Slide 1: Progression of the Donald Project
Progression of the Donald Project One of Australia's Largest Undeveloped Rare Earth and Mineral Sands Projects Astron Corporation Limited (ASX:ATR) Corporate Presentation – October 2022 Astron Corporation ASX:ATR
Slide 2: Astron Corporation – Company Snapshot
Astron Corporation – Company Snapshot Astron’s (ASX:ATR) prime focus is on the delivery of Extensive experience shareholder value through the phased development of the Defined strategy to create and (30 years+) in mineral sands Donald Rare Earth and Mineral Sands Project in Victoria. deliver shareho
Slide 3: Experienced Board and Senior Management
Experienced Board and Senior Management Aligning organisational capabilities to the progression of the Donald Project George Lloyd Tiger Brown Chairman Managing Director George has 30 years resource industry and corporate business development and finance Tiger joined Astron in 2018, holding various
Slide 4: Donald Project - Globally Significant Rare Earth Resource
Donald Project - Globally Significant Rare Earth Resource Rare Earth Mineral Rich Assemblage Donald – Relative In-situ Rare Earth Resource & Grade2,3 Total contained in-site monazite resource of 2.0 Mt. One of the largest in Australia. 1,600 1,400 40% 35% 1,200 30% Expected Mine Life of 40+ years, h
Slide 5: Donald Project – Global Tier Resource
Donald Project – Global Tier 1 Resource Zircon Rich Heavy Mineral Assemblage Relative In-situ Resource & Grade of Ti & Zr of the Donald Project With zircon reserves equivalent to ~5 years of global demand, Donald has the potential 2.50% TiO2% of Ore2 to be a pivotal source of global zircon supply wi
Slide 6: Key Project Features
Key Project Features Project features include: 1. Location: ~300 kms north-west of Melbourne on mainly freehold, arable land used for cropping and grazing. 2. Donald comprises a total licenced area of 506 km2. Mining licence MIN5532 supports 35yrs of production at Phase 1 throughput, representing 13
Slide 7: Donald Project Development Timeline
Donald Project Development Timeline Technological innovations and market evolution cement Donald Project viability Historically, the commercial recovery of fine minerals has been seen as an impediment to the development of WIM-style deposits. Astron’s technology and extensive metallurgical testing o
Slide 8: Phased Development – Multiple Value Horizons
Phased Development – Multiple Value Horizons Phase 1 - FY2024 Phase 2 - FY2027+ Phase 3 – FY2030+ 1. 7.5 Mtpa Ore Throughput 1. Increase Throughput to 15 Mtpa 1. Further increase of throughput • REEC1 ~9ktpa • REEC ~17ktpa 2. Downstream opportunities - • HMC2 ~250ktpa • HMC ~500ktpa potential Rare E
Slide 9: Donald Project - Phase 1
Donald Project - Phase 1 Timely, lowest risk path towards production, opportunity to scale using cashflow • Conventional shallow, dry mining approach. Low strip Key Metrics1 ratio at 2.2:1 over life of mine, 1.9:1 over first four Revenue2 A$286m p.a.2 Mining REEC (50%) A$143m p.a. years of mining op
Slide 10: Rehabilitation & Environmental Management
Rehabilitation & Environmental Management Minimise environmental impact through sustainable mining & rehabilitation, assisting Astron’s social license 1. Excavation 2. Tailings Return • Mining operations will be conducted on mixed use, mainly cleared cropping land. • Steps will be taken to ensure mi
Slide 11: Donald Project Development Timeline
Donald Project Development Timeline Key catalysts for progressive value realisation via Astron’s defined execution strategy 2027+ Commencement of Phase 2 Q1 2024 Q3 2025 evaluation Commissioning of Phase 1 H1 2023 FID and commencement Q4 2022 Execute off-take agreements of Phase 1 construction Drill
Slide 12: Product Applications
Appendix 1 - Product Applications VALUE PROPOSITION Revenue %1 Product Applications • Creation of shareholder value through delivery of a globally significant Tier 1 rare earth and mineral sands project R.E. • Scale and longevity, premium zircon and rare earth production – represents a ~50% major va
Slide 13: Phase 1 – Key Regulatory Approvals & Permits
Appendix 2: Phase 1 – Key Regulatory Approvals & Permits Key Approval Requirement1 Completed Date Expiry ATR Land Holdings (In Donald Project Area)4 Environmental Effects Statement 2008 N/A On MIN5532 Environmental Protection & Bio-diversity Conversation Approval Mar-09 2034 831.3 Ha Cultural He
Slide 14: Project Upside – 2022 Drilling Campaign
Appendix 3: Project Upside – 2022 Drilling Campaign Discovered by CRA in the 1980s, the Donald tenement area and geology has been Cross-Section showing HM Grade at 5961500mN extensively evaluated. The project area has had a total of 2,789 drill holes over several drilling campaigns. The completed 20
Slide 15: Favourable Long-Term Rare-Earth Market Dynamics
Appendix 4: Favourable Long-Term Rare-Earth Market Dynamics Strong demand growth with limited new supply at a time when geopolitical tensions are increasing and major supply risks are emerging. • Significant supply deficits forecast from 2023 onwards, as supply grows Donald is expected to commence p
Slide 16: Favourable Long-Term Zircon Market Dynamics
Appendix 5: Favourable Long-Term Zircon Market Dynamics Stable demand with limited new supply at a time when existing supply sources are maturing – major supply risks emerging • Supply deficit forecast from 2023 onwards, 40% of existing supply is • Donald is expected to commence production when mark
Slide 17: High Value Rare Earth Concentrate Product Stream
Appendix 6: High Value Rare Earth Concentrate Product Stream Strategically positioned at the head of the value chain, Astron is in active discussions with Typical Donald Project Rare Earth Product1 prospective processing partners for off-take agreements. By producing a rare earth concentrate on- Com
Slide 18: Premium Zircon – Superior Attributes
Appendix 7: Premium Zircon – Superior Attributes Donald premium zircon, produced from Donald HMC, has been independently confirmed by Foshan Ceramics Institute (leading Chinese ceramics institute) to be suitable for the premium ceramics market. Astron has extensive and long-term engagement with Zirc
Slide 19: Donald Project – Ore Reserves Statement
Appendix 8: Donald Project – Ore Reserves Statement Based on the supporting mine planning completed, pit Table 1.1 Donald Mineral Sands Ore Reserve for RL 2002 at February 2021 inventories to support an Ore Reserve Estimate, in accordance Tonnes Slimes Oversize HM Ilmenite Leucoxene Rutile Zircon Mo
Slide 20: Donald Project - Mineral Resource Statement
Appendix 9: Donald Project - Mineral Resource Statement Table 1.2 Mineral Resource at a 1% Cut-off Table 1.3 Mineral Resource where VHM Data is Available at a Cut-off of 1% HM Tonnes HM Slimes Oversize Tonnes Slimes Oversize HM Ilmenite Leucoxene Rutile Zircon Monazite Classification Classification
Slide 21: Astron Corporation Simplified Organisation Chart
Appendix 10: Astron Corporation Simplified Organisation Chart Astron Corporation Limited ASX Listed (ASX:ATR) (Hong Kong) Astron Pty Limited Senegal Mineral Resources Astron Titanium (Yingkou) (Australia) (Hong Kong) Hong Kong Holdings Ltd. (Hong Kong) Donald Mineral Sands Pty Ltd Senegal Mineral Re
Slide 22: Astron Corporation Balance Sheet
Appendix 11: Astron Corporation Balance Sheet ASTRON LIMITED Audited as at CONSOLIDATED BALANCE SHEET 30 June 2022 ASSETS LIABILITIES Current Assets Current liabilities Cash and Cash equivalent 2,447,986 Trade and other payables 11,791,607 Term deposits greater than 90-days 46,112 Contract liabiliti
Slide 23: Further information
Further information Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: tiger.brown@astronlimited.com Joshua Theunissen Company Secretary Tel: +61 3 5385 7088 Email: Joshua.Theunissen@astronlimited.com Astron Corporation ASX:ATR