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Jul 28, 2021 03:57 PM Pricing delayed 20 minutes


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Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Canatuan
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 16.24 million wet metric tonnes through 298 shipments as at the end of December 2020 (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.

TVI Pacific announced also on November 22, 2019 that TVIRD had determined to advance its 100% owned Balabag gold/silver project towards commercial production and development works at December 31, 2020 are ongoing with commissioning of the front-end circuits of the process plant continuing. Critical remaining works include the Tailings Storage Facility (“TSF”) where stripping and removal of waste materials and the placement, spreading and compaction of numerous layers is continuing.

As of December 31, 2020, AMVI is also continuing to evaluate the feasibility of commencing a limestone direct shipping ore (“DSO”) operation or producing hydrated lime and a higher value ground calcium carbonate product marketable to the paper and plastics industries in Asia. Application for the Environmental Compliance Certificate (“ECC”) commenced in February 2020 and receipt is expected in Q1 2021. Endorsements from the required Local Government Unit (“LGU”) have been received and the balance of the permitting process is continuing and is expected to be completed in 10 to 12 months from the current date.

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

  • TVIRD received awards up through 2013 as operator of the Canatuan Mine and commencing 2015 has received awards as operator of the Agata Mining Ventures Inc. DSO operations since start-up of operations in October 2014. The Presidential Industry Environmental Award (PMIEA) is the highest award given by the PMIEA Selection Comittee (PMIEA-SC). Mining companies which fall short of the PMIEA requirements but exhibited excellent performance in environment, safety, health, and social development are awarded with the PMIEA-SC  Achievement Awards, namely the Platinum and Titanium awards.

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.

TVI Pacific also holds an approximate 2.97% interest in Integrated Green Energy Solutions Ltd. (“IGES”), a publicly listed company incorporated in Australia with shares listed on the Australian Stock Exchange (“ASX”). IGES is focused on converting to fuel waste plastic that is destined for landfill or discarded into the environment. Further to the IGES public disclosure documents, the patented plastic to fuels process of IGES results in a range of fuels and products, including EN590 (Road Ready Diesel), EN228 (Road Ready Petrol), Naphtha, Marine fuel and Marine Diesel Oil (MDO). The specific products IGES provides are determined by the territory requirements for each individual site location. Since January 20, 2020, IGES has been suspended from trading on the ASX (see Investments / Integrated Green Energy Solutions Ltd. for additional information).