TSX-V : TVI

Stock Quote: VSE

Price 0.05$

Change (+12.5%) +0.01

Volume 90,000

Today's Open 0.04$

Previous Close 0.04$

Intraday High 0.05$

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52 Week High 0.06$

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Sep 22, 2021 11:45 AM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

Price 0.03$

Change (-5.7%) -0.00

Volume 3,154

Today's Open 0.03$

Previous Close 0.04$

Intraday High 0.03$

Intraday Low 0.03$

52 Week High 0.06$

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Sep 22, 2021 10:11 AM Pricing delayed 20 minutes
Corporate
Presentation
Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Balabag
Gold-Silver
Project
The Balabag Gold-Silver Project Find out more about the Balabag Gold-Silver Project WATCH VIDEO
The Canatuan
Experience
The Canatuan Experience Click here to review TVI's history of success at the Canatuan project GO TO THE CANATUAN EXPERIENCE

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Corporate Highlights

  • Management has the proven ability to develop and operate mines with low CAPEX/OPEX and award-winning safety, environmental and social performance.
  • To date, management has commissioned THREE (3) mines in the Philippines including:

Through its 100% owned Philippine operating subsidiary, TVI Resource Development (Phils.) Inc. (“TVIRD”) between 2004 and 2014:

  • The Canatuan gold-silver mine, which produced over 105,000 ounces of gold and 1.8 million ounces of silver from 2004 to 2008 for gross revenues of US$86 million; and,
  • The Canatuan copper-zinc mine, which produced 199,778 dry metric tonnes of copper concentrate and 30,548 dry metric tonnes of zinc concentrate from 2009 to 2014 for gross revenues of US$393 million.

Following divestment of control in TVIRD in December 2013 resulting in TVI Pacific holding a continuing interest of 30.66% in TVIRD and joint control:

  • The Agata direct shipping Nickel/Iron mine (Agata Mining Ventures Inc. (“AMVI”)), which commenced production in October 2014 and has thus far shipped a total of 18.03 million wet metric tonnes through 331 shipments as at the end of August 2021 (production is ongoing). AMVI is a joint venture company between TVI Resource Development (Phils.) Inc. (“TVIRD”) (60%), Mindoro Resources Ltd. (“Mindoro”) (15%) and Minimax Mineral Exploration Corporation (25%), in which TVIRD is operator.

TVIRD is also advancing its 100% owned Balabag gold/silver project towards commercial production and at August 31, 2021, mineralized material is being fed from the low grade run of mine (“ROM”) mineralized stockpile on a test basis in preparation for the commencement of continuous milling operations. Plant commissioning works have also included the first discharge of tails to Stage 1 of the Tailings Storage Facility (“TSF”). The current focus is to continue stabilization of the mill operation to its planned daily throughput rate and optimization of the plant parameters to improve performance.

On July 28, 2021, TVIRD signed an investment agreement to acquire 100% of the outstanding equity in Greenstone Resources Corporation (“GRC” and the “GRC Shares”), the owner and operator of the Siana Gold Project (“Siana”) and the Mapawa Project (“Mapawa”), both of which are located in the southern Philippine island of Mindanao. Prior to the acquisition by TVIRD, GRC was the Philippines affiliate of Red 5 Limited (“Red 5”) (ASX: RED), a Perth, Western Australian-based gold company, the shares of which are listed on the Australian Securities Exchange. Red 5 has previously reported in their 2020 Annual Report a combined historical Indicated JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 4.3Mt @ 4.6 g/t Au and 6.8 g/t Ag and combined Inferred JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 0.5Mt @ 8.9 g/t Au and 10.6 g/t Ag. TVI is not treating this as a current mineral resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects as a qualified person has not done sufficient work to classify the historical estimate as current. TVIRD’s plan is to recommence operations at Siana as soon as possible and is presently developing plans in furtherance of this objective. Completion of the GRC acquisition is subject to the satisfaction or waiver of a number of conditions.

On June 1, 2021, AMVI received the Environmental Compliance Certificate for the Agata Limestone project that is valid through to May 31, 2026, assuming the MPSA is extended beyond its current expiry date of May 2024. Endorsements from the required local governments have been received for the project and the balance of the permitting process is continuing.

  • Environmental and safety awards received by TVI through its exceptional performance thus far at Canatuan and Agata include:

TVI's management team is now focused on repeating its operational success in new jurisdictions in the Asia Pacific Region and is searching for resource opportunities that can be rapidly developed and put into production.