Vanadium: A Strenghening Alloy Charged With Potential

23 LÁRGO VANADIUM- RES O URCES TSX-V: LGO A STRENGTHENING ALLOY CHARGED WITH POTENTIAL VANADIUM IS A GREY TRANSITION METAL USED PRIMARILY AS Vanadium use by application: AN ADDITIVE TO STEEL AND AS A CHEMICAL CATALYST. NEW TECHNOLOGIES ARE NOVW EMERGING THAT COULD USE VANADIUM FOR ENERGY STORAGE. 92% Steel alloy 04% Titanium alloy 04% Chemical catalyst VANADIUM AS VANADIUM'S MOST IMPORTANT USE IS AS A STRENGTHENING ALLOY IN STEEL AND TITANIUM. AN ALLOY [ 2011 ] 01% = 2X Adding 0.1% vanadium content to steel will double its strength. MODEL-T Most widely used alloy for strengthening the steels used in bridges and buildings IMPRESSED BY ITS LOW WEIGHT AND HIGH STRENGTH, HENRY FORD USED V-STEEL IN THE CHASSIS, REDUCING THE CAR'S OVERALL WEIGHT TO ABOUT HALF THAT OF CONTEMPORARY AUTOMOBILES. VANADIUM AS A CHEMICAL CATALYST Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material on earth. EFFECTIVE FOR CREATING SULPHURIC ACID VANADIUM: FUTURE APPLICATIONS New demand for vanadium in the future could come from green technology applications. VANADIUM-REDOX BATTERIES ADVANTAGES: RECHARGEABLE FLOW BATTERIES THAT COULD BE WELL-SUITED FOR USE IN CONJUNCTION WITH HIGHLY VARIABLE POWER SOURCES SUCH AS WIND OR SOLAR POWER. HIGH AMOUNT OF CHARGE/DISCHARGE CYCLES CAN BE CHARGED AND DISCHARGED AT SAME TIME EXTREMELY SCALABLE CAN RAPIDLY RELEASE LARGE AMOUNTS OF ELECTRICITY CAN MAINTAIN IN READY STATE FOR LONG PERIODS HOW IT WORKS ELECTROLYTE TANK ELECTROLYTE TANK ELECTRODE DISADVANTAGES: REGENÉRATIV FUEL CELL ELECTROLYTE V5+ ELECTROLYTE V2+ LOWER ENERGY DENSITY SYSTEM IS COMPLEX IN CONTRAST TO OTHER STANDARD BATTERIES VS PUMP PUMP POWER SOURCELOAD LITHIUM-ION BATTERIES RESEARCH HAS SHOWN THAT VANADIUM CAN BE USED IN THE CATHODES AND ANODES OF LITHIUM-ION BATTERIES IN ELECTRIC CARS. Li-lon Modified Audi A2 EV travelled 603 km on a single charge Battery by DBM Energy: 97% efficient Charge < 10 minutes Subaru G4e ALL-ELECTRIC claims a 200km range and takes 15:00 = 80% charge SUPPLY & DEMAND 6 More steel will be consumed in the next 20 years than was consumed during the entire 20th century. - BHP Billiton '9 GLOBAL CRUDE STEEL PRODUCTION 1980-2025 2 500 000 South Africa 25% Projected Growth Rates 2010-2025 O Rest Of World China 36% 2 000 000 O Brazil, Russia, India, China 5.29% 1.18% BRIC U.S. 0% Rest of World 1500 000 World Total 3.35% Russia 36% Other 3% 1000 000 500 000 WORLD RESERVES MORE THAN 95% OF VANADIUM IS MINED IN SOUTH AFRICA, CHINA, OR RUSSIA. 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2012 2016 2019 2022 2025 FORECAST CONVENTIONAL DEMAND CHINA HAS MANDATED AN INCREASE IN QUALITY OF STEEL USED FOR REINFORCING BARS TO GRADE III. THEY MUST NOW USE VANADIUM IN STEEL OF ALL FUTURE NEW BUILDINGS. THE STEEL MARKET WILL CONTINUE TO BE DRIVEN BY BRIC COUNTRIES [BRAZIL, RUSSIA, INDIA, CHINA] 80% OF THIS GROWTH WILL BE IN THESE COUNTRIES. STEEL CAGR of 4.8% 92% Forecast for vanadium demand growth from steel 2010-2025 - TTP Squared Inc. OF VANADIUM GOES TO BUT THAT'S ONLY 9% OF STRENGTHEN STEEL. CURRENT STEEL MARKET. CHINA WILL SPEND $4.37 TRILLION (USD) ON INFRASTRUCTURE IN THE NEXT 10 YEARS OVERALL DEMAND 100 000 Conventional vanadium Demand (Tonnes) BYRON CAPITAL MARKETS Q4 2009 REPORT 90 000 Total projected vanadium demand (all applications) 2014 80 000 70%INCREASE IN OVERALL (FORECAST) DEMAND FOR VANADIUM (STEEL, CATALYST AND NEW ENERGY APPLICATIONS) 70 000 2009 60 000 Actual percentage of growth will depend on how and when vanadium redox and lithium-vanadium batteries 50 000 2009 2010 2011 2012 2013 2014 are commercialized into the marketplace. LARGO VANADIUM CONTINUES TO BE ESSENTIAL FOR BUILDING INFRASTRUCTURE CONCLUSION AS A STEEL STRENGTHENING AGENT. HOWEVER, THE REAL POTENTIAL OF VANADIUM LIES IN THE AREA OF ENERGY STORAGE AND GREEN ENERGY. TSX-V: LGO VISUAL CAPITALIST: EDUCATING A NEW www.visualcapitalist.com @VisualCap GENERATION OF INVESTORS ON RESOURCE INVESTING AND MANAGEMENT. VISUALCAPITALIST 000 MT PER YEAR 23 LÁRGO VANADIUM- RES O URCES TSX-V: LGO A STRENGTHENING ALLOY CHARGED WITH POTENTIAL VANADIUM IS A GREY TRANSITION METAL USED PRIMARILY AS Vanadium use by application: AN ADDITIVE TO STEEL AND AS A CHEMICAL CATALYST. NEW TECHNOLOGIES ARE NOVW EMERGING THAT COULD USE VANADIUM FOR ENERGY STORAGE. 92% Steel alloy 04% Titanium alloy 04% Chemical catalyst VANADIUM AS VANADIUM'S MOST IMPORTANT USE IS AS A STRENGTHENING ALLOY IN STEEL AND TITANIUM. AN ALLOY [ 2011 ] 01% = 2X Adding 0.1% vanadium content to steel will double its strength. MODEL-T Most widely used alloy for strengthening the steels used in bridges and buildings IMPRESSED BY ITS LOW WEIGHT AND HIGH STRENGTH, HENRY FORD USED V-STEEL IN THE CHASSIS, REDUCING THE CAR'S OVERALL WEIGHT TO ABOUT HALF THAT OF CONTEMPORARY AUTOMOBILES. VANADIUM AS A CHEMICAL CATALYST Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material on earth. EFFECTIVE FOR CREATING SULPHURIC ACID VANADIUM: FUTURE APPLICATIONS New demand for vanadium in the future could come from green technology applications. VANADIUM-REDOX BATTERIES ADVANTAGES: RECHARGEABLE FLOW BATTERIES THAT COULD BE WELL-SUITED FOR USE IN CONJUNCTION WITH HIGHLY VARIABLE POWER SOURCES SUCH AS WIND OR SOLAR POWER. HIGH AMOUNT OF CHARGE/DISCHARGE CYCLES CAN BE CHARGED AND DISCHARGED AT SAME TIME EXTREMELY SCALABLE CAN RAPIDLY RELEASE LARGE AMOUNTS OF ELECTRICITY CAN MAINTAIN IN READY STATE FOR LONG PERIODS HOW IT WORKS ELECTROLYTE TANK ELECTROLYTE TANK ELECTRODE DISADVANTAGES: REGENÉRATIV FUEL CELL ELECTROLYTE V5+ ELECTROLYTE V2+ LOWER ENERGY DENSITY SYSTEM IS COMPLEX IN CONTRAST TO OTHER STANDARD BATTERIES VS PUMP PUMP POWER SOURCELOAD LITHIUM-ION BATTERIES RESEARCH HAS SHOWN THAT VANADIUM CAN BE USED IN THE CATHODES AND ANODES OF LITHIUM-ION BATTERIES IN ELECTRIC CARS. Li-lon Modified Audi A2 EV travelled 603 km on a single charge Battery by DBM Energy: 97% efficient Charge < 10 minutes Subaru G4e ALL-ELECTRIC claims a 200km range and takes 15:00 = 80% charge SUPPLY & DEMAND 6 More steel will be consumed in the next 20 years than was consumed during the entire 20th century. - BHP Billiton '9 GLOBAL CRUDE STEEL PRODUCTION 1980-2025 2 500 000 South Africa 25% Projected Growth Rates 2010-2025 O Rest Of World China 36% 2 000 000 O Brazil, Russia, India, China 5.29% 1.18% BRIC U.S. 0% Rest of World 1500 000 World Total 3.35% Russia 36% Other 3% 1000 000 500 000 WORLD RESERVES MORE THAN 95% OF VANADIUM IS MINED IN SOUTH AFRICA, CHINA, OR RUSSIA. 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2012 2016 2019 2022 2025 FORECAST CONVENTIONAL DEMAND CHINA HAS MANDATED AN INCREASE IN QUALITY OF STEEL USED FOR REINFORCING BARS TO GRADE III. THEY MUST NOW USE VANADIUM IN STEEL OF ALL FUTURE NEW BUILDINGS. THE STEEL MARKET WILL CONTINUE TO BE DRIVEN BY BRIC COUNTRIES [BRAZIL, RUSSIA, INDIA, CHINA] 80% OF THIS GROWTH WILL BE IN THESE COUNTRIES. STEEL CAGR of 4.8% 92% Forecast for vanadium demand growth from steel 2010-2025 - TTP Squared Inc. OF VANADIUM GOES TO BUT THAT'S ONLY 9% OF STRENGTHEN STEEL. CURRENT STEEL MARKET. CHINA WILL SPEND $4.37 TRILLION (USD) ON INFRASTRUCTURE IN THE NEXT 10 YEARS OVERALL DEMAND 100 000 Conventional vanadium Demand (Tonnes) BYRON CAPITAL MARKETS Q4 2009 REPORT 90 000 Total projected vanadium demand (all applications) 2014 80 000 70%INCREASE IN OVERALL (FORECAST) DEMAND FOR VANADIUM (STEEL, CATALYST AND NEW ENERGY APPLICATIONS) 70 000 2009 60 000 Actual percentage of growth will depend on how and when vanadium redox and lithium-vanadium batteries 50 000 2009 2010 2011 2012 2013 2014 are commercialized into the marketplace. LARGO VANADIUM CONTINUES TO BE ESSENTIAL FOR BUILDING INFRASTRUCTURE CONCLUSION AS A STEEL STRENGTHENING AGENT. HOWEVER, THE REAL POTENTIAL OF VANADIUM LIES IN THE AREA OF ENERGY STORAGE AND GREEN ENERGY. TSX-V: LGO VISUAL CAPITALIST: EDUCATING A NEW www.visualcapitalist.com @VisualCap GENERATION OF INVESTORS ON RESOURCE INVESTING AND MANAGEMENT. VISUALCAPITALIST 000 MT PER YEAR 23 LÁRGO VANADIUM- RES O URCES TSX-V: LGO A STRENGTHENING ALLOY CHARGED WITH POTENTIAL VANADIUM IS A GREY TRANSITION METAL USED PRIMARILY AS Vanadium use by application: AN ADDITIVE TO STEEL AND AS A CHEMICAL CATALYST. NEW TECHNOLOGIES ARE NOVW EMERGING THAT COULD USE VANADIUM FOR ENERGY STORAGE. 92% Steel alloy 04% Titanium alloy 04% Chemical catalyst VANADIUM AS VANADIUM'S MOST IMPORTANT USE IS AS A STRENGTHENING ALLOY IN STEEL AND TITANIUM. AN ALLOY [ 2011 ] 01% = 2X Adding 0.1% vanadium content to steel will double its strength. MODEL-T Most widely used alloy for strengthening the steels used in bridges and buildings IMPRESSED BY ITS LOW WEIGHT AND HIGH STRENGTH, HENRY FORD USED V-STEEL IN THE CHASSIS, REDUCING THE CAR'S OVERALL WEIGHT TO ABOUT HALF THAT OF CONTEMPORARY AUTOMOBILES. VANADIUM AS A CHEMICAL CATALYST Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material on earth. EFFECTIVE FOR CREATING SULPHURIC ACID VANADIUM: FUTURE APPLICATIONS New demand for vanadium in the future could come from green technology applications. VANADIUM-REDOX BATTERIES ADVANTAGES: RECHARGEABLE FLOW BATTERIES THAT COULD BE WELL-SUITED FOR USE IN CONJUNCTION WITH HIGHLY VARIABLE POWER SOURCES SUCH AS WIND OR SOLAR POWER. HIGH AMOUNT OF CHARGE/DISCHARGE CYCLES CAN BE CHARGED AND DISCHARGED AT SAME TIME EXTREMELY SCALABLE CAN RAPIDLY RELEASE LARGE AMOUNTS OF ELECTRICITY CAN MAINTAIN IN READY STATE FOR LONG PERIODS HOW IT WORKS ELECTROLYTE TANK ELECTROLYTE TANK ELECTRODE DISADVANTAGES: REGENÉRATIV FUEL CELL ELECTROLYTE V5+ ELECTROLYTE V2+ LOWER ENERGY DENSITY SYSTEM IS COMPLEX IN CONTRAST TO OTHER STANDARD BATTERIES VS PUMP PUMP POWER SOURCELOAD LITHIUM-ION BATTERIES RESEARCH HAS SHOWN THAT VANADIUM CAN BE USED IN THE CATHODES AND ANODES OF LITHIUM-ION BATTERIES IN ELECTRIC CARS. Li-lon Modified Audi A2 EV travelled 603 km on a single charge Battery by DBM Energy: 97% efficient Charge < 10 minutes Subaru G4e ALL-ELECTRIC claims a 200km range and takes 15:00 = 80% charge SUPPLY & DEMAND 6 More steel will be consumed in the next 20 years than was consumed during the entire 20th century. - BHP Billiton '9 GLOBAL CRUDE STEEL PRODUCTION 1980-2025 2 500 000 South Africa 25% Projected Growth Rates 2010-2025 O Rest Of World China 36% 2 000 000 O Brazil, Russia, India, China 5.29% 1.18% BRIC U.S. 0% Rest of World 1500 000 World Total 3.35% Russia 36% Other 3% 1000 000 500 000 WORLD RESERVES MORE THAN 95% OF VANADIUM IS MINED IN SOUTH AFRICA, CHINA, OR RUSSIA. 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2012 2016 2019 2022 2025 FORECAST CONVENTIONAL DEMAND CHINA HAS MANDATED AN INCREASE IN QUALITY OF STEEL USED FOR REINFORCING BARS TO GRADE III. THEY MUST NOW USE VANADIUM IN STEEL OF ALL FUTURE NEW BUILDINGS. THE STEEL MARKET WILL CONTINUE TO BE DRIVEN BY BRIC COUNTRIES [BRAZIL, RUSSIA, INDIA, CHINA] 80% OF THIS GROWTH WILL BE IN THESE COUNTRIES. STEEL CAGR of 4.8% 92% Forecast for vanadium demand growth from steel 2010-2025 - TTP Squared Inc. OF VANADIUM GOES TO BUT THAT'S ONLY 9% OF STRENGTHEN STEEL. CURRENT STEEL MARKET. CHINA WILL SPEND $4.37 TRILLION (USD) ON INFRASTRUCTURE IN THE NEXT 10 YEARS OVERALL DEMAND 100 000 Conventional vanadium Demand (Tonnes) BYRON CAPITAL MARKETS Q4 2009 REPORT 90 000 Total projected vanadium demand (all applications) 2014 80 000 70%INCREASE IN OVERALL (FORECAST) DEMAND FOR VANADIUM (STEEL, CATALYST AND NEW ENERGY APPLICATIONS) 70 000 2009 60 000 Actual percentage of growth will depend on how and when vanadium redox and lithium-vanadium batteries 50 000 2009 2010 2011 2012 2013 2014 are commercialized into the marketplace. LARGO VANADIUM CONTINUES TO BE ESSENTIAL FOR BUILDING INFRASTRUCTURE CONCLUSION AS A STEEL STRENGTHENING AGENT. HOWEVER, THE REAL POTENTIAL OF VANADIUM LIES IN THE AREA OF ENERGY STORAGE AND GREEN ENERGY. TSX-V: LGO VISUAL CAPITALIST: EDUCATING A NEW www.visualcapitalist.com @VisualCap GENERATION OF INVESTORS ON RESOURCE INVESTING AND MANAGEMENT. VISUALCAPITALIST 000 MT PER YEAR 23 LÁRGO VANADIUM- RES O URCES TSX-V: LGO A STRENGTHENING ALLOY CHARGED WITH POTENTIAL VANADIUM IS A GREY TRANSITION METAL USED PRIMARILY AS Vanadium use by application: AN ADDITIVE TO STEEL AND AS A CHEMICAL CATALYST. NEW TECHNOLOGIES ARE NOVW EMERGING THAT COULD USE VANADIUM FOR ENERGY STORAGE. 92% Steel alloy 04% Titanium alloy 04% Chemical catalyst VANADIUM AS VANADIUM'S MOST IMPORTANT USE IS AS A STRENGTHENING ALLOY IN STEEL AND TITANIUM. AN ALLOY [ 2011 ] 01% = 2X Adding 0.1% vanadium content to steel will double its strength. MODEL-T Most widely used alloy for strengthening the steels used in bridges and buildings IMPRESSED BY ITS LOW WEIGHT AND HIGH STRENGTH, HENRY FORD USED V-STEEL IN THE CHASSIS, REDUCING THE CAR'S OVERALL WEIGHT TO ABOUT HALF THAT OF CONTEMPORARY AUTOMOBILES. VANADIUM AS A CHEMICAL CATALYST Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material on earth. EFFECTIVE FOR CREATING SULPHURIC ACID VANADIUM: FUTURE APPLICATIONS New demand for vanadium in the future could come from green technology applications. VANADIUM-REDOX BATTERIES ADVANTAGES: RECHARGEABLE FLOW BATTERIES THAT COULD BE WELL-SUITED FOR USE IN CONJUNCTION WITH HIGHLY VARIABLE POWER SOURCES SUCH AS WIND OR SOLAR POWER. HIGH AMOUNT OF CHARGE/DISCHARGE CYCLES CAN BE CHARGED AND DISCHARGED AT SAME TIME EXTREMELY SCALABLE CAN RAPIDLY RELEASE LARGE AMOUNTS OF ELECTRICITY CAN MAINTAIN IN READY STATE FOR LONG PERIODS HOW IT WORKS ELECTROLYTE TANK ELECTROLYTE TANK ELECTRODE DISADVANTAGES: REGENÉRATIV FUEL CELL ELECTROLYTE V5+ ELECTROLYTE V2+ LOWER ENERGY DENSITY SYSTEM IS COMPLEX IN CONTRAST TO OTHER STANDARD BATTERIES VS PUMP PUMP POWER SOURCELOAD LITHIUM-ION BATTERIES RESEARCH HAS SHOWN THAT VANADIUM CAN BE USED IN THE CATHODES AND ANODES OF LITHIUM-ION BATTERIES IN ELECTRIC CARS. Li-lon Modified Audi A2 EV travelled 603 km on a single charge Battery by DBM Energy: 97% efficient Charge < 10 minutes Subaru G4e ALL-ELECTRIC claims a 200km range and takes 15:00 = 80% charge SUPPLY & DEMAND 6 More steel will be consumed in the next 20 years than was consumed during the entire 20th century. - BHP Billiton '9 GLOBAL CRUDE STEEL PRODUCTION 1980-2025 2 500 000 South Africa 25% Projected Growth Rates 2010-2025 O Rest Of World China 36% 2 000 000 O Brazil, Russia, India, China 5.29% 1.18% BRIC U.S. 0% Rest of World 1500 000 World Total 3.35% Russia 36% Other 3% 1000 000 500 000 WORLD RESERVES MORE THAN 95% OF VANADIUM IS MINED IN SOUTH AFRICA, CHINA, OR RUSSIA. 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2012 2016 2019 2022 2025 FORECAST CONVENTIONAL DEMAND CHINA HAS MANDATED AN INCREASE IN QUALITY OF STEEL USED FOR REINFORCING BARS TO GRADE III. THEY MUST NOW USE VANADIUM IN STEEL OF ALL FUTURE NEW BUILDINGS. THE STEEL MARKET WILL CONTINUE TO BE DRIVEN BY BRIC COUNTRIES [BRAZIL, RUSSIA, INDIA, CHINA] 80% OF THIS GROWTH WILL BE IN THESE COUNTRIES. STEEL CAGR of 4.8% 92% Forecast for vanadium demand growth from steel 2010-2025 - TTP Squared Inc. OF VANADIUM GOES TO BUT THAT'S ONLY 9% OF STRENGTHEN STEEL. CURRENT STEEL MARKET. CHINA WILL SPEND $4.37 TRILLION (USD) ON INFRASTRUCTURE IN THE NEXT 10 YEARS OVERALL DEMAND 100 000 Conventional vanadium Demand (Tonnes) BYRON CAPITAL MARKETS Q4 2009 REPORT 90 000 Total projected vanadium demand (all applications) 2014 80 000 70%INCREASE IN OVERALL (FORECAST) DEMAND FOR VANADIUM (STEEL, CATALYST AND NEW ENERGY APPLICATIONS) 70 000 2009 60 000 Actual percentage of growth will depend on how and when vanadium redox and lithium-vanadium batteries 50 000 2009 2010 2011 2012 2013 2014 are commercialized into the marketplace. LARGO VANADIUM CONTINUES TO BE ESSENTIAL FOR BUILDING INFRASTRUCTURE CONCLUSION AS A STEEL STRENGTHENING AGENT. HOWEVER, THE REAL POTENTIAL OF VANADIUM LIES IN THE AREA OF ENERGY STORAGE AND GREEN ENERGY. TSX-V: LGO VISUAL CAPITALIST: EDUCATING A NEW www.visualcapitalist.com @VisualCap GENERATION OF INVESTORS ON RESOURCE INVESTING AND MANAGEMENT. VISUALCAPITALIST 000 MT PER YEAR 23 LÁRGO VANADIUM- RES O URCES TSX-V: LGO A STRENGTHENING ALLOY CHARGED WITH POTENTIAL VANADIUM IS A GREY TRANSITION METAL USED PRIMARILY AS Vanadium use by application: AN ADDITIVE TO STEEL AND AS A CHEMICAL CATALYST. NEW TECHNOLOGIES ARE NOVW EMERGING THAT COULD USE VANADIUM FOR ENERGY STORAGE. 92% Steel alloy 04% Titanium alloy 04% Chemical catalyst VANADIUM AS VANADIUM'S MOST IMPORTANT USE IS AS A STRENGTHENING ALLOY IN STEEL AND TITANIUM. AN ALLOY [ 2011 ] 01% = 2X Adding 0.1% vanadium content to steel will double its strength. MODEL-T Most widely used alloy for strengthening the steels used in bridges and buildings IMPRESSED BY ITS LOW WEIGHT AND HIGH STRENGTH, HENRY FORD USED V-STEEL IN THE CHASSIS, REDUCING THE CAR'S OVERALL WEIGHT TO ABOUT HALF THAT OF CONTEMPORARY AUTOMOBILES. VANADIUM AS A CHEMICAL CATALYST Vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material on earth. EFFECTIVE FOR CREATING SULPHURIC ACID VANADIUM: FUTURE APPLICATIONS New demand for vanadium in the future could come from green technology applications. VANADIUM-REDOX BATTERIES ADVANTAGES: RECHARGEABLE FLOW BATTERIES THAT COULD BE WELL-SUITED FOR USE IN CONJUNCTION WITH HIGHLY VARIABLE POWER SOURCES SUCH AS WIND OR SOLAR POWER. HIGH AMOUNT OF CHARGE/DISCHARGE CYCLES CAN BE CHARGED AND DISCHARGED AT SAME TIME EXTREMELY SCALABLE CAN RAPIDLY RELEASE LARGE AMOUNTS OF ELECTRICITY CAN MAINTAIN IN READY STATE FOR LONG PERIODS HOW IT WORKS ELECTROLYTE TANK ELECTROLYTE TANK ELECTRODE DISADVANTAGES: REGENÉRATIV FUEL CELL ELECTROLYTE V5+ ELECTROLYTE V2+ LOWER ENERGY DENSITY SYSTEM IS COMPLEX IN CONTRAST TO OTHER STANDARD BATTERIES VS PUMP PUMP POWER SOURCELOAD LITHIUM-ION BATTERIES RESEARCH HAS SHOWN THAT VANADIUM CAN BE USED IN THE CATHODES AND ANODES OF LITHIUM-ION BATTERIES IN ELECTRIC CARS. Li-lon Modified Audi A2 EV travelled 603 km on a single charge Battery by DBM Energy: 97% efficient Charge < 10 minutes Subaru G4e ALL-ELECTRIC claims a 200km range and takes 15:00 = 80% charge SUPPLY & DEMAND 6 More steel will be consumed in the next 20 years than was consumed during the entire 20th century. - BHP Billiton '9 GLOBAL CRUDE STEEL PRODUCTION 1980-2025 2 500 000 South Africa 25% Projected Growth Rates 2010-2025 O Rest Of World China 36% 2 000 000 O Brazil, Russia, India, China 5.29% 1.18% BRIC U.S. 0% Rest of World 1500 000 World Total 3.35% Russia 36% Other 3% 1000 000 500 000 WORLD RESERVES MORE THAN 95% OF VANADIUM IS MINED IN SOUTH AFRICA, CHINA, OR RUSSIA. 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2012 2016 2019 2022 2025 FORECAST CONVENTIONAL DEMAND CHINA HAS MANDATED AN INCREASE IN QUALITY OF STEEL USED FOR REINFORCING BARS TO GRADE III. THEY MUST NOW USE VANADIUM IN STEEL OF ALL FUTURE NEW BUILDINGS. THE STEEL MARKET WILL CONTINUE TO BE DRIVEN BY BRIC COUNTRIES [BRAZIL, RUSSIA, INDIA, CHINA] 80% OF THIS GROWTH WILL BE IN THESE COUNTRIES. STEEL CAGR of 4.8% 92% Forecast for vanadium demand growth from steel 2010-2025 - TTP Squared Inc. OF VANADIUM GOES TO BUT THAT'S ONLY 9% OF STRENGTHEN STEEL. CURRENT STEEL MARKET. CHINA WILL SPEND $4.37 TRILLION (USD) ON INFRASTRUCTURE IN THE NEXT 10 YEARS OVERALL DEMAND 100 000 Conventional vanadium Demand (Tonnes) BYRON CAPITAL MARKETS Q4 2009 REPORT 90 000 Total projected vanadium demand (all applications) 2014 80 000 70%INCREASE IN OVERALL (FORECAST) DEMAND FOR VANADIUM (STEEL, CATALYST AND NEW ENERGY APPLICATIONS) 70 000 2009 60 000 Actual percentage of growth will depend on how and when vanadium redox and lithium-vanadium batteries 50 000 2009 2010 2011 2012 2013 2014 are commercialized into the marketplace. LARGO VANADIUM CONTINUES TO BE ESSENTIAL FOR BUILDING INFRASTRUCTURE CONCLUSION AS A STEEL STRENGTHENING AGENT. HOWEVER, THE REAL POTENTIAL OF VANADIUM LIES IN THE AREA OF ENERGY STORAGE AND GREEN ENERGY. TSX-V: LGO VISUAL CAPITALIST: EDUCATING A NEW www.visualcapitalist.com @VisualCap GENERATION OF INVESTORS ON RESOURCE INVESTING AND MANAGEMENT. VISUALCAPITALIST 000 MT PER YEAR