Vulcan Energy Resources Limited (VULNF) Discusses Pre-Feasibility Study Results for Phase 2 Project Ludwig and Progress on Lionheart Platform Transcript

SA Transcripts 162.08K Followers Follow Vulcan Energy Resources Limited ( VULNF ) Discusses Pre-Feasibility Study Results for Phase 2 Project Ludwig and Progress on Lionheart Platform September 3, 2026 1:00 AM EDT Company Participants Cristobal Moreno - CEO, MD & Director Presentation Cristobal Moreno CEO, MD & Director Well, good morning, good afternoon and good evening, everyone. It's Cris Moreno here, Managing Director and CEO of Vulcan. Wonderful to be with everybody again, particularly today being able to announce some great news regarding our preliminary feasibility study for our Phase 2 project. I will give it a few seconds just to make sure any remaining attendees can jump in to the Zoom and then we'll quickly jump into the presentation. It will be followed by a Q&A session. So there is a Q&A function in Zoom. And yes, we'll obviously address as many questions as we can at the end. But no, I'm looking forward to bringing everything up to speed today in Germany, in sunny Karlsruhe in our head office here, a lot of busy bees, all of them working very, very hard on the Lionheart project, which we'll talk about as well. Okay. Well, we'll get started now. It's 1 minute after. Phase 2, our PFS, Project Ludwig, really wonderful outcome over the last few months as the team has been pulling together the work to demonstrate a few things that we really want to and hopefully been explaining to the market over the last few months. At the end of the day, Phase 1, our Lionheart project, it is what delivers a repeatable platform. We've put a lot of effort, time and shareholder money into developing Lionheart. We know it's in construction. We know it's been fully funded. But it becomes effectively the platform for all future phases. Why? Well, Lionheart has already demonstrated through its integrated nature by using a brine resource that is Geothermal, we can create a lot and can afford