Vulcan Energy Resources Ltd. · ASX:VUL
Vulcan Energy Resources — Investor Presentation (July 2025)
25 slides from Vulcan Energy Resources's investor presentation, Jul 10, 2025
Slide 1: Corporate Presentation July 2025
For personal use only Corporate Presentation DETERMINED FOR A July 2025 ASX/FSE: VUL BETTER TOMORROW
Slide 2: Disclaimer
DISCLAIMER1 Disclaimer, acknowledgement and agreement. Vulcan, to the maximum extent permitted by law, expressly excludes and disclaims all liability (including, without limitation, any liability arising out of fault or negligence on the part of any person) for any direct, indirect, consequential or
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Low cost, sustainable and optimally positioned for EU market Globally significant project with an initial 30-year project life just from Phase One, and 29.1 Mt LCE Resource1 For personal use only Low-cost, energy-generative lithium project benefiting from naturally-heated b
Slide 4: World-class lithium & geothermal district
Industrie-Park Höchst Downstream LHM production WORLD-CLASS LITHIUM & GEOTHERMAL DISTRICT Ability to expand to 3 phases Frankfurt Ability to expand with low cost, sustainable production • Global tier-one lithium resource, and largest in Europe: 29.1 Mt LCE estimated in 10 of Vulcan’s 17 licences alo
Slide 5: Powering ahead: Europe's battery projects on the rise
POWERING AHEAD: EUROPE’S BATTERY PROJECTS ON THE RISE No existing supply of lithium chemicals from Europe – Vulcan vital to secure local supply The European battery industry is robust and # Owner O p e r a t i n g cell plants Status European Cell (LHS) a n d C A M plants # Owner Status ( R HS) O p e
Slide 6: Result: European market structurally short of lithium
RESULT: EUROPEAN MARKET STRUCTURALLY SHORT OF LITHIUM Lithium supply in a structurally short market Global Supply / Demand Balance For personal use only Expected global supply shortfall for LHM relative to growth rates in lithium battery production Supply/demand balance even more acute in Europe, wh
Slide 7: A Snapshot: Lionheart Phase One in figures
A SNAPSHOT Lionheart Phase One in figures1 €3.5bn 21.7% €756m For personal use only Pre-tax NPV Pre-tax IRR Average revenues p.a. Vulcan’s Lionheart produces both baseload geothermal energy and lithium hydroxide 24kt LHM for electric vehicle (EV) batteries from the 29.1 Mt LCE 30 years 275GWh power
Slide 8: Recent key Lionheart Project achievements
RECENT KEY LIONHEART PROJECT ACHIEVEMENTS A transformational period for the Project Production of battery-quality lithium hydroxide monohydrate (LHM) only achievements Vulcan awarded EU Strategic Project status under the Critical Raw Materials Act use Commenced the first new production well fo
Slide 9: Integrated brine-to-battery solution
INTEGRATED BRINE-TO-BATTERY SOLUTION Renewable energy driving sustainable lithium production 275GWh power LiCl concentrate for 24,000tpa Phase one 560GWh heat1 24,000tpa LHM equivalent LHM1 2. Well 3. Geothermal 4. Lithium Extraction Plant 5. Central Lithium Plant Electric For personal use only site
Slide 10: Vulcan's Phase One Project: Lionheart
VULCAN'S PHASE ONE PROJECT: LIONHEART Low cost, sustainable integrated lithium and energy production from Europe, for Europe 2 3 For personal use only 4 1 10 1 Vulcan’s 100% owned Insheim Geothermal Power Plant and wells 2 Operating well site and Lithium 3 G-LEP – Option agreement signed to secure s
Slide 11: Europe's first domestic resource to LHM supply chain is proven
EUROPE’S FIRST DOMESTIC RESOURCE TO LHM SUPPLY CHAIN IS PROVEN LEOP and CLEOP offer a strategically-located, integrated lithium extraction and refining solution CLEOP - Operational Central Lithium Electrolysis CLEOP Optimisation Plant Phase One ++ downstream Frankfurt • Production began in November
Slide 12: Targeting the lowest quartile of the lithium cost curve
VULCAN WILL BE TARGETING THE LOWEST QUARTILE OF THE LITHIUM COST CURVE Powered by low cost, highly efficient A-DLE production that leverages renewable heat Global projected lithium hydroxide C1 cost curve For personal use only Brine Integrated Spodumene - RoW Integrated Mica Integrated Spodumene - A
Slide 13: Supplying the European auto industry
- SUPPLYING THE EUROPEAN AUTO INDUSTRY Fully contracted lithium production drives pricing stability1 • Low counterparty risk: high quality European-focused offtake partners For personal use only • Long term relationships: all offtake agreements binding, take-or-pay, with agreed pricing mechanisms, 5
Slide 14: EPCM partner validation exercise completed
EPCM PARTNER VALIDATION EXERCISE COMPLETED Improved scope definition leading to reduced uncertainty and risk during execution, all with no material change to CAPEX • EPCM/ integrator: review of scope, cost and schedule, validating the BES, with For personal use only no material increase in capital r
Slide 15: Phase One financing
PHASE ONE FINANCING1 Vulcan continues to see strong support from the public and private sector Targeted FID H2 2025 For personal use only Renewable Lithium Technology December 2024 Total Project funding package ~€2.2bn €879m (~A$1.45bn) conditional debt commitment letter signed in with including cap
Slide 16: A clear leader in sustainability
A CLEAR LEADER IN SUSTAINABILITY Phase One targets: For personal use only Produce enough lithium for ca. 500,000 electric vehicles p.a.2 Avoid 10Mt CO2 eq. through decarbonising the lithium supply chain3 Targeting renewable heat for ca. 90,000 Environmental and Social Impact Assessment people4 (ESIA
Slide 17: Pipeline progress: decarbonising the world's largest chemical site
PIPELINE PROGRESS: DECARBONISING THE WORLD’S LARGEST CHEMICAL SITE1 A blueprint for Vulcan's future phase developments to support Europe's energy transition Phase One ++ downstream For personal use only Central Lithium Plant planned location Frankfurt • Owner of lithium production • Future heat offt
Slide 18: The key to unlock low-cost Western A-DLE lithium globally
– THE KEY TO UNLOCK LOW-COST WESTERN A-DLE LITHIUM GLOBALLY Opportunity to grow VULSORB® technology business - a high-performance bankable A-DLE technology offering several sustainability benefits in a growing lithium brine market For personal use only High performance Commercially Environmentally F
Slide 19: Key targets for 2025
KEY TARGETS FOR 2025 Focus on maintaining strong momentum Production of battery quality Lithium Hydroxide Monohydrate (LHM) at CLEOP For personal use only EU Strategic Project status Commencement of well execution o Decision on lithium-related grant1 o Final decision on German Raw Materials fu
Slide 20: May 2025: Start of new Phase One production wells near Landau
For personal use only MAY 2025: START OF NEW PHASE ONE PRODUCTION WELLS NEAR LANDAU, GERMANY @VulcanEnergyRes http://v-er.eu 20 20 20
Slide 21: Board of Directors
BOARD OF DIRECTORS Major project, technical and finance experience at Board and Executive level Executive Directors For personal use only Dr Francis Wedin Cris Moreno Felicity Gooding Executive Chair, Founder Managing Director and Executive Director and Group CEO Group CFO Non-Executive Directors An
Slide 22: Appendices
For personal use only APPENDICES
Slide 23: Appendix 1: Disclaimer
APPENDIX 1: DISCLAIMER No investment or financial product advice. This Presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice, or a recommendation to acquire Vulcan Shares, nor does it constitute, and is not in
Slide 24: Appendix 1: Disclaimer cont.
APPENDIX 1: DISCLAIMER CONT. Ore Reserves and Mineral Resources Reporting. It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Re
Slide 25: Appendix 2: LCA Assumptions
APPENDIX 2: LCA ASSUMPTIONS All foreground data for the ISO compliant Life Cycle Assessment (LCA) is sourced from Vulcan’s 2023 Bridging Engineering Study. The process design is assumed to be fully electrified. No fossil fuels are directly burned on site in the lithium production process. All backgr
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