Qem Limited · ASX:QEM
Qem — AusIMM Critical Minerals Conference 2024
31 slides from Qem's conference presentation, Aug 27, 2024
Slide 1: Advancing the Julia Creek Project
For personal use only Advancing the Julia Creek Project ASX : QEM AusIMM Critical Minerals Conference in Brisbane, August 2024 “We would like to acknowledge the Wunumara people as Traditional Owners and their custodianship of the lands on which QEM operates its Julia Creek Project. We pay our respec
Slide 2: Disclaimer
Disclaimer qldem.com.au Disclaimer To the maximum extent permitted by law, QEM and its directors, employees, agents, advisers and consultants: QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this • give no representation or warranty, express or implied, to a recipient presentation.
Slide 3: Disclaimer: Scoping Study Cautionary Statement
Disclaimer qldem.com.au Refer to QEM Limited ASX announcement 27 August 2024 for full details of the Julia Creek Project Scoping Study (including all relevant material assumptions). QEM confirms that it is not aware of any new information or data that materially affects the information included in t
Slide 4: Focused on exploration and development of the Julia Creek Project
qldem.com.au For personal use only QEM Limited is focused on the exploration Personal Use Only and development of the Julia Creek Project, a unique world class critical minerals and oil shale resource. 4
Slide 5: Julia Creek Project
qldem.com.au Julia Creek Project QEM seeks to develop a World-Class V Vanadium and Oil Shale Project Multi Commodity Sovereign Supply For personal use only Vanadium Fuel Security Transport Fuel High Purity V2O5 Unique Process Globally Significant Personal Use Only Renewable Power Vanadium Resource G
Slide 6: Located in a Tier 1 mining jurisdiction
qldem.com.au For personal use only Located in a Tier 1 mining jurisdiction, QEM aims to develop Australia’s Critical Minerals Resources in Queensland’s North West Minerals Province. Personal Use Only 6
Slide 7: Julia Creek Project
Julia Creek Project qldem.com.au 4 EPM’s covering 250km2 in Queensland’s NWMP. Well located on major infrastructure corridor, including Copperstring access. For personal use only Qu eensland Indicated 7 Inferred Brisbane Inferred Personal Use Only Source: QEM Scoping Study ASX Announcement, 27 Augus
Slide 8: 2024 Update - JORC and SPE-PRMS Resources
2024 Update - JORC and SPE-PRMS Resources qldem.com.au One of the world’s largest single vanadium resources with significant oil resource. Vanadium V Oil Resource Resource Maiden 1C resource of 6.3 For personal use only MMBBL’s Indicated JORC Resource increased by 28% to 461Mt V205 ie. half of 2,870
Slide 9: 2024 Scoping Study Highlights
qldem.com.au 2024 Scoping Study Highlights Post - Tax IRR: Payback Pre - production NPV (8%): Period: CAPEX For personal use only AUD 1,106M 16.3% 5 Years AUD 791M Life of Mine: ROM: Annual OPEX Production: Personal Use Only 10,571 tonnes V2O5 30 Years 5.1Mt (dry) 313M litres of fuel AUD 83.36/dmt R
Slide 10: 2024 Scoping Study Highlights: Key Outcomes
qldem.com.au 2024 Scoping Study Highlights Key Outcomes of the Scoping Study:1 o Post-tax NPV of AUD 1,106 M (8% discount rate), DCF-IRR of 16.3%, and a o Over the LOM, an average production of 10,571 tpa (23.3Mlbs) payback period of 5 years from the start of mining V2O5 (99.5% grade) and 5,960 bbl/
Slide 11: Queensland Critical Minerals Strategy
In June 2023, the Queensland Government released the Queensland Critical qldem.com.au Minerals Strategy. The Julia Creek/Richmond area has been identified as a Critical Minerals Zone in the Queensland Critical Minerals Strategy. The Julia Creek/Richmond area has significant vanadium resources with t
Slide 12: Australia's Vanadium Deposits
Australia’s Vanadium Deposits qldem.com.au QEM- Globally significant vanadium project with half of Queensland’s total resource For personal use only Personal Use Only Source: Geoscience Australia – Australia’s Identified Mineral Resources 2022 12
Slide 13: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Improves Tensile Lowers CO2 Steel Strength emissions For personal use only Most widely used alloy to In steel-Lowers CO2 strengthen steel (HSLA.) in emissions by 185 million construction, automotive, metric tons annually. aerospace, rail, s
Slide 14: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Chemical and V Catalysts For personal use only Catalyst in sulphuric acid production, ‘Smart Glass”, ceramics, dyes, cathodes for lithium batteries. Durability and Renewable Weather Resistance Energy Storage Vanadium Flow Batteries Energy s
Slide 15: Vanadium Global Production
Vanadium Global Production qldem.com.au IMF predicts 8-fold surge in Market Set for growth V Vanadium Demand by 2050 Market expected to reach VFB demand expected to equate $2.36 Billion ~25% of vanadium market For personal use only in 2025 at CAGR of 10.2% by 2040 currently only ~ 4% (CRU- 17 Nov 20
Slide 16: Building a Renewable Future with Vanadium Flow Batteries
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Flow Batteries (VFB) Vanadium Lithium For personal use only 100,000+ (20 - 30 Years) LONG ASSET LIFE - Number of Cycles 3,000 - 10,000+ (5 - 7 Years) Low Self Discharge (Stays Charged) Long Duration Energy Storage (LDES
Slide 17: VFB Global Installations
VFB Global Installations qldem.com.au Approx. 300 large scale VFB projects worldwide under construction or operational (Vanitec 2024) For personal use only Examples of Australian VFB installations: Personal Use Only Yadlamalka Energy - grid scale VFBs 17 Source: Vanitec. QEM Limited: Full Member of
Slide 18: The QEM Board
The QEM Board draws upon decades of experience qldem.com.au in the resources sector ensuring that the Company is best placed to capitalise on the vast opportunities afforded from the Julia Creek Project. For personal use only Personal Use Only 18
Slide 19: Experienced Team
Experienced Team qldem.com.au Led by a team of successful and invested professionals, with proven record of project development For personal use only Tim Wall Daniel Harris Gavin Loyden Tony Pearson David Fitch* Chair Non - Executive Director Founder and Managing Director Non - Executive Director No
Slide 20: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 25/08/24 Cash at 30/06/24 151.4m $ 0.130 $1.645m Options on issue 6,350,000 250k Exp 01/05/25 @ $0.20 For personal use only 500k Exp 01/03/26 @ $0.20 5.6m Exp 12/08/25 @ $0.345 19.70m $ Market Cap (25/08/24) 72.7% Director 27.3%
Slide 21: Our mission
qldem.com.au For personal use only Our mission is to operate in the safest and cleanest way possible while providing strong and sustained value to our shareholders. Personal Use Only 21
Slide 22: QEM and UQ produce first vanadium pentoxide 99.93% from industrial waste
QEM and UQ produce first vanadium pentoxide qldem.com.au 99.93% from Queensland industrial waste • QEM partnered with The University of Queensland (UQ) to produce the first high purity vanadium pentoxide (V2O5) from an industrial waste stream in Australia. For personal use only • QEM engaged UQ in t
Slide 23: Strong Government Support
Strong Government Support qldem.com.au A framework of support across the Value Chain For personal use only Personal Use Only National Battery Testing Centre 23
Slide 24: QEM's ESG Update
QEM’s ESG UPDATE QEM’s ESG Focus Areas* qldem.com.au Highlights and achievements H1 2024: ● 10th consecutive quarter that QEM is monitoring and disclosing the Company’s ESG progress and initiatives For personal use only via Socialsuite’s ESG Go platform. ● QEM’s investment in our Julia Creek communi
Slide 25: Right Project at Right Time
qldem.com.au Right Project at Right Time • Multi Commodity Exposure in high growth markets • Unique proprietary extraction technology • Globally significant Critical Minerals opportunity • Low market capitalization For personal use only • Domestic Fuel Security • Strong government support • Helping
Slide 26: Development Partners
Development Partners qldem.com.au QEM is proud to partner with world-class institutions and companies For personal use only 8 Personal Use Only
Slide 27: Get in touch
qldem.com.au Get in touch: For personal use only Gavin Loyden Managing Director gavin@qldem.com.au Joanne Bergamin Director, Communications & Sustainability jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 27
Slide 28: Appendix A: Julia Creek Resource
Personal Use Only For personal use only qldem.com.au Appendix A: Julia Creek Resource 28
Slide 29: Julia Creek - V2O5 and Oil Yield
Julia Creek - V2O5 and Oil Yield qldem.com.au Cross Section the Julia Creek Deposit For personal use only Personal Use Only Source: Measured Group The estimation methodology used is deterministic. The estimation is based on grids constructed for unit structure, thickness and oil grade parameters
Slide 30: Julia Creek Resource Overview 2024 (JORC)
Julia Creek Resource Overview 2024 qldem.com.au JORC (2012) Vanadium & Other Metals Average Insitu Density Resource Class Strat Unit Mass (Mt) V2 O5 (Wt%) Cu (ppm) Mo (ppm) Ni (ppm) Zn (ppm) Al (ppm) Thickness (m) (gm/cc) CQLA 167 3.17 2.40 0.24 For personal use only CQLB 128 2.58 2.28 0.30 Indicate
Slide 31: Julia Creek Resource Overview 2024 (SPE-PRMS)
Julia Creek Resource Overview 2024 qldem.com.au SPE-PRMS Petroleum Resource - Petroleum In Place (PIIP) @ 90% recovery Average Oil Yield Oil Yield MMBbls MMBbls Resource Class Strat Unit Mass (Mt) Total Moisture (Wt%) Thickness (m) (L/tonne) LTOM (in-situ PIIP) Recoverable CQLB 903 2.5 6.8 53.1 55.0