Slide 1: RIU Explorers Conference Presentation
RIU EXPLORERS CONFERENCE PRESENTATION FREMANTLE, WESTERN AUSTRALIA 16th to 18th FEBRUARY 2021 ASX : VMS
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 ▪ Riley now fully funded to complete wet screening plant construction and to deliver first iron ore shipment scheduled for Q2 2021; ▪ Drilling confirms VMS system with up to 7% Zinc returned from first assays at Orcus prospect, Golden Grove North; ▪ Trench Results at Kulin Confirm Signifi
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$75m (@ A$0.062) Shares on Issue 1,208m Enterprise Value A$71m Unlisted Options: 72.4m Cash at 31 December 2020 A$4m 10.9m @ A$0.001, 25m @ A$0.052, 26m @ A$0.06, 5m @ A$0.077, 1m @ A$0.45, 2m @ A$0.50, 2.5m @ A$0.55 Top 20 Shareholders 27.5% V
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 Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu RIU Explorers Conference Presentation | 16 Feb
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RIU Explorers Conference Presentation | 16 February 2021 Page 7
Slide 8: Riley Iron Ore Mine – Ore Deposit
Riley Iron Ore Mine – Ore Deposit RIU Explorers Conference Presentation | 16 February 2021 Page 8
Slide 9: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently • Funding for the Wet Screening Plant and first shipment working capital is now complete; • All long lead equipment items sourced and secured; • Wet Screening Plant construction is well advanced with site infrastructure completed, and Steel Fabrication works and assem
Slide 10: Upcoming Milestones and Conclusions for Riley
Upcoming Milestones and Conclusions for Riley Upcoming milestones include: • Commissioning of wet screening plant; • First ore haulage; • First ore shipment. Conclusions: • Venture targeting first shipment Q2 2021; • Exciting phase for the Company as it looks to move from explorer to producer. RIU E
Slide 11: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu RIU Explorers Conference Presentation | 16 Feb
Slide 12: Golden Grove North Project
Golden Grove North Project ▪ 288 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); ▪ 25 strike kilometres of a largely untested, prospective sequence for VMS style mineralisation; 25km of Prospective ▪ Historic shallow gold drill VMS Style Sequence intersections including 8 Endo
Slide 13: Initial Exploration Identified Four VMS Prospects
Initial Exploration Identified Four VMS Prospects ▪ Vulcan Prospect: Rock chips - 23% Cu, 3.3g/t Au Gossan mapped at surface ▪ Vulcan West Prospect: VMS style mineralisation in historic drilling ▪ Vulcan North Prospect: Large VMS soil anomaly Ex sulfides mapped at surface ▪ Neptune Prospect: Anomalo
Slide 14: Moving Loop EM Survey Delivers new stronger conductors
Moving Loop EM Survey Delivers new stronger conductors ▪ Completed a critical acquisition of Orcus Prospect containing historic drill intersections of: 22m @ 0.76g/t Au, 0.64% Cu & 1.3% Zn; ▪ Initial ground based Electromagnetic (EM) survey delivers “walk up” drill targets at all four prospects: Vul
Slide 15: Orcus – Venture's maiden drilling confirms VMS
Orcus – Venture’s maiden drilling confirms VMS system with up to 7% Zinc returned from first assays RIU Explorers Conference Presentation | 16 February 2021 Page 15
Slide 16: Moving Loop EM Survey identifies several new stronger conductors
Moving Loop EM Survey identifies several new stronger conductors for drill testing ▪ Venture has confirmed that a large (>800m long, 600m down dip) EM Diamond conductor at Orcus hosts significant VMS drilling to target new mineralisation; high intensity EM plates ▪ Moving Loop Electromagnetic (MLEM)
Slide 17: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu RIU Explorers Conference Presentation | 16 Feb
Slide 18: Kulin – Gold Discovery delivers Drill Ready Targets
Kulin – Gold Discovery delivers Drill Ready Targets ▪ Kulin is also located in an emerging Western Australian Gold Province. Kulin is within the South West Terrane of the Yilgarn Archean Craton which already contains several major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd
Slide 19: Trench Results at Kulin Confirm Significant Gold System
Trench Results at Kulin Confirm Significant Gold System ▪ A recently completed trenching program over some of the high order gold in soil anomalies at Kulin, has delivered substantial mineralised intervals of up to 31 metres at 1.0g/t gold (Au) from KUT02 and 20 metres @ 0.6g/t Au from KUT04; ▪ The
Slide 20: Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries
Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries ▪ Kulin Project is located ~230 km south- southeast of Perth in WA. Venture is focusing on the interpreted layered mafic-ultramafic intrusion near the town of Kulin, with Chalice’s Julimar Ni-Cu-PGE discovery sitting along tren
Slide 21: Chalice to earn-in on Julimar look-a-like in the South West Project
Chalice to earn-in on Julimar look-a-like in the South West Project ▪ Chalice Gold Mines (ASX:CHN) who recently discovered the new exciting Julimar Ni-Cu-PGE discovery in a new province near Perth, Western Australia has committed to spend up to $3.7M to earn 70% in Venture’s South West Project; ▪ Ch
Slide 22: Chalice's Julimar and Venture's South West Projects
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale * Refer Chalice Gold Mines ASX announcement 21st July 2020 RIU Explorers Conference Presentation | 16 February 2021 Page 22
Slide 23: Chalice's Julimar and Venture's South West Projects
Chalice’s Julimar and Venture’s South West Projects also have EM anomalies of a similar scale * Refer Chalice Gold Mines ASX announcement 22nd September 2020 RIU Explorers Conference Presentation | 16 February 2021 Page 23
Slide 24: South-West Project poised to deliver early Ni-Cu-PGE exploration success
South-West Project poised to deliver early Ni-Cu-PGE exploration success to the Chalice JV ▪ Thor has a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions with potential to host Julimar type mineralisation; ▪ Recent EM survey having identified 13
Slide 25: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu RIU Explorers Conference Presentation | 16 Feb
Slide 26: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY TIN-TUNGSTEN PROJECT RIU Explorers Conference Presentation | 16 February 2021 Page 26
Slide 27: 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 28: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin ▪ SOLDER MARKET TECHNOLOGY DRIVERS: ▪ Electronics miniaturization impact fading, ▪ Lead-free conversion has resumed. ▪ 5G TO LEAD THE NEW ELECTRONICS ERA: ▪ 5G to be the platform for connected future, ▪ Two phases of infrastructure build, ▪ Real market boo
Slide 29: 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 30: Mount Lindsay Tin-Tungsten Highlights
Mount Lindsay Tin-Tungsten 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 deliverin
Slide 31: 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: 291,600t of Tin* *Source: MLX ASX Announcement 23 June 2020 RIU Explorers Conference Presentation | 16 February 2021 Page 31
Slide 32: Major EM Survey at Mount Lindsay identifies new targets
Major EM Survey at Mount Lindsay identifies new targets RIU Explorers Conference Presentation | 16 February 2021 Page 32
Slide 33: Conclusions
Conclusions ▪ Exciting phase for the Venture as it looks to move from explorer to producer with first shipment from Riley; ▪ Maiden drilling at Orcus delivers high grade Zinc and Copper, Gold and Silver enhancing the potential to host a significant body of VMS mineralisation at Golden Grove North; ▪
Slide 34: RIU Explorers Conference Presentation
RIU EXPLORERS CONFERENCE PRESENTATION FREMANTLE, WESTERN AUSTRALIA 16th to 18th FEBRUARY 2021 ASX : VMS