Vhm Limited · ASX:VHM
Vhm — Investor Presentation (September 2023)
27 slides from Vhm's investor presentation, Sep 29, 2023
Slide 1: Relodged Presentation
29 September 2023 Company Announcements Office ASX Limited PO Box H224 Australia Square SYDNEY NSW 2000 Dear Sir/Madam RELODGED PRESENTATION VHM Ltd (ASX:VHM) advises it retracts the presentation lodged with ASX on 21 September 2023. The reason for the retraction is to delete slide on page 26 with t
Slide 2: VHM Limited
VHM Limited Emerging Tier 1, Australian project with globally significant mineral assemblage September 2023 ASX:VHM Acknowledgement of Country VHM acknowledges the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of the nation and the traditional custodians of the la
Slide 3: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements Important Information Forward looking statements are based on numerous assumptions regarding VHM Limited’s present and future business strategies and the environment in which VHM Limited will operate in the future. Among the important This presentation has b
Slide 4: Contents
Contents 1 Company Overview 2 Goschen Project Highlights 3 Cannie Project 4 Area 4 Orion Strandline Appendix A JORC Tables 3
Slide 5: VHM Limited (ASX:VHM) overview
VHM Limited (ASX:VHM) overview Australian owned rare earths and mineral sands Corporate Snapshot1 mine and processing developer Market Cap GOSCHEN PROJECT Goschen Project 198.7Mt ORE @ 3.7% THM, A$111.70M MRE 629 Mt, 413 Kt TREO, DFS complete Zircon 21.4%, Rutile 9.7%, Share Price Targeting producti
Slide 6: Board and management team
Board and management team Don Runge, BE (Mining), MAusIMM Maree Arnason, BA, FAID Non-Executive Chairman Non-Executive Director (August 2023) • 40+ years’ operational and project experience including industrial minerals where he managed the • 35 years’ experience across the resources, energy and man
Slide 7: Premium Rare Earths and Mineral Sands Projects
Premium Rare Earths and Mineral Sands Projects Located on freehold land in North West Victoria Three distinct Projects have been defined: The flagship, Goschen Project with compelling economics defined by the DFS Refresh1: ▪ NPV of $1.5 billion ▪ IRR of 44% ▪ payback of 2.8 years2 Advanced approvals
Slide 8: Company asset overview
Company asset overview Location of deposits ▪ The Goschen Project is located within Retention Licence (RL) 6806 and Exploration Licence (EL) 6419 in north west Victoria • 280km north west of Melbourne • 30km south west of Swan Hill • 4km east of Lalbert ▪ The different project areas • Area 1 • Area
Slide 9: Global energy transition targets
Global energy transition targets The catalyst driving demand for rare earth elements and commercialisation of Australia’s critical minerals 87% of Goschen basket value is derived from the critical rare earths crucial for electric vehicles and the green energy transition1. Notes: (1) Rare Earth Marke
Slide 10: Goschen Project
Goschen Project VHM’s near-term rare earths and mineral sands project
Slide 11: Development plan and offtake strategy considerations
Development plan and offtake strategy considerations VHM seeks to achieve the ultimate objective of its offtake strategy by aligning with its phased production development Near-term Mid-term Long-term Secure additional offtake Expand offtake into Asian, Complete phased production partner who can off
Slide 12: Goschen Project overview
Goschen Project overview Phase 1 and Phase 1A (Hydromet Circuit) process flowsheet Phase 1 ▪ High recoveries likely at Goschen Mine: Continuous improvements achieved through testwork has delivered high recoveries of valuable rare earth, zircon and titanium products. ▪ Final products: Zircon and tita
Slide 13: Goschen Hydromet Pilot Plant test results
Goschen Hydromet Pilot Plant test results Exceptional recoveries meet specifications required by Western strategic offtake partners ▪ Market leading recoveries achieved by ANSTO Pilot Hydromet Plant producing a high purity mixed rare earth carbonate (MREC) product ▪ >97% critical light rare earths N
Slide 14: Goschen Project highlights
Goschen Project highlights The DFS Refresh1 demonstrates the Goschen Project economics to be compelling 5Mtpa 9.4ktpa >20 years REMC Conventional open cut Target annual production rates for mining methods rare earth mineral concentrate excavation, load and haul 8.5ktpa 134.5ktpa MREC HMC Target annu
Slide 15: Goschen Project permitting and approval pathway
Goschen Project permitting and approval pathway Planning Approvals & Construction Operation Closure 2018 – 2020 2021 – 2022 2023 2024 2024– 2026 2026 – 2044 2045 ▪ Continue studies ▪ Prepare EES ▪ EES Inquiry & Advisory ▪ Production ▪ Phase 1A ▪ End of mining ▪ Feasibility studies ▪ Preliminary to i
Slide 16: Cannie Project
Cannie Project Impact of the new Cannie Mineral Resource
Slide 17: A major critical mineral inventory of a global scale is in the making
A major critical mineral inventory of a global scale is in the making With the discovery of the Cannie and Nowie Projects1 the Company confirms a major new critical minerals province centred on top and west of the Lake Boga granite. A significant Critical Minerals inventory that has the potential to
Slide 18: VHM Limited geological overview
VHM Limited geological overview Confirming a major new critical minerals province in Victoria1 The addition of Cannie Project maiden Mineral Resource estimate raises total Company Mineral Inventory to: 43% 39% 95% 51% 590 Kt 5.1 Mt 2.9 Mt 2.7 Mt TREO +Y2O3 Zircon Leucoxene Rutile Total Company Total
Slide 19: Area 4 Orion Strandline
Area 4 Orion Strand Ne lin
Slide 20: Area 4 Orion Strandline
Area 4 Orion Strandline Maiden Probable Ore Reserve (September 2023) 11.5 million tonnes (Mt) @ 5.6% THM1. Within this Ore Reserve a high-grade minable horizon of 2.6 Mt @ 9.6% THM exists at the top of the ore body, including: ▪ 245,500 tonnes of mineable THM ▪ 67,700 tonnes of zircon at an in-situ
Slide 21: Area 4 Orion Strandline
Area 4 Orion Strandline ▪ Sand hosted REM +HMS 100m ▪ 6.5m to the top of mineralisation ▪ Zone 5 is 4.5m thick ▪ Zone 4 is 4.5m thick 6.5m ▪ Metallurgy results demonstrate higher grade ▪ Mineral Resource complete 20
Slide 22: Area 4 Orion Strandline
Area 4 Orion Strandline Mineral Resource understated vs 2023 Metallurgy Testwork ▪ A 1600kg ROM sample was used to conduct a variability study on zones 2, 3, 4, and 5 in Area 41. ▪ Metallurgy results confirm higher grades than forecast by Mineral Resource and Ore Reserve. ▪ 7.5% higher grade in uppe
Slide 23: High-grade strandlines opportunity
High-grade strandlines opportunity ▪ 21 strandlines identified by processing historic data. ▪ Cygnus strandline 7km east of Goschen Project has returned from VHM drilling very high-grade, 6m below surface 2m >60%THM containing 2.9% in-situ zircon + titanium dioxide and rare earth minerals. ▪ Nowie d
Slide 24: APPENDIX A JORC Tables
APPENDIX A __..JORC Tables We ws ‘
Slide 25: Company Ore Reserves
Company Ore Reserves 210Mt Ore Reserve Note: The Ore Reserve was disclosed under the JORC Code (2012) in the Company ASX announcement published 18 September 2023. 24
Slide 26: Company Mineral Resources
Company Mineral Resources 820Mt Mineral Resource estimate Total Heavy Oversize THM Assemblage(3) Rare Earth Oxides Mineral Material In Situ THM Bulk Density Mineral Slimes material Area Resource TREO + (THM) >2mm Zircon Rutile Leucoxene Ilmenite Monazite Xenotime La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3
Slide 27: vhmltd.com.au
vhmltd.com.au Level 11, 330 Collins Street, Victoria 3000 For further information contact: Graham Howard Managing Director graham.howard@vhmltd.com.au Carly O’Regan Executive General Manager carly.oregan@vhmltd.com.au