Critica Limited · ASX:CRI
Critica — New World Metals Conference 2021
37 slides from Critica's conference presentation, Sep 9, 2021
Slide 1: New World Metals Conference Presentation
NEW WORLD METALS CONFERENCE PRESENTATION 9 September 2021 ASX : VMS
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 Riley Iron Ore Mine – First Shipment booked for early September as Steady State Production achieved; Drilling recommences at the advanced Mount Lindsay Tin- Tungsten Project providing near term exposure to EV Metal and Critical Minerals markets; Chalice has defined new EM anomalies
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code: VMS Market Capitalisation A$119m (@ A$0.089) Shares on Issue 1,334m Enterprise Value A$110m Unlisted Options: 46.0m Cash at 30 June 2021 A$9m 7.0m @ A$0.001, 13.6m @ A$0.052, 19.9m @ A$0.06, 1m @ A$0.45, 2m @ A$0.50, 2.5m @ A$0.55 Top 20 Shareholders 20.7% VMS Share Pric
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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 7
Slide 8: Riley Iron Ore Mine – Ore Deposit
Riley Iron Ore Mine – Ore Deposit NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 8
Slide 9: Riley Iron Ore Mine – Current Status
Riley Iron Ore Mine – Current Status • Following completion of plant commissioning and achieving steady state production at the Riley Mine, Venture has booked the Company’s first iron ore shipment for early September; • With steady state production now being achieved, the mine will produce sufficien
Slide 10: Upcoming Milestones and Conclusions for Riley
Upcoming Milestones and Conclusions for Riley Upcoming milestones include: • Venture’s first shipment early September 2021; • Ramp up production from one to two shipments per month. Conclusions: • Exciting phase for the Company as it moves from explorer to producer. NEW WORLD METALS CONFERENCE PRESE
Slide 11: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit MOUNT LINDSAY TIN-TUNGSTEN PROJECT NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 11
Slide 12: Tin for the future
Tin for the future Tin is an important part of the Fourth Industrial Revolution through solder which is the glue that connects everything that is electronic; Tin is technically diverse and hence is also an important part of the Green Industrial Revolution as this is led by technology as the worl
Slide 13: Today’s and Tomorrow’s Applications for Tin
Today’s and Tomorrow’s Applications for Tin SOLDER MARKET TECHNOLOGY DRIVERS: Electronics miniaturization impact fading, Lead-free conversion has resumed. 5G TO LEAD THE NEW ELECTRONICS ERA: 5G to be the platform for connected future, Two phases of infrastructure build, Real market boo
Slide 14: Could a lack of ESG compliant tin supply affect the pace of energy transition?
“Could a lack of ESG compliant tin supply affect the pace of energy transition?” – Wood Mackenzie NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 14
Slide 15: Tungsten Ore in Mount Lindsay Drill Core
Tungsten Ore in Mount Lindsay Drill Core * Tungsten in Core Results for ML070 which returned a drill intersection of 12 metres @ 1.69%WO3 from 105 metres. Refer to ASX announcement 14 February 2008. NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 15
Slide 16: Tungsten: A Critical Mineral
Tungsten: A Critical Mineral Tungsten is ranked by the British Geological Surveys, US Department of Defence, the European Commission, Japan, Russia and Australia as a 'critical' mineral: • Due to its economic importance, • Supply risk – dominance of China in the market, • Inability to be substitut
Slide 17: EV Metal and Critical Minerals Demand, time to re-assess Mount Lindsay
EV Metal and Critical Minerals Demand, time to re-assess Mount Lindsay EV Metal and Critical Minerals 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 wor
Slide 18: Mount Lindsay Highlights
Mount Lindsay Highlights Approximately 83,000m of diamond core drilling has been completed on the project by Venture most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; Feasibility Study completed with comprehensive metallurgical test-
Slide 19: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets *Source: MLX ASX Announcement 7 June 2021 NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 19
Slide 20: New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine
New Tin Drilling Discovers Large Mineralised Skarn along strike from Renison Bell Tin Mine NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 20
Slide 21: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021
Slide 22: Chalice to earn-in on Julimar lookalike in the South West Project
Chalice to earn-in on Julimar lookalike in the South West Project Chalice Mining (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; Chalice
Slide 23: Chalice kick off JV work on ‘Julimar lookalike’ target
Chalice kick off JV work on ‘Julimar lookalike’ target Chalice has commenced a ground EM program on Venture’s South West Ni-Cu-PGE Project over selected areas of the ‘Julimar lookalike’ magnetic anomaly (Thor Target) as part of the first stage of the JV earn-in; Chalice to then follow-up resulta
Slide 24: 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 * Refer Chalice Gold Mines ASX announcement 21st July 2020 NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 24
Slide 25: Chalice’s Julimar and Venture’s South West Projects also have EM anomalies of a similar scale
Chalice’s Julimar and Venture’s South West Projects also have EM anomalies of a similar scale * Refer Chalice Gold Mines ASX announcement 22nd September 2020 NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021 Page 25
Slide 26: Chalice delivers early success from ground EM on ‘Julimar lookalike’ target
Chalice delivers early success from ground EM on ‘Julimar lookalike’ target Chalice has generated new EM anomalies from the early stages of the ground EM program on Venture’s South West Nickel-Copper-PGE Project. Chalice’s geophysical survey is part of the first stage of the JV earn-in focused on
Slide 27: Chalice’s ground EM conductor models on aeromagnetics over the Thor Target
Chalice’s ground EM conductor models on aeromagnetics over the Thor “Julimar lookalike” Target Massive Sulfides in TOR05 from drilling at the Thor “Julimar lookalike” Target intersected 2.4m of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium. NEW WORL
Slide 28: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021
Slide 29: Venture doubles Nickel-Copper-PGE landholding at Kulin
Venture doubles Nickel-Copper-PGE landholding at Kulin to bolster Ni-Cu-PGE portfolio Venture has significantly expanded its Ni-Cu-PGE portfolio through the recent acquisition of highly prospective tenure at the Company’s Kulin Project. The acquisition sees the Company effectively double its Ni-Cu
Slide 30: Secured two highly prospective mafic-ultramafic intrusive complexes
Secured two highly prospective, 20 kilometre long interpreted mafic-ultramafic intrusive complexes The southern 20km long Ni-Cu-PGE target is defined by aeromagnetic anomalies and coincidental +500ppm Cr surface samples, combined with several surface samples assaying over 30ppb Pt+Pd) (peak of 60p
Slide 31: Kulin – Gold Potential
Kulin – Gold Potential 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 largest gold producer), Edna
Slide 32: Substantial Gold in Trench Results at Kulin confirmed by maiden drilling intersection
Substantial Gold in Trench Results at Kulin confirmed by significant maiden drilling intersection Trenching program over some of the high order gold in soil anomalies at Kulin, delivered substantial mineralised intervals of up to 31 metres at 1.0g/t gold (Au) from KUT02 and 20 metres @ 0.6g/t Au f
Slide 33: 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 Chalice JV Thor & Odin Ni-Cu-PGE Kulin Project Au & Ni-Cu-PGE NEW WORLD METALS CONFERENCE PRESENTATION | 9 SEPTEMBER 2021
Slide 34: Initial Exploration Identified Four VMS Prospects
Initial Exploration Identified Four VMS Prospects Vulcan Prospect: Rock chips - 23% Cu, 3.3g/t Au Gossan mapped at surface Vulcan West Prospect: VMS style mineralisation in historic drilling Vulcan North Prospect: Large VMS soil anomaly Ex sulfides mapped at surface Neptune Prospect: Anomalo
Slide 35: Moving Loop EM Survey identifies several new stronger conductors for drill testing
Moving Loop EM Survey identifies several new stronger conductors for drill testing Venture has confirmed that a large (>800m long, 600m down dip) EM Diamond drilling to conductor at Orcus hosts significant target new high VMS mineralisation; intensity EM plates Moving Loop Electromagnetic (MLEM)
Slide 36: Conclusions
Conclusions Exciting phase for the Venture as it moves from explorer to producer with first shipment from Riley; The advanced Mount Lindsay Tin-Tungsten Project is well positioned to the EV Metal and Critical Minerals markets as Tin approaches record price levels; Chalice delivers success from
Slide 37: Thank You
THANK YOU ASX : VMS