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The Canatuan
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Agata Nickel Laterite DSO Project

Agata Nickel Laterite DSO Project


The Agata nickel laterite DSO project is held by Agata Mining Ventures Inc. (AMVI), a joint venture company in which TVIRD holds a 60% interest and is the operator.

The project is located in a 4,995-hectare Mineral Processing Sharing Agreement (MPSA) area located in the adjacent municipalities of Tubay, Jabonga and Santiago in Agusan del Norte province, within the Surigao mining region on the island of Mindanao, the Philippines. The Surigao region is a major lateritic nickel producing region providing ore to processing plants in Australia, China, Korea and Japan. 

The project mine site is located just 3.5 km from its own deeply protected seaport which provides the opportunity for year-round shipping.

Resources & Reserves

An April 2013 NI 43-101 compliant technical report shows the project to have nickel laterite resources of 33.9 million tonnes grading 1.1% nickel and 22.5% iron in the Measure and Indicated categories and an additional 2.1 million tonnes grading 1.0% nickel and 16.3% iron in the Inferred resource category.

Please click here to see the NI43-101 technical report dated April 10, 2013 entitled "Independent Report On the Nickel Laterite Resource Agata North, Philippines.”

The above resource formed the basis of a Mineral Reserve estimate for a Feasibility Study completed on the DSO operation in August 2013 which shows Proven and Probable Reserves of 9.7 million wet metric tonnes with a grade of 48% Fe with 0.9% Ni.

Please click here to see the NI43-101 technical report dated August 30, 2013 entitled "Technical Report for the Agata North Nickel Laterite DSO Project, Mindanao, Philippines.”


Nickel laterite direct shipping ore operations began in October 2014 consisting of weekly shipments of approximately 55,000 wet metric tonnes (wmt) of high-iron/low nickel limonite ore as well as higher nickel content saprolite ore.  Over 1,660 people are employed at the mine and 7.68 million wet metric tonnes of ore have been shipped through 142 shipments as of September 2017.

AMVI’s Agata operation was the first Philippine mining operation to be awarded the Titanium Award at the Presidential Mineral Industry and Environmental Awards Ceremony in November 2015 after just one year in operation. The Titanium Award recognized AMVI for exceptional implementation of its approved Environment Protection and Enhancement Program, Social Development and Management Program and its ongoing Occupational Health and Safety Program.  The operation was again awarded the same Titanium Award at the 2016 Presidential Mineral Industry and Environmental Awards Ceremony.


From October 2014 to April 2015, TVIRD has completed a 16,768-metre, 986-hole drill program to validate and increase the existing resources previously disclosed in April 2013.  A Philippine Mineral Reporting Code report was completed on the project which will support the project's valuation when TVIRD seeks to list on the Philippine Stock Exchange in the future.

For more information, please visit TVIRD’s website at www.tvird.com.ph.

Agata Limestone Project

Agata Limestone Project


The Agata project is held by Agata Mining Ventures Inc. (AMVI), a joint venture company in which TVIRD holds a 60% interest and is the operator.

The project is located in a 4,995-hectare Mineral Processing Sharing Agreement (MPSA) area located in the adjacent municipalities of Tubay, Jabonga and Santiago in Agusan del Norte province. It is accessible by land (approximately 1.5-hours driving time) from the provincial capital of Butuan.

The project  is situated to the south of TVIRD's current Agata nickel laterite direct shipping ore ("DSO") operation and immediately adjacent to the causeway facilities that were built to support the DSO operations.


From November 2014 to April 2015, AMVI completed a 17-hole drill program aimed establishing an initial resource estimate at the project.  Drill results had confirmed the presence of a high-purity recrystallized limestone deposit covering an area of 600 metres by 650 metres.  Significant intercepts yielded between 80% to 100% CaCO3.  These results have been used as the basis for a technical report compiled to Philippine Mineral Reporting Code standards which was completed in August 2015. 


AMVI is continuing to evaluate the feasibility of commencing a limestone direct shipping ore operation or producing hydrated lime and a higher value ground calcium carbonate (“GCC”) product marketable to the paper and plastics industries in Asia. Due to the project's close proximity to the causeway where materials will be shipped, potential operations will benefit from having low transport and handling costs.

AMVI has been in discussion with limestone companies for the production of different products. In May 2016, a Japanese mining company commenced a due diligence review of the Payong payong limestone and confirmed the quality and quantity of the resource for possible supply to the steel and construction industry. Further evaluation of the three other potential limestone sites, one of which is located just south of the Payong payong deposit in Tinigbasan with the others located in San Vicente and north of Agata in San Jose, are ongoing but require renewal of the related exploration permit (EP 27) prior to the commencement of any drilling.

For more information, please visit TVIRD’s website at www.tvird.com.ph.

Balabag Gold-Silver Project

Balabag Gold-Silver Project


TVIRD owns 100% of the Balabag project.  The project covers a 4,779-hectare Mineral Processing Sharing Agreement (MPSA) located in the town of Bayog, Zamboanga del Sur province, the Philippines.  The project is situated approximately 75 kilometers (47 miles) east-northeast of TVIRD’s Canatuan mine.


Based on results of drilling completed to the end of June 2011 and as included in the Balabag NI 43-101 technical report dated June 23, 2012, the current indicated mineral resource is estimated to be 1.78 million tonnes averaging 2.34 g/t gold and 72.3 g/t silver, containing 134,262 ounces of gold and 4,148,196 ounces of silver.

Please click here to see the NI43-101 technical report dated June 23, 2012 entitled "NI 43-101 Technical Report on the Balabag Gold Project, Zamboanga Province, Philippines”.


To date, a total of 296 holes have been drilled for a total of 34,156 meters at the Balabag project. During the first half of 2013, TVIRD completed 18 additional infill or extension drill holes equivalent to 1,221 metres. In addition, mapping and sampling activities were carried out in the underground workings, and trenching and soil grid geochemical surveys were done over the eastern and southern part of Balabag hill. The discovery of multi-directional veining has increased the potential of finding more veins. Once all permits to develop the Balabag project have been received, further exploration work and the completion of an updated resource estimate is expected to commence.

While exploration and development work have been put on hold at the Balabag project since mid-2013 pending the receipt of all permits to develop the Balabag project, TVIRD has continued to work on the engineering design for a gold-silver processing plant to process ore on-site. Basic engineering design has now been completed and detailed design work is underway. TVIRD has also constructed and maintained 16 kilometres of access roads to the project in anticipation of the commencement of construction.

Development & Permitting

A pilot plant was established in 2013 to carry out metallurgical test work with initial results showing overall recoveries of 93% for gold and 90% for silver after 36 hours of leach time.

Since mid-2013, exploration and development work has been on hold pending the receipt of all permits. From that period through to the current date, TVIRD has continued to work on the engineering design for a gold-silver processing plant to process ore on site. TVIRD has also constructed and maintained 16 kilometers of access roads to the project in anticipation of the commencement of construction.

On April 29, 2016, the Mines and Geosciences Bureau (“MGB”) approved the Declaration of Mining Project Feasibility (“DMPF”). Approval of the DMPF follows receipt of the Environmental Compliance Certificate (“ECC”) on October 16, 2013, and leaves only receipt of the tree-cutting permit outstanding. The DMPF limits the current project area to the 180 hectares defined by the ECC but provides for expansion into other areas of the Mineral Production Sharing Agreement (“MPSA”) through amendment of the ECC. A letter received from the MGB on May 16, 2016, provides TVIRD one year, or through to April 29, 2017, to submit the documents required to secure the expanded ECC amendment, but TVIRD has requested for a one year extension from the start of commercial operation. In the interim, studies have been revisited to assess the possibility of starting with a smaller operation while waiting for the approval of the expanded ECC.

On February 14, 2017 TVIRD learned through a news conference held by the DENR that MPSA No.086-97-IX, in which the Balabag project is located, is among 75 MPSAs that have been recommended for cancellation. TVIRD filed a response on February 23, 2017 to the Show Cause letter and emphasized their position to be that there exists no grounds to validly cancel, terminate or suspend the MPSA between the government and TVIRD as there is neither violation of the terms of the MPSA nor of any law, rule or regulation that would merit its cancellation, termination or suspension. TVIRD has further stated that it does not contest the provisions of law cited in the Show Cause letter and recognizes also the authority of the DENR as the primary agency responsible for the conservation, management, development, and proper use of the Philippine mineral resources including those in reservations, watershed areas, and lands of the public domain, but that it is confident their past work to obtain the Balabag MPSA, the ECC and DMPF in compliance with the requirements of the DENR will justify its position. TVI agrees that Balabag is clearly not in a proclaimed watershed forest reserve and remains confident that TVIRD’s Balabag MPSA is valid and can withstand any legal challenge.

As at the current date of reporting, TVIRD has received no reply to its response to the Show Cause letter as filed on February 23, 2017.

For more information, please visit TVIRD’s website at www.tvird.com.ph.

Canatuan Project

Canatuan Project


Canatuan is owned 100% by TVIRD. The project is a volcanogenic massive sulphide (VMS) deposit located in the Province of Zamboanga del Norte on the island of Mindanao in the Philippines.

From 2004 to mid-2008 TVIRD produced gold and silver doré from an overlying gossan (oxidized) portion of the deposit. As this upper portion of the orebody was mined out, the underlying primary sulphide portion of the deposit containing copper and zinc was exposed.

By November 2008, TVIRD had completed construction of a sulphide production plant to process the underlying sulphide orebody containing copper and zinc and commenced commercial production of copper concentrate in March 2009. From March 2009 to February 2014, TVIRD completed 39 shipments of copper concentrate for a total volume of 199,778 dmt and 7 shipments of zinc concentrate for a total volume of 30,548 dmt, as compared to an initially anticipated 119,800 dmt of copper concentrate and 6,100 dmt of zinc concentrate. Milling operations concluded in late 2013.


Following the end of mining and processing operations in January 2014, decommissioning and rehabilitation activities within the disturbed areas commenced. Approximately 165 hectares will be subject to the closure programs as identified in the approved Final Mine Rehabilitation and Decommissioning Plan (FMRDP). The first quarter activities have focused on the decommissioning of plant and equipment within the mill and processing plant area and continuation of the progressive rehabilitation activities within the overburden waste areas. The rehabilitation tasks include earthwork stabilization, drainage controls and re-vegetation. Water quality monitoring as well as meteorological data collection, hydrologic data collection and instrumentation data collection for the Sulphide Tailings Storage Facility Dam continued through the first quarter. As of the end of September 2016, these activities are ongoing.

Additional Exploration Potential

TVI has an extensive 352 square kilometre (136 square mile) package of tenement applications surrounding the Canatuan mine that make up the Greater Canatuan Tenement Area (GCTA). Volcanogenic massive sulphide deposits, like Canatuan, rarely occur in isolation. Exploration on the properties suggests 40+ kilometres (25+ miles) of the same type of geology that hosts the Canatuan orebody. TVIRD believes that similar Canatuan-style deposits exist within the GCTA and that there is a potential for discovering extension developments.

Exploration work was suspended pending approval of the required permits. Processing and approval of Mineral Production Sharing Agreement (MPSA) applications continued to be on hold because of the ongoing moratorium on new permit applications imposed by the Secretary of the Department of the Environment and Natural Resources (DENR). In March 2013, the DENR lifted the moratorium on application for exploration permits, but the moratorium on MPSA’s and financial or technical assistance agreements is still in effect in spite of the signing of the much awaited Executive Order by the President of the Philippines.

On November 19, 2013, TVIRD file for an application with the DENR for expansion of the contract area of the Canatuan MPSA to include 500 hectares of the Malusok MPSA application.  A year later in November 2014, TVIRD received regulatory approval for this expansion, which enables TVIRD to further assess possible economic deposits and provide the opportunity for mining operations to recommence at Canatuan.  Exploration activities will begin at the Malusok and SE Malusok prospects once TVIRD is giving the proper Implementation Rules and Regulations by regulators. 

For more information, please visit TVIRD’s website at www.tvird.com.ph.

North Zamboanga Exploration Tenements

North Zamboanga Exploration Tenements

The North Zamboanga tenements consist of 11 permit applications covering 1,240 square kilometres (771 square miles) of the Zamboanga Peninsula on the island of Mindanao in the Philippines. The properties are 100% owned by TVIRD.

The current permit applications cover a number of mineral targets identified by a prior exploration program conducted by a major international company, numbering over 20 epithermal gold, massive sulphide and porphyry copper-gold prospects. Reconnaissance work carried out to date has supported historical findings and has resulted in the discovery of additional prospects of interest. Indications of mineralization often occur on the surface and have been easily accessible to our exploration teams.

Among the more prominent prospects in the North Zamboanga tenement package is the Bonbon area, which is covered by an 81 square kilometre (50 square mile) Exploration Permit Application. Bonbon is made up of a series of north-northwest trending quartz veinlets/stockworks in highly altered volcanics and intrusives, spread over a 10 kilometre (6 mile) long by 2 kilometre (1 mile) wide area. Geologic mapping and sampling as well as geophysical surveys are in the planning stages in order to locate prospective drill targets.

For more information, please visit TVIRD’s website at www.tvird.com.ph.



In 2013, TVIRD created a wholly owned subsidiary, TVI Agriproducts Inc., which entered into a 50:50 agribusiness joint venture with agricultural commodity manufacturer and marketer Kennemer Foods International to create and establish of a joint agri-enterprise for cacao production via company-managed plantations in the municipalities of Siocon and Baliguian in Zamboanga Del Norte.  Siocon and Baliguian are neighboring municipalities of TVIRD’s Canatuan mine which was decommissioned in late 2013.

Under the agreement, both companies will undertake the development of plantations through consolidated landholdings either through lease or revenue sharing agreements together with individual farmers and lot owners and recognized indigenous peoples communities.  Each plantation will have a consolidated area of no less than 100 hectares within the ancestral domain of the Subanons – TVIRD’s indigenous hosts - and nearby areas. The agreement also specifies the development of contract growing agreements with the farmers wherein the cacao produced from the plantations will be marketed and exported according to mutually-agreed terms of yield-sharing.

As the first local company to operate under the Mining Act of 1995, TVIRD has introduced livelihood programs to the community as part of its corporate social commitments and the joint agri-enterprise represents its most aggressive initiative to date. The initiative is set to provide the immediate community with a sustainable enterprise beyond the life-of-mine. The company also has interests in neighboring Balabag and in Agusan Del Norte.

Based on a development roadmap culled from a study conducted by the University of Asia and the Pacific (UA&P), the project would expand to a total of 1,600 hectares over four years, depending on available land, and at a financial internal rate of return of seven years.

Additionally, the project could generate close to 1,300 jobs for the local community or an additional 400 jobs if TVIRD workers are absorbed by the joint venture company.

For more information, please visit TVIRD’s website at www.tvird.com.ph.