Vault Minerals Limited · ASX:VAU
Vault Minerals — RED 5 — Investor Presentation (July 2010)
29 slides from Vault Minerals's investor presentation, Jul 27, 2010
Slide 1: Siana Gold Project - Philippines
For personal use only RED 5 Limited Siana Gold Project - Philippines North America July 2010 RED5 Limited
Slide 2: RED5 at a glance
For personal use only RED5 at a glance ... RED – ASX: A14.0 cents Market Cap: US$118m Issued Shares: 977.3m Cash (no debt): A$57.6m Enterprise Value: (per LOM plan ounce) US$70 $/ounce No hedge/FX positions: Largest Shareholders: Mathews Capital 19.2% Baker Steel Capital Managers 6.6% RED5 Limited
Slide 3: Location and infrastructure
For personal use only Location and infrastructure 125°25’ 125° 35’ PHILIPPINES Fault Road 0 10 Manila kilometres Surigao City New porphyry Mindanao gold-copper 9°45’ discovery 254m at 1.2g/t, • 10 year mine life 0.16% copper • 849,000 ounce 189 m at 1.0 g/t, gold production 0.17% copper Sison Placer
Slide 4: Permitting
For personal use only Permitting All major permits in place y Free and Prior Informed Consent Certificate y Environmental Compliance Certificate y Notice to Proceed y Plant Discharge Permit y Local company merger complete RED5 Limited
Slide 5: Site construction commenced
For personal use only Site construction commenced Access road Administration buildings Dewatering bores RED5 Limited
Slide 6: Project information
For personal use only Project information • Life‐of‐mine ‐ 10 year operating life producing 849,000 ounces at US$351 per ounce ‐ open pit at 750,000 tpa, underground phased in at 400,000tpa y Capital cost to first gold pour ‐ US$56.5M plus US$6.0 million contingency plus US$7.5 million in overrun ac
Slide 7: Long section and unfinished business
Long section and unfinished business For personal use only 54800N 55000N 55200N 55400N SOUTH NORTH Surface 0m RL Historic Pit BFS Design Pit SMDD135 -100m RL 3m at 31.6 g/t Au (completed post-resource) Open -200m RL Open -300m RL PANEL 1 SMDD134 5m at 25.4 g/t Au (completed post-resource) -400m RL O
Slide 8: Resource panels
For personal use only Resource panels RED5 Limited
Slide 9: Siana mineral resources
For personal use only Siana mineral resources Category* Mt Au (g/t) Oz Au Ag (g/t) Oz Ag Indicated 5.15 4.6 769,000 9.5 1,523,000 Inferred 1.54 7.1 353,000 11.5 573,000 TOTAL 6.69 5.2 1,122,000 9.7 2,095,000 * to 500 metres vertical, and in accordance with JORC guidelines RED5 Limited
Slide 10: Long term mine plan
For personal use only Long term mine plan Underground Stockpile Open Pit (Long term Total mine plan) Tonnes (M) 0.08 3.10 3.36 6.55 Au g/t 1.33 3.42 5.83 4.6 Ag g/t 10.67 8.71 9.12 8.9 Ounces Au 3,549 341,000 630,000 975,000* Ounces Ag 28,000 870,000 986,000 1,885,000 • 88 drill holes for 37,840 met
Slide 11: Summary production schedule
For personal use only Summary production schedule Year 1* Year 2 Year 3 Year 4 Year 5‐10 Total Ore milled (‘000 tonnes) 594 750 921 1,092 3,199 6,556 Grade (g/t) gold 2.88 3.48 3.56 4.21 5.90 4.63 Grade (g/t) silver 15.0 10.1 6.2 5.9 10.0 9.0 Plant recovery (gold %) 83.0 85.9 85.7 86.1 88.3 87.1 Gol
Slide 12: Planned site layout
For personal use only Planned site layout RED5 Limited
Slide 13: Underground mining method
For personal use only Underground mining method • Underhand cut and fill (top down) • Road header in ore (more productive in soft ground than conventional drill and blast) ‐ additional benefit less explosive on site • Drill and blast for hard material • Paste fill ground support ‐ cement available l
Slide 14: Underground mining
For personal use only Underground mining Active stope level RED5 Limited
Slide 15: Revenue opportunities
For personal use only Revenue opportunities y Further Siana underground extensions – 3 metres at 31.6 g/t, 5 metres at 25.4 g/t not in resource data base y Zinc concentrate production from underground mining phase – bi‐product credit potential … and Mapawa MPSA satellite ore 3 ‐ 4 Mt potential near
Slide 16: Production targets
personal use only Production targets 160,000 Annual Gold Production - Ounces 140,000 120,000 100,000 80,000 Siana 10 Year Mine Plan 60,000 40,000 Open Pit Production For 20,000 Underground Production - Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 RED5 Limited
Slide 17: Production targets
personal use only Production targets 160,000 Annual Gold Production - Ounces 140,000 120,000 100,000 Siana Resource Conversion 80,000 Siana 10 Year Mine Plan 60,000 40,000 Open Pit Production For 20,000 Underground Production - Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 RE
Slide 18: Production targets
personal use only Production targets 160,000 Annual Gold Production - Ounces 140,000 120,000 Mapawa Oxide Material 100,000 Siana Resource Conversion 80,000 Siana 10 Year Mine Plan 60,000 40,000 Open Pit Production For 20,000 Underground Production - Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 J
Slide 19: Project milestones
For personal use only Project milestones • Major permitting Complete • Complete Site Works Sept Qtr 2010 • Debt Finance Sept Qtr 2010 • Pre‐Strip commenced Sept Qtr 2010 • Plant completion March Qtr 2011 • First Gold Production June Qtr 2011 Awaiting final finance package offer: – All known Conditio
Slide 20: Debt financing package
Debt financing package For personal use only • Deutsche Bank/Ashmore Group – US$25m loan + US$15m gold pre‐pay • No hedging required • Warrants at 35% premium • Interest only loan with 42 month balloon • Gold pre‐pay – max. 20,000 ounces over 48 months • Closing expected late July RED5 Limited
Slide 21: Strong community support
For personal use only Strong community support RED5 Limited
Slide 22: Mapawa exploration
For personal use only Mapawa exploration RED5 Limited
Slide 23: Mapawa surface mineralisation
For personal use only Mapawa surface mineralisation RED5 Limited
Slide 24: Mapawa IP interpretation
For personal use only Mapawa IP interpretation RED5 Limited
Slide 25: Mapawa geological cross-section
For personal use only Mapawa geological cross-section 600 metres vertical extent of Au-Cu mineralisation RED5 Limited
Slide 26: Summary
For personal use only Summary • Emerging gold producer in the Philippines – construction commenced – all major permits in place – first gold pour April 2011 – +10 year production profile – excellent community relations – final debt financing imminent • Substantial exploration potential at Mapawa RED
Slide 27: Competent persons statement
For personal use only Competent persons statement The information in this Public Report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on, and accurately reflects, information compiled by Mr G C Edwards and Mr W Darcey who are full‐time employees of Red 5 Limited and
Slide 28: Contact details – Australia
For personal use only Contact details – Australia • Level 2, 35 Ventnor Avenue West Perth, Western Australia 6005 PO Box 1911 West Perth, WA 6872 • Ph: + 61 8 9322 4455 • Fax: + 61 8 9481 5950 • Web Site: www.red5limited.com • Email: info@red5limited.com • Greg Edwards (Managing Director, CEO) • Col
Slide 29: Contact details – Philippines
For personal use only Contact details – Philippines • Greenstone Resources Corporation Level 5, NOL Tower Commerce Ave, cnr Acacia Ave Madrigal Business Park Muntinlupa City, Manila, Philippines 1770 • Ph: + 63 2 807 2790 • Fax: + 63 2 807 6658 • Web Site: www.red5limited.com • Email: info@red5limit