Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Future Facing Commodities Conference Singapore 2023
27 slides from Arafura Rare Earths's conference presentation, Apr 5, 2023
Slide 1: ASX Announcement: Future Facing Commodities Conference
ASX ANNOUNCEMENT FUTURE FACING COMMODITIES CONFERENCE 5 April 2023 For personal use only Arafura Rare Earths Limited (ASX:ARU) (“Arafura” or the “Company”) is pleased to attach a copy of its presentation delivered by Managing Director, Mr Gavin Lockyer, at the Future Facing Commodities Conference he
Slide 2: The Nolans Project
For personal use only The Nolans Project Future Facing Commodities Singapore 2023 5 April 2023 (ASX:ARU) 1
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Arafura Rare Earths Limited (Arafura, Arafura Rare Earths or the Company) and is of a summary form only and therefore contains general background information which may not be complete. It should be read in conjunction with, and
Slide 4: Nolans Project Overview
Nolans Project For personal use only Overview (ASX:ARU) 3
Slide 5: Nolans Project: Australian based, NdPr focused
The Nolans Project contains all rare earths but is particularly Nolans Project enriched with the ‘magnet feed’ For personal use only rare earths neodymium and Australian based, NdPr focused and praseodymium. aligned with global energy transition 60 59 Nd Pr NEODYMIUM PRASEODYMIUM The dominant applic
Slide 6: Close to existing key infrastructure
Close to existing key infrastructure For personal use only Stuart Highway 10km east Amadeus natural gas pipeline- adjacent to project site Water supply 25km southwest Tailings and process wastes at site Alice Springs railyard, airport and other services 135km south (ASX:ARU) 5
Slide 7: Delivering to an ESG World
Delivering to an ESG World For personal use only The Nolans ore to oxide, single site processing solution is strongly aligned with the emerging ESG focus In a changing world, a focus on environmental responsibility has become paramount. Single site processing provides traceable product and ESG waste
Slide 8: Recent A$141m capital raising de-risks the Nolans construction schedule
Recent A$141m capital raising de-risks the Nolans construction schedule For personal use only Feb 19 H2 2025 DFS First Ore & Completed Production Mar 20 Mid 20 Aug 21 Nov 22 Jan 23 Apr 23 Mid 23 Early 25 Commencement* Reserve Increase Native Title FEED Hyundai Offtake Long Lead Construction Finance-
Slide 9: NdPr Market & Offtake
NdPr Market For personal use only & Offtake (ASX:ARU) 8
Slide 10: Favourable Supply-Demand Profile
Investment in new projects is required to Favourable Supply-Demand Profile meet demand requirements For personal use only Automotive sector is forecast to be the primary consumer of NdFeB magnet supply. 2032 forecast assumes ~51 million EVs sold(1). Achieving supply-demand balance over the next 10 y
Slide 11: Offtake & Funding
Offtake & For personal use only Funding (ASX:ARU) 10
Slide 12: Offtake
Offtake Arafura is targeting 85% of Planned Production1 as binding offtake (Binding Offtake Target). For personal use only … Offtake Discussion Group Location NdPr Oxide (tpa)2 % of Binding Offtake Target Secured Offtake (binding agreement) Offtake strategy aligned Hyundai & Kia Korea 1,500 40% with
Slide 13: Funding Structure
Funding Structure Project Funding MMI Grant For personal use only Debt Requirement MLAs appointed, Société Générale, NAB and KfW. KfW appointed as Export Credit Agency (ECA) structuring bank. Offtake drives the participation of untied ECA funding and creates debt liquidity. MLA financing will have a
Slide 14: Key Takeaways
Key Takeaways Nolans is an advanced ore-to-oxide project of scale to feed into For personal use only a diversified NdPr value chain Cornerstone Binding Offtake Agreement with Hyundai and Kia. Non-binding MoU with GE Renewable Energy to collaborate in establishment of sustainable NdPr supply chain. D
Slide 15: Contact Information
Contact Information For personal use only Level 6, 432 Murray St, Perth WA 6000 34/119 Reichardt Rd, Winnellie NT 0820 +61 8 6370 2800 arafura@arultd.com www.arultd.com (ASX:ARU) 14
Slide 16: Appendices
Appendices For personal use only (ASX:ARU) 15
Slide 17: Strong Project Economics
Strong Project Economics Project Update released in For personal use only Key Project Information Mining and Production Mine Life (years) 38 November 2022 NdPr Oxide (tpa) 4,440 SEG/HRE Oxide (tpa) Phosphoric Acid (tpa 54% P2O5 MGA) 474 144,393 Post-tax NPV8 of A$2.4 Product Pricing US$/kg NdPr Oxid
Slide 18: NdPr for Magnets Critical Component in Clean Energy Sector
4/5/2023 NdPr for Magnets Critical Forecast supply gap emerging by 2030 represents in excess of 10 Nolans Projects Component in Clean Energy Sector For personal use only ➔ Wood Mackenzie forecast an Accelerated Energy Transition (AET) 1.5°C scenario (Global net zero by 2050) requires significant and
Slide 19: Seeking Offtake & Supply Chain Achievement in ESG Credentials
SEEKING Offtake & Supply Chain ACHIEVEMENT IN THESE ESG CREDENTIALS Mine RE Extraction For personal use only RE Separation Sustainable producer of NdPr to align to Toll (Australia) “Green Procurement” strategy Processing Contract NdPr Oxide Enables access to a sustainable NdPr Metal Converter (Vietn
Slide 20: Experienced Board
Experienced Board For personal use only Mark Southey Chris Tonkin Quansheng Zhang Cathy Moises Darryl Cuzzubbo NON-EXECUTIVE CHAIR NON-EXECUTIVE DIRECTOR NOMINEE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Mark Southey has previously held Chris Tonkin has over 35 years’ Quansheng Zhang ho
Slide 21: Experienced Management
Experienced Management For personal use only Gavin Lockyer Peter Sherrington Stewart Watkins Lloyd Kaiser MANAGING CHIEF FINANCIAL GENERAL MANAGER GENERAL MANAGER DIRECTOR OFFICER PROJECTS SALES & MARKETING Gavin Lockyer’s diverse, global Peter commenced employment Stewart has over 30 years’ Lloyd h
Slide 22: Our Technical Team
Our Technical Team For personal use only = Dr Alex Elliot Kelvin Hussey Lourdes Valle Michael Robinson TECHNOLOGY PRINCIPAL PROCESS ENGINEERING ESG MANAGER GEOLOGIST MANAGER MANAGER BSc (Chemistry), BEng BSc (Hons), MAIG FAusIMM (CP), FIEAust, NER BSc (Environmental Science) (Chemical), PhD (Chemica
Slide 23: Our Project Team
Our Project Team For personal use only Robert Gerrard Sam Binnie Alvin Chin Graeme Perkins Alex Buchan Bhupesh Kalia DEPUTY PROJECT NPI PROJECT MANAGER PROJECT MANAGER E&I PROJECT MANAGER – COMMERCIAL & PROJECT CONTROLS DIRECTOR HYDROMET PLANT CONTRACTS MANAGER MANAGER BEng (Civil) (Hons), BSc BEng
Slide 24: Long Life Asset
Long Life Asset RESOURCES TONNES (m) RARE EARTHS TREO % PHOSPHATE P2O5 % NdPr ENRICHMENT % Geology For personal use only Measured 4.9 3.2 13 26.1 Indicated 30 2.7 12 26.4 Inferred 21 2.3 10 26.5 TOTAL 56 2.6 11 26.4 World class strategic As announced on 7 June 2017. 1% TREO cut-off grade. Numbers ma
Slide 25: Process Flowsheet
Process Flowsheet For personal use only (ASX:ARU) 24
Slide 26: Technology Program Complete: Flowsheet Pilot
Technology Program Complete For personal use only Flowsheet Pilot PHASE PHASE PHASE PHASE PHASE PHASE 1 2 3 4 5+6 + 7 BENEFICATION PHOSPHATE BULK ACID RARE EARTH RARE EARTH EXTRACTION PRE-LEACH BAKE PROCESSING SEPARATION 5,000kg high- Merchant grade 2,000kg pre-leach 4,100kg rare earth >99.5% of cer
Slide 27: Waste and Water
Waste and Water Arafura’s single site processing model provides traceable product and waste management systems which is aligned Approved End to end Management with customers’ ESG expectations. For personal use only Environmental Approval and Project Costing includes all Approved end to end waste man
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