Velocity Minerals Ltd. · TSXV:VLC
Velocity Minerals — Investor Presentation (December 2021)
18 slides from Velocity Minerals's investor presentation, December 2021
Slide 1: Building a Multi-Asset Gold Production Profile
Building a Multi- Asset Gold Production Profile TSX-V: VLC OTCQB: VLCJF Frankfurt: VMSP DECEMBER 2021
Slide 2: Forward Looking & Cautionary Statements
Forward Looking & Cautionary Statements Forward Looking and Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including th
Slide 3: Building a Multi-Asset Gold Production Profile
Building a Multi-Asset Gold Production Profile ‘Hub & Spoke’ Bulgarian Partner Rozino Project Pipeline of Projects, Two Significant Bulgaria Development with Existing Gold Prefeasibility Project Generation Corporate Strategy Processing Plant Study1 and Applications Shareholders Open pit mining of Op
Slide 4: ‘Hub & Spoke’ Development Strategy
‘Hub & Spoke’ Development Strategy OPEN PIT MINING OF SATELLITE DEPOSITS & PROCESSING IN A CENTRAL PLANT Staged open pit mining of satellite deposits On-site flotation plant to produce concentrate Trucking of concentrate on existing roads Further processing in existing off-site processing plant Gold
Slide 5: Two Corporate Shareholders
Two Corporate Shareholders Dundee Precious Metals (TSX: DPM) Artemis Gold Inc. (TSXV: ARTG) $6.7 million Strategic Investment in November 2020 $13.1 million invested since March 2019 8% ownership in Velocity issued and outstanding shares 32% ownership in Velocity issued and outstanding shares Right
Slide 6: Capital Structure
Capital Structure ISSUED & OUTSTANDING 160,278,919 Share Price (Dec 31, 2021) 52 Week High-Low Warrants 9,300,000 $0.31 $0.61 - $0.305 Options 6,654,000 Last Private Placement Market Capitalization (closed Nov 24, 2020) FULLY DILUTED 176,232,919 $8.9 M $50 M (Dec 31, 2021) ISSUED & OUTSTANDING FULLY
Slide 7: Velocity Projects
Velocity Projects Rozino Project – 40km by Road to Ada Tepe Mine Rozino: 70% interest. Obichnik: 70% interest. Makedontsi: 70% interest. Iglika: 100% interest. Ada Tepe Mine, Dundee Precious Metals Page | 7
Slide 8: Bulgaria – Mining Friendly Jurisdiction
Bulgaria – Mining Friendly Jurisdiction Mining Investment in Bulgaria EU member since 2007, member of NATO since 2004 10% corporate tax rate Mining law established 1999, updated 2011, draft 2020 Mining royalties (0.8 to 4.0%) compare favourably to established mining jurisdictions like Canada, Chile
Slide 9: Existing Processing Plant
BU LG A RIA N OPERAT ING PA RT NER – GORU BSO KA RD ZHA LI A D Existing Processing Plant Shortened Permitting Timelines On-site development at Rozino requires permitting for mining, flotation, and storage of benign waste materials Off-site processing plant permitted and operating Capital Cost Effici
Slide 10: Prefeasibility Highlights (September 2020)
R ROO ZZ II N NOO GOLD PROJECT JOINT VENTURE Prefeasibility1 Highlights (September 2020) After-tax NPV5% After-tax IRR All-in Sustaining Costs US$123 M 27.4% US$755 per oz. Cash Cost Total Estimated Capital Cost Pre-production Capital Cost US$699 per oz. US$94.8 M US$87.1 M Probable Mineral Reserve1
Slide 11: Financial Results and Sensitivities
ROZINO PREFEASIBILIT Y STUDY Financial Results and Sensitivities Financials After-Tax NPV5% Sensitivities After-Tax IRR% After-tax NPV5% of $163 (US$123) million an after-tax IRR of 27.4% (US$M) -25% 46.5% 158 Capital CAPEX Base Case 27.4% 123 +25% 15.3% 77 Total capital costs of US$94.8 million (in
Slide 12: Environment and Community
ROZINO Environment and Community Environmental Monitoring Velocity began a comprehensive environmental assessment and monitoring program in mid-2017 Weather station continuously monitors meteorological conditions Flow parameters of rivers in the area and dynamics of groundwater Weather Station Recyc
Slide 13: Pipeline of Projects and Project Generation Program
Pipeline of Projects and Project Generation Program Rozino Prefeasibility returning an after tax IRR of 27.4% Obichnik Resource estimate Makedontsi Mineralization intersected below thin limestone cover Iglika Strong geochemistry in prospective mineral belt Project Generation and Applications Through
Slide 14: Underexplored Project in Prolific Tethyan Belt
IGLIKA Underexplored Project in Prolific Tethyan Belt Strong Soil and Rock Geochemistry Voden Target – Untested Drill Targets Despite location in prospective porphyry – epithermal belt, the Voden target has never been drilled historically Strong Geochemistry Excellent gold-in-soil anomalies over >1k
Slide 15: Surface Exploration Programs for Drill Target Selection
IGLIKA Surface Exploration Programs for Drill Target Selection Induced Polarization Survey and Ground Magnetic Surveys Induced Polarization Survey (Conductivity) on Eastern Portion of the Iglika Ground Magnetic Survey (Total Magnetic Intensity) on Eastern Portion of the Iglika Project with Target Ar
Slide 16: Management & Board
Management & Board KEITH HENDERSON | CEO, Director MIKE HOFFMAN | Director DARREN MORGANS | CFO 25 years global experience in large range if commodities. 35 years of practice in the mining industry, including Canadian CPA, CA with almost 20 years experience working BSc (Hons) and MSc Geology. engine
Slide 17: Building a Multi-Asset Gold Production Profile
Building a Multi- Asset Gold Production Profile Velocity Minerals Ltd. TSX-V: VLC 890 – 999 West Hastings Street OTCQB: VLCJF Vancouver, BC V6C 2W2 Phone: 604 484 1233 Frankfurt: VMSP E-mail: info@velocityminerals.com DECEMBER 2021
Slide 18: Appendix – Disclosure Notes
Appendix – Disclosure Notes Rozino Project Obichnik Project Prefeasibility Revised Technical Report (effective date September Inferred Mineral Resource Estimate (effective date December 6, 2021) 28, 2020) (1) The selected base case Mineral Resource is reported at a cut-off grade of 0.3 g/t gold. (1)
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