Qem Limited · ASX:QEM
Qem — Investor Presentation (June 2024)
34 slides from Qem's investor presentation, June 2024
Slide 1: Advancing the Julia Creek Project
Advancing the Julia Creek Project Corporate Presentation June 2024 “We would like to acknowledge the Wunumara people as Traditional Owners and their custodianship of the lands on which QEM operates its Julia Creek Project. We pay our respects to their Ancestors and their descendants, who continue cu
Slide 2: Disclaimer
Disclaimer qldem.com.au QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this No Recommendation presentation. The issue of this presentation is intended only for the person or entity to which it has been transmitted. The information in this presentation is not a recommendation to ac
Slide 3: QEM focused on exploration and development of Julia Creek Project
qldem.com.au QEM Limited is focused on the exploration Personal Use Only and development of the Julia Creek Vanadium and Oil Shale Project, a unique world class critical minerals resource. 3
Slide 4: Julia Creek Project
qldem.com.au Julia Creek Project QEM seeks to develop a World-Class V Vanadium and Oil Shale Project Multi Commodity Sovereign Supply Vanadium Fuel Security Transport Fuel High Purity V2O5 Unique Process Globally Significant Personal Use Only Renewable Power Vanadium Resource Green Hydrogen Critical
Slide 5: The QEM Board draws upon decades of experience
The QEM Board draws upon decades of experience qldem.com.au in the resources sector ensuring that the Company is best placed to capitalise on the vast opportunities afforded from the Julia Creek Project. Personal Use Only 5
Slide 6: Experienced Team
Experienced Team qldem.com.au Led by a team of successful and invested professionals, with proven record of project development Tim Wall Daniel Harris Gavin Loyden Tony Pearson David Fitch Chair Non - Executive Director Founder and Managing Director Non - Executive Director Non - Executive Director
Slide 7: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 10/06/24 Cash at 30/03/24 151.4m $ 0.150 $3.175m Options on issue 6,350,000 250k Exp 01/05/25 @ $0.20 22.70m 500k Exp 01/03/26 @ $0.20 5.6m Exp 12/08/25 @ $0.345 $ Market Cap (10/06/24) 72.7% Director Support 27.3% Personal Use
Slide 8: Vanadium is classed as a Critical Mineral
Vanadium is classed as a Critical Mineral qldem.com.au by the Australian Government. Vanadium is a ‘strategic metal’ when building a new energy economy. As a Critical Mineral, Vanadium is listed for priority development and investment. Vanadium Personal Use Only 8
Slide 9: Australia's Vanadium Deposits
Australia’s Vanadium Deposits qldem.com.au QEM- Globally significant vanadium project with half of Queensland’s total resource Personal Use Only Source: Geoscience Australia – Australia’s Identified Mineral Resources 2022 9
Slide 10: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Improves Tensile Lowers CO2 Steel Strength emissions Most widely used alloy to In steel-Lowers CO2 strengthen steel (HSLA.) in emissions by 185 million construction, automotive, metric tons annually. aerospace, rail, shipping, tools, drilli
Slide 11: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Chemical and V Catalysts Catalyst in sulphuric acid production, ‘Smart Glass”, ceramics, dyes, cathodes for lithium batteries. Durability and Renewable Weather Resistance Energy Storage Vanadium Flow Batteries Vanadium alloys are naturally
Slide 12: Vanadium Global Production
Vanadium Global Production qldem.com.au IMF predicts 8-fold surge in Market Set for growth V Vanadium Demand by 2050 Market expected to reach VFB demand expected to equate $ 2.36 Billion ~25% of vanadium market in 2025 at CAGR of 10.2% by 2040 currently only ~ 4% (CRU- 17 Nov 2022) Global Production
Slide 13: Building a Renewable Future with Vanadium Flow Batteries
Energy Renewable Storage qldem.com.au Building a Renewable Future with Vanadium Flow Batteries (VFB) Vanadium Lithium 100,000+ (20 - 30 Years) LONG ASSET LIFE - Number of Cycles 3,000 - 10,000+ (5 - 7 Years) Low Self Discharge (Stays Charged) Long Duration Energy Storage (LDES 4hr+) Highly Expandabl
Slide 14: VFB Global Installations
VFB Global Installations qldem.com.au Over 300 large scale VFB projects worldwide under construction or operational (Vanitec 2024) Personal Use Only Source: Vanitec. 14 Note: QEM is a full member of Vanitec.
Slide 15: VRB Market Forecasts
VRB Market Forecasts qldem.com.au Vanadium for VRFB forecast to grow at an average compound rate of 41% YOY to 2031. World Bank expects 173% increase in global V demand by 2050. Personal Use Only Source: Guidehouse Insights: White Paper Identifying Market Opportunities and Enablers Q2 2022, for Vani
Slide 16: Fuel Security: Running on Empty
Fuel Security qldem.com.au Running on Empty o Fuel imports at 93%, adding $30B to Australia’s trade deficit o Australia now highly exposed to supply shock o Australia’s obligation as a member of the International Energy Agency 17 (IEA) – Minimum 90 days supply o COVID-19 has further exposed Australi
Slide 17: Located in a Tier 1 mining jurisdiction
qldem.com.au Located in a Tier 1 mining jurisdiction, QEM aims to develop Australia’s Critical Minerals Resources in Queensland’s North West Minerals Province. Personal Use Only 17
Slide 18: Julia Creek Project - 2023 Exploration campaign
Julia Creek Project-2023 Exploration campaign qldem.com.au 12 holes (620m) completed. 2 additional seismic lines Update to JORC Report announced March 6 2024 Queensland Indicated Inferred Inferred Personal Use Only Core sample 33m Transition CQL-OS 2023 *Indicative only 18
Slide 19: 2024 Update - JORC and SPE-PRMS Resources
2024 Update - JORC and SPE-PRMS Resources qldem.com.au One of the world’s largest single vanadium resources with significant oil resource. Vanadium V Oil Resource Resource 654 Maiden 1C resource of 2,870 MMbbl’s Indicated JORC Resource increased by 28% to Mt 6.3 MMBBL’s 461Mt V205 which 32% increase
Slide 20: Multiple commodities while only mining once
qldem.com.au QEM can efficiently reap the rewards of Personal Use Only multiple commodities while only having to mine once. This offers potential to enhance margins and drive long-term shareholder value. 20
Slide 21: Vanadium and Oil Shale Project
Vanadium and Oil Shale Project qldem.com.au Structural Steel JCP Scoping Study Concept Design Aerospace Shallow Open- Cut Pit Limestone Kerogen Pre-float Calcite reverse Clays Vanadium Separation Separation flotation Redox Flow 5.7Mt/yr. ROM 2nd kerogen V205 upgraded 14,000 t/yr separation @99.5% Pu
Slide 22: Our mission
qldem.com.au Our mission is to operate in the safest and cleanest way possible while providing strong and sustained value to our shareholders. Personal Use Only 22
Slide 23: Renewable Power Project
Renewable Power Project qldem.com.au QEM Indicative layout only - sale of assets to EGPA “Situated in the best co-located wind and solar resources in Eastern Australia” - AEMO o In January 2024 QEM sold its project assets to global renewables giant ENEL Green Power Australia (EGPA) o EGPA to develop
Slide 24: Queensland Government - Industry Support
Queensland Government - Industry Support qldem.com.au February 2024: Powering Queensland’s Battery Industry Strategy - 2024-2029 $570 million in new and existing investment for Queensland’s nation leading Battery Industry Strategy to deliver clean economy jobs in battery technologies and manufacturi
Slide 25: QEM and UQ produce first vanadium pentoxide 99.93%
QEM and UQ produce first vanadium pentoxide qldem.com.au 99.93% from Queensland industrial waste o QEM partnered with The University of Queensland (UQ) to produce the first high purity vanadium pentoxide (V2O5) from an industrial waste stream in Australia. o QEM engaged UQ in this Circular Economy p
Slide 26: QEM's ESG Update
QEM’s ESG UPDATE QEM’s ESG Focus Areas* qldem.com.au Q2 2024 Highlights and achievements Q1 2024: ● This marks the 9th consecutive quarter that QEM is monitoring and disclosing the Company’s ESG progress and initiatives via Socialsuite’s ESG Go platform. ● QEM’s investment in our Julia Creek communi
Slide 27: qldem.com.au
Personal Use Only qldem.com.au 27
Slide 28: Right Project at Right Time
qldem.com.au Right Project at Right Time o Multi Commodity Exposure in high growth markets o Unique proprietary extraction technology o Globally significant Critical Minerals opportunity o Low market capitalization o Domestic Fuel Security o Strong government support o Helping to meet Australia’s en
Slide 29: Development Partners
Development Partners qldem.com.au QEM is proud to partner with world-class institutions and companies 8 Personal Use Only
Slide 30: Get in touch
qldem.com.au Get in touch: Gavin Loyden Managing Director gavin@qldem.com.au Joanne Bergamin Director, Communications & Sustainability jbergamin@qldem.com.au Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 30
Slide 31: Appendix A: Julia Creek Resource
qldem.com.au Appendix A: Julia Creek Resource Personal Use Only 31
Slide 32: Julia Creek - V2O5 and Oil Cross Section
Julia Creek - V2O5 and Oil qldem.com.au Cross Section the Julia Creek Deposit Yield Personal Use Only Source: Measured Group The estimation methodology used is deterministic. The estimation is based on grids constructed for unit structure, thickness and oil grade parameters
Slide 33: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au JORC (2012) Vanadium & Other Metals Average Insitu Density Resource Class Strat Unit Mass (Mt) V2 O5 (Wt%) Cu (ppm) Mo (ppm) Ni (ppm) Zn (ppm) Al (ppm) Thickness (m) (gm/cc) CQLA 167 3.17 2.40 0.24 CQLB 128 2.58 2.28 0.30 Indicated OSU 81 1.92 1.95 0.31 OSL
Slide 34: Julia Creek Resource Overview
Julia Creek Resource Overview qldem.com.au SPE-PRMS Petroleum Resource - Petroleum In Place (PIIP) @ 90% recovery Average Oil Yield Oil Yield MMBbls MMBbls Resource Class Strat Unit Mass (Mt) Total Moisture (Wt%) Thickness (m) (L/tonne) LTOM (in-situ PIIP) Recoverable CQLB 903 2.5 6.8 53.1 55.0 254