Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Resources Rising Stars 2017
42 slides from Australian Vanadium's conference presentation, November 2018
Slide 1: Investing in the energy storage future
Investing in the energy storage future Resources Rising Stars 2017 Vincent Algar Managing Director 1
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 an integrated Battery Metals Company
AVL is an integrated Battery Metals Company • Battery metals company listed on ASX • Active evaluation of a new, long-life vanadium project (Gabanintha) in Western Australia • Significant project with large, high-grade Measured, Indicated and Inferred resources • Gabanintha cobalt by-product opportu
Slide 4: Corporate Snapshot (ASX:AVL)
Corporate Snapshot (ASX:AVL) Continuous Listing on ASX since February 2007 Key Statistics (as at 25-05-17) Ordinary shares on issue 1,215m Options on issue (ex at 1.47c expire Dec 2017) 142.9m AVL Share Price History $0.030 80,000,000 Listed Options (ex at 2.c exp 235.8m Dec 2018) AVLO 70,000,000 Sh
Slide 5: AVL Vertical Integration Strategy
AVL Vertical Integration Strategy 5
Slide 6: AVL part of Australian CleanTech Index
AVL part of Australian CleanTech Index “The Australian CleanTech Index provides a measure of the performance of the Australian listed stocks in the Cleantech sector. With over 60 companies falling under the coverage of the index and with a combined market capitalisation of over $18Bn”* * http://www.
Slide 7: Vanadium Markets Steel and Energy Storage
Vanadium Markets Steel and Energy Storage 7
Slide 8: Vanadium in Energy Storage
Vanadium in Energy Storage “Energy storage has the potential to transform our entire energy system.” - Clean Energy Australia 8
Slide 9: Vanadium Markets - Steel
Vanadium Markets - Steel Demand for vanadium continues to grow, with steel remaining a price driver. • Steel - 92% of vanadium consumption • 0.2% vanadium added to steel increases strength and reduces weight up to 30% • Demand for use in rebar continues to increase at 6% annually (TTP Squared) • New
Slide 10: Vanadium Markets - Overview
V Vanadium Markets - Overview Rising prices give immediate improvement to Gabanintha Project economics due to its higher resource grades 140,000 120,000 tonnes of Vanadium/yr 100,000 80,000 60,000 40,000 Graph data source: Vanitec ESC 20,000 0 2012 2015 2011 2013 2014 F2016 F2017 F2018 F2019 F2020 S
Slide 11: Vanadium Markets - Overview
V Vanadium Markets - Overview Ferro Vanadium Price over past 6 months - Ferro Vanadium is leading price marker for Vanadium supply and demand 11
Slide 12: Globally Significant Project
Globally Significant Project Gabanintha Vanadium Project in Western Australia 12
Slide 13: Global Player
Global Player Gabanintha project is a 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 High grade resource in favourable mining jurisdiction in Murchison of WA » One of the highest-grade open pit vanadium deposits currently being advanced globally; » Measured Resource of 7Mt, Indicated Resource of 17.8Mt and Inferred Resources of 66.7Mt, a total of 91.4Mt,
Slide 16: Gabanintha Vanadium Project
Gabanintha Vanadium Project Drilling review adds new cobalt opportunity – Critical Battery metal » Significant cobalt mineralisation identified in review of the Gabanintha data » 1,270 samples report above 200ppm Co, at an average of 275ppm Co » Maximum assay of 0.18% (1828ppm) Co recorded in GRC102
Slide 17: Gabanintha Vanadium Project
Gabanintha Vanadium Project Discrete high-grade zone, simple geometry, suitable for open pit mining 17
Slide 18: Vanadium Resource
Vanadium Resource Large high-grade resource JORC Million In situ bulk Material Resource V2O5 % Fe% TiO2 % SiO2 % Al2O3 % LOI% Tonnes density Class High grade Measured 7.0 3.73 1.09 43 12 10 8 3.4 Indicated 4.3 3.29 1.07 41 12 12 9 4.6 Inferred 45.5 3.67 0.97 42 11 12 8 2.8 Subtotal High Grade 56.8 3
Slide 19: Gabanintha Vanadium Project
Gabanintha Vanadium Project First pass internal optimisation shows significant potential 19
Slide 20: Gabanintha Vanadium Project
Gabanintha Vanadium Project Updated Concept Engineering Study CONCEPT STUDY PARAMETERS – CAUTIONARY STATEMENT The Concept Study in this presentation (nominal +/- 50% accuracy) is based on low-level technical and economic assessments, and is insufficient to support estimation of Ore Reserves or to pr
Slide 21: Gabanintha Concept Study
Gabanintha Concept Study Updated Concept Engineering Study supports move forward Results of study have satisfied the Board to advance the Project with further key studies. • New metallurgical beneficiation test work underway – focus on Fe-V-Si concentrate optimisation • Resource update near completi
Slide 22: Gabanintha Concept Study
Gabanintha Concept Study Proposed Process Flowsheet 22
Slide 23: Vanadium Electrolyte
Vanadium Electrolyte Integration from vanadium resources directly to energy storage products 23
Slide 24: Value Addition in V-electrolyte
Value Addition in V-electrolyte Vanadium electrolyte production at the source de-risks and adds options • Vanadium electrolyte is battery “fuel” • Mild acid solution of V2O5 with all oxidation states available for electron transfer • Can be produced in stand-alone plant or as part of mine process •
Slide 25: Vanadium in Energy Storage
Vanadium in Energy Storage 25
Slide 26: Vanadium in Energy Storage
Vanadium in Energy Storage Unique characteristics of Vanadium Redox Batteries (VRBs) • VRBs provide a way to store and re-supply renewable energy. Ideal for large-scale energy storage applications, unlocking the full potential of renewables while maintaining grid security. VRBs have unique advantage
Slide 27: Vanadium in Energy Storage
Vanadium in Energy Storage Defining the space for flow battery technology Vanadium Flow Batteries are Energy Storage devices 27
Slide 28: Vanadium in Energy Storage
Vanadium in Energy Storage Maintaining performance levels over time – no need to oversize to compensate for inherent battery degradation of other systems 28
Slide 29: Vanadium vs Lithium: Key Comparisons
Vanadium vs Lithium: Key Comparisons Vanadium Flow Battery Lithium (Li-ion) Energy Battery – store large amounts of energy for Power Battery – ideal for shorter term high power later use application Energy stored in electrolyte tanks All energy stored in cell Stable – non-flammable Flammable (prone
Slide 30: Redox Battery Market Beckons in Australia
Redox Battery Market Beckons in Australia Can the VRB be the ultimate grid energy storage solution for Australia? » Rising power costs: VRBs 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 opportu
Slide 31: Residential VRB
Residential VRB • VSUN Energy has been approached by more than 100 people seeking a residential VRB. • The VRB offers a large amount of energy storage, providing a home’s real energy requirements during the evening, night and early morning. • Individual confidence in energy storage at home should tr
Slide 32: First CellCube Installation Completed
First CellCube Installation Completed Rural site benefitting from solar PV plus CellCube has shifted to 100% renewable energy self consumption. First opening into large Australian market. 32
Slide 33: Key Partnerships in Place to Grow Strategy
Key Partnerships in Place to Grow Strategy AVL is on track to achieving vanadium storage market objectives with excellent market and technology companies 33
Slide 34: Lithium-Tantalum Project
Lithium-Tantalum Project New project to add diversity to AVL and extend battery metal focus 34
Slide 35: Blesberg Lithium-Tantalum Project Acquisition
Blesberg Lithium-Tantalum Project Acquisition AVL broadens its focus on energy storage minerals • AVL has secured option to acquire a minimum 50.03% interest in the Blesberg Lithium-Tantalum Project in South Africa. Interest in the project may be increased to 74%. • Project acquisition includes the
Slide 36: The Blesberg Project
The Blesberg Project AVL broadens its focus on energy storage minerals 36
Slide 37: The Blesberg Project
The Blesberg Project Significant Exploration Upside – Pegmatite extensions identified over 3km strike – no modern exploration outside historical excavation 37
Slide 38: The Blesberg Project
The Blesberg Project 4,000m RC and 500m Diamond drill program currently underway 38
Slide 39: AVL project Timelines
AVL project Timelines Studies and Exploration to advance Lithium and Vanadium Projects in 2017 PROJECT DESCRIPTION May Jun July Aug Sep Oct Nov Dec 17 17 17 17 17 17 17 17 Gabanintha Vanadium Project Resource Update Mine Design Metallurgical Test Program Water Supply & Hydrology Studies Environmenta
Slide 40: Australian Vanadium summary
Australian Vanadium summary An active company advancing a unique integration strategy focused on energy storage metals Highlights • Quality, grade and tonnage of Gabanintha resource moving towards project development. • Detailed concept engineering study shows outstanding results to support project
Slide 41: Bryah Resources Ltd
Bryah Resources Ltd Current copper and gold IPO • Bryah Resources is an exploration company focussing on discovery of copper and gold deposits • AVL is a vendor of precious and base metal rights to the Bryah Resources IPO, currently underway • Bryah holds the rights to approximately 500km2 within th
Slide 42: 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: 42