Vast Resources plc · LSE:VAST
Vast Resources — Q3 2017 Earnings Presentation
14 slides from Vast Resources's earnings presentation, October 2017
Slide 1: Delivering a Record Quarter
D ELIVERING A RECORD Q UARTER Q UA R T E R LY P R O D U C T I O N R E P O R T / Q 3 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 ▪ On track for enhanced production profiles due to optimisation and expansion initiatives in Romania and Zimbabwe ▪ Objective to become a mid-tier multi-commodity mining company Chief Executive Offic
Slide 4: Share Analysis
SHARE ANALYSIS SHARE PRICE KEY SHAREHOLDERS 0.7 Hargreaves - 11.76% 0.6 Halifax - 8.34% 0.5 TD Waterhouse - 6.32% 0.4 Barclays - 5.99% 0.3 Sapi River - 4.96% St Anne’s - 3.86% 0.2 Directors - 2.2% 0.1 Others - 58.21% 0 MARKET CAPITALISATION 30,000,000.00 700,000,000 VOLUME 25,000,000.00 600,000,000
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 (100%
Slide 6: Quarterly Production Dashboard: Manaila
QUARTERLY PRODUCTION DASHBOARD MANAILA HEADLINE FIGURES “In respect of volume related metrics, Q3 2017 reflects an exceptional performance. This result is unsurpassed since commissioning of the mine by Vast” – Quarterly Production Report 46% 31% 25% 40,462 dry tonnes of ore mined 1,082 118 dry tonne
Slide 7: Manaila Polymetallic Mine Romania
MANAILA POLYMETALLIC MINE ROMANIA 45,000 45,000 40,462 dry tonnes 39,135 dry tonnes 40,000 40,000 Ore mined (tonnes) 35,000 35,000 Ore milled (tonnes) 30,000 30,000 25,000 25,000 20,000 20,000 15,000 15,000 10,000 10,000 5,000 5,000 0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q2 2016 Q3 2016
Slide 8: Manaila Development
MANAILA DEVELOPMENT • 18-hole drill programme for 2,200 metres completed at the Carlibaba prospect located adjacent to the current Manaila open pit • Results from first phase of 1,000 metre drilling programme at Carlibaba confirmed the mineralised zones and geological structures as expected • Assaye
Slide 9: Baita Plai & Faneata
BAITA PLAI & FANEATA The Company has an 80% interest in the Baita Plai mine, which has 60 years worth of infrastructure and investment POTENTIAL DEVELOPMENT AT FANEATA TAILINGS DAM: ▪ In the process of being granted association licence for ▪ Comprising 40 years' worth of material collected from the
Slide 10: Zimbabwe
ZIMBABWE • Exceptional mineralised terrane • High value brownfield assets • Established mining infrastructure • Skilled workforce PICKSTONE-PEERLESS GOLD MINE (25% INTEREST) SULPHIDE DEVELOPMENT: • Mineral Reserve: 1.0Moz (@ 1.9g/t Au) • Mineral Resource: 3.2Moz (@ 1.6g/t Au), inclusive of reserve ▪
Slide 11: Quarterly Production Dashboard: Pickstone-Peerless
QUARTERLY PRODUCTION DASHBOARD PICKSTONE-PEERLESS HEADLINE FIGURES “Ore mined and milled at Pickstone-Peerless rose in the quarter to their highest levels since the June 2016 quarter. Operations are being managed at maximum milling capacity ahead commissioning the new sulphide plant.” - Quarterly Pr
Slide 12: Pickstone-Peerless Gold Mine Zimbabwe
PICKSTONE -PEERLESS GOLD MINE ZIMBABWE 80,000 90,000 70,000 68,431 tonnes 80,000 71,553 tonnes Ore milled (tonnes) 70,000 60,000 Ore mined (tonnes) 60,000 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,000 0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q2 2016 Q3 2016 Q4 2016
Slide 13: Pickstone-Peerless Development
PICKSTONE -PEERLESS DEVELOPMENT • Construction of sulphide plant progressing – expected to be completed by the end of December 2017 • Significant increase in installed primary milling capacity anticipated once sulphide plant is commissioned to 35,000 tonnes per month from the current ~22,800 tonnes
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