Qem Limited · ASX:QEM
Qem — Investor Presentation (September 2024)
25 slides from Qem's investor presentation, Sep 30, 2024
Slide 1: Advancing the Julia Creek Project
For personal use only Advancing the Julia Creek Project ASX : QEM Corporate Presentation, September 2024 “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
Slide 2: Disclaimer
Disclaimer qldem.com.au Disclaimer To the maximum extent permitted by law, QEM and its directors, employees, agents, advisers and consultants: QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this • give no representation or warranty, express or implied, to a recipient presentation.
Slide 3: Disclaimer - Scoping Study Cautionary Statement
Disclaimer qldem.com.au Refer to QEM Limited ASX announcement 27 August 2024 for full details of the Julia Creek Project Scoping Study (including all relevant material assumptions). QEM confirms that it is not aware of any new information or data that materially affects the information included in t
Slide 4: Focus on the Julia Creek Project
qldem.com.au For personal use only QEM Limited is focused on the exploration Personal Use Only and development of the Julia Creek Project, a unique world class critical minerals and oil shale resource. 4
Slide 5: Investment Highlights - 2024 JORC and SPE-PRMS Resources
Investment Highlights- 2024 JORC and SPE-PRMS Resources qldem.com.au One of the world’s largest single vanadium resources with significant oil resource. Vanadium V Oil Resource Resource Maiden 1C resource of 6.3 For personal use only MMBBL’s 2,870 654 MMbbl’s Indicated JORC Resource increased by 28%
Slide 6: Julia Creek Project
Julia Creek Project qldem.com.au 4 EPMs covering 250km2 in Queensland’s NWMP. Well-located on major infrastructure corridor, including Copperstring access. For personal use only Queensland Indicated 6 Inferred Brisbane Inferred Personal Use Only Source: QEM Scoping Study ASX Announcement, 27 August
Slide 7: 2024 Scoping Study Highlights
2024 Scoping Study Highlights qldem.com.au Post - Tax IRR: Payback Pre - production NPV (8%): Period: CAPEX For personal use only (ex-contingency, owners’ costs & EPCM) AUD 1,106M 16.3% 5 Years AUD 791M Life of Mine: ROM: Annual OPEX: Production: Personal Use Only 10,571 tonnes V2O5 V2O 5 : USD $5.8
Slide 8: 2024 Scoping Study Highlights - Detail
2024 Scoping Study Highlights- Detail qldem.com.au Key Outcomes of the Scoping Study:1 o Post-tax NPV of AUD 1,106 M (8% discount rate), DCF-IRR of 16.3%, and a o Over the LOM, an average production of 10,571 tpa (23.3Mlbs) payback period of 5 years from the start of mining 1 V2O5 (99.5% grade) and
Slide 9: Australia's Vanadium Deposits
Australia’s Vanadium Deposits qldem.com.au QEM- Globally significant vanadium project with half of Queensland’s total resource For personal use only Personal Use Only Source: Geoscience Australia – Australia’s Identified Mineral Resources 2022 9
Slide 10: Vanadium Global Production
Vanadium Global Production qldem.com.au IMF predicts 8-fold surge in Market set for strong growth driven by LDES of 4-10 hours+ - VFB V Vanadium Demand by 2050 Market expected to reach VFB demand expected to equate $ 2.36 Billion ~25% of vanadium market For personal use only in 2025 at CAGR of 10.2%
Slide 11: Product Pricing - Vanadium Pentoxide
Product Pricing- Vanadium Pentoxide qldem.com.au Key pricing assumptions used in the Scoping Study Metal Bulletin Commodity Grade V2O5 (98.5%) QEM Pricing for 99.5% V2O5 Real Price Distribution Jan. 2004 – June 2024 Inflated to Jan 2024 US$ For personal use only Source: Vanitec: Forecast and Vanadiu
Slide 12: Product Pricing - Transport Fuel
Product Pricing – Transport Fuel qldem.com.au Key pricing assumptions used in the Scoping Study Historic Pricing for diesel in Brisbane For personal use only Key Scoping Study Assumptions: • The transport fuel selling price of AUD 1.20/L has been selected based on the 3-year average wholesale price
Slide 13: Vanadium and Oil Shale Project
Vanadium and Oil Shale Project qldem.com.au Structural Steel JCP Scoping Study Concept Design Aerospace Shallow Open- Cut Pit Limestone Kerogen Pre-float Calcite reverse Clays Vanadium Separation Separation flotation Redox Flow 5.1Mt/yr. ROM 2nd kerogen V205 upgraded ~10,500 t/yr separation @99.5% P
Slide 14: Pilot Plant
qldem.com.au For personal use only Pilot Plant Bench scale pilot plant - Testing and optimisation program - HRL Labs Vic. o Bench scale pilot plant commissioned May in 2022* Personal Use Only o Oil yields (equivalent) ~180% that of a Modified Fischer Assay (MFA)** indicating that this is a highly ef
Slide 15: Environmental Progress
Environmental Progress qldem.com.au Environmental Studies Underway Work Undertaken includes: o A 12-month ground and surface water baseline monitoring assessment has been completed. For personal use only o Two ecological flora and fauna field surveys. This data was captured and used as part of the c
Slide 16: Renewable Power Project - sale of assets to EGPA
Renewable Power Project - sale of assets to EGPA qldem.com.au “Situated in the best co-located wind and solar resources in Eastern Australia” - AEMO o EGPA to develop up to 1GW hybrid wind, solar and BESS project o In January 2024 QEM sold its project assets to global renewables giant For personal u
Slide 17: Strong Government Support
Strong Government Support qldem.com.au A framework of support across the Value Chain For personal use only Personal Use Only National Battery Testing Centre 17
Slide 18: 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 Tim Wall Daniel Harris Gavin Loyden Tony Pearson Chair Non - Executive Director Founder and Managing Director Non - Executive Director o Former Senior
Slide 19: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 27/09/24 Cash at 30/06/24 151.4m $ 0.110 $1.645m Options on issue 6,350,000 250k Exp 01/05/25 @ $0.20 For personal use only 500k Exp 01/03/26 @ $0.20 5.6m Exp 12/08/25 @ $0.345 20.0m $ Market Cap (20/09/24) 72.7% Director 27.3%
Slide 20: Project Implementation Schedule
Project Implementation Schedule qldem.com.au Development Timetable to 2026 For personal use only Personal Use Only 20
Slide 21: Right Project at Right Time
qldem.com.au Right Project at Right Time Target milestones to 2026 • Multi Commodity Exposure in high growth markets • Complete MET test work- Q2 2025 • Globally significant Critical Minerals opportunity • Pre-feasibility Study- targeted to complete- Q12026 For personal use only • Domestic Fuel Secu
Slide 22: Appendix A: Julia Creek Resource
Personal Use Only For personal use only qldem.com.au Appendix A: Julia Creek Resource 22
Slide 23: Project Approvals Schedule
Project Approvals Schedule qldem.com.au Federal and State Approvals Required for JCP Approval Department Date Initial Advice Statement (IAS) Submission: State Government – OCG* 26th August 2024 EPBC Referral: Federal Government – DCCEEW** Q4 2024 Coordinated Project Declaration: State Government - O
Slide 24: Julia Creek Resource Overview 2024
Julia Creek Resource Overview 2024 qldem.com.au JORC (2012) Vanadium & Other Metals Average Insitu Density Resource Class Strat Unit Mass (Mt) V2 O5 (Wt%) Cu (ppm) Mo (ppm) Ni (ppm) Zn (ppm) Al (ppm) Thickness (m) (gm/cc) CQLA 167 3.17 2.40 0.24 For personal use only CQLB 128 2.58 2.28 0.30 Indicate
Slide 25: Julia Creek Resource Overview 2024 - SPE-PRMS Petroleum Resource
Julia Creek Resource Overview 2024 qldem.com.au SPE-PRMS Petroleum Resource - Petroleum In Place (PIIP) @ 90% recovery Average Oil Yield Oil Yield MMBbls MMBbls Resource Class Strat Unit Mass (Mt) Total Moisture (Wt%) Thickness (m) (L/tonne) LTOM (in-situ PIIP) Recoverable CQLB 903 2.5 6.8 53.1 55.0