Slide 1: Advancing the Julia Creek Project
For personal use only Advancing the Julia Creek Project Investor Presentation, August 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 and their desc
Slide 2: Disclaimer
Disclaimer qldem.com.au 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 a recommendation to ac
Slide 3: Focused on exploration and development of Julia Creek Vanadium and Oil Shale Project
qldem.com.au For personal use only 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. 3
Slide 4: Julia Creek Project
qldem.com.au Julia Creek Project QEM seeks to develop a World-Class V Vanadium and Oil Shale Project Multi Commodity Sovereign Supply For personal use only Vanadium Fuel Security Transport Fuel High Purity V2O5 Unique Process Globally Significant Personal Use Only Renewable Power Vanadium Resource G
Slide 5: Vanadium is classed as a Critical Mineral
Vanadium is classed as a Critical Mineral qldem.com.au by the Australian Government. Vanadium is a ‘strategic metal’ when building a new energy economy. As a Critical Mineral, Vanadium is listed for priority development and investment. For personal use only Vanadium Personal Use Only 5
Slide 6: 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 6
Slide 7: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Improves Tensile Lowers CO2 Steel Strength emissions For personal use only 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 8: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Chemical and V Catalysts For personal use only Catalysts, ‘Smart Glass’, sulphuric acid production, ceramics, dyes, cathodes for lithium batteries. Durability and Weather Resistance Renewable Energy Vanadium alloys are naturally Storage dur
Slide 9: Vanadium Global Production
Vanadium Global Production qldem.com.au Market Set for growth V Current Vanadium Demand Source: Vanitec 87% Market expected to reach VRFB demand expected to equate $2.36 Billion ~23% of vanadium market For personal use only in 2025 at CAGR of 10.2% by 2030 currently only ~ 4% Global Production 2022
Slide 10: Renewable Energy Storage
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Redox Flow Batteries (VRFB) Vanadium Lithium For personal use only 100,000+ (20 - 30 Years) Number of Cycles 3,000 - 10,000+ (5 - 7 Years) Low Self Discharge (Stays Charged) Low Environmental Footprint Highly Expandable
Slide 11: VRFB Global Installations 2023
VFRB Global Installations 2023 qldem.com.au Over 200 large scale VRFB projects worldwide For personal use only Personal Use Only Source: Vanitec. 11 Note: QEM is a full member of Vanitec.
Slide 12: 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 Personal Use Only Source: Guidehouse Insights: White Paper Identifying Market Opportunities and Enablers Q2 2022, for Vanitec. Note: QEM is a full member of Vani
Slide 13: Located in a Tier 1 mining jurisdiction
qldem.com.au For personal use only Located in a Tier 1 mining jurisdiction, QEM aims to develop Australia’s Critical Minerals Resources in Queensland’s North West Minerals Province. Personal Use Only 13
Slide 14: Julia Creek Project
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 Indicated Inferred Inferred Townsville Personal Use Only Brisbane *Indicative only 14
Slide 15: Large JORC Resources
Large JORC Resources qldem.com.au One of the world’s largest single vanadium resources. Vanadium V Oil Resource Resource For personal use only 2,490 626 MMbbl’s Indicated JORC Resource increased by 64% to Mt 360Mt V205 which represents half of Inferred @ Ave V2O5 3C 626 MMbbl’s (SPE-PRMS)) Queenslan
Slide 16: 2023 Exploration Program
2023 Exploration Program qldem.com.au 12 holes (620m) completed. Update to JORC Report pending. For personal use only Queensland Indicated Inferred Inferred Personal Use Only Core sample 33m Transition CQL-OS 2023 *Indicative only 16
Slide 17: Multiple commodities while only mining once
qldem.com.au For personal use only QEM can efficiently reap the rewards of multiple Personal Use Only commodities while only having to mine once. This offers potential to enhance margins and drive long-term shareholder value. 17
Slide 18: Vanadium and Oil Shale Project JCP Concept Design
Vanadium and Oil Shale Project JCP Concept Design qldem.com.au Structural Steel Aerospace Shallow Open - Cut Ore Oil Extraction and Solids Vanadium Vanadium For personal use only Pit Ave 55m deep separation V2O5 upgraded Extraction Redox Flow ~10,000 t/yr Post oil > 90% High Purity Batteries extract
Slide 19: Pilot Plant Progress
qldem.com.au For personal use only 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 achiev
Slide 20: The QEM Board draws upon decades of experience
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 afforded from the Julia Creek Project. For personal use only Personal Use Only 20
Slide 21: 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 David Fitch Chair Non - Executive Director Founder and Managing Director Non - Executive Director o Senior Executi
Slide 22: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 01/08/23 Cash at 30/06/23 146.9m 0.22 $ 1.970m $ Options on issue 250k Exp 01/05/25 @ $0.20 5,850,000 For personal use only 5.6m Exp 12/08/25 @ $0.345 32.31m $ Market Cap (01/08/23) 70.4% Director Support 29.6% Personal Use Only
Slide 23: De-risking the Project
De-risking the Project qldem.com.au Access to affordable, reliable and For personal use only renewable energy is a key development pillar for QEM. 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
Slide 24: Renewable Power Update
Renewable Power Update qldem.com.au “Situated in the best co-located wind and solar resources in Eastern Australia” - AEMO o Meteorological mast, SoDAR and solar monitoring instruments are transmitting data in real time. Over 14 months of data collected since installation For personal use only o Mod
Slide 25: Queensland Government - Industry Support
qldem.com.au Queensland Government - Industry Support Townsville QR-CUF Progress o On January 24th 2023, the Qld Premier announced funding to increase from $10M to $75M for the construction of the Queensland Resources Common User Facility (QR-CUF). o QEM has been involved in the design inputs for th
Slide 26: Our mission is to operate safely and cleanly
qldem.com.au For personal use only Our mission is to operate in the safest and cleanest way possible while providing strong and sustained value to our shareholders. Personal Use Only 26
Slide 27: QEM's ESG Update
QEM’s ESG UPDATE QEM’s ESG Focus Areas* qldem.com.au Q2 2023 Highlights and achievements Q1-2: ● QEM secured Circular Economy opportunities with Sun Metals and Incitec Pivot to upcycle Queensland For personal use only industrial waste to battery grade vanadium pentoxide (V2O5). ● QEM’s investment in
Slide 28: For personal use only
Personal Use Only For personal use only qldem.com.au 28
Slide 29: Right Project at Right Time
Right Project at Right Time qldem.com.au o Multi Commodity Exposure in high growth markets o Unique proprietary extraction technology o Globally significant Critical Minerals opportunity o Low market capitalization For personal use only o Fuel Security o Strong government support o Helping to meet A
Slide 30: Get in touch
qldem.com.au Get in touch: For personal use only Gavin Loyden Managing Director gavin@qldem.com.au Joanne Bergamin Director, Communications & Sustainability jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 30
Slide 31: Appendix A: Julia Creek Resource
Personal Use Only For personal use only qldem.com.au Appendix A: Julia Creek Resource 31
Slide 32: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au Vanadium & Other Metals 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 3.16 2.41 0.24 161 132 121 763 4525 For personal use only CQLB 104 2.74 2.32 0.30 201
Slide 33: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au Oil Content 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 983 2.8 5.6 49.2 51.2 274 247 OSU 522 1.8 5.6 74.6 78.8 221 199 For personal use only