TanGold July 2020, Presentation

Corporate Presentation  July 2020

Buckreef Resources More than Doubled

  • M&I gold resources for the Buckreef Shear Zone more than doubled compared to the previous estimate
  • Incorporates the results of the 2019 Phase I and II drill program (52 holes, 17,650 m)
    • ‒  Phase I: 15-hole infill drilling of the PFS open pit to convert inferred to M&I resources
    • ‒  Phase II: 37-hole expansion drilling extended shear zone by >200 m along strike and to 950 m depth
  • Low discovery cost of only US$6/oz Au

Oxide Ores At Or Near Surface

  • Contain less than 2% of the gold in the PFS open pit. More suitable to be treated by a separate smaller plant.
  • Initial focus is to mine and stockpile up to 1 million tonnes from the proposed oxide pit
  • Oxide pit extends over a 37,000 m2 area
  • 0.5 to 1.0 m of overburden above oxide pit
  • Existing stockpiles of 120K tonnes at 1.86 g/t Au containing 7,161 oz Au
  • Plant at ~5 tph of set to expand to treat ~15 tph (300 tpd)
  • Flow sheet to include conventional gravity and cyanide leaching CIL with cyclones and centrifuges
  • Previous metallurgical testing indicates high recoveries

Tanzanian Gold Corporate Presentation  July 2020 here