Critica Limited · ASX:CRI
Critica — RIU Explorers Conference 2020
36 slides from Critica's conference presentation, Feb 20, 2020
Slide 1: Venture Minerals Limited RIU Explorers Conference Presentation
Venture Minerals Limited RIU Explorers Conference Presentation 18th-20th February 2020
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation may contain certain forward looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 3: Highlights
Highlights • Leveraging off solid commodity prices, a favourable exchange rate and over $45 million spent previously on its advanced mining projects in the North-West of Tasmania; • Well positioned to recommence mining at the Riley Iron Ore Project with site preparation for ore production nearing co
Slide 4: Corporate Snapshot
Corporate Snapshot Summary Capital Raising History ASX Code: VMS June 2019 Placement and Underwritten Accelerated rights issue of 286.3m shares at $0.02 for $5.7m. July 2018 Two Tranche Placement of 85.1m shares at A$0.03 Shares on issue: 806.9m for A$2.5m; Listed Options 143.2m September 2017 Place
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project PGE -Ni–Cu Venture Minerals | RIU Explorers Conference | February 2
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RILEY IRON ORE MINE Venture Minerals | RIU Explorers Conference | February 2020 7
Slide 8: Riley Iron Ore Mine - Ore Deposit
Riley Iron Ore Mine - Ore Deposit Immediately accessible Ore Reserves of 1.6mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals | RIU Explorers Conference | February 2020 8
Slide 9: Riley Iron Ore Mine DSO Hematite Project – Overview & History
Riley Iron Ore Mine DSO Hematite Project – Overview & History • Riley DSO Project - 100% owned, located in North west Tasmania; • Riley Iron Ore Mine: Situated on a granted mining lease; Reserves of 1.6Mt @ 57% Fe with low impurities*; DSO deposit is all at surface with zero strip ratio; Loc
Slide 10: Riley Iron Ore Mine DSO Hematite Project – Past 12 months
Riley Iron Ore Mine DSO Hematite Project – Past 12 months Priority review of the Riley Iron Ore Mine, for a potential restart following a significant sustained recovery in the iron ore price; Off-take Agreement secured with Tier 1 Global Iron Ore trader; Highly experienced project team assembl
Slide 11: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently Riley Iron Ore Mine site preparation for ore production nearing completion with the following civil infrastructure in place; - Site Offices installed, - Run-of-Mine (ROM) Pad constructed, - On-site haulage roads upgraded. Finalising negotiations on the road and po
Slide 12: Upcoming Milestones & Conclusions
Upcoming Milestones & Conclusions Upcoming milestones include: Completion of civil infrastructure; Further optimization of Mining Study outcomes; Final decision to commence mining; First ore haulage; First ore shipment. Conclusions: Board commits to decision to recommence mining at Riley
Slide 13: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals | RIU Explorers Conference | February 2020 13
Slide 14: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals | RIU Explorers Conference | February 2020 14
Slide 15: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 16: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 17: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 18: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals | RIU Explorers Conference | February 2020 18
Slide 19: Tin Market Outlook
Tin Market Outlook • Tin today at about ~US$16,500/t or ~A$25,000/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000 tpa by 2030; • Visible Tin S
Slide 20: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Recent Bridge Collapse on African Tin Expor
Slide 21: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals | RIU Explorers Conference | February 2020 21
Slide 22: EV Metal Demand, time to re-assess Mount Lindsay
EV Metal Demand, time to re-assess Mount Lindsay • EV demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay. • Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the world, containing in excess of 80,000* tonnes of tin
Slide 23: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 24: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project Highlights • Approximately 83,000m of diamond core drilling used to define JORC compliant resources with +60% in the Measured & Indicated categories; • Feasibility Study completed with comprehensive metallurgical test-work, with further post feasibility test-work d
Slide 25: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin Combined Resources of Measured/Indicated/Inferred: 215,700t of Tin* Venture Minerals | RIU Explorers Conference | February 2020 *Source: MLX ASX Announcement 23 August 2018 25
Slide 26: Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others
Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others Nickel Sulfide Target in Ultramafic Mount Lindsay Style Sn-W Targets Renison Style High Grade Tin Target Venture Minerals | RIU Explorers Conference | February 2020 26
Slide 27: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project PGE -Ni–Cu Venture Minerals | RIU Explorers Conference | February 2
Slide 28: Golden Grove North Project
Golden Grove North Project • 288 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); 25 strike kilometres of a largely untested, prospective sequence for VMS style 25km of Prospective mineralisation; VMS Style Sequence Endowment • Historic shallow gold drill (Resources and Produ
Slide 29: Golden Grove North Project-Early Exploration Success with Vulcan VMS Discovery
Golden Grove North Project-Early Exploration Success with Vulcan VMS Discovery • New Volcanic Massive Sulfide (VMS) target discovered along strike of the world class Golden Grove Zinc-Copper- Gold Mine; • Two-Kilometre-Long VMS target identified by the following; -Highly anomalous Copper (Cu) in soi
Slide 30: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project PGE -Ni–Cu Venture Minerals | RIU Explorers Conference | February 2
Slide 31: South West Project – Location Map
South West Project – Location Map • Venture holds a 281 km² land holding within the Greenbushes Mineral District host to the world’s largest hard rock lithium mine (produces ~40% of the worlds-lithium); • Several VMS (Volcanogenic Massive Sulfide) targets identified including the Thor Prospect; • Su
Slide 32: Massive Sulfide in Core from Maiden Drilling at the Thor Prospect
Massive Sulfide in Core from Maiden Drilling at the Thor Prospect Venture Minerals | RIU Explorers Conference | February 2020 32
Slide 33: Thor VMS Target with maiden drilling on aeromagnetic image
Thor VMS Target with maiden drilling on aeromagnetic image Venture Minerals | RIU Explorers Conference | February 2020 33
Slide 34: Further drilling on new EM targets intersects massive sulfides with Copper & Zinc mineralisation
Further drilling on new EM targets intersects massive sulfides with Copper & Zinc mineralisation Thor Priority VMS Drill Targets Historic Kingsley VMS Prospect *Reference GSWA Record 2017/9: Metamorphosed VMS Mineralization at Wheatley, Southwest, WA by LY Hassan Venture Minerals | RIU Explorers Con
Slide 35: Conclusions
Conclusions Exciting phase as Venture looks to move from explorer to producer; Mount Lindsay Tin-Tungsten Project provides exposure to near term production of EV Metals and Critical Minerals; Golden Grove North has yielded early success with a new VMS discovery along strike to the world class
Slide 36: Thank You
Thank You If you have any questions, please see us at Booth # 43 www.ventureminerals.com.au Venture Minerals | RIU Explorers Conference | February 2020