Tinka Resources

Primary ticker: TSXV & BVL: TK, OTCQB: TKRFF
Stage of development: Exploration, Development
Primary minerals: Zinc, Silver, Tin, Copper, Gold
Project to promote: Ayawilca Zinc-Silver Project
Project location: Peru
Website: www.tinkaresources.com

Tinka Resources is an exploration and development company focused on its flagship Ayawilca Zinc-Silver project in central Peru. Ayawilca is one of the world’s largest undeveloped zinc projects with an estimated mineral resource of 3.0Blbs Zn (indicated), 5.7Blbs Zn (inferred), 10.3Moz Ag (indicated), 30.7Moz Ag (inferred), 87Mlbs Pb (indicated), 370Mlbs Pb (inferred).
A current 11,000m drill program has identifying a high-grade zone with intercepts of 145m at 11% zinc including 29.3m at 20.2% zinc, and 39m at 20% zinc including 10.4m at 42% zinc at South Ayawilca. The high-grade zinc zone will likely change the value proposition of the project and how the deposit will be mined.

Cash: CAD 15M
Debt: NIL

Major shareholders:
Buenaventura – 19%
Nexa Resources – 18%
Sentient – 19%
Commodity Discovery Fund – 7%
Other institutions – 7%
Management Ownership – 3%

Financials

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 meeting with investors interested in base metal exploration and development projects in South America. Ayawilca is a large and well known zinc deposit and and we are keen to talk about the successful 2022-2023 drill program which has produced some spectacular results.

What recent news would you like to highlight to investors attending?

Great drill results at South Ayawilca identifying a more vertical high-grade zone with intercepts of 145m at 11% zinc including 29.3m at 20.2% zinc, and 39m at 20% zinc including 10.4m at 42% zinc.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Finish up 11,000m drill program for zinc, silver, tin on Ayawilca South and West

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, silver, tin, 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?

1. Awarded No.1 status among Top 100 JSE-Listed Companies in 2020.
2. World leader in large-scale gold tailings retreatment.
3. 16 years’ uninterrupted dividend payments.