Rarex Limited · ASX:REE
Rarex — Resources Rising Stars Presentation (May 2023)
44 slides from Rarex's conference presentation, May 15, 2023
Slide 1: Phosphate Enabled Rare Earths
Phosphate Enabled For personal use only Rare Earths James Durrant ASX: REE OTCQB: REEEF May 2023 rarex.com.au
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements For personal use only Investor Relations This presentation contains summary information about RareX Limited (REE) and is current as Competent Person’s Statement - Geology: The information in this presentation relating to the of 15 May 2023 and is authorised
Slide 3: RareX and the Cummins Range Project
DSO Phosphate Enabled Wyndham Port Rare Earths For personal use only Kununurra RareX and the Cummins Range Project Ord River A Direct Shipping Ore (DSO) Hydro Plant Phosphate enabled Rare Earths Critical Minerals Project – updated studies imminent. Mineral Close to a mineral corridor and bulk- Corri
Slide 4: Rare Earths Phosphorus
For personal use only RE P 57-71 15 Rare Earths Phosphorus
Slide 5: RareX Value Proposition
RareX Value Proposition A DSO Phosphate Catalysed Rare Earth Project Cummins Range can be fast tracked to operations, 5 ultimately giving investors access to 2 global mega For personal use only trends with 2 critical product categories 3 4 Two critical products 2 Existing local 1 infrastructure Two
Slide 6: Corporate Snapshot
Corporate Snapshot Presents a Compelling Time to Invest For personal use only Capital Structure* Shareholders ASX Code REE OTCQB REEEF Top 40 Shareholders ~39 % Share Price (03.05.2023) A$0.060 Number of Shareholders ~5,370 Shares on Issue 579m Major Shareholders Simon Lee AO (6.3%) Market Capitalis
Slide 7: Mineral Resources
Mineral Resources For personal use only 15 57-71 P Phosphorus RE Rare Earths
Slide 8: Cummins Range Deposit Location Overview
Cummins Range Deposit Deposit Location Overview Remote but Well Connected 130km SW of Halls Creek access via Tanami Road For personal use only Deposit at surface ease of exploration Jaru Traditional Owners consulted and supportive Part of the Great Sandy Desert on unused pastoral lease Connected to
Slide 9: 2023 JORC Resource
2023 JORC Resource 519.3Mt: Global Resource (JORC 2012) 4.6% P2O5; 0.32% TREO 2.5% P2O5 Tonnes TREO P2O5 NdPr Nb2O5 HREO For personal use only Grade Cut Mt ppm % ppm ppm ppm 1.6Mt TREO 24Mt P O 2 5 Indicated 66.6 5,010 6.8 1,100 830 290 contained contained Inferred 452.7 2,900 4.2 630 550 170 Basis
Slide 10: Resource Comparison
Resource Comparison Highlights Cummins Range Australian Undeveloped Rare Earth Deposits For personal use only 2.0 Measured TREO Scoping Indicated TREO 1.6 BFS Inferred TREO Market Cap, AUD (01.05.2023) 1.2 Tonnes Contained, Mt $0.87B 0.8 BFS BFS BFS Exploration BFS 0.4 $0.26B $0.17B $0.18B $0.20B $0
Slide 11: Pathway to Monetisation
Pathway to Monetisation For personal use only
Slide 12: Fast Track to Operations with Phosphates De-risking
Fast Track to Operations with Phosphates De-risking Roadmap to Rare Earths 3 Project Stages • Strategic Advantages For personal use only Stage 1: DSO ü ü Existing infrastructure bulk ready with road and port Local product placement Organic Rock Phosphate opportunities High bioavailability ü Rare Ear
Slide 13: Stage 1: DSO
Stage 1: DSO Premium Direct Application Fertiliser For personal use only Favorable Metallurgy Cummins Range Phosphorus Bioavailability Test ü 5x industry standard 50.00% reactivity for “high” 45.00% bioavailable rock Phosphate 40.00% ü Broader scale bioavailability 35.00% testwork further confirmed
Slide 14: Stage 2: Phos
Stage 2: Phos Low Deleterious Phos Con The proposed installation of a beneficiation plant to upgrade the lower grade Phosphate For personal use only Metallurgical Highlights Upcoming Tails ü Positive beneficiation Flowsheet optimisation including: Milling Rougher Float Dewatering Bene Crushing perfo
Slide 15: Stage 3: Rare Earths
Stage 3: Rare Earths RE-Phos Con and Derivatives The proposed modification of Stage 2 plant and installation of the Rare Earth value chain Rare Earth Mineral Deportment Fresh Rock For personal use only Regolith: Transition to Fresh Encouraging results from Stage 2 Mineralogy revealed: flowsheets and
Slide 16: Market Segmentation and Product Types
Market Segmentation 3 Product Types For personal use only +South East and East Asia 1. DSO Local and National • Growing market on the project doorstep • MOU with OrdCo and market strategy underway • Potential for Organic product certification 15 +Saudi Arabia 2. Phos con +South East and East Asia P
Slide 17: Monetising in a Sustainable Manner
Monetising in a Sustainable Manner For personal use only ESG Framework What we’re Currently Doing • WEF consistent designed by Top5 ü TO negotiations towards a Mining advisor Heritage Agreement • Aligned to stakeholder’s expectations ü Environmental Baselines +50% • Mapped out through exploration, c
Slide 18: Team Adjusted to Suit
For personal use only Team to suit Adjusted
Slide 19: Danny Goeman quote
For personal use only “RareX has the potential to become a near term producer of Phosphate fertilizer products on a pathway to Rare Earths. “I joined to help RareX define its product roadmap and to place products into the fertilizer industry. “By getting this right at the beginning of the project, I
Slide 20: An Evolved Board of Company-Building Directors
An Evolved Board of Company-Building Directors For personal use only Danny Goeman John Young Non-Executive Director Non-Executive Director Offtake, Marketing, Shipping Geology, Development, Growth Ex FMG director of sales and marketing and advisor to the CEO, Co-founder and executive director follow
Slide 21: Team Continuity Maintained
Team Continuity Maintained Focus: Development & Ops James Durrant Chief Executive Officer Greg Wynne For personal use only Senior Geologist Mining and Mechanical Engineer with nearly 20 years Geologist, project manager across Tier 1 operations and and mines rescue qualified junior company project de
Slide 22: Supported by Preeminent Team of Partners
Supported by Preeminent Team of Partners with Mining DNA and Execution Capability For personal use only
Slide 23: Existing Local Infrastructure
Existing Local Infrastructure For personal use only
Slide 24: Infrastructure in Place
Infrastructure in Place Ready for Bulk Operations B 2 and Future Processing Wyndham C For personal use only Kununurra Hydro Power D Fundamentally Good Enabling the Proposed 390 km Lake Argyle Infrastructure Approach Tanami Intersection 3 Ord River to Wyndham 1 Hydro Plant A road network becoming sea
Slide 25: Mineral Corridor in Place
Mineral Corridor in Place Sealed Roads being Installed For personal use only Mine to Tanami Great Northern Highway 50km of station fence-line 390km of existing sealed highway Miscellaneous License process • Linking The Tanami turn off to about to commence, heritage Wyndham Port agreement includes ro
Slide 26: Port Wyndham Bulk Ready
Port Wyndham Bulk Ready 1 Cummins Port Good facilities Tactical Integration For personal use only Range Wyndham Managed by CGL with operations MOU with Agrimin (ASX: AMN) to for haulage, fuel, and roll on roll off develop integrated infrastructure may 3 among others short-cut development 3 Lake Argy
Slide 27: Lake Argyle – Hydro Plant
Lake Argyle – Hydro Plant Optionality for a Low Carbon Operation For personal use only 1 Port Optionality for low carbon facilities Wyndham 2 Cummins 1 • Electrified haulage fleets - Study Range Lake Argyle, work scoped 2 Ord River Hydro Plant • Brownfield infrastructure at the old Argyle Diamond Mi
Slide 28: Good Corporate Citizen in a Collaborative Region
Good Corporate Citizen in a Collaborative Region For personal use only OrdCo MOU Collaborating to develop and place Phosphate products locally • Product R&D • Product development roadmap • Local distribution Agrimin MOU Collaborating across the supply chain from trucking to OGV loading • Infrastruct
Slide 29: Strategic Products Global Demand
Strategic Products For personal use only Global Demand Double Exposure
Slide 30: Strategic Global Markets Mega Trends
2 Strategic 2 Global Markets Mega Trends Food Security The Electric Revolution For personal use only • Population growth • Wind farms Another 1.7B people by 2050 200kg NdPr per MW of turbine to a total of 9.7B Net Zero goals by 2050 • Depleting soils • Electric Vehicles Intensive farming 1kg NdPr pe
Slide 31: EV Transition and Emerging NdPr Supply Deficit
The EV Transition Translating into an Emerging Deficit of NdPr Supply For personal use only Drivers of EV demand: Global Passenger Car Outlook - Bloomberg NEF Government commitments Internal Hybrid Fuel Cell Plug-in Battery electric by 2050 combustion hybrid Lynas annual output in 2021: 5,462 NdPr o
Slide 32: Growing Phosphate Fertiliser Demand
Growing Phosphate Fertiliser Demand Augmented with LFP Battery High Value LFP Battery & Phosphate Market Expansion For personal use only percentage of global market share of projected ARK forecast projected UBS forecast LFP batteries in 2021 for 2026 for 2030 Rock demand, Mt Rock Phosphate Rock, USD
Slide 33: What's Next?
For personal use only Next? What’s
Slide 34: The Future is Bright… Fast Track to DSO Operations
The Future is Bright… Fast Track to DSO Operations Catalysing a Large Critical Minerals Project For personal use only 2023-24 2025 2026+ Stage 1 – DSO Global DSO resource FID Continued operations Scoping Study Installation Definitive Feasibility Study Operations Close infrastructure gaps – deals and
Slide 35: Board of Directors
For personal use only Board of Directors Non-Executive Chairman Jeremy Robinson Non-Executive Director John Young Non-Executive Director Danny Goeman Non-Executive Director Shaun Hardcastle Non-Executive Director Cameron Henry Company Secretary Oonagh Malone Chief Executive Officer James Durrant Rar
Slide 36: Facts, Figures & Analysis
Facts, Figures & For personal use only Analysis
Slide 37: RareX Value Proposition
RareX Value Proposition A DSO Phosphate Catalysed Rare Earth Project Cummins Range can be fast tracked to operations, 5 ultimately giving investors access to 2 global mega For personal use only trends with 2 critical products 3 4 Two critical products 2 Existing local 1 infrastructure ü Rare Earths
Slide 38: NdPr Enabling Decarbonisation of our Society
NdPr Enabling Decarbonisation of our Society For personal use only NdFeB permanent magnet motors are crucial in reducing greenhouse gas emissions as they are at the heart of so many electric mobility solutions. Green, clean electric mobility solutions require ethical, sustainable, transparently prod
Slide 39: NdPr Enabling Decarbonisation of our Society
NdPr Enabling Decarbonisation of our Society For personal use only Each electric vehicle ~1 contains kg of all automotive applications, including hydrogen vehicles, have selected a of NdPr oxide Rare Earth NdFeb permanent magnet electric motor for their default driveline solution
Slide 40: Global EV Mega Trend Continues to Accelerate
Global EV Mega Trend Continues to Accelerate For personal use only The global automotive “Global carmakers now industry surpassed target to spend USD in 2022 515b* for EVs & 1 batteries. Including Tier 1 suppliers, investments should have surpassed trillion USD 1 trillion.” Jeremy Robinson USD MD Ra
Slide 41: Supported By Global Legislation To Meet Net Zero Targets
Supported By Global Legislation To Meet Net Zero Targets By 2050 For personal use only More and more countries have a clear roadmap to phase out internal combustion engine (ICE) vehicles. More than 30 countries have clear electrification targets or ICE bans for cars. Source https://cleantechnica.com
Slide 42: Translating into an Emerging Deficit of NdPr Supply
Translating into an Emerging Deficit of NdPr Supply For personal use only Global BEV & PHEV Sales / EV volumes “With every WW passenger card outlook / BNEF Plug-In Hybrids Battery Electric Vehicles EV Market Share in % incremental, additional Internal combustion Hybrid Fuel Cell Plug-in hybrid Batte
Slide 43: NdPr Pricing And Market Information
NdPr Pricing And Market Information The Market Overall market sentiment is positive, For personal use only due to significant progress in the E- mobility industry and rising EV sales Cummins Range Basket volumes. The price has been declining Price Distribution since March 2022, impacted by global SE
Slide 44: List Of Sources For Grade And Resource Graphs
List Of Sources For Grade And Resource Graphs Resource RareX Source of data Arafura Source of data ASM Source of data VHM Source of data For personal use only https://wcsecure.weblink.com.au/pdf/REE/0266088 https://wcsecure.weblink.com.au/pdf/ARU/026519 https://asm-au.com/dubbo-project/resources-and
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