Slide 1: Venture Minerals Limited Investor Presentation
Venture Minerals Limited Investor Presentation August 2020
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation may contain certain forward looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 3: Highlights
Highlights • Leveraging off solid commodity prices, a favourable exchange rate and over $45 million spent previously on its advanced mining projects in the North-West of Tasmania; • Positive Final Investment Decision for the Riley Iron Ore Mine made, preparations for mining and dry screening operati
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A29.1m (@ A$0.031) Shares on Issue 939.8m Enterprise Value A$23.0m (incl Placement and SPP) Unlisted Options: 21.9m Cash at 30 June 2020 A$6.1m 16.4@ A$0.001, 1m @ A$0.45, (including Placement and SPP 2m @ A$0.50, 2.5m @ A$0.55 net of costs) Top
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Aug
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RILEY IRON ORE MINE Venture Minerals | Investor Presentation | August 2020 7
Slide 8: Riley Iron Ore Mine - Ore Deposit
Riley Iron Ore Mine - Ore Deposit Immediately accessible Ore Reserves of 1.6mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals | Investor Presentation | August 2020 8
Slide 9: Riley Iron Ore Mine DSO Hematite Project – Overview & History
Riley Iron Ore Mine DSO Hematite Project – Overview & History • Riley DSO Project - 100% owned, located in North west Tasmania; • Riley Iron Ore Mine: Situated on a granted mining lease; Reserves of 1.6Mt @ 57% Fe with low impurities*; DSO deposit is all at surface with zero strip ratio; Loc
Slide 10: Riley Iron Ore Mine DSO Hematite Project – Restart work completed
Riley Iron Ore Mine DSO Hematite Project – Restart work completed Priority review of the Riley Iron Ore Mine, for a potential restart following a significant sustained recovery in the iron ore price; Off-take Agreement secured with Tier 1 Global Iron Ore trader for full two- year mine life; Hi
Slide 11: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently Positive Final Investment Decision for the Riley Iron Ore Mine made, prompting preparations for mining and dry screening operations to commence immediately; Port and Road Access Agreements signed so path to Iron Ore production at Riley is now fully in place from m
Slide 12: Upcoming Milestones & Conclusions
Upcoming Milestones & Conclusions Upcoming milestones include: Recommencement of ore mining and dry screening activities; Secure wet screening plant financing; Select preferred road haulage tenderer; First ore haulage; First ore shipment. Conclusions: Venture targeting first shipment pot
Slide 13: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals | Investor Presentation | August 2020 13
Slide 14: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals | Investor Presentation | August 2020 14
Slide 15: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 16: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 17: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 18: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals | Investor Presentation | August 2020 18
Slide 19: Tin Market Outlook
Tin Market Outlook • Tin today at about ~US$17,500/t or ~A$25,000/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000 tpa by 2030; • Visible Tin S
Slide 20: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Recent Bridge Collapse on African Tin Expor
Slide 21: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals | Investor Presentation | August 2020 21
Slide 22: EV Metal Demand, time to re-assess Mount Lindsay
EV Metal Demand, time to re-assess Mount Lindsay • EV demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay. • Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the world, containing in excess of 80,000* tonnes of tin
Slide 23: Resource Statement – Mount Lindsay Tin-Tungsten
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 24: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project Highlights • Approximately 83,000m of diamond core drilling used to define JORC compliant resources with +60% in the Measured & Indicated categories; • Feasibility Study completed with comprehensive metallurgical test-work, with further post feasibility test-work d
Slide 25: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin Combined Resources of Measured/Indicated/Inferred: 215,700t of Tin* Venture Minerals | Investor Presentation | August 2020 *Source: MLX ASX Announcement 23 August 2018 25
Slide 26: Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others
Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others Nickel Sulfide Target in Ultramafic Mount Lindsay Style Sn-W Targets Renison Style High Grade Tin Target Venture Minerals | Investor Presentation | August 2020 26
Slide 27: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Aug
Slide 28: Chalice to earn-in on Julimar look-a-like in the South-West Project
Chalice to earn-in on Julimar look-a-like in the South-West Project • Chalice Gold Mines (ASX:CHN) who recently discovered the new exciting Julimar Ni-Cu-PGE discovery in a new province near Perth, Western Australia has committed to spend up to $3.7M to earn 70% in Venture’s South West Project; • Ch
Slide 29: South-West Project already has shown Ni-Cu-PGE potential
South-West Project already has shown Ni-Cu-PGE potential • Thor has a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic- ultramafic intrusions with potential to host Julimar type mineralisation; • Recent EM survey having identified 13 targets in the southern 6km of t
Slide 30: Chalice’s Julimar and Venture’s South West Projects
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale Venture Minerals | Investor Presentation | August 2020 * Refer Chalice Gold Mines ASX announcement 21st July 2020 30
Slide 31: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Aug
Slide 32: Golden Grove North Project
Golden Grove North Project • 288 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); 25 strike kilometres of a largely untested, prospective sequence for VMS style mineralisation; 25km of Prospective VMS Style Sequence • Historic shallow gold drill Endowment (Resources and Produ
Slide 33: Golden Grove North - Early Exploration Success with Vulcan VMS Discovery
Golden Grove North -Early Exploration Success with Vulcan VMS Discovery • New Volcanic Massive Sulfide (VMS) target discovered along strike of the world class Golden Grove Zinc-Copper- Gold Mine; • Two-Kilometre-Long VMS target identified by the following: • Highly anomalous Copper (Cu) in soil resu
Slide 34: Golden Grove North - Repeats Early Exploration Success with Neptune VMS Discovery
Golden Grove North-Repeats Early Exploration Success with Neptune VMS Discovery • A second new VMS target has been discovered along strike of the world class Golden Grove Zinc-Copper-Gold Mine; • The new target, identified within the Golden Grove Mine Sequence, is considered high priority for follow
Slide 35: EM Surveys unveil Priority Massive Sulfide drill targets at Vulcan Cu-Au prospect
EM Surveys unveil Priority Massive Sulfide drill targets at Vulcan Cu-Au prospect • EM surveys at Vulcan discover three high priority VMS drill targets at the Vulcan Cu-Au Prospect; • Vulcan EM Target sits within a highly prospective VMS rock sequence immediately below, surface rock chip results of
Slide 36: New Priority Massive Sulfide targets at Vulcan West and Vulcan North analogous to Scuddles
New Priority Massive Sulfide targets at Vulcan West and Vulcan North analogous to Scuddles • Vulcan West EM Target sits along strike from shallow drill intersections of up to 0.5% Zn (Scuddles lookalike). • Vulcan North EM Target sits within a highly prospective VMS rock sequence below a highly anom
Slide 37: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Aug
Slide 38: Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries
Kulin Project – Prospective Geological Setting for PGE- Ni-Cu discoveries. • Kulin Project is located ~230 km south- southeast of Perth in Western Australia. Venture is focusing on the interpreted layered mafic-ultramafic intrusion near the town of Kulin. The layered mafic- ultramafic intrusion targ
Slide 39: Kulin - Gold Discovery delivers Drill Ready Targets
Kulin - Gold Discovery delivers Drill Ready Targets • Kulin is also located in an emerging Western Australian Gold Province. Kulin is within the South West Terrane of the Yilgarn Archean Craton which already contains several major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd
Slide 40: Conclusions
Conclusions Exciting phase as Venture looks to move from explorer to producer; Mount Lindsay Tin-Tungsten Project provides exposure to near term production of EV Metals and Critical Minerals; Chalice’s Ni-Cu-PGE exploration expertise at the South West Project gives Venture the best opportunity
Slide 41: Thank You
Thank You www.ventureminerals.com.au Venture Minerals | Investor Presentation | August 2020