Vulcan Energy Resources Ltd. · ASX:VUL
Vulcan Energy Resources — Shareholder Meeting (November 2020)
33 slides from Vulcan Energy Resources's shareholder meeting presentation, Nov 25, 2020
Slide 1: Zero Carbon Lithium
For personal use only Zero Carbon Lithium ®
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation has been differ materially from results ultimately achieved. COMPETENT PERSON STATEMENT prepared by Vulcan Energy Resources Ltd. This presentation VUL does not make any representations and provides The information in thi
Slide 3: Vulcan – Zero Carbon Lithium
Vulcan – Zero Carbon Lithium® For personal use only In The Heart Of The Agreement with German Fastest Growing Lithium Geothermal Operator High Carbon World-first Zero Carbon Market In The World Footprint Of Existing Lithium® Project Supply Chain Largest Lithium Team of World DLE & Geothermal Resourc
Slide 4: Why Vulcan?
Why Vulcan? I.ENVIRONMENTAL IMPACT For personal use only We exist to decarbonize the currently CO2 high carbon production footprint of lithium-ion batteries used in electric vehicles by producing a world-first Zero Carbon Lithium® hydroxide That’s equivalent to the 1.05 Billion product from our geot
Slide 5: Environmental concerns
Environmental concerns I.ENVIRONMENTAL IMPACT For personal use only Lithium extraction in South America evaporates large quantities of water in one of the driest places on earth. This stresses the environment and local communities. Hard rock mines for lithium are unpopular. Once you mine it, the roc
Slide 6: Europe: fastest growing lithium market
Europe: fastest growing lithium market 2029 >415 GWh II. EUROPE For personal use only EU LI-ION BATTERY PRODUCTION LiOH Thousand Tonnes 400 More investment into EV in Europe than in China. & LiOH DEMAND Europe is fastest growing lithium-ion battery 350 production center in the world the fastest grow
Slide 7: We scoured the globe to find the right project
We scoured the globe to find the right project III. OUR PROJECT LITHIUM CONCENTRATION For personal use only 181 IN BRINE (MG/L LI) We had the lithium expertise to know 181 that Zero Carbon Lithium® production was possible using modern extraction methods, provided a deep geothermal 77 brine reservoir
Slide 8: Largest lithium resource in Europe
LARGEST Largest in Europe LITHIUM 16.19 = RESOURCE 350M EVs III. OUR PROJECT IN EUROPE For personal use only We used our geological expertise to pick out the best areas in the Upper Rhine 7.17 Valley for sub-surface lithium grade and potential flow rate. We secured exclusive rights to these areas: G
Slide 9: November news in the EU Li-ion battery supply chain
NOVEMBER NEWS IN THE EU LI-ION BATTERY SUPPLY CHAIN PANASONIC, EQUINOR, HYDRO VOLKSWAGEN sets aside €35 For personal use only consider battery production in billion for e-mobility Norway SVOLT to build 24GWh battery BMW puts 400 million euros into factory in Germany Munich plant DAIMLER green sourci
Slide 10: At the center of fastest growing lithium market
At the center of fastest growing lithium market Skellefteå, 2021 32 GWh LATER 40 GWh Brandenburg, 2021 >500GWh Brandenburg, 2021 At least 20GWh Capacity RAMP UP TO 8-12 GWh For personal use only Salzgitter, 2024 Planned by 2030 Bitterfeld, 2022 16 GWh, LATER 24 GWh 16 GWh Erfurt, 2022 Wroclaw, 2018
Slide 11: A dual revenue renewable project
A dual revenue renewable project III. OUR PROJECT For personal use only A PERFECT FIT Market Demands in Vulcan value propositions EU & Germany & revenue streams Zero Carbon Lithium™ Core Market Zero Carbon Heating Secondary Market Zero Carbon Electricity 11
Slide 12: Commercially mature technologies combined
Commercially mature technologies combined III. OUR PROJECT For personal use only Our process replicates existing operations taking place commercially across the world. What is unique about us is the combination of those different steps. Binary Cycle Direct Lithium Lithium 1 Geothermal Plant 2 Extrac
Slide 13: Our Zero Carbon Lithium process
Our Zero Carbon Lithium® process III. OUR PROJECT Geothermal Brine for Re-Injection For personal use only Brine (165°C) without Lithium (65°C) • Hot brine is extracted from the ground 1 and generates steam that powers turbines and produces renewable electricity. 1 • They are standard geothermal prod
Slide 14: Project structure
Project structure III. OUR PROJECT For personal use only Plant B1 Plant B2 Well #1 Well #2 Well #3 Well #1 Well #2 Well #3 xxxL/s xxxL/s xxxL/s xxxL/s xxxL/s xxxL/s XXMW XXMW Geothermal Geothermal Plant Plant DLE DLE 1 Binary Cycle Geothermal Plant XKt LCE Li Chloride XKt LCE Li Chloride Central Hyd
Slide 15: Carbon intensity
Carbon intensity “CO2 emissions from lithium production set to triple by IV. OUR ZERO CARBON ADVANTAGE 2025” For personal use only 15 13-15 TONNES* (tCO2/tLiOH•H20) INTENSITY 10 CARBON 5 5 TONNES* 0 Hard-Rock Salar-Type Spodumene Brines Refining in China Significant CO2 Coal power High water consump
Slide 16: Vulcan to offset CO2 penalties for automakers
Vulcan to offset CO2 penalties for automakers IV. OUR ZERO CARBON ADVANTAGE For personal use only CO₂ Emissions Linked to Lithium Production Penalties currently only target Hard Rock Mining VW’s target: 28M EVs by 2028 vehicles’ emissions but not their supply chain. This is likely to change shortly
Slide 17: Cost advantage of geothermal lithium brines
Cost advantage of geothermal lithium brines Brine projects are the lowest cost method of lithium IV. OUR ZERO CARBON ADVANTAGE hydroxide production, For personal use only typically around US$5-7,000/t. (Source: Canaccord). If you’re producing battery-quality lithium hydroxide chemicals, the price Ou
Slide 18: The Vulcan Zero Carbon Lithium team: board
The Vulcan Zero Carbon Lithium® team: board V. TEAM & TIMELINE Lithium, Renewable Energy & Project Finance Experience For personal use only Dr. Francis Dr. Horst Gavin Ranya Rob Wedin Kreuter Rezos Alkadamani Ierace MANAGING DIRECTOR CO-FOUNDER & CHAIR – INVESTMENT NON-EXECUTIVE DIRECTOR – CFO / COM
Slide 19: Management, technical team & consultants
Management, technical team & consultants V. TEAM & TIMELINE World-Renowned Geological, Chemical & Engineering Expertise For personal use only Dr Katharina Dr. Thomas Vincent Ledoux Jochen Alex Thorsten Gerber Aicher Pedailles Rudat Grant Weimann LITHIUM PROJECT LITHIUM CHEMICAL VICE PRESIDENT – BUSI
Slide 20: Vulcan financially supported by the EU
Vulcan financially supported by the EU V. TEAM & TIMELINE For personal use only May ‘20: Agreement signed with EU-backed body to launch Vulcan Zero Carbon Lithium® Project. EIT InnoEnergy will marshal its ecosystem and significant EU-wide resources to launch the Zero Carbon Lithium™ Project forward:
Slide 21: Where to from here?
Where to from here? V. TEAM & TIMELINE For personal use only PRE- DEFINITIVE SCOPING FEASIBILITY FEASIBILITY GROWTH STUDY STUDY STUDY SCALE-UP WITH MARKET We completed our We have In 2021 we want We are then We plan to grow Scoping Study in commenced our to complete our planning with the just six mo
Slide 22: Share price & capital structure
Share price & capital structure INSTITUTIONAL V. TEAM & TIMELINE 8% For personal use only 28% ASX : VUL BOARD & MANAGEMENT 64% Shares on Issue 76,424,345 RETAIL Options (28.5c expiring in January 2021) 5,765,783 Performance Milestone Shares* 8,800,000 Performance Rights* 12,500,000 Market Capitaliza
Slide 23: Vulcan summary: best-in-class for the 2020s
Vulcan summary: best-in-class for the 2020s For personal use only POSITIVE SIZE & QUALITY: LOCATION WORLD’S 1ST & SCOPING EUROPE’S CENTRE OF LOCAL RAPIDLY ONLY ZERO- STUDY: DUAL LARGEST FASTEST PARTNERS & THE RIGHT ADVANCING CARBON LITHIUM® REVENUE EU BACKING LITHIUM GROWING INFRASTRUCTURE TEAM FOR
Slide 24: Thank you
For personal use only Thank you @VulcanEnergyRes V-er.com info@v-er.com ASX:VUL FRA:6KO 24
Slide 25: Appendix
For personal use only APPENDIX 25
Slide 26: Appendix 1: proud members of a leading-edge industry
Appendix 1: proud members of a leading-edge industry For personal use only 26
Slide 27: Appendix 2: information for slide
Appendix 2: information for slide 8 For personal use only Lithium Cauchari-Olaroz, Chile (50% own- Resource Statement Americas NYSE:LAC ership. Thacker Pass not Included) Construction Measured, Indicated & Inferred 7.8 x 109 M3 592 mg/l Li 24.6 7 May 2019 AVZ Minerals Manobo (60% ownership) Company
Slide 28: Appendix 3: decarbonisation potential calculations
Appendix 3: decarbonisation potential calculations For personal use only Decarbonisation potential for Zero Carbon Lithium process: Based on 50 kWh average lithium- ion battery size, with average of 0.9 kg LCE/kWh across different cathode chemistries. Total 1.4B vehicles in use worldwide 6 million (
Slide 29: Appendix 4: The fossil-nuclear era in Europe coming to an end
Appendix 4: The fossil-nuclear era in Europe coming to an end For personal use only 2020 2030 2040 2050 Europe is aiming for carbon neutrality, but the EU’s energy transition is far from being complete: 30.7% RE in Power Renewable 19.5% RE in Heat Energy (RE) 7.6% RE in Transport • Combustion engine
Slide 30: Appendix 5: A perfect fit for the European Green Deal
Appendix 5: A perfect fit for the European Green Deal For personal use only Mobilising research and fostering innovation Increasing the EU’s Climate A zero pollution ambition ambition for 2030 and 2050 for a toxic-free environment Supplying clean, affordable and secure energy Mobilising industry for
Slide 31: Appendix 6: DLE Geothermal: a better way
Atacama Desert in Chile, the world’s second Appendix 6:DLE Geothermal: a better way driest desert. For personal use only DLE technologies paired with geothermal brines have a number of major advantages compared to South American brines, including: 1. Extraction rate and efficiency does not depend on
Slide 32: Appendix 7: aligned with UN Sustainable Development Goals
Appendix 7: aligned with UN Sustainable Development Goals For personal use only Gender equality Affordable and clean energy Decent work and economic growth Industry, innovation and infrastructure Sustainable cities and communities Responsible consumption and production Climate action 32
Slide 33: Thank you
For personal use only Thank you @VulcanEnergyRes V-er.com info@v-er.com ASX:VUL FRA:6KO 33
Vulcan Energy Resources — Shareholder Meeting (November 2020) on 6ix