Critica Limited · ASX:CRI
Critica — Venture Minerals — Paydirt's Battery Minerals Conference 2023
34 slides from Critica's conference presentation, Mar 21, 2023
Slide 1: Paydirt's Battery Minerals Conference
Targeting Sustainable Tin and Tungsten Production PAYDIRT’S BATTERY MINERALS CONFERENCE 21st – 22nd MARCH 2023 ASX | VMS www.ventureminerals.com.au
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 • Mount Lindsay Tin-Tungsten Underground Feasibility Study underway, experienced Study Manager engaged, leveraging off previous open-pit study which included >100,000m of diamond core drilling; • Recommenced Tin Exploration at Mount Lindsay leading to the discovery of two new mineralised
Slide 4: Corporate Snapshot
Corporate Snapshot Market Snapshot ASX:VMS Share Price and Volume Share Price (A$) Volume (Millions) Shares on issue 1,766m 0.10 60 Share price 2.1c 50 1 Unlisted options 42.6m 0.08 40 Market capitalization A$37.1m 0.05 30 Cash balance (31 December 2022) ~A$3.8m 20 0.03 Debt (31 December 2022) A$0.0
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 Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Managing Director Exploration Manager Chairman of Venture Minerals
Slide 6: Project Locations
Project Locations www.ventureminerals.com.au 6
Slide 7: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit www.ventureminerals.com.au 7
Slide 8: Mount Lindsay: Historic Tin Mining
Mount Lindsay: Historic Tin Mining
Slide 9: Historic Stanley Reward Alluvial Tin Workings
Historic Stanley Reward Alluvial Tin Workings
Slide 10: Tin for the future
Tin for the future Tin is an important part of the Fourth Industrial Revolution through solder which is the glue that connects everything that is electronic; Tin is technically diverse and hence is also an important part of the Green Industrial Revolution as this is led by technology as the worl
Slide 11: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin Solder market technology drivers: Electronics miniaturisation impact fading, Lead-free conversion has resumed. 5G to lead the new electronics era: Currently ~400g of Tin per car 5G to be the platform for connected future, Two phases of infrastr
Slide 12: Could a lack of ESG compliant tin supply affect the pace of energy transition?
“Could a lack of ESG compliant tin supply affect the pace of energy transition?” – Wood MacKenzie There is no shortage of tin supply potential, but ESG risk is a factor; Venture, as an Australian tin producer, can capitalise on global demand for ESG compliant tin. Global Tin Reserves (kt) 2500 2
Slide 13: Tungsten Ore at Mt Lindsay: A Critical Mineral
Tungsten Ore at Mt Lindsay: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability
Slide 14: EV Metal and Critical Minerals Demand – time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand – time to re-assess Mount Lindsay EV Metal and Critical Minerals 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 wo
Slide 15: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012)
Slide 16: Mount Lindsay Highlights
Mount Lindsay Highlights More than 100,000m of diamond core drilling has been completed on the project by predominately Venture, most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; Open Pit Feasibility Study completed with comprehensiv
Slide 17: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets www.ventureminerals.com.au 17
Slide 18: New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell
New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine www.ventureminerals.com.au 18
Slide 19: New Tin Drilling intersects Sulfide rich Skarn along strike to Mount Lindsay
New Tin Drilling intersects Sulfide rich Skarn along strike to Mount Lindsay Deposit www.ventureminerals.com.au 19
Slide 20: REE mineralisation discovered adjacent to Tin Zones at Mount Lindsay
REE mineralisation discovered immediately adjacent to Tin Zones at Mount Lindsay
Slide 21: Very High Grade Magnet REE identified at surface near Reward REE Drill Intersections
Very High Grade Magnet REE identified at surface near Reward REE Drill Intersections Highly anomalous zone is further supported by some of the six historic terrace gravel samples with peak assays of the key REE being 4,337 ppm (0.43%) Praseodymium Oxide (Pr6O11), 4,774 ppm (0.48%) Neodymium Oxide (N
Slide 22: Drilling has commenced at a new, high priority REE-Tin target
Drilling has commence at a new, high priority REE-Tin target at Mount Lindsay • New REE-Tin target (“Cruncher”) consists of a 1,200 metre long soil anomaly defined mainly by two REEs La and Ce, sitting within a broader Boron soil anomaly, both are open to the north. Known Sn-W-magnetite skarns in th
Slide 23: New Nickel Target to be drill tested next week
New Nickel Target to be drilled tested next week • The new Nickel Target is a 3 kilometre long EM conductor supported by nickel in soil anomalism and hosted within the Wilson River Utramafics; • Venture has 100% ownership of granted tenure encompassing 13 kilometres of this prospective ultramafic un
Slide 24: Chalice JV with Venture on Julimar lookalike in the South West Project
Chalice JV with Venture on “Julimar lookalike” in the South West Project Chalice Mining (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; C
Slide 25: Julimar and South West Projects aeromagnetic signatures are of a similar scale
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures are of a similar scale www.ventureminerals.com.au 25
Slide 26: Julimar and South West Projects also have EM anomalies of a similar scale
Chalice’s Julimar and Venture’s South West Projects also have EM anomalies are of a similar scale www.ventureminerals.com.au 26
Slide 27: Chalice's completed EM survey generates 11 new conductor models over Thor
Chalice’s completed EM survey generates11 new conductor models over the Thor Target Massive Sulfides in TOR05 from drilling at the Thor “Julimar lookalike” Target intersected 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium.
Slide 28: Chalice completed Maiden Drilling program at Thor
Chalice completed Maiden Drilling program at Thor Testing High Priority EM Targets Chalice’s exploration team have also completed an extensive Auger Surface Geochemistry program to define other potential base metal (Ni, Cu, Co, Zn, Pb) and/or precious metal (Pd, Pt, Au) anomalies along the prospecti
Slide 29: Chalice Mining identifies new Ni-Cu-PGE targets at South West Project
Chalice Mining identifies new Ni-Cu-PGE targets at Venture’s South West Project • Chalice has received results from the recently completed Auger Soil Geochemistry program and has identified two new target areas having magmatic Ni-Cu-PGE sulfide potential supported by underlying geology that is consi
Slide 30: Chalice meets Stage One expenditure and commits to Stage Two
Chalice meets Stage One expenditure and commits to Stage Two of $2.5M in two years to go to 70% interest • New targets were not part of Chalice’s ground EM program and the Auger Geochemical results in these new targets have stronger coincidental magmatic indicator metals, including Ni, Cu, Co, Pd, P
Slide 31: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit www.ventureminerals.com.au 31
Slide 32: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently Steady state production achieved; First Shipment of Iron Ore completed; Volatile market conditions for shipping and iron ore; Plant on Care & Maintenance whilst waiting for improving market conditions. www.ventureminerals.com.au 32
Slide 33: Key Investment Highlights
Key Investment Highlights The advanced Mount Lindsay Tin-Tungsten Project is well positioned to take advantage of the strong EV and critical mineral markets as the Tin price sits at record levels; Venture Minerals is targeting sustainable Tin Production from Mount Lindsay to capitalize on the global
Slide 34: Thank You
Targeting Sustainable Tin and Tungsten Production THANK YOU ASX | VMS www.ventureminerals.com.au
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