Victory Metals Limited · ASX:VTM
Victory Metals — Investor Presentation (July 2024)
24 slides from Victory Metals's investor presentation, Jul 18, 2024
Slide 1: Amended – Investor Presentation (ASX Release)
ASX RELEASE 18 July 2024 Amended – Investor Presentation Further to the investor presentation released on 17 July 2024, Victory Metals Limited (ASX: VTM) (Victory or the Company) wishes to provide an amended investor presentation. The amendments include an amendment to the Competent Person Statement
Slide 2: Investor Presentation July 2024
For personal use only 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 3: 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 4: July 2024 Mineral Resource Estimate
JULY 2024 MINERAL RESOURCE ESTIMATE 149 M tonnes 35 % HREO/TREO HREE + Sc + Hf For personal use only 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 R
Slide 5: 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 For personal use only 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 3
Slide 6: Updated Mineral Resource Estimate: Very High Concentrations of REEs
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 For personal use only CUTOFF 600 PPM TREO (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes) (tonnes)
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) For personal use only 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
Slide 8: North Stanmore Rare Earth Element Project
NORTH STANMORE RARE EARTH ELEMENT PROJECT JULY 2024 MINERAL RESOURCE ESTIMATE For personal use only 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 co
Slide 9: Premier Ethically Sourced Heavy REE Supply Option
For personal use only 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 For personal use only 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 + H
Slide 11: Attractive Deposit Attributes
1. ATTRACTIVE DEPOSIT ATTRIBUTES LARGEST INDICATED MRE OF ALL AUSTRALIAN HEAVY REE-DOMINANT DEPOSITS For personal use only 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 T
Slide 12: Distinctive Mineralogy Delivers Excellent Recoveries
1. ATTRACTIVE DEPOSIT ATTRIBUTES DISTINCTIVE MINERALOGY DELIVERS EXCELLENT RECOVERIES FROM METALLURGICAL TEST WORK COMPLETED TO DATE For personal use only VICTORY | NORTH STANMORE Metallurgical testing on a representative set of 23 samples from the North Figure 1 Dy2O3: 73.4% Stanmore Project confir
Slide 13: Excellent Recoveries from Metallurgical Testing
1. ATTRACTIVE DEPOSIT ATTRIBUTES DISTICTIVE MINERALOGY DELIVERS EXCELLENT RECOVERIES FROM METALLURGICAL TESTING1 For personal use only Demonstrated recoveries of critical magnet metals praseodymium (Pr,) neodymium (Nd), terbium (Tb) and dysprosium (Dy) 93% average Outstanding results achieved utilis
Slide 14: Mixed Rare Earth Carbonate Successfully Produced
1. ATTRACTIVE DEPOSIT ATTRIBUTES MIXED RARE EARTH CARBONATE (MREC) SUCCESSFULLY PRODUCED USING SAMPLES FROM THE NORTH STANMORE DEPOSIT AREA For personal use only Lab-scale production of MREC from samples taken from 12 holes of the initial North Stanmore MRE area Assay results from MREC test product
Slide 15: Conceptually Simple Flow Sheet
1. ATTRACTIVE DEPOSIT ATTRIBUTES ENABLES A CONCEPTUALLY SIMPLE FLOW SHEET LOW-GRADE WASTE ORE For personal use only 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 FIN
Slide 16: Critical Product Mix: Essential for Defence Industry
Defence Nuclear Reactors Wind Turbines Semiconductors Lasers Electric vehicles For personal use only 2. CRITICAL PRODUCT MIX ESSENTIAL FOR THE DEFENCE INDUSTRY AND BEYOND A S X: VTM w w w .vic toryme talsaustralia .c om 15
Slide 17: Premier Supply Option for Highly Valuable Metals
2. CRITICAL PRODUCT MIX A PREMIER SUPPLY OPTION FOR HIGHLY VALUABLE METALS WITH CRITICAL USES GLOBALLY For personal use only 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 M
Slide 18: Required Elements to Safeguard Australia's Sovereign Defence
2. CRITICAL PRODUCT MIX REQUIRED ELEMENTS TO SAFEGUARD AUSTRALIA’S SOVEREIGN DEFENCE For personal use only 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
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 For personal use only Superbly situated on the Great Northern Highway, one of Australia’s major arterial road networ
Slide 20: Strategic Advantages for Australian Mining Projects
3. PRIME PROJECT LOCATION NUMEROUS STRATEGIC ADVANTAGES FOR AUSTRALIAN-DOMICILED MINING PROJECTS For personal use only ACTIVE MATURE LOW WELL POLITICAL AND GOVERNMENT REGULATORY ROYALTIES AND ESTABLISHED ECONOMIC SUPPORT REGIME TAXATION SUPPORT SYSTEMS STABILITY Strategic initiatives: Stable legal f
Slide 21: Key Development Milestones
KEY DEVELOPMENT MILESTONES UPCOMING PROJECT ADVANCEMENT WORKSTREAMS PROJECT For personal use only ECONOMIC OFFTAKE ASSESSMENT MINING DISCUSSIONS STUDIES LICENCE AND ADVANCED GOVERNMENT MET. TESTING CONVERSION + ENVIRO. ENGAGEMENT AND BENEFICIATION BASELINE DRILLING STUDIES STUDIES UPGRADE TO EXPLORA
Slide 22: Corporate Overview
CORPORATE OVERVIEW BOARD OF DIRECTORS AND VICTORY TEAM CAPITAL STRUCTURE For personal use only 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
Slide 23: Contact
CONTACT KEY DETAILS For personal use only 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 MORG
Slide 24: For personal use only
For personal use only A S X: VTM w w w .vic toryme talsaustralia .c om 23