Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Beaver Creek Precious Metals Summit 2022
26 slides from Vault Minerals's conference presentation, Sep 14, 2022
Slide 1: Beaver Creek Precious Metals Summit
For personal use only Beaver Creek Precious Metals Summit Mark Williams 14 September 2022 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 For personal use only ● 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 “
Slide 3: KOTH earthworks began December 2020
KOTH earthworks began December 2020 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 3
Slide 4: Ramping up production of Australia's next major gold mine
Ramping up production of Australia’s next major gold mine ✓ Red 5 has two gold mines in one of the world’s safest and most prospective gold districts For personal use only ✓ King of the Hills (KOTH) is a major Australian gold mine – Top 10-largest Ore Reserves in Australia1 ● Updated 30 June 2022 Mi
Slide 5: In 2017 Red pivoted to being a Leonora-district gold miner
In 2017 Red 5 pivoted to being a Leonora-district gold miner 2017 2018 2019 2020 2021 2022 For personal use only Suspension of mining at Siana1 Acquisition of Darlot and KOTH for A$34.5m2 Commence processing at Darlot Commence KOTH “truck-to-Darlot” Announce KOTH 1.9Moz Resource3 KOTH Pre-Feasibilit
Slide 6: Red 5's pivot to WA in 2017 has rewarded shareholders
Red 5’s pivot to WA in 2017 has rewarded shareholders 900% KOTH first gold For personal use only 800% 5 June 2022: 706% 700% 600% 500% 400% 404% 300% KOTH maiden ore reserve 4 Dec 2018 200% 100% 54% 0% 21% (100%) RED Index of Gold Miners Gold Price (A$/oz) 1. BETASHARES GLB Gold Miners ETF www.red5l
Slide 7: KOTH construction completed on schedule and within budget
KOTH – construction completed on schedule and within budget ● KOTH Project For personal use only completed within budget of $226 million ● EPC contractor MACA Interquip has demobilised from site ● KOTH Project was shielded from construction price inflation via fixed price contracts ● Portion of cont
Slide 8: SAG mill ramp up – first gold June 2022
SAG mill ramp up – first gold 5 June 2022 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 9: Gyratory crusher – 6Mtpa crushing capacity
Gyratory crusher – 6Mtpa crushing capacity For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 10: 30MW hybrid gas-solar power station
30MW hybrid gas-solar power station For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 11: Village – room capacity
KOTH village – 380 room capacity For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 12
Slide 12: KOTH geology is well understood, open in all directions
KOTH - geology is well understood, open in all directions Jun-22 Mineral Resource1 Jun-22 Ore Reserve1 For personal use only 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for 4.75Moz Au 2.66Moz Au ● Ore body in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unde
Slide 13: KOTH open pit mine plan currently extends to 2037
KOTH – open pit mine plan currently extends to 20371 For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 14
Slide 14: 5-year UG mine plan is only constrained by drilling
KOTH – 5-year UG mine plan1 is only constrained by drilling For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 15
Slide 15: Strategic 4.7Mtpa mill located in Eastern Goldfields
KOTH - strategic 4.7Mtpa1 mill located in Eastern Goldfields ● With a processing cost of A$12/t1, Regional process plants – mill size, unit cost and distance to Leonora the KOTH process plant is the For personal use only lowest cost mill in the Leonora 45 district 40 ● Large mill drives site-wide Gw
Slide 16: A standout value opportunity in the Australian gold sector
A standout value opportunity in the Australian gold sector ● Red 5 EV/Reserve relative to its 1,500 For personal use only peers ● Valuation of WA based-gold companies1 1,200 Capricorn Bubble size = Enterprise Value EV / Reserve (A$/oz) ● ● The production ramp up of 900 Calidus Bellevue KOTH is expec
Slide 17: 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 18: Appendix
For personal use only Appendix www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 19
Slide 19: Red 5 Limited – Corporate profile
Red 5 Limited – Corporate profile Our Company Vision For personal use only “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 20: Leadership team with strong development expertise
Leadership team with strong development expertise Red 5 has a strong and capable team, with many years of mining and development experience both at Red 5 and previously at multi- billion international development projects – the Company is well placed to deliver the KOTH Gold Mine For personal use on
Slide 21: Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 For personal use only Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 1,330 1.2 50 Indicated 0.4-1.0 OP+UG 72,880 1.4 3,250 Inferred 0.4-1.0
Slide 22: Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 For personal use only Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz) KOTH Open pit 0.4 Probable 63.3 1.2 2.4 KOTH Underground 1.3 Probable 2.8 2.0 0.2 Rainbow Open pit 0.4 Pr
Slide 23: Drilling undertaken in FY22 for KOTH Jun-22 resource update
Drilling undertaken in FY22 for KOTH Jun-22 resource update1 For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 24
Slide 24: Scope to increase production and extend LOM
KOTH – scope to increase production and extend LOM ● Mintrex confirmed SAG Mill will produce >4.7Mtpa as built For personal use only ● Red 5 believes the mill has potential to process much more ● 6Mtpa crushing circuit installed ● Oversized SAG Mill installed ● Design allowance for upgrade of the gr
Slide 25: Top Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves For personal use only Mt g/t Moz Mt g/t Moz Cadia 3382.0 0.4 39.9 Cadia 1300.0 0.4 19.0 Golden Mile (100%) 526.7 1.6 26.3 Boddington 558.3 0.7 11.6 Lake Cowal 305.3 1.0 9.7 Golden Mile - KCGM 270.8 1.3 11.6 Granny Smith 49.4 5.2 8.3 Tanami 34.8 5.
Slide 26: 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 For personal use only Measured 32.0 0.30 0.3 Proven Measured 5.1 2.49 0.4 Proven 4.7 2.1