AN EMERGING HIGH-GRADE GOLD COMPANY Rapidly developing & exploring the Marymia Gold Project in Western Australia Investor Presentation | May 2019 ASX: VAN
Disclaimer and Important Information Disclaimer This presentation has been prepared by Vango Mining Limited (“Company” or “Vango”) to provide summary information about Vango and its activities as at the date of this presentation. The information contained in this presentation does not purport to be complete, and it should be read in conjunction with Vango’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. This presentation contains forecasts and forward looking statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes may differ from those outlined herein. The presentation should not be construed as an offer or invitation to subscribe for or purchase securities in Vango. Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forward- looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on any forward-looking statements that speak only as of the date hereof, and other than as required by law the ASX listing rules. Vango does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events. Neither the Company, its related bodies corporate nor any of their directors, officers, employees, agents or contractors make any representation or warranty (either express or implied) as to the accuracy, correctness, adequacy, reliability or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law. Competent person’s statement The information in this report that relates to Exploration Results has been reviewed, compiled and fairly represented by Mr Jonathon Dugdale, a Fellow of the Australian Institute of Mining and Metallurgy (“FAusIMM”) and a full time employee of Discover Resource Services Pty Ltd, contracted to Vango Mining Ltd. Mr Dugdale has sufficient experience relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (“JORC”) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Dugdale consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. Mr. Dugdale has over 32 years experience in gold and other metals exploration and resource delineation and evaluation. The Statement of Mineral Resource Estimates for the Trident gold deposit has been compiled by Dr. Spero Carras who is a full - time employee of Carras Mining Pty Ltd and a Fellow of the Australian Institute of Mining and Metallurgy (“FAusIMM”). Dr. Carras has sufficient experience relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (“JORC”) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Dr. Carras consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. Dr. Carras has over 40 years experience in gold mine evaluation. 2
Our Vision To become a significant, long term, high-grade gold producer Become Complete requisite studies & approvals to facilitate high-grade gold mining and 1 a Gold The Marymia Gold processing operations at Marymia Gold Producer Project is one of Project Australia’s most Leverage extensive high-value significant, pre- Grow our exploration database to identify new 2 development high- targets and undertake targeted Gold Asset exploration to grow the gold asset base grade gold projects… with exceptional Proactive, ongoing market engagement Build exploration and campaign to build awareness of the 3 our investment opportunity that Vango Mining discovery potential Brand presents 3
Corporate Overview Well funded with strong share price growth BOARD VANGO MINING LTD ASX: VAN Shares on Issue (1 May 2019) 596.9m Bruce McInnes Executive Chairman 12 Month Trading Range $ per share (to 1 May 2019) $0.076 – $0.250 Sean Zhou Managing Director Market Capitalisation @ $0.17/share (1 May 2019) $101m Dr Carol Zhang Executive Director Approx. Cash (31 March 2019) $4.4m $1.5m @ 18c MANAGEMENT Convertible Notes/Debt (31 March 2019) $2.5m @ 7c $10.5m debt Ian Morgan Company Secretary 16.3m strike price 27c, Options (1 May 2019) Spero Carras Resource/Reserve Consultant expiry 11 July 2020 Steve Clynk Head of Strategy and Planning SHAREHOLDERS Jon Dugdale Chief Exploration Geologist Top 20 68% Directors 21% Glyn Povey Registered Manager/ Project Manager Mr Ruogo Ma 14% Brian Williams Operations Manager Mr YanChao Guo 14% Mr Malcolm Smith 7% Vango has established a highly Mr Christopher Kuznetsoff 6% experienced team with a strong track record of discovery and development 4
The Vango story so far Clear focus… activity driving performance Bonanza high-grade gold at Trident; 11m @ 36.2 g/t Au Resource drilling at Extensional 0.30 120 incl. 2m @ 184 g/t Au Trident West New high-grade gold target drilling triples the MOU with ChinaZhengHe identified at Apex prospect size of Trident Industrials Ltd for Project target funding & construction Further high-grade 0.25 intersections; 100 7m @18.2g/t Au from 218m incl. 2m @ 44g/t Au Further High-grade High-grade intersections; VAN market capitalisation Dampier Gold takeover intersections; 7.15m @ 17.1g/t Au bid closes - VAN holds 11m @ 20.2g/t Au, incl. 3.6m @ 24.4g/t Au 0.20 80 High-grade intersections; 22% of DAU $10m incl. 2m @ 93g/t Au VAN share price 6m @ 15.4g/t Au funding incl. 4m @ 22.5g/t Au & facility 2017 drilling season 0.39m @ 101g/t Au secured commences at Trident Off-market takeover bid for 0.15 60 Dampier Gold (DAU) launched New discovery at Cinnamon Deposit; 2018 drilling season 2m @ 9.5g/t Au & 100% acquisition of commences at Trident Exceptional 18m @ 3.1g/t Au Marymia Gold Project Technical & 0.10 Upgraded DFS 40 metallurgy results completed High-grade drilling results operations for K2 Deposit – potential for very $5.1m Placement at management team at Trident West; 11m @ high gold 18c per share 5.7g/t from 67m appointed recoveries, low incl. 2m @ 14.2g/t cost crushing & grinding 0.05 20 Debt retired from balance New high-grade Resource at Trident; 1.6Mt Additional high-grade drilling results; sheet; $5.4m converted to Term Sheet signed with @ 8.0g/t Au for 410,000oz of gold 8.8m @ 6.1g/t Au from 144m equity & $2.5m converted to Dampier Gold for proposed incl. 3m @ 9.8g/t Au JV for K2 Gold Deposit convertible note 0.00 0 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 VAN price (A$) VAN market cap (A$m) 5
Advancing towards becoming a significant Gold Producer 6
Vango’s Flagship Marymia Gold Project 100% owned and strategically located in WA’s prolific mid-west mining district • Very high-grade Brownfields gold project includes 45 granted Mining Leases over a total area of >360km 2 • Covers 80% of world-class Marymia Greenstone Belt, along strike from >5.5Moz Plutonic Gold Mine and ~60km from world class DeGrussa Copper Mine • Established high-grade gold resources, underpinned by new very high-grade Resource at flagship Trident Deposit • Extensive infrastructure in place: established camp, operating airstrip, extensive core farm, water and power, access roads and haul roads • Mining and processing plan well advanced to deliver Vango’s goal of becoming a stand-alone gold producer • Project-wide exploration focus to deliver additional resources to support future production growth 7
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