Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Shareholder Meeting (November 2024)
14 slides from Ionic Rare Earths's shareholder meeting presentation, Nov 27, 2024
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy
ASX: IXR | FSE: 6UH For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy IonicRE Annual General Meeting 27 November 2024
Slide 2: Cautionary Statement
Cautionary Statement 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
Slide 3: REE Supply Chain and IonicRE Integration
REE Supply Chain and IonicRE Integration IONICRE IS LEADING THE SECURE SUPPLY OF MAGNET RARE EARTHS, LEVERAGING OUR SUSTAINABLE TECHNOLOGY, PIONEERING MAGNET RECYCLING TO DRIVE THE NEXT GENERATION OF WIND TURBINES, ELECTRIC VEHICLES, DEFENCE, AND ADVANCED MANUFACTURING For personal use only Long loo
Slide 4: Makuutu Rare Earths Project
For personal use only Makuutu Rare Earths Project • 60% owned by IonicRE • Mining Licence awarded in January 20241 • Updated Mineral Resource Estimate in May 20242 • Updated Exploration Target in May 20242 • Demonstration Plant has produced MREC to support offtake negotiations3 1. ASX 18th January 2
Slide 5: Leading Magnet Recycling and the Circular Economy of Rare Earths
For personal use only Leading Magnet Recycling and the Circular Economy of Rare Earths Belfast now first producer of recycled magnet REOs in Western world
Slide 6: Recycling Supply Chain and IonicRE Integration an early leader
Recycling Supply Chain and IonicRE Integration an early leader RECYCLING OFFERS A STEP CHANGE TO UNLOCK LOW CAPEX ALTERNATIVE SUPPLY CHAIN SOLUTIONS FOR IMMEDIATE MAGNET REO SOURCES TO CREATE INSULATED, SOVEREIGN CAPABILITY FOR WESTERN END USERS ACROSS DEFENCE, ENERGY TRANSITION AND ADVANCED MANUFAC
Slide 7: REO Price Sensitivity
REO Price Sensitivity NPV7.5 (post tax) Sensitivity to REO Prices 700 644 For personal use only 600 547 NPV7.5 (post tax) US$m 502 500 389 400 313 300 218 200 83 100 - Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6 Scenario 7 REO Pricing NPV7.5 (post tax) Average Project Life REO
Slide 8: Global OPEX Potential
Global OPEX Potential ESTIMATED OPERATING COST HAS POTENTIAL FOR FURTHER REDUCTIONS IN OTHER JURISDICTIONS Conversion Cost from Alloy Feedstock to REO Product For personal use only $30 Operating Cost Estimate US$/kg REO $25 $20 $15 $10 $5 $0 Belfast US Brazil Reagents Energy Labour Maintenance G&A 8
Slide 9: Policy Supporting Domestic Capability & Recycling
Policy Supporting Domestic Capability & Recycling UK refreshed the Critical Minerals Strategy in 2023 EU CRMA 2023 Regulation sets clear benchmarks for domestic For personal use only highlighting the Circular Critical Materials Supply Chains capacities along the strategic raw material supply chain a
Slide 10: Our Path to Commercialisation
Our Path to Commercialisation Rapid acceleration of our technology ready to scale globally 20x 40x For personal use only Scale Up Factor Lab scale Pilot scale Demonstration scale Commercial scale April 2022 July 2022 2023 / 2024 Funding discussions Demonstration Plant @ 24/7 plant underway operation
Slide 11: Peer Comparison
Peer Comparison Peers offering medium or long loop recycling offering from metal alloy feedstock (EOL magnets or swarf) back to either a mixed REO product or individually separated magnet REOs Demonstration For personal use only Product Location Status Plant Feed Valuation Capacity (tpa) Demonstrati
Slide 12: Viridion – Brazilian Joint Venture – Refining and Recycling
Viridion – Brazilian Joint Venture – Refining and Recycling • IonicRE and Viridis Mining and Minerals Ltd (ASX: VMM) announced 50/50 JV1 For personal use only • Viridion JV aims to construct a refinery and magnet recycling facility in Brazil utilising Ionic Technologies’ separation 50% 50% technolog
Slide 13: Cost Reduction
Cost Reduction SPEND ACROSS PROJECT REDUCED SIGNIFICANTLY THROUGH 2024 WITH DELIVERY OF DEMONSTRATION PLANTS IXR Quarterly Spend (A$m) – excluding Grant Funding For personal use only $8 Ionic Technologies Makuutu Corporate $7 $6 $5 A$m $4 $3 $2 $1 $0 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q
Slide 14: For personal use only
ASX: IXR | FSE: 6UH For personal use only Ionic Rare Earths Limited www.ionicre.com Level 5 South investors@ionicre.com 459 Collins Street Melbourne, T +61 3 9776 3434 Victoria, 3000, Australia
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