Slide 1: Vanadium in the Bushveld Complex
ASX:VR8 “VANADIUM IN THE BUSHVELD COMPLEX”
Slide 2: Introduction | Key Points
INTRODUCTION | KEY POINTS WORLD CLASS One of the world’s largest vanadium deposits. Indicated and inferred JORC resource 612 Mt @ 0.78% V2O5 in situ incl. 167 Mt @ 1.07% V2O5. EXCEPTIONAL QUALITY Long life open pit mining generates high grade Vanadium concentrate +2% V2O5 post beneficiation with low
Slide 3: Corporate Overview
CORPORATE OVERVIEW ◆ Vanadium Resources has the legal right to 73.95% of the SPD Project. Capital Structure ◆ Vendor group of prominent South African Current Shares 374,277,438 mining identities who have joined board. Listed Options ($0.12, exp. 01/06/2021) 10,029,413 ◆ Directors hold ~ 26% of the i
Slide 4: A stand-out amongst all peers
PEER COMPARISON A stand-out amongst all peers Chart compares resources reported under different codes and companies at different stages of development as detailed in slide 31. Only resources with a quoted in situ grade > 0.45% V2O5 are shown in figure. ASX: VR8 4
Slide 5: Development Strategy: Focused Management
DEVELOPMENT STRATEGY Focused Management FAST TRACK NEXT TO MINE VALUE ADD PARTNERS Fast track of the Create the World’s Pursue all possibilities Begin early resource ready for next Vanadium mine for value adding from development and development or the able to compete on a concentrate through partner
Slide 6: Located in the Bushveld Complex
GEOLOGY | LOCATION Located in the Bushveld Complex Steelpoortdrift is part of a geologically unique igneous complex endowed with deposits of PGEs, chromium, vanadium and magnetite. This world-renowned mining location is host to several mining operations and multiple major mining companies are active
Slide 7: Outstanding Mineralisation
GEOLOGY | ORE BODY Outstanding Mineralisation ◆ Steelpoortdrift Project located in the Bushveld Complex, one of the most studied geological provinces in the world. ◆ Vanadiferous titanomagnetite layers occur at the same stratigraphic level across the entire complex and can be traced for almost 400 k
Slide 8: High Grade Drill Results
GEOLOGY | DRILL RESULTS High Grade Drill Results ◆ Mineral Resource includes 169Mt ◆ 18m at 0.80% V2O5 from 0m (VRC017) incl. 4m at at 1.07% V2O5 from surface. 1.16% V2O5 ◆ Consistent high-grade drill results ◆ 14m at 0.98% V2O5 from 0m / surface (VRC043) from surface. ◆ 34m at 1.03% V2O5 from 22m (
Slide 9: Excellent Oxide Zone Results
GEOLOGY | OXIDE ZONES Excellent Oxide Zone Results ◆ Mineralisation outcrops or subcrops across project, with weathering < 10m. ◆ Amenable to open pit mining with an initial 25-year mine life defined. ◆ Unlike many deposits, weathered mineralisation behaves no differently to fresh mineralisation in
Slide 10: Impressive Reported JORC
GEOLOGY | JORC Impressive Reported JORC Mineral Resource by Category Tonnes Whole Rock ◆ High grade Mineral Resources drilled Category (Mt) V2O5 % to a high level of confidence Indicated 231 0.78 (Indicated and Inferred categories). ◆ Global Mineral Resource of Inferred 380 0.77 612 million tonnes a
Slide 11: Comprehensive Test Results
GEOLOGY | CONCENTRATE Comprehensive Test Results ◆ Plant trials show + 2% V2O5 concentrate can be produced using simple beneficiation processes. ◆ Excellent mass recovery across mineralised intervals, increasing to + 40% in higher grade zones (+ 1.0% V2O5). ◆ Concentrate analysis is very consistent
Slide 12: Value-Add Testing Progressing
GEOLOGY | METALLURGICAL TESTING Value-Add Testing Progressing ◆ Plant trials show +2% V2O5 concentrate can be produced using simple beneficiation processes. (1) ◆ Further work planned to identify other value adding possibilities such a pelletisation. ◆ Test work planned to produce Ammonium Metavanad
Slide 13: All Options to be Explored
MOVING FORWARD | VALUE ADDING All Options to be Explored Test-work will investigate established processing techniques (salt roasting) along with hydrometallurgical techniques and more conceptual “direct attack” methods. ◆ Current studies into processing of concentrate to produce >98% V2O5 product (s
Slide 14: Aggressive Development Plan
MOVING FORWARD | TIMELINE Aggressive Development Plan TIMELINE Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Concentrate PFS In Progress Complete V2O5 Met Work In Progress Complete V2O5 PFS Planning In Progress Complete In V2O5 DFS Planning Progress Complete Mid ~2021 Offtake Agreements To
Slide 15: Moving Forward | Production
MOVING FORWARD | PRODUCTION ◆ Beneficiation plant to produce a V205 concentrate would provide the front-end for V205 production and could be operated independently ◆Contract beneficiation facilities could be utilized while the process plant is under construction. ◆Production of concentrate intended
Slide 16: Permitting Completed
MOVING FORWARD | PERMITTING Permitting Completed : Mining Right Approved Environmental Management Plan Approved Social and Labour Plan Approved ◆The Steelpoortdrift Vanadium Project is covered by a granted Mining Right. ◆The Mining Right remains in force until September 2048. ◆The Mining Right inclu
Slide 17: China Committed to S.A
LOCATION | INVESTMENT ADVANTAGE China Committed to S.A Prominent Chinese mining companies have strong presence in South Africa through both direct investments or acquisitions of mines in South Africa. ◆ Prominent Chinese mining companies have strong presence in South Africa through both direct inves
Slide 18: China Committed to S.A (Limpopo EMSEZ)
LOCATION – LIMPOPO EMSEZ China Committed to S.A EMSEZ is a large scale bilateral industrial agreement between China and South Africa. The project has already attracted RMB10 billion potential investment from prominent Chinese companies. ◆ EMSEZ is a fully integrated metallurgical industrial park whi
Slide 19: Huge Local Infrastructure Advantage
LOCATION | INFRASTRUCTURE Huge Local Infrastructure Advantage Platinum refinery in Bushveld Complex N of Steelpoort ESKOM sub station, 12km from project De Hoop Dam 15km from project Lion Ferrochrome Smelter (Xstrata) in Steelpoort Steelpoort Rail Siding 30km from project ASX: VR8 19
Slide 20: Community Relations Matter
LOCATION | PEOPLE Community Relations Matter ◆ Vanadium Resources has maintained a positive relationship with local communities since project inception. ◆ A dedicated local community relations officer has been involved in the project since March 2018. ◆ Recent community meetings reaffirmed the commu
Slide 21: Proven Existing Port Access
LOCATION | MINE TO MARKET Proven Existing Port Access ◆Existing and proven transport from the Steelpoortdrift resource. ◆Road or rail options. ◆Possibility for initial shipment of +2.0% V2O5 ore concentrate. ◆Possibility to further process in-country and value add to 99.5% V2O5 and reduce shipping c
Slide 22: Experienced Management
EXPERTISE | MANAGEMENT Experienced Management Bill Oliver — Managing Director Geologist with over 20 years wide ranging experience in a range of commodities and jurisdictions including bringing African projects into production. Enviable track record in project identification and evaluation. Jurie We
Slide 23: Real Mining Experience
EXPERTISE | MINING EXPERIENCE Real Mining Experience South African based directors Nico van der Hoven and Jurie Wessels were responsible for the establishment and development of Bauba Resources Ltd, an active chrome mining company in the Bushveld Complex. ◆Both have hands-on, local, experience in mi
Slide 24: Access to Specialist Skills
EXPERTISE | SPECIALIST CONSULTANTS Access to Specialist Skills METS South Africa (Pty) Ltd (SA) ENC Minerals (Pty) Ltd (SA) Sound Mining (Pty) Ltd (SA) Red Kite Consulting (Pty) Ltd (SA) Process design and costing Design and management of Engineering, mine planning and Environmental management metal
Slide 25: Markets | Vanadium price
MARKETS | VANADIUM Specific Vanadium Consumption Rates In Steel ◆ Inventories low, additional demand will impact pricing as witnessed during 2018. ◆ Recent falls from the 2018 high suggest that low pricing will be maintained at higher levels than historical lows and remain commercially strong. Vanad
Slide 26: Markets | Steel & Alloys
MARKETS | STEEL & ALLOYS ◆ Over 90% of the current demand for vanadium arises from its use to strengthen steel and alloys. ◆ Demand increasing due to more stringent regulations in China for rebar and other steel products used in construction. While implementation has been slower than expected, inspe
Slide 27: Markets | Energy Storage
MARKETS | ENERGY STORAGE ◆ Forecasters expect over 1,200GW of battery capacity to be added between today and 2050, with approx. 600GW before 2025. 1 ◆ VRFBs forecast to represent between 15 and 25 % of battery capacity. ◆ Could add up to 10,000mtV of demand into an already undersupplied market. 2 Da
Slide 28: Markets | Vanadium Supply
MARKETS | VANADIUM SUPPLY Vanadium Production by Raw Material ◆ Over 85% of the world’s vanadium is produced from China, Russia and South Africa. ◆ Chinese domestic production is largely from polluting sources (stone coal) or low-grade resources. ◆ Stringent implementation of Chinese environmental s
Slide 29: Disclaimer
DISCLAIMER This presentation has been prepared by Vanadium Resources Limited (“the Company” or “Vanadium Resources”). The information contained in this presentation is a professional opinion only and is given in good faith. The information contained herein is confidential and proprietary to the Comp
Slide 30: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this announcement that relates to Exploration Results and other technical information relating to drilling and sampling at the SPD Vanadium complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources a
Slide 31: Peer Comparison Information
PEER COMPARISON INFORMATION Resource Resource Resource Concentrate Company Code Project Stage Information Source Category Tonnes Grade Grade Measured, 43-101 Technical Report dated 26/10/2017 Indicated Largo LGO.TSX Maracas Production 49.25 0.99 3.10 largoresources.com/operations/maracas- & Inferred
Slide 32: Vanadium Resources Limited | ASX: VR8
Bill Oliver, MD contact@VR8.global www.VR8.global AUS: +61 8 6559 1792 RSA: +27 21 794 4004 HK: +852 8175 0228 Australia (Head Office) Suite 2/1 Altona Street, West Perth, WA 6005 Australia Vanadium Resources Limited | ASX: VR8