Tolu Minerals (TOK) Company Presentation summary

Strategic pillars and vision

• Focus on world-class exploration, optimized operations, and building the right team to enrich lives and become an investment of choice.

• Aims to refurbish and expand the Tolukuma Gold Mine into a larger-scale, high-grade gold producer with potential for gold/copper porphyry discoveries.

Project overview and location

• Tolukuma Gold Mine is located in Papua New Guinea, within the prolific Pacific Ring of Fire, and benefits from straightforward logistics and proximity to major shipping lanes and cities.

• The mine has a 20-year history, producing around 1 million ounces at 15g/t Au, with significant infrastructure and a strong team in place.

Mineral resources and exploration upside

• Inferred Mineral Resource (as of August 2022): 1.6 Mt @ 10g/t Au and 38g/t Ag, containing 503koz Au and 1.9Moz Ag at a 3g/t cut-off.

• Exploration target of 2–3 Moz Au grading 8–11g/t Au, based on extensions and new prospects near the Tolukuma vein system.

• Seven exploration licenses cover ~1,500km², with ongoing mapping, geophysics, geochemistry, and drilling to define new gold zones and porphyry targets.