Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Diggers & Dealers Mining Forum 2024
18 slides from Meteoric Resources Nl's conference presentation, Aug 5, 2024
Slide 1: Investor Presentation – Diggers & Dealers Mining Forum
For personal use only ASX:MEI INVESTOR PRESENTATION Diggers & Dealers Mining Forum | The Caldeira Ionic Absorption Clay REE Project 5 AUGUST 2024
Slide 2: Disclaimer
DISCLAIMER These materials prepared by Meteoric Resources NL (“Meteoric” or the “Company”) include forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “cont
Slide 3: Company Overview – MEI Snapshot
COMPANY OVERVIEW MEI SNAPSHOT ASX Code MEI For personal use only Share Price (2/08/24 Close) A$0.11 Shares on Issue 2.2 billion1 Options / Rights 176 million Market Capitalisation A$240.0 million Cash (Proforma at 30/6/24) A$41.4 million1 BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Execu
Slide 4: World Class Location and Infrastructure
WORLD CLASS LOCATION AND INFRASTRUCTURE An established mining region with access to low cost, renewable grid power • Poços de Caldas – Population 170k in a brownfields mining jurisdiction with a multi-generational workforce and service For personal use only provider ecosystem. • Located in the south
Slide 5: Process Flowsheet
PROCESS FLOWSHEET A simple process with low technical risk and high environmental compliance For personal use only No drill and blast No tailing dams No waste dumps METEORIC INVESTOR PRESENTATION | AUGUST 2024 5
Slide 6: Operating Costs
OPERATING COSTS Production from Caldeira will be placed at the bottom of the industry cost curve Cost Metrics Unit Years 1-5 Average LOM Average Why are operating costs so low? Annual C1 opex US$M 61 64 For personal use only • Free dig material Annual C1 opex US$/kg TREO 5.50 7.04 • Low mining strip
Slide 7: Rare Earths Production
RARE EARTHS PRODUCTION Attractive margins for NdPr production and TREO production throughout the cycle • Total production of 181kt REO within 317kt MREC over the • NdPr production generates a margin over discounted 20-year mine life Adamas pricing and spot pricing at 70% payabilities For personal us
Slide 8: World-Class Project Financials
WORLD-CLASS PROJECT FINANCIALS Potential to be the lowest cost supplier of rare earth elements in the global industry through the cycle For personal use only Operating costs Operating C1 High grade ore Initial capital NPV8% of Pre-tax IRR of at the bottom cash cost in the first five cost estimate of
Slide 9: Mining Operations
MINING OPERATIONS Favourable deposit amenable to simple, low-cost mining methods • Owner operated and undertaken by conventional truck and shovel arrangement, similar to other clay hosted lateritic deposits. For personal use only • Mining of a series of shallow open pits at no greater depth than 30m
Slide 10: Mine Scheduling
MINE SCHEDULING Ability to preferentially target high-grade ore in the early years of operations to maximise financial returns • Mine scheduling prioritises high-grade feed and areas 7.0 6,000 Mined Tonnes (Mt) by Classification closest to the process plant 6.0 5,000 For personal use only 5.0 • Very
Slide 11: Metallurgy and Processing
METALLURGY AND PROCESSING Simple, low-cost and the capacity to achieve high recoveries with minimal environmental impact • Clay mineralisation at Caldeira displays strong ionic behaviour over thick intervals using a standard AMSUL For personal use only wash • Metallurgical test work by ANSTO produci
Slide 12: Resource and Reserve Development
RESOURCE AND RESERVE DEVELOPMENT Multiple targets provide ongoing growth optionality Resource Infill Drilling For personal use only • Only six License areas drilled from the 69 available • 740Mt @ 2,572ppm TREO with four resource updates to follow with current infill drilling (ASX 5/8/24) • Exceptio
Slide 13: Key Development Programs
KEY DEVELOPMENT PROGRAMS Progressing critical workstreams with key partners Engineering / Pre-Feasibility ENHANCED GRADE • Pre-Feasibility due in Q1 2025 including new Figuera MRE For personal use only • Focus on driving further Capex and Opex reduction • Commencement of separated oxides scoping stu
Slide 14: Funding and Offtake
FUNDING AND OFFTAKE Low capital intensity and operating costs make Caldeira a highly financeable project in all market conditions • Rare earths projects are garnering significant government support in the form of debt and grant financing For personal use only • US$250M funding support received from
Slide 15: Community and Sustainability
COMMUNITY AND SUSTAINABILITY Caldeira has strong sustainability credentials and local support for its development • Community acceptance level of 89% returned from the social mapping component of the EIS Report indicates strong local support for the Caldeira project For personal use only • Non-bindi
Slide 16: Investment Proposition
INVESTMENT PROPOSITION Caldeira is the world’s most attractive rare earth development project and a true industry disruptor High grade resource For personal use only High recovery Simple flow sheet Low operating cost Low capital intensity Strong financial metrics METEORIC INVESTOR PRESENTATION | AUG
Slide 17: Contact Us
For personal use only CONTACT US Meteoric Resources ABN 64 107 985 651 W www.meteoric.com.au A Level 1, 35 Ventnor Avenue, West Perth WA 6005 Dr Andrew Tunks – Executive Chairman T +61 400 205 555 E ajtunks@meteoric.com.au Nick Holthouse – CEO T +61 428 964 276 E nholthouse@meteoric.com.au ASX:MEI
Slide 18: Caldeira Project Resource Estimates – 740Mt @ 2,572 ppm TREO
CALDEIRA PROJECT RESOURCE ESTIMATES – 740Mt @ 2,572 ppm TREO World’s Highest Grade Ionic Adsorption Clay REE Deposit (1,000ppm TREO cut-off grade) (ASX 5/8/2024) JORC Material Tonnes TREO PR6O11 Nd2O3 Tb4O7 Dy2O3 MREO MREO Licence Category Type /TREO ppm ppm ppm ppm ppm ppm For personal use only Cap
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