may be deemed forward-looking. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that actual results or developments may differ materially from those projected in the forward-looking statements.

The information contained in this presentation has been prepared under the supervision of David Scott, Pr. Sci. Nat., who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.

April 2012TSX-V: TEM

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Forward Looking Statement

Page 3: Tembo Gold - Corporate Presentation April 2012

• Highly Prospective Tanzanian Gold Asset

– A 123km2 contiguous area consisting of 110km2 of active licences and 13km2 under application

– Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria greenstone belt of Tanzania

– Highly prospective geology, encouraging earlier exploration with promising results, artisanal mining and multiple targets identified

• High Quality Management Team

– CEO: David Scott, formerly of Barrick Gold’s subsidiary Kahama Mining Corporation, 32 years’ experience, 13 years in Tanzania

– Chairman: Dave Anthony, former COO of African Barrick, 30 years experience, 10 years in Tanzania

• Extensive Artisanal Activity

– Over 2,000 artisanal miners operating in over 100 active mine shafts up to 90m in depth

– Artisanal mining along a combined strike in excess of 10km along Bulyanhulu parallel northwest, northeast and east-west structures

– Extracting high grade 5-50 g/t material

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Tembo at a Glance

Page 4: Tembo Gold - Corporate Presentation April 2012

Clean capital structure with limited shares outstanding and well funded

4

Capital Structure

April 2012TSX-V: TEM

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Capital Structure Share Performance

Options and Warrants Holders

Founders & Management 30%

Insiders 20%

Warrants 10,338,871

Options 4,034,000

TSX-V Symbol TEM

Share Price (as at Apr 09, 2012) $1.30

52 Week Range $1.20 - 2.29

Issued and Outstanding 40,350,838

Fully Diluted 54,723,709

Market Capitalization ~$53M

Working Capital ~$13M

Page 5: Tembo Gold - Corporate Presentation April 2012

MANAGEMENT TEAM

Firsthand and Extensive Experience

April 2012TSX-V: TEM

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Page 6: Tembo Gold - Corporate Presentation April 2012

Former Bulyanhulu management leading the company

• David Scott – President & CEO

– Former Technical Services Manager for Barrick Gold’s subsidiary Kahama Mining

Corporation; responsible for all Technical Services at Bulyanhulu including on-mine

exploration activities

– Over 32 years of African exploration and mining experience with 13 years in Tanzania

– Extensive knowledge of Tanzanian geology including direct experience at Bulyanhulu

– Substantial government and industry contacts in Tanzania

• Dave Anthony - Chairman

– Former COO of African Barrick Gold and member of executive team that took ABG

public

– 10 years in Tanzania: responsible for design, construction and operation of 3 of 4 world-class Barrick operations (Bulyanhulu, Buzwagi, Tulawaka)

– Government and industry network in Tanzanian mining industry

– Held multiple senior positions with gold and base metal mining companies (Barrick, Cominco, Hudson Bay M&S, Royal Oak Mines, Cliffs Natural Resources)

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Directors & Management

Page 7: Tembo Gold - Corporate Presentation April 2012

Experienced mining professionals strengthen the corporate team

• John Seaman – CFO

– Mr. Seaman has been involved with several successful mining projects and is currently the CFO for Premier Gold Mines

– Previously held the position of CFO of Wolfden and Pediment which were both bought out by majors

• Robert Sedgemore – Director

– Former Global Mining Specialist with IFC, a division of the World Bank

– Managed and prepared scoping, feasibility studies, engineering services and project delivery support for capital projects up to $2.5B USD

– Significant EPCM projects include Codelco Cu Refinery, Escondida phase 3 & 3.5, BHP Tintaya Cu Oxide, Piedras Verde Cu, CAL Energy Zinc, and the Escondida Oxide project

• Pierre Julien – Director

– Extensive involvement in Bulyanhulu process plant design and delivery

– Former President and CEO of Norcast Castings, major international supplier of grinding technology and former President of Outotec North America, global leader in the supply of mineral processing plants, technology and services

– Seasoned Executive and Founder of Lincoln Strategic and ORE+PROS Inc, mining industry service providers

• Marc Cernovitch – Director

– Extensive capital markets experience having held various roles for multiple jr. resource companies for the past 10 years

• Colin Taylor – Director

– Experienced in a wide range of managerial roles within the resource industry in both Canada and abroad

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Directors & Management

Page 8: Tembo Gold - Corporate Presentation April 2012

African experts The Mineral Corporation leading the exploration

• Peter Haworth - Exploration Manager: 33 years experience in exploration and mine geology and in mine management, extensive drill project and greenstone gold experience in southern, east and west Africa

• The Mineral Corporation (TMC), exploration contractors, a leading senior advisor, consultant and contractor

– John Murphy – Director: Twenty years of professional geological experience in base and precious metal exploration and mining in Africa, including Archaean gold project generation, due diligence and exploration in Tanzania

– Dr. Johan Krynauw – Senior Geological Advisor: Thirty-nine years of experience as a geologist, including base and precious metals exploration and exploration management in the Archaean terranes of Africa, with a specialisation in geochemistry

– Alan Goldsmith – Senior Geological Advisor: Twenty years of professional geological experience in base and precious metal exploration in Africa, including gold exploration in Tanzania, specializing in Geographical Information System applications and exploration

– Noleen Pauls – Senior Geological Advisor: Eighteen years of geological experience in mineral exploration and mining, including gold exploration management and execution in sub-Saharan Africa and South America

• Local corporate administrative and governmental liaison leadership

– Paul Magege - Country Manager: a founding shareholder with strong local relationships and a skilled administrator

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Technical & Local Team

Page 9: Tembo Gold - Corporate Presentation April 2012

TEMBO GOLD PROJECT

Historic and Recent Work

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Page 10: Tembo Gold - Corporate Presentation April 2012

Located in an established mining camp with 50m ounces of gold resources

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Lake Victoria Mining Camp

• Six modern mining operations

• Significantly improved infrastructure

• Strong gold endowment

• Well understood geological granite

greenstone terrane with parallels

worldwide

P&P Indicated Inferred Total

Company Mine (Moz) (Moz) (Moz) (Moz)

African Barrick Bulyanhulu 11.0 2.9 3.3 17.3

African Barrick North Mara 2.8 1.8 3.7 8.4

African Barrick Buzwagi 2.9 0.6 0.2 3.7

African Barrick Nyanzaga 0.0 0.3 0.7 1.0

African Barrick Golden Ridge 0.0 0.5 0.2 0.7

African Barrick Tulawaka 0.1 0.1 0.0 0.2

AngloGold Ashanti Geita 4.2 4.5 2.6 11.3

Resolute Golden Pride 0.3 2.5 0.5 3.3

Resolute Nyakafuru 0.0 0.5 0.5 1.1

Tanzanian Royalty Buckreef 0.0 1.0 1.0 2.0

Total 21.4 14.7 12.7 48.8

Totals represents current resources and does not account for depeleted resources

Page 11: Tembo Gold - Corporate Presentation April 2012

A significant land package with exciting underexplored potential

• Large contiguous ground holding

– 110km2 active licence area and

13km2 under application

• Project credentials

– Historic exploration database with

good results

– >10km of extensively continuous

artisanal workings

– Adjacent and along strike to African

Barrick’s 20Moz Bulyanhulu mine

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The Tembo Project

Page 12: Tembo Gold - Corporate Presentation April 2012

Bulyanhulu geological and structural extensions are dominant on Tembo property

• Bulyanhulu, a 4km long, 2km deep,

2m wide high grade orebody

• Bulyanhulu SML underexplored

• Both areas are extensively covered

and provide erratic but important soil

geochemistry results

• Numerous magnetic structural

lineaments cross the licence

boundary and are mined by artisanal

miners on both properties

• Tembo property has contiguous

geology and structural continuity of

adjacent Bulyanhulu property

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The Bulyanhulu Connection

Page 13: Tembo Gold - Corporate Presentation April 2012

Exploration results suggest a highly prospective area that is under-drilled

• Airborne magnetics

– Defines the extent of the greenstone

meta-volcanics

– Demonstrates geological continuity

with the area to the southeast

– Suggests there are > 100km of

favourable structures

• Geochemistry

– Soils, RAB/aircore, and pitting

indicate widespread presence of gold

– Numerous anomalous values

returned

– Extensive transported cover up to

10m thick masks geology and

precludes strong cohesive anomalies

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Historical Exploration

Page 14: Tembo Gold - Corporate Presentation April 2012

Significant artisanal activity further confirms gold mineralization

• Over 2,000 artisanal miners operating over 100 mine shafts

• More than 2,800 shafts located along Bulyanhulu parallel, east-west, and

northwest structures totalling over >10km

• Mining from surface to depths in excess of 70m

• Milling on site, with current grades ranging from 5 to 50 g/t

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Artisanal Activity

Page 15: Tembo Gold - Corporate Presentation April 2012

WORK PROGRAM

Advancing The Project

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Page 16: Tembo Gold - Corporate Presentation April 2012

2011 LIDAR Survey identifies over 10km of artisanal mining zones

• LIDAR Survey and field mapping

– DTM and high resolution orthophoto

identifies numerous previously

unrecognised areas of mining

– Individual laterally continuous zones

of mining extend up to 2km in strike

and for a total of >10km

– The zones correspond to conjugate

structures reflected in the magnetics

• Artisanal mining

– Ore from artisanal pits consists

predominantly of quartz vein and

sheared metavolcanic host with

abundant evidence of sulphide

– Grade of up to 58g/t returned from

artisanal face sampling

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LIDAR and Recent Field Mapping

Page 17: Tembo Gold - Corporate Presentation April 2012

Targets with artisanal mining prioritised for 2012 drilling

• Target Prioritisation

– Magnetics

– Soil and RAB geochemistry

– LIDAR Survey and field mapping

– Targets represent <10% of the

potentially mineralised structures

indicated by the magnetics

• Drilling Approach

– A combined RC and diamond drilling

approach applied

– RC will test for less well defined

targets and for in-fill drilling

– Diamond drilling will be used to test

well known structures (extensive

artisanal mining) and provide

geological control

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Target Generation and Prioritisation

Page 18: Tembo Gold - Corporate Presentation April 2012

First drills results confirm significant gold grades and show additional potential

• Highlights Include:

– TDD0004: 3.13 g/t Au over 25.89m including 8.87 g/t Au over 3.89m;

– TDD0005: 10.76 g/t Au over 4.00m, including 93.3 g/t Au over 0.38m and;

– TRC0013: 16.10 g/t Au over 3.00m and 4.01 g/t Au over 3.00m

• First Drill Holes

– 12 drill-holes, 6 reverse circulation (RC) and 6 diamond drilling (DD)

– Alternate 100m spacing along a 500m strike length

– Testing multiple mineralized structures at 50 and 100m depths beneath artisanal workings

April 2012TSX-V: TEM

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Initial 2012 Drill Results

TEMBO PROJECT SIGNIFICANT DRILL RESULTS - March 13, 2012

Boreholes

completed*1

Depth from

(m)

Depth to

(m)

Thickness

(m)*2

Au

(g/t)*3

TDD0004 41.00 66.89 25.89 3.13

including 41.60 44.50 2.90 4.15

47.50 49.00 1.50 2.22

60.00 62.00 2.00 12.71

including 60.50 61.00 0.50 36.30

63.00 66.89 3.89 8.78

including 63.50 64.00 0.50 20.10

65.00 65.23 0.23 17.20

65.74 66.30 0.56 15.80

TDD0005 152.86 158.00 5.14 8.50

including 154.00 158.00 4.00 10.76

including 155.32 155.70 0.38 93.30

TDD0010 189.50 191.50 2.00 4.48

including 190.60 191.00 0.40 8.23

257.80 258.40 0.60 1.69

TDD0011 23.50 24.00 0.50 1.84

TRC0013 19.00 22.00 3.00 16.10

including 19.00 20.00 1.00

20.00 21.00 1.00

21.00 22.00 1.00

85.00 91.00 6.00 2.18

103.00 106.00 3.00 4.01

248.00 250.00 2.00 2.86

TRC0005 156.00 159.00 3.00 1.80

*1 TDD = Diamond Drill and TRC = Reverse Circulation

*2 Widths represent down hole core lengths, and true

widths are unknown at this time

To date 7 of 12 assay results are availbale

*3 No high grades cut has been applied

Page 19: Tembo Gold - Corporate Presentation April 2012

12 Month 87,000m drill program has commenced

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Drill Program

• Diamond Drilling – Initially two drill rigs @ 600m per month, 3rd and 4th rig ordered and en route

– Average down hole depth estimated 200m (maximum depth estimated 400m) depending on target success

– Total 12 month plan: 27,000m

• Percussion RC– Initially one drill rig @ 2,400m per month, 2nd and 3rd rig ordered and en route

– Average down-hole depth 150m (maximum depth estimated 300m)

– Total 12 month plan: 60,000m

• Additional Information– Drilling commenced in January 2012 at Ngula

– Intersections targeted at vertical depths of 50m, 100m, 150m and 200m for both drilling techniques in first phase of drilling (RC may have shallower targets of 25m)

– Drill targets will extended deeper to 500m upon initial success

Page 20: Tembo Gold - Corporate Presentation April 2012

A number of sub-parallel east-west structures host quartz vein-filled shears

• Two east-west striking linear artisanal

mining areas 300m apart

• Total strike extent in excess of 2km

• Shafts as deep as 70m reported

• Artisanal ore grab sampling up to

25g/t

• Strong correlation with magnetic

lineaments and scattered Au in RAB

and soils

• Drilling underway on S structure,

multiple geological zones intersected,

results awaited

• Proposed initial 73 RC (14 500m) and

DD (4 800) holes.

April 2012TSX-V: TEM

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Ngula 1 Target

Ngula 1

Page 21: Tembo Gold - Corporate Presentation April 2012

Nyakagwe East target has two structures each mined over a 750m strike

• 750m x 400m area of mining

• Mining depths in excess of 30-

50m

• 2008 diamond drilling intersected

potentially economic gold grades

• Three northwest trending sub-

parallel zones are untested down

dip and along strike in both

directions

• Continuation to the northwest

indicated by results of 2007 RC

holes

• 2012 program of diamond drilling

to test combined strike of 2,000m

on two zones down to 200m; total

8,600m

April 2012TSX-V: TEM

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Nyakagwe East

Nyakagwe East

Page 22: Tembo Gold - Corporate Presentation April 2012

Buly and Iyenze have two high potential targets along Buly-related structures

• Target structures under deep cover

• Parallel magnetic anomalies and

scattered Au in soil

• At Iyenze 400m x 150m artisanal

mining

• Buly trend artisanal mining 200m

north of Iyenze

• RC intersections 2004 include: RC004

1m @ 4.6 g/t Au, RC006 1m @ 1.6

g/t Au, RC009 1m @ 1.9 g/t Au,

RC009 2m @ 2.7 g/t Au

• Numerous parallel magnetic

lineaments

• Initially RC drilling of two structures

planned; total 9,600m

April 2012TSX-V: TEM

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Iyenze Target on Bulyanhulu Trend

Buly

Iyenze

Page 23: Tembo Gold - Corporate Presentation April 2012

Work in anticipation of resource determination and feasibility studies

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Additional Work

• Modified Gold Deportment

– Comprehensive modified gold deportment and initial metallurgical testwork

will be conducted on each target as soon as sufficient intersections have been

achieved

• Resource Determination

– Orebody modelling will be conducted as drill programs and results dictate

• Other Studies

– The Company will be initiating community social responsibility programs early

to ensure that the presence of Tembo positively impacts the communities

within which the Company operates

Page 24: Tembo Gold - Corporate Presentation April 2012

Work in anticipation of resource determination and feasibility studies

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Work Program Schedule

2012

FIELD AND TECHNICAL

ACTIVITIESJAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Data review, interrogation,

interpretation and target re-

assessment

Drillling DD

Drilling RC

Preliminary resource

modelling

Gold deportment and

metallurgical testwork

Page 25: Tembo Gold - Corporate Presentation April 2012

• HIGHLY PROSPECTIVE GOLD ASSET: Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in

the prolific Lake Victoria Greenstone belt, the 123km2 property has highly prospective geology,

encouraging earlier exploration with promising results, and multiple targets identified

• HIGH QUALITY MANAGEMENT TEAM: CEO: David Scott, formerly of Barrick Gold’s subsidiary Kahama

Mining Corporation, 32 years experience, 13 years in Tanzania; Chairman: Dave Anthony, former COO

of African Barrick, 30 years experience, 10 years in Tanzania

• EXTENSIVE ARTISANAL ACTIVITY: Over 2,000 artisanal workers, mining from over 100 mine shafts

some to depths in excess of 70m along a >10km strike, extracting high grade 5 to 50 g/t material

• SIGNIFICANT INITIAL DRILL RESULTS: Best intercepts include TDD0004: 3.13 g/t Au over 25.89m

including 8.87 g/t Au over 3.89m; TDD0005: 10.76 g/t Au over 4.00m, including 93.3 g/t Au over

0.38m and; TRC0013: 16.10 g/t Au over 3.00m and 4.01 g/t Au over 3.00m.

• SEVERAL NEAR TERM CATALYSTS: Expedited work program with significant mapping and an 87,000m

drill program underway

• CLEAN CAPITAL STRUCTURE AND WELL-FUNDED: Only ~40Mshares outstanding (~55M f.d.) and

~$13M in cash

April 2012TSX-V: TEM

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Investment Summary

Page 26: Tembo Gold - Corporate Presentation April 2012

APPENDIX

Additional Info

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Page 27: Tembo Gold - Corporate Presentation April 2012

Artisanal mining of well developed quartz veins

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Artisanal Mining Faces

Page 28: Tembo Gold - Corporate Presentation April 2012

Historic work provides the impetus for fast track development of exploration

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Historical Work

Page 29: Tembo Gold - Corporate Presentation April 2012

Mineralized reefs along steeply dipping northwest striking structure

• A 20 million ounce narrow-vein shear

hosted gold deposit with silver and

copper mineralisation

• Shear zone situated within a narrow

argillite unit at a contact within a

volcanic sequence

• Sulphide mineralization primarily

pyrite and chalcopyrite in smokey

quartz veins and sheared argillite

• Volcanic sequence consists of mafic

to intermediate meta-volcanic flows

overlain by felsic pyroclastic ash tuffs

• The zone strikes approximately 310

degrees and dips steeply to the

northeast

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Bulyanhulu Geology

Page 30: Tembo Gold - Corporate Presentation April 2012

A high grade narrow vein 20Moz deposit >4km long and >2km deep

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Bulyanhulu Long Section

Page 31: Tembo Gold - Corporate Presentation April 2012

Bulyanhulu structures and geology extend onto Tembo Gold project

• Bulyanhulu licence not exhaustively explored

• The Bulyanhulu orebody did not present a strong soil geochemistry anomaly

• The entire licence is essentially covered by 5-15m of largely transported cover with no outcrop

• Artisanal found the orebody by chance and had favourable access to depth at Bulyanhulu

• The entire Bulyanhulu geological package, including the Reef 1 structure, and potentially 20-30 parallel structures, continue to the north and west onto Tembo

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Relevance to Tembo Gold

Page 32: Tembo Gold - Corporate Presentation April 2012

The Mineral Corporation hands-on team has a wealth of experience

• Dr. Johan Krynauw – Senior Geological Advisor– Thirty-nine years of experience as a geologist, including base and precious metals exploration and exploration management in the

Archaean terranes of Africa, with a specialisation in geochemistry.

• Alan Goldsmith – Senior Geological Advisor– Twenty years of professional geological experience in base and precious metal exploration in Africa, including gold exploration in

Tanzania, specializing in Geographical Information System applications and exploration.

• Noleen Pauls – Senior Geological Advisor– Eighteen years of geological experience in mineral exploration and mining, including gold exploration management and execution

in sub-Saharan Africa and South America.

• Alan Olivato – Senior Technical Advisor– Thirty-six years of experience exploration and mining, including twenty-six years of field exploration experience in sub-Saharan

Africa including Archaean gold in East and Southern Africa.

• Will Braithwaite – Senior Technical Advisor– Twenty-eight years of experience in exploration in sub-Saharan Africa, South America and Australia, including gold exploration in

East and West Africa.

• Girma Alemu – Geologist– Nine years of experience in African base and precious metal exploration including exploration and mining expertise in Archaean

gold in East Africa.

• Andisani Makhado – Geologist– Three years of multi-commodity field experience in exploration including the management and execution of drilling campaigns.

• Darren Portela – Geologist– Three years of multi-commodity field experience in exploration including the management and execution of drilling campaigns.

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Technical & Local Team