Richmond Vanadium Technology Pty Ltd. · ASX:RVT
Richmond Vanadium Technology Pty — Investor Presentation (January 2023)
22 slides from Richmond Vanadium Technology Pty's investor presentation, Jan 25, 2023
Slide 1: Powering the Future
POWERING THE FUTURE For personal use only ASX : RVT Investor Update | December 2022 | ASX:RVT INVESTOR PRESENTATION JANUARY 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 For personal use only These presentation materials and the accompanying verbal presentation (together, the Presentati
Slide 3: Board of Directors
BOARD OF DIRECTORS JON PRICE DR SHUANG (SHAUN) REN BRENDON GRYLLS For personal use only NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR NON-EXECUTIVE CHAIR Jon has over 30 years’ experience in Australia and Shaun completed his PhD in Economic Geology at the Brendon brings extensive relationships and overse
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only RVT $23.4m $66.55m 221.8m 13.1m 2.5m ASX Code Cash Market Cap Shares Options Performance (as at 31/12/2022) (as at 25/1/2023) on Issue on Issue1 Rights2 Board and Management Top 10 Shareholders Brendon Grylls Independent Non-Executive Chair Central Alliance I
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only World Class Located in Queensland Promising long-term Critical Mineral Project with good access to outlook for Vanadium – attracts funding One of the largest undeveloped oxide infrastructure Vanadium poised to play a pivotal role in Queensland Government v
Slide 6: Why Vanadium
WHY VANADIUM For personal use only Critical Mineral Projected vanadium consumption by end-use • Listed by the Australian and US Government’s as a “Critical Mineral” (excluding steel) 1 • China, Russia and South Africa currently account for almost all worldwide production • Australia’s Vanadium resou
Slide 7: Vanadium Redox Flow Batteries (VRFBs)
VANADIUM REDOX FLOW BATTERIES (VRFBs) • Adoptable energy storage system ideal for residential and commercial applications For personal use only • Megawatt capacities for the power grid and standalone storage systems for solar and wind farm installation • Non-flammable compared with lithium batteries
Slide 8: Global Primary Mineral Resources
GLOBAL PRIMARY MINERAL RESOURCES Resource Tonnes Resource Grade Concentrate Grade For personal use only 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
Slide 9: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE We aim to serve as a catalyst for local economic development through transparent For personal use only and respectful engagement, and as responsible stewards of the environment ENVIRONMENT SOCIAL • Epic Environmental Pty Ltd was commissioned • Use of local business
Slide 10: Project Details
For personal use only PROJECT DETAILS Investor Update | December 2022 | ASX:RVT
Slide 11: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW Location For personal use only • Located in mining friendly jurisdiction of North Queensland • Close to existing infrastructure including gas pipeline, proposed Copper String 2.0 HV network line, Flinders Highway and Great Northern railway linked to Townsville Port
Slide 12: Lilyvale Deposit
LILYVALE DEPOSIT For personal use only • Located 45km north-west of the Richmond township, in close proximity to the Flinders Highway and Great Northern railway • Indicated plus Inferred Mineral Resource of 560Mt @ 0.48% V2O51 • Mineralisation is associated with the Toolebuc geological formation at
Slide 13: Lilyvale Deposit Ore Reserve
LILYVALE DEPOSIT ORE RESERVE1 • Maiden open pit Ore Reserve at the Lilyvale Deposit of: For personal use only 459.2Mt @ 0.49% for 2.25Mt V2O5 • Two pits designed over the Lilyvale Deposit Indicated Mineral Resource: – LOM (Life of Mine) pit hosting Probable Reserves; and – Starter pit focussed on th
Slide 14: Proven Metallurgical Results
PROVEN METALLURGICAL RESULTS 1 For personal use only • Project is a large, low grade, high calcite content resource • RVT’s process flowsheet uses proven conventional technology • 1.2 tonnes of vanadium samples sent to two research institutes • Testwork programs jointly developed, with all testwork
Slide 15: Pre-Feasibility Study
PRE-FEASIBILITY STUDY1 IRR CAPEX 38% For personal use only • Indicates project presents an opportunity to develop and produce a vanadium concentrate at 1.82% NPV A$613M • Mining and concentration options are known while logistics and available A$242M infrastructure provide a positive economic soluti
Slide 16: Summary of Key PFS Outcomes
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 Measure For personal use only (Study Price) 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
Slide 17: Comparison of Estimated Production Cost Breakdown
COMPARISON OF ESTIMATED PRODUCTION COST BREAKDOWN Soft Oxide vs Titanomagnetite Vanadium Deposits Concentrating Refining For personal use only to minimum 98% to meet vanadium flake standard TITANOMAGNETITE VANADIUM DEPOSIT Drill & Blast Mining Milling Concentrating Roasting Leaching Purifying ≈10% ≈
Slide 18: Mine to Metal to Battery
MINE TO METAL TO BATTERY An economic analysis for beneficiation to a concentrate in Australia, and a comparison of refining offshore in China or onshore in Australia was carried out as part of the PFS. The PFS recommended that refining to produce V2O5 flake be carried out offshore due to lower capit
Slide 19: Investment in Ultra Power Systems
INVESTMENT IN ULTRA POWER SYSTEMS1 RVT has entered into a Binding Term Sheet to invest $3.0 million into Ultra Power Systems For personal use only • Binding Term Sheet signed 5 August 2022 to invest $3M into Ultra Power Systems Pty Ltd (Ultra) • Ultra will purchase vanadium pentoxide flake from RVT
Slide 20: Contact Us
CONTACT US This presentation has been authorised for release by the Board of Richmond Vanadium Technology Limited For personal use only Dr Shuang (Shaun) Ren Managing Director T: +61 8 6141 9500 E: info@richmondvanadium.com.au Jon Price Non-Executive Director T: +61 8 6141 9500 E: info@richmondvanad
Slide 21: Appendix – Mineral Resource and Ore Reserve Estimates
APPENDIX 1 – MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 For personal use only 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)
Slide 22: Appendix – Peer Comparison Table
APPENDIX 2 – 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 – Julia 1,838Mt @ 0.36% Refer Prospectus dated 14 October 20
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