Vault Minerals Limited · ASX:VAU

Vault Minerals — Red 5 — Investor Presentation (January 2020)

27 slides from Vault Minerals's investor presentation, Jan 29, 2020

  1. Slide 1: Investor Presentation January 2020

    For personal use only Investor Presentation January 2020 ASX Code: RED Mark Williams, Managing Director

  2. Slide 2: Competent Person's Statement and Disclaimer

    Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements; “Red 5 commences significant drilling program to unlock large-scale bulk

  3. Slide 3: Red 5 Limited – corporate profile

    Red 5 Limited – corporate profile For personal use only Our Company Vision “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh

  4. Slide 4: Red 5 growth pathway and optionality

    Red 5 growth pathway and optionality For personal use only Acquired Darlot & King of the Hills Ongoing mining and processing operations at Darlot Darlot Reserve Darlot Reserve1 Darlot Reserve1 (131koz) (307koz) (337koz) 2017 2018 2019 2020 Siana operations KOTH KOTH Resource KOTH Resource suspended

  5. Slide 5: Pathway to be a multi-asset, mid-tier gold producer

    Pathway to be a multi-asset, mid-tier gold producer For personal use only KING OF DARLOT THE HILLS STRONGER FY 2019/2020 Australia’s next BALANCE 110-120kozpa production premier gold SHEET project  Successful integration of two  Open Pit Reserve of ~1.5Moz  Cash/bullion A$26.6M at Dec 2019 “unlov

  6. Slide 6: Strong leadership team with operating expertise

    Strong leadership team with operating expertise For personal use only Red 5 has a strong and capable team, with many years of mining and development experience at both Red 5 and in prior multi-billion international development projects – the Company is well placed to deliver the future KOTH developm

  7. Slide 7: Darlot – operating asset

    For personal use only Darlot – operating asset 7

  8. Slide 8: Eastern Goldfields operations

    Eastern Goldfields operations For personal use only  FY2020 guidance of 110‐120koz at an AISC of A$1,350 – A$1,500/oz  Sept 2019 Quarter production 28,649oz at AISC of A$1,476/oz  Dec 2019 Quarter production 23,346oz at AISC of A$1,628/oz  Mar 2020 Quarter guidance 25,000-29,000oz at AISC of A$1

  9. Slide 9: Darlot opportunity to extend LOM

    Darlot opportunity to extend LOM Significant endowment (30 June 2019)1 For personal use only  Reserve 1.7Mt @ 3.7g/t Au for 201koz (complemented by KOTH trucked ore)  Resource 7.4Mt @ 4.4g/t Au for 1.04Moz Optimising what we have  Extension of existing resources, including identification of minea

  10. Slide 10: King of the Hills – unlocking value for shareholders

    For personal use only King of the Hills – unlocking value for shareholders 10

  11. Slide 11: Potential to be a major Australian gold mine

    KOTH - potential to be a major Australian gold mine For personal use only 11

  12. Slide 12: 3.1Moz Resource at KOTH will continue to grow

    3.1Moz Resource at KOTH will continue to grow For personal use only Total Open Pit & Underground KOTH Resource as at May 2019 Cut-off Mining Tonnes Gold Contained Gold  Cut-off date for inclusion of Classification drilling data and mining (g/t) Method (000t) (g/t) (000oz) depletion as at 14 Februar

  13. Slide 13: 1.45Moz Reserve from open pit mining

    KOTH – 1.45Moz Reserve from open pit mining For personal use only Cut- Gold Contained JORC 2012 Mining Tonnes Deposit off Grade Gold Classification Method (Mt) (g/t) (g/t) (koz) King of the Hills Probable 0.43 Open pit 36.0 1.25 1,448.0 Rainbow Probable 0.37 Open pit 1.4 1.00 44.2 TOTAL 37.4 1.24 1,

  14. Slide 14: FY2020 drill program - 131,000 metres

    FY2020 drill program - 131,000 metres  KOTH Underground Resource development & grade control For personal use only two underground diamond drill rigs +85,000 metres  KOTH Regional Resource development one surface reverse circulation drill rig +25,000 metres  Darlot Underground Resource developmen

  15. Slide 15: Mineralisation open in all directions

    KOTH - mineralisation open in all directions For personal use only First hole to demonstrate the tension veins along the contact to the north of Lemonwood returned full length-of- White Walker hole composite assays of:  330m @ 1.7g/t Au, incl. 14.9m @ 7.6g/t Au from 70.5m Follow-up drilling south a

  16. Slide 16: New structural corridor identified

    KOTH – new structural corridor identified For personal use only  This new target is beginning to look very promising for significant bulk tonnage  Located south of the Lemonwood area and north of the Eastern Flanks historically mined  The target area represents the down-dip extensions along the O

  17. Slide 17: Sources of potential resource addition

    KOTH – Sources of potential resource addition OPEN PIT UPSIDE – IN THE FEASIBILITY STUDY U/G UPSIDE – IN THE FEASIBILITY STUDY For personal use only  Reappraisal of top cuts for existing Resource to be  A number of new underground targets covered in consistent with underground reconciliations and

  18. Slide 18: Historic drill core assay program

    KOTH - Historic drill core assay program For personal use only Assaying highlights include:  3.0m @ 13.3g/t Au  1.4m @ 30g/t Au  16.0m @ 2.6g/t Au  7.0m @ 5.0g/t Au  3.0m @ 16.8g/t Au  15.4m @ 2.6g/t Au  2.8m @ 14.4g/t Au  1.0m @ 39.9g/t Au  14.1m @ 5.2g/t Au  10.0m @ 3.6g/t Au  4.5m @ 7.

  19. Slide 19: Final Feasibility Study on track

    KOTH Final Feasibility Study on track For personal use only  Geotechnical and metallurgical drilling to be completed in February  Sites selected for major plant and earthworks, designs advanced  Locations of historical low-grade stockpiles identified  Flora and Fauna, cultural heritage surveys l

  20. Slide 20: Final Feasibility Study indicative schedule

    KOTH Final Feasibility Study indicative schedule* For personal use only * Subject to satisfactory completion of each milestone and all Board and Regulatory approvals Feb-20 JunQ-20 SepQ-20 Drilling cut- Resource Jun-20 FFS off for FFS Update Mine plan Complete Dec-19 Dec-20 Permitting & Financing* M

  21. Slide 21: 1.45Moz Reserve based on conservative modelling

    1.45Moz Reserve based on conservative modelling For personal use only Gold  Pit optimisation ran for a series Revenue Rock Waste Strip Ore Gold Price Grade of pit shells using a Revenue Factor 1 Mt Mt Ratio Mt (Moz) A$/oz Factor (RF) 1.00 = A$1,800/oz 0.60 1,080 99.9 85.2 5.78 14.7 1.65 0.78  A$1,

  22. Slide 22: Positive metrics for bulk open pit mining

    KOTH - Positive metrics for bulk open pit mining For personal use only Pre-feasibility study KOTH OP Rainbow OP TotalPhoto LOM Waste movement (Mt) 222.4 6.1 228.4 LOM Ore Mined (Mt) 36 1.4 37.4 Contained Gold (Moz) 1.45 0.04 1.49 Recovery (%) 92.8 92.0 92.8 Recovered Gold (Moz) 1.34 0.04 1.38 Strip

  23. Slide 23: First two elements of KOTH Project in place

    First two elements of KOTH Project in place For personal use only Next steps… KOTH u/g: Satellite open  Underground drill program to deliver 1.1Moz pits: 44koz underground Ore Reserve Resource Reserve so far  Regional surface drilling program to deliver additional satellite open pit Ore Reserves 

  24. Slide 24: Future development to explore along contact

    KOTH - future development to 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 of

  25. Slide 25: Siana Gold Project, Philippines

    Siana Gold Project, Philippines For personal use only  The Siana Gold Mine, owned by Philippine affiliated company Greenstone Resources, suspended mine operations in April 2017  Maintaining mill and pit dewatering to preserve value  Greenstone Resources is now evaluating its preferred plan and op

  26. Slide 26: Red 5 – an emerging WA gold producer

    Red 5 – an emerging WA gold producer For personal use only  Red 5 has two flagship mine assets in the Eastern Goldfields, both with strong potential for growth  Darlot is delivering steady operating cash flows that are enabling the development of the KOTH Expansion Project  The KOTH Feasibility S

  27. Slide 27: Thank-you

    For personal use only Thank-you 27 ASX Code: RED

Red 5 — Investor Presentation (January 2020) on 6ix