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CRITICA LIMITED — Investor Presentation 2008
Feb 25, 2008
64706_rns_2008-02-25_fd4f4b34-af91-4027-987b-4dce783bae5d.pdf
Investor Presentation
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Venture Minerals Ltd (VMS)
Mount Lindsay Project February 2008
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Mount Lindsay-“compelling in 3 major ways”
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Location -
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Production Precedent (Savage River & Renison Bell)
� Infrastructure (water, power, road, rail & port)
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Expected Low Capital Expenditure -
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Com p arison to other p ro j ects
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Advantage in current debt market
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Short lead time
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Exposure to Multiple Commodities -
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Iron ore
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Tin
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Tun g sten
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Copper
Capital Structure
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- Listed on ASX:
22 Sep 2006
- Shares on issue:
51.5 million . 3 m illi on ra t d ea bl e (34 )
- Market Cap
$15 . 5 million
- Management Ownership:
33%
- Cu rr e nt Cas h in ba nk:
A $ 2.4 milli o n
- Current Share Price:
30c
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Directors/Management
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Experienced management team in all areas of operations, with a focus on accelerated drill p ro g rams
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Mr Mel Ashton ; Non-Executive Chairman Regional Councillor at the Institute of Chartered Accountants, a number of other Board Appointments including Chairman of Gryphon Minerals Limited and Vice President/Director of the Fremantle Football Club.
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Mr Andrew Radonjic ; Managing Director Geologist with over 20 years experience, instrumental in three gold discoveries totaling >3 Mozs and in developing over 1Mozs . Most recently the MD for Nickelore Limited where was .
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responsible for more than a four fold increase in the market capitalisation
� Mr Hamish Halliday ; Non-Executive Director Founding Director of successful junior exploration company Adamus Resources Limited which has grown from a $3 Million float to now owning a multi-million ounce gold project with an estimated NPV o f $180 Milli on.
� Mr Kent Hunter ; Non-Executive Director/ Co Secretary Over 15 years’ corporate and company secretarial experience. Has been involved in the listing of 15 junior exploration companies on the ASX in the past 4 years with capital raisings . exceeding $54 million
� Dr Stuart Owen ; Exploration Manager Instrumental in the discovery of the Paulsens Deposit and the development of the Adamus Resources Limited’s - Southern Ashanti Gold Project where a multi million ounce resource was identified for a discovery cost of less than US$10 per ounce. Recently was consulting to an Uranium exploration company.
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Recent Highlights
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� New Iron Zone discovered at Stanley River- 31m @ 61.9%Fe
� - Metallurgical results far exceed expectation 150 micron grind
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Excellent results from Venture’s first drill holes- 46m @ 43.4%Fe
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Three Drill rigs on site- completing 10,000 metres.
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Location of Mount Lindsay (Renison West) Project
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1,000Km
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Tenement Locations
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Savage River Mine
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Magnetite Potential
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Only 17 of the 81 historic holes have been assayed for Iron in the m nera i li se d Ti n zones.
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15 of those drill intersections have an average width of 24m at a weighted average grade of 32%Fe.
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One drill intersection was selected for initial metallurgical testwork, results of which produced a magnetic concentrate assaying above 68% Fe. The concentrate was described b ProMet En ineers as “a y g
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high quality concentrate product”.
� T o d a e t on yl 4 kilometres of the 22 kilometres of magnetic skarns currently identified in the company’s tenure has been drill tested.
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Tenement Locations
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Drill Plan –No.2 Zone
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ML37 Drill Section
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150m
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330m NW-New Drilling
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50m
1
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Long Section-No.2 Zone
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150m
150m
50m
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Drill Plan-No.2 Zone with the Main Zone
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Mount Lindsay Project
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Regional Magnetics With Target Zones
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Power
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Road and Rail
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Water
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Port at Burnie
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Metallurgical Testwork – Second Stage Results
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G r n i d Si ze 4 ti mes coarser m cron i an mos o t th er M tit e (150 ) th agne
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Projects = Cost Savings.
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Most other Magnetite Projects are BIF hosted deposits that require a grind of 40 micron or less to achieve saleable iron ore product.
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Standard Davis Tube Recovery results confirm high quality concentrate p roduct with 69%Fe , 1.5%SiO 2, 0.02%P & 1.9%S.
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Coarse Grind Size beneficial to a potential Tin recovery circuit.
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Tin Potential
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L oca e t d 15 k m NW an d a ong s r l t ik e o t th e en son e R i B ll Mi ne w hi c h has produced more than 200,000t of Tin worth >$3.5 Billion today.
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Tin mining began at Mount Lindsay during the 1890s.
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Substantial tin mineralisation within historic drill results including 16.1 metres @ 1.55% tin, 10.9 metres @ 1.72% tin, 23 metres @ 0.79% tin and 36.2 metres @ 0.49% tin.
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Potential for a significant stand alone Tin Deposit.
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Magnetite production by-products (Tin, Tungsten & Copper).
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Current Work Program
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V en ure as con rac e t h t t d th ree r D ill Ri gs w ith an n i iti a campa gn o up o l i f t 10,000 metres of Diamond Core to be completed by June 2008, with 3,000 metres already completed.
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Fugro Airborne Surveys Pty Ltd completed a detailed airborne .
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magnetic survey in December This will soon provide further information on the magnetite tonnage potential of the project.
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ProMet Engineers will do additional coarse grind analysis on the No.2 Zone, DTR analysis on the Main Zone and, combined Tin liberation testwork .
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Going Forward
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Maiden Resource Statement
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Scoping Study
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Phase Two Drill Program
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Resource Update
| �I d t C i n us ry ompar sons- |
�I d t C i n us ry ompar sons- |
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| Magnetite Deposit WilcherryHill |
Company Ironclad Mining |
Ownership 50�80% |
Resource Tonnage* 44Mt |
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| Cairn Hill | IMX Resources | 100�90% | 14.3Mt | ||
- Publically announced JORC compliant resources
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THE END
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For to date information click to our website up please www.ventureminerals.com.au
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