Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Astute Metals NL — Investor Presentation (August 2023)
21 slides from Venari Minerals Nl's investor presentation, Aug 24, 2023
Slide 1: Intelligence in critical metals exploration
For personal use only Intelligence In critical metals exploration Investor Presentation l August 2023
Slide 2: Disclaimer and Forward-Looking Statement
DISCLAIMER AND FORWARD-LOOKING STATEMENT IMPORTANT NOTICE & DISCLAIMER The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Astute Metals NL (‘Astute’ or ‘the Company’) and its objectives. Readers should make their own indepe
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Leadership TO DELIVER For personal use only • Exceptional lithium pedigree, with Executive Chairman Tony Leibowitz and NED John Young both playing a pivotal role in the foundation of Pilbara Minerals (ASX: PLS) • Supported by GM Exploration Matt Healy (17 years critical metals
Slide 4: Corporate Overview
CORPORATE OVERVIEW Share Price Key Financials For personal use only Share Price (@ 18.08.2023) $0.0421 Shares on Issue 369,246,305 Options Nil Loan Funded Shares 18,235,000 Market Cap (@ 18.08.2023) $15.51 m Cash (@ 30.06.2023) $3.24 m Enterprise Value $12.27 m Debt (@ 18.08.2023) Nil Top 20 Shareho
Slide 5: Board and Management
BOARD AND MANAGEMENT Tony Leibowitz Executive Chairman Vince Fayad Executive Director For personal use only Mr Leibowitz is a Fellow of the Institute of Chartered Mr Fayad has over 40 years’ experience in corporate Accountants, Australia with over 30-years corporate finance, finance, international M
Slide 6: The Lithium Clay Opportunity
THE LITHIUM CLAY OPPORTUNITY For personal use only VALUE-CREATION IN NEVADA Lithium-Ion Geology Jurisdiction With the highest charge-to- Nevada possesses the unique Ranked #1 in the 2022 Fraser weight ratio, lithium is the combination of widespread Institute Survey2, Nevada is premier battery metal
Slide 7: Nevada Lithium Clays
NEVADA LITHIUM LITHIUM CLAYS For personal use only Home to some of the largest lithium deposits in the world: • McDermitt – 21.5Mt Lithium Carbonate Equivalent (LCE) contained3 • Thacker Pass – 19Mt LCE3 • Tonopah Flats – 14.3Mt LCE3 • Cf. Pilgangoora – 4.8Mt Li2O/~11.8Mt LCE8 Strong economics: • Fo
Slide 8: Nevada Lithium Projects
NEVADA LITHIUM PROJECTS For personal use only Altair – outstanding start to maiden exploration program • First hole intersects two zones of significant lithium mineralisation • Mineralisation open at depth, with indications of increasing grade • 7.3km of strike to be tested in next two holes (Octobe
Slide 9: Polaris & Altair
Polaris clays highly anomalous for Lithium including: POLARIS & ALTAIR • PL02 ended in 1.52m @ 261ppm Li from 153.9m • PL04 ended in 3.05m @ 140.8ppm Li from 153.9m • PL01 intersected 68.6m @ 70.1ppm Li from 129.5m • Holes terminated in Siebert Formation claystone – For personal use only First hole
Slide 10: Governor Broome: De-risked High-Value Asset
GOVERNOR BROOME DE-RISKED HIGH-VALUE ASSET For personal use only Location Mineralogy Performance In the heart of the South West High-value quality-of-life Bulk testwork heavy mineral WA Mineral Sands district, commodities zircon and concentrate produced from within trucking distance to titanium mine
Slide 11: Governor Broome Mineral Sands
GOVERNOR BROOME MINERAL SANDS For personal use only Location • 95km from Busselton by road • 105km from Iluka Processing Plant – Capel • 135km from Doral Australia Processing Plants – Picton Scale • Indicated Mineral Resources of 79Mt @ 4.5% Heavy Minerals • Inferred Mineral Resources of 48Mt @ 4% H
Slide 12: Governor Broome Mineral Resource Estimate Update
GOVERNOR BROOME MINERAL SANDS For personal use only Mineral Resource Estimate (MRE) Update in Q4 • Incorporates in-fill drilling conducted in Q2 – category upgrade
Slide 13: High-Value Mineralogy
HIGH-VALUE MINERALOGY For personal use only HMC Assemblages: Zircon 4.4 - 10.5% Ilmenite 44 - 75% Sec. Ilmenite 3 - 8%* Leucoxene 2 - 14.5%* Rutile 1.2 - 4.5% Monazite 0.2 – 0.8%* *Leucoxene and Monazite not determined in mineral assemblage testwork for some Mineral Resource domains
Slide 14: Processing
Heavy Mineral Con. produced from Governor Broome PROCESSING and Jack Track using conventional WCP methods Marketable products separated from HMC using For personal use only conventional dry separation techniques including: • Premium ceramic Zircon from Governor Broome • Standard ceramic Zircon from
Slide 15: Georgina Basin: World-Class Potential in a New NT Mineral Province
GEORGINA BASIN WORLD-CLASS POTENTIAL IN A For personal use only NEW NT MINERAL PROVINCE Smart Exploration Geology Jurisdiction Optimising discovery by The Astute tenement package Ranked #6 in the 2022 Fraser leveraging over $40m of is highly prospective for Institute survey, the NT is investment by
Slide 16: Georgina Base Metals & Gold
GEORGINA (80%) ASX: GRV (20%) BASE METALS & GOLD For personal use only Location: • Between historic mining districts of Tennant Creek and Mount Isa • Ten granted tenements, three under application - 4,522km2 Favourable JV Terms: • 5 years to acquire GRV Interest and royalty for cash or shares • Gree
Slide 17: G.A. Prospectivity Mapping
G.A. PROSPECTIVITY MAPPING For personal use only Iron Oxide Copper Gold deposits e.g. Sediment-hosted base metal deposits e.g. Ernest Henry – 88.3Mt @ 1.28% Cu, 0.73g/t Au Century – 13.7Mt Zinc, 2Mt Lead 137Moz silver Carrapateena (SA) – 900Mt @ 0.56% Cu, 0.24g/t Au Mount Isa – 10.5Mt Zinc, 9Mt Lead
Slide 18: Drilling
DRILLING Rock Types • Leichhardt East and West holes intersected metamorphosed siltstones and sandstones • Interpreted to be equivalent to Warramunga For personal use only formation, the Tennant Creek IOCG host rocks Alteration Minerals • IOCG system alteration minerals observed in all holes – hemat
Slide 19: A Blue-Sky Investment Opportunity
A BLUE-SKY INVESTMENT OPPORTUNITY • Lithium strategy targeting large-scale lithium claystone discoveries – now delivering For personal use only • Largely de-risked Heavy Mineral Sands development project – moving to next stage of value-creation • World-class base metals discovery potential at Georgi
Slide 20: Footnotes and Previous Announcements; Competent Person Statements
Footnotes and Previous Announcements Competent Person Statements 1. https://www.fortunebusinessinsights.com/press-release/global-lithium-market-10289 The information in this report that relates to Nevada Lithium Exploration is in-part 2. https://www.fraserinstitute.org/studies/annual-survey-of-minin
Slide 21: Contacts
For personal use only Intelligence In critical metals exploration Contacts Tony Leibowitz Matt Healy Nicholas Read Executive Chairman GM Exploration Media & Investor Relations tleibowitz@astutemetals.com mhealy@astutemetals.com nicholas@readcorporate.com.au +61 (0) 410 687 910 +61 (0) 431 683 952 +6
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