Critica Limited · ASX:CRI
Critica — Venture Minerals — 121 Mining Investment Presentation London 2023
32 slides from Critica's conference presentation, Nov 20, 2023
Slide 1: Targeting Sustainable Tin and Tungsten Production
Targeting Sustainable Tin and Tungsten Production 121 MINING INVESTMENT PRESENTATION LONDON 20 – 21 NOVEMBER 2023 ASX | VMS www.ventureminerals.com.au
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation may contain certain forward-looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 3: Highlights
Highlights • Mount Lindsay Underground Feasibility Study to include additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studi
Slide 4: Corporate Snapshot
Corporate Snapshot Market Snapshot ASX:VMS/VMSO Share Price (A$) Share Price and Volume Volume (Millions) Shares on issue 1,950m $0.030 25 Share price 1.1c $0.025 20 Unlisted options1 39.9m $0.020 15 $0.015 Listed Options @ $0.036 60.2m 10 $0.010 Market capitalization A$21.5m 5 $0.005 Cash balance (
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Managing Director Exploration Manager Chairman of Venture Minerals
Slide 6: Project Locations
Project Locations www.ventureminerals.com.au 6
Slide 7: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit www.ventureminerals.com.au 7
Slide 8: Mount Lindsay: Historic Tin Mining
Mount Lindsay: Historic Tin Mining
Slide 9: Historic Stanley Reward Alluvial Tin Workings
Historic Stanley Reward Alluvial Tin Workings
Slide 10: Tin for the future
Tin for the future Tin is an important part of the Fourth Industrial Revolution through solder which is the glue that connects everything that is electronic; Tin is technically diverse and hence is also an important part of the Green Industrial Revolution as this is led by technology as the worl
Slide 11: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin Solder market technology drivers: Electronics miniaturisation impact fading, Lead-free conversion has resumed. 5G to lead the new electronics era: Currently ~400g of Tin per car 5G to be the platform for connected future, Two phases of infrastr
Slide 12: Could a lack of ESG compliant tin supply affect the pace of energy transition?
“Could a lack of ESG compliant tin supply affect the pace of energy transition?” – Wood MacKenzie There is no shortage of tin supply potential, but ESG risk is a factor; Venture, as an Australian tin producer, can capitalise on global demand for ESG compliant tin. Global Tin Reserves (kt) 2500 2
Slide 13: Tungsten Ore at Mt Lindsay: A Critical Mineral
Tungsten Ore at Mt Lindsay: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability
Slide 14: EV Metal and Critical Minerals Demand – time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand – time to re-assess Mount Lindsay EV Metal and Critical Minerals demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay; Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the wo
Slide 15: Large-Scale quantities of Tin and Boron identified at Mount Lindsay
Large-Scale quantities of Tin and Boron identified at Mount Lindsay Current study to include additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been a
Slide 16: Mount Lindsay Highlights
Mount Lindsay Highlights More than 100,000m of diamond core drilling has been completed on the project by predominately Venture, most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; Open Pit Feasibility Study completed with comprehensiv
Slide 17: High Grade Tin-Tungsten Targets and Tin-Boron Skarns
High Grade Tin-Tungsten Targets and Tin-Boron Skarns *See Metals X Announcement “2022 Renison Mineral Resource Update”, 14 June 2022 . www.ventureminerals.com.au 17
Slide 18: New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell
New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine www.ventureminerals.com.au 18
Slide 19: REE mineralisation discovered immediately adjacent to Tin Zones at Mount Lindsay
REE mineralisation discovered immediately adjacent to Tin Zones at Mount Lindsay
Slide 20: Very High Grade Magnet REE identified at surface near Reward REE Drill Intersections
Very High Grade Magnet REE identified at surface near Reward REE Drill Intersections Highly anomalous zone is further supported by some of the six historic terrace gravel samples with peak assays of the key REE being 4,337 ppm (0.43%) Praseodymium Oxide (Pr6O11), 4,774 ppm (0.48%) Neodymium Oxide (N
Slide 21: REE strategy expanded with new priority targets in WA
REE strategy expanded with new priority targets in WA • Acquired and identified new priority Rare Earth targets to increase exposure in the Rare Earth Element space, with a particular focus on the clay hosted REE mineralisation type. • Brothers 511 km2 tenement package adjacent to the Vulcan Prospec
Slide 22: JV at Brothers on neighbouring REE project hosting shallow drill hits
JV at Brothers on neighbouring REE project hosting shallow drill hits up to 49 metres @ 1,313 ppm TREO • Signed a JV agreement to earn into the Iron Duke REE Project, which hosts two shallow historic drillholes, both of which have broad, high grade intersections of Total Rare Earth Oxides (“TREO”).
Slide 23: Venture's Maiden Drilling program confirms High Grade clay hosted REE discovery
Venture’s Maiden Drilling program confirms High Grade clay hosted REE discovery at the Brothers Project • Venture’s Maiden Drilling program has confirmed High Grade clay hosted REE mineralisation has been discovered at the Greater Brothers Project (Brothers including Iron Duke) with several intersec
Slide 24: Massive new REE Target identified at Brothers
Massive new REE Target identified at Brothers with results up to 3,969 ppm TREO • Identification of a new large REE target named the “Jupiter Prospect”. The target is defined by a coincident gravity and magnetic anomaly extending over 40 square kilometres which hosts extensive REE rich clays. • Reco
Slide 25: Jupiter REE Target defined by a coincident gravity/magnetic anomaly
Jupiter REE Target defined by a coincident gravity/magnetic anomaly over 40 sq. km hosting extensive REE rich clays. BRAC039 42 m @ 1,619 ppm TREO from 5 m, including 10 m @ 2,595 ppm TREO BRAC036 28 m @ 2,246 ppm BRAC036 28 m @ 2,246 ppm TREO from 37 m, including TREO from 37 m, including 11 m @ 3,
Slide 26: Brothers REE Project well located between Major Processing Plants
Brothers REE Project with the new large-scale Jupiter Target, is well located between Major Processing Plants 26
Slide 27: SensOre and Venture Reach Farm-in Agreement on Golden Grove North Project
SensOre and Venture Reach Farm-in Agreement on Golden Grove North Project SensOre to earn up to 70% in all mineral rights with the exclusion of Rare Earths by spending up to $4.5m in two stages; SensOre to spend $1.5m to earn 51% and an additional $3m for a further 19% interest whilst granting V
Slide 28: Very High Grade REE discovered at the Vulcan prospect within Golden Grove North
Very High Grade REE discovered at the Vulcan prospect within Golden Grove North Under the terms of the Agreement, as part of the initial RC/Diamond Core drilling program, SensOre has agreed to drill the High Grade Vulcan Rare Earth target which Venture retains the mineral rights; The Vulcan Rare
Slide 29: Location of Riley Iron Ore Mine
Location of Riley Iron Ore Mine www.ventureminerals.com.au 29
Slide 30: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently Steady state production achieved; First Shipment of Iron Ore completed; Volatile market conditions for iron ore; Plant on Care & Maintenance whilst waiting for improving market conditions. www.ventureminerals.com.au 30
Slide 31: Key Investment Highlights
Key Investment Highlights The advanced Mount Lindsay Tin-Tungsten Project is well positioned to take advantage of the strong EV and critical mineral markets; Venture Minerals is targeting sustainable Tin and Tungsten Production from Mount Lindsay to capitalize on the global demand for decarbonisatio
Slide 32: Thank You
Targeting Sustainable Tin and Tungsten Production THANK YOU ASX | VMS www.ventureminerals.com.au
Venture Minerals — 121 Mining Investment Presentation London 2023 on 6ix