Vital Metals Ltd · ASX:VML
Vital Metals — Shareholder Meeting (November 2013)
23 slides from Vital Metals's shareholder meeting presentation, Nov 25, 2013
Slide 1: Vital Metals Annual General Meeting
For personal use only VITAL METALS ANNUAL GENERAL MEETING ASX:VML 25 November 2013 Building a globally significant strategic metals company
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person For personal use only Certain oral and 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 s
Slide 3: Company Overview and Structure
Company Overview and Structure For personal use only Capital Structure Directors ASX Code: VML David Macoboy – Chairman Share price: A$0.040 Mark Strizek - Managing Director Shares on Issue: 241M Peter Cordin – Non-Exec Director Options on Issue: 80M Andrew Simpson - Non-Exec Director Market Cap (un
Slide 4: Vital Metals in the News
Vital Metals in the News… For personal use only The West Australian, 11 November 2013
Slide 5: Watershed in 2013: The Form Guide
Watershed in 2013: The Form Guide For personal use only • Environmental approvals completed • World-class tungsten resource with significant growth potential • Expanded Feasibility Study due for completion Q1 2014: – Investigating potential to triple annual production – Investigating potential for u
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 • Produces hard, high density metals used in: • Mining exploration • Machining • Defence • Tungsten alloys used for aerospace and automotive manufacturing Hard Metals 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: Queensland: A Good Jurisdiction
Queensland: A Good Jurisdiction For personal use only • Local community and Queensland Government is supportive of the Project • New Australian Federal Government has declared – “Australia is open for business” • Input costs for key services, contractors are reducing • Australian Dollar is falling
Slide 11: Approvals Completed
Approvals Completed For personal use only • Environmental Approvals have been issued • Indigenous Land Use Agreement (ILUA) completed • Pastoral station agreements completed • Mining Leases expected to be granted this year
Slide 12: Strategic Partnership
Strategic Partnership For personal use only • JOGMEC earned a 30% interest in the Watershed Project for $5.4M • JOGMEC have the right to assign “JOGMEC Seeks a Stable their interest to a Japanese Supply of Natural Corporation Resources for Japan” • JOGMEC act as bank guarantor on loans to Japanese C
Slide 13: 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 14: 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 15: Underground Potential
Underground Potential For personal use only • Tungsten grades increase with depth • MWD119 intersected 20m @ 1.27% WO3 from 302m • Greisen mineralisation target at depth • Potential for underground to add mine life after open pit
Slide 16: Outstanding Exploration Potential
Outstanding Exploration Potential For personal use only Elements Name Tenement of Tonnage Range (kt) Grade Range Comments Interest 2012 JORC resource update Watershed MDL127 W 49,300 0.14% reported at 0.05% cut-off for 70,400t contained WO3 *Exploration Targets: Watershed Deeps* MDL127 W 10,500 – 14
Slide 17: Watershed DFS: Key Metrics
Watershed DFS: Key Metrics For personal use only • Open pit mine, potentially followed by underground • Hydraulic excavators and rigid body trucks • Ore sorting and flotation plant • 4,000 - 5,000tpa of concentrate (based on 3Mtpa production scenario) • All concentrate for export • JOGMEC link to de
Slide 18: Process Flow Sheet
Process Flow Sheet For personal use only Watershed Flowsheet
Slide 19: 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 20: Optimised DFS: A Unique Opportunity
Optimised DFS: A Unique Opportunity For personal use only • Strong tungsten outlook and weaker $A = compelling opportunity to expand production • Two key studies underway to optimise mine plan: – Increase annual production to 3Mtpa (estimated additional CAPEX of just $150M) – Commence underground mi
Slide 21: Watershed: A Vital Opportunity
Watershed: 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 • Exp
Slide 22: Doulnia Gold Project: Burkina Faso
Doulnia Gold Project: Burkina Faso For personal use only • Significant land holding within highly- prospective Birimian Greenstone Belt – proven gold address • Targeting shallow high grade gold mineralisation • Close to critical infrastructure • Recently moved to 100% ownership of all tenements • Be
Slide 23: Vital Metals Annual General Meeting
For personal use only VITAL METALS ANNUAL GENERAL MEETING ASX:VML 25 November 2013 Building a globally significant strategic metals company