Slide 1: 19 February 2020
19 February 2020
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement • This presentation contains summary information about RareX Limited (REE) and is current as of 18 February 2020. The information in this presentation is of a general background and does not purport to be complete. • This presentation is not investment or fina
Slide 3: Investment Highlights
Investment Highlights • Strategically Located Asset: RareX Limited (REE or RareX) is focused on developing its 100% owned Cummins Range Rare Earths Project located in Western Australia – a Tier 1 mining jurisdiction. • Significant Maiden JORC 2012 Resource: RareX has declared a significant rare eart
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management ASX Code REE Chairman John Young Share Price (17 February) $0.036 Executive Director Jeremy Robinson Shares on Issue 311m Non-Executive Director Shaun Hardcastle Market Capitalisation $11.2m Exploration Manager Guy Moulang Net Cash $2.2m Cons
Slide 5: Rare Earths
RareRare Earths Earths • Rare Earths are a group of 17 elements essential to the new world economy. They are grouped in to Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE). • RareX is focused on the production of LREE’s Neodymium-Praseodymium (NdPr) which are critical to the man
Slide 6: Rare Earth Permanent Magnets (REPMs)
Rare Earth Permanent Magnets (REPMs) Electric Vehicles • Whatever the type of EV (BEV, HEV PHEV) or the power source (Li Batteries, H Fuel Cells etc) they all use REPM motors. • Each EV requires approximately 1kg to 2kg of REPM which is used in rare earth magnets forming part of an EVs electric moto
Slide 7: Rare Earths Market
Rare Earths Market • China dominates production of SIMPLIFIED RARE EARTH SUPPLY CHAIN rare earths and rare earth magnets MINING accounting for 80% of global production representing a strategic weakness for the United States of America. • China has recently become significant importer of Rare Earths
Slide 8: Superior Location and Infrastructure
Superior Location and Infrastructure • Tier-1 Mining Jurisdiction: Located in the Kimberley region of Western Australia. • Airstrip and Township Nearby: 130km from Halls Creek Township and Airstrip. • Good Access: Accessible via Great Northern Highway, Tanami Track and pastoral tracks. • Established
Slide 9: Significant Maiden JORC 2012 Resource
Significant Maiden JORC 2012 Resource • Significant Maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019. • Weathered carbonatite with REE mineralisation mostly hosted within laterite horizon (same at Mt Weld). • Deposit outcrops and has dimensions amenable to low strip
Slide 10: Substantial Exploration Upside
Substantial Exploration Upside • No active exploration since 2011 with large part of 48.5 square km of ground remaining untested. • At least 2 NW-SW structures controlling the depth of weathering with higher grade - mineralisation remains open on these trends. • Passive seismic recently completed hi
Slide 11: Low Capital Strategy
Low Capital Strategy • Rare Earth mineralogy dominated SIMPLIFIED FLOWSHEET by monazite – monazite is the most well understood Rare Earth Mineral from a processing perspective. • RareX is working with industry experts to review test work and plan further optimisation to improve un-optimised concentr
Slide 12: Development Pathway
Development Pathway • Cummins Range is located in the Tier-1 mining jurisdiction of Western Australia situated on Jaru land. • RareX takes its social, environment and corporate governance responsibilities very seriously and has adopted an inclusive approach with stakeholders as it develops Cummins R
Slide 13: Exploration – Weld North
Exploration – Weld North • RareX has applied for a tenement called Weld North approximately 80km north of Mt Weld. • 5km wide airborne magnetic circular anomaly which RareX consider to be prospective for being caused by a REE- bearing circular carbonatite intrusive complex and sitting below regolith
Slide 14: NSW Cu/Au Assets – 35% Free Carried
NSW Cu/Au Assets – 35% Free Carried Recently announced partial sale of NSW Copper Gold assets to TSXV listed Kincora Copper: • RareX to retain a 35% free carry interest • RareX to receive upfront cash payments of circa A$200,000 • RareX to own circa 9.9% of TSXV listed Kincora Copper* • Kincora Copp
Slide 15: News Flow
News Flow SEPT QTR 2019 DEC QTR 2019 MAR QTR 2020 JUN QTR 2020 SEP QTR 2020 DEC QTR 2020 SHAREHOLDERS MEETING TO APPROVE PLACEMENT MAIDEN JORC 2012 RESOURCE MAIDEN DRILL PROGRAM METALLURGICAL PROGRAM RESULTS ASSAY RESULTS PRE-FEASIBILITY STUDY MOVE TO 100% OWNERSHIP OF CUMMINS RANGE PASSIVE SEISMIC
Slide 16: Jeremy Robinson - Executive Director
Jeremy Robinson - Executive Director Suite 23, 513 Hay Street, Subiaco WA Phone: 08 6143 6720 Email: info@rarex.com.au