American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (February 2024)
22 slides from American Rare Earths's investor presentation, Feb 9, 2024
Slide 1: American Rare Earths Investor Presentation
American Rare Earths “Pioneering the future of clean energy” Investor Presentation February 2024 (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF)
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve subjective The information in this report that relates to Exploration Results or Resource Estimates is based on information compiled by Mr. judgement a
Slide 3: About American Rare Earths
About American Rare Earths We are committed to developing our projects featuring sustainable practices, inclusive principles and leading technologies to support the United States' national security and economic transformation goals. • Largest ASX-listed portfolio of strategic rare earth element asse
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (market close 7/02/2024) $0.135 Shares Outstanding 446.4 million Donald Swartz Jose Rico Dwight Kinnes Chief Executive Officer Chief Financial Officer Chief Technical Officer Market Cap (7/02/2024) $60 million Cash Position (31/12/23) $6.3 million 1 Joe Evers Wayne Ker
Slide 5: Geologic Characteristics Offer Best of Both Worlds
Geologic Characteristics Offer Best of Both Worlds Conventional Hard Deposit Comparison Halleck Creek Ionic Clay Rock Location Tier 1 Tier 1 Sovereign Risk Grade 4-5 % TREO1 ~6% TREO 0.07 % Low Penalty Elements (U / Th)2 ü û ü Processing Tank Leaching Acid Bake / Cracking In-Situ Leaching ESG Positi
Slide 6: Halleck Creek – Progress to date
Halleck Creek – Progress to date Mar - Apr May-Aug Oct - Dec May-Sept Sept - Nov 2022 2022 2022 2023 Oct 2023 2023 Mapping and Mapping and Infill RC and Red Mountain Maiden Drilling Infill RC Drilling Sampling Sampling Diamond Core Sampling and Program Program Mapping Program Program Program Driling
Slide 7: Halleck Creek Project Overview
Halleck Creek Project Overview (100% owned) Potential to be the largest rare earth Deposit in the U.S. • February 2024 JORC Resource is 2.34 billion tonnes • 1.42 billion tonnes of measured and indicated resources were estimated at a grade of 3,296 ppm TREO using a 1,000ppm TREO cut-off • Economic a
Slide 8: 2023 vs 2024 Tonnages and Grades
2023 vs 2024 Tonnages and Grades 3.00 4428 4500 4330 2.50 4150 2.50 2.34 3957 4000 2.09 4047 2.00 3780 Average grade (TREO ppm) 1.85 3857 1.74 3653 1.67 1.69 Tonnes (Bt) 3693 1.50 1.43 3425 1.44 3500 3534 1.25 1.11 1.13 3196 3309 1.00 0.95 3047 0.72 0.65 3000 3015 0.50 2928 0.37 0.00 2500 500 1000 1
Slide 9: Rare Earth Distribution
Rare Earth Distribution Based on all drilling data to date 9 AMERICAN RARE EARTHS | February 2024
Slide 10: Breakthrough Metallurgical Results
Breakthrough Metallurgical Results • Halleck Creek ore has been successfully The proposed flowsheet modifications emphasising DMS work for preconcentrated to 3.5% TREO at a 12:1 upgrade concentrating REE’s at Halleck Creek is shown below: ratio, representing a ~200% increase from existing flowsheet
Slide 11: 1000 ppm Cutoff
1000 ppm Cutoff Net-smelter return (NSR) shows an economic cut-off grade of 1000 ppm TREO • Cut-off grade = expectation of economic extraction at that grade • Based on recovery of five primary expected products: Dy, Tb, Nd, Pr, and La" 1000 ppm TREO cut- 3195 ppm TREO off grade < average grade = low
Slide 12: Halleck Creek Potential Resource Extent
Halleck Creek Potential Resource Extent HC23-OM028 HC23-OM034 Deepest hole, HC23-OM028 • 302 m • Average 5088 ppm TREO 12 AMERICAN RARE EARTHS | February 2024
Slide 13: Cross Sections
Cross Sections 13 AMERICAN RARE EARTHS | February 2024
Slide 14: Halleck Creek drill holes and model extent
Halleck Creek drill holes and model extent • Only 25% claims have been drilled • Open along strike and at depth 14 AMERICAN RARE EARTHS | February 2024
Slide 15: Infrastructure
Infrastructure • Close to infrastructure, a highly skilled workforce and the University of Wyoming. • Located in the Central Laramie Mountains, between Laramie and Wheatland. • Interstate and railroad access via existing state roads. • Burlington Northern Sante Fe mainline railroad runs through Whea
Slide 16: Halleck Creek Development Strategy
Halleck Creek Development Strategy Three-phased parallel path to permitting Phase 1: • Finalise scoping study Q1 2024. • Pursuing test mine authorisation from the State of Wyoming (Timeframe less than 1 year). • Test mine and piloting. • Low-cost path to de-risking project. • Flowsheet provided in A
Slide 17: Investment Overview
Investment Overview • Domestic sourcing of magnet metals have strategic importance for U.S. • Forecasted deficit for magnet metals. • Flagship deposit test results indicate: • Low-cost, conventional processing • Scalable development within homogenous rare earth mineralisation • Expedited permitting
Slide 18: Appendix
Appendix
Slide 19: Strong Partners
Strong Partners U.S. Department of Energy U.S. Department of Defense Advanced Research U.S. Department of Energy Critical Materials Institute Projects Agency’s EMBER program (CMI) 19 AMERICAN RARE EARTHS | February 2024
Slide 20: About Rare Earths
About Rare Earths Of the 17 rare earth elements, we are focused on primary magnet metals (neodymium (Nd) and praseodymium (Pr)), which are both present at our flagship project, Halleck Creek. Nd Pr These elements are essential to: Advanced Wind Electric Electric Solar Weaponry/ Electronics Turbines
Slide 21: Critical to Global Supply Chains
Critical to Global Supply Chains Short Term 2020-2025 Medium Term 2025-2035 Critical Near Critical Not Critical Critical Near Critical Not Critical High High 4 Lithium Dysprosium 4 Lithium Nickel Uranium Uranium Importance to energy Importance to energy Cobalt Cobalt Electrical Steel Gallium Dyspros
Slide 22: Forecasted Deficit in Magnet Metals
Forecasted Deficit in Magnet Metals NdPr NdFeB demand by end-use application ROW* Nd-Pr oxide supply and demand (base case) Power steering Auto electrics EV motor ROW mine supply* Nd-Pr oxide (kt) ROW refined supply* Nd-Pr oxide (kt) Other e-Motors Consumer electronics Robotics ROW Demand Nd-Pr oxid
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