Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Shareholder Meeting (October 2024)
13 slides from Arafura Rare Earths's shareholder meeting presentation, Oct 21, 2024
Slide 1: Revised AGM Presentation ASX Announcement
ASX ANNOUNCEMENT REVISED AGM PRESENTATION 21/10/2024 Arafura Rare Earths Limited (ASX: ARU) (“Arafura” or the “Company”) refers to slides 8 and 12 of the presentation released on 17 October 2024 titled “AGM Presentation” which contained peer comparisons. Following release of the AGM Presentation, AS
Slide 2: Arafura Rare Earths Annual General Meeting
ASX: ARU 17 October 2024 For personal use only Arafura Rare Earths Annual General Meeting
Slide 3: Disclaimer
Disclaimer This presentation is dated 17 October 2024 and has presentation and, subject only to any legal Mineral Resources is extracted from the Company’s based on 12% Proved Reserves, 62% Probable been prepared by Arafura Rare Earths Limited obligation to do so, Arafura Rare Earths accepts no ASX
Slide 4: Arafura Rare Earths: corporate summary
Arafura Rare Earths: corporate summary Developer For personal use only Why the Nolans Project? ✓ Fully-permitted1 ✓ Construction-ready3 Supply security threat with NdPr is essential for ~90% of NdPr supplied by ✓ Single-site ore-to-oxide the energy transition China4 ✓ Tier 1 location ✓ Potential for
Slide 5: 2024: progress towards FID – a year in review
2024: progress towards FID – a year in review For personal use only Government Experienced Board and Engineering well Early works approvals1 Management team advanced3 completed3 + KBR and Hatch2 Offtakes binding or in US$1billion debt Final step: advanced negotiations4 conditionally secured4 secure
Slide 6: Market: short-term challenges locking in long-term upside
Market: short-term challenges locking in long-term upside Short-term has been challenging1 For personal use only • China ~ 90% of market ARU share price vs NdPr price • NdPr pricing recovering from multi-year lows • Headwinds when raising funding Medium- and long-term remains strong • NdPr demand ex
Slide 7: Debt financing: success despite headwinds
Debt financing: success despite headwinds Australian and international lenders1 What we have achieved: Successful due diligence: For personal use only • Nine lenders across five countries • Independent Technical Expert (ITE) • Offtake aligned to export credit • Independent environmental and agency f
Slide 8: Equity Funding strategy: prioritising certainty over speed
Equity Funding strategy: prioritising certainty over speed Focused on execution certainty over speed For personal use only Cornerstone Group Public Market Customer cornerstone & other strategic investors • Substantial holders Industry cornerstone • Other customer cornerstones • Government seeded fun
Slide 9: Creating value: leveraging off a world class orebody
Creating value: leveraging off a world class orebody Nolans: a differentiated Lynas and MP Materials3 For personal use only proposition at the right time for the energy transition 7,000 Bubble size = Grade 6,000 (% NdPr) 2 Producer Large, scalable High grade 5,000 Enterprise value1 (A$m) resource 4,
Slide 10: ESG – focused on what matters most
ESG – focused on what matters most Contribution to a lower carbon future and global energy transition For personal use only 01 02 03 04 05 06 Nolans Phase 1 Aiming to be Australia’s Expected to be largest Published net zero Aligned to international Potential Phase 2 supports the equivalent first NdP
Slide 11: The Nolans Project is ready to go
The Nolans Project is ready to go For personal use only • Long life and large scale, Nolans has a 38-year mine life underpinned by Mineral Resource of 56Mt at a grade of 2.6% TREO (26.4% Large, high grade, 01 scalable resource1 • NdPr enrichment) Life of mine average production of 4,440 tpa NdPr oxi
Slide 12: Contact
Contact Level 6, 432 Murray St Perth WA 6000 For personal use only PO Box 5773 St Georges Terrace Perth WA 6831 T: +61 8 6370 2800 E: arafura@arultd.com arafura@arultd.com (All corporate and general enquiries) E: nolansproject@arultd.com nolansproject@arultd.com (Nolans Project enquiries only)
Slide 13: Appendix 1: pure-play rare earth peer benchmarking
Appendix 1: pure-play rare earth peer benchmarking NdPr For personal use only Mineral Contained NdPr Production Company Project Location Stage Product EV (A$m)1 TREO grade (%) NdPr enrichment (%) NdPr grade(%)2 Source(s) Resources (Mt) (Mt) capacity (ktpa) ASX announcement: “Annual Report FY2023” on
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