Vanadium Resources Ltd. · ASX:VR8
Vanadium Resources — Tando Resources — Investor Presentation (November 2018)
23 slides from Vanadium Resources's investor presentation, Nov 8, 2018
Slide 1: Pando SPD Vanadium Project
PANDO SPD VANADIUM PROJECT asec) novemter20i
Slide 2: Project Highlights
PROJECT HIGHLIGHTS World-class ▪ SPD Vanadium Project is a globally significant, high-grade Vanadium deposit located in an established producing region. Vanadium Asset ▪ Numerous drill intersections greater than 1% V2O5 ▪ Concentrate grade averaging 2%+. Substantial Resource ▪ Existing inferred reso
Slide 3: Vanadium Market / Price
VANADIUM MARKET / PRICE Vanadium (V2O5) Price Chart ▪ Vanadium prices have increased 200% since Jan 2018 ▪ Prices in uptrend since Jan 2016 ▪ For the first time vanadium price has decoupled from iron ore price as a result of : ▪ Changes in vanadium content of steel ▪ Usage of vanadium in Vanadium f.
Slide 4: Demand for Energy Storage
DEMAND FOR ENERGY STORAGE ▪ Energy storage is key factor in global change to renewable energy Vanadium Redox Flow Batteries ▪ “the wind doesn’t always blow, the sun doesn’t always shine” ▪ “you might have an electronic vehicle but you’ll be charging it from a coal fired power station” ▪ VRFBs have c
Slide 5: Demand from Steel
DEMAND FROM STEEL Vanadium Intensity of Use in Steel (2017) ▪ Over 90% of the current demand for vanadium arises from its use to strengthen steel. ▪ Demand increasing due to more stringent regulations in China for rebar and other steel products used in construction. ▪ New Chinese standards forecast
Slide 6: Vanadium Supply
VANADIUM SUPPLY Vanadium Production by Raw Material ▪ Over 85% of the worlds vanadium is produced from China, Russia and South Africa ▪ Production from primary sources (i.e. new mines such as SPD) increasing due to environmental issues with production from slag ▪ Primary deposit types: ▪ Titaniferou
Slide 7: South Africa Established Vanadium Production Hub
SOUTH AFRICA ESTABLISHED VANADIUM PRODUCTION HUB ▪ Active vanadium mining and processing operations: ▪ Rhovan (Glencore) ▪ Vametco (Bushveld) ▪ SPD Project adjacent to dormant Mapochs vanadium operation (formerly Evraz, now private) Mapochs Mine 7
Slide 8: Infrastructure Rich Region
INFRASTRUCTURE RICH REGION Electricity sub station 15km from SPD De Hoop Dam, 15km from SPD Steelpoort Rail Siding, 25km from SPD 8
Slide 9: Globally Significant Project
GLOBALLY SIGNIFICANT PROJECT SPD has one of the highest: ▪ whole rock / pre-concentrate grades ▪ grade in concentrate Chart compares resources reported under different codes and companies at different stages of development as detailed in slide 23. 9
Slide 10: SAMREC Inferred Resource
SAMREC INFERRED RESOURCE Avg Whole Rock Magnetite V 2 O5 % Reef Tonnes (Mt) Mt% Thickness (m) V 2 O5 % Tonnes in Magnetite Upper Layer 24 184.2 0.73 42.4 78.1 1.99 Lower Layer 22 329.1 0.81 41.6 136.0 2.20 Averages & Totals 23 513.3 0.78 41.9 215.0 2.09 While this foreign resource is not reported in
Slide 11: High Grade Drill Results
HIGH GRADE DRILL RESULTS Significant Whole Rock Results include1: ▪ 9m at 1.34% V2O5 + 10.5% TiO2 from 9m (SFR019) ▪ 14m at 1.08% V2O5 + 7.07% TiO2 from 9m (SFR013) ▪ 13m at 1.13% V2O5 + 7.43% TiO2 from 10m (SFR017) ▪ 26.9m at 0.80% V2O5 from 43.1m & 12.2m at 0.90% V2O5 from 127.2m (SFDD001) ▪ 15m a
Slide 12: Simple Mineralisation
SIMPLE MINERALISATION ▪ Near surface mineralisation ▪ Both units outcrop in project area ▪ Two magnetite units averaging 23m thick ▪ Upper Magnetite Layer (UML) ▪ Lower Magnetite Layer (LML) ▪ Both units outcrop in project area are near surface mineralisation ▪ Located at base of Upper Zone of Bushv
Slide 13: Drilling in Progress on Site
DRILLLING IN PROGRESS ON SITE ▪ Phase 1 drilling completed providing data for estimation of maiden JORC resource. ▪ Drilling has successfully intersected mineralised units and is consistent (to date) with historical results. ▪ 3 rigs in operation on site – RC and diamond core. ▪ Samples from diamond
Slide 14: High Grade Results
HIGH GRADE RESULTS ▪ High grade results from initial assays ▪ Shallow near surface mineralisation ▪ 34m at 1.03%V2O5 from 22m ▪ 8m at 1.02%V2O5 from 108.6m ▪ 24m at 0.73% V2O5 from 0m / surface ▪ including 12m at 1.00% V2O5 from 12m ▪ including 2m at 1.72% V2O5 from 22m ▪ 1m at 1.31% V2O5 from 0m /
Slide 15: Forward Development Plan
FORWARD DEVELOPMENT PLAN ▪ Estimation of Mineral Resource under JORC Code (refer to Slide 10) ▪ Complete infill drilling aiming to increase confidence in Mineral Resource to Indicated level ▪ Metallurgical testwork in progress ▪ Feed into Scoping Study which will consider potential for near term, fa
Slide 16: Near Term Production Potential
NEAR TERM PRODUCTION POTENTIAL ▪ Potential for fast-track to production Magnetite Pipe ▪ High grade pipes identified at surface ▪ Investigating simple, low cost production start-up ▪ Potential to sell at mine gate or direct ship to customer ▪ Drilling identifying higher grade zones within resource 1
Slide 17: High Grade Vanadium Pipes
HIGH GRADE VANADIUM PIPES ▪ 6 clusters of pipes have now been mapped and sampled on the SPD Project ▪ Average of 20 samples = 1.87% V2O5 ▪ 7 samples above 2% V2O5 ▪ High resolution magnetic survey delineates scale: ▪ Cluster 5 600m x 600m ▪ New target 400m x 400m ▪ Drill testing to commence 17
Slide 18: Capital Structure
CAPITAL STRUCTURE Shares Current Shares 193,587,061 ▪ Current Issued Shares 193.6M Listed Options 52,237,043 ▪ Enterprise Value at 12c ~ $23M Unlisted Options 23,100,000 ▪ Cash at bank ~ $3M Vendor Options 41,580,001 Fully funded for all upcoming drilling, resource work, metallurgical testwork, and
Slide 19: Peer Comparison
PEER COMPARISON Chart compares resources reported under different codes and companies at different stages of development as detailed in slide 23. 19
Slide 20: Management Team
MANAGEMENT TEAM Bill Oliver ▪ Geologist with over 20 years wide ranging exploration experience in a Managing Director range of commodities and jurisdictions. ▪ Enviable track record in project identification and evaluation. Jeremy King ▪ Corporate advisor with over 15 years’ experience in domestic a
Slide 21: Tando Resources (ASX: TNO)
Tando Resources (ASX: TNO) W: www.tandoresources.com.au E: contact@tandoresources.com.au T: +61 8 6559 1792 A: Suite 2 / 1 Altona St, West Perth, WA 21
Slide 22: Disclaimer and Competent Person Statement
DISCLAIMER AND COMPETENT PERSON STATEMENT ▪ This presentation has been prepared by Tando Resources Limited (“the Company” or “Tando”). The information contained in this presentation is a professional opinion only and is given in good faith. ▪ The information contained herein is confidential and prop
Slide 23: Appendix: Peer Comparison Information
APPENDIX: PEER COMPARISON INFORMATION Company Code Project Stage Resource Category Resource Resource Concentrate Information Source Tonnes Grade Grade Largo LGO.TSX Maracas Production Measured, Indicated & 49.25 0.99 3.10 43-101 Technical Report dated 26/10/2017 Inferred (43-101) largoresources.com/
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