Vital Metals Ltd · ASX:VML
Vital Metals — Investor Presentation (September 2010)
23 slides from Vital Metals's investor presentation, Sep 14, 2010
Slide 1: Applied Exploration Science
For personal use only Applied Exploration Science September 2010 Dr Howard W. Carr CEO / MD 1
Slide 2: Disclaimer
Disclaimer DISCLAIMER For personal use only Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statement
Slide 3: VML: Executive Summary
VML: Executive Summary For personal use only •West African Gold Explorers •Excellent Ground •Technical Focus •Operational & Funded •Cheap Stock Shares on issue: 186m Shareholders: 1766 Top “3”: 42% Market Capitalisation: $19m Cash: $2.4m Debt: zero 3
Slide 4: Most-Effective Resource Allocation
Most‐Effective Resource Allocation VML snapshot For personal use only • chequered corporate history, some “impatient” shareholders • Doulnia: highly Gold‐prospective; grass‐roots project • Limited financial & human resources • Maximum early value add from Most effective resource allocation Our Philo
Slide 5: Discovery & Definition of a Gold Resource
Discovery & Definition of a Gold Resource •Technically challenging For personal use only •Time consuming •Expensive Tropicana (WA) Exploration History 2002: Grassroots GST Belt of 12,500km2 2007: 548,000m drilling, 4Moz Indicated Resource @ ~A$41/oz 2013: planned start‐up Anglo Gold Ashanti Global E
Slide 6: Greenstone Hosted Gold Systems
Greenstone Hosted Gold Systems Key metallogenic & exploration criteria For personal use only ID Description Doulnia Evidence 1 Archaean / Proterozoic GST hosting Au Birrimian GST (~120moz) 2 Mantle‐influenced magmatism Anglo’s REE geochemical study 3 Basin volcanics & sediments VMS mineralisation 4
Slide 7: Au-bearing GSTs, Mantle Influence, Basin Volcanics, Crustal Structures
1. Au‐bearing GST’s The “Big 4” at Doulnia 2. Mantle‐influence For personal use only Tiebele NTRC 10/60 Partial Melts 100 NTRC 10/60r Sample / MORB SAD 28/61 10 3. Basin volcanics & sediments nb. structural granodiorite / tonalite greywacke junctions = enhanced 1 La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm
Slide 8: Crustal Scale & Linked Structures
5. Crustal Scale & Linked Structures • Markoye, Tenkedogo, Bole: giant structures •Multiple fluid pathways For personal use only increases access to Au fluid SRK / Volta Resources Regional Structural / Geology Map Doulnia Radiometric Interpretation Markoye trend Markoye “Doulnia” GST (sub) belt tren
Slide 9: Interconnected Plumbing System
5. Interconnected Plumbing System S Z o For personal use only Markoye SZ Trend g do n ke Te age in k o L Doulnia is at the Kiaka Gold Deposit dog intersection of 3 strongly ke SZ en /T le Au‐ endowed major Bo crustal structures: ole Doulnia B •Markoye •Tenkedogo •Bole Youga Gold Mine Doulnia Project
Slide 10: Greater Revenge Structural Architecture
6. Greater Revenge Structural Architecture Series of N‐trending (dilation) For personal use only structures developed between (sinistral) Delta & Belleisle / Playa structures ‐which are linked to Boulder‐ Lefroy Fault (Miller 2005) 10
Slide 11: Syn-Au event dilation sites
6. Syn‐Au event dilation sites Doulnia Regional Geology & Structure • Doulnia & Greater For personal use only st r al Revenge Area (GRA) ini bounded by sinistral D 2s n ea s) shear zones r n c Predicted E bu ati ( nem •Both SZ’s active during Doulnia cross‐ ki cutting dilation regional Au event site
Slide 12: High Resolution Aeromagnetic Survey
6. High Resolution Aeromagnetic Survey For personal use only Outcomes Definition of: •GST belt margins, esp. W of Tiebele Granite (TG) •High strain zone S of TG are extensions of Bole‐Tenkedogo linkage & sth margin of Tenkedogo •Low strain, large pressure shadow zone W of TG •Pressure shadows & dila
Slide 13: Doulnia Structural Architecture
6. Doulnia Structural Architecture Aug. 2010: High resolution aeromagnetic For personal use only & radiometric interpretation Doulnia project boundary Prioritised Targets Priority 1 Target Area High strain zone, ductile “Pressure Shadows & deformation Dilation Sites” GST belt granitoids Priority 2 T
Slide 14: Gryphon's Banfora Gold Deposit
6. Gryphon’s Banfora Gold Deposit • Nogbele: >1.5moz gold deposit; sited in Pressure Shadow in GST & on For personal use only contact of GST belt granitoid & in dilation sites within GST belt granitoid •Pressure Shadow mineralisation (eg, Kanowna Belle, Sigma La Marque) • cf. Doulnia Priority 1 Targ
Slide 15: Castle's Wa Project
6. Castle’s Wa Project • NW trending (dilation) structures off, and across, Bole SZ For personal use only ~ location and scale of inset (relative to aeromagnetic image, below) NE trending Bole / Bolgatanga SZ (Doulnia southern margin structure) Julie West Vein System (Castle) •44 rock samples averag
Slide 16: Dilation sites
6. Dilation sites VML work to date summary: For personal use only •Doulnia (Kollo) focus: ductile, high strain deformation •Anglo Zn samples, re‐assay for Au, artisanal miners, drill working Kollo (Sth Doulnia) Adzope (Ivory Coast) ductile deformation New Focus: • ductile deformation, sub‐parallel t
Slide 17: Au-fluid alteration & mineralisation
7. Au‐fluid alteration & mineralisation • Fluids: mixing oxidised mantle‐derived For personal use only magma & reduced sedimentary basins •1 x 1km rbedock sampling: alteration cell •0.5 x 0.5km bedrock sampling: alteration gradient •Drill structure at tightest gradient (recommendations from Dr Kevin
Slide 18: Au anomalism: Kollo Au-in-soils & structures
Doulnia Project Boundary 8. Au anomalism “Kollo Au‐in soils & structures”Figure Boundary Kollo Au‐in‐soil & structures For personal use only 1230000mN 1220000mN 18
Slide 19: Au anomalism: Soil & Rock Chip Sampling
8. Au anomalism Doulnia Soil & Rock Chip Sampling (complete 26th August) For personal use only • VML’s 3 sampling teams competition: ahead of schedule 800m (EW) x 50m (NS) soils area ~400m x ~400m PIMA / rock area 200m(EW) x 50m (NS) Azumah Phase 1 Soil Sampling soils area (Initial Resource, May 200
Slide 20: The Bottom Line
The Bottom Line is The Bottom Line Gold exploration is: For personal use only •Technically challenging • Expensive •Time consuming •VML has the technical capabilities Anglo Gold Ashanti 2010‐2013 Targets • In ground expenditure > 60% of exploration budget • Inferred Resource: A$22.47/oz • Indicated
Slide 21: Work Schedule
Work Schedule For personal use only Activity jul aug sep oct nov dec jan feb mar apr may jun field camp occupied (Used German) vehicle purchases AEROMAG mob., acquire, process AREOMAG interpretation drilling (metres) 2,000 2,000 3,150 3,150 3,150 3,150 2,520 soils sampling (no) 630 1,890 1,890 1,890
Slide 22: P.S. Infrastructure
P.S. Infrastructure •Cost effective, efficient exploration Doulnia Snap Shot For personal use only •Cost‐effective, timely development •On West African electricity grid • 4 feed lines & 2 sources •Abundant potable U/G water • Local reservoirs & dam sites •3 x 3G reliable mobile phone towers •4‐9Mbps
Slide 23: Recommendation
Recommendation Complete comprehensive Due Diligence including: For personal use only •Gold as the de facto global currence (eg. Eric Sprott) •Burkina Faso sovereign risk, business climate & TAX regime •VML management & corporate structure •Doulnia gold prospectivity If satisfied of VML bone fides th
Vital Metals — Investor Presentation (September 2010) on 6ix