Critica Limited · ASX:CRI
Critica — RIU Sydney Resources Roundup 2022
26 slides from Critica's conference presentation, May 5, 2022
Slide 1: Targeting ESG Tin Production
Targeting ESG Tin Production RIU SYDNEY RESOURCES ROUND UP 3rd – 5th May 2022 ASX | VMS www.ventureminerals.com.au
Slide 2: 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 3: Highlights
Highlights • Mount Lindsay Tin-Tungsten Underground Feasibility Study commenced, experienced Study Manager engaged, leveraging off previous open-pit study which included >100,000m of diamond core drilling; • Recommenced Tin Exploration at Mount Lindsay leading to the discovery of two new mineralised
Slide 4: Corporate Snapshot
Corporate Snapshot Market Snapshot ASX:VMS Share Price and Volume Share Price (A$) Volume (Millions) Shares on issue 1,669m 200 0.18 180 Share price 5.5c 160 140 Unlisted options1 60.3m 0.13 120 Market capitalization $91.8m 100 80 Cash balance (31 March 2022) $12.1m 0.08 60 40 Debt (31 March 2022) $
Slide 5: 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 Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Managing Director Exploration Manager ▪ Chairman of Venture Minerals ▪
Slide 6: Project Locations
Project Locations www.ventureminerals.com.au 6
Slide 7: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit www.ventureminerals.com.au 7
Slide 8: 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 9: Today's and Tomorrow's Applications for Tin
Today’s and Tomorrow’s Applications for Tin ▪ Solder market technology drivers: ▪ Electronics miniaturisation impact fading, ▪ Lead-free conversion has resumed. ▪ 5G to lead the new electronics era: Currently ~400g of Tin per car ▪ 5G to be the platform for connected future, ▪ Two phases of infrastr
Slide 10: Could a lack of ESG compliant tin supply affect the pace of energy transition?
“Could a lack of ESG compliant tin supply affect the pace of energy transition?” – Wood MacKenzie ▪ There is no shortage of tin supply potential, but ESG risk is a factor; ▪ Venture, as an Australian tin producer, can capitalise on global demand for ESG compliant tin. Global Tin Reserves (kt) 2500 2
Slide 11: Tungsten Ore at Mt Lindsay: A Critical Mineral
Tungsten Ore at Mt Lindsay: 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
Slide 12: 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 Metal 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 wo
Slide 13: Mount Lindsay Highlights
Mount Lindsay Highlights ▪ More than 100,000m of diamond core drilling has been completed on the project by predominately Venture, most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; ▪ Open Pit Feasibility Study completed with comprehensiv
Slide 14: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets www.ventureminerals.com.au 14
Slide 15: New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine
New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine www.ventureminerals.com.au 15
Slide 16: New Tin Drilling intersects Sulfide rich Skarn along strike to Mount Lindsay Deposit
New Tin Drilling intersects Sulfide rich Skarn along strike to Mount Lindsay Deposit www.ventureminerals.com.au 16
Slide 17: New Drilling at Mount Lindsay returns record breaking drill intersection - 147 metres @ 1.0% Tin
New Drilling at Mount Lindsay returns record breaking drill intersection - 147 metres @ 1.0% Tin www.ventureminerals.com.au 17
Slide 18: Chalice JV with Venture on Julimar lookalike in the South West Project
Chalice JV with Venture on “Julimar lookalike” in the South West Project ▪ Chalice Mining (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; ▪ C
Slide 19: Chalice on ground preparing Julimar lookalike target for potential drilling first half 2022
Chalice on ground preparing “Julimar lookalike” target for potential drilling first half 2022 ▪ Chalice has completed a ground EM program on Venture’s South West Ni-Cu- PGE Project over selected areas of the ‘Julimar lookalike’ magnetic anomaly (Thor Target) and has met the first stage requirement o
Slide 20: Chalice's Julimar and Venture's South West Projects
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale www.ventureminerals.com.au 20
Slide 21: Chalice's Julimar and Venture's 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 www.ventureminerals.com.au 21
Slide 22: Chalice delivers early success from ground EM on Julimar lookalike target
Chalice delivers early success from ground EM on “Julimar lookalike” target ▪ Chalice has generated new EM anomalies from the early stages of the ground EM program on Venture’s South West Nickel-Copper-PGE Project; ▪ Chalice’s geophysical survey is part of the first stage of the JV earn-in focused o
Slide 23: Chalice's completed EM survey generates 11 new conductor models over the Thor Target
Chalice’s completed EM survey generates11 new conductor models over the Thor Target Massive Sulfides in TOR05 from drilling at the Thor “Julimar lookalike” Target intersected 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium.
Slide 24: Chalice has commenced Maiden Drilling program at Thor Testing High Priority EM Targets
Chalice has commenced Maiden Drilling program at Thor Testing High Priority EM Targets Chalice’s exploration team have also commenced an extensive Auger Surface Geochemistry program to define other potential base metal (Ni, Cu, Co, Zn, Pb) and/or precious metal (Pd, Pt, Au) anomalies along the prosp
Slide 25: Planned Activities in 2022
Planned Activities in 2022 PROJECTS Q1 2022 Q2 2022 Q3 2022 Q4 2022 Mount Lindsay Tin-Tungsten Project • Feasibility Study • Permitting Underground Mine • Exploration Drilling Riley Iron Ore Mine • Operations ready to proceed upon improved market conditions South West Ni-Cu-PGE (CHN JV) • Chalice gr
Slide 26: Key Investment Highlights
Key Investment Highlights The advanced Mount Lindsay Tin-Tungsten Project is well positioned to take advantage of the strong EV and critical mineral markets as the Tin price sits at record levels; Venture Minerals is targeting ESG Tin Production from Mount Lindsay to capitalize on the global demand