Goldarc Resources Limited · ASX:GA8
Goldarc Resources — Investor Presentation (September 2022)
35 slides from Goldarc Resources's investor presentation, Sep 8, 2022
Slide 1: Asra's Mt Stirling REEs Project
INTRODUCING ASRA’S MT STIRLING REES PROJECT RAREST OF the RARE
Slide 2: 10 Fast Facts
10 FAST FACTS
Slide 3: There Are 17 Rare Earth Elements
01 THERE ARE 17 asraminerals.com.au RARE EARTH ELEMENTS COMMONLY CALLED REES | ASX:ASR 3
Slide 4: Two Types of REEs
02 heavies THERE ARE asraminerals.com.au TWO TYPES OF REES: Lights | ASX:ASR 4
Slide 5: Heavies Are More Rare and More Valuable
03 US$/kg AUG 2022 4000 $3,946 HEAVY REES 3000 asraminerals.com.au ARE MORE RARE, AND 2000 MORE $590 VALUABLE. | ASX:ASR 1000 $201 $198 $1 https://www.argusmedia.com/metals-platform/metal/rare-earth-metals- 0 $1 CE LA ND PR DY Tb lanthanum https://strategicmetalsinvest.com/current-strategic-metals-p
Slide 6: REEs Are in Demand for a Variety of Uses
Magnets found in Evs, wind 04 turbines, and phones represent the greatest demand for REES REES ARE IN Tb DEMAND FOR asraminerals.com.au A VARIETY OF Advanced communications, USES consumer electronics, defence applications (Nd, Pr, La, Ce, Tb) MAGNETS ACCOUNTED FOR | ASX:ASR 29% OF THE DEMAND FOR REE
Slide 7: REEs Also in Demand for High-End Military Defence
05 REES ARE ALSO IN asraminerals.com.au DEMAND FOR Visors & Anti-Missile Aircraft parts HIGH-END Protection Defence and jet engines MILITARY DEFENCE | ASX:ASR APPLICATIONS GPS Missile guidance systems Communications 7
Slide 8: Production 2020
06 Production 2020 243.3 thousand tonnes Rare Earth Oxides Equivalent CHINA Others Madagascar 4.2% Accounts 3.3% asraminerals.com.au for CLOSE TO Australia 7.0% 60% OF THE Myanmar WORLD’S REEs 12.3% PRODUCTION | ASX:ASR China 57.5% US 15.6% https://www.nrcan.gc.ca/our-natural-resources/minerals- min
Slide 9: Western Powers Now Want Non-Chinese Supply
07 WESTERN US Government has included REEs in their asraminerals.com.au list of 35 critical minerals. This is to ensure POWERS NOW reliable and secure supplies of minerals critical to the US economy and military. WANT Australian Government has created a $2 NON-CHINESE billion loan facility help deve
Slide 10: REEs Production
08 Mine production of rare earth oxides REES The supply of permanent magnet materials will need to increase substantially to meet the demand of a growing EV industry. PRODUCTION 400K Demand for permanent magnets and the REEs they contain may nearly double between now and 2030. asraminerals.com.au WA
Slide 11: REEs Are Typically Quite Complex to Separate and Process
09 REE are difficult to separate from one another as REES ARE they have very similar chemical natures. TYPICALLY To extract the REEs present in mineral concentrates, the REE‐bearing mineral must be asraminerals.com.au QUITE decomposed using hydrometallurgical and pyrometallurgical techniques that us
Slide 12: Most REEs Are Associated with Radioactive Uranium & Thorium
10 MOST REES ARE ASSOCIATED WITH asraminerals.com.au RADIOACTIVE URANIUM & THORIUM | ASX:ASR Which makes processing and waste disposal tricky. 12
Slide 13: Asra's Mt Stirling REEs Project
ASRA’S MT STIRLING REES PROJECT RAREST OF the RARE
Slide 14: 100% Owned REEs Project in Western Australia's Eastern Goldfields
100% OWNED REEs PROJECT IN WESTERN asraminerals.com.au AUSTRALIA’S EASTERN GOLDFIELDS | ASX:ASR ONE OF THE WORLD’S MOST PROLIFIC & SAFEST MINING JURISDICTIONS. 14
Slide 15: Close to Existing Mining Infrastructure
CLOSE TO EXISTING MINING infrastructure asraminerals.com.au WE’RE TALKING WATER, MAIN ROADS, AND RAIL WITH ACCESS TO AN EXPERIENCED MINING WORKFORCE | ASX:ASR PLUS WE OWN THE PASTORAL LEASE COVERING THE PROJECT! 15
Slide 16: High Ratio of Heavy REEs to Light REEs
Distribution of rare earths at Yttria* MT STIRLING’s REEs DEPOSITS CONTAIN AN asraminerals.com.au extraordinarily HIGH RATIO OF HEAVY REES TO | ASX:ASR LIGHT REES OF The five most critical REEs are Dysprosium (Dy), ABOUT 65% Terbium (Tb), Europium (Eu), Neodymium (Nd) and Yttrium (Y). These are all
Slide 17: Virtually No Traces of Uranium or Thorium
MT STIRLING’s REEs DEPOSITS HAVE VIRTUALLY asraminerals.com.au NO TRACES OF URANIUM OR THORIUM* (Less than 1ppm) | ASX:ASR LITTLE RADIOACTIVITY MAKES PROCESSING SO MUCH EASIER AND COST EFFECTIVE *See ASX Announcement dated 3 May 2022 New Wishbone Yttrium discovery at Mt Stirling Project expands Tori
Slide 18: Mineralised Corridor Is 5.4km x 1.3km
THE CURRENT STRIKE OF OUR REEs asraminerals.com.au MINERALISED CORRIDOR IS 5.4KM X 1.3KM* | ASX:ASR SIZE IS only LIMITED BY DRILLING SO IT COULD ACTUALLY BE MUCH LARGER! *See ASX Announcement dated 11 July 2022 New 50,000m drill program to target rare earth elements (REE) and critical minerals at Mt
Slide 19: Significant Levels of Highly Valuable Scandium
THE PROJECT ALSO CONTAINS SIGNIFICANT asraminerals.com.au LEVELS OF HIGHLY VALUABLE SCANDIUM | ASX:ASR AS WELL AS substantial COBALT, GOLD AND NICKEL 19
Slide 20: Scandium Called the Super Alloy of the Future
SCANDIUM HAS BEEN CALLED THE SUPER ALLOY OF asraminerals.com.au THE FUTURE PRIMARY USE IS AS AN ALUMINIUM ALLOY BUT SOLID OXIDE FUEL CELLS | ASX:ASR ARE A KEY GROWTH AREA 20
Slide 21: REEs Grades Intercepted to Date
• 10m @ 743ppm TREYO + 70ppm Sc2O3 from 7m; THE FOLLOWING inc 2m @ 1351ppm TREYO + 68ppm Sc2O3 from 9m; and 1m @ 1529ppm TREYO + 67ppm Sc2O3 ARE SOME OF from 10m (MSAVC0044) • 12m @ 557ppm TREYO + 82ppm Sc2O3 from 8m; asraminerals.com.au THE Rees inc 1m @ 1335ppm TREYO + 66ppm Sc2O3 from 19m (MSAVC0
Slide 22: REEs Are Close to Surface in Soft Soils
regolith ASRA'S REES 10m Co-Sc ARE CLOSE TO asraminerals.com.au saprolite SURFACE IN 20m REEs + Co-Sc SOFT SOILS Co-Sc 30m source? SHALLOW SOFT | ASX:ASR HOST LITHOLOGIES 40m SUGGEST EASY I I I I I basement I I I I I I MINING 0m 200m 400m 600m 800m 1km Transported Basement cover rocks 22
Slide 23: Processing Our REEs May Be Done Relatively Cheaply
PROCESSING OUR REES MAY BE DONE RELATIVELY CHEAPLY WITH A LOW LEVEL OF ACID asraminerals.com.au Rare Earths Extraction Process Upstream - Asra Minerals Downstream – Asra Minerals / third party 1 2 3 4 5 | ASX:ASR Rare earths Rare earths further Oxides are turned Raw Ore Ore is crushed are separated
Slide 24: A Lot of the Processing Has Already Occurred Through Weathering
asraminerals.com.au A LOT OF THE PROCESSING HAS ALREADY OCCURRED THROUGH WEATHERING | ASX:ASR OUR Rees HAVE BEEN broken down from a hard rock source AND ARE NOW SUPERGENE ENRICHED FROM SURFACE 24
Slide 25: REEs Also Associated with Manganese Oxides
OUR REE’s ALSO appear to be asraminerals.com.au associated with manganese oxides POTENTIALLY MAKING extraction MUCH | ASX:ASR EASIER AND CHEAPER! 25
Slide 26: Our Crack REEs Team
OUR CRACK REES TEAM asraminerals.com.au Ken Collerson Gavin Beer Mathew Longworth Claudio Sheriff-Zegers Professor Emeritus Metallurgical Consultant Non-Executive Director Exploration Manager University of Queensland Technical Director Mr Beer has more than 30 years’ Claudio discovered the Yttria RE
Slide 27: There's Lots of REEs News Flow Ahead
• We are still receiving results from over 10,000m of THERE’S LOTS drilling on the project OF REES NEWS • Metallurgical test work (if and how the rare earths can be processed) is being undertaken with initial asraminerals.com.au FLOW AHEAD results due in September / October of this year • An interim
Slide 28: Asra's Mt Stirling REEs Project Is Very Rare
High ratio of Heavy REEs to total REEs ASRA’S MT (APPX 65%) STIRLING REES asraminerals.com.au CLOSE TO SURFACE PROJECT IS in soft regolith VERY RARE VIRTUALLY NO THERE SIMPLY AREN’T URANIUM OR THORIUM | ASX:ASR MANY COMPARABLE PROJECTS ON THE PLANET Tier one LOCATION existing infrastructure ON ASRA’
Slide 29: Mt Stirling Is Also Highly Prospective for Gold
Vivien 40 Koz produced Thunderbox 1.3 Moz produced MT STIRLING Agnew-Lawers 1.3 Moz produced IS ALSO HIGHLY 49 PROSPECTIVE Great Western 70 Koz produced asraminerals.com.au FOR GOLD Mt Stirling Project 49 JORC Resource* King of the Hills 2.0 Moz produced 152,000oz Au | ASX:ASR Kailis Harbour Lights
Slide 30: New Gold Resource Estimate Has Favourable Metallurgy
Significant intercepts include^: NEW GOLD 2040N 4m @ 7.09g/t Au from 72m, inc 1m @ 21.14g/t Au from 73m RESOURCE 1960N 5m @ 7.79g/t Au from 194m, inc 2m @ 15.21g/t Au from 195m, and 1m @ 16.37g/t Au from 196m ESTIMATE HAS 1920N 10m @ 9.64g/t Au from 105m, inc asraminerals.com.au 6m @ 15.14g/t Au fro
Slide 31: Follow Up Gold Targets
Numerous FOLLOW UP GOLD targets asraminerals.com.au Including the highly prospective Diorite King MINE 73 g/t for 2,800 oz* and Little Wonder mine | ASX:ASR 28 kg/t* !! *www.mindat.otg 31
Slide 32: Enthusiastic Leadership
Enthusiastic leadership Committed to aggressive exploration asraminerals.com.au Paul Summers Peretz Schapiro Mathew Longworth Executive Chairman Executive Director Non-Executive Director Paul has been the company’s counsel for more Peretz holds a Masters degree in Applied Finance A geologist with ov
Slide 33: Corporate Snapshot
Corporate snapshot Top 20 shareholders September 2022 Holder Name Holding % IC 1 NOVA MINERALS LIMITED 117,351,660 8.01% Share price Market capitalisation 2 CITICORP NOMINEES PTY LIMITED STEELE INVESTMENTS SUPERANNUATION FUND PTY LTD 54,381,964 3.71% 3 47,000,000 3.21% $0.017c $24.9m <STEELE SUPER F
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by and issued by Asra Minerals Limited ABN 72 002 261 565 services to the Company. This presentation contains information, ideas and analysis which are proprietary to ( Asra or Company ) to assist in informing interested parties about the Company and sh
Slide 35: Get in Touch
Get in touch ASRA Minerals Limited T: +61 8 9420 8208 104 Colin Street E: info@asraminerals.com.au West Perth, Western Australia 6005 asraminerals.com.au 35
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