Tinka Resources
Financials:
Primary ticker: TSXV:TK
Stage of development: Exploration, Development
Primary minerals: Zinc, Tin, Silver, Copper, Gold
Project to promote: Ayawilca
Project location: Peru
Website: www.tinkaresources.com
Tinka Resources is an exploration and development company focused on its flagship Ayawilca Zinc-Tin-Silver project in central Peru. A preliminary economic assessment in 2021 showed that Ayawilca has the potential to be a Top-10 Global zinc producer – it already is one of the world’s largest undeveloped zinc resources. If the adjacent Tin Zone resource can be developed in parallel with the zinc, it has the potential to be a game changer for the project by adding significant tonnage and driving value. Both zinc and tin are fundamental for the green energy revolution – zinc is key to protecting steel in wind turbines and electric cars, while tin is essential in all electrical circuits as solder.
Cash: CAD$15M
Debt: NIL
Major shareholders:
Buenaventura – 19%
Nexa Resources – 18%
Sentient – 19%
Commodity Discovery Fund – 7%
Other institutions – 5%
Management Ownership – 2%
Management Profile
Graham Carman – President, CEO and Director
Dr. Graham Carman, President, CEO and director of Tinka Resources, FAUSIMM, is an exploration geologist and entrepreneur with 30 years world-wide mineral exploration experience in Peru, Australia, and Papua New Guinea. Graham has explored for base metals and gold in Peru for more than 20 years, holding senior positions in mining/exploration companies including Rio Tinto, Savage Resources, Pasminco. Graham joined Tinka as CEO in 2014 and has built a team that turned the Ayawilca project into a major zinc and tin discovery. In 1994, Graham completed a seminal post-graduate geological study on the giant Lihir Island gold deposit, PNG. He is based in Sydney, Australia.
What is your rationale for taking part in 121 Mining Investment?
Tinka is excited to meet investors interested in base metal exploration and development stories in the Americas. Ayawilca is well known for its zinc deposit, but it is not so well known for its tin potential, which we are keen to talk about. The company is in a major drill campaign, and there will be plenty of news flow. We also have an exciting new copper-gold discovery at the Silvia NW project, which we are keen to promote.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Drill results for zinc, tin, copper, silver from Ayawilca
6 Months:
Resource updates
12 Months:
Development news / possible M and A action
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
ESG – we are working hard with local communities at the project level so that we can continue to advance towards development and keep intact our social licence which has been strong for many years. There is some instability in the national government, but mining remains crucial to the Peruvian economy.
What do you think makes your company such a compelling investment?
Great resources and diverse commodities including zinc, tin, silver, copper, gold
Strong team and management
Strategic investments from two competing mining companies
Well cashed up to continue advancing the project
What are the top 3 key investor takeaways?
– Strong base metals project, huge upside for more discoveries for Zinc, Tin, Copper
– Well located in Peru, a mining country, despite recent political challenges
– Cashed up, drilling now with lots of news flow to come