Develop Global Limited · ASX:DVP
Develop Global — Venturex Resources — Resources Rising Stars 2020 Investor Conference
21 slides from Develop Global's conference presentation, Nov 11, 2020
Slide 1: Venturex Resources Investor Webinar
ASX: VXR ASX/Media Release 11 November 2020 Venturex Resources Investor Webinar • Venturex Resources to present at Resources Rising Stars 2020 Investor Conference • Presentation scheduled for Wednesday, 11 November at 2.40pm WST / 5.40pm AEDT Venturex Resources Limited (ASX: VXR) is pleased to advis
Slide 2: Company Presentation
ASX: VXR Company Presentation November 2020 1
Slide 3: Corporate Snapshot – Leadership and Key Financials
Corporate Snapshot – Leadership and Key Financials Board Key Metrics Anthony (Tony) Kiernan Share Price $0.13 Non-Executive Chairman Shares on Issue 382M Anthony Reilly Market Capitalisation $50M CEO/ Executive Director Darren Stralow Non-Executive Director Management Team Top-5 Shareholders % Trevo
Slide 4: Sulphur Springs – Project Summary
Sulphur Springs – Project Summary ● Located in world-class Pilbara district with several mines in the area ● ASX listed Copper developer who is “development ready” ● High Grade 1.4% Cu and 3.6% Zn1 ● DFS October 2018 ● Ministerial Approval May 2020 ● Native Title Mining Agreement ● Initial +10yr min
Slide 5: Development Milestones vs Cu Price Cycle
Development Milestones vs Cu Price Cycle Acquired Panorama Project BFS Underground Mine Mining Proposal DFS VES Open Pit Mining Proposal U/G Approved Ministerial Approval 4
Slide 6: Sulphur Springs – Key Fundamentals
Sulphur Springs – Key Fundamentals Mining Open pit mining – 5 years Methodology Underground mining – 5 years Processing 1.25Mt/annum Plant Capacity Strategy Simple crush, grind, float process Production 15kt/annum Copper in Concentrate Profile 35kt/annum Zinc in Concentrate Tonnes Cu Cu Metal Zn Zn
Slide 7: Sulphur Springs – Public Benefit
Sulphur Springs – Public Benefit Project Relevance Employment Taxes & Royalties Expenditure Project Longevity Copper a stable, $1.5 Billion ~300 full-time +$750M in taxes 10 year initial life highly in demand, project employees (~450 and royalties over of mine with clean energy expenditure in the co
Slide 8: Sulphur Springs – Project Update
Sulphur Springs – Project Update ● Primary Approval received from WA Minister for Environment on 20 May 2020. ● Redesign of Tailings Storage Facility to reduce environmental risk and improve long term containment integrity. ● TSF moved from adjacent Minnieritchie Creek catchment – eliminates post cl
Slide 9: Sulphur Springs – Project Update
Sulphur Springs – Project Update ● Secondary Approvals - Mining Proposals and Part V EP Act Works approval progressing. ● Site Infrastructure – Approved Mining Proposal for construction of site access road; planning accommodation camp and related infrastructure. ● Engineering – finalising proposal a
Slide 10: Sulphur Springs – Resource Extensions
Sulphur Springs – Resource Extensions Sulphur Springs Deposit (long Section; North View) Sulphur Springs Resource 13.8Mt @ 1.5% Cu, 3.8% Zn & 17g/t Ag ● Current extents at approx. 500m (L) x 500m (W) x 20-30m (T). ● Limited and sporadic drilling outside of resource. ● Open at depth and along strike.
Slide 11: Sulphur Springs – Resource Expansion
Sulphur Springs – Resource Expansion Sulphur Springs Deposit Sulphur Springs Deposit (long Section; North View) Sulphur Springs (13.8Mt @ 1.5% Cu, 3.8% Zn & 17g/t Ag) Deeps & Trouser Leg Targets ● Down-plunge extensions to current resources not closed off. ● Multiple High-grade domains open on XA5 T
Slide 12: Exploration – VMS Belt Scale Opportunity
Exploration – VMS Belt Scale Opportunity ● VMS deposits are a major source of global Zn, Cu, Pb, Ag and Au ● Well understood and studied deposit type, formed at or near seafloor in submarine volcanic environments – Defined Drill Targeting ● Global VMS deposits include Supergiant and Giant deposit ty
Slide 13: Exploration – Potential and Scale
Exploration – Potential and Scale ● +27km highly prospective Archaean Panorama Trend ● High grade Cu-Zn +/-Ag Volcanogenic Massive Sulphide (VMS) mineralisation in an under-explored, fertile belt ● +17.3 Mt VMS base metal endowment1 ● Sulphur Springs 13.8Mt @ 1.5% Cu & 3.8% Zn1 ● Kangaroo Caves 3.55
Slide 14: Panorama Trend – VMS Target Pipeline
Panorama Trend – VMS Target Pipeline SULPHUR SPRINGS 13.8Mt @ 3.8% Zn & 1.5% Cu (170 Drillholes @ ~40,000m) West Block EM (NO Drillholes) KANGAROO CAVES 3.55Mt @ 6.0% Zn & 0.8% Cu (94 Drillholes @ ~23,000m) Bledisloe Total 20 Drill holes (~5,000m) BLD001: 13.2m @ 2.1% Zn Breakers BLD004: 0.7m @ 5.7%
Slide 15: Breakers Exploration – Adding significant value
Breakers Exploration – Adding significant value 733,000 mE ● Limited historic drilling beneath Cu-Zn gossan intersected VMS mineralisation, significant intercepts include: ● BKP001: 22m @ 4.16% Zn, 0.94% Pb and 10.3g/t Ag ● BKD002: 8.8m @ 3.25% Zn ● Highly successful 2019 drilling campaign expanded
Slide 16: Panorama Exploration – Geophysics Targets
Panorama Exploration – Geophysics Targets ● Modern geophysics unlocking and identifying new targets ● 10 new EM targets identified in 2017 Xcite Heli-EM Survey ● Drill testing target XA8 intersected low-level Ni-Cr mineralisation ● SSR009 17m @ 0.7% Cr & 0.3% Ni1 ● Follow-up drilling underway 1Refer
Slide 17: Panorama Exploration – 'West Block' Geophysics Targets
Panorama Exploration – ’West Block’ Geophysics Targets ● Several ‘blind’ EM targets in the NW of the project area also identified ● Continuation of prospective ‘Marker Chert’? ● Field mapping and sampling at targets XA10 & XA11 identify highly elevated VMS pathfinder anomalism at ‘Marker Chert’ Cond
Slide 18: Investment Proposition
Investment Proposition ● Copper Thematic – Copper a key commodity and market tightening ● Post COVID global recovery demand ● High component of EV and renewable energy ● Diminishing supply – low discovery rates and declining mining grades ● Sulphur Springs “Development Ready” ● The next Australian g
Slide 19: Important Information and Disclaimer
Important Information and Disclaimer Cautionary Statement The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”). This Presentation is being used as a presenter’s aid with summarised information. See Venturex’s other and periodic discl
Slide 20: Venturex Resources – Inventory and Resources Table
Venturex Resources – Inventory and Resources Table Note. Totals may not balance due to rounding. The resource is reported at a cut-off grade of 0.4% copper and then less than 0.4% copper and greater than or equal to 2% zinc (see ASX release 21 March 2018 & 22 September 2015) 19
Slide 21: Thank you
Thank you Building an Australian Base Metals business. Anthony Reilly Executive Director ASX: VXR Registered Office: Level 2, 91 Havelock Street, West Perth, WA 6005 T: + 61 8 6389 7400 F: + 61 8 9463 7836 anthony.reilly@venturexresources.com www.venturexresources.com 20
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