Slide 1: Ivigtût Rare Earth Elements Greenland Investor Presentation March 2024
IVITTUUT or (IVIGTÛT) RARE EARTH ELEMENTS GREENLAND For personal use only I N V E S T O R P R E S E N T A T I O N – MARCH 2 0 2 4
Slide 2: For personal use only
For personal use only
Slide 3: Corporate Summary
CORPORATE SUMMARY For over a decade we have focused on the asymmetry that exists in Corporate Snapshot understanding the importance of critical minerals versus the For personal use only ASX Code EPM challenges in developing viable critical mineral projects globally. FSE Code 9EU Greenland REE Focus
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS REE IN GREENLAND AND URANIUM IN THE NT For personal use only World Class potential for Projects held are Portfolio of World Scale Pipeline of high rare earths, base metals, close to infrastructure – Critical Metal Projects impact exploration industrial minerals, and port, roads
Slide 5: Greenland: Prospective for Rare Minerals with Established Mining Infrastructure
GREENLAND PROSPECTIVE FOR RARE MINERALS WITH ESTABLISHED MINING INFRASTRUCTURE Attractive mining environment in Greenland: Greenland hosts up to a quarter of the world’s rare earth mineralisation1 For personal use only ▪ ▪ Comparatively low sovereign risk, in a European territory ▪ Favorable mining
Slide 6: Ivigtût Project Area
IVIGTÛT PROJECT AREA GREENLAND MEL2007-45 (IVIGTÛT MINE & GRØNNEDAL REE DEPOSIT) Eclipse Metals Greenland Project Mission Statement For personal use only To understand and harness the unique geology of the area and rejuvenate the historical mine site; targeting the project’s poly-metallic and REE mi
Slide 7: Grønnedal Project: Enriched REE in Upper Levels
GRØNNEDAL PROJECT ENRICHED REE IN UPPER LEVELS • REE mineralisation at Grønnedal is widespread, deep-seated & open in all directions For personal use only • Trends associated with the distribution of the REE are complex, indicating enrichment at depth through leaching and precipitation Conceptual il
Slide 8: Grønnedal Project: Unlocking Rare Earth Potential
GRØNNEDAL PROJECT UNLOCKING RARE EARTH POTENTIAL Resource Estimate For personal use only Resource footprint is informed by integration of trench sampling and drilling data. Trench sampling was executed across a northwest oriented grid covering a 300m by 150m section within the carbonatite intrusion.
Slide 9: Grønnedal Project: Maiden Resource Estimates
GRØNNEDAL PROJECT MAIDEN RESOURCE ESTIMATES Classification Inferred Total NEODYMIUM AND PRASEODYMIUM-RICH REE Tonnage (t) 1,180,000 1,180,000 Grade Material Content MINERALISATION AT GRØNNEDAL Element For personal use only (ppm) (Tonnes) TREO 6,859 8,070 Mineral Resource Estimate (MRE): LREO 6,266 7
Slide 10: Grønnedal Project: All Drillholes Ended in REE Mineralization
GRØNNEDAL PROJECT ALL DRILLHOLES ENDED IN REE MINERALIZATION Indicating the potential to extend resource For personal use only REE mineralisation at Grønnedal Central and Northern covers 1.3km by 0.8km. Extrapolating the outcropping area of carbonatite only in the northern segment to a depth of only
Slide 11: Grønnedal Project: Exploration Target
GRØNNEDAL PROJECT EXPLORATION TARGET Northern Segment Exploration target is based on extrapolated tonnes per vertical metre of the carbonatite footprint Grønnedal Central Exploration Target (rounded) For personal use only Tonnes Tonnes TREO ppm TREO ppm Tonnes Tonnes Low High Low High TREO Low TREO
Slide 12: Rare Earths Identified Over 5km Strike at Grønnedal Deposit
RARE EARTHS IDENTIFIED OVER 5KM STRIKE AT GRØNNEDAL DEPOSIT, GREENLAND • Exploration target at Grønnedal, covers 3 km by 800 m within a 5 km by 2 km area & extends to a depth of 50m For personal use only • Review of data shows that over 1.4 million square metres of the surface area at Grønnedal is m
Slide 13: Partnering with Greenland for Our Mutual Benefit
PARTNERING WITH GREENLAND FOR OUR MUTUAL BENEFIT • Eclipse Metals is partnering with leading Greenland contractors: For personal use only ▪ Geologists ▪ Drillers ▪ Transport providers • Eclipse is working to preserve Ivigtût’s mining history, liaising with Sermersooq municipality to assist in restor
Slide 14: Achievements and Timeline
ACHIEVEMENTS AND TIMELINE IVIGTÛT AND GRØNNEDAL REE PROJECT PROGRESSION Rare Earths Upcoming Maiden drilling Identified Over News flow for and trench 5km Strike at 2024 For personal use only sampling Grønnedal ➢ Metallurgical Lab Work – March program Deposit saleable concentrate Acquisition of Initi
Slide 15: Ivigtût Mine: Historic Mine with Near Term Cash Flow Potential
IVIGTÛT MINE HISTORIC MINE WITH NEAR TERM CASH FLOW POTENTIAL Near-term production potential For personal use only ▪ Historic Ivigtût cryolite mine ▪ Produced 3.8 million tons of cryolite for use in aluminium production over 120 years – mining ceased in 1985 (Bondam, J, 1991) ▪ Close to existing inf
Slide 16: Ivigtût Mine Exploration Targets
IVIGTÛT MINE EXPLORATION TARGETS POTENTIAL ECONOMIC RESOURCES Range Mineral Zone Domain Cut Off (%) Tonnage (t) Grade (%) Exploration Target - Lower Cryolite in Domain 1 0 870,300 16.0 For personal use only Exploration Target - Upper Cryolite in Domain 1 0 916,200 17.7 Exploration Target - Lower Cry
Slide 17: Ivigtût High-Grade Quartz
IVIGTÛT HIGH-GRADE QUARTZ ▪ High-grade quartz and quartz sand is essential for HIGH PURITY QUARTZ (HPQ) MARKET VALUE production of photovoltaic (PV) products, in high-end SHARE (%), 2020 For personal use only electronics and semiconductors ▪ End uses include silicon, quartz glass, optical fiber, sol
Slide 18: Critical Raw Materials Act & ERMA (Europe)
CRITICAL RAW MATERIALS ACT & ERMA (EUROPE) EU's Critical Raw Materials Act (CRM Act) • Ensure the EU access to a secure and sustainable supply of For personal use only critical raw materials, enabling Europe to meet its 2030 climate and digital objectives.1 • EU to strategise raw material partnershi
Slide 19: Critical Raw and Rare Earth Elements
CRITICAL RAW AND RARE EARTH ELEMENTS • Rare earth elements are part of a group of 17 specialty elements used in various high-tech applications including, smartphones, For personal use only wind turbines, MRIs, hard disk drives, LEDs, electric motors and more. • REE projected to increase in global de
Slide 20: Critical Elements in REE Magnets: Neodymium & Praseodymium
CRITICAL ELEMENTS IN REE MAGNETS: NEODYMIUM & PRASEODYMIUM • Nd magnets are essential in the motors of EVs and hybrid vehicles, offering high efficiency and power • Pr magnets are used in wind turbine generators due to their ability to withstand high temperatures and corrosion. For personal use only
Slide 21: 2024 Planned Newsflow - Greenland
2024 PLANNED NEWSFLOW - GREENLAND For personal use only • Lab Testing: Assessing extractability of Rare Earth Elements from mineral deposits • RC/D Drilling: Resource Drilling Program - 2024 Field Season • Environment Assessment: Completion of scoping phase of Environmental & Social Impact Assessmen
Slide 22: Diversified Projects
Diversified Projects For personal use only Ivigtût REE Project Grønnedal REE Project Mary Valley Manganese Project (QLD) Rock Hill Copper Project Liverpool Uranium Project Ngalia Uranium Project (NT.Au) (NT.Au) (NT.Au)
Slide 23: Disclaimer
DISCLAIMER Statements contained in this material, particularly those regarding possible The Company is at an early development and exploration stage and although For personal use only or assumed future performance, costs, dividends, production levels reasonable care has been taken to ensure that the
Slide 24: Thank you
For personal use only Thank you Contact us for further information: Level 3, 1060 Hay Street, West Perth Western Australia 6005 Phone +61 8 9480 0420 | Email info@eclipsemetals.com.au www.eclipsemetals.com.au