Slide 1: Acquire and Develop Vanadium Projects
Acquire and Develop Vanadium Projects TSX : PCY | OTC: PRPCF | Frankfurt : 1P2N Investor Presentation – June 22, 2017
Slide 2: Forward Looking Statements
Forward Looking Statements 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 plans
Slide 3: Prophecy Development: The Vanadium Standard
Prophecy Development: The Vanadium Standard TSX (Toronto Stock Exchange Main Board): PCY, OTC: PRPCF, Frankfurt: 1P2N Formally known as Prophecy Resource Corp. and Prophecy Coal Corp. www.prophecydev.com ir@prophecydev.com +1.604.569.3661 Head office in Vancouver, Canada Business and Objective: We a
Slide 4: Management
Management John Lee is an entrepreneur with degrees in economics and engineering from Rice University. Mr. Lee joined Prophecy in October 2009 when Prophecy was trading at $6 a share on the TSX Venture Exchange. By making several opportune project acquisitions and raising market awareness, the compa
Slide 5: 100% Gibellini Vanadium Project
100% Gibellini Vanadium Project The Gibellini Project is located 25 miles south of Eureka in Nevada, with access to excellent infrastructure. The project is at permitting stage with open pit, conventional heap leach with low deleterious (Fe, MgO) items. AMEC E&C Services, Inc. (“AMEC E&C”) in August
Slide 6: 100% Gibellini Vanadium Project
100% Gibellini Vanadium Project AMEC E&C Services, Inc. (“AMEC E&C”) August 2011 Gibellini Project resource estimate for American Vanadium Inc. as follows Notes: (1) Mineral resources are reported by mineralization domain. Domains are laterally continuous portions of the ore body having a grade dete
Slide 7: 100% Gibellini Vanadium Project
100% Gibellini Vanadium Project *The historic Gibellini mineral resource estimate that was prepared by AMEC E&C for AVC has an effective date of July 31, 2011. Results of the study were disclosed previously by AVC in accordance with NI 43-101 and are considered historic in nature by the Company. Min
Slide 8: 100% Titan Vanadium Titanium Project
100% Titan Vanadium Titanium Project Located in Ontario Canada, between Angus and Flett townships, with access to excellent infrastructure Near Surface mineralization to an open vertical depth of 500 metres, potentially open-pittable Selected drilling intercept assays: 142 metres of 0.48% Vanadium P
Slide 9: Vanadium Niche and Price Trend
Vanadium Niche and Price Trend 2016 Vanadium Pentoxide price exceeded US$6/lb, up 100% from 2015 low. Unlike lithium-ion batteries, Vanadium redox flow batteries (VRB) are not flammable and do not gradually lose their capacity, which should mean long working lives (20 years) and therefore much lower
Slide 10: Titanium Dioxide Usage and Price Trend
Titanium Dioxide Usage and Price Trend Current Titanium Dioxide price > US$ 2,800/t, up 40% since November 2016 (14035 RMB/t to 19850 RMB/t) Titanium Dioxide is the white and reflective substance used primarily in paint and plastics in which there are few to no substitutes. Supplies have been cut du
Slide 11: Vanadium Industry News and Quotes
Vanadium Industry News and Quotes “We think there’s a revolution coming in vanadium redox flow batteries. You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale. We’re very deeply interested in how you store electrical energy in
Slide 12: In Closing..
In Closing.. Prophecy provides leverage to rising vanadium prices by defining and adding attributable vanadium resources in the ground in politically safe jurisdictions. We aim to build the first vanadium mine in North America by steadily advancing mine permitting, project financing and construction
Slide 13: Appendix
Appendix We are waiting for higher coal price to start Ulaan Ovoo, power purchase agreement to start Chandgana, and Bolivia government authorization to start Pulacayo. These projects provide Prophecy with multiple opportunities to succeed in creating revenue and cash-flow 12 www.prophecydev.com TSX
Slide 14: 100% Ulaan Ovoo Summary ($40 m invested)
100% Ulaan Ovoo Summary ($40 m invested) • Over 200 Mt M&I resource*, thick single coal seam 40 metres+, open pit mining, low strip ratio • 5,000 kcal/kg, low ash 10% & low sulfur 1% (ARB) • Customers – Mongolia, Russia, China • Strategically located just 17 km from the Russian border, over $40 mill
Slide 15: 100% Chandgana Power Plant Project
100% Chandgana Power Plant Project • Advanced Mine Mouth Power Project in Mongolia , over $15 million invested • Phase 1 – 300MW, Phase 2 – 300MW • Mongolia: Fast growing country importing up to 250MW from Russia and China • Power plant next to coal deposit (124Mt measured resources, GCV 3,300 kcal/
Slide 16: Pulacayo Summary: $30 m, 10 yr work invested
Pulacayo Summary: $30 m, 10 yr work invested 2017: Prophecy waits authorization to start mining Resource with Permits Exploration Potential Paca Resource • Pulacayo Resource • 90,000+ meters drilled @ 500 AgEq Cutoff • Open pit, Underground Pacamayo Anomaly • Paca Satellite Resource • Many targets t
Slide 17: Paca Resource Estimate
Paca Resource Estimate Paca Mineral Resource Statement – Effective September 9, 2015 Ag Eq. Cut-Off Ag Zn Pb Ag Eq. Ag** Zn** Pb** Category Tonnes* (g/t) (g/t) (%) (%) (g/t) (Moz) (Mlbs) (Mlbs) 200 Inferred 2,540,000 256 1.10 1.03 342 20.9 61.6 57.7 300*** Inferred 1,260,000 363 0.98 1.02 444 14.7 2
Slide 18: Notes:
Notes: Mineral resources are estimated in conformance the CIM Standards referenced in NI 43-101. Raw silver assays were capped at 1,050 g/t, raw lead assays were capped at 5% and raw zinc assays were capped at 5%. Silver equivalent Ag Eq. (g/t) = Ag (g/t) + (Pb% * (US$0.94/lb. Pb/14.583 Troy oz./lb.
Slide 19: Pulacayo Underground Resource Estimate
Pulacayo Underground Resource Estimate Pulacayo Mineral Resource Statement – Effective June 16th, 2015 Ag Eq. Cut-Off Ag Zn Pb Ag Eq. Ag** Zn** Pb** Category Tonnes* (g/t) (g/t) (%) (%) (g/t) (Moz) (Mlbs) (Mlbs) Indicated 2,080,000 455 3.19 2.18 594 30.4 146.3 100 400 Inferred 480,000 406 3.93 2.08
Slide 20: Notes:
Notes: Mineral resources are estimated in conformance the CIM Standards referenced in NI 43-101. Raw silver assays were capped at 1,700 g/t, raw lead assays were capped at 15% and raw zinc assays were capped at 15%. Silver equivalent Ag Eq. (g/t) = Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb. Pb /14.583 Tro
Slide 21: Pulacayo UG2 Long Section
Pulacayo UG2 Long Section E740100 4 to 8 meter avg thickness Existing tunnel and wagons A positive production decision would not be based on a feasibility study of mineral reserves demonstrating economic and technical viability so would carry increased uncertainty and the risk of failure as to the m
Slide 22: Infrastructure
Infrastructure Core Storage Power on site - mine Approved Tailing Site Uyuni Rail Station to Port of Antofagasta 21 www.prophecydev.com TSX : PCY | OTC: PRPCF | Frankfurt: 1P2N