Vital Metals Ltd · ASX:VML
Vital Metals — BMO Metals, Mining & Critical Minerals Conference 2023
13 slides from Vital Metals's conference presentation, Feb 27, 2023
Slide 1: Building Canada's rare earth supply chain
For personal use only Building Canada’s rare earth supply chain VITAL METALS (ASX: VML | OTCQB: VTMXF) February 2023 1
Slide 2: Disclaimer
Disclaimer This presentation provides an overview of prospective rare earth projects (“the Therefore, any potential investor or shareholder should consult with their For personal use only Projects”) and development opportunities and contains “forward looking professional advisors and seek independen
Slide 3: Building Canada's Rare Earths Supply Chain
Nd Pr BUILDING CANADA’S RARE EARTHS SUPPLY CHAIN For personal use only • Updated Tardiff Mineral Resource Estimate of 119Mt @ 1.4% TREO including 0.35% Company NdPr for 416,000 tonnes of contained NdPr Overview • Initiated a 5,500 metre drilling campaign at Nechalacho • Commenced Preliminary Economi
Slide 4: Board & Management
Board & Board & Management Management For personal use only RICHARD CROOKES JOHN DORWARD PAUL QUIRK JAMES HENDERSON LISA RILEY Interim Non-Executive Managing Director & CEO Non-Executive Director Non-Executive Director Non-Executive Director Chairman Mr Crookes is managing Mr Dorward is a finance Mr
Slide 5: Nechalacho Project, Canada
Nechalacho Project, Canada DEVELOPING A GLOBALLY SIGNIFICANT RARE EARTHS PROJECT For personal use only Updated MRE for Tardiff of 1.67 Vital Metals Peer Comparison million tonnes TREO with 5,000 6 416,000t contained NdPr 4,500 5 4,000 Strategically located to serve Total Contained REO (kt) 3,500 glo
Slide 6: Economic assessment to position Tardiff for development
Tardiff deposit, Nechalacho For personal use only ECONOMIC ASSESSMENT TO POSITION TARDIFF FOR DEVELOPMENT Tardiff deposit offers opportunity for large-scale, long-life rare earths production Tardiff Upper Zone has a global MRE of 119.0 million tonnes at 1.4% TREO Initial economic assessment to be ba
Slide 7: Nechalacho Exploration Drilling Underway
Nechalacho Exploration Drilling Underway DRILLING DESIGNED TO INCREASE MRE CONFIDENCE For personal use only Two drill rigs mobilised to Nechalacho 5,500m of diamond drilling planned Infill component designed to increase confidence in Inferred portion of the recently updated MRE to M&I Exploration ta
Slide 8: Processing Facility, Saskatoon
Processing Facility, Saskatoon For personal use only Custom-built facility in Saskatoon's rare earths "hub" We are completing the calcine circuit in Q3 to produce an intermediate rare earth oxide product Finalisation of construction (leaching, purification, precipitation circuits) expected in 2024 C
Slide 9: Canada's First Rare Earth Mining Company
Canada’s First Rare Earth Mining Company VML is value adding in Canada and has a strong growth outlook For personal use only NECHALACHO SASKATOON RARE RARE EARTH MINE EARTH REFINERY Potential to be one of the largest sources Upgrades concentrate into a mixed rare of NdPr in the Western world earth c
Slide 10: Catalysts for growth
Catalysts for growth Significant Organic For personal use only Growth, Material News Flow 2023 Tardiff Tardiff Mineral Resource Update Initial completed Economic Assessment Commenced Completion of drilling at Saskatoon Nechalacho calcine circuit 2024 Tardiff Finalise Expansion construction Feasibili
Slide 11: Building relationships to benefit communities & Canada
Building relationships to benefit communities & Canada For personal use only Nechalacho is the first mine in Canada being mined Strong local procurement from 160 local suppliers by the land’s traditional owners We continue to build government relations and Sensor-based ore sorting at Nechalacho redu
Slide 12: Contact Us
For personal use only Contact Us John Dorward Managing Director vital@vitalmetals.com +61 2 8823 3100 12
Slide 13: Appendix – Peer Comparison Data
Appendix 1 – Peer Comparison Data For personal use only Contained REO (kt) Market Grade Stage of Company Capitalisation (% TREO) Development Measured Indicated Inferred Total ($M)* Peak (ASX: PEK)1 2,250 2,040 340 4,630 2.2 Developer 129.2 Pensana (LSE:PRE)2 664 2,490 1,320 4,474 1.4 Developer 249.9
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