Vault Minerals Limited · ASX:VAU

Vault Minerals — Red 5 — RIU Explorers Conference 2018

21 slides from Vault Minerals's conference presentation, Feb 22, 2018

1. Slide 1: RIU Explorers Conference presentation

   ASX Code: RED For personal use only 20-22 February 2018 – Mark Williams, Managing Director

2. Slide 2: Competent Person's Statement & Disclaimer

   Competent Person’s Statement & Disclaimer Competent Person Statement for Exploration Results For personal use only The information in this presentation which relates to Exploration Results is extracted from the ASX announcement titled High-Grade Drilling Results Confirm Potential for Resource Extens

3. Slide 3: Red 5 – Corporate Summary

   Red 5 – Corporate Summary For personal use only Share Price Issued Shares Market Cap • Kevin Dundo Chairman (at 20/02/18) (undiluted) (at 20/02/18) • Mark Williams Managing Director A$0.071 1,240.7M A$88.0M • Ian Macpherson Non-executive Director • Colin Loosemore Non-executive Director Enterprise V

4. Slide 4: Red 5 Projects: 2.4Moz Resource Inventory

   Red 5 Projects: 2.4Moz Resource Inventory Siana Gold Project, Philippines For personal use only • Open pit and underground mining Darlot Gold Mine, WA • CIL process plant • Underground mining • Operations temporarily suspended • CIL process plant Mapawa Project, Philippines King of the Hills Gold Pr

5. Slide 5: Consolidation and Growth Strategy – WA

   Consolidation and Growth Strategy – WA  New Australian gold producer following successful acquisition of two For personal use only projects in the prolific Yandal and Leonora greenstone belts:  Darlot Gold Mine – operating UG mine with 2.7Moz gold production history, 0.83Mtpa plant, extensive infr

6. Slide 6: Growth Potential – Against Peers

   Growth Potential – Against Peers For personal use only Projects with processing option in Projects with no current place or close to commissioning processing option (average A$130/oz) (average A$60/oz) Source: Share Prices from ASX 13 Feb 2018, company data from company releases up to 9 Feb 2018  R

7. Slide 7: Darlot – Mining and Operational Strategy

   Darlot – Mining and Operational Strategy  Acquisition completed 2 October 2017 For personal use only  Gold production of 17,777oz and gold sales of 16,150oz for Dec 2017 Quarter; AISC A$1,291/oz  Multiple working areas including higher grade CDA Oval workings (Centenary mine)  Key focus on minin

8. Slide 8: Growth Potential – Resources & Reserves

   Growth Potential – Resources & Reserves  Updated JORC 2012 Resource of 6.0Mt @ 4.6g/t for 895koz – For personal use only four-fold increase in contained ounces over previous Gold Fields SAMREC Resource estimate4, primarily due to:  Inclusion of areas previously considered sterilised  Reduced mini

9. Slide 9: Growth Potential – Near-Mine Extensional Drilling

   Growth Potential – Near-Mine Extensional Drilling For personal use only  Underground diamond drilling commenced January 2018 targeting immediate western and down dip extensions of the CDA Oval resource  Extensions along strike and down- plunge can be readily accessed from existing infrastructure 

10. Slide 10: Darlot – An Explorer's Delight

    Darlot – An Explorer’s Delight  Rich goldfield with production of 2.7Moz over a 28-year operating For personal use only history7  Positioned in the heart of the highly prospective Yandal Greenstone Belt  Total land-holding of approximately 13,900ha with tenements in good standing – minimal third

11. Slide 11: Darlot – A Systematic Build-up of Knowledge

    Darlot – A Systematic Build-up of Knowledge  Extensive available datasets include: For personal use only  Induced Polarisation survey data  Tenement-wide multi-element geochemistry  Mineral deposit fingerprinting  Alteration mapping – spectral data analysis  Airborne and detailed ground magnet

12. Slide 12: Darlot – Multiple Near-Surface & Deep Targets

    Darlot – Multiple Near-Surface & Deep Targets For personal use only Aurora Target – strong Darlot - Key multi-element geochemical underground targets target along strike from Centenary Waikato Open Pit – Magnetic Target - near surface resource in- Waikato IP, Thrust fill drilling and Repeat Mine Tar

13. Slide 13: Aurora – Looking for Centenary Repeat

    Aurora – Looking for Centenary Repeat A1 For personal use only  Priority target area located just 1km south-east of existing Centenary operation  A doppelgänger for the Centenary Mine:  Sits in the same host magnetic dolerite position as Centenary  Has 13 of the 15 geochemical characteristics th

14. Slide 14: Waikato Open Pit – Magnetic Target

    Waikato Open Pit – Magnetic Target  2km of largely untested strike potential Darlot-Centenary For personal use only  High priority walk-up drill targets identified:  Magnetic high feature 300m NW of Waikato North and 400m SE of Waikato South  400m section of magnetic high response between Waikat

15. Slide 15: Waikato Deep – IP, Thrust Repeat Mine Targets

    Waikato Deep – IP, Thrust Repeat Mine Targets  Strong Induced Polarised chargeability response Magnetics For personal use only coincident with magnetic stratigraphy (Mt Pickering Dolerite):  Intersected by major regional Oval and Lords structures, with El Dorado fault located to the east  Cut by

16. Slide 16: Darlot – Key Underground Targets

    Darlot – Key Underground Targets  Lords High Amplitude – identified in seismic data, is For personal use only El Dorado along strike of major mine controlling structure, nearby North Lords High Oval Inverse Polarisation response, ~700m from UG Amplitude North infrastructure West  Oval North West –

17. Slide 17: King of the Hills Mine – Growth and Upside

    King of the Hills Mine – Growth and Upside  Located in prolific Leonora Greenstone Belt For personal use only  Underground Indicated and Inferred Resource of 2.71Mt @ 4.6g/t Au for 402koz3  Underground mining, grade control and Resource drilling commenced January 2018  Studies underway on potent

18. Slide 18: King of the Hills – Regional Targets

    King of the Hills – Regional Targets  11,751 ha tenement package in the Leonora Greenstone For personal use only Belt, complete with extensive high-quality exploration datasets:  High resolution magnetics  High resolution gravity  2D seismic lines (over deposit position)  Tenement wide soil geo

19. Slide 19: Siana Gold Project, Philippines

    Siana Gold Project, Philippines  Mining suspended at Siana Gold Project in April 2017 in response For personal use only to regulatory delays  Suspension plan rapidly and effectively implemented to preserve the significant retained value of the large in-ground gold inventory at Siana  During the p

20. Slide 20: Red 5 Limited – Summary and Outlook

    Red 5 Limited – Summary and Outlook For personal use only  Dynamic growth strategy in the Australian gold sector underway, while preserving inherent value of Philippines projects  The combination of Darlot and King of the Hills provides:  A commanding 25,700ha footprint in the highly-endowed Leon

21. Slide 21: Thank-you.

    For personal use only Thank-you. 21 ASX Code: RED

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