Vhm Limited · ASX:VHM
Vhm — Shareholder Meeting (November 2024)
25 slides from Vhm's shareholder meeting presentation, Nov 1, 2024
Slide 1: VHM Limited Annual General Meeting Chairman's Address
1 November 2024 VHM Limited Annual General Meeting Chairman’s Address Dear Shareholders, The last 12 months has seen your company progress towards development of our world class Goschen Project, however unfortunately not everything is in our control. At this date we are yet to receive formal endorse
Slide 2: Chairman's Address (continued)
Despite these being challenging times for developing critical minerals projects in Australia, we have established a strategy which enables production in the near future. Any upside on expected commodity prices only enhances what will be a robust future. Lastly, I would like to thank our longstanding
Slide 3: VHM Limited Annual General Meeting
VHM Limited Annual General Meeting 1 November 2024 I THE WESTIN BRISBANE, 111 Mary Street, Brisbane Queensland 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
Slide 4: 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 5: Agenda
Agenda 1 Board Introduction 2 Chairman's Address 3 2024 Highlights 4 Review of Operations 5 Market Outlook Appendices A JORC Tables 3
Slide 6: Board and management team
Board and management team Mr Cameron Knox Chief Financial Officer Cameron has held a number of senior finance roles over the last 20 years, mainly in the mining and resource sector across listed and unlisted companies, with Ian Smith Ron Douglas Maree Arnason Don Runge Colin Moorhead experience in c
Slide 7: Chairman's address
Chairman’s address Ian Smith Non-Executive Chairman Chairman’s address 5
Slide 8: Company Update
Company Update
Slide 9: Highlights
Highlights 7 Highlights published in the 2024 Annual Report
Slide 10: Review of Operations
Review of Operations Approvals Development Company Exploration Results Completion of all public stages of the Environment Effects • First binding offtake secured for first production • Secured the Company’s four tenement holdings in Statement review products with global leaders in rare earths proces
Slide 11: Goschen permitting pathway
Goschen permitting pathway Approvals milestones achieved Primary Approval (EES) Secondary Approvals (Work Plans, Mining Licence) Source: Engage Victoria website Q4 2023 Victorian Minister for Planning approved public exhibition for Goschen EES1 Exhibition stage: Public Submissions2 Monday 20 Novembe
Slide 12: 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 13: Capital Raise for finance to F.I.D.
Capital Raise for finance to F.I.D. Placement Offer • Placement strongly supported by existing top shareholders raised $1.8 million before Structure and Size1 costs (4.3 million new shares). • $0.42, a 20% discount to the 5-day VWAP prior to the announcement of the Placement Use of proceeds To under
Slide 14: Goschen timeline to production – derisk Final Investment Decision
Goschen timeline to production – derisk Final Investment Decision Oct 2024 2024 Apr Jul Oct 2025 2025 Jan Apr Jul 2026 2026 Oct Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Pre-FID Post-FID Phase I Task 1 Export Credit Agencies - Debt Corporate Commercial Banks Finalise debt Equity raise Phase II Primary Permit FID F
Slide 15: Company Mineral Resources & Reserves
1 2 Company Mineral Resources & Reserves VHM’s assets in Victoria’s critical minerals province at 30 June 2024 4 892 Mt1 Mineral Resource estimate 650 Kt1 TREO + Y2O3 210 Mt2 Ore Reserve 3 Notes: (1) Company Mineral Resources estimate at 30 June 2024 (2) Company Global Reserves last updated and rele
Slide 16: Community engagement and sponsorship
Community engagement and sponsorship Social Education Local Industry Swan Hill Housing Summit Teacher Earth Science Education Program Cross-Border Future Industry Workforce (TESEP) Forum - a Victoria and New South Wales Swan Hill Rotary Club’s Kerang Art Show Murray-Mallee Local Learning a
Slide 17: Market outlook
©) VIM Limited Market outlook
Slide 18: Rare earth price outlook
Rare earth price outlook NdPr oxide price has recovered from this year’s low and has steadily increased in 2H 2024. Wood Mackenzie projects the price to keep rising towards end of 2024 largely due to increased restocking demand from the magnet industry. Wood Mackenzie forecasts NdPr oxide pric
Slide 19: Urbanisation has a long way to go
Urbanisation has a long way to go Forecasted demand zircon Forecast demand for zircon sands by region Zircon prices have remained relatively stable at ~US$2,000/tonne. TZMI expects long-term global zircon demand to grow at 2.6% per annum with India, the Americas and other Asia Pacific markets ex
Slide 20: De-risking development
De-risking development The next six months Activity Status Awaiting recommendation from Planning Minister on Environmental Effects Environmental Approval Statement (EES) Earth Resources Regulator to assess Mining Licence application submitted Mining Licence Approval* (March 2023), with assessment su
Slide 21: Appendix A. JORC Tables
©) VIM Limited Appendix A. JORC Tables
Slide 22: Company Mineral Resources
Company Mineral Resources 892.1 Mt Mineral Resource estimate Notes: Any discrepancies in totals are a function of rounding. (1) Mineral resources reported at a cut-off grade of 1.0% THM. (2) Mineral resources reported at a cut-off grade of 1.75% THM. (3) Mineral resources reported at a cut-off grade
Slide 23: Company Ore Reserves
Company Ore Reserves 210.2Mt Ore Reserve Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was updated and disclosed under the JORC Code (2012) in the ASX release published 29 Se
Slide 24: Goschen DFS Ore Reserve
Goschen DFS Ore Reserve 98.8Mt Ore Reserve – Subset of global Company Ore Reserves Note: (1) Any discrepancies in totals are a function of rounding. THM Assemblage and Rare Earth Oxides are reported as a percentage of in-situ THM content. The Ore Reserve was disclosed under the JORC Code (2012) in t
Slide 25: For further information contact
Level 11, 330 Collins Street, Victoria 3000 vhmltd.com.au For further information contact: Ron Douglas Chief Executive Officer Ron.Douglas@vhmltd.com.au