Vital Metals Ltd · ASX:VML
Vital Metals — Investor Presentation (January 2010)
16 slides from Vital Metals's investor presentation, Jan 21, 2010
Slide 1: Vital Metals Ltd Investment Presentation
For personal use only Vital Metals Ltd Investment Presentation January 2010 Howard W. Carr CEO
Slide 2: Disclaimer
Disclaimer For personal use only DISCLAIMER 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: Corporate Overview
Corporate Overview For personal use only • Shares on issue: 134m • Share Price: A$0.085 • Market Capitalisation: A$11.39 m • Major Shareholders: Aragon Resources 13% Cons. Minerals 11% Stan MacDonald 6% • Top 20 Shareholders: 56% • Cash on hand: $0.5m • Converting Notes: $500 000 000, 3yr 3 r term,
Slide 4: Directors & Management
Directors & Management For personal use only • Board: David Macoboy (Chairman Elect) Financial A d Andrew Si Simpson (NED) M k i Marketing Peter Cordin (NED) Engineering P lB Paul Benson (NED) Mi i Mining Bill Ryan (NED) (retiring) Mining • Management: H Howard dCCarr (CEO) Geology; Project Sourcing
Slide 5: Capital Raising & Use of Funds
Capital Raising & Use of Funds For personal use only • New Shares: 40m • Price: A$0.06 (67% 30 day VWAP) • Fund Raising: A$2.4m via: Tranche 1: <15% of Issued Capital T Tranche h 2: 2 Sh h ld A Shareholder Approvall Total Cash Post‐Raising: Post Raising: $2 17m (& no debt) $2.17m d b) Payback Conver
Slide 6: The Vital Ingredients
The Vital Ingredients For personal use only • Doulnia Gold Project, Burkina Faso, West Africa • Birrimian Greenstones (cf. Yandal, Abitibi) • Widespread soil anomalies >250ppb Au, • Trenches; 10m @ 7.87g/t Au • Artisinal “ROM” vein material; 23.5g/t Au • Excellent structural targets
Slide 7: Burkina Faso: The Next Gold Frontier
Burkina Faso: The Next Gold Frontier For personal use only • Presidential Democracy since 1990 • Rule of Law, Rising Standard of Living. • Transparent mining code based on WA Mines Act • 70,000 sqkm of Birrimian Greenstone Belts (BGB) • 87% of Au resource discovered since 2003 • All support services
Slide 8: Birrimian Gold
Birrimian Gold For personal use only Many, New, Big Discoveries •2008 Birrimian Resource: >178Moz vs. Batie •Yilgarn (WA) West prod’n to 2008: 201Moz
Slide 9: Doulnia: The Next African Gold Opportunity
Doulnia: The Next African Gold Opportunity For personal use only • Batie West: new, large, bulk tonne (low CapEx, OpEx), Birrimian Au discovery • Ampella: 2nd best on ASX 2009: • Ampella Farm‐In (& cooperation) is Vital’s headstart • $2.5m for 70%, PFS for 80%, indemnity for exploration gold rights
Slide 10: Doulnia: The Next African Gold Opportunity
Doulnia: The Next African Gold Opportunity For personal use only • 1990’s Anglo‐American Zn prospect • 14 drillholes; 164m @ 0.47% Zn • Artisinal Gold discovered 2008 Pannable Au-bearing Alteration Halo • Outcropping, multiple Au quartz veins & alteration halo • Under‐utilised Gold Plant 45km E Repe
Slide 11: Doulnia: The Next African Gold Opportunity
Doulnia: The Next African Gold For personal use only O Opportunity i Ashanti Features • NE Birrimian & shear zone • Anomalous Zn • Birrimian containing: •sulfidic cherts M black •Mn bl k shales h l •graphitic schists • NW structural corridor nb. Kollo (Gold) Prospect ~20sqkm of 479sqkm licence area
Slide 12: Doulnia's Vital Structure
Doulnia’s Vital Structure For personal use only Outstanding Structural Foliation Fault Granite Gold Targets Greenstone 1. Untested NW structural corridor (eg Ashanti) 2 Untested BGB wrapping 2. Tiebele Granite (eg Kanowna Belle, Sigma LaMarque) 3. Identified change of shear orientation (eg Batie Wes
Slide 13: ENE Vein Extensions & Repetitions
ENE Vein Extensions & Repetitions For personal use only • Dec 2009 discovery, 1km S of Kollo: 0.1 to 0.75m wide NE trending Au‐quartz vein extension & repetitions • average over 50m artisinal material ((~ROM): ) 23.5g/t g/ Au NE trending sub‐ outcropping veins dollied average artisinal material (23.
Slide 14: 2010 Work Programme
2010 Work Programme For personal use only Activityy Duration ((2010)) 1. Soils along structures (ENE, NW) Feb‐Apr 2. Trenching: infill, extensions, new areas Feb‐Apr 3. Drill existing targets; soils, artisinal workings May 4. Drill new targets from 1&2 May • Programme complete before wet season (May
Slide 15: Other Vital Assets
Other Vital Assets Watershed Tungsten Deposit For personal use only • Indicated *15.1Mt @ 0.46% WO3: 69300 t WO3 (41% of O’Callaghan’s inferred resource & 158% of grade) • Requires 25% increase WO3 price • China = 87% global W production • Active international investment promotion Plus: Mt Alexander
Slide 16: "V" is for Vital
For personal use only “V” is for Vital