Vital Metals Ltd · ASX:VML
Vital Metals — Shareholder Meeting (November 2021)
23 slides from Vital Metals's shareholder meeting presentation, Nov 25, 2021
Slide 1: Chairman's Address and AGM Presentation
ASX / Media Announcement 25 November 2021 For personal use only CHAIRMAN’S ADDRESS AND AGM PRESENTATION Vital Metals Limited (ASX: VML) (“Vital Metals” or “the Company”) provides, in accordance with Listing Rule 3.13.3, a copy of the Chairman’s Address and AGM Presentation to be delivered today at t
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS Good afternoon and thanks for joining us today at the 2021 Annual General Meeting for Vital Metals For personal use only Limited. I am Evan Cranston and as the Chairman of Vital Metals, I am delighted to welcome everyone attending the meeting, whether it is in person or via our li
Slide 3: Chairman's Address (continued)
- We completed our initial mining campaign at Nechalacho before the winter months set in, and the first barge shipment of rare earth material was delivered to Hay River on its way to Saskatoon. For personal use only - In anticipation of our expanded Stage 2 operations we completed at the Tardiff Zon
Slide 4: Chairman's Address (continued)
Under the MOU, we will sell Ucore a minimum 500 tonnes of REO a year excluding cerium by the first half of 2024, expanding to minimum of 50 per cent of Ucore’s proposed 5,000 tonnes-per- annum total REO rare separation plant by 2026. For personal use only On top of this amazing progress in 2021, we
Slide 5: Canada's First Rare Earths Producer – Annual General Meeting
For personal use only Canada’s First Rare Earths Producer Annual General Meeting November, 2021
Slide 6: Disclaimer
Disclaimer For personal use only This presentation provides an overview of prospective rare earth projects (“the Projects”) and development opportunities and contains “forward looking statements”. Forward-looking statements are all statements other than statements of historical fact included in this
Slide 7: Guaranteeing Feedstock to the Global Rare Earths' Supply Chain
For personal use only Guaranteeing Feedstock to the Global Rare Earths’ Supply Chain Annual General Meeting November 2021
Slide 8: Vital positioning as a strategic player in global RE supply chain
Vital positioning as a strategic player in global RE supply chain For personal use only Highlights World class REO Development Team - ex Lynas Corporation Ltd 3 World-Class Rare Earth projects – light and heavy rare earths • Nechalacho (Canada): 95mt at 1.46% TREO • Kipawa (Canada): Reserve 19.7 Mt
Slide 9: Company Overview
Company Overview For personal use only Capital Structure ASX Code VML Shares on Issue 4,165m Options on Issue 432m Share Price (as 18 October 2021) $0.06 VML Share Price Performance Market Capitalisation $258m Cash (30 June 2021) $34.9m Board and Management Geoff Atkins Managing Director Evan Cranst
Slide 10: Vital's leaders are rare earth project experts
Vital’s leaders are rare earth project experts For personal use only GEOFF ATKINS GEOFF ATKINS TONY HADLEY MATHEW EDLER RAY ANGUELOV Managing Director Managing Director Chief Operating Officer Executive VP Corporate Canada Operations Development Manager 25 years More thanof25 project years and corpo
Slide 11: Our development strategy is delivering a full suite of rare earths
Our development strategy is delivering a full suite of rare earths For personal use only Vital’s 3-Stage Development Strategy Stage 1: Foundations Project Start-up: Nechalacho North T • Demonstrate the ability to supply rare earth feedstock at specification • Generate positive cashflow to fund expan
Slide 12: Vital's transformational year
Vital’s transformational year: For personal use only - Offtake agreement executed with Norwegian company REEtec Ag – Dec ’20 - Mining operations commenced at Nechalacho rare earth project, Canada – March ‘21 - First blast at Nechalacho – May ‘21 - Nechalacho production commenced; installation of ore
Slide 13: Implementation Stage 1: Building the Foundations to Success
Implementation Stage 1: Building the Foundations to Success For personal use only > Nechalacho North T mining operations commenced April 2021 > Saskatoon Rare Earth Extraction Plant under construction > Product shipped for further processing > Expansion to be funded from the sale of Mixed RE Carbona
Slide 14: Our ESG & CSR Performance
Our ESG & CSR Performance For personal use only Key Performance Indicator Outcome Time Lost Incidents 0 Covid-19 Cases 0 Vaccine Mandate and Testing Began* April 2021 Environmental Incidents 0 Indigenous Mining Contractor First Indigenous Language Signs Installed 30+ Indigenous Hire 70%+ Northern Hi
Slide 15: Backed by a strong team across our Canadian operations
Backed by a strong team across our Canadian operations For personal use only Annual General Meeting November 2021
Slide 16: Supporting and supported by 160+ local suppliers
Supporting and supported by 160+ local suppliers For personal use only Annual General Meeting November 2021
Slide 17: Saskatoon Plant Update
Vital’s Extraction Plant on track for first feed by end of 2021 For personal use only Saskatoon Plant Update • Construction is underway on Vital’s rare earth extraction Plant in Saskatoon, Saskatchewan, Canada • All major processing equipment procured within budget with agreements/purchase orders is
Slide 18: Off-take agreements with the most advanced new separation facilities
Off-take agreements with the most advanced new separation facilities entering Europe and North America For personal use only Off-take Agreements Europe REEtec - Norway • Developed a completely new and game changing process for the manufacturing of high purity rare earth elements. • Technology has be
Slide 19: Implementation Stage 2: Expansion and Growth
For personal use only Implementation Stage 2: Expansion and Growth > Long term growth and expansion through the development of Tardiff and Wigu Hill projects > Over 1Mt contained rare earths > Production targeted to commence 2025 > Expansion to be funded from the balance and debt funding Annual Gene
Slide 20: Implementation Stage 3: Heavy Rare Earth Production
For personal use only Implementation Stage 3: Heavy Rare Earth Production > Targeting to be the only supplier of commercial quantities of both light and heavy rare earth feedstock > Two projects under consideration: • North T Xenotime – Nechalacho, NWT • Kipawa rare earth project – Quebec, Canada An
Slide 21: Vital's plans for FY22
Vital’s plans for FY22: For personal use only - Commission and commence operation of Saskatoon Rare Earth Extraction facility - First delivery of RE Carbonate to customers - Continue processing material mined at Nechalacho during CY21 - Complete Stage 2 Mine Plan for Nechalacho, expanding to Tardiff
Slide 22: Vital positioning as a strategic player in global RE supply chain
Vital positioning as a strategic player in global RE supply chain For personal use only Highlights Work Class Rare earth Development Team - ex Lynas Corporation • Lead by Vital Metals MD Geoff Atkins 3 World Class Projects • Nechalacho REO Project (Canada): 95Mt at 1.46% TREO • Kipawa (Canada)*: Res
Slide 23: Contact us
For personal use only Contact us Geoff Atkins Managing Director vital@vitalmetals.com.au +61 2 8823 3100 Annual General Meeting November 2021