Pensana Plc · LSE:PRE
Pensana — Investor Presentation (May 2025)
16 slides from Pensana's investor presentation, May 2025
Slide 1: Constructing one of the world's largest rare earth mines
Constructing one of the world’s largest rare earth mines Corporate presentation May 2025 LSE:PRE 1
Slide 2: Constructing one of the world's largest magnet metal rare earth mines
Pensana | Corporate presentation Constructing one of the world’s largest magnet metal rare earth mines to meet rapidly growing demand US$100+ million Market capitalisation • LSE main board listed with 292 million shares on issue (LSE:PRE). • On track to becoming the third largest Western Neodymium-P
Slide 3: Significant importance of Rare Earths in the global economy
Pensana | Corporate presentation Significant importance of Rare Earths in the global economy US$8 billion rare-earth industry enables US$3.2 trillion Rare Earth industry industrial and domestic applications US$16 Bn Offshore wind US$17 Bn Industrial robots • EV and Offshore wind turbines are the big
Slide 4: Lobito Corridor attracting global attention
Pensana | Corporate presentation Lobito Corridor attracting global attention • Angola recognised by the Fraser Institute1 as Africa’s second most improved jurisdiction for mining investment. • US$1.7bn of investment into Lobito corridor, with support from US government and African multilateral agenc
Slide 5: Unique near surface high grade ore body with access to world class infrastructure
Pensana | Corporate presentation Unique near surface high grade ore body with access to world class infrastructure Monte Sulima Overview West Verde • Mine life of over 20 years based on JORC ore reserve grade of 3.04% TREO Coola (Total Rare Earth Oxide) containing 139,000 tonnes NdPr oxide. • Mine a
Slide 6: Exciting new exploration discoveries at Coola and Sulima West
Pensana | Corporate presentation Exciting new exploration discoveries at Coola and Sulima West • Exciting new discoveries at Coola and Sulima West - 75 km north of Longonjo • Coola confirmed as a 900-metre diameter carbonatite ring dyke with similar scale and prospectivity to Longonjo. • Sulima West
Slide 7: Longonjo construction timeline: 18 months to initial production
Pensana | Corporate presentation Longonjo construction timeline: 18 months to initial production 2025 2026 2027 Item Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Construction Engineering and Design Procurement and manufacturing Site establishment and construction Commissioning Production Initial Production S
Slide 8: Current contemplated Longonjo funding structure
Pensana | Corporate presentation Current contemplated Longonjo funding structure 26% (~37% post Sovereign Wealth Fund, Multilateral Agency and Commercial conversion) Bank providing US$268 million debt and equity funding Pensana Plc FSDEA US$15m package 100% • Major South African commercial bank Absa
Slide 9: Low upfront Capex with strong cashflow, very highly leveraged to the NdPr price
Pensana | Corporate presentation Low upfront Capex with strong cashflow, very highly leveraged to the NdPr price 200.0 Item Longonjo | Stage 1 Longonjo | Stage 2 180.0 • MREC capacity of ~20kt p.a. • MREC capacity of ~40kt p.a. Production 160.0 • NdPr of ~2.4kt p.a. • NdPr of ~4.2kt p.a. LOM Avg. 14
Slide 10: Rare Earth Exchange top NdPr project ratings
Rating Notes 0.0 1.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 2.0 10.0 Lynas | Mount Weld (AU) 7.9 MP | Mountain Pass (US) 7.6 Serra Verde | Serra Verde (BR) 7.3 Pensana | Longonjo (AO) 7.0 Arafura | Nolans (AU) 6.7 China RE | Maoniuping (PRC) 6.4 China RE | South China (PRC) 6.3 Pensana | Corporate presentation
Slide 11: Positioned to be the next Western producer based on >100,000 tonnes NdPr Reserve
Pensana | Corporate presentation Positioned to be the next Western producer based on >100,000 tonnes NdPr Reserve, Low upfront Capex and Financing *Bubble Size = Lynas Market Capitalisation Reserve/Resource MP Arafura in tonnes of NdPr Capex US$1,049 In Production 200,000 Finance and in Pensana Cons
Slide 12: Through the Development and Financing period and coming into production
Pensana | Corporate presentation Through the Development and Financing period and coming into production as NdPr prices take off 2019 2021 • Issuance of • Mineral resource upgrade to 313Mt 700.00 • Completion of flotation pilot test and Production Longonjo Interim Feasibility Study generation of hig
Slide 13: Strategic partnerships
Pensana | Corporate presentation Strategic partnerships Strong demand for Longonjo’s Highly-Marketable Mixed Rare Earth Carbonate (MREC) • One of the only mine developers to offer a high value product available for export. • Executed letter of intent and MOU’s on offtakes for more than 200% of Stage
Slide 14: Looking to establish an independent downstream supply chain
Pensana | Corporate presentation Looking to establish an independent downstream supply chain Upstream Separation Metallisation Magnet Mine & Processing SX Refinery Strategic partnering Phase 1 • Convert MREC feedstock • Enables production of high ESG rated • 20,000 tpa MREC (2,4Kt NdPr) from Longonj
Slide 15: Morgan Stanley predicts one billion Humanoid robots by 2050
Pensana | Corporate presentation Morgan Stanley predicts one billion Humanoid robots by 2050 Morgan Stanley global insight report predicts seismic implications for Rare Earth sector • The report estimates that by 2050, the world could host 1 billion humanoid units generating US$ 4.7 trillion in annu
Slide 16: Cautionary Statement
Pensana | Corporate presentation CAUTIONARY STATEMENT This presentation and any additional documents presented (together the “Presentation Materials”) are being supplied to you Neither this document, nor any copy of it, may be taken or transmitted into any jurisdiction where it would be unlawful to