Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Astute Metals NL — TZMI Congress 2023
18 slides from Venari Minerals Nl's conference presentation, Nov 16, 2023
Slide 1: Investor Presentation – TZMI Congress 2023
16 November 2023 INVESTOR PRESENTATION – TZMI CONGRESS 2023 Astute Metals NL (ASX: ASE, “Astute” or “the Company”) is pleased to advise that its General Manager for Exploration, Mr. Matthew Healy, will be presenting today at the TZMI Congress 2023, which is to be held at the ParkRoyal Collection, Si
Slide 2: Governor Broome Heavy Mineral Sands Project Market Update
For personal use only GOVERNOR BROOME Heavy mineral sands project Market Update ASX: ASE November 2023
Slide 3: Disclaimer and Forward-Looking Statement
DISCLAIMER AND FORWARD-LOOKING STATEMENT IMPORTANT NOTICE & DISCLAIMER The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Astute Metals NL (‘Astute’ or ‘the Company’) and its objectives. Readers should make their own indepe
Slide 4: Project Highlights
PROJECT HIGHLIGHTS STRATEGIC LOCAtion For personal use only • Western Australia - World-class Resources Jurisdiction • 176km2 of tenure in the Southwest WA Mineral Sands district • Trucking proximity to Mineral Sands processing plants • Electrical infrastructure on Project with sealed road access Jo
Slide 5: Governor Broome Location
GOVERNOR BROOME LOCATION For personal use only Location • World-class resources jurisdiction of Western Australia • 95km from Busselton by road in Southwest Mineral Sands district Established Infrastructure • 105km from Iluka Processing Plant – Capel • 135km from Doral Australia Processing Plant – P
Slide 6: Governor Broome Geology
GOVERNOR BROOME GEOLOGY For personal use only Governor Broome Deposits • The upper Warren Sands unit contains economic HM at its base • The lower Beenup Beds unit contains 1% to 9% VHM in its top few metres, which consists of clayey sands • Mineralisation is continuous between the West and North Dep
Slide 7: Mineral Resources
GOVERNOR BROOME MINERAL RESOURCES For personal use only Recent MRE Update – incorporating Q2 infill drilling results 6
Slide 8: High-Value Mineralogy
For personal use only HIGH-VALUE MINERALOGY *N/A = Leucoxene and Monazite not determined in mineral assemblage testwork for some Mineral Resource domains 7
Slide 9: Processing
Bulk Sample Wet and Dry plant testwork undertaken: PROCESSING • Governor Broome West (2.6 ton, June 2021) • Jack Track (2 ton, August 2023) For personal use only Heavy Mineral Concentrate successfully produced in a Wet Concentrator from Governor Broome and Jack Track deposits using conventional WCP
Slide 10: Product Quality - Ilmenite
PRODUCT QUALITY - ILMENITE For personal use only Governor Broome Primary Ilmenite Governor Broome and Jack Track Sec. Ilmenite • Favorably low U+Th, Cr and V • Suitable TiO2 for Chloride pigment classification • Acceptable Fe2+/Fe3+ ratio • Other impurities at acceptable levels Jack Track Combined I
Slide 11: Product Quality - Zircon
PRODUCT QUALITY - ZIRCON Governor Broome Zircon • Relatively low U+Th For personal use only • Moderate Al2O3 • Meets Premium specification for ceramics and foundry application Jack Track Zircon • Zircon <66% • Iron and TiO2 within acceptable thresholds for Standard Grade ceramics and foundry applica
Slide 12: Product Quality - Rutile
PRODUCT QUALITY - RUTILE For personal use only Jack Track Rutile • Low impurities – Ca, Mg, P, S • Meets Premium specification for direct Chloride pigment use • Fine fraction slightly above threshold for welding application, however likely remains suitable at a slight (5%) price discount 11
Slide 13: Exploration Potential
EXPLORATION POTENTIAL For personal use only Two key areas of exploration potential • Follow-up of previous air-core drilling conducted in 2012 • Drilling Intersected Heavy Minerals associated with a radiometric anomaly but no samples assayed • Second area along strike from Fouracres Deposit 12
Slide 14: Astute Metals – A Comparison
ASTUTE METALS – A COMPARISON Contained HM in Enterprise Enterprise Value/t HM Company Status JORC Meas+Ind Value Nov 2023 Comments For personal use only (A$) Resources (Mt) (A$M) Sheffield Resources HM in Resources reflect 50% Production 92.5 $ 212.10 $ 2.29 (ASX: SFX) ownership of Thunderbird Diatr
Slide 15: De-Risked High-Value Asset
GOVERNOR BROOME DE-RISKED HIGH-VALUE ASSET For personal use only Location Mineralogy Performance In the heart of the South West High-value quality-of-life Conventional WCP methods WA Mineral Sands district, commodities zircon and produced heavy mineral within trucking distance to titanium minerals i
Slide 16: Previous Announcements and Competent Person Statement
Previous Announcements Competent Person Statement The information contained within this presentation that relate to exploration The information in this presentation as it relates to Mineral results of Astro have been extracted from the following ASX announcements Resources and Exploration Results fo
Slide 17: Appendix Data Sources
Appendix 1 Data Sources The information concerning resource data for other companies contained within the presentation slide titled “Astute Metals – A Comparison” has been For personal use only sourced from the following announcements: ASX Ticker Company Project(s) Region(s) Announcement/ Source Dat
Slide 18: Contacts
For personal use only GOVERNOR BROOME Heavy mineral sands project Market Update Contacts Tony Leibowitz Matt Healy Nicholas Read Executive Chairman GM Exploration Media & Investor Relations tleibowitz@astutemetals.com mhealy@astutemetals.com nicholas@readcorporate.com.au +61 (0) 410 687 910 +61 (0)