Vast Resources plc · LSE:VAST
Vast Resources — UK Investor Show March 2019
22 slides from Vast Resources's conference presentation, Mar 27, 2019
Slide 1: Vast Resources plc UK Investor Show March 2019
VAST RESOURCES PLC UK INVESTOR SHOW MARCH 2019
Slide 2: Disclaimer
1 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 conn
Slide 3: Overview: Expanding Production Base by End of 2019
2 OV E RV IE W EXPANDING PRODUCTION BASE BY THE END OF 2019 Vast’s priority is the advancement of its two primary value drivers into production in 2019: ▪ Baita Plai Polymetallic Mine (Romania) ▪ Vast owns 80% of the asset ▪ Heritage Diamond Concession (Marange Diamond Fields) (Zimbabwe) ▪ Substanti
Slide 4: Company Snapshot and Shareholders
3 CO M PA N Y S N A P S H OT SHAREHOLDERS Market AIM 11.9 Hargreaves Lansdown PLC Ticker VAST 8.5 Interactive Investor Trading Lloyds Banking Group Share price 0. 16p* 7.8 Ioan Bud 59.04 Barclays Bank Market cap £12.00m* 4.46 SVS Securities PLC 4.31 Shares in issue 7,500,726,867 Others 3.99 * as at
Slide 5: Board and Management
4 B OA R D A N D M A N AG E M EN T Andrew Prelea – Chief Executive Officer Andrew has been involved with Vast since 2013 and has spearheaded the development of the Company’s Romanian portfolio. Throughout his 26 year career, Andrew has developed extensive investor and public relations experience and
Slide 6: Board and Management
5 B OA R D A N D M A N AG E M EN T Eric Diack – Non-Executive Director Eric is a Chartered Accountant with many years’ experience in the mining and industrial landscape. Eric is the former CEO of Anglo American Ferrous Metals Divisions, and has served on numerous major listed and unlisted company bo
Slide 7: Vast Asset Overview
6 VA ST A S S E T OV E RV I EW • MANAILA EXTENSION AREA (ROMANIA) – 100% • MANAILA • BLUEBERRY PROJECT POLYMETALLIC MINE (ROMANIA) – 29.41% (ROMANIA) – 100% • BAITA PLAI POLYMETALLIC MINE (ROMANIA) – 80% • MARANGE DIAMOND FIELDS DEVELOPMENT PRODUCTION (ZIMBABWE) – UP TO 75% APPRAISAL • PICIORUL ZIMB
Slide 8: Baita Plai Polymetallic Mine
7 BA I TA P L A I P O LY M ETA L LI C M I N E VAST OWNS 80% OF THE ASSET ▪ Official mineral resources (NAEN Code) for Baita Plai as recorded are reported as 1.8Mt at grades of 2.19% Cu, 3.07% Pb, 3.46% Zn, 1.41 g/t Au and 128.2 g/t Ag. ▪ The mineral resources are classified as 1.27Mt C1 resources an
Slide 9: Baita Plai Polymetallic Mine: Implied Value
8 BA I TA P L A I P O LY M ETA L LI C M I N E IMPLIED VALUE OF MORE THAN 8 X INVESTMENT TO DATE ▪ Investment of less than US$4.5 million to date for acquisition, care TARGET TO REOPEN MINE IN MID-2019 and maintenance, legal fees, improvements and allocation of overhead ▪ Further US$3.5 million budge
Slide 10: Baita Plai Indicative Production Plan
9 BA I TA P L A I I N D I C ATI V E P RO D U C T IO N P L A N STARTUP TEAM DEPLOYED FOR STARTUP INDICATIVE PRODUCTION PLAN WHICH EXPLOITS CURRENTLY ACCESSIBLE MINING AREAS ONLY A production plan for Baita Plai (BP Plan) has been developed on the following basis : ▪ Utilises the non-JORC compliant NA
Slide 11: Indicative Production Plan Projections
10 I N D I C AT IV E P RO D U C TI O N P L A N - P RO J EC T IO N S * Quarterly Production 24 Month Production Projection - From funding Total Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Ore Tons Mined tonnes 744,611 204,116 - - 18,662 26,957 39,813 39,813 38,984 39,887 Waste Tons Mined tonnes 363,579 99,666 - - 9,113
Slide 12: Expected Development Schedule
11 E X P EC TE D D E V E LO P M E N T S C H E D U LE * AN ACCELERATED SCHEDULE AIMED AT DELIVERING CASH FLOW WITHIN SIX MONTHS Month 0 1 2 3 4 5 6 Underground General Revision Preparing open stopes Access points Collection Points Railway Machinery Order/Delivery Mining Equimpent Flotation Crushers M
Slide 13: Heritage Diamond Concession
12 H E R I TAG E D I A M O N D CO N C ES S I O N THE MARANGE DIAMOND FIELDS IS WIDELY REGARDED AS THE RICHEST ALLUVIAL DIAMOND DEPOSIT GLOBALLY JV to unlock the potential of the Heritage Diamond Concession ▪ Agreement between Vast and the Chiadzwa Community Development Trust relating to exclusive ac
Slide 14: Heritage Diamond Concession: Illustrative Possibilities
13 H E R I TAG E D I A M O N D CO N C ES S I O N ILLUSTRATIVE POSSIBILITIES ▪ Independent geological assessment obtained September 2018 giving indicative grades ▪ Vast Diamond division employs team of three senior personnel who each have several years experience mining in the Marange Diamond Fields
Slide 15: Typical Mobile Diamond Screening Plant
14 TYPICAL MOBILE DIAMOND SCREENING PLANT UK INVESTOR SHOW | MARCH 2019
Slide 16: Proposed Diamond Process Plant
15 P R O P O S E D D I A M O N D P RO C ESS P L A N T MOBILE SCREEN UK INVESTOR SHOW | MARCH 2019
Slide 17: Blueberry Project
16 B LU E B ER RY P RO J EC T HIGHLY PROSPECTIVE BROWNFIELD IN THE HEART OF ROMANIA’S ‘GOLDEN QUADRILATERAL’ WHICH HAS BEEN * ESTIMATED TO HAVE PRODUCED UP TO 55 MILLION OUNCES OF GOLD TO DATE A brown field perimeter covering a total of 7.285km² in the ‘Golden Quadrilateral’ of Western Romania Hosts
Slide 18: Blueberry Development
17 B LU E B ER RY D E V E LO P M EN T ACCELERATED DEVELOPMENT PLAN AIMED AT PROVING UP THE RESOURCE POTENTIAL OF BLUEBERRY AND ESTABLISHING IT AS A STANDALONE MINING ENTERPRISE VIA IPO ▪ Soil sampling programme completed and confirmed anomalous gold in soil values and extended and defined the target
Slide 19: Manaila Polymetallic Mine Mineral Resource
18 M A N A I L A P O LY M E TA LL I C M I N E MINERAL RESOURCE JORC RESOURCE ESTIMATE ▪ 100% interest in Manaila Polymetallic Mine ▪ Total open pit Mineral Resource (Ind & Inf) of 4.6Mt at a grade of 0.97% Cu, 0.32% Pb, 0.68% Zn, 25.8g/t Ag and 0.23g/t Au at a 0.25% Cu cut-off ▪ Total underground Mi
Slide 20: Romanian Expansion
19 RO M A N I A N E X PA N SI O N EVALUATION OF PREVIOUSLY PRODUCING MINES AND GREENFIELD EXPLORATION TO EXPAND MINERALISED FOOTPRINT ACROSS ROMANIA AND LEVERAGE FIRST MOVER ADVANTAGE PICIORUL ZIMBRULUI & MAGURA NEAGRA (ZAGRA) PROSPECTING LICENCES ▪ Prospecting activities commenced in October 2017 f
Slide 21: Summary
20 S U M M A RY RAPID TRANSFORMATION FROM EXPLORATION COMPANY TO MINING COMPANY DELIVERING MULTIPLE REVENUE STREAMS ▪ Building a multi-commodity portfolio of productive assets in Romania and Zimbabwe, regions in which Vast now have demonstrable success ▪ Advancing two primary value drivers into prod
Slide 22: Contact details
Andrew Prelea | Chief Executive Officer T: +44 (0) 20 7236 1177 Andrew Hall | Head of Corporate Development T: +44 (0) 20 7236 1177 St Brides Partners |PR & IR Catherine Leftley + Juliet Earl T: +44 (0) 20 7236 1177