Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Non-Deal Roadshow (May 2018)
23 slides from Pursuit Minerals's roadshow presentation, May 22, 2018
Slide 1: Road show presentation May 2018
+ Discovery For personal use only + Resource Definition + Value Capture Road show presentation May 2018
Slide 2: Forward Looking Statement
Forward Looking Statement For personal use only This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are b
Slide 3: Company Snapshot (ASX:PUR)
Company Snapshot (ASX:PUR) For personal use only Quality assets Capital Structure Shareholders • Finland vanadium projects • Shares: 65,370,468 • Teck Aust. 19.9% • Cash $1.926M (31 March, 2018) • Suburban Hold 6.8% • Sweden vanadium projects • Share price: $0.13 • Golden Dawn 2.3% • North Queenslan
Slide 4: A Quick Guide to Vanadium
A Quick Guide to Vanadium • Vanadium is a transition metal and now a battery metal For personal use only • 91% of vanadium is used in steel manufacturing ▪ Increases tensile strength ▪ Corrosion resistant ▪ Improves weldability, castability ▪ An alloy for metals used in extreme conditions such as je
Slide 5: Vanadium Price Drivers
Vanadium Price Drivers • >200% price increase in last 12 For personal use only months • 8 year high in May 2018 • Increased environmental standards in China lead to decreased production from slag and lower slag imports • China increased rebar standards which could increase Chinese consumption by 30%
Slide 6: Vanadium Global Production
Vanadium Global Production For personal use only
Slide 7: Vanadium deficit forecast
Vanadium deficit forecast For personal use only Supply • Mine closures in Russia • Disrupted supply in South Africa • Decreased vanadium from slag Demand • Increased Chinese rebar standards • Battery demand both in Li-Ion and VFRB’s • Energy storage • Predicted CAGR until 2027 is 3.2%
Slide 8: Advantages of Vanadium Redox Flow Batteries
Advantages of Vanadium Redox Flow Batteries • Non-flammable For personal use only • Excellent re-chargeabilty • Up to 10,000 cycles vs max 1,000 cycles for Li-Ion • Maintain 90% of their storage capacity over 20 years • Suitable for large scale energy storage ▪ Wind farms ▪ Solar • Scalable • Immedi
Slide 9: Characteristics of a Quality Vanadium Project
Characteristics of a Quality Vanadium Project • Tenor of vanadium in magnetite concentrate For personal use only ▪ Glencores Rhovan Project (South Africa) 2.3% V2O5 and Largo Resources Maracas Project (Brazil), 3% V2O5 set the benchmark • Mining costs and processing costs ▪ Infrastructure and ease o
Slide 10: Koitelainen – High-Grade Vanadium deposit
Koitelainen – High-Grade Vanadium deposit For personal use only Koitelainen V Prospect high-grade drill holes produced a magnetite concentrate grading on average 2.3% % V2O5* * See Pursuit Minerals ASX Announcement 12 April 2018. The Company is not aware of any new information or data that materiall
Slide 11: Vanadium Project Portfolio
Vanadium Project Portfolio • Projects acquired by pegging open ground For personal use only • No underlying vendor deals • Pursuit has 100% Interest • Finland is number 1 mining jurisdiction in latest Fraser Institute Survey • Existing historical mineral deposits • 2 year Reservations in Finland • 3
Slide 12: Finland Vanadium Projects
Finland Vanadium Projects For personal use only • Koitelainen ▪ 70Mt @ 0.7% V2O5, 14.4% Cr, 1.1% PGE’s (Koitelainen UC)* ▪ 15Mt @ 0.4% V2O5, (Koitelainen V)* • Karhujupukka ▪ 5.2Mt @ 0.43% V2O5, 32% fe, 6.2% Ti, 0.02% Co* • Excellent access to road and power infrastructure • Power costs 11c/kWh (Aus
Slide 13: Koitelainen Vanadium Project
Koitelainen Vanadium Project For personal use only Koitelainen V Prospect ▪ 15Mt @ 0.4% V2O5 ▪ 9 holes with high grade V2O5 associated with magnetic anomalies* ▪ Magnetic anomalies extend a further 2-2.5km from known drilling* * See Pursuit Minerals ASX Announcement 10 May 2018. The Company is not a
Slide 14: Koitelainen Vanadium Project
Koitelainen Vanadium Project For personal use only Koitelainen V Prospect ▪ Southern section of prospect produces extremely high grade V2O5 in magnetite concentrate, in the top echelon globally* ▪ Only two mines produce V2O5 in magnetite concentrate above 1.5%* ▪ Mineralisation comes to surface and
Slide 15: Karhujupukka Vanadium Project
Karhujupukka Vanadium Project • 5.2Mt @ 0.43% V2O5, 32% fe, 6.2% Ti, 0.02% Co* For personal use only • Mineralisation is open east and west • Excellent access to infrastructure ▪ Railway line running south to proposed vanadium smelter at Raahe ▪ 220kV powerline at Tuuliharju • Drilling planned for n
Slide 16: Central Sweden Vanadium Projects
Central Sweden Vanadium Projects • Simesvallen* For personal use only ▪ 15km strike length magnetic anomaly ▪ Historical mining 0.9% V2O5 • Kullberget* ▪ Outcropping mineralisation 1% V2O5 , 20% Fe • Summassjon* ▪ 7.5km long magnetic anomaly ▪ Seven historical drill holes intersected vanadium minera
Slide 17: Northern Sweden Vanadium Project
Northern Sweden Vanadium Project • Airjoki* For personal use only ▪ 800 strike length magnetic anomaly ▪ 6m @ 0.65% V2O5, 31% Fe (historical drill hole) ▪ 18m @ 0.57% V2O5 , 28% Fe (historical drill hole) ▪ 7m @ 0.6% V2O5 (surface sampling) • 60km east of the industrial centre of Kiruna (home to Eur
Slide 18: Vanadium Project Summary
Vanadium Project Summary • Historical vanadium deposits For personal use only ▪ 70Mt @ 0.7% V2O5, 14.4% Cr, 1.1% PGE’s (Koitelainen UC)* ▪ 15Mt @ 0.4% V2O5, (Koitelainen V)* ▪ 10-12Mt @ 0.2-0.5% V2O5, 15-25% Fe, 3-5% Ti* (Kramsta Exploration Target) • Deposits are open, major potential to expand • K
Slide 19: Mt Isa Super Basin – World’s Premier Base Metal Province
Mt Isa Super Basin – World’s Premier Base Metal Province • Mt Isa Super Basin is the world’s greatest base metal For personal use only province: ▪ Six major zinc-lead SEDEX deposits ▪ World class copper deposits ▪ World class BHT deposit • Close proximity to the soon to reopen Century Mine in an are
Slide 20: North QLD Zinc
North QLD Zinc For personal use only Location • Paperbark — 25km SE of Century Mine • Bluebush — 72km NE of Century Mine Regional Infrastructure • Road access • Power line • Concentrate pipeline to the coast
Slide 21: North QLD Zinc
North QLD Zinc For personal use only Paperbark Project • JORC inferred mineral resource of 10.4Mt @ 2.7% Zn, 0.2% Pb, 1g/t Ag at 1.5% Zn cut-off grade defined at the JB Prospect* • Drilling currently in progress • Follow up drill hole at JE Zone intersected 50m of zinc-lead mineralisation** • Result
Slide 22: Competent Persons Statement
Competent Persons Statement Statements contained in this presentation relating to exploration results, historical exploration results, historical For personal use only estimates of mineralisation and Exploration targets are based on, and fairly represents, information and supporting documentation pr
Slide 23: Jeremy Read, Managing Director
For personal use only ASX: PUR Jeremy Read Managing Director Email: Jeremy@pursuitminerals.com.au Mobile: + 61 447 379 744