Volt Resources Ltd · ASX:VRC
Volt Resources — Investor Presentation (October 2023)
31 slides from Volt Resources's investor presentation, October 2023
Slide 1: Volt Resources: An Integrated Battery Material Producer
Volt Resources An Integrated Battery Material Producer Critical Minerals | Battery Materials October 2023 6 X C An ASX: VRC Carbon Anode
Slide 2: Important Notices Disclaimer
Important Notices Disclaimer The information contained in this document (“Presentation”) has been prepared by Volt Resources Limited (the “Company”). It has not been fully verified and is subject Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Ca
Slide 3: Corporate Overview
Corporate Overview Capital Structure. Listed on ASX ASX Code VRC Major Shareholders Major Shareholders 14.59% Kabunga Holdings Pty Ltd 4.90% PR & E Notman 2.81% D Virgara 2.38% 10 BOLIVIANOS PTY LTD 1.90% Bosswhat Pty Ltd Others 76.71% Others Key Executive Team Executive Chairman Asimwe Kabunga Mana
Slide 4: Our Strategy
Our Strategy Capitalize on the opportunities presented by the implementation of the Inflation Reduction Act in the United States/North America and the EU Critical Raw Material Act in Europe Use two high-quality graphite assets to become an “integrated” natural graphite anode producer – a critical ma
Slide 5: Volt Resources Investment Case
Volt Resources Investment Case Clear strategy: Focus on graphite and natural graphite anode due to large addressable 1 market, strong USP (backward integration), and market tailwinds (demand vs supply gap, double digit market growth, Government policies). 2 Proven graphite producer with two assets:
Slide 6: Graphite Poised for next bull market: Demand vs Supply
Graphite Poised for next Graphite Demand Vs Supply bull market Synthetic Graphite Anode: Natural Graphite Anode: 2022–2030 2022–2030 Supply Demand Supply Demand Growth Growth Growth Growth 150% 170% 95% 415% Synthetic Graphite Anode Natural Graphite Anode • Graphite price down 29% in 2023, Market Ba
Slide 7: Volt = Natural Graphite Anode + Bunyu + ZG
Volt = Natural Graphite Anode + Bunyu + ZG 7
Slide 8: Downstream Business (Natural Graphite Anode) + Upstream Business (Graphite Mining)
Downstream Business (Natural Graphite Anode) + Upstream Business (Graphite Mining)
Slide 9: Natural Graphite Anode Business
Natural Graphite Anode Business • Signed Limited Scope Exclusive Manufacturing Partnership √ Agreement with American Energy Technologies Company • Completed tentative site selection (33-acre site in US) and √ defined plant size (7,500 tpa) • Filed for a patent on new graphite purification process √
Slide 10: Excellent 32650 Full Cell Cycling Results
Excellent 32650 Full Cell Cycling Results Volt Natural Graphite Anode (US Produced) Capacity Loss over 100 Cycles 1.5% Extrapolated Life of Volt Natural Graphite Anode 1,331 Cycles EV Target for Cycle Life 1,000 Cycles
Slide 11: Integrated Natural Graphite Anode Producer in US & Europe
Integrated Natural Graphite Anode Producer in US & Europe Dual sourcing strategy for graphite anode plant in US Ukraine Volt Energy Materials LLC Tanzania Global Volt HQ Perth
Slide 12: US Natural Graphite Anode Plant
US Natural Graphite Anode Plant Plant Design Study with Worley Ltd 7,500 tonnes per annum expected capacity To meet domestic demand, US will need ~980 kTPA graphite anode by 2030
Slide 13: US Natural Graphite Anode Plant
US Natural Graphite Anode Plant Evaluated multiple states for plant location Site selection criteria - Lowest capital and operating cost - Access to labour - Connectivity via rail, port - access to renewable or low carbon and low-cost energy Identified a 33-acre site in South-East, USA.
Slide 14: JDA and MOU with 24M
JDA and MOU with 24M MoU with 24M provides a pathway for Volt to supply Graphite Anode to 24M licencees such as Volkswagen, Freyr, Kyocera, Fujifilm 24M to promote Volt as the preferred supplier for anode and/or cathode additive products to 24M’s licensees
Slide 15: Robust Pipeline to Secure Non-Dilutive Funds Over 12 Months
Robust Pipeline to Secure Non-Dilutive Funds Over 12 Months Estimated Non- Project Dilutive Funds Natural Graphite Anode Development A$ 97 million Natural Graphite Anode Production Plant ZG Improvement • US Department of Energy to Award about USD 3.5 billion in battery grants in 2024. Award size USD
Slide 16: Downstream Business (Natural Graphite Anode) + Upstream Business (Graphite Mining)
Downstream Business (Natural Graphite Anode) + Upstream Business (Graphite Mining)
Slide 17: Volt is a Proven Graphite Producer with a Mine in Operation Since 1934
Volt is a Proven Graphite Producer with a Mine in Operation Since 1934 Zavalievsky Graphite (ZG) is 65 km Resources: 22.9 million ton at a from Moldova border and 300 km grade of 6.8% carbon – subset of from conflict zone overall deposit based on south-east Our assets and personnel are safe. zone on
Slide 18: Zavalievsky Graphite Operation
Zavalievsky Graphite Operation 2023 Highlights Growth opportunity in garnet ore We have garnet in stockpile and in mine; estimated opportunity size of over $100 million revenue Positive feedback from a large customer, 500 kg sample requested LOI signed with M2i Global, Inc. for potential supply of u
Slide 19: Wholly owned subsidiary of Volt Resources Limited, Australia
wholly owned subsidiary of Volt Resources Limited, Australia
Slide 20: Tanzania Bunyu Graphite
Tanzania Bunyu Graphite Enough to power 2.8 million EVs per year Highlights Upcoming Milestones Indian Ocean One of the largest graphite deposits Subject to financing, Stage 1 start in the world. 100% owned; Tanzania of production in 2025 Greenfield project; Bunyu is the largest JORC Mineral resourc
Slide 21: Bunyu Natural Flake Graphite Product Specifications
Bunyu Natural Flake Graphite Product Specifications Concentrate Typical Quality Size Size (#) % Distribution Type Stage 1 Bunyu natural graphite typical (micron) product specification +300 +50 12 54% +180 +80 27 Flexibility to produce higher TGC grade Coarse +150 +100 15 products if required -150 -1
Slide 22: Bunyu Graphite is Ideal for Li Ion Battery Anode
Bunyu Graphite is Ideal for Li Ion Battery Anode The Scanning Electron Microscopy image is of the concentrate-purity Bunyu graphite. It shows pale inclusions attributed to gangue, clearly located either on the surface of larger flakes or on edge planes. Typically, impurities are embedded as ga
Slide 23: Bunyu Graphite is Ideal for Li Ion Battery Anode
Bunyu Graphite is Ideal for Li Ion Battery Anode High Purity Graphite leading to High Purity Anode and Longer Life Battery Supplier A, Natural Graphite Anode Fe 30 ppm Supplier B, Natural Graphite Anode Fe + other 40 ppm Supplier C, Natural Graphite Anode Fe + Ni 35 ppm Fe 7 ppm Bunyu Natural Graphi
Slide 24: Improved Bunyu Stage 1 Financials
Improved Bunyu Stage 1 Financials 2023 vs 2018 feasibility study comparison Stage 1 Project Unit Financial Performance 2023 2018 Project Period - from first ore years 13.7 7.1 Total Net Revenue US$ M, real 433.2 268.6 Total EBITDA US$ M, real 169.6 93.6 IRR - before tax %, real 31.5 21.0 IRR – after
Slide 25: Bunyu financing is progressing
Bunyu financing is progressing • Very few graphite projects in the world can simultaneously meet customer demands of Indian Ocean • Quantity Tanzania • Quality Lindi • Cost Sealed Roads • Compliance with Inflation Reduction Act North Bunyu 1 Deep Water Port • Due diligence ongoing Mtwara VGT Project
Slide 26: Stage 1 Bunyu Graphite sold under Binding Offtakes
Stage 1 Bunyu Graphite sold under Binding Offtakes Graphex Group Limited Binding offtake agreement signed with global battery anode material producer Graphex Group Limited subsidiary, Graphex Michigan 1 LLC. Graphex Group is listed on Hong Kong Stock Exchange and the NYSE. 7,500-10,000 tpa fine flak
Slide 27: Tanzania & Ukraine Graphite Projects are IRA Compliant
Tanzania & Ukraine Graphite Projects are IRA Compliant 1. To get Inflation Reduction Act Inflation Reduction Act, US benefits, from 2024, battery components can not be manufactured Consumer Tax Credit, $7,500 per EV or assembled in a Foreign Entity of Eligibility Requirements Concern 2. From 2025, C
Slide 28: ESG – Community Engagement in Tanzania
ESG – Community Engagement in Tanzania Temporary Infrastructure employment, buildings, contributions such as donations of building roads connecting materials, maintenance villages, maintenance of schools, furniture of roads, Village Office donations to the buildings, and schools and offices, borehol
Slide 29: Major milestones reached for Bunyu, ZG and Battery anode plant
Major milestones reached for Bunyu, ZG and Battery anode plant 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Bunyu Graphite Qingdao Baixing Offtake Project (Tanzania) Graphex Offtake Revised FS Financing for Stage 1 Zavalievsky Graphite Operation Develop 2023 AOP Production Campaign 1 Production Campaig
Slide 30: Transformation of Volt is Underway
Transformation of Volt is Underway Natural Graphite Anode Business 1. Growing list of offtakes, partnership, and Joint Development Agreements with top tier customers 2. On track to become a world-class producer Bunyu ZG 1. Revised feasibility (2023) study is a 1. Production campaign #2 underway sign
Slide 31: Contact
Contact Volt Resources Limited Level 25 108 St. Georges Terrace Perth WA 6000 P: +61 (0)8 9486 7788 E:info@voltresources.com
Volt Resources — Investor Presentation (October 2023) on 6ix