Vault Minerals Limited · ASX:VAU
Vault Minerals — FY2023 Earnings Presentation
15 slides from Vault Minerals's earnings presentation, Aug 29, 2023
Slide 1: June 2023 Financial Results
June 2023 Financial Results Mark Williams (MD), Patrick Duffy (CFO) Mat Collings (Corp Dev) 29 August 2023 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resource and O
Slide 3: FY23 full year highlights
FY23 f u l l y e a r h i g h l i g ht s Strong operating cash flow sets FY24 base Cash flow from EBITDA Cash & Bullion operations $96.1m $45.9m 1 $46.7m 2H FY23 AISC NPAT Net debt 2 $1,837/oz -$8.7m $81.9m 1 1: Cash & Bullion includes restricted cash of $15.7m and bullion receivable of $10.1m at 30
Slide 4: FY23 full year ESG highlights
FY23 full year ESG highlights Safety metrics improving as operations stabilise ● Safety commitment Quarterly 12-month TRIFR ● No recordable injuries in June Quarter 25 ● Continued safety improvement, with 12-month TRIFR reducing to 9.0 from 15.5 quarter on quarter 20 ● 12-month LTIFR of 0.5 ● Enviro
Slide 5: FY23 full year results
FY23 full year results Year of transformation – 156% increase in Revenue ● Transition from Darlot to new KOTH Processing Hub FY2023 FY2022 Unit 30 June 2023 30 June 2022 ● First gold at KOTH on 5 June 2022 Production ● Commercial production declared 16 Dec 2022 Gold produced oz 165,544 66,871 ● Sign
Slide 6: FY23 cash reconciliation
FY23 cash reconciliation With primary orebody exposed, KOTH is generating consistent positive cash flows Movement in Cash and Bullion on hand ($m) 120 152 -59 100 47 -96 80 60 -26 26 46 40 33 $m'S 20 20 0 -30 -20 -40 -60 June 2022 Operations Mine PPE & Issue of Loan Leases June 2023 Bullion & June 2
Slide 7: Balance sheet at June 2023
Balance sheet at 30 June 2023 With solid foundations now looking to build a stronger balance sheet in FY24 ● Creditors all within normal trading terms Outstanding debt ($m) ● Current Ratio 1.3 times (Current assets versus current 140 liabilities) ● Red 5 Net Debt position of $81.9m 120 ● Cash and bu
Slide 8: Growth outlook
Growth outlook Gaining clarity and confidence in long term mine plan ● KOTH process plant expected Production AISC Growth to operate at 5.5Mtpa and be (koz) (A$/ounce) (A$m) fed by: FY24 guidance 195-215 1,850-2,100 40-46 ● KOTH OP mine ● KOTH UG mine ● Darlot UG satellite mine ● All three mines exp
Slide 9: Thank You
THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 10: Appendicies
Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: Leadership Team with strong mining expertise
Leadership Team with strong mining expertise Red 5 has a strong and capable team, with many years of mining and development experience both at Red 5 and previously at multi- billion international development projects. Red 5 is undergoing a formal process to renew the composition and succession of th
Slide 12: KOTH geology is well understood - open in all directions
KOTH geology is well understood - open in all directions Jun-22 Mineral Resource1 Jun-22 Ore Reserve1 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for 4.75Moz Au 2.66Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical understanding from previous
Slide 13: KOTH Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 1,330 1.2 50 Indicated 0.4-1.0 OP+UG 72,880 1.4 3,250 Inferred 0.4-1.0 OP+UG 21,070 1.6 1,090
Slide 14: KOTH Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz) KOTH Open pit 0.4 Probable 63.3 1.2 2.4 KOTH Underground 1.3 Probable 2.8 2.0 0.2 Rainbow Open pit 0.4 Probable 2.1 0.8 0.1 Cen
Slide 15: Thank You
THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 15