Slide 1: Securing critical minerals for future technologies
Securing critical minerals for future technologies 2023 IMARC Global I Project Spotlight I Goschen Rare Earths and Mineral Sands Project ASX:VHM Acknowledgement of Country VHM acknowledges the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of the nation and the tra
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements Important Information This presentation has been prepared by VHM Limited ACN 601 004 102 (Company). It contains general Forward looking statements are based on numerous assumptions regarding VHM Limited’s present and future background information only which
Slide 3: VHM Limited (ASX:VHM) overview
VHM Limited (ASX:VHM) overview Australian owned rare earths and mineral sands Corporate Snapshot1 mine and processing developer Market Cap Top 20 Shareholders GOSCHEN PROJECT3 210Mt @ 3.8% THM, MRE A$95.55M Top 20: 34% 629Mt, 413Kt TREO, Zircon 21.4%, Rutile 9.7%, Ellison WA: 8.9% Mon 3.5%, Xen 0.6%
Slide 4: VHM – Our value proposition
VHM – Our value proposition Emerging Tier 1 integrated rare earth and minerals sands project with globally significant mineral assemblage Goschen’s Strong Financials: NPV A$1.525B I IRR 44% I Low Capex A$500M I FCF A$270M I Dual commodity stream1 Life of Mine: 20 years I Potential for a further 20
Slide 5: Geology overview
Geology overview Discovery of a significant critical minerals province 5
Slide 6: Geology overview
2 1 4 Geology overview 3 Notes: (1): See Company ASX release dated 8 August 2023 (2): See Company ASX release dated 29 September 2023 (3): See Company ASX release dated 16 May 2023 6 (4): See Company ASX release dated 28 March 2023
Slide 7: Geology overview
3 1 Geology overview 2 Notes: High-grade composite data from (2-4 drill collars) is illustrated for each project area (1): See Company ASX release dated 8 August 2023 (2): See Company ASX release 4 April 2023 7 (3): See Company ASX release 29 September 2023
Slide 8: Global energy transition targets
Global energy transition targets The catalyst driving demand for rare earth elements and commercialisation of Australia’s critical minerals 87% of Goschen basket value is derived from the critical rare earths crucial for electric vehicles and the green energy transition1. Notes: (1) Rare Earth Marke
Slide 9: Goschen Project permitting and approval pathway
Goschen Project permitting and approval pathway We are here Planning Approvals & Construction Operation Closure 2018 – 2020 2021 – 2022 2023 2024 2024– 2026 2026 – 2044 2045 ▪ Feasibility studies ▪ Prepare EES ▪ EES Inquiry & Advisory ▪ Production ▪ Phase 1A ▪ End of mining ▪ Prepare EES ▪ Prelimina
Slide 10: Conventional low-cost processing
Conventional low-cost processing Simple, low-risk, proven flowsheet: multiple commodity streams with demonstrated high recoveries High recoveries: Continuous improvements achieved through multiple bulk sample drill programs and metallurgical testwork programs has delivered high recoveries of valuabl
Slide 11: Hydromet Pilot Plant results demonstrate potential
Hydromet Pilot Plant results demonstrate potential Exceptional recoveries meet specifications required by Western strategic offtake partners ▪ Market leading recoveries achieved at ANSTO producing a high purity mixed rare earth carbonate (MREC) product ▪ >97% critical light rare earths Nd/Pr Goschen
Slide 12: Magnet rare earth oxide basket value peer comparison
Magnet rare earth oxide basket value peer comparison Attractive proportion of valuable rare earth elements – heavy and light (US$/kg) 70 60 Dy Tb 50 US$ of magnet REO per kg of REO Nd Pr 40 30 20 10 0 Hastings VHM Astron Arafura Peak Yangibana Goschen Donald Nolans Ngualla 12 Note: See peer comparis
Slide 13: Upcoming milestones
Upcoming milestones Advance permitting Finalise offtake Secure arrangements Mineral Resource with the Public with strategic for a Final Investment exploration upside Exhibition of the partners Decision remains to be unlocked Goschen Project #M74 VHM’s EXHIBITION BOOTH Australian owned rare earths an
Slide 14: Appendix A: Peer Comparison Data
APPENDIX A Peer Comparison Data
Slide 15: Project comparison table data for rare earth basket value
Project comparison table data for rare earth basket value Magnet Rare Earth Oxide % Distribution of Rare Earth Product Stage of Name Project Product Neodymium (Nd) Praseodymium (Pr) Dysprosium (Dy) Terbium (Tb) Location Market Cap* Development Arafura1 Nolans Oxide 20.5 5.9 0.3 0.1 DFS N.T. $443.80M
Slide 16: Appendix B: VHM Board and Management
APPENDIX B VHM Board and Management
Slide 17: Board and management team
Board and management team Michael Sheridan BEc, LLB, LLM, GradDipAppFinInv Chief Financial Officer 30+ years’ operations and financial experience as executive, having worked at senior management levels in publicly listed companies, predominantly in the international resources sector (mining and oil
Slide 18: Appendix C: JORC Tables
APPENDIX C __..JORC Tables We ws ‘
Slide 19: Company Ore Reserves
Company Ore Reserves 210.2Mt Ore Reserve Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. 19 (2) The Ore Reserve was prepared and first disclosed under the JORC Code (2012) in the ASX release d
Slide 20: Company Mineral Resources
Company Mineral Resources 820.4Mt Mineral Resource estimate Total Heavy Oversize THM Assemblage(3) Rare Earth Oxides Mineral Material In Situ THM Bulk Density Mineral Slimes material Area Resource TREO + (THM) >2mm Zircon Rutile Leucoxene Ilmenite Monazite Xenotime La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O
Slide 21: vhmltd.com.au
vhmltd.com.au Level 11, 330 Collins Street, Victoria 3000 For further information contact: Ron Douglas Interim Chief Executive Officer Ron.Douglas@vhmltd.com.au Carly O’Regan Executive General Manager carly.oregan@vhmltd.com.au