Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Investor Presentation (May 2019)
24 slides from Vault Minerals's investor presentation, May 6, 2019
Slide 1: King of the Hills: dawn of a new era
For personal use only King of the Hills: dawn of a new era Investor Presentation, May 2019 Mark Williams, Managing Director ASX Code: RED
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High-Grade Drilling Results Confirm Potential for Resource Extensions For personal use
Slide 3: Red 5 – Corporate Summary
Red 5 – Corporate Summary For personal use only Share Price Issued Shares Market Cap Kevin Dundo Chairman (at 1/5/19) (undiluted) (at 1/5/19) Mark Williams Managing Director A$0.11 1,243.2M A$136.8M Ian Macpherson Non-executive Director Colin Loosemore Non-executive Director Enterprise Value
Slide 4: Eastern Goldfields Operations
Eastern Goldfields Operations For personal use only June 2019 Quarter guidance of 27-31Koz at AISC of A$1,300-$1,450/oz1 Flexible mining strategy to accommodate multiple underground ore bodies, including “right-sizing” mining equipment KOTH ramp-up completed to original 400Ktpa target in Decem
Slide 5: A strong track-record of achievement
Red 5 – A strong track-record of achievement… For personal use only October 2017 • Assumed operational control of Darlot and KOTH gold mines December 2017 • Initial Ore Reserve estimate for Darlot of 131Koz January 2018 • Mining operations commenced at KOTH • Confirmation of new high-grade discovery
Slide 6: Darlot Oval – Exploration success in H1 2018
Darlot Oval – Exploration success in H1 2018 Oval Probable Ore Reserve by Level as at June 2018 For personal use only Level Tonnes Grade g/t Au Contained Gold oz OV738 58,604 7.08 13,347 OV723 72,276 8.22 19,210 OV707 35,878 8.25 9,518 Upper Oval West 167,208 7.83 42,075 OV690 31,607 5.00 5,084 OV67
Slide 7: Darlot – A strong history and an exciting future
Darlot – A strong history and an exciting future For personal use only Celebrated 30 years of continuous gold production in November 2018 – total production of 2.8 million ounces of contained gold Lords Extension Target delivering promising early results: CAX0049 5.1m at 2.1g/t Au from 429.1
Slide 8: KOTH - Initial 1.9Moz Resource unlocks opportunity
KOTH - Initial 1.9Moz Resource unlocks opportunity For personal use only Initial Mineral Resource estimate completed for the newly-identified Eastern Margin Contact at the King of the Hills (KOTH) gold mine, located adjacent to existing mining areas: Indicated and Inferred Resource of 28.7Mt at
Slide 9: 1.9Moz Resource at +5000oz per vertical metre
1.9Moz Resource at +5000oz per vertical metre For personal use only The endowment under the north pit is 5,000 oz/vm, and under the south pit 6,000 oz/vm If the south endowment keeps going, the combined endowment would potentially be 11,000 oz/vm Drilling north along the contact returned full length
Slide 10: Mineralisation – Open in all directions
Mineralisation – Open in all directions For personal use only Still to be defined by drilling Still to be defined by drilling Depth of granodiorite/ultramafic contact still to be determined 10
Slide 11: What's different about Red 5's approach?
What’s different about Red 5’s approach? For personal use only Lemonwood bulk stope development face Baelor development face grading 9.24g/t targeting grading 10.14g/t with almost no major veins gold in major veining (mined to ~1.5m width) visible Baelor is the type of narrow, high-grade vein that w
Slide 12: KOTH Next Steps – Explore the Contact
KOTH Next Steps – Explore the Contact For personal use only Red 5 has been investigating the bulk mining opportunity in three phases with overlapping time frames: Explore near-mine Strategic Review Explore along contact Near-mine exploration aimed at upgrading initial 1.9Moz bulk mining Re
Slide 13: Bulk Underground Emerging from Contact Exploration
Bulk Underground Emerging from Contact Exploration North East Bulk Mining Area (mined in red, planned in orange) For personal use only Location of North East bulk mining area W4950 bulk mining area – 165Kt @ 3.2g/t First bulk stope (Lemonwood – 31,778t @ 3.35g/t) discovered in September 2018 and f
Slide 14: KOTH Next Steps – Evaluate a stand-alone operation
KOTH Next Steps – Evaluate a stand-alone operation A KOTH stand-alone project potentially comprises four components, subject For personal use only to successful studies: Build a 2-4Mtpa processing plant at KOTH Develop a large open pit at KOTH Expand the existing underground to supply early
Slide 15: KOTH Next Steps – A great place to build a plant
KOTH Next Steps – A great place to build a plant For personal use only Stand-alone Processing Plant Study GR Engineering Services engaged to complete a study to evaluate the suitability, cost and next steps required to construct a new stand-alone processing plant at KOTH Existing Assets and Infras
Slide 16: Next Steps - 13,300m regional RC drill program
Next Steps - 13,300m regional RC drill program For personal use only Regional exploration underway to test potential open pit ore sources to supply early mill feed for a stand-alone KOTH processing facility A1 Drilling will focus on areas of known gold mineralisation partly drilled by previous o
Slide 17: 13,300m regional RC drill program – south of KOTH
13,300m regional RC drill program – south of KOTH Cavalier - Historical drilling delineated a For personal use only 200m long and 80m wide zone of mineralisation hosted in sheared basalt and east-dipping quartz veins associated with carbonate alteration Puzzles - Interpretation suggests B1 chara
Slide 18: 13,300m regional RC drill program – north of KOTH
13,300m regional RC drill program – north of KOTH Eclipse and Cerebus - Mineralisation appears to be For personal use only open along strike to north-west and at depth 11m @ 4.2g/t Au from 21m (Hole USC0032) 5m @ 5.8g/t Au from 42m (Hole USC0056) A1 6m @ 4.96g/t Au from 34m (Hole USC0166)
Slide 19: Future – Explore along contact
Future – Explore along contact For personal use only Exploration aimed at increasing the Resource in total tonnage and potentially grade Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host gold mineralisation outside the existing mine area
Slide 20: KOTH in Perspective - Australia's Top Gold Deposits
KOTH in Perspective - Australia’s Top 20 Gold Deposits Resources Reserves For personal use only Mt g/t Moz Mt g/t Moz Cadia Newcrest 3175 0.4 37.6 1480 0.5 22.5 Boddington Newmont 928 0.6 18.6 574 0.7 12.4 Initial Golden Mile (100%) Newmont/Barrick 273 1.3 11.7 193 1.2 7.3 Mineral Granny Smith Goldf
Slide 21: Siana Gold Project, Philippines
Siana Gold Project, Philippines Red 5’s Philippine affiliated company, Greenstone Resources has For personal use only received government approval to construct and operate a new Tailings Storage Facility Previous delays in receiving this approvals resulted in the decision to suspend Siana mining
Slide 22: Red 5 – New Mines, Not Old Mines
Red 5 – New Mines, Not Old Mines For personal use only Commanding 365km2 footprint in the highly-endowed Leonora-Leinster gold district – Darlot, King of the Hills and Ockerburry Hill Darlot exploration is delivering broad mineralised intercepts at grades equal to or possibly better than the bes
Slide 23: Appendix: Australia's Top Gold Deposits
Appendix: Australia’s Top 20 Gold Deposits Resources Reserves Resources Reserves For personal use only Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest Lake Cowal Evolution Measured Indicated 33.0 3090.0 0.30 0.37 0.3 Proven 36.5 Probable 1480.0 0.47 22.5 Measured Indicated 46.5 174.9 0.69
Slide 24: Thank-you
For personal use only Thank-you 24 ASX Code: RED