Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Low Emission and Technology Minerals November 2016
39 slides from Australian Vanadium's conference presentation, Nov 15, 2016
Slide 1: Investing in the energy storage future with Australian Vanadium
For personal use only Investing in the energy storage future with Australian Vanadium Low Emission and Technology Minerals November 2016 Vincent Algar Managing Director
Slide 2: Disclaimer
Disclaimer The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. For personal use only No representation or warranty is made as to the accuracy, completeness or reliability of the information. Comment It is com
Slide 3: AVL is an integrated Battery Metals Company
AVL is an integrated Battery Metals Company For personal use only • Battery metals focused ASX listed company • Active evaluation of a new, long-life vanadium project (Gabanintha) in Western Australia • Significant project with large, high-grade Measured, Indicated and Inferred resources • Vanadium
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX:AVL) Capital structure and major shareholders For personal use only Key Statistics (as at 9/1016) AVL Share Price History Ordinary shares on issue 1,100m $0.030 160,000,000 Options on issue (ex at 1.47c 176.1m expire Dec 2017) 140,000,000 $0.025 Listed Options (ex at 2.c exp
Slide 5: AVL Vertical Integration Strategy
AVL Vertical Integration Strategy For personal use only 5
Slide 6: Integrated Strategy
Integrated Strategy Diversified Action to Maximise Opportunity For personal use only 6
Slide 7: Vanadium Markets
For personal use only Vanadium Markets Steel and Energy Storage 7
Slide 8: Vanadium in Energy Storage
Vanadium in Energy Storage For personal use only “Energy storage has the potential to transform our entire energy system.” - Clean Energy Australia 8
Slide 9: Vanadium Markets - Steel
Vanadium Markets - Steel Despite reduced rate of steel production, demand for vanadium continues For personal use only to grow. Steel remains a price driver for vanadium » Steel is primary market (92% of vanadium consumption) » Addition of 0.2% vanadium increases steel strength up to 100% and reduce
Slide 10: Vanadium Markets - Overview
V Vanadium Markets - Overview Supply and demand outlook offers compelling opportunity for early For personal use only involvement – particularly with interest from Energy Storage » Upward price signals are clear from very recent data » FeV prices up between 36% and 41% in early 2016 » V2O5 prices up
Slide 11: Vanadium Markets - Overview
V Vanadium Markets - Overview Impact of Energy Storage Demand (VRB and V cathode in Li-Ion) already For personal use only significant 11
Slide 12: Vanadium Markets - Overview
V Vanadium Markets - Overview Impact of Energy storage demand on V-demand significant and disruptive For personal use only 12
Slide 13: Globally Significant Project
For personal use only Globally Significant Project Gabanintha Vanadium Project in Western Australia 13
Slide 14: Global Player
Global Player Gabanintha Project is significant development project on a global scale in For personal use only grade and size 14
Slide 15: Vanadium Peer Comparison
Vanadium Peer Comparison For personal use only • Gabanintha a globally significant deposit on grade and tonnage basis. • AVL Market Cap of $15m compares to TNG Market Cap of $110M and BMN $17M. 15
Slide 16: Gabanintha Vanadium Project
Gabanintha Vanadium Project High grade resource in favourable mining jurisdiction in Murchison of WA For personal use only » One of the highest-grade vanadium deposits currently being advanced globally; › JORC 2012 compliant Total Resource of 91.4Mt @ 0.82% V2O5, 10% TiO2 and 35% Fe › Separate high-
Slide 17: Gabanintha Vanadium Project
Gabanintha Vanadium Project Discrete high-grade zone, simple geometry, suitable for open pit mining For personal use only 17
Slide 18: Vanadium Resource
Vanadium Resource Large high-grade resource For personal use only JORC Million In situ bulk Material Resource V2O5 % Fe% TiO2 % SiO2 % Al2O3 % LOI% Tonnes density Class High grade Measured 7.0 3.73 1.09 43 12 10 8 3.4 Indicated 4.3 3.29 1.07 41 12 12 9 4.6 Inferred 45.5 3.67 0.97 42 11 12 8 2.8 Subt
Slide 19: Gabanintha Vanadium Project
Gabanintha Vanadium Project First pass internal optimisation shows significant potential For personal use only 19
Slide 20: Updated Concept Engineering Study
Gabanintha Vanadium Project Updated Concept Engineering Study For personal use only CONCEPT STUDY PARAMETERS – CAUTIONARY STATEMENT The Concept Study in this presentation (nominal +/- 50% accuracy) is based on low-level technical and economic assessments, and is insufficient to support estimation of
Slide 21: Gabanintha Concept Study
Gabanintha Concept Study Updated Concept Engineering Study supports move forward For personal use only » Results of study have satisfied the Board to advance the Project with further key studies. » Studies to include roast-leach metallurgical work, resource update, detailed mining study, hydrology s
Slide 22: Gabanintha Concept Study: Proposed Process Flowsheet
Gabanintha Concept Study Proposed Process Flowsheet For personal use only 22
Slide 23: Gabanintha Concept Study
Gabanintha Concept Study Updated Concept Engineering Study supports move forward For personal use only MONTH PROJECT DESCRIPTION Nov Dec Jan Feb Mar May Jun Oct 16 Apr 17 Jul 17 16 16 17 17 17 17 17 Resource Upgrade Mine Design Metallurgical Test Program Water Supply & Hydrology Studies Environmenta
Slide 24: Vanadium Electrolyte
For personal use only Vanadium Electrolyte Integration from vanadium resources directly to energy storage products 24
Slide 25: Value Addition in V-electrolyte
Value Addition in V-electrolyte Vanadium electrolyte production at the source de-risks and adds options For personal use only » Vanadium electrolyte is battery “fuel” » Mild acid solution of V2O5 with all oxidation states available for electron transfer. » Can be produced in stand-alone plant or as
Slide 26: Vanadium in Energy Storage
For personal use only Vanadium in Energy Storage 26
Slide 27: Vanadium in Energy Storage
Vanadium in Energy Storage Unique characteristics of Vanadium Redox Batteries (VRBs) For personal use only » Flow battery technology well established and at commercial deployment status » VRBs provide a way to store and re-supply renewable energy. Their very high capacity is ideal for large-scale en
Slide 28: Defining the space for flow battery technology
Vanadium in Energy Storage Defining the space for flow battery technology For personal use only » Vanadium Flow Batteries are Energy Batteries that provide a unique ability to significantly time-shift very large amounts of previously generated energy. Source: GILDEMEISTER Energy Storage 28
Slide 29: Vanadium vs Lithium: Key Comparisons
Vanadium vs Lithium : Key Comparisons For personal use only Vanadium Flow Battery Lithium (Li-ion) Energy Battery – Store large amounts of energy for Power Battery – ideal for shorter term high power later use application Energy stored in electrolyte tanks All energy stored in cell Stable – non-flam
Slide 30: Redox Battery Market Beckons in Australia
Redox Battery Market Beckons in Australia Can the VRB be the ultimate grid energy storage solution for Australia? For personal use only » Rising power costs: VRB can reduce power bills by peak off-peak shifting and demand management » Australia has world’s most extended networks: Many fringe-of-grid
Slide 31: First CellCube Installation Completed
For personal use only First CellCube Installation Completed Rural site to benefit from Solar PV plus CellCube to shift to 90% renewable energy self consumption. First opening into large Australian market. 31
Slide 32: Key Partnerships in Place to Grow Strategy
Key Partnerships in Place to Grow Strategy AVL is on track to achieving vanadium storage market objectives with For personal use only excellent market and technology companies • GILDEMEISTER energy • Sun Connect is an Australia- • C-Tech Innovation is a UK storage GmbH developed the wide commercial
Slide 33: Lithium-Tantalum Project
For personal use only Lithium-Tantalum Project New project to add diversity to AVL and extend battery metal focus 33
Slide 34: Blesberg Lithium-Tantalum Project Acquisition
Blesberg Lithium-Tantalum Project Acquisition AVL broadens its focus on energy storage minerals For personal use only » AVL secures option to acquire a minimum 50.03% interest in the Blesberg Lithium-Tantalum Project in South Africa. » AVL interest in the project may be increased to 74%. » Project a
Slide 35: The Blesberg Project
The Blesberg Project AVL broadens its focus on energy storage minerals For personal use only 35
Slide 36: Blesberg Lithium-Tantalum Project Acquisition
Blesberg Lithium-Tantalum Project Acquisition AVL broadens its focus on energy storage minerals For personal use only » Consideration on exercise of option consists of: › 70 Million AVL Shares; › 80 Million Performance Rights over 2 milestones, and › a conditional 1.0% net smelter return royalty. »
Slide 37: Blesberg Lithium Project
For personal use only Blesberg Lithium Project 37
Slide 38: Australian Vanadium: An active company advancing a unique integration strategy
Australian Vanadium: An active company advancing a unique integration strategy focused on For personal use only energy storage Highlights » Quality, grade and tonnage of Gabanintha resource moving towards project development. » Detailed concept engineering study shows outstanding results to support
Slide 39: Vincent Algar, Managing Director
For personal use only Vincent Algar, Managing Director Telephone: +61 (8) 9228 3333 Email: info@australianvanadium.com.au Website: australianvanadium.com.au Office Location: 129 Edward Street, Perth Western Australia 6000 Social media: 39
Australian Vanadium — Low Emission and Technology Minerals November 2016 on 6ix