Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Investor Presentation (November 2024)
16 slides from Meteoric Resources Nl's investor presentation, Nov 20, 2024
Slide 1: An afternoon with ORDS - Rare Earths
For personal use only ASX:MEI METEORIC An afternoon with ORDS - Rare Earths Caldeira - The World’s Highest Grade Ionic Adsorption Clay REE Deposit NOVEMBER 2024
Slide 2: Disclaimer
DISCLAIMER These materials prepared by Meteoric Resources NL (“Meteoric” or the “Company”) include forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “cont
Slide 3: MEI Snapshot
COMPANY OVERVIEW MEI SNAPSHOT ASX Code MEI For personal use only Share Price (18/11/24 Close) A$0.10 Shares on Issue 2,299M Market Capitalisation A$230M Cash (30/09/2024) A$35.6M Trading volume (3-month Avg.) 5.6M BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Executive Director Dr Marcelo
Slide 4: Brazil – Tier Jurisdiction
BRAZIL – TIER 1 JURISDICTION Government support and recognition of the importance of developing the industrial supply chain For personal use only Strategic Minerals Policy Approvals Road Map to Mining Approval process Well established mining Recently created to assist in clearly defined with regulat
Slide 5: Key Development Programs
KEY DEVELOPMENT PROGRAMS Progressing critical workstreams with key partners Engineering / Pre-Feasibility • Pre-Feasibility due in Q1 2025 For personal use only • Focus on driving further Capex and Opex reduction • Commencement of separated oxides scoping study Metallurgy • Completion of ANSTO test
Slide 6: Project Development
PROJECT DEVELOPMENT Multiple targets provide ongoing growth optionality For personal use only • 740Mt @ 2,572ppm TREO with additional resource updates to follow • Six license areas drilled from the 69 available • Enormous potential for resource growth • Targeting additional value adding heavy REE on
Slide 7: Ongoing Exploration Success
ONGOING EXPLORATION SUCCESS Developing the potential for expansion into the Northern areas For personal use only METEORIC INVESTOR PRESENTATION | NOVEMBER 2024 Capão do Mel - Plan view 7
Slide 8: Simple Process Flowsheet
SIMPLE PROCESS FLOWSHEET Caldeira’s favourable ionic clay metallurgy allows Meteoric to produce a refined mixed rare earth carbonate product at a significantly lower cost and energy intensity For personal use only Key advantages Process Flowsheet Recycling Low acidity, short cycle, process driven by
Slide 9: Metallurgy and Processing
METALLURGY AND PROCESSING Simple, low-cost and the capacity to achieve high recoveries with minimal environmental impact • Produces a mixed rare earth carbonate (MREC) For personal use only product recovering 73% of highly valuable MREO* • Metallurgical test work by ANSTO deliver outstanding recover
Slide 10: World-Class Project Physicals
WORLD-CLASS PROJECT PHYSICALS Industry-leading project of scale with expansion potential Life of Mine (ASX 22/10/2024) Unit Value For personal use only Life of Mine Years 20 Plant Nameplate Capacity ROM Mtpa 5 Payback 2.2 NPV8 $1.4bn IRR 40% Ramp up from 3Mtpa to 5Mtpa years 1 years Total Quantity M
Slide 11: Operating Costs
OPERATING COSTS Production from Caldeira will be placed at the bottom of the industry cost curve Cost Metrics Unit Years 1-5 Average LOM Average Low operating cost: Annual C1 opex US$M 61 65 For personal use only • Free dig material Annual C1 opex US$/kg TREO 5.33 6.74 • Low strip ratio Annual AISC
Slide 12: Rare Earths Production
RARE EARTHS PRODUCTION Attractive margins for NdPr production and TREO production throughout the cycle • Total production of 194kt REO within 340kt MREC over the • NdPr production generates a margin over discounted 20-year mine life Adamas pricing and spot pricing at 70% payabilities For personal us
Slide 13: Capital Costs, Funding and Offtake
CAPITAL COSTS, FUNDING AND OFFTAKE Low capital intensity and operating costs make Caldeira a highly financeable project in all market conditions Capex Description Cost (US$M) For personal use only • Capital costs for the base case 5Mtpa estimated at US$297M Equipment 103 • Class 5 estimate (nominal
Slide 14: Quality Asset with Strong Peripheral Support Network
QUALITY ASSET WITH STRONG PERIPHERAL SUPPORT NETWORK Caldeira is the world’s most attractive rare earth development project and a true industry disruptor High grade resource For personal use only Low operating cost Low capital intensity Excellent financial metrics Strong Government support Massive E
Slide 15: Contact Us
For personal use only CONTACT US Meteoric Resources ABN 64 107 985 651 W www.meteoric.com.au A Level 1, 35 Ventnor Avenue, West Perth WA 6005 Dr Andrew Tunks - Executive Chairman T +61 400 205 555 E ajtunks@meteoric.com.au Stuart Gale – Managing Director T +61 437 900 175 E sgale@meteoric.com.au ASX
Slide 16: For personal use only
For personal use only METEORIC INVESTOR PRESENTATION | NOVEMBER 2024 16
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