Rarex Limited · ASX:REE
Rarex — Investor Presentation (October 2019)
14 slides from Rarex's investor presentation, Oct 22, 2019
Slide 1: Developing the Globally Significant Cummins Range Rare Earths Project
Sagon Resources Limited “Developing the Globally Significant Cummins Range Rare Earths Project” October 2019
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement ▪ This presentation contains summary information about Sagon Resources Ltd (SG1) and is current as of 21 October 2019. The information in this presentation is of a general background and does not purport to be complete. ▪ 5 bullet points …world class project,
Slide 3: Investment Highlights
Investment Highlights ▪ Strategically Located Asset: Sagon Resources Limited (SG1 or Sagon) is focused on developing its 100% owned Cummins Range Rare Earths Project located in Western Australia – a Tier 1 mining jurisdiction. ▪ Significant Maiden JORC 2012 Resource: Sagon has declared a significant
Slide 4: Corporate Snapshot
Corporate Snapshot 3 Month Share Price Performance and Volume Capital Structure ASX Code SG1 Share Price (21 October) $0.055 Shares on Issue 311m Market Capitalisation $17.1m Net Cash $2.4m Enterprise Value $14.7m Board and Management Milestones Achieved in Last 30 Days Chairman Shaun Hardcastle Acq
Slide 5: Superior Location and Infrastructure
Superior Location and Infrastructure ▪ Tier-1 Mining Jurisdiction: Located in the Kimberley region of Western Australia. ▪ Airstrip and Township Nearby: 130km from Halls Creek Township and Airstrip. ▪ Good Access: Accessible via Great Northern Highway, Tanami Track RareX Pty Ltd – Cummins Range Proj
Slide 6: Why Rare Earths?
Why Rare Earths? ▪ Neodymium-Praseodymium (NdPr) are two critical rare earth elements integral to the manufacture of rare earth permanent magnets. ▪ Rare earth permanent magnets are used in electric vehicles, wind turbines and advanced weapon systems. ▪ China dominates production of rare earths and
Slide 7: Rare Earths Market
Rare Earths Market ▪ Rare earth market currently dominated by China representing a strategic weakness for the United States of America. ▪ Only significant supplier outside of China is Lynas Resources Limited (ASX: LYC) – subject of recent unsuccessful takeover by Wesfarmers Limited (ASX:WES), the ot
Slide 8: Favourable Geology
Favourable Geology ▪ Weathered carbonatite with REE mineralisation mostly hosted within laterite horizon (same at Mt Weld). ▪ Mineralisation from surface and flat lying on top of primary carbonatite pipe. ▪ Metallurgical work program to commence to determine NdPr concentration. RareX Pty Ltd – Cummi
Slide 9: Significant Maiden JORC 2012 Resource
Significant Maiden JORC 2012 Resource ▪ Significant Maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019. ▪ Neodymium Praseodymium oxide currently trading at circa US$45 per kilogram. ▪ Deposit outcrops and has dimensions amenable to low strip ratio open pit mining. ▪ Ra
Slide 10: Substantial Exploration Upside
Substantial Exploration Upside ▪ No active exploration since 2011 with large part of 48.5 square km of ground remaining untested. ▪ At least 2 NW-SW structures controlling the depth of weathering with higher grade - mineralisation remains open on these trends. ▪ Passive seismic planned to map depth
Slide 11: Working to Secure Our Social License
Working to Secure Our Social License ▪ Cummins Range is located in the Tier-1 mining jurisdiction of Western Australia situated on Jaru land. ▪ Sagon takes its social, environment and corporate governance responsibilities very seriously and has adopted an inclusive approach with stakeholders as it d
Slide 12: Low CAPEX Strategy
Low CAPEX Strategy ▪ Concept study level metallurgical test work completed in 2011 using 650kg of samples. ……and most expensive ▪ Rare Earth mineralogy dominated by monazite – monazite is the most well understood Rare Earth Mineral from a processing perspective. ▪ Sagon is engaging industry experts
Slide 13: Upcoming News Flow
Upcoming News Flow Shareholders meeting to Move to 100% Ownership of September approve placement Cummins Range October Maiden JORC 2012 Resource November Maiden Drill Program Passive Seismic Survey Commencement of December Assay Results Metallurgical Program 1st HALF 2020 Metallurgical Program Resou
Slide 14: Sagon Resources Limited
SAGON laf RESOURCES LIMITED