Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Asia Pacific Down Under Conference 2006
24 slides from Vault Minerals's conference presentation, Sep 26, 2006
Slide 1: Company presentation - Asia Pacific Down Under Conference, Perth
RED 5 Limited ASX Shareholders Report inquiries regarding this report and company business may be directed to: Greg Edwards Managing Director or Lance Govey Exploration Director Red 5 Limited is a publicly listed company on the ASX-ticker symbol RED. The Board strategy is to focus on the development
Slide 2: Siana Gold Project, Surigao del Norte, Philippines
RED 5 Limited ASX Code: RED Siana Gold Project Surigao del Norte Philippines
Slide 3: RED 5 - The Company
RED 5 - The Company Ownership — - Mathews Capital = 19.5% _- AngloGold Ashanti Australia 14.1% -- Directors EES SS 9.0% ~- No. of shareholders OR . 1,450 oe _.and monthly turnover 12 million shares
Slide 4: Location
Location — Surigao del Norte, northern Mindanao (Christian dominated) Interest — 90 percent beneficial, Kan local JV partner — Saat Title | — Mineral Production. Sharing Agreement Mining history: — 1935 to 1960 (u/g) and 1980 to 1990 (o/c) ...Red 5 in the Philippines since January 2002
Slide 5: Market Capitalisation (20 Sept 2006)
‘Market Capitalisation (20 sept. 2006) - Shares (269M at 12.5) less = ee - Balance sheet net cash. - JV minimum spend Siana MPSA enterprise value /.US$19 per attributable JORC resource ounce Siana — valuation metrics A$M 33.5 : 28 4.4- 26.3 —
Slide 6: Project parameters
Project parameters Bankable feasibility study — Stage 1 > Initial deepening of pit by 80 metres, = perimeter borehole and | in-pit dewatering system > Approx. 0.8 million toa gravity and CIL plant — | > Grid. power with 2MW.back- -up power station > Accommodation for 130, > All weather access road (
Slide 7: Planned Siana site layout
ite layout lanned s lana p S
Slide 8: Development schedule targets
Development schedule targets > Bankable feasibility completion next month > Financing arrangements by December 2006 > Dewatering commissioned March 2007 > Open pit pre-strip commences May 2007 > Plant construction commences July 2007 : -.41 first gold pour June 2008
Slide 9: Long lead time items secured
Long lead time items secured > Ball mill — Cebu >Rolls crusher - Perth
Slide 10: Bankable feasibility status
Bankable feasibility status Mine plan optimisation > Geotechnical review (Mining One) » Mine design (RSG Global) . _» Process design (Intermet Engineers) >» TRS design (Golders) . - > Environmental permitting (BMP) : Project up-side (not in study) » Underground target testing (SMDD105 to 107) > Meta
Slide 11: Siana drilling photo
Slide 12: Siana in-pit geology
Siana in-pit geology $B, 4a A?
Slide 13: Siana Main Zone drill results
Siana Main Zone drill results 69m @-5.6 git Au 24m @ 3.6 git Au 7.4m @ 3.9 git A 6m @ 4.2 gif Au m @ 3.9 git Au a 41m @ 5.0 git Au Completed Oriihole Drilled wast to. east Completed Drillhole Drilled east to west * @ WSR No Significant Result |
Slide 14: Siana PFS pit
Siana PFS pi | Siana current open pit (green)
Slide 15: Resource estimate
Resource estimate at 1.00 g/t cut-off Resource Category ounces Indicated - Main Zone 0 | 655,300 - East-Zone . ‘ 228,000 Inferred -MainZone | 1.47 | 4. ~ 214,400 - East Zone . . 80,800 Total Resource os . 5 | 4,179,000 «as at April 2006 ; + excludes 3.1Mt of ‘tailings, low-grade stockpiles. ~and int
Slide 16: Potential below the pit
Potential below the pit 6m @ 1.7 git Au Milde 12m @ 1.3 git Au | t2m @ 1.6 git Au QZ Basall/Breccia , a intercepts shown at Carbonates Feldspar Porphyry 0.5 git Au cut-off
Slide 17: Longitudinal projection
tudinal projection wn re] | re] Oo =} a S8100mN «4 S828 eb] SMD0106 19m @.8.8 git Au Major Target) SMOD 107 : GM PROGRESS)
Slide 18: AngloGold Ashanti strategic alliance/joint ventures
AngloGold Ashanti Strategic alliance/joint ventures > Three designated areas (Madja copper-gold — ~ porphyry, Mapawa and Outer Siana targets) > US$1.5 million for no interest (Red 5 manager) > US$4 million for 65% interest (of Red 5 interest) > plus US$5 million for 75% (of Red 5 interest) ~,...Subj
Slide 19: AngloGold JV rights exercised
AngloGold JV rights exercised T A Mapawa Outer Siana :
Slide 20: Outer Siana JV targets
Outer Siana JV targets SIANA OPEN P!
Slide 21: Mapawa JV targets
Mapawa JV targets a
Slide 22: Alegria - Madja targets
Alegria - Madja targets
Slide 23: Summary
Summary _ Bankable-feasibility study - > targeting a: development decision December 2006 ~~ preliminary discussions with banks commenced Drilling below the pit on-going ~ Ang loGold Ashanti strategic alliance — - two exploration - JVs imminent (minimum US$3M for no interest)” : Copper-gold porphyry
Slide 24: Competent Persons Statement
Competent Persons Statement The information in this Public Report that relates to Exploration: Results, Mineral Resources or-Ore Reserves is based.on, and accurately reflects, information.compiled by Mr..A L Govey and~ Mr. GC Edwards who.are full-time employees of Red 5 Limited and who are Members o