Mission

Troy's mission is to create value for its shareholders while being valued by the communities in which we operate. Our vision to achieve this is to position Troy as a highly profitable mid-tier gold producer with a portfolio of quality long-life assets within prospective regions providing further exploration growth.

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Strategy

In order to achieve our strategic vision of repositioning Troy as a highly profitable mid-tier gold producer with a portfolio of quality long-life assets that provide opportunity for further exploration growth, we have adopted the following corporate strategy:

  • grow annual gold production
  • grow gold reserves
  • create value through strategic acquisitions
  • maintain an aggressive exploration program
  • deliver fast-track project development
  • build a best-practice culture
  • generate strong earnings and cash flow from low cost operations

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Guyana

PROJECT UPDATE

Karouni Project - (Troy 100%)

Recent Quarterly Results

  • In mid–May, Diamond Core drilling with 2 rigs recommenced focused on Resource Infill at the Smarts Underground Inferred Resource. A limited number of assays have been received from the 12 holes completed including: 3m at 6.11g/t gold; 4m at 5.52g/t gold; 2m at 4.05g/t gold and 5m at 2.86g/t gold. Drilling is continuing.

Smarts Deeps Resource Infill Drill Collar Plan

  • Initial brownfields drilling will focus on nearby structures parallel to the Smarts-Hicks Corridor. The first two targets include:
    • coincident magnetic and soil anomalies with a best channel sample of 2m at 3.2g/t gold and reconnaissance RC drill intercept of 3m at 5.08g/t gold; and
    • a structural target that had limited reconnaissance drilling completed by Azimuth that included 2m at 185.66g/t gold; 1m at 12.82g/t gold; 1m at 9.78g/t gold and 1m at 7.08g/t gold.
  • Both targets will be drilled during the September quarter.

Introduction

The Karouni Project formally known as the West Omai Project is centred at 5º37’N and 59º05’W in the central-northern portion of Guyana.  The Project lies approximately 180km south-southwest of Georgetown.  The Karouni Project covers an aggregate area of 113,581 hectares; comprising granted small, medium and large scale tenements west of the Essequibo River

The Karouni Project is dominated by gently undulating terrain at elevations ranging from 50m to 100m above sea level.  The area is drained by a dendritic network of moderately incised small streams and creeks.  The Project area is veneered entirely by tropical lowland forest with the canopy height ranging from approximately 20m to 50m.  Aside from logging tracks, the forest cover has essentially been preserved by very selective logging practices.

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Argentina

PROJECT UPDATE

Argentina Project Generation (Troy 100% through Troy Resources Argentina Ltd)

  • Troy in its search for new projects has an ongoing assessment and evaluation program targeting exploration and development opportunities throughout the country.

Casposo (Troy 100% through Troy Resources Argentina Ltd)

  • 2014-2015 Exploration budget A$5M.
  • Diamond Core rig being commissioned.
  • Airborne Magnetics and Radiometrics survey as well as ground Geophysics - data reprocessing and interpretation in progress.
  • Additional Ground Magnetics and Induced Polarization (IP) survey planned for late in 2014.
  • Prospect evaluation target generation and follow-up field investigation on-going.

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Brazil

PROJECT UPDATE

Brazil Project Generation (Troy 100% through Reinarda Mineração Ltda)

  • Troy in its search for new projects has an ongoing assessment and evaluation program targeting exploration and development opportunities throughout the country.

Andorinhas (Troy 100% through Reinarda Mineração Ltda)

  • Current drilling is focused on depth extensions of the main mineralised lodes at Mamão Underground Mine (M2/Melechete).
  • Two Company owned rigs in operation.

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