Vanadium Resources Ltd. · ASX:VR8
Vanadium Resources — Investor Presentation (April 2024)
24 slides from Vanadium Resources's investor presentation, Apr 18, 2024
Slide 1: Steelpoortdrift Vanadium Project Corporate Presentation
For personal use only Steelpoortdrift Vanadium Project Corporate Presentation April 2024 ASX:VR8 www.vr8.global
Slide 2: Disclaimer
Disclaimer This presentation does not constitute investment advice. This presentation has been prepared by Vanadium Resources Limited (“the Company” or ASX:VR8) to provide summary information about the Company and its activities as at the date of this presentation (April 2024). Neither this presenta
Slide 3: Emerging Vanadium Producer
Emerging Vanadium Producer For personal use only One of the world’s largest DFS indicates strong financial Ore body easy to mine, Using conventional / proven and highest-grade vanadium outcomes with post-tax NPV7.5% of low strip ratio & low concentrate & Salt Roast Leach deposits US$1.2Bn (US$1.05Bn
Slide 4: Corporate Overview
Corporate Overview Corporate Structure (ASX: VR8) Top Shareholders Board of Directors – as at 17 April 2024 For personal use only 1 Matrix Resources (Zhejiang) Co Ltd 9.6% Jurie Wessels 2 Danterne Pty Ltd1 8.1% Executive Chairman 3 Raubex Pty Ltd 7.9% 560.3m John Ciganek A$0.048 4 Romfal Sifat Pty L
Slide 5: Why Vanadium?
Why Vanadium? Listed as a Critical Mineral in Australia, the US, UK and European Union, Vanadium demand is expected to grow significantly from its energy storage capabilities For personal use only Vanadium Redox Flow Batteries (VRFBs) Steel & Alloys ➢ VRFBs forecast to represent up to 20% of total b
Slide 6: Global Demand & Pricing Dynamics
Global Demand & Pricing Dynamics V2O5 Demand by Sector & Production Capacity For personal use only Annual demand for VRFBs is expected to equate to between 50kt and 100kt of V2O5 450 by 2033. 400 Demand for VRFBs in 2022 was ~9kt of 350 V2O5, largely for new installations in China. Source: Project B
Slide 7: Global Demand & Pricing Dynamics
Global Demand & Pricing Dynamics For personal use only 2022 Production Vanadium Pentoxide 98% min Europe US$/lb Total of ~205kt 30 Vanadium Pentoxide equivalent1 25 Source: FerroAlloyNet.com 20 V2O5 US$/Lb 15 Production Type 10 Co-production: 144kt Primary: 37kt 5 Secondary: 26kt 0 Sep-17 Mar-18 Sep
Slide 8: International Cost Curve
International Cost Curve For personal use only Cash cost of US$3.24/lb V2O5 places the Vanadium Pentoxide Production Costs, 2022 Project within the lowest quartile of the international cost curve for vanadium $10 Source: Project Blue 2023 pentoxide $9 Cost of Production (US$/lb V2O5) $8 $7 Well plac
Slide 9: Global VRFB Installation Projects
Global VRFB Installation Projects For personal use only 280+ VRFB Installations constructed or announced1 9GWh Capacity of VRFB Installations (>2.6GW) 1 78 VRFB Installations in Europe (excl. residential units) 1 Source: Vanitec Website – 2023 VRFB Project Map 1 Vanitec (2023) VRFB Global Database 8
Slide 10: DFS Delivers World Class Vanadium Project
DFS Delivers World Class Vanadium Project1 For personal use only US$1.21bn US$1.05bn US$152m 42% (A$1.9bn) (A$1.62bn) (A$237m) NPV7.5% (post-tax) Attributable 86.49% NPV2 Yearly Free Cashflows IRR (post-tax) 27 months US$211m US$3.24 US$9.50 (A$329m) (Deloitte forward mid-range) incl. contingency Pa
Slide 11: Location – in the Bushveld Complex
Location – in the Bushveld Complex This world-renowned mining location is host to several mining operations, multiple major mining companies are active in the area, and is in close proximity to existing infrastructure. For personal use only Other Mines in the Bushveld Complex Vametco – Vanadium Mine
Slide 12: Mine, Concentrator & SRL
Mine, Concentrator & SRL Mine Site – View of the North of Mining Area For personal use only 34km The mine site, concentrator and SRL sites are located within a substantial mining and smelting district, with well established infrastructure (including water, power, sealed roads, rail, etc.) 14km 24km
Slide 13: Resources & Ore Reserves
Resources & Ore Reserves ➢ Global Mineral Resource of 680Mt at 0.70% V2O5 ➢ Total Ore Reserve of 77Mt at 0.72% V2O5 For personal use only ➢ Mineralisation outcrops at surface and dips shallowly (~10º) – less waste to mine, low strip ratios (0.88x waste : ore) and cheaper mining cost ➢ Orebody able t
Slide 14: Location of Mineral Resources & Ore Reserves
Location of Mineral Resources & Ore Reserves ➢ The final pit design and Ore Reserves based on LOM of 25 years Location and Classification of Location and Classification of (designed to match Mining Right term) Mineral Resources Ore Reserves ➢ Final pit design was based on Pit 17, which highlights po
Slide 15: Steelpoortdrift Concentrator Plant
Steelpoortdrift Concentrator Plant For personal use only Concentrator flow sheet Dewatering based on proven Regrind Magnetic technology Separation Areas Dewatering Wet Magnetic Separation Two-stage Crushing Circuit Concentrate Product Ball @ 2.08-2.16% V2O5 Milling 14
Slide 16: Tweefontein SRL Plant
Tweefontein SRL Plant For personal use only SRL flow sheet based on proven technology SO2 Scrubber Kiln SRL Plant comprises kiln roasting, Roasting desilification, ammonium metavanadate (AMV) Crystalliser precipitation, flash drying and V205 flake production Flash Drying Concentrate feed rate of 72
Slide 17: Offtake, Strategic Investment and Project Financing
Offtake, Strategic Investment and Project Financing Offtake Agreements & Strategic Investment ➢ Offtake MOU with Panjin Hexiang New Materials Technology Co., Ltd (“Hexiang”)1 For personal use only ➢ One of China’s largest vanadium nitride producers ➢ To purchase 4,000tpa of vanadium pentoxide (V2O5)
Slide 18: Growth Catalysts to Increase Shareholder Value
Growth Catalysts to Increase Shareholder Value Key Catalysts to FID For personal use only ➢ Secure long-term offtake(s) ➢ Ropeway conveyor from Mine to SRL plant ➢ Secure project funding from combination of: Optimise ➢ Delineation drilling and re-optimisation based i. Debt ~65% PF debt Resource & on
Slide 19: Investment Highlights
Investment Highlights Strong financials with attributable NPV of US$1.05bn, IRR of Offtake & strategic equity process ongoing with respect to 42% and payback period of 27 months remaining offtake & investment for Phase 1 Commenced process of assessing debt funding appetite of For personal use only C
Slide 20: Appendix
For personal use only April 2024 Appendix
Slide 21: Board
Board Jurie Wessels has 26 years’ experience in the exploration industry and co-founded a number of exploration and mining companies, including Bauba Resources Ltd (BAU.J), which owns three operating chrome mines, GoldStone Resources Ltd (GRL.L), which company is mining the Homase-Akrokerri Gold Min
Slide 22: Management
Management JOHN CIGANEK KYLA GARIC JURIE WESSELS Managing Director & Executive Chairman Company Secretary Chief Executive Officer For personal use only Tim Feather has over 25 years of experience in corporate finance. Following a law degree at the University of Nottingham, he qualified as a chartere
Slide 23: Project Timeline
Project Timeline Year CY24 CY25 CY26 Quarter H1 H2 H1 H2 H1 H2 For personal use only Environmental & Water Permits Build Project Development Team FEED Offtake & Strategic Investment Debt Financing Equity Financing FID Engineering & Procurement Construction Production (incl. Ramp up) 22
Slide 24: For personal use only
Insert Heading here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here Lorem ipsum paragraph text goes here. For personal use onl
Vanadium Resources — Investor Presentation (April 2024) on 6ix