The Asia Pacific region (“the region”) is strategically located near massive end markets for various resources, thereby ensuring low transportation costs and ease of negotiating offtake agreements. The region encompasses the Pacific "Ring of Fire", in which the Philippines is one of the most prolifically mineralized countries in the world, globally ranking fifth in gold, nickel, copper and chromite.
TVI Pacific’s management team has extensive experience working in Asia and has successfully put multiple development projects into production in the Philippines through its Philippines affiliate, TVI Resource Development Phils.Inc, (“TVIRD”), including the Canatuan gold-silver mine (2003-2008), the Canatuan copper-zinc mine (2009-2014), the Agata direct shipping nickel/iron mine (2014 to present) and the Balabag gold/silver mine (2021 to present). In addition, work is progressing to restart the Siana gold mine that TVIRD fully acquired in the fourth quarter of 2021 and soft-commissioning of the plant commenced on December 9, 2022, and is ongoing. TVIRD is also focused on realizing the potential of the Mabilo project in which it completed the acquisition of a 60% indirect interest in January 2022 through its acquisition of 100% of SageCapital Partners, Inc. The Mabilo mineralized deposit is classified as a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite (Fe3O4) and pyrite (FeS2).
TVI Pacific holds a 30.66% interest in the TVIRD joint venture but does not operate or control any of the TVIRD mines or projects.