Vital Metals Ltd · ASX:VML
Vital Metals — Shareholder Meeting (November 2010)
13 slides from Vital Metals's shareholder meeting presentation, Nov 24, 2010
Slide 1: 2010 AGM Update
For personal use only 2010 AGM Update November 2010 Dr Howard W. Carr CEO / MD 1
Slide 2: Disclaimer
Disclaimer DISCLAIMER For personal use only Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statement
Slide 3: Executive Summary
Executive Summary For personal use only •Two outstanding projects •Burkina Faso Gold & Queensland Tungsten • Technically focussed, operational •2011: exciting opportunity for development & value creation Shares on issue: 186m Shareholders: 1766 Top “3”: 42% William de Broe: 17.6% Market Capitalisati
Slide 4: Overview
Overview For personal use only Doulnia Gold Project, Burkina Faso • Highly Gold-prospective, grass-roots project; shallow, wide, high grade intersections • Farm-In A$1.5m for 60%; A$3.5m for 70%; PFS for 80% • Ampella Shareholder Agreement & Gold Rights • 6000m Phase 2 Drill Programme January 2011 •
Slide 5: Outcrop and residual soil sampling
Outcrop and residual soil sampling Doulnia Soil & Rock Chip Phase 1 soils Azumah Vitalmetals Sampling (complete 25th October) For personal use only Total Permit Area 3100km2 479km2 Soil Survey Area ~2800km2 375km2 Sample Pattern ~1200 x 50m 800 x 50m Samples ~47000 9375 Samples / km2 17 25 Azumah Ph
Slide 6: Gold anomalism: Phase 1 Drill Results
Gold anomalism Phase 1 Drill Results For personal use only Hole Width Au (g/t) From (m) N KRC019 31 3.19 34 (inc:) 2 16.91 41 KRC001 18 2.95 37 (inc:) 4 4.28 45 (and:) 2 9.56 53 KRC001 5 3.55 60 KRC001 4 18.71 76 KRC020 11 1.17 19 KRC019 (inc:) 3 3.89 19 KRC001 KRC018 2 3.63 41 KRC018 2 3.00 66 KRC0
Slide 7: Doulnia Project Update
Doulina Project Update For personal use only • Burkina Faso Presentation to Investor Tour Group •Shareholder Agreement finalized and due for signing • Burkina Faso Election Nov. 21st, limited uncertainty • BUMIGEB Zinc & ground magnetics study • VML can engage directly with Dept of Mines re: gold pr
Slide 8: Doulnia Work Schedule
Doulnia Work Schedule For personal use only Activity jul aug sep oct nov dec jan feb mar apr may jun field camp occupied vehicle purchases AEROMAG mob., acquire, process AEROMAG interpretation drilling (metres) 3,150 3,150 ?3,150 ?3,150 ? 3,150 ?3,150 ?2,520 soils sampling (no) 630 1,890 1,890 1,890
Slide 9: Low Cost Exploration
Low Cost Exploration For personal use only Gold Discovery Costs Indicated JORC Resource • Anglo Gold Ashanti, Tropicana Australia ~A$41/oz •Anglo Gold Ashanti, Global: ~A$30/ oz (target) •Ampella, Batie West: <A$5.00/oz (achieved) • Vital Metals, Doulnia: $10/oz (target) ASX West African (+500 000oz
Slide 10: Doulnia Infrastructure
Doulnia Infrastructure •Cost effective, efficient exploration Doulnia Snap Shot For personal use only •Cost-effective, timely development •On West African electricity grid • 4 feed lines & 2 sources •Abundant water •3 x 3G reliable mobile phone towers •2 x ATM’s: 35km •Sealed Hwy & road within 20km
Slide 11: Tungsten Overview
Tungsten Overview •Global supply program seriously challenged over next decade For personal use only •High value in use •Continuing strong increase in demand, led by cutting tools and drilling projects. •China = 87% global tungsten production (& consumption) •Chinese mid 2010 ban on raw material exp
Slide 12: Watershed Tungsten Project
Watershed Tungsten Project •Indicated Resource 15.1Mt @ 0.46% WO3 for 69300 t WO3 For personal use only • Recent strong increase in tungsten prices has renewed interest in project •Further prices increases possible due to supply challenges •Financial models routinely updated • A number of developmen
Slide 13: Closing Statement
Closing Statement For personal use only • Vital Metals has two excellent projects • Burkina Faso gold project offers low sovereign risk, sound business climate and stable mining laws • Doulnia gold prospectivity is high and should be confirmed by intensive drilling program during 2011 • Recent rapid