Critica Limited · ASX:CRI
Critica — Brisbane Resources Roundup 2019
34 slides from Critica's conference presentation, Oct 16, 2019
Slide 1: Venture Minerals Limited – Brisbane Resources Roundup
Venture Minerals Limited Brisbane Resources Roundup 16 and 17 October 2019
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 • Leveraging off strong commodity prices, a favourable exchange rate and over $45 million spent previously on its advanced mining projects in the North-West of Tasmania; • Recommencing Riley Iron Ore Mine with Venture targeting first shipment this quarter; • Exciting phase as it focusses
Slide 4: Corporate Snapshot
Corporate Snapshot Summary Capital Raising History ASX Code: VMS June 2019 Placement and Underwritten Accelerated rights issue of 286.3m shares at $0.02 for $5.7m. July 2018 Two Tranche Placement of 85.1m shares at A$0.03 Shares on issue: 806.9m for A$2.5m; Listed Options 143.2m September 2017 Place
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 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 PGE -Ni–Cu Venture Minerals |Brisbane Resources Roundup| October 20
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RILEY IRON ORE MINE Venture Minerals |Brisbane Resources Roundup| October 2019 7
Slide 8: Riley Iron Ore Mine – Feasibility Study Overview & Highlights
Riley Iron Ore Mine – Feasibility Study Overview & Highlights • Riley Iron Ore Mine study completed, highlighting strong returns with the following highlights: ✓ Post-Tax Cash generation of A$31M, ✓ IRR of 303%, ✓ Operating Cost of A$56/t fob, ✓ Pre-Production Capital Estimate of A$3.6M (fully funde
Slide 9: Riley Iron Ore Mine DSO Hematite Project – Overview & History
Riley Iron Ore Mine DSO Hematite Project – Overview & History • Riley DSO Project - 100% owned, located in North west Tasmania; • Riley Iron Ore Mine: ▪ Situated on a granted mining lease; ▪ Reserves of 1.6Mt @ 57% Fe with low impurities**; ▪ DSO deposit is all at surface with zero strip ratio; ▪ Lo
Slide 10: Riley Iron Ore Mine - Ore Deposit
Riley Iron Ore Mine - Ore Deposit Immediately accessible Ore Reserves of 1.6mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals |Brisbane Resources Roundup| October 2019 10
Slide 11: Riley Iron Ore Mine - Mining & Logistics
Riley Iron Ore Mine - Mining & Logistics Riley Iron Ore Mine: • Shallow ore deposit, • Average thickness of 1.5m from surface, • Provides a low cost mining scenario. Mining: • Riley ore is free digging, extracted via excavator in sequential panels, • Beneficiation of the ore via crushing and screeni
Slide 12: Upcoming Milestones & Conclusions
Upcoming Milestones & Conclusions Upcoming milestones include: ▪ Completion of civil infrastructure; ▪ Further optimization of Mining Study outcomes; ▪ Final decision to commence mining; ▪ First ore haulage; ▪ First ore shipment. Conclusions: ▪ Board commits to decision to recommence mining at Riley
Slide 13: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals |Brisbane Resources Roundup| October 2019 13
Slide 14: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals |Brisbane Resources Roundup| October 2019 14
Slide 15: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 16: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 17: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 18: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals |Brisbane Resources Roundup| October 2019 18
Slide 19: Tin Market Outlook
Tin Market Outlook • Tin today at about US$17,000/t or ~A$25,000/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000 tpa by 2030; • Visible Tin St
Slide 20: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Venture Minerals |Brisbane Resources Roundu
Slide 21: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals |Brisbane Resources Roundup| October 2019 21
Slide 22: 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 23: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 24: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project 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 d
Slide 25: 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: 215,700t of Tin* Venture Minerals |Brisbane Resources Roundup| October 2019 *Source: MLX ASX Announcement 23 August 2018 25
Slide 26: Project Locations
Project Locations Golden Grove Caesar Project North Project 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 PGE -Ni–Cu Venture Minerals |Brisbane Resources Roundup| October 20
Slide 27: South West Project – Location Map
South West Project – Location Map • Venture holds a 281 km² land holding within the Greenbushes Mineral District host to the world’s largest hard rock lithium mine (produces ~40% of the worlds-lithium); • Several VMS (Volcanogenic Massive Sulfide) targets identified including the Thor Prospect; • Su
Slide 28: Massive Sulfide in Core from Maiden Drilling at the Thor Prospect
Massive Sulfide in Core from Maiden Drilling at the Thor Prospect Venture Minerals |Brisbane Resources Roundup| October 2019 28
Slide 29: Thor VMS Target with maiden drilling on aeromagnetic image
Thor VMS Target with maiden drilling on aeromagnetic image Venture Minerals |Brisbane Resources Roundup| October 2019 29
Slide 30: Further drilling on new EM targets intersects massive sulfides
Further drilling on new EM targets intersects massive sulfides with Copper & Zinc mineralisation Thor Priority VMS Drill Targets Historic Kingsley VMS Prospect *Reference GSWA Record 2017/9: Metamorphosed VMS Mineralization at Wheatley, Southwest, WA by LY Hassan Venture Minerals |Brisbane Resources
Slide 31: Project Locations
Project Locations Golden Grove Caesar Project North Project 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 PGE -Ni–Cu Venture Minerals |Brisbane Resources Roundup| October 20
Slide 32: 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 25km of Prospective mineralisation; VMS Style Sequence Endowment • Historic shallow gold drill (Resources and Produ
Slide 33: Conclusions
Conclusions ▪ Venture is focused on becoming Australia’s next Iron Ore Miner; ▪ Exciting phase as it focusses on moving from explorer to producer; ▪ Mount Lindsay Tin-Tungsten Project provides exposure to EV metals and near term production; ▪ Maiden drill program at Thor Prospect intersected massive
Slide 34: Thank You
Thank You Any questions please see us at Booth # 4 www.ventureminerals.com.au Venture Minerals | Gold Coast Investment Presentation| June 2019