Slide 1: The Gibellini Vanadium Project, Eureka County, Nevada
The Gibellini Vanadium Project, Eureka County, Nevada: A Permitting and Development Stage Project September 27th, 2018 TSX: PCY | OTC: PRPCF | FRANKFURT: 1P2N www.prophecydev.com
Slide 2: Forward Looking Statements
Forward Looking Statements 2 This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plan
Slide 3: Prophecy Development Corp: corporate summary
Prophecy Development Corp: corporate summary 3 Prophecy Development Corp (Toronto Stock Exchange: PCY), headquartered in Vancouver, operates Gibellini project through wholly owned Nevada subsidiary Vanadium Gibellini Company LLC Field Office, Point of Contact 51S Buehl St. Eureka, NV, 89316 Contact:
Slide 4: Prophecy's Team
Prophecy’s Team 4 4 Degrees in economics and engineering from Rice University. John Lee, CFA Lead the company in completing many project acquisitions and raised over $100 million for CEO and Chairman Prophecy. Mr. Lee identified, negotiated and closed Gibellini acquisition 4 40 years in mining ope
Slide 5: Prophecy's Team
Prophecy’s Team 5 Over 100 staff, successfully obtained several WPCP approvals in Nevada including: NewFields Newmont’s Long Canyon gold project with carbon in column processing method;5 Kinross Bald Mountain gold project with heap leach facility; and West Kirkland’s Three Hills gold and silver proj
Slide 6: Gibellini: Produce Vanadium in the USA
Gibellini: Produce Vanadium in the USA 6 Premium Location: Nevada District Scale Potential Ranked #1 for N. America mining investment 13.5 year mining plan (Fraser Institute) Situated in vanadium-rich geological belt Vanadium critical strategic metal in USA Controls 27 sqkm area, excellent potential
Slide 7: Vanadium Supply, Demand and Price
Vanadium Supply, Demand and Price 7 Surplus Deficit 7
Slide 8: Gibellini Location, Nevada, USA
Gibellini Location, Nevada, USA 8
Slide 9: Onsite and Offsite Infrastructure
Onsite and Offsite Infrastructure 9 Fish Creek River Water Source Refurbished Electrical Grid 9
Slide 10: Onsite and Offsite Infrastructure
Onsite and Offsite Infrastructure 10
Slide 11: Exploration
Exploration aa [gsaulnbes a 000 iN) Prophecy Development Corp.
Slide 12: Gibellini Project NI43-101 Resource (May, 2018)
Gibellini Project NI43-101 Resource (May, 2018) 12 The Qualified Person for the estimate is Mr. GIBELLINI RESOURCE with various cut-off grade scenarios E.J.C. Orbock III, RM SME, a Wood Group Cut-off Measured and Indicated Inferred employee. The Mineral Resources have an Metric Contained Metric Cont
Slide 13: Gibellini Flowsheet to Produce V2O5 Product
Gibellini Flowsheet to Produce V2O5 Product 13 13
Slide 14: Planned Life of Mine for Gibellini
Planned 14 Year Life of Mine for Gibellini 14 Material Mined 5,000,000 0.60 4,500,000 0.50 Mined Material (tons) 4,000,000 3,500,000 0.40 3,000,000 2,500,000 0.30 2,000,000 0.20 1,500,000 1,000,000 0.10 500,000 - 0.00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Product Oxide Product Transition Product Reduced
Slide 15: Previous Work by American Vanadium Corp.
Previous Work by American Vanadium Corp. • Mine Plan of Operations (MPO) submitted November 2014, all environmental baseline information has been collected and submitted to BLM for review 15 Resource Area Existing Data Update to Surface Water and Groundwater Quality Baseline Report for American Vana
Slide 16: Previous Work by American Vanadium Corp.
Previous Work by American Vanadium Corp. • Mine Plan of Operations (MPO) submitted November 2014, all environmental baseline information has been collected and submitted to BLM for review 16 Resource Area Existing Data Preliminary Jurisdictional Determination, American Vanadium. Gibellini Mine Proje
Slide 17: Baseline Studies Footprint
17 Baseline Studies Footprint
Slide 18: 2018 BLM Prophecy Meeting Recap
2018 BLM Prophecy Meeting Recap 18 March 23, 2018: Prophecy met BLM in Battle Mountain Topics discussed: • New permitting schedule - under Secretary of the Interior Order No. 3355 (Streamlining National Environmental Policy Reviews and Implementation of Executive Order 13807) • Existing Gibellini ba
Slide 19: 2018, Since March 23rd Meeting
2018, Since March 23rd Meeting 19 May 9: MPO prepared by SRK Consulting was resubmitted July: BLM provided comments to MPO according to 43 CF3809.401(b) highlights August: Prophecy secured surface water for future mining operation in Prophecy August: Engaged NewFields to advance permitting September
Slide 20: Uranium Licensing
Uranium Licensing 20 Prophecy’s Position on Uranium Licensing: A source material license required for a discrete portion of the plant Regulatory authority to issue that source material license lies with the State of Nevada Prophecy’s rationale and base case: Gibellini operations will be primarily pr
Slide 21: Water Pollution Control Permit (WPCP) and Acid Closure
Water Pollution Control Permit (WPCP) and Acid Closure 21 Prophecy engaged NewFields to prepare the WPCP application The WPCP application preparation has started in August 2018 and objective is to file the application with NDEP BMRR in December 2018 NewFields completed Gibellini Heap Leach Facility
Slide 22: Prophecy Requests BLM to
Prophecy Requests BLM to 22 2nd half 2018 Establish required updates to the Gibellini baseline studies 1st half 2019 Assist, review, complete Gibellini baseline studies 1st half 2019 Assist, review, complete Gibellini MPO 2nd half 2019 Assist, review, complete preliminary EIS / resource report prepa
Slide 23: Preliminary Permitting Schedule For Consideration
Preliminary Permitting Schedule For Consideration 23 2018 2019 Permitting task Q2 Q3 Q4 Q1 Q2 Q3 Resubmission of Mine Plan of Operations Internal Assesment of Required Updates for Baseline Studies (baseline gap analysis) Submission of Assesment of Required Updates for Baseline Studies to BLM BLM Con
Slide 24: EPCM Schedule
EPCM Schedule 24 2018 2019 2020 2021 2022 EPCM Tasks Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EPCM RFP issued Proposal Submission - September 28, 2018 EPCM Kick-Off - October 1, 2018 Phase 1 - Update of Basic Engineering Design Update the process Flow Sheet Update Basic Engineering Desi
Slide 25: Contact
Contact 25 Field Office, Point of Contact 51S Buehl St. Eureka, NV, 89316 Contact: Michael Drozd, VP Operations (Elko) Head Office Vancouver, BC, Canada Suite 1610 – 409 Granville Street Vancouver, BC V6C 1T2 Canada Phone: (604) 569-3661 Email: info@prophecydev.com