Vital Metals Ltd · ASX:VML
Vital Metals — ITIA Sydney AGM, September 2013
20 slides from Vital Metals's conference presentation, Sep 20, 2013
Slide 1: An Emerging Tungsten Producer
For personal use only AN EMERGING TUNGSTEN PRODUCER ITIA Sydney AGM, September 2013
Slide 2: Disclaimer
Disclaimer: Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future For personal use only financial or operating performance of the Company and its projects, constitute forward-looking statements. All statements, other t
Slide 3: Vital Board
Vital Board For personal use only David Macoboy Mark Strizek Andrew Simpson Peter Cordin Non-Executive Managing Director Non-Executive Non-Executive Chairman Director Director
Slide 4: Vital Company Structure
Vital Company Structure For personal use only
Slide 5: The Form Guide
The Form Guide For personal use only • Environmental approvals completed • World class tungsten resource • Significant potential for future resource growth • Feasibility study due for completion end 2013 • Strategic development partner • High value clean scheelite concentrate • Queensland is a good
Slide 6: Why Tungsten?
Why Tungsten? For personal use only Scheelite Wolfram Scheelita Tungsten Scheeliet Volfram Szelit Tungstênio
Slide 7: Tungsten is Vital
Tungsten is Vital For personal use only Hardmetals matter: • Exploration • Machining • Defence Hardmetals 60% Steel Alloys 22% Mill Products 10% Other 8%
Slide 8: Tungsten Outperforms
For personal use only Tungsten Outperforms
Slide 9: Where is Watershed?
For personal use only Where is Watershed?
Slide 10: World Class Resource
World Class Resource For personal use only • Robust independent mineral resource estimate 2012 • Classified and reported using JORC Code and Guidelines • Resource is open at depth and along strike Measured Indicated Inferred Combined WO3% Cut off Mt WO3% Mt WO3% Mt WO3% Mt WO3% WO3% Tonnes 0.05 9.47
Slide 11: Set to Grow
Set to Grow For personal use only • Prospective open pit drill ready targets on surface: – Watershed South, Desailly and Desailly North • Zebra Hill needs follow up work • All targets within 5km radius of proposed process plant
Slide 12: Underground Potential
Underground Potential For personal use only • Tungsten grades increase with depth • MWD119 intersected 20m @ 1.27 % WO3 from 302m • Potential for underground to add mine life after open pit mining • Greisen mineralisation target at depth
Slide 13: Watershed DFS Underway
Watershed DFS Underway For personal use only • Up to 3Mpta Open Pit mine • Hydraulic excavators and rigid body trucks • Ore sorting and flotation plant • 4,000-5,000 tpa of concentrate • All concentrate for export • JOGMEC link to development partner • End 2013 completion
Slide 14: Watershed Flowsheet
For personal use only Watershed Flowsheet
Slide 15: Clean Concentrate
Clean Concentrate For personal use only • High quality concentrate (>65% WO3) • No contaminants such as arsenic • No radioactivity • Concentrate can be shipped to Japan, China, US and Europe
Slide 16: Approvals Completed
Approvals Completed For personal use only • Environmental Approvals have been issued • ILUA completed with Western Yalanaji people • Pastoral station agreements completed • Mining Leases expected to be granted this year
Slide 17: Strategic Partnership
Strategic Partnership For personal use only • JOGMEC earned 30% interest in project for $5.4M • Have the right to assign their interest to a Japanese “JOGMEC Seeks a Stable Corporation Supply of Natural Resources for Japan” • JOGMEC act as bank guarantor on loans to Japanese Corporations for project
Slide 18: A Good Jurisdiction
A Good Jurisdiction For personal use only • Local community and Queensland Government is supportive of Project • New Australian Federal Government declared – “Australia is open for business” • Input costs reducing • A$ falling
Slide 19: A Vital Opportunity
A Vital Opportunity For personal use only • All significant approvals have been completed • Low risk – First World jurisdiction • Queensland and Federal Governments supportive of mining • Strategic partner JOGMEC link to potential funding pathway • High value scheelite concentrate • Exploration upsi
Slide 20: An Emerging Tungsten Producer
For personal use only AN EMERGING TUNGSTEN ASX:VML PRODUCER www.vitalmetals.com.au