Foyson Presentation PNG December 2012

Papua New Guinea
Partnering Strategy for Resource Development

PNG Mining Conference December 2012

PNG Resource Development
 Foyson has technical resources and funds committed to explore and
develop resource projects in PNG, through operating companies Titan
Mines & Titan Metals;
 Foyson has established an excellent track record of working with and
assisting local communities;
 Foyson proposes to PARTNER with local communities and land owners to
ensure all parties benefit from resource development;
 The Directors and Shareholders of Foyson, in return, wish to achieve:
- Greater security of tenure from exploration to development;
- More timely granting and renewal of tenements.

foyson...abundant harvest PNG Mining Conference December 2012
Strategy for Creating Shareholder Value May 2012

Foyson Resources Limited
 Australian Stock Exchange listed;
 Focus on PNG resources;
 PNG Explorer for >7 years;
 Targets:
Key
- Amazon Bay Iron Sands
- New Britain Gold/Copper
- New Ireland Gold/Copper
 Experienced Board and management team - project development,
exploration and community relations.


Foyson Tenements
50% plus 50% Option 100%

Titan Mines Titan Metals
Limited Limited

• EL 1396 • EL 1642 Atui • ELA 1638 Legusulum • EL 1628 Poi
• EL 1623 • EL 1640 • ELA 1645 Palabong • EL 1637 Domara
• ELA 2149 • ELA 1818 Mussau Island • EL 1625 Golden Peak
• ELA 1639 Tanga Island
• ELA 1663 Manus Island


Tenement Rationalization
 maximise the potential for value creation, Foyson will focus on
To
exploration and resource development in the following tenements:
- Amazon Bay Iron Sands; EL 1396
- New Britain Copper/Moly; EL 1642
- New Ireland Copper; ELA 1638, 1645
- New Ireland Gold; ELA 1818, 1639
 Foyson is assessing farm out opportunities for:
- Poi; EL 1628
- Domara; EL 1637
- Golden Peak; EL 1625
- New Britain; EL 1640


PNG Project Locations World Class Mining Projects
Proximity to
140o 142o 144o 146o 148o 150o 152o 154o 156o o
2o 2

Lorengau

Vanimo MANUS MUSSAU Kavieng SIMBERI

LIHIR
New Ireland
Wewak LEGUSULUM Namatanai
SOLWARA

TANGA
4o 4o
Rabaul

FRIEDA
New Britain SINIVIT
PALABONG
OK TEDI Madang
Hoskins
Tabubil Wabag
PORGERA Mt Hagen RAMU
YANDERRA Kimbe

NORTH NEW BRITAIN
6o 6o

KAINANTU Kieta
Chimbu Yonki

Bougainville
ATUI
Kandrian
Goroka

PAPUA
Lae
WAFI-GOLPU
Wau

8o
HIDDEN
VALEY
NEW GUINEA 8o
Kembra

TOLUKUMA

Popondetta
Daru

POI
WOODLARK

Port Moresby

10o 10o

GOLDEN PEAK Alotau

0 100 200 DOMARA MISIMA

KM
AMAZON BAY
12o 12o
140o 142o 144o 146o 148o 150o 152o 154o 156o


TVI Pacific Inc -
Strategic Investment Partner
 Toronto Stock Exchange listed;
 Focus on Philippines resources;
 Philippines Operator / Explorer for 20 years;
 Operating Canatuan Gold/Copper/Zinc Mine;
 Developing Balabag Gold/Silver Project;
 Developing Agata Nickel Project;
 Diversifying to PNG resource projects;
 Strong management team - technical, environmental and
community relations.


TVI Investment in Foyson

Amazon Bay Project New Britain New Ireland Mainland


Amazon Bay Iron Sands
 Potentially very large Iron, Titanium and Vanadium sand deposit;
 Aim to produce high purity vanadium, titanium and iron;
 Iron and Titanium in solution - requires hydromet separation;
 Major metallurgical program planned to determine process;
 Resource to be assessed for suitability for Direct Ship Iron Ore;
 Potential to be world leader in development of iron sands projects;
 Strong community support established;
 Drilling, metallurgy, pre feasibility in CY 2013, in accordance with EL conditions;
 Detailed Feasibility Study CY 2014.


Amazon Bay Processing

CHINA

HONG KONG

BATANGAS PHILIPPINES

PNG

AMAZON BAY

Australia


New Britain Gold/Copper

 Follow up of exploration from 1970’s;
 Geophysical and diamond drilling program completed CY 2012;
 Confirmed major copper porphyry target;
 metres of 0.13% copper and 57ppm molybdenum;
102
 Assessment of CY 2012 program to determine follow up drilling for CY 2013;
 Strong community support established.


New Ireland Gold/Copper

 Follow up of exploration from 1970’s;
 Major copper porphyry targets on 2 ELAs on New Ireland;
 Major epithermal gold targets on 2 ELAs on Massau and Tanga Islands;
 MAC approvals received on all 4 ELAs;


Partnering Approach
 Foyson proposes to PARTNER with local communities and landowners,
under the guidance of the local Provincial Governments;
 Our proposal includes:
- Cash commitment per tenement per renewal spent on providing
educational and medical supplies;
- Negotiated share of project Dividends from any mine development;
- Vocational training, as appropriate, to meet the requirements of
the project exploration and development, with prioritized access to
employment;
- Opportunity for land owner groups to invest in all phases of project,
including exploration, development, operations, services; on reasonable
commercial terms;
- Commitment to post mining agri-development, as basis for long term
sustainable business.

Current Land Owner Assistance Activities
 Infant Vaccination Programs;
 Purchasing and delivering of pharmaceutical drugs;
 Transporting medical officers to remote locations;
 Water purification programs;
 Water analysis of drinking water through PNG Water Board;
 Distribution of HIV Education and Awareness Material;
 Distribution of mosquito nets;
 Production of National HIV Education DVD’s;
 Installation of Condom Vending Machines;
 Grille prevention and eradication programs.


Current Land Owner Assistance Activities


Educa*on

Current Education Activities


Our Partner - TVI Pacific

AWARDED PHILIPPINES’ “BEST OF THE BEST” – ENVIRONMENT AND SAFETY
 Multiple, prestigious awards during the 2012 Presidential Mineral Industry Environmental Awards:
- Winner – Presidential Mineral Industry Environment Award – Platinum
- Winner – Safest Surface Mining operation
- Winner – Safest Mineral Processing – Concentrator Category

 Past awards include:
- Titanium Award for Excellence in Environmental Management (2011, 2010)
- Safest Mining Operation (2011)
- Safest Surface Mining Operation (2011)
- Safest Mineral Processing, Concentrator Category (2011, 2010)
- Mining Forest Awards, Metallic Category (2010)
- Health and Safety Award (2010)


TVI - Leader in Sustainable Community
Development
 Phase 1: Four Quadrants of Community Development
- Infrastructure: Built or improved 85 kilometres of roads, including 4 bridges and
a spillway; water and electrical systems
- Health & Sanitation: Clinic, Health Care for wide area, all impact communities
- Responsive Education: Built 6 schools – 2500 students; Teachers, equipment,
scholarships; Successful high school and college grads
- Sustainable Livelihood: Training & Apprenticeship, Microfinance
 Phase 2: Transition to Enterprise Development
- Financed Fishing Vessels for Community fishing business
- Supported Women’s Sardine Canning Cooperative
- Farms & Nurseries: training and employment
- Company planning Agro-forestry partnership with community for
post-mine period


TVI - Leader in Environmental
Management
Biodiversity
BiodiversityBiodiversity
Tailings Management
Tailings Management
Tailings Management
50% of mining area remains in Four tailings storage facilities
50% of mining area mining area remains in
50% of remains in Four tailingsFour tailings storage facilities
storage facilities
original habitat condition
original habitat condition condition
original habitat
constructed three three
constructed constructed with
with three
with
undergoing reclamation
undergoing undergoing reclamation
reclamation

Watershed Management
Watershed Watershed Management
Management Monitoring Programs
Monitoring Monitoring Programs
Programs
Morethan 3030 locations subject to
More than locations30 locations
More than Monitoring by by third-party
Monitoring
Monitoring by third-party third-party
daily, weekly and quarterly water
subject to daily, weekly and weekly and
subject to daily, professionals completed on completed
professionals
professionals completed on
quarterly water quality
quarterly water quality weekly, quarterly and annual and annual
weekly, quarterly
quality monitoring
monitoring monitoring basis
on weekly, quarterly and
basis
annual basis

Reclamation and Rehabilitation
Reclamation and
Reclamation and Research Programs
Research Programs Programs
Research
Rehabilitation
Rehabilitation
More than 300,000 trees have Onsite research and studies
Onsite research and studies and studies
Onsite research
been planted since 2004 have
More than 300,000 trees have trees
More than 300,000 for passive wetland acid mine acid mine
for passive wetland acid
for passive wetland
covering 144 hectares 2004
been planted since 2004 since
been planted treatment using indigenous indigenous
treatment using
mine treatment using
covering 144 hectares (356
covering 144 hectares (356 plants plants
acres) within and outside and outside MPSA
acres) within MPSA indigenous plants


Summary

 Foyson proposes to PARTNER with local communities and land owners,
Provincial & national Governments, by providing project participation, to
ensure all parties benefit from resource development;
 The Directors and Shareholders of Foyson, in return, wish to achieve:
- Greater security of tenure from exploration to development;
- More timely granting and renewal of tenements.


Foyson Presentation PNG December 2012

Recomendados

Recomendados

Mais conteúdo relacionado

Mais de Foyson Resources

Mais de Foyson Resources (10)

Foyson Presentation PNG December 2012