Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Precious Metals Summit Beaver Creek 2019
27 slides from Vault Minerals's conference presentation, Sep 13, 2019
Slide 1: Creating a multi-asset, mid-tier Australian gold producer
For personal use only Creating a multi-asset, mid-tier Australian gold producer Precious Metals Summit Beaver Creek - September 2019 ASX Code: RED Mark Williams, Managing Director
Slide 2: Competent Person’s Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High-Grade Drilling Results Confirm Potential for Resource Extens
Slide 3: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile For personal use only Our Company Vision “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 4: Red 5 growth pathway and optionality
Red 5 growth pathway and optionality For personal use only Acquired Darlot & King of the Hills Ongoing mining and processing operations at Darlot Darlot Reserve Darlot Reserve Darlot Reserve (131koz) (307koz) (TBA) 2017 2018 2019 2020 KOTH Resource Siana operations KOTH (3.1Moz) suspended Resource K
Slide 5: Pathway to be a multi-asset, mid-tier gold producer
Pathway to be a multi-asset, mid-tier gold producer For personal use only KING OF DARLOT THE HILLS STRONGER FY 2019/2020 Australia’s next BALANCE 110-120kozpa production premier gold SHEET project Successful integration of two Open Pit Reserve of ~1.5Moz Cash/Bullion A$24.9M at June 2019 “unlo
Slide 6: Strong leadership team with operating expertise
Strong leadership team with operating expertise For personal use only Red 5 has a strong and capable team, with many years of mining and development experience at both Red 5 and in prior multi-billion international development projects – well placed to deliver the future KOTH development Board Manag
Slide 7: Darlot – operating asset
For personal use only Darlot – operating asset 7
Slide 8: Eastern Goldfields operations
Eastern Goldfields operations For personal use only June 2019 Quarter gold recovered was 30Koz at AISC of A$1,331/oz1 vs guidance of 27-31Koz at AISC of A$1,300-$1,450/oz2 Sept 2019 Quarter guidance 27-31Koz at AISC of A$1,400 – A$1,550/oz1 Flexible mining strategy to accommodate multiple unde
Slide 9: King of the Hills – unlocking value for shareholders
For personal use only King of the Hills – unlocking value for shareholders 9
Slide 10: Potential to be a major Australian gold mine
KOTH – potential to be a major Australian gold mine For personal use only 10
Slide 11: Open pit Reserve 1.45Moz
KOTH - open pit Reserve 1.45Moz For personal use only Gold Contained JORC 2012 Cut-off Mining Tonnes Deposit Grade Gold Classification (g/t) Method (Mt) (g/t) (koz) King of the Hills Probable 0.43 Open pit 36.0 1.25 1,448.0 Rainbow Probable 0.37 Open pit 1.4 1.00 44.2 TOTAL 37.4 1.24 1,492.2 KOTH
Slide 12: Now one of Australia’s top gold deposits
KOTH - now one of Australia’s top 20 gold deposits Sorted by Reserve ounces Resources Reserves For personal use only Operation Owner Mt g/t Moz Mt g/t Moz Cadia Newcrest 3175 0.4 37.6 1480 0.5 22.5 KOTH Open Pit Reserve is the Boddington Newmont 928 0.6 18.6 574 0.7 12.4 Golden Mile (100%) Newmont/B
Slide 13: 1.45Moz Reserve is conservative
1.45Moz Reserve is conservative For personal use only Revenue Gold Rock Waste Strip Ore Pit optimisation runs for a series Price (Moz) of pit shells using a Revenue Factor 1 Mt Mt Ratio Mt Grade A$/oz Factor (RF) 1.00 = A$1800/oz 0.60 1080 99.9 85.2 5.78 14.7 1.65 0.78 A$1530/oz pit shell (RF 0.
Slide 14: Reserve will continue to grow
KOTH – Reserve will continue to grow For personal use only Total Open Pit & Underground KOTH Resource as at May 2019 Cut-off Mining Tonnes Gold Contained Gold 65% increase in Resource Classification since 4 December 2018 (g/t) Method (000t) (g/t) (000oz) Indicated 0.4-1.0 OP+UG 53,100 1.4 2,350
Slide 15: Mineralization open in all directions
KOTH - Mineralization open in all directions For personal use only The endowment under the north pit is 5,000 oz/vm, and under the south pit 6,000 oz/vm If the south endowment keeps going, the combined endowment would potentially be 11,000 oz/vm Drilling north along the contact returned full length
Slide 16: Positive metrics for bulk open pit
KOTH – Positive metrics for bulk open pit For personal use only KOTH Rainbow Photo Total Open pit Open pit LOM Waste movement (Mt) 222.4 6.1 228.4 LOM Ore Mined Mt 36 1.4 37.4 Average grade gold g/t 1.25 1 1.24 Contained Gold Moz 1.45 0.04 1.49 Recovery (%) 92.8 92.0 92.8 Recovered Gold (Moz) 1.34 0
Slide 17: 4Mtpa Process plant + infrastructure $194M
KOTH – 4Mtpa Process plant + infrastructure $194M For personal use only A$M 4 Mtpa Process plant 92 Infrastructure 31 Tailings storage facilities 3 Construction indirect costs (equipment and mobilisation) 14 Contractors engineering, procurement and construction management 21 Owners Costs (non-mining
Slide 18: First two elements of KOTH Bulk Project in place
First two elements of KOTH Bulk Project in place For personal use only Next steps… KOTH u/g: Satellite open Underground drill program to deliver 1.1Moz pits: 44koz underground Ore Reserve Resource Reserve so far Regional surface drilling program to deliver additional satellite open pit Reserves
Slide 19: FY 2020 drill program – 100,000 metres
FY 2020 drill program – 100,000 metres KOTH Underground Resource development & grade control: For personal use only two underground diamond drill rigs +65,000 metres KOTH Regional Resource development: one surface reverse circulation drill rig +25,000 metres Darlot Underground Resource develop
Slide 20: Future regional targets for satellite deposits
KOTH - Future regional targets for satellite deposits For personal use only Regional near-mine exploration underway to test potential open pit ore sources to supply early mill feed for a stand- alone KOTH processing facility A1 Drilling will focus on infill drilling areas of known gold mineralis
Slide 21: Future development – explore along contact
KOTH - Future development – explore along contact For personal use only Exploration aimed at increasing the Resource in total tonnage and potentially grade Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host gold mineralisation outside of
Slide 22: A great place to build a new plant
KOTH – a great place to build a new plant For personal use only Stand-alone processing plant study GR Engineering Services provided input into the PFS for a potential stand-alone 4Mtpa processing plant at KOTH Existing assets and infrastructure Tailings storage facilities, once completed with a
Slide 23: Siana Gold Project, Philippines
Siana Gold Project, Philippines For personal use only Red 5’s Philippine affiliated company, Greenstone Resources has received government approval to construct and operate a new Tailings Storage Facility Previous delays in receiving this approvals resulted in the decision to suspend Siana mining
Slide 24: Red 5 summary – new mines, not old mines
Red 5 summary – new mines, not old mines For personal use only Commanding 365km2 footprint in the highly-endowed Leonora-Leinster gold district – Darlot, King of the Hills and Ockerburry Hill Darlot exploration is delivering broad mineralised intercepts at grades equal to or possibly better than
Slide 25: Annexure
For personal use only 25 Annexure
Slide 26: Australia’s top gold deposits
Australia’s top 20 gold deposits Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Lake Cowal Evolution For personal use only Cadia Newcrest Measured 33.0 0.30 0.3 Proven Measured 46.5 0.69 1.0 Proven 46.9 0.72 1.1 Indicated 174.9 0.85 4.8 Probable 95.5 0.97 3.0 Dat
Slide 27: Thank-you
For personal use only Thank-you 27 ASX Code: RED