Vast Resources plc · LSE:VAST
Vast Resources — Investor Presentation (July 2018)
20 slides from Vast Resources's investor presentation, July 2018
Slide 1: Mine Optimisation Resource Expansion - Corporate Presentation July 2018
MINE O P T I M I S AT I O N RESOURCE E X PA N S I O N CO R P O R AT E P R E S E N TAT I O N / J U LY 2 0 1 8
Slide 2: Disclaimer
DISCLAIMER These materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in Vast Resources plc. (the “Company”) nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connec
Slide 3: A Vast Opportunity
A VAST OPPORTUNITY * PROSPECTIVE PORTFOLIO ▪ Two producing mines ▪ Manaila Polymetallic Mine (Romania) ▪ Pickstone-Peerless Gold Mine (Zimbabwe) ▪ Two mines ready for recommissioning ▪ Baita Plai Polymetallic Mine in Romania ▪ Eureka Gold Mine in Zimbabwe ▪ Additional upside from an exceptional pipe
Slide 4: Delivering MORE
DELIVERING MORE • MANAILA EXTENSION AREA • MANAILA POLYMETALLIC MINE (ROMANIA) (ROMANIA) • BAITA PLAI POLYMETALLIC MINE • PICKSTONE-PEERLESS GOLD MINE (ROMANIA) (ZIMBABWE) • EUREKA GOLD MINE (ZIMBABWE) • GIANT GOLD MINE (ZIMBABWE) DEVELOPMENT PRODUCTION Mine APPRAISAL Optimisation • PICIORUL ZIMBRUL
Slide 5: Romania
ROMANIA Helping to unlock the exceptional mineral potential of Romania through the recommissioning of mines and appraisal of expansion opportunities ▪ Vast has been active in Romania since 2014 ▪ Vast has been awarded five licences in three years providing the Company with a significant mineralised
Slide 6: Manaila Polymetallic Mine
MANAILA POLYMETALLIC MINE In the past 24 months Vast has: 156% Cu Increased Cu concentrate quality from Zn Commenced production of separate Increase in open pit JORC resource to 4.6Mt 15% to 17-18% and reduced Zn penalties from 12% down to 7% Zn concentrate and pyrite concentration with gold credits
Slide 7: Manaila Polymetallic Mine
MANAILA POLYMETALLIC MINE JORC RESOURCE ESTIMATE Q2 2018 PRODUCTION HIGHLIGHTS: ▪ 100% interest in Manaila Polymetallic Mine • 70% increase in tonnes of ore mined to 26,022 dry tonnes ▪ Total open pit Mineral Resource (Ind & Inf) of 4.6Mt at a grade of 0.97% Cu, 0.32% Pb, 0.68% • 102% increase in to
Slide 8: Operations at Manaila
OPERATIONS AT MANAILA CORPORATE PRESENTATION | JULY 2018 7
Slide 9: Baita Plai Polymetallic Mine
BAITA PLAI POLYMETA LLIC MINE TARGET TO REOPEN MINE ▪ Investment of less than US$4.5 million to date for acquisition, care IN H2 2018 and maintenance, legal fees, improvements and allocation of overhead ▪ Further US$1.5 million budgeted for re-start capex and US$0.3 million for underground drilling
Slide 10: Romanian Expansion
ROMANIAN EXPANSION Evaluation of previously producing mines and greenfield exploration to expand mineralised footprint across Romania and leverage first mover advantage PICIORUL ZIMBRULUI & MAGURA NEAGRA PROSPECTING LICENCES ▪ Prospecting activities commenced in October 2017 focussing on geological
Slide 11: Zimbabwe
ZIMBABWE Leveraging Vast’s considerable experience of operating in Zimbabwe to consolidate the fragmented mining industry and expand current mining operations ▪ Active in Zimbabwe since 2005 ▪ Highly rich mineral province with one of the best documented geological databases of the world's developing
Slide 12: Pickstone-Peerless Gold Mine
PICKSTONE -PEERLESS GOLD MINE “Q2 2018 delivered a record quarter for the Pickstone- Peerless Gold Mine and as we approach the sulphide orebody, we anticipate a continuing increase in production and quality at the mine” – Quarterly Production Report ▪ 56% increase in tonnes of ore mined to 101,706 t
Slide 13: Eureka Gold Mine
EUREKA GOLD MINE Acquired an indirect 23.75% interest in Eureka in April 2018 via a non-dilutive financing structure ▪ Eureka is a modern gold mine originally designed to produce up to 70,000oz of gold (‘Au’) per annum from an open pit operation – currently being recommissioned to deliver production
Slide 14: Giant Gold Mine
GIANT GOLD MINE Success at Pickstone-Peerless has prompted redevelopment initiatives at the Giant Mine in Zimbabwe • Giant Mine has a current inferred resource of 0.5Moz • Further exploration drilling being evaluated in addition to consultations with representatives of artisanal miners on site CORPO
Slide 15: MOU with Botswana Diamonds
MOU WITH BOTSWANA DIAMONDS Information exchange and formation of SPV to develop Zimbabwe’s diamond resources ▪ MOU signed with Botswana Diamonds plc (AIM: BOD) in May 2018 with the intention of: ▪ exchanging information derived from past exploration on areas prospective for diamonds in Zimbabwe; and
Slide 16: Corporate Summary
CO RP ORATE S U MMA RY CO R P O R AT E P R E S E N TAT I O N / J U LY 2 0 1 8
Slide 17: Company Snapshot
COMPANY SNAPSHOT Hargreaves Lansdown Market AIM 11.72 SHAREHOLDERS Interactive Investor Share Dealing Ticker VAST 8.04 Halifax Share Dealing Share price 0. 60p* 6.70 Barclays Wealth and Investment Market cap £32.41m* 5.57 Mgmt 66.93 Directors 1.04 Shares in issue 5,373,257,897 Others * as at 13.07.1
Slide 18: Supportive Investors
SUPPORTIVE INVESTORS Long term project level support of two significant investors – Mercuria Energy and Sub-Sahara Goldia Investments ▪ $9.5 million pre-payment agreement and off-take agreement signed with Mercuria ▪ Offtake period to April 2022 for up to 100% of the copper and zinc concentrate prod
Slide 19: Summary
SUMMARY Focussed on delivering MORE – Mine Optimisation and Resource Expansion ▪ Rapid transformation from exploration company to mining company delivering multiple revenue streams ▪ Two mines in operation – expansion and optimisation initiatives underway which is translating to significantly enhanc
Slide 20: Contact
Andrew Prelea | Chief Executive Officer T: +44 (0) 20 7236 1177 St Brides Partners |PR & IR Susie Geliher + Charlotte Page T: +44 (0) 20 7236 1177 susie@stbridespartners.co.uk charlotte@stbridespartners.co.uk