Venus Metals Corporation Limited · ASX:VMC
Venus Metals — Investor Presentation (January 2011)
24 slides from Venus Metals's investor presentation, Jan 7, 2011
Slide 1: Company Presentation
For personal use only COMPANY PRESENTATION Matthew Hogan Managing Director JANUARY 2011
Slide 2: Disclaimer
DISCLAIMER For personal use only • This presentation has been prepared by Venus Metals Corporation Limited (ABN 99 123 250 582 ) (“VMC”) 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 i
Slide 3: Corporate Summary: Board and Key Management
CORPORATE SUMMARY For personal use only Senior Expert Exploration Advisor Terry Hogan Matthew Hogan Craig Rosendorff Non Executive-Chairman Managing Director Non Executive Director +40 yrs corporate +20 yrs corporate experience & +40 years business management, past chairman former CEO of United Mine
Slide 4: Corporate Summary
CORPORATE SUMMARY For personal use only ASX code: VMC Shares on issue: 32.1 M Options on Issue: 9.35 M (ex 31/07/2011) Current share price: $1.90 Market capitalisation: $61 M Cash on hand: $3.0 M Other: $8M Farm-in sole spend by HD Mining & Investment Pty Ltd –Shandong subsidiary 4
Slide 5: Recent Highlights and Projects
For personal use only Yalgoo Iron Ore Project Bilberatha Hill JORC Inferred Magnetite Resource 443 MT Argyle Smoke Creek Alluvial Diamond JORC Resource 5 Million Carats CSIRO water sample results – Significant Cu and Zn Share placement and Yalgoo Base Metals Target at Murchison JV signed with Chines
Slide 6: Location Plan - West Australian Projects
LOCATION PLAN- WEST AUSTRALIAN PROJECTS For personal use only Argyle North Super Project Argyle Smoke Creek Diamond Deposit Telfer North Super Project Murchison Copper Uranium Project Yalgoo Iron Ore Project Magnetite Deposit Gawler Craton West Super Project 6
Slide 7: Yalgoo Iron Ore Project
YALGOO IRON ORE PROJECT MID WEST IRON ORE PROVINCE- A MULTI BILLION DOLLAR INVESTMENT REGION For personal use only Proposed Oakajee Port
Slide 8: Yalgoo Iron Ore Project Highlights
YALGOO IRON ORE PROJECT HIGHLIGHTS BILBERATHA MAGNETITE IRON ORE DEPOSIT (443 Million Tonnes) For personal use only JORC Compliant Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill announced (ASX release 16th Dec 2010). Fe Cut- Material off Tonnes Fe Al2O3 SiO2 P LOI Ox
Slide 9: Yalgoo Highlights: Long Section Bilberatha Hill
YALGOO HIGHLIGHTS BILBERATHA MAGNETITE IRON ORE DEPOSIT (443 Million Tonnes) For personal use only Long Section through Bilberatha Hill BIF wireframe 9
Slide 10: Yalgoo Highlights: Davis Tube Concentrate Results
YALGOO HIGHLIGHTS BILBERATHA MAGNETITE IRON ORE DEPOSIT (443 Million Tonnes) For personal use only Davis Tube Concentrate of YGDD002 YGDD002 Hole Depth (m) Recovery (%) Calc'd Fe DTR Concentrate Grade (%) Master Head Composite Differenc Grade (%) Start End e Mass Fe Fe SiO2 Al2O3 P S 1 140.3 174.3 3
Slide 11: Yalgoo Highlights: Bilberatha Magnetite Deposit
YALGOO HIGHLIGHTS BILBERATHA MAGNETITE IRON ORE DEPOSIT (443 Million Tonnes) For personal use only 11
Slide 12: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) For personal use only 12
Slide 13: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) For personal use only JORC Inferred Diamond Resource 17.9 Mt at an average grade of 28 CPHT for 5,000,000 carats, using a cut-off of 10 CPHT in the 9 granted prospecting licences has been announced (ASX release 11th November 2010). This
Slide 14: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) For personal use only 14
Slide 15: Telfer North Super Project
TELFER NORTH SUPER PROJECT For personal use only Venus is selectively targeting concealed parts of Proterozoic Orogens which host a variety of world class giant ore deposits like Mt Isa (base metals), Olympic Dam (Iron Oxide- Copper-Gold- Uranium), Telfer (Gold) and Argyle (Diamonds) Telfer North Su
Slide 16: Radi Hills IOCG Target
RADI HILLS IOCG TARGET For personal use only This strong gravity amplitude response is the same as the world class Prominent Hill IOCG deposit in South Australia (pre-discovery). Drilling is planned to take place as soon as practical. 16
Slide 17: Mt Morris IOCG Target
Mt MORRIS IOCG TARGET For personal use only Gravity survey results indicates Gravity anomaly map of Mt Morris and location of historical drillholes three discrete 2 mGal gravity highs (7km x 2km) and the gravity anomaly amplitude is comparable to other IOCG deposits e.g. Carapateena, Ernest Henry an
Slide 18: Citadel Gold Project
CITADEL GOLD PROJECT For personal use only Two Telfer Dome structural “look- alikes” being Citadel North Dome and Citadel South Dome. Drilling at Citadel will be carried out in conjunction with other targets in Telfer North Super Project area. The giant 27 M oz Telfer gold deposit (not VMC),the Telf
Slide 19: Gawler Craton West Super Project
GAWLER CRATON WEST SUPER PROJECT For personal use only Moodini project Three projects Moodini, Madura and Gatum Gatum Bore 19
Slide 20: Moodini IOCG Targets
MOODINI IOCG TARGETS For personal use only Venus considers that the south Australian craton margins are prospective for other IOCG deposits the likes of Olympic dam, Prominent MOODINI NORTH Hill etc. IOCG TARGET Two very large IOCG targets identified by a recent gravity survey at the Moodini project
Slide 21: West Murchison Base Metals / Uranium Project
WEST MURCHISON BASE METALS / URANIUM PROJECT For personal use only 21
Slide 22: West Murchison Base Metals / Uranium Project
WEST MURCHISON BASE METALS / URANIUM PROJECT For personal use only A CSIRO /Venus co-funded reconnaissance water bore sampling program was recently completed in the West Murchison area. Groundwater samples collected at Yarloo Well have given strongly elevated Cu (466 ppb) and Zn (540 ppb) values. Th
Slide 23: Highlights
HIGHLIGHTS For personal use only Yalgoo Iron Ore Project is subject to a $8M sole spend farm-in with the Shandong provincial bureau of geology & mineral resources (SDGM) subsidiary HD Mining & Investment Pty Ltd. JORC Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill. T
Slide 24: Target Note and References
*The term “Target” should not be misunderstood or misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2004), and therefore the terms have not been used in this context. It is uncertain if further exploration or feasibility study will result in the determination