Papua New Guinea Partnering Strategy for Resource Development
PNG Mining Conference December 2012
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Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development
PNG Mining Conference December 2012foyson...abundant harvest
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.
PNG Resource DevelopmentF
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PNG Mining Conference December 2012foyson...abundant harvest
Australian Stock Exchange listed;
Focus on PNG resources;
PNG Explorer for >7 years;
Key Targets: - Amazon Bay Iron Sands - New Britain Gold/Copper - New Ireland Gold/Copper
Experienced Board and management team - project development, exploration and community relations.
Foyson Resources LimitedF
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Foyson Tenements
Titan MetalsLimited
• EL 1642 Atui• EL 1640
• ELA 1638 Legusulum• ELA 1645 Palabong• ELA 1818 Mussau Island• ELA 1639 Tanga Island• ELA 1663 Manus Island
• EL 1628 Poi• EL 1637 Domara• EL 1625 Golden Peak
Titan MinesLimited
50% plus 50% Option 100%
• EL 1396• EL 1623• ELA 2149
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Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development
PNG Mining Conference December 2012foyson...abundant harvest
To maximise the potential for value creation, Foyson will focus on 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
Tenement RationalizationF
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PNG Project Locations
PAPUA NEW GUINEA
140o 142o 144o 146o 148o 150o 152o 154o 156o
140o 142o 144o 146o 148o 150o 152o 154o 156o
2o
4o
6o
8o
10o
12o
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Proximity to World Class Mining ProjectsLorengau
Kavieng
Namatanai
Rabaul
Hoskins
Kimbe
Kandrian
Kieta
Alotau
Popondetta
Port Moresby
Kembra
Daru
Lae
YonkiChimbu
Goroka
Wau
Mt HagenWabagTabubil
Wewak
Vanimo
Madang
FRIEDA
OK TEDI
PORGERA RAMUYANDERRA
KAINANTU
TOLUKUMA
HIDDENVALEY
WAFI-GOLPU
SINIVIT
SOLWARA
LIHIR
SIMBERI
WOODLARK
MISIMA
KM
0 100 200
New Britain
Bougainville
New Ireland
GOLDEN PEAK
POI
AMAZON BAY
ATUINORTH NEW BRITAIN
PALABONG
TANGALEGUSULUM
MUSSAUMANUS
DOMARA
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PNG Mining Conference December 2012foyson...abundant harvest
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 Pacific Inc -Strategic Investment Partner
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TVI Investment in Foyson
MainlandAmazon Bay Project New Britain New Ireland
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Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development
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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 Iron SandsF
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Amazon Bay Processing
Australia
PNG
CHINA
PHILIPPINES
AMAZON BAY
HONG KONG
BATANGAS
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Follow up of exploration from 1970’s;
Geophysical and diamond drilling program completed CY 2012;
Confirmed major copper porphyry target;
102 metres of 0.13% copper and 57ppm molybdenum;
Assessment of CY 2012 program to determine follow up drilling for CY 2013;
Strong community support established.
New Britain Gold/CopperF
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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;
New Ireland Gold/CopperF
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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.
Partnering ApproachF
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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 ActivitiesF
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Current Land Owner Assistance ActivitiesF
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Educa*on Current Education ActivitiesF
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AWARDED PHILIPPINES’ “BEST OF THE BEST” – ENVIRONMENT AND SAFETYMultiple, 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)
Our Partner - TVI Pacific F
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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 Sustainable Community Development
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TVI - Leader in Environmental Management
Biodiversity50% of mining area remains in original habitat condition
Watershed ManagementMore than 30 locations subject to daily, weekly and quarterly water quality monitoring
Reclamation and RehabilitationMore than 300,000 trees have been planted since 2004 covering 144 hectares
Tailings ManagementFour tailings storage facilities constructed with three undergoing reclamation
Monitoring ProgramsMonitoring by third-party professionals completed on weekly, quarterly and annual basis
Research ProgramsOnsite research and studiesfor passive wetland acid mine treatment using indigenous plants
Tailings Management
Four tailings storage facilities constructed with three undergoing reclamation
Monitoring Programs
Monitoring by third-party professionals completed on weekly, quarterly and annual basis
Research Programs
Onsite research and studies for passive wetland acid mine treatment using indigenous plants
Biodiversity
50% of mining area remains in original habitat condition
Watershed Management
More than 30 locations subject to daily, weekly and quarterly water quality monitoring
Reclamation and Rehabilitation
More than 300,000 trees have been planted since 2004 covering 144 hectares (356 acres) within and outside MPSA
Tailings Management
Four tailings storage facilities constructed with three undergoing reclamation
Monitoring Programs
Monitoring by third-party professionals completed on weekly, quarterly and annual basis
Research Programs
Onsite research and studies for passive wetland acid mine treatment using indigenous plants
Biodiversity
50% of mining area remains in original habitat condition
Watershed Management
More than 30 locations subject to daily, weekly and quarterly water quality monitoring
Reclamation and Rehabilitation
More than 300,000 trees have been planted since 2004 covering 144 hectares (356 acres) within and outside MPSA
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Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development
PNG Mining Conference December 2012foyson...abundant harvest
For
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Strategy for Creating Shareholder Value May 2012Partnering Strategy for Resource Development
PNG Mining Conference December 2012foyson...abundant harvest
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.
SummaryF
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