Slide 1: Company Presentation October 2012
For personal use only ASX: VRX Bruce Maluish - Managing Director October 2012 www.ventnorresources.com.au
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation was prepared with due care and attention and is current at the date of the presentation. The summary For personal use only is not an offer or recommendation to purchase or subscribe for securities in Ventnor Resources Limited or to retain any securitie
Slide 3: Table of Contents
Table of Contents For personal use only 1 EXECUTIVE SUMMARY 4 2 BACKGROUND 6 3 T HADUNA 8 4 T HADUNA DEVELOPMENT PLAN 13 5 GREEN DRAGON 16 6 BOARD AND MANAGEMENT 18 7 REASONS TO INVEST 20 APPENDICES 21 3
Slide 4: Executive Summary
1. Executive Summary Ventnor Australian copper explorer and developer. For personal use only (VRX.ASX) Listed on ASX in February 2011: - Raised $6m at $0.20/share Flagship project is Thaduna/Green Dragon Copper Project: - Located 40km east of Sandfire’s De Grussa Project. Thaduna / Green JOR
Slide 5: Executive Summary (Cont'd)
1. Executive Summary (Cont’d) Company Data Share Price Chart For personal use only ASX Code VRX Millions $1.00 Volume Price 30.0 Share Price A$0.56 $0.80 25.0 Shares on Issue 69.6m 20.0 $0.60 Options 25.1m 15.0 $0.40 Market Cap (Fully diluted) A$53.0m 10.0 $0.20 5.0 Cash (31 August 2012) A$5.4m – –
Slide 6: Background
2. Background History Thaduna Copper Mine discovered in 1941: For personal use only - Open pit mining completed in 1971; - Historical production of 30,290t at 8.7% Cu; and - Previous results included 9m at 5.2% Cu from 80m. Green Dragon satellite operation discovered at same time: - Historical p
Slide 7: Background: Regional Map
2. Background (Cont’d) Regional For personal use only Map 7
Slide 8: Thaduna
3. Thaduna Background Located 175km northeast of Meekatharra. For personal use only 4PLs covering 605ha. JORC Resource of 6.3 Mt at 1.6% Cu for 101,000t contained copper: - Up to a depth of 240m. 2011 Drill First phase in April 2011 included: Results - 16m at 3.47% Cu from 80m; - 4m at 4.37%
Slide 9: Thaduna: 2012 Drill Results
3. Thaduna (Cont’d) For personal use only 2012 Drill Third phase in January 2012 included: Results - 37m at 2.61% Cu from 111m: - including 10m at 7.53% Cu from 134m downhole. - 62m at 2.19% Cu from 125m: - including 32m at 3.10% Cu from 127m downhole; and - 3.70% Cu at EOH extended by diamond dri
Slide 10: Thaduna: Deeper Drilling Results
3. Thaduna (Cont’d) For personal use only 2012 Drill Deeper drilling targeting mineralisation below Results the Thaduna pit in September 2012 included: - 3.0m at 3.5% Cu: - including 0.6m at 13.8% Cu. - 13.3m at 2.5% Cu: - including 1.5m at 4.5% Cu; and - 5.3m at 4.5% Cu. - 8.0m at 4.1% Cu: - incl
Slide 11: Thaduna Drilling & Open Pit
3. Thaduna (Cont’d) Thaduna For personal use only Drilling & Open Pit 11
Slide 12: Thaduna: JORC Maiden Resource
3. Thaduna (Cont’d) JORC Maiden JORC Resource of 6.3 Mt at 1.6% Cu for 101,000t contained For personal use only Resource copper Tonnage Cu Ag Cu metal Ag metal Project Type Category (Kt) (%) (g/t) (Kt) ('000 oz) Indicated 347 1.10 1.5 3.8 17 Oxide/ Secondary Sulphide Inferred - - - - Green Dragon In
Slide 13: Thaduna: Metallurgy
3. Thaduna (Cont’d) JORC Maiden JORC Resource of 6.3 Mt at 1.6% Cu for 101,000t contained For personal use only Resource copper Metallurgy ALS Ammtec metallurgical testwork program. 48 samples reverse circulation and diamond drill core from varying depths and mineralisation styles across the Thaduna
Slide 14: Thaduna: Deep Drilling Program
3. Thaduna (Cont’d) For personal use only Deep drilling program Two holes selected Drilling 4Q 2012 14
Slide 15: Thaduna Development Plan: Scoping Study Parameters
4. Thaduna Development Plan Scoping Scoping Study to commence following JORC resource For personal use only Study Initial production rate of 500,000tpa Parameters - Producing 12,000tpa contained copper; and - Build own flotation plant Initial Capex estimate of A$70 million Capital Cost ($M) Pr
Slide 16: Development Plan: Mining Infrastructure
4. Thaduna Development Plan (Cont’d) Mining For personal use only Infrastructure* * Assuming 1mtpa plant 16
Slide 17: Development Plan: Mining Infrastructure
4. Thaduna Development Plan (Cont’d) Mining For personal use only Infrastructure 17
Slide 18: Development Plan: Indicative Timing
4. Thaduna Development Plan (Cont’d) 2012 2013 2014 For personal use only Indicative Timing Oct Nov Dec 1Q 2Q 3Q 4Q 1H 2H Thaduna - JORC Resource (open cut) - Initial metallurgical testwork - Deeper drilling program - Scoping Study - Infill drilling program - JORC Resource upgrade - Bankable Feasibi
Slide 19: Green Dragon: 2011 Drill Results
5. Green Dragon 2011 Drill First phase in April 2011 included: For personal use only Results - 3m at 5.16% Cu from 64m; - 5m at 7.19% Cu from 44m; - 2m at 3.15% Cu from 79m; and - 5m at 2.25% Cu from 85m. Second phase in July 2011 included: - 2 m at 9.00% Cu from 85m; - 4m at 2.98% Cu from 44m;
Slide 20: Green Dragon: 2012 Drill Results
5. Green Dragon (Cont’d) 2012 Drill Fourth phase in September 2012 included: For personal use only Results 17m at 2.95% Cu: - Including 8.0m at 4.5% Cu; and - 4.0m at 3.0% Cu. 5m at 4.4% Cu: - Including 3.2m at 6.6% Cu. Drilling intersected a number of black shale horizons. Highest grade zon
Slide 21: Board & Management
6. Board & Management Paul Boyatzis – Non-executive Chairman For personal use only Over 25 years’ experience in the investment and equity markets and an extensive working knowledge of public companies. Current member of the Australian Institute of Company Directors, the Securities and Derivative
Slide 22: Board & Management (Cont'd)
6. Board & Management (Cont’d) Peter Pawlowitsch – Non-executive Director For personal use only Over 10 years’ experience in the accounting profession and more recently in business management and the evaluation of businesses and mining projects. Mr Pawlowitsch holds a Bachelor of Commerce from t
Slide 23: Reasons to Invest
7. Reasons to Invest For personal use only Projects located in an emerging world class copper-gold region. Shallow high grade open cut copper deposits. Drilling to significantly increase resource potential at depth. Significant de-risking of projects completed, scoping study imminent. Deve
Slide 24: Appendix
For personal use only Appendix 24
Slide 25: Thaduna Geology
For personal use only Thaduna Geology 25
Slide 26: Thaduna Long Section
Thaduna Long Section For personal use only 26
Slide 27: Thaduna Long Section Inset
Thaduna Long Section Inset For personal use only 27
Slide 28: Thaduna Long Section
Thaduna Long Section For personal use only 28