Vhm Limited · ASX:VHM
Vhm — Investor Presentation (May 2023)
26 slides from Vhm's investor presentation, May 2023
Slide 1: Discovering Australia’s Next Major Rare Earth Deposit
Discovering Australia’s Next Major Rare Earth Deposit VHM’s Exploration and Growth Story May 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 lands where
Slide 2: 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 3: VHM Limited (ASX:VHM) overview
VHM Limited (ASX:VHM) overview Corporate snapshot1 Owns 100% of the World Class Goschen Rare Earth and Mineral Sands Project and Cannie and Nowie Projects. Listed in January 2023 (ASX:VHM) Near term producer Phase 1 at detailed engineering design2 and pilot scale testwork commenced at ANSTO for Issu
Slide 4: VHM Limited geological overview
VHM Limited geological overview A major critical mineral inventory of a global scale is in the making at VHM With the Goschen, Cannie, and Nowie Projects, VHM has the potential to accumulate one of the world's largest critical mineral inventories1. Victoria 4 Note: (1) See Appendix 5, Mineral Resour
Slide 5: Rare Earths
RARE EARTHS Critical elements for decarbonising the economy and taking care of our planet
Slide 6: 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 required for electric vehicles1. Nd, Pr, Dy, Tb, Zr and Ti are all identified on the Austra
Slide 7: Supply and demand
Supply and demand Forecasted global production – demand balance for rare earth oxides used in permanent magnets 7
Slide 8: Price forecast for rare earths
Price forecast for rare earths Strong pricing anticipated for Goschen’s rare earth products1 Rare Earth Mineral Concentrate Price Outlook The REMC from Goschen (61.4 wt. % TREO) will have a value of $10.16 to $12.15 per kilogram of concentrate in 2023 and will increase overall to $18.35 to $23.03 pe
Slide 9: Goschen Project
GOSCHEN PROJECT VHM’s near-term Rare Earths and Mineral Sands Project
Slide 10: 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 (REMC) haul 8.5ktpa 134.5ktpa MREC HMC Targ
Slide 11: Approvals and permitting
Approvals and permitting AECOM appointed for their permitting expertise and credentials 2021 2022 2023 2024 Re-submission of referral based on reduced mining area footprint Work Plan and of EPBC Act and EE Act Public Review of secondary approvals Referrals EES assessed Re-Scoping Preparation of EES,
Slide 12: Project benefits
Project benefits The Goschen Project will make a significant contribution to the local and state economy Project construction to the and ongoing operations expected to add $ 2.0 billion Loddon-Mallee economy 1+2 Every direct mining job creates The Project will increase mining output in the Loddon-Ma
Slide 13: Project benefits
Project benefits VHM is focused on making a positive impact on the local communities in the region ▪ Promote education and training pathways ▪ Invest in communications infrastructure ▪ Leverage existing rail network ▪ Upgrade primary roads 13
Slide 14: Accelerating towards production in 2025
Accelerating towards production in 2025 Detailed engineering design (Phase 1) Construction Pilot testwork Engineering Study commences on FEED commences Hydromet Circuit commences Hydromet Circuit on Phase 1A (Phase 1A) (Phase 1A) Approvals Goschen (Phase 1A) Public exhibition (Phase 1 and 1A) Constr
Slide 15: Cannie Project
CANNIE PROJECT Impact of the new Cannie Critical Mineral Resource
Slide 16: VHM Limited geological overview
VHM Limited geological overview A major critical mineral inventory of a global scale is in the making at VHM With the discovery of the Cannie and Nowie Prospects1 the Company confirms a major new critical minerals province centred on top and west of the Lake Boga granite. A significant Critical Mine
Slide 17: Cannie drilling defines a new 192Mt Mineral Resource
VHM Limited geological overview Cannie drilling defines a new 192Mt Mineral Resource ▪ Company completed 142 drill holes totaling 5,482m. ▪ A total of 38 drill holes were used for the Cannie Inferred Mineral Resource estimate. ▪ Down hole geophysics and assays confirm spatial continuity across strik
Slide 18: VHM’s world class Critical Minerals Projects
VHM’s world class Critical Minerals Projects Located in Victoria’s premier minerals province May 2023 Goschen Cannie Project underpins significant uplift in rare earth mineral inventory1. 590 Kt TREO +Y2O3 43% Total Rare Earth Oxides Measured, Indicated and Inferred Further Resource programs in 2023
Slide 19: Cannie Project provides a significant uplift in mineral inventory
VHM’s world class Critical Minerals Projects Cannie Project provides a significant uplift in the Company’s mineral inventory1 5.1 Mt 2.9 Mt 2.7 Mt Zircon Leucoxene Rutile 39% 95% 51% Total Company Zircon Inventory in Mt Total Company Leucoxene Inventory in Mt Total Company Rutile Inventory in Mt Cur
Slide 20: Future Work
FUTURE WORK Mineral Resource definition and progression of Goschen to Final Investment Decision
Slide 21: Future Mineral Resource definition
Future Mineral Resource definition Focus on expansion of North-West Victoria Critical Mineral Province ▪ Q2 2023 Area 2 East Mineral Resource update ▪ Q2 2023 Maiden Nowie Mineral Resource ▪ H2 2023 Cannie Mineral Resource update ▪ H2 2023 Ore Reserve update ▪ H2 2023 Nowie Mineral Resource update ▪
Slide 22: Upcoming milestones
Upcoming milestones Detailed engineering for development and implementation planning and execution (Phase 1). Pilot scale testwork at ANSTO for Phase 1A and advancement of engineering study and FEED. EES decision on primary approvals and enabling grant of Mining Licence in H2 2023. Offtake VHM are c
Slide 23: Appendix
APPENDIX JORC Mineral Resource estimate and Exploration Target
Slide 24: 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 25: Exploration Target
Exploration Target 2-4Bt Exploration Target1 Tonnage THM grade In situ THM Low Case Upper Case Low Case Upper Case Low Case Upper Case 2,622 Mt 4,071 Mt 2.05% 2.16% 54 Mt 88 Mt In situ THM Zircon grade In situ zircon Low Case Upper Case Low Case Upper Case Low Case Upper Case 54 Mt 88 Mt 5.31% 6.03%
Slide 26: vhmltd.com.au
vhmltd.com.au Suite 8, 110 Hay Street Subiaco WA 6008 For further information contact: Graham Howard Managing Director graham.howard@vhmltd.com.au Carly O’Regan Executive General Manager carly.oregan@vhmltd.com.au