Vast Resources plc · LSE:VAST
Vast Resources — Investor Presentation (April 2017)
17 slides from Vast Resources's investor presentation, April 2017
Slide 1: Improving Efficiency + Operational Performance
IMPROVING EFFICIENCY + OPERATIONAL PERFORMANCE C O R P O R AT E P R E S E N TAT I O N / A P R I L 2 0 1 7
Slide 2: Disclaimer
DISCLAIMER These materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in Vast Resources plc. (the “Company”) nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connec
Slide 3: A Vast Opportunity
A VAST OPPORTUNITY ▪ Two producing mines US$14.1m* PROSPECTIVE GENERATIVE PORTFOLIO REVENUE ▪ Third mine due to come on-stream in the near term ▪ Opportunity to monetise high grade tailings *for the six months ended 30 September 2016 (2015: £1m) ▪ Two highly prospective jurisdictions US$8m FUNDED FU
Slide 4: Company Snapshot
COMPANY SNAPSHOT Market AIM Hargreaves - 10.87% SHAREHOLDERS Ticker VAST Sapi River - 7.53% Halifax - 6.83% Share price 0.445p* Barclays - 6.17% Market cap £21.45* TD direct - 5.00% St Anne’s - 4.72% Total Voting Capital 4,663,410,575 Directors - 0.67% Others - 58.21% Fully diluted share capital 5,2
Slide 5: Strategy
STRATEGY • Focussed on achieving positive cash flow at Manaila in the near-term through: • Ramping up zinc production and improving grade to >45% Zn • Gravity recovery circuit to increase gold and silver recovery – test production commenced in April 2017 • Baita Plai progress towards obtaining sub-l
Slide 6: Romania
ROMANIA ▪ Established mining culture and pro- MANAILA METALLURGICAL COMPLEX mining government MANAILA POLYMETALLIC MINE ▪ Emerging market opportunities – FANEATA TAILINGS DAM potential for significant new BAITA PLAI POLYMETALLIC MINE discoveries ▪ Excellent infrastructure to support development ▪ St
Slide 7: Manaila Polymetallic Mine
MANAILA POLYMETALLIC MINE Mar'17 Mar'16 Dec'16 ▪ 100% interest in Manaila Polymetallic Mine Manaila Units Quarter Quarter Quarter Ore mined Tonnes 21,901 20,362 25,269 ▪ Total open pit Mineral Resource (Ind & Inf) of 2.6Mt at a grade of 1.0% Cu, 0.4% Pb and Waste mined Cubic Metre 45,143 130,925 38,
Slide 8: An Enlarged Manaila Complex
AN ENLARGED MANAILA COMPLEX Strategic opportunity to build an enlarged polymetallic mining complex at Manaila – encompassing what has the potential to be the largest copper deposit in Europe ▪ Manaila licence extension granted increasing total prospecting licence area by over 20 times ▪ New prospect
Slide 9: Manaila Mine Extension
MANAILA MINE EXTENSION Manaila licence extension granted increasing total prospecting licence area by over 20 times: Significant potential to materially increase resource tonnages and extend Manaila mine life CORPORATE PRESENTATION / APRIL 2017 8
Slide 10: Baita Plai Polymetallic Mine
BAITA PLAI POLYMETALLIC MINE ▪ 80% interest in the Baita Plai Polymetallic Mine ▪ 1,800,000 tonne copper-silver-zinc- lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Romanian Reserves and Resources Reporting System) within the mining licence area ▪ Unmeasured resources in other pipe
Slide 11: Faneata Tailings Facility
FANEATA TAILINGS FACILITY The Company's 80% owned Faneata Tailings Storage Facility consists of more than 40 years' material from the proximal Baita Plai Polymetallic Mine PROPOSED DEVELOPMENT: ▪ Total Mineral Resource (Measured, Indicated & Inferred) of 3.0Mt at a grade of: ▪ 0.05 g/t gold ▪ 8.65 g
Slide 12: Zimbabwe
ZIMBABWE ▪ Exceptional mineralised terrane GIANT GOLD MINE ▪ High value brownfield assets PICKSTONE-PEERLESS GOLD MINE ▪ Established mining infrastructure ▪ Skilled workforce CORPORATE PRESENTATION / APRIL 2017 11
Slide 13: Zimbabwe
ZIMBABWE • Exceptional mineralised terrane • High value brownfield assets • Established mining infrastructure • Skilled workforce PICKSTONE-PEERLESS GOLD MINE • Mineral Reserve: 1.0Moz (@ 1.9g/t Au) • Mineral Resource: 3.2Moz (@ 1.6g/t Au), inclusive of reserve • 7 year oxide mine life • 20 year sul
Slide 14: Pickstone-Peerless Gold Mine
PICKSTONE-PEERLESS GOLD MINE ▪ Mineral Reserve: 1.0Moz (@ 1.9g/t Au) Mar'17 Mar'16 Dec'16 Pickstone-Peerless Units ▪ Mineral Resource: 3.2Moz (@ 1.6g/t Au), Quarter Quarter Quarter inclusive of reserve ▪ 7 year oxide mine life Ore mined Tonnes 51,660 63,825 70,930 Waste and low-grade ore SULPHIDE DE
Slide 15: Giant Gold Project
GIANT GOLD PROJECT Potential to bolster gold production at Pickstone-Peerless through development of the proximal Giant Gold Project ▪ Previously producing mine located 30km from Pickstone-Peerless ▪ Current inferred resource of 0.5Moz ▪ Further exploration drilling will be evaluated in addition to
Slide 16: Summary
SUMMARY ▪ Lack of investment in Romania and Zimbabwe over recent years has left a large number of high quality brownfield assets undercapitalised ▪ Vast has a significant opportunity to amass a portfolio of producing/pre-production assets ripe for turnaround including the potential to develop one of
Slide 17: Roy Pitchford| CEO St Brides Partners |PR & IR
Roy Pitchford| CEO T: +44 (0) 20 7236 1177 St Brides Partners |PR & IR Susie Geliher + Charlotte Page T: +44 (0) 20 7236 1177 susie@stbridespartners.co.uk charlotte@stbridespartners.co.uk