Vrx Silica Ltd. · ASX:VRX
Vrx Silica — Ventnor Resources — Shareholder Meeting (November 2015)
34 slides from Vrx Silica's shareholder meeting presentation, Nov 9, 2015
Slide 1: For personal use only
ASX: VRX For personal use only www.ventnorresources.com.au
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation was prepared with due care and attention and is current at the date of the presentation. The For personal use only summary is not an offer or recommendation to purchase or subscribe for securities in Ventnor Resources Limited or to retain any securitie
Slide 3: Table of Contents
Table of Contents For personal use only 1 PROJECT LOCATIONS 4 2 COPPER JV SUMMARY 7 3 UNDERGROUND RESOURCE 9 4 CONCENTRATE 15 5 WARRAWANDA NICKEL PROJECT 17 6 BLACK DRAGON GOLD PROJECT 25 7 COMPANY OVERVIEW 33 8 REASONS TO INVEST 34 3
Slide 4: Projects Locations
1. Projects Locations For personal use only Projects located in WA Thaduna/Green Dragon Copper Project • JV with Sandfire Warrawanda Nickel Project • Encouraging geochem • Fixed loop EM survey Black Dragon Gold Project • Epithermal prospect • Vast database 4
Slide 5: Company Projects
Company Projects For personal use only 1. Thaduna Copper Project 2. Warrawanda Nickel Project 3. Black Dragon Gold Project 5
Slide 6: Copper Project Location
1. Copper Project Location For personal use only 40 kms 6
Slide 7: Copper JV Summary
2. Copper JV Summary Thaduna/ Continuous and high grade orebody For personal use only Green Short term open cut Resources Dragon Potential for long term production from Project underground sulphide development Updated high cut JORC 2012 Resource March High grade bornite mineralisation 2013
Slide 8: JV Summary
2. JV Summary For personal use only Attractive JV with Sandfire for Thaduna/Green Dragon $3m paid up front to Ventnor for 35% Sandfire earn in to 80% spending $6m ~$2m spent to date; $3m by June 2016 Sandfire to sole fund project development Toll treatment arrangement at C1 cost No requi
Slide 9: Underground Resource
3. Underground Resource For personal use only Underground target 5mt @5% Cu 9
Slide 10: SFR RC holes
For personal use only 3. SFR RC holes 10
Slide 11: Sandfire Drilling at Thaduna
2. Sandfire Drilling at Thaduna For personal use only September RC drilling completed TDRC001 5m @ 3.19% Cu, 9.62g/t Ag from 251m DH TDRC004 4m @ 1.53% Cu, 1.90g/t Ag from 193m DH November diamond drilling underway 6 diamond holes; average depth approximately 350 metres Selected to target ga
Slide 12: SFR DD holes
For personal use only 3. SFR DD holes 12
Slide 13: Bornite!! Key to underground
For personal use only Bornite!! Key to underground
Slide 14: For personal use only
For personal use only High-grade core from Ventnor drilling below Thaduna pit 14
Slide 15: Concentrate
4. Concentrate For personal use only Concentrate Ag As Bi Cu Fe K Mg Mn Ni P Pb S Ti Zn Assay Detection 1 5 1 0.01 0.01 0.01 0.01 1 1 20 5 0.002 0.002 1 Limit Units ppm ppm ppm % % % % ppm ppm ppm ppm % % ppm Sample 1 91 47 12 29.91 8.68 0.77 2.26 484 272 455 148 9.646 0.364 50 Sample 2 89 51 8 30.3
Slide 16: Company Projects
Company Projects For personal use only 1. Thaduna Copper Project 2. Warrawanda Nickel Project 3. Black Dragon Gold Project 16
Slide 17: Warrawanda Nickel Project (Seeking JV)
5. Warrawanda Nickel Project (Seeking JV) For personal use only 40Kms 17
Slide 18: Warrawanda Nickel Project
5. Warrawanda Nickel Project 17km intrusive ultramafic For personal use only EM drill targets Helicopter mounted EM survey 18
Slide 19: Warrawanda Nickel Project
5. Warrawanda Nickel Project Significant data sets from prior work For personal use only – Shallow drilling targeting nickel in laterite 1993 – Flew close-spaced SkyTEM, mag and HyMap – 12 deep drill holes targeting high EM/Mag anomalies 2012 – Followed up with soil geochem, mapping 2014 – TEMPEST S
Slide 20: Warrawanda Nickel Base Metal Response
5. Warrawanda Nickel Base Metal Response Nickel Copper For personal use only Cobalt Chromium 20
Slide 21: Warrawanda Nickel TEMPEST Survey
5. Warrawanda Nickel TEMPEST Survey For personal use only 21
Slide 22: Warrawanda Nickel TEMPEST Survey
5. Warrawanda Nickel TEMPEST Survey For personal use only Confirms southerly dip and deep EM anomaly Ventnor RC Drillhole 22
Slide 23: Warrawanda Nickel Next Program
5. Warrawanda Nickel Next Program New targets from TEMPEST Survey For personal use only – Extend existing drill hole to 300-350 metres – Samples may explain anomaly – Fixed loop EM survey over TEMPEST line – If successful, follow up with targeted drillhole – Extend selected hole – Downhole EM/moving
Slide 24: Company Projects
Company Projects For personal use only 1. Thaduna Copper Project 2. Warrawanda Nickel Project 3. Black Dragon Gold Project 24
Slide 25: Black Dragon Gold Project
6. Black Dragon Gold • Granted EL (no NT; no pastoralist) For personal use only 28kms along strike from Tropicana Gold Mine (+7M Oz Au Resources) Significant rock chip and RC assays Vast historic database collated and under review Multi-element assays indicate un-recognised epithermal prospe
Slide 26: For personal use only
6. Black Dragon Gold For personal use only Schematic representation of epithermal mineralisation showing “bonanza grades” 26
Slide 27: For personal use only
6. Black Dragon Gold For personal use only 27
Slide 28: For personal use only
6. Black Dragon Gold For personal use only 28
Slide 29: For personal use only
6. Black Dragon Gold For personal use only 29
Slide 30: First Pass Program
6. Black Dragon Gold First Pass Program For personal use only 30
Slide 31: First Pass Program
6. Black Dragon Gold For personal use only First Pass Program Directly under high-grade quartz veins Shallow close spaced (10-20m x 10-20m) 33 holes for 2,492m @ $250k including clearing • BDRC1015 5m @ 2.26g/t Au, 1.88g/t Ag from 6m DH • BDRC1026 5m @ 3.57g/t Au, 0.64g/t Ag from 26m DH All
Slide 32: Nearby targets
6. Black Dragon Gold nearby targets For personal use only 32
Slide 33: Company Overview
7. Company Overview For personal use only ASX Code VRX Share Price A$0.03 Shares on Issue 137.5m Unlisted Options 13.4m Market Cap (Fully diluted) A$4.2m Cash (30 Sept 2015) A$0.62m 33
Slide 34: Reasons to Invest
8. Reasons to Invest Short-term drill targets at Black Dragon For personal use only Medium-term mining opportunity with Sandfire JV to supply ore to Sandfire’s nearby processing plant with long-term cash flow from high grade Thaduna underground sulphide production Opportunity to form JV nickel su
Ventnor Resources — Shareholder Meeting (November 2015) on 6ix