Vital Metals Ltd · ASX:VML
Vital Metals — Red Cloud Presentation, Toronto, 29 Feb-1 Mar 2024
23 slides from Vital Metals's conference presentation, Mar 1, 2024
Slide 1: Red Cloud Presentation
Red Cloud Presentation Toronto, Canada 29th Feb-1st Mar, 2024 For personal use only V I TA L M E TA L S (ASX: V M L ) Nd Pr March 2024
Slide 2: Important Notices & Disclaimers
Important Notices & Disclaimers Board and Management Nature of document: This presentation has been prepared and issued by Vital Metals Limited (Vital, Vital Metals or the Company) to provide general information about the Company and its related bodies corporate (together, the Group). The informatio
Slide 3: Important Notices & Disclaimers
Important Notices & Disclaimers Board and Management Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or proved correct. Except for statutory liability which cannot be excluded, each of the Company
Slide 4: Company Overview
Company Overview Nd Pr B U I L D I N G INTO NORTH AMERICA’s R A R E E A R T H S S U P P LY C H A I N • Advanced Exploration-Development Stage Company • World-class Nechalacho LREE project, NWT, Canada For personal use only • Hosts a large, shallow and higher grade LREE deposit • Upper Tardiff Minera
Slide 5: Key Upcoming Catalysts 2024 and Beyond
Key Upcoming Board Catalysts and Management 2024 and Beyond Cornerstone Updated Drilling Scoping DFS + Financing & New MRE Production Investor MRE Results Study Permitting Construction For personal use only Nechalacho Rare Earth Project – Upcoming Catalysts • 2024 MRE Update (targeting Q1 2024) • 20
Slide 6: Investment Highlights
Investment Highlights Board and Management Vital is well positioned with the aim of building a strategically important North American rare earths business. Tardiff represents a higher grade, globally-significant rare earths asset • Tardiff Upper Zone: global MRE of 119Mt at 1.4% TREO For personal us
Slide 7: Compelling Long-Term Rare Earth Market Outlook
Compelling Long-Term Rare Earth Market Outlook Board and Management A new paradigm for rare earths demand • China’s dominance in the REE supply chain could threaten global supply1 • Potential bifurcation of commodity prices ex-China2 For personal use only • NdPr oxide is key to the manufacture of pe
Slide 8: Rare Earth Demand and Generational Paradigm Change
Board and Management Rare Earth Demand and Generational Paradigm Change Looking Beyond the Demand Tipping Point: Societal Change and Technology Uptake • Rapid technology uptake and heightened data responsiveness leading into an AIOT future ü AIOT (systemic adoption potential): rapid expansion (~US$2
Slide 9: Corporate Strategy: Asset, Jurisdiction and Capability
Corporate Strategy: Asset, Jurisdiction and Capability Leveraging asset qualities, jurisdiction and capability to develop a North American rare earth supply chain Asset qualities: grade, size and mineral composition • Tardiff provides a differentiated value proposition given grade, size and NdPr:TRE
Slide 10: Nechalacho Qualities and Differentiation
Board and Management Nechalacho Qualities and Differentiation Nechalacho is a large, scalable project that benefits from elevated NdPr grades ü Differentiated masses of elevated grade within the Nechalacho project area (ie. North T) ü Proximity to other rare earth developers and downstream players F
Slide 11: Driving Need for Vertical Integration
ABoard Driving and Need for Vertical Integration Management Tier-1 Jurisdictional Advantages for a Domiciled Rare Earth Source Shift in the global rare earths supply chain Rare Earth Mining (2020) • Vital can look to capitalise on shifting global rare earths supply chain For personal use only ü Esta
Slide 12: Jurisdiction: Vertical Integration is a Key Driver
Jurisdiction: Vertical Integration is a Key Driver Board and Management Tardiff’s scale, grade and location offer attractive qualities to the North American market World Looking to Integrate Vertically (Production-Refining) “I am pleased to release Canada’s Critical Minerals Strategy. This Strategy,
Slide 13: Asset: Nechalacho Rare Earths Project
Asset: Nechalacho Board and Rare Earths Project Management Nechalacho: Large REE-rich system showing high grades at surface Taking a Systems Approach Geological map of Nechalacho Layered Suite3 A Large Differentiate Igneous Complex (see Tardiff deposit) For personal use only REE mineralization hoste
Slide 14: Asset: Scoping for Scale and Grade
Asset: Scoping for Scale and Grade Drilling: Pathway for Value Creation via targeted grade profiling Asset Grade and Growth: Focus on optimizing value and de-risking development 2023 Drilling: 74 holes (50 reported) comprising 6,664 meters, including: For personal use only • 31.76 meters at 2.1% TRE
Slide 15: Asset: Scoping for Scale and Grade
Asset: Scoping for Scale and Grade Pathway for Value Creation via targeted grade profiling An Augmented Scoping Study Approach Project Economics: Coupling Value and De-risking For personal use only Value: aim to maximize project potential value by: Testing for areas of high-grade footprint expansion
Slide 16: Nechalacho: Regional Lithium Potential
Board and Management Nechalacho: Regional Lithium Potential Vital has a >5,000ha landholding adjacent to recent regional pegmatite exploration and discoveries Lithium at Nechalacho? Region Scale Potential • Limited historical exploration for lithium despite significant potential For personal use onl
Slide 17: Investment Highlights
Investment Highlights Board and Management Vital is well positioned with a strong balance sheet, a significant rare earths deposit, and a renewed development strategy, backed by a highly experienced partner with the aim of building a strategically important North American rare earths business. Tardi
Slide 18: Appendices
For personal use only Appendices 17
Slide 19: Board of Directors
Board and Management Board of Directors Vital is led by an exceptional team with experience in mining, resources development and capital markets For personal use only RICHARD CROOKES P AUL QUIRK JAMES HENDERSON LISA RILEY Non-Executive Chairman N o n - E x e c u t i v e Di rect or N o n - E x e c u
Slide 20: Vital's Management Team
Board and Management Vital’s Management Team For personal use only STEVE WOOLFENDEN NATALIE PIETRZAK-RENAUD VP, Sustainability VP, Exploration Canada Mr. Woolfenden brings over 25 Dr Natalie Pietrzak-Renaud brings years of mining industry more than 20 years of diversified experience. Previously, Ste
Slide 21: Sector Data
Sector Data Board and Management Project Company Exchange Location Equity Type Resources Grade Calc. GRade * M/Cap % NdPr (Total) Mt % NdPr(kt) (US$m) TREO 1 Nechalacho Vital Metals ASX 19 Canada 100% Hardrock 119 1.40% 417 0.35% 2 Wicheeda Defense Metals CA 45 Canada 100% Hardrock 45.3 1.78% 139 0.
Slide 22: Sector Data
Sector Data Board and Management Project Study (S) Resource Grade Grade Resource Grade Grade Resource Grade Grade Resource Grade Grade References Mt % TREO %NdPr Mt % TREO %NdPr Mt % TREO %NdPr Mt % TREO %NdPr Measured Indicated Inferred Total Nechalacho 4.6 1.59% 0.39% 6.3 1.45% 0.36% 108.1 1.39% 0
Slide 23: Upper Tardiff: Wholerock Data Trends
Upper Tardiff: Board and Wholerock Data Trends Management 10000 10000 8000 8000 6000 6000 For personal use only 4000 4000 2000 Total REO (ppm) La+Ce oxide (ppm) 2000 vs vs NdPr oxide (ppm) NdPr oxide (ppm) 0 0 0 10000 20000 30000 40000 0 5000 10000 15000 20000 25000 TREO (ppm) La+Ce oxide (ppm) 5000
Vital Metals — Red Cloud Presentation, Toronto, 29 Feb-1 Mar 2024 on 6ix