Vital Metals Ltd · ASX:VML
Vital Metals — Investor Presentation (April 2010)
21 slides from Vital Metals's investor presentation, Apr 14, 2010
Slide 1: Vital Metals Ltd Update Presentation April 2010
Vital Metals Ltd For personal use only Update Presentation April 2010 Dr Howard W. Carr CEO / MD 1
Slide 2: Disclaimer
Disclaimer DISCLAIMER For personal use only 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 forward-looking statements. All statement
Slide 3: Corporate Overview
Corporate Overview • Shares on issue: 188m For personal use only • Share Price: A$0.082 Fund Raising Complete • Major Shareholders: Drilling Aragon Investment New CEO Commences Aragon Resources 13% Cons. Minerals 11% Stan MacDonald 6% • Top 20 Shareholders: 56% • Cash on hand: $2m • No Debt Market C
Slide 4: Directors & Management
Directors & Management • Board: For personal use only David Macoboy (Chairman) Financial Andrew Simpson (NED) Marketing Peter Cordin (NED) Engineering Paul Benson (NED) Mining • Management: Howard Carr (CEO MD) Geology; Project Sourcing, Development & Management; Intellectual Property Commercialisat
Slide 5: Capital Raising & Use of Funds
Capital Raising & Use of Funds • Feb 2009: 40m new shares @ $0.06 for $2.4m For personal use only • Payback $500k Convertible Note to Aragon (Aragon participated in placement) • Working Capital Total Cash Post-Raising: $2.17m (no debt) 2010 Exploration: A$0.85 – A$0.9m 2010 Corporate: A$0.85m Jan 20
Slide 6: The Vital Ingredients
The Vital Ingredients For personal use only • Doulnia Gold Project, Burkina Faso, West Africa • Birrimian Greenstones (cf. Yandal, Abitibi) • 479 sqkm licence area (>100 WA “ELA blocks”) • Widespread soil anomalies >250ppb Au, • Trenches; 10m @ 7.87g/t Au • Artisinal “ROM” vein material; 23.5g/t Au
Slide 7: Burkina Faso: The Next Gold Frontier
Burkina Faso: The Next Gold Frontier For personal use only • Presidential Democracy since 1990 • Rule of Law, Rising Standard of Living. • Transparent mining code based on WA Mines Act • 70,000 sqkm of Birrimian Greenstone Belts (BGB) • 87% of Au resource discovered since 2003 • All support services
Slide 8: Birrimian Gold: Many, New, Big Discoveries
Birrimian Gold For personal use only Many, New, Big Discoveries •2008 Birrimian Resource: >178Moz vs. Batie •Yilgarn (WA) West prod’n to 2008: 201Moz 8
Slide 9: VML: The Next African Gold Rush
VML: The Next African Gold Rush For personal use only Ampella’s Batie West: new, large, bulk tonne (low CapEx, OpEx), Birrimian Au discovery Ampella: 2nd best performance on ASX 2009 VML’s Farm-In (and cooperation) with Ampella allows for project fast- tracking Ampella’s share price chart $2.5 m for
Slide 10: Doulnia Snapshot
For personal use only Doulnia Snapshot • 1990’s Anglo-American Zn prospect • 14 drillholes; 164m @ 0.47% Zn • Artisinal Gold discovered 2008 Pannable Au-bearing Alteration Halo • Outcropping, multiple Au quartz veins & alteration halo Artisinal workings of high grade • Exploration Target*: 1-2 Moz,
Slide 11: Reasons to be Cheerful: Crustal Scale Structure
Reasons to be Cheerful 1. Crustal Scale Structure For personal use only Burkina Faso Gravity Map Bole GST Structure +150km Gravity Lineament within 1200 km Bole GST Belt >95% of +1Moz Gold Deposits are within 5km of a Crustal Scale Structure Doulnia Project Area 11
Slide 12: Reasons to be Cheerful: Key Geodynamic Criteria
Reasons to be Cheerful 2. All the Key Geodynamic Criteria For personal use only Geodynamic Summary of Yilgarn Gold Systems Doulnia Geodynamic Attributes • Back arc basin sequence (UNDP, BRGM, Anglo American) • Nearby Tarkwaian Conglomerates (Youga 35km E) • Eburnean Orogeny, within Bole Peak GST Bel
Slide 13: Reasons to be Cheerful: Multiple Ore Fluid Indicators
Reasons to be Cheerful 3. Multiple Ore Fluid Indicators For personal use only Tiebele Granite: interpreted ore-fluid 1240 000N source (or related to) Faults: ore-fluid “plumbing system” DTEM conductors: interpreted Carbonaceous 1230 000N Shales (Ashanti-Style ore- fluid reaction sites) Phase 1 Drill
Slide 14: Doulnia's Vital Structure
Doulnia’s Vital Structure For personal use only Outstanding Structural Foliation Fault Granite Gold Targets Greenstone 1. Untested NW structural corridor (eg Ashanti) 2. Untested BGB wrapping Tiebele Granite (eg Kanowna Belle, Sigma LaMarque) 3. Identified change of shear orientation (eg Batie West,
Slide 15: Kollo Prospect: High Grade Veins
Kollo Prospect: High Grade Veins • Dec 2009 discovery, 1km SW of Kollo South: < 0.75m wide NE trending Au- For personal use only quartz vein extension & repetitions • average over 50m artisinal material (~ROM): 23.5g/t Au NE trending sub- outcropping veins dollied average artisinal material (23.5g/t
Slide 16: Phase 1 Drill Programme
Phase 1 Drill Programme For personal use only Doulnia (Kollo Prospects) Outcropping Au-in soil anomaly map quartz veins •21 RC Drill holes ( ) •Planned total: 1730m • April 9th to 20th •Targetting ore-fluid indicators plus: • active artisinal workings • trenched veins • +250ppb soil anomalies • +5g/
Slide 17: 2010 Work Programme
2010 Work Programme Activity Time Status For personal use only 1. Soil sampling (redo Kollo) Feb-Mar In lab. Results pending 2. Trenching: (redo & extend Kollo) Feb-Mar In lab. Results pending 3. ASTER survey Mar Complete 3. Geological mapping Mar-June Underway 4. Aeromagnetic survey late Apr Contra
Slide 18: Good Corporate Citizens
Good Corporate Citizens For personal use only Burkina Faso: •GDP per capita: US$300 (128th) Doulnia, •Net Food importer Burkina Faso • limited modern agriculture Doulnia District: • Flat fertile loam •~950mm rainfall pa (>Margaret River) West Africa Rainfall Map • unrealised high biomass production
Slide 19: Tungsten Overview
For personal use only Tungsten Overview Tungsten Uses Spot Tungsten Prices (APT) CRU Prediction Actual 2008 2009 2010 2011 2012 2013 Tungsten vs Global GDP Global Tungsten Balance 2013 Tonnes of contained W market deficit: 4500t W 19
Slide 20: Watershed Tungsten Deposit
Watershed Tungsten Deposit 15.1Mt @ 0.46% WO3: 69300 t WO3 For personal use only (41% of O’Callaghan’s inferred resource & 158% of its grade) *JORC Code (2004) compliant • 50 000m drilling done for Indicated Resource* • Hunan Non-Ferrous Metal Corporation mission for mid 2010 PFS Issue Impact Action
Slide 21: "V" is for Vital
For personal use only “V” is for Vital 21