Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Mines and Money Conference 2020
24 slides from Australian Vanadium's conference presentation, September 2020
Slide 1: Australian Vanadium Ltd Mines and Money Presentation
Australian Vanadium Ltd Mines and Money Presentation September 2020 | ASX: AVL
Slide 2: Disclaimer
Disclaimer The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Competent Person References Competent P
Slide 3: Corporate Overview
Corporate Overview Australian Vanadium Limited Key Statistics (31/8/20) • Australian Vanadium Limited (ASX: AVL) is an Ordinary Shares on Issue 2.55b Market Cap (undiluted) A$33.4m emerging vanadium producer Share Price A$0.013 Cash ~A$4.8 • Focused on developing The Australian Vanadium Average Dail
Slide 4: Overview
Overview High quality vanadium deposit • Vanadium titanium magnetite (VTM) with massive high-grade zone 87.9Mt at 1.06% V2O5 Feasibility study status “ • Feasibility studies proceeding direct to bankable level to ensure financing success • Detailed pilot on 30t sample nearing completion. Crucial to
Slide 5: Experienced Team
Experienced Team Vincent Algar | Managing Director Daniel Harris | Technical Director Todd Richardson | Chief Operating Officer Geologist with over 25 years’ experience Over 40 years of global vanadium experience Over 20 years of experience in the vanadium in the mining industry spanning including p
Slide 6: Vanadium Markets
Vanadium Markets Primary: Steel Accounts for 90% of current global vanadium consumption. Growth in Global Consumption • Total expected vanadium consumption in 2020 is 104,000 Vanadium electrolyte in Mt (V metal equivalent - MTV). vanadium redox flow Emerging: Energy Storage • Annual global consumpti
Slide 7: Vanadium Price
Vanadium Price Long-Term Price Long-term average price for commodity grade V2O5 is $8.86/lb (inflated to 2017 USD). • High purity V2O5 is typically sold at a premium to the commodity price. Prices Negotiated Privately Vanadium doesn’t trade on the open market - sellers and buyers negotiate prices pr
Slide 8: PFS Vanadium Project Metrics
PFS Vanadium Project Metrics* QUALITY RESOURCE TOTAL HIGH-GRADE OPEX CAPEX RESOURCE ZONE 208 Mt 87.9 Mt US$4.15/lb US$354M @ @ V2O5 0.74% V2O5 1.06% V2O5 LOW OPEX AND CAPEX V2O5 LONG MINE LIFE LOM GRADE INITIAL LOM AVERAGE MINE LIFE PRODUCTION RECOVERY CONCENTRATE 17 years 22.5 Mlbs 1.37% V2O5 64.1%
Slide 9: Project Location
Project Location • Global Tier 1 mining location • Mining Lease granted • Unique coastal vanadium processing of vanadium • Access to globally competitive natural gas supply 9
Slide 10: Resource Summary
Resource Summary The Australian Vanadium Project • Located in Western Australia, approximately 43kms south of mining town Meekatharra. • Consists of 11 tenements covering 260km2 held 100% by AVL. • Mining Lease granted • High-grade, Bushveld-type VTM deposit drilled over 11km of AVL controlled strik
Slide 11: Resource Total Magnetic Intensity
Resource Total Magnetic Intensity 11
Slide 12: Pit, Beneficiation and Processing Plant
Pit, Beneficiation and Processing Plant 12
Slide 13: AVL's Innovative Approach
AVL’s Innovative Approach CMB – Crushing Milling & Beneficiation • Extensive pilot study work completed on 20t of representative drill core • Unique high vanadium yield achieved from massive magnetite zone: ➢ Life of Mine 76% vanadium recovery, at a grade of 1.37% V2O5 and 1.68% SiO2 ➢ First five-ye
Slide 14: Innovative Project Layout
Innovative Project Layout Coastal Processing BFS focused on processing plant near coast offering significant opportunities. • Proximity to gas pipeline infrastructure and associated low domestic gas prices. • Opportunity for lowest quartile Opex over life. • Existing road, rail, water and gas infras
Slide 15: Federal and State Government Support
Federal and State Government Support Major Project Status Lead Agency Status The Project has been awarded Major Project Status by the Federal • The Project was awarded Lead Agency Status by the Western Government in recognition of its national significance. Australian State Government. • The Lead Ag
Slide 16: Broader State Economic Impact Analysis
Broader State Economic Impact Analysis Employment Opportunities Mid-West region of Western Australia • During construction 500 jobs will be provided, 250 jobs at each of the two sites. • Once construction is complete there will be approximately 240 jobs in total, 120 jobs at each site with a further
Slide 17: What makes AVL unique?
What makes AVL unique? • Deposit size and strike length allowing for flexibility in mining and scheduling • AVL’s thorough understanding of the geo-metallurgical characteristics of its project resources, due to extensive and complete study work • Low risk, high recovery flowsheet which has been full
Slide 18: Key Objectives for 2020
Key Objectives for 2020 Finance Offtake Agreements Maintain strong financial position Offtake agreements with credible partners for Qualification with financiers for Project equity final vanadium products and debt and/or Joint Venture partnerships Feasibility Studies Environmental Approval Completio
Slide 19: Project Summary
Project Summary Ongoing Priorities Completion of large-scale downstream processing pilot program and definitive process flow diagrams Completed Environmental impact studies, water and submission to EPA Exploration success – large high quality VTM resource ✓ Mining approval Resource and Reserves for
Slide 20: Updated Resource Table
Updated Resource Table Material JORC Resource Class Million Tonnes V2O5 % Fe % TiO2 % SiO2 % Al2O3 % LOI % High Grade Measured 10.1 1.14 43.9 13.0 9.2 7.5 3.9 Indicated 25.1 1.10 45.4 12.5 8.5 6.5 2.9 Inferred 52.7 1.04 44.6 11.9 9.4 6.9 3.3 Subtotal – High Grade 87.9 1.06 44.7 12.2 9.2 6.8 3.2 Low
Slide 21: VSUN Energy
VSUN Energy 21
Slide 22: VSUN Energy: A Renewable Energy Company
VSUN Energy: A Renewable Energy Company About VSUN Energy • VSUN Energy is a renewable energy company focused on sale of vanadium redox flow batteries (VRFBs) for energy storage. • VSUN Energy is AVL’s fully owned subsidiary, launched in 2016 to grow the VRFB market in Australia and increase the dom
Slide 23: Energy Storage Business Opportunities
Energy Storage Business Opportunities Large Scale Installations Large grid-scale VRFB implementations to assist with renewable energy penetration and carbon-based fuel reduction • Energy, VRFB and vanadium electrolyte markets are expected to increase vanadium consumption globally • 100MWh of energy
Slide 24: Contact AVL
Contact AVL P +61 (08) 9321 5594 E info@australianvanadium.com.au Level 1, 85 Havelock Street West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL www.australianvanadium.com.au 24
Australian Vanadium — Mines and Money Conference 2020 on 6ix