Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Stockhead Investor Video Conference "Rare earths – rare upside" (September 2020)
13 slides from Ionic Rare Earths's conference presentation, Sep 16, 2020
Slide 1: Ionic Presenting at REE V-Con
16 September 2020 For personal use only IONIC PRESENTING AT REE V-CON Ionic Rare Earths Limited (“IonicRE” or “the Company”) (ASX: IXR) is presenting at the Stockhead video conference “Rare earths – rare upside”. Stockhead Investor Video Conference “Rare earths – rare upside ” The full video present
Slide 2: Investor Presentation: Advancing the Makuutu Rare Earths Project
For personal use only Investor Presentation Advancing the Makuutu Rare Earths Project 28 August 2020
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide shareholders with an
Slide 4: A Major, Low-Cost Rare Earths Development Opportunity
A Major, Low-Cost Rare Earths Development Opportunity For personal use only IXR developing the Makuutu Rare Earths Project • Makuutu is a strategically / geopolitically significant Rare Earth Elements (“REE”) project located in Uganda, at advanced exploration and development study stage • Confirmed
Slide 5: Updated Mineral Resource Estimate
Updated Mineral Resource Estimate For personal use only • 903m of drilling in 2019 and 2020 defining MRE • Makuutu Mineral Resource Estimate1 reported above a 300 ppm TREO less Ce2O3 marginal cut-off grade • MRE contains Clay domain only • 2020 drilling program resumed mid July • 3,700m Phase 2 core
Slide 6: Ionic Clay REE vs. Hard Rock REE Projects
Ionic Clay REE vs. Hard Rock REE Projects For personal use only Significant project and cost advantages associated with ionic clay projects like Makuutu MINING/PROCESSING STAGES IONIC ADSORPTION CLAY-HOSTED REE HARD ROCK-HOSTED REE Soft material, negligible (if any) blasting Hard rock; MINERALISATIO
Slide 7: Makuutu Basket – Strategic Alternative for CREO/HREO
Makuutu Basket – Strategic Alternative for CREO/HREO For personal use only • Product generated from metallurgical optimisation testwork1 infers La; 13.0% basket price of approx. US$34.40/kg REO using June 2020 spot pricing2 Y; 25.9% • Ionic Adsorption Clay (IAC) products achieve payability of 70-80%
Slide 8: Tier-One Infrastructure already there!
Tier-One Infrastructure already there! For personal use only Logistics ✓ Approximately 10 km from Highway 109, connecting Makuutu to both capital city Kampala and Port of Mombasa, Kenya ✓ Approximately 20 km from rail line connecting to Port of Mombasa Power ✓ Large hydroelectric generation capacity
Slide 9: Development highlights since Acquisition
Development highlights since Acquisition For personal use only • Announcing an updated Mineral Resource of 76.8 Mt @ 840 ppm Total Rare Earths Oxide (TREO) 1, at a cut-off grade of 300 ppm TREO-Ce2O3; while maintaining its Exploration Target at: 270 - 530 million tonnes grading 0.04 – 0.1% (400 – 1,
Slide 10: Target Pathway to Development
Target Pathway to Development For personal use only COMPLETED COMPLETE BY Re-assay of selected historical samples confirms presence of Rare Earths First-pass metallurgy confirms presence of ionic-clay hosted REEs Initial Core Drilling Program Phase 1 Metallurgical Testing recovers up to 75% TREE-Ce
Slide 11: Objective: Makuutu to Supply Low-Cost, High-Value Critical and Heavy Rare Earths
Objective: Makuutu to Supply Low-Cost, High-Value Critical For personal use only and Heavy Rare Earths ✓ Strategically and geopolitically significant Critical / Heavy Rare Earths supply in stable jurisdiction ✓ Strong interest for Makuutu as an ionic clay hosted REE deposits given their demonstrated
Slide 12: Ionic Rare Earths Limited Corporate Snapshot
Ionic Rare Earths Limited Corporate Snapshot For personal use only CAPITAL STRUCTURE (As At 27/08/2020) SHARE PRICE (ASX: IXR) (Last 14 months since Makuutu Acquisition) Shares Outstanding 2,696,128,086 Covid-19 0.014 448,000,000 0.012 Total Options Outstanding (exercisable at 0.75 to 1.8 cents) 0.0
Slide 13: Ionic Rare Earths Limited
For personal use only Ionic Rare Earths Limited Level 1, 34 Colin Street T +61 8 9481 2555 West Perth WA 6005 Australia F +61 8 9485 1290 www.ionicre.com.au