35 slides from Richmond Vanadium Technology Pty's technical presentation, May 25, 2023
Slide 1: Technical Presentation – Geological Survey Queensland
ASX ANNOUNCEMENT 25/05/2023 TECHNICAL PRESENTATION – GEOLOGICAL SURVEY QUEENSLAND Richmond Vanadium Technology Limited (ASX:RVT) is pleased to advise that its Chief Geologist Mr Warwick Nordin is presenting at a Minerals Geoscience Webinar for Geological Survey of Queensland on Thursday 25 May 2023.
Slide 2: About Richmond Vanadium Technology
About Richmond Vanadium Technology Richmond Vanadium Technology Limited (RVT) is an Australian minerals company currently advancing its 100% owned Richmond – Julia Creek Vanadium Project (the Project) in North Queensland. RVT has adopted the globally recognised World Economic Forum (WEF) Environment
Slide 3: Tenement Location Map and JORC Compliance Statement
Richmond – Julia Creek Tenement Location Map For personal use only JORC Compliance Statement The information in this announcement that relates to Minerals Resources and Ore Reserves referable to Richmond Vanadium Technology is extracted from the reports titled ‘Prospectus’ dated 14 October 2022 (whi
Slide 4: Post-Cretaceous to Probable Reserve
POST-CRETACEOUS TO PROBABLE RESERVE For personal use only ASX : RVT Minerals Geoscience, Geological Survey of Queensland (GSQ / UQ Webinar) 25 May 2023 Investor Update | December 2022 | ASX:RVT
Slide 5: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER • are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have bee
Slide 6: RVT Highlights
RVT HIGHLIGHTS For personal use only World Class Located in Queensland Promising long-term Critical Mineral Project with access to infrastructure outlook for Vanadium – attracts funding One of the largest undeveloped oxide and government support Vanadium poised to play a pivotal role in Queensland G
Slide 7: Project Details
For personal use only PROJECT DETAILS Investor Update | December 2022 | ASX:RVT
Slide 8: Richmond – Julia Creek Vanadium Project Overview
RICHMOND – JULIA CREEK VANADIUM PROJECT OVERVIEW Location • Located in mining friendly jurisdiction of North Queensland For personal use only • Close to existing infrastructure including gas pipeline, proposed Copper String 2.0 HV network line, Flinders Highway and Great Northern railway link to Tow
Slide 9: Richmond in the Early Cretaceous, and Now
RICHMOND IN THE EARLY CRETACEOUS, AND NOW … 105 million years ago 2023 For personal use only Source: https://dinosaurpictures.org/ancient-earth#240 6 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT
Slide 10: Eromanga Basin
EROMANGA BASIN The Richmond-Julia Creek Vanadium Project (RJCVP) lies in the north-eastern For personal use only corner of the Eromanga Basin Lilyvale Deposit 1 Refer Prospectus dated 14 October 2022, Section 4 and Supplementary Prospectus dated 21 October 2022 released to ASX on 9 December 2022. (P
Slide 11: Eromanga Basin
EROMANGA BASIN Lilyvale Deposit For personal use only Source: Smerdon BD, Marston FM and Ransley TR (2012) Water resource assessment for the Central Eromanga region. Report to the Australian Government from the CSIRO Great Artesian Basin Water Resource Assessment. CSIRO Water for a Healthy Country F
Slide 12: RVT Tenements Map
RVT TENEMENTS MAP Toolebuc Formation For personal use only RVT’s LOM pit outline (Lilyvale Deposit) N Tenement and Toolebuc source: https://georesglobe.information.qld.gov.au/ 9 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT
Slide 13: RVT Tenements Map
RVT TENEMENTS MAP Toolebuc Formation For personal use only RVT’s LOM pit outline (Lilyvale Deposit) N 10 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT
Slide 14: Stratigraphic Column
STRATIGRAPHIC COLUMN 98Ma Photograph of chip tray from aircore hole L193 Toolebuc Fm. drilled in 2019. For personal use only (calcareous siltstone / coquina) Associated with early Cretaceous (Albian ~110Ma) 0.63% V2O5 Oxidised Toolebuc Fm global marine over 8m 1 transgression, paralic, anoxic. 141Ma
Slide 15: Lilyvale Deposit
LILYVALE DEPOSIT • Located 45km north-west of the Richmond township in close proximity to the Flinders Highway and Great Northern railway For personal use only • Mineral Resource of 560 Mt @ 0.48% V2O51 (Using 0.30% cutoff) Indicated 430 Mt @ 0.50% shown 4 slides ahead ….. Inferred 130 Mt @ 0.41% •
Slide 16: Lilyvale Deposit Ore Reserve
LILYVALE DEPOSIT ORE RESERVE1 • Maiden open pit Ore Reserve at the Lilyvale Deposit of: 459.2Mt @ 0.49% for 2.25Mt V2O5 For personal use only • Two pits designed over Lilyvale Deposit Indicated Mineral Resource: – LOM (Life of Mine) pit hosting Probable Reserves; and – Starter pit focussed on the hi
Slide 17: For personal use only
333 holes drilled on 200m x 400m grid. Holes averaged 23m in depth - most holes ended in carbonaceous shale of the Toolebuc Fm. For personal use only 1 Refer Prospectus dated 14 October 2022 and Supplementary Prospectus dated 21 October 2022 released to ASX on 9 December 2022 Investor Update May 202
Slide 18: Wireframe encompassing Inferred Resource
Wireframe encompassing INFERRED RESOURCE 1 For personal use only The INDICATED portion of the resource (compliant with the 2012 JORC code) is shown in the next slide ..... → 1 Refer Prospectus dated 14 October 2022 and Supplementary Prospectus dated 21 October 2022 released to ASX on 9 December 2022
Slide 19: Resource Classification guided by drillhole density
Resource Classification guided by drillhole density For personal use only INFERRED INDICATED 2020 resources within EPM 25164 Indicated: 430Mt @ 0.50% V2O5 using a 0.30% cut-off Inferred: 130Mt @ 0.41% V2O5 using a 0.30% cut-off TOTAL: 560Mt @ 0.48% V2O5 using a 0.30% cut-off Investor Update May 2023
Slide 20: Vertical Distribution of Vanadium in the Orezone
VERTICAL DISTRIBUTION OF VANADIUM IN THE OREZONE Average values for each 1m interval for the 333 holes drilled in 2019. For personal use only V2O5 varies 0.10% per m Vertical asymmetrical distribution of grade V2O5 varies 0.05% per m Calcium displays the same behaviour, but reversed ……. next slide →
Slide 21: Vertical Distribution of Vanadium and Calcium in the Orezone
VERTICAL DISTRIBUTION OF VANADIUM AND CALCIUM IN THE OREZONE For personal use only High Ca (↓ vanadium recovery) High V Note Vertical asymmetrical distribution of the vanadium and calcium. Calcium values are higher in the upper half of the orezone - this may present an opportunity for selective mini
Slide 22: Vertical Distribution of Vanadium and Calcium in the Orezone
VERTICAL DISTRIBUTION OF VANADIUM AND CALCIUM IN THE OREZONE For personal use only UPPER (calcitic) orezone LOWER (higher grade) orezone 1 Refer Prospectus dated 14 October 2022 and Supplementary Prospectus 19 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT da
Slide 23: Asymmetrical vertical distribution of elements: Supergene processes
Asymmetrical vertical distribution of elements → Supergene processes For personal use only Mobility in differing Eh – pH conditions: I suspect that a fluctuating water table (over several million years) has played a large part in the resulting current elemental distribution 20 Investor Update May 20
Slide 24: Vanadium Deportment
Vanadium deportment 1 V2O5 grade 0.03% For personal use only V2O5 grade 0.10% 6% V2O5 grade 0.41% 19% 75% 1 Refer Prospectus dated 14 October 2022 and Supplementary Prospectus dated 21 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT 21 October 2022 released to
Slide 25: Exploration to Mining Lifecycle
EXPLORATION TO MINING LIFECYCLE Find economical amount of a mineral through active • 2,479 drillholes for 294,904m DISCOVERY exploration and understanding the characteristics of the land. (RVT has drilled 333 holes for 7,817m)1 • Cut-off grade of 0.30%2 For personal use only RESOURCE Mineral Resourc
Slide 26: End
END For personal use only 23 Investor Update May 2023 | December | Webinar 2022 the - “All about | Toolebuc” ASX:RVT
Slide 27: Appendices
For personal use only APPENDICES Investor Update | December 2022 | ASX:RVT
Slide 28: Mineral Resource and Ore Reserve Estimates
MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 Richmond – Julia Creek Project Richmond – Julia Creek Project Mineral Resource and Contained Metal (at 0.30% V2O5 cut-off) Ore Reserve (Lilyvale Deposit) For personal use only Tonnage V2O5 V2O5 Tonnage V2O5 V2O5 Deposit Category Category (MT) (%) (MT) (MT)
Slide 29: Proven Metallurgical Results
PROVEN METALLURGICAL RESULTS 1 • Project is a large, low grade, high calcite content resource For personal use only • RVT’s process flowsheet uses proven conventional technology • 1.2 tonnes of vanadium samples sent to two research institutes • Testwork programs jointly developed, with all testwork
Slide 30: Pre-Feasibility Study Completed
PRE-FEASIBILITY STUDY COMPLETED1 • Project presents opportunity to develop and produce vanadium concentrate at 1.82% IRR CAPEX 38% • Mining and concentration options known while logistics and available infrastructure For personal use only provide a positive economic solution NPV • Modest capital cos
Slide 31: Summary of Key PFS Outcomes
SUMMARY OF KEY PFS OUTCOMES1 PFS outcome PFS outcome Sensitivity Analysis Measure US$9.60/lb V2O5 US$9.60/lb PFS outcome PFS outcome PFS outcome (Study Price) Measure V2O5 at US$7.60/lb US$8.60/lb US$10.60/lb Life of Mine (LOM) (Study Price) V2O5 V2O5 V2O5 For personal use only PFS (Initial 25-year
Slide 32: Investment in Ultra Power Systems (UPS)
INVESTMENT IN ULTRA POWER SYSTEMS (UPS)1 RVT and UPS have executed an agreement to form a joint alliance to develop both vanadium mining and vanadium redox flow battery manufacturing For personal use only • Formal subscription agreement executed for RVT to invest $3 million into UPS to acquire 10.94
Slide 33: Bankable Feasibility Study Commenced
BANKABLE FEASIBILITY STUDY COMMENCED STATUS For personal use only Peter Hedley Draft Terms of Reference for Environmental Impact appointed as Completed Statement (EIS) issued & responses received BFS Project Director Expressions of Interest for role of BFS lead contractor Peter is a qualified Chemic
Slide 34: Mine to Metal to Battery
MINE TO METAL TO BATTERY An economic analysis for beneficiation to a concentrate in Australia, and a comparison of recovery offshore in China or onshore in Australia was carried out as part of the PFS. The PFS recommended that recovery to produce V2O5 flake be carried out offshore due to lower capit
Slide 35: Contact Us
CONTACT US This presentation has been authorised for release by the Board of Richmond Vanadium Technology Limited Warwick Nordin Chief Geologist For personal use only T: +61 8 6141 9500 E: warwick.nordin@richmondvanadium.com.au Victoria Humphries Media & Investor Relations T: +61 431 151 676 E: vict