Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Investor Presentation (January 2015)
34 slides from Vault Minerals's investor presentation, Jan 20, 2015
Slide 1: Red 5 Limited – Siana Gold Project
Red 5 Limited * IFRIC 20 Standard and includes royalties (2%) and SDMP and EPEP commitments (4%) Siana Gold Project 20 January 2015 RED5 Limited
Slide 2: Geographical location – Siana Gold Project
Geographical location – Siana Gold Project RED5 Limited Slide 2
Slide 3: Red 5 at a glance
Red 5 at a glance RED – ASX: (Share price at 19 January 2015) A$0.11 Issued shares 759 m Market capitalisation $83.5 m Cash (at 19 January 2015) $16.9 m Secured Debt & Hedging nil Substantial shareholders • Baker Steel Capital Managers LLP 19.8% • Franklin Resources Inc. 16.2% • Acorn Ca
Slide 4: Recent activities
Recent activities Cease and Desist Order (CDO) lifted over milling operations at Siana Gold Project Construction, upgrade and sign-off for stage I of three Tailing Storage Facilities Construction of Thickener and Cement addition plant Estimated 195,000 tonnes of ore mined at 2.43 g/t current
Slide 5: Construction and upgrade of tailings storage facilities
Construction and upgrade of tailings storage facilities RED5 Limited Slide 5
Slide 6: Construction of HDPE lined tailings storage facility (TSF 5)
Construction of HDPE lined tailings storage facility (TSF 5) RED5 Limited Slide 6
Slide 7: Construction of HDPE lined tailings storage facility (TSF 5)
Construction of HDPE lined tailings storage facility (TSF 5) RED5 Limited Slide 7
Slide 8: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) RED5 Limited Slide 8
Slide 9: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) RED5 Limited Slide 9
Slide 10: Upgrade existing tailings storage facilities (TSF 3 and 4)
Upgrade existing tailings storage facilities (TSF 3 and 4) RED5 Limited Slide 10
Slide 11: Construction, upgrade and sign-off for stage I of three tailing storage facilities
Construction, upgrade and sign-off for stage I of three tailing storage facilities Capital cost to date A$12.1 Capacity of 375,000 tonnes (currently at Stage I) Sign off received from Knight Piésold confirming that construction was accomplished to the approved design and technical standard and
Slide 12: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant RED5 Limited Slide 12
Slide 13: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant RED5 Limited Slide 13
Slide 14: Construction of a thickener and cement addition plant
Construction of a thickener and cement addition plant RED5 Limited Slide 14
Slide 15: Construction and commissioning of a thickener and cement addition plant
Construction and commissioning of a thickener and cement addition plant Construction of a thickener and cement addition plant completed in November 2014 Capital cost A$3.7 Million Process plant - an extensive systematic process was undertaken to inspect and rehabilitate all the mechanical, ele
Slide 16: Restart of mining activities
Restart of mining activities Mining activities re commenced in June 2014; since then • total material movement is over 1.1 million BCM, of which 716,000 BCM is ex pit • majority has been used for TSF construction, with the balance used for the RoM Pad expansion and delivered to various stockpiles
Slide 17: Ore mined – December 2014
Ore mined – December 2014 RED5 Limited Slide 17
Slide 18: Status of dewatering and de-pressurizing wells – phase I
Status of dewatering and de pressurizing wells – phase I 7 wells operational Part Operating Operating Operating Well construction issue - TBD Operating 3 Wells Operating RED5 Limited Slide 18
Slide 19: Power supply upgrade
Power supply upgrade The Siana Gold Project was connected to the external grid mains power in June 2014 and is no longer solely reliant on the site-generated power To date the external grid mains power has largely remained stable, however potential availability concerns remain. Installation of
Slide 20: Next steps …
Next steps … Recommence commercial gold production Recommence exploration Underground in-fill drilling Open pit and Underground mining review Long term tailing storage facility solution RED5 Limited Slide 20
Slide 21: Potential 2015 exploration activities
Potential 2015 exploration activities Siana Gold Project – near mine exploration Alegria – within Siana tennements Siana Gold Project – U/G in-fill drilling Mapawa LSY and St Nino targets – regional exploration RED5 Limited Slide 21
Slide 22: Surigao del Norte Province – highly prospective
Surigao del Norte Province – highly prospective RED5 Limited Slide 22
Slide 23: Alegria - tenement opportunities
Alegria - tenement opportunities RED5 Limited Slide 23
Slide 24: Mapawa – key drill results to date
Mapawa – key drill results to date MDD001 167m @ 1.06g/t Au, 0.17% Cu MDD003 156m @ 1.23g/t Au, 0.19% Cu MDD007 69m @ 1.06g/t Au, 0.16% Cu MDD008 22m @ 1.10g/t Au, 0.09% Cu MDD015 45m @ 1.90g/t Au, 0.03% Cu (hole ended in mineralization) MDD017 33m @ 3.40g/t Au, 0.08% Cu (>550m away from above holes
Slide 25: Underground Mining
Underground Mining Commence an infill drilling program Review underground mining strategy and feasibility study by third party specialist Update underground resource and reserve model RED5 Limited Slide 25
Slide 26: Long term tailings storage facility
Long term tailings storage facility Review prior work Evaluate through a multi criteria analysis matrix Decide on best long term tailings storage strategy and options Prepare detail design for new facility Acquire land for new facility and obtain necessary permits Construct and operate n
Slide 27: On-going community support
On-going community support Support continues in the areas of: Health Education Welfare Agricultural Infrastructure Clean water RED5 Limited Slide 27
Slide 28: Environmental Responsibility
Environmental Responsibility Committed to high environmental standards Continual water quality monitoring Water drainage systems Silt ponds Cyanide destruction Tree planting RED5 Limited Slide 28
Slide 29: Siana Mining Reserve (JORC 2004)
Siana Mining Reserve (Jorc 2004) Mineral Reserve (as at June 2013) Contained Contained Tonnes Gold Grade Gold Silver Grade Silver Category (millions) (g/t) (‘000 oz) (g/t) (‘000 oz) Stockpiles 0.04 2.8 4.0 Open Pit 3.59 2.79 322 5.7 658 Underground 1.94 5.82 363 9.1 566 Total Reserve 5.57 3.83 689 6
Slide 30: Siana Resource (JORC 2004)
Siana Resource (Jorc 2004) Mineral Resource (as at June 2014)) Tonnes Gold Contained Silver Contained Category (million) Grade Gold Grade Silver (g/t) (‘000 oz) (g/t) (‘000 oz) Indicated Resource Open Pit 9.3 2.5 740 4.2 1,254 Underground 0.9 6.7 199 12.2 359 Total Indicated Resource 10.2 2.9 939 4.
Slide 31: Competent Persons Statement
Competent Persons Statement The information in this report relating to Mineral Resources and Drilling Results is based on information compiled by Mr. Byron Dumpleton, Member of the Australian Institute of Geoscientist (Member No 1598). This information was prepared and first disclosed under the JORC
Slide 32: RED 5 Limited
RED5 Limited Slide 32
Slide 33: Summary & Questions
Summary & Questions Cease and Desist Order lifted Production re-started Asset quality and tenement growth potential remains Exploration to re-start RED5 Limited Slide 33
Slide 34: Contact details
Contact details Australia Philippines Red 5 Limited Greenstone Resources Corporation Level 2, Level 5, 35 Ventnor Avenue NOL Tower, Commerce Ave West Perth Muntinlupa City Western Australia Manila 6005 1770 Ph: + 61 8 9322 4455 Ph: + 63 2 807 2790 Mark Williams (Managing Director) Kevin