TK_Logo.jpg

Tinka Resources Limited

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1305 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Tel No.: +1 604-699-0202
Web Site: www.tinkaresources.com
E-mail: info@tinkaresources.com
Contact Person: Rob Bruggeman
Position: IR & Corporate Development


Company Data

Traded Market: TSX-V
Traded Symbol: TK
Outstanding Shares: 341 million
Public Float: 340 million
52 Week High: $ 0.245
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

Tk1.jpg

Tk2.jpg

Tk3.jpg

Tk4.jpg

Tk5.jpg

Tk6.jpg

Tinka Resources is an exploration and development company with its flagship property being the 100-per-cent-owned Ayawilca carbonate replacement deposit (CRD) located in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima in the Pasco region.

Peru – A Top Mining Jurisdiction

  • Top 2 global producer of zinc, copper and silver
  • Pro-mining country – mining accounts for over 50% of exports
  • Central Peru – a mining belt with good infrastructure


FLAGSHIP PROJECT

Ayawilca Project, Central Peru

Ayawilca is one of the most attractive zinc development projects in Peru, and compares well against producing mines in size and grade.

Ayawilca is a Large Deposit and Still Open

  • Ayawilca is a district-scale Zn-Ag-Pb (Sn-Cu) limestone replacement deposit with at least 4 km strike
  • Zinc Zone resources only drilled to 400 m depth, significant potential down-dip and down-plunge
  • Far South area: New target identified in 2020, extensive Zn-Pb soil anomaly
  • Longitudinal section along the Colquipucro Fault – mineralized trend has 4 km strike

Regional Overview

  • 170 sq. km mining claims (100% TK) in the middle of the central Peru base metal belt
  • Only 3 km of prospective geology has been drill tested to date, resulting in three separate mineral resource estimates:
    • Ayawilca Zinc Zone – carbonate replacement deposit with epithermal Zn-Ag-Pb vein overprinting. Highest grades at South and West zones, which are also the thickest parts of the deposit and account for 47% of the total resources.
      • Indicated: 11.9 Mt @ 6.9% Zn, 15 g/t Ag, 0.2% Pb
      • Inferred: 45.0 Mt @ 5.6% Zn, 17g/t Ag, 0.2% Pb
    • Colquipucro Silver Zone – sandstone hosted silver oxide deposit
      • Indicated: 7.4 Mt @ 60 g/t Ag
      • Inferred: 8.5 Mt @ 48 g/t Ag
    • Ayawilca Tin Zone – 14.5 Mt @ 0.70% Sn
  • Multiple untested targets lie along strike

A Preliminary Economic Assessment (PEA) for the Ayawilca Zinc Zone was released on July 2, 2019.

Ayawilca PEA highlights (2019)

  • Underground mine with 5,000 tpd flotation plant producing zinc and lead concentrates
  • 38.2 Mt of Resources mined over 21 years
  • Average annual production of 101 kt zinc and 0.9 Moz silver
  • Modest initial capex of US$262 million and robust economics with massive leverage to zinc

PEA Economics

Pre-tax

Post-tax

Net Present Value (NPV) (8%)

US$609M

US$363M

Internal Rate of Return (IRR)

37.2%

27.1%

Payback period

2.3 years

3.5 years

Life of Mine cash flow

US$1,611M

US$1,051M

District-Scale Potential

  • Airborne magnetics flown on property in 2016 show a 2.5 km RTP mag anomaly broadly coincident with current resources
  • Colquipucro Fault appears to be an important control for mineralization
  • Multiple untested targets based on magnetics and soil sampling

2020 Work Program and Next Steps

  • Continue trade-off studies to optimize PEA assumptions (e.g. review of different underground mining methods, mining throughput rates, cut-off grades, etc.)
  • Drilling is expected to commence in August 2020 with at least 7,000 metres planned to infill high grade zinc-silver areas and to test new targets along the Colquipucro Fault
    • Drill targets down-dip of resources at South, West, and Colqui
    • All three areas planned to be drilled in 2020
  • Prior to commencement of drilling, health protocols will be approved by government authorities to ensure the safety of Tinka's employees, families and communities
  • New permitting to expand the exploration area in order to drill test new targets in 2021

Ayawilca: Outstanding Exploration Upside

  • More drilling planned along Colquipucro Fault - mineralization is known to extend for at least 4 km
  • Drill permitted area to be expanded in 2020/21 to allow testing of additional targets (e.g. Far South)

Tinka: Summary

  • Scarcity Value – Ayawilca Zinc Zone has size and grade in a proven mining belt
  • Strong Management Team – experienced and successful track record in Peru
  • Full Ownership – 100% ownership of a PEA stage project with after-tax NPV8% of US$363M
  • Low Valuation – Tinka EV of ~US$32 million is less than 10% of Ayawilca project NPV
  • High Zinc Grades – Massive leverage to zinc prices, plus significant exposure to silver
  • Potential for expansion and discovery – Continued resource drilling for zinc and silver in 2020
  • Well Financed – ~C$22 million in cash, no debt
  • Strategic Partner – Buenaventura, Peru's largest mining company, owns 19% equity stake
  • Good Access – Strong community relationships and infrastructure (roads, water, power)

On June 4, 2020, the government of Peru authorized the initiation of phase 2 of the economic reactivation in the country in the face of the COVID-19 pandemic. Tinka has submitted its COVID-19 health and monitoring protocol to the Ministry of Health and is now able to recommence exploration, at any time, at its Ayawilca property.

Tinka will reactivate its exploration programs at Ayawilca cautiously over the course of a period of weeks. A gradual, cautious approach is essential to ensure Tinka's health protocols are functioning well and as safely as possible, to minimize the risks of COVID-19 infections to its employees and its nearby communities.


Management

Management and Directors

Dr. Graham Carman, President & CEO, Director

Geologist, PhD in geology, highly experienced in Peru. A key discovery team member of the Yanque and Accha zinc-lead discoveries in Peru (Rio Tinto, Savage), and significantly advanced the Bongara zinc deposit in Peru (Pasminco).

Alvaro Fernandez-Baca, VP Exploration & GM

Well respected Peru geologist, 20 years in global exploration (Gitennes, AQM Copper, Hochschild).

Luis Romero, HSEC Manager

Social management specialist, 20 years experience (Hudbay, Minsur, Rio Tinto, Peru LNG).

Mariana Bermudez, Corporate Secretary

20 years regulatory compliance services experience in Canada.

Nick Demare, CFO, Director

CPA, CA, extensive junior board experience.

Ben McKeown, Chairman of the Board

Mining engineer, MBA, Independent director, 25 years in mining, oil & gas, private equity.

Pieter Britz, Director

Professional engineer, MBA, Sentient representative; 25 years in resources and private equity investment.

Mary Little, Director

Geologist and Independent director, highly experienced in Latin America, MBA; Founder of Mirasol, director at Sandstorm Gold.

Raul Benavides, Director

Mining Engineer; VP Business Development for Buenaventura.


News Update

N/A


  Disclaimer

Copyright (c) 2000 - 2020 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印