Vault Minerals Limited · ASX:VAU

Vault Minerals — Red 5 — Investor Presentation (December 2018)

23 slides from Vault Minerals's investor presentation, Dec 4, 2018

  1. Slide 1: King of the Hills: dawn of a new era

    For personal use only King of the Hills: dawn of a new era Investor Presentation, December 2018 Mark Williams, Managing Director ASX Code: RED

  2. Slide 2: Competent Person's Statement and Disclaimer

    Competent Person’s Statement and Disclaimer Competent Person Statement for Exploration Results For personal use only The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High-Grade Drilling Results Confirm Potential for Resource Extens

  3. Slide 3: Red 5 – Corporate Summary

    Red 5 – Corporate Summary For personal use only Share Price Issued Shares Market Cap  Kevin Dundo Chairman (at 30/11/18) (undiluted) (at 30/11/18)  Mark Williams Managing Director A$0.07 1,242.0M A$86.9M  Ian Macpherson Non-executive Director  Colin Loosemore Non-executive Director Enterprise Va

  4. Slide 4: Red 5 – A year of achievement

    Red 5 – A year of achievement… For personal use only October 2017 • Assumed operational control at Darlot and KOTH December 2017 • Initial Ore Reserve estimate for Darlot of 131Koz January 2018 • Commenced mining operations at King of the Hills (KOTH) • Exceptional drill results upgrade mining poten

  5. Slide 5: Initial 1.9Moz Resource unlocks new opportunities

    Initial 1.9Moz Resource unlocks new opportunities For personal use only  Initial Mineral Resource estimate completed for the newly-identified Eastern Margin Contact at the King of the Hills (KOTH) gold mine, located adjacent to existing mining areas:  Indicated and Inferred Resource of 28.7Mt at 2

  6. Slide 6: King of the Hills – Bulk Tonnage Target

    King of the Hills – Bulk Tonnage Target For personal use only  Significant zone of high-grade tension veins and stockworks Location of the identified along eastern margin of granodiorite contact - recent drilling, close to existing mining area KHRD0095- KHRD0101 in plan  Significant potential for

  7. Slide 7: 1.9Moz Resource at +5000 ounces per vertical metre

    1.9Moz Resource at +5000 ounces per vertical metre For personal use only  The southern end has 6000oz/vertical metre down to 130m below the pit floor  The Northern end has 5000oz/vertical metre starting almost where the southern resource ceases due to lack of drilling  All open at depth and along

  8. Slide 8: 1.9Moz Resource – Next Steps – Phase 1

    1.9Moz Resource – Next Steps – Phase 1 For personal use only  Red 5 plans to investigate this bulk mining opportunity in three Phases with overlapping time frames:  Upgrading of the initial bulk mining Mineral Resource of 1.9Moz; a 30,000m drill program has commenced and is scheduled for completio

  9. Slide 9: 1.9Moz Resource – Next Steps – Phase 2

    1.9Moz Resource – Next Steps – Phase 2 For personal use only  Exploration aimed at increasing the Resource in total tonnage and potentially grade; The granodiorite/ultramafic contact zone has the potential to host gold mineralisation outside the existing mine area:  NW corner of granodiorite conta

  10. Slide 10: 1.9Moz Resource – Next Steps – Phase 3

    1.9Moz Resource – Next Steps – Phase 3 For personal use only  Strategic review of development options, including a standalone processing plant at site, open pit and bulk underground potential, and regional deposits within the project area but not currently in the Resource  KOTH ore has previously

  11. Slide 11: What is different about Red 5's approach

    What is different about Red 5’s approach For personal use only  Previous owners targeted  The contact (“main lode”)  Thrust faults within the granite (“cross-cutting Mineralisation structures’) ~600m into  Red 5 has the same targets, Granodiorite but in addition  is targeting tension fractures

  12. Slide 12: Mineralisation – Open in all directions

    Mineralisation – Open in all directions For personal use only 150m 300m 800m still to be defined by drilling 500m still to be defined by drilling Depth of Granodiorite/UM contact still to be determined ~1000m below surface 12

  13. Slide 13: Regional Targets – South

    Regional Targets – South  Currently assessing near-mine shallow oxide For personal use only King of the Hills Mine resources south of KOTH operation:  Rainbow and Rainbow North Galahad  Severn and Severn West  Puzzles Severn West  Puzzles and Rainbow target associated with small shallow open pi

  14. Slide 14: Regional Targets – North West

    Regional Targets – North West  King of the Hills regional target areas: For personal use only  Eclipse and Cerebus  Centauri Eclipse  Historical drilling is limited to 150 metres; Mineralisation below oxide not tested with Cerebus potential for down-dip extensions  Vein/lode modelling indicates

  15. Slide 15: King of the Hills – A Great Place to Build a Plant

    King of the Hills – A Great Place to Build a Plant For personal use only Stand Alone Processing Plant Study  Red 5 engaged Mintrex Engineering and Consultancy to complete a Scoping Study to evaluate the suitability, cost and next steps required to construct a new stand alone processing plant at KOT

  16. Slide 16: Eastern Goldfields Operations – Transitional year

    Eastern Goldfields Operations – Transitional year For personal use only  FY2018 production of 48,259oz (Oct – Jun) – ore sourced predominantly from Darlot, with a growing contribution from KOTH  Flexible mining strategy to accommodate multiple underground ore bodies, including “right-sizing” minin

  17. Slide 17: Darlot – Ending 2018 with a Strong Finish

    Darlot – Ending 2018 with a Strong Finish For personal use only  Celebrating 30 years of continuous gold production in November 2018, producing 2.8 million ounces of contained gold  Lords Extension Target delivered promising early results:  CAX0049  5.1m at 2.1g/t Au from 429.1m (includes 0.3m a

  18. Slide 18: Darlot – Oval West Mining Now Underway

    Darlot – Oval West Mining Now Underway For personal use only • High-grade Oval West deposit discovered by Red 5 in February 2018 • Bulk stoping underway • Expected to contribute to increased gold production and a reduction in costs in December 2018 Quarter Oval West – 738 Hanging Wall drive developm

  19. Slide 19: Oval – Resource increases 79% in six months

    Oval – Resource increases 79% in six months Oval Probable Ore Reserve by Level as at June 2018 For personal use only Level Tonnes Grade g/t Au Contained Gold oz OV738 58,604 7.08 13,347 OV723 72,276 8.22 19,210 OV707 35,878 8.25 9,518 Upper Oval West 167,208 7.83 42,075 OV690 31,607 5.00 5,084 OV673

  20. Slide 20: Darlot – A Treasure Trove of Exploration Opportunity

    Darlot – A Treasure Trove of Exploration Opportunity For personal use only Lords High  Pipeline of ranked Amplitude exploration and resource targets  Large number of bolt-on opportunities for near-term El Dorado Resource and South Reserve growth  Recent acquisition of Ockerburry Hill Tenement, 20

  21. Slide 21: Siana Gold Project, Philippines

    Siana Gold Project, Philippines  Red 5’s Philippine affiliated company, Greenstone Resources has For personal use only received government approval to construct and operate a new Tailings Storage Facility  Previous delays in receiving this approvals resulted in the decision to suspend Siana mining

  22. Slide 22: Red 5 – New Mines, Not Old Mines

    Red 5 – New Mines, Not Old Mines For personal use only  Commanding 365km2 footprint in the highly-endowed Leonora- Leinster gold district – Darlot, King of the Hills and Ockerburry Hill  Darlot exploration is delivering broad mineralised intercepts at grades equal to or possibly better than the be

  23. Slide 23: Thank-you

    For personal use only Thank-you 23 ASX Code: RED

Red 5 — Investor Presentation (December 2018) on 6ix