VAR variscan mines limited

Variscan Mines Limited live webinar Thursday, August 19, 2021, 11:00 AM EDT

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    Variscan Mines Limited live webinar
    Thursday, August 19, 2021, 11:00 AM EDT

    Drilling program set to re-commence shortly

    Strategically located near Glencore's Smelter


    16-Aug-2021 Drilling Contractor Appointed for Follow-Up at San Jose
    4-Aug-2021, Further Significant Zinc Discoveries at Novales Project
    15-Jul-2021 Structural Survey Identifies New Drill Targets at San Jose


    Variscan Mines Limited (ASX:VAR) focuses on developing its past-producing Novales-Udias and Guajaraz zinc polymetallic projects located in Spain. The company also owns high-impact base metal exploration projects in Chile and Australia.

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    HIGHLIGHTS

    • Strategic portfolio of high impact base metal projects in proven mining jurisdictions
    • Transformational acquisition of advanced projects in Spain
    • Strategic, long-term shareholders in Australia, Europe, and Singapore with an experienced leadership team
    • +$3m in funding for next stage of development Further growth through value-accretive acquisitions and deal-making

    HIGH IMPACT PORTFOLIO IN PROVEN MINING JURISDICTIONS

    PRIMARY FOCUS: SPAIN - Novales-Udias + Guajaraz
    • Zinc

    • Brownfield development opportunities
    • Exploration upside

    CHILE - Rosario
    • High-grade copper
    • Exploration
    • In proximity to El Salvador mine (Coldeco)

    AUSTRALIA
    • Tin + Zinc exposure
    • Free-carried JVs and NSR interests in SA and NSW
    • 19% equity holding in Thompson Resources (ASX.TMZ)

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    Source: Presentation found at https://www.variscan.com.au

    FOCUS ON: SPAIN

    NOVALES-UDIAS (ZINC)

    • Near term production opportunity
    • Former producing Novales mine; historic production ~7% Zn
    • Large tenement holding: 68.3km2
    • ~10km from Reocin deposit (62Mt @8.7% Zn, 1.0%Pb)
    • Trucking distance to the world’s 2nd largest zinc smelter (Glencore owned)
    • Access & infrastructure all in place

    GUAJARAZ (ZINC)

    • High-quality brown-field zinc-rich polymetallic opportunity
    • Former producing La Union Mine
    • Historic ENADMISA resource 5-10Mt @ 10% Zn, 0.5%Pb, 130g/t Au
    • Large permit area of 1,530 Ha
    • Existing access & infrastructure in place

    POSITIVE OUTLOOK FOR ZINC

    • Large drawdowns of refined zinc stocks → exchange inventories at critical levels
    • Global concentrate market → surplus due to decreased refined production in China and Rest of the World
    • The zinc market currently estimated to be moving into a smelter bottleneck, with concentrate surpluses and continued refined deficits;
    • Reduced mine guidance, flooding in Queensland, and environmental restrictions on small mines in China is putting the concentrate surplus at risk
    • Additional mine and smelter production needed to satisfy the zinc market.

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    Amvest Capital is an asset management and investment banking advisory firm providing capital and guidance to corporations in extractive industries mining, oil, gas, and agriculture sectors.

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    Securities offered through Four Points Capital Partners LLC (Member FINRA, SIPC). Four Points and Amvest Capital are not affiliated. This is neither an offer to sell nor a solicitation of an offer to buy interests in the project or any related entity, nor shall there be any sale of securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Any such offering can be made only at the time a qualified offeree receives a Confidential Private Offering Memorandum and other operative documents which contain significant details with respect to risks and should be carefully read. There can be no assurance that the investment objectives of the project or any related entity will be achieved or that historical performance of related people or projects is indicative of the performance it will achieve in the future. Past performance is not indicative of future performance. This presentation (and/or hyperlinks thereto) contains certain statements that may include "forward-looking statements". All statements, other than statements of historical fact, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements about the company’s future outlook on opportunities based upon current market and survey conditions. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. One should not place undue reliance on these forward-looking statements, which speak only as of the date of this discussion. Other than as required by law, the company does not assume a duty to update these forward-looking statements.

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