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Investor Presentaiton

TMT Project Satellite Spectral Study Area, Conclusions 2 • Case-studies provide comparison of Filo del Sol and Veladero to Tambo South, Tambo V, Malambo and Toro Filo del Sol Cu-Au-Ag resource is characterized by abundant silica (high thermal response), pyrophyllite and jarosite with flanking muscovite of high crystallinity and intersecting linear zones of Fe-oxide - kaolinite - phyllic alteration Veladero resource associated with high silica and flanking pyrophyllite, muscovite and jarosite that lie along linear zones of Fe-oxide kaolinite phyllic alteration Tambo South target is characterized by a muscovite-pyrophyllite-jarosite zone of high muscovite crystallinity and elevated thermal response (silica) that sits at the intersection of linear Fe-oxide-clay-mica zones of multiple orientations Malambo shows several pyrophyllite-jarosite zones and subordinate muscovite of high crystallinity that occur near the intersection of linear zones of Fe-oxide- clay-mica alteration with no significant thermal response (i.e., silica-deficient alt.) Toro shows two alteration centres: 1) pyrophyllite-jarosite to the north and 2) muscovite (highly crystalline), pyrophyllite and jarosite to the south; both target areas are characterized by the intersection of linear zones of Fe-oxide-clay-mica alteration Historic drilling at Toro shows Ag-Zn-bearing intermediate-sulfidation epithermal mineralization and an increase in Cu values towards the south, where an inferred 500 x 300m lithocap (E-elongate) is characterized by muscovite-pyrophyllite-jarosite The western portion of Toro contains a 500 x 200m (NW-elongate) breccia pipe, with disseminated enargite and chalcopyrite. 26
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