VENARI MINERALS NL - Investor Presentation 2012

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ABN
96
007
090
904

Investor
Presenta,on Mineral
Sands March
2012

**IMPORTANT

NOTICE**

This
presenta4on
contains
only
a
brief
overview
of
Astro
Resources
NL
(“Astro
Resources”
or
the “Company”),
its wholly
owned
subsidiaries
and
its
respec4ve
ac4vi4es
and
opera4ons.
The
contents
of
this
presenta4on
may
rely
on various
assump4ons
and
subjec4ve
interpreta4ons
which
are
not
possible
to
detail
here
and
which
are
not
yet subject
to
independent
verifica4on.

The
presenta4on
contains
a
number
of
forward
looking
statements.
Known
and
unknown
risks
and
uncertain4es,
as well
as
factors
outside
of
the
Company
control,
may
cause
the
actual
results,
performance
and
achievements
of
the Company
to
differ
materially
from
those
expressed
or
implied
in
this
presenta4on.

To
the
maximum
extent
permiNed
by
law,
Astro
Resources
and
its
officers,
employees
and
advisors
are
not
liable
for any
loss
or
damage
(including,
without
limita4on,
any
direct,
indirect
or
consequen4al
loss
or
connec4on
with
it).

The
informa4on
contained
in
this
presenta4on
is
not
a
subs4tute
for
detailed
inves4ga4on
or
analysis
of
any par4cular
issue
and
has
been
prepared
without
considera4on
of
your
objec4ves
and
needs
and
financial
posi4on. Current
and
poten4al
investors
and
shareholders
should
seek
independent
advice
before
making
any
investment decision
in
regard
to
Astro
Resources
NL
or
its
ac4vi4es.

CONSENT

OF
COMPETENT
PERSON

The
informa,on
in
this
announcement
that
relates
to
Mineral
Resources
is
based
on
informa,on
reviewed
by
Mr. Adrian
Griffin,
a
Member
of
the
Geological
Society
of
Australia
and
of
the
Australasian
Ins,tute
of
Mining
and Metallurgy
and
consultant
to
the
Company.
Mr.
Griffin
has
sufficient
experience
that
is
relevant
to
the
styles
of mineralisa,on,
types
of
deposits
and
explora,on
ac,vi,es
undertaken
to
qualify
as
a
Competent
Person,
as
defined
in the
2004
edi,on
of
the
Australasian
Code
for
Repor,ng
of
Mineral
Resources
and
Ore
Reserves.
Mr.
Griffin
consents to
inclusion
in
the
report
of
the
informa,on
in
the
form
and
context
in
which
it
appears. .

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2
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**Mineral

Sands
Technical
&
Opera,ons**

**Geoff

Richards
–
Opera,ons
Manager**

§ 30+
years
experience
in
the
resources
explora4on
industry
§ Ex-‐Chief
Geologist
for
mineral
sands
market
leader
Iluka
Resources Lindsay
Cahill
-‐
Explora,on
Manager
§ 30+
years
experience
in
resource
projects
from
explora4on
to
produc4on
§ Previous
head
geologist
for
the
project
under
Metal
Sands

**Patrick

McManus
-‐
Mineral
Processing
Specialist**

§ 25+
years
specialised
experience
in
mineral
processing
and
management
§ Ex-‐Rio
Tinto
(Madagascar),
Bemax
(South
West
WA)
and
Cable
Sands
(Murray
Basin) Adrian
Griffin
-‐
Industry
Specialist
§ 30+
years
industry
experience
in
project
development
and
management
§ Chairman
of
Potash
West.
Ex-‐
Metal
Sands

**TZ

Minerals
Interna,onal
-‐
Feasibility
&
Advisory**

§ Global
Leader
Mineral
Sands
Advisory
Group

**Geostat

Services
-‐
External
Resource
Geologist**

§ Specialist
Mineral
Sands
Resource
Geologist

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3
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**Hi gh

Poten,al
Strong
Growth
Project
Focus**

Projects

§ Flagship
ScoN
Coastal
Plain
Mineral
Sands Project
located
south
of
Perth
in
close proximity
to
established
infrastructure
and port
facili4es
§ Astro
holds
a
por_olio
of
high
growth poten4al
projects
all
within
established major
resource
produc4on
regions
of
WA
§ Primary
focus
on
expedi4ng
the
upgrading of
the
ScoN
Coastal
Plain
resource
from JORC
Inferred
to
Indicated
and
Measured status
in
prepara4on
for
advanced feasibility
studies
and
development
§ Astro
holds
addi4onal
diamond
and uranium
explora4on
assets
in
north-‐ eastern
WA

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**ScoS

Coastal
Plain
Mineral
Sands
Project**

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§ Astro
holds
an
80%
interest* in
the
ScoN
Coastal
Plains
Mineral
Sands
Project
§ Approximately
400
sq.
km located
east
of
Augusta
in
South
Western
Australia
within
the heart
of
a
prolific
mineral
sands
region
adjacent
to
significant
established
resources
§ Close
proximity
to
established
infrastructure including
sealed
highways,
power,
water sources
and
exis4ng
mineral
sand
export
port
facili4es
at
Bunbury

*Minority
Shareholder
free
carried
to
Feasibility
Study

**All
JORC
Resource
stated
in
image
are
‘Inferred
Category’

**Si gnificant

and
open
Resource
Base**

§ The
ScoN
Coastal
Plain
Project
consists
of
3
dis4nct
project
areas:
The
flagship
Governor Broome
Deposits,
Warner
Glen
and
Rover
Range.
§ Explora4on
and
drilling
programs
targe4ng
upgrade
of
Governor
Broome
East
from
JORC Inferred
to
Indicated
status.
§ Governor
Broome
deposit
remains
open
with
further
drilling
planned
to
further
expand exis4ng
resource

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**Si gnificant

Explora,on
Upside**

§ Explora,on
focus -‐ high
grade
strandlines
between
Governor
Broome
and Jangardup
deposits
parallel
to
the
Barlee
Scarp

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**Governor

Broome
–
Historic
Explora,on**

§ Extensive
and
documented
historical
drilling of
1,300
holes
drilled
for
a
total
of 17,364m
providing
a
strong
background
for
project
defini4on
and
development

§ Governor
Broome
(North
&
South)
– 501
holes
(49.3m
tonnes
@
5%
HM )
§ Governor
Broome
East
– 675
holes
(105m
tonnes
@
3.99%
HM )

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**Governor

Broome
-‐
Product
Mix**

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Source:
2006
MinProc
scoping
study

§ Solid
suite
of
valuable
products including
Zircon
and
Titanium
Minerals
§ Robust
in-‐fill
and
extension
drilling
over
Governor
Broome
East
Resource
to
commence
in current
field
season.
§ Detailed
mineral
assemblage
tes4ng
planned
in
conjunc4on
with
resource
upgrade

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**Governor

Broome
Cross
Sec,on**

High-‐grade
ore
zone
located
close
to
the
surface

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10
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**Environmental

&
Rehabilita,on**

Comprehensive
Environmental
Oversight:
Dr.
Nicole
Mann
specialist
environmental
manager
with
extensive
local south-‐west
environmental
experience
Environmental
database
compila4on
and
profiling
Flora
and
Fauna
surveys,
Hydrological
studies
Comprehensive
internal
management
and
procedure
policies
Mining
Method
–
specific
for
local
environment:
Proposed
Mining
Method
(Dozer
Trap)
and
Tailing
Management
to mi4gate
poten4al
Slimes
and
the
Pyrite/Acidity
issues.
Rehabilita,on
post-‐mining:
Target
mineralisa4on
comparable
to
Jangardup
Project

(23kms
South East)
–
providing
a
good
example
of
successful
mining
and
local rehabilita4on
for
farmland
and
na4ve
vegeta4on

Quality
of
land
upgraded
post-‐mining
through
rehabilita4on
(significant value
add
to
landholders)

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**Warner

Glen
&
Rover
Range**

Large
Scalable
Upside
Available

Warner Glen

§ BHP
(1994)
es4mated
an
Indicated
JORC Resource
of 106
Mt
at
2.82%
ilmenite
§ Mineralisa4on
open
to
the
North
and
to
the East

Rover Range

§ Inferred
JORC
Resource
of 701
Mt
at
2.6% ilmenite
§ Environmental
reviews
alongside landholder
nego4a4ons
to
be
undertaken to
determine
forward
strategy

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**Wh y

Mineral
Sands?**

Why Mineral Sands?

Mineral
sand
deposits
are
the
primary
economic
source
for
two
essen4al
resources
fueled
by Zircon Titanium Minerals economic
development
and
urbanisa4on
in
emerging
markets: and Zircon ( Zirconium Silicate )

§ Demand
driven
by
applica4on
as
essen4al
opacifier
in
the
decora4ve
ceramics
industry
fueled by
demand
for
residen4al
and
commercial
4les
par4cularly
from
China
(2.8
billion
4les
in
2010 alone)
§ Supply
constrained
by
dominant
posi4on
of
Iluka
Resources
(30%+
of
total
market)
ensures stable
and
strong
prices
in
the
near-‐mid
term

Titanium Minerals

§ Titanium
Dioxide
is
one
the
whitest
substances
available.
§ In
2010,
91%
of
total
produc4on
was
used
for
pigment
of
which:
57%
for
paints;
24%
for plas4cs;
and
9%
for
paper.
§ Titanium
Dioxide
is
found
in
nature
in
impure
forms
and
graded
accordingly:

Name Ilmenite	TiO2% 48- 55	MarketPriceUSD/t 250
Leucoxene	65- 90	750
Sythe4c Ru4le	88- 94	1,075
Ru4le	92- 96	1,340

*
Iluka
Resources
(2011),
Industry
Minerals
(2011)

13 13

**Stron g

Market
Prices**

Strong
demand
trend
has
produced
record
prices

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**Sustainable

Product
Pricing**

Con,nued
growth
ensures
favorable
future
pricing

Deutsche
Bank
(2012)

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**Next

12
Months**

§ Increase
confidence
in
the
Governor
Broome
East
JORC
resource
Ø Approx.
4,000m
‘in-‐fill’
and
extensional
drilling
–
Commencing
April
2012
Ø Metallurgical
tes4ng
and
mineral
assemblage
Ø Targe4ng
upgrade
of
high-‐grade
strandlines
to
an
‘Indicated’
JORC
resource

§ **Tes,ng

extensions
of
mineralisa,on**

Ø Ground
Magne4cs
over
targeted
areas
Ø Confirm
con4nua4on
of
strandlines
to
the
east
of
the
known
resource
Ø Confirm
consistency
of
strandlines
between
known
occurrences
§ Op,misa,on
studies
Ø Bulk
sampling
and
pilot
tes4ng
Ø Resource
defini4on
and
modelling
Ø Prepara4on
and
commencement
of
scoping
studies
and
preliminary
mine
planning
§ Environmental
Planning
Ø In-‐field
(flora/fauna)
surveys
Ø Benchmark
studies
(hydrological
and
environmental
profiling)
Ø Commencement
of
approval
applica4ons
(including
local
and
state
liaison)

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**Cor porate

Overview**

INDICATIVE CAPITAL STRUCTURE SHARE PRICE LAST 12 MONTHS *

Share
Price
(at
issue) 0.2c Shares
on
issue 3,488,055,315 Current
Op7ons
on
issue 526,733,000
(1c+) New
Op7ons
on
issue 739,505,186
(0.5.c) Market
Capitalisa7on ~$
7
M Cash
at
Bank
(post
issue) ~$
3.2
M AND MANAGEMENTMANAGEMENT Mr
Peter
Jermyn Chairman Robert
Hyndes Director Malcolm
Macleod Director Graham
Libbesson Director

BOARD AND MANAGEMENTMANAGEMENT

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*
Indica,ve
Capitalisa,on
post
Placement
and
Fully UnderwriYen
Rights
Issue
(as
announced
23[rd] Feb)

**Cor porate

Summary**

Board of Directors

Peter
Jermyn Chairman

35
years
of
global
experience
from
explora4on
to produc4on
of
minerals
in
Australia,
Canada,
Africa,
the
US and
Indonesia.

Robert
Hyndes Execu4ve
Director

Proven
track
record
in
leading
and
managing
emerging
and growth
stage
projects
with
global
experience
in
Australia, UK,
Asia
and
the
US.

Malcolm
Macleod Director

40
years
experience
in
the
mining
and
resources
industry in
Australia,
Africa,
Europe
and
Central
Asia.

Graham
Libbeson Director

Chartered
Accountant
with
over
30
years
experience
in management,
mergers
and
acquisi4ons
and
financial transac4ons.

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18
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Summar y

§ Strong
and
proven
technical,
opera,onal
and
management
team

§ Ac,ve
explora,on
program
with
significant
explora,on
upside

§ Significant
and
open
resource
base

§ Con,nued
strong
outlook
for
mineral
sands
product
prices

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AI assistant

VENARI MINERALS NL Investor Presentation 2012

66012_rns_2012-02-29_d442455f-9bc9-45e5-b959-5ca20c26241a.pdf

**IMPORTANT

CONSENT

**Mineral

**Geoff

**Patrick

**TZ

**Geostat

**Hi gh

Projects

**ScoS

**Si gnificant

**Si gnificant

**Governor

**Governor

**Governor

**Environmental

**Warner

Warner Glen

Rover Range

**Wh y

Why Mineral Sands?

Titanium Minerals

**Stron g

**Sustainable

**Next

§ **Tes,ng

**Cor porate

INDICATIVE CAPITAL STRUCTURE SHARE PRICE LAST 12 MONTHS *

BOARD AND MANAGEMENTMANAGEMENT

**Cor porate

Board of Directors

Summar y

AI assistant

VENARI MINERALS NL — Investor Presentation 2012

66012_rns_2012-02-29_d442455f-9bc9-45e5-b959-5ca20c26241a.pdf

**IMPORTANT

CONSENT

**Mineral

**Geoff

**Patrick

**TZ

**Geostat

**Hi gh

Projects

**ScoS

**Si gnificant

**Si gnificant

**Governor

**Governor

**Governor

**Environmental

**Warner

Warner Glen

Rover Range

**Wh y

Why Mineral Sands?

Titanium Minerals

**Stron g

**Sustainable

**Next

§ **Tes,ng

**Cor porate

**INDICATIVE CAPITAL STRUCTURE SHARE PRICE LAST 12 MONTHS ***

BOARD AND MANAGEMENTMANAGEMENT

**Cor porate

Board of Directors

Summar y

More from VENARI MINERALS NL

VENARI MINERALS NL Investor Presentation 2012

INDICATIVE CAPITAL STRUCTURE SHARE PRICE LAST 12 MONTHS *