Vault Minerals Limited · ASX:VAU
Vault Minerals — Denver Gold Forum 2024
26 slides from Vault Minerals's conference presentation, Sep 16, 2024
Slide 1: Denver Gold Forum 2024
For personal use only Denver Gold Forum 2024
Slide 2: Important Notice and Disclaimer
VAULT MINERALS | 2 Important Notice and Disclaimer Investor Presentation For personal use only Red 5 has prepared this investor presentation based on information available to it at the time of preparing the presentation. No representation or warranty, express or implied, is made as to the fairness,
Slide 3: Introducing Vault Minerals
VAULT MINERALS | 3 INTRODUCING VAULT MINERALS For personal use only A secure store of Through history to the Embedded is the value that is built to current day, it is often chemical symbol last used to store something for gold – Au of very high value – gold Vault Minerals is a profitable, financiall
Slide 4: A Leading Intermediate Gold Producer Primed to Create Meaningful Growth
VAULT MINERALS | 4 A Leading Intermediate Gold Producer Primed to Create Meaningful Growth For personal use only Extensive, established infrastructure across the Diversified, intermediate gold business, TODAY, portfolio removes the cost, complexity and underpinned by a strategic long-life asset in t
Slide 5: Well Balanced, Diverse Portfolio in Established Mining Jurisdictions
VAULT MINERALS | 5 Well Balanced, Diverse Portfolio in Established Mining Jurisdictions1 Sugar Zone (Ontario) FY25 Gold Sales For personal use only Reserves (P&P) ▪ 2.9Mt at 5.5 g/t for 506 koz Au Guidance 22% Resource (M&I+I) ▪ 6.2Mt at 7.6 g/t for 1,528 koz Au 390 – 430 54% koz 1 King of the Hills
Slide 6: Corporate Overview
VAULT MINERALS | 6 Corporate Overview Red 5 Limited (ASX:RED) >>> Vault Minerals Limited (ASX: VAU) Board of Directors Share price (13 September 2024) A$0.33 For personal use only Russell Clark Luke Tonkin Andrea Sutton Rebecca Prain 12-month trading range Non-Executive Chair Managing Director & Non
Slide 7: Track Record of Growth through Discovery, Mine Building and M&A
VAULT MINERALS | 7 Track Record of Growth through Discovery, Mine Building and M&A Driven by discovery, mine building and M&A For personal use only Mount Monger Deflector Sugar Zone King of the Hills Darlot Gold Price [RHS] Silver Lake acquires 11.9% shareholding in 4,000 Red 5 (September 2023) Comm
Slide 8: Valuations decoupled from fundamentals - back the neglected, not the selected
VAULT MINERALS | 8 Valuations decoupled from fundamentals - back the neglected, not the selected Market and production scale with a platform to deliver returns For personal use only Market Capitalisation (A$M) FY25G Production (koz Au)(1) Average daily trading liquidity(2) 1,725 A$17M A$9M 1,066 17,
Slide 9: Financial Flexibility to Maximise Value of a Long-Life Natural Resources Business
VAULT MINERALS | 9 Financial Flexibility to Maximise Value of a Long-Life Natural Resources Business Sector leading net cash balance (A$M)(1) ▪ Capital structure simplified post 30 June 2024 with repayment of debt For personal use only & sale of treasury shares 898 867 Peer leading balance sheet ▪ A
Slide 10: Demonstrated Integration Momentum During The First 90 Days
VAULT MINERALS | 10 Demonstrated Integration Momentum During The First 90 days A clear and focused strategy post implementation First 90 days For personal use only Strong finish to FY24 with all operations Repayment and extinguishment of project Restructure of hedging facility to limit covenants mee
Slide 11: FY2025 Guidance and Outlook
VAULT MINERALS | 11 FY2025 Guidance and Outlook FY25 Guidance: Key Elements For personal use only CONSOLIDATED GROUP 1 King of the Hills 2 Deflector 3 Mount Monger Gold sales (‘000 ounces) 390 – 430 210 – 230 95 – 105 85 – 95 All-in sustaining cost (AISC) (A$ per ounce) A$2,250 – A$2,450 A$2,100 – A
Slide 12: King of the Hills – Strategic, Long-life Asset
VAULT MINERALS | 12 1 King of the Hills – Strategic, Long-life Asset For personal use only King of the Hill’s processing facility is the largest, lowest cost and most scalable processing hub in the prolific Leonora district Current operating configuration is in its infancy, first production June 202
Slide 13: KOTH Open Pit – Optimise Operating Plan
VAULT MINERALS | 13 KOTH Open Pit – Optimise Operating Plan → Improve Productivities and Costs King of the South (red) and North (purple) long section & plan view For personal use only Focus on early stages, contains 1.2 million ounces through to 2034 ▪ ~10 year mine life and core area of Silver Lak
Slide 14: KOTH Mill – Largest, lowest cost & scalable mill in a prolific gold district
VAULT MINERALS | 14 KOTH Mill – Largest, lowest cost & scalable mill in a prolific gold district KOTH throughput rates demonstrate potential through consistency & optimisation Demonstrated a rapid ramp up with the operation being mill For personal use only constrained post mid 2023 Avg. Daily Throug
Slide 15: KOTH Exploration – Step Change In Underground Growth Drilling
VAULT MINERALS | 15 KOTH Exploration – Step Change In Underground Growth Drilling KOTH LOM extension immediately beyond known mineralisation Step change in metres For personal use only West Zone presents a high priority target ▪ Recent drilling focused on grade control with limited exploration beyon
Slide 16: Deflector – Consistent Operational Delivery and Free Cash Flow Generation
VAULT MINERALS | 16 2 Deflector – Consistent Operational Delivery and Free Cash Flow Generation High quality Mineral Resource and production growth since acquisition Investment has delivered volume growth and returns For personal use only Measured Indicated Inferred Cumulative mine depletion ▪ Post
Slide 17: Mount Monger – Walking the Talk on Margins Over Ounces
VAULT MINERALS | 17 3 Mount Monger – Walking the Talk on Margins Over Ounces Sustained period of baseload open pit to supplement undergrounds Sustained baseload allows prioritising cashflow and value over For personal use only ounces Underground Tonnes Mined (kt) Open Pit Tonnes Mined (kt) Milled To
Slide 18: Sugar Zone – Drilling and infrastructure has reset the foundations
VAULT MINERALS | 18 Sugar Zone – Drilling and infrastructure has reset the foundations Sugar Zone long section showing Sugar South and Middle Zone results1 93,000 metre drill program completed in FY24 delivers step change in ore body knowledge For personal use only ▪ Results confirm the distribution
Slide 19: A Clear Plan to Execute Over the Coming Months
VAULT MINERALS | 19 A Clear Plan to Execute Over the Coming 12 Months For personal use only Plant optimisation study at King of the Hills to Harvest free cash flow at Deflector in yield phase reflect scale and strategic position of the operation Introduction of new mine front to reduce glide Increas
Slide 20: Ore Reserve & Mineral Resource Statements
For personal use only Ore Reserve & Mineral Resource Statements Appendix A
Slide 21: Ore Reserves as at June 2023
VAULT MINERALS | 21 Ore Reserves as at 30 June 2023 Gold Proved Ore Reserves Probable Ore Reserves Total Ore Reserves Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) ('000s) (g/t Au) (Au '000s) King of the Hill
Slide 22: Mineral Resources as at June 2023
VAULT MINERALS | 22 Mineral Resources as at 30 June 2023 Gold Measured Mineral Resources Indicated Mineral Resources Inferred Mineral Resources Total Mineral Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only ('000s) (g/t Au) (Au '000s) ('
Slide 23: Peer Comparison & Relative Benchmarking Information
For personal use only Peer Comparison & Relative Benchmarking Information Appendix B
Slide 24: LTM Mill Throughput and Processing Cost
VAULT MINERALS | 24 LTM Mill Throughput and Processing Cost Project Company LTM Throughput (kt) LTM Processing Cost (A$M) Implied Unit Cost (A$/t Processed) Source File (Announcement Date) (1) Bryah Westgold Resources Limited 773 $33 $43.18 Quarterly Report (25 October 2023, 31 January 2024, 24 Apri
Slide 25: Net Cash / (Debt)
VAULT MINERALS | 25 Net Cash / (Debt) Company Cash Bullion Adjustments Total Cash & Bullion Debt Net Cash / (Debt) Source File (Announcement Date) Bellevue Gold Limited(1) 55 20 151 226 219 7 Quarterly Activities Report (15 July 2024), Completion of share purchase plan (28 August 2024) For personal
Slide 26: Production
VAULT MINERALS | 26 Production Company Production Period of Production Source File (Announcement Date) Bellevue Gold Limited 173 koz Au FY2025 gold production guidance 5 Year Growth Plan and Equity Raising Technical Document (25 July 2024) For personal use only Capricorn Metals Ltd 115 koz Au FY2025