Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Resources Rising Stars Conference (RRS) Gold Coast 2023
25 slides from Vault Minerals's conference presentation, May 17, 2023
Slide 1: RRS Gold Coast Presentation
For personal use only RRS Gold Coast Presentation Patrick Duffy (CFO) 16-17 May 2023 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resource and O
Slide 3: Red 5 Asset Overview
Red 5 Asset Overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine KOTH Summary For personal use only Mineral Resource5 4.75Moz 2H FY2023 Production6 90-105koz Ore Reserve5 2.7Moz Indicative Production2 >200k
Slide 4: Red 5 Limited – Corporate Profile
Red 5 Limited – Corporate Profile 0.5 0.45 Our Company Vision 0.4 “To be a successful multi-operational For personal use only 0.35 0.3 exploration and mining company, providing 0.25 benefits to all stakeholders, through the 0.2 consistent application of technical excellence, 0.15 and responsible and
Slide 5: Geology is Well Understood - Open in all Directions
KOTH Geology is Well Understood - Open in all Directions Jun-22 Mineral Resource1 Jun-22 Ore Reserve1 105.5Mt @ 1.4 g/t for 70.2Mt @ 1.2 g/t for For personal use only 4.75Moz Au 2.66Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical unders
Slide 6: SAG mill – commercial production declared Dec 2022
SAG mill – commercial production declared 16 Dec 2022 For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 6
Slide 7: Site is powered by 30MW hybrid gas-solar power station
Site is powered by 30MW hybrid gas-solar power station For personal use only www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 7
Slide 8: Inflection point – 17,550 ounces in March; 18,633 ounces in April
Inflection point – 17,550 ounces in March; 18,633 ounces in April KOTH OP high grade ore increased in Q3 Quarterly KOTH Gold Production and Feed Grade 600 1.40 50,000 1.40 500 1.20 For personal use only Ore Grade (g/t) 1.00 400 0.80 1.20 t ('000) 300 40,000 0.60 200 0.40 1.00 100 0.20 0 - 30,000 0.8
Slide 9: OP operations now mining on the main ore body
KOTH OP operations now mining on the main ore body Stage 1 KOTH Open Pit Ore Reserve ● Open pit mining is now well Model - Contained Ounces by RL established on the 5225mRL bench level RL HG LG For personal use only 5295 ● The increasing ore tonnage and grade 5285 forecast from the open pit is 5275
Slide 10: OP mine plan to 2037 – opportunity to accelerate mining
KOTH OP mine plan to 20371 – opportunity to accelerate mining For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 11
Slide 11: Underground mine progressively mining more fresh areas
KOTH underground mine progressively mining more fresh areas More tonnes at higher grades are expected from the KOTH For personal use only underground in H2 FY23 ● Fully resourced underground mine crews are in place ● Mining in more fresh areas – resulting in predictable tonnes and grade (with less d
Slide 12: Mill is the Logical Processing Hub for the Leonora District
KOTH Mill is the Logical Processing Hub for the Leonora District ● KOTH process plant is the lowest Regional process plants – mill size, unit cost and distance to Leonora cost mill in the Leonora district ● Processing cost of A$12/t1 60 For personal use only ● Large mill drives site-wide economies o
Slide 13: Standout Value Opportunity
Standout Value Opportunity ● Red 5 EV/Reserve relative to its 1,500 peers Bellevue For personal use only ● Valuation of WA based-gold 1,200 companies1 EV / Reserve (A$/oz) Ramelius ● Bubble size = Enterprise Value 900 ● The KOTH Gold Mine positions Gold Road Red 5 as an emerging mid-tier Silver Lake
Slide 14: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 15
Slide 15: Appendices
For personal use only Appendicies www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 16
Slide 16: Investment Highlights
Investment Highlights King of the Hills KOTH Processing Hub • Mineral Resource of 4.75 Moz1 • Lowest cost plant in the • Ore Reserve of 2.7 Moz1 Leonora district For personal use only • Open pit and underground • 4.7mtpa processing capacity, mines trageting 5.5mtpa3 • ~15 year mine life1 • ~200kozpa
Slide 17: Leadership Team with Strong Mining Expertise
Leadership Team with Strong Mining Expertise Red 5 has a strong and capable team, with many years of mining and development experience both at Red 5 and previously at multi- billion international development projects. Red 5 is undergoing a formal process to renew the composition and succession of th
Slide 18: Mineral Resource of 4.75Moz
KOTH Mineral Resource of 4.75Moz1 Total Open Pit & Underground KOTH Resource as at June 2022 For personal use only Cut-off Mining Gold Contained Gold Classification Tonnes (000t) (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 1,330 1.2 50 Indicated 0.4-1.0 OP+UG 72,880 1.4 3,250 Inferred 0.4-1.0
Slide 19: Ore Reserve of 2.7Moz
KOTH Ore Reserve of 2.7Moz1 Total KOTH Ore Reserves as at June 2022 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method For personal use only (g/t) Classification (Mt) (g/t) (Moz) KOTH Open pit 0.4 Probable 63.3 1.2 2.4 KOTH Underground 1.3 Probable 2.8 2.0 0.2 Rainbow Open pit 0.4 Pr
Slide 20: 1. Growth Strategy
For personal use only 1. Growth Strategy www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 21
Slide 21: Diamond drill results enhance FY23 and FY24 mine plan
KOTH diamond drill results enhance FY23 and FY24 mine plan1 Growth opportunity under the South Pit final shell once fully dewatered Regal and Eastern For personal use only Flank ● 10m at 79.62g/t ● 62m at 6.33g/t ● 24.5m at 14.07g/t ● 6.8m at 35.06g/t Central ● 3.4m at 49.4g/t ● 29.6m at 3.48g/t ● 3
Slide 22: 5-year UG Mine Plan is only constrained by drilling
KOTH 5-year UG Mine Plan1 is only constrained by drilling For personal use only 1. Red 5 ASX Release: 7 September 2022 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 23
Slide 23: Exploration – Numerous Surface Targets
KOTH Exploration – Numerous Surface Targets ● Three satellite deposits are already in the LOM plan: ● Rainbow For personal use only ● Centauri ● Cerebus-Eclipse ● Integrated datasets have identified priority targets along the Tarmoola and Ursus Fault corridors ● Tarmoola Fault Corridor ● Poorly test
Slide 24: Darlot drilling results identified potential to upgrade Resource
Darlot drilling results identified potential to upgrade Resource1 Darlot UG mine retains significant option value with potential at-depth in a higher gold price environment Middle Walters South1 For personal use only ● 6.0m at 71.4g/t ● 3.4m at 42.5g/t ● 31.1m at 5.8g/t Centurion Lode1 ● 1.1m at 1,5
Slide 25: Thank You
For personal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 26
Red 5 — Resources Rising Stars Conference (RRS) Gold Coast 2023 on 6ix