TSX-V : TVI

Stock Quote: VSE

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Volume 37,000

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Oct 30, 2020 12:33 PM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

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Change (+25.5%) +0.00

Volume 2,600

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Oct 30, 2020 03:33 PM Pricing delayed 20 minutes
Corporate
Presentation
Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
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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Overview

TVI Pacific Inc.’s track record of success includes putting the first foreign invested mine into production in the Philippines after the passage of the Philippine Mining Act of 1995. From 2004 to 2014, TVI, as operator of the Canatuan gold-silver/copper-zinc mine, produced 105,200 ounces of gold, 1.8 million ounces of silver, 199,778 tonnes of copper concentrate and 30,558 tonnes of zinc concentrate and was recognized as one of the most responsible miners in the Philippines, committed to the highest levels of safety, environmental stewardship and sustainable development. Up until 2014, TVI carried out its work through its 100% owned Philippine operating subsidiary, TVI Resource Development (Phils.) Inc. (“TVIRD”), of which it has divested control in December 2013 but maintains a 30.66% interest in this joint venture, where TVI has joint control.

Views of Canatuan gold-silver/copper-zinc mine during its time of operation.

As at June 30, 2020, Canatuan is in the process of completing its final rehabilitation activities under the supervision of the Multi-Partite Monitoring Team (“MMT”) that includes members of the Local Government Units (“LGU”), representatives of the local community, the municipal and provincial government, and the DENR (as representatives of the national government).

TVI management’s track record of success has continued with the Agata Nickel/Iron project, Agata Mining Ventures Inc. (“AMVI”), which commenced operations in October 2014 and has since completed a total project-to-date of 269 shipments of 14.62 million wet metric tonnes of nickel laterite through to May 31, 2020. AMVI is a joint venture company between TVIRD (60%), Mindoro Resources Ltd. (“Mindoro”) (15%) and Minimax (25%), in which TVIRD is operator. The Agata Direct Shipping Ore (“DSO”) Project site is strategically located within proximity to main markets in Asia and bears the opportunity for shipping all year round.

On November 22, 2019, TVI announced that TVIRD had determined to advance the Balabag gold/silver project towards commercial production and was progressing with various development works. The project is situated approximately 75 kilometers (47 miles) east-northeast of TVIRD’s Canatuan mine.

Aerial view of the Mill Plant Site of the Balabag Gold Project on May 31, 2020.

In addition to supporting the ongoing activities of TVIRD at Agata and Balabag, the Company is now focused on repeating its direct success at Canatuan by searching for new resource opportunities in the Asia Pacific Region with the assistance of its Project Advisory Group. At June 30, 2020 also, TVI directly held a (i) a 2.97% equity interest in the shares of Integrated Green Energy Solutions Ltd (“IGES”); (ii) a 14.4% equity interest in the shares of Mindoro; and (iii) a 100% investment in shares of TG World Energy Corp. (“TG World”).

Resource Acquisition and Development Strategy

Management’s resource acquisition and development strategy is centered around the idea of Bootstrap Growth:

  • Acquire or joint venture with companies on resource deposits that may have a modest initial resource size but with the potential for significant resource growth;
  • Begin operations as quickly as possible to generate revenues and cash flow;
  • Use cash flows from operations to fund further exploration to grow the resource and expand operations.

Benefits of the Bootstrap Growth Strategy include:

  • Low upfront capital expenditures – lower risk;
  • No or minimal dilution to shareholders as growth is self-financed;
  • Demonstration to local communities and government entities the economic and social benefits reaped from the operations to ensure local support for expanded operations.