Venus Metals Corporation Limited · ASX:VMC
Venus Metals — Venus Resources — Investor Presentation (March 2010)
24 slides from Venus Metals's investor presentation, March 2010
Slide 1: Venus Resources Limited Company Presentation
VENUS RESOURCES LIMITED COMPANY PRESENTATION Matthew Hogan Managing Director MARCH 2010
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Venus Resources Limited (ABN 99 123 250 582 ) (“VNS”) based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclu
Slide 3: Corporate Summary: Board of Directors
CORPORATE SUMMARY BOARD OF DIRECTORS Terry Hogan Matthew Hogan Kerry Taylor Craig Rosendorff Non Executive Managing Director Executive Director Non Executive Director Chairman Exploration +20 yrs corporate experience & +40 years business +40 yrs corporate 35 years of multi-commodity former CEO of Un
Slide 4: Corporate Summary
CORPORATE SUMMARY ASX code: VNS Shares on issue: 30.6 M Options on Issue: 10.4 M (ex 31/07/2011) Current share price: $0.80 (23/03/10) Year Low-High $0.12- $1.00 Market capitalisation: $25 M (issued) Cash on Hand : $4.5 M + ($8M sole spend/ Farm-in)
Slide 5: Appointment of Matthew Hogan as Managing Director
Appointment of Share placement and Yalgoo JV Matthew Hogan signed with Chinese Shandong as Managing subsidiary HD Mining & Investment Director. Pty Ltd. •2 million shares @ $2/share •Yalgoo JV: $8 million to earn 50% •Yalgoo iron ore targets identified by Venus targeting Argyle Alluvial Diamond stud
Slide 6: Location Plan - Western Australia Projects
LOCATION PLAN- WESTERN AUSTRALIA PROJECTS Argyle North Super Project A total tenement area of 7,600 sq kms comprising 29 Exploration Licence applications and 6 granted ELs and 22 Prospecting Licence applications and 2 granted PLs. Telfer North Super Twenty one multi-commodity exploration Project pro
Slide 7: Exploration Strategy
EXPLORATION STRATEGY • Immediate exploration focus is on the Yalgoo Iron Ore Project (including gold, base metals) located within the emerging Murchison Mid West Iron Ore province. • Medium term objective is for the discovery of giant/word-class deposits within Proterozoic orogenic belts (e.g. Telfe
Slide 8: Yalgoo Iron Ore Project
YALGOO IRON ORE PROJECT • Located within the Murchison Mid West Region which is an emerging multi-billion dollar Chinese and Japanese iron ore investment province. • Mid West Region currently has three operating iron ore mines (Jack Hills, Tallering Peak & Koolanooka), and Karara (Gindalbie/Ansteel)
Slide 9: Yalgoo Iron Ore Project Farm-in Terms
YALGOO IRON ORE PROJECT FARM-IN TERMS HDM Farm-in and JV agreement completed in March 2010. HD Mining & Investment Pty Ltd (HD Mining), a subsidiary of Shandong Provincial Bureau of Geology & Mineral Resources (SDGM) representing mining interests for the Shandong Province of around 93 million people
Slide 10: Murchison Mid West Iron Ore Province
MURCHISON MID WEST IRON ORE PROVINCE - A MULTI BILLION DOLLAR INVESTMENT REGION Oakajee $4 billion Stage One 35 Mtpa capacity OAKAJEE GERALDTON VENUS SINO STEEL ANSTEEL MINMETALS Existing rail Proposed rail Sealed highway
Slide 11: Yalgoo Iron Ore Targets
YALGOO IRON ORE TARGETS High priority Joker DSO (hematite/goethite) iron ore target has an iron ore target potential of 5-40 Mt @ 58-62% Fe (refer ASX March 2009 Quarterly). Joker stratabound iron enrichment outcrops poorly (max outcrop width 25m) with rock chip assays up to 64.9% Fe (average 59.3%)
Slide 12: Proterozoic Tectonic Interpretation and Venus Super Projects
PROTEROZOIC TECTONIC INTERPRETATION AND VENUS “SUPER PROJECTS Proterozoic orogen deformation attributed by Venus to northwest directed continental compression, with cratons Argyle North Super Project acting a competent blocks. The Argyle North and Tropicana Telfer North Super Project East “super pro
Slide 13: Argyle North Super Project Structural Interpretation and Targets
ARGYLE NORTH SUPER PROJECT STRUCTURAL INTERPRETATION AND EXPLORATION TARGETS The Halls Creek Orogen contains the giant Argyle diamond deposit (was the world’s largest diamond producer by volume, and at one stage produced around 40% of the world’s production). Argyle AK1 pipe was intruded along the G
Slide 14: Venus Diamond Targets within the Granted Argyle North Project
VENUS DIAMOND TARGETS WITHIN THE GRANTED ARGYLE NORTH PROJECT Within E80/3253, there are three discrete aeromagnetic high diamond targets identified along the interpreted position of the Glenhill Fault which hosts the Argyle deposit to the south. All three diamond targets (Pomona, Juno, Cabbage Tree
Slide 15: Argyle (Lower Smoke Creek) Alluvial Diamond Project
ARGYLE (LOWER SMOKE CREEK) ALLUVIAL DIAMOND PROJECT Alluvial diamonds present in all historical ADM bulk samples taken from mapped “C Terrace” gravels. ADM bulk sample site SC24 returned the highest result of 200 cpht (2 carats/tonne) from 5-6m depth. Venus high priority target LSC-T1 assessed as ha
Slide 16: Telfer North Super Project
TELFER NORTH “SUPER PROJECT” Paterson Orogen interpreted by Venus as a dextral transpressional deformation zone. Telfer North Super Project comprises six Exploration Licences and three projects (Wallal, Citadel, Mt Morris) north of the giant 27 M oz Telfer gold deposit. At the Magnum gold prospect (
Slide 17: Telfer North Exploration Targets
TELFER NORTH EXPLORATION TARGETS YARRIE EAST TARGET: IRON ORE, GOLD, BASE METAL, URANIUM Four high priority exploration targets identified by Venus MT MORRIS IOCG TARGET Yarrie East target is a 20 km long cross-faulted magnetic ridge along the interpreted craton boundary Vines Fault. It is considere
Slide 18: Copper Hills Project
COPPER HILLS PROJECT Copper Hills Exploration Licence area lies within the Paterson Orogen hosting the world-class Kintyre uranium and giant Telfer gold deposits. Venus structural interpretation at Copper Hills is east-west thrust stacking and dextral transpressional doubly- plunging folds. Historic
Slide 19: Copper Hills Targets
COPPER HILLS TARGETS Historical company exploration data shows that the narrow high grade Cu/Au/Pt/Pd/Ag veins have been subject to only reconnaissance drilling and are open along strike and at depth. Several un-drilled, or inadequately drilled structurally favourable exploration targets identified
Slide 20: Tropicana East Super Project
TROPICANA EAST SUPER PROJECT World-class Tropicana gold deposit (>5 M oz) present within the Proterozoic Albany-Fraser Orogen. Venus structural interpretation indicates Albany-Fraser Orogen basement is present beneath Eucla Basin sediments. The orogen is interpreted by Venus as a sinistral transpres
Slide 21: Tropicana East Projects
TROPICANA EAST PROJECTS Moodini project covers 42 km strike length of the Mundrabilla craton boundary fault, and is considered by Venus to have gold, diamond and Pb/Zn potential. This area has been over-pegged by Anglo-Australian Exploration. Gatum Gatum Bore project Madura project covers a complexl
Slide 22: Murchison Calcrete Uranium Super Project
MURCHISON CALCRETE URANIUM SUPER PROJECT Murchison province contains the world-class Yeelirrie calcrete-hosted uranium deposit (52.5 Kt U3O8). Poorly explored Northwest Murchison considered by Venus to have potential for uranium ore deposits within westerly draining paleodrainage channels. Venus has
Slide 23: Murchison Calcrete Uranium Super Project
MURCHISON CALCRETE URANIUM SUPER PROJECT •Project areas cover westerly draining paleochannels with extensive catchments. •Most have associated airborne uranium responses •Yarloo Well covers a known calcrete uranium occurrence. •Exploration Licence applications are likely to be granted this year
Slide 24: What Makes Venus Unique Amongst Junior Explorers
WHAT MAKES VENUS UNIQUE AMONGST JUNIOR EXPLORERS The Yalgoo Iron Ore Project is subject to a $8M sole spend farm-in with HD Mining & Investment Pty Ltd within the emerging Murchison Mid West iron ore province, with soon- to-be drilled DSO (5-40 Mt) and magnetite iron ore targets. Recently completed