Northern Minerals Limited · ASX:NTU
Northern Minerals — Mines & Money Hong Kong 2012
22 slides from Northern Minerals's conference presentation, Mar 20, 2012
Slide 1: Mines & Money Hong Kong Presentation
For personal use only Mines & Money Hong Kong Presentation 20 March 2012 George Bauk Managing Director/CEO
Slide 2: Important Notice
Important Notice For personal use only This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or inv
Slide 3: Agenda
For personal use only Agenda Company Overview Value Proposition Rare Earths • Market • Browns Range • Pathway to Production • John Galt Gold and Uranium In Summary 3
Slide 4: Capital Structure
Capital Structure ASX Codes For personal use only NTU Ordinary Shares 203.6M* Listed Options NTUOA $0.20 expires 30 Sept 2012 8.5M NTUOB $0.15 expires 31 Mar 2012 8.0M Unlisted Options Various prices and expiry dates 8.8M Trading Summary Market Capitalisation (in AUD) Major Shareholders $92M (as at
Slide 5: Board & Management
Board & Management For personal use only George Bauk Adrian Griffin Kevin Schultz Dudley Kingsnorth Colin McCavana Managing Director / CEO Non Executive Director Non Executive Chairman Non Executive Director Non Executive Director - 20+ years mining - Specialising in mine - Formerly Managing - 20+ y
Slide 6: Value Proposition
Value Proposition Vision For personal use only To become the global benchmark in the production of heavy rare earth elements for the benefit of all our stakeholders Strategy • $90M* concentrator built at Browns Range Project by end of 2014 • To produce and deliver sufficient supplies of HREE for a d
Slide 7: High Value Heavy Rare Earths
High Value Heavy Rare Earths POINT OF DIFFERENCE IS THE MIX – OUTSTANDING DRILL RESULTS For personal use only “HEAVIES” Wolverine: 24m @ 2.18% TREO (2,072ppm Dy2O3) from 96m (to EOH) including 7m @ 5.35% TREO (5,151ppm Dy2O3) from 112m (to EOH) 33m @ 1.53% TREO (1,470ppm Dy2O3) from 54m 41m @ 1.01%
Slide 8: HREE – New Technology / New Energy
HREE – New Technology / New Energy For personal use only Dysprosium Short-Term (0–5 years) Criticality Matrix • Yttrium identified as “critical” by the US Energy Department. • Prized for magnetic properties under high temperatures for NdPr permanent magnets • Security of supply will stimulate more r
Slide 9: HREE – ROW on its own
HREE – ROW on its own For personal use only Strong Demand • Demand driven by high-tech applications in energy generation and efficiency applications • Strong demand but where’s the supply? • 2012 China export quotas create HREO supply issues with the introduction of 85:15 LREO:HREO split in export q
Slide 10: Browns Range Project
Browns Range Project For personal use only Northern Minerals 100% ownership and marketing rights Significant new HREE discoveries in 2009 & 2010 Focus to date on the Western Australian tenements, awaiting Northern Territory approval to begin exploration in the eastern portion of Browns Range Dome Ex
Slide 11: Pathway to Production
Pathway to Production Browns Range Project 2011 2012 2013 2014 2015 For personal use only Stakeholder Engagement Exploration JORC Resource Drilling Scoping Study (incl. desktop capex study) Metallurgy Testwork Environmental Studies and EIS Strategic Alliance Partner Engagement Pre Feasibility Study
Slide 12: Stakeholder Engagement / Environment
Stakeholder Engagement / Environment Stakeholders Engagement For personal use only • Aboriginal Heritage survey complete – diamond drilling • Met with the KLC (Kimberley Land Council) and CLC (Central Land Council) to provide an update of project status • Met with KRED (Kimberley Regional Economic D
Slide 13: Browns Range – Gambit
Browns Range – Gambit For personal use only Image looks south 13
Slide 14: Browns Range – Wolverine
Browns Range – Wolverine 41 RC drill holes and 11 diamond drill For personal use only holes completed to date – east-west trending mineralised zone encountered on western end of geochemical soil anomaly Significant widths of HREE mineralisation identified over a strike length of 200m Best drill inte
Slide 15: Browns Range – Wolverine
Browns Range – Wolverine For personal use only Structurally controlled hydrothermal mineralisation Xenotime mineralisation in quartz veined, brecciated, silicified and hematitic arkosic sandstones Mineralisation open at depth – tested down to 120m vertical Metallurgical test work on bulk RC drill sa
Slide 16: JORC Resource drilling – Wolverine
JORC Resource drilling – Wolverine For personal use only Diamond drilling completed at Wolverine – 11 holes for 1,357m completed in February 2012 First six diamond drill holes feature significant intersections of xenotime mineralisation, including 28m @ 1.77% TREO and 47m @ 0.82% TREO Indicates dept
Slide 17: Scoping Study
Scoping Study Bateman Engineering have For personal use only completed a desktop capital study based on this flowsheet assuming 0.75Mtpa plant. Process Plant $51M Infrastructure $12M EPCM $10M Contingency $13M Working Capital $ 3M -------- Total AUD$89M Operating Cost estimates have been complied un
Slide 18: Metallurgical Testwork / Offtake
Metallurgical Testwork / Offtake For personal use only • Successful testwork by Nagrom of approx 3 tonne of RC drill chips from 3 Browns Range prospects at cut off grades of ~0.25%, ~.50%, 1.0% • Testwork indicates excellent recovery (>80%) across all cut-off grades • Results prove that metallurgy i
Slide 19: John Galt HREE Project
John Galt HREE Project For personal use only Northern Minerals has option to acquire 100% of the project Similar mineralisation to Browns Range – high value HREE in xenotime Xenotime-hosted mineralisation identified at three different zones by previous explorers Historical drilling results# at only
Slide 20: John Galt HREE Project
John Galt HREE Project For personal use only Rock chip samples up to 42% TREO with approximately 95% Heavy REO Preliminary metallurgical tests indicate excellent recovery rates (>90%) with potential for concentrate grades >40% High grade mineralisation in talus (scree) material - a new exploration t
Slide 21: Gardiner-Tanami Project – Gold/Uranium
Gardiner-Tanami Project – Gold/Uranium For personal use only Gold Project located within Tanami Arunta region – a world-class gold province, with several plus million ounce deposits (Callie, Granites, Tanami) Gold geochemical soil anomalies defined in the Don-Venus prospect area Follow-up RC drillin
Slide 22: In Summary
In Summary Strategy For personal use only To produce and deliver HREO concentrate in 2015 2012 “Pathway to Production” • Deliver JORC resource at Browns Range • Ongoing exploration to build mineral inventory • Complete Pre-Feasibility Study • Advance HREO strategic off-take partner discussions Our A