Critica Limited · ASX:CRI
Critica — Paydirt's 2021 Battery Minerals Conference
33 slides from Critica's conference presentation, Jun 2, 2021
Slide 1: Paydirt's 2021 Battery Minerals Conference
PAYDIRT’S 2021 BATTERY MINERALS CONFERENCE 2 JUNE 2021 ASX : VMS
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT 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
Slide 3: Highlights
Highlights Riley Iron Ore Mine – production imminent with plant commissioning nearing completion; Drilling recommences at the advanced Mount Lindsay Tin- Tungsten Project providing near term exposure to EV Metal and Critical Minerals markets; Chalice has commenced an EM program on ‘Julimar loo
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$139m (@ A$0.105) Shares on Issue 1,324m Enterprise Value A$128m Unlisted Options: 56.0m Cash at 31 March 2021 A$11m 7.5m @ A$0.001, 18.1m @ A$0.052, 19.9m @ A$0.06, 5m @ A$0.077, 1m @ A$0.45, 2m @ A$0.50, 2.5m @ A$0.55 Top 20 Shareholders 24.0
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 7
Slide 8: Riley Iron Ore Mine – Ore Deposit
Riley Iron Ore Mine – Ore Deposit PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 8
Slide 9: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently • Wet Screening Plant commissioning has commenced with; • Equipment commissioning underway, • 100% of the structural steel has been erected, • 100% of the mechanical installation has been completed, • Power Station is now operational with electrical installation and p
Slide 10: Upcoming Milestones and Conclusions for Riley
Upcoming Milestones and Conclusions for Riley Upcoming milestones include: • First ore haulage; • First ore shipment. Conclusions: • Venture first shipment imminent; • Exciting phase for the Company as it looks to move from explorer to producer. PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE
Slide 11: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY TIN-TUNGSTEN PROJECT PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 11
Slide 12: Tin for the future
Tin for the future Tin is an important part of the Fourth Industrial Revolution through solder which is the glue that connects everything that is electronic; Tin is technically diverse and hence is also an important part of the Green Industrial Revolution as this is led by technology as the worl
Slide 13: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin SOLDER MARKET TECHNOLOGY DRIVERS: Electronics miniaturization impact fading, Lead-free conversion has resumed. 5G TO LEAD THE NEW ELECTRONICS ERA: 5G to be the platform for connected future, Two phases of infrastructure build, Real market boo
Slide 14: Could a lack of ESG compliant tin supply affect the pace of energy transition?
“Could a lack of ESG compliant tin supply affect the pace of energy transition?” – Wood Mackenzie PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 14
Slide 15: Tungsten Ore in Mount Lindsay Drill Core
Tungsten Ore in Mount Lindsay Drill Core * Tungsten in Core Results for ML070 which returned a drill intersection of 12 metres @ 1.69%WO3 from 105 metres. Refer to ASX announcement 14 February 2008. PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 15
Slide 16: Tungsten: A Critical Mineral
Tungsten: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability to be substitut
Slide 17: EV Metal and Critical Minerals Demand, time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand, time to re- assess Mount Lindsay EV Metal and Critical Minerals demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay; Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the wo
Slide 18: Mount Lindsay Highlights
Mount Lindsay Highlights Approximately 83,000m of diamond core drilling has been completed on the project by Venture most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; Feasibility Study completed with comprehensive metallurgical test-
Slide 19: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Mount Lindsay Drill Intersections 26 m at 2.5% Tin 18m at 2.2% Tin 12 m at 1.7% WO3 8 m @ 1.4% WO3 Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin. Combined Resources of Measured/Indicated/Inferred: 291,600t of Tin* *Source: MLX
Slide 20: Major EM Survey at Mount Lindsay identifies new targets
Major EM Survey at Mount Lindsay identifies new targets PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 20
Slide 21: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021
Slide 22: Chalice to earn-in on Julimar lookalike in the South West Project
Chalice to earn-in on Julimar lookalike in the South West Project Chalice Mining (ASX:CHN) who recently discovered the new exciting Julimar Ni-Cu-PGE discovery in a new province near Perth, Western Australia has committed to spend up to $3.7M to earn 70% in Venture’s South West Project; Chalice
Slide 23: Chalice kick off JV work on 'Julimar lookalike' target
Chalice kick off JV work on ‘Julimar lookalike’ target Chalice has commenced a ground EM program on Venture’s South West Ni-Cu-PGE Project over selected areas of the ‘Julimar lookalike’ magnetic anomaly (Thor Target) as part of the first stage of the JV earn-in; Chalice to then follow-up resulta
Slide 24: Julimar and South West Projects aeromagnetic signatures of a similar scale
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale * Refer Chalice Gold Mines ASX announcement 21st July 2020 PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 24
Slide 25: Julimar and South West Projects also have EM anomalies of a similar scale
Chalice’s Julimar and Venture’s South West Projects also have EM anomalies of a similar scale * Refer Chalice Gold Mines ASX announcement 22nd September 2020 PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021 Page 25
Slide 26: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021
Slide 27: Initial Exploration Identified Four VMS Prospects
Initial Exploration Identified Four VMS Prospects Vulcan Prospect: Rock chips - 23% Cu, 3.3g/t Au Gossan mapped at surface Vulcan West Prospect: VMS style mineralisation in historic drilling Vulcan North Prospect: Large VMS soil anomaly Ex sulfides mapped at surface Neptune Prospect: Anomalo
Slide 28: Moving Loop EM Survey identifies several new stronger conductors for drill testing
Moving Loop EM Survey identifies several new stronger conductors for drill testing Venture has confirmed that a large (>800m long, 600m down dip) EM Diamond drilling to conductor at Orcus hosts significant target new high VMS mineralisation; intensity EM plates Moving Loop Electromagnetic (MLEM)
Slide 29: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE PAYDIRT BATTERY MINERALS INVESTOR CONFERENCE | 2 JUNE 2021
Slide 30: Kulin – Gold Discovery delivers Drill Ready Targets
Kulin – Gold Discovery delivers Drill Ready Targets Kulin is also located in an emerging Western Australian Gold Province. Kulin is within the South West Terrane of the Yilgarn Archean Craton which already contains several major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd
Slide 31: Trench Results at Kulin Confirm Significant Gold System
Trench Results at Kulin Confirm Significant Gold System A recently completed trenching program over some of the high order gold in soil anomalies at Kulin, has delivered substantial mineralised intervals of up to 31 metres at 1.0g/t gold (Au) from KUT02 and 20 metres @ 0.6g/t Au from KUT04; The
Slide 32: Conclusions
Conclusions Exciting phase for the Venture as it looks to move from explorer to producer with first shipment from Riley; The advanced Mount Lindsay Tin-Tungsten Project is well positioned to the EV Metal and Critical Minerals markets as Tin approaches record price levels; Chalice begins earn-i
Slide 33: Thank You
PAYDIRT’S 2021 BATTERY MINERALS CONFERENCE THANK YOU Please visit us at Booth #9 ASX : VMS