Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (September 2018)
24 slides from Pursuit Minerals's investor presentation, Sep 12, 2018
Slide 1: Road Show Presentation September 2018
+ Discovery + Resource Definition + Value Capture Road Show Presentation September 2018
Slide 2: Forward Looking Statement
Forward Looking Statement This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment
Slide 3: Company Snapshot (ASX:PUR)
Company Snapshot (ASX:PUR) Quality assets Capital Structure Shareholders • Finland & Sweden vanadium • Shares: 81,470,513 • Teck Aust. 16.35% • Cash $2.6M (30 June, 2018) • Suburban Holdings 5.46% • Favourable mining jurisdictions • Share price: $0.06 • JP Morgan Nom 4.26% • Access to quality infras
Slide 4: Vanadium – The Best Performing Metal
Vanadium – The Best Performing Metal • >300% price increase in last 12 months • 10 year high in July 2018 • Best performing metal in last 12 months • Supply deficit predicted
Slide 5: Vanadium Deficit Forecast
Demand Vanadium Deficit Forecast • Chinese rebar standards due November 2018, increase consumption by 30% (10,000t per year) • Energy storage - Battery demand in VRFB’s, grew by 34% in Supply 2017, 60% CAGR predicted 2018-2022 • Mine closures in Russia • Vanadium CAGR until 2027 is 3.2% (CAGR 2007-2
Slide 6: Scandinavian Vanadium Project Portfolio
Scandinavian Vanadium Project Portfolio • World class vanadium magnetite concentrate grades • Finland previously produced 10% of global vanadium • Finland is number 1 mining jurisdiction in latest Fraser Institute Survey • Projects acquired by pegging open ground • Pursuit has 100% Interest • JORC E
Slide 7: Airijoki Project
Airijoki Project • Re-sampling of historical drill holes1 ▪ 178.3m @ 1.33% V2O5, (magnetite concentrate) ▪ 16m @ 2.05% V2O5 , (magnetite concentrate) ▪ 10m @ 2.01% V2O5 (magnetite concentrate) • Rock chip samples range from 0.5% - 1.1% V2O5 (whole rock) • 3.5km magnetic anomaly • Mineralisation is o
Slide 8: Airijoki Project
Airijoki Project1 178.3m @ 1.33% V2O5, (mag con) 16m @ 2.05% V2O5 , (mag con) 10m @ 2.01% V2O5 (mag con) 1See Pursuit Minerals ASX Announcement 27 August 2018. The Company is not aware of any new information or data that materially affects the information contained in that announcement.
Slide 9: Airijoki Prospect – Next Steps
Airijoki Prospect – Next Steps Event Timing Rock chip sampling of extensions to vanadium October 2018 mineralisation Ground magnetic survey to October 2018 finalise drill targets Drilling November 2018 Initial Inferred Mineral March 2019 Resource Scoping Study May 2019 Commence PFS & Infill Drilling
Slide 10: Central Sweden Vanadium Projects
Central Sweden Vanadium Projects • Kullberget* ▪ Outcropping mineralisation 1% V2O5 , 20% Fe ▪ Drilling planned for December 2019 • Simesvallen* ▪ 15km strike length magnetic anomaly ▪ Historical mining 0.9% V2O5 ▪ Drilling planned for January 2019 • Summassjon* ▪ 7.5km long magnetic anomaly ▪ Seven
Slide 11: Finland Vanadium Projects
Finland Vanadium Projects • Koitelainen ▪ 80-105Mt of Insitu Exploration Target containing 4-10.5Mt of magnetite @ 2-2.3% V2O5 (in Mag. Conc.) for 80-241kt of V2O5 (Koitelainen Vosa)1. The Exploration Target reported for the Koitelainen Vosa Prospect is conceptual in nature and there has been insuff
Slide 12: Karhujupukka Vanadium Project
Karhujupukka Vanadium Project • 5.2Mt @ 0.43% V2O5, 32% Fe, 6.2% Ti, 0.02% Co1 • Excellent access to infrastructure ▪ Railway line running south to proposed vanadium smelter at Raahe ▪ 220kV powerline at Tuuliharju • Airborne EM/mag survey previously flown over project, generated targets which were
Slide 13: Koitelainen Vosa Prospect – Exploration Target
Koitelainen Vosa Prospect – Exploration Target Exploration Target (JORC Compliant) • 80-105Mt of Insitu Exploration Target containing; • 4-10.5Mt of magnetite @ 2-2.3% V2O5 (in Mag. Conc.) • 80-241kt of V2O51 • Magnetic anomalies associated with high grade mineralisation extend a further 3.5km from
Slide 14: Koitelainen Vosa Prospect
PURSJiT KOITELAINEN PROJECT GEOLOGY & DRILLING om @ 2.05% V205 45m @ 2.43% YE 8.3m @ 2.1% V20s| 6m @ 2.63% V20s 16.75m @ 1.99% V205 12.85m @ 2.15% V20s 45m @ 2.36% V20s 9.85m @ 2.17% V20s \.-[25.45m @ 2.12% V20s LEGEND
Slide 15: Koitelainen Vosa Vanadium Prospect – Southern Cross Section
Koitelainen Vosa Vanadium Prospect – Southern Cross Section Koitelainen Vosa Prospect ▪ Extremely high grade V2O5 in magnetite concentrate, in the top echelon globally1 ▪ Magnetite concentrate average grade 2-2.3% V2O52 ▪ Only two mines produce V2O5 in magnetite concentrate above 2%1 ▪ Mineralisatio
Slide 16: Koitelainen Vosa Prospect – Next Steps
Koitelainen Vosa Prospect – Next Steps Event Timing Sampling of October, November historical drill core 2018 Inferred Resource December 2018 Statement Scoping Study March 2019 Pre-Feasibility April 2019 Study Decision Commencement of Pre-Feasibility May 2019 Study Infill Drilling to define Indicated
Slide 17: Summary - The Right commodity at the Right time in the Right place
Summary - The Right commodity at the Right time in the Right place • Vanadium demand for VRFB’s predicted to grow at 60% CAGR 2018-2022 • Cheap power, excellent access to infrastructure, worlds best mining destination • Koitelainen Project ▪ 80-105Mt of Insitu Exploration Target containing 4-10.5Mt
Slide 18: Competent Persons Statement
Competent Persons Statement Statements contained in this presentation relating to exploration results, historical exploration results, historical estimates of mineralisation and Exploration targets are based on, and fairly represents, information and supporting documentation prepared by Mr. Jeremy R
Slide 19: APPENDICES
APPENDICES
Slide 20: Drivers for demand growth – Energy Storage
Drivers for demand growth – Energy Storage Global cumulative storage deployments (GWh) • VRFB market is expected to grow 150 from US$230 Million in 2018 to US$946 Million by 2023 (ASDR) 113 • Over the period from 2018 to 88 2022, the VRFB market is 69 anticipated to expand at a CAGR of 52 60% (Orbis
Slide 21: Vanadium Redox Battery Storage Development
Vanadium Redox Battery Storage Development • Since 2014, 30 large scale VRFB projects, across 11 countries, • Power ranges from 10’s of kW’s up to 200mW (U.S. Department of Energy’s Global Energy Storage Database) • World’s largest planned chemical battery – 200MW/800MWh vanadium redox flow battery
Slide 22: Installed Vanadium Redox Flow Batteries
Installed Vanadium Redox Flow Batteries
Slide 23: Vanadium vs Lithium for Energy Storage Is No Contest
Vanadium vs Lithium for Energy Storage Is No Contest • Non-flammable • Excellent re-chargeabilty • Easily refurbish by replacing electrolyte • Up to 10,000 cycles vs max 1,000 cycles for Li-Ion • Maintain 90% of their storage capacity over 20 years • Suitable for large scale energy storage ▪ Wind fa
Slide 24: ASX: PUR
ASX: PUR Jeremy Read Managing Director Email: Jeremy@pursuitminerals.com.au Mobile: + 61 447 379 744
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