Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (May 2017)
33 slides from Northern Minerals's investor presentation, May 2, 2017
Slide 1: Browns Range Rare Earths
NORTHERN MINERALS rowns Range Rare Earths Delivering critical technology metals to the world Powering Technology. May 2017 a» ©
Slide 2: Disclaimer
Disclaimer MINERALS This presentation has been prepared by Northern Minerals Limited (“Northern Minerals" or the Company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect
Slide 3: Browns Range mining in 2017, supply in 2018
_ In 2OVE, Northern Minerals will ming See owns Range. in 2018, we will commence new supply of heavy rare’earths to the market Fy
Slide 4: Permanent magnets explained
Permanent magnets explained NORTHERN MINERALS Powering Technology. NdDyFeB permanent magnets are used by major electric vehicle and wind turbine makers Dysprosium enhances magnetic properties at higher temperatures Permanent magnets account for 25% of rare earth demand in tonnes and 80% in value As
Slide 5: Chinese carmakers to dominate EV production
Chinese carmakers to dominate EV production : lor : —) SE) GEELY , &) FoTon BAIC Group (z) Zz REE CHERY @&, (rn) CHANGAN WY Q® & & -~o- Hamma cp 4£ DFM HAC NORTHERN GD a g ' Cums oT Pe 4 2 wea, Powering Technology. ga
Slide 6: Browns Range full production addresses supply gap
For personal use only Browns Range Full production addresses supply gap and reduces potential for Terbium substitution
Slide 7: Dysprosium - Sustainable Pricing
For personal use only Dysprosium - Sustainable Pricing $350 $325 e089 $307 $300 $273 245 $250 $250 $225 $240 oD $208 x > $200 Q B $150 =) $100 $50 $- 20177-2018 = 2019. 2020. -2021_:~=S 2022, 2023, 2024 = 2025 NORTHERN MINERALS Powering Technology. ao
Slide 8: For personal use only
For personal use only
Slide 9: Project Location
Project Location Darwin Wyndham J Kununurra|\@ NORTHERN TERRITORY Project: JOHN GALT Project BOULDER RIDGE Halls Broome Creek @ Project BROWNS RANGE WESTERN AUSTRALIA NORTHERN MINERALS Powering Technology.
Slide 10: For personal use only
For personal use only • • • • • • • • • • • •
Slide 11: For personal use only
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Slide 12: Financing
( Sales Agreement Processing Plant Open Pit Mining Office & Camp Tailings Dam Schedule Feasibility Powering Technology. a? 06 some Financing * $56 million funding for Pilot Plant Develooment: -— $29.5 million through placements — $32 million via R&D Financing Facility — $10 million via Sales Agreeme
Slide 13: Sales Agreements Secured
NORTHERN MINERALS Sales Agreements Secured ve Financing Processing Plant Open Pit Mining Office & Camp Tailings Dam Schedule Feasibility Powering Technology. ga JFMAG 100% of Browns Range Pilot Plant production to be purchased by a subsidiary of Guangdong Rising Asset Management Limited. Agreement w
Slide 14: Direct shipping route to China
For personal use only Direct shipping route from Wyndham or Darwin to Lianyungang, China
Slide 15: Modular processing plant
For personal use only Project Component: Modular processing plant Contractor: Sinosteel MECC Scale: 60,000tpa Capital Cost: A$39 million Status: Under construction in China
Slide 16: Open Pit Mining
For personal use only Project Component: Open Pit Mining Contractor: MACA Limited Scale: 180,000t ore mined Total Cost: A$6 million Status: Fleet mobilising June 2017 Entire mining project to be completed in November 2017
Slide 17: Associated infrastructure
For personal use only Project Component: Associated infrastructure Contractor: ATCO Details: Camp increased from 20 to 48 personnel New office and workshop facilities Capital Cost: A$1 million Status: Modular units acquired Assembly in May 2017
Slide 18: Tailings Storage Facility construction
For personal use only Project Component: Tailings Storage Facility construction Contractor: MACA Limited Details: Construction of tailings storage facility Capital Cost: A$1.2 million Status: To be constructed using waste material from open pit mining
Slide 19: Schedule
Schedule Financing Sales Agreement 2017 2018 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Final Investment Decision Mining & Bulk Earthworks Design & Fabrication Processing Plant Open Pit Mining Office & Camp Installation Research & Development Tailings Dam Feasibility Powering Techno
Slide 20: For personal use only
For personal use only • • • – – – – – –
Slide 21: Key Personnel and Partners
Key Personnel and Partners Key Site Personnel: Chris Lee - Resident Manager Eben Van Rooyen - Project Manager SINOSTEEL Limited OO Mis JFMAG > Powering Technology. ga
Slide 22: Beyond Browns Range: John Galt
Beyond Browns Range: = 6@ sss" Jonn Galt Powering Technology. Rock chip samples up to 42% TREO with approximately 95% Heavy REO Preliminary metallurgical tests indicate excellent recovery rates (>90%) with potential for concentrate grades >40% High grade mineralisation in talus (scree) material - ha
Slide 23: Beyond Browns Range: Boulder Ridge
Beyond Browns Range: — @@ sss" Boulder Ridge ® Rock chip samples from the Boulder Ridge project confirm high-grade Heavy Rare Earths (HRE) ® Best results exceed 12% TREO, including up to 115% Dysprosium, with a dominance of HRE - up to 99%. ® Reinforces significant growth potential in Browns Range a
Slide 24: For personal use only
For personal use only • • • • • • •
Slide 25: The Northern Minerals Spirit
The Northern Minerals SPIRIT OO ics SAFETY TEAMS ial J2 PEOPLE NORTHERN MINERALS INITIATIVE RESULTS Powering Technology. ao INTEGRITY
Slide 26: Building an Australian greenfields discovery
N NORTHERN MINERALS --@ipersonal use only Northern Minerals: Building an Australian greenfields discovery = = Set
Slide 27: Appendices
Appendices NORTHERN MINERALS Powering Technology.
Slide 28: For personal use only
For personal use only
Slide 29: For personal use only
For personal use only 1 – Rounding may cause some computational discrepancies (TREO (metal) tonnes estimated from Mt x TREO%)
Slide 30: Ore Reserves
Ore Reserves NORTHERN MINERALS REO Dy,O ) O Depo a atio O g g g g g g g g onne ontained ontained d ° ed OPEN PIT Wolverine Probable 833,000 | 615 §124,000 | 0.55 460,000 | 0.08 66,000 | 3.59 2,989,000 Gambit West Probable 219,000 | 1010 2,212,000 | 0.83 182,000 on 25,000 | 552 1,209,000 Gambit Proba
Slide 31: Board of Directors
For personal use only Colin McCavana - Non-executive Chairman Mr McCavana has more than 35 years of management experience worldwide in the earthworks, construction and mining industries. George Bauk - Managing Director / CEO George is an experienced executive, with 25 years’ experience in the resour
Slide 32: Management team
For personal use only George Bauk Mark Tory Robin Jones Robin Wilson Bin Cai Managing Director / CEO Chief Financial Officer Chief Operating Officer Exploration Manager Executive Officer George is an experienced Mark is a Chartered Robin has more than 20 Robin has held senior Bin is the MD of Congli
Slide 33: Corporate Overview
Corporate Overview Market capitalisation $86M (at 24 April 2017 @ $0.125) Ordinary Shares 689M Options and Performance Rights 48.2M Cash (24 April 2017) $14.5M Debt (24 April 2017) nil Major shareholders 28 April 2017 - Price and volume Australian Conglin International 28.8% 14 0.18 Investment Group