Victory Metals Limited · ASX:VTM
Victory Metals — Investor Presentation (November 2023)
23 slides from Victory Metals's investor presentation, Nov 20, 2023
Slide 1: Investor Presentation November 2023
For personal use only INVESTOR PRESENTATION N O V E M B E R 2 0 2 3 ― A S X : V T M ―
Slide 2: Disclaimer
DISCLAIMER Not a disclosure documentThe purpose of this presentation is to provide NO OTHER MATERIAL AUTHORISED RELIANCE ON PRESENTATION general information about the Company only. This presentation is not a The Company has not authorised any person to give any information or A recipient of this pre
Slide 3: Why Victory Metals
AUSTRALIA’S LARGEST 130,000 TONNES VERY HIGH PERCENTAGES Heavy Rare Earth (HREO) of Total Rare Earth of critical Rare Earth enriched ionic/regolith Oxide (TREO) from 18% Elements Dysprosium (Dy) clay deposit of the drilled area and Terbium (Tb) 6.1% in Mixed Rare Earth For personal use only Carbonat
Slide 4: Why Victory Metals (continued)
North Stanmore is Infill drill program LOW LEACH TIMES 100% OWNED with RECENTLY COMPLETED with economic acid outstanding logistical and WITH ASSAYS PENDING. consumption and location advantages Designed to increase low levels of gangue grade, size and confidence materials and impurities For personal
Slide 5: Initial Mineral Resource Estimate North Stanmore
INITIAL MINERAL RESOURCE ESTIMATE NORTH STANMORE Initial Inferred Mineral Resource of 250Mt at 520ppm For personal use only MRE area is only 18% of Exploration Target Area Exploration Target 700Mt to 1,100Mt 130,000t of contained Total Rare Earth Oxide (TREO) Substantial (33%) heavy rare earth oxide
Slide 6: Not all rare earth elements are rare
――― NOT ALL RARE EARTH ELEMENTS ARE RARE, LIGHT RARE EARTHS CERIUM AND LANTHANUM For personal use only ARE LOW VALUE AND IN ABUNDANT SUPPLY WITH A COMBINED PRICE OF A$3.80kg ――― HEAVY RARE EARTHS DYSPROSIUM AND TERBIUM HAVE A COMBINED PRICE OF A$3,200kg V I C T O R Y M E T A L S ―――
Slide 7: Indicative Basket Price
INDICATIVE BASKET PRICE ASSUMPTIONS NORTH STANMORE For personal use only 100 80 Basket Price US$/kg REO 60 40 20 0 VTM IXR MEI SOURCE: Refer to ASX:IXR announcement dated 2nd October 2023. SOURCE: https://www.statista.com/statistics/450164/global-reo-dysprosium-oxide-price-forecast/ • SOURCE: https:
Slide 8: Peer Comparisons
PEER COMPARISONS VTM HOSTS INDUSTRY LOW LEVELS OF URANIUM AND THORIUM COMPARISONS ARE BASED FROM MARKET LEADING PEERS IN THE RARE EARTH ELEMENT SECTOR WITH JORC MRE 4 R A 20 3 D DyTb (%) NdPr (%) 2 For personal use only 10 I O 1 0 VTM IXR MEI 0 VTM IXR MEI A VTM IXR MEI 3000 600 80 C T W.A. Investme
Slide 9: Location
LOCATION PRIME LOCATION WITH WEATHER ADVANTAGES FOR MINING, EXPLORATION AND POWER GENERATION For personal use only • North Stanmore • Situated • Cue has a regional • Westgold recently situated alongside approximately airport which commissioned Great Northern 7.5km from is connected to hybrid power H
Slide 10: North Stanmore Metallurgy
NORTH STANMORE METALLURGY • EXCEPTIONAL YIELDS of Heavy Rare Earth Elements up to 63.6% Lutetium (Lu), 60% Dysprosium (Dy) and 58% Terbium (Tb) For personal use only • These high recoveries were achieved with LOW TEMPERATURE 50°C and SHORT LEACHING TIME of (4 hrs) • INCREASED MAGNET METALS NdPr + Dy
Slide 11: Mixed Rare Earth Carbonate (MREC) Test Product
MIXED RARE EARTH CARBONATE (MREC) TEST PRODUCT • MREC test product SUCCESSFULLY PRODUCED AT LAB SCALE from North Stanmore drilling assays from 12 holes across North Stanmore MRE area For personal use only • Assays confirm 96.4% HEAVY RARE EARTH OXIDE (HREO) to Total Rare Earth Oxide (TREO) in the MR
Slide 12: Victory Metals Conceptual Flowsheet
ORE BENEFICIATION HAS POTENTIAL TO INCREASE GRADE FROM 520PPM TREE TO 1071PPM TREE GOLD CONCENTRATE SHALLOW OPEN CUT MINE Low-grade Low-grade Coarse Ore Waste Ore Returned to For personal use only Mine Site ORE SLURRYING 53 MICRON ALLUVIAL GOLD Recycled Water SCREENING GRAVITY PROCESSING High-grade
Slide 13: Rare Earth Element Recovery Profiles
RARE EARTH ELEMENT RECOVERY PROFILES LOW ACID USE WEAK ACID LEACH VARIABILITY TESTING + LOW COST ACIDS + For personal use only LOW LEACH TIMES + LOW RADIOACTIVITY + LOW IMPURITIES = EXCELLENT METALLURGY ASX:VTM www.victorymetalsaustralia.com
Slide 14: Rare Earth Element Recovery Profiles: Peer Comparison
RARE EARTH ELEMENT RECOVERY PROFILES PEER COMPARISON OF AVERAGE WEAK VICTORY EXTRACTED LOW LEVELS OF ACID LEACH HREE EXTRACTION IMPURITIES Fe/Al DURING RECOVERY For personal use only 1 2 1 –As reported in Makuutu DFS -Appendix 3, 20 March 2023 | 2 –As reported in MEI ASX Release 20 December 2022 SOU
Slide 15: Critical Uses of Rare Earth Elements
For personal use only Lasers Electric vehicles CRITICAL USES RARE EARTH ELEMENTS Wind Turbines Semiconductors Nuclear Reactors F35 Jets
Slide 16: Six Valuable and Critical Rare Earth Elements
RARE EARTH ELEMENTS SIX VALUABLE AND CRITICAL RARE EARTH ELEMENTS 69 59 60 66 71 65 Tm Pr Nd Dy Lu Tb For personal use only Thulium Praseodymium Neodymium Dysprosium Lutetium Terbium Critical Uses Critical Uses Critical Uses Critical Uses Critical Uses Critical Uses • Lasers • Electric Vehicle • Ele
Slide 17: Geopolitical Tensions
――― GEOPOLITICAL TENSIONS 2010 CHINA BANS EXPORTS OF RARE EARTH ELEMENTS TO JAPAN For personal use only AUGUST 2023 CHINA LIMITS EXPORT OF GALLIUM AND GERMANIUM NOVEMBER 2023 CHINA TIGHTENS CONTROL OF EXPORT OF RARE EARTH ELEMENTS THE US, AUSTRALIA & UK ARE ON THE RACE TO SECURE RELIABLE SOURCES OF
Slide 18: Importance of Rare Earth Elements for Defense Industries
THE IMPORTANCE OF RARE EARTH ELEMENTS FOR DEFENSE INDUSTRIES For personal use only SOURCE: https://www.airandspaceforces.com/article/rare-earth-uncertainty/ ASX:VTM www. v i c t o r ym et al sau st r al i a. c o m
Slide 19: 2023/24 Development Plan
2023/24 DEVELOPMENT PLAN ― Scoping VICTORY METALS Study ― ― ― Offtake Process discussions For personal use only works to ― and ― generate government Ongoing Exploration copper metallurgy engagement ― 7km North cobalt nickel and ― Infill drilling of MRE area by-product beneficiation to increase (assa
Slide 20: Investment Highlights
INVESTMENT HIGHLIGHTS » AUSTRALIA’S LARGEST Heavy » HIGH METALLURGY RECOVERIES Rare Earth enriched Deposit of valuable and critical Heavy with a premium mix of REE Rare Earth Elements For personal use only » SIGNIFICANT UPSIDE with » 100% OWNED adjacent to further exploration recently one of Austral
Slide 21: Company Overview
COMPANY OVERVIEW Board of Directors and Technical Capital Structure As at 13/11/2023 Brendan Clark Chief Executive Officer and Executive Director Current Share Price $0.23 Trevor Matthews Non-Executive Chairman Market Capitalisation $18.2m For personal use only James Bahen Non-Executive Director & C
Slide 22: Contact Information
CONTACT INFORMATION REGIONAL TENEMENT MAP For personal use only t: +61 08 6555 2950 e: info@victorymetalsaustralia.com 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
Slide 23: The Future of Australian Rare Earths
THE FUTURE For personal use only OF AUSTRALIAN RARE EARTHS
Victory Metals — Investor Presentation (November 2023) on 6ix