Vrx Silica Ltd. · ASX:VRX
Vrx Silica — Ventnor Resources — Shareholder Meeting (November 2013)
24 slides from Vrx Silica's shareholder meeting presentation, Nov 28, 2013
Slide 1: For personal use only
ASX: VRX For personal use only 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 For personal use only summary 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 1 SUMMARY 4 For personal use only 2 PROJECT LOCATION 6 3 JORC RESOURCE 7 4 OPEN PITS 8 5 UNDERGROUND 13 6 POTENTIAL PRODUCTION 15 7 CONCENTRATE 16 8 COMPANY OVERVIEW 17 9 REASONS TO INVEST 19 10 OTHER PROJECTS 20 3
Slide 4: 1. Summary
1. Summary Sandfire Australian listed copper developer (ASX:SFR) For personal use only Market cap $900m Sandfire’s DeGrussa Project Located 40km west JV in to Thaduna/Green Dragon copper project High grade bornite mineralisation JV supplementary high grade copper source Thaduna/ Hydr
Slide 5: 1. Summary: Attractive JV with Sandfire
1. Summary For personal use only Attractive JV with Sandfire for Thaduna/Green Dragon No requirement for Ventnor to fund +$70m Capex Sandfire to sole fund project development $3m up front to Ventnor Sandfire can earn up to 80% spending $6m Toll treatment arrangement at C1 cost 5
Slide 6: 2. Project Location
2. Project Location For personal use only 40 kms 6
Slide 7: 3. JORC Resource
3. JORC Resource For personal use only Tonnage Cu Ag Cu metal Ag metal Project Type Category (Kt) (%) (g/t) (Kt) ('000 oz) Oxide/ Indicated 403 1.46 2.2 5.9 28 Secondary Sulphide Inferred 118 1.41 2.4 1.7 9 Thaduna Indicated 3,229 1.67 3.2 53.9 332 Sulphide Inferred 2,161 2.41 6.5 52.1 452 Sub-total
Slide 8: 4. Open Pits (Green Dragon)
4. Open Pits (Green Dragon) Leach Copper tonnes that can be recovered For personal use only Source Ore Tonnes (t) Grade (%) Recovered Copper (t) through an oxide plant Green Dragon Open Pit 256,000 2.00 4,400 Green Dragon Pit (4kms north of Thaduna) East Last drill hole here hit bornite! 8
Slide 9: 4. Open Pits (Green Dragon)
4. Open Pits (Green Dragon) For personal use only • Drilling completed to 220 metres • Maiden Resource Estimate completed (27kt Cu) • Supplementary ore source • Last hole 10 metres at 2.28% Cu - including 3.22 metres at 6.60% Cu from 207 metres 9
Slide 10: 4. Open Pits (Thaduna)
4. Open Pits (Thaduna) Leach Recovered Source Ore Tonnes (t) Grade (%) For personal use only Copper (t) Thaduna South Central 260,000 1.95 4,400 Copper tonnes that can be recovered through an oxide plant Thaduna North Central 390,000 2.27 7,500 Thaduna North 170,000 1.75 2,500 Total 820,000 2.06 14,
Slide 11: 4. Open Pits
4. Open Pits Shallow flat (35o) drilling required to infill For personal use only 11
Slide 12: Bornite!! Key to underground
For personal use only Bornite!! Key to underground
Slide 13: 5. Underground Resource
5. Underground Resource For personal use only Underground target 5m @5% Cu 13
Slide 14: 5. Underground Resource
5. Underground Resource Underground target 5m @5% Cu High Grade Intersections drilled For personal use only Hole Id Easting Northing Az Dip From To DH m Cu% THRC159 772605 7176066 35 -60 313.0 322.5 9.48 4.40 334.3 346.0 11.75 3.93 THRC149 772619 7175810 35 -60 362.6 365.7 3.05 4.39 THRC127 772664 7
Slide 15: 6. Potential Production
6. Potential Production For personal use only Estimate from only VRX defined Resource Extra exploration by SFR will increase potential production Cash Flow per Tonnes Mined Term Total Year to VRX per year (years) ($m) ($m) 200,000 $3.7 15 $55 250,000 $4.6 12 $55 300,000 $5.5 10 $55 15
Slide 16: 7. Concentrate
7. Concentrate For personal use only Concentrate Ag As Bi Cu Fe K Mg Mn Ni P Pb S Ti Zn Assay Detection 1 5 1 0.01 0.01 0.01 0.01 1 1 20 5 0.002 0.002 1 Limit Units ppm ppm ppm % % % % ppm ppm ppm ppm % % ppm Sample 1 91 47 12 29.91 8.68 0.77 2.26 484 272 455 148 9.646 0.364 50 Sample 2 89 51 8 30.3
Slide 17: 8. Company Overview
8. Company Overview For personal use only Company Data Share Price Chart ASX Code VRX Share Price A$0.17 Shares on Issue 71.0m Options (21.5m options lapsed 15 November 3.5m 2013) Market Cap (Fully diluted) A$12m Cash (30 Nov 2013) A$1.2m Major Shareholders % Board of Directors Goldbondsuper Pty Ltd
Slide 18: 8. Company Overview: Corporate activity and changes
8. Company Overview Corporate activity and changes For personal use only February – April 2013 Attempt to introduce Institutional Investors to Share Register May 2013 Put in place loan agreements with major shareholders to maintain VRX solvency April – November 2013 Evaluation of offers for Sale/Equ
Slide 19: 9. Reasons to Invest
9. Reasons to Invest For personal use only Project located in an emerging world class copper-gold region High grade copper deposits at Thaduna/Green Dragon Short term mining opportunity with Sandfire JV to supply “oxide” ore to Sandfire oxide plant Supplementary “sulphide” ore supply to DeGr
Slide 20: 10. Other Projects
For personal use only 10. Other Projects 20
Slide 21: 10a. Kumarina
10a. Kumarina Kumarina located 60kms NW of For personal use only DeGrussa HyMap airborne multispectral imaging scanner over 1,800 sq kms Multiple alteration zones Anomalous (+500ppm) base metals rock chips Further geochem and auger planned for 2014
Slide 22: 10b. Warrawanda
10b. Warrawanda 11km intrusive ultramafic For personal use only EM drill targets Helicopter mounted EM survey 22
Slide 23: 10c. Georgina IOCG
10c. Georgina IOCG For personal use only Coincident mag gravity anomalies Drill target Permits in place with pastoralist and NT applicants Significant cover +600m 23
Slide 24: Georgina IOCG
Georgina IOCG For personal use only Drill site
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