Rarex Limited · ASX:REE
Rarex — Investor Presentation (June 2024)
19 slides from Rarex's investor presentation, Jun 5, 2024
Slide 1: Niobium & RE
RareX ASX: REE Niobium & RE rarex.com.au For personal use only Exploring Khaleesi New, district scale Niobium project Engineering Cummins Range Nb RE P 41 57-71 15 Australia’s largest undeveloped RE and P project June 2024 Niobium Rare Earths Phosphorus
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements For personal use only Investor Relations This presentation contains summary information about RareX Limited (REE) and is current as of 5 June 2024 and is authorised for release by the Board. The information in this Competent Person’s Statement - Geology: Th
Slide 3: Exploring and Engineering Carbonatites
Exploring and Engineering Carbonatites Exploring for Nb at Khaleesi whilst engineering Cummins Range and curating a value-add pipeline 1 New Khaleesi Project: Exploration 3 Projects Pipeline For personal use only 1000km2 Niobium-RE project in the East Yilgarn of WA RareX have already discovered
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Strongly supported $1.5M self-brokered placement. No Options, no fees, no discount1 ASX Code REE Share Price (31 May 2024) 62% of funds from existing shareholders A$0.016 Well-funded for exploration program through cash and For personal use only Shares on I
Slide 5: Vision and Journey of RareX
Vision and Journey of RareX Driven by a fundamental belief in the electronics revolution RareX ’18 Mineral ’21-’22 Exploring for ’23 Acquisition ’24 Foundation Resource growth Carbonatites Khaleesi For personal use only Built on the fundamental Australia’s largest un- Portfolio growth using internal
Slide 6: Khaleesi Project
Khaleesi 1 Project Carbonatite district One of the best Nb-RE districts in Australia For personal use only Adjacent to Mulga Rocks polymetallic U-RE deposit 45km along trend from highest grade RE intersection Exploration in Australia Near-by, and in same age rocks, as Mt Weld (Lynas) 2 Tier-1
Slide 7: Khaleesi Nb-RE
Khaleesi Nb-RE Newly acquired on attractive, low-cash terms Carbonatite district - Tier-1 exploration data deposits nearby >10,000m of Gold-Cupper- For personal use only Along strike from large but Nickel focussed AC drill data stranded carbonatites Drilling only targeting Au-Cu-Ni Ponton Dyke1,
Slide 8: New Discovery by RareX: Alkaline Intrusive Complex
New Discovery by RareX: Alkaline Intrusive Complex The Khaleesi 20km diameter intrusive complex identified Next steps of rapid, targeted exploration: Complex For personal use only Correct geochemical signatures Coincident geophysical structures FY24Q4 Right age of event - same at Mt Access a
Slide 9: Cummins Range Project
Cummins 1 Range Australia’s largest Project 2 For personal use only Largest undeveloped RE project1 1.6M tonnes of magnet rare earths 24M tonnes battery grade phosphates Expansion potential through near mine anomalies Engineering Validation step underway Mid-feasibility study with a focus on o
Slide 10: Australia's Largest Undeveloped RE Project in a Potential Carbonatite Swarm
Australia’s Largest Undeveloped RE Project… …in a Potential Outcropping HG resource Carbonatite Swarm 44Mt at 1% TREO For personal use only Significant upside in grade and scale from nearby anomalies Within total of 524.3Mt @ 4.6% P2O5, 0.31% TREO Scale with grade drives project value grow
Slide 11: Cummins Range Snapshot
Bulk Loading Facility access Cummins Range Snapshot 4Ha industrial land option Wyndham Port Positive project momentum Next steps For personal use only Kununurra Scoping Study1 forms the basis 1. Metallurgy in collaboration with offtake NPV8 post-tax: AU$ 333M IRR post-tax: 27% Product samples
Slide 12: Cummins Range Comparisons
Cummins Range Comparisons Total LOM Production Forecasts Forecast production comparable with peers 40 3.5% Scoping study modelled 31.7Mt @ 0.7% TREO from Cummins Range1 32 2.9% 2.8% Low capital intensity 31.7 Total Forecast Production, Mt For personal use only 29.5 Efficiency of capex deployment
Slide 13: Niobium Market
Niobium Market Steel and super-alloys Niobium is a hot market Critical metal Need for niobium follows steel WA1 Resources - 500% share price Concentrated supply (~75%) and super-alloys growth over 1 year3 For personal use only Niobium market growth projected at 9.92% CAGR [2024 - 2029]2 pr
Slide 14: Rare Earths Market
Rare Earths Market Demand growth Clean energy revolution Advanced RE projects 2 x growth by 2035 3 x growth by 2050 EVs and wind turbines attract big money EU Net zero ambition by 2050 – Australia: A$1.25b to ILU9, A$533m For personal use only $3.8T investment by 20501 to ARU10, A$22m to R
Slide 15: Investor Milestones 2024
Investor Milestones 2024 Exploration at Khaleesi. Engineering at Cummins Range Khaleesi Cummins Range Project pipeline For personal use only Nb-RE RE-P Carbonatites Preparing for targeted large- Focussing on offtake as Maximising portfolio value and scale drill programme catalyst to final definition
Slide 16: Board of Directors
Board of Directors Jeremy Robinson – Non-Executive Chairman John Young – Non-Executive Director Danny Goeman – Non-Executive Director For personal use only Shaun Hardcastle – Non-Executive Director Cameron Henry – Non-Executive Director Company Secretary Oonagh Malone Chief Executive Officer James D
Slide 17: References
For personal use only References
Slide 18: List Of Sources For Grade And Resource Graphs
List Of Sources For Grade And Resource Graphs Resource Source of data Source of data Source of data Source of data For personal use only Measured Resource, Mt 0 https://investors.rarex.com.au/announcements/6173995 5 https://wcsecure.weblink.com.au/pdf/ARU/02651944.pdf 43 https://asm-au.com/dubbo-pro
Slide 19: List Of Sources For Production Forecasts And Grade, Economics And Radionuclides
List Of Sources For Production Forecasts And Grade, Economics And Radionuclides Parameter Source of data Source of data Source of data For personal use only Total LOM Production Forecast https://www.investi.com.au/api/announcements/has/befee282- Tonnage, Mt 31.7 https://investors.rarex.com.au/announ