Vhm Limited · ASX:VHM
Vhm — Conference Presentation (February 2023)
21 slides from Vhm's conference presentation, February 2023
Slide 1: VHM Presentation
VHM Presentation Securing critical and rare earth minerals for future technologies February 2023 ASX:VHM Acknowledgement of Country VHM acknowledges the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of the nation and the traditional custodians of the lands where w
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements Important Information Statements to reflect any changes. Recipients should form their own views as to these matters and any assumptions on which any of the Forward Statements are based and not place reliance on such statements. This presentation has been pre
Slide 3: Agenda
Agenda 1 ▪ Key highlights 2 ▪ Goschen Project overview 3 ▪ Staged mine development 4 ▪ Offtake strategy 5 ▪ Approvals update 6 ▪ Results achieved and upcoming milestones 3
Slide 4: Compelling investment drivers
Compelling investment drivers Strategic rare earths project with defined pathway to production and strong sector tailwinds The Goschen Asset Strategic Importance Pathway to Production • The Goschen Project is one of the world’s largest, • Demand for rare earth elements is expected to grow • Ongoing
Slide 5: VHM Limited
VHM Limited VHM owns 100% of the Goschen Project, an advanced and globally significant rare earth and mineral sands project located in Victoria, Australia The Goschen Project Corporate Snapshot1 • Located in the premier minerals sands province of north-west Victoria, approximately 35km southwest of
Slide 6: Project highlights
Project highlights The compelling opportunity presented by the Goschen Project Project Highlights Globally significant Tier 1 rare earth and mineral sands project ▪ Goschen is one of the world’s largest, rare-earth and zircon mineral deposits (413,107 tonnes of TREO), High concentration of rare host
Slide 7: Aligned to Australia’s Critical Minerals Strategy
Aligned to Australia’s Critical Minerals Strategy Project aligns with the Critical Minerals strategic vision of Australia becoming a major global producer of critical minerals Key Project Benefits ▪ The Project will be a fully integrated critical minerals asset, comprising the mine, processing facil
Slide 8: Staged mine development
Staged mine development Clear pathway to revenue Current development plan Phase 3 AREM Phase 1 Base Project Phase 1A Hydromet Phase 2 MSP & HAL (Rare Earth Refinery) ▪ Near-term production ▪ Additional Hydromet Circuit with a ▪ Additional MSP, HAL and chrome ▪ National strategic value throughput of
Slide 9: Board and management team
Private and confidential Board and management team Experienced team with track record of delivering major resource projects Senior Leadership Team Don Runge, BE (Mining), MAusIMM Michael Sheridan, BEc, LLB, LLM, GradDipAppFinInv Non-Executive Chairman Chief Financial Officer • 40+ years’ operational
Slide 10: Offtake strategy considerations
Offtake strategy considerations VHM seeks to achieve the ultimate objective of its offtake strategy by aligning with its phased production development Near-term Mid-term Long-term The key objective of the near-term phase The Company’s mid-term offtake The long-term phase will see the is to secure an
Slide 11: Approvals and permitting
Approvals and permitting AECOM appointed for their permitting expertise and credentials 2021 2022 2023 2024 We are here Re-submission of referral based on reduced mining area Q1 2023 Work Plan and footprint Public Review of secondary approvals of EPBC Act and EE Act EES assessed Referrals Re-Scoping
Slide 12: Cannie Project and Nowie Prospects
Cannie Project and Nowie Prospects Exploration upside ▪ Drilling targeting the Cannie Deposit has commenced in January, this work aims to increase our Mineral Resource inventory ▪ Exploration testing of Cannie deposit extends between 12 km N-S and 5 km E-W ▪ Nowie drilling scheduled to commence late
Slide 13: Phase 1 and Phase 1a process flowsheet
Phase 1 (Base Project) and Phase 1a (Hydromet Plant) process flowsheet Conventional Ore processing and refining developed through extensive testwork programs ▪ Rigorous testwork program conducted by Phase 1 reputable third parties - Mineral Technologies (Phase 1) and ANSTO (Phase 1A) ▪ Simple proces
Slide 14: Goschen Pilot Scale
Goschen’s rare earth mineral quality provides for higher recovery per tonne and greater economics ▪ High grade rare earth mineral concentrate (REMC) of 61.4% TREO1 ▪ Further refined high value mixed rare earth carbonate (MREC) of 59.7% TREO2 Goschen Pilot Scale ▪ Pre-pilot testwork has demonstrated
Slide 15: Advancing the Goschen Project
Advancing the Goschen Project VHM has advanced key milestones Recent Achievements ▪ Pre-pilot testwork completed January 2023 delivered exceptional extractions of 98% for heavy rare earths (DyTb oxides) and 99% light rare earths (NdPr oxides) Rare Earth Hydromet ▪ GPA Engineering engaged to deliver
Slide 16: Summary and upcoming milestones
Summary and upcoming milestones ▪ Goschen is one of the world’s largest rare earth deposits with an accompanying world-class mineral sands resource to deliver a strategic, long mine life Advanced, globally significant asset Tier 1 rare earth and mineral ▪ Well advanced with a DFS completed and FEED
Slide 17: Appendix: JORC Tables
Appendix: JORC Tables
Slide 18: Company Mineral Resources
Company Mineral Resources 629Mt Mineral Resource Estimate (4) The Mineral Resource estimate was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023 18
Slide 19: Company Ore Reserves
Company Ore Reserves 198.7Mt Ore Reserve (1): The Ore Reserve was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023 19
Slide 20: Goschen Project DFS Ore Reserves
Goschen Project DFS Ore Reserves Subset of global Company Ore Reserves 98.8Mt (1): The Ore Reserve was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January
Slide 21: vhmltd.com.au
vhmltd.com.au Suite 8, 110 Hay Street Subiaco WA 6008 info@vhmltd.com.au