Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Astute Metals NL — 24th Annual Mineral Sands and Rare Earths Conference (March 2024)
21 slides from Venari Minerals Nl's conference presentation, Mar 20, 2024
Slide 1: Investor Presentation - 24th Annual Mineral Sands and Rare Earths Conference
20 March 2024 INVESTOR PRESENTATION 24th ANNUAL MINERAL SANDS AND RARE EARTHS CONFERENCE Astute Metals NL (ASX: ASE, “Astute” or “the Company”) is pleased to advise that its Executive Director, Matthew Healy, will be presenting at the Mineral Sands & Rare Earths Conference, to be held today from 12:
Slide 2: Governor Broome Heavy Mineral Sands Project
For personal use only GOVERNOR BROOME Heavy mineral sands project 20 March 2024 ASX: ASE
Slide 3: 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 4: Project Highlights
PROJECT HIGHLIGHTS STRATEGIC LOCAtion For personal use only • Western Australia - World-class Resources Jurisdiction • 145km2 of tenure in the Southwest WA Mineral Sands district • Trucking proximity to Mineral Sands processing plants • Electrical infrastructure on Project with sealed road access Jo
Slide 5: Astute Metals Projects
ASTUTE METALS PROJECTS For personal use only 4
Slide 6: Corporate Overview
CORPORATE OVERVIEW Share Price ASX: ASE Key Financials For personal use only Share Price (@ 18.03.24) $0.025 Shares on Issue 410,519,490 Options Nil Loan Funded Shares 18,235,000 Market Cap (@ 18.03.24) $10.26 m Cash (@ 31.12.23) $2.48 m Enterprise Value $7.78 m Debt (@ 18.03.24) Nil Top 20 Sharehol
Slide 7: Board and Management
BOARD AND MANAGEMENT Tony Leibowitz Non-Executive Chairman Matt Healy Executive Director For personal use only Mr Leibowitz is a Fellow of the Institute of Chartered Mr Healy is a highly experienced geologist and Australian Accountants, Australia with over 30-years corporate finance, mining executiv
Slide 8: Governor Broome Location
GOVERNOR BROOME LOCATION For personal use only Location • World-class resources jurisdiction of Western Australia • 95km from Busselton by road in Southwest Mineral Sands district Established Infrastructure • 105km from Iluka Processing Plant – Capel • 135km from Doral Australia Processing Plant – P
Slide 9: Governor Broome Mineral Resources
GOVERNOR BROOME MINERAL RESOURCES For personal use only November 2023 MRE Update – incorporates Q2 2023 infill drilling Jack Track Governor Broome Fouracres 8
Slide 10: Project History
PROJECT HISTORY For personal use only 80% of Scott Plains Mineral Sands Bulk Testwork Mineral Resource Project acquired - Remaining 20% of Mineral Resource Maiden Jack Track Various Mineral Resource completed for Estimate Update – including Governor Broome Update at Governor Mineral Resource Updates
Slide 11: Governor Broome Geology
GOVERNOR BROOME GEOLOGY For personal use only Governor Broome Deposits • The upper Warren Sands unit contains economic HM at its base • The lower Beenup Beds unit contains 1% to 9% VHM in its top few metres, which consists of clayey sands • Mineralisation is continuous between the West and North Dep
Slide 12: High-Value Mineralogy
HIGH-VALUE MINERALOGY Governor Broome For personal use only Fouracres Jack Track *N/A = Leucoxene and Monazite not determined in mineral assemblage testwork for some Mineral Resource domains 11
Slide 13: Processing
Bulk Sample Wet and Dry plant testwork undertaken: PROCESSING • Governor Broome West (2.6t, June 2021) • Jack Track (2t, August 2023) For personal use only Heavy Mineral Concentrate successfully produced in a Wet Concentrator from Governor Broome and Jack Track deposits using conventional WCP method
Slide 14: Product Quality - Ilmenite
PRODUCT QUALITY - ILMENITE For personal use only Governor Broome Primary Ilmenite Jack Track Combined Ilmenite • TiO2 of 50.8% - suitable for Sulfate classification • Lower end TiO2 content for Chloride pigment • Favorably low U+Th, Cr and V • Low levels of impurities • Acceptable Fe2+/Fe3+ ratio •
Slide 15: Product Quality - Zircon
PRODUCT QUALITY - ZIRCON Governor Broome Zircon • Relatively low U+Th For personal use only • Moderate Al2O3 • Meets Premium specification for ceramics and foundry application Jack Track Zircon • Zircon <66% • Iron and TiO2 within acceptable thresholds for Standard Grade ceramics and foundry applica
Slide 16: Product Quality - Rutile
PRODUCT QUALITY - RUTILE For personal use only Jack Track Rutile • Low impurities – Ca, Mg, P, S • Meets Premium specification for direct Chloride pigment use • Fine fraction slightly above threshold for welding application, however likely remains suitable at a slight (5%) price discount 15
Slide 17: Exploration Potential
EXPLORATION POTENTIAL For personal use only Two areas of exploration focus • Follow-up of previous air-core drilling conducted in 2012 • Drilling Intersected Heavy Minerals associated with a radiometric Jack anomaly but no samples assayed Track • Second area along strike from Governor Fouracres Depo
Slide 18: Next Steps
GOVERNOR BROOME NEXT STEPS For personal use only Scoping Study Underway • Due for completion in the current quarter Consider value-realisation options • Sourcing of debt funding • Investigating potential Joint Venture partners and how the arrangements can enhance value; • Review of sale options and
Slide 19: De-Risked High-Value Asset
GOVERNOR BROOME DE-RISKED HIGH-VALUE ASSET For personal use only Location Mineralogy Performance In the South West WA Mineral High-value quality-of-life Conventional WCP methods Sands district, within trucking commodities zircon and produced heavy mineral distance to heavy mineral titanium minerals
Slide 20: Previous Announcements and Competent Person Statement
Previous Announcements Competent Person Statement The information contained within this presentation that relate to exploration The information in this presentation as it relates to Mineral results of Astro have been extracted from the following ASX announcements Resources and Exploration Results fo
Slide 21: Contacts
For personal use only GOVERNOR BROOME Heavy mineral sands project Contacts Matt Healy Nicholas Read Executive Director Media & Investor Relations mhealy@astutemetals.com nicholas@readcorporate.com.au +61 (0) 431 683 952 +61 (0) 419 929 046
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