The Strength and Energy of Vanadium

8/6/2019 The Strength and Energy of Vanadium

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Bill Radvak

President & CEO

StrengthEnergy

V A N A D I U M

June 4, 2010


2/20

Safe Harbour

Rocky Mountain Resources Corp. (RKY) will strive to maintain the information in this presentation in an accurate and

timely manner. However, the information contained in this presentation should not be solely relied upon when making

investment decisions. RKY does not warrant or make any representations as to the accuracy, completeness or content

of this information or any other information discussed or referenced in this presentation. This presentation contains

statements which may be deemed to be "Forward-Looking Statements" within the meaning of Section 27A of the

Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We may also

make written or oral forward-looking statements in our periodic reports, or in our annual report to shareholders, in our

proxy statements, in our offering circulars and prospectuses, in press releases and other written materials and in oral

statements made by our officers, directors, or employees to third parties. Statements that are not historical facts,

including statements about our beliefs and expectations, are forward-looking statements. These statements are based

on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-

looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of

them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important

factors could cause actual results to differ materially from those contained in any forward-looking statement.


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Rocky Mountain TeamBill Radvak, BASc President, CEO and Director

Mining & Mineral Process Engineering, UBC

Past and Present Director and/or Officer of 10 public companies

Founder, Former CEO, Response Biomedical Corp.

Brian McAlister, BS Chairman

President Cornet Capital; Founder of Midway Gold and Novadigm

Assisted more than 25 companies in fundraising and strategy

Alan Branham, MS, CPG Director

Exploration Geologist, 21 years with Newmont Mining

Director & Past President of Midway Gold

Brian Bayley, BA, MBA Director

President & CEO of Quest Capital

Past and present director and/or officer of over 25 public companiesBob Cross, BASc, MBA Advisor

20+ years of experience as a financier in the mining and oil & gas sectors

Co-founder and Chairman of Bankers Petroleum, Former Chairman of B2Gold, and

Former Chairman of Northern Orion Resources

Former Chairman and CEO of Yorkton Securities


4/20

Capital Structure (June 4, 2011)

(TSX.V:RKY)

Issued 18.1 million

Fully Diluted 22.6 million

1.4 million options

3.0 million warrants @ $.40

Current share price $0.45

Market cap $8.2 million

Cash & securities $4 M


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What is Vanadium?

Primarily used to strengthen steelLighter, stronger, corrosion resistant, weldable

High Strength, Low-Alloy Steels 1 lb HSLA = 1.4 lb carbon steel

Buildings, bridges, cranes, trucks, pipelines,

ships, engines, body panels, wheels, rails

85% of vanadium use

Alloy steels tools

Al Ti alloys Airframes, jet engines

Catalysts Primarily used in sulfuric acid production


6/20

Vanadium Growth Rate

Steel consumption growing ahead of GDP

Drivers: - Global stimulus spending

- India, China

0

10

20

30

40

50

60

70

2000 2001 2002 2003 2004 2005 2006 2007

Metrictons,tho

usands

Annual Vanadium ProductionSource: USGS


7/20

Wind and Solar Need Vanadium

Power surging into the grid is

a problem with solar and wind

Vanadium batteries are the

only battery that can rapidly

charge and discharge withlittle effect on the life of the

battery


8/20

Vanadium Battery Opportunity

Vanadium Lithium

Life Cycles 35,000 (30-50 years) 300 (3-5 years)

Rapid Charge and Discharge Minutes Hours

Self Discharge Low (stays charged) Normal

Metal Demand High Low

Application Size Larger Smaller

Heat Generation Low High (Dangerous)


9/20

Vanadium Lithium Battery

Subaru G4E Concept

Cathode Voltage(V)

Energy(kWh/kg)

Cost($, relative)

LiCoO2 3.7 0.518 1

LiMn2O4 4 0.4 0.04

LiFePO4 3.3 0.495 0.03

Li2FePO4F 3.6 0.414 0.08

Li3V2(PO4)3 4.8 0.624 0.4

LiVPO4F 4.1 0.492 0.84

*Byron Capital Markets


10/20

Vanadium Supply

No operating vanadium mines

in North America

39%

32%

27% 2%

Primary Vanadium

Production

China South Africa

Russia Other

Current V2O5 Price$7.25 per pound

China to become net importer


11/20

Gibellini Vanadium Project

Located 25 miles south of Eureka, Nevada

2,000 acres on BLM land unpatented claims

100% Rocky Mountain controlled

$145,000 Annual Prepaid Royalty

NSR 2.5%

Previous exploration on the property by

several operators including Union Carbideand Noranda

Historic exploration drilling > 160 holes


12/20

Vanadium Hill DepositLooking North

Vanadium Hill

Category Tons (MM)Grade

V2O5 (%)

Pounds V2O5Contained

Total Indicated 18.0 0.339 122 million

Total Inferred 2.8 0.282 16 million


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Rich Hill DepositLooking North 10 new holes in old drilling area

Similar geology to Vanadium Hill

Higher grade intercepts

Could add 50% to mine life


14/20

Vanadium Hill Long Section

GIV-1 GIV-2

GIV-3GIV-4


15/20

Gibellini Vanadium Project

Preparing for Feasibility Study

Potentially lowest cost primary vanadium

producer in the world

Would supply 5% of worlds current demand

for vanadium

Environmental permitting process underway

Metallurgical drilling underway
http://../Exploration/Gibellini.kmz


16/20

Process Flow SheetSulfuric Acid Heap Leach

Ore Delivery

Primary

Crushing

Secondary

Crushing

AgglomerationOre

Curing

Heap

BuildingPreg

Pond

SolventExtraction

Organic

Stripping

BarrenPond

AMV

Precipitation

V2O5Production

Purple

Flake

Production

No grinding

No roasting

Sample Head Grade

% V2O5

Recovery

-1/2 inch -2 inch

Oxide 0.25 59.7 63.7

Transition 0.33 66.3 74.1

Sulfide 0.33 52.3 No Test

*May not be required

*May not be required


17/20

AMEC Scoping Study

Description Base Case Alternate

Annual Tonnage, short tons 2,000,000 3,000,000

Mine Life, years 9 6

Annual Product, M lb V2O5 10 14

Capital Cost, $M 88 94

Operating Cost, $/ton 14.4 14.0

Operating Cost, $/lb V2O5 3.1 3.0

NPV @ 5%, $M 68 89

IRR After Tax 27% 40%

Non-Discounted Value (NDV)$M 198

NDV: -35% Process Cost, $M 270

NDV: +10% Recovery, $M 264

Scoping Study and 43-101

Technical Report by AMEC,

Oct 2008

Purposes of the Scoping Study:

Evaluate options for development,

preliminary mine production

plans, cost estimates +/- 30%,

preliminary project economics


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Milestones and Target DatesMar10

Jun10

Sep10

Dec10

Mar11

Jun11

Sep11

Dec11

Mar12

Jun12

Sep12

Dec12

Mar13

Non Exploratory Drilling

Feasibility Study

Metallurgical Testing

Environmental Assessment

Construction begins

Production


19/20

Competitive Advantages

One of the lowest cost & easiest vanadium operations

Favorable geology

Open pit with 1:5 (waste: ore) strip ratio

Heap leach with minimal, if any, crushing

Low capital cost

Best mining jurisdiction

Right size ore body cap costs, marketability

First to production

Lowest Risk

Strategic Opportunities and Exits


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Contact Information

Bill Radvak

President & CEO

Suite 1028, 550 Burrard Street

Vancouver, BC CanadaV6C 2B5

www.rkyresources.com

Tel (604) 488-5417Cell (778) 888-4101

Fax (604) 681-4692

[email protected]

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The Strength and Energy of Vanadium

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