Rarex Limited · ASX:REE
Rarex — Investor Presentation (October 2021)
15 slides from Rarex's investor presentation, Oct 15, 2021
Slide 1: Growing Cummins – Range Rare Earths Project
Growing Cummins For personal use only Range Rare Earths Project Boom in a Room October 2021 ASX | REE rarex.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 15th October 2021 and has been authorised for release by the Board. The information in this presentation is of a general background and does not
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~40% OTCQB Code REEEF Share Price (14th October 2021) $0.10 Number of Shareholders ~5,200 Shares on Issue 452m Substantial Shareholder Simon Lee AO (6.5%) Market Capitalisation $45.2m Cash and In
Slide 4: Investment Overview
Investment Overview For personal use only • Strategically located asset: 100% owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Substantial resource: 18.8mt at 1.15% TREO + 0.14% Nb2O5, including 6.5mt at 1.98% TREO + 0.21% Nb2O5 • Exploration recommenced: E
Slide 5: Rare Earths and Niobium - a massive growth opportunity
Rare Earths and Niobium - a massive growth opportunity For personal use only Niobium and Rare Earth Elements share common end uses undergoing massive growth through the technology revolution, with Niobium backed up by the ever increasing growth in steel alloys End Market Applications Global End Mark
Slide 6: Rare Earths Prices on the Rise
Rare Earths Prices on the Rise For personal use only Magnet Metals – Neodymium (Nd) Praseodymium (Pr), Dysprosium (Dy) and 60 59 Terbium (Tb) Prices have risen sharply this year. Nd Pr Neodymium Praseodymium NdPr Market Balance Neodymium – Praseodymium Oxide Price (NdPr) Forecast NdPr Oxide market b
Slide 7: ESG Framework
ESG Framework For personal use only • RareX Announced its Maiden ESG framework in September 2021 developed in conjunction with industry leader Price Waterhouse Cooper. • RareX has aligned itself with the World Economic Forum “WEF” Principles • RareX already contributes 3.5% of its annual exploration
Slide 8: Significant JORC Resource
Significant JORC Resource For personal use only ∙ A large rare earth and niobium rich carbonatite deposit located in the Kimberley region of Western Australia ∙ Globally significant Indicated and Inferred JORC Resource 18.9Mt at 1.15% TREO + 0.14% Nb2O5 ∙ High-grade tonnes to 6.5Mt at 1.98 % TREO (i
Slide 9: Cummins Range - Grade and Scale
Cummins Range - Grade and Scale For personal use only 0.5% Tonnes TREO NdPr Nb₂O5 HREO Cut Off Mt % % % ppm ASX Listed Rare Earth Companies Primary Deposit Grades – TREO % Indicated 11.1 1.34 0.27 0.17 830 6% 5% Inferred 7.7 0.88 0.18 0.11 540 4% Total 18.8 1.15 0.23 0.14 711 3% 2% 1% 1.0% Tonnes TR
Slide 10: Growing the Resource
Growing the Resource For personal use only Cummins Range unique geology points to high grade potential • Carbonatite intrusive complex with REE mineralisation controlled by hydrothermal fluids • Historic drilling mostly orientated in the wrong direction • Recognition of high grade main fault / brecc
Slide 11: Initial Results
Initial Results For personal use only First batch of assays confirm true width of the Main Fault to be >40m and identify new mineralised position, highlighting the deposit’s exceptional growth potential • CRX0063 intersects multiple mineralised zones, including: • Main Fault – 41m at 2.4% TREO and 0
Slide 12: Primary Mineralisation Confirmed
Primary Mineralisation Confirmed For personal use only CDX0007 has intersected the high grade primary zone for the first time Oxidised REE-Nb Polymictic Breccia Confirmation of potential for extension at depth and wide open First assays from diamond drilling in 4-6 weeks Primary REE-Nb Polymictic Br
Slide 13: Study Work
Study Work For personal use only • Recent Exciting Drilling results – potential change in Scope • Recently appointed GM Projects Mr James Durrant • Scoping Study scheduled for completion March Quarter 2022 • Industry Leading experts now all appointed Consultant Scope Gavin Beer Rare Earth Element, m
Slide 14: Cosmos Exploration – Listing Soon
Cosmos Exploration – Listing Soon For personal use only • Allows focus on Nickel Copper PGE and Gold Exploration • Byro East Ni Cu PGE Project - Hosts numerous nickel-copper- PGE targets along the geological setting of the Milly Milly intrusions, considered to be analogous to the Gonneville intrusio
Slide 15: Key Investment Takeaways
Key Investment Takeaways For personal use only 1 High-quality, advanced Rare Earths Project in WA 2 Resource upgrade announced 3 Confirmation of high grade primary mineralisation 4 Rare Earths prices rising strongly 5 Cosmos Exploration IPO underway With a $40.0m market capitalisation, the company i