Critica Limited · ASX:CRI
Critica — Investor Presentation (March 2021)
37 slides from Critica's investor presentation, Mar 18, 2021
Slide 1: ASX Announcement
ASX Announcement Thursday, 18 March 2021 Australian Energy & Minerals Investor Conference Investor Webinar Presentation – 18th March 2021 Venture Minerals Limited (ASX: VMS) (“the Company”) is pleased to announce its participation in the Australian Energy & Minerals Investor Conference on the 18th o
Slide 2: Energy & Minerals Investor Conference
ENERGY & MINERALS INVESTOR CONFERENCE BRISBANE, QUEENSLAND 17th to 18th MARCH 2021 ASX : VMS
Slide 3: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation may contain certain forward-looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 4: Highlights
Highlights Riley now fully funded to complete wet screening plant construction and to deliver first iron ore shipment scheduled for Q2 2021; Drilling confirms VMS system with up to 7% Zinc returned from first assays at Orcus prospect, Golden Grove North, follow-up drilling has commenced; Trenc
Slide 5: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$68m (@ A$0.054) Shares on Issue 1,258m Enterprise Value A$64m Unlisted Options: 72.3m Cash at 31 December 2020 A$4m 10.9m @ A$0.001, 24.9m @ A$0.052, 26m @ A$0.06, 5m @ A$0.077, 1m @ A$0.45, 2m @ A$0.50, 2.5m @ A$0.55 Top 20 Shareholders 29.9%
Slide 6: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Hamish Halliday Andrew Radonjic Dr Stuart Owen Non‐Executive Chairman Non‐Executive Director Managing Director Exploration M
Slide 7: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu ENERGY & MINERALS INVESTOR CONFERENCE | 17-18
Slide 8: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 7
Slide 9: Riley Iron Ore Mine – Ore Deposit
Riley Iron Ore Mine – Ore Deposit ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 8
Slide 10: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently • Funding for the Wet Screening Plant and first shipment working capital complete; • Wet Screening Plant construction is well advanced with on site construction to commence imminently; • Fergus Campbell appointed Lead Technical Consultant for the Riley Mine. Mining En
Slide 11: Upcoming Milestones and Conclusions for Riley
Upcoming Milestones and Conclusions for Riley Upcoming milestones include: • Commissioning of wet screening plant; • First ore haulage; • First ore shipment. Conclusions: • Venture targeting first shipment Q2 2021; • Exciting phase for the Company as it looks to move from explorer to producer. ENERG
Slide 12: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu ENERGY & MINERALS INVESTOR CONFERENCE | 17-18
Slide 13: Golden Grove North Project
Golden Grove North Project 288 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); 25 strike kilometres of a largely untested, prospective sequence for VMS style mineralisation; 25km of Prospective Historic shallow gold drill VMS Style Sequence intersections including 8 Endo
Slide 14: Initial Exploration Identified Four VMS Prospects
Initial Exploration Identified Four VMS Prospects Vulcan Prospect: Rock chips - 23% Cu, 3.3g/t Au Gossan mapped at surface Vulcan West Prospect: VMS style mineralisation in historic drilling Vulcan North Prospect: Large VMS soil anomaly Ex sulfides mapped at surface Neptune Prospect: Anomalo
Slide 15: Moving Loop EM Survey Delivers new stronger conductors
Moving Loop EM Survey Delivers new stronger conductors Completed a critical acquisition of Orcus Prospect containing historic drill intersections of: 22m @ 0.76g/t Au, 0.64% Cu & 1.3% Zn; Initial ground based Electromagnetic (EM) survey delivers “walk up” drill targets at all four prospects: Vul
Slide 16: Orcus – Venture's maiden drilling confirms VMS system with up to 7% Zinc
Orcus – Venture’s maiden drilling confirms VMS system with up to 7% Zinc returned from first assays ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 15
Slide 17: Moving Loop EM Survey identifies several new stronger conductors for drill testing
Moving Loop EM Survey identifies several new stronger conductors for drill testing Venture has confirmed that a large (>800m long, 600m down dip) EM Diamond drilling to conductor at Orcus hosts significant target new high VMS mineralisation; intensity EM plates Moving Loop Electromagnetic (MLEM)
Slide 18: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu ENERGY & MINERALS INVESTOR CONFERENCE | 17-18
Slide 19: Kulin – Gold Discovery delivers Drill Ready Targets
Kulin – Gold Discovery delivers Drill Ready Targets Kulin is also located in an emerging Western Australian Gold Province. Kulin is within the South West Terrane of the Yilgarn Archean Craton which already contains several major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd
Slide 20: Trench Results at Kulin Confirm Significant Gold System
Trench Results at Kulin Confirm Significant Gold System A recently completed trenching program over some of the high order gold in soil anomalies at Kulin, has delivered substantial mineralised intervals of up to 31 metres at 1.0g/t gold (Au) from KUT02 and 20 metres @ 0.6g/t Au from KUT04; The
Slide 21: Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries
Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries Kulin Project is located ~230 km south- southeast of Perth in WA. Venture is focusing on the interpreted layered mafic-ultramafic intrusion near the town of Kulin, with Chalice’s Julimar Ni-Cu-PGE discovery sitting along tren
Slide 22: Chalice to earn-in on Julimar look-a-like in the South West Project
Chalice to earn-in on Julimar look-a-like in the South West Project Chalice Gold Mines (ASX:CHN) who recently discovered the new exciting Julimar Ni-Cu-PGE discovery in a new province near Perth, Western Australia has committed to spend up to $3.7M to earn 70% in Venture’s South West Project; Ch
Slide 23: Chalice's Julimar and Venture's South West Projects aeromagnetic signatures of a similar scale
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale * Refer Chalice Gold Mines ASX announcement 21st July 2020 ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 22
Slide 24: Julimar and South West Projects also have EM anomalies of a similar scale
Chalice’s Julimar and Venture’s South West Projects also have EM anomalies of a similar scale * Refer Chalice Gold Mines ASX announcement 22nd September 2020 ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 23
Slide 25: South-West Project poised to deliver early Ni-Cu-PGE exploration success
South-West Project poised to deliver early Ni-Cu-PGE exploration success to the Chalice JV Thor has a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions with potential to host Julimar type mineralisation; Recent EM survey having identified 13
Slide 26: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu ENERGY & MINERALS INVESTOR CONFERENCE | 17-18
Slide 27: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY TIN-TUNGSTEN PROJECT ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 26
Slide 28: Tin for the future
Tin for the future Tin is an important part of the Fourth Industrial Revolution through solder which is the glue that connects everything that is electronic; Tin is technically diverse and hence is also an important part of the Green Industrial Revolution as this is led by technology as the worl
Slide 29: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin SOLDER MARKET TECHNOLOGY DRIVERS: Electronics miniaturization impact fading, Lead-free conversion has resumed. 5G TO LEAD THE NEW ELECTRONICS ERA: 5G to be the platform for connected future, Two phases of infrastructure build, Real market boo
Slide 30: Tungsten Ore in Mount Lindsay Drill Core
Tungsten Ore in Mount Lindsay Drill Core * Tungsten in Core Results for ML070 which returned a drill intersection of 12 metres @ 1.69%WO3 from 105 metres. Refer to ASX announcement 14 February 2008. ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 29
Slide 31: Tungsten: A Critical Mineral
Tungsten: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability to be substitut
Slide 32: EV Metal and Critical Minerals Demand, time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand, time to re- assess Mount Lindsay EV and Critical Minerals demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay; Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the world, c
Slide 33: Mount Lindsay Highlights
Mount Lindsay Highlights Approximately 83,000m of diamond core drilling has been completed on the project by Venture most of which has been used to define JORC compliant resources with +60% in the Measured & Indicated categories; Feasibility Study completed with comprehensive metallurgical test-
Slide 34: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin. Combined Resources of Measured/Indicated/Inferred: 291,600t of Tin* *Source: MLX ASX Announcement 23 June 2020 ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 33
Slide 35: Major EM Survey at Mount Lindsay identifies new targets
Major EM Survey at Mount Lindsay identifies new targets ENERGY & MINERALS INVESTOR CONFERENCE | 17-18 March 2021 Page 34
Slide 36: Conclusions
Conclusions Exciting phase for the Venture as it looks to move from explorer to producer with first shipment from Riley; Maiden drilling at Orcus delivers high grade Zinc and Copper, Gold and Silver enhancing the potential to host a significant body of VMS mineralisation at Golden Grove North, f
Slide 37: Energy & Minerals Investor Conference
ENERGY & MINERALS INVESTOR CONFERENCE BRISBANE, QUEENSLAND 17th to 18th MARCH 2021 ASX : VMS