Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Shareholder Meeting (November 2021)
25 slides from Ionic Rare Earths's shareholder meeting presentation, Nov 24, 2021
Slide 1: Building Secure Long Life Critical and Heavy Rare Earths Capacity
For personal use only Building Secure Long Life Critical and Heavy Rare Earths Capacity 2021 Annual General Meeting IONICRE.COM.AU 24 NOVEMBER 2021
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: The Time is Now
The Time is Now For personal use only DEVELOPING A SECURE, TRACEABLE, CRITICAL AND HEAVY RARE EARTH SUPPLY CHAIN TO FACILITATE CARBON NEUTRALITY The Mine – Makuutu The Refinery – Secure Supply The Basket – High Margin Increasing Demand, Reducing Supply – Becoming Makuutu is one of very few Opportuni
Slide 4: ESG initiatives 'front and centre' at Makuutu
ESG initiatives ‘front and centre’ at Makuutu For personal use only ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) FRAMEWORK IN DEVELOPMENT TO BUILD LASTING LEGACY Environmental and Social Rehabilitation to consider Community Support Programs Community socio-economic Impact Assessment (ESIA) in developmen
Slide 5: IonicRE Corporate Snapshot
IonicRE Corporate Snapshot For personal use only STRATEGIC VALUE DRIVEN BY THE UNIQUE CREO/HREO BASKET CAPITAL STRUCTURE (as @ 19/11/2021) $0.07 450 Volume Share Price Shares Outstanding 3,392,399,514 400 Total Options Outstanding 175,000,000 $0.06 (exercisable at 1.8 to 6.0 cents) Share Price A$0.0
Slide 6: Makuutu Rare Earths Project
For personal use only Makuutu Rare Earths Project Developing a Secure, Sustainable, Long-Life, CREO/HREO Supply IONIC RARE EARTHS PAGE 6
Slide 7: 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 WITH 73% CRITICAL AND HEAVY RARE EARTHS Scoping Study confirms robust Makuutu is unique and Existing Infrastructure at Significant Exploration upside at economics for Base Case CREO rec
Slide 8: Mt Ionic Adsorption Clay (IAC) Mineral Resource Estimate with Upside
315 Mt Ionic Adsorption Clay (IAC) Mineral Resource Estimate with Upside For personal use only FURTHER IAC TARGETS IDENTIFIED AT MAKUUTU 279 drill holes (4,754 metres) completed between October 2019 and October 2020 defining JORC MRE1 of 315 Mt @ 650 ppm Total Rare Earths Oxide (TREO), at a cut-off
Slide 9: Makuutu Rare Earth Project Highlights
Makuutu Rare Earth Project Highlights For personal use only STRATEGIC VALUE DERIVED BY THE UNIQUE CREO/HREO DOMINANT BASKET Ionic Adsorption Clay (IAC) deposit mineralisation is highly desirable given it produces a balanced REO MAKUUTU BASKET basket dominant in CREO & HREO HIGH VALUE CREO / HREO PRO
Slide 10: Makuutu Basket is Balanced, CREO+HREO Dominant and High Value
Makuutu Basket is Balanced, CREO+HREO Dominant and High Value For personal use only Australian Hastings Ionic Rare Lynas Rare Arafura Peak Pensana Rare Northern USA Rare Company MP Materials2 Strategic Technology Earths Earths1 Resources3 Resources6 Earths7 Minerals8 Earths9 Materials4 Metals5 REO P
Slide 11: Makuutu Timeline to Production
Makuutu Timeline to Production For personal use only ACCELERATING MAKUUTU TOWARDS PRODUCTION IN 2024 2021 2022 2023 2024 ACTIVITY Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Resource Drilling (Phase 4) Metallurgy Testwork MRE Update ESIA Feasibility Study Landowner Agreements Demonstration Plant Funding Agreem
Slide 12: Tier-One In-Country Infrastructure already there
Tier-One In-Country 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 Approximate
Slide 13: Investment in Uganda – The Pearl of Africa
Investment in Uganda – The Pearl of Africa For personal use only MAJOR INTERNATIONAL INVESTMENT INTO UGANDA IS UNDERWAY • Ugandan law allows for 100% foreign-owned businesses, and foreign businesses are allowed to partner with Ugandans without restrictions. • The US$10B Lake Albert Oil Project (Tota
Slide 14: 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 Global HREO separation and refining capacity operated and NPM Silmet controlled by China1 Estonia Light Rare Earth Separation and Refining Northern Rare Earths Small capacity
Slide 15: Strategic Partnership Activity – Exploring Optionality
Strategic Partnership Activity – Exploring Optionality For personal use only A RARE EARTH BASKET WITH ‘BALANCED’ APPEAL • IAC balanced basket appeal as one of only two global IACs of scale in development • IonicRE in April signed a non-binding MOU1 with China Rare Earths Jiangsu, a subsidiary of Chi
Slide 16: IonicRE Value Proposition
IonicRE Value Proposition For personal use only MAKUUTU’S STRATEGIC IMPORTANCE WILL INCREASE LONG TERM LONG-LIFE, LOW-COST, HIGH-VALUE BASKET ASSET Large, Long-Life Potential “When peering into the outlook for the next decade • Massive Ionic Adsorption Clay deposit with exploration upside to come, i
Slide 17: Looking Forward to 2022
Looking Forward to 2022 For personal use only KEY ACTIVITIES OVER NEXT 6 TO 12 MONTH THAT UNLOCK SUBSTANTIAL VALUE AT IONIC RARE EARTHS • Drill assays from remaining Phase 4 infill program (next 3-4 months) • Submission of ESIA in Uganda (Q4 2021) • Mineral Resource Estimate update (Q1/Q2 2022) • Ph
Slide 18: 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 T +61 8 9481 2555 F +61 8 9485 1290 IONIC RARE EARTHS PAGE 18
Slide 19: Additional Slides
For personal use only ADDITIONAL SLIDES IONIC RARE EARTHS PAGE 19
Slide 20: REE Hard Rock Mining/Processing vs IAC Mining/Processing
REE Hard Rock Mining/Processing vs IAC Mining/Processing For personal use only Ionic Adsorption Clay (IAC) deposit mineralisation is highly desirable given it produces a balanced REO basket dominant in CREO & HREO with higher value and broader appeal Near surface IAC mineralisation translates to low
Slide 21: The REE Basket Problem – the Solution requires 'Balance'
The REE Basket Problem – the Solution requires ‘Balance’ For personal use only Ionic Adsorption Clay (IAC) deposit mineralisation is highly desirable given it produces a balanced REO basket dominant in CREO & HREO with higher value and broader appeal Hard rock rare earth mines typically >90-95% LREE
Slide 22: Makuutu and Critical Raw Materials 2020
Makuutu and Critical Raw Materials 2020 For personal use only MAKUUTU BASKET CONTAINS HIGH RANKED CRMs IDENTIFIED IN 2020 EU STUDY REQUIRED TO ACHIEVE CARBON NEUTRALITY Secure and sustainable supply of both Economic Importance vs Supply Risk results for 2020 criticality assessment1 primary and secon
Slide 23: Makuutu is one of the largest global Scandium resources… and growing
Makuutu is one of the largest global Scandium resources… and growing For personal use only 3RD LARGEST GLOBAL SCANDIUM RESOURCE REPORTED Dalur (Rosatom) Kovdor (EuroChem) Deposit Metals: U, Sc Deposit Metals: FeO, Phosphate Scandium Resource: unknown Scandium Resource: unknown Project Status: Produc
Slide 24: Applications with Aluminium in Light-weighting Transportation
Applications with Aluminium in Light-weighting Transportation For personal use only The need for light-weighting solutions has dramatically increased the adoption of aluminium alloys in transportation. Stricter efficiency standards, the advent of the electric vehicle and the emergence of new sectors
Slide 25: Scandium Market Potential
Scandium Market Potential For personal use only SIGNIFICANT POTENTIAL FOR SCANDIUM MARET TO GROW RAPIDLY IN GLOBAL TRANSPORT SECTORS While the current scandium (Sc) market is 15-20 tonnes per annum scandium oxide (Sc2O3), the global transportation industry has the potential to turn scandium into a b
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