Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Merger or Acquisition (December 2021)
20 slides from Ionic Rare Earths's merger presentation, Dec 15, 2021
Slide 1: Seren Technologies Acquisition and Outlook for 2022
For personal use only Seren Technologies Acquisition and Outlook for 2022 IonicRE Shareholder Webinar IONICRE.COM.AU 15 DECEMBER 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 to Magnets The Basket – High Margin Increasing Demand, Reducing Supply – Becoming Multi-generational CREO and Maximise valu
Slide 4: Sustainable Rare Earth Supply Chain
Sustainable Rare Earth Supply Chain For personal use only ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) FOUNDATION LAID AT MAKUUTU • Environmental and Social Impact Assessment (ESIA) draft submitted in Uganda • Focus on carbon footprint reduction using renewable power • Water treatment for reagent recove
Slide 5: Acquisition of Seren Technologies
For personal use only Acquisition of Seren Technologies REE separation, refining & magnet recycling capability IONIC RARE EARTHS PAGE 5
Slide 6: Acquisition of Seren Technologies
Acquisition of Seren Technologies For personal use only ADDS IMMEDIATE CAPABILITY FOR DOWNSTREAM RARE EARTH SEPARATION, REFINING & MAGNET RECYCLING Acquisition of leading edge technology solution to provide new global and sustainable supply of rare earth metals for a Green Economy RARE EARTH MINING
Slide 7: Acquisition of Seren Technologies – People, IP and Know-How
Acquisition of Seren Technologies – People, IP and Know-How For personal use only ADDS IMMEDIATE CAPABILITY FOR DOWNSTREAM RARE EARTH SEPARATION, REFINING & MAGNET RECYCLING Prof. Peter Nockemann Dr Fergal Coleman • Technology based upon Ionic liquids, similar to solvent extraction • Inventor • Dire
Slide 8: REE Supply Chain and IonicRE Activity
REE Supply Chain and IonicRE Activity For personal use only IONICRE ADDING CAPACITY TO BECOME MORE INTEGRATED IN NEW FUTURE RARE EARTH SUPPLY CHAINS 1. Makuutu Rare Earths Project 2. IonicRE Refinery 3. Magnet Recycling • Low Capital, modular development • Under Evaluation now assessing • Low capita
Slide 9: REE Value Chain and Demand to 2030
REE Value Chain and Demand to 2030 For personal use only DEMAND FOR NEW SUPPLY OF Nd-Fe-B PERMANENT MAGNETS CREATES GROWING IMPORTANCE FOR MAGNET RECYCLING • Rare earths are amongst the most resource-critical raw materials: they are of highest economic importance and at the same time feature a high
Slide 10: REE Demand – Magnet Recycling to help fill the void
REE Demand – Magnet Recycling to help fill the void For personal use only LAG IN INVESTMENT OF PRIMARY RARE EARTH EXTRACTION & POTENTIAL FOR NEAR TERM MAGNET RECYCLING • Lack of historical investment will result in near term demand far exceeding supply • Installation of primary extraction (i.e. mini
Slide 11: NdFeB Magnet Recycling – low cost, modular to separated REOs
NdFeB Magnet Recycling – low cost, modular to separated REOs For personal use only FIRST MOVER CAPABILITY FOR DOWNSTREAM MAGNET RECYCLING TO SEPARATED 99.99%+ MAGNET RARE EARTH OXIDES • Seren Technologies patented process uses chemical extraction to extract the magnet REE from the spent magnets to e
Slide 12: Magnet Recycling – a lower risk, responsive REO supply source
Magnet Recycling – a lower risk, responsive REO supply source For personal use only MAGNET RECYCLING CAN ACHIEVE REO PRODUCTION WITH SIGNIFICANTLY REDUCED ENVIRONMENTAL BURDEN • A secondary economy for magnets significantly reduces the environmental burden compared to the primary sources • Secondary
Slide 13: Makuutu Basket is Balanced, CREO+HREO Dominant and High Value
Makuutu Basket is Balanced, CREO+HREO Dominant and High Value For personal use only DOWNSTREAM PROCESSING TO REO AND VALUE ADDED PRODUCTS UNLOCKS SIGNIFICANT UPSIDE Makuutu REO Pricing (China) Argus Metals MAKUUTU BASKET CONTENT IonicRE progressing evaluating Rare Earth Oxide Basket Composition 10-D
Slide 14: IonicRE REE Separation & Refining Capacity Evaluation
IonicRE REE Separation & Refining Capacity Evaluation For personal use only INVESTIGATING KEY WESTERN MARKETS WITH GROWING DEMAND FOR BOTH CRITICAL & HEAVY REO OVER NEXT DECADE Global HREO separation and NPM Silmet refining capacity operated Estonia and controlled by China1 Light Rare Earth Separati
Slide 15: Progressing Makuutu Towards Production: Lookahead for 2022
For personal use only PROGRESSING MAKUUTU TOWARDS PRODUCTION LOOKAHEAD FOR 2022 IONIC RARE EARTHS PAGE 15
Slide 16: Phase Drill Program and Mineral Resource Estimate Update
Phase 4 Drill Program and Mineral Resource Estimate Update For personal use only DRILL ASSAYS EXPECTED OVER NEXT 3 MONTHS TO CULMINATE IN MATERIAL UPGRADE OF MAKUUTU MRE 279 drill holes (4,754 metres) completed between October 2019 and October 2020 defining JORC MRE1 of 315 Mt @ 650 ppm Total Rare E
Slide 17: Looking Forward to 2022
Looking Forward to 2022 For personal use only KEY ACTIVITIES OVER NEXT 6 TO 12 MONTHS THAT UNLOCK SUBSTANTIAL VALUE AT IONIC RARE EARTHS • Drill assays from remaining Phase 4 infill program – 4 tranches to be reported (next 2-3 months) • Environmental & Social Impact Assessment submitted Q4 2021 (pr
Slide 18: 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) Completed Assays Metallurgy Testwork MRE Update ESIA Submitted Feasibility Study Landowner Agreements Demonst
Slide 19: IonicRE Value Proposition
IonicRE Value Proposition For personal use only MAKUUTU’S STRATEGIC IMPORTANCE WILL INCREASE LONG TERM • Long-life, low-CAPEX, high-value basket asset “When peering into the outlook for the next decade • Planned operations in 2024 to come, it becomes quickly apparent that the • Exposure to 43% magne
Slide 20: 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 20
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