Richmond Vanadium Technology Pty Ltd. · ASX:RVT
Richmond Vanadium Technology Pty — Investor Presentation (June 2023)
31 slides from Richmond Vanadium Technology Pty's investor presentation, Jun 26, 2023
Slide 1: ASX Announcement: Company Presentation
ASX ANNOUNCEMENT 26/06/2023 COMPANY PRESENTATION Richmond Vanadium Technology Limited (ASX:RVT) is pleased to be exhibiting at the World Mining Congress in Brisbane from 26 – 29 June 2023. A copy of the company presentation for the conference is attached. This announcement has been authorised by the
Slide 2: About Richmond Vanadium Technology
About Richmond Vanadium Technology Richmond Vanadium Technology Limited (RVT) is an Australian minerals company currently advancing its 100% owned Richmond – Julia Creek Vanadium Project (the Project) in North Queensland. RVT has adopted the globally recognised World Economic Forum (WEF) Environment
Slide 3: Richmond – Julia Creek Tenement Location Map
Richmond – Julia Creek Tenement Location Map 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 (which includes an Indepen
Slide 4: Powering the Future
POWERING THE FUTURE ASX : RVT Investor Update | December 2022 | ASX:RVT WORLD MINING CONGRESS JUNE 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 These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have bee
Slide 6: Board of Directors
BOARD OF DIRECTORS JON PRICE DR SHUANG (SHAUN) REN BRENDON GRYLLS NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIR Jon holds an Environmental Science Degree from Shaun completed his PhD in Economic Geology at the Brendon brings extensive relationships and Griffith University
Slide 7: Corporate Overview
CORPORATE OVERVIEW RVT $19.7m $88.73m 221.8m 13.3m 2.3m ASX Code Cash Market Cap Shares Options Performance (as at 30/03/2023) (as at 22/6/2023) on Issue on Issue1 Rights2 Board and Management Top 10 Shareholders Brendon Grylls Independent Non-Executive Chair Mrs Jinru Liu, BNP Paribas Nominees Pty
Slide 8: Investment Highlights
INVESTMENT HIGHLIGHTS World Class Located in Qld Promising long-term Critical Mineral Tested metallurgy, Project with access to outlook for – attracts funding proven technology One of the largest infrastructure and Vanadium Queensland Govt Proven metallurgical solution undeveloped oxide government s
Slide 9: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INTEGRATED ESG STRATEGY WITH THE ADOPTION OF GLOBALLY RECOGNISED WORLD ECONOMIC FORUM ESG FRAMEWORK – FIRST REPORT EXPECTED BY Q4 2023 ENVIRONMENT SOCIAL • RVT has engaged technology platform Socialsuite We serve as a catalyst for local economic and will util
Slide 10: Why Vanadium
WHY VANADIUM Critical Mineral Projected vanadium consumption by end-use • Listed by the Australian and US Governments as “Critical Mineral” (excluding steel) 1 • China, Russia and South Africa account for almost all worldwide production • Australian resources 3rd largest in world, accounting for 18%
Slide 11: Vanadium Redox Flow Batteries (VRFBs)
VANADIUM REDOX FLOW BATTERIES (VRFBs) • Adoptable energy storage system ideal for residential and commercial applications • Megawatt capacities for grid and standalone storage systems for solar and wind farm installation • Non-flammable compared with lithium batteries with longer service life of aro
Slide 12: VRFBs in Operation, Under Construction, Announced
200 VRFBs IN OPERATION 42 VRFBs UNDER CONSTRUCTION 49 VRFBs ANNOUNCED Source: Vanitec 9 Investor Update June 2023 | December 2022 | ASX:RVT | ASX:RVT
Slide 13: Project Details
PROJECT DETAILS Investor Update | December 2022 | ASX:RVT
Slide 14: Richmond Vanadium Project Overview
RICHMOND VANADIUM PROJECT OVERVIEW Location • 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 • Three main prospects
Slide 15: Exploration to Mining Lifecycle
EXPLORATION TO MINING LIFECYCLE Find economical amount of a mineral through active • 2,479 drillholes for 294,904m DISCOVERY exploration and understanding the characteristics of the land. (RVT has drilled 333 holes for 8,956m)1 RESOURCE Mineral Resources are the concentration of material of • Cut-of
Slide 16: A Systematic, Stepped Approach
A SYSTEMATIC, STEPPED APPROACH1,2 • RVT earns 25% stake in project • Updated JORC (2012) Mineral • Awarded Coordinated Project Status • 57 holes for 1,139m of drilling completed Resource of 1.8 billion tonnes @ • Updated JORC (2012) Mineral Resource 0.36% V2O5 • Project restructured to 100% RVT owne
Slide 17: Lilyvale Deposit
LILYVALE DEPOSIT • 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 associated with the Toolebuc geological formation at an average depth of 2 - 25m below surface • Starter pit to
Slide 18: Lilyvale Deposit Ore Reserve
LILYVALE DEPOSIT ORE RESERVE1 • Maiden open pit Ore Reserve at the Lilyvale Deposit of: 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 higher grade part of LOM
Slide 19: Global Primary Mineral Resources
GLOBAL PRIMARY MINERAL RESOURCES Resource Tonnes Resource Grade Concentrate Grade 2000 3.00% 1800 2.50% 1600 1400 2.00% V2O5 Grade (%) Million Tonnes (MT) 1200 1000 1.50% 800 1.00% 600 400 0.50% 200 0 0.00% Richmond Vanadium Bushveld Australian Bushveld Technology Largo Maracas Bushveld Brits Glenco
Slide 20: Proven Metallurgical Results
PROVEN METALLURGICAL RESULTS 1 • Project is a large, low grade, high calcite content resource • Process flowsheet uses proven conventional technology • 1.2 tonnes of vanadium samples sent to two research institutes • Testwork programs jointly developed, all testwork supervised by RVT • Two-step proc
Slide 21: Pre-Feasibility Study Completed
PRE-FEASIBILITY STUDY COMPLETED1 • Project presents opportunity to develop and produce vanadium concentrate at 1.82% IRR CAPEX 38% • Mining and concentration options known while logistics and available infrastructure provide a positive economic solution NPV • Modest capital costs of A$242.2m (US$176
Slide 22: Bankable Feasibility Study Commenced
BANKABLE FEASIBILITY STUDY COMMENCED 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 Qualified Chemical Engineer and Completed highly experienced
Slide 23: Comparison of Estimated Production Cost Breakdown
COMPARISON OF ESTIMATED PRODUCTION COST BREAKDOWN Soft Oxide vs Titanomagnetite Vanadium Deposits Concentrating Recovery to minimum 98% to meet vanadium flake standard TITANOMAGNETITE VANADIUM DEPOSIT Drill & Blast Mining Milling Concentrating Roasting Leaching Purifying ≈10% ≈30% ≈40% ≈20% ≈50% ≈40
Slide 24: 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 25: Investment in Ultra Power Systems (UPS)
INVESTMENT IN ULTRA POWER SYSTEMS (UPS)1 RVT and UPS formed a joint alliance to grow vanadium redox flow battery manufacturing inclusive of an offtake arrangement • Formal subscription agreement executed for RVT to invest $3 million into UPS to acquire 10.94% • UPS to become primary RVT offtake part
Slide 26: Project Impact
PROJECT IMPACT 29% of Australia’s electricity generation came from renewables, and 51% from coal Renewable energy in 20211 has the potential to ~10,000 tonnes of reduce energy costs, vanadium pentoxide improve health (by (V2O5) is required reducing air pollution) for each GWh of and reduce Increasin
Slide 27: Queensland – A Key Critical Mineral Destination
QUEENSLAND – A KEY CRITICAL MINERAL DESTINATION QUEENSLAND GOVERNMENT PROVIDING VALUABLE SUPPORT FOR LOCAL VANADIUM PROJECTS ✓ Queensland is a key player in critical minerals investment and a destination of choice for mining and manufacturing opportunities ✓ Critical minerals will assist Queensland’
Slide 28: Contact Us
CONTACT US This presentation has been authorised for release by the Board of Richmond Vanadium Technology Limited 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@richmondvanadium.com.au Victoria Hu
Slide 29: Appendix 1 - Mineral Resource and Ore Reserve Estimates
APPENDIX 1 - MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 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) (%) (MT)
Slide 30: Appendix 2 - Summary of Key PFS Outcomes
APPENDIX 2 - 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 (Study Price) Measure 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 life) (ba
Slide 31: Appendix 3 – Peer Comparison Table
APPENDIX 3 – PEER COMPARISON TABLE Resource Resource Resource Total Resource Concentrate Company Code Project Stage Grade Information Source and Notes Category Tonnes (Mt) (Mt @ V2O5 %) Grade (V2O5 %) Indicated 429.4 0.50 Richmond Richmond – 1,838Mt @ 0.36% Refer Prospectus dated 14 October 2022 and
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