Altoro Metals Limited · ASX:ARO
Altoro Metals — Variscan Mines — Amvest Webinar (March 2020)
40 slides from Altoro Metals's conference presentation, March 2020
Slide 1: Investor Presentation – Amvest Webinar
Investor Presentation March 2020 Amvest Webinar
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this presentation is not an offer of securiti
Slide 3: Variscan Mines
VARISCAN MINES
Slide 4: Overview of Variscan Mines (ASX:VAR)
OVERVIEW OF VARISCAN MINES (ASX:VAR) VARISCAN MINES IS A GROWTH ORIENTATED NATURAL RESOURCES COMPANY FOCUSED ON THE ACQUISITION, EXPLORATION AND DEVELOPMENT OF HIGH-QUALITY STRATEGIC MINERAL PROJECTS. Strategic portfolio Growth of high impact base Opportunities LEADERSHIP TEAM metal projects Dr. Foo
Slide 5: High Impact Portfolio of Assets
HIGH IMPACT PORTFOLIO OF ASSETS Variscan Mines Limited ASX:VAR (Australia) 100% 100% 10.4% 15% Thompson Resources Novales-Udias Project Guajaraz Project Rosario Project (Spain) (Spain) (Chile) ASX:TMZ (Australia) § Priority #1 Project § High quality brown-field § Grant of Earn-In Right to § Focused
Slide 6: Strategically Located Spanish Zinc Projects
STRATEGICALLY LOCATED SPANISH ZINC PROJECTS NOVALES-UDIAS § Located in the heart of the prolific Basque-Cantabrian Basin § Reocín and surrounding area is one of the premier Zinc- Lead mining fields in Europe § Close to Santander with excellent infrastructure GUAJARAZ § Located close to Toledo § Form
Slide 7: Historic Mining Region
HISTORIC MINING REGION
Slide 8: Cantabria Hosts Mineral Deposits of European Significance
CANTABRIA HOSTS MINERAL DEPOSITS OF EUROPEAN SIGNIFICANCE | ASX:VAR Source: BRGM; Euromines 8
Slide 9: Zinc Deposits & Geology in Cantabria
ZINC DEPOSITS & GEOLOGY IN CANTABRIA | ASX:VAR Source: José Antonio Alonso López 9
Slide 10: Global Distribution of Zinc-Lead Deposits (MVT Style)
GLOBAL DISTRIBUTION OF ZINC-LEAD DEPOSITS (MVT STYLE) | ASX:VAR Source: USGS 10
Slide 11: Reocín Is One of the Largest MVT Deposits Globally
REOCÍN IS ONE OF THE LARGEST MVT DEPOSITS GLOBALLY, EVER BENCHMARKING 113 MVT DEPOSITS & 10 DISTRICTS: GRADE/TONNAGE CURVES § Reocín is <10km from Novales § Both are situated in the Basque-Cantabrian Basin § Diagonal line represents tonnage of Zn and Pb metal | ASX:VAR Source: USGS 11
Slide 12: Novales Mine in Close Proximity to World Class Reocín Mine
NOVALES MINE IN CLOSE PROXIMITY TO WORLD CLASS REOCÍN MINE | ASX:VAR Source: Google Maps; Variscan Mines 12
Slide 13: Zinc Price Performance (1960-2019)
ZINC PRICE PERFORMANCE (1960-2019) CURRENT PRICE ENVIRONMENT OFFERS 2-3x UPSIDE TO THE PREVAILING PRICES AT THE TIME OF MINE CLOSURE 5000.00 4500.00 4000.00 3500.00 3000.00 $/mt 2500.00 2000.00 Current prices look favourable 1500.00 on historical basis 1000.00 2x & 3x higher than prices at 500.00 ti
Slide 14: Future Opportunities
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Slide 15: Strategy: 2-Fold Opportunity
STRATEGY: 2-FOLD OPPORTUNITY UDIAS NOVALES MINE § Near Term Resource Potential § Regional Resource of Significant Scale § Early Stage Production Potential Opportunity § Reocín V2.0 ? | ASX:VAR 15
Slide 16: Novales-Udias: 68.3km2 of Contiguous Tenement Holding
NOVALES-UDIAS: 68.3km2 OF CONTIGUOUS TENEMENT HOLDING EXPLORATION & MINING CONCESSIONS ALREADY GRANTED* 55.8km2 Granted Exploration Concession, initial 3yr term, extendable by 3yrs 12.5km2 Granted Mining Concessions 18yrs to run 1k m | ASX:VAR * See ASX Announcement 29 July 2019 16
Slide 17: Novales-Udias: Significant Regional Geochemistry Anomalies
NOVALES-UDIAS: SIGNFICANT REGIONAL GEOCHEMISTRY ANOMALIES* | ASX:VAR * See ASX Announcement 06 November 2019 17
Slide 18: Novales-Udias: Recent Field Work on High Priority Targets
NOVALES-UDIAS: RECENT FIELD WORK ON HIGH PRIORITY TARGETS* HIGH-GRADE ROCK CHIP SAMPLES § Assay results of targeted samples taken from within the underground Novales Mine recorded: § 31.83% Zn and 62.3% Pb § Assay results of samples taken over the licence area recorded: § 33.16% Zn and 12.25% Pb at
Slide 19: Significant Historic Surface Drilling Database Collated
SIGNIFICANT HISTORIC SURFACE DRILLING DATABASE COLLATED* 102 SURFACE DRILL HOLES FOR +18,870M ACROSS THE NOVALES & BUENAHORA LICENCES § Significant high-grade zinc results at 4 distinct prospect areas: § Novales – San Jose: § 21.00m @ 5.40% Zn from 108.00m, including 6.00m @ 21.00% Zn § Novales – An
Slide 20: Novales Mine: High Grade Historic Surface Drilling Data
NOVALES MINE: HIGH GRADE HISTORIC SURFACE DRILLING DATA* | ASX:VAR * See ASX Announcement 03 February 2020 20
Slide 21: Udias: High Grade Historic Surface Drilling Results
UDIAS: HIGH GRADE HISTORIC SURFACE DRILLING RESULTS* | ASX:VAR * See ASX Announcement 03 February 2020 21
Slide 22: Significant Historic Underground Drilling Database Collated
SIGNIFICANT HISTORIC UNDERGROUND DRILLING DATABASE COLLATED* 201UNDERGROUND DRILL HOLES FOR +15,300M ACROSS THE NOVALES & BUENAHORA LICENCES § Very positive results from a sizeable database of historic underground drilling information § Establishing the exploited versus in-situ mineralisation is und
Slide 23: Novales Mine: Exceptional Historic Underground Drilling Results
NOVALES MINE: EXCEPTIONAL HISTORIC UNDERGROUND DRILLING RESULTS* § 8.40m @ 26.75%Zn from 15.20m § 12.90m @ 25.11 % Zn from 16.10m § 6.30m @ 29.89%Zn from 46.50m § 11.00m @ 21.64 % Zn from 135.50m § 7.05m @ 22.83%Zn from 1.95m § 9.00m @ 21.60 % Zn from 147.50m § 6.40m @ 25.05%Zn from 68.40m § 8.50m @
Slide 24: Highly Structured Work Plan to Deliver Results
HIGHLY STRUCTURED WORK PLAN TO DELIVER RESULTS ü Additional Historic underground drilling data Site works commenced establish safety and security ü of the Novales Mine site Synthesiation of historic and new information à ü Geological Model ü JORC Exploration Targets defined ü Maiden drill campaign l
Slide 25: Next Steps & Opportunities for Immediate-Term Results
NEXT STEPS & OPPORTUNITIES FOR IMMEDIATE-TERM RESULTS ADDITIONAL MULTIPLE PROJECTS NEAR TERM RESOURCE We continue to be agile and alert to additional PRODUCTION TARGETS value–accretive projects POSSIBILITY Both Toledo and Cantabria that are complementary have the right rocks to yield POTENTIAL The C
Slide 26: ESG
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Slide 27: We Respect the Local Environment
WE RESPECT THE LOCAL ENVIRONMENT SEEKING TO MINIMISE OUR IMPACT § Careful use of exploration techniques & technologies § Understanding local flora & fauna § Conduct Environment Impact Assessment in due course § Restoration of areas in which we conduct our activities § Care & respect in everything th
Slide 28: Open, Transparent Engagement with Local Leaders
OPEN, TRANSPARENT ENGAGEMENT WITH LOCAL LEADERS The President of Cantabria The Mayor of Alfoz de Lloredo Miguel Ángel Revilla Enrique Bretones Palencia § The Mayor of Ruiloba § The Mayor of Alfoz de Lloredo § The Mayor of Udías § The Mayor of Comillas | ASX:VAR 28
Slide 29: Zinc Mining Welcomed by the Government of Cantabria
ZINC MINING WELCOMED BY THE GOVERNMENT OF CANTABRIA ‘CHALLENGES & OPPORTUNITIES OF ZINC IN CANTABRIA’ MARCH 2019 The President of Cantabria, Miguel Ángel Revilla, commented: §that if the presence of sufficient material is confirmed, Cantabria will once again have mining activity which, in his opinio
Slide 30: Building Collaborative Relationships with Local Partners
BUILDING COLLABORATIVE RELATIONSHIPS WITH LOCAL PARTNERS LONG-TERM COMMITMENT & KNOWLEDGE TRANSFER § Signed Technical Memorandum and a Cooperation Agreement* with the University of Cantabria in Torrelavega § Commercial terms to collate, digitise and analyse the relevant information contained within
Slide 31: Supportive Local Spanish Partner & Shareholder
SUPPORTIVE LOCAL SPANISH PARTNER & SHAREHOLDER § Aníbal Group is owned by the Fernández-Sampedro family. Range of business activities including haulage, excavation and ground works, public and private construction works, road maintenance, rental and sale of industrial machinery, to aggregate mining
Slide 32: Zinc
ZINC
Slide 33: Zinc: An Essential Metal for Everyday Life
ZINC: AN ESSENTIAL METAL FOR EVERYDAY LIFE | ASX:VAR 33
Slide 34: Zinc: A Metal for a Greener Future
ZINC: A METAL FOR A GREENER FUTURE UNSUNG HERO OF THE CONSTRUCTION INDUSTRY BATTERY & ENERGY REVOLUTION ü Drive towards sustainable construction ü Zinc is rust and corrosion-resistant, weatherproof, ultra violet light proof and even earthquake proof à decades of service with virtually no degradation
Slide 35: Zinc: Contributing to the Circular Economy
ZINC: CONTRIBUTING TO THE CIRCULAR ECONOMY | ASX:VAR Source: International Zinc Association 35
Slide 36: Zinc: Positive Impact Due to New Technologies
ZINC: POSITIVE IMPACT DUE TO NEW TECHNOLOGIES | ASX:VAR Source: Rio Tinto 36
Slide 37: Zinc: Key Trends
ZINC: KEY TRENDS FALLING TOTAL TRACKABLE ZINC STOCKS FALLING CHINESE DOMESTIC ZINC STOCKS | ASX:VAR Source: Citi Group Research; International Zinc Association 37
Slide 38: Zinc Production in Spain (1999-2017)
ZINC PRODUCTION IN SPAIN (1999-2017) 250000 200000 150000 t Reocín closed in 2003 100000 50000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 | ASX:VAR Source: Euromines 38
Slide 39: Contact Us
CONTACT US Variscan Mines Limited Suite 8, 7 The Esplanade Mt Pleasant, Perth, WA 6153 Australia Telephone Email Website LinkedIn +61 8 93169100 [email protected] www.variscan.com.au Variscan LinkedIn Page Stay Connected Variscan Sign Up Link Email Alert Subscription | ASX:VAR 39
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