TanGold May 2020, Corporate Presentation

Corporate Presentation  May 2020

•Preliminary gold production forecast (100% basis) from the operation of two plants to process oxide and sulphide ores from the Buckreef Shear deposit

Tangoldcorp new presentation

Tangold Corporation presentation

•Completed ~6,475 m of grade control RC drilling
•Grades from Phase I program were 8% to 22% higher than the wider spaced resource model grades
•Phase III to include 5,000 m of drilling (50% completed) to refine mining schedule of oxide ore starter pit
•Excellent potential to materially expand the Buckreef Shear deposit at depth at both the Main Zone and Northeast Extension
•We see the potential for the sulphide operation  to produce 150,000 to 175,000 oz of annual production
•SGS Lakefield to confirm a conceptual flow sheet that included either Gravity Separation with Gravity Tailing Cyanidation, or Gravity Separation Followed by sulphide flotation of the gravity tailing, with regrinding and cyanide leaching of sulphide concentrate
Tangold Estimate Gold Deposit

Resource Estimate

•The upcoming feasibility study will incorporate the results of the Phase III drill program, the geotechnical assessment and ongoing metallurgical testing
•These flowsheets constitute low cost and attractive alternatives for the Buckreef Project.
Tanzanian Gold Corporate Presentation May 2020