Vital Metals Ltd · ASX:VML
Vital Metals — Investor Presentation (June 2010)
21 slides from Vital Metals's investor presentation, Jun 16, 2010
Slide 1: Update Presentation June 2010
vitalmetals For personal use only Update Presentation June 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: Corporate Overview
Corporate Overview Phase 1 Drilling Results Shares on issue: 186m $1m Fund Raising For personal use only $2.4m Fund Raising Closes Share Price: A$0.09 Roadshow New CEO Major Shareholders: Aragon Resources 13% Cons. Minerals 11% Stan MacDonald 6% Top 20 Shareholders: 56% Cash on hand: $2.55m No Debt
Slide 4: Directors & Management
Directors & Management • Board: For personal use only David Macoboy (Chairman) Financial Andrew Simpson (NED) Marketing Peter Cordin (NED) Engineering Paul Benson (NED) Mining • Management: Howard Carr (CEO MD) Geology; Project Sourcing, Development & Management; Intellectual Property Commercialisat
Slide 5: Capital Raising & Use of Funds
Capital Raising & Use of Funds • Feb 2010: 40m new shares @ $0.06 for $2.4m For personal use only • Payback $500k Convertible Note to Aragon (Aragon participated in placement) • April 2010: 12.5m new shares @ $0.08 for $1m • Sufficient working capital to meet accelerated programme of 2010. Total Cas
Slide 6: Burkina Faso: all the Vital Ingredients
Burkina Faso: all the Vital Ingredients Politics Multiparty democracy installed and working ‐ accepted by For personal use only general population and world bodies No serious underlying ethnic conflicts A Low crime risk A Freedom of press Working and efficient civil service Infrastructure (modified
Slide 7: VML: The Next African Gold Rush
VML: The Next African Gold Rush Additional For personal use only Ampella: 2nd best performance on New CEO tenements ASX 2009 $6m fund raising @ $0.06 1.2 Moz resource VML’s Farm‐In (and cooperation) with Ampella allows for project fast‐tracking •$1.5 m for 60% •$3.5m for 70% •PFS for 80% •JVA in pre
Slide 8: The Vital Statistics
The Vital Statistics • Doulnia Gold Project, Burkina Faso For personal use only • Birrimian Greenstones (cf. Yandal, Abitibi) • 479 sqkm tenements (47 900ha / 119 00ac) • Outstanding “First Order” Attributes • Shallow, wide, high‐grade drill intersections Hole Width Au (g/t) From (m) KRC019 31 3.19
Slide 9: Doulnia's Vitality
Doulnia’s Vitality For personal use only •43% (sub)outcrop: among the highest ration in Burkina Faso Multiple quartz veins • the most cost and time efficient exploration Alteration halo • mapping, visual inspections & 1000 rockchip Outcrop map samples ~ 5‐20 km RAB drilling ($75‐300K) • outcropping,
Slide 10: Crustal Scale Junction
Crustal Scale Junction For personal use only >95% of +1Moz Gold Deposits are within 5km of a Crustal Scale Structure Niger 5 Moz Doulnia Project Area Gold Mali 2 Moz 5 Moz Resource Burkina >22.7Moz Moz BRGM Crustal Faso Scale 1.2 Moz Structure Markoye Shear Zone Ghana (>12.9 Moz) Ivory Coast Bole GS
Slide 11: Key Geodynamic Indicators
Key Geodynamic Indicators For personal use only Geodynamic Summary of Yilgarn Gold Systems Doulnia Geodynamic Attributes • Back arc basin sequence (UNDP, BRGM, Anglo American) • Nearby Tarkwaian Conglomerates (Youga 35km E) • Eburnean Orogeny, within Bole Peak GST Belt Tiebele GOLD NTRC 10/60 Partia
Slide 12: Multiple Dilation & Reaction Sites
Multiple Dilation & Reaction Sites Identified change of shear Untested NW structural Untested BGB wrapping Tiebele For personal use only orientation (eg Batie corridor (eg Ashanti) Granite (eg Kanowna Belle, West, Kambalda District) Sigma LaMarque) 1240 000N Tiebele Granite: ore fluid source 1230 00
Slide 13: Kollo Prospect: High Grade Veins
Kollo Prospect: High Grade Veins • Dec 2009 discovery, 1km SW of Kollo South: < 0.75m wide NE trending Au‐ For personal use only quartz vein extension & repetitions • average over 50m artisinal material (~ROM): 23.5g/t Au NE trending sub‐ outcropping veins dollied average artisinal material (23.5g/t
Slide 14: Doulnia Project Overview
Doulnia Project Overview Artisinal Gold For personal use only Workings 1240 000N Tiebele Granite Faults DTEM conductors 1230 000N ASTER‐defined sericite alteration Zinc‐in‐soil anomaly Phase 1 1220 000N Drill Area Tenement Boundary Burkina Faso 14 Ghana
Slide 15: Kollo Phase 1 Drilling
For personal use only Kollo Phase1 Drilling KRC017: 1.6km ENE zones of (sub) 24 RC drill holes 1741m outcropping Targeted: multiple quartz veins • active artisinal workings • trenched veins • +250ppb soil anomalies • +5g/t rock‐chips 1000m 4.6km of Kollo structure positively tested 58% of holes +0.5
Slide 16: 2010 Work Programme
2010 Work Programme Activity Time Status For personal use only 1. Soil sampling (redo Kollo) Feb‐Mar In lab. Results pending 2. Trenching: (redo & extend Kollo) Feb‐Mar In lab. Results pending 3. ASTER survey Mar Complete 3. Geological mapping Mar‐June Underway 4. Aeromagnetic survey late Apr Contra
Slide 17: Good Corporate Citizens
Good Corporate Citizens Burkina Faso: For personal use only •GDP per capita: US$300 (128th) Doulnia, •Net Food importer Burkina Faso • limited modern agriculture Doulnia District: • Flat fertile loam •~950mm rainfall pa (>Margaret River) West Africa Rainfall Map • unrealised high biomass production
Slide 18: Tungsten Overview
For personal use only Tungsten Overview Tungsten Uses Spot Tungsten Prices (APT) CRU Prediction Actual 2008 2009 2010 2011 2012 2013 Tungsten vs Global GDP Global Tungsten Balance 2013 Tonnes of contained W market deficit: 4500t W 18
Slide 19: Watershed Tungsten Deposit
Watershed Tungsten Deposit 15.1Mt @ 0.46% WO3: 69300 t WO3 For personal use only (41% of O’Callaghan’s inferred resource & 158% of its grade) • 50 000m drilling done for Indicated Resource* • Hunan Non‐Ferrous Metal Corporation mission for mid 2010 *JORC Code (2004) compliant PFS Issue Impact Action
Slide 20: "V" is for Vital
“V” is for Vital For personal use only “This is not the end, it is not even the beginning of the end, but it is definitely the end of the beginning” 20
Slide 21: Appendix: Watershed JORC Category progression
Appendix 1 For personal use only Schematic illustration of Watershed JORC Category progression Inferred Indicated Measured Resource Resource Resource previous plan new plan Reserve Reserve Reserve current position 21