Slide 1: Becoming a Top 3 Australian Rare Earths Deposit
Becoming a Top 3 For personal use only Australian Rare Earths Deposit RIU Explorers Conference February 2022 ASX | REE rarex.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains summary information about RareX Limited (REE) and is current as of 16 February 2022 and is authorised for release by the Board. The information For personal use only in this presentation is of a general background and does not purpor
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~40% OTCQB Code REEEF Share Price (15 February 22) $0.115 Number of Shareholders ~5,200 Shares on Issue 452m Substantial Shareholder Simon Lee AO (6.5%) Market Capitalisation $52.0m Cash and Inve
Slide 4: Investment Overview
Investment Overview For personal use only • Strategically located asset: 100% owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Substantial resource: 18.8mt at 1.15% TREO + 0.14% Nb2O5, including 6.5mt at 1.98% TREO + 0.21% Nb2O5 • Outstanding recent results
Slide 5: Rare Earths – In Demand
Rare Earths – In Demand For personal use only Rare Earth Elements share common end uses undergoing massive growth through the technology revolution, End Market Applications Global End Market Growth Electric Passenger, commercial. Electric Vehicle trains and other motors transportation. Approx. 1kg N
Slide 6: Rare Earths Prices on the Rise
Rare Earths Prices on the Rise For personal use only NdPr Prices risen sharply over last few months - Currently US$160,000 / t 60 59 NdPr Demand growing at +9% CAGR over this decade Nd Neodymium Pr Praseodymium 200,000 Neodymium – Praseodymium Oxide 180,000 Price (NdPr) US$/t 160,000 2011 - Geopolit
Slide 7: ESG Framework
ESG Framework For personal use only • RareX Announced its Maiden ESG framework in September 2021 developed in conjunction with industry leader Price Waterhouse Cooper • RareX has aligned itself with the World Economic Forum “WEF” Principles • RareX already contributes 3.5% of its annual exploration
Slide 8: Significant JORC Resource
Significant JORC Resource For personal use only ∙ A large Rare Earth – Niobium – Phosphate rich carbonatite deposit located in the Kimberley region of Western Australia ∙ Globally significant Indicated and Inferred JORC Resource 18.9Mt at 1.15% TREO + 0.14% Nb2O5 ∙ High-grade tonnes to 6.5Mt at 1.98
Slide 9: Growing the Resource
Growing the Resource For personal use only Cummins Range unique geology points to high grade potential • Carbonatite intrusive complex with REE mineralisation controlled by hydrothermal fluids • Historical drilling mostly orientated in the wrong direction • Recognition of high-grade main fault / bre
Slide 10: Initial Diamond Results
Initial Diamond Results For personal use only • Exceptional assay results received for diamond hole CDX0016, targeting the north-western extension of the primary rare earths zone down-dip • The hole intersected a cumulative total of 51m at 2.5% TREO, comprised of four high-grade zones of: • 21.2m at
Slide 11: Exploration Target Announced
Exploration Target Announced For personal use only Exploration Target – February 20221 Lower Upper Grade Grade Tonnes Tonnes (TREO) (TREO) 23Mt 1.6% 41Mt 2.4% Exploration Target is in addition to current resource of 18.8mt at 1.15% TREO + 0.14% Nb2O5 1. The potential quantity and grade of the Explor
Slide 12: New Northern Phosphate Zone
New Northern Phosphate Zone For personal use only • Diamond hole CDX0015 intersected what is now referred to as the “Northern Phosphate Zone”, with a spectacular intercept of: • 71m at 15% P2O5 from 71.5m down-hole • This is the first time that primary phosphate mineralisation has been intersected a
Slide 13: Study Work
Study Work For personal use only • Recent exciting drilling results – potential change in Scope • Recently appointed GM Projects Mr James Durrant • Industry Leading experts now all appointed Consultant Scope Gavin Beer Rare Earth Element, metallurgical and general technical counsel Primero Lead cons
Slide 14: Key Investment Takeaways
Key Investment Takeaways For personal use only 1 High-quality, advanced Rare Earths Project in WA 2 Confirmation of high-grade primary mineralisation 3 Significant Exploration Target recently announced 4 Massive resource growth expected in 2022 5 Rare Earths prices rising strongly With a $50m market