Variscan Mines Limited · ASX:VAR
Variscan Mines — Shareholder Meeting (November 2020)
38 slides from Variscan Mines's shareholder meeting presentation, Nov 30, 2020
Slide 1: Annual General Meeting & Investor Presentation
ASX Announcement – 30 November 2020 ANNUAL GENERAL MEETING & INVESTOR PRESENTATION Variscan Mines Limited ("Variscan" or the "Company" or the “Group”) (ASX:VAR) is pleased to attach the presentation provided at the Company’s Annual General Meeting. ENDS For further information: Variscan Mines Limite
Slide 2: Annual General Meeting Presentation November 2020
Annual General Meeting Presentation November 2020
Slide 3: Disclaimer
DISCLAIMER This document is for information purposes only. It is not a pros pectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this presentation is not an offer of securit
Slide 4: Variscan Mines
VARISCAN MINES
Slide 5: Variscan Mines (ASX:VAR) Corporate Snapshot
VARISCAN MINES (ASX:VAR) CORPORATE SNAPSHOT Shares on Issue 210.1 million VAR LEADERSHIP TEAM Share Price (25 Nov ‘20) $0.034 Market Capitalisation $7.14 million Dr. Foo Fatt Kah Cash (30 Sep ’20) $2.30 million Non-Executive Chairman Enterprise Value $4.84 million Options on Issue 30.7 million Stewa
Slide 6: AGM: Year in Review: Executing Our Strategy
AGM: YEAR IN REVIEW: EXECUTING OUR STRATEGY RETAINED FORMER TRANSFORMATIONAL TECHNICAL COLLATED VALUABLE ACCEPTED AS A OPERATIONS MEMBER OF THE ACQUISITION AGREEMENT WITH DATABASE: DIRECTOR & MINER AT EUROPEAN COMPLETE SCHOOL OF MINES, 426 UNDERGROUND SAN JOSE MINE BATTERY UNIV. OF DRILLHOLES FOR CA
Slide 7: Maintaining Strict Cost Control & Resource Allocation
MAINTAINING STRICT COST CONTROL & RESOURCE ALLOCATION* § Staff, Admin & Corporate costs well under control § COVID cost cutting measures were effective 450 400 350 300 250 200 150 100 50 0 Staff costs Administration & Corporate costs | ASX:VAR * See ASX 5b Announcements 6
Slide 8: High Impact Portfolio of Assets
HIGH IMPACT PORTFOLIO OF ASSETS Variscan Mines Limited ASX:VAR (Australia) 100% 100% 10.4% Novales-Udias Project Guajaraz Project Rosario Project (Spain) (Spain) (Chile) § Priority #1 Project § High quality brown-field § Grant of Earn-In Right to zinc-rich polymetallic VAR up to 90% § Early stage pr
Slide 9: High Grade Spanish Zinc Projects
HIGH GRADE SPANISH ZINC PROJECTS | ASX:VAR 8
Slide 10: Novales-Udias: 68.3km2 of Contiguous Tenement Holding
NOVALES-UDIAS: 68.3km2 OF CONTIGUOUS TENEMENT HOLDING EXPLORATION & MINING CONCESSIONS ALREADY GRANTED* 55.8km2 Granted Exploration Concession, initial 3yr term, extendable by 3yrs 12.5km2 Granted Mining Concessions 18yrs to run 1k m | ASX:VAR * See ASX Announcement 29 July 2019 9
Slide 11: Exploiting Upside Potential from De-risked Proven Mining Areas
EXPLOITING UPSIDE POTENTIAL FROM DE-RISKED PROVEN MINING AREAS | ASX:VAR 10
Slide 12: 9km Mineralised Trend Identified Across the Tenement Holding
9KM MINERALISED TREND IDENTIFIED ACROSS THE TENEMENT HOLDING § Regional scale opportunity in Cantabria, Spain § Significant 9km mineralised trend has been delineated from contemporary and historical exploration data across both Buenahora exploration and Novales mining permits § Camp scale footprint
Slide 13: World Class Mineral Endowment
WORLD CLASS MINERAL ENDOWMENT
Slide 14: Cantabria Hosts Mineral Deposits of European Significance
CANTABRIA HOSTS MINERAL DEPOSITS OF EUROPEAN SIGNIFICANCE Source: BRGM; Euromines | ASX:VAR 13
Slide 15: Zinc-Lead Mineralisation (MVT) in Cantabria
ZINC-LEAD MINERALISATION (MVT) IN CANTABRIA SANTANDER NOVALES -UDIAS REOCÍN Source: Ruperéz et al., 2011. | ASX:VAR 14
Slide 16: Close Proximity to One of the Largest MVT Deposits: Reocín
CLOSE PROXIMITY TO ONE OF THE LARGEST MVT DEPOSITS: REOCÍN REOCÍN : A GLOBALLY SIGNIFICANT WORLD CLASS ZINC MINE VARISCAN LICENCES LOCATED ON THE REOCÍN FORMATION BENCHMARKING 113 MVT DEPOSITS: GRADE/TONNAGE CURVES § Reocín is <10km from Novales § Reocín Zinc Mine (62Mt @ 8.7%Zn, 1%Pb) § Both are si
Slide 17: San Jose - Novales Mine
SAN JOSE - NOVALES MINE
Slide 18: San Jose Mine: Current Underground Drilling Programme
SAN JOSE MINE: CURRENT UNDERGROUND DRILLING PROGRAMME* § Initial 2,000m diamond drilling programme commenced Objectives: § Testing high-grade targets identified from historic drilling including potential extensions of mineralization: § along strike to the north and south of elongated existing stopes
Slide 19: San Jose Mine: 1st Targets for Current Drilling
SAN JOSE MINE: 1st TARGETS FOR CURRENT DRILLING* “LA CASETA” TARGET: MULTIPLE HIGH GRADE HISTORICAL DRILL EARLY DRILL TARGETS PLANNED INTERSECTIONS IN-SITU INC. 21.6m @22.4% Zn) | ASX:VAR * See ASX Announcement 26 November 2020 18
Slide 20: San Jose Mine: Future Drilling Targets & Opportunities
SAN JOSE MINE: FUTURE DRILLING TARGETS & OPPORTUNITIES* SUFFICIENT TARGETS ALREADY IDENTIFIED FOR FOLLOW-ON DRILL CAMPAIGN OF ~4,000M | ASX:VAR * See ASX Announcement 23 November 2020 19
Slide 21: Historical Drilling Data Has Significantly Enhanced Drill Plans
HISTORICAL DRILLING DATA HAS SIGNIFICANTLY ENHANCED DRILL PLANS § Valuable database collated: 426 underground drillhole collars, for ~29,902m and 102 surface drillhole collars, totaling ~18,870m § Unmined positive drilling intersections remaining § 300m distance between historical underground drilli
Slide 22: High Grade Historic Surface Drilling Results
HIGH GRADE HISTORIC SURFACE DRILLING RESULTS* | ASX:VAR * See ASX Announcement 03 February 2020 21
Slide 23: Potential Above & Below Existing Mine Drive + Lateral Extensions
POTENTIAL ABOVE & BELOW EXISTING MINE DRIVE + LATERAL EXTENSIONS | ASX:VAR * See ASX Announcement 26 August 2020 22
Slide 24: San Jose – Novales Mine: Local Infrastructure Is in Place
SAN JOSE – NOVALES MINE: LOCAL INFRASTRUCTURE IS IN PLACE ROAD ACCESS OFFICE CORE SHACK ELECTRIC GRID CONNECTION WORKSHOP MINE ENTRANCE ROAD ACCESS § Potential water supply from small river <100m from mine site § Water treatment site <100m from mine site | ASX:VAR 23
Slide 25: San Jose – Novales Mine: Infrastructure Is Ready for Drilling
SAN JOSE – NOVALES MINE: INFRASTRUCTURE IS READY FOR DRILLING | ASX:VAR 24
Slide 26: Past Producer Means Low Restart Capital: A Huge Advantage
PAST PRODUCER MEANS LOW RESTART CAPITAL: A HUGE ADVANTAGE § Anticipated low CAPEX restart § Significantly less restart capex required due to onsite infrastructure and extensive underground development § Threshold for discovery is much smaller as low initial cap-ex requirements do not speak to the ne
Slide 27: Buenahora - Udias
BUENAHORA - UDIAS
Slide 28: Udias: High Grade Historic Drilling Results
UDIAS: HIGH GRADE HISTORIC DRILLING RESULTS* | ASX:VAR * See ASX Announcement 03 February 2020 27
Slide 29: Geochemistry – Soil Sample Results
GEOCHEMISTRY – SOIL SAMPLE RESULTS* MAGDALENA SINFROSA | ASX:VAR * See ASX Announcement 12 August 2020 28
Slide 30: Geochemistry – Rock Chip Results
GEOCHEMISTRY – ROCK CHIP RESULTS* | ASX:VAR * See ASX Announcement 28 July 2020 29
Slide 31: Looking Ahead: Future Work Plan – Next 6 Months
LOOKING AHEAD: FUTURE WORK PLAN – NEXT 6 MONTHS HIGH IMPACT ACTIVITIES è RESULTS + PROJECT DEVELOPMENT + NEWSFLOW 2020 2021 Work plan Status Nov Dec Jan Feb Mar Apr 3D Survey Results Completed Phase 1 Phase 2 Underground Drilling Ongoing [San Jose – Novales Mine] Phase 1 Phase 2 Phase 3 Drilling Ass
Slide 32: Zinc
ZINC
Slide 33: Zinc: Positive Price Performance & Outlook
ZINC: POSITIVE PRICE PERFORMANCE & OUTLOOK § Zinc, along with the entire base metal complex, was materially affected by COVID-19 but has since recovered. § Zinc market, which is principally driven by auto and construction demand for galvanised steel, is expected to recover strongly in conjunction wi
Slide 34: Zinc: A Metal for a Greener Future
ZINC: A METAL FOR A GREENER FUTURE UNSUNG HERO OF THE CONSTRUCTION INDUSTRY BATTERY & ENERGY REVOLUTION ü Drive towards sustainable construction ü Zinc is rust and corrosion-resistant, weatherproof, ultra violet light proof and even earthquake proof à decades of service with virtually no degradation
Slide 35: Zinc Batteries Potential Game Changers in Energy Storage
ZINC BATTERIES POTENTIAL GAME CHANGERS IN ENERGY STORAGE | ASX:VAR Source: International Zinc Association 34
Slide 36: Zinc: Positive Impact Due to New Technologies
ZINC: POSITIVE IMPACT DUE TO NEW TECHNOLOGIES | ASX:VAR Source: Rio Tinto 35
Slide 37: Stay Connected
STAY CONNECTED CONTACT THE MANAGING DIRECTOR stewart.dickson@variscan.com.au +44 7799694195 § +61 8 93169100 § info@variscan.com.au § www.variscan.com.au Variscan Mines Cantabria, S.L. Variscan Mines Limited Bo Ronaz, s/n Novales Suite 8, 7 The Esplanade 39526 Alfoz de Lloredo – Cantabria Mt Pleasan
Slide 38: ASX:VAR
| ASX:VAR 37