27 slides from Richmond Vanadium Technology Pty's conference presentation, Apr 17, 2023
Slide 1: MITEZ Vanadium Forum Presentation ASX Announcement
ASX ANNOUNCEMENT 17/04/2023 MITEZ (MT ISA TO TOWNSVILLE ECONOMIC For personal use only ZONE) VANADIUM FORUM PRESENTATION Richmond Vanadium Technology Limited (ASX: RVT) (Richmond Vanadium Technology or the Company) is pleased to advise that its Chair, Mr Brendon Grylls, and Managing Director, Dr Sha
Slide 2: About Richmond Vanadium Technology
About Richmond Vanadium Technology Richmond Vanadium Technology Limited (RVT) is an Australian minerals company currently advancing its Richmond Vanadium Project in North Queensland. RVT is the 100% owner of the Richmond Vanadium Project. The 1.8Bt Richmond Vanadium Project has a completed Pre-Feasi
Slide 3: Tenement Location Map and JORC Compliance Statement
Richmond – Julia Creek Tenement Location Map For personal use only JORC Compliance Statement The information in this announcement that relates to Minerals Resources and Ore Reserves referable to Richmond Vanadium Technology is extracted from the reports titled ‘Prospectus’ dated 14 October 2022 (whi
Slide 4: Powering the Future - MITEZ Vanadium Forum
POWERING THE FUTURE For personal use only ASX : RVT Investor Update | December 2022 | ASX:RVT MITEZ VANADIUM FORUM APRIL 2023
Slide 5: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER • are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are For personal use only These presentation materials and the accompanying verbal presentation (together, the Presentati
Slide 6: Corporate Overview
CORPORATE OVERVIEW For personal use only RVT $23.4m $97.6m 221.8m 13.1m 2.3m ASX Code Cash Market Cap Shares Options Performance (as at 31/12/2022) (as at 14/4/2023) on Issue on Issue1 Rights2 Board and Management Top 10 Shareholders Brendon Grylls Independent Non-Executive Chair Mrs Jinru Liu, BNP
Slide 7: Mine to Metal to Battery
MINE TO METAL TO BATTERY An economic analysis for beneficiation to a concentrate in Australia, and a comparison of recovery offshore in China or onshore in Australia was carried out as part of the PFS. The PFS recommended that recovery to produce V2O5 flake be carried out offshore due to lower capit
Slide 8: Comparison of Estimated Production Cost Breakdown
COMPARISON OF ESTIMATED PRODUCTION COST BREAKDOWN Soft Oxide vs Titanomagnetite Vanadium Deposits Concentrating Recovery For personal use only to minimum 98% to meet vanadium flake standard TITANOMAGNETITE VANADIUM DEPOSIT Drill & Blast Mining Milling Concentrating Roasting Leaching Purifying ≈10% ≈
Slide 9: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) FRAMEWORK TO MEASURE AND REPORT ESG PREFORMANCE For personal use only CURRENTLY UNDER DEVELOPMENT – FIRST REPORT EXPECTED Q4 2023 ENVIRONMENT SOCIAL • Final EIS Terms of Reference released March 2023 • Use of local business, civil, accommodation, services and
Slide 10: Investment in Ultra Power Systems (UPS)
INVESTMENT IN ULTRA POWER SYSTEMS (UPS)1 RVT and UPS have executed an agreement to form a joint alliance to develop For personal use only both vanadium mining and vanadium redox flow battery manufacturing • Formal subscription agreement executed for RVT to invest $3 million into UPS to acquire 10.94
Slide 11: VRFBs in Operation, Under Construction, Announced
200 VRFBs IN OPERATION 42 VRFBs UNDER CONSTRUCTION 49 VRFBs ANNOUNCED For personal use only Source: Vanitec 8 Investor Update April 2023 | December 2022 | ASX:RVT | ASX:RVT
Slide 12: Project Details
For personal use only PROJECT DETAILS Investor Update | December 2022 | ASX:RVT
Slide 13: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW Location For personal use only • Located in mining friendly jurisdiction of North Queensland • Close to existing infrastructure including gas pipeline, proposed Copper String 2.0 HV network line, Flinders Highway and Great Northern railway link to Townsville Port •
Slide 14: Exploration to Mining Lifecycle
EXPLORATION TO MINING LIFECYCLE Find economical amount of a mineral through active • 2,479 drillholes for 294,904m DISCOVERY For personal use only exploration and understanding the characteristics of the land. (RVT has drilled 333 holes for 8,956m)1 RESOURCE Mineral Resources are the concentration o
Slide 15: A Systematic, Stepped Approach
A SYSTEMATIC, STEPPED APPROACH1,2 • RVT earns 25% stake in project • Awarded Coordinated Project Status • Project restructured to 100% RVT For personal use only • 57 holes for 1,139m of drilling completed • Updated JORC (2012) Mineral ownership • Updated JORC (2012) Mineral Resource Resource of 1.8
Slide 16: Pre-Feasibility Study Completed
PRE-FEASIBILITY STUDY COMPLETED1 • Project presents opportunity to develop and produce vanadium concentrate at 1.82% CAPEX For personal use only IRR 38% • Mining and concentration options known while logistics and available infrastructure provide a positive economic solution NPV • Modest capital cos
Slide 17: Bankable Feasibility Study Commenced
BANKABLE FEASIBILITY STUDY COMMENCED For personal use only STATUS Peter Hedley Draft Terms of Reference for Environmental Impact appointed as Completed Statement (EIS) issued & responses received BFS Project Director Expressions of Interest for role of BFS lead contractor Peter is a qualified Chemic
Slide 18: Queensland Project Impact
Queensland Project Impact comprises 20% of Australia’s For personal use only population and uses 25% of total energy consumption1 Queensland has the ~10,000 tonnes of highest total vanadium pentoxide renewables (V2O5) is required consumption of any for each GWh of Average Queensland Australian state
Slide 19: Appendices
For personal use only APPENDICES Investor Update | December 2022 | ASX:RVT
Slide 20: Board of Directors
BOARD OF DIRECTORS JON PRICE DR SHUANG (SHAUN) REN BRENDON GRYLLS For personal use only NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR NON-EXECUTIVE CHAIR Jon has over 30 years’ experience in Australia and Shaun completed his PhD in Economic Geology at the Brendon brings extensive relationships and overse
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only World Class Located in Queensland Promising long-term Critical Mineral Project with good access to outlook for Vanadium – attracts funding One of the largest undeveloped oxide infrastructure Vanadium poised to play a pivotal role in Queensland Govt constru
Slide 22: Lilyvale Deposit
LILYVALE DEPOSIT For personal use only • Located 45km north-west of the Richmond township in close proximity to the Flinders Highway and Great Northern railway • Mineral Resource of 560Mt @ 0.48% V2O51 • Mineralisation is associated with the Toolebuc geological formation at an average depth of betwe
Slide 23: Lilyvale Deposit Ore Reserve
LILYVALE DEPOSIT ORE RESERVE1 • Maiden open pit Ore Reserve at the Lilyvale Deposit of: For personal use only 459.2Mt @ 0.49% for 2.25Mt V2O5 • Two pits designed over Lilyvale Deposit Indicated Mineral Resource: – LOM (Life of Mine) pit hosting Probable Reserves; and – Starter pit focussed on the hi
Slide 24: Proven Metallurgical Results
PROVEN METALLURGICAL RESULTS 1 For personal use only • Project is a large, low grade, high calcite content resource • RVT’s process flowsheet uses proven conventional technology • 1.2 tonnes of vanadium samples sent to two research institutes • Testwork programs jointly developed, with all testwork
Slide 25: Summary of Key PFS Outcomes
SUMMARY OF KEY PFS OUTCOMES1 PFS outcome PFS outcome Sensitivity Analysis Measure US$9.60/lb V2O5 US$9.60/lb PFS outcome PFS outcome PFS outcome Measure For personal use only (Study Price) V2O5 at US$7.60/lb US$8.60/lb US$10.60/lb Life of Mine (LOM) (Study Price) V2O5 V2O5 V2O5 PFS (Initial 25-year
Slide 26: Mineral Resource and Ore Reserve Estimates
MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 For personal use only Richmond – Julia Creek Project Richmond – Julia Creek Project Mineral Resource and Contained Metal (at 0.30% V2O5 cut-off) Ore Reserve (Lilyvale Deposit) Tonnage V2O5 V2O5 Tonnage V2O5 V2O5 Deposit Category Category (MT) (%) (MT) (MT)
Slide 27: Contact Us
CONTACT US This presentation has been authorised for release by the Board of Richmond Vanadium Technology Limited For personal use only Dr Shuang (Shaun) Ren Managing Director T: +61 8 6141 9500 E: info@richmondvanadium.com.au Jon Price Non-Executive Director T: +61 8 6141 9500 E: info@richmondvanad