Venus Metals Corporation Limited · ASX:VMC
Venus Metals — Venus Resources — Shareholder Meeting (November 2009)
20 slides from Venus Metals's shareholder meeting presentation, November 2009
Slide 1: Venus Annual General Meeting November 2009
VENUS RESOURCES LIMITED VENUS ANNUAL GENERAL MEETING NOVEMBER 2009
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Venus Resources Limited (ABN 99 123 250 582 ) (“VNS”) based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclu
Slide 3: Exploration Projects 2009
EXPLORATION PROJECTS 2009 •Twenty one multi-commodity exploration projects within Western Australia (iron ore, precious/base metals, diamonds, uranium, lithium). •Yalgoo (iron ore) & Argyle North (diamonds, uranium) projects have the only granted tenements. •Twelve pending projects with orogenic bel
Slide 4: Venus exploration strategy
Venus exploration strategy • Short term exploration focus on the Yalgoo iron project located within the emerging Murchison Mid West iron ore province. • Longer term focus is to discover word-class deposits within concealed parts of Lower Proterozoic orogenic belts which host the majority of Australi
Slide 5: Yalgoo Iron Ore Project
YALGOO IRON ORE PROJECT OAKAJEE Proposed port VENUS SINOSTEEL ANSTEEL MINMETALS Existing rail Proposed rail Sealed highway
Slide 6: Yalgoo Iron Ore Project
YALGOO IRON ORE PROJECT • The Murchison Mid West is an emerging Chinese iron ore investment province. • Three iron ore operating mines (Jack Hills, Tallering Peak & Koolanooka). • Many proposed mines (e.g. Weld Range, Karara, Extension Hill). • Yalgoo is close to an abandoned rail easement. • Oakaje
Slide 7: Yalgoo Project
YALGOO PROJECT VENUS Iron ore / gold Golden OZ MINERALS MINMETALS Grove/Scuddles Base metals MINJAR Gold SINOSTEEL Iron ore ANSTEEL Magnetite/DSO GINDALBIE
Slide 8: Yalgoo Iron Ore Project
YALGOO IRON ORE PROJECT • High priority Joker DSO (goethite/hematite) iron ore target with potential of 5-40 Mt @ 58-62% Fe (ASX March 2009 Quarterly). • Rock chip assays up to 64.9% Fe, with an average grade of 59.3% Fe. • Joker iron enrichment zone outcrops poorly. • Width of mineralisation unknow
Slide 9: Yalgoo Project – Key Points
YALGOO PROJECT – KEY POINTS • Yalgoo project area covers a 20 km strike length of the Yalgoo greenstone belt. • The greenstone belt to the south of Yalgoo hosts the world-class Golden Grove base metal deposit, the Minjar gold deposits, and substantial DSO and magnetite iron ore deposits. • Yalgoo pr
Slide 10: Argyle North Super Project
ARGYLE NORTH SUPER PROJECT • The Halls Creek Orogen contains the giant Argyle diamond deposit (world’s biggest diamond deposit) • The Argyle North Super Project comprises five exploration projects, only one of which is granted (Argyle North). • Projects cover concealed diamond and uranium exploratio
Slide 11: Argyle North Project
ARGYLE NORTH PROJECT • Three discrete aeromagnetic high diamond targets present along the interpreted position of the Glenhill Fault. • All three diamond targets (Pomona, Juno, Cabbage Tree Creek) are concealed beneath cover. • Pomona drilled by Venus in 2008 with a single drillhole which returned h
Slide 12: Argyle Alluvial Diamond Project
ARGYLE ALLUVIAL DIAMOND PROJECT • Alluvial diamonds present in all historical ADM bulk samples taken from mapped “C Terrace” gravels. • ADM bulk sample site SC23 returned the highest result of 200 cpht (2 carats/tonne) from 5-6m depth. • Venus high priority target LSC-T1 assessed as having a diamond
Slide 13: Telfer North Super Project
TELFER NORTH SUPER PROJECT • Telfer North Super Project comprises six pending Exploration Licences and three project ((Wallal, Citadel, Mt Morris) north of the giant 27 Moz Telfer gold deposit. • Five high priority exploration targets identified by Venus within interpreted orogenic basement conceale
Slide 14: Tropicana East Super Project
TROPICANA EAST SUPER PROJECT • Tropicana gold deposit (>5 Moz) present within the Albany-Fraser Orogen • Tropicana East Super Project comprises five pending Exploration Licences and three projects (Moodini, Madura, Gatum Gatum Bore) covering gold, iron ore, copper and REE targets within concealed in
Slide 15: Murchison Calcrete Uranium Super Project
MURCHISON CALCRETE URANIUM SUPER PROJECT
Slide 16: Murchison Calcrete Uranium Projects
MURCHISON CALCRETE URANIUM PROJECTS • Murchison province contains the world-class Yeelirrie calcrete- hosted uranium deposit (52.5 Kt U3O8). • Poorly explored Northwest Murchison considered by Venus to have potential for uranium ore deposits within westerly draining paleodrainage channels. • Venus h
Slide 17: Wagin Lithium Brine Project
WAGIN LITHIUM BRINE PROJECT • Salt lakes host most of the world’s lithium resources • Wagin Lithium project area covers salt lakes down drainage of Lake Dumbeyung where Reward Minerals recently reported 530 ppm lithium in a composite brine sample.
Slide 18: Exploration Summary
EXPLORATION SUMMARY • Venus has two granted projects (Yalgoo & Argyle North), remainder are pending. • Yalgoo project has a DSO iron ore target potential of 5-40 Mt @ 58-62% Fe. • Eleven pending projects are targeting giant deposits within concealed parts of the Halls Creek, Paterson and Albany-Fras
Slide 19: Competent Person Declaration
COMPETENT PERSON DECLARATION The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Kerry Taylor, who is a Member of The Australian Institute of Geoscientists and is a part time employee of the Company. Mr Taylor h
Slide 20: Thank You
THANK YOU
Venus Resources — Shareholder Meeting (November 2009) on 6ix