Slide 1: Exploring and developing rare earths projects in Australia
For personal use only Exploring and developing rare earths projects in Australia Plus, high-potential copper-gold exploration in NSW Investor Presentation, July 2020 │ Jeremy Robinson, Executive Director
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 27 June 2020. The information in this presentation is of a general background and does not purport to be complete. This presentation is not inve
Slide 3: 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 • Significant maiden JORC 2012 Rare Earths Mineral Resource: Inferred Resource of 13Mt at 1.13% TREO • Rare Earths exploration and d
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 20 Shareholders 40% Number of Shareholders 1,873 Share Price (27 July 2020) $0.066 Shares on Issue 356m Market Capitalisation $23.5m Net Cash $3.4m Listed Investments (14.95m TSXV:KCC) $2.4m Enterprise Value $17
Slide 5: Cummins Range Rare Earths Project
Cummins Range Rare Earths Project For personal use only • Tier-1 mining jurisdiction: Located in the Kimberley region of Western Australia • Airstrip and township nearby: 130km from Halls Creek Township and Airstrip. • Good access: Accessible via Great Northern Highway, Tanami Track and pastoral tra
Slide 6: Substantial JORC 2012 Resource
Substantial JORC 2012 Resource For personal use only • Significant maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019 • Neodymium and Praseodymium “NdPr” content of 22.1% plus ultra low thorium of 50ppm ThO2 equals premium product • Weathered carbonatite with REE miner
Slide 7: Exploration Plan
Exploration Plan For personal use only • 6,000m RC drilling program was scheduled for April 2020 (prior to COVID-19), designed to: • 1. Convert higher grade portion of Resource from Inferred to Indicated • 2. Expand the Resource • 3. Collect samples for metallurgical testwork • 4. Make additional di
Slide 8: Low Capital Strategy
Low Capital Strategy For personal use only • Rare Earth mineralogy dominated by monazite – the most SIMPLIFIED FLOWSHEET well-understood Rare Earth Mineral from a processing perspective • RareX is working with industry experts to review test work and plan further optimisation to improve un-optimised
Slide 9: Exploration – Weld North
Exploration – Weld North For personal use only • RareX has recently been granted a tenement called Weld North, approximately 80km north of Mt Weld – aiming to drill following completion of the current program at Cummins Range • Contains a 5km wide airborne magnetic circular anomaly which RareX consi
Slide 10: NSW Copper-Gold Assets
NSW Copper-Gold Assets For personal use only • RareX recently sold a 65% interest in its NSW copper-gold assets to TSXV-listed Kincora Copper (KCC) • RareX retains a 35% free-carried interest and owns 9.6% of Kincora Copper’s listed equity • Kincora has commenced a fully-funded 3,800m drill program
Slide 11: Trundle Project – 35% Free-Carried
Trundle Project – 35% Free-Carried For personal use only • The only brownfields porphyry project held by listed juniors in the Macquarie Arc • Trundle is in the western section of the Northparkes intrusive complex, which hosts the second largest porphyry mine in Australia • Extensive near-surface po
Slide 12: Trundle Project – 35% Free-Carried
Trundle Project – 35% Free-Carried For personal use only • Exploration program being driven by highly experienced team at Kincora Copper, led by John Holliday • Stage 1 drilling targeting three initial areas currently underway: • Trundle Park – 2 of 2 holes completed • Mordialloc – 2 holes being ext
Slide 13: Trundle Project – Trundle Park Target
Trundle Project – Trundle Park Target For personal use only • 51m at 1.17g/t gold and 0.54% copper from 39m in skarn at Trundle Park • Similar in style to the Big Cadia skarn that is peripheral to the Cadia porphyry copper-gold deposits • Highly encouraging 21.5m at 0.25g/t gold and 0.03% copper to
Slide 14: Trundle Project – Mordialloc Target
Trundle Project – Mordialloc Target For personal use only • First drill hole (TRDD002) delivered anomalous gold, copper and molybdenum assays to the bottom of the hole • Second drill hole (TRDD005) also encountered visually encouraging mineralisation • Assay results, independent and internal expert
Slide 15: Other Free-Carried NSW Projects
Other Free-Carried NSW Projects For personal use only • Fairholme and Jemalong, located near Evolution’s Cowal Gold Mine – highly prospective for new undercover discoveries • Condobolin – Prospective for VHMS style Base Metal and Gold Deposits • Cundumbul – located south of exciting new Boda Discove
Slide 16: Orange East – 100% Owned
Orange East – 100% Owned For personal use only • Located ~15km along strike from Regis Resources’ 2Moz McPhillamys Gold Deposit • Strong geological and geochemical similarities to McPhillamys including: Both hosted in the Silurian volcaniclastic rocks of the Anson Formation adjacent to the GCFZ
Slide 17: Key Investment Takeaways
Key Investment Takeaways For personal use only High-quality, advanced Rare Earth Project in WA Clear development strategy and drill program underway Building a portfolio of high-quality Rare Earth assets Significant exposure to NSW porphyry copper-gold exploration 100%-owned NSW gold explo
Slide 18: Appendices
For personal use only Appendices Investor Presentation, June 2020 │ Jeremy Robinson, Executive Director
Slide 19: Rare Earths
Rare Earths For personal use only • Rare Earths are a group of 17 elements essential to the new world economy – grouped in to Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE) • RareX is focused on the production of LREE’s Neodymium-Praseodymium (NdPr) which are critical to the m
Slide 20: Rare Earth Permanent Magnets (REPMs)
Rare Earth Permanent Magnets (REPMs) For personal use only Electric Vehicles • Whatever the type of EV (BEV, HEV PHEV) or the power source (Li Batteries, H Fuel Cells etc) they all use REPM motors. • Each EV requires approximately 1kg to 2kg of REPM which is used in rare earth magnets forming part o
Slide 21: Rare Earths Market
Rare Earths Market SIMPLIFIED RARE EARTH SUPPLY CHAIN For personal use only • China dominates production of rare earths and rare MINING earth magnets accounting for 80% of global production representing a strategic weakness for the United States of America. • China has recently become significant im
Slide 22: For personal use only
For personal use only