Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Investor Presentation (January 2024)
25 slides from Vault Minerals's investor presentation, Jan 31, 2024
Slide 1: Investor Marketing
For personal use only Investor Marketing Mark Williams (MD & CEO) January 2024 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resource and O
Slide 3: Red 5 asset overview
Red 5 asset overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine KOTH Summary For personal use only Mineral Resource5 4.5Moz 2H FY2023 Production6 103koz Ore Reserve5 2.5Moz Indicative Production2 >200koz p
Slide 4: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile 0.5 Our Company Vision “To be a successful multi-operational 0.4 For personal use only 0.3 exploration and mining company, providing benefits to all stakeholders, through the 0.2 consistent application of technical excellence, and responsible and sustainable industr
Slide 5: How we did it, where we are going
4How weconcept years from did it, where we are going to production Delivered a large, modern, low-cost process plant For personal use only Constructed on time and on budget in 2022 FY24 guidance: 195-215koz, A$1,850-A$2,100/oz AISC Delivering safe, profitable ounces and free cash flow Accelerating r
Slide 6: Powered by 30MW hybrid gas-solar power station
Powered by 30MW hybrid gas-solar power station For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 6
Slide 7: December 2023 highlights
December 2023 highlights ● Continued safety improvement, with 12-month TRIFR Quarterly 12-month TRIFR reducing to 4.7 and LTIFR reducing to zero 18 16 Production for the first half (H1) of FY24 was 108,027 ounces For personal use only ● 14 at an AISC of A$2,008/oz. 12 12-month TRIFR 10 ● 53,018 oz o
Slide 8: Mining performance for Dec 2023 Quarter
Mining performance for Dec 2023 Quarter ● KOTH open pit ore remained consistent Quarterly KOTH underground performance ● Stage 2 cutback is ahead of schedule 1.70 1.93 1.79 2.00 300 1.80 1.58 For personal use only ● KOTH underground continues to perform well with 250 1.60 1.40 stope tonnes exceeding
Slide 9: Operations performance strengthens balance sheet
Operations performance strengthens balance sheet All three mines performing well, with Red 5 historical and scheduled debt balance ● strong cash generation for the Quarter For personal use only 160 ● $2m voluntary debt repayment, on top of scheduled $8m, sees Red 5’s debt balance 140 Target debt ref
Slide 10: KOTH open pit
KOTH open pit For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: Main ore zone provides for large, contiguous high-grade blocks
Main ore zone provides for large, contiguous high-grade blocks Stage 1 KOTH open pit Ore Reserve model – contained ounces by RL RL HG LG For personal use only 5295 5285 5275 5265 5255 5245 5235 5225 5215 5205 5195 5185 5175 5165 5155 5145 5135 5125 5115 5105 5215M Bench F4 - 5,000 10,000 15,000 20,0
Slide 12: Mining performance confirms long-term mine plan
Mining performance confirms long-term mine plan For personal use only 1. Red 5 ASX Release: 7 September 2023 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 12
Slide 13: Growth potential for KOTH mine
Growth potential for KOTH mine1 ● Resource definition and grade control drilling continues to For personal use only deliver high-grade assays ● 26.0m at 168.15g/t ● 16.5m at 16.50g/t ● 16.4m at 10.62g/t ● 29.5m at 5.11g/t ● 75.4m at 1.83g/t ● Grade control drilling now complete for over 85% of the F
Slide 14: KOTH exploration – numerous surface targets
KOTH exploration – numerous surface targets ● Three satellite deposits are already in the LOM plan: ● Rainbow For personal use only ● Centauri ● Cerebus-Eclipse ● Integrated datasets have identified priority targets along the Tarmoola and Ursus Fault corridors ● Tarmoola Fault Corridor Cerebus- Ecli
Slide 15: Darlot adding value as satellite mine
Darlot adding value as satellite mine ● Darlot benefiting from development investment and For personal use only reduced cost base ● FY25 & 26 mine plan locked in ● Second jumbo scheduled in H2FY24 ● FY24 focus on Resource conversion Middle Walters South1 ● 4.4m at 16.0g/t Centurion1 ● 4.6m at 30.7g/
Slide 16: "King of the Mills" in the Leonora district
“King of the Mills” in the Leonora district KOTH process plant is the lowest cost Regional process plants – mill size, unit cost and distance to Leonora ● mill in the Leonora district ● Large mill drives site-wide economies For personal use only of scale 60 ● 30MW hybrid gas-solar power ● Operating
Slide 17: Standout value opportunity – de-risked steady-state operations
Standout value opportunity – de-risked steady-state operations ● Red 5 EV/Reserve relative to its peers 2,000 For personal use only ● Valuation of WA based-gold companies1 Ramelius 1,600 ● Bubble size = Enterprise Value EV / Reserve (A$/oz) Bellevue ● The new KOTH Gold Mine 1,200 positions Red 5 as
Slide 18: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 18
Slide 19: Appendices
For personal use only Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 19
Slide 20: Leadership Team with strong mining expertise
Leadership Team with strong mining expertise Red 5 has a strong and capable Board and Executive team with many years of mining and development experience. Following the two retirements at the Nov-23 AGM, the Red 5 Board has five Directors, which the Board believe represents a good fit for the Compan
Slide 21: KOTH Mineral Resource of 4.5Moz
KOTH Mineral Resource of 4.5Moz1 Total Open Pit & Underground KOTH Resource as at June 2023 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) For personal use only (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 4,092 1.1 145 Indicated 0.4-1.0 OP+UG 67,559 1.5 3,286 Inferred 0.4-1.0
Slide 22: KOTH Ore Reserve of 2.5Moz
KOTH Ore Reserve of 2.5Moz1 Total KOTH Ore Reserves as at June 2023 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz)2 For personal use only KOTH Open pit 0.4 Proved 4.6 0.8 0.1 KOTH Open pit 0.4 Probable 54.2 1.2 2.0 KOTH Underground 1.4 Probab
Slide 23: Top Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3374 0.4 46.6 Cadia 1280 0.4 17.4 For personal use only Golden Mile – KCGM 565 1.6 28.3 KCGM (100%) 286 1.3 12.2 Boddington 788 0.6 15.2 Boddington 525 0.6 10.6 Mallina Gold Project 278 1.3 11.7 Mallina Gold Project 121
Slide 24: Australian Top Gold Deposits
Australian Top 20 Gold Deposits1 Resources Reserves Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest St Ives Goldfields Sunrise Dam AngloGold Ashanti Measured 32.0 0.30 0.3 Proven Measured 0.9 3.30 0.1 Proven 5.9 2.60 0.5 Measured
Slide 25: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 25