Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Diggers and Dealers 2024
24 slides from Vault Minerals's conference presentation, Aug 6, 2024
Slide 1: Diggers and Dealers August 2024
For personal use only Diggers and Dealers August 2024 www.red5limited.com
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Investor Presentation Red 5 has prepared this investor presentation based on information available to it at the time of preparing the presentation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or For personal us
Slide 3: A Leading Intermediate Gold Producer Primed to Create Meaningful Growth
A Leading Intermediate Gold Producer Primed to Create Meaningful Growth Diversified, intermediate gold business, TODAY, underpinned by a strategic long life asset in the prolific Leonora district For personal use only Extensive, established infrastructure across the portfolio removes the cost, compl
Slide 4: Well Balanced, Diverse Portfolio in Established Mining Jurisdictions
Well Balanced, Diverse Portfolio in Established Mining Jurisdictions1 Sugar Zone (Ontario) King of the Hills (Western Australia) FY24 Gold Sales Reserves (P&P) ▪ 2.9Mt at 5.5 g/t for 506 koz Au FY24 Sales ▪ 211,939 ounces at A$2,043/oz For personal use only Resource (M&I+I) ▪ 6.2Mt at 7.6 g/t for 1,
Slide 5: Red 5 Limited | Corporate Overview
Red 5 Limited | Corporate Overview Red 5 Limited (ASX:RED) Board of Directors Share price (2 August 2024) A$0.36 For personal use only Luke Tonkin 12-month trading range A$0.17 - A$0.50 Russell Clark Andrea Sutton Rebecca Prain Managing Director & Chief Non-Executive Chair Non-Executive Director Non
Slide 6: Track Record of Growth through Discovery, Mine Building and M&A
Track Record of Growth through Discovery, Mine Building and M&A Driven by discovery, mine building and M&A For personal use only Mount Monger Deflector Sugar Zone King of the Hills Darlot Gold Price [RHS] Silver Lake acquires 11.9% shareholding in 3,500 Red 5 (September 2023) 500 Silver Lake & Red 5
Slide 7: Leading Mid-tier ASX Gold Producer
Leading Mid-tier ASX Gold Producer Market & production scale with a platform poised for growth For personal use only Market Capitalisation (A$M) FY24A Production (koz Au) Average daily trading liquidity(1) 1,645 A$14M A$8M 1,007 Intermediate Peer 16,341 Group (2) 510 454 405 418 7,963 322 293 221 13
Slide 8: Financial Strength to Grow From a Position of Strength
Financial Strength to Grow From a Position of Strength Sector leading net cash balance(1) ▪ A$361 million cash and bullion Assumed recycling of For personal use only post-retirement of project debt 898 shareholding in Red 5(2) 867 Peer leading balance facility 509 sheet 361 349 330 ▪ Internally fund
Slide 9: FY25 Outlook & Priorities
FY25 Outlook & Priorities ▪ Deflector continued operational delivery and introduction of new mining fronts to supplement Deflector South West ▪ For personal use only Ramp up of open pit mining at Mount Monger Operations ▪ Optimise King of the Hills processing and open pit mining parameters ▪ Portfol
Slide 10: Deflector – Consistent Operational Delivery & Free Cash Flow Generation
Deflector – Consistent Operational Delivery & Free Cash Flow Generation High quality Mineral Resource and production growth since acquisition Investment has delivered volume growth and returns Measured Indicated Inferred Cumulative mine depletion For personal use only ▪ Post acquisition period of op
Slide 11: King of the Hills – Strategic, Long-life Asset
King of the Hills – Strategic, Long-life Asset King of the Hill’s processing facility is the largest, lowest cost and most scalable processing hub in the prolific Leonora district For personal use only Current operating configuration is in its infancy, first production June 2022 with FY24 sales of 2
Slide 12: KOTH Open Pit: Optimise Mine & Operating Plan
KOTH Open Pit: Optimise Mine & Operating Plan → Improve Productivities → Manage Costs King of the South (red) and North (purple) long section & plan view Focus on southern stages, contains 1.2 million ounces through to 2034 For personal use only ▪ Mine life of ~ 10 years ▪ Relatively shallow (235m)
Slide 13: KOTH Mill: Crawl → Walk → Run
KOTH Mill: Crawl → Walk → Run KOTH throughput rates demonstrate potential through consistency & optimisation Demonstrated a rapid ramp up with the operation being mill constrained post mid 2023 Avg. Daily Throughput [RHS] Nameplate Daily Capacity [LHS] For personal use only Avg. Hourly Throughput [R
Slide 14: Step change in mine exploration at King of the Hills underground
Step change in mine exploration at King of the Hills underground KOTH LOM extension immediately beyond known mineralisation Step change in metres West Zone presents a high priority target For personal use only ▪ Recent drilling focused on grade control with limited exploration beyond for LOM extensi
Slide 15: Mount Monger – Walking the Talk on Margins Over Ounces
Mount Monger – Walking the Talk on Margins Over Ounces Sustained period of baseload open pit to supplement undergrounds Sustained baseload allows prioritising cashflow and value over ounces Underground Tonnes Mined (kt) Open Pit Tonnes Mined (kt) Milled Tonnes (kt) For personal use only 2,500 ▪ FY24
Slide 16: Sugar Zone: Drilling and infrastructure has reset the foundations
Sugar Zone: Drilling and infrastructure has reset the foundations Sugar Zone long section showing Sugar South and Middle Zone results1 93,000 metre drill program completed in FY24 delivers a step change in ore body knowledge For personal use only ▪ Results confirm the distribution of high grade shoo
Slide 17: A Leading Intermediate Gold Producer Primed to Create Meaningful Growth
A Leading Intermediate Gold Producer Primed to Create Meaningful Growth Diversified, intermediate gold business, TODAY, underpinned by a strategic long life asset in the prolific Leonora district For personal use only Extensive, established infrastructure across the portfolio removes the cost, compl
Slide 18: Ore Reserve & Mineral Resource Statements
For personal use only Ore Reserve & Mineral Resource Statements Appendix A www.red5limited.com
Slide 19: Ore Reserves as at June 2023
Ore Reserves as at 30 June 2023 Gold Proved Ore Reserves Probable Ore Reserves Total Ore Reserves Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) King of the Hills For personal use only King of the Hills
Slide 20: Mineral Resources as at June 2023
Mineral Resources as at 30 June 2023 Gold Measured Mineral Resources Indicated Mineral Resources Inferred Mineral Resources Total Mineral Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au)
Slide 21: Peer Comparison & Relative Benchmarking Information
Peer Comparison & For personal use only Relative Benchmarking Information Appendix B www.red5limited.com
Slide 22: LTM Mill Throughput & Processing Cost
LTM Mill Throughput & Processing Cost Project Company LTM Throughput (kt) LTM Processing Cost (A$M) Implied Unit Cost (A$/t Processed) Source File (Announcement Date) Bryah Westgold Resources Limited 773 $33(1) $43.18 Quarterly Report (25 October 2023, 31 January 2024, 24 April 2024, 31 July 2024) (
Slide 23: Net Cash / (Debt)
Net Cash / (Debt) Company Cash Bullion Adjustments Total Cash & Bullion Debt Net Cash / (Debt) Source File (Announcement Date) Bellevue Gold Limited(1) 55 20 150 226 219 6 Quarterly Activities Report (15 July 2024), 5 Year Growth Plan and Equity Raising Presentation (25 July 2024) Capricorn Metals L
Slide 24: Production
Production Company Production Period of Production Source File (Announcement Date) Bellevue Gold Limited 96 koz Au FY2024A gold production Quarterly Activities Report (15 July 2024) Capricorn Metals Ltd 113 koz Au FY2024A gold production Quarterly Activities/Appendix 5B Cash Flow Report (26 July 202