Vital Metals Ltd · ASX:VML
Vital Metals — RIU Explorers Conference 2008
24 slides from Vital Metals's conference presentation, Feb 13, 2008
Slide 1: Presentation - RIU Explorers Conference
13 February 2008 For personal use only Manager Announcements Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000 By ASX Online Dear Sir/Madam Presentation - Vital Metals Ltd – RIU Explorers Conference Please find attached the presentation to be gi
Slide 2: For personal use only
For personal use only
Slide 3: Corporate
Corporate For personal use only • Listed in Nov 2005 • Issued capital • 106m shares • 5.8m listed options expiring Aug ’08 at $0.80 • 8.0m unlisted options • Major Shareholders Consolidated Minerals Ltd 14.2m - 13.4% Stan Macdonald 8.5m - 8.0% Breamlea Pty Ltd 5.9m - 5.6% Rytech Pty Ltd 5.6m - 5.3%
Slide 4: Directors
Directors For personal use only • William (Bill) Ryan Chairman • Andrew (Andy) Haslam - MD/CEO Mining Engineer • D R (Ross) Kennedy Geologist • Colin Hunter Metallurgist • Andrew Simpson Metals Marketing February 08
Slide 5: Vital Metals Project Location
Vital Metals Project Location For personal use only February 08
Slide 6: Tungsten Prices 2004-2007
Tungsten Prices 2004-2007 For personal use only Tungsten (APT) Price Chart $US/MTU $300.00 $250.00 $200.00 $150.00 $100.00 $50.00 $0.00 February 08
Slide 7: Future – Tungsten Price
Future – Tungsten Price For personal use only Summary from GBRM Ltd Tungsten report: • Continued strong global tungsten consumption. • China - curtailed mining. - imposed export quotas. - now significant importer of concentrates & scrap. • No new mine production has been realised. • Forecast for APT
Slide 8: Site
Watershed Site For personal use only February 08
Slide 9: Location Map
Watershed – Location Map For personal use only February 08
Slide 10: Development Plans
Watershed – Development Plans For personal use only • Development study based on output of 4,000 tpa of contained WO3 in concentrates (6% of world market). • Value of production at US$200/mtu circa A$100m pa. • Located 100km from regional centre (Mareeba). • Open cut mine - excellent logistics. • On
Slide 11: Project - Resource
Watershed Project - Resource For personal use only • Initial resource estimate (Indicated/Inferred) - June ’07 - 21.8mt at 0.26% WO3 for 56,000t contained WO3 • Subsequently drilled 129 holes for 16,650 metres • Resource still expanding; now 1600m long and open to north, south, at depth • Resource u
Slide 12: Drill Targets
Watershed – Drill Targets For personal use only • Drilling (May – Dec ‘07) prior to 2007 wet season. • Northern & Southern extension explored. • Close-spaced (10m x 10m) drilling completed in three blocks. • Challenging terrain. • New resource April 2008. February 08
Slide 13: Model – E/W Cross Section
Watershed Model – E/W Cross Section For personal use only February 08
Slide 14: Bulk Sampling
Watershed – Bulk Sampling For personal use only February 08
Slide 15: Project - Metallurgy
Watershed Project - Metallurgy For personal use only • Large scale pilot plant trials in progress. • Metallurgical route - ore sorting + gravity recovery and flotation. • Ore sorting shows high recovery (+ 90%) with rejection of 50% of ROM tonnes. • Gravity tests show spirals/tables as optimal equip
Slide 16: Project - Environmental
Watershed Project - Environmental For personal use only • EIS lodged with Queensland EPA (Jan 08) . • EIS approval will determine timing of start-up – estimated clearance late 2008. • Native Title negotiations well advanced as ILUA. February 08
Slide 17: Infrastructure
Watershed Infrastructure For personal use only • Current access track will upgrade to all-weather road – design complete. • Grid power at 132kV available on Highway (23km) – design / cost underway. • Accommodation village will be 3km north of mine – design in progress. • Personnel will drive in/out
Slide 18: View South
Watershed – View South For personal use only February 08
Slide 19: Timing
Watershed Timing For personal use only • New marketing report (Jan ’08) available on web site. • Preliminary Mining study complete - May 2008. • Metallurgical Flow Sheet – April 2008. • Infrastructure costs (camp, road, power) – June 2008. • Feasibility Study complete – August 2008. • EIS Clearance
Slide 20: View East
Watershed – View East For personal use only February 08
Slide 21: Mt Mulgine – WA (VML earning 70%)
Mt Mulgine – WA (VML earning 70%) For personal use only • Vital earning 70% from GBG for spending $0.75m by Oct 2008. • Currently spent ~ $0.75m. • Extensive, low-grade tungsten and molybdenum mineralisation. • May be stand-alone Mo mine. • Warrants new look. February 08
Slide 22: Mt Mulgine - WA
Mt Mulgine - WA For personal use only • Extensively drilled by multiple explorers (1965/85). • Very large target. • Resources (non-JORC Compliant). • Hill deposit: 5.09mt @ 0.24% WO3. • Trench deposit: 84mt @ 0.14% WO3, 0.045% Mo from surface – open to SW, NE and at depth. • Vital seeking extensions
Slide 23: Vital Summary
Vital Summary For personal use only Corporate Currently $7.5 million in bank. Watershed • New resource due. • Complete ore sorting/metallurgy test work. • Meet with international buyers. • Finalise feasibility – August 2008. Mt Mulgine • Results of current drill program. February 08
Slide 24: For personal use only
For personal use only www.vitalmetals.com.au February 08