Qem Limited · ASX:QEM
Qem — Julia Creek/Richmond Critical Minerals Roundtable 2025
22 slides from Qem's conference presentation, May 16, 2025
Slide 1: Advancing the Julia Creek Vanadium and Energy Project
Advancing the Julia Creek Vanadium and Energy ASX : QEM Project Julia Creek/Richmond Critical Minerals Roundtable 16 May 2025 “We would like to acknowledge the Wanamara people as Traditional Owners and their custodianship of the lands on which QEM operates its Julia Creek Project. We pay our respect
Slide 2: Disclaimer
Disclaimer qldem.com.au Disclaimer To the maximum extent permitted by law, QEM and its directors, employees, agents, advisers and consultants: QEM Limited ACN 167 966 770 (QEM or the Company) is the issuer of this • give no representation or warranty, express or implied, to a recipient presentation.
Slide 3: Disclaimer: Scoping Study Cautionary Statement
Disclaimer qldem.com.au Refer to QEM Limited ASX announcement 27 August 2024 for full details of the Julia Creek Project Scoping Study (including all relevant material assumptions). QEM confirms that it is not aware of any new information or data that materially affects the information included in t
Slide 4: Julia Creek Project
qldem.com.au Julia Creek Project QEM Limited is focused on the V exploration and development of the Julia Creek Vanadium and Energy Project, a unique world class critical minerals and oil shale resource. Multi Commodity Location Vanadium Tier-1 Mining province Transport Fuel Close to all services Un
Slide 5: JORC and SPE-PRMS Resources
JORC and SPE-PRMS Resources qldem.com.au One of the world’s single largest vanadium resources with significant oil resource. Vanadium V Oil Resource Resource Maiden 1C resource of 6.3 MMBBL’s 2,870 654 MMbbl’s Indicated JORC Resource increased by 28% to Mt 32% increase in 2C category to 94 MMbbl’s 4
Slide 6: Julia Creek Vanadium and Energy Project
Julia Creek Vanadium and Energy Project qldem.com.au 4 EPM’s covering 250km2 in Queensland’s NWMP. Well located on major infrastructure corridor, including Copperstring access. Queensland Indicated 6 Inferred Brisbane Inferred Personal Use Only Source: QEM Scoping Study ASX Announcement, 27 August 2
Slide 7: 2024 Scoping Study Highlights
2024 Scoping Study Highlights qldem.com.au Post - Tax IRR: Payback Pre - production NPV (8%): Period: CAPEX (ex-contingency, owners’ costs & EPCM) AUD 1,106M 16.3% 5 Years AUD 791M Life of Mine: ROM: Annual OPEX: Production: Personal Use Only 10,571 tonnes V2O5 V2O 5 : USD $5.80/lb 30 Years 5.1Mt (d
Slide 8: Recently...: Coordinated Project and EIS progress
Recently... qldem.com.au Excellent progress being made with significant government support for Critical Minerals The Julia Creek Vanadium and Energy Project designated a Coordinated Project • Coordinated Project declaration received from the Queensland State Government - Office of the Coordinator Ge
Slide 9: Vanadium Global Production
Vanadium Global Production qldem.com.au IMF predicts 8-fold surge in Market set for strong growth driven by LDES of 4-10 hours+ - VFB V Vanadium Demand by 2050 Market expected to reach VFB demand expected to equate $ 4.89 Billion ~17% of vanadium market in 2032 at CAGR of 4.4% (USGS- by 2033 current
Slide 10: Vanadium Uses
Vanadium Uses qldem.com.au Vanadium - The Versatile Element Long duration energy storage is the key to unlocking the global Improves Tensile V renewable energy revolution. Steel Strength Most widely used alloy to strengthen steel (HSLA.) in construction, automotive, aerospace, rail, shipping, tools,
Slide 11: 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 12: VFB Global Installations
VFB Global Installations qldem.com.au Approx. 500 large scale VFB projects worldwide operational with 180 under construction, many more announced Examples of Australian VFB installations: Personal Use Only Yadlamalka Energy - grid scale VFBs Source: Vanitec. QEM Limited: Full Member of Vanitec since
Slide 13: Fuel Security
Fuel Security qldem.com.au Running on Empty o Fuel imports are 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 (IEA) – Minimum 90 days supply, currently holding 54 days, with only
Slide 14: Strong Government Support
Strong Government Support qldem.com.au A framework of support across the Value Chain Critical Minerals Production Tax Incentive (CMPTI) This incentive forms part of the Commonwealth Government’s Future Made in Australia package. The commitment of $7 billion over 10 years, for 31 critical minerals, i
Slide 15: Project Timeline
qldem.com.au Project Timeline 2024 2025 2026 2027 2028 2029 2030 Agreement of Terms Flora & Fauna of Reference for EIS Surveys, EPBC Referral Controlled Submit Environmental Environmental Water Baselines Submitted Action Decision Impact Statement (EIS) Authority (EA) granted Initial Advice Statement
Slide 16: 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 Chair Non - Executive Director Founder and Managing Director o Former Senior Executive of multiple ASX 100 o Over 40 years of global van
Slide 17: Corporate Snapshot
Corporate Snapshot qldem.com.au QEM Limited Shares on Issue Share Price 12/05/25 Cash at 31/03/25 190.8m $0.060 $1.671m Listed Options on issue 20.8m Exp 20/09/26 @ 0.14 10.8m $ Market Cap (12/05/25) 66.6% Director 33.4% Personal Use Only Support Top 20 Management alignment Shareholders with public
Slide 18: QEM's ESG Update
QEM’s ESG UPDATE QEM’s ESG Focus Areas* qldem.com.au Highlights and achievements Q1 2025: ● 13th 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 community – sponsor of 2025 D
Slide 19: Get in touch
qldem.com.au Get in touch: Gavin Loyden Managing Director [email protected] Personal Use Only Call: + 61 7 5646 9553 Visit: qldem.com.au Follow us: 19
Slide 20: Appendix A: Julia Creek Resource
qldem.com.au Appendix A: Julia Creek Resource Personal Use Only 20
Slide 21: Julia Creek Resource Overview 2024 (JORC)
Julia Creek Resource Overview 2024 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 0.3
Slide 22: Julia Creek Resource Overview 2024 (SPE-PRMS)
Julia Creek Resource Overview 2024 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
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