Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Africa Down Under Conference 2023
24 slides from Ionic Rare Earths's conference presentation, Sep 6, 2023
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy
For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy Africa Down Under Conference, Perth IONICRE.COM.AU 6 September 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 For personal use only MAGNET AND HEAVY RARE EARTHS CRITICAL FOR ENERGY TRANSITION, ADVANCED MANUFACTURING, AND DEFENCE Mining Refining Recycling Rare Earths Rare Earths Rare Earth
Slide 4: Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply
Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply UGANDA & THE MAKUUTU HEAVY RARE EARTHS PROJECT WILL PLAY A VITAL ROLE IN THE CRITICAL MINERALS SUPPLY CHAIN For personal use only “Lithium and rare earths will soon be more important than oil and gas. Our demand for rare earth
Slide 5: 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 • The Act identifies a list of strategic raw material
Slide 6: 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 REE Mining1 REE Processing1 REE Metals1 REE Magnets1 REE Recycling2 Australia Malaysia EU Japan EU Japan ROW ROW Myanmar 9%
Slide 7: REE Supply Chain and IonicRE Integration
REE Supply Chain and IonicRE Integration IONICRE ADDING PRIMARY AND SECONDARY SOURCED CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS For personal use only Long loop recycling to take metal and magnet back to high purity, separated magnet REOs Mining and processing to produce value
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) (**Pending) over Retention Licence 1693 (Application TN03834) EBITDA focuses on the Stage 1 DFS and pro
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
Makuutu Mineral Resource Estimate → Stage 1 ML Pending MAKUUTU MRE CURRENTLY >500 MILLION TONNES, FOCUS FOR MLA ON MAKUUTU CENTRAL ZONE (RL 1693 → Application TN03834) For personal use only JORC Makuutu MRE1 of 532 million tonnes @ 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade of 200 pp
Slide 12: Phase Drill Program – Progressing Growth at Makuutu
Phase 5 Drill Program – Progressing Growth at Makuutu Phase 5 RAB drilling on EL00147, EL00257 and RL00007 For personal use only completed. Core drilling on RL00007 progressing with 79 holes (1,618 metres) drill so far RAB drilling on EL00147 reported 43 of 45 holes validating 2021 RAB drilling – no
Slide 13: Makuutu Basket – Value Driven by Magnet & Heavy REOs
Makuutu Basket – Value Driven by Magnet & Heavy REOs For personal use only REO Basket by Composition REO Basket by Value Yb2O3 Lu2O3 Y2O3 La2O3 CeO2 0.3% 2.0% 4.5% 0.2% 0.1% Tm2O3 Pr6O11 La2O3 1.8% 9.1% 17.8% Er2O3 La2O3 1.2% La2O3 Y2O3 26.5% CeO2 Ho2O3 CeO2 1.9% Pr6O11 Pr6O11 Nd2O3 Nd2O3 Sm2O3 Sm2O
Slide 14: Makuutu Demonstration Plant Progressing
For personal use only Makuutu Demonstration Plant Progressing • Technical facility erection expected to commence in September • Phase 1 equipment in transit now from Perth → ETA end of September • Phase 1 to include 6m columns and cribs, expected to run for remainder of 2023 prior to Phase 2 (trial
Slide 15: ESG initiatives advancing at Makuutu
ESG initiatives advancing at Makuutu ESG FRAMEWORK TO BUILD LASTING LEGACY, DEFINING PATH TO NET ZERO CARBON RARE EARTH FOOTPRINT For personal use only Environmental and Social Impact Rehabilitation to consider development Working together to build a future Community socio-economic baseline Assessme
Slide 16: Makuutu Next Steps & Work Plan for 2023 and 2024
Makuutu Next Steps & Work Plan for 2023 and 2024 • Ugandan government processing Mining Lease award for RL 1693 For personal use only • Ongoing Community and Stakeholder engagement activity and expanding work program on Resettlement Action Plan (RAP) • Capacity building in Uganda – recruitment and t
Slide 17: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling A leader in rare earth separation, refining and recycling For personal use only Ionic Technologies is our patented magnet recycling technology company based in Belfast UK. Technology developed within Queens University Belfast (QUB) Unique recycling Sept 20
Slide 18: Ionic Technologies’ Technology
Ionic Technologies’ Technology For personal use only Ionic Technologies has developed rare earth element separation and refining technology, applying this to the recycling and refining of individual magnet rare earths from spent permanent magnets. Magnet crushing Digestion Separate base Our process
Slide 19: Rare Earth Supply Chain: The unlock through Ionic Technologies
Rare Earth Supply Chain The unlock through Ionic Technologies For personal use only Via Ionic Technologies, IonicRE is engaging now with key supply Long loop recycling to take metal and magnet back to chain partners on value addition and developing commercial high purity, separated magnet REOs relat
Slide 20: Ionic Technologies Demonstration Plant
Ionic Technologies Demonstration Plant For personal use only Our Demonstration Plant in Belfast is producing high purity, separated magnet REO now. Ionic Technologies is processing both end of life magnets (waste) and swarf, to recover, separate and refine high-purity magnet Rare-Earth Oxides (REOs)
Slide 21: IonicRE Activity Ramping Up Year-on-Year
IonicRE Activity Ramping Up Year-on-Year VALUE UNLOCKED THROUGH ACCELERATED WORK PROGRAMS AT MAKUUTU & IONIC TECHNOLOGIES 2023 For personal use only 2023 Catalysts to Unlock Further Value 2022 ✓ Makuutu DFS Released ✓ Moved to 60% ownership of Rwenzori Rare Metals (Makuutu 2021 ✓ Completed Acquisiti
Slide 22: 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 @ 01/09/2023) Shares Outstanding 3,946,104,920 Commodity price risk Construction risk 5 Total Options Outsta
Slide 23: IonicRE Value Proposition
IonicRE Value Proposition For personal use only • DIRECT EXPOSURE TO RARE EARTHS MARKET GROWTH “When peering into the outlook for the next decade • IONIC TECHNOLOGIES → ENTRY INTO A CIRCULAR ECONOMY FOR to come, it becomes quickly apparent that the MAGNET RARE EARTHS rapid demand growth of the 2020s
Slide 24: Ionic Rare Earths Limited
For personal use only Ionic Rare Earths Limited Level 5 South 459 Collins Street Melbourne, Victoria, 3000, Australia www.ionicre.com.au investors@ionicre.com T +61 3 9776 3434 IONIC RARE EARTHS PAGE 24
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