Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Mines & Money Connect Melbourne 2023
20 slides from Ionic Rare Earths's conference presentation, Jun 15, 2023
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths for Western Demand
For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths for Western Demand Mines & Money Connect Melbourne IONICRE.COM.AU June 2023
Slide 2: Cautionary Statement
Cautionary Statement IMPORTANT NOTICE AND DISCLAIMER For personal use only This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide
Slide 3: Securing Critical Elements for the New Economy
Securing Critical Elements for the New Economy Harnessing our technology to accelerate mining, refining and recycling of magnets and heavy rare earths critical for For personal use only energy transition, advanced manufacturing, and defence Mining Rare Earths Refining Rare Earths Recycling Rare Eart
Slide 4: Rare Earth Supply Chain – Alternate Capacity Requires Investment
Rare Earth Supply Chain – Alternate Capacity Requires Investment SUSTAINABLY SOURCING THE MOLECULES WILL REQUIRE DEVELOPING ALTERNATIVE CAPACITY GLOBALLY For personal use only • Rare earths are amongst the most resource-critical raw materials: they are of highest economic importance and at the same
Slide 5: Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply
Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply GLOBAL DESIRE TO DEVELOP ALTERNATIVE RARE EARTHS SUPPLY CHAINS TO PROTECT MANUAFCTURING AND DEFENCE For personal use only “Lithium and rare earths will soon be more important than oil and gas. Our demand for rare earths alone
Slide 6: European Critical Raw Materials Act – “The Race is On!”
European Critical Raw Materials Act – “The Race is On!” EUROPEAN COMMISSION’S CRITICAL RAW MATERIAL ACT TO UTILISE GLOBAL GATEWAY INSTRUMENT, A €300 BILLION INITIATIVE AIMED AT COUNTERING THE CHINESE BELT AND ROAD INITIATIVE For personal use only • In addition to an updated list of critical raw mate
Slide 7: REE Supply Chain and IonicRE Capability to date
REE Supply Chain and IonicRE Capability to date IONICRE ADDING CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS For personal use only 1. Makuutu Rare Earths Project 2. IonicRE Refinery 3. Magnet Recycling • Low Capital, modular development enables • Under Evaluation now assessing pot
Slide 8: Makuutu Rare Earths Project – Stage DFS
For personal use only Makuutu Rare Earths Project – Stage 1 DFS Low Capital, Modular, Ionic Adsorption Clay Project Makuutu received Flagship Project status in October 2022 due to its significance to the Uganda’s development IONIC RARE EARTHS
Slide 9: Makuutu Stage DFS Results BASE CASE
Makuutu Stage 1 DFS Results BASE CASE RL 1693 only Stage 1 Life BASE CASE LAYS FOUNDATION, EXTENSION OF LIFE POTENTIAL REMAINS 35 Years For personal use only • The Mining Licence Application (MLA) over Retention Licence 1693 (Application TN03834) focuses on the EBITDA • Stage 1 DFS and provides for
Slide 10: Tier-One Infrastructure already there – supports low CAPEX Development
Tier-One Infrastructure already there – supports low CAPEX Development EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT For personal use only IONIC RARE EARTHS PAGE 10
Slide 11: Makuutu Mineral Resource Estimate → Stage Mining Licence Application
Makuutu Mineral Resource Estimate → Stage 1 Mining Licence Application MAKUUTU MRE CURRENTLY >500 MILLION TONNES, FOCUS FOR MLA ON MAKUUTU CENTRAL ZONE (RL 1693 → Application TN03834) For personal use only JORC MRE1 of 532 million tonnes @ 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade o
Slide 12: Magnet Recycling and the Circular Economy of Rare Earths
For personal use only Magnet Recycling and the Circular Economy of Rare Earths
Slide 13: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling Recycling of Magnet REO Dominated by China, Makes Up 40% of Existing Global Supply For personal use only RoW 1% REO Production, Annual (ktpa) China 99% Refined magnet Recycled magnet REO REO Secondary sourcing (recycling) of Current breakdown and forecast
Slide 14: Developing Capacity on rare earth separation, refining and recycling
Ionic Technologies – NdFeB Magnet Recycling Developing Capacity on rare earth separation, refining and recycling For personal use only • IonicRE advancing Ionic Technologies, a leading edge, patented magnet recycling technology company based in Belfast UK, technology developed within Queens Universi
Slide 15: Developing Capacity on rare earth separation, refining and recycling
Ionic Technologies – NdFeB Magnet Recycling Developing Capacity on rare earth separation, refining and recycling For personal use only Mixed grades of waste permanent 100% recycled individual virgin grade High specification permanent magnets rare earth oxides magnets 15
Slide 16: Ionic Technologies Demonstration Plant
Ionic Technologies For personal use only Demonstration Plant Our Demonstration Plant recovers, separates and refines high-purity magnet Rare-Earth Oxides (REOs) from 30 tonnes per annum of waste magnets and swarf, producing over 10 tonnes of separated magnet REOs from June 2023. 16
Slide 17: IonicRE Activity Ramping Up Year-on-Year
IonicRE Activity Ramping Up Year-on-Year VALUE UNLOCKED THROUGH ACCELERATED WORK PROGRAMS AT MAKUUTU, NOW IONIC TECH For personal use only 2023 2022 2023 Catalysts to Unlock Further Value • Completed Acquisition of IonicTech • Finalise MLA for RL 1693 (Makuutu Central) 2021 • 70% increase to Makuutu
Slide 18: IonicRE is on the cusp of a re-rate via de-risking Makuutu / IonicTech
IonicRE is on the cusp of a re-rate via de-risking Makuutu / IonicTech Val. Sentiment Inventory based (EV / Resource) DCF (NAV) EV / EBITDA method: For personal use only CAPITAL STRUCTURE (as @ 13/06/2023) Shares Outstanding 3,946,104,920 Commodity price risk Construction risk 5 Total Options Outsta
Slide 19: IonicRE Value Proposition
IonicRE Value Proposition 1. MAKUUTU IS A LARGE UNIQUE IONIC ADSORPTION CLAY DEPOSIT, PROVIDING For personal use only SCALABLE EXPANSION POTENTIAL TO TAP INTO SURGING RARE EARTHS PRICING IN THE FUTURE “When peering into the outlook for the next decade to come, it becomes quickly apparent that the ra
Slide 20: Ionic Rare Earths Limited
For personal use only Ionic Rare Earths Limited Level 1, 34 Colin Street West Perth WA 6005 Australia www.ionicre.com.au investors@ionicre.com T +61 3 9776 3434 IONIC RARE EARTHS PAGE 20
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