Critica Limited · ASX:CRI
Critica — Venture Minerals — RIU Sydney Resources Roundup 2019
26 slides from Critica's conference presentation, May 9, 2019
Slide 1: Venture Minerals Limited – RIU Sydney Resources Roundup
Venture Minerals Limited RIU Sydney Resources Roundup 7-9 May 2019
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation may contain certain forward looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 3: Highlights
Highlights • Improving Iron Prices sees opportunity to reopen Riley Iron Ore Mine; • Riley Mine off-take now secured with Tier 1 Iron Ore trader; • Previous Riley mining study to be updated over the coming weeks before a decision to recommence mining; • Outcomes due shortly from Underground Scoping
Slide 4: Corporate Snapshot
Corporate Snapshot Summary Capital Raising History ASX Code: VMS July 2018 Two Tranche Placement of 85.1m shares at A$0.03 for A$2.5m; September 2017 Placement of 95m shares at A$0.02 for A$1.9m; Shares on issue: 520.6m December 2015 Rights Issue of 28.7m shares at A$0.023 for A$0.7m; August 2012 Pl
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Hamish Halliday Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Non-Executive Director Managing Director Exploration M
Slide 6: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Cu-Zn-Au North West Tasmanian Projects Mt Lindsay Tin-Tungsten, Riley & Livingstone DSO Hematite South West Project Thor Cu-Pb-Zn Prospect & Odin Li & Ni-Cu Prospects Kulin Project PGE -Ni – Cu Venture Minerals | Investor Presentatio
Slide 7: Location of Riley & Livingstone Hematite DSO Deposits
Location of Riley & Livingstone Hematite DSO Deposits Venture Minerals | Investor Presentation| May 2019 7
Slide 8: Riley DSO Deposit
Riley DSO Deposit Immediately accessible Ore Reserves of 1.8mt @ 57% Fe with low impurities. PAGE 3 Venture Minerals | Investor Presentation| May 2019 8
Slide 9: Riley DSO Hematite Project – review underway to restart mine operations
Riley DSO Hematite Project – review underway to restart mine operations • Riley Mine off-take now secured with Tier 1 Iron Ore trader; • The current price is now more than 30%* higher in AUD terms than it was upon suspending operations. Since last December, the 62% Fe price has risen almost 40%* in
Slide 10: Riley DSO Hematite Project – Resources & Reserves
Riley DSO Hematite Project – Resources & Reserves Resource Statement - Riley DSO Project Fe Fe (%) P S LOI Resource Tonnes SiO2 (%) Al2O3 (%) (%) Calcined (%) (%) (%) Indicated 2.0mt 57 61 3.7 2.6 0.03 0.08 7.7 Reserve Statement - Riley DSO Project Fe (%) LOI Reserve Tonnes Fe (%) SiO2 (%) Al2O3 (%)
Slide 11: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit Venture Minerals | Investor Presentation| May 2019 11
Slide 12: Is Tin the forgotten EV Metal?
Is Tin the forgotten EV Metal? Venture Minerals | Investor Presentation| May 2019 12
Slide 13: Market drivers of future tin demand
Market drivers of future tin demand Computing and robotics Energy Generation & Tin focus: Solder used in mobile Infrastructure phones, computers, tablets Tin focus: Solar cells, thermoelectric materials and electronic technologies Industry developments: Industry developments: • Measurable impacts of
Slide 14: Current primary uses of Tin
Current primary uses of Tin Nearly 50% of While solder The two most Tin use in lead- tin consumed is drives the significant uses acid batteries in lead-free current market, of tin for EV doubled between solder by the significant impact is in 2010 to 2016 consumer growth is in electronics and and is
Slide 15: Tin use in conventional combustion vehicles
Tin use in conventional combustion vehicles SEAT CUSHIONS GLASS Tin catalyst Conductive tin coatings PLASTICS SEALANTS PVC stabilisers ELECTRONICS Tin catalyst Solders Fuses Contacts BATTERY FUEL TANK Tin alloy addition Tin-zinc coating RADIATOR Brass alloys solder WIRING Tinned copper BEARINGS Tin
Slide 16: Two most significant uses for EV impact
Two most significant uses for EV impact ELECTRONICS Solders Fuses Contacts BATTERY Tin alloy addition Venture Minerals | Investor Presentation| May 2019 16
Slide 17: Tin Market Outlook
Tin Market Outlook • Tin today at over US$19,700/t or ~A$28,000/t but has missed the dramatic rises of its EV metal peers in lithium, cobalt & graphite; • International Tin Association predicting surge in tin demand, driven by lithium-ion battery market of up to 60,000tpa by 2030; • Visible Tin Stoc
Slide 18: World Tin Production
World Tin Production • Supply issues with most of the world’s largest tin producers actually producing less; • Most world tin production still coming from higher risk jurisdictions; • LME launches initiative to ban products not responsibly sourced by 2022. Venture Minerals | Investor Presentation| M
Slide 19: Location of Mount Lindsay Tin-Tungsten Deposit
Location of Mount Lindsay Tin-Tungsten Deposit Venture Minerals | Investor Presentation| May 2019 19
Slide 20: EV Metal Demand, time to re-assess Mount Lindsay
EV Metal Demand, time to re-assess Mount Lindsay • EV demand drives re-assessment of the high grade tin and tungsten resource base at Mount Lindsay. • Uniquely positioned with Mount Lindsay being one of the largest undeveloped tin projects in the world, containing in excess of 80,000* tonnes of tin
Slide 21: Resource Statement – Mount Lindsay Tin-Tungsten Project
Resource Statement – Mount Lindsay Tin-Tungsten Project (as previously announced 17 October 2012) Reporting to two significant figures. Figures have been rounded and hence may not add up exactly to the given totals. Full details of the Note: estimate are in the ASX release for the Quarterly Report o
Slide 22: Mount Lindsay Tin-Tungsten Project Highlights
Mount Lindsay Tin-Tungsten Project Highlights • Approximately 83,000m of diamond core drilling used to define JORC compliant resources with +60% in the Measured & Indicated categories; • Feasibility Study completed with comprehensive metallurgical test-work, with further post feasibility test-work d
Slide 23: High Grade Tin-Tungsten Targets
High Grade Tin-Tungsten Targets Renison Style Drill Targets Renison Bell Tin Mine (50% MLX) Produced > 230,000t of Tin Combined Resources of Measured/Indicated/Inferred: 215,700t of Tin* Venture Minerals | Investor Presentation| May 2019 *Source: MLX ASX Announcement 23 August 2018 23
Slide 24: Project Locations
Project Locations Golden Grove Caesar Project North Project Ni- Cu Cu-Zn-Au North West Tasmanian Projects Mt Lindsay Tin-Tungsten, Riley & Livingstone DSO Hematite South West Project Thor Cu-Pb-Zn Prospect & Odin Li & Ni-Cu Prospects Kulin Project PGE -Ni – Cu Venture Minerals | Investor Presentatio
Slide 25: Conclusions
Conclusions Venture’s Riley Iron Ore Mine is well leveraged to the improving Iron Prices and by securing the off-take it has completed a major milestone towards recommencing the mining operations; A positive decision from the updated Riley mining study would see iron ore production commence in t
Slide 26: Thank You
Thank You Any questions please see us at Booth #3 www.ventureminerals.com.au Venture Minerals | Investor Presentation| May 2019