Vrx Silica Ltd. · ASX:VRX
Vrx Silica — Ventnor Resources — Diggers & Dealers 2012
37 slides from Vrx Silica's conference presentation, Aug 6, 2012
Slide 1: Diggers & Dealers
For personal use only ASX: VRX Diggers & Dealers August 2012 Bruce Maluish, Managing Director www.ventnorresources.com.au 1
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person For personal use only This presentation was prepared with due care and attention and is current at the date of the presentation. The summary is not an offer or recommendation to purchase or subscribe for securities in Ventnor Resources Limited or to retain any securitie
Slide 3: Ventnor Resources Projects
Ventnor Resources Projects For personal use only 3
Slide 4: Thaduna / Green Dragon Copper Project
For personal use only Thaduna / Green Dragon Copper Project Western Australia 4
Slide 5: Thaduna/Green Dragon Location
Thaduna/Green Dragon Location For personal use only 5
Slide 6: Ventnor Gascoyne Tenements
Ventnor Gascoyne Tenements For personal use only 6
Slide 7: Thaduna/Green Dragon
Thaduna/Green Dragon For personal use only • 175 Kms northeast of Meekatharra • 4PLs covering 604 Ha • 40 kms east of Sandfire Resources De Grussa • Significant drilling results from 35,000 metres drilling • JORC Resource Q3 2012 7
Slide 8: Thaduna
Thaduna • Historic mining and production completed 1971 For personal use only • Prior production 30,290 t @ 8.7% Cu • Historic drilling 9 m @ 5.22% Cu from 80 m • First phase April 2011 included: – 16 m @ 3.47% Cu from 80 m; – 4 m @ 4.37% Cu from 87 m and – 7 m @ 5.70% Cu from 75 m. 8
Slide 9: Thaduna
For personal use only Thaduna 9
Slide 10: For personal use only
For personal use only 10
Slide 11: Thaduna
For personal use only Thaduna 11
Slide 12: Typical Hydrothermal Copper Geology
Typical Hydrothermal Copper Geology For personal use only 12
Slide 13: Thaduna
Thaduna • Second phase July 2011: For personal use only – 5 m @ 4.21% Cu from 30 m; – 3 m @ 4.47% Cu from 121 m; – 5 m @ 5.10% Cu from 100 m; – 4 m @ 3.85% Cu from 122 m and – 11 m @ 5.57% Cu from 100 m. 13
Slide 14: Thaduna
For personal use only Thaduna 14
Slide 15: Thaduna
Thaduna Announcement: 24 January 2012 from 3rd phase drilling For personal use only • 37 m @ 2.61% Cu from 111 metres (THRC113) – including 10 m @ 7.53% Cu from 134 m downhole; • 62 m @ 2.19% Cu from 125 metres (THRC114) – including 32 m @ 3.10% Cu from 127 m downhole and – ended in mineralisation,
Slide 16: Thaduna Copper Geology
Thaduna Copper Geology For personal use only 16
Slide 17: Thaduna
Thaduna • Announcement 12 March 2012 For personal use only • THRC119 has been drilled with a diamond tail and encountered significant sulphide mineralisation – 14.0 m from 250.6 m to 264.6 m down hole • Targeting down plunge extension to the main lode • Increasing in grade and thickness with depth 1
Slide 18: Thaduna THRC – 264.2 metres
Thaduna THRC 119 – 264.2 metres For personal use only 18
Slide 19: Thaduna THRC – 260.1 metres
Thaduna THRC 119 – 260.1 metres For personal use only 19
Slide 20: Thaduna
Thaduna • Announcement 1 August 2012 For personal use only • 5 m @ 7.00% Cu (includes 2.7 m @ 11.72% Cu and 29.7 g/t Ag) • 9.5 m @ 4.40% Cu • 10 m @ 3.26% Cu • 4.6 m @ 5.83% Cu • 2.5 m @ 7.36% Cu • 13 m @ 3.57% Cu • 5 m @ 4.94% Cu • 6 m @ 4.78% Cu • 10 m @ 3.28% Cu • 3 m @ 4.47% Cu 20
Slide 21: Thaduna
For personal use only Thaduna 21
Slide 22: Thaduna
For personal use only Thaduna 22
Slide 23: Thaduna Long Section
Thaduna Long Section For personal use only 23
Slide 24: Thaduna Long Section Inset
Thaduna Long Section Inset For personal use only 24
Slide 25: For personal use only
For personal use only 25
Slide 26: Chalcopyrite Mineralogy
Chalcopyrite Mineralogy Mineral Name Area Mass % For personal use only Background 1743 0.00 C halcopyrite 348202 16.38 Bornite 1445 0.08 C ovellite 1080 0.06 Quartz 2154476 63.55 C hlorite 301468 9.27 Albite 305970 9.03 Micas 40189 1.29 Rutile/Anatase 5246 0.22 Other minerals 3432 0.12 Mineral Name
Slide 27: Thaduna Proposed Mining Infrastructure
Thaduna Proposed Mining Infrastructure For personal use only 27
Slide 28: Thaduna
For personal use only Thaduna 28
Slide 29: Green Dragon
For personal use only Green Dragon 29
Slide 30: Green Dragon
Green Dragon For personal use only • Prior production 9,100 t @ 5.2% Cu • Historic drilling 10 m @ 5.4% Cu from 97 m • First phase drilling April 2011: – 3 m @ 5.16% Cu from 64 m, – 5 m @ 7.19% Cu from 44 m, – 2 m @ 3.15% Cu from 79 m, – 5 m @ 2.25% Cu from 85 m 30
Slide 31: Green Dragon
Green Dragon • Second phase July 2011: For personal use only – 2 m @ 9.00% Cu from 85 m; – 4m @ 2.98% Cu from 44 m; – 4m @ 7.86% Cu from 60 m; – 5m @ 6.07% Cu from 80 m; – 12m @ 5.07% Cu from 64 m and – 5m @ 5.93% Cu from 88 m. 31
Slide 32: Green Dragon
Green Dragon For personal use only Third phase November 2011: – 5m @ 6.07% Cu from 80 m; – 12m @ 5.07% Cu from 64 m; – 5m @ 5.93% Cu from 88 m; – 6m @ 10.96% Cu from 37 m and – 9m @ 4.00% Cu from surface. – Phase 4 Drilling completed 32
Slide 33: Green Dragon
For personal use only Green Dragon 33
Slide 34: Green Dragon
For personal use only Green Dragon
Slide 35: Thaduna/Green Dragon Project
Thaduna/Green Dragon Project For personal use only Fourth Phase drilling nears completion JORC Resource Q3 2012 Preliminary scoping study to follow Many mining permit studies completed Development options to be considered 35
Slide 36: Thaduna Proposed Mining Infrastructure
Thaduna Proposed Mining Infrastructure For personal use only New Plant Nearby 36
Slide 37: Capital Structure
Capital Structure For personal use only Issued Shares Options Total 62.05 M 25.4 M Cash on hand $2.9 M @ June 30 Market Cap @ 50c $37 M 37