Victory Metals Limited · ASX:VTM
Victory Metals — Investor Presentation (July 2024)
24 slides from Victory Metals's investor presentation, Jul 17, 2024
Slide 1: Investor Presentation
I N V E S T O R P R E S E N TAT I O N JULY 2024 ASX:VTM A U S T R A L I A’ S L A R G E S T I N D I C AT E D H E AV Y R A R E EARTH ELEMENT A S X: VTM RESOURCE w w w .vic toryme talsaustralia .c om
Slide 2: Disclaimer
DISCLAIMER Not a disclosure document. The purpose of this presentation is to provide general No other material authorised securities in the Company and does not constitute financial advice. Any person who information about the Company only. This presentation is not a disclosure document intends to s
Slide 3: July 2024 Mineral Resource Estimate
JULY 2024 MINERAL RESOURCE ESTIMATE 149 M tonnes 35 % HREO/TREO HREE + Sc + Hf INDICATED RARE EARTH AUSTRALIA’S MOST ENRICHED DOMINANT PRODUCT MIX RESOURCE WITH HEAVY RARE EARTH ATTRACTIVE FOR OFFTAKE AND 92% OF TENEMENT AREA OXIDE (HREO) DEPOSIT DOWNSTREAM PARTIES SEEKING TO REMAINING UNEXPLORED 4,
Slide 4: July 2024 Updated Mineral Resource Estimate
JULY 2024 UPDATED MINERAL RESOURCE ESTIMATE INCLUDES A NEAR-SURFACE HIGHER-GRADE DOMAIN TOTALLING 45.9Mt HIGHER-GRADE Mt TREO HREO LREO HREO/TREO CUTOFF 600 PPM TREO (tonnes) (PPM) (PPM) (PPM) (%) Indicated 32.8 1,025 338 656 33 Inferred 13.1 1,113 374 716 34 Total 45.9 1,050 338 673 32 LARGE INDICA
Slide 5: July 2024 Updated Mineral Resource Estimate
JULY 2024 UPDATED MINERAL RESOURCE ESTIMATE CONTAINS VERY HIGH CONCENTRATIONS OF VALUABLE REEs TREO La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Sc2O3 Y2O3 CUTOFF 600 PPM TREO (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (ton
Slide 6: The Most Attractive Australian Heavy Rare Earth Element Project
JULY 2024 MINERAL RESOURCE ESTIMATE THE MOST ATTRACTIVE AUSTRALIAN HEAVY RARE EARTH ELEMENT PROJECT VICTORY METALS (ASX: VTM) NORTHERN MINERALS (ASX: NTU) PROJECT NORTH STANMORE WOLVERINE Mineralisation Regolith Ionic Clay Hard Rock Hydrothermal Location Cue Midwest, WA Tanami Desert, WA Rare Earth
Slide 7: High-Grade and High-Value Resource Composition
JULY 2024 MINERAL RESOURCE ESTIMATE HIGH-GRADE AND HIGH-VALUE RESOURCE COMPOSITON HEAVY RARE EARTH ELEMENT BY VALUE (BASKET PRICE)1,2 HEAVY RARE EARTH ELEMENT BY WEIGHT (OXIDE) Y La Ce Lu Pr Yb La Y Tm Er Nd Lu Ho 67% Yb Tm Er Ho 35% Ce Dy Sm Tb Eu Gd Gd Eu Dy Sm Tb Pr Nd HREO (Heavy Rare Earth Oxid
Slide 8: North Stanmore Rare Earth Element Project
NORTH STANMORE RARE EARTH ELEMENT PROJECT JULY 2024 MINERAL RESOURCE ESTIMATE Largest Indicated MRE of Australian HREE-dominant deposits 149Mt Near-surface higher-grade domain 45.9 Mt @ 1,050ppm TREO Beneficiation provides potential to uplift grade by +60% Premier HREE ratio compared to ionic clay d
Slide 9: Rapidly Emerging as Australia's Premier Ethically Sourced Heavy REE and Critical Minerals
RAPIDLY EMERGING AS AUSTRALIA’S PREMIER ETHICALLY SOURCED HEAVY REE AND CRITICAL MINERALS SUPPLY OPTION FOR THE DEFENCE INDUSTRY AND BEYOND A S X: VTM w w w .vic toryme talsaustralia .c om
Slide 10: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS 1 2 3 ATTRACTIVE CRITICAL PRIME DEPOSIT PRODUCT PROJECT ATTRIBUTES MIX LOCATION DISTINCTIVE MINERALOGY JULY 2024 UPDATED MRE PROVIDES MANY ADVANTAGES DRIVES KEY PROJECT CONFIRMS RECOVERABLE HREO FOR MINING, EXPLORATION DIFFERENTIATORS OF + SCANDIUM + HAFNIUM AND POWER GENER
Slide 11: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES LARGEST INDICATED MRE OF ALL AUSTRALIAN HEAVY REE-DOMINANT DEPOSITS NEAR-SURFACE HIGHER-GRADE DOMAIN TOTALLING 45.9MT AT 1,050PPM TREO 500 metres NORTH SUPPORTS INITIAL DEVELOPMENT STRATEGY TO PRODUCE LARGE AMOUNTS OF HEAVY RARE EARTH ELEMENTS TO MEET GLOBAL DEMAND A
Slide 12: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES MREC COMPARISON BETWEEN VICTORY’S HEAVY RARE EARTH DISTINCTIVE MINERALOGY DELIVERS EXCELLENT RECOVERIES ENRICHED PROJECT AND SERA FROM METALLURGICAL TEST WORK COMPLETED TO DATE VERDE’S LIGHT RARE EARTH ENRICHED PROJECT VICTORY | NORTH STANMORE Metallurgical testing o
Slide 13: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES DISTICTIVE MINERALOGY DELIVERS EXCELLENT RECOVERIES FROM METALLURGICAL TESTING1 Demonstrated recoveries of critical magnet metals praseodymium (Pr,) neodymium (Nd), terbium (Tb) and dysprosium (Dy) 93% average Outstanding results achieved utilising a magnesium sulpha
Slide 14: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES MIXED RARE EARTH CARBONATE (MREC) SUCCESSFULLY PRODUCED USING SAMPLES FROM THE NORTH STANMORE DEPOSIT AREA Lab-scale production of MREC from samples taken from 12 holes of the initial North Stanmore MRE area Assay results from MREC test product samples returned 96.4%
Slide 15: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES ENABLES A CONCEPTUALLY SIMPLE FLOW SHEET LOW-GRADE WASTE ORE LOW-GRADE RETURNED TO COARSE ORE SITE SHALLOW ORE ORE SLURRYING 53 MICRON ALLUVIAL GOLD ORE OPEN CUT MINE TRANSPORT RECYCLED WATER SCREENING GRAVITY TRANSPORT PROCESSING HIGH-GRADE FINE ORE WEAK ACID FILTRA
Slide 16: Critical Product Mix
Defence Nuclear Reactors Wind Turbines Semiconductors Lasers Electric vehicles 2. CRITICAL PRODUCT MIX ESSENTIAL FOR THE DEFENCE INDUSTRY AND BEYOND A S X: VTM w w w .vic toryme talsaustralia .c om 16
Slide 17: Critical Product Mix
2. CRITICAL PRODUCT MIX A PREMIER SUPPLY OPTION FOR HIGHLY VALUABLE METALS WITH CRITICAL USES GLOBALLY 65 ▪ X-rays 71 ▪ Military jet aircraft 21 ▪ Solid oxide fuel cells Tb Terbium ▪ ▪ ▪ High temperature fuel cells Wind turbines Semiconductors Lu Lutetium ▪ ▪ ▪ X-ray machines MRI scanning devices De
Slide 18: Required Elements to Safeguard Australia's Sovereign Defence
2. CRITICAL PRODUCT MIX REQUIRED ELEMENTS TO SAFEGUARD AUSTRALIA’S SOVEREIGN DEFENCE F-35 417 kgs FIGHTER JET REEs ARLEIGH 2,358 kgs BURKE-CLASS REEs DESTROYER VIRGINIA-CLASS 4,173 kgs SUBMARINE REEs SOURCE: https://www.airandspaceforces.com/article/rare-earth-uncertainty/ A S X: VTM w w w .vic tory
Slide 19: Prime Project Location
3. PRIME PROJECT LOCATION ESTABLISHED INFRASTRUCTURE CRITICAL FOR MINING, WITH 100% OF THE PROJECT RESIDING ON CROWN LAND, ELIMINATING LANDOWNER ACCESS AND RESETTLEMENT CONSIDERATIONS Superbly situated on the Great Northern Highway, one of Australia’s major arterial road networks for comprehensive r
Slide 20: Prime Project Location
3. PRIME PROJECT LOCATION NUMEROUS STRATEGIC ADVANTAGES FOR AUSTRALIAN-DOMICILED MINING PROJECTS ACTIVE MATURE LOW WELL POLITICAL AND GOVERNMENT REGULATORY ROYALTIES AND ESTABLISHED ECONOMIC SUPPORT REGIME TAXATION SUPPORT SYSTEMS STABILITY Strategic initiatives: Stable legal framework: Competitive
Slide 21: Key Development Milestones
KEY DEVELOPMENT MILESTONES UPCOMING PROJECT ADVANCEMENT WORKSTREAMS PROJECT ECONOMIC OFFTAKE ASSESSMENT MINING DISCUSSIONS STUDIES LICENCE AND ADVANCED GOVERNMENT MET. TESTING CONVERSION + ENVIRO. ENGAGEMENT AND BENEFICIATION BASELINE DRILLING STUDIES STUDIES UPGRADE TO EXPLORATION EXISTING 8.8km NO
Slide 22: Corporate Overview
CORPORATE OVERVIEW BOARD OF DIRECTORS AND VICTORY TEAM CAPITAL STRUCTURE Brendan Clark Chief Executive Officer and Executive Director Share price at 15 July 2024 A$0.35 Trevor Matthews Non-Executive Chairman Shares on issue 92.76M James Bahen Non-Executive Director and Company Secretary Market capit
Slide 23: Contact
CONTACT KEY DETAILS N NORTH STANMORE t: +61 08 6555 2950 RARE EARTH e: info@victorymetalsaustralia.com DISCOVERY w: www.victorymetalsaustralia.com a: Suite 1, 295 Rokeby Rd, Subiaco WA 6008 BRENDAN CLARK CEO AND EXECUTIVE DIRECTOR e: b.clark@victorymetalsaustralia.com JANE MORGAN INVESTOR AND MEDIA
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