Astron Limited · ASX:ATR
Astron — Investor Presentation (June 2024)
22 slides from Astron's investor presentation, Jun 17, 2024
Slide 1: Delivering a World-Scale Critical Minerals Project
For personal use only Delivering a World-Scale Critical Minerals Project Execution of the Donald Project Joint Venture ATR Investor Presentation – June 2024 1
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT COMPETENT PERSONS STATEMENT This presentation has been prepared by Astron Corporation Limited (Astron or the “Company”). The information The information in this report that relates to the MIN5532 Mineral Resource estimate is based on information and contained in this
Slide 3: Astron Corporation Limited
Astron Corporation Limited Establishing a world scale critical minerals producer with its Partners Astron and its Global Partners Yingkou Mineral Separation Plant Focus For personal use only (Astron) • Our focus is delivering shareholder value through the commercialisation of the Donald Rare Earth a
Slide 4: Donald Project
Donald Project A globally significant critical minerals operation on the cusp of operations Project Highlights Project Location For personal use only • World class resource in terms of size and scale, 4th largest rare earth project ex-China and the largest zircon resource in the world • Robust finan
Slide 5: Overview of Strategic Partnership with Energy Fuels Inc
Overview of Strategic Partnership with Energy Fuels Inc A joint venture that brings to life the Donald Project Transaction Highlights Transaction Structure For personal use only • Establishes an ethical, auditable Western-based rare earths value chain from mine to oxide • Aligns the Donald Project w
Slide 6: About Our Partner
About Our Partner Energy Fuels is a complementary partner who share our values and vision for growth EFR - A United States Critical Minerals Company White Mesa Mill, UT For personal use only • White Mesa Mill in Utah is the only existing facility in North • A leading US producer of critical minerals
Slide 7: REE Concentrate Offtake
REE Concentrate Offtake An auditable, ethical, Western rare earth oxide mine to market supply chain For personal use only Minerals Oxides Applications Rare earth element concentrate produced at Donald Project Separated rare earth oxides produced at White Mesa, UT Products used in the energy transiti
Slide 8: HMC Offtakes – Progress
HMC Offtakes – Progress Astron hold option for up to 100% of Donald Project HMC production Astron’s Mineral Sands Heritage Favourable Market conditions For personal use only • Extensive experience in the mineral sands market, with over 35 years of Global titanium feedstock supply demand balance: 201
Slide 9: Phase Definitive Feasibility Study
Phase 1 Definitive Feasibility Study Strong operational highlights with further upside from phase 2 Phase 1 DFS Phase 1: Conventional, Established and Proven Flowsheet For personal use only • Accessing only 17% of the total Mineral Resource, with a mine life of 41.5 years • Low strip ratio, minimal
Slide 10: Extensive Evaluation & De-risking
Extensive Evaluation & De-risking Project significantly de-risked through extensive test work exhibiting strong heavy mineral recoveries Geology Mining Processing For personal use only MRE Update Drilling program, 2022 Excavation of Bulk Sample Test-pit, 2018 Rare earth Flotation pilot plant, Nagrom
Slide 11: The Next Mineral Sands Development
The Next Mineral Sands Development Donald is the most advanced rare earths project on eastern seaboard Environmental For personal use only Effects Cultural Secondary Statement Heritage Export Permits Granted 2008 Mining Management Licence On-going Scheduled H2 2024 Licence Plan Approved 2013 Updatin
Slide 12: Experienced Team To Deliver
Experienced Team To Deliver Board, management and project team with strong project delivery experience George Lloyd Tiger Brown For personal use only Chairman Managing Director George has 40 years resource industry and corporate business Tiger joined Astron in 2018, holding various business developm
Slide 13: Environmental, Social and Governance
Environmental, Social and Governance Astron is committed to successful rehabilitation of mined land For personal use only Environment The Typical Mineral Sands Mine Lifecycle • Progressive rehabilitation back to original landform • Detailed mine plan enables preservation of native flora and fauna, a
Slide 14: Key Milestones
Key Milestones Astron will deliver a number of key milestones in the lead up to FID For personal use only Joint Venture completion to facilitate securing debt finance Project • Finalise HMC option study and HMC offtake arrangements Funding • Finalise project debt financing package, external funding
Slide 15: Project Timeline
Project Timeline The project has a dedicated and achievable timeline to first production and positive cash flows 2024 2025 2026 2027 For personal use only Activity Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Project Financing (Debt) Negotiations ✓ On-Min Approvals Review ✓ Off-Min Approvals ✓ Earthworks Finali
Slide 16: Further Information
Further Information For personal use only Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: contact@astronlimited.com Joshua Theunissen Company Secretary Tel: +61 3 5385 7088 Email: contact@astronlimited.com 16
Slide 17: Appendix: Donald Project – Ore Reserve Statement
Appendix: Donald Project – Ore Reserve Statement MIN5532 RL2002 outside of MIN5532 The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral Resources and Probable Ore Reserves, based on
Slide 18: Appendix: Donald Project – Mineral Resource Statement
Appendix: Donald Project – Mineral Resource Statement Mineral Resource above a 1% total HM cut-off Mineral Resource where VHM data is available reported above a cut-off of 1% total HM % of total HM Tonnes Total HM Slimes Oversize Tonnes HM Slimes Oversize Rutile/ Classification Classification Zircon
Slide 19: The Donald Rare Earths & Mineral Sands Project
The Donald Rare Earths & Mineral Sands Project 100% owned world class asset in supportive jurisdiction with key regulatory approvals in place For personal use only Located in the Wimmera Region, ~300kms to the NW of Melbourne, Approximately 70kms from the closest regional city of Horsham Total licen
Slide 20: Rare Earth Market
Rare Earth Market Permanent magnet demand drives demand for Rare Earths Rare Earth Elements (REE) • Nd Pr For personal use only Used in the production of rare earth alloys for permanent magnets Neodymium Praseodymium • Light REEs Nd & Pr found in Bastnaesite & Monazite minerals • Heavy REEs Tb & Dy
Slide 21: Donald Project Rare Earths
Donald Project Rare Earths Valuable composition of primary magnet rare earths Nd, Pr, Tb & Dy Donald Project REEC Basket value For personal use only • Donald’s REEC product is a high-quality monazite, xenotime concentrate that • The four critical magnet rare earths comprise 23.1% of the TREO contain
Slide 22: Mineral Sands
Mineral Sands High grade HMC product with valuable premium zircon component • Donald will target a 95% heavy mineral grade, resulting in a higher For personal use only proportion of valuable minerals with lower waste HMC • The HMC product contains significant zircon (~20% ZrO2), of which a majority