Slide 1: Staged Expansion to Critical Minerals Production
Staged Expansion to Critical Minerals Production RIU Explorers Conference | February 2025 ASX:VHM
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements Important Information Forward-looking statements are based on numerous assumptions regarding VHM Limited’s present and future business strategies and the environment in which VHM Limited will operate in the future. Among the important factors that could caus
Slide 3: Key highlights
Key highlights Tier 1 rare earth and minerals sands project with globally significant mineral assemblage 1 Advanced Approvals: Endorsement of the Environment Effects Statement received 10 December 2024; mining licence and secondary approvals to follow 2 Clear pathway to near-term production: Produ
Slide 4: Corporate overview
Corporate overview Market Cap1 Top 20 Board Shareholders GOSCHEN PROJECT3 A$71.66 million 98.8Mt ORE @ 4.0% THM Zircon 23.6%, Rutile 9.9%, Mon 3.7%, Xen 0.7% 34% Ian Smith Ron Douglas Don Runge Maree Arnason Colin Moorhead BEng Mining BE, FAIM, BEng Mining, Share Price Cash2 (Honours), FAusIMM, MAIC
Slide 5: Province overview
Province overview Location: • Northwestern Victoria GOSCHN PROJECT3 • Infrastructure rich (rail, roads, power and 98.8Mt ORE @ 4.0% THM water) Zircon 23.6%, Rutile 9.9%, Mon 3.7%, Xen 0.7% • Two major regional towns nearby CANNIE PROJECT4 Reserve / Resource 1 : 192Mt MRE @ 3.1% THM, • 210Mt Ore Rese
Slide 6: Staged development approach
Staged development approach1 Goschen project key highlights Key project statistics Stage 1 (Year 1-3) Stage 2 (Year 4+) Mine throughput 1.5Mtpa 5Mtpa • First to production advantages Construction commences Q4 2025 Q4 2028 Forecast first production Q4 2026 Q4 2029 • Defined pathway Total HM 7.2% 3.8%
Slide 7: Accelerating Goschen towards production
Accelerating Goschen towards production Extensive development works complete Phase I Phase II 7
Slide 8: Funding strategy and offtake
Funding strategy and offtake Multifaceted funding strategy comprising debt, equity and government funding Goschen project funding Concentrate offtake strategy Debt Equity Partially committed offtake agreement in place for first 3 years – strategy for balance Commercial BanksDEBT EQUITY Strategic Par
Slide 9: Rare earths driving the energy transition
Rare earths driving the energy transition Increasing demand needs to be met via geographical diversification Multiple end uses 32% Electric vehicles 28% Wind turbines and industry motors 14% Mobile phones and other communication devices 12% Laptops and digital cameras 10% Electromagnetic relay elect
Slide 10: Urbanisation has a long way to go
Urbanisation has a long way to go Forecasted demand Zircon Forecast demand for Zircon sands by region • Premium Zircon prices have remained relatively stable at ~US$2,000/tonne • TZMI expects long-term global zircon demand to grow at 2.6% per annum with India, the Americas and other Asia Pacific mar
Slide 11: Strategically important Victorian rare earth and minerals sands project
Strategically important Victorian rare earth and minerals sands project The Goschen Project will be a multi-generational rare earths and mineral sands asset for Australia Ability to create a Victorian rare earths supply 1 chain through potential strategic partnerships and offtakes 2 Support local in
Slide 12: Appendix A. JORC Tables
(oD oe &S VHM Limited Appendix A. JORC Tables
Slide 13: Company Mineral Resources
Company Mineral Resources 892.1 Mt Mineral Resource estimate Notes: Any discrepancies in totals are a function of rounding. 1. Mineral resources reported at a cut-off grade of 1.0% THM. 2. Mineral resources reported at a cut-off grade of 1.75% THM. 3. Mineral resources reported at a cut-off grade of
Slide 14: Company Ore Reserves
Company Ore Reserves 210.2Mt Ore Reserve Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was updated and disclosed under the JORC Code (2012) in the ASX release published 29 Se
Slide 15: Goschen DFS Ore Reserve
Goschen DFS Ore Reserve 98.8Mt Ore Reserve – Subset of global Company Ore Reserves Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was disclosed under the JORC Code (2012) in t
Slide 16: For further information contact
Level 11, 330 Collins Street, Victoria 3000 vhmltd.com.au For further information contact: Ron Douglas Chief Executive Officer Ron.Douglas@vhmltd.com.au