Vital Metals Ltd · ASX:VML

Vital Metals — Investor Presentation (August 2016)

14 slides from Vital Metals's investor presentation, Aug 1, 2016

1. Slide 1: Ready to rise: drilling for gold in Burkina Faso

   For personal use only Investor Presentation – August 2016 Ready to rise: drilling for gold in Burkina Faso  Major new program underway  Extensive gold corridor ASX: VML  Bonanza grades up to 60g/t Au

2. Slide 2: Forward looking statements

   Forward looking statements Certain 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 statements, other For personal use

3. Slide 3: High-impact gold exploration underway

   High-impact gold exploration underway  Major drilling program underway at Kollo Gold Project, Burkina Faso For personal use only  Previous drilling has returned bonanza hits including:  5m @ 60.36g/t Au from 75m;  4m @ 18.71g/t Au from 76m.  Major gold system with drilling to in-fill and extend

4. Slide 4: Corporate snapshot

   Corporate snapshot  X Structure (ASX:VML) Capital Major Shareholders For personal use only Share price (29 July 2016) A$0.018 per share Shares on issue 525.3 million* Market capitalisation A$9.5 million Options on Issue 91.7 million Cash A$1.7 million* Debt A$3 million Enterprise value A$10.8 milli

5. Slide 5: The Right Address

   The Right Address For personal use only  100% ownership of three tenements  A premier gold address  Advanced project at Kollo with exploration drilling along 6km strike length of gold in soil mineralisation  Significant opportunity to increase extents of known mineralisation with further drillin

6. Slide 6: A Major Emerging Gold System

   A Major Emerging Gold System For personal use only  Multiple untested gold targets  Kollo and Kollo Extensions  Kollo Southwest  Kollo Central  Kollo Northwest  Regional  Boungou South  ADB / Cassava  Eastern Boundary North & South  Tangassougou Investor Presentation 6

7. Slide 7: Kollo Project – High-Grade Mineralisation

   Kollo Project – High-Grade Mineralisation  Advanced exploration project with For personal use only high grade gold mineralisation from surface:  5m @ 60.36g/t from 75m including 2m @ 128.5g/t (KRC260)  44m @ 6.39 g/t from 8m (KRC210)  31m @ 3.19 g/t from 34m (KRC019)  15m @ 7.78g/t from 105m in

8. Slide 8: Kollo Trend – Gold Exploration Upside

   Kollo Trend – Gold Exploration Upside For personal use only All results reported previously 25/5/2010, 24/3/2011, 9/6/2011, 3/8/2011, 30/1/2012, 20/2/2012, 29/3/2012. This information w as prepared and first disclosed under the JORC Code 2004. It has not been updated since to Investor Presentation c

9. Slide 9: Burkina Faso – Gold and Zinc

   Burkina Faso – Gold and Zinc  Boungou South Gold Prospect located 6km to  Highly prospective for VMS style mineral For personal use only the south east of Kollo Project deposits. Drill-ready targets with ore grade intercepts including:  Encouraging first pass RC drill results include:  14.15m @

10. Slide 10: Queensland Exploration – Gold and Copper

    Queensland Exploration – Gold and Copper  Elephant Creek gold prospect (EPM 19089) For personal use only  Historic 1980’s era drilling has reported encouraging intercepts:  GABP019 4m @ 14.5g/t from 12m  CRC35 15m @ 2.70 g/t from 26m  GABP028 10m @1.95g/t from 14m  CRC5 32m @ 1.68 g/t from sur

11. Slide 11: Queensland – Watershed Tungsten Project

    Queensland – Watershed Tungsten Project  DFS completed, fully permitted, 100% For personal use only owned  Reserves of 21.5Mt at 0.15% (31,000 tonnes WO3)  2.5Mtpa open pit operation, 10-year life  Simple mining with ore from surface, low strip ratio, mineralisation is visual  Simple metallurgy

12. Slide 12: Conclusions

    Conclusions  Highly leveraged to strong gold market environment For personal use only  Fully-funded for current drilling program in Burkina Faso  Kollo Project: outstanding address, known high-grade mineralisation  Extensive program underway: results expected to flow from September onwards  Ear

13. Slide 13: Competent Person's Statement

    Competent Person’s Statement The information that refers to Mineral Resources in this presentation was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially For personal use only cha

14. Slide 14: Cautionary Statement

    Cautionary Statement The Definitive Feasibility Study (DFS) referred to in this presentation is based on a Proved and Probable Ore Reserve derived from a Measured and Indicated Mineral Resource, plus a small proportion of mining inventory, which comprises material that is For personal use only curre

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