Vault Minerals Ltd
ASX:VAU
Vault Minerals Ltd
Vault Minerals Ltd is a AU-based company operating in Metals & Mining industry. The company is headquartered in Perth, Western Australia. Vault Minerals Limited, formerly Red 5 Limited, is an Australia-based diversified, mid-tier gold company. The firm operates in four established mining hubs of scale in the tier one gold jurisdictions of Western Australia and Ontario, which consist of King of the Hills Operations, Deflector Operations, Mount Monger Operations, and the Sugar Zone Project. The King of the Hills Gold Mine is located 28 kilometers (km) north of the town of Leonora. The Deflector Gold Copper Mine (Deflector) is located in the southern Murchison region of WA, 450 km north of Perth and 160km east of the Western Australian regional city of Geraldton. The Mount Monger goldfield is located 50 km southeast of Kalgoorlie and is accessible via the Mount Monger Road, which is bitumen for 15 km then an all-weather road for the remaining 35 km. The Sugar Zone mine is a high-grade underground mine in Northern Ontario, approximately 30 km north of White River or midway between Thunder Bay and Sault St. Marie.
Vault Minerals Ltd is a AU-based company operating in Metals & Mining industry. The company is headquartered in Perth, Western Australia. Vault Minerals Limited, formerly Red 5 Limited, is an Australia-based diversified, mid-tier gold company. The firm operates in four established mining hubs of scale in the tier one gold jurisdictions of Western Australia and Ontario, which consist of King of the Hills Operations, Deflector Operations, Mount Monger Operations, and the Sugar Zone Project. The King of the Hills Gold Mine is located 28 kilometers (km) north of the town of Leonora. The Deflector Gold Copper Mine (Deflector) is located in the southern Murchison region of WA, 450 km north of Perth and 160km east of the Western Australian regional city of Geraldton. The Mount Monger goldfield is located 50 km southeast of Kalgoorlie and is accessible via the Mount Monger Road, which is bitumen for 15 km then an all-weather road for the remaining 35 km. The Sugar Zone mine is a high-grade underground mine in Northern Ontario, approximately 30 km north of White River or midway between Thunder Bay and Sault St. Marie.
Production: Red 5 produced 50,132 ounces of gold in the March quarter, marking the fourth time production exceeded 50,000 ounces in a quarter.
Costs: All-in sustaining cost was $1,926 per ounce, with the company on track to meet annual cost guidance.
Revenue & Pricing: 49,726 ounces were sold at an average realized price of $2,719 per ounce, generating almost $140 million in sales.
Cash Flow: Free cash flow for the quarter was $15 million, despite increased operational and capital expenditure.
Growth CapEx: Full year growth capital investment guidance was raised to $50–53 million to accelerate waste stripping and derisk future production.
Merger Update: The proposed merger with Silver Lake Resources is progressing well, with completion expected in June subject to approval.
Operational Milestones: The King of the Hills processing plant set a new record with 1.2 million tonnes crushed in the quarter.
