Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Investor Presentation (August 2020)
22 slides from Vault Minerals's investor presentation, Aug 17, 2020
Slide 1: Investor Presentation
For personal use only Investor Presentation 17 Aug 2020 ASX Code: RED Mark Williams, Managing Director www.red5ltd.com
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements (available on the ASX web-site at www.asx.com.au); “Red 5 commences signi
Slide 3: Red 5 Limited – a standout growth opportunity
Red 5 Limited – a standout growth opportunity ✓ Red 5 has two gold mines in one of the World’s most For personal use only attractive gold regions ✓ King of the Hills (KOTH) is a Top 20 Australian gold deposit3 (Mineral Resource of 4.1Moz1) ✓ KOTH PFS was 140kozpa (open pit only) with 10- year LOM2.
Slide 4: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile For personal use only Our Company Vision “To be a successful multi-operational exploration and mining company, providing benefits to all stakeholders, through the consistent application of technical excellence, and responsible and sustainable industry practices.” Sh
Slide 5: Strong leadership team with operating expertise
Strong leadership team with operating expertise For personal use only Red 5 has a strong and capable team, with many years of mining and development experience at both Red 5 and in prior multi-billion international development projects – the Company is well placed to deliver the future KOTH developm
Slide 6: 2020: two producing mines, one plant
KOTH UG Mine Darlot UG Mine Darlot Plant For personal use only 2020: two producing mines, one plant 6 6 www.red5ltd.com
Slide 7: Darlot transitional production strategy
Darlot transitional production strategy For personal use only ✓ FY21 production guidance1 of 90,000 – 98,000oz (FY20 actual: 92,783oz) ✓ FY21 AISC guidance1 of A$1,830 – A$2,030/oz (FY20 actual: A$1,798/oz) ✓ KOTH “truck-to-Darlot” underground mining scaled-down in Dec 2020 Quarter, pending the plan
Slide 8: Multiple opportunities to extend Darlot
Multiple opportunities to extend Darlot For personal use only Darlot Gold Mine 1 Cables & Mission 4 ▪ Resource 10.8Mt @ 3.5g/t Au for ▪ Combined JORC 2004 Resource of 1.5Mt @ 3.1g/t Au for 185koz2 1.2Moz ▪ Historical drilling suggests both ▪ Reserve 2.6Mt @ 3.3g/t Au for 275koz deposits remain open
Slide 9: King of the Hills - potential to be Australia's next premier gold mine
KOTH - potential to be Australia’s next premier gold mine For personal use only 9 www.red5ltd.com
Slide 10: Advancing the King of the Hills Project
Advancing the King of the Hills Project For personal use only Mar-20 Mineral Resource1 FINAL FEASIBILITY STUDY DUE SEPT 2020 4.1Moz IS EVALUATING: (31% increase versus Mar-19) ✓ Bulk open pit and underground mine ✓ Additional satellite pits added including Rainbow Aug-19 Pre-Feasibility Study2 and C
Slide 11: Final Feasibility Study indicative schedule
KOTH Final Feasibility Study indicative schedule* For personal use only * Subject to satisfactory completion of each milestone and all Board and Regulatory approvals Mar-20 SepQ-20 Mineral FFS & Reserve Resource Release Feb-20 May-20 Aug-20 Dec-20 Drilling cut- Processing & Mine plan off for FFS Inf
Slide 12: Project financing is underway
KOTH project financing is underway For personal use only ▪ Project Financing process has commenced with leading mining finance lenders ▪ Targeting A$140m - A$160m of Project Finance ▪ Low-risk brownfield project is attractive ▪ High gold price environment ▪ Project economics ▪ Long reserve tail ▪ Fa
Slide 13: Red 5 EV/Reserve relative to its peers
Red 5 EV/Reserve relative to its peers ▪ Valuation of WA based-gold companies1 For personal use only ▪ Bubble Size = Enterprise Value Silver Lake Resources 2,000 Ramelius Resources EV / Reserve (A$/oz) 1,500 Pantoro Gold Road Resources 1,000 Ora Banda Mining Capricorn Metals Regis Resources Dacian G
Slide 14: Thank-you
For personal use only Thank-you 14 www.red5ltd.com ASX Code: RED
Slide 15: Red 5 – appendix
For personal use only 15 Red 5 – appendix
Slide 16: Siana Gold Project, Philippines
Siana Gold Project, Philippines For personal use only ▪ The Siana Gold Mine, owned by Philippine affiliated company Greenstone Resources, suspended mine operations in April 2017 ▪ Maintaining mill and pit dewatering to preserve value ▪ Greenstone Resources is now evaluating its preferred plan and op
Slide 17: 4.1Moz Mineral Resource - increase of 31%
KOTH 4.1Moz Mineral Resource1 - increase of 31% For personal use only Total Open Pit & Underground KOTH Resource as at March 2020 Cut-off Mining Tonnes Gold Contained Gold ▪ Cut-off date for inclusion of Classification drilling data and mining (g/t) Method (000t) (g/t) (000oz) depletion as at 19 Feb
Slide 18: Satellite Deposits – Resource of 308koz
KOTH Satellite Deposits 1 – Resource of 308koz For personal use only ▪ Maiden JORC Mineral Resources announced in May 20201: o Cerebus-Eclipse: Indicated and Inferred Resource of 2.8Mt @ 1.2g/t Au for 112,000oz o Centauri: Indicated and Inferred Resource of 1.7Mt @ 1.5g/t Au for 81,300oz ▪ Adds to t
Slide 19: Future development to explore along contact
KOTH - future development to explore along contact For personal use only ▪ Exploration aimed at increasing the Resource in total tonnage and potentially grade ▪ Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host gold mineralisation outside of
Slide 20: 2019 PFS-level KOTH capital cost
2019 PFS-level KOTH capital cost1 For personal use only A$M 4Mtpa Process plant 92 Infrastructure and tailings storage facilities 34 Construction EPCM and direct and indirect costs 41 Sub-total 166 Owners Costs (project management, operations readiness) 5 Sub-total 171 Contingency 23 Sub-total 194 P
Slide 21: KOTH is in the top gold deposits in Australia
KOTH is in the Top 20 gold deposits in Australia For personal use only Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3174.0 0.4 37.5 Cadia 1480.0 0.5 22.5 Boddington 931.1 0.6 17.4 Boddington 566.3 0.7 11.9 Golden Mile (100%) 272.6 1.4 12.0 Golden Mile (100%) 178.2 1.1 6.3 Tanami 65.5 4.3 9.1 Tanam
Slide 22: Appendix – Australian top gold deposits
Appendix – Australian top 20 gold deposits1 Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz For personal use only Cadia Newcrest Sunrise Dam AngloGold Measured 32.0 0.30 0.3 Proven Measured 28.9 1.54 1.4 Proven 11.2 1.39 0.5 Indicated 3090.0 0.37 36.5 Probable 1480.