Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — 121 Mining Investment – Cape Town (February 2023)
28 slides from Ionic Rare Earths's conference presentation, Feb 6, 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 121 Mining Investment – Cape Town IONICRE.COM.AU February 2023
Slide 2: Cautionary Statement
Cautionary Statement For personal use only IMPORTANT NOTICE AND DISCLAIMER 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: IonicRE's Vision
IonicRE’s Vision For personal use only Integrated, Full Life-Cycle Rare Earth Company Mining Rare Earths Refining Rare Earths Recycling Rare Earths • Mining magnet and heavy rare earths from • Developing standalone refinery to separate • Recycling secondary sourced spent NdFeB the Makuutu Rare Earth
Slide 4: IonicRE Corporate Snapshot
IonicRE Corporate Snapshot For personal use only STRATEGIC VALUE DRIVEN BY THE UNIQUE MAGNET AND HEAVY REO BASKET, INTEGRATED SUPPLY CHAIN CAPITAL STRUCTURE (as @ 27/01/2023) $0.10 200 Shares Outstanding 3,942,604,920 Volume Share Price $0.09 180 Total Options Outstanding 119,000,000 (exercisable at
Slide 5: Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply
Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply For personal use only GLOBAL DESIRE TO DEVELOP ALTERNATIVE RARE EARTHS SUPPLY CHAINS TO PROTECT MANUAFCTURING AND DEFENCE “ Lithium and rare earths will soon be more important than oil and gas. Our demand for rare earths alone
Slide 6: Rare Earth Supply Chain – Alternate Capacity Requires Investment
Rare Earth Supply Chain – Alternate Capacity Requires Investment For personal use only SUSTAINABLY SOURCING THE MOLECULES WILL REQUIRE DEVELOPING ALTERNATIVE CAPACITY GLOBALLY • Rare earths are amongst the most resource-critical raw materials: they are of highest economic importance and at the same
Slide 7: NdFeB Permanent Magnet Supply Demand to 2050
NdFeB Permanent Magnet Supply Demand to 2050 For personal use only DEMAND FOR NEW NdFeB PERMANENT MAGNETS WILL EXCEED SUPPLY • Significant increase in demand for NdFeB permanent magnets from now to 2050, with 150% increase in total magnet capacity required forecast by 2050 • EV demand the main drive
Slide 8: Where do the Molecules come from?
Where do the Molecules come from? For personal use only WITH DEMAND INCREASING, WHERE ARE THE MOLECULES OF Nd, Pr, Dy & Tb GOING TO COME FROM? • Forecast deficit in magnet REOs from 2023 accelerating over the next decade DyTb deficit escalating now • There will be insufficient heavy rare earth oxi
Slide 9: Existing Chinese Supply – Sourcing DyTb from Myanmar
Existing Chinese Supply – Sourcing DyTb from Myanmar For personal use only CHINA INCREASING HARDROCK LREE MINED SUPPLY, IAC HREE SUPPLY QUOTA REMAINS STEADY • China has maintained IAC HREE mining quotas at same level since 2018 (19 ktpa) whilst ramping up readily available hardrock LREE production (
Slide 10: IonicRE Aspires to Provide Alternative, Secure Supply
IonicRE Aspires to Provide Alternative, Secure Supply For personal use only DEVELOPING A SECURE, TRACEABLE, MAGNET AND HEAVY RARE EARTH SUPPLY CHAIN TO FACILITATE NET ZERO CARBON AMBITIONS The Mine – Makuutu The Refinery – Unlock flow of The Basket – High Margin Sustainable REO Production, REO to do
Slide 11: Makuutu Rare Earths Project
For personal use only Makuutu Rare Earths Project 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 PAGE 11
Slide 12: Harnessing the wide appeal of the Makuutu Basket
Harnessing the wide appeal of the Makuutu Basket For personal use only MAKUUTU PROVIDES A UNIQUELY BALANCED BASKET RICH IN MAGNET AND HEAVY RARE EARTHS MLA on RL 1693 – Stage 1 Makuutu is unique and Existing Infrastructure at Significant Exploration upside at receiving global interest due to Makuutu
Slide 13: Tier-One Infrastructure already there – supports low CAPEX Development
Tier-One Infrastructure already there – supports low CAPEX Development For personal use only EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT LOGISTICS Approximately 10 km from Highway 109, connecting Makuutu to both capital city Kampala and Port of Mombasa, Kenya Approximately 20 km fr
Slide 14: Makuutu Mineral Resource Estimate and Mining Lease Application
Makuutu Mineral Resource Estimate Mining Lease Application For personal use only MAKUUTU MRE CURRENTLY >500 MILLION TONNES, FOCUS FOR MLA ON MAKUUTU CENTRAL ZONE (RL 1693) JORC MRE1 of 532 million tonnes @ 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade of 200 ppm TREO-CeO2 76% of Makuu
Slide 15: ESG initiatives advancing at Makuutu
ESG initiatives advancing at Makuutu For personal use only ESG FRAMEWORK TO BUILD LASTING LEGACY, DEFINING PATH TO NET ZERO CARBON RARE EARTH FOOTPRINT Environmental and Social Impact Rehabilitation to consider Community Support Programs Community socio-economic Assessment (ESIA) approved in develop
Slide 16: For personal use only
For personal use only IONIC RARE EARTHS PAGE 16
Slide 17: Makuutu Next Steps & Work Plan for 2023
Makuutu Next Steps & Work Plan for 2023 For personal use only 1. Finalising the Mining Lease Application for RL 1693, including Ore Reserve Estimate • Stage 1 Project considers 5Mtpa, 2 module plant • Enables scalable Project development into growing downstream market • Optimisation activities conti
Slide 18: IonicRE Basket is a highly strategic basket with escalating forecast value
IonicRE Basket is a highly strategic basket with escalating forecast value For personal use only DOWNSTREAM PROCESSING TO REO AND VALUE ADDED PRODUCTS UNLOCKS SIGNIFICANT UPSIDE REO Pricing • IonicRE progressing & evaluating downstream Makuutu (China) Scoping Study MAKUUTU BASKET CONTENT REE separat
Slide 19: China Dominates Global REE Separation & Refining Capacity
China Dominates Global REE Separation & Refining Capacity For personal use only ALL HEAVY RARE EARTH ROADS LEAD TO CHINA …. UNTIL NOW Global heavy REO separation and refining capacity operated NPM Silmet Estonia and controlled by China1 Light Rare Earth Separation and Refining Northern Rare Earths B
Slide 20: Magnet Recycling and the Circular Economy of Rare Earths
For personal use only Magnet Recycling and the Circular Economy of Rare Earths IONIC RARE EARTHS PAGE 20
Slide 21: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling For personal use only RECYCLING OF MAGNET REO DOMINATED BY CHINA, MAKES UP 40% OF EXISTING GLOBAL SUPPLY ROW 120 1% REO Production, Annual (ktpa) 100 80 60 40 20 China 0 99% 2021 2022 2023 2024 2025 2026 Refined magnet REO Recycled magnet REO Secondary sou
Slide 22: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling For personal use only DEVELOPING CAPACITY ON RARE EARTH SEPARATION, REFINING AND RECYCLING • IonicRE advancing Ionic Technologies, a leading edge, patented magnet recycling technology company based in Belfast UK, technology developed within Queens Universi
Slide 23: Progress in Belfast
Progress in Belfast For personal use only IONIC RARE EARTHS PAGE 23
Slide 24: REE Supply Chain and IonicRE Capability to date
REE Supply Chain and IonicRE Capability to date For personal use only IONICRE ADDING CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS 1. Makuutu Rare Earths Project 2. IonicRE Refinery 3. Magnet Recycling • Low Capital, modular development enables • Under Evaluation now assessing pot
Slide 25: IonicRE Activity Ramping Up Year-on-Year
IonicRE Activity Ramping Up Year-on-Year For personal use only VALUE UNLOCKED THROUGH ACCELERATED WORK PROGRAMS AT MAKUUTU, NOW IONIC TECH 2023 2022 2023 Catalysts to Unlock Further Value • Finalise MLA for RL 1693 (Makuutu Central) 2021 • Completed Acquisition of IonicTech • Increase ownership in M
Slide 26: Leadership and Key Personnel
Leadership and Key Personnel For personal use only Trevor Benson Allan Mulligan Thomas Kelly Non-Executive General Manager, General Manager, Chairman Makuutu Rare Earth Operations IonicRE Project IonicTech IonicRE Tim Harrison Warren Dr Fergal Managing Director Tregurtha Coleman IonicRE CEO Technolo
Slide 27: IonicRE Value Proposition
IonicRE Value Proposition For personal use only 1. MAKUUTU IS A LARGE UNIQUE IONIC ADSORPTION CLAY DEPOSIT, PROVIDING 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 28: 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 28
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