Vault Minerals Limited · ASX:VAU
Vault Minerals — Q3 2024 Earnings Presentation
18 slides from Vault Minerals's earnings presentation, Apr 24, 2024
Slide 1: March 2024 Quarterly Results
rsonal use only March 2024 Quarterly Results Mark Williams (MD), Richard Hay (COO) David Coyne (CFO), Mat Collings (Corp Dev) www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person Statements for JORC Code (2012) Mineral Resource and Ore Reserves ● The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “Mineral Resourc
Slide 3: Red 5 asset overview
Red 5 asset overview Red 5’s assets comprise the King of the Hills (KOTH) Gold Mine, Darlot Gold Mine and a 3.25% net smelter royalty over the Siana Gold Mine KOTH Summary rsonal use only Mineral Resource5 4.5Moz 1H FY2024 Production6 108koz Ore Reserve5 2.5Moz Indicative Production2 >200koz p.a. Pr
Slide 4: March 2024 highlights
March 2024 highlights ● TRIFR continued to improve to 3.1 and the LITFR increased Quarterly 12-month TRIFR from zero (Dec Qtr) to 1.0 10.0 Fourth consecutive quarter over 50koz produced 9.0 rsonal use only ● 8.0 ● 50,132 oz of gold produced for Mar Quarter, at an AISC of 7.0 12-month TRIFR 6.0 $1,92
Slide 5: Proposed Red 5 / SLR Merger
Proposed Red 5 / SLR Merger1 ● Red 5 and SLR propose to merge via a SLR Scheme of Arrangement (Scheme) Creates a leading mid-tier gold company with rsonal use only ● combined FY24 production guidance of ~445koz2 ● Merged group will have sector leading net cash of A$486m3 and strong near-term cash ge
Slide 6: Mining performance for March 2024 Quarter
Mining performance for March 2024 Quarter ● KOTH open pit - strong ore tonnages despite rainfall Quarterly KOTH underground performance ● Strategic decision to bring forward Stage 2 cutback 2.50 300 2.09 1.93 rsonal use only ● KOTH underground - high grade Regal and West 250 1.70 1.79 2.00 stopes 20
Slide 7: Financial position at Mar 2024
Financial position at 31 Mar 2024 Cash & Other Liquid Assets Movement A$m ● Net debt2 position improved by $7m during Cash & other liquid assets1 – 31 Dec 2023 53.3 the Quarter to $42.5m at 31 Mar 2024 rsonal use only Sales receipts net of hedging 139.3 ● Cash and other liquid assets of $58.3m Opera
Slide 8: Standout value opportunity with steady-state operations
Standout value opportunity with steady-state operations ● Red 5 EV/Reserve relative to its peers 2,400 rsonal use only ● Valuation of WA based-gold Bellevue companies1 2,000 Bubble size = Enterprise Value EV / Reserve (A$/oz) ● 1,600 Ramelius ● Red 5 has rapidly closed the gap to peers in FY24 with
Slide 9: Thank you
rsonal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 investors@red5ltd.com www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 9
Slide 10: Appendices
rsonal use only Appendices www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 10
Slide 11: Red 5 Limited – Corporate profile
Red 5 Limited – Corporate profile 0.5 0.4 Our Company Vision “To be a successful multi-operational rsonal use only 0.3 exploration and mining company, providing benefits to all stakeholders, through the 0.2 consistent application of technical excellence, and responsible and sustainable industry 0.1
Slide 12: Leadership Team with strong mining expertise
Leadership Team with strong mining expertise Red 5 has a strong and capable Board and Executive team with many years of mining and development experience. rsonal use only Board Management team Mark Williams Mining Engineer with prior experience at Orica and Xstrata, including General Manager of US$6
Slide 13: KOTH geology is well understood - open in all directions
KOTH geology is well understood - open in all directions Jun-23 Mineral Resource1 Jun-23 Ore Reserve1 96.5Mt @ 1.4 g/t for 69.5Mt @ 1.1 g/t for rsonal use only 4.5Moz Au 2.5Moz Au ● Orebody in the contact zone of a substantial Granodiorite intrusion ● 4km long x 2km wide ● Historical understanding f
Slide 14: KOTH Mineral Resource of 4.5Moz
KOTH Mineral Resource of 4.5Moz1 Total Open Pit & Underground KOTH Resource as at June 2023 Cut-off Mining Gold Contained Gold Classification Tonnes (000t) rsonal use only (g/t) Method (g/t) (000oz) Measured 0.4-1.0 OP+UG 4,092 1.1 145 Indicated 0.4-1.0 OP+UG 67,559 1.5 3,286 Inferred 0.4-1.0 OP+UG
Slide 15: KOTH Ore Reserve of 2.5Moz
KOTH Ore Reserve of 2.5Moz1 Total KOTH Ore Reserves as at June 2023 Cut-off JORC 2012 Tonnes Gold Contained Gold Deposit Mining Method (g/t) Classification (Mt) (g/t) (Moz)2 rsonal use only KOTH Open pit 0.4 Proved 4.6 0.8 0.1 KOTH Open pit 0.4 Probable 54.2 1.2 2.0 KOTH Underground 1.4 Probable 2.5
Slide 16: Top Gold Deposits in Australia
Top 20 Gold Deposits in Australia Resources Reserves Mt g/t Moz Mt g/t Moz Cadia 3374 0.4 46.6 Cadia 1280 0.4 17.4 rsonal use only Golden Mile – KCGM 565 1.6 28.3 KCGM (100%) 286 1.3 12.2 Boddington 788 0.6 15.2 Boddington 525 0.6 10.6 Mallina Gold Project 278 1.3 11.7 Mallina Gold Project 121 1.5 6
Slide 17: Australian Top Gold Deposits
Australian Top 20 Gold Deposits1 Resources Reserves Resources Reserves Resources Reserves Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz Cadia Newcrest St Ives Goldfields Sunrise Dam AngloGold Ashanti Measured 32.0 0.30 0.3 Proven Measured 0.9 3.30 0.1 Proven 5.9 2.60 0.5 Measured
Slide 18: Thank you
rsonal use only THANK YOU Level 2, 35 Ventnor Avenue, West Perth, Western Australia 6005 Australia (61-8) 9322 4455 (61-8) 9481 5950 www.red5limited.com Our CORRE Values: Courage, Ownership, Respect, Reliability, Excellence Page: 18