Slide 1: Securing supply of critical minerals for the global energy transition
Securing supply of critical minerals for the global energy transition TZMI Congress 2024 I Kuala Lumpur 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
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements Important Information Forward-looking statements are based on numerous assumptions regarding VHM Limited’s present and future business strategies and the environment in which VHM Limited will operate in the future. Among the important This presentation has b
Slide 3: VHM Limited (ASX:VHM) overview
VHM Limited (ASX:VHM) overview Australian owned rare earths and mineral sands Corporate Snapshot mine and processing developer GOSCHEN PROJECT3 Market Cap1 Top 20 Shareholders 98.8Mt ORE @ 4.0% THM Zircon 23.6%, Rutile 9.9%, A$86.6 million Top 20: 34% Mon 3.7%, Xen 0.7% CANNIE PROJECT4 192Mt MRE @ 3
Slide 4: Key highlights
Key highlights Emerging Tier 1 integrated rare earth and minerals sands project with globally significant mineral assemblage Construction ready with pathway to production: in anticipation of primary approval. Simple operating methodologies: Shallow-pit mined via truck-shovel with conventional proc
Slide 5: Accelerating Goschen towards production
Accelerating Goschen towards production Extensive development works complete Definitive Feasibility Study Goschen Environment 30% Capex Reduction Extensive Exploration Refreshed Approval for Goschen Base Plant Drill Program 20–25-year Life of Mine I NPV A$1.525B I IRR 44% I Low Capex I Report with t
Slide 6: Goschen permitting pathway
Goschen permitting pathway Approvals milestones achieved Primary Approval (EES) Secondary Approvals (Work Plans, Mining Licence) Source: Engage Victoria website Q4 2023 Victorian Minister for Planning approved public exhibition for Goschen EES1 Exhibition stage: Public Submissions2 Monday 20 Novembe
Slide 7: Company Mineral Resources & Reserves
1 2 Company Mineral Resources & Reserves VHM’s assets in Victoria’s critical minerals province at 30 June 2024 892 Mt1 Mineral Resource estimate 650 Kt1 TREO + Y2O3 210 Mt2 Ore Reserve Notes: (1): See ASX Announcement dated 9 April 2024 (2): Company Global Reserves last updated and released 29 Septe
Slide 8: Conventional low-cost processing
Conventional low-cost processing Simple, low-risk, proven flowsheet: multiple commodity streams with demonstrated high recoveries High recoveries: Continuous improvements achieved through multiple bulk sample drill programs and metallurgical testwork programs has delivered high recoveries of valuabl
Slide 9: Infrastructure rich area
Infrastructure rich area Optimally positioned to access existing local infrastructure Rail Water RL6806 Power (Solar farms) Ports Power (Transmission lines) Development 9 9
Slide 10: Secure Supply of Light and Heavy Rare Earths
Secure Supply of Light and Heavy Rare Earths Australia’s critical minerals are fundamental elements required for decarbonising global economies 87% of Goschen basket value is derived from the critical rare earths crucial for electric vehicles and the green energy transition1. Notes: (1) Rare Earth M
Slide 11: Goschen Project highlights
Goschen Project highlights The DFS Refresh1 demonstrates the Goschen Project economics to be compelling 5Mtpa 9.4ktpa >20 years REMC Conventional open cut Target annual production rates for mining methods rare earth mineral concentrate excavation, load and (REMC) haul 8.5ktpa 134.5ktpa MREC HMC Targ
Slide 12: Goschen timeline to production – derisk Final Investment Decision
Goschen timeline to production – derisk Final Investment Decision Oct 2024 2024 Apr Jul Oct 2025 2025 Jan Apr Jul 2026 2026 Oct Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Pre-FID Post-FID Phase I Task 1 Export Credit Agencies - Debt Corporate Commercial Banks Finalise debt Equity raise Phase II Primary Permit FID F
Slide 13: The Australian Government is backing the critical minerals sector
The Australian Government is backing the critical minerals sector Export Finance Australia National Reconstruction Fund Critical Minerals Office Clean Energy Finance Corporation Commonwealth Scientific and Industrial Research International Critical Minerals Partnership Fund Organisation Australian N
Slide 14: Funding strategy
Funding strategy Multifaceted funding strategy comprising debt, equity and government funding GOSCHEN PROJECT FUNDING VHM is progressing its multifaceted funding DEBT EQUITY strategy for the Goschen Project with a Commercial Banks Strategic Partnerships view to finalising the funding pathway Explori
Slide 15: Development benefits Stakeholders
Development benefits Stakeholders Community 15
Slide 16: Exploration Delivering
Exploration Delivering Area 4 Orion Strandline - Maiden Probable Ore Reserve Added 11.5 Mt @ 5.6% THM to Company Probable Ore Reserve1. Within this Ore Reserve a high-grade mineable horizon of 2.6 Mt @ 9.6% THM exists at the top of the ore body 6m from surface, including: 245,500 tonnes of mineabl
Slide 17: Future opportunities
Future opportunities High-grade strandlines New South Wales 21 strandlines identified by processing historic data1. VHM drilling in targeted strandlines identified high- grade, near-surface THM. As part of its future exploration program, VHM will continue to target identified high-grade strand
Slide 18: De-risking development
De-risking development The next six months Activity Status Awaiting recommendation from Planning Minister on Environmental Effects Environmental Approval Statement (EES) Earth Resources Regulator to assess Mining Licence application submitted Mining Licence Approval* (March 2023), with assessment su
Slide 19: Appendix A. JORC Tables
©) VIM Limited Appendix A. JORC Tables
Slide 20: Company Mineral Resources
Company Mineral Resources 892.1 Mt Mineral Resource estimate Notes: Any discrepancies in totals are a function of rounding. 1. Mineral resources reported at a cut-off grade of 1.0% THM. 2. Mineral resources reported at a cut-off grade of 1.75% THM. 3. Mineral resources reported at a cut-off grade of
Slide 21: Company Ore Reserves
Company Ore Reserves 210.2Mt Ore Reserve Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was updated and disclosed under the JORC Code (2012) in the ASX release published 29 Se
Slide 22: Goschen DFS Ore Reserve
Goschen DFS Ore Reserve 98.8Mt Ore Reserve – Subset of global Company Ore Reserves Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was disclosed under the JORC Code (2012) in t
Slide 23: For further information contact
Level 11, 330 Collins Street, Victoria 3000 vhmltd.com.au For further information contact: Ron Douglas Chief Executive Officer Ron.Douglas@vhmltd.com.au