Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Australian Institute of Geoscientists' Battery & Strategic Metals seminar (November 2018)
36 slides from Australian Vanadium's conference presentation, November 2018
Slide 1: The Gabanintha Vanadium Deposit
The Gabanintha Vanadium Deposit Vincent Algar Managing Director
Slide 2: Disclaimer
Disclaimer The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Comment It is common practice for a com
Slide 3: AVL is a vanadium focused company
AVL is a vanadium focused company • Vanadium focused ASX listed company • Actively evaluating the magmatic titaniferous vanadium iron project at Gabanintha in Western Australia • Significant project with high-grade Measured, Indicated and Inferred vanadium resources hosted in magnetite bearing rocks
Slide 4: Integrated Strategy
Integrated Strategy Diversified Action to Maximise Opportunity 4
Slide 5: Corporate Snapshot (ASX:AVL)
Corporate Snapshot (ASX:AVL) Continuous Listing on ASX since February 2007 Key Statistics (as at 10-11-17) Ordinary shares on issue 1,383m Options on issue (ex at 1.47c expire 141.9m Dec 2017) AVL Share Price History Listed Options (ex at 2.c exp Dec $0.025 60,000,000 310.8m* 2018) AVLO Share price
Slide 6: Vanadium Markets: Steel
4 Australian LIMITED Vanadium Markets: Steel
Slide 7: Vanadium Applications
Vanadium Applications Uses, Production and Price • Steel Strengthening Alloys - Vcont 0.25%-1.5% • Lighter weight & stronger cast VANADIUM USE BY SECTOR • Re-bar: concrete tensile strength Steel Titanium Chemicals & Energy • Hand tools: Fe-Cr-V • Titanium Alloys - Vcont 4% 4% 4% • Strength, corrosio
Slide 8: Vanadium Markets - Overview
V Vanadium Markets - Overview Global inventory levels are decreasing as evidenced by rising prices over the past three years. » Ferrovanadium prices in China have risen to about $60 per kilogram and to about $43 per kilogram in Europe » Vanadium pentoxide prices have risen to $9.50¹ » Vanadium price
Slide 9: Vanadium Markets - Overview
Vanadium Markets - Overview In 2017 (based on first half actual results annualized) vanadium consumption will exceed production by more than 8,000 MTV, or 10% of the market. 9
Slide 10: Globally Significant Project
Globally Significant Project Gabanintha Vanadium Project in Western Australia 10
Slide 11: Gabanintha Vanadium Project
Gabanintha Vanadium Project One of the mafic intrusions in the Vanadium triangle of Western Australia A Bushveld Complex sized area hosting over 500 Million tons of vanadium resources 11
Slide 12: Gabanintha Vanadium Project
Gabanintha Vanadium Project Deposit identified over 11km drilled strike length. Good access to infrastructure. 12
Slide 13: Global Player
Global Player Gabanintha Project is significant development project on a global scale in grade and size 13
Slide 14: Vanadium Peer Comparison
Vanadium Peer Comparison Gabanintha a globally significant deposit on grade and tonnage basis 14
Slide 15: Gabanintha Vanadium Project
Gabanintha Vanadium Project Unique resource in favourable mining jurisdiction - Murchison, Western Australia » Lady Alma Complex (2821 Ma) is one of the structurally dismembered layered mafic intrusions in the Yilgarn Province » Discordant features and geochemical fractionation trends indicate multi
Slide 16: Vanadium Mineralisation
Vanadium Mineralisation Strong similarities to Bushveld V- Magnetites » Mineralisation in alternating layers of magnetite-rich gabbros with leuconorite or anorthosite . The sequence is everywhere underlain by a massive magnetite layer, containing over 1% V2O5, and containing corresponding high iron
Slide 17: Gabanintha
Gabanintha Strong and consistent magnetic signature supported by drilling confirming strike orientation, continuity and fault structures. Enables high quality modelling 17
Slide 18: Gabanintha Vanadium Project
Gabanintha Vanadium Project Discrete high-grade zone, simple geometry, suitable for open pit mining 18
Slide 19: Gabanintha Vanadium Project
Gabanintha Vanadium Project Well developed minerlalised and unmineralised zones corresponding with lithology 19
Slide 20: Gabanintha outcropping massive magnetite horizon
Gabanintha outcropping massive magnetite horizon Leapfrog Geo vein modelling tools used to create geological model. 24 fault Blocks and up to 9 horizons. Grade estimation in Surpac. 20
Slide 21: Vanadium Resource
Vanadium Resource Large high-grade resource JORC Million Material Resource V2O5 % Fe% TiO2 % SiO2 % Al2O3 % LOI% Tonnes Class High grade Measured 10.2 1.06 41.6 12.0 11.6 8.6 4.2 Indicated 4.8 1.04 41.9 11.5 12.0 8.0 3.6 Inferred 77.8 0.94 41.2 10.7 12.7 7.9 3.3 Subtotal High Grade 92.8 0.96 41.3 10
Slide 22: Metallurgical Test Work
Metallurgical Test Work Prior studies support further work • High recovery rates from all ore types, including oxidised materials • Strong recoveries achieved from coarse grind sizes, scope to maintain low operating costs • Concentrate grades up to 1.5% V2O5 achieved from high grade ores • High vana
Slide 23: Metallurgical work to focus on key drivers
Metallurgical work to focus on key drivers Definitive work underway to advance towards development decision • Key drivers have been identified to ensure project success • Mining cost • Stripping ratio • Vanadium ore feed grade to CMB plant • Water availability, consumption and recovery • Mass yield
Slide 24: Gabanintha Concept Study
Gabanintha Concept Study Proposed Process Flowsheet 24
Slide 25: Vanadium Markets: Energy Storage
Vanadium Markets: Energy Storage 25
Slide 26: Vanadium Consumption in VRFB
Vanadium Consumption in VRFB Vanadium consumption in Energy Storage creates potential market shift 26
Slide 27: V-electrolyte & VRFBs
V-electrolyte & VRFBs VRFBs designed around the electrolyte » 1970s first flow battery Fe-Cr » 1980s vanadium redox flow battery (VRFB): One-element only many benefits › V able to maintain 4 oxidation states in solution › No impurities – ore/process dependent » Vanadium electrolyte = energy store =
Slide 28: Redox
Redox Equations Governing VRFB Two Liquid phase reversible reactions: 𝑽𝟐+ ↔ 𝑽𝟑+ + 𝒆− 𝐸 𝑜 = 0.26 𝑉 𝑽𝑶𝟐 + + 𝟐𝑯+ + 𝒆− ↔ 𝑽𝑶 𝟐+ + 𝑯𝟐 𝑶 𝐸𝑜 = 1 𝑉 Adding anolyte & catholyte voltages gives OCV • Open Cell Voltage (OCV) for VRB is 0.26V + 1V = 1.26V ORP: <<0mV <200mV ~600mV +1000mV…
Slide 29: Flow Battery Installation Completed
Flow Battery Installation Completed Rural site benefitting from Solar PV plus CellCube to shift to 90% renewable energy self consumption. First opening into large Australian market. 29
Slide 30: Vanadium in Energy Storage
Vanadium in Energy Storage Defining the space for flow battery technology » Vanadium Redox Flow Batteries provide a unique ability to significantly time-shift very large amounts of previously generated energy (ideal for renewable energy capture and despatch). Source: GILDEMEISTER Energy Storage 30
Slide 31: Comparison: Li-ion & VRFB
Comparison: Li-ion & VRFB Capacity degradation as a function of usage Li 1 NCA NiCoAl Li 2 NCM NiCoMn Li 3 LFP LiFeP Li 4 LMO LiMnOx Li 5 LTO LiTiOx 31
Slide 32: Vanadium vs Lithium: Key Comparisons
Vanadium vs Lithium: Key Comparisons 32
Slide 33: Redox Battery Market Beckons in Australia
Redox Battery Market Beckons in Australia Can the VRFB be the ultimate grid energy storage solution for Australia? » Rising power costs: VRFBs can reduce power bills by peak/off-peak shifting and demand management » Australia has world’s most extended networks: many fringe-of-grid and off-grid oppor
Slide 34: Australian Vanadium:
Australian Vanadium: An active company advancing a unique integration strategy focused on vanadium Highlights » High quality, high tonnage Gabanintha resource moving towards project development. » Previous concept engineering studies support project advancement. Key processing studies underway. » Ta
Slide 35: References - Geology
References - Geology • T. J. Ivanic , M. T. D. Wingate , C. L. Kirkland , M. J. Van Kranendonk & S. Wyche (2010), Age and significance of voluminous mafic–ultramafic magmatic events in the Murchison Domain, Yilgarn Craton, Australian Journal of Earth Sciences: An International Geoscience Journal of
Slide 36: Vincent Algar, Managing Director
Vincent Algar, Managing Director Telephone: +61 (8) 9321 5594 Email: info@australianvanadium.com.au Website: australianvanadium.com.au Office Location: Level 1, 85 Havelock Street, West Perth Western Australia 6005 Social media: 36