Vast Resources plc · LSE:VAST
Vast Resources — Q1 2017 Earnings Presentation
14 slides from Vast Resources's earnings presentation, April 2017
Slide 1: Improving Efficiency + Operational Performance
IMPROVING EFFICIENCY + OPERATIONAL PERFORMANCE Q UA R T E R LY P R O D U C T I O N R E P O R T / Q 1 2 0 1 7
Slide 2: Disclaimer
DISCLAIMER These materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in Vast Resources plc. (the “Company”) nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connec
Slide 3: Company Snapshot
COMPANY SNAPSHOT ▪ Two producing mines and upside from an exceptional pipeline of development assets ▪ Fully funded to positive cash flow from two currently operating mines and third pipeline mine Market AIM Chief Executive Officer† Roy Pitchford Ticker VAST Chairman† Brian Moritz Finance Director &
Slide 4: Share Analysis
SHARE ANALYSIS SHARE PRICE KEY SHAREHOLDERS 0.7 0.61 Hargreaves - 10.87% Sapi River - 7.53% 0.6 0.5 Halifax - 6.83% Barclays - 6.17% 0.4 0.3 TD direct - 5.00% St Anne’s - 4.72% 0.2 0.1 0.11 Directors - 0.67% Others - 58.21% 0 MARKET CAPITALISATION VOLUME 30,000,000.00 700,000,000.00 25,000,000.00 60
Slide 5: Romania
ROMANIA • Established mining culture and pro-mining government • Emerging market opportunities – potential for significant new discoveries • Excellent infrastructure to support development • Strategic location provides easy access to Europe, the Middle East and Africa MANAILA POLYMETALLIC MINE • Tot
Slide 6: Quarterly Production Dashboard: Manaila
QUARTERLY PRODUCTION DASHBOARD MANAILA HEADLINE FIGURES “…Despite conditions in Romania being approximately 10 degrees Celsius colder on average compared to the comparative quarter for the previous year (3 months ended 31 March 2016), reaching lows of up to minus 30 degrees Celsius, Vast managed to
Slide 7: Quarterly Overview: Manaila
QUARTERLY OVERVIEW: MANAILA Calendar Q1 production levels are Additional operational developments typically lower compared to the rest of impacted production: the year - the unusually cold temperatures experienced in Q1 2017 • planned increase in the stripping ratio to 2.1 (Dec: 1.5) to expose addit
Slide 8: Manaila Polymetallic Mine Romania
MANAILA POLYMETALLIC MINE ROMANIA 1000 180 900 160 132 tonnes Tonnes of Cu concentrate Tonnes of Zn concentrate 800 140 700 120 600 526 tonnes 100 500 80 400 60 300 200 40 100 20 0 0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 40,000 35,000 35,000
Slide 9: Faneata and Baita Plai Romania
FANEATA AND BAITA PLAI ROMANIA The Company's 80% owned 3Mt Faneata Tailings Storage Facility consists of more than 40 years' material from the proximal Baita Plai Polymetallic Mine PROPOSED DEVELOPMENT AT FANEATA: ▪ A Preliminary Economic Assessment undertaken on the operating costs indicates a brea
Slide 10: Zimbabwe
ZIMBABWE • Exceptional mineralised terrane • High value brownfield assets • Established mining infrastructure • Skilled workforce PICKSTONE-PEERLESS GOLD MINE • Mineral Reserve: 1.0Moz (@ 1.9g/t Au) • Mineral Resource: 3.2Moz (@ 1.6g/t Au), inclusive of reserve • 7 year oxide mine life • 20 year sul
Slide 11: Quarterly Production Dashboard: Pickstone-Peerless
QUARTERLY PRODUCTION DASHBOARD PICKSTONE-PEERLESS HEADLINE FIGURES “High rainfall hampered open pit mining operations and wet, stick ore restricted the crusher feed facilities. Lower grade areas in the open pit were mined as they remained open and low-grade stockpiles were used to supplement volumes
Slide 12: Pickstone-Peerless Gold Mine Zimbabwe
PICKSTONE -PEERLESS GOLD MINE ZIMBABWE 70,000 90,000 80,000 60,000 51,102 tonnes 70,000 Ore mined (tonnes) Ore milled (tonnes) 50,000 60,000 51,660 tonnes 40,000 50,000 30,000 40,000 30,000 20,000 20,000 10,000 10,000 0 0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q4 2015 Q1 2016 Q2 2016 Q3 201
Slide 13: Summary
SUMMARY • Continued turnaround at Manaila – Board anticipates that improving weather conditions will support increased production targets • Focus at Manaila during Q2 and Q3 (calendar year) will include: • Ramping up of zinc production and continue to increase grade >45% Zn • Commissioning gravity r
Slide 14: Contact
Roy Pitchford | Chief Executive Officer T: +44 (0) 20 7236 1177 St Brides Partners |PR & IR Susie Geliher + Charlotte Page T: +44 (0) 20 7236 1177 susie@stbridespartners.co.uk charlotte@stbridespartners.co.uk