Qem Limited · ASX:QEM
Qem — IMARC 2023
32 slides from Qem's conference presentation, October 2023
Slide 1: Advancing the Julia Creek Project
Advancing the Julia Creek Project Investor Presentation IMARC October 2023 “We would like to acknowledge the Wunumara people as Traditional Owners and their custodianship of the lands on which QEM operates its Julia Creek Project. We pay our respects to their Ancestors and their descendants, who con
Slide 2: Disclaimer
Disclaimer qldem.com.au QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this No Recommendation presentation. The issue of this presentation is intended only for the person or entity to which it has been transmitted. The information in this presentation is not a recommendation to ac
Slide 3: Focus on Julia Creek Vanadium and Oil Shale Project
qldem.com.au QEM Limited is focused on the exploration Personal Use Only and development of the Julia Creek Vanadium and Oil Shale Project, a unique world class critical minerals resource. 3
Slide 4: Julia Creek Project
qldem.com.au Julia Creek Project QEM seeks to develop a World-Class V Vanadium and Oil Shale Project Multi Commodity Sovereign Supply Vanadium Fuel Security Transport Fuel High Purity V2O5 Unique Process Globally Significant Personal Use Only Renewable Power Vanadium Resource Green Hydrogen Critical
Slide 5: Vanadium is classed as a Critical Mineral
Vanadium is classed as a Critical Mineral qldem.com.au by the Australian Government. Vanadium is a ‘strategic metal’ when building a new energy economy. As a Critical Mineral, Vanadium is listed for priority development and investment. Vanadium Personal Use Only 5
Slide 6: Vanadium – Supply & Demand
Vanadium – Supply & Demand qldem.com.au Market Set for growth Market expected to reach VRFB demand expected to equate $3.89 Billion ~23% of vanadium market in 2025 at CAGR of~ 5%. by 2030. Currently about ~7%. Global Production 2022 Australia holds ~118,000 MTV* 31 % of undeveloped or approx. 200,00
Slide 7: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Improves Tensile Lowers CO2 Steel Strength emissions Most widely used alloy to In steel-Lowers CO2 strengthen steel (HSLA.) in emissions by 185 million construction, automotive, metric tons annually. aerospace, rail, shipping, tools, drilli
Slide 8: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Chemical and V Catalysts Catalysts, ‘Smart Glass’, sulphuric acid production, ceramics, dyes, cathodes for lithium batteries. Durability and Weather Resistance Renewable Energy Vanadium alloys are naturally Storage durable to extreme Vanadi
Slide 9: Renewable Energy Storage with VRFB
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Redox Flow Batteries (VRFB) Vanadium Lithium 100,000+ (20 - 30 Years) Number of Cycles 3,000 - 10,000+ (5 - 7 Years) Low Self Discharge (Stays Charged) Low Environmental Footprint Highly Expandable Generates Low Level of
Slide 10: VRFB Global Installations 2023
VFRB Global Installations 2023 qldem.com.au Over 200 large scale VRFB projects worldwide Personal Use Only Source: Vanitec. 10 Note: QEM is a member of Vanitec.
Slide 11: VRFB Market Forecasts
VFRB Market Forecasts qldem.com.au Vanadium for VRFB forecast to grow at an average compound rate of 41% YOY to 2031 Personal Use Only Source: Guidehouse Insights: White Paper Identifying Market Opportunities and Enablers Q2 2022, for Vanitec. Note: QEM is a member of Vanitec. 11
Slide 12: Tier 1 mining jurisdiction in North West Minerals Province
qldem.com.au Located in a Tier 1 mining jurisdiction, QEM aims to develop Australia’s Critical Minerals Resources in Queensland’s North West Minerals Province. Personal Use Only 12
Slide 13: Julia Creek Project
Julia Creek Project qldem.com.au 4 Exploration Tenements Covering 249.6km2 in the Julia Creek Area, North-Western Queensland 12 holes (620m) completed. Update to JORC Report pending. Queensland Indicated Inferred Inferred Personal Use Only Core sample 33m Transition CQL-OS 2023 *Indicative only 13
Slide 14: Large JORC Resources
Large JORC Resources qldem.com.au One of the world’s largest single vanadium resources. Vanadium V Oil Resource Resource 2,490 626 MMbbl’s Indicated JORC Resource increased by 64% to Mt 360Mt V205 which represents half of Inferred @ Ave V2O5 3C 626 MMbbl’s (SPE-PRMS)) Queensland’s known ore content
Slide 15: Multiple commodities from a single mine
qldem.com.au QEM can efficiently reap the rewards of multiple Personal Use Only commodities while only having to mine once. This offers potential to enhance margins and drive long-term shareholder value. 15
Slide 16: JCP Concept Design
Vanadium and Oil Shale Project JCP Concept Design qldem.com.au Structural Steel Aerospace Shallow Open - Cut Ore Oil Extraction and Solids Vanadium Vanadium Pit Ave 55m deep separation V2O5 upgraded Extraction Redox Flow ~10,000 t/yr Post oil > 90% High Purity Batteries extraction V2O5 180% MFA Othe
Slide 17: Pilot Plant Progress
qldem.com.au Pilot Plant Progress Bench scale pilot plant - Testing program and optimisation program underway o Pilot plant test program delivering exciting results o Oil yields (equivalent) ~180% of Modified Fischer Assay (MFA)** Personal Use Only o >98% V2O5 extraction achieved using acid leaching
Slide 18: Fuel Security
Fuel Security qldem.com.au Running on Empty o Fuel imports at 93%, adding $30B to Australia’s trade deficit o Australia now highly exposed to supply shock o Australia’s obligation as a member of the International Energy Agency (IEA) – Minimum 90 days supply o Currently, 21 days of diesel supply as o
Slide 19: Board experience in the resources sector
The QEM Board draws upon decades of experience qldem.com.au in the resources sector ensuring that the Company is best placed to capitalise on the vast opportunities afforded by the Julia Creek Project. Personal Use Only 19
Slide 20: Experienced Team
Experienced Team qldem.com.au Led by a team of successful and invested professionals, with proven record of project development Tim Wall Daniel Harris Gavin Loyden Tony Pearson David Fitch Chair Non - Executive Director Founder and Managing Director Non - Executive Director Non - Executive Director
Slide 21: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 01/09/23 Cash at 01/09/23 151.4m 0.21 $ $2.0m Options on issue 250k Exp 01/05/25 @ $0.20 5,850,000 5.6m Exp 12/08/25 @ $0.345 31.79m $ Market Cap (01/09/23) 71.5% Director Support 28.5% Personal Use Only Top 20 Management alignm
Slide 22: De-risking the Project
De-risking the Project qldem.com.au Access to affordable, reliable and renewable energy is a key development pillar for QEM. With the $5B CopperString network proposed to run through the western portion of QEM’s Julia Creek Vanadium and Oil shale project, clean renewable energy will power the projec
Slide 23: Renewable Power Update
Renewable Power Update qldem.com.au “Situated in the best co-located wind and solar resources in Eastern Australia” - AEMO o Meteorological mast, SoDAR and solar monitoring instruments are transmitting data in real time. Over 14 months of data collected since installation o Modelling for 250 MW, 500
Slide 24: Queensland Government - Industry Support
qldem.com.au Queensland Government - Industry Support Townsville QR-CUF Progress o On January 24th 2023, the Qld Premier announced funding to increase from $10M to $75M for the construction of the Queensland Resources Common User Facility (QR-CUF). o QEM has been involved in the design inputs for th
Slide 25: Our mission
qldem.com.au Our mission is to operate in the safest and cleanest way possible while providing strong and sustained value to our shareholders. Personal Use Only 25
Slide 26: QEM's ESG Update
QEM’s ESG UPDATE QEM’s ESG Focus Areas* qldem.com.au Q3 2023 Highlights and achievements Q1-2: ● QEM secured Circular Economy opportunities with Sun Metals and Incitec Pivot to upcycle Queensland industrial waste to battery grade vanadium pentoxide (V2O5). ● QEM’s investment in our community - 9 wor
Slide 27: Right Project at Right Time
Right Project at Right Time qldem.com.au o Multi Commodity Exposure in high growth markets o Unique proprietary extraction technology o Globally significant Critical Minerals opportunity o Low market capitalization o Fuel Security o Strong government support o Helping to meet Australia’s energy tran
Slide 28: qldem.com.au
Personal Use Only qldem.com.au 28
Slide 29: Get in touch
qldem.com.au Get in touch: Gavin Loyden Managing Director gavin@qldem.com.au Joanne Bergamin Director, Communications & Sustainability jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 29
Slide 30: Appendix A: Julia Creek Resource
qldem.com.au Appendix A: Julia Creek Resource Personal Use Only 30
Slide 31: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au Vanadium & Other Metals Average Insitu Density Resource Class Strat Unit Mass (Mt) V2 O5 (Wt%) Cu (ppm) Mo (ppm) Ni (ppm) Zi (ppm) Al (ppm) Thickness (m) (gm/cc) CQLA 127 3.16 2.41 0.24 161 132 121 763 4525 CQLB 104 2.74 2.32 0.30 201 180 151 912 5756 Indic
Slide 32: Julia Creek Resource Overview - Oil Content
Julia Creek Resource Overview qldem.com.au Oil Content Average Oil Yield Oil Yield MMBbls MMBbls Resource Class Strat Unit Mass (Mt) Total Moisture (Wt%) Thickness (m) (L/tonne) LTOM (in-situ PIIP) Recoverable CQLB 983 2.8 5.6 49.2 51.2 274 247 3C Contingent OSU 522 1.8 5.6 74.6 78.8 221 199 OSL 521