Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Investor Presentation (February 2019)
22 slides from Vault Minerals's investor presentation, Feb 12, 2019
Slide 1: King of the Hills: dawn of a new era
For personal use only King of the Hills: dawn of a new era Investor Presentation, February 2019 Mike Harrowell, Corporate Development ASX Code: RED
Slide 2: Competent Person’s Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statement for Exploration Results For personal use only The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High-Grade Drilling Results Confirm Potential for Resource Extens
Slide 3: Red 5 – Corporate Summary
Red 5 – Corporate Summary For personal use only Share Price Issued Shares Market Cap Kevin Dundo Chairman (at 31/1/19) (undiluted) (at 31/1/19) Mark Williams Managing Director A$0.125 1,243.2M A$155.4M Ian Macpherson Non-executive Director Colin Loosemore Non-executive Director Enterprise Va
Slide 4: Eastern Goldfields Operations – Transitional year
Eastern Goldfields Operations – Transitional year For personal use only FY19 production guidance 100,000-115,000oz at AISC of A$1,350-1,550/oz1 March 2019 Quarter guidance of 24,000-28,000 ounces at an AISC of A$1,450 – A$1,650 per ounce2 Half-year production to December 2018 of 47,727oz (Jul
Slide 5: Red 5 – A year of achievement
Red 5 – A year of achievement… For personal use only October 2017 • Assumed operational control at Darlot and KOTH December 2017 • Initial Ore Reserve estimate for Darlot of 131Koz January 2018 • Commenced mining operations at King of the Hills (KOTH) • Exceptional drill results upgrade mining poten
Slide 6: Oval – Resource increases 79% in six months
Oval – Resource increases 79% in six months Oval Probable Ore Reserve by Level as at June 2018 For personal use only Level Tonnes Grade g/t Au Contained Gold oz OV738 58,604 7.08 13,347 OV723 72,276 8.22 19,210 OV707 35,878 8.25 9,518 Upper Oval West 167,208 7.83 42,075 OV690 31,607 5.00 5,084 OV673
Slide 7: Darlot – A strong history and an exciting future
Darlot – A strong history and an exciting future For personal use only Celebrated 30 years of continuous gold production in November 2018 – total production of 2.8 million ounces of contained gold Lords Extension Target delivering promising early results: CAX0049 5.1m at 2.1g/t Au from 429.1
Slide 8: Initial 1.9Moz Resource unlocks new opportunities
Initial 1.9Moz Resource unlocks new opportunities Initial Mineral Resource estimate completed For personal use only for the newly-identified Eastern Margin Contact at the King of the Hills (KOTH) gold mine, located adjacent to existing mining areas: Indicated and Inferred Resource of 28.7Mt at 2
Slide 9: 1.9Moz Resource at +5000oz per vertical metre
1.9Moz Resource at +5000oz per vertical metre For personal use only The endowment under the north pit is 5,000 oz/vm, and under the south pit 6,000 oz/vm If the south endowment keeps going, the combined endowment would potentially be 11,000 oz/vm Drilling north along the contact returned full length
Slide 10: Mineralisation – Open in all directions
Mineralisation – Open in all directions For personal use only still to be defined by drilling still to be defined by drilling Depth of granodiorite/ultramafic contact still to be determined 10
Slide 11: What’s Different About Red 5’s Approach?
What’s Different About Red 5’s Approach? For personal use only Lemonwood bulk stope development face Baelor development face grading 9.24g/t targeting grading 10.14g/t with almost no major veins gold in major veining (mined to ~1.5m width) visible Baelor is the type of narrow, high-grade vein that w
Slide 12: 1.9Moz Resource Next Steps – Explore Near Mine
1.9Moz Resource Next Steps – Explore Near Mine For personal use only Red 5 plans to investigate bulk mining opportunity in three phases with overlapping time frames: Explore near mine Strategic Review Explore along contact Near-mine exploration aimed at upgrading initial 1.9Moz bulk mining
Slide 13: 1.9Moz Resource Next Steps – Strategic Review
1.9Moz Resource Next Steps – Strategic Review For personal use only Strategic review of development options, including a standalone processing plant at site, open pit and bulk underground potential, and regional deposits within the project area but not currently in the Resource KOTH ore has prev
Slide 14: 1.9Moz Resource Next Steps – Explore Along Contact
1.9Moz Resource Next Steps – 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 th
Slide 15: And Regional Targets – South
… And Regional Targets – South… Currently assessing near-mine shallow oxide For personal use only King of the Hills Mine resources south of KOTH operation: Rainbow and Rainbow North Galahad Severn and Severn West Puzzles Severn West Puzzles and Rainbow targets associated with small shallow
Slide 16: And Regional Targets – North West
… And Regional Targets – North West King of the Hills regional target areas: For personal use only Eclipse and Cerebus Centauri Eclipse Historical drilling limited to 150m; Mineralisation below oxide not tested, with potential for down-dip Cerebus extensions Vein/lode modelling indicates a
Slide 17: King of the Hills – A Great Place to Build a Plant
King of the Hills – A Great Place to Build a Plant For personal use only Standalone Processing Plant Study Red 5 engaged Mintrex Engineering and Consultancy to complete a scoping study to evaluate the suitability, cost and next steps required to construct a new standalone processing plant at KOTH
Slide 18: KOTH in Perspective: Australia’s Top Gold Deposits
KOTH in Perspective: Australia’s Top 20 Gold Deposits Resources Reserves For personal use only Project Owner Mt g/t Moz Mt g/t Moz Cadia Newcrest 3450.2 0.4 42.3 1566.0 0.5 25.0 Boddington Newmont 870.0 0.6 17.5 589.9 0.7 12.7 Initial Golden Mile Newmont/Barrick 231.2 1.2 9.1 198.0 1.2 7.7 Mineral T
Slide 19: Siana Gold Project, Philippines
Siana Gold Project, Philippines Red 5’s Philippine affiliated company, Greenstone Resources has For personal use only received government approval to construct and operate a new Tailings Storage Facility Previous delays in receiving this approvals resulted in the decision to suspend Siana mining
Slide 20: Red 5 – New Mines, Not Old Mines
Red 5 – New Mines, Not Old Mines For personal use only Commanding 365km2 footprint in the highly-endowed Leonora-Leinster gold district – Darlot, King of the Hills and Ockerburry Hill Darlot exploration is delivering broad mineralised intercepts at grades equal to or possibly better than the bes
Slide 21: Appendix: Australia’s Top Gold Deposits
Appendix: Australia’s Top 20 Gold Deposits Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest Lake Cowal Evolution Measured 140.2 0.47 2.1 Proven 19.0 0.29 0.2 Measured 46.6 0.70 1.0 Proven 46.6 0.7 1.0 For personal use only Indicated 3230.0 0.38 39.2 Probable 1547.0 0.49 24.3 Indicated 142.
Slide 22: Thank-you
For personal use only Thank-you 22 ASX Code: RED