Critica Limited · ASX:CRI
Critica — RIU Sydney Resources Roundup 2021
37 slides from Critica's conference presentation, May 6, 2021
Slide 1: RIU Sydney Resources Roundup
RIU SYDNEY RESOURCES ROUNDUP SYDNEY, NEW SOUTH WALES 4th to 6th MAY 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 Iron Ore Mine – Plant construction and commissioning on budget and on schedule with first shipment scheduled for Q2 2021; Chalice has commenced an EM program on ‘Julimar lookalike’ target at South West Ni-Cu-PGE Project; The advanced Mount Lindsay Tin-Tungsten Project provides
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$164m (@ A$0.125) Shares on Issue 1,308m Enterprise Value A$153m Unlisted Options: 72.3m Cash at 31 March 2021 A$11m 10.9m @ A$0.001, 24.9m @ 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 26.7%
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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 6
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 7
Slide 8: Riley Iron Ore Mine – Ore Deposit
Riley Iron Ore Mine – Ore Deposit RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 8
Slide 9: Riley Iron Ore Mine – Currently
Riley Iron Ore Mine - Currently • Construction of Wet Screening Plant nearing completion; • 95% of structural steel has been erected, • 80% of mechanical installation completed, • Installation of plant’s piping is final stage before commissioning commences. • Geoffrey Halloran appointed General Mana
Slide 10: Upcoming Milestones and Conclusions for Riley
Upcoming Milestones and Conclusions for Riley Upcoming milestones include: • Commissioning wet screening plant –imminent; • 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
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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 11
Slide 12: Chalice to earn-in on Julimar lookalike in the South West Project
Chalice to earn-in on Julimar lookalike in the South West Project Chalice Mining (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; Chalice
Slide 13: Chalice kick off JV work on 'Julimar lookalike' target
Chalice kick off JV work on ‘Julimar lookalike’ target Chalice has commenced a ground EM program on Venture’s South West Ni-Cu-PGE Project over selected areas of the ‘Julimar lookalike’ magnetic anomaly (Thor Target) as part of the first stage of the JV earn-in; Chalice to then follow-up resulta
Slide 14: Chalice and Venture South West signatures
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 SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 14
Slide 15: Chalice and Venture EM anomalies
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 SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 15
Slide 16: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 16
Slide 17: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY TIN-TUNGSTEN PROJECT RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 17
Slide 18: 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 19: 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 20: Tungsten Ore in Mount Lindsay Drill Core
Tungsten Ore in Mount Lindsay Drill Core * Tungsten in Core Results for ML070 which returned a drill intersection of 12 metres @ 1.69%WO3 from 105 metres. Refer to ASX announcement 14 February 2008. RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 20
Slide 21: Tungsten: A Critical Mineral
Tungsten: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability to be substitut
Slide 22: EV Metal and Critical Minerals Demand, time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand, time to re- assess Mount Lindsay EV and Critical Minerals 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, c
Slide 23: Mount Lindsay Highlights
Mount Lindsay Highlights Approximately 83,000m of diamond core drilling has been completed on the project by Venture most of which has been used to define JORC compliant resources with +60% in the Measured & Indicated categories; Feasibility Study completed with comprehensive metallurgical test-
Slide 24: 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 SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 24
Slide 25: Major EM Survey at Mount Lindsay identifies new targets
Major EM Survey at Mount Lindsay identifies new targets RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 25
Slide 26: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 26
Slide 27: 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 28: 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 29: 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 30: Orcus maiden drilling confirms VMS system
Orcus – Venture’s maiden drilling confirms VMS system with up to 7% Zinc returned from first assays RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 30
Slide 31: 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 drilling to conductor at Orcus hosts significant target new high VMS mineralisation; intensity EM plates Moving Loop Electromagnetic (MLEM)
Slide 32: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE RIU SYDNEY RESOURCES ROUNDUP | 4 – 6 MAY 2021 Page 32
Slide 33: 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 34: 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 35: Kulin Project – Prospective Geological Setting for Ni-Cu-PGE discoveries
Kulin Project – Prospective Geological Setting for Ni-Cu-PGE 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 36: Conclusions
Conclusions Exciting phase for the Venture as it looks to move from explorer to producer with first shipment from Riley; The advanced Mount Lindsay Tin-Tungsten Project is well positioned to the EV Metal and Critical Minerals markets as Tin approaches record price levels; Chalice begins earn-i
Slide 37: Thank You
THANK YOU PLEASE VISIT US AT BOOTH #22 4th to 6th MAY 2021 ASX : VMS