Search Minerals Inc. · TSXV:SMY
Search Minerals — Investor Presentation (July 2022)
23 slides from Search Minerals's investor presentation, Jul 19, 2022
Slide 1: Corporate Presentation July 2022
Proudly operating in St. Lewis, Newfoundland and Labrador, Canada Pioneering a Rare Earth Element jurisdiction and establishing a secure supply of REEs CORPORATE PRESENTATION July 2022 TSX-V: SMY OTCQB: SHCMF
Slide 2: Disclaimer
DISCLAIMER The information in this presentation is provided as of June 10, 2022 for informational purposes only, is not complete and does not contain all material information about Search Minerals including important disclosures and risk factors associated with the Company's business. This presentat
Slide 3: Search Minerals
SEARCH MINERALS Resource and • 63km long by 2km wide Critical Rare Earth Element District – SE Labrador, Canada • 2 – Resource Estimates (Foxtrot/Deep Fox), 3 more advanced prospects, 20+ potential excellent prospects infrastructure • Trans-Labrador Highway through District, on tidewater, 3 nearby c
Slide 4: The Future Is Green
THE FUTURE IS GREEN Canada targeting EU aiming for net- $1.7 trillion investment Major investments in net-zero by 2050, zero by 2050; 10+ EU in green technology; electric vehicle with green jobs and countries phasing out Executive Order to technology from legacy technology playing a internal combust
Slide 5: Rare Earth Market
RARE EARTH MARKET • China produces 80% of rare earth elements (REE) and consumes 60% • Magnet rare earths (“MagREEs” - Nd, Pr, Dy, Tb) have more than quadrupled in price over the past year – and are expected to continue to increase • Forecasted deficiencies from 16,000 per annum to over 68,000 tonne
Slide 6: Search Minerals and the REE Supply Chain
SEARCH MINERALS AND THE REE SUPPLY CHAIN Opportunity to fill these important …and provide valuable resources to build upstream and midstream categories… out the down stream supply chain REE Primary Secondary Further Metal and alloy Production of Exploration, production of processing of REE refinemen
Slide 7: District-Scale Opportunity
DISTRICT-SCALE OPPORTUNITY MAJOR DISCOVERIES • Foxtrot (April 2016 PEA) • Deep Fox (November 2019) • Fox Meadow (Drill ready) • Silver Fox • Awesome Fox INFRASTRUCTURE • On tidewater, connected to Trans-Labrador Highway, and local airstrip • local communities including St. Lewis, Mary’s Harbour, Por
Slide 8: Strategic Approach
STRATEGIC APPROACH • Forge strategic alliances with government, community, indigenous and industry partners • Establish Labrador as a secure global REE jurisdiction • Commence mining and concentrate production in Labrador • Advance processing technology and establish secondary and tertiary processin
Slide 9: 2022 Preliminary Economic Assessment Key Metrics
2022 PRELIMINARY ECONOMIC ASSESSMENT KEY METRICS Life of Mine 26 Years : Mining production: 720,000tpa Plant Capacity 2,000 tpd production rate Pre-Tax NPV8% and IRR $2.23 Billion and 55.3% After-Tax NPV8% and IRR $1.31 Billion and 41.5% Payback Period Pre-tax 1.8 years, After-tax 1.5 years Initial
Slide 10: 2021 Achievements
2021 ACHIEVEMENTS RESOURCE PROCESSING CORPORATE Drilling at Deep Fox to Successful bench test of Raised >$12M CDN in financing expand resource non-chemical processing flow sheet Advanced Fox Meadow Shipped 70 tonnes of bulk Accepted into Government of project to drill ready sample materials from Can
Slide 11: St. Lewis, Labrador Building and Facilities
ST. LEWIS, LABRADOR BUILDING AND FACILITIES Google earth TSX-V: SMY 11 OTCQB: SHCMF
Slide 12: Primary Non-Chemical Concentration
PRIMARY NON-CHEMICAL CONCENTRATION LIMS - Low intensity magnetic separator WHIMS – Wet High Intensity Magnetic separator TSX-V: SMY 12 OTCQB: SHCMF
Slide 13: Multi-Stage Processing – Flow Sheet
MULTI-STAGE PROCESSING – FLOW SHEET PRIMARY PROCESSING SECONDARY PROCESSING OUTPUTS NON-CHEMICAL LIMS – Iron Concentrate 95.4% PRIMARY Fe2O3 (magnetite) PRODUCTION HYDRO- METALLURGICAL WHIMS –Rare Earth element CRUSH AND PROCESSING concentrate 4.52% TREO with GRIND 93.4% TREO recovery LOW INTENSITY
Slide 14: Upstream and Mid Stream Processing
UPSTREAM AND MID STREAM PROCESSING PRIMARY PROCESSING SECONDARY PROCESSING Multi-generational mining opportunities Reduced environmental footprint, lower GHGs and reduced capital and operating costs Conventional truck and shovel open pit mine Potential new revenue stream for iron plan with potential
Slide 15: Patented, Scalable Secondary Processing Technology
PATENTED, SCALABLE SECONDARY PROCESSING TECHNOLOGY ● Patented proprietary process for direct REE extraction reduces capital and operating costs compared to traditional methods ● Process produces only dry, stackable residue—no wet tailings ponds, means lower environmental risks ● Search, ACOA, and In
Slide 16: Near Term Catalysts – Sprint to Production
NEAR TERM CATALYSTS – SPRINT TO PRODUCTION DATE EVENT RESOURCE • PEA for Deep Fox/Foxtrot – June 2022 o Using updated Deep Fox material – higher grades, simpler mining plan DEVELOPMENT o Using increased recovery rates of REE from successful pilot plant o Magnetic concentration adopted – reduction in
Slide 17: Development Activities
DEVELOPMENT ACTIVITIES 2022 2023 2024 2025 Ongoing Activities (Exploration/resource Ongoing Activities Ongoing Activites Ongoing Activities delineation, financing, offtake agreements) Complete Definitive Feasibility Construct Demo Plant Secure Secondary and Update preliminary economic Study Tertiary
Slide 18: Search Minerals Aligned with Canadian Minerals and Metals Plan
SEARCH MINERALS ALIGNED WITH CANADIAN MINERALS AND METALS PLAN ✓ Joined Accelerated ✓ Indigenous partner - ✓ Environmental baseline ✓ Developed proprietary ✓ Working within local ✓ Attract foreign investment Growth Services NunatuKavut Community studies Direct extraction communities in SE from North
Slide 19: Our History and Partnerships
OUR HISTORY AND PARTNERSHIPS 2013-14 2019 2021 Bench-scale proof of concept Optimization of pilot plant and Raised over $ 6M, completed 7000m supported by Atlantic Canada refinement of patented Deep Fox drill program, signed non- Opportunities metallurgy approach binding offtake agreement, listed fo
Slide 20: Corporate Information
CORPORATE INFORMATION Listed: TSX:V:SMY OTCQB: SHCMF Partners and Consultants Market Cap: $45.6M NunatuKavut Community Council ($ 0.11 share price) as at July 19, 2022 ACOA Newfoundland Industry, Energy, Shares O/S: 414,437,014 Technology Warrants: 52,217,336 Saskatchewan Research Council Options: 3
Slide 21: Leadership
LEADERSHIP Greg Andrews Todd Burlingame Dr. Randy Miller, PhD, Matthew Anderson, CPA Dr. David Dreisinger, President and CEO, Chief Operating P.Geo Chief Financial PhD. Director Officer Vice-President, Officer Vice-President, Metallurgy, Director Exploration Mr. Andrews received his Bachelor Todd Bu
Slide 22: Directors
DIRECTORS Greg Andrews Dr. David Dreisinger, Leo Power George Molyviatis Jocelyn Bennett President and CEO, PhD. Chairman, Director Director Director Director Vice-President, Metallurgy, Director Mr. Andrews received his Bachelor Mr. Power brings a wealth Mr. George Molyviatis is a Dr. Dreisinger ho
Slide 23: A Secure, Sustainable Future
A SECURE, SUSTAINABLE FUTURE Contact: Greg Andrews, President & CEO gregandrews@searchminerals.ca Tel: 604.998.3432 TSX-V: SMY OTCQB: SHCMF