Venus Metals Corporation Limited · ASX:VMC
Venus Metals — Venus Resources — 13th Quadrennial IAGOD Symposium, Adelaide 2010
34 slides from Venus Metals's conference presentation, April 2010
Slide 1: Targeting Giant Ore Deposits Down Under Utilizing Regional Structural Analysis
13th Quadrennial IAGOD SYMPOSIUM ADELAIDE, APRIL 2010 VENUS RESOURCES; TARGETING GIANT ORE DEPOSITS “DOWN UNDER” UTILIZING REGIONAL STRUCTURAL ANALYSIS KERRY TAYLOR VENUS EXPLORATION DIRECTOR
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Venus Resources Limited (ABN 99 123 250 582 ) (“VNS”) based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclu
Slide 3: Presentation Outline
PRESENTATION OUTLINE 1. COMPANY BACKGROUND 2. WHY VENUS IS TARGETING SELECTED AUSTRALIAN PROTEROZOIC OROGENS FOR GIANT/WORLD‐CLASS DEPOSITS 3. HOW VENUS IS USING GIS‐BASED STRUCTURAL INTERPRETATION TO IDENTIFY GIANT AUSTRALIAN EXPLORATION TARGETS 4. KEY POINTS
Slide 4: 1. Company Background
1. COMPANY BACKGROUND
Slide 5: ASX code: VNS, shares on issue
ASX code: VNS Shares on issue: 30.6 M Options on Issue: 10.4 M (ex 31/07/2011) Current share price: $0.80 (23/03/10) Year Low‐High $0.12‐ $1.00 Market capitalisation: $25 M (issued) Cash on Hand : $4.5 M + ($8M sole spend/ Farm‐in)
Slide 6: Board of Directors
BOARD OF DIRECTORS Terry Hogan Matthew Hogan Kerry Taylor Craig Rosendorff Non Executive Managing Director Executive Director Non Executive Director Chairman Exploration +20 yrs corporate experience & +40 years business +40 yrs corporate former CEO of United Minerals 35 years of multi-commodity expe
Slide 7: VNS share price chart
ommSec + ® Parilecn charts VNS - VENUS RESOURCES 23-Mar 0.85 08 0.75 oF 0.65 06 0.55 os 0.45 o4 0.35 03 0.25 0.2 0.15 0.4 me Ss - " 8 2 o e a c} S o S ‘S a , | q q t tT t q qT tT Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar og og 8 6o9 og 8 6oO9 og og og og 10 10 4=6©10 Yolume (millions)
Slide 8: Exploration Strategy
EXPLORATION STRATEGY • Venus’s current exploration focus is on our Murchison mid‐ west Yalgoo iron ore project (subject to recent Farm In/JV with Chinese Shandong Provincial Bureau of Geology & Mineral Resources). • Longer term exploration focus is the discovery of giant/world‐ class deposits within
Slide 9: Venus Orogenic Belt Exploration Projects
VENUS OROGENIC BELT EXPLORATION PROJECTS •Three “Super Projects” with Western Australian orogenic belts targeting Argyle North Super Project multi-commodity “giant”/world-class ore bodies. •Argyle North Super Project within Telfer North Super Project the northern part of the Halls Creek Orogen north
Slide 10: 2. Why Venus Is Targeting Australian Proterozoic Orogens
2. WHY VENUS IS TARGETING SELECTED AUSTRALIAN PROTEROZOIC OROGENS FOR GIANT/WORLD‐CLASS DEPOSITS
Slide 11: Proterozoic Giant/World-Class Deposits
PROTEROZOIC GIANT/WORLD‐CLASS DEPOSITS • Many of Australia’s and the world’s giant ore deposits are Proterozoic in age. • Majority formed during the Mezoproterozoic. • Variety of deposit types (gold, iron ore, base metals, diamonds etc). • The Proterozoic is “Elephant country”.
Slide 12: Australian Giant/World-Class Deposits
AUSTRALIAN GIANT/WORLD‐CLASS DEPOSITS • Much of Australia’s mineral wealth comes from world‐class and giant deposits hosted by Proterozoic orogenic belts (orogens). • Apart from Olympic Dam all these deposits were discovered at or near the surface. • <5% of the Proterozoic rocks outcrop (GA, 2007).
Slide 13: 3. How Venus Uses GIS-Based Structural Interpretation
3. HOW VENUS IS USING GIS‐BASED STRUCTURAL INTERPRETATION TO IDENTIFY GIANT AUSTRALIAN EXPLORATION TARGETS
Slide 14: Proterozoic Fault Interpretation
PROTEROZOIC FAULT INTERPRETATION • Giant/world‐class deposits are structurally controlled within orogens. • Halls Creek Orogen a sinistral transpressional deformation zone • Paterson Orogen a dextral transpressional deformation zone. • Albany‐Fraser Orogen a sinistral transpressional deformation zon
Slide 15: Proterozoic Tectonic Interpretation
PROTEROZOIC TECTONIC INTERPRETATION • Major Proterozoic fault deformation zones (orogens) formed during prolonged Proterozoic northwest‐directed compression. • Orogens developed along craton boundaries where cratons behave as competent blocks.
Slide 16: Venus Super Projects
VENUS “SUPER PROJECTS” • Three “Super Projects” (clusters of Argyle North Super Project Exploration Licences). • Argyle North Super Telfer North Super Project Project north of the giant Argyle diamond mine. • Telfer North Super Project north of the giant Telfer gold Tropicana East Super Project depo
Slide 17: Halls Creek Orogen Projects
HALLS CREEK OROGEN PROJECTS
Slide 18: Argyle North Super Project Structural Interpretation
ARGYLE NORTH SUPER PROJECT STRUCTURAL INTERPRETATION AND EXPLORATION TARGETS • Halls Creek Orogen interpreted as a sinistral transpressional deformation zone. • Argyle AK1 pipe intruded along Riedel Glenhill‐Ivanhoe Fault. • Dilational Argyle Structural Corridor (ASC) highly prospective for other di
Slide 19: E80/3253 Diamond Targets
E80/3253 DIAMOND TARGETS • Three discrete aeromagnetic high diamond targets identified along the concealed and interpreted position of the Glenhill Fault hosting the Argyle deposit • Pomona, Juno, Cabbage Tree Creek targets concealed beneath cover. • Highly anomalous Ba and REE at Pomona within hist
Slide 20: McArthur River Uranium Deposit
McARTHUR RIVER URANIUM DEPOSIT (Not Venus Project) •World’s largest, highest grade uranium deposit. •Structurally controlled by a reactivated basement fault cutting overlying Paleoproterozoic sandstone. •Hosted by an interpreted positive flower structure.
Slide 21: Venus Donkey Creek Unconformity Uranium Target
VENUS DONKEY CREEK UNCONFORMITY URANIUM TARGET • Reactivated Paleoproterozoic Dunham Hill Fault (DHF) cutting U‐ rich granite. • High‐grade uranium Astro Resources rock‐chip assays up to 4804 ppm along the DHF. • Historical rock chip assay of 3950 ppm at Donkey Creek along the DHF. • Venus Donkey Cr
Slide 22: Paterson Orogen Projects
PATERSON OROGEN PROJECTS
Slide 23: Telfer North Super Project Structural Interpretation
TELFER NORTH SUPER PROJECT STRUCTURAL INTERPRETATION • Paterson Orogen interpreted as a dextral transpressional deformation zone. • Paterson orogen hosts the giant Telfer gold deposit (27 Moz) (Not Venus Project) • Glengarry Resources Limited orogen‐hosted Magnum gold prospect (15m @ 14.1 g/t Au dri
Slide 24: Paterson Orogen Gravity
PATERSON OROGEN GRAVITY Venus super project areas within Wallal Platform and Anketell Shelf regions where Canning Basin cover interpreted to be relatively thin from gravity and aeromagnetics (<400m).
Slide 25: 27 Moz Giant Telfer Gold Deposit
27 Moz giant Telfer gold deposit (Not Venus Project) • Telfer gold mineralisation synchronous with dextral transpression, thrusting, and granite intrusion (650 Ma). Bagas, 2008
Slide 26: Telfer North Super Project Giant Exploration Targets
TELFER NORTH SUPER PROJECT GIANT EXPLORATION TARGETS Four giant YARRIE EAST TARGET: exploration targets: Cu/Ni/PGE, GOLD, BASE METAL, URANIUM MT MORRIS IOCG TARGET • Yarrie East ; layered RADI HILLS TARGET: ultramafic or BIF GOLD, BASE METAL, IOCG along the Vines Fault with Cu/Ni/PGE, Au and U poten
Slide 27: Copper Hills Project
COPPER HILLS PROJECT • Located southeast of the world‐class Kintyre uranium and giant Telfer gold deposits. • Paterson Orogen dextral transpressional structural interpretation with east‐west thrusting. • Historical rock chip assays up to 48% copper, 3600g/t gold, 3690g/t platinum, 4904g/t palladium
Slide 28: Albany-Fraser Orogen Projects
ALBANY‐FRASER OROGEN PROJECTS
Slide 29: Structural Interpretation
STRUCTURAL INTERPRETATION • Aeromagnetics shows Albany‐ Fraser Orogen basement beneath Eucla Basin sediments. • Tropicana situated along western boundary of Albany Fraser Orogen (AFO). • AFO Interpreted as a sinistral transpressional deformation zone bounded to the east by the craton‐boundary sinist
Slide 30: Gravity
GRAVITY Venus projects selected where Eucla Basin cover is interpreted from gravity to be relatively thin (<400m).
Slide 31: Tropicana East Super Projects
TROPICANA EAST SUPER PROJECTS • Three Venus projects: • Moodini; 42 km strike length of the Mundrabilla fault with gold, diamond and Pb/Zn potential. Over‐ pegged by Anglo Australian. Gatum Gatum • Madura; complexly folded magnetic unit(s) either BIF or ultramafics; anticlinal closures considered to
Slide 32: 4. Key Points
4. KEY POINTS • Proterozoic orogens host a large number and variety of giant/world‐class deposits, and so are the long‐term focus of Venus exploration activities “looking for elephants in elephant country”. • Proterozoic giant/world‐class deposits are structurally controlled and preferentially form
Slide 33: Thank You
THANK YOU For further information: Mobile: +61 (0) 417 544 969 Email: KTaylor@venusresources.com.au Web site: www.venusresources.com.au
Slide 34: Competent Person Declaration
COMPETENT PERSON DECLARATION The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Kerry Taylor, who is a Member of The Australian Institute of Geoscientists and is a full time employee of the Company. Mr Taylor h
Venus Resources — 13th Quadrennial IAGOD Symposium, Adelaide 2010 on 6ix