Slide 1: Advancing the Julia Creek Vanadium & Energy Project
For personal use only Advancing the Julia Creek Vanadium & Energy ASX : QEM Project IMARC Sydney, 29-31 October 2024 “We would like to acknowledge the Wunumara people as Traditional Owners and their custodianship of the lands on which QEM operates its Julia Creek Project. We pay our respects to thei
Slide 2: Disclaimer
Disclaimer qldem.com.au Disclaimer To the maximum extent permitted by law, QEM and its directors, employees, agents, advisers and consultants: QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this • give no representation or warranty, express or implied, to a recipient presentation.
Slide 3: Disclaimer
Disclaimer qldem.com.au Refer to QEM Limited ASX announcement 27 August 2024 for full details of the Julia Creek Project Scoping Study (including all relevant material assumptions). QEM confirms that it is not aware of any new information or data that materially affects the information included in t
Slide 4: For personal use only
qldem.com.au For personal use only QEM Limited is focused on the exploration Personal Use Only and development of the Julia Creek Project, a unique world class critical minerals and oil shale resource. 4
Slide 5: Experienced Team
Experienced Team qldem.com.au Led by a team of successful and invested professionals, with proven record of project development For personal use only Tim Wall Daniel Harris Gavin Loyden Tony Pearson Chair Non - Executive Director Founder and Managing Director Non - Executive Director o Former Senior
Slide 6: Corporate Snapshot
Corporate Snapshot ql de m. QEM Limited co m. au Shares on Issue Share Price 25/10/24 Cash at 25/10/24 190.8m $ 0.056 >$ 3.0m post raise Options on issue For personal use only 250k Exp 01/05/25 @ $0.20 10.7m 500k Exp 01/03/26 @ $0.20 5.6m Exp 12/08/25 @ $0.345 $ 20.8m Exp 20/09/26 @ 0.14 Market Cap
Slide 7: Investment Highlights - 2024 JORC and SPE-PRMS Resources
Investment Highlights - 2024 JORC and SPE-PRMS Resources qldem.com.au One of the world’s largest single vanadium resources with significant oil resource. Vanadium V Oil Resource Resource Maiden 1C resource of 6.3 For personal use only MMBBL’s 2,870 654 MMbbl’s Indicated JORC Resource increased by 28
Slide 8: 2024 Scoping Study Highlights
2024 Scoping Study Highlights qldem.com.au Post - Tax IRR: Payback Pre - production NPV (8%): Period: CAPEX (ex-contingency, For personal use only owners’ costs & EPCM) AUD 1,106M 16.3% 5 Years AUD 791M Life of Mine: ROM: Annual OPEX: Production: 10,571 tonnes V2O5 V2O 5 : USD $5.80/lb Personal Use
Slide 9: 2024 Scoping Study Highlights - Detail
2024 Scoping Study Highlights - Detail qldem.com.au Key Outcomes of the Scoping Study:1 o Post-tax NPV of AUD 1,106 M (8% discount rate), DCF-IRR of 16.3%, and a o Over the LOM, an average production of 10,571 tpa (23.3Mlbs) payback period of 5 years from the start of mining 1 V2O5 (99.5% grade) and
Slide 10: Julia Creek Vanadium & Energy Project
Julia Creek Vanadium & Energy Project qldem.com.au 4 EPMs covering 250km2 in Queensland’s NWMP. Well-located on major infrastructure corridor, including Copperstring access. For personal use only Queensland Indicated 10 Inferred Brisbane Inferred Personal Use Only Source: QEM Scoping Study ASX Annou
Slide 11: Australia's Vanadium Deposits
Australia’s Vanadium Deposits qldem.com.au QEM- Globally significant vanadium project with half of Queensland’s total resource For personal use only Personal Use Only Source: Geoscience Australia – Australia’s Identified Mineral Resources 2022 11
Slide 12: Vanadium Global Production
Vanadium Global Production qldem.com.au IMF predicts 8-fold surge in Market set for strong growth driven by LDES of 4-10 hours+ - VFB V Vanadium Demand by 2050 Market expected to reach VFB demand expected to equate $ 2.36 Billion ~25% of vanadium market For personal use only in 2025 at CAGR of 10.2%
Slide 13: Building a Renewable Future with Vanadium Flow Batteries
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Flow Batteries (VFB) Vanadium Lithium For personal use only 100,000+ (20 - 30 Years) LONG ASSET LIFE - Number of Cycles 3,000 - 10,000+ (5 - 7 Years) Low Self Discharge (Stays Charged) Long Duration Energy Storage (LDES
Slide 14: Vanadium and Oil Shale Project
Vanadium and Oil Shale Project qldem.com.au Structural Steel JCP Scoping Study Concept Design Aerospace Shallow Open- Cut Pit Limestone Kerogen Pre-float Calcite reverse Clays Vanadium Separation Separation flotation Redox Flow 5.1Mt/yr. ROM 2nd kerogen V205 upgraded ~10,500 t/yr separation @99.5% P
Slide 15: Pilot Plant
qldem.com.au For personal use only Pilot Plant Bench scale pilot plant - Testing and optimisation program - HRL Labs Vic. o Bench scale pilot plant commissioned May in 2022* Personal Use Only o Oil yields (equivalent) ~180% that of a Modified Fischer Assay (MFA)** indicating that this is a highly ef
Slide 16: Renewable Power Project - sale of assets to EGPA
Renewable Power Project - sale of assets to EGPA qldem.com.au “Situated in the best co-located wind and solar resources in Eastern Australia” - AEMO o EGPA to develop up to 1GW hybrid wind, solar and BESS project o In January 2024 QEM sold its project assets to global renewables giant For personal u
Slide 17: QEM and UQ produce first vanadium pentoxide
QEM and UQ produce first vanadium pentoxide qldem.com.au 99.93% from Queensland industrial waste o QEM partnered with The University of Queensland (UQ) to produce the first high purity vanadium pentoxide (V2O5) from an industrial waste stream in Australia. For personal use only o QEM engaged UQ in t
Slide 18: Strong Government Support
Strong Government Support qldem.com.au A framework of support across the Value Chain For personal use only Personal Use Only 18
Slide 19: Right Project at Right Time
qldem.com.au Right Project at Right Time Target milestones to 2026 • Multi Commodity Exposure in high growth markets • Complete MET test work- Q2 2025 • Globally significant Critical Minerals opportunity • Pre-feasibility Study- targeted to complete- Q12026 For personal use only • Domestic Fuel Secu
Slide 20: Get in touch
qldem.com.au Get in touch: For personal use only Gavin Loyden Managing Director gavin@qldem.com.au Joanne Bergamin Director, Communications & Sustainability jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 20