Richmond Vanadium Technology Pty Ltd. · ASX:RVT
Richmond Vanadium Technology Pty — Investor Presentation (September 2023)
29 slides from Richmond Vanadium Technology Pty's investor presentation, Sep 5, 2023
Slide 1: Powering the Future - Investor Update
POWERING THE FUTURE ASX Investor :Update RVT| December 2022 | ASX:RVT NEW WORLD METALS CONFERENCE PRESENTATION SEPTEMBER 2023
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER • are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have bee
Slide 3: Corporate Overview
CORPORATE OVERVIEW RVT $18.8m $88.7m 221.8m 13.5m 2.3m ASX Code Cash Market Cap Shares Options Performance (as at 30/06/2023) (as at 1/9/23) on Issue on Issue1 Rights2 Board and Management OWNERSHIP Brendon Grylls Independent Non-Executive Chair Directors, Management & Jon Price Managing Director St
Slide 4: Why Vanadium
WHY VANADIUM Supply VRFB market projection1 • China, Russia, South Africa and Brazil account for almost all worldwide production currently at ~140ktpa 1,400 • Primary, by-product and secondary supply (slag, ash, stone coal) 2030 1,200 • Limited supply of battery grade material Market Value (US$m) 1,
Slide 5: Vanadium Redox Flow Batteries (VRFBs)
VANADIUM REDOX FLOW BATTERIES (VRFBs) • Adoptable energy storage system ideal for large scale stationary storage applications • Megawatt capacities for standalone storage systems for solar and wind farms and load leveling on existing electricity grids • Safe (no thermal runaway risk), long life (ove
Slide 6: VRFBs in Operation, Under Construction, Announced
200 VRFBs IN OPERATION 42 VRFBs UNDER CONSTRUCTION 49 VRFBs ANNOUNCED Source: Vanitec 6 Investor Update September 2023| December | ASX:RVT2022 | ASX:RVT
Slide 7: Mine to Metal to Battery
MINE TO METAL TO BATTERY An economic analysis for beneficiation to a concentrate in Australia, and a comparison of recovery offshore in China or onshore in Australia was carried out as part of the PFS. The PFS recommended that recovery to produce V2O5 flake be carried out offshore due to lower capit
Slide 8: Project Details
PROJECT DETAILS Investor Update | December 2022 | ASX:RVT
Slide 9: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW Location • Located in mining friendly jurisdiction of North Queensland • Close to existing infrastructure including gas pipeline, proposed Copper String 2032 HV network line, Flinders Highway and Great Northern railway link to Townsville Port • Three main prospects
Slide 10: Global Primary Mineral Resources
GLOBAL PRIMARY MINERAL RESOURCES Resource Tonnes Resource Grade Concentrate Grade 2000 3.00% 1800 2.50% 1600 1400 2.00% V2O5 Grade (%) Million Tonnes (MT) 1200 1000 1.50% 800 1.00% 600 400 0.50% 200 0 0.00% Richmond Vanadium Bushveld Australian Bushveld Technology Largo Maracas Bushveld Brits Glenco
Slide 11: Lilyvale Deposit
LILYVALE DEPOSIT • 45km north-west of the Richmond township in close proximity to the Flinders Highway and Great Northern railway • Mineral Resource of 560Mt @ 0.48% V2O51 • Mineralisation associated with the Toolebuc geological formation at an average depth of 2 - 25m below surface • Starter pit to
Slide 12: Lilyvale Deposit Ore Reserve
LILYVALE DEPOSIT ORE RESERVE1 • Maiden open pit Ore Reserve at the Lilyvale Deposit of: 459.2Mt @ 0.49% for 2.25Mt V2O5 • Two pits designed over Lilyvale Deposit Indicated Mineral Resource: – LOM (Life of Mine) pit hosting Probable Reserves; and – Starter pit focussed on the higher grade part of LOM
Slide 13: Comparison of Estimated Production Cost Breakdown
COMPARISON OF ESTIMATED PRODUCTION COST BREAKDOWN Soft Oxide vs Titanomagnetite Vanadium Deposits Concentrating Recovery to minimum 98% to meet vanadium flake standard TITANOMAGNETITE VANADIUM DEPOSIT Drill & Blast Mining Milling Concentrating Roasting Leaching Purifying ≈10% ≈30% ≈40% ≈20% ≈50% ≈40
Slide 14: Proven Metallurgical Results
PROVEN METALLURGICAL RESULTS 1 • Project is a large, low grade, high calcite content resource • Process flowsheet uses proven conventional technology • 1.2 tonnes of vanadium samples sent to two research institutes • Testwork programs jointly developed, all testwork supervised by RVT • Two-step proc
Slide 15: Vertical Distribution of Vanadium and Calcium in the Orezone
VERTICAL DISTRIBUTION OF VANADIUM AND CALCIUM IN THE OREZONE UPPER (calcitic) orezone LOWER (higher grade) orezone 1 Refer Prospectus dated 14 October 2022 and Supplementary Prospectus 15 Investor Update September 2023| December | ASX:RVT2022 | ASX:RVT dated 21 October 2022 released to ASX on 9 Dece
Slide 16: Pre-Feasibility Study Completed
PRE-FEASIBILITY STUDY COMPLETED1 • Project presents opportunity to develop and produce vanadium concentrate at 1.82% IRR CAPEX 38% • Mining and concentration options known while logistics and available infrastructure provide a positive economic solution NPV • Modest capital costs of A$242.2m (US$176
Slide 17: Investment in Thorion Energy (formerly UPS)
INVESTMENT IN THORION ENERGY (formerly UPS)1 RVT and Thorion have formed a joint alliance to grow vanadium redox flow battery manufacturing inclusive of an offtake arrangement • Formal subscription agreement executed for RVT to invest $3 million into Thorion to acquire 10.94% • Thorion to become pri
Slide 18: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INTEGRATED ESG STRATEGY WITH THE ADOPTION OF GLOBALLY RECOGNISED WORLD ECONOMIC FORUM ESG FRAMEWORK – FIRST REPORT EXPECTED BY Q4 2023 ENVIRONMENT SOCIAL • Adopted the globally recognised World Economic We serve as a catalyst for local economic Forum (WEF) St
Slide 19: Investment Summary
INVESTMENT SUMMARY World Class Located in Qld Promising long-term Critical Mineral Tested metallurgy, Project with access to outlook for – attracts funding proven technology One of the largest infrastructure and Vanadium Queensland Govt Proven metallurgical solution undeveloped oxide government supp
Slide 20: Contact Us
This presentation has been authorised for release by the CONTACT US Board of Richmond Vanadium Technology Limited Jon Price Managing Director T: +61 8 6141 9500 E: info@richmondvanadium.com.au Ben Creagh Media & Investor Relations T: +61 417 464 233 E: benc@nwrcommunications.com.au www.richmondvanad
Slide 21: Appendix 1 - Mineral Resource and Ore Reserve Estimates
APPENDIX 1 - MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 Richmond – Julia Creek Project Richmond – Julia Creek Project Mineral Resource and Contained Metal (at 0.30% V2O5 cut-off) Ore Reserve (Lilyvale Deposit) Tonnage V2O5 V2O5 Tonnage V2O5 V2O5 Deposit Category Category (MT) (%) (MT) (MT) (%) (MT)
Slide 22: Appendix 2 - Summary of Key PFS Outcomes
APPENDIX 2 - SUMMARY OF KEY PFS OUTCOMES1 PFS outcome PFS outcome Sensitivity Analysis Measure US$9.60/lb V2O5 US$9.60/lb PFS outcome PFS outcome PFS outcome (Study Price) Measure V2O5 at US$7.60/lb US$8.60/lb US$10.60/lb Life of Mine (LOM) (Study Price) V2O5 V2O5 V2O5 PFS (Initial 25-year life) (ba
Slide 23: Appendix 3 - Peer Comparison Table
APPENDIX 3 – PEER COMPARISON TABLE Resource Resource Resource Total Resource Concentrate Company Code Project Stage Grade Information Source and Notes Category Tonnes (Mt) (Mt @ V2O5 %) Grade (V2O5 %) Indicated 429.4 0.50 Richmond Richmond – 1,838Mt @ 0.36% Refer Prospectus dated 14 October 2022 and
Slide 24: Bankable Feasibility Study Commenced
BANKABLE FEASIBILITY STUDY COMMENCED STATUS Peter Hedley Draft Terms of Reference for Environmental Impact appointed as Completed Statement (EIS) issued & responses received BFS Project Director Expressions of Interest for role of BFS lead Qualified Chemical Engineer and Completed highly experienced
Slide 25: Board of Directors
BOARD OF DIRECTORS DR SHUANG (SHAUN) REN BRENDON GRYLLS JON PRICE LILY ZHAO NON-EXECUTIVE DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIR MANAGING DIRECTOR TECHNICAL DIRECTOR & CHIEF PROJECT ENGINEER Shaun completed his PhD in Economic Brendon brings extensive relationships and networks at all Jon holds an
Slide 26: Exploration to Mining Lifecycle
EXPLORATION TO MINING LIFECYCLE Find economical amount of a mineral through active • 2,479 drillholes for 294,904m DISCOVERY exploration and understanding the characteristics of the land. (RVT has drilled 333 holes for 8,956m)1 RESOURCE Mineral Resources are the concentration of material of • Cut-of
Slide 27: A Systematic, Stepped Approach
A SYSTEMATIC, STEPPED APPROACH1,2 • RVT earns 25% stake in project • Updated JORC (2012) Mineral • Awarded Coordinated Project Status • 57 holes for 1,139m of drilling completed Resource of 1.8 billion tonnes @ • Updated JORC (2012) Mineral Resource 0.36% V2O5 • Project restructured to 100% RVT owne
Slide 28: Project Impact
PROJECT IMPACT 29% of Australia’s electricity generation came from renewables, and 51% from coal Renewable energy in 20211 has the potential to ~10,000 tonnes of reduce energy costs, vanadium pentoxide improve health (by (V2O5) is required reducing air pollution) for each GWh of and reduce Increasin
Slide 29: Queensland - A Key Critical Mineral Destination
QUEENSLAND – A KEY CRITICAL MINERAL DESTINATION QUEENSLAND GOVERNMENT PROVIDING VALUABLE SUPPORT FOR LOCAL VANADIUM PROJECTS ✓ Queensland is a key player in critical minerals investment and a destination of choice for mining and manufacturing opportunities ✓ Critical minerals will assist Queensland’
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