Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Shareholder Meeting (November 2014)
27 slides from Vault Minerals's shareholder meeting presentation, Nov 20, 2014
Slide 1: Siana Gold Project Update - Annual General Meeting
Red 5 Limited For personal use only * IFRIC 20 Standard and includes royalties (2%) and SDMP and EPEP commitments (4%) Siana Gold Project Update Annual General Meeting 20 November 2014 RED 5 Li m i t ed
Slide 2: Geographical Project Location
Geographical Project Location For personal use only RED 5 Li m i t ed Slide 2
Slide 3: Red 5 at a glance
Red 5 at a glance For personal use only RED – ASX: (Share price at 19 November 2014) A$0.09 Issued shares 759 m Market capitalisation $68 m Cash (at 19 November 2014) $21.6 m Secured Debt & Hedging nil Substantial shareholders • Baker Steel Capital Managers LLP 19.9% • Franklin Resources
Slide 4: Recent activities
Recent activities For personal use only Philippines Mines and Geosciences Bureau (MGB) placed a Cease and Desist Order (CDO) over milling operations at Siana Gold Project in June 2013 Entered into Care and Maintenance mid 2013 Worked with Knight Piésold Consulting to engineer and design a suit
Slide 5: Recent activities
Recent activities For personal use only Specifically the CDO shall be lifted as soon as the following measures have been completed: 1. Construction of a new High Density Poly Ethylene (HDPE) lined tailing storage facility for additional storage capacity and strength; 2. Installation of a thickener
Slide 6: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 6
Slide 7: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only Estimated 80% complete 216,000 m3 placed in the embankment and other structures 32,000 m3 to go 100% of HDPE liner on site (80,000 m2) 55% of the HDPE liner installed to date Expected to receive sign off
Slide 8: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 8
Slide 9: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 9
Slide 10: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 10
Slide 11: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 11
Slide 12: 1. Construction of HDPE lined tailings storage facility (TSF)
1. Construction of HDPE lined tailings storage facility (TSF) For personal use only RED 5 Li m i t ed Slide 12
Slide 13: 2. Installation of a thickener and cement mixing facility
2. Installation of a thickener and cement mixing facility For personal use only Thickener installation, pre-commissioning, dry-commissioning and wet commissioning completed and ready for final commissioning Installation and pre-commissioning inspections were carried out and signed- off by Outote
Slide 14: 2. Installation of a thickener and cement mixing facility
2. Installation of a thickener and cement mixing facility For personal use only RED 5 Li m i t ed Slide 14
Slide 15: 2. Installation of a thickener and cement mixing facility
2. Installation of a thickener and cement mixing facility For personal use only RED 5 Li m i t ed Slide 15
Slide 16: 2. Installation of a thickener and cement mixing facility
2. Installation of a thickener and cement mixing facility For personal use only RED 5 Li m i t ed Slide 16
Slide 17: 2. Installation of a thickener and cement mixing facility
2. Installation of a thickener and cement mixing facility For personal use only RED 5 Li m i t ed Slide 17
Slide 18: 3. Make the necessary modifications to existing tailings storage facilities
3. Make the necessary modifications to existing tailings storage facilities For personal use only Sign off received from Knight Piésold confirming that construction was accomplished to the approved design and technical standard and that facilities can be used for tailings storage on recommissionin
Slide 19: 3. Make the necessary modifications to existing tailings storage facilities
3. Make the necessary modifications to existing tailings storage facilities For personal use only RED 5 Li m i t ed Slide 19
Slide 20: 3. Make the necessary modifications to existing tailings storage facilities
3. Make the necessary modifications to existing tailings storage facilities For personal use only RED 5 Li m i t ed Slide 20
Slide 21: 3. Make the necessary modifications to existing tailings storage facilities
3. Make the necessary modifications to existing tailings storage facilities For personal use only RED 5 Li m i t ed Slide 21
Slide 22: Restart of mining activities
Restart of mining activities For personal use only Mining activities re commenced in June 2014; since then • total material movement is approximately 885,000 BCM, of which 590,000 BCM is ex pit • majority has been used for TSF construction, with the balance used for the RoM Pad expansion and deliv
Slide 23: Rehabilitation of process plant
Rehabilitation of process plant For personal use only Commencing June 2014, an extensive systematic process has been undertaken to inspect and rehabilitate all the mechanical, electrical and process equipment for the Siana Process Plant A detailed works-to-do list of over nine hundred activities
Slide 24: Status of dewatering and depressurizing wells - phase I
Status of dewatering and de pressurizing wells – phase I For personal use only 5 from 8 wells operational, 2 more expected to be operational EOM Dec 2014 Pump install before EOM Dec ‘14 Pump install before EOM Dec ‘14 Operating Well construction issue - TBD Operating 3 LST wells operating RED 5 Li
Slide 25: Power supply upgrade
Power supply upgrade For personal use only The Siana Gold Project was connected to the external grid mains power in June 2014 and is no longer reliant on the site-generated power To date the external grid mains power has largely remained stable Installation of a fourth 2 MW generator will be c
Slide 26: Next steps
Next steps … For personal use only HDPE TSF sign off by Knight Piésold – by end November 2014 Siana site inspection by Philippine Regulators expected by end December 2014. Thereafter the evaluation and approval process will commence Lifting of Cease and Desist Order – expected Q1 2015 Recomm
Slide 27: Contact details
Contact details For personal use only Australia Philippines Red 5 Limited Greenstone Resources Corporation Level 2, Level 5, 35 Ventnor Avenue NOL Tower, Commerce Ave West Perth Muntinlupa City Western Australia Manila 6005 1770 Ph: + 61 8 9322 4455 Ph: + 63 2 807 2790 Mark Williams (Manag