Vhm Limited · ASX:VHM
Vhm — Investor Presentation (January 2023)
19 slides from Vhm's investor presentation, January 2023
Slide 1: VHM Presentation
VHM Presentation Securing critical and rare earth minerals for future technologies January 2023 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 lands where we
Slide 2: 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 3: Investment highlights
Investment highlights Emerging Tier 1 integrated rare earth and minerals sands project with globally significant mineral assemblage ▪ Goschen is one of the world’s largest, rare earth deposits (413,107 tonnes of contained TREO) with an accompanying world-class mineral sands resource (Proved and Glob
Slide 4: VHM Limited
VHM Limited VHM owns 100% of the Goschen Project, an advanced and globally significant rare earth and mineral sands project located in Victoria, Australia The Goschen Project Corporate Snapshot1 • The Goschen Project is one of the world’s largest, rare earth deposits (413,107 tonnes of TREO) with an
Slide 5: Goschen Project overview
Goschen Project overview The DFS demonstrates the Goschen Project economics to be compelling Definitive Feasibility Study ▪ Significant exploration to date delivers a JORC Resource and substantial Ore Reserve +1,000 holes for 39km drilled to date at Goschen. ▪ Well understood geology and mineralogy
Slide 6: Staged mine development
Staged mine development Clear pathway to revenue Current development plan Phase 3 AREM Phase 1 Base Project Phase 1A Hydromet Phase 2 MSP & HAL (Rare Earth Refinery) ▪ Near-term production ▪ Additional Hydromet Circuit with a ▪ Additional MSP, HAL and chrome ▪ National strategic value throughput of
Slide 7: Offtake strategy considerations
Offtake strategy considerations VHM seeks to achieve the ultimate objective of its offtake strategy by aligning with its phased production development Near-term Mid-term Long-term The key objective of the near-term phase The Company’s mid-term offtake The long-term phase will see the is to secure an
Slide 8: Strong sector tailwinds
Strong sector tailwinds Goschen rare earth minerals assemblage well positioned to meet increasing demand from permanent magnets Others 13% ▪ ~87% of Goschen’s rare earth minerals basket value derived from high value dysprosium, neodymium, praseodymium and terbium oxides, all of which are high-demand
Slide 9: Approvals and permitting
Approvals and permitting AECOM appointed for their permitting expertise and credentials 2021 2022 2023 2024 We are here Re-submission of referral based on reduced mining area footprint Q1 2023 Work Plan and of EPBC Act and EE Act Public Review of secondary approvals Referrals EES assessed Re-Scoping
Slide 10: Historical achievements and roadmap to production
Historical achievements and roadmap to production First production in H1 2025 Key Historical Milestones Key Development Timeline Operational Developments 2014 2020: H1 2022 H1 2023 H1 2024 H1 2025 H2 2026 ▪ VHM established ▪ Extended MRE and maiden Ore ▪ Goschen DFS complete ▪ Completion of updated
Slide 11: Strategic MOU for offtake with Shenghe Resources
Strategic MOU for offtake with Shenghe Resources Key Terms of MOU • MOU relates to a binding dual product take or pay offtake agreement of REMC and zircon/titania HMC. • Shenghe has committed to purchase 6,400tpa of REMC and 100,000tpa of HMC for each calendar year of the agreement term, on a take o
Slide 12: Phase 1 and Phase 1a process flowsheet
Phase 1 (Base Project) and Phase 1a (Hydromet Plant) process flowsheet Conventional Ore processing and refining developed through extensive testwork programs ▪ Rigorous testwork program conducted by Phase 1 reputable third parties - Mineral Technologies (Phase 1) and ANSTO (Phase 1A) ▪ Simple proces
Slide 13: Rare earth and mineral sands exploration upside
Rare earth and mineral sands exploration upside Cannie and Nowie deposits are analogous to Goschen Cannie Project and Nowie Projects ▪ Significant number of historic drill holes indicates Cannie is of a similar scale sheet deposit to Goschen deposit ▪ Historic drilling indicates zircon and rare eart
Slide 14: Summary and near-term priorities
Summary and near-term priorities ▪ Goschen is one of the world’s largest rare earth deposits with an accompanying world-class mineral sands resource to deliver a strategic, long mine life asset Advanced, globally significant Tier 1 rare earth and mineral ▪ Well advanced with a DFS completed and FEED
Slide 15: Appendix: JORC Tables
Appendix: JORC Tables
Slide 16: Company Mineral Resources
Company Mineral Resources 629Mt Mineral Resource Estimate (4) The Mineral Resource estimate was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the 16 supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023
Slide 17: Company Ore Reserves
Company Ore Reserves 198.7Mt Ore Reserve Notes (1): The Ore Reserve was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023 17
Slide 18: Goschen Project DFS Ore Reserves
Goschen Project DFS Ore Reserves Subset of global Company Ore Reserves 98.8Mt Notes (1): The Ore Reserve was prepared and first disclosed under the JORC Code (2012) in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 Ja
Slide 19: vhmltd.com.au
vhmltd.com.au Suite 8, 110 Hay Street Subiaco WA 6008