rocky mountain resources corp vanadium mining project

8/6/2019 Rocky Mountain Resources Corp Vanadium Mining Project

1/23

Rocky Mountain Resources Corp.

Bill Radvak

President & CEO

March 2010
http://www.rkyresources.com/index.php


2/23

Rocky Mountain Resources Corp.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 ourproxy 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.


3/23

Rocky Mountain Management

Bill 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

BS Finance, University of Denver

President Cornet Capital; assisted more than 25 companies in fundraising and strategy

Founder of Midway Gold Corp. and Novadigm

Alan Branham, MS, CPG Director

21 years with Newmont Mining, Exploration Geologist

President and COO, Midway Gold Corp.

Bob 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 Inc.


4/23

Capital Structure

(TSX:RKY)

Issued 17.9 million Fully Diluted 22.6 million

1.4 million options

3.2 million warrants @ $.40

Market cap $6.8 million

Current share price $0.38 Cash & securities $3.75 M


5/23

Stonegate Agricom is a 72% (undiluted) owned

subsidiary of Sprott Resource Corp.

Paris Hills, Idaho Phosphate Deposit has 304

million tons grading 27% P2O5 Mantaro, Peru Phosphate Deposit is 45 million

tonnes grading at 15% P2O5

Rocky Mountain sold Paris Hills Project toStonegate in 2009 for $1MM and 6MM shares

Stonegate IPO anticipated in H1, 2010

Stonegate Investment


6/23


7/23

Vanadium Battery Opportunity

Vanadium

Big metal demand

Longer life cycles 35,000

(30-50 years) Rapid charge and discharge

Low self charge (stays charged)

Easily expandable for large

capacity storage

Low heat generation

Lithium

Small applications

300 life cycles (3-5 years)

Can be compact More ideal for small battery use


8/23

Vanadium Lithium Battery

US Army's Aggressor Battery-Powered Vehicle

Vanadium increases range from40 km per charge to 200

Speeds over 200 km/hr

Superior torque & acceleration

Silent stealth movement

Range up to 400 km per charge


9/23

Wind and Solar Need Vanadium

Power surging into the

grid a problem with solar

and wind

Vanadium batteries the

only battery that can

rapidly charge and

discharge with little effecton the life of the battery


10/23

Vanadium Growth Rate

0

10

20

30

40

50

60

70

2000 2001 2002 2003 2004 2005 2006 2007

Metrictons,

thousands

Annual Vanadium Production

Source: USGS

Steel consumption growing ahead of GDP

Drivers: - Global stimulus spending

- India, China

China to become net importer


11/23

Vanadium Supply

Primary Sources Pig iron slag Ash, residue, spent catalyst Primary Production

Main Producing CountriesSouth Africa 75 Mlb/yrChina 60 Mlb/yrRussia 40 Mlb/yrUS 20 Mlb/yr

No operating vanadium minesin North America

Current V2O5 Price$7 per pound


12/23

Gibellini Vanadium Project

Located 25 miles south of Eureka, Nevada

Scoping study by AMEC suggests 40% IRR

Potentially lowest cost primary vanadiumproducer in the world

Could supply 5% of worlds current demand

for vanadium

Moving towards Environmental Studiesand Feasibility Stage

Next vanadium producer in the world?


13/23

Gibellini Vanadium Property

2,000 acres on BLM land - unpatented

mining claims

100% Rocky Mountain controlled

$145,000 Annual Prepaid Royalty

NSR 2.5%

Previous exploration on the property by

several operators including UnionCarbide and Noranda

Historic exploration drilling > 160 holes


14/23

Vanadium Hill DepositLooking North

Vanadium Hill

Category Tons (x 1000) GradeV2O5 (%)

Pounds V2O5Contained

Total Indicated 18,010 0.339 122 million

Total Inferred 2,839 0.282 16 million

2500 ft


15/23

Vanadium Hill Long Section

GIV-1 GIV-2

GIV-3GIV-4


16/23

Vanadium Hill Cross Section


17/23

Gibellini Project ViewLooking North

Vanadium Hill Deposit

2500 ft

Rich Hill Deposit


18/23

Rich Hill Discovery

10 new holes in old drilling area

Similar geology to Vanadium Hill

Good grade intercepts

Hit multiple vanadium horizons

Mineralization at surface

Open to the south


19/23

Process Flow SheetSulphuric Acid Heap Leach

Ore Delivery

Primary

Crushing

Secondary

Crushing

AgglomerationOre

Curing

Heap

BuildingPreg

Pond

SolventExtraction

Organic

Stripping

BarrenPond

AMV

Precipitation

V2O5Production

Purple

Flake

Production

- 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

Recovery

Sample

Head

Grade,

% V2O5


20/23

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 14Capital 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


21/23

Milestones and Target Dates

Submit EA to BLM for mine permits Q4 2010

Complete Feasibility Study Q2 2011

Permits granted Q4 2011

Construction begins Q1 2012

Production Q4 2012


22/23

Competitive Advantages

Lowest cost & easiest vanadium mining operation

Favorable geology Open pit with 1:4 (waste:ore) strip ratio

Heap leach with minimal, if any, crushing

Low capital and low risk

Best mining jurisdiction

Right size orebody cap costs, marketability

First to production

Strategic exits


23/23

Contact Information

Bill Radvak

President & CEO

Suite 1028, 550 Burrard Street

Vancouver BC CanadaV6C 2B5

www.rkyresources.com

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

Fax (604) 681-4692

[email protected]

rocky mountain resources corp vanadium mining project

Documents