Vulcan energy asx
Vulcan Energy Resources
(FWB:6KO, ASX:VUL)


Overview

πŸ“‹ About: Vulcan Energy ASX has developed the world’s first and only Zero Carbon LithiumTM Project and plans to produce battery-grade lithium hydroxide from geothermal brines pumped from wells with a renewable geothermal energy by-product.

Vulcan Energy ASX has Europe’s largest lithium JORC Resource (13.95Mt contained LCT) at its Zero Carbon LithiumTM Project in Germany β€” the world’s fastest growing lithium market.

The large resource size is significant and provides Vulcan Energy ASX with the opportunity to become a major supplier of lithium chemicals into European Union markets.

Vulcan Energy ASX aims to use its project to produce the lowest CO2-eq. footprint lithium hydroxide for electric vehicles in the world.

Vulcan Energy ASX Company Milestones

βœ… Next Investors Portfolio Initiation & Small Cap Pick of the Year
βœ…
$4.8M Capital Raise @40c
βœ… EU Backed Investment (EIT InnoEnergy)
🌎 Tesla Battery Day
🌎
EU Regulations: Sustainability in the Supply Chain for EVs
βœ… Key Board Appointment (Vincent Ledoux-Pedailles)
βœ… Key Board Appointment (Former Tesla Director Jochen Rudat)
βœ…
$120M Capital Raise @$6.5
🌎 Volkswagen's Power Day
βœ… Key Board Appointment (Annie Liu)
🌎
EU Carbon Tariffs
βš”οΈControlled Thermal Resources Lithium Brine Offtake (US)
🌎 Stellantis EV Day (1), (2)
🌎 Volkswagen's Strategy Day
🌎 EU Regulations: Reduce Carbon Emission 55% by 2030
βœ… [UPA] Proposed listing on main German Stock Exchange
βœ… $220M Capital Raise @ $13.50 ($200M Insto, $20M SPP)
βœ…
Entry to S&P/ASX300 Index
πŸ”² [NEW] Commence Trading on Main German Stock Exchange
πŸ”² [NEW] More brine/land acquired 1
πŸ”² [NEW] More brine/land acquired 2
πŸ”² [NEW] More experts hired/acquired
πŸ”² [NEW] Acquisition of existing project 1
πŸ”² [NEW] Acquisition of existing project 2

Zero Carbon Lithium Project Milestones

βœ… Acquisition of disruptive EU focussed Zero Carbon Lithium Project
βœ… Commencement of Scoping Study
βœ… Reports Lithium Grades above expectation
βœ… Maiden Indicated Resource Reported
βœ… Positive Scoping Study
βœ… Test Work Shows Excellent Lithium Recoveries
βœ… Taro Licence Granted
βœ… Positive Pre-Feasibility Study (1), (2)
βœ… Collaboration with DuPont
βœ… CO2 Traceability Agreement
βœ… Bankable feasibility advisor appointed - BNP Paribas
πŸ”² Ramp up of DLE pilot plant
βœ… Offtake Agreement 1: EV battery Maker LG
βœ… Offtake Agreement 2: Renault
πŸ”² Offtake Agreement 3
βœ… First Production of Battery Grade Lithium
πŸ”„ Definitive Feasibility Study
πŸ”² Bankable Feasibility Study Complete
πŸ”² Project Financing Secured

Investment Milestones for VUL ASX

βœ… Initial Investment: @20c
βœ… Increase Investment: @40c
βœ… Increase Investment: @$6.50

βœ… Price increases 500% from initial entry
βœ… Price increases 1000% from initial entry
βœ… Price increases 2000% from initial entry
βœ… 12 Month Capital Gain Discount
βœ… Free Carry
βœ… Take Profit
πŸ”²
Hold remaining Position for next 2+ years

"Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. β€œOur investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

πŸ”² Expected Milestone
βœ… Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
πŸŸ₯ Negative Result
🌎 Macro Event
βš”οΈ Results from Other Company / Project
πŸ”„ In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

Highlights of the VUL PFS:

  • Project value of €2.25 billion (post-tax, NPV), which equates to A$3.54 billion.
  • Lowest operating expenses (OPEX) of any lithium hydroxide (LHM) project globally at €2,640/t LHM.
  • Combined renewable energy-lithium project pre-tax IRR of 26% and post-tax IRR of 21%. (Lithium as a separate entity from energy shows pre-tax IRR of 31% and post-tax IRR of 26%.)
  • Dual operation producing: 74 MW of renewable energy generation and approximately 40ktpa LHM production.
  • Starting capital cost of €226m for geothermal wells and plant, and €474m for Direct Lithium Extraction (DLE) plants and Central Lithium Plant (CLP).

The company has also confirmed a Maiden Probable Ore Reserve of 1.12 Mt Lithium Carbonate Equiv. (LCE) at 181 mg/l lithium.

Why we have invested in Vulcan Energy ASX...

Fully Funded

Raised $120M led by Goldman Sachs. Australia’s richest person and famous mining magnate Gina Rinehart has corner stoned VUL’s capital raise investing almost $50M. VUL is now fully funded for the medium term.

Europe’s largest JORC lithium resource

JORC Mineral Resources contain a total combined Indicated & Inferred estimate of 13.95Mt LCE (13.2Mt LCE Inferred at Ortenau license) – large enough to be Europe’s primary source of battery-quality lithium hydroxide.

Strategically beneficial location

Location in the heart of Europe’s auto & EV battery industry in Germany – the fastest growing lithium market in the world and has the EU’s backing.

Diversified revenue streams

Dual lithium hydroxide & renewables project. Primary revenue from selling battery-quality LiOH-H2O chemicals into the European market. Secondary revenue derived from renewable geothermal power generation.

Uniquely lithium-rich

DLE test work confirms excellent lithium recoveries. One of only a handful of high-grade lithium-rich geothermal brines worldwide. Can operate profitably at a lower grades than lithium salar brines.

World’s most rapidly advancing lithium project

Co-generation of geothermal energy from dual-property wells will power lithium extraction & fully offset processing energy requirements. Excess power generated after lithium extraction will be fed back into the power grid.

Strong team & board

Expert multi-disciplinary team local to project area in Germany. Decades of experience in developing & permitting geothermal brine projects. International project finance, lithium market & DLE processing expertise.




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