Rarex Limited · ASX:REE
Rarex — Investor Presentation (March 2021)
17 slides from Rarex's investor presentation, Mar 2, 2021
Slide 1: Super-charging our rare earths growth strategy in 2021
For personal use only Super-charging our rare earths growth strategy in 2021 New partners and new opportunities at a time of rising REE prices Investor Presentation, March 2021 │ Jeremy Robinson, Managing Director
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains summary information about RareX Limited (REE) and is current as of 2nd March 2021. The information in this presentation is of a general background and does not purport to be For personal use only complete. This presentation is not in
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 with 22.1% NdPr • First Assays
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Shareholders For personal use only ASX Code REE Top 40 Shareholders ~40% Number of Shareholders ~5,200 Share Price (26th February 2021) $0.12 Substantial Shareholder Simon Lee AO (5.8%) Shares on Issue 433m Market Capitalisation $52.0m Share Price Net Cash $5.5m
Slide 5: Rare Earth Elements
Rare Earth Elements • Rare Earths are a group of 17 elements essential to the new world economy – grouped into For personal use only Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE) plus Yttrium and Scandium • RareX is focused on the production of LREE’s Neodymium-Praseodymium (
Slide 6: 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 form part of an EV’s electric motor. EV sale
Slide 7: Rare Earths Prices on the rise
Rare Earths Prices on the rise • Magnet Metals Neodymium (Nd) Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb) Prices have For personal use only risen sharply over past 3 months – These represent 93% of Basket Price for Cummins Range ore • Cummins Range Basket Price currently ~US$29/kg based on r
Slide 8: Cummins Range Rare Earths Project
Cummins Range Rare Earths Project • Tier-1 mining jurisdiction: Located in the Kimberley region of For personal use only 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 9: Recently Completed Drill Program
Recently Completed Drill Program For personal use only • Recently completed 6,143m of drilling • Neodymium and Praseodymium “NdPr” content of 22.1% and ultra low thorium of 50ppm ThO2 equals premium product • Weathered carbonatite with REE mineralisation mostly hosted within laterite horizon (same a
Slide 10: Recent High Grade Drill Results
Recent High Grade Drill Results For personal use only • Spectacular recent results from 2020 drill program include • 109m at 3.6% TREO and 0.44% Nb2O5 • 90m at 3.8% TREO and 0.29% Nb2O5 • 41m at 4.0% TREO and 0.21% Nb2O5 • Highlights high grade NW trending channel
Slide 11: Plans for 2021
Plans for 2021 For personal use only • Resource upgrade currently underway • Metallurgical test work currently • Drill planning underway – drilling expected late march early April • Both Diamond and RC to extend laterally and at depth • Stakeholder meetings ahead of Mining lease application
Slide 12: Low Capital Strategy
Low Capital Strategy • Rare Earth mineralogy dominated by monazite – the most PROPOSED AUSTRALIAN REFINERIES For personal use only well understood Rare Earth Mineral from a processing perspective • Kalgoorlie – • RareX consulting metallurgist Mr Gavin Beer to lead Lynas Rare metallurgical testwork o
Slide 13: MoU with Shenghe Resources
MoU with Shenghe Resources For personal use only • Shenghe Resources Holdings Co is a vertically integrated US$4.6Bn global rare earths producer • Non-Binding MoU executed with Global Rare Earths Producer Shenghe Resources on 4th February 2021 • Establishes framework for the formation of a jointly o
Slide 14: Shenghe Resources Holding Co
Shenghe Ressources Holding Co For personal use only • Shenghe Resources Holdings Co is a vertically integrated US$4.6Bn global rare earths producer • Listed on Shanghai Stock Exchange (600392) • Leading producer of rare earths, zirconium and titanium • Shenghe maintains significant global investment
Slide 15: NSW Copper-Gold Assets
NSW Copper-Gold Assets For personal use only • RareX retains a 35% free-carried interest over multiple projects and owns 7.8% of TSX:V-listed Kincora Copper • Kincora currently focussing on Trundle Project with 2 diamond drill rigs • About to List on ASX with A$8-10m raise • Kincora exploration led
Slide 16: Key Investment Takeaways
Key Investment Takeaways For personal use only High-quality, advanced Rare Earth Project in WA Recently completed major drilling program with significant assays Significant Global partner in Shenghe Resources Rare Earths prices rising strongly 100%-owned NSW gold exploration project in Tie
Slide 17: For personal use only
For personal use only