Qem Limited · ASX:QEM
Qem — Brisbane Mining Conference 2023
36 slides from Qem's conference presentation, Mar 22, 2023
Slide 1: Advancing the Julia Creek Vanadium Project
For personal use only Advancing the Julia Creek Vanadium Project Brisbane Mining Conference, March 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 a
Slide 2: Disclaimer
Disclaimer qldem.com.au For personal use only 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
Slide 3: QEM focused on exploration and development of Julia Creek Project
qldem.com.au For personal use only 3 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.
Slide 4: Julia Creek Project
qldem.com.au Julia Creek Project For personal use only 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 4 Unique Process Globally Significant Personal Use Only Renewable Power Vanadium Resource
Slide 5: The QEM Board
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 For personal use only afforded from the Julia Creek Project. 5 Personal Use Only
Slide 6: Experienced Team
Experienced Team qldem.com.au Led by a team of successful and invested professionals, with proven record of project development For personal use only 6 Tim Wall Daniel Harris Gavin Loyden David Fitch Chairman Non - Executive Director Founder and Managing Director Non - Executive Director o Senior Ex
Slide 7: Multiple commodities while only mining once
qldem.com.au For personal use only 7 QEM can efficiently reap the rewards of Personal Use Only multiple commodities while only having to mine once. This offers potential to enhance margins and drive long-term shareholder value.
Slide 8: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited For personal use only Shares on Issue Share Price 20/03/23 Cash at 20/03/23 135.1m $0.205 $1.393m Options on issue 5,600,000 27.1m $ Exp 12/08/25 @ $0.345 Market Cap (20/03/23) 8 67.8% Director Support 32.2% Personal Use Only Top 20 Management alignment Sh
Slide 9: Julia Creek Project Location
Julia Creek Project qldem.com.au Location 4 Exploration Tenements Covering 249.6km2 in the Julia Creek Area, North-Western Queensland For personal use only Queensland 9 * Julia Creek Project Townsville *Mine Pits from the 2016 Scoping Study North West Minerals Province Connection Personal Use Only C
Slide 10: Drilling Results JORC Upgrade
Drilling Results JORC Upgrade qldem.com.au One of the world’s largest single vanadium resources For personal use only Vanadium V Oil Resource Resource 2,490 71 MMbbl’s Indicated JORC Resource increased by 64% to Mt 360Mt V205 Inferred @ Ave V2O5 2C 71MMbbl’s (SPE-PRMS)) 13 ore content of 0.31% (reco
Slide 11: Highly encouraging extraction rates
qldem.com.au For personal use only We have achieved highly encouraging 11 extraction rates with further optimisation work underway. Personal Use Only
Slide 12: Vanadium is classed as a Critical Mineral
Vanadium is classed as a Critical Mineral qldem.com.au by the Australian Government. Vanadium is a new energy mineral and a ‘strategic For personal use only metal’ when building a new energy economy. As a Critical Mineral, Vanadium is listed for priority development and investment. Vanadium 20 Perso
Slide 13: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element For personal use only 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, s
Slide 14: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element For personal use only Chemical and V Catalysts Catalysts, ‘Smart Glass’, sulphuric acid production, ceramics, dyes, cathodes for lithium batteries. 23 Durability and Weather Resistance Renewable Vanadium alloys are naturally Energy Storage
Slide 15: Renewable Energy Storage with VRFB
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Redox Flow Batteries (VRFB) For personal use only 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 24 Highly Expandab
Slide 16: Vanadium Global Production
Vanadium Global Production qldem.com.au Market Set for growth V Current Vanadium Demand 90% For personal use only Source: Vanitec Market expected to reach VRFB demand expected to equate $ 2.36 Billion ~23% of vanadium market in 2025 at CAGR of 10.2% by 2030 currently only ~ 4% 21 Global Production 2
Slide 17: 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 For personal use only Annual Installed VRFB Utility-Scale and Commercial and Industrial Annual Installed VRFB Utility-Scale and Commercial and Industrial Deployment Revenue by Region,
Slide 18: Vanadium and Oil Shale Project
Vanadium and Oil Shale Project qldem.com.au Structural JCP Concept Design Steel For personal use only Aerospace Shallow Open - Cut Ore Oil Extraction and Solids Vanadium Vanadium Pit Ave 65m deep V205 @ 0.31%+ separation V205 @ 0.48%+ Extraction Redox Flow ~10,000 t/yr > 90% @ 99.5% Purity Batteries
Slide 19: Pilot Plant Progress
qldem.com.au For personal use only 12 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 ach
Slide 20: Access to affordable renewable energy
qldem.com.au For personal use only Access to affordable, reliable and renewable energy is a key development pillar for QEM. 14 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 proj
Slide 21: Renewable Power Update
Renewable Power Update qldem.com.au “Situated in the best co-located wind and solar resources in For personal use only Eastern Australia” - AEMO o Meteorological mast, SoDAR and solar monitoring instruments are transmitting data in real time to support the wind and solar modelling developed in the 2
Slide 22: Water Options
qldem.com.au Water Options For personal use only Lake Julius, 70 kilometres north-east of Mount Isa Water options study completed o JCP’s water requirement is estimated to be between 4 and 6 gigalitres/yr; Volumes will be refined through progressive engineering stages. o Water options study recently
Slide 23: Environmental Progress
qldem.com.au Environmental Progress For personal use only Ecological Assessment Report and other environmental surveys have been completed in 2022 o The purpose of the EAR is to baseline ecological values to develop an Environmental Impact Assessment under the State Development and Public Works Orga
Slide 24: Townsville QR-CUF Progress
qldem.com.au Townsville QR-CUF Progress For personal use only Queensland Government support reach’s $75m for vanadium extraction demonstration plant o On January 24th, the Qld Premier announced a substantial increase in funding from $10M to $75M for the construction of the Queensland Resources Commo
Slide 25: QEM secures vanadium-rich waste stream
QEM secures vanadium-rich waste stream for conversion qldem.com.au to battery electrolyte For personal use only Positive ESG outcomes for Queensland o Sun Metals will provide QEM with vanadium-bearing spent catalyst o Circular Economy opportunity for QEM to upcycle Queensland industrial waste to bat
Slide 26: Fuel Security
Fuel Security qldem.com.au Running on Empty For personal use only 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 26 (IEA) – Minimum 90 days supply o COVID-19 has fu
Slide 27: Our mission
qldem.com.au For personal use only Our mission is to operate in the safest and 27 cleanest way possible while providing strong and sustained value to our shareholders. Personal Use Only
Slide 28: QEM's Commitment to ESG
qldem.com.au For personal use only 28 QEM’s Commitment to ESG QEM has adopted ESG framework developed by the World Economic Forum (WEF) Environmental Social Governance o Low carbon footprint goal o QEM supports local community – focus on o Dedicated to corporate transparency youth, women’s and sport
Slide 29: Why invest in QEM?
Why invest in QEM? qldem.com.au Right Project at Right Time For personal use only 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 concerns o Strong government
Slide 30: For personal use only
30 Personal Use Only qldem.com.au For personal use only
Slide 31: Get in touch
qldem.com.au For personal use only Get in touch: Gavin Loyden Managing Director 31 gavin@qldem.com.au Joanne Bergamin Communications Director jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us:
Slide 32: Appendix A: Julia Creek Resource
32 Personal Use Only For personal use only qldem.com.au Appendix A: Julia Creek Resource
Slide 33: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au Queensland Government support reach’s $75m for vanadium extraction demonstration plant For personal use only 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
Slide 34: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au Queensland Government support reach’s $75m for vanadium extraction demonstration plant For personal use only Average Oil Yield Oil Yield MMBbls MMBbls Resource Class Strat Unit Mass (Mt) Total Moisture (Wt%) Thickness (m) (L/tonne) LTOM (in-situ PIIP) Recov
Slide 35: Julia Creek Oil Yield
Julia Creek Oil Yield qldem.com.au Cross Section the Julia Creek Oil Deposit For personal use only 35 Personal Use Only Source: Measured Group The estimation methodology used is deterministic. The estimation is based on grids constructed for unit structure, thickness and oil grade parameters
Slide 36: Get in touch
qldem.com.au For personal use only Get in touch: Gavin Loyden Managing Director 31 gavin@qldem.com.au Joanne Bergamin Communications Director jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: