Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Investor Presentation (October 2019)
22 slides from Venari Minerals Nl's investor presentation, Oct 29, 2019
Slide 1: Astro advancing strong assets
Astro advancing strong assets 29 October 2019 www.aro.com.au +61 2 8046 2799 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 GPO Box 2733, Sydney NSW 2001, Australia
Slide 2: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Astro Resources NL (Astro) and its objectives. It is not and should not be considered as an offer or invitation to apply for or pur
Slide 3: Astro advancing strong assets
Astro advancing strong assets Astro is advancing a select portfolio of diverse, high quality assets. • We have strong news on three diverse, high quality assets in proven areas of Western Australia and Nevada. • We have the management team in place to advance those assets. • We are applying capital
Slide 4: Promising news on a high-quality portfolio
Promising news on a high-quality portfolio Astro has promising news on three well-defined licences in diverse, proven resource- producing areas. The resulting portfolio reduces both exploration and commodity risk. Governor Broome mineral sands (WA) 2019 studies confirm potential for conventional min
Slide 5: Development record and plan
Development record and plan Astro remains active on its three primary properties, with major advances planned for 2020. 2018 2019 2020 Needles, Nevada Acquisition Reconn Targets IP/Resist Drilling Results 4 Oct 17 2017 April July 2018 Exploration Pending, to guide target further upgrade Governor Bro
Slide 6: Governor Broome overview
Governor Broome overview Astro developing a 100%-owned HM resource (R70/53) in the rich mineral sands corridor of WA’s southwest corner, while holding a JV interest in an adjacent asset (R70/58) • Location. SW of West Australia, 90km south of Busselton, Scott Coastal Plain. • Asset. R70/53 (100% own
Slide 7: Governor Broome deposit details
Governor Broome deposit details GB South Inferred Resource to be upgraded in drilling program scheduled for first quarter 2020, along with west and east extensions to Indicated Resources within GB North Established resource Targeted expansion • JORC resource • Inferred South deposit to established a
Slide 8: TZMI 2019 study findings
TZMI 2019 study findings TMZI re-evaluation study confirms potential for HM concentrate mine from integrated exploitation of North and South deposits TMZI Re-evaluation • September 2019. Economic viability from North and South blocks, despite the South East block being sub-economic • All JORC Code m
Slide 9: Jack Track overview
Jack Track overview Astro committed to co-develop an identified JORC resource, for which Iluka has secured a retention licence. • Location. SW of West Australia, 70km south of Busselton, South River Coastal Plain. • Asset. E70/58 “Jack Track” section (20% owned, Iluka 80%). • Highlights. ‒ Inferred
Slide 10: Needles (Nevada) overview
Needles (Nevada) overview Results pending from drilling tests to secure an exploration target or JORC resource, after positive sampling in historically notable area. Deposits • Location. Nye County, 330 km N of Las Vegas. An Carlin-type Au Epithermal Au/Ag area of rich epithermal gold-silver deposit
Slide 11: Nevada (Needles) detail
Nevada (Needles) detail Exploration by Centric Minerals Management has identified strong prospects for target mineralisation of epithermal gold (± silver and base metals) Acquisition • 4 Oct 17 purchase • Source. Asset identified by Centric Minerals Anomalous gold in Management Pty Ltd geochemistry
Slide 12: Nevada (Needles) confirmation
Nevada (Needles) confirmation Ground geophysics (IP/resistivity) survey conducted by Zonge International confirms gold/silver mineralised veins, alterations and dykes IP/resistivity survey • Work: 6 lines at 400m spacing using • Results at 100m, 200m and 300m below surface all • 2018: confirms stand
Slide 13: Smoke Creek overview
Smoke Creek overview To confirm sub-surface diamonds using HMS plant on paleo-channels that run towards the Argyle diamond mine. • Location. East Kimberley, WA, adjoining the Argyle and Bow River Diamond Mines. • Assets. E80/4120 Lower Smoke Creek, together with Heavy Mineral Separation (HMS) plant
Slide 14: Smoke Creek – alluvial potential
Smoke Creek – alluvial potential An established alluvial diamond field on the shores of Lake Argyle, downstream from the world’s largest deposit of pink diamonds Location • East Kimberley - 190km from Kunnanurra and 25km downstream from the Argyle Diamond Mine Alluvial potential • One of only two dr
Slide 15: Smoke Creek – exploration details
Smoke Creek – exploration details Program of sub-surface pit and drillhole exploration with refurbished HMS plant in established target areas Reconnaissance Target areas Exploration • Principal target the confluence • 1986-2005. • Oct 2016. GPR • 2019-20. Shallow of the Billy Goat and Lower Diamondi
Slide 16: Technical expertise
Technical expertise Stephen Gemell John Doepel Experience Experience • 40 years’ mining experience in Africa, North and • Director and Principal Geologist of Continental South America, Australasia, Asia and Europe, Resource Management Pty Ltd. specialising in mineral property assessment. • Explorati
Slide 17: Technical expertise
Technical expertise Greg Bromley Centric Minerals Management, Consultants Experience Corporate Experience • 40 years exploration and mining in Australia, • Principals in the US and Australia have mining Americas, Asia and Africa, multi-commodity grass exploration experience in Americas, Asia and roo
Slide 18: Management expertise
Management expertise Jacob Khouri Vince Fayad Non-executive Chairman Executive Director, CFO, Company Secretary Experience Experience • Director of Gun Capital Corporate, a strategic • 35 years’ experience in corporate finance, investor and advisory services company. international M&A, accounting an
Slide 19: Past application of funds
Past application of funds Astro has explored a number of tenements over 4 years at a cost of approximately $1.1m, and is now advancing its selected high quality assets. FUNDS RAISED FY 2016 FY 2017 FY 2018 FY2019 Advances received from associated parties 514 - 1,028 312 Interest income - - - 8 Proce
Slide 20: Funding for the next phase
Funding for the next phase To advance its selected properties, Astro currently has $434k in available funds from continued support from its largest shareholder. Available funds at 30 Sept 2019 $’000 Shares issued at 31 Dec 2017 Cash on hand 11 Fully paid ordinary shares (price $0.003 at 5 November 2
Slide 21: Competent Persons
Competent Persons The information in this report that relates to the Needles Property is based on information compiled by Charles Straw, a Director of Centric Minerals Mangement. Mr Straw who is a member of the Australian Institute of Mining and Metallurgy has sufficient experience which is relevant
Slide 22: Further information
Further information Contact Vince Fayad, Company Secretary, admin@aro.com.au or vince.fayad@vfassociates.com.au ASX Announcements See aro.com.au or ASX listing 16 Oct 2019 Review of Governor Broome Project Preliminary Study 30 Sep 2019 Update on Funding 27 Sep 2019 2019 Annual Report 25 Sep 2019 Dri
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