Critica Limited · ASX:CRI
Critica — Venture Minerals — Investor Presentation (November 2011)
32 slides from Critica's investor presentation, November 2011
Slide 1: Mt Lindsay: Developing into a World Class Tin/Tungsten Deposit
Mt Lindsay Developing into a World Class Tin/Tungsten Deposit November 2011
Slide 2: Presentation Disclaimer
Presentation Disclaimer Forward Looking Statements This presentation may contain certain forward looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corpor
Slide 3: Why Tin? Why Tungsten?
Why Tin? Why Tungsten? PAGE 3 3
Slide 4: Tin / Tungsten Price Performance
Tin / Tungsten Price Performance 250 200 150 Tin Tungsten Average Gold Copper 100 Lead Zinc 50 PAGE 3 0 Slide 4
Slide 5: Mt Lindsay Project Tin / Tungsten - Strategic Metals
Mt Lindsay Project Tin / Tungsten - Strategic Metals Tin Market o Introduction of lead free solder has transformed the tin market o Significant constraints in world tin supply continue o No exploration for quarter of a century – Cash costs >$20,000t o Tin is highly inelastic - substitution unlikel
Slide 6: Tin Production in Indonesia
Tin Production in Indonesia To 2010 ’000 tonnes PAGE 3 ITIR: Tin Annual Review 2011 6
Slide 7: Mt Lindsay Project Tin / Tungsten - Strategic Metals
Mt Lindsay Project Tin / Tungsten - Strategic Metals Tin Market o Introduction of lead free soldier has transformed the tin market o Significant constraints in world tin supply continue o No exploration for quarter of a century - Cash costs >$20,000t o Tin is highly inelastic - substitution unlikely
Slide 8: Tungsten Price
Tungsten Price November 2009 - August 2011 500 450 400 350 Tungsten World Production 2010 Source: Resource Capital Research 300 250 200 Chinese limit APT sales PAGE 3 150 8
Slide 9: Venture Minerals Highlights
Venture Minerals Highlights World-Class Resource Base >120,000 tonnes of Tin/Tungsten metal Exceptional Infrastructure o Power/Road/Rail/Port Vast Exploration Upside o 90% of drill targets yet to be tested Aggressive Explorers o Multiple diamond core rigs on site o $15 million in cash Curr
Slide 10: Key Directors / Management
Key Directors / Management Management team with a wealth of experience, from exploration, through construction, to production Mel Ashton Hamish Halliday Andrew Radonjic Bruce McFadzean Non-Exec Chairman Managing Director Technical Director Non-Exec Director National Director of 15 years of both
Slide 11: The Projects
The Projects Paulsens South Maitland Channel Gawler Craton PAGE 3 Mt Lindsay 11
Slide 12: PAGE 3
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Slide 13: North West Tasmania
North West Tasmania King Island Fast Facts (Tungsten) o World class mineral field o +$13 billion of Tin/Tungsten mined o World Players in Sn / WO3 - China Min Metal Corp - Yunnan Tin Mt Bischoff(Tin) Metals x & Yunnan Tin Savage River (Fe) Jiangsu Shagang 47% Cleveland (Tin) Ex-Aberfoyle PAGE 3 Mt L
Slide 14: Mt Lindsay Project
Mt Lindsay Project Mt Lindsay Deposit PAGE 3 14
Slide 15: Geological Setting
Geological Setting Mt Lindsay Deposit No. 2 Skarn and Main Skarn PAGE 3 Slide 15
Slide 16: High Priority Drill Targets
High Priority Drill Targets Main Skarn High-Grade MacDonald No. 2 Skarn Tin Zone 16m @ 0.5% Sn Eq. 40m @ 0.5% Sn Eq. 25m @ 0.6% Sn Eq. 18m @ 0.9% Sn Eq. No.1 Skarn 42m @ 0.4% Sn Eq. 16m @ 1.6% Sn Eq. 14m @ 0.4% Sn Eq. 14m @ 0.5% Sn Eq. 24m @ 0.4% Sn Eq. 44m @ 1.0% Sn Eq. 42m @ 0.5% Sn Eq. 28m @ 1.7%
Slide 17: Resource Upgrade
Resource Upgrade Lower Cut (Tin Tonnes Tin Equiv. Tin Grade Tungsten Grade Contained Tin Metal Contained Tin/ Tungsten equiv)` Grade (WO3) (tonnes) Metal (tonnes) 0.20% 43Mt 0.4% 0.2% 0.1% 82,000 120,000 0.45% 10Mt 0.7% 0.4% 0.2% 38,000 61,000 Lower Cut Category Tonnes Tin Equiv. Tin Grade Tungsten
Slide 18: Resource Upgrade
Resource Upgrade 120,000 World Wide Undeveloped Tin Deposits (Reference: ITRI Tin Annual Review 2009) 100,000 Venture Minerals Nov 2010 Venture Minerals Mar 2010 80,000 Tin (Sn) contained Venture Minerals Jan 2009 60,000 40,000 20,000 0 PAGE 3 Company 18
Slide 19: Mount Lindsay
‘ Mount Lindsay
Slide 20: Processing flow sheet
MW Tee mcs once ROAD TRAIN To Port CRUSHER BALL MILL ORE STOCKPILE ROM BIN L_| f ss NON MAG TAIL MAGNETIC SEPARATOR MAGNETITE CONCENTRATE | 69% Fe «<> FLOTATION GRA\ SEPARATORS 3 3 CONCENTRATE y m a> CONCENTRATE 65% WO, , To Port | “COO=000 +f TO SMELTERS ——> ROAD TRAIN
Slide 21: Prefeasibility Study (1/03/11)
Prefeasibility Study (1/03/11) Commodity Price Comparisons Upside Case (Spot) Preferred Case Conservative Case (Spot -10%) (Spot -20%) Revenue Life of Mine $1,410m $1,270m $1,130m Net Cash Life of Mine $710m $570m $430m IRR (50% equity, 50% debt) 55% 42% 29% Ave Net Cash per Annum $90m $72m
Slide 22: High Priority Drill Targets
High Priority Drill Targets No. 2 Skarn Main Skarn Combined Resources - Mt Lindsay Project High-Grade MacDonald 43Mt @ 0.4% Tin (Sn) Equiv. (0.20% Cut-off) Tin Zone 10Mt @ 0.7% Tin (Sn) Equiv. (0.45% Cut-off) No.1 Skarn High-Grade Tungsten Zone Waterhouse New Tin Discovery PAGE 3 22
Slide 23: High Priority Drill Targets
High Priority Drill Targets Reward Drill Eastern Skarn +200m Intersections wide skarn intersected 95m @ 0.5% Tin Equiv. 10m @ 1.1% Tin Equiv. 28m @ 0.9% Tin Equiv. 18m @ 0.8% Tin Equiv. PAGE 3 High Grade Targets 23
Slide 24: Regional Exploration Targets
Regional Exploration Targets Contact Creek first drill hole intersected 21m of Mt Lindsay style skarn Webbs Creek 9m @ 0.6% Sn Eqiv. 7.8% WO3 in stream sediment sample 1% Tin in soil 190g/t silver PAGE 3 24
Slide 25: Mt Lindsay Project
Mt Lindsay Project Mt Lindsay Deposit Livingstone DSO Deposit PAGE 3 25
Slide 26: Livingstone DSO Deposit
Livingstone DSO Deposit PAGE 3 26
Slide 27: Livingstone DSO Deposit - Resource & Scoping Study
Livingstone DSO Deposit - Resource & Scoping Study DSO Hematite Resource – 2.2 million tonnes @ 58% Fe (Low Impurities) Resource is shallow, from surface and very consistent in grade Deposit has exceptional access to infrastructure – 2km to a sealed road which accesses existing rail and port f
Slide 28: Mt Lindsay Project
Mt Lindsay Project Mt Lindsay Deposit Livingstone DSO Deposit PAGE 3 Riley Creek DSO Prospect 28
Slide 29: Riley Creek DSO Prospect
Riley Creek DSO Prospect PAGE 3 Slide 29
Slide 30: Indicative Development Schedule
Indicative Development Schedule Mount Lindsay - Magnetite-Tin-Tungsten 2009 2010 2011 2012 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Production & Exploration Phase Pre-feasibility & Feasibility Financing & Construction Cash Flow PAGE 3 Slide 30
Slide 31: Conclusion
Conclusion Venture already has one of the largest undeveloped tin projects in the world We have defined 120,000 tonnes of metal (A$4 billion) from drilling <10% of our targets Fully funded through BFS with A$15m in cash Developing a tin/tungsten project when the market is in deficit and the
Slide 32: www.ventureminerals.com.au
For up to date information please visit our website: www.ventureminerals.com.au
Venture Minerals — Investor Presentation (November 2011) on 6ix