Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Shareholder Meeting (November 2017)
21 slides from Vault Minerals's shareholder meeting presentation, Nov 22, 2017
Slide 1: Presentation to Shareholders – Annual General Meeting 22 November 2017
For personal use only Presentation to Shareholders – Mark Williams, Managing Director Annual General Meeting – 22 November 2017
Slide 2: Competent Person's Statement & Disclaimer
Competent Person’s Statement & Disclaimer Competent Person’s Statement for Siana JORC 2012 Mineral Resource and Ore Reserve The information in this presentation that relates to Mineral Resources for the Siana Underground is extracted from the report titled Siana Underground Mineral Resource dated 23
Slide 3: Red 5 Corporate Summary
Red 5 Corporate Summary ASX code RED Directors and Management For personal use only Share price (as at 21 November 2017) A$0.05 Kevin Dundo – Chairman Issued shares 1,240.7M Mark Williams – Managing Director Market capitalisation (at A$0.05) A$62.0M Ian Macpherson – Non-Executive Director Cash and b
Slide 4: 2017: A Year of Change and Transformation
2017: A Year of Change and Transformation 1. Strong performance by Siana Gold Project in For personal use only 1HFY17; gold production of 41,370oz for FY17 2. Outstanding Sustainable Development performance – 2016 PMIEA Platinum Achievement Award for Greenstone Resources Corporation 3. Underground m
Slide 5: 2018: A New Platform for Growth
2018: A New Platform for Growth Acquisition of two advanced gold assets in WA’s Eastern Goldfields For personal use only with 626,000oz Mineral Resource inventory¹: Darlot Gold Mine – acquired from Gold Fields Limited King of the Hills Gold Project – acquired from Saracen Mineral Holdings (ASX
Slide 6: Consolidation Strategy in WA's Eastern Goldfields
Consolidation Strategy in WA’s Eastern Goldfields 100% ownership of operating Darlot Gold Mine, located in the heart of the prolific Leonora-Leinster mineral province: For personal use only CY2016 produced 66koz from 454kt¹ and CY2017 production to 30 September of 39koz from 338kt² High-qualit
Slide 7: Darlot: Assets and Infrastructure
Darlot: Assets and Infrastructure Operating gold mine located ~900km NE of Perth For personal use only Rich goldfield with production of 2.7Moz over a 28-year operating history¹ Historical production averaging 96kozpa since 1989 Fully operational 0.83Mtpa gold processing plant (refurbished i
Slide 8: Stage 1: Darlot + King of the Hills
Stage 1: Darlot + King of the Hills Darlot mill has operating capacity of: For personal use only 830,000tpa – fresh ore¹ Can be upgraded to 1,100,000tpa capacity for a relatively small spend¹ Currently under-utilised ~94% recoveries² Opportunity to reduce cost per tonne at Darlot by: M
Slide 9: Darlot: First Gold Pours under Red Ownership
Darlot: First Gold Pours under Red 5 Ownership First Red 5 gold pour at Darlot completed 20 October 2017, delivering 2,445oz (~$4M value) with two For personal use only subsequent gold pours since completed; over 7,400 ounces sold for December Quarter 2017 to date 9
Slide 10: Darlot: Open Pit Upside
Darlot: Open Pit Upside SRK Consulting engaged to For personal use only conduct high-level pit optimisations on a series of small historical pre-JORC 2012 resources near Darlot Aim to identify and rank targets for drilling to expand potential open pit resource base Near-surface targets already
Slide 11: Darlot: Underground Upside
Darlot: Underground Upside Gold Fields invested in exploration to For personal use only rebuild the production pipeline, improving confidence in the Lords South Lower and CDA Oval orebodies, as well as a number of smaller orebodies Potential to lower mining costs by extracting ore from the upper
Slide 12: Darlot: Exploration Upside
Darlot: Exploration Upside Total land-holding of approximately 13,900ha with tenements in good For personal use only standing Minimal third-party royalties Numerous ore grade intercepts recorded over multiple prospect areas Good potential both to extend existing zones and discover new deposi
Slide 13: Darlot: 3D Seismic
Darlot: 3D Seismic Darlot is a large, structurally controlled mineralised ore system which For personal use only has opportunities for additional resource extensions High-resolution 3D seismic survey carried out over the Darlot mining facilities commenced in November 2016 ~75 cubic kilometres
Slide 14: King of the Hills: First Consolidation Asset
King of the Hills: First Consolidation Asset Historical gold project located ~80km south of Darlot and ~28km For personal use only north of Leonora – previously known as Tarmoola Historical production by Mt Edon Gold Mines (and others) of 1.6Moz from the open pit (28.4Mt @ 1.7g/t – closed in 200
Slide 15: King of the Hills: Immediate Operating Strategy
King of the Hills: Immediate Operating Strategy Underground mining contractor Pit n Portal Group engaged to review For personal use only underground mine plan and continue dewatering Mining to commence as soon as permitting is in place and mining contractor to be appointed imminently Red 5 wil
Slide 16: King of the Hills: Exploration Potential
King of the Hills: Exploration Potential Major shear-hosted gold For personal use only system King of the Hills underground remains open in all directions Recent strong drilling results demonstrate exploration upside for the mine area Multiple lodes extending over 1.95km and open at depth, p
Slide 17: Stage 2: Beyond Darlot and King of the Hills
Stage 2: Beyond Darlot and King of the Hills Aim to increase Reserves via regional exploration For personal use only Assess other ‘bolt-on’ neighbouring opportunities Commanding 25,700ha footprint in the highly-endowed Leonora-Leinster gold district Multiple undeveloped gold deposits within
Slide 18: Other Assets – Philippines Gold Operations
Other Assets – Philippines Gold Operations Mining suspended at Siana Gold Project in April 2017 in response to For personal use only regulatory delays Suspension plan rapidly and effectively implemented to preserve the significant retained value of the large in-ground gold inventory at Siana, wh
Slide 19: Other Assets – Mt Cattlin Royalty
Other Assets – Mt Cattlin Royalty Red 5 owns the right to receive a royalty of For personal use only A$1.50 per tonne of ore processed from the Mt Cattlin mine in WA Mt Cattlin mine re-commenced processing operations in 2016 Galaxy Resources has announced that it will ramp- up production at Mt
Slide 20: Summary and Outlook
Summary and Outlook New growth strategy in the Australian gold sector underway For personal use only The combination of Darlot and King of the Hills provides: A commanding 25,700ha footprint in the highly-endowed Leonora- Leinster gold district Total Mineral Resource inventory totalling 626,
Slide 21: Thank-you
For personal use only Thank-you 21 ASX Code: RED