Tivan Limited · ASX:TVN
Tivan — Investor Presentation (April 2023)
32 slides from Tivan's investor presentation, Apr 12, 2023
Slide 1: Investor Briefing Presentation
12 April 2023 Investor Briefing Presentation The Board of Tivan Limited (ASX: TVN) (“Tivan” or the “Company”) is pleased to enclose the investor briefing to be presented by Executive Chairman Mr Grant Wilson during an online briefing with shareholders this afternoon, Wednesday 12 April 2023, commenc
Slide 2: Online Investor Briefing
Online Investor Briefing Executive Chair, Grant Wilson 1700 AEST, 12 April 2023
Slide 3: Tivan life cycle – circularity is integral to sustainability
Figure 1: Tivan life cycle – circularity is integral to sustainability
Slide 4: Disruptive change creates local and global opportunity
Tivan: Disruptive change creates local and global opportunity Figure 2: Change in the new era
Slide 5: High impact decisions, high velocity execution
Tivan: High impact decisions, high velocity execution
Slide 6: Corporate scoreboard
Tivan: Corporate scoreboard Figure 3: The new era is a comprehensive program of corporate renewal. The heatmap reflects an internal assessment by the Executive team at the conclusion of the Reset, Review, Renew period.
Slide 7: 1st Finding: Return to Darwin
Tivan: 1st Finding: Return to Darwin Decision: To relocate the Tivan Processing Facility to the Middle Arm Sustainability Development Precinct Transaction: Do Not Deal commitment from NT Government Financing Mechanism: N/A Impact: • Project facilitation via subsidised common use infrastructure • Acc
Slide 8: 2nd Finding: Acquisition of Speewah
Tivan: 2nd Finding: Acquisition of Speewah Decision: Secure the most strategically important vanadium resource in the world Transaction: Acquisition from King River Resources Financing Mechanism: Shares and cash Impact: • Largest drilled vanadium in titanomagnetite resource globally • Very high vana
Slide 9: 3rd Finding: Exploration Alliance at Sandover
Tivan: 3rd Finding: Exploration Alliance at Sandover Decision: Explore for critical minerals in central Australia Transaction: Exploration Alliance with Earth AI Financing Mechanism: Cash and contingent cash Impact: • Maximise alignment with critical minerals secular thematic • Embrace the digital t
Slide 10: 4th Finding: Tivan+ technology pathway with CSIRO
Tivan: 4th Finding: Tivan+ technology pathway with CSIRO Decision: Develop hybridised Tivan+ technology pathway with CSIRO Transaction: Confidential Financing Mechanism: Confidential Impact: • Optimise vanadium titanomagnetite R&D within Australia • Re-shore testwork and laboratory capacity • Simpli
Slide 11: Critical paths
Tivan: Critical paths Figure 8: Tivan's critical and secondary paths
Slide 12: Revenue model comparison
Tivan: Revenue model comparison Figure 9: Speewah's revenue mix, independent of throughput, is significantly tilted toward Vanadium. Supported by due diligence assessment of geological modelling, testwork and geological/engineering studies undertaken for Speewah by the previous project owner; and by
Slide 13: Timelines
Tivan: Timelines Figure 10: Tivan's timelines
Slide 14: Value benefit of Pilot Plant
Tivan: Value benefit of Pilot Plant For novel mining technologies, a Pilot Plant contributes strongly to Net Present Value The positive NPV of a Pilot Plant reflects: • Avoidance of capital costs of a failed technology, less; • Present value of the Pilot Plant, adjusted for; • Deferment of increment
Slide 15: Environmental approval process – MASDP
Tivan: Environmental approval process – MASDP Figure 12: Approval timeline for MASDP Further information https://middlearmprecinct.nt.gov.au/Sustainability https://dipl.nt.gov.au/data/assets/pdf_file/0006/1103757/masdp-environmental-assessment-fact-sheet-april-2022.pdf
Slide 16: Environmental approval process – Speewah
Tivan: Environmental approval process – Speewah Figure 13: Approval flowchart for Speewah
Slide 17: Pathway to decarbonisation
Tivan: Pathway to decarbonisation Tivan's Net Zero Pathway is under development, and an important priority for the Board. Figure 14 shows a conceptual basis, with different stages: • Construction • Pre-solar deployment • With solar deployment • With baseline offset from 2035 Tivan is a 'carbon negat
Slide 18: First Nations
Tivan: First Nations Figure 15: Tivan is highly engaged with First Nations peak bodies and traditional owners groups across central and northern Australia. Tivan is committed to developing innovative pathways that facilitate genuine inclusion and involvement.
Slide 19: Consolidated efforts
Tivan: Consolidated efforts The consolidated efforts of government, research, industry and community is required for the critical minerals sector to reach its potential in Australia. Read here Making the most of Australia’s endowment of critical minerals Read here Tivan's Submission to the Federal G
Slide 20: Addressing Australia's hardest problem
Tivan: Addressing Australia's hardest problem Australia has a legislated target for Net Zero Emissions by 2050, but does not have a credible plan. CSIRO* found in March 2023 that a 10 – 14x increase in storage for renewable energy is required by 2050: equivalent to adding Snowy 2.0 to the grid each
Slide 21: VRFB commercial readiness
Tivan: VRFB commercial readiness CSIRO's Renewable Energy Storage Roadmap highlights that VRFB have lagged lithium-ion batteries and pumped hydro in terms of commercial readiness. Lithium-ion batteries create unwanted sovereign dependency and are inferior technology. Pumped hydro faces technical cha
Slide 22: Addressing price and price volatility through scale
Tivan: Addressing price and price volatility through scale CSIRO's Renewable Energy Storage Roadmap highlights the key challenge for VRFB: price. Tivan offers: • Economies of scale • Security of supply • Financialisation pathway By supporting an R/D cycle in VRFB, further efficiencies will be captur
Slide 23: Government priorities
Tivan: Government priorities Tivan is uniquely well placed to deliver on ten categories prioritized by the Federal government’s reset of the Critical Minerals Strategy. Figure 21: Tivan's Speewah/MASDP project mapped against Federal government priorities and nominal maximum achieved.
Slide 24: Partners
Tivan: Partners Strategic Partners CSIRO* Sun Cable* a AA Public Relations Bespoke Territory* SEC Newgate* *New Era Ana Partners SMS Group Ti-Cons METS. Earth Al" & Legal Gilbert + Tobin* Project Finance KPMG Corporate Finance KIW IPEX-Bank Export Finance Australia Euler Hermes Korea Trade Insurance
Slide 25: Board
Tivan: Board NE Grant Wilson Executive Chair Grant led the nationally prominent campaign ‘to change management at Tivan through the second half of 2022. His 25-year career includes extensive ‘experience in global finance, law, media, technology and government. He previously held senior roles for the
Slide 26: Team
Tivan: Team P| 43 ~ Jason Giltay Brendon Nicol Katrina Arratoon Dan Foo Helen Yang Tony Bevan Chief Financial Officer Process Manager \VP-Engagement Project Director Commercial Manager Company Secretary Darwin a ne Michael Christ Alex Botterill Paula Raffo Mousumi Chaudhary Helen Nugent Project Mana
Slide 27: Corporate overview
Tivan: Corporate overview Figure 22: TVN/ASX Closing Share Price & Volume
Slide 28: What's next?
Tivan: What's next? Y 7 Dr [aE @a- [a Y Corporate Digital Capital Raise Apr 13-14: Darwin Dialogue Twitter Hard Work Apr 17: Perth office move Website 2.0 Int it Apr 19: Global briefing with — ntegrity Exante Data rp Resilience May: Darwin office official open May: Relocate H@ to Darwin Technical Ad
Slide 29: Appendix 1: Hard Rock Vanadium Peer Comparison
Tivan: Appendix 1: Hard Rock Vanadium Peer Comparison For live links: Read here ASX Announcement dated 20th February 2023
Slide 30: Disclaimer: Reliance
Disclaimer: Reliance Reliance and Forward Looking Statements In all cases, this presentation is provided on the basis that the recipient will conduct their own investigation and analysis of the information set forth in this presentation independently and without reliance on Tivan Limited or any of i
Slide 31: Disclaimer: Competent Person
Disclaimer: Competent Person The information in this presentation related to the Speewah Mineral Resource estimate is extracted from an ASX announcement of King River Resources Limited (ASX: KRR) entitled “Vanadium Resource Amendment” dated 1 April 2019 and is available to view on www.kingriverresou
Slide 32: tivan
e.. @. tivan 8 a critical minerals company Registered Office Suite 20, 22 Railway Road Subiaco WA, 6008 Australia Contact +618 9327 0900 engagement@tivan.com.au tivan Limited ABN 12 000 817 023 ASX Code: TVN tivan.com.au