TSX-V : TVI

Stock Quote: VSE

Price 0.05$

Change (+12.5%) +0.01

Volume 90,000

Today's Open 0.04$

Previous Close 0.04$

Intraday High 0.05$

Intraday Low 0.04$

52 Week High 0.06$

52 Week Low 0.02$

Sep 22, 2021 11:45 AM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

Price 0.03$

Change (-11.68%) -0.00

Volume 4,416

Today's Open 0.03$

Previous Close 0.04$

Intraday High 0.04$

Intraday Low 0.03$

52 Week High 0.06$

52 Week Low 0.01$

Sep 22, 2021 03:20 PM Pricing delayed 20 minutes
Corporate
Presentation
Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Balabag
Gold-Silver
Project
The Balabag Gold-Silver Project Find out more about the Balabag Gold-Silver Project WATCH VIDEO
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. (“TVI”) is a publicly traded Canadian resource company focused on the evaluation and acquisition of interests in resource projects in the Asia Pacific region.

Led by a management team with the proven ability to design, build and operate mines, TVI’s corporate strategy is to acquire advanced resource projects that can be rapidly explored, developed and ultimately put into production to generate revenues and cash flow. Since 2004, management has successfully opened three mines in the Philippines with profitable operations and award-winning safety, environmental and social performance.

TVI management’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 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 from the Canatuan mines and was recognized as one of the most responsible miners in the Philippines. 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.

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 shipped a total of 18.03 million wet metric tonnes of nickel laterite through 331 shipments as at the end of August 2021. AMVI is a joint venture company between TVIRD (60%), Mindoro Resources Ltd. (“Mindoro”) (15%) and Minimax Mineral Exploration Corporation (“Minmax”) (25%), in which TVIRD is operator. The Agata direct shipping Nickel/Iron project site is strategically located within proximity to main markets in Asia and has the unique advantage to ship all year round.  TVIRD is focused on maximizing the production and sale of higher nickel grade saprolite ore in order to secure the highest selling prices and to maximize revenues while producing also high iron limonite ore when market conditions are favorable.

Development works are continuing at TVIRD’s 100% owned Balabag gold/silver project since TVI announced on November 22, 2019, that TVIRD had determined to advance the project towards commercial production.  Mineralized material is being fed from the low grade run of mine (“ROM”) mineralized stockpile on a test basis in preparation for the commencement of continuous milling operations and plant commissioning works have included the first discharge of tails to Stage 1 of the Tailings Storage Facility (“TSF”).  The current focus is to continue stabilization of the mill operation to its planned daily throughput rate and optimization of the plant parameters to improve performance.  The project is situated approximately 75 kilometers (47 miles) east-northeast of TVIRD’s Canatuan mine.

As at August 31, 2021, 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 Department of Environment and Natural Resources (“DENR”) (as representatives of the national government).

On July 28, 2021, TVIRD signed an investment agreement to acquire 100% of the outstanding equity in Greenstone Resources Corporation (“GRC” and the “GRC Shares”), the owner and operator of the Siana Gold Project (“Siana”) and the Mapawa Project (“Mapawa”), both of which are located in the southern Philippine island of Mindanao.  Prior to the acquisition by TVIRD, GRC was the Philippines affiliate of Red 5 Limited (“Red 5”) (ASX: RED), a Perth, Western Australian-based gold company, the shares of which are listed on the Australian Securities Exchange.  Red 5 has previously reported in their 2020 Annual Report a combined historical Indicated JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 4.3Mt @ 4.6 g/t Au and 6.8 g/t Ag and combined Inferred JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 0.5Mt @ 8.9 g/t Au and 10.6 g/t Ag.  TVI is not treating this as a current mineral resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects as a qualified person has not done sufficient work to classify the historical estimate as current.  TVIRD’s plan is to recommence operations at Siana as soon as possible and is presently developing plans in furtherance of this objective.  Completion of the GRC acquisition is subject to the satisfaction or waiver of a number of conditions.

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

The Philippine entity, TVIRD, is currently focused on maximizing its valuation, which would also maximize its investment value for TVI, by focusing on the following areas of growth:

  • Completing development of the Balabag Gold-Silver Project and commencement of production.
  • Advancing development and a restart of operations at the Siana Gold Project.
  • Continuing and expanding Nickel/Iron direct shipping operations and increasing resources at the Agata Nickel Laterite Mine.
  • Advancing the Agata Limestone Projects toward development and production.
  • Evaluation of other exploration and development projects in the Philippines with potential for early cash flow generation.