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Page 1: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

ASX: TON

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Page 2: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

This document contains forward-looking statements. These statements relate to future events orour future financial performance. Their accuracy is dependent on known and unknown risks,uncertainties and other factors that may cause our or our industry’s actual results, levels ofactivity, performance or achievements to be materially different from any future results, levels ofy p y yactivity, performance or achievements expressly or implicitly predicted by the forward-lookingstatements. In some cases, you can identify forward-looking statements by terminology such as“may,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,”or the negative of such terms or other comparable terminology. These statements are onlyg p gy ypredictions. Actual events or results may differ materially. In evaluating these statements, youshould specifically consider various factors, including the risks outlined herein, which may causeour actual results to differ materially from any forward-looking statement. Although we believe thatthe expectations reflected in the forward-looking statements are reasonable, we cannot guaranteeg gfuture results, levels of activity, performance or achievements. Moreover, neither we nor any otherperson assumes responsibility for the accuracy and completeness of the forward-lookingstatements. We are under no duty to update any of the forward-looking statements after the dateof this document in order to conform such statements to actual results, whether such results arebased on new information or otherwise.Competent Persons StatementThe information in this presentation that relates to Exploration Results is based on information compiled by MarcusWillson, who is a Member and a Registered Professional Geoscientist (Exploration) of the Australian Institute ofGeoscientists. Marcus Willson is the Managing Director and a full-time employee of the company, and has sufficientexperience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking toqualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of ExplorationResults, Mineral Resources and Ore Reserves’. Marcus Willson consents to the inclusion in the report of the mattersbased on his information in the form and context in which it appears.For

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Page 3: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

One of the largest prospective gold positions in the Albany-Fraser province of Western Australiay pPotential for early gold production, low cost risk to decision

Commencing Scoping study to assess WindarraCommencing Scoping study to assess Windarra TailingsPotential opportunity for positive cashflowpp y p

Innovative exploration techniques – competitive advantageWell-balanced portfolio of projectsp p jAlbany-Fraser projects (located within the same mineral belt as the >5Moz Tropicana deposit) is an immediate focus for explorationNew story in the public arena; established in 2006

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Page 4: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Raised $6.5M, including $1.5M in oversubscriptionsCommenced trading on ASX on 14 August 2009 ~81.2M shares on issue*

~48M Tradeable

~33.4M options*

16M T d bl~16M Tradeable

~$18.0M market capitalisation (@ 22c; undiluted)(@ 22c; undiluted)

$6.2M Cash at Bank#

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#As at Aug 31st, 2009 * At time of listing (Aug 14, 2009)

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Page 5: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

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Page 6: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Alliance withAlliance with Teck LtdOne of largestOne of largest land positions behind AngloGold Ashanti & I d dIndependence GroupCore focus forCore focus for exploration

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Page 7: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Senior ex-Placer Dome exploration managementP hi t i t k d iProven historic track record in excess of 15Moz combined gold discovery*gold discoveryUnique technical expertiseTeam attracted opportunity atTeam attracted opportunity at WindarraStrategic alliances, Teck

Greg Hall, John Loney, Marcus Willson, Trevor OsborneStrategic alliances, Teck Cominco

7* Not associated with Triton Gold Ltd

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Page 8: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Marcus Willson (MD - Co-founder)Former head exploration West & South Australia (Placer Dome), international experience, involved in Wallaby, Sunrise Dam, Keringal, Las Cristinas, Jubilee.

John Loney (Non-exec Chairman)John Loney (Non exec Chairman)Formerly VP Risk Management & Assurance and CFO within the Placer Dome group. Brings wealth of international financial & corporate governance experience.

David Singleton (Non exec Director)David Singleton (Non-exec Director)Current CEO of Poseidon Nickel, former CEO Clough Ltd & Alenia Marconi Systems.

Trevor Osborne (Non-exec Director)Mr Osborne invented and successfully developed an innovative power generating technology that was marketed in 69 countries. Currently involved in implementation of innovative gold extraction technologies.

Greg Hall (Non-executive Director – Co-Founder)Former Chief Geologist Placer Dome Inc, directly involved in discovery of Yandi Iron Ore deposit, Granny Smith, etc.

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Page 9: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Salmon Gums Railway 1928

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Page 10: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

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Page 11: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Triton Gold LtdSalmon Gums Soil Au

Anglogold-Ashanti Australia LtdTropicana Soil AuSalmon Gums Soil Au Tropicana Soil Au

Peak value: 236ppb

Peak value: 31ppb

Peak value:

Images at same scale

179.6ppb

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Page 12: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Lady Penrhyn

Lignite Good Calorific

Comparison to known

SiriusComparison to known

nearby resources

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Page 13: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

AngloGold – Ashanti LtdTROPICANA schematic cross-section

Modified from Doyle, M., 2007, Tropicanagold deposit: Geology and exploration.AngloGold Ashanti Ltd. Proterozoicmineralisation in Western Australiaconference. Australian Institute ofGeoscientists Western Australian Branchunpublished abstract

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Page 14: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Inferred white mica Al-OH wavelengthAngloGold-Ashanti Ltd g2190nm (muscovite)2200nm2205nm2205nm (phengite)

AngloGold-Ashanti LtdTROPICANA Schematic Cross - Section

4m @ 0.1g/t Au4m @ 0.1g/t Au

1m @ 1 0g/t Au1m @ 1 0g/t Au

100m

1m @ 1.0g/t Au3m @ 0.6g/t Au

Shear

Zon

e

100m

1m @ 1.0g/t Au3m @ 0.6g/t Au

TransportedCompletely oxidised

>0.5g/t Au

>0.01g/t Au

TransportedCompletely oxidised

13m @ 2.3g/t Au

SaprockSaprock Modified from Doyle, M., 2007, Tropicana gold deposit: Geology and exploration. AngloGold Ashanti Ltd. Proterozoicmineralisation in Western Australia conference. Australian Institute of Geoscientists Western Australian Branch unpublishedabstract

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Page 16: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

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Page 17: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

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Page 18: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

High-grade gold mineralisationHigh-grade gold mineralisation intersected at Sunday

4m @ 16.68 g/t from 108-112m

Proof of concept using integrated geochemistry

Encouragement to further explore the identified alteration system

Earn-in JV with Hannan’s Reward (up to 72% in gold rights)

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Page 19: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Priorit Gold TargetsPriority Gold Targets

2055 Drill holes- 37 holes reported to be assayed for gold

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Page 20: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

560m

600600m

Gold Tailings#

Nickel Tailings#

518m

160m

•Windarra Nickel Metallurgical Summary 1981 – 1995. Source: McMahon, B & Bryans, C., 1993, Tailings Dam Resource Potential, WMC internal report.# Tailings cells used dominantly to receive these products, but there is some level of uncertainty surrounding the distribution of gold and nickel tails within the entire dam facility which is to be determined through ongoing work of drilling and sampling Refer to above report

WINDARRA TAILINGSentire dam facility which is to be determined through ongoing work of drilling and sampling. Refer to above report.

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Page 21: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Tintina Gold Belt, 1200km long metallogenic province stretching from Northern British Columbia to SW Alaska

Hosts major gold deposits (Pogo, Fort Knox, etc) and remains a prime area for gold exploration

Under explored, potential for more discoveries

Region of Klondike Gold RushgFor

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Page 22: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Strong mid-t j t istage project in

Eastern AlaskaHigh grade rockHigh-grade rock chips with peak value of 1450g/tvalue of 1450g/t AuCoherent areas of >1g/t gold in soilsHigh grade intersections

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Page 23: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Discovery ZoneZone

Au-As soilsoil anomaly

• Au in soil anomaly of >50ppb extends approximately 3Km NW-SE and 1Km E-W

Only 16 Diamond Drill Holes in Discovery Zone and 6 in RS Zone

• Most drilled in sub-optimal orientation

SE and 1Km E W• Peak Au in soil value of 10 g/t

Most drilled in sub optimal orientation relative to defined structural orientation• Many previously un-sampled intervalsF

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Page 24: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Salmon GumsFi t il h i t d fi d l f ld i il liFirst pass soil geochemistry defined large areas of gold in soil anomalismEarly stage positive drilling results compare favourably with soils resultsFavourable comparison to early stage AngloGold-Ashanti Australia Ltd Tropicana Lignite results to be used for possible JV leverageg p g

Fraser Range NorthInitial drilling positive, soil samples have defined ‘Drill Ready Targets’Other areas of early stage anomalism requiring further investigationOther areas of early stage anomalism requiring further investigation

SundayStrong validation of exploration model

WindarraUnder explored for gold in world-class Laverton gold districtTailings asset with potential for near-term production and low cost risk to decisionTailings asset with potential for near term production and low cost risk to decision

Tushtena, AlaskaStrong mid-stage project with high-grade rock chips and high-grade diamond drilling intersections in early drillingintersections in early drillingResults appear to support world-class mineral system potential

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Page 25: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Quality peopleQuality peopleHighly experienced, competent and successful team

Defined growth strategyDefined growth strategyHighly prospective districtsDisciplined approachCutting-edge IPCutting-edge IP

ProjectsAlbany-Fraser (Salmon Gums and Fraser Range North) – Drill readyAlbany Fraser (Salmon Gums and Fraser Range North) Drill ready targets in emerging province, large scale un-tested soil anomaliesWindarra – under-explored for gold in world-class district

Tailings asset – potential for near-term productiong p pSunday – HGV target with high-grade drill intersectionsTushtena – mid-stage project with significant high-grade results

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Page 26: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

September 2009September 2009Currently Drilling Fraser Range NorthCommencement of Windarra Tailings Scoping StudyCommencement of Windarra Tailings Scoping Study

October 2009R lt f i d illi th F RResults from aircore drilling on the Fraser Range North

November 2009Results from Tailings Dam drilling

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Page 27: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Marcus WillsonMarcus WillsonManaging Director+61 89215 422261 89215 [email protected]

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Page 28: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

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Page 29: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Two Potential Target Models

• Drilling to date shows potential for “Bulk Tonnage T t”Target”• Potential for “High Grade Lode Target” exists where the Itra Fault intersects the Discovery Thrust Zone at depth

S h i i h i diff b b lk d hi h d l dp

Hole TypeHistorically Reported Intercept                                  

(1986 and 2000) Resample Intercept (2008)

Schematic image showing difference between bulk tonnage targets and high grade lode targets

yp ( ) p p ( )AR‐4 DD 9ft @ 5.83g/t Au (from 120ft (36m)) 9.5 ft @ 24.57g/t Au (from 120ft (36m))AR‐7 DD 4ft @ 0.95g/t Au (from 168ft (51m)) 4ft @ 2.19g/t Au (from 168ft (51m))AR‐9 DD 5.7ft @ 7.01g/t Au (from 32.3ft (10m)) 5ft @ 15.22g/t Au (from 33ft (10.5m))

AR‐00‐006 DD 4.9ft @ 73.84g/t Au (from 176.3ft (53.7m)) 6ft @ 49.55g/t Au (from 174ft (53m))AR‐00‐006 DD No sample 7ft @ 7.02g/t Au (from 553ft (168.5m))F

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Page 30: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Alteration MappingBenefits

361,

000

mE

359,

000

mE

360,

000

mE

7,022,000 mN

356,

000

mE

357,

000

mE

358,

000

mE

Target area associated with hydrothermal

gradient and structural• Better defines vectors to ore

• Objective measurement of alteration & mineralisation potential

7,021,000 mN

gradient and structural position

p• Proximal vs distal alteration/

mineralisation• Defines drill targets

7,020,000 mN

g• Chemical gradients• Temperature gradients• Fluid pathways

7,019,000 mN

p y

• Better decision making:• Good vs bad projects (prospectivity)

• Regional projects

7,018,000 mN

7,017,000 mN

Alteration Mineral

ChloriteDefault ColourDickiteIntermediate Wavelength Sericite • Regional projects

• Project assessment (acquisition)• ‘Walk’ / ‘Don’t walk’ decision points

• Prioritisation of exploration 7,016,000 mN

KaoliniteLong Wavelength SericiteSericite DickiteSericite KaoliniteShort Wavelength Sericite

Alteration Assemblage

Long w avelength sericite

Sericite + kaolinite • Prioritisation of exploration expenditure

• More cost effective exploration7,015,000 mN

0 200 400

metres

800 Scale 1:30,000

Tenement boundary

Chlorite

500 f t contour

Creek

metres

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Page 31: ASX: TON For personal use only · John Loney (NonJohn Loney (Non ... Quality peopleQuality people ... • Proximal vs distal alteration/ mineralisation • Defines drill tar gets

Technical Scott Halley (Embedded Consultant – Co-Founder)

Former Chief Geochemist Placer Dome Inc, directly involved in discovery of Raleigh, Henty Key person in development of Technical IP Close working relationship with Mineral Deposit Research Unit UBC & CODES (U.Tas)

Carl Young (Chief Geologist)Research fellow (Melbourne Uni) within Placer Dome Asia Pacific (gold mineralisation & alteration studies))Extensive industry experience in gold, base and industrial metals

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