Venus Metals Corporation Limited · ASX:VMC
Venus Metals — Investor Presentation (June 2011)
27 slides from Venus Metals's investor presentation, June 2011
Slide 1: Investor Presentation
INVESTOR PRESENTATION Matthew Hogan Managing Director JUNE 2011
Slide 2: Disclaimer
DISCLAIMER • 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 information, opinions a
Slide 3: Corporate Summary
CORPORATE SUMMARY 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 Minerals experience. of th
Slide 4: Corporate Summary
CORPORATE SUMMARY ASX code: VMC Shares on Issue: 39 M Listed Options: 5.8 M (ex 31/07/2011) Current share price: $1.40 Market capitalisation: $55 M Cash on hand: $9 M 4
Slide 5: Yalgoo Iron Ore Project and recent highlights
Yalgoo Iron Ore Project Massive Sulphide Targets Bilberatha Hill JORC Inferred Identified At Yarrie East Magnetite Resource 443 MT Argyle Smoke Creek Alluvial Diamond JORC Resource 5 Million Carats Private Placement raising CSIRO water sample results – A$4 M with UK & European Significant Cu and Zn
Slide 6: Location Plan - West Australian Projects
LOCATION PLAN- WEST AUSTRALIAN PROJECTS Argyle North Super Project Argyle Smoke Creek Diamond Deposit Telfer North Super Project Copper Hills Project Murchison Base Metals Project Yalgoo Iron Ore Project Magnetite Deposit Gawler Craton West Super Project 6
Slide 7: Yalgoo Iron Ore Project - Mid West Iron Ore Province
YALGOO IRON ORE PROJECT MID WEST IRON ORE PROVINCE- A MULTI BILLION DOLLAR INVESTMENT REGION Oakajee Stage One 45 Mtpa capacity Port development
Slide 8: Yalgoo Iron Ore Project Highlights - JORC Magnetite Resource
YALGOO IRON ORE PROJECT HIGHLIGHTS JORC MAGNETITE MINERAL RESOURCE (645 Million Tonnes) JORC Inferred Magnetite Mineral Resources at Yalgoo Iron Ore Project 645.6 Million Tonnes. Fe Cut- Million Fe Area off % Tonnes % Al2O3 SiO2 P LOI Bilberatha 20 443.9 30.3 1.8 47.9 0.047 0.9 Hill Additional 20 20
Slide 9: Bilberatha Hill - Long Section
YALGOO HIGHLIGHTS BILBERATHA HILL- LONG SECTION 9
Slide 10: Yalgoo Highlights - Davis Tube Concentrate
YALGOO HIGHLIGHTS JORC MAGNETITE MINERAL RESOURCE (645 Million Tonnes) 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 34.0 44.2 89.1 34.8 70.1 2.7
Slide 11: Yalgoo Highlights - JORC Magnetite Mineral Resource
YALGOO HIGHLIGHTS JORC MAGNETITE MINERAL RESOURCE (645 Million Tonnes) 11
Slide 12: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) 12
Slide 13: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) 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 resource estimate is b
Slide 14: Diamond Plant - Process Flow Diagram
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) Diamond Plant – Process Flow Diagram Waste Gravels stockpiles material from excavations Settling Ponds DMS (for rehabilitation) Module 1 Sized gravels Module 2 Diamond Product Scrubbing & Screening Module 3 Scrubber Oversize FlowSort X-R
Slide 15: Argyle Smoke Creek Alluvial Diamond Deposit
ARGYLE SMOKE CREEK ALLUVIAL DIAMOND DEPOSIT (5 MILLION CARATS) 15
Slide 16: Telfer North Super Project
TELFER NORTH SUPER PROJECT 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 Super Project comprises
Slide 17: Radi Hills IOCG Target
RADI HILLS IOCG TARGET This strong gravity amplitude response is the same as the world class Prominent Hill IOCG deposit in South Australia (pre-discovery). Drilling to take place late June 2011. 17
Slide 18: Radi Hills VTEM Survey Results
RADI HILLS VTEM SURVEY RESULTS SIGNIFICANT CONDUCTIVE BODIES IDENTIFIED Significant conductive anomalies coincident to 5mGal gravity and magnetic anomalies at Radi Hills have been identified from a recently completed Versatile Time Domain Electro‐‐Magnetic (VTEM) Airborne surveys. The main southern
Slide 19: Mt Morris IOCG Target
Mt MORRIS IOCG TARGET 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 and Eloise. Historical e
Slide 20: Citadel Gold Project
CITADEL GOLD PROJECT 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 Telfer Dome is a Proterozo
Slide 21: Yarrie East Project
YARRIE EAST PROJECT Recently completed geophysical surveys (aeromagnetic and gravity)identified number of NNW trending en‐‐echelon responses that are coincident with gravity anomalies ( refer ASX release 2 February 2011). Considered prospective for Cu/Ni/PGE massive sulphides. Drilling at Yarrie Eas
Slide 22: Gawler Craton West Super Project
GAWLER CRATON WEST SUPER PROJECT Moodini project Three projects Moodini, Madura and Gatum Gatum Bore 22
Slide 23: Moodini IOCG Targets
MOODINI IOCG TARGETS Venus considers that the south Australian craton margins are prospective for other IOCG deposits the likes of Olympic MOODINI NORTH dam, Prominent Hill etc. IOCG TARGET Two very large IOCG targets identified by a recent gravity survey at the Moodini project area. Coincidence of
Slide 24: West Murchison Base Metals Project
WEST MURCHISON BASE METALS PROJECT 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. The CSIRO researchers reported tha
Slide 25: West Murchison Base Metals Project - VTEM Results
WEST MURCHISON BASE METALS PROJECT RESULTS OF VTEM SURVEY Anomaly 1 represents a subtle late time double peaked response evident over 300m located approximately 1km to the SSE of Yarloo Well ( refer ASX release 10 March 2011). Anomaly 2 is a strong NE trending conductor approximately 1.5km in length
Slide 26: Highlights
HIGHLIGHTS 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 Mineral Resources at Yalgoo Iron Ore Project 645.6 Million Tonnes. A Scoping Study ha
Slide 27: Target term 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