Australian Vanadium Limited · ASX:AVL
Australian Vanadium — AIG Battery & Strategic Metals Seminar (November 2017)
36 slides from Australian Vanadium's conference presentation, Nov 13, 2017
Slide 1: The Gabanintha Vanadium Deposit
For personal use only The Gabanintha Vanadium Deposit Vincent Algar Managing Director
Slide 2: Disclaimer
Disclaimer For personal use only The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Comment It is com
Slide 3: AVL is a vanadium focused company
AVL is a vanadium focused company For personal use only • Vanadium focused ASX listed company • Actively evaluating the magmatic titaniferous vanadium iron project at Gabanintha in Western Australia • Significant project with high-grade Measured, Indicated and Inferred vanadium resources hosted in m
Slide 4: Integrated Strategy
Integrated Strategy Diversified Action to Maximise Opportunity For personal use only 4
Slide 5: Corporate Snapshot
Corporate Snapshot (ASX:AVL) Continuous Listing on ASX since February 2007 For personal use only Key Statistics (as at 10-11-17) Ordinary shares on issue 1,383m Options on issue (ex at 1.47c expire 141.9m Dec 2017) AVL Share Price History Listed Options (ex at 2.c exp Dec $0.025 60,000,000 310.8m* 2
Slide 6: Vanadium Markets: Steel
For personal use only Vanadium Markets: Steel 6
Slide 7: Vanadium Applications
Vanadium Applications Uses, Production and Price For personal use only • Steel Strengthening Alloys - Vcont 0.25%-1.5% • Lighter weight & stronger cast VANADIUM USE BY SECTOR • Re-bar: concrete tensile strength Steel Titanium Chemicals & Energy • Hand tools: Fe-Cr-V • Titanium Alloys - Vcont 4% 4% 4
Slide 8: Vanadium Markets - Overview
V Vanadium Markets - Overview Global inventory levels are decreasing as evidenced by rising prices over the For personal use only past three years. » Ferrovanadium prices in China have risen to about $60 per kilogram and to about $43 per kilogram in Europe » Vanadium pentoxide prices have risen to $
Slide 9: Vanadium Markets - Overview
Vanadium Markets - Overview In 2017 (based on first half actual results annualized) vanadium consumption For personal use only will exceed production by more than 8,000 MTV, or 10% of the market. 9
Slide 10: Globally Significant Project
For personal use only Globally Significant Project Gabanintha Vanadium Project in Western Australia 10
Slide 11: Gabanintha Vanadium Project
Gabanintha Vanadium Project For personal use only One of the mafic intrusions in the Vanadium triangle of Western Australia A Bushveld Complex sized area hosting over 500 Million tons of vanadium resources 11
Slide 12: Gabanintha Vanadium Project
Gabanintha Vanadium Project Deposit identified over 11km drilled strike length. Good access to infrastructure. For personal use only 12
Slide 13: Global Player
Global Player Gabanintha Project is significant development project on a global scale in For personal use only grade and size 13
Slide 14: Vanadium Peer Comparison
Vanadium Peer Comparison For personal use only Gabanintha a globally significant deposit on grade and tonnage basis 14
Slide 15: Gabanintha Vanadium Project
Gabanintha Vanadium Project Unique resource in favourable mining jurisdiction - Murchison, Western Australia For personal use only » Lady Alma Complex (2821 Ma) is one of the structurally dismembered layered mafic intrusions in the Yilgarn Province » Discordant features and geochemical fractionation
Slide 16: Vanadium Mineralisation
Vanadium Mineralisation Strong similarities to Bushveld V- Magnetites For personal use only » Mineralisation in alternating layers of magnetite-rich gabbros with leuconorite or anorthosite . The sequence is everywhere underlain by a massive magnetite layer, containing over 1% V2O5, and containing co
Slide 17: Gabanintha
Gabanintha Strong and consistent magnetic signature supported by drilling confirming strike For personal use only orientation, continuity and fault structures. Enables high quality modelling 17
Slide 18: Gabanintha Vanadium Project
Gabanintha Vanadium Project Discrete high-grade zone, simple geometry, suitable for open pit mining For personal use only 18
Slide 19: Gabanintha Vanadium Project
Gabanintha Vanadium Project Well developed minerlalised and unmineralised zones corresponding with lithology For personal use only 19
Slide 20: Gabanintha outcropping massive magnetite horizon
Gabanintha outcropping massive magnetite horizon For personal use only Leapfrog Geo vein modelling tools used to create geological model. 24 fault Blocks and up to 9 horizons. Grade estimation in Surpac. 20
Slide 21: Vanadium Resource
Vanadium Resource Large high-grade resource For personal use only JORC Million Material Resource V2O5 % Fe% TiO2 % SiO2 % Al2O3 % LOI% Tonnes Class High grade Measured 10.2 1.06 41.6 12.0 11.6 8.6 4.2 Indicated 4.8 1.04 41.9 11.5 12.0 8.0 3.6 Inferred 77.8 0.94 41.2 10.7 12.7 7.9 3.3 Subtotal High G
Slide 22: Metallurgical Test Work
Metallurgical Test Work Prior studies support further work For personal use only • High recovery rates from all ore types, including oxidised materials • Strong recoveries achieved from coarse grind sizes, scope to maintain low operating costs • Concentrate grades up to 1.5% V2O5 achieved from high
Slide 23: Metallurgical work to focus on key drivers
Metallurgical work to focus on key drivers Definitive work underway to advance towards development decision For personal use only • Key drivers have been identified to ensure project success • Mining cost • Stripping ratio • Vanadium ore feed grade to CMB plant • Water availability, consumption and
Slide 24: Gabanintha Concept Study: Proposed Process Flowsheet
Gabanintha Concept Study Proposed Process Flowsheet For personal use only 24
Slide 25: Vanadium Markets: Energy Storage
For personal use only Vanadium Markets: Energy Storage 25
Slide 26: Vanadium Consumption in VRFB
Vanadium Consumption in VRFB Vanadium consumption in Energy Storage creates potential market shift For personal use only 26
Slide 27: V-electrolyte & VRFBs
V-electrolyte & VRFBs VRFBs designed around the electrolyte For personal use only » 1970s first flow battery Fe-Cr » 1980s vanadium redox flow battery (VRFB): One-element only many benefits › V able to maintain 4 oxidation states in solution › No impurities – ore/process dependent » Vanadium electro
Slide 28: Equations Governing VRFB
Redox Equations Governing VRFB For personal use only Two Liquid phase reversible reactions: 𝑽𝟐+ ↔ 𝑽𝟑+ + 𝒆− 𝐸 𝑜 = 0.26 𝑉 𝑽𝑶𝟐 + + 𝟐𝑯+ + 𝒆− ↔ 𝑽𝑶 𝟐+ + 𝑯𝟐 𝑶 𝐸𝑜 = 1 𝑉 Adding anolyte & catholyte voltages gives OCV • Open Cell Voltage (OCV) for VRB is 0.26V + 1V = 1.26V ORP: <<0mV…
Slide 29: Flow Battery Installation Completed
For personal use only Flow Battery Installation Completed Rural site benefitting from Solar PV plus CellCube to shift to 90% renewable energy self consumption. First opening into large Australian market. 29
Slide 30: Vanadium in Energy Storage
Vanadium in Energy Storage Defining the space for flow battery technology For personal use only » Vanadium Redox Flow Batteries provide a unique ability to significantly time-shift very large amounts of previously generated energy (ideal for renewable energy capture and despatch). Source: GILDEMEIST
Slide 31: Comparison: Li-ion & VRFB
Comparison: Li-ion & VRFB Capacity degradation as a function of usage For personal use only Li 1 NCA NiCoAl Li 2 NCM NiCoMn Li 3 LFP LiFeP Li 4 LMO LiMnOx Li 5 LTO LiTiOx 31
Slide 32: Vanadium vs Lithium: Key Comparisons
Vanadium vs Lithium: Key Comparisons For personal use only 32
Slide 33: Redox Battery Market Beckons in Australia
Redox Battery Market Beckons in Australia Can the VRFB be the ultimate grid energy storage solution for Australia? For personal use only » Rising power costs: VRFBs can reduce power bills by peak/off-peak shifting and demand management » Australia has world’s most extended networks: many fringe-of-g
Slide 34: Australian Vanadium: An active company advancing a unique integration strategy
Australian Vanadium: An active company advancing a unique integration strategy focused on For personal use only vanadium Highlights » High quality, high tonnage Gabanintha resource moving towards project development. » Previous concept engineering studies support project advancement. Key processing
Slide 35: References - Geology
References - Geology For personal use only • T. J. Ivanic , M. T. D. Wingate , C. L. Kirkland , M. J. Van Kranendonk & S. Wyche (2010), Age and significance of voluminous mafic–ultramafic magmatic events in the Murchison Domain, Yilgarn Craton, Australian Journal of Earth Sciences: An International
Slide 36: Vincent Algar, Managing Director
For personal use only Vincent Algar, Managing Director Telephone: +61 (8) 9321 5594 Email: info@australianvanadium.com.au Website: australianvanadium.com.au Office Location: Level 1, 85 Havelock Street, West Perth Western Australia 6005 Social media: 36
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