Brazillian Critical Minerals Limited · ASX:BCM
Brazillian Critical Minerals — Brazilian Critical Minerals — Technical Presentation (February 2025)
23 slides from Brazillian Critical Minerals's technical presentation, Feb 26, 2025
Slide 1: Ema Scoping Study
For personal use only Ema Scoping Study 26 February 2025 In-situ recovery Rare Earths Ultra Low Capex Ultra Low Opex Production
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Brazilan Critical Minerals limited (company). Competent person statement For personal use only This important notice and disclaimer applies to this presentation and any information provided in relation to or in connection with the information contain
Slide 3: Brazilian REE Landscape
Brazilian REE Landscape EMA Rare Earths For personal use only Apuí Rare Earths $11M Serra Verde Brazilian Rare Earths $512M EMA Rare Earths Project Colossus Project $27M Caldera Project 30 km south from Apuí $154M
Slide 4: In-situ recovery mining
In-situ recovery mining The most cost effective, environmentally friendly In-situ recovery is a well understood rare For personal use only method of mining earth mining method Significant contributor to current world production output RIGHT RIGHT RIGHT NO NO NO Geology Style of Mineralisation Hydrog
Slide 5: 4-step flow sheet enables very low Capex – US$55M
4-step flow sheet enables very low Capex – US$55M For personal use only Processing Plant 1 2 3 4 Steps 2 – 3 -4 Impurity Precipitation MREC Top Soil Removal Saprolite recycled reagents Saprock (orezone) Basement Rock Insitu leach - low CAPEX - low OPEX Multiples lower Capex vs all other REE projects
Slide 6: Highly Profitable at US$60/kg NdPr (Spot Price)
Highly Profitable at US$60/kg NdPr (Spot Price) For personal use only Annual Production Cash Costs NPV8 (post-tax LOM) (LOM avg) US$6.15/kg TREO US$498M 8,700t MREC US$16.95/kg NdPr NPV8 (post-tax Spot) 4,800t TREO Free Cash Flow (post-tax US$355M 1,800t MREO LOM) US$67Mpa IRR (LOM) Pre-production C
Slide 7: Capex and Operating Costs
Capex and Operating Costs For personal use only Capex Unit Spot LOM Capex of US$55M includes Pre-production capital expenditure US$M 55 55 35% contingency LOM sustaining capital expenditure US$ / year 1.59 1.59 Lowest published Capex to produce high value mixed Unit cash operating costs Unit Spot LO
Slide 8: Capex Cost
Capex Cost % For personal use only CAPEX US$M of total Direct Costs • Project is simple, low-risk and Equipment 6.01 11.8% quick to establish Materials 1.50 2.9% • Pre-production Capex Ultra low Plant Construction 17.11 33.5% Wellfield Installation 4.62 9.1% • Largest cost centres are well Indirect
Slide 9: US$55M Capex – 2.4 year Payback
US$55M Capex – 2.4 year Payback For personal use only 1400 Cumulative Net Cash Position US$M 1200 1000 800 Expansion capital 600 (US$22M) from cash flow 400 ~2.4 years 200 payback 0 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 -200 Years LOM @ US$74/kg NdPr Spot Price @ US$60/kg NdPr LOM NP
Slide 10: Operating Costs
Operating Costs Annual Operating Cost by Category Wellfield Drilling Product transport 1% Average Total Cost 5% Wellfield Power For personal use only 2% Operating Costs (Real LOM) Cost Annual LOM G&A (US$M) (US$M) 7% Fixed 26% Well Field Drilling 0.34 7.1 Well Field Pumping 0.67 13.6 Process Plant F
Slide 11: Long Life - Ultra Low Opex
Long Life - Ultra Low Opex For personal use only Annual Production Profile 2024 REO Cash Cost Curve 12,000 40 MREC tpa TREO tpa MREO tpa Cost of production US$/kg TREO 10,000 30 Product Sales (t) 8,000 Ultra low All-in-Sustaining Cost 6,000 20 4,000 10 2,000 Opex (US$6.69/kg) 0 0 1 2 3 4 5 6 7 8 9 1
Slide 12: Key Financial Measures
Key Financial Measures For personal use only Cashflow & Earnings Unit Spot LOM NPV, returns and key metrics Unit Spot LOM Metrics Annual Revenue US$M 143 182 NPV8% (post-tax, ungeared) US$M 355 498 Revenue (gross) US$M 2,869 3,634 IRR (post-tax, nominal basis) % 52 55 Project net cashflow Payback pe
Slide 13: Passes the Stress Test
Passes the Stress Test For personal use only Post-tax (LOM) Base Case (NPV US$498M, IRR 55%) • US$66/kg NdPr – 13% lower than LOM US$ avg price (US$74/kg), escalated in year 5 (US$M) $66/kg NdPr $60/kg NdPr $53/kg NdPr flat flat Opex 50% higher Plant Capex 50% higher • US$60/kg NdPr – 24% lower than
Slide 14: Brazilian Ionic Clay projects
Brazilian Ionic Clay projects Unit BCM MEI Aclara VMM For personal use only Scoping Scoping PEA Scoping Date Feb 2025 Oct 2024 Sep 2024 Feb 2025 Project Ema Caldeira Carina Colossus Capex - US$55M Mine Life years 20 20 22 20 Price Forecast - LOM US$/kg (NdPr) 74 111 197 90 • 7 x smaller than MEI NPV
Slide 15: Brazilian Ionic Clay projects
Brazilian Ionic Clay projects ISR: Simple extraction & flow sheet drives ultra-low capex and opex Operating Cost All-in-Sustaining-Costs Capex For personal use only 30 10 700 US$/kg TREO US$/kg TREO (inclusive of contingency) 9 600 25 8 Best in Class 500 Operating Cost US$/kg TREO 7 Operating Cost U
Slide 16: Brazilian Ionic Clay - AISC
Brazilian Ionic Clay - AISC 100 100 All - in - Sustaining - Cost vs LOM Price For personal use only 90 90 80 80 Lowest LOM Price – 70 70 US$74/kg LOM - forecast price AISC - US$/kg Low All in Sustaining Cost – 60 60 US$6.69/kg TREO 50 50 40 40 30 30 (Lowest for any REE project generating an MREC) 20
Slide 17: Brazilian Ionic Clay – REE Prices
Brazilian Ionic Clay – REE Prices C1 Costs vs Spot Price vs LOM price For personal use only 140 120 LOM Price US$74/kg – 100 NPV US$498M 80 LOM Price Lowest avg price used for any REE project US$ / kg (NdPr) 60 40 Spot Price NPV: US$355M Post Tax NPV @ US$60/kg NdPr 20 Spot Price US$60/kg – 0 NPV US
Slide 18: Large Resource Base
Large Resource Base Central Starter Area Mineral Resource Estimate – February 2025 For personal use only 73% of Central Starter Area classified as Indicated Resource Ema REE Project 2025 Mineral Resource Estimate – Central Starter Zone 746 341M cut-off JORC Tonnes TREO NdPr DyTb MREO MREO:TREO ppm C
Slide 19: In-Situ REE Mining
In-Situ REE Mining “highest margin REE operations World wide” For personal use only • Readily leachable clays laden with rare earths • Suitable topography • Impermeable bedrock • High proportion of silica ~50% in clay allows solution flow • Lower proportion of clay materials prevents solution blocki
Slide 20: Superior Basket Price
Superior Basket Price SPOT MREC BASKET BCM VMM MEI For personal use only 90% Head Grade (ppm) 965 4,472 4,439 Reagent Magnesium Sulfate Ammonium Sulfate Ammonium Sulfate Highly comparable Time 30 Minutes 30 Minutes 30 Minutes pH 4.5 4.5 4.5 Product MREC MREC MREC Oxide Price (12.02.25) % Basket $ %
Slide 21: Ema – delivering exceptional results
Ema – delivering exceptional results For personal use only Resource Geology Supply Capex & Opex Investment Ultra Low Capex Large Mineral US$55M Resource 943Mt Unique attributes Ultra Low-cost • NPV US$498M Factor of 5-30 similar to NdPr production times lower Starter Area 20 Chinese projects • IRR 5
Slide 22: Scoping Study – Key Contributors
Scoping Study – Key Contributors For personal use only Responsibility Company Environmental Baseline Studies Mineral Resource Estimation, pit shell optimisation and drilling field supervision Geochemical Assay Metallurgical testwork Hydrology and Well Field Design Process design, concept plant layou
Slide 23: Enquiries
For personal use only Enquiries For more information please contact: Andrew Reid Managing Director Brazilian Critical Minerals Limited Andrew.reid@braziliancriticalminerals.com QUESTIONS
Brazilian Critical Minerals — Technical Presentation (February 2025) on 6ix