Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (September 2011)
34 slides from Northern Minerals's investor presentation, Sep 19, 2011
Slide 1: Investor Presentation September 2011
For personal use only Investor Presentation September 2011 George Bauk Managing Director ASX: NTU
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: Company Overview
Company Overview For personal use only High value, Heavy Rare Earth Elements Xenotime mineralisation – rich in yttrium (60-65%) and dysprosium (8-12%) Quality metallurgy – >40% concentrate via simple processing; crush, grind, magnetic separation and flotation Drilling ongoing – confirms HREE: – Brow
Slide 4: Focused on our HREE projects
Focused on our HREE projects For personal use only
Slide 5: Capital Structure
Capital Structure For personal use only ASX Codes NTU 12 Month Share Price NTU Ordinary Shares 174.9m* Listed Options NTUOA $0.20 expires 30 Sept 2012 8.6m NTUOB $0.15 expires 31 Mar 2012 12.4m Unlisted Options Various prices and expiry dates 8.3m Trading Summary Major Shareholders Market Capitalisa
Slide 6: Board & Management
Board & Management For personal use only George Bauk Adrian Griffin Kevin Schultz Dudley Kingsnorth Colin McCavana Managing Director Non Executive Director Non Executive Non Executive Director Non Executive Director Chairman - 20 years mining - Specialising in mine - 20+ years - Former Managing oper
Slide 7: REE - new technology, new energy
REE - new technology, new energy For personal use only
Slide 8: Dysprosium and Yttrium critical
Dysprosium and Yttrium critical For personal use only Dysprosium Assessed as “critical” by US Energy Dept. No known substitute Prized for heat and magnetic properties Plays a crucial role in clean energy, eg wind turbines and electric vehicles Yttrium Used in phosphors for energy efficient lighting,
Slide 9: HREE – serious supply shortfalls
HREE – serious supply shortfalls For personal use only China produces 95% of world’s REE and 99.8% of all Heavy REE Supply Rare LREE & HREE have distinctly different Earths 2010 20151 markets and industry drivers Group China ROW China ROW2 Shortage of Dysprosium (HREE in Lights shortest supply) coul
Slide 10: Heavy Rare Earth Prices
Heavy Rare Earth Prices For personal use only Comparison of selected average HREE Prices Rare Earths Price US$/kg FOB China1,2 Rare Earth Product 2009 2010 June 2011 Sept 2011 Europium Oxide $465 $626 $1,200 $4,870 Gadolinium Oxide $7 $44 $157 $192 Dysprosium Oxide $105 $295 $700 $2,290 Yttrium Oxid
Slide 11: What is Xenotime
What is Xenotime For personal use only Xenotime (YPO4) is a rare earth phosphate mineral rich in yttrium (60- 65%) and dysprosium (8-12%) A rare earth phosphate of low radioactivity A proven source of HREE’s for 50 years Similar mineral to monazite but much lower radioactivity Xenotime is paramagnet
Slide 12: Processing Xenotime
Processing Xenotime For personal use only Metallurgical beneficiation studies Nagrom Conceptual Flow Sheet completed by NAGROM with surface rock chip samples from Grizzly Primary Crush Rod Mill/ Ball Mill KEY Crushing/Grinding Wolverine, Gambit and Area 5 +0.8mm Magnetic Separation North Primary Scr
Slide 13: Browns Range – HREE Distribution
Browns Range – HREE Distribution For personal use only Browns Range Mt Weld (Lynas Corp) **By Volume *By Volume ***By Value *Based on August 2011 drilling program @ 0.2% cut-off grade TREE **Mt Weld REO composition data above sourced from the Lynas Corporation website ***Based on applying Sept 7 201
Slide 14: Browns Range Project
Browns Range Project For personal use only Drill Rig at Area 5 North in July 2011
Slide 15: Browns Range Project
Browns Range Project For personal use only Northern Minerals 100% ownership and marketing rights Significant new HREE discoveries in 2009 Focus to date on the Western Australian tenements in a focussed 5km2 area, awaiting Northern Territory approval to begin exploration in the eastern portion of Bro
Slide 16: Browns Range Project History
Browns Range Project History For personal use only 1980’s - Xenotime identified at Area 5 by PNC Exploration 2009 - HREE mineralised rock chip samples taken at Gambit prospect 2010 - Rock chip and soil sampling identified Wolverine and Area 5 North prospects and enhanced Gambit prospect - Metallurgi
Slide 17: Browns Range 2011 – Area 5 + Area 5 North
Browns Range 2011 – Area 5 + Area 5 North For personal use only Extensive (1km x 0.5km) soil geochemical anomaly identified 50 RC drillholes completed to date in 2011 – 37 at Area 5 North, 13 at Area 5 First assay results at Area 5 North include 12m @ 1.73% TREO including 5m @ 3.49% TREO (5m @ 0.32%
Slide 18: Browns Range 2011 – Gambit
Browns Range 2011 – Gambit For personal use only Extensive soil geochemical anomaly – over 2km in length First drilling commenced in July 2011 57 RC drill holes completed to date – partially tested an area approximately 600m x 200m
Slide 19: Browns Range 2011 – Gambit
Browns Range 2011 – Gambit For personal use only
Slide 20: Browns Range 2011 - Gambit Cross Section
Browns Range 2011 - Gambit Cross Section For personal use only Significant REO mineralisation (>0.2% TREO) intersected on all drill traverses across 600m zone Xenotime mineralisation in quartz veined, silicified and/or hematitic arkoses Structurally controlled hydrothermal mineralisation Multiple mi
Slide 21: Browns Range 2011 - Wolverine
Browns Range 2011 - Wolverine For personal use only Soil geochemical anomaly coincident with fault breccia structure 33 RC drill holes completed to date – east- west trending mineralised zone encountered on western end of geochemical anomaly Significant widths (up to 40m) of REE mineralisation ident
Slide 22: Browns Range 2011 - Regional
Browns Range 2011 - Regional For personal use only Browns Range Dome (BRD) - Possible new HREE province (unexplored for REE in NT) Palaeoproterozoic granitoid intruded into Browns Range metasediments Total Northern Minerals landholding in BRD area 1700km2
Slide 23: Browns Range – Work Program
Browns Range – Work Program For personal use only High resolution airborne magnetics and radiometric survey – completed RC Drilling program 10,000m at Area 5/Area 5 North and Gambit/Wolverine targets – ongoing On-going metallurgical studies of mineralisation from the four prospects – ongoing Diamond
Slide 24: John Galt Project
John Galt Project For personal use only Northern Minerals has option to acquire 100% of the project, secured in June 2010 Exciting REE prospect, tenement granted December 2010 Regional proximity to the Browns Range HREE Project Similar geology – high value HREE in xenotime mineralisation Detailed da
Slide 25: John Galt – Historical Exploration
John Galt – Historical Exploration For personal use only Xenotime-hosted mineralisation at three different zones Rock chip assays up to 53.5% TREO At Gadolin prospect three radiometrically anomalous zones extend over 360m along a N-S trending fault, with rock chip assays up to 17.6% TREO
Slide 26: John Galt – Historical Drilling
John Galt – Historical Drilling For personal use only Fan of nine diamond drill holes for 503m from two drill sites Every drill hole intercepted at least one mineralised zone Best intercepts: – 9.80m @ 1.58% TREO – 3.48m @ 3.48% TREO – 2.05m @ 5.98% TREO Not all downhole radiometric anomalous zones
Slide 27: John Galt - Work Program
John Galt - Work Program For personal use only High resolution airborne magnetics and radiometric survey – completed Reconnaissance geological investigations – completed Aboriginal Heritage Survey – Q3/4 2011 Detailed structural mapping and systematic program of rock chip and soil sampling – Q4 2011
Slide 28: Gold and Uranium Projects
Gold and Uranium Projects For personal use only
Slide 29: Gardiner-Tanami Project
Gardiner-Tanami Project For personal use only Gardiner-Tanami Large project, multiple uranium targets 100% ownership NTU now holds rights for all minerals Gardner Range JV 60% ownership JV with Manhattan (ASX:MHC)
Slide 30: Gardiner-Tanami Drilling
Gardiner-Tanami Drilling For personal use only Soma Intersected Gardiner Sandstone / Killi Killi formation Confirms large (8km) target for high grade unconformity mineralisation Follow-up drilling in 2011, plus drilling at Mt.Mansbridge North, Mt.Mansbridge South, Oracle and Deva targets (Total 5000
Slide 31: Gardner Range JV Geochemical Soil Anomalies
Gardner Range JV Geochemical Soil Anomalies For personal use only Several Au soil sampling anomalies (> 7ppb) up to 228ppb Venus anomaly extends for 1.2km Anomaly open to east (further soil sampling proposed) Drill testing (2500m) planned for Q4 2011
Slide 32: 2011 – The Year Ahead
2011 – The Year Ahead For personal use only Schedule of Exploration Program QTR 1 QTR 2 QTR 3 QTR 4 Rebranded to Northern Minerals Browns Range geophysics John Galt geophysics REE drilling at Browns Range Finalise NT tenements with T/Os Regional Browns Range HREE exploration Gardiner Tanami
Slide 33: Value Proposition
Value Proposition For personal use only High value, Heavy Rare Earth Elements Xenotime mineralisation – amenable to processing Metallurgy >40% concentrate grade Drilling underway - first results from Area 5 North of 12m @ 1.73% TREO backed up with 11m @ 2.07% TREO from Gambit Hit significant mineral
Slide 34: For more information
For more information For personal use only George Bauk Managing Director Suite 10, Level 2 12-14 Thelma Street West Perth WA 6005 T: +61 8 9481 2344 info@northernminerals.com.au www.northernminerals.com.au
Northern Minerals — Investor Presentation (September 2011) on 6ix