Vault Minerals Limited · ASX:VAU
Vault Minerals — Q1 2024 Earnings Presentation
18 slides from Vault Minerals's earnings presentation, Oct 18, 2023
Slide 1: September 2023 Quarterly Results
September 2023 Quarterly Results Mark Williams (MD), Patrick Duffy (Corp Dev) Richard Hay (COO), Mat Collings (Corp Dev) 18 October 2023 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person’s Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resource and O
Slide 3: Red 5 Limited – corporate profile
Red 5 Limited – corporate profile 0.5 Our Company Vision 0.4 “To be a successful multi-operational 0.3 exploration and mining company, providing benefits to all stakeholders, through the 0.2 consistent application of technical excellence, and responsible and sustainable industry 0.1 practices.” 0 Oc
Slide 4: Leadership Team with strong mining expertise
Leadership Team with strong mining expertise Red 5 has a strong and capable Board and Executive team with many years of mining and development experience. Following the two retirements at the Nov-23 AGM, the Red 5 Board will have five Directors, which the Board believe represents a good fit for the
Slide 5: Sept 2023 Quarter highlights
Sept 2023 Quarter highlights Quarterly 12-month TRIFR ● One recordable injury for the quarter 20.00 ● Continued safety improvement, with 12-month TRIFR 18.00 16.00 reducing to 7.6 (June Quarter: 9.0) 14.00 12-month TRIFR 12.00 ● 55,009 oz of gold produced for Sept Quarter 10.00 8.00 ● Sept Quarter A
Slide 6: Mining performance for Sept 2023 Quarter
Mining performance for Sept 2023 Quarter ● All three mines are performing well, with operating Quarterly KOTH underground performance cash flows of $44.8m for the Quarter 1.93 2.00 300 1.70 1.58 1.80 ● KOTH open pit HG ore reduced whilst management 250 1.40 1.60 focused on setting up the pit for imp
Slide 7: Growth potential for KOTH mine
Growth potential for KOTH mine1 ● Resource definition and grade control drilling continues to deliver high-grade assays ● 26.0m at 168.15g/t ● 16.5m at 16.50g/t ● 16.4m at 10.62g/t ● 29.5m at 5.11g/t ● 75.4m at 1.83g/t ● Grade control drilling now complete for over 85% of the FY24 mine plan ● Potent
Slide 8: Financial position at 30 Sept 2023
Financial position at 30 Sept 2023 ● Net debt position improved by $13.7m during Cash and Bullion Reconciliation A$m the Quarter to $68.2m at 30 Sept 2023 Cash and bullion – 30 June 2023 45.9 ● Cash and bullion of $44.6m Sales receipts net of hedging 147.1 ● Bank Debt outstanding of $112.8m, after $
Slide 9: Standout value opportunity with steady-state operations
Standout value opportunity with steady-state operations ● Red 5 EV/Reserve relative to its 2,000 peers Ramelius ● Valuation of WA based-gold companies1 1,600 Bubble size = Enterprise Value Bellevue EV / Reserve (A$/oz) ● ● The new KOTH Gold Mine 1,200 positions Red 5 as an emerging mid-tier Australi
Slide 10: THANK YOU
THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: Appendicies
Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 12: Red 5 asset overview
Red 5 asset overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine KOTH Summary Mineral Resource5 4.5Moz 2H FY2023 Production6 103koz Ore Reserve5 2.5Moz Indicative Production2 >200koz p.a. Processing Plant 5
Slide 13: KOTH geology is well understood - open in all directions
KOTH geology is well understood - open in all directions Jun-23 Mineral Resource1 Jun-23 Ore Reserve1 96.5Mt @ 1.4 g/t for 69.5Mt @ 1.1 g/t for 4.5Moz Au 2.5Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical understanding from previous OP
Slide 14: KOTH Mineral Resource of 4.5Moz
KOTH Mineral Resource of 4.5Moz1 Total Open Pit & Underground KOTH Resource as at June 2023 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 4,092 1.1 145 Indicated 0.4-1.0 OP+UG 67,559 1.5 3,286 Inferred 0.4-1.0 OP+UG 13,630 1.5 657 T
Slide 15: KOTH Ore Reserve of 2.5Moz
KOTH Ore Reserve of 2.5Moz1 Total KOTH Ore Reserves as at June 2023 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz)2 KOTH Open pit 0.4 Proved 4.6 0.8 0.1 KOTH Open pit 0.4 Probable 54.2 1.2 2.0 KOTH Underground 1.4 Probable 2.5 1.8 0.1 Rainbow
Slide 16: Top 20 Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3374 0.4 46.6 Cadia 1280 0.4 17.4 Golden Mile – KCGM 565 1.6 28.3 KCGM (100%) 286 1.3 12.2 Boddington 788 0.6 15.2 Boddington 525 0.6 10.6 Mallina Gold Project 278 1.3 11.7 Mallina Gold Project 121 1.5 6.0 Tanami 86 3.6
Slide 17: Australian Top 20 Gold Deposits
Australian Top 20 Gold Deposits1 Resources Reserves Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest St Ives Goldfields Sunrise Dam AngloGold Ashanti Measured 32.0 0.30 0.3 Proven Measured 0.9 3.30 0.1 Proven 5.9 2.60 0.5 Measured
Slide 18: THANK YOU
THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 18