Vantage Metals Limited · ASX:VAN
Vantage Metals — Belararox — Investor Presentation (February 2025)
36 slides from Vantage Metals's investor presentation, February 2025
Slide 1: Investor Presentation & Activity Update
Investor Presentation & Activity Update February 2025 Exploring for Large Copper deposits
Slide 2: Disclaimer
Disclaimer Belararox Limited (”The Company”) does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities to be issued
Slide 3: Corporate Overview
Corporate Overview BOARD OF DIRECTORS CAPITAL STRUCTURE Share Price* A$0.18 52 Week Range $0.125 – 0.37 Shares on Issue 143,964,113 Options expiring 13 July 2026 (66c exercise price ASX:BRXOA) 38,716,761 Mr. Neil Warburton Mr. Arvind Misra Mr. Jason Ward Mr. John Traicos Performance Rights on issue
Slide 4: Investment Highlights - TMT
Investment Highlights - TMT EXPLORING FOR ELEPHANTS IN A LAND OF COPPER GIANTS TMT Project (100% BRX) Proven Track Record Poised to Deliver Significant Growth • Developing the Company’s TMT • Proven exploration team with a • Drilling of multiple large porphyry targets Project in San Juan, Argentina
Slide 5: Peer Performance – Significant Value Creation Upon Discovery
Peer Performance – Significant Value Creation Upon Discovery Recent local discoveries in the northern San Juan region have resulted in significant value creation • The below chart reflects the uplift in market capitalisation of select companies that have made an epithermal and/or porphyry discovery
Slide 6: TMT Project (100% BRX) – San Juan, Argentina
TMT Project (100% BRX) – San Juan, Argentina EXPLORING FOR ELEPHANTS IN A LAND OF COPPER GIANTS Strategically located near major Highly prospective 32,000 hectares copper and gold discoveries such as landholding located in an area Filo del Sol (Lundin), Los Helados boasting large copper porphyry (NG
Slide 7: Two High Priority Targets to be Drilled Tested
Two High Priority Targets to be Drilled Tested Systematic Exploration Tambo North 2 • Target-rich environment • 16 priority targets identified by BRX to date Tambo North Earthworks • Brig SRL to receive 50% of all fees in BRX shares Tambo V • Road access and access to tracks for drilling Malambo 4 p
Slide 8: Tambo South Fieldwork - Drilling Commenced January 2025
Tambo South Fieldwork - Drilling Commenced 19 January 2025 8
Slide 9: Tambo South – Planned Drillholes
Tambo South – Planned Drillholes 2024/25 Drilling Program • 2,600 m of diamond drilling planned in two drill holes. • Targets high probability porphyry system (interpreted from 3D geochemical modelling) within 900m from surface. • Holes will also intersect shallower target interpreted. • Planned hol
Slide 10: Malambo – Drill Road Construction, Magnetics Survey and Fieldwork
Malambo – Drill Road Construction, Magnetics Survey and Fieldwork Complete at Malambo (100% complete at Toro, 09 Jan planned for Tambo South) 10
Slide 11: Malambo – Collar Locations With Hydrothermal Alteration
Malambo – Collar Locations With Hydrothermal Alteration Three Drill Holes are Planned for ~3400m • The location of the third hole (3 or 3*) is dependent on the results of DDH1 and 21 Satellite Oblique-View DDH 1 DDH 1 DDH 2 DDH 3* DDH 2 DDH 3 DDH 3 DDH 3* Note 1: The actual locations of drill pads a
Slide 12: Malambo – Planned Drillholes
Malambo – Planned Drillholes 2024/25 Drilling Program • Drilling to commence 1 February 2025 • 3400m of diamond core drilling planned • 3 drillholes target below outcropping potassic alteration zone • Planned hole depths of 1000m to 1200m • Targets high probability porphyry system within 600m from s
Slide 13: Geochemistry Cohen - Halley Model
GEOCHEMESTRY COHEN - HALLEY MODEL
Slide 14: TMT Project – Lola Target
TMT Project – Lola 2 Target 1 14
Slide 15: TMT Project – Lola Target
TMT Project – Lola 2 Target • Fine-grained diorite, mod. to strong phyllic alteration + high fracture abundance. • Two vein-like structures were observed cross-cutting the diorite: A) Quartz-Carbonate with copper carbonates: Azurite (~1%) + Malachite (~0.3%); B) massive Quartz with Pyrite (~1%). • G
Slide 16: TMT Project - Emilia Vein
TMT Project - Emilia Vein 16
Slide 17: TMT Project - Emilia Vein
TMT Project - Emilia Vein Description Interpreted as a low-medium sulphidation vetiform system distal to a porphyry system. • Quartz Vein Pseudo vuggy filled with Goethite • Outcrop length of 300 meters • Average thickness of 1-2 meters Fluid textures • Strike: 160°/170° • Dip 70° Visual estimates o
Slide 18: Satellite-Supported Spectral Zone of Interest
Satellite-Supported Spectral Zone of Interest Near Tambo South VI-2 Tambo South Spectral zone of interest Panoramic-view, looking west towards the Chile – Argentina border from the Malambo drill access road (approx. 12km field of view). The dashed line approximately outlines the northerly-trending,
Slide 19: TMT Project – Key Activities
TMT Project – Key Activities Maiden Drilling commenced at TMT Project 19-January 2025 CompletedWorks Completed Works CivilWorks Civil Works Targetgeneration Target generation Sep2024 Sep 2024- -Apr Apr2025 2025 Reconnaissance Reconnaissance Reconnaissance Constructdrill Construct drillrig rig Oct202
Slide 20: Investment Highlights - KCB
Investment Highlights - KCB EXPLORING FOR COPPER GIANTS IN THE LAND OF ELEPHANTS KCB Project (100% BRX) Proven Track Record Poised to Deliver Significant Growth • Kalahari Copper Belt project in • Proven exploration team with a • Kalahari Copper Belt has the highest Botswana - A region hosting succe
Slide 21: MOD Resources … a Demonstrable Botswana Copper Success Story
MOD Resources … a Demonstrable Botswana Copper Success Story 1,800% September 2016: Maiden MRE – August 2017: 1,600% 28Mt @ 1.24% Cu MRE Upgrade – 36Mt June 2019: @ 1.14% Cu July 2018: Sandfire announces 1,400% MRE Upgrade – acquisition of MOD (A$167m / March 2016: 60Mt @ 0.98% Cu 45% premium) 1,200
Slide 22: BRX - KCB Project
BRX - KCB Project Asset • Project located in the Kalahari Copper Belt in Botswana • 14 tenements covering 4,268 km2 of land in prospective areas Highlights • The observed structures in areas with known mineralisation extend to BRX tenements • Most tenements along the interpreted N’gwako Pan Formatio
Slide 23: Field Program Underway
Field Program Underway Positive Initial Assessment 2025 Exploration Program Objectives • Promising targets identified in Dr. Jacques Batumike's • Positive community engagement review • Verify regolith mapping interpreted from Aster and • Focus on D'Kar/Ngwako Pan contact and strike extensions Sentin
Slide 24: KCB Project – Key Activities
KCB Project – Key Activities Indicative Timing for KCB Activities Completed Works Mapping and Sampling Exploration Strategy Jan 2025 - Feb 2025 Geophysics & Mapping Aster and Sentinel-2 Apr 2025 – May 2025 Drilling Field reconnaissance Jun 2025 – Dec 2025 regolith mapping Assays & AMT survey on 5 Id
Slide 25: Investment Highlights - Australia
Investment Highlights - Australia Belara Project • Comprehensive tenement package spanning the northern extent of the Hill End Trough. • Drilling intersected several shallow, high-grade zones including: • 7m @2.54% Cu, 2.22 % Zn (from 78m) • 5m @1.19% Cu, 6.8% Zn (from 51m) • Mineral resource estima
Slide 26: Belararox Limited
Belararox Limited Discovering Copper Giants Belararox Limited (ASX:BRX) Arvind Misra Managing Director arvind.misra@belararox.com.au Paul Berson Corporate Storytime paul@corporatestorytime.com www.belararox.com.au This presentation has been authorised for release by the Board of Directors. 26
Slide 27: Competent Person Statements
Competent Person Statements Competent Person Statement Mr Jason Ward is a Competent Person who is a Fellow and Chartered Professional of the Australasian Institute of Mining and The information in this announcement that relates to Belara and Bullabulling exploration results is extracted from ASX Met
Slide 28: Appendix C: JORC (2012) Code Table 1
APPENDIX C: JORC (2012) CODE TABLE 1 The following JORC (2012) Code Table 1 has been prepared for the Tambo South target Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, random chips, or specific • Determination of mineralisation of hand specimens
Slide 29: Sub-sampling techniques and sample preparation
Sub-sampling • If core, whether cut or sawn and whether quarter, half or all core taken. • Not applicable to the current ASX release for the TMT project – no techniques and • If non-core, whether riffled, tube sampled, rotary split, etc and whether ‘Exploration Results’ involving drilling, or their
Slide 30: Data spacing and distribution
• Follow-up on the ground exploration activities, comprised of surface sampling and Anaconda mapping have used hand-held GPS to assist with the physical location of the collected samples. • The location of the samples described in this presentation are: ID easting northing elevation TMTA00154 435016
Slide 31: Orientation of data in relation to geological structure
Orientation of • Whether the orientation of sampling achieves unbiased sampling of possible • The surface sample locations that are in the process of being collected vary data in relation structures and the extent to which this is known, considering the deposit from clusters at outcrops to surface s
Slide 32: Section 2 Reporting of Exploration Results
SECTION 2 REPORTING OF EXPLORATION RESULTS (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral • Type, reference name/number, location and ownership, • The mineral tenures are located in the province of San Juan, Argentina and deta
Slide 33: Geology
in the Garwin (2023) study, and the processed data is included in images within this ASX Release. • Fathom Geophysics processed the data reported Malambo Geophysics into MVI Amplitude, MVI Induced, MVI Remanent datasets. MVI Amplitude figures have been used in this announcement. Geology • Deposit ty
Slide 34: Drill hole Information Data
Mining Corp., 2020): • The Filo del Sol deposit has an estimated Total Mineral Resource of 644Mt @ anaverage grade of 0.31% Cu, 0.32g/t Au, & 10.1 g/t Ag with cut-off grade varying for elements, oxide, sulphide, and AuEq, refer to source document for the cut- off grade (Ausenco Engineering Canada In
Slide 35: Diagrams and Balanced Reporting
(eg ‘down hole length, truewidth not known’). • Geological interpretation is then based on the responses displayed in the imagery against known surface hydrothermal alteration and/or surface geology associated with key mineral deposits. Geological analogues are a useful tool for delineating similar
Slide 36: Further work
conditions) Further work • The nature and scale of planned further work (eg • ‘Further Work’ is covered in the section titled ‘Next Steps’ in the body of the ASX tests for lateralextensions or, depth extensions or Release. large-scale step-out drilling). • Diagrams clearly highlighting the areas of