Vault Minerals Limited · ASX:VAU
Vault Minerals — Red 5 — Shareholder Meeting (November 2019)
23 slides from Vault Minerals's shareholder meeting presentation, Nov 20, 2019
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 20 November 2019 ASX Code: RED Mark Williams, Managing Director
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High-Grade Drilling Results Confirm Potential for Resource Extens
Slide 3: FY2019: A great year of achievement
FY2019: A great year of achievement For personal use only 1. Gold production of 102,012oz from Darlot and KOTH, with the Darlot processing plant operating at a steady-state rate of ~1.0Mtpa in the latter part of the reporting period 2. Significant bulk mining opportunity emerging at KOTH, with drill
Slide 4: Red Limited – corporate profile
Red 5 Limited – corporate profile 0.45 40M For personal use only 0.4 35M Turnover in shares/day 0.35 0.3 30M Our Company Vision Share Price 25M 0.25 “To be a successful multi-operational exploration 20M 0.2 and mining company, providing benefits to all 0.15 15M stakeholders, through the consistent a
Slide 5: Red growth pathway and optionality
Red 5 growth pathway and optionality For personal use only Acquired Darlot & King of the Hills Ongoing mining and processing operations at Darlot Darlot Reserve Darlot Reserve Darlot Reserve (131koz) (307koz) (TBA) 2017 2018 2019 2020 KOTH Resource Siana operations KOTH (3.1Moz) suspended Resource K
Slide 6: Pathway to be a multi-asset, mid-tier gold producer
Pathway to be a multi-asset, mid-tier gold producer For personal use only KING OF DARLOT THE HILLS STRONGER FY 2019/2020 Australia’s next BALANCE 110-120kozpa production premier gold SHEET project Successful integration of two Open Pit Reserve of ~1.5Moz Cash/bullion A$40.1M at Sept 2019 “unlo
Slide 7: Strong leadership team with operating expertise
Strong leadership team with operating expertise For personal use only Red 5 has a strong and capable team, with many years of mining and development experience at both Red 5 and in prior multi-billion international development projects – well placed to deliver the future KOTH development Board Manag
Slide 8: Darlot – operating asset
For personal use only Darlot – operating asset 8
Slide 9: Eastern Goldfields operations
Eastern Goldfields operations For personal use only FY2019 production of 102,012oz at AISC of A$1,601/oz FY2020 guidance of 110‐120koz at an AISC of A$1,350 – A$1,500/oz Sept 2019 Quarter production 28,649oz at AISC of A$1,476/oz Dec 2019 Quarter guidance 26,000 - 30,000oz at AISC of A$1,400
Slide 10: Darlot opportunity to extend LOM
Darlot opportunity to extend LOM For personal use only Significant endowment (30 June 2019)1 Reserve 1.7Mt @ 3.7g/t for 201koz (complemented by KOTH trucked ore) Resource 7.4Mt @ 4.4g/t for 1041Koz Optimising what we have Extension of existing resources, including identification of mineable re
Slide 11: King of the Hills – unlocking value for shareholders
For personal use only King of the Hills – unlocking value for shareholders 11
Slide 12: KOTH – potential to be a major Australian gold mine
KOTH – potential to be a major Australian gold mine For personal use only 12
Slide 13: KOTH - open pit Reserve 1.45Moz
KOTH - open pit Reserve 1.45Moz For personal use only Gold Contained JORC 2012 Cut-off Mining Tonnes Deposit Grade Gold Classification (g/t) Method (Mt) (g/t) (koz) King of the Hills Probable 0.43 Open pit 36.0 1.25 1,448.0 Rainbow Probable 0.37 Open pit 1.4 1.00 44.2 TOTAL 37.4 1.24 1,492.2 KOTH
Slide 14: KOTH - Reserve will continue to grow
KOTH - Reserve will continue to grow For personal use only Total Open Pit & Underground KOTH Resource as at May 2019 Cut-off Mining Tonnes Gold Contained Gold 65% increase in Resource Classification since 4 December 2018 (g/t) Method (000t) (g/t) (000oz) Indicated 0.4-1.0 OP+UG 53,100 1.4 2,350
Slide 15: KOTH - mineralisation open in all directions
KOTH - mineralisation open in all directions For personal use only The endowment under the north pit is 5,000oz/vm, and under the south pit 6,000oz/vm If the south endowment keeps going, the combined endowment would potentially be 11,000oz/vm Drilling north along the contact returned full length of
Slide 16: KOTH - Positive metrics for bulk open pit
KOTH - Positive metrics for bulk open pit For personal use only KOTH Rainbow Photo Total Open pit Open pit LOM Waste movement (Mt) 222.4 6.1 228.4 LOM Ore Mined (Mt) 36 1.4 37.4 Average grade gold (g/t) 1.25 1 1.24 Contained Gold (Moz) 1.45 0.04 1.49 Recovery (%) 92.8 92.0 92.8 Recovered Gold (Moz)
Slide 17: KOTH - 4Mtpa Process plant + infrastructure $194M
KOTH - 4Mtpa Process plant + infrastructure $194M For personal use only A$M 4 Mtpa Process plant 92 Infrastructure 31 Tailings storage facilities 3 Construction indirect costs (equipment and mobilisation) 14 Contractors engineering, procurement and construction management 21 Owners Costs (non-mining
Slide 18: First two elements of KOTH Bulk Project in place
First two elements of KOTH Bulk Project in place For personal use only Next steps… KOTH u/g: Satellite open Underground drill program to deliver 1.1Moz pits: 44koz underground Ore Reserve Resource Reserve so far Regional surface drilling program to deliver additional satellite open pit Reserves
Slide 19: FY2020 drill program - 120,000 metres
FY2020 drill program - 120,000 metres KOTH Underground Resource development & grade control: For personal use only two underground diamond drill rigs +85,000 metres KOTH Regional Resource development: one surface reverse circulation drill rig +25,000 metres Darlot Underground Resource developm
Slide 20: KOTH - future development to explore along contact
KOTH - future development to explore along contact For personal use only Exploration aimed at increasing the Resource in total tonnage and potentially grade Granodiorite/ultramafic contact zone extends almost 12km around the granodiorite, with the potential to host gold mineralisation outside of
Slide 21: Siana Gold Project, Philippines
Siana Gold Project, Philippines For personal use only Red 5’s Philippine affiliated company, Greenstone Resources has received government approval to construct and operate a new Tailings Storage Facility Previous delays in receiving this approvals resulted in the decision to suspend Siana mining
Slide 22: Red summary - new mines, not old mines
Red 5 summary - new mines, not old mines For personal use only Commanding 365km2 footprint in the highly-endowed Leonora-Leinster gold district – Darlot, King of the Hills and Ockerburry Hill Exclusive option to acquire tenement M37/54, incl. 62koz Great Western gold deposit (80km from Darlot) –
Slide 23: Thank-you
For personal use only Thank-you 23 ASX Code: RED