onlyTargeting ESG Tin Production | |
use | BRISBANE MINING- |
ersonal | |
ENERGY & MINERALS | |
INVESTOR CONFERENCE
23rd - 24th March 2022
ASX | VMS
www.ventureminerals.com.au
Disclaimer and Competent Persons Statement
FORWARD LOOKING STATEMENT
only | 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 and corporate objectives. | ||
▪ | Such forward-looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and | |
unknown risks, uncertainties and other factors many of which are beyond the control of Venture Minerals Limited. The forward-looking statements/projections are inherently uncertain and may | ||
therefore differ materially from results ultimately achieved; | ||
▪ | Venture Minerals Limited does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward- | |
looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws; | ||
COMPETENT PERSONS STATEMENT | ||
use | The information in this report that relates to Exploration Results, Exploration Targets and Minerals Resources is based on information compiled by Mr Andrew Radonjic, a fulltime | employee of the |
▪ | ||
company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits | ||
under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral | ||
Resources and Ore Reserves'. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. | ||
▪ | The information in this report that relates to Mineral Resources for the Mount Lindsay and Livingstone Projects is based on information compiled by Mr Andrew Radonjic, a fulltime employee of the | |
company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits | ||
under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 and 2012 Edition of the 'Australasian Code for Reporting of Exploration | ||
Results, Mineral Resources and Ore Reserves'. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This | ||
ersonal | information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially | |
changed since it was last reported. | ||
The information in this report that relates to Ore Reserves is based on information compiled by Mr Peter George, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr George is | ||
▪ | ||
an independent consultant. Mr George has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to | ||
qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr George consents to the | ||
inclusion in the report of the matters based on his information in the form and context in which it appears. | ||
NO NEW INFORMATION OR DATA | ||
▪ | All material assumptions and technical parameters underpinning the Minerals Resource and Reserve estimate referred to in previous ASX announcements continue to apply and | have not materially |
changed since last reported. The company is not aware of any new information or data that materially affects the information included in the announcement. | ||
www.ventureminerals.com.au | 2 |
Highlights
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only•
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•
ersonal•
Mount Lindsay Tin-Tungsten Underground Feasibility Study has commenced, leveraging off previous open-pit study which included >100,000m of diamond core drilling;
Recommenced Tin Exploration at Mount Lindsay leading to the discovery of two new mineralised Skarns, Venture is actively exploring for the next new Tin discovery;
Chalice has defined 11 new EM anomalies on 'Julimar lookalike' target (as defined by Chalice) at the South West Nickel-Copper-PGE Project and is preparing for drill testing;
Riley Iron Ore Mine prepared for a quick restart should the market conditions become favourable;
Downhole EM delineates large conductor under High Grade Zinc-
Copper-Gold drill intersections at Golden Grove North;
Ni-Cu-PGE portfolio significantly expanded through the recent acquisition of highly prospective tenure at the Kulin Project, effectively doubling Venture's Ni-Cu-PGE portfolio.
www.ventureminerals.com.au | 3 |
Corporate Snapshot
Market Snapshot ASX:VMS | Share Price and Volume | ||||||
Shares on issue | 1,669m | Share Price (A$) | Volume (Millions) | ||||
Share price | 3.8c | 0.20 | 200 | ||||
180 | |||||||
Unlisted options1 | 45.9m | 0.15 | 160 | ||||
140 | |||||||
Market capitalization | 63.5m | 120 | |||||
0.10 | 100 | ||||||
onlyCash balance (31 Dec 2021) | |||||||
9.2m | 80 | ||||||
0.05 | 60 | ||||||
Debt (31 Dec 2021) | 0.0m | 40 | |||||
use | 20 | ||||||
Enterprise value | 54.3m | 0.00 | 0 | ||||
Mar-21 | Jun-21 | Sep-21 | Dec-21 | Mar-22 | |||
1. 7m @ A$0.001, 13.5m @ A$0.052, 19.9m @ A$0.06, 1m @ | Volume | Price | |||||
A$0.45, 2m @ A$0.50, 2.5m @ A$0.55 | |||||||
200% | Tin Price (US$/t) | ||||||
Major Shareholders | % | 180% | |||||
ersonal | 160% | ||||||
Top 20 | 16.9 | ||||||
Elphinstone Holdings Pty Ltd | 3.15 | 140% | |||||
120% | |||||||
Republic Investment Management Pte Ltd | 2.88 | 100% | |||||
WGS Pty Ltd | 1.30 | 80% | |||||
60% | |||||||
40% | |||||||
Mar-21 | Jun-21 | Sep-21 | Dec-21 | Mar-22 | |||
www.ventureminerals.com.au | 4 |
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
only | ||||||
use | Mel Ashton | Andrew Radonjic | Dr Stuart Owen | |||
Non-Executive Chairman | Managing Director | Exploration Manager | ||||
▪ Chairman of Venture Minerals | ▪ | Mine Geologist and Mineral | ▪ | BSc & PhD in Geology, member | ||
Limited; | ▪ | Economist; | of the AIG and over 25 years | |||
▪ Over 40 years experience as a | >35 years experience with a focus | of experience in mineral | ||||
ersonal | ||||||
Chartered Accountant, | on gold and nickel in the Eastern | exploration which included gold | ||||
specialising in Corporate | ▪ | Goldfields of Western Australia; | ▪ | and nickel; | ||
Restructuring & Finance and as | Instrumental in three significant | Senior Geologist in the | ||||
a Professional Company | gold discoveries north of Kalgoorlie | exploration team that discovered | ||||
Director; | that led to the pouring of over 1.5 | and | delineated the Paulsens | |||
▪ Held executive directorships | million ounces; | Gold | Deposit in the Ashburton | |||
with a number of successful | ▪ | Co-lead the exploration team during | region of WA; | |||
ASX listed companies. | the discovery of the Mount Lindsay | Exploration Manager in the | ||||
Tin-Tungsten-Magnetite deposits, | Adamus team that discovered | |||||
and | delineated the Southern | |||||
Tasmania; | ||||||
Ashanti Gold Deposits, Ghana; | ||||||
▪ Held Managing Director role at | ||||||
▪ | Exploration Manager for | |||||
Nickelore Limited; | ||||||
Venture during the discovery of | ||||||
▪ Co-founded Blackstone Minerals | ||||||
the Mt Lindsay Tin-Tungsten- | ||||||
Limited. | ||||||
Magnetite deposits, Tasmania. | ||||||
www.ventureminerals.com.au | 5 | |||||
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Venture Minerals Limited published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 03:13:06 UTC.