Critica Limited · ASX:CRI
Critica — Investor Presentation (June 2020)
40 slides from Critica's investor presentation, Jun 23, 2020
Slide 1: Venture Minerals Limited – Resources Roadhouse Broker Breakfast Series
Venture Minerals Limited Resources Roadhouse Broker Breakfast Series Presentation 23rd June 2020
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; • Major step taken towards Riley Iron Ore Mine production with signing of critical Road Access Agreement, first shipment
Slide 4: Corporate Snapshot
Corporate Snapshot Summary Capital Raising History Corporate Snapshot ASX Code: VMS June 2019 Placement and Underwritten Accelerated rights issue of 286.3m shares at $0.02 for $5.7m. July 2018 Two Tranche Placement of 85.1m shares at A$0.03 Shares on issue: 807.9m for A$2.5m; September 2017 Placemen
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 | Resources Roadhouse Broker
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits RILEY IRON ORE MINE Venture Minerals | Resources Roadhouse Broker Breakfast | June 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 | Resources Roadhouse Broker Breakfast | June 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 Critical Road Access Agreement signed providing Riley with a complete transport solution from mine gate to port; Riley Mining Team re-established and working diligently towards delivery of first shipment potentially as early as in July 2020; Riley Iron Ore Mine
Slide 12: Upcoming Milestones & Conclusions
Upcoming Milestones & Conclusions Upcoming milestones include: Conclude road haulage tender process, followed by the finalisation of the well-advanced port agreements; Secure project financing; Recommencement of ore mining and dry screening activities; First ore haulage; First ore shipment
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 | Resources Roadhouse Broker Breakfast | June 2020 13
Slide 14: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020 14
Slide 15: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 16: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 17: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 18: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020 18
Slide 19: Tin Market Outlook
Tin Market Outlook • Tin today at about ~US$17,000/t or ~A$25,000/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000 tpa by 2030; • Visible Tin S
Slide 20: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Recent Bridge Collapse on African Tin Expor
Slide 21: 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 | Resources Roadhouse Broker Breakfast | June 2020 21
Slide 22: 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 23: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 24: 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 25: 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 | Resources Roadhouse Broker Breakfast | June 2020 *Source: MLX ASX Announcement 23 August 2018
Slide 26: Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others
Major EM Survey at Mount Lindsay identifies Priority Renison Style Tin Target & others Nickel Sulfide Target in Ultramafic Mount Lindsay Style Sn-W Targets Renison Style High Grade Tin Target Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020 26
Slide 27: 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 | Resources Roadhouse Broker
Slide 28: 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 25km of Prospective mineralisation; VMS Style Sequence Endowment • Historic shallow gold drill (Resources and Produ
Slide 29: 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 resul
Slide 30: 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 31: 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 | Resources Roadhouse Broker
Slide 32: 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 33: 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 34: 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 | Resources Roadhouse Broker
Slide 35: South West Project – Location Map
South West Project – Location Map • Venture holds a 281 km² land holding within the Greenbushes Mineral District host to the world’s largest hard rock lithium mine (produces ~40% of the worlds-lithium); • Several VMS (Volcanogenic Massive Sulfide) targets identified including the Thor Prospect; • Su
Slide 36: Massive Sulfide in Core from Maiden Drilling at the Thor Prospect
Massive Sulfide in Core from Maiden Drilling at the Thor Prospect Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020 36
Slide 37: Thor VMS Target with maiden drilling on aeromagnetic image
Thor VMS Target with maiden drilling on aeromagnetic image Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020 37
Slide 38: Further drilling on new EM targets intersects massive sulfides with Copper & Zinc mineralisation
Further drilling on new EM targets intersects massive sulfides with Copper & Zinc mineralisation Thor Priority VMS Drill Targets Historic Kingsley VMS Prospect *Reference GSWA Record 2017/9: Metamorphosed VMS Mineralization at Wheatley, Southwest, WA by LY Hassan Venture Minerals | Resources Roadhou
Slide 39: Conclusions
Conclusions Exciting phase as Venture looks to move from explorer to producer; Mount Lindsay Tin-Tungsten Project provides exposure to near term production of EV Metals and Critical Minerals; Golden Grove North has yielded early success with two new VMS discoveries along strike to the world cl
Slide 40: Thank You
Thank You www.ventureminerals.com.au Venture Minerals | Resources Roadhouse Broker Breakfast | June 2020