Vital Metals Ltd · ASX:VML
Vital Metals — Shareholder Meeting (November 2012)
15 slides from Vital Metals's shareholder meeting presentation, Nov 20, 2012
Slide 1: Annual General Meeting 2012
Vital Metals Ltd For personal use only Annual General Meeting 2012
Slide 2: Forward-looking & Competent Person Statement
Forward-looking & Competent Person Statement For personal use only Disclaimer: Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forwar
Slide 3: Latest News for Watershed DFS
Latest News for Watershed DFS For personal use only Final Whole of Ore JOMGEC funding (WOO) flotation results brought forward 65.5 $900,000 to complete 84% % spend of $5.3M by 31 Concentrate Net Recovery March 2013 Grade WO3
Slide 4: Tungsten is Vital for our Modern World
Tungsten is Vital for our Modern World For personal use only Hardmetals matter: – Exploration – Machining – Defence Hardmetals 60% Steel Alloys 22% Mill Products 10% Other 8%
Slide 5: Japan Needs a New Source of Tungsten
Japan Needs a New Source of Tungsten For personal use only 85% of Japan’s tungsten comes from China 15% China Other 85%
Slide 6: JOGMEC Seeks a Stable Supply of Natural Resources for Japan
JOGMEC Seeks a Stable Supply of Natural Resources for Japan For personal use only DFS Earning 30% interest for Vital JOMGEC $5.4M spend Can assign their interest to Japanese Corporation Watershed Project Have acted as bank Japan Vital Corp guarantor to Japanese Corporations JOGMEC
Slide 7: Watershed Resource Model
Watershed Resource Model For personal use only Robust independent mineral resource estimate Classified and reported using JORC Code and Guidelines.
Slide 8: Exceptional Exploration Upside
Exceptional Exploration Upside For personal use only Watershed open at depth Drill ready targets on surface Large tenement package
Slide 9: Finish Line is in Sight
Finish Line is in Sight For personal use only Watershed’s value will soon be known: – Reviewing engineering designs – Finalise processing flowsheet – Pit optimisation studies – Financial modelling
Slide 10: Approvals Expected by June 2013
Approvals Expected by June 2013 For personal use only EM Plan being updated Next steps: – Environmental Authority – Plan of Operations ILUA expected to be registered in H1 2013 Mining leases granted on finalisation of these steps
Slide 11: Burkina Faso Gold Project
Burkina Faso Gold Project For personal use only Significant gold exploration potential within tenement package RC drilling has intersected high grade gold mineralisation Company is reviewing ways to further exploration and unlock value All results reported previously 25/5/2010, 24/3/2011, 9/6/2011,
Slide 12: Burkina Faso Gold Project
Burkina Faso Gold Project For personal use only Over 3km of strike length at Kollo gold Project Significant areas remain untested along tend of mineralisation All results reported previously 25/5/2010, 24/3/2011, 9/6/2011, 3/8/2011, 30/1/2012, 20/2/2012, 29/3/2012
Slide 13: Burkina Faso Gold Project: Selection of drill results
Burkina Faso Gold Project For personal use only Selection of drill results • 5m @ 60.36 g/t gold from 75m • 18m at 2.95 g/t gold from 37m • 4m at 18.71 g/t gold from 76m • 44m at 6.39 g/t gold from 8m • 15m at 7.78 g/t gold from 105m Open along strike and at depth, further work needed to test the li
Slide 14: Our Goal is Production by 2014
Our Goal is Production by 2014 For personal use only DFS completed by Q1 2013 Project approvals by H1 2013 Lock in off-take and project finance 2012 2013 2014 Watershed Project Development Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DFS 1 1 0 0 0 0 0 0 0 Project Approvals 1 1 1 0 0 0 0 0 0 Funding 0 1 1 0 0 0 0 0 0
Slide 15: Thank You!
Thank You! For personal use only Want to know more about Vital? www:vitalmetals.com.au T: +61 8 9388 7742 ASX:VML