Slide 1: Rich Vanadium Oxide: A Major Project with a Key Difference at Youanmi
VENUS METALS CORPORATION LTD For personal use only RICH VANADIUM OXIDE A MAJOR PROJECT with A KEY DIFFERENCE at YOUANMI Barry Fehlberg Exploration Director
Slide 2: Cautionary Statements & Disclaimer
CAUTIONARY STATEMENTS & DISCLAIMER This Presentation has been prepared by Venus Metals Corporation Limited ACN 123 250 582 (“Venus”) (ASX: VMC) for the purpose of providing an overview of its current prospects and development strategy to recipients. The information in this presentation is current as
Slide 3: Board of Directors and Management Team
VENUS METALS CORPORATION LTD BOARD OF DIRECTORS For personal use only A track record of discoveries and corporate success Alan Birchmore Non-Executive Chairman Barry Fehlberg Exploration Director AO, FAICD. Extensive international management experience in resource BSc (Honours), MAusIMM. Geologist w
Slide 4: Corporate Summary
VENUS METALS CORPORATION LTD CORPORATE SUMMARY For personal use only Issued Shares (ASX: VMC): 87,181,359 Listed Options (ASX: VMCOA): 57,037,722 Market Cap: Approx.$17 million (as at 24/10/18) Top 20 Shareholders: 44.71% (as at 24/10/18) Source https://www.marketindex.com.au/asx/vmc as at 24/10/201
Slide 5: Vanadium Forward Outlook
VENUS METALS CORPORATION LTD VANADIUM FORWARD OUTLOOK For personal use only • A great commodity to be in • China’s vanadium production flat • Vanadium Recovery from secondary sources forecast no growth • New vanadium mines have long lead times to production • Demand of the miracle new age metal fore
Slide 6: Tenement Background at Youanmi
VENUS METALS CORPORATION LTD TENEMENT BACKGROUND AT For personal use only YOUANMI 1. Venus has major tenement control of Youanmi greenstone belt and surrounding areas. 2. RICH SOUTHERN CROSS VANADIUM OXIDE DEPOSIT is 90% owned by Venus. 3. The 1.2million ounce Youanmi Gold Mine resource (under optio
Slide 7: Youanmi – The Project with a Difference
VENUS METALS CORPORATION LTD RICH VANADIUM OXIDE For personal use only YOUANMI – THE PROJECT WITH A DIFFERENCE 1. The JORC 2012 inferred oxide resource is 110 million tonnes grading 0.3% V2O5 (Refer ASX release 6 February 2015) 2. Youanmi oxide ore different to all others – high vanadium, low iron,
Slide 8: Southern Cross Deposit
VENUS METALS CORPORATION LTD RICH VANADIUM OXIDE For personal use only SOUTHERN CROSS DEPOSIT 1. Inferred Oxide Resource occurs over a zone 3.5km long and up to 400m wide. 2. Magnetic highs correlate with a high grade vanadium core zone. 3. Vanadium supergene enrichment occurs within completely weat
Slide 9: Why the Deposit is Different
VENUS METALS CORPORATION LTD RICH VANADIUM OXIDE For personal use only WHY THE DEPOSIT IS DIFFERENT 1. Vanadium mineralization occurs within magnetite grains. 2. Balance of rock is coarse grained feldspar containing no vanadium. Saprolitic clay zone in PQ Diamond drill core 3. Feldspar weathers comp
Slide 10: Southern Cross Deposit Cross Section
VENUS METALS CORPORATION LTD SOUTHERN CROSS DEPOSIT For personal use only Cross Section A‐A’ Looking West RICH VANADIUM OXIDE Metallurgical Composite Note: YD1 = YMDD01 (Diamond Hole) A20 = AGRYOU20 (RC Hole) Refer ASX announcement dated 16/10/2018 Page 9
Slide 11: Metallurgical Test Results
VENUS METALS CORPORATION LTD METALLURGICAL TEST RESULTS RICH VANADIUM OXIDE • METS Engineering Group, pre‐eminent leaders in For personal use only vanadium extraction engaged for all test work and scoping studies. BENEFICIATION STUDIES 1. Rich vanadium oxide ore can be significantly beneficiated wit
Slide 12: Scoping Study Advancement
VENUS METALS CORPORATION LTD SCOPING STUDY ADVANCEMENT For personal use only Work has commenced by METS and is aiming for end November 2018 report The work includes • Literature review • Infrastructure • Process Design Criteria • Process Flowsheets • Mass and Energy balance • Equipment list • CAPEX
Slide 13: The Vanadium Holy Grail for Venus
VENUS METALS CORPORATION LTD RICH VANADIUM OXIDE – THE VANADIUM HOLY GRAIL FOR VENUS • Large tonnages For personal use only • Soft ore – cheap mining • High grading possible • Zero strip ratio – cheap mining • Cheap beneficiation‐no grinding • Successful acid leaching • NO Ex