Critica Limited · ASX:CRI
Critica — RIU Resurgence Conference 2020
34 slides from Critica's conference presentation, Sep 16, 2020
Slide 1: Corporate Presentation
M I N E R A L S CORPORATE PRESENTATION (ASX:VMS) RIU Resurgence Conference 2020 | www.ventureminerals.com.au | admin@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 • Leveraging off solid commodity prices, a favourable exchange rate and over $45 million spent previously on its advanced mining projects in the North-West of Tasmania; • Dry screening and associated mining operations have commenced at the Riley Iron Ore Mine; • Mount Lindsay Tin-Tungsten
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$31.8m (@ A$0.031) Shares on Issue 1,026m Enterprise Value A$24.7m (incl Placement and SPP) Unlisted Options: 16.4m Cash at 30 June 2020 A$7.1m 10.9m@ A$0.001, 1m @ A$0.45, (including Placement and SPP 2m @ A$0.50, 2.5m @ A$0.55 net of costs) T
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 Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Sep
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RILEY IRON ORE MINE Venture Minerals | Investor Presentation | September 2020 7
Slide 8: Riley Iron Ore Mine - Ore Deposit
Riley Iron Ore Mine - Ore Deposit Immediately accessible Ore Reserves of 1.6mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals | Investor Presentation | September 2020 8
Slide 9: Riley Iron Ore Mine DSO Hematite Project – Overview & History
Riley Iron Ore Mine DSO Hematite Project – Overview & History • Riley DSO Project - 100% owned, located in North west Tasmania; • Riley Iron Ore Mine: Situated on a granted mining lease; Reserves of 1.6Mt @ 57% Fe with low impurities*; DSO deposit is all at surface with zero strip ratio; Loc
Slide 10: Riley Iron Ore Mine DSO Hematite Project – Restart work completed
Riley Iron Ore Mine DSO Hematite Project – Restart work completed Priority review of the Riley Iron Ore Mine, for a potential restart following a significant sustained recovery in the iron ore price; Off-take Agreement secured with Tier 1 Global Iron Ore trader for full two- year mine life; Hi
Slide 11: Riley Iron Ore Mine - Currently
Riley Iron Ore Mine - Currently Initial stage mining and screening complete. Assessing results to determine most efficient mining and dry screening method to maximise margins through ore quality and cost of production; Qube awarded preferred Road Haulage tenderer status and also engaged to provi
Slide 12: Upcoming Milestones & Conclusions
Upcoming Milestones & Conclusions Upcoming milestones include: Secure wet screening plant financing; First ore haulage; First ore shipment. Conclusions: Venture targeting first shipment potentially as early as next month; Exciting phase for the Company as it looks to move from explorer to
Slide 13: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY RILEY IRON TIN-TUNGSTEN PROJECT ORE MINE Venture Minerals | Investor Presentation | September 2020 13
Slide 14: EV Metal Demand, time to re-assess Mount Lindsay
EV Metal Demand, time to re-assess Mount Lindsay • EV 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 world, containing in excess of 80,000* tonnes of tin
Slide 15: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project Highlights • Approximately 83,000m of diamond core drilling used to define JORC compliant resources with +60% in the Measured & Indicated categories; • Feasibility Study completed with comprehensive metallurgical test-work, with further post feasibility test-work d
Slide 16: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin Combined Resources of Measured/Indicated/Inferred: 215,700t of Tin* Venture Minerals | Investor Presentation | September 2020 *Source: MLX ASX Announcement 23 August 2018 16
Slide 17: Major EM Survey at Mount Lindsay identifies
Major EM Survey at Mount Lindsay identifies Venture Minerals | Investor Presentation | September 2020 *Source: MLX ASX Announcement 23 August 2018 17
Slide 18: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Sep
Slide 19: Chalice to earn-in on Julimar look-a-like in the South-West Project
Chalice to earn-in on Julimar look-a-like in the South-West Project • Chalice Gold Mines (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; • Ch
Slide 20: South-West Project already has shown Ni-Cu-PGE potential
South-West Project already has shown Ni-Cu-PGE potential • Thor has a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic- ultramafic intrusions with potential to host Julimar type mineralisation; • Recent EM survey having identified 13 targets in the southern 6km of t
Slide 21: Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale
Chalice’s Julimar and Venture’s South West Projects aeromagnetic signatures of a similar scale Venture Minerals | Investor Presentation | September 2020 * Refer Chalice Gold Mines ASX announcement 21st July 2020 21
Slide 22: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Sep
Slide 23: Golden Grove North Project
Golden Grove North Project • 288 km2 located less than 10 kilometres from the Golden Grove Camp (Mine); 25 strike kilometres of a largely untested, prospective sequence for VMS style mineralisation; 25km of Prospective VMS Style Sequence • Historic shallow gold drill Endowment (Resources and Produ
Slide 24: Golden Grove North - Early Exploration Success with Vulcan VMS Discovery
Golden Grove North -Early Exploration Success with Vulcan VMS Discovery • New Volcanic Massive Sulfide (VMS) target discovered along strike of the world class Golden Grove Zinc-Copper- Gold Mine; • Two-Kilometre-Long VMS target identified by the following: • Highly anomalous Copper (Cu) in soil resu
Slide 25: Golden Grove North - Repeats Early Exploration Success with Neptune VMS Discovery
Golden Grove North-Repeats Early Exploration Success with Neptune VMS Discovery • A second new VMS target has been discovered along strike of the world class Golden Grove Zinc-Copper-Gold Mine; • The new target, identified within the Golden Grove Mine Sequence, is considered high priority for follow
Slide 26: EM Surveys unveil Priority Massive Sulfide drill targets at Vulcan Cu-Au prospect
EM Surveys unveil Priority Massive Sulfide drill targets at Vulcan Cu-Au prospect • EM surveys at Vulcan discover three high priority VMS drill targets at the Vulcan Cu-Au Prospect; • Vulcan EM Target sits within a highly prospective VMS rock sequence immediately below, surface rock chip results of
Slide 27: New Priority Massive Sulfide targets at Vulcan West and Vulcan North
New Priority Massive Sulfide targets at Vulcan West and Vulcan North analogous to Scuddles • Vulcan West EM Target sits along strike from shallow drill intersections of up to 0.5% Zn (Scuddles lookalike). • Vulcan North EM Target sits within a highly prospective VMS rock sequence below a highly anom
Slide 28: New acquisition of highly prospective Gold tenure with new priority VMS target
New acquisition of highly prospective Gold tenure with new priority VMS target • Drill Hole WRC054 has intersected shallow VMS style mineralisation along strike and between the two recently delineated high priority VMS drill targets of Vulcan North and Vulcan West that are soon to be drill tested; •
Slide 29: Shallow VMS style mineralisation intersected in historic drilling
Shallow VMS style mineralisation intersected in historic drilling makes number priority drilling target Venture Minerals | Investor Presentation | September 2020 * Refer ASX announcement 15th September 2020 29
Slide 30: Project Locations
Project Locations Golden Grove Caesar Project North Project Au & Ni- Cu Zn-Cu-Au North West Tasmanian Projects Riley Iron Ore Mine & Mount Lindsay Tin-Tungsten South West Project Thor Cu-Pb-Zn Prospect & Odin Ni-Cu Prospect Kulin Project Au & PGE -Ni–Cu Venture Minerals | Investor Presentation | Sep
Slide 31: Kulin Project – Prospective Geological Setting for PGE-Ni-Cu discoveries
Kulin Project – Prospective Geological Setting for PGE- Ni-Cu discoveries. • Kulin Project is located ~230 km south- southeast of Perth in Western Australia. Venture is focusing on the interpreted layered mafic-ultramafic intrusion near the town of Kulin. The layered mafic- ultramafic intrusion targ
Slide 32: Kulin - Gold Discovery delivers Drill Ready Targets
Kulin - Gold Discovery delivers Drill Ready Targets • Kulin is also located in an emerging Western Australian Gold Province. Kulin is within the South West Terrane of the Yilgarn Archean Craton which already contains several major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd
Slide 33: Conclusions
Conclusions Exciting phase as Venture looks to move from explorer to producer at the Riley Iron Ore Mine; Mount Lindsay Tin-Tungsten Project provides exposure to near term production of EV Metals and Critical Minerals; Chalice’s Ni-Cu-PGE exploration expertise at the South West Project gives V
Slide 34: Thank You
CORPORATE PRESENTATION (ASX:VMS) RIU Resurgence Conference 2020 Thank You If you have any questions, please see us at Booth # 50 M I N E R A L S | www.ventureminerals.com.au | admin@ventureminerals.com.au |