Northern Minerals Limited · ASX:NTU
Northern Minerals — Shareholder Meeting (February 2011)
28 slides from Northern Minerals's shareholder meeting presentation, Feb 2, 2011
Slide 1: Exploring High Value REE and Uranium
For personal use only Exploring High Value REE and Uranium George Bauk – Managing Director Extraordinary General Meeting 2nd February 2011
Slide 2: Important Notice
Important Notice For personal use only This presentation Thi t ti has h been b prepared d by b Northern N th Uranium U i Limited Li it d (“Northern (“N th Uranium” U i ” or the th “Company”). “C ”) It should h ld nott b be considered id d as an offer ff or iinvitation it ti tto subscribe b ib for or
Slide 3: Company Overview
Company Overview For personal use only • High value Heavy Rare Earth projects Rare Earth Elements • Xenotime mineralisation - simple • Strategic 11,000km2 land position Uranium • Unconformity style targets • Close to rail and road Phosphate • Growth commodity • Expanded and experienced team Quality
Slide 4: Diverse "New Energy" Portfolio
Diverse “New Energy” Portfolio For personal use only
Slide 5: Capital Structure
Capital Structure For personal use only Board of Directors ASX Codes NTU Ordinary Shares • Kevin Schultz Non Executive Chairman Ordinary Shares 165,590,212 • George Bauk Listed Options – NTUOA Managing Director 12,714,140 ($0.20 exp 30 Sept 2012) • Colin McCavana Listed Options – NTUOB Non Executive
Slide 6: Share Price Chart
Share Price Chart For personal use only Geiger Counter – substantial holder Conglin Yue Joins Register ECE Transaction B Browns R Range Results John Galt Acquisition Rights Issue Announced Rights Issue Announced Lynas Joins Register Super Profit Tax Announced Browns Range Results
Slide 7: 2010 – a year of evolution
2010 – a year of evolution For personal use only • Expanded portfolio through strategic acquisition - John Galt: significant REE potential, close to Browns Range - Ferrum Crescent - 4,613km2 of exploration tenements • Focused Uranium and REE exploration program - 3,200m RC drilling at Gardiner Tanam
Slide 8: Portfolio Expansion
Portfolio Expansion For personal use only John Galt • Acquired June 2010 • 4 year option to purchase • HREE in a xenotime mineralisation • Located within 200km of Browns Range Ferrum Crescent Tenements • Acquisition of 44,613km 613km2 of exploration ground • Acquired all mineral rights to NT section
Slide 9: Rare Earth Elements
For personal use only Rare Earth Elements
Slide 10: Rare Earth Elements (REE)
Rare Earth Elements (REE) For personal use only • REE includes scandium, yttrium and 15 lanthanides • Essential for high growth products, and become increasingly important commodities • Faster / lighter / smaller / more efficient • Uses: - Electronics and technology – mobiles, TV screens, laptops -
Slide 11: REE - growth market
For personal use only REE - growth market
Slide 12: REE market – the past months
REE market – the past 18 months For personal use only Increasing Demand • Global market grown from 40,000tpa - 125,000tpa in the past 10 years • Demand D d fforecastt to t grow att ~ 8 – 11% per annum Tightening supply • China produces Chi d 95% off world’s ld’ REE REE, ffrom 70% off world’s ld’ res
Slide 13: Rare Earth Prices
Rare Earth Prices For personal use only Comparison of Average Annual Rare Earths Prices 2006-10 (Notes: 1.Source is metal pages© 2. Prices have been rounded) Rare Earths Price US$/kg FOB China1,2 Rare Earth Product 2006 2007 2008 2009 1Q2010 2Q 2010 3Q 2010 4Q 2010 Lanthanum Oxide US$1.80 US$3.10 US
Slide 14: Browns Range
Browns Range For personal use only • Significant rare earth discoveries confirmed in 2009 • NTU rockk chips hi and d mapping i identifies four mineralised targets – results up to 8.5% TREE • Clean liberation of xenotime at a relativelyy coarse g grind – readily recoverable • Over 80% of the Rare Ear
Slide 15: Browns Range – 2010 exploration
Browns Range – 2010 exploration For personal use only • Rock chips p indicates high g proportion (65-70%) of HREE, and extend target area • Soil sampling highlights extensive HREE geochemical anomalies at Area 5/Area 5 North and Gambit prospects • Metallurgical testing confirms accessibility of xeno
Slide 16: Browns Range - HREE
Browns Range g - HREE For personal use only Distribution of Rare Earths* Samarium 2% Other Ytterbium 9% 6% Gadolonium 6% Erbium 6% Dysprosium Yttrium Heavy 86% 10% 61% Medium 8% Lights 6% Uranium – Average 163ppm Metallurgical ll l Recovery – 89% Thorium – Average 34ppm *Based on 16 rock chip sample
Slide 17: John Galt
John Galt For personal use only • Exciting REE prospect, acquired in June 2010 – granted December 2010 • Regional proximity to the Browns Range HREE Project • Similar geology – high value HREE in xenotime mineralisation • Heritage agreement completed • Funding committed for 2011 exploration program
Slide 18: Uranium
For personal use only Uranium
Slide 19: Gardiner-Tanami Project
Gardiner-Tanami Project For personal use only Gardiner Tanami Gardiner-Tanami • Large project, multiple uranium targets • 100% ownership • NTU now holds rights for all minerals Gardner Range JV • Earning up to 60% • JV with Manhattan (ASX:MHC)
Slide 20: Targeting Unconformity Uranium Deposits
Targeting Unconformity Uranium Deposits For personal use only Unconformity resources
Slide 21: Gardiner-Tanami Drilling
Gardiner-Tanami Drilling For personal use only Soma • Intersected Gardiner Sandstone / Killi Killi formation • Confirms large (8km) target for high grade unconformity mineralisation • Follow up drilling in 2011 The Don • Failed to replicate p historic uranium results • Encouraging gold intersections
Slide 22: Phosphate
For personal use only p Phosphate
Slide 23: Phosphate Projects
Phosphate Projects For personal use only • Phosphate – strong growth forecast with increasing population and food demand • Well located pportfolio in close proximity to existing phosphate deposits and infrastructure • Projects in prospective Georgina and Amadeus Basins
Slide 24: Summary
For personal use only Summary
Slide 25: Value Proposition
Value Proposition For personal use only Rare Earths • Prospective High Value HREE projects • Xenotime mineralisation – amenable to processing Uranium U i • Highly prospective high grade unconformity- related targets • 11,000km2 with 30km of drill target areas to date Phosphate • Strategic St t i loc
Slide 26: Northern Minerals
Northern Minerals For personal use only • Name change reflect growth of Company • Now more diverse, multi- commodity dit • “New energy” focus – uranium and REE • Better position for growth and value to shareholders
Slide 27: Moving Forward - 2011
Moving Forward - 2011 For personal use only Q1 • Rebrand to Northern Minerals • Commence airborne geophysics at John Galt / Browns Range • 5,000m planned for REE drilling at Browns Range • Finalise Deed of Exploration for NT tenements with Aboriginal Q2 Traditional Owners • On ground exploration at
Slide 28: For more information
For more information For personal use only George Bauk Managing Director Suite 10, Level 2 10 12 Thelma Street 10-12 West Perth WA 6005 T: +61 8 9481 2344 info@northernuranium.com.au www.northernuranium.com.au
Northern Minerals — Shareholder Meeting (February 2011) on 6ix