Vault Minerals Limited · ASX:VAU
Vault Minerals — Q3 FY2023 Earnings Presentation
17 slides from Vault Minerals's earnings presentation, Apr 27, 2023
Slide 1: March 2023 Quarterly Results Investor Presentation
For personal use only March 2023 Quarterly Results Investor Presentation Mark Williams (MD), Patrick Duffy (CFO), Richard Hay (COO), Mat Collings (Corp Dev) 27 April 2023 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves For personal use only ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “
Slide 3: Red 5 Asset Overview
Red 5 Asset Overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine For personal use only KOTH Summary Mineral Resource5 4.75Moz 2H FY2023 Production6 90-105koz Ore Reserve5 2.7Moz Indicative Production2 >200k
Slide 4: March Quarter Highlights – 17,550 ounces produced in March
March Quarter Highlights – 17,550 ounces produced in March ● 0 LTI’s and 6 RWI’s recorded during the quarter For personal use only ● 40,867oz of gold produced for March Quarter ● March Quarter AISC of $2,055/oz ● $23.4m cash and bullion on hand (31 March) ● $14.7m debt repayment made in March ● $90m
Slide 5: March Quarter Production Overview
March Quarter Production Overview Acceleration of KOTH gold production ramp up, For personal use only ● Quarterly KOTH Gold Production and Feed Grade with 40,867 ounces of gold produced in March Quarter at an average feed grade of 1.32g/t 50,000 1.40 ● Production impacted by lower plant utilisation
Slide 6: KOTH OP operations now mining on the main ore body
KOTH OP operations now mining on the main ore body Stage 1 KOTH Open Pit Ore Reserve ● Open pit mining is now well Model - Contained Ounces by RL For personal use only established on the 5225mRL bench level RL HG LG 5295 ● The increasing ore tonnage and grade 5285 forecast from the open pit is 5275
Slide 7: Mining performance for March 2022 Quarter
Mining performance for March 2022 Quarter KOTH OP high grade ore increased in Q3 ● KOTH open pit high grade ore tonnes lifted as the For personal use only mine progressed through the granodiorite contact 600 1.40 500 1.20 in the high-grade 5225 bench Ore Grade (g/t) 1.00 400 Improvement projects in
Slide 8: Corporate & Financial
Corporate & Financial ● Cash and bullion decreased by $2.4m for the Cash and Bullion Reconciliation A$m For personal use only quarter Cash and bullion – 31 December 2022 26.0 ● March was first cash flow positive month for KOTH Sales receipts net of hedging 102.9 Operating costs including royalties (
Slide 9: Guidance Maintained for H2 FY23
Guidance Maintained for H2 FY23 ● Guidance for the second half of FY23 For personal use only is maintained at 90-105koz of gold produced ● Q4 grade forecasts and processing plans support this via (what level of detail in how we move from 41koz to at least 50koz this quarter?) ● FY24 production and c
Slide 10: Standout Value Opportunity
Standout Value Opportunity ● Red 5 EV/Reserve relative to its 1,800 For personal use only peers Bellevue ● Valuation of WA based-gold 1,500 companies1 Capricorn Bubble size = Enterprise Value Ramelius EV / Reserve (A$/oz) 1,200 ● ● The KOTH Gold Mine positions Red 5 as an emerging mid-tier 900 Austr
Slide 11: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 12: Appendicies
For personal use only Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 12
Slide 13: Investment Highlights
Investment Highlights King of the Hills KOTH Processing Hub For personal use only • Mineral Resource of 4.75 Moz1 • Lowest cost plant in the • Ore Reserve of 2.7 Moz1 Leonora district • Open pit and underground • 4.7mtpa processing capacity, mines expanding to 5.5mtpa3 • ~15 year mine life1 • ~200ko
Slide 14: Red 5 Limited – Corporate Profile
Red 5 Limited – Corporate Profile Our Company Vision For personal use only “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 15: KOTH Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 For personal use only Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 1,330 1.2 50 Indicated 0.4-1.0 OP+UG 72,880 1.4 3,250 Inferred 0.4-1.0
Slide 16: KOTH Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 For personal use only Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz) KOTH Open pit 0.4 Probable 63.3 1.2 2.4 KOTH Underground 1.3 Probable 2.8 2.0 0.2 Rainbow Open pit 0.4 Pr
Slide 17: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 17