Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Astute Metals NL — Investor Presentation (October 2024)
18 slides from Venari Minerals Nl's investor presentation, Oct 4, 2024
Slide 1: The Red Mountain Discovery: Lithium with Scale
For personal use only THE RED MOUNTAIN DISCOVERY Lithium WITH SCALE Market Update | October 2024 ASX: ASE
Slide 2: Disclaimer and Forward-Looking Statement
DISCLAIMER AND FORWARD-LOOKING STATEMENT IMPORTANT NOTICE & DISCLAIMER The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Astute Metals NL (‘Astute’ or ‘the Company’) and its objectives. Readers should make their own indepe
Slide 3: Investment Overview
RED MOUNTAIN DISCOVERY INVESTMENT OVERVIEW For personal use only The case for lithium remains unequivocally strong • Robust demand is forecast in the US and Globally Lithium Clays are an attractive alternative to hard-rock deposits • Battery-grade lithium carbonate can be produced directly from clay
Slide 4: The Case for Lithium Remains Strong
THE CASE FOR LITHIUM REMAINS STRONG For personal use only Source: Fastmarkets April 2024 Source: Fastmarkets April 2024 Total battery manufacturing capacity commissioned, under construction, and announced since the passage of the 2022 Inflation Reduction Act Source: Sprott Special Report – Lithium:
Slide 5: Lithium Clay – A Low Cost Pathway to a Battery Product
LITHIUM CLAY – A LOW COST PATHWAY TO A BATTERY PRODUCT For personal use only Pilgangoora Lithium Clay Projects Benchmark 26/09 LCC Index USD $10,546 Source: TSX.V: LI April 2023 - American Lithium Corporate Presentation 5
Slide 6: Nevada: World's Premier Mining Destination and US Incentives
“Nevada.. has the opportunity to become to energy what Wall Street is to finance, or what Silicon Valley is to technology” For personal use only (Previous) Nevada Governor Steve Sisolak 19 Jan 2021 Inflation Reduction Act (2022) Bipartisan Infrastructure Law World’s Premier Mining Destination • Crit
Slide 7: How Do Lithium Clays Form?
HOW DO LITHIUM CLAYS FORM? For personal use only • Nevada has prolific outcropping felsic volcanic rocks that are a potential source of lithium • Weathering of these rocks releases lithium which is transported into a sedimentary basin through rivers and groundwater • Clay minerals within the basin t
Slide 8: Nevada Lithium Clay Projects
McDermitt Lithium (Oregon) Nevada Lithium ASX: JLL Jindalee Lithium Clay Projects Thacker Pass TSE: LAC Lithium Americas For personal use only Large Mineral Resources 360Mt to 5.5Bt* TLC Lithium TSX-V: LI American Lithium Contained LCE of up to 18.4Mt* (Lithium Carbonate Equivalent) Long-life assets
Slide 9: Background
RED MOUNTAIN BACKGROUND For personal use only Discovery started with organic project generation • Nevada-wide project-generation exercise undertaken in Q1 2023 • Red Mountain a ‘top eight’ target identified by Astute Red Mountain met each of Astute’s selection criteria • Broad (>20km2) occurrence of
Slide 10: Soil Sampling
RED MOUNTAIN SOIL SAMPLING For personal use only • 819 soil sample locations across the Project • Designed to test for lithium potential Project-wide • Nominal 400m x 100m sample spacing • Campaign conducted September 2023 • Broad anomalism identified with >50ppm Li across 8km x up-to 2.8km • Severa
Slide 11: Rock Chip Sampling
RED MOUNTAIN ROCK CHIP SAMPLING For personal use only • 117 rock chip sample locations across the Project • Designed to confirm lithium mineralisation in outcropping and subcropping (thinly-covered) prospective host rocks (orange on map) • Three sampling campaigns conducted through 2023 - 24 • Confi
Slide 12: Drilling
RED MOUNTAIN DRILLING For personal use only • 11-hole inaugural reverse circulation drill campaign • Conducted May-June 2024 • Lithium mineralisation intersected in every drill hole • Lithium mineralisation from surface in three holes • Three holes ended in lithium mineralisation • Thick and high-gr
Slide 13: A Large-Scale Discovery
RED MOUNTAIN – A LARGE-SCALE DISCOVERY Southernmost hole For personal use only RMRC001 59.4m @ 1,300ppm Li Northernmost drill holes RMRC002, 003 13
Slide 14: Moving Forward
RED MOUNTAIN MOVING FORWARD For personal use only • Diamond drilling campaign - Imminent • 2x holes – Red Mountain North and South • Designed to firm geological understanding and extend known mineralisation • Initial Metallurgical Testwork - Underway • Head assays and head screen (particle size @ 75
Slide 15: The Lithium Expertise to Create Value
THE LITHIUM EXPERTISE TO CREATE VALUE For personal use only Tony Leibowitz Matt Healy Non-Executive Chairman Executive Director & CEO Mr Leibowitz was a founding Director of Pilbara Mr Healy is an experienced geologist and Minerals Limited, where, as Chairman and an Australian mining executive. He h
Slide 16: Nevada Lithium Clay Projects – Significant Value-Creation Potential
NEVADA LITHIUM CLAY PROJECTS - SIGNIFICANT VALUE-CREATION POTENTIAL For personal use only 16
Slide 17: Footnotes and Previous Announcements; Competent Person Statements
Footnotes and Previous Announcements Competent Person Statements 1. https://www.saratogian.com/2021/03/01/nevada-gov-steve-sisolak-unveils-innovation-zone- The information in this report that relates to Nevada Lithium Exploration legislation-that-would-let-tech-companies-establish-their-own-local-go
Slide 18: Contacts
For personal use only Contacts Matt Healy Nicholas Read Executive Director & CEO Media & Investor Relations mhealy@astutemetals.com nicholas@readcorporate.com.au +61 (0) 431 683 952 +61 (0) 419 929 046 18
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