Richmond Vanadium Technology Pty Ltd. · ASX:RVT
Richmond Vanadium Technology Pty — Shareholder Meeting (November 2023)
24 slides from Richmond Vanadium Technology Pty's shareholder meeting presentation, Nov 22, 2023
Slide 1: 2023 Annual General Meeting
2023 ANNUAL GENERAL MEETING For personal use only Jon Price Managing Director ASX : RVT Investor Update | December 2022 | ASX:RVT 22 NOVEMBER 2023
Slide 2: 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 3: Corporate Overview
CORPORATE OVERVIEW RVT $17.2m $79.86m 221.8m 13.5m 2.3m For personal use only ASX Code Cash Market Cap Shares Options Performance (as at 31/10/2023) (as at 21/11/23) on Issue on Issue1 Rights2 Board and Management Ownership Brendon Grylls Independent Non-Executive Chair Directors, Management & Staff
Slide 4: The Vanadium Market
THE VANADIUM MARKET Supply Projected vanadium consumption by end-use (excluding steel) 1 For personal use only • Listed by the Australian and US Governments as a “Critical Mineral” • Global production currently at ~140ktpa - China, Russia, South Africa and Brazil accounting for almost all production
Slide 5: Vanadium Redox Flow Batteries (VRFBs)
VANADIUM REDOX FLOW BATTERIES (VRFBs) • Adoptable energy storage system ideal for residential and commercial applications For personal use only • Megawatt capacities for grid and standalone storage systems for solar and wind farm installation • Non-flammable compared with lithium batteries with long
Slide 6: 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 7: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW Location • Located in Tier-1 mining jurisdiction of North Queensland For personal use only • Advantage of infrastructure including proposed Copper String 2032 HV network line, Flinders Highway and Great Northern railway link to Townsville Port • Three main prospect
Slide 8: What Did We Achieve in FY2023
WHAT DID WE ACHIEVE IN FY2023 • Successful IPO completed raising $25 million (before costs)1 • Listed on the ASX on 13 December 2022 1 For personal use only • Executed Agreement with electrolyte and VRFB battery maker Thorion Energy inclusive of offtake arrangement 2 • Attained Co-ordinated Project
Slide 9: Where Was Your Money Spent
WHERE WAS YOUR MONEY SPENT • Post IPO cash position of $23.4 million as at 31 Dec 2023 Expenditure - Dec Qtr 2023 to Oct Qtr 2024 For personal use only • Tight management structure with modest overheads $1,664,000 , $1,700,000 , • Exploration and evaluation included: 20% 20% • Large scale sampling f
Slide 10: A Big Year Ahead
A BIG YEAR AHEAD • Extensive metallurgical test work program underway in China and Australia for concentrate generation and +99% V2O5 production For personal use only • Focus on optimising flowsheet pathway treating very fine particle sizes and minimising calcium in the concentrate • Independent ver
Slide 11: A Big Thank You
A BIG THANK YOU • To our excellent RVT team who are working hard to deliver a world class For personal use only unique orebody into development and production. • To our brokers, advisors, consultants, contractors and all others who are assisting us in this journey. • To the local government at Richm
Slide 12: Contact Us
This presentation has been authorised for release by the CONTACT US Board of Richmond Vanadium Technology Limited Jon Price For personal use only Managing Director T: +61 8 6141 9500 E: info@richmondvanadium.com.au Ben Creagh Media & Investor Relations T: +61 417 464 233 E: benc@nwrcommunications.co
Slide 13: Investment Summary
INVESTMENT SUMMARY For personal use only World Class Located in Qld Promising long-term Critical Mineral Tested metallurgy, Project with access to outlook for – attracts funding proven technology One of the largest infrastructure and Vanadium Queensland Govt Proven metallurgical solution undeveloped
Slide 14: Investment in Thorion Energy
INVESTMENT IN THORION ENERGY (formerly UPS)1 RVT and Thorion have formed a joint alliance to grow vanadium redox flow battery manufacturing inclusive of an offtake arrangement For personal use only • Formal subscription agreement executed for RVT to invest $3 million into Thorion to acquire 10.94% •
Slide 15: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INTEGRATED ESG STRATEGY WITH THE ADOPTION OF GLOBALLY RECOGNISED WORLD ECONOMIC FORUM ESG FRAMEWORK Inaugural baseline Environmental, Social, and Governance (ESG) report released For personal use only within targeted timeframe of first year of listing ENVIRON
Slide 16: Appendix - Mineral Resource and Ore Reserve Estimates
APPENDIX 1 - 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)
Slide 17: Appendix - Summary of Key PFS Outcomes
APPENDIX 2 - 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 (Ini
Slide 18: Appendix – Peer Comparison Table
APPENDIX 3 – PEER COMPARISON TABLE Resource Resource Resource Total Resource Concentrate Company Code Project Stage Grade Information Source and Notes Category Tonnes (Mt) (Mt @ V2O5 %) Grade (V2O5 %) Indicated 429.4 0.50 Richmond Richmond – 1,838Mt @ 0.36% Refer Prospectus dated 14 October 2022 and
Slide 19: 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 Qualified Chemical Engineer and Comple
Slide 20: Board of Directors
BOARD OF DIRECTORS DR SHUANG (SHAUN) REN BRENDON GRYLLS JON PRICE LILY ZHAO NON-EXECUTIVE DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIR MANAGING DIRECTOR TECHNICAL DIRECTOR & CHIEF PROJECT ENGINEER For personal use only Shaun completed his PhD in Economic Brendon brings extensive relationships and Jon ho
Slide 21: 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 8,956m)1 • Cut-off grade of 0.30%2 For personal use only RESOURCE Mineral Resourc
Slide 22: A Systematic, Stepped Approach
A SYSTEMATIC, STEPPED APPROACH1,2 • RVT earns 25% stake in project • Updated JORC (2012) Mineral • Awarded Coordinated Project Status • 57 holes for 1,139m of drilling completed Resource of 1.8 billion tonnes @ • Updated JORC (2012) Mineral Resource 0.36% V2O5 • Project restructured to 100% RVT owne
Slide 23: Project Impact
PROJECT IMPACT 29% of Australia’s electricity generation came from renewables, and 51% from coal For personal use only Renewable energy in 20211 has the potential to ~10,000 tonnes of reduce energy costs, vanadium pentoxide improve health (by (V2O5) is required reducing air pollution) for each GWh o
Slide 24: Queensland – A Key Critical Mineral Destination
QUEENSLAND – A KEY CRITICAL MINERAL DESTINATION QUEENSLAND GOVERNMENT PROVIDING VALUABLE SUPPORT FOR LOCAL VANADIUM PROJECTS ✓ Queensland is a key player in critical minerals investment For personal use only and a destination of choice for mining and manufacturing opportunities ✓ Critical minerals w
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