Slide 1: Chinese Vanadium Industry Roadshow announcement
14 May 2024 CHINESE VANADIUM INDUSTRY ROADSHOW Vanadium Resources Limited (ASX:VR8; DAX:TR3) (the “Company”) advises that it has released the attached “Chinese Vanadium Industry Roadshow” Corporate Presentation. The Company’s board will participate in a series of meetings and discussions across Chin
Slide 2: Steelpoortdrift Vanadium Project – Chinese Vanadium Industry Roadshow
For personal use only Steelpoortdrift Vanadium Project Chinese Vanadium Industry Roadshow Corporate Presentation May 2024 ASX:VR8 www.vr8.global
Slide 3: Disclaimer
Disclaimer This presentation does not constitute investment advice. This presentation has been prepared by Vanadium Resources Limited (“the Company” or ASX:VR8) to provide summary information about the Company and its activities as at the date of this presentation (May 2024). Neither this presentati
Slide 4: Company Overview
For personal use only Company Overview May 2024
Slide 5: Corporate Overview
Corporate Overview Corporate Structure (ASX: VR8) Top Shareholders Board of Directors – as at 13 May 2024 For personal use only 1 Matrix Resources (Zhejiang) Co Ltd 9.6% Jurie Wessels 2 Danterne Pty Ltd1 8.1% Executive Chairman 3 Raubex Pty Ltd 7.9% 560.3m John Ciganek A$0.047 4 Romfal Sifat Pty Ltd
Slide 6: Emerging Vanadium Producer
Emerging Vanadium Producer For personal use only One of the world’s largest DFS indicates strong financial Ore body easy to mine, Using conventional / proven and highest-grade vanadium outcomes with post-tax NPV7.5% of low strip ratio & low concentrate & Salt Roast Leach deposits US$1.2Bn (US$1.05Bn
Slide 7: Steelpoortdrift & Tweefontein Projects
For personal use only Steelpoortdrift & Tweefontein Projects May 2024
Slide 8: Location – in the Bushveld Complex
Location – in the Bushveld Complex This world-renowned mining location is host to several mining operations, multiple major mining companies are active in the area, and is in close proximity to existing infrastructure. For personal use only Other Mines in the Bushveld Complex Vametco – Vanadium Mine
Slide 9: Mine, Concentrator & SRL
Mine, Concentrator & SRL Mine Site – View of the North of Mining Area For personal use only 34km The mine site, concentrator and SRL sites are located within a substantial mining and smelting district, with well established infrastructure (including water, power, sealed roads, rail, etc.) 14km 24km
Slide 10: Resources & Ore Reserves
Resources & Ore Reserves ➢ Global Mineral Resource of 680Mt at 0.70% V2O5 ➢ Total Ore Reserve of 77Mt at 0.72% V2O5 For personal use only ➢ Mineralisation outcrops at surface and dips shallowly (~10º) – less waste to mine, low strip ratios (0.88x waste : ore) and cheaper mining cost ➢ Orebody able t
Slide 11: Location of Mineral Resources & Ore Reserves
Location of Mineral Resources & Ore Reserves ➢ The final pit design and Ore Reserves based on LOM of 25 years Location and Classification of Location and Classification of (designed to match Mining Right term) Mineral Resources Ore Reserves ➢ Final pit design was based on Pit 17, which highlights po
Slide 12: Steelpoortdrift Concentrator Plant
Steelpoortdrift Concentrator Plant For personal use only Concentrator flow sheet Dewatering based on proven Regrind Magnetic technology Separation Areas Dewatering Wet Magnetic Separation Two-stage Crushing Circuit Concentrate Product Ball @ 2.08-2.16% V2O5 Milling 10
Slide 13: Tweefontein SRL Plant
Tweefontein SRL Plant For personal use only SRL flow sheet based on proven technology SO2 Scrubber Kiln SRL Plant comprises kiln roasting, Roasting desilification, ammonium metavanadate (AMV) Crystalliser precipitation, flash drying and V205 flake production Flash Drying Concentrate feed rate of 72
Slide 14: Investment proposition, funding pathway & value add opportunities
For personal use only Investment proposition, funding pathway & value add opportunities May 2024
Slide 15: DFS Delivers World Class Vanadium Project
DFS Delivers World Class Vanadium Project1 For personal use only US$1.21bn US$1.05bn US$152m 42% (A$1.9bn) (A$1.62bn) (A$237m) NPV7.5% (post-tax) Attributable 86.49% NPV2 Yearly Free Cashflows IRR (post-tax) 27 months US$211m US$3.24 US$9.50 (A$329m) (Deloitte forward mid-range) incl. contingency Pa
Slide 16: International Cost Curve
International Cost Curve For personal use only Cash cost of US$3.24/lb V2O5 places the Vanadium Pentoxide Production Costs, 2022 Project within the lowest quartile of the international cost curve for vanadium $10 Source: Project Blue 2023 pentoxide $9 Cost of Production (US$/lb V2O5) $8 $7 Well plac
Slide 17: Competitive Funding Process Established
Competitive Funding Process Established Engagement of GC Partners to run competitive offtake and strategy equity process. Competitive offtake & strategic equity Discussions continue with Matrix and other Chinese, European, Japanese & Korean parties. For personal use only Initiation of debt Engagemen
Slide 18: Downstream Value Add Opportunities
Downstream Value Add Opportunities For personal use only Open Pit Mining Concentrator Plant Salt Roast Leach >98% V2O5 Flake 1.6kt – 3.5kt ROM ore per Crushing, milling & magnetically Kiln roasting & chemical 10.7kt – 21.0kt per year of year at average grade of separating ore to ~2.1% V2O5 processin
Slide 19: Investment Highlights
Investment Highlights Strong financials with attributable NPV of US$1.05bn, IRR of Offtake & strategic equity process for Phase 1 continues, high 42% and payback period of 27 months demand has the potential for excess to be allocated to Phase 2. Commenced process of assessing debt funding appetite o
Slide 20: Vanadium Market
For personal use only Vanadium Market May 2024
Slide 21: Why Vanadium?
Why Vanadium? Listed as a Critical Mineral in Australia, the US, UK and European Union, Vanadium demand is expected to grow significantly from its energy storage capabilities For personal use only Vanadium Flow Batteries (VFBs) Steel & Alloys ➢ VFBs forecast to represent up to 20% of total battery c
Slide 22: Global Demand & Pricing Dynamics
Global Demand & Pricing Dynamics V2O5 Demand by Sector & Production Capacity For personal use only Annual demand for VFBs is expected to equate to between 50kt and 100kt of V2O5 450 by 2033. 400 Demand for VFBs in 2022 was ~9kt of V2O5, 350 largely for new installations in China. Source: Project Blu
Slide 23: Global Demand & Pricing Dynamics
Global Demand & Pricing Dynamics For personal use only 2022 Production Vanadium Pentoxide 98% min Europe US$/lb Total of ~205kt 30 Vanadium Pentoxide equivalent1 25 Source: FerroAlloyNet.com 20 V2O5 US$/Lb 15 Production Type 10 Co-production: 144kt Primary: 37kt 5 Secondary: 26kt 0 Nov-17 May-18 Nov
Slide 24: Global VFB Installation Projects
Global VFB Installation Projects For personal use only 280+ VFB Installations constructed or announced1 9GWhCapacity of VFB Installations (>2.6GW) 1 78 VFB Installations in Europe (excl. residential units) 1 Source: Vanitec Website – 2023 VFB Project Map 1 Vanitec (2023) VFB Global Database 22
Slide 25: Appendix
For personal use only May 2024 Appendix
Slide 26: Board
Board Jurie Wessels has 26 years’ experience in the exploration industry and co-founded a number of exploration and mining companies, including Bauba Resources Ltd (BAU.J), which owns three operating chrome mines, GoldStone Resources Ltd (GRL.L), which company is mining the Homase-Akrokerri Gold Min
Slide 27: Management
Management JOHN CIGANEK KYLA GARIC JURIE WESSELS Managing Director & Executive Chairman Company Secretary Chief Executive Officer For personal use only Tim Feather has over 25 years of experience in corporate finance. Following a law degree at the University of Nottingham, he qualified as a chartere
Slide 28: Key Project Workstreams
Key Project Workstreams Environmental Authorisation & Environmental authorisations and water use licence applications for each site are progressing well with approval expected H1 CY2024 Water Use Licence Applications For personal use only Social And Labour Plan & Social and Labour Plan amendments su
Slide 29: For personal use only
Insert Heading here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here. For personal use onl