Critica Limited · ASX:CRI
Critica — Gold Coast Investment Showcase 2019
37 slides from Critica's conference presentation, Jun 25, 2019
Slide 1: Venture Minerals Limited – Gold Coast Investment Showcase
Venture Minerals Limited Gold Coast Investment Showcase 25-26 June 2019
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 • Leveraging off strong commodity prices, a favourable exchange rate and over $45 million spent previously on its advanced mining projects in the North-West of Tasmania; • Riley Mine off-take now secured with Tier 1 Iron Ore trader; • Previous Riley mining study to be updated over the com
Slide 4: Corporate Snapshot
Corporate Snapshot Summary Capital Raising History ASX Code: VMS June 2019 Placement and Underwritten Accelerated rights issue of 286.3m shares at $0.02 for $5.7m to be completed. July 2018 Two Tranche Placement of 85.1m shares at A$0.03 Shares on issue: 651.3m for A$2.5m; September 2017 Placement o
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 Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Cu-Zn-Au North West Tasmanian Projects Mt Lindsay Tin-Tungsten, Riley & Livingstone DSO Hematite South West Project Thor Cu-Pb-Zn Prospect & Odin Li & Ni-Cu Prospects Kulin Project PGE -Ni – Cu Venture Minerals |Gold Coast Investment
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits Venture Minerals |Gold Coast Investment Presentation | June 2019 7
Slide 8: Riley DSO Deposit
Riley DSO Deposit Immediately accessible Ore Reserves of 1.8mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals |Gold Coast Investment Presentation | June 2019 8
Slide 9: Riley DSO Hematite Project – review underway to restart mine operations
Riley DSO Hematite Project – review underway to restart mine operations • Riley Mine off-take now secured with Tier 1 Iron Ore trader; • The current price is now more than 50%* higher in AUD terms than it was upon suspending operations. Since last December, the 62% Fe price has risen almost 60%* in
Slide 10: Riley DSO Hematite Project – Resources & Reserves
Riley DSO Hematite Project – Resources & Reserves Resource Statement - Riley DSO Project Fe Fe (%) P S LOI Resource Tonnes SiO2 (%) Al2O3 (%) (%) Calcined (%) (%) (%) Indicated 2.0mt 57 62 3.3 2.7 0.03 0.08 7.9 Note: Refer to ASX announcement on 19 June 2019 and 21 June 2019. Reserve Statement - Ril
Slide 11: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit Venture Minerals |Gold Coast Investment Presentation | June 2019 11
Slide 12: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals |Gold Coast Investment Presentation | June 2019 12
Slide 13: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 14: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 15: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 16: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals |Gold Coast Investment Presentation | June 2019 16
Slide 17: Tin Market Outlook
Tin Market Outlook • Tin today at about US$19,000/t or ~A$27,500/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000tpa by 2030; • Visible Tin Sto
Slide 18: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Venture Minerals |Gold Coast Investment Pre
Slide 19: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit Venture Minerals |Gold Coast Investment Presentation | June 2019 19
Slide 20: EV Metal Demand, time to re-assess Mount Lindsay
EV Metal Demand, time to re-assess Mount Lindsay • EV 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 world, containing in excess of 80,000* tonnes of tin
Slide 21: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 22: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project Highlights • Approximately 83,000m of diamond core drilling used to define JORC compliant resources with +60% in the Measured & Indicated categories; • Feasibility Study completed with comprehensive metallurgical test-work, with further post feasibility test-work d
Slide 23: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin Combined Resources of Measured/Indicated/Inferred: 215,700t of Tin* Venture Minerals |Gold Coast Investment Presentation | June 2019 *Source: MLX ASX Announcement 23 August 2018 23
Slide 24: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Cu-Zn-Au North West Tasmanian Projects Mt Lindsay Tin-Tungsten, Riley & Livingstone DSO Hematite South West Project Thor Cu-Pb-Zn Prospect & Odin Li & Ni-Cu Prospects Kulin Project PGE -Ni – Cu Venture Minerals |Gold Coast Investment
Slide 25: South West Project – Location Map
South West Project – Location Map • Venture holds a 281 km² land holding within the Greenbushes Mineral District host to the world’s largest hard rock lithium mine (produces ~40% of the worlds-lithium); • Several VMS (Volcanogenic Massive Sulfide) targets identified including the Thor Prospect; • Su
Slide 26: Thor Prospect – Geochemical Target & Historic Drill Core
Thor Prospect – Geochemical Target & Historic Drill Core • Large geochemical VMS New Thor style target identified prospect hosting from surface sampling; large VMS Style Historic drill Target core containing • Massive sulfides identified VMS Style in historic drill core near Massive sulfides Thor Ta
Slide 27: Thor Prospect – Thor & Kingsley Bi laterite soil contours on VTEM
Thor Prospect – Thor & Kingsley Bi laterite soil contours on VTEM flown in 2005 New Thor prospect hosting large VMS Historic Kingsley Style Target prospect hosting VMS Style Massive sulfides Venture Minerals |Gold Coast Investment Presentation | June 2019 27
Slide 28: Massive Sulfide in Core from Maiden Drilling at the Thor Prospect
Massive Sulfide in Core from Maiden Drilling at the Thor Prospect Venture Minerals |Gold Coast Investment Presentation | June 2019 28
Slide 29: Thor VMS Target with drilling on aeromagnetic image
Thor VMS Target with drilling on aeromagnetic image Venture Minerals |Gold Coast Investment Presentation | June 2019 29
Slide 30: New Major EM Survey completed at Thor in September 2018
New Major EM Survey completed at Thor in September 2018 Venture Minerals |Gold Coast Investment Presentation | June 2019 30
Slide 31: Final EM survey results confirm Priority Targets for drill testing
Final EM survey results confirm Priority Targets for drill testing in December 2018 Thor Priority VMS Drill Targets Historic Kingsley VMS Prospect *Reference GSWA Record 2017/9: Metamorphosed VMS Mineralization at Wheatley, Southwest, WA by LY Hassan Venture Minerals |Gold Coast Investment Presentat
Slide 32: Drilling intersects further massive sulfides with Copper & Zinc mineralisation
Drilling intersects further massive sulfides with Copper & Zinc mineralisation Thor Priority VMS Drill Targets Historic Kingsley VMS Prospect *Reference GSWA Record 2017/9: Metamorphosed VMS Mineralization at Wheatley, Southwest, WA by LY Hassan Venture Minerals |Gold Coast Investment Presentation |
Slide 33: Oblique View of EM Survey Results with latest drill intersections
Oblique View of EM Survey Results with latest drill intersections NORTH 86m zone of disseminated sulfides from 232m zone 50 siemens/metre shell 20 siemens/metre shell 100 siemens/metre shell 2.4m of massive sulfide within 136m zone of disseminated sulfides from 186m zone Venture Minerals |Gold Coast
Slide 34: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Cu-Zn-Au North West Tasmanian Projects Mt Lindsay Tin-Tungsten, Riley & Livingstone DSO Hematite South West Project Thor Cu-Pb-Zn Prospect & Odin Li & Ni-Cu Prospects Kulin Project PGE -Ni – Cu Venture Minerals |Gold Coast Investment
Slide 35: New Acquisition - Golden Grove North
New Acquisition - Golden Grove North • 374 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); 25 strike kilometres of a largely untested, prospective sequence for VMS style 25km of Prospective mineralisation; VMS Style Sequence Endowment • Historic shallow gold drill (Resources
Slide 36: Conclusions
Conclusions Venture’s Riley Iron Ore Mine is well leveraged to the improving Iron Prices and by securing the off-take it has completed a major milestone towards recommencing the mining operations; A positive decision from the updated Riley mining study would see iron ore production commence in t
Slide 37: Thank You
Thank You Any questions please see us at our Table Venture Minerals | Investor Presentation| June 2019 www.ventureminerals.com.au