Vast Resources plc · LSE:VAST
Vast Resources — Q4 2016 Earnings Presentation
14 slides from Vast Resources's earnings presentation, February 2017
Slide 1: A New Phase of Growth
A NEW PHASE OF GROWTH Q U A R T E R LY P R O D U C T I O N R E P O R T / Q 1 2 0 1 7
Slide 2: Disclaimer
DISCLAIMER These materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in Vast Resources plc. (the “Company”) nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connec
Slide 3: Company Snapshot
COMPANY SNAPSHOT Two producing mines and upside from an exceptional pipeline of development assets Fully funded to positive cash flow from two currently operating mines and third pipeline mine Market AIM Chief Executive Officer† Roy Pitchford Chairman† Brian Moritz Ticker VAST Finance Director &
Slide 4: Share Analysis
SHARE ANALYSIS SHARE PRICE KEY SHAREHOLDERS Hargreaves Lansdown Sapi River Halifax Share Dealing Barclay Wealth Management TD Waterhouse St Anne's Trustees MARKET CAPITALISATION 30,000,000.00 VOLUME 25,000,000.00 20,000,000.00 15,000,000.00 10,000,000.00 5,000,000.00 0.00 C O R P O R AT E P R E S E
Slide 5: Romania
ROMANIA • Established mining culture and pro-mining government • Emerging market opportunities – potential for significant new discoveries • Excellent infrastructure to support development • Strategic location provides easy access to Europe, the Middle East and Africa MANAILA POLYMETALLIC MINE • Tot
Slide 6: Quarterly Production Dashboard
QUARTERLY PRODUCTION DASHBOARD MANAILA HEADLINE FIGURES – QUARTER ON QUARTER GROWTH AND COST REDUCTION “…the turnaround of operations at Manaila has continued despite the extreme weather conditions experienced at site” – Roy Pitchford, CEO 44% 23% 40% increase in copper increase in copper-only decre
Slide 7: Manaila Polymetallic Mine: concentrate production and sales price
MANAILA POLYMETALLIC MINE ROMANIA 1000 500 900 889 tonnes 450 Targeted Zn concentrate production Tonnes of Cu concentrate 800 Tonnes of Zn concentrate 400 700 350 600 300 500 250 400 200 300 150 200 100 100 50 0 0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 1400 U
Slide 8: Manaila Polymetallic Mine: operating costs, ore mined and milled
MANAILA POLYMETALLIC MINE ROMANIA 1,600 35 Operating cost / t concentrate (US$) 1,400 34 Operating cost / milled (US$) 1,200 33 1,000 US$901 US$32 32 800 31 600 30 400 200 29 0 28 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 40,000 35,000 35,000 30,000 29,435 tonne
Slide 9: Zimbabwe
ZIMBABWE • Exceptional mineralised terrane • High value brownfield assets • Established mining infrastructure • Skilled workforce PICKSTONE-PEERLESS GOLD MINE • Mineral Reserve: 1.0Moz (@ 1.9g/t Au) • Mineral Resource: 3.2Moz (@ 1.6g/t Au), inclusive of reserve • 7 year oxide mine life • 20 year sul
Slide 10: Quarterly Production Dashboard
QUARTERLY PRODUCTION DASHBOARD PICKSTONE-PEERLESS HEADLINE FIGURES – OPERATING COSTS REDUCED DESPITE LOWER VOLUMES “…we remain optimistic about future production, which is being conducted in conjunction with the construction of the sulphide processing plant to enable production from the high-grade s
Slide 11: Pickstone-Peerless Gold Mine: ore, gold produced, sales price
PICKSTONE -PEERLESS GOLD MINE ZIMBABWE 70,000 90,000 61,355 tonnes 60,000 80,000 70,930 tonnes 70,000 50,000 Ore mined (tonnes) Ore milled (tonnes) 60,000 40,000 50,000 30,000 40,000 20,000 30,000 20,000 10,000 10,000 0 0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 201
Slide 12: Pickstone-Peerless Gold Mine: operating costs
PICKSTONE -PEERLESS GOLD MINE ZIMBABWE 52 1,000 Operating cost / oz produced (US$) 900 Operating cost / t milled (US$) 50 800 700 48 US$619/oz 600 46 500 US$44/t 400 44 300 200 42 100 40 0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q U A R T E R LY P R O D U C T
Slide 13: Summary
SUMMARY • Continued turnaround at Manaila – Board anticipates that production in February and March should compensate for downtime in January caused by extreme weather • Focus at Manaila during Q1 and Q2 will include: • Ramping up of zinc production and improving grade to >45% Zn • Gravity recovery
Slide 14: Contact details
Roy Pitchford | Chief Executive Officer T: +44 (0) 20 7236 1177 St Brides Partners |PR & IR Susie Geliher + Charlotte Page T: +44 (0) 20 7236 1177 susie@stbridespartners.co.uk charlotte@stbridespartners.co.uk