Vanadium Resources Ltd. · ASX:VR8
Vanadium Resources — Shareholder Meeting (November 2024)
24 slides from Vanadium Resources's shareholder meeting presentation, Nov 29, 2024
Slide 1: Correction to 2024 Annual General Meeting Presentation Slides
29 November 2024 CORRECTION TO 2024 ANNUAL GENERAL MEETING PRESENTATION SLIDES Vanadium Resources Limited (ASX: VR8, ‘Company’ or Vanadium) advises that an typographical error appeared on slide X of the 2024 Annual General Meeting (AGM) Presentation slides released to the market on 28 November 2024.
Slide 2: Steelpoortdrift Vanadium Project 2024 Annual General Meeting Presentation
For personal use only Steelpoortdrift Vanadium Project 2024 Annual General Meeting Presentation November 2024 ASX:VR8 www.vr8.global
Slide 3: Disclaimer
Disclaimer This presentation does not constitute investment advice. This presentation has been prepared by Vanadium Resources Limited (“the Company” or ASX:VR8) to provide summary information about the Company and its activities as at the date of this presentation (November 2024). Neither this prese
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Board of Directors Corporate Structure (ASX: VR8) 1 Matrix Resources (Zhejiang) Co Ltd 9.6% Jurie Wessels – as at 27 November 2024 For personal use only 2 J Wessels & Danterne Pty Ltd1 8.5% Executive Chairman 3 Raubex Pty Ltd 7.9% John Ciganek 4 Romfal Sifat Pty L
Slide 5: A World-Class Vanadium Mine
A World-Class Vanadium Mine For personal use only One of the world’s largest DFS 1 indicates robust financial Outcropping ore body with a low Uses conventional & proven and highest-grade vanadium outcomes, with post-tax NPV7.5% of strip ratio & projected bottom concentrate & Salt Roast Leach deposit
Slide 6: DFS Delivers World Class Vanadium Project
DFS Delivers World Class Vanadium Project1 For personal use only US$1.21bn US$1.05bn US$152m 42% (A$1.9bn) (A$1.62bn) (A$237m) NPV7.5% (post-tax) Attributable 86.49% NPV2 Yearly Free Cashflows IRR (post-tax) 27 months US$211m US$3.24 US$9.50 (A$329m) (Deloitte forward mid-range) incl. contingency Pa
Slide 7: Our Current Plan and Long-Term Vision
Our Current Plan and Long-Term Vision For personal use only Open Pit Mining Concentrator Plant Salt Roast Leach >98% V2O5 Flake & Additional Products 99.5% V2O5 Powder 1.6Mt – 3.5Mt ROM ore per Crushing, milling & Kiln roasting & chemical Potential to expand production to year at average grade of ma
Slide 8: Why Vanadium?
Why Vanadium? Listed as a Critical Mineral in Australia, the US, UK and European Union, Vanadium demand is expected to grow significantly from its energy storage capabilities For personal use only Vanadium Flow Batteries (VFBs) Steel & Alloys ➢ VFBs forecast to represent up to 20% of total battery c
Slide 9: Forecast growth in ESS and VFBs by GWh
Forecast growth in ESS and VFBs by GWh Long term forecast for battery ESS additions by type (GWh)1 For personal use only 1,600 Actual / Forecast 1,400 Energy storage systems (ESS) capacity, measured in gigawatt-hours (GWh), is 1,200 expected to grow significantly through to 2050 due to the increasin
Slide 10: Existing Vanadium Supply & Demand vs Vanadium Prices
Existing Vanadium Supply & Demand vs Vanadium Prices Existing Vanadium Supply – Demand, (V2O5 tonnes, (a), (e)) (LHS) 1 vs In 2018, demand shock occurred due to new Vanadium pentoxide prices, Europe (Real '23 US$/lb (a)) (RHS) 2 For personal use only Chinese regulations aimed at improving the qualit
Slide 11: International Cost Curve
International Cost Curve For personal use only Vanadium Pentoxide Production Costs, 2022 Cash cost of US$3.24/lb V2O5 places the $10 Project within the lowest quartile of the Source: Project Blue 2023 international cost curve for vanadium $9 pentoxide Cost of Production (US$/lb V2O5) $8 $7 $6 Well p
Slide 12: Future Proofing Production Profile
Future Proofing Production Profile Future Proofing Production Profile: ✓ VR8 has elected to modify the backend of its SRL plant, so that it can produce: 21% (V205 /only ❑ 98% V2O5 (suitable for steel market) ~9x increase in demand for ❑ 99.5% V2O5 (suitable for VFB market). t) vanadium for use in ba
Slide 13: Enhanced Realised Sales Pricing & Value
Enhanced Realised Sales Pricing & Value Ammonium Metavanadate (AMV) Chinese Vanadium Product Pricing ➢ Pre-cursor for the manufacture of V2O5 (CNY/t) 1 160000 ➢ Intermediate compound used to produce vanadium products and alloys For personal use only 136000 V2O5 Flake – 98% 120000 ➢ The basis of Stee
Slide 14: Latest Project Optimisation & EPC-F Developments
Latest Project Optimisation & EPC-F Developments ➢ Project optimisation has been completed by VR8’s world-class management team, following a comprehensive internal review of the DFS For personal use only ➢ Significant efficiencies for the Project were identified as a result of: o Plant modifications
Slide 15: Competitive Funding Process Established - Incorporating CEIG
Competitive Funding Process Established - Incorporating CEIG Competitive offtake Competitive offtake and strategy equity process ongoing. & strategic equity Discussions continue with Matrix and other Chinese, European, Japanese, Korean & South African parties. For personal use only Debt financing De
Slide 16: South Africa as a Mining Jurisdiction
South Africa as a Mining Jurisdiction Recent Improvements in S.A. S.A. Advantages vs Rest Of Africa For personal use only Improving Power & Infrastructure Energy Supply No black outs for 150 days & South Africa has a grid (ESKOM) which mining road repairs are fixing pot-holes. operations are able to
Slide 17: Location – in the Bushveld Complex
Location – in the Bushveld Complex This world-renowned mining location is host to several mining operations with multiple major companies active in the area and is in close proximity to existing infrastructure. For personal use only Other Mines in the Bushveld Complex Vametco – Vanadium Mine Rhovan
Slide 18: Resources & Ore Reserves
Resources & Ore Reserves ➢ Global Mineral Resource of 680Mt at 0.70% V2O5 ➢ Total Ore Reserve of 77Mt at 0.72% V2O5 ➢ Mineralisation outcrops at surface and dips shallowly (~10º) – less waste to mine, low strip ratios (0.88x waste : ore) and cheaper mining cost For personal use only ➢ Orebody able t
Slide 19: Location of Mineral Resources & Ore Reserves
Location of Mineral Resources & Ore Reserves ➢ The final pit design and Ore Reserves based on LOM of 25 years Location and Classification of Location and Classification of (designed to match Mining Right term) Mineral Resources Ore Reserves ➢ Final pit design was based on Pit 17, which highlights po
Slide 20: Investment Highlights
Investment Highlights Strong financials with attributable NPV of US$1.05bn, IRR of Offtake & strategic equity process for Phase 1 continues, high 42% and payback period of 27 months demand has the potential for excess to be allocated to Phase 2 Commenced process of assessing debt funding appetite of
Slide 21: Appendix
For personal use only Appendix November 2024
Slide 22: Board of Directors
Board of Directors Jurie Wessels has 26 years’ experience in the exploration industry and co-founded a number of exploration and mining companies, including Bauba Resources Ltd (BAU.J), which owns three operating chrome mines, GoldStone Resources Ltd (GRL.L), which company is mining the Homase-Akrok
Slide 23: Management Team
Management Team JOHN CIGANEK KYLA GARIC JURIE WESSELS Managing Director & Executive Chairman Company Secretary Chief Executive Officer For personal use only Tim Feather has over 25 years of experience in corporate finance. Following a law degree at the University of Nottingham, he qualified as a cha
Slide 24: For personal use only
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