Vault Minerals Limited · ASX:VAU
Vault Minerals — Investor Presentation (November 2024)
26 slides from Vault Minerals's investor presentation, Nov 11, 2024
Slide 1: Delivering today, Developing for tomorrow, Discovering for the future
For personal use only Delivering today Developing for tomorrow Discovering for the future November 2024 www.vaultminerals.com
Slide 2: Important Notice and Disclaimer
VAULT MINERALS | 2 Important Notice and Disclaimer Investor Presentation For personal use only Vault Minerals has prepared this investor presentation based on information available to it at the time of preparing the presentation. No representation or warranty, express or implied, is made as to the f
Slide 3: A Leading Intermediate Gold Producer Primed to Create Meaningful Growth
VAULT MINERALS | 3 A Leading Intermediate Gold Producer Primed to Create Meaningful Growth For personal use only Extensive, established infrastructure across the Diversified, intermediate gold business, TODAY, portfolio removes the cost, complexity and underpinned by a strategic long-life asset in t
Slide 4: Balanced, Diverse Portfolio in Established Mining Jurisdictions
VAULT MINERALS | 4 Balanced, Diverse Portfolio in Established Mining Jurisdictions1 Sugar Zone (Ontario) FY25 Gold Sales For personal use only Reserves (P&P) ▪ 1.9Mt at 5.2 g/t for 325 koz Au Guidance 22% Resource (M&I+I) ▪ 4.8Mt at 8.2 g/t for 1,278 koz Au 390 – 430 54% koz 1 Leonora (Western Austr
Slide 5: Corporate Overview
VAULT MINERALS | 5 Corporate Overview Vault Minerals Limited (ASX: VAU) Board of Directors Share price (8 November 2024) A$0.355 Russell Clark Luke Tonkin Andrea Sutton Rebecca Prain For personal use only 12-month trading range A$0.27 - A$0.50 Non-Executive Chair Managing Director & Non-Executive Di
Slide 6: Track Record of Growth through Discovery, Mine Building and M&A
VAULT MINERALS | 6 Track Record of Growth through Discovery, Mine Building and M&A Driven by discovery, mine building and M&A For personal use only Mount Monger Deflector Sugar Zone Leonora Darlot Gold Price [RHS] Silver Lake Silver Lake & Red 5 acquires 11.9% MOE (June 2024) 4,000 shareholding in C
Slide 7: Valuations decoupled from fundamentals - back the neglected, not the selected
VAULT MINERALS | 7 Valuations decoupled from fundamentals - back the neglected, not the selected Market and production scale with a platform to deliver returns For personal use only Enterprise Value (A$M) FY25G Production (koz Au)1 Average daily trading liquidity2 1,725 $15m $11m 1,002 Intermediate
Slide 8: Financial Flexibility to Maximise Value of a Long-Life Natural Resources Business
VAULT MINERALS | 8 Financial Flexibility to Maximise Value of a Long-Life Natural Resources Business Sector leading net cash balance (A$M)1 ▪ Capital structure simplified post For personal use only transaction with repayment of debt 979 & sale of treasury shares 828 Peer leading balance sheet 523 ▪
Slide 9: Demonstrated Integration Momentum
VAULT MINERALS | 9 Demonstrated Integration Momentum A clear and focused strategy post implementation First 140 days For personal use only Strong finish to FY24 maintained to start FY25 Maiden group Mineral Resource (12.3moz) and Ore Release of maiden merged group sales, with a solid Q1 and well pos
Slide 10: FY2025 Guidance and Outlook
VAULT MINERALS | 10 FY2025 Guidance and Outlook FY25 Guidance: Key Elements For personal use only CONSOLIDATED GROUP 1 Leonora 2 Deflector 3 Mount Monger Gold sales (‘000 ounces) 390 – 430 210 – 230 95 – 105 85 – 95 All-in sustaining cost (AISC) (A$ per ounce) A$2,250 – A$2,450 A$2,100 – A$2,300 A$2
Slide 11: Q1 FY25 – First quarter in the Vault
VAULT MINERALS | 11 Q1 FY251 – First quarter in the Vault For personal use only Production, costs consistent with guidance ▪ First full quarter for the merged group, with production of 97,493 ounces gold and sales of 102,529 ounces gold at an AISC of A$2,231 per ounce Cash and Bullion movement (Q1 F
Slide 12: Leonora – Strategic, Long-life Asset
VAULT MINERALS | 12 1 Leonora – Strategic, Long-life Asset For personal use only King of the Hill’s processing facility is the largest, lowest cost and most scalable processing hub in the prolific Leonora district Current operating configuration is in its infancy, first production June 2022 with FY2
Slide 13: KOTH Open Pit – Optimise Operating Plan
VAULT MINERALS | 13 KOTH Open Pit – Optimise Operating Plan → Improve Productivities and Costs 2024 Mineral Resource pit shell For personal use only Ore Reserve contains 1.65 million ounces through to 2034 ▪ ~10-year base case mine life and core area of Silver Lake due diligence ▪ Relatively shallow
Slide 14: KOTH Mill – Largest, lowest cost & scalable mill in a prolific gold district
VAULT MINERALS | 14 KOTH Mill – Largest, lowest cost & scalable mill in a prolific gold district KOTH throughput rates demonstrate potential through consistency & optimisation Demonstrated a rapid ramp up with the operation being mill For personal use only constrained post mid 2023 Avg. Daily Throug
Slide 15: KOTH Exploration – Step Change In Underground Growth Drilling
VAULT MINERALS | 15 KOTH Exploration – Step Change In Underground Growth Drilling KOTH LOM extension immediately beyond known mineralisation Step change in metres For personal use only ▪ Recent drilling focused on grade control with limited exploration beyond known mineralisation ▪ Material increase
Slide 16: Deflector – Consistent Operational Delivery and Free Cash Flow Generation
VAULT MINERALS | 16 2 Deflector – Consistent Operational Delivery and Free Cash Flow Generation Deflector FY25 mine schedule v ore reserve LOM Investment has delivered volume growth and returns For personal use only ▪ Post acquisition period of operational consolidation and introduction of systems a
Slide 17: Mount Monger – Walking the Talk on Margins Over Ounces
VAULT MINERALS | 17 3 Mount Monger – Walking the Talk on Margins Over Ounces Sustained period of baseload open pit to supplement undergrounds Sustained baseload allows prioritising cashflow and value over For personal use only ounces Underground Tonnes Mined (kt) Open Pit Tonnes Mined (kt) Milled To
Slide 18: Sugar Zone – Drilling and infrastructure has reset the foundations
VAULT MINERALS | 18 Sugar Zone – Drilling and infrastructure has reset the foundations Sugar Zone long section showing Sugar South and Middle Zone results1 93,000 metre drill program completed in FY24 delivers step change in ore body knowledge For personal use only ▪ Mineral Resources and Ore Reserv
Slide 19: A Clear Plan to Execute Over the Coming Months
VAULT MINERALS | 19 A Clear Plan to Execute Over the Coming 12 Months For personal use only Plant optimisation study at King of the Hills to Harvest free cash flow at Deflector in yield phase reflect scale and strategic position of the operation Introduction of new mine front to reduce glide Increas
Slide 20: Ore Reserve & Mineral Resource Statements – Appendix A
For personal use only Ore Reserve & Mineral Resource Statements Appendix A
Slide 21: Ore Reserves as at June 2024
VAULT MINERALS | 21 Ore Reserves as at 30 June 2024 Gold Proved Ore Reserves Probable Ore Reserves Total Ore Reserves Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) For personal use only Leonora Operatio
Slide 22: Mineral Resources as at June 2024
VAULT MINERALS | 22 Mineral Resources as at 30 June 2024 Gold Measured Mineral Resources Indicated Mineral Resources Inferred Mineral Resources Total Mineral Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '00
Slide 23: Peer Comparison & Relative Benchmarking Information – Appendix B
For personal use only Peer Comparison & Relative Benchmarking Information Appendix B
Slide 24: Production
VAULT MINERALS | 24 Production Company Production Period of Production Source File (Announcement Date) Bellevue Gold Limited 173 koz Au FY2025 gold production guidance Quarterly Activities Report (21 October 2024) For personal use only Capricorn Metals Ltd 115 koz Au FY2025 gold production guidance
Slide 25: Net Cash / (Debt)
VAULT MINERALS | 25 Net Cash / (Debt) Company Cash Bullion Adjustments Total Cash & Bullion Debt Net Cash / (Debt) Source File (Announcement Date) 1 Bellevue Gold Limited 150 21 - 172 213 (41) Quarterly Activities Report (21 October 2024) For personal use only 2 Capricorn Metals Ltd 127 18 200 345 5
Slide 26: LTM Mill Throughput and Processing Cost
VAULT MINERALS | 26 LTM Mill Throughput and Processing Cost Project Company LTM Throughput (kt) LTM Processing Cost (A$M) Implied Unit Cost (A$/t Processed) Source File (Announcement Date) 1 Carosue Dam Northern Star Resources Limited 3,893 $99 $25 September 2024 Quarterly Activities Report (24 Octo
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