Victory Metals Limited · ASX:VTM
Victory Metals — Investor Presentation (August 2023)
23 slides from Victory Metals's investor presentation, Aug 28, 2023
Slide 1: Investor Presentation August 2023
For personal use only INVESTOR PRESENTATION A U G U S T 2 0 2 3 ― ASX:VTM ―
Slide 2: Disclaimer
DISCLAIMER Not a disclosure documentThe purpose of this presentation is to provide NO OTHER MATERIAL AUTHORISED RELIANCE ON PRESENTATION general information about the Company only. This presentation is not a The Company has not authorised any person to give any information or A recipient of this pre
Slide 3: Why Victory Metals
AUSTRALIA’S LARGEST 130,000 TONNES VERY HIGH PERCENTAGES Heavy Rare Earth (HREO) of Total Rare Earth of valuable and critical enriched ionic/regolith Oxide (TREO) from 18% REE Dysprosium (Dy) clay deposit of the drilled area and Terbium (Tb) @ 3.6% For personal use only 250 MT JORC RESOURCE A$102,00
Slide 4: North Stanmore project advantages
North Stanmore is Infill drill program LOW LEACH TIMES 100% OWNED with to COMMENCE IN with economic acid outstanding logistical and SEPTEMBER 2023 consumption and location advantages to increase grade, low levels of gangue size and confidence in materials and impurities For personal use only the MRE
Slide 5: Initial Mineral Resource Estimate North Stanmore
INITIAL MINERAL RESOURCE ESTIMATE NORTH STANMORE Initial Inferred Mineral Resource of 250Mt at 520ppm For personal use only MRE area is only 18% of Exploration Target Area Exploration Target 700Mt to 1,100Mt 130,000t of contained Total Rare Earth Oxide (TREO) Substantial (33%) heavy rare earth oxide
Slide 6: Not all rare earth elements are rare
――― NOT ALL RARE EARTH ELEMENTS ARE RARE, LIGHT RARE EARTHS CERIUM AND LANTHANUM For personal use only ARE LOW VALUE AND IN ABUNDANT SUPPLY WITH A COMBINED PRICE OF $6.20kg USD ――― HEAVY RARE EARTHS DYSPROSIUM AND TERBIUM HAVE A COMBINED PRICE OF $2,704kg USD V I C T O R Y M E T A L S ―――
Slide 7: Basket Price Assumptions North Stanmore
BASKET PRICE ASSUMPTIONS NORTH STANMORE For personal use only 100 80 Basket Price US$/kg REO 60 40 20 0 VTM IXR MEI $1AUD = $0.67USD - SOURCE: xe.com SOURCE: https://www.statista.com/statistics/450164/global-reo-dysprosium-oxide-price-forecast/ • SOURCE: https://www.statista.com/statistics/450163/gl
Slide 8: Peer Comparisons
PEER COMPARISONS VTM HOSTS INDUSTRY LOW LEVELS OF URANIUM AND THORIUM COMPARISONS ARE BASED FROM MARKET LEADING PEERS IN THE RARE EARTH ELEMENT SECTOR WITH JORC MRE 4 R A 20 3 D DyTb (%) NdPr (%) U (%) 2 For personal use only 10 I O 1 0 VTM IXR MEI 0 VTM IXR MEI A VTM IXR MEI 3000 600 80 C T W.A. In
Slide 9: Location
LOCATION PRIME LOCATION WITH WEATHER ADVANTAGES FOR MINING, EXPLORATION AND POWER GENERATION For personal use only • North Stanmore • Situated • Cue has a regional • Westgold recently situated alongside approximately airport which commissioned Great Northern 7.5km from is connected to hybrid power H
Slide 10: North Stanmore Metallurgy
NORTH STANMORE METALLURGY • EXCEPTIONAL YIELDS of Heavy Rare Earth Elements up to 63.6% Lutetium (Lu), 60% Dysprosium (Dy) and 58% Terbium (Tb) For personal use only • These high recoveries were achieved with LOW TEMPERATURE 50°C and SHORT LEACHING TIME of (4 hrs) • INCREASED MAGNET METALS NdPr + Dy
Slide 11: Conceptual beneficiation flowsheet
GOLD CONCENTRATE ORE BENEFICIATION HAS POTENTIAL TO INCREASE GRADE FROM 520PPM TREE TO 1071PPM TREE SHALLOW OPEN CUT MINE Low-grade For personal use only Coarse Ore Low-grade Waste Ore Returned to ORE MICRON ALLUVIAL GOLD Mine Site SLURRYING SCREENING GRAVITY PROCESSING Recycled Water High-grade Fin
Slide 12: Rare Earth Element Recovery Profiles
RARE EARTH ELEMENT RECOVERY PROFILES LOW ACID USE WEAK ACID LEACH VARIABILITY TESTING + LOW COST ACIDS + For personal use only LOW LEACH TIMES + LOW RADIOACTIVITY + LOW IMPURITIES = EXCELLENT METALLURGY ASX:VTM www.victorymetalsaustralia.com
Slide 13: Recovery Profiles Peer Comparison
RARE EARTH ELEMENT RECOVERY PROFILES PEER COMPARISON OF AVERAGE WEAK VICTORY EXTRACTED LOW LEVELS OF ACID LEACH HREE EXTRACTION IMPURITIES Fe/Al DURING RECOVERY For personal use only 1 2 1 –As reported in Makuutu DFS -Appendix 3, 20 March 2023 | 2 –As reported in MEI ASX Release 20 December 2022 SOU
Slide 14: Critical Uses of Rare Earth Elements
For personal use only Lasers Electric vehicles CRITICAL USES RARE EARTH ELEMENTS Wind Turbines Semiconductors Nuclear Reactors F35 Jets
Slide 15: Six valuable and critical rare earth elements
RARE EARTH ELEMENTS SIX VALUABLE AND CRITICAL RARE EARTH ELEMENTS 69 59 60 66 71 65 Tm Pr Nd Dy Lu Tb For personal use only Thulium Praseodymium Neodymium Dysprosium Lutetium Terbium Critical Uses Critical Uses Critical Uses Critical Uses Critical Uses Critical Uses • Lasers • Electric Vehicle • Ele
Slide 16: Importance of Rare Earths for Defense Industries
THE IMPORTANCE OF RARE EARTH ELEMENTS FOR DEFENSE INDUSTRIES For personal use only SOURCE: https://www.airandspaceforces.com/article/rare-earth-uncertainty/ ASX:VTM www. v i c t o r ym et al sau st r al i a. c o m
Slide 17: Geopolitical Tensions & Rare Earth Element Outlook
GEOPOLITICAL TENSIONS & RARE EARTH ELEMENT OUTLOOK For personal use only SOURCE: www.innovationnewsnetwork.com/critical-minerals-supply-chain-deal-struck-between-uk-and-australia/31489/#:~:text=The%20UK%20and%20Australian%20Governments,to%20achieve%20their%20climate%20obligations. | SOURCE: https://
Slide 18: 2023/24 Development Plan
2023/24 DEVELOPMENT PLAN ― Scoping VICTORY METALS Study ― ― ― Offtake Produce and JV For personal use only MREC ― discussions ― (mixed and Ongoing Exploration rare earth negotiations metallurgy ― 7km North carbonate) ― and Infill drilling of MRE area ― beneficiation to increase ― studies JORC MRE ―
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS » AUSTRALIA’S LARGEST Heavy » HIGH METALLURGY RECOVERIES Rare Earth enriched Deposit of valuable and critical Heavy with a premium mix of REE Rare Earth Elements For personal use only » SIGNIFICANT UPSIDE with » 100% OWNED adjacent to further exploration to commence one of Aust
Slide 20: Company Overview: Board, Technical and Capital Structure
COMPANY OVERVIEW Board of Directors and Technical Capital Structure As at 25/08/2023 Brendan Clark Chief Executive Officer and Executive Director Current Share Price $0.215 Trevor Matthews Non-Executive Chairman Market Capitalisation $17.4m For personal use only James Bahen Non-Executive Director &
Slide 21: Contact Information
CONTACT INFORMATION REGIONAL TENEMENT MAP For personal use only t: +61 08 6555 2950 e: info@victorymetalsaustralia.com w: www.victorymetalsaustralia.com a: Suite 1, 295 Rokeby Rd, Subiaco WA 6008 BRENDAN CLARK CEO AND EXECUTIVE DIRECTOR e: b.clark@victorymetalsaustralia.com JANE MORGAN INVESTOR AND
Slide 22: The Future of Australian Rare Earths
THE FUTURE For personal use only OF AUSTRALIAN RARE EARTHS
Slide 23: Thank You
For personal use only THANK YOU