Altoro Metals Limited · ASX:ARO
Altoro Metals — Variscan Mines — Investor Presentation (October 2019)
20 slides from Altoro Metals's investor presentation, October 2019
Slide 1: Acquisition of advanced Zinc projects in Spain
Acquisition of advanced Zinc projects in Spain September – October 2019 Investor Presentation
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this presentation is not an offer of securiti
Slide 3: Focused on discovering a world class MVT zinc deposit
FOCUSED ON DISCOVERING A WORLD CLASS MVT ZINC DEPOSIT NEAR TERM PRODUCTION POTENTIAL & MULTIPLE TARGETS ZINC CONCENTRATE TREATMENT CHARGES ($/t conc) ▪ Variscan Mines has agreed to acquire two advanced zinc projects in Spain. The strategic acquisition: ▪ is transformational and value accretive, and
Slide 4: Transformational deal
TRANSFORMATIONAL DEAL KEY STRENGTHS KEY FACTS Supportive, long-term shareholders: Strategic portfolio of Growth Existing investor support high impact base Opportunities metal projects High-quality Zinc assets in Spain: Former mines with near term production potential Conducting a capital raise: Mini
Slide 5: Two advanced zinc projects in Spain
TWO ADVANCED ZINC PROJECTS IN SPAIN CANTABRIA: TOLEDO: NOVALES-UDIAS ZINC PROJECT GUAJARAZ ZINC PROJECT ▪ Largest most prospective zinc exploration footprint in Europe ▪ Excellent brown-fields opportunity with drill-ready targets. > 68.3km2. ▪ ENADIMSA in 1990 suggested potential mineralisation in t
Slide 6: Projects strategically located
PROJECTS STRATEGICALLY LOCATED NOVALES-UDIAS ▪ Located in the heart of the prolific Basque-Cantabrian Basin ▪ Reocin and surrounding area is one of the premier zinc- lead mining fields in Europe ▪ Close to regional capital in Santander with established infrastructure GUAJARAZ ▪ Located close to Tole
Slide 7: Reocin is one of the largest MVT deposits globally, ever
REOCIN IS ONE OF THE LARGEST MVT DEPOSITS GLOBALLY, EVER NOVALES-UDIAS BENCHMARKING 113 MVT DEPOSITS & 10 DISTRICTS: GRADE/TONNAGE CURVES ▪ Reocin is <10km from Novales ▪ Both are situated in the Basque-Cantabrian Basin ▪ Diagonal line represents tonnage of Zn and Pb metal | ASX:VAR Source: USGS 7
Slide 8: Spain: key advantages for mining
SPAIN: KEY ADVANTAGES FOR MINING STRONG REGIONAL GOVERNMENT SUPPORT JOB & WEALTH CREATION IN AREAS OF HIGH UNEMPLOYMENT 1st CLASS INFRASTRUCTURE ALREADY IN 2nd LARGEST ZINC SMELTER IN CLOSE PLACE PROXIMITY | ASX:VAR Source: EuroStat / EU 8
Slide 9: Spain: a favourable mining jurisdiction
SPAIN: A FAVOURABLE MINING JURISDICTION ✓ EU & OECD member ✓ Close proximity to industrial markets ✓ Significant mining & development investment ✓ Regional autonomy for development of mining projects ✓ Available supply of highly skilled labour HIGH INVESTMENT ATTRACTIVENESS RANKING 90 2017 2018 80 7
Slide 10: Cantabria: zinc mining welcomed by government
CANTABRIA: ZINC MINING WELCOMED BY GOVERNMENT ‘CHALLENGES & OPPORTUNITIES OF ZINC IN CANTABRIA’ MARCH 2019 The President of Cantabria, Miguel Ángel Revilla, commented: ▪ that if the presence of sufficient material is confirmed, Cantabria will once again have mining activity which, in his opinion, wi
Slide 11: Novales - Udias
NOVALES - UDIAS
Slide 12: Opportunities for results
OPPORTUNITIES FOR RESULTS HIGH QUALITY, POTENTIAL TIER 1 ZINC PROJECTS WITH EXCELLENT NEAR TERM PRODUCTION POTENTIAL ▪ Dominant position in a proven zinc field with known Tier 1 deposits. ▪ Clear Exploration strategy with walk up drill targets. ▪ Low cost exploration with conventional techniques lik
Slide 13: Novales-Udias - Tier 1 zinc opportunity
NOVALES-UDIAS - TIER 1 ZINC OPPORTUNITY POSITIONED OVER A PROVEN MISSISSIPPI VALLEY TYPE (MVT) PROVINCE * ▪ Past production: Extensive mining with numerous deposits. Grades appear to be around 10% Zn-Pb. ▪ No Modern Exploration: Lead-zinc mines abandoned in the 1997 in the Novales zone and in 1973 i
Slide 14: Novales-Udias: 68.3km2 of contiguous tenement holding
NOVALES-UDIAS: 68.3km2 OF CONTIGUOUS TENEMENT HOLDING EXPLORATION & MINING CONCESSIONS ALREADY GRANTED 55.8km2 Granted Exploration Concession, initial 3yr term, extendable by 3yrs 12.5km2 Granted Mining Concessions 18yrs to run 1k m | ASX:VAR 14
Slide 15: Transformational deal
TRANSFORMATIONAL DEAL
Slide 16: Transaction highlights: compelling proposition
TRANSACTION HIGHLIGHTS: COMPELLING PROPOSITION FORMER PRODUCING DATA ACQUSITION PATH TO POTENTIAL POTENTIAL ROUTE TO PERMITTING IN MINES UNDERWAY PRODUCTION MARKET PLACE Novales mine; School of Mines High grade Close proximity Exploration and historic production at Torrelavega ‘bolsas’ provide (~80k
Slide 17: Transaction summary
TRANSACTION SUMMARY 2x HIGH QUALITY ZINC PROJECTS + $4M NEW CAPITAL Pre Deal CAPITAL STRUCTURE • Mkt Cap ~$2.5m • Cash $1m • EV $1.7m (incl $0.5m listed investments) Shares in currently in issue (inc. T1) 1,558,573,585 Shares in treasury Nil Share price $0.002 Vendor Deal Consideration Shares ($3.4m
Slide 18: Next steps & opportunities for immediate-term results
NEXT STEPS & OPPORTUNITIES FOR IMMEDIATE-TERM RESULTS: ADDITIONAL MULTIPLE PROJECTS NEAR TERM RESOURCE We continue to be agile and alert to additional PRODUCTION TARGETS value–accretive projects POSSIBILITY Both Toledo and Cantabria that are complementary have the right rocks to yield POTENTIAL FOR
Slide 19: Contacts
CONTACTS VARISCAN MINES Stewart Dickson +44(0)7799694195 stewart.dickson@variscan.com.au | ASX:VAR 19
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Variscan Mines — Investor Presentation (October 2019) on 6ix