Northern Minerals Limited · ASX:NTU
Northern Minerals — Shareholder Meeting (June 2024)
26 slides from Northern Minerals's shareholder meeting presentation, Jun 6, 2024
Slide 1: Chairmans address and AGM presentation
ASX ANNOUNCEMENT 6 June 2024 Chairmans address and AGM presentation Attached are the following which will be delivered at the Company’s Annual General Meeting being held today at 10:00 am (Perth time). • Chairman’s address • Managing Director Presentation. For personal use only Authorised by The Boa
Slide 2: Chairman's Address to the 2023 Annual General Meeting
Mr Adam Handley - Executive Chairman Chairman’s Address to the Northern Minerals 2023 Annual General Meeting Today’s deferred 2023 Annual General Meeting is an important event for Northern Minerals. Determination of the resolutions that will be put to shareholders today will allow the Company to mov
Slide 3: Chairman's Address (continued)
And as I told Shareholders last month when I was appointed as your Chairman, I am committed to leading a united Board that is aligned with our Shareholders and unwavering in our commitment to focus on Browns Range. One of my priorities following today’s meeting is to meet with as many Shareholders a
Slide 4: Chairman's Address (closing)
Lastly, but of course not least, I wish to thank our Shareholders for your continued support and engagement. We look forward to being able to provide you with regular updates on the Company’s progress over the coming year. We believe Northern Minerals is uniquely placed to become a significant suppl
Slide 5: 2023 Annual General Meeting Managing Director Presentation
For personal use only 2023 Annual General Meeting Managing Director Presentation 06 JUNE 2024 ASX:NTU
Slide 6: Important Information
Important Information This Managing Director presentation (“Presentation”) is dated 06 June 2024 and has been prepared by Northern Effect of rounding Minerals Limited (ACN 119 966 353) (“NTU”, “Northern Minerals” or the “Company”). By attending a presentation or briefing, or accepting, accessing or
Slide 7: Project Highlights
Project Highlights UNIQUELY PLACED TO BECOME A SIGNIFICANT SUPPLIER OF ETHICAL HEAVY RARE EARTHS ALONGSIDE AN EXTENSIVE EXPLORATION PORTFOLIO For personal use only Globally Dy and Tb are Strategic Key approvals in Accelerated Significant significant essential to partnership with place with strong pa
Slide 8: Corporate Snapshot
For personal use only Snapshot Corporate 4
Slide 9: Company Overview
Company Overview A HIGH-GRADE DEPOSIT, EXPANSIVE EXPLORATION POTENTIAL AND EXPERIENCED TEAM ADVANCING BROWNS RANGE TO OPERATIONS 1 For personal use only 1. 2. $0.035 Share price3 BROWNS RANGE EXPANSIVE EXPLORATION HEAVY RARE EARTHS PROJECT POTENTIAL 5,915 million $15.7 million The most advanced heav
Slide 10: Supplying a Sustainable Future
Supplying a Sustainable Future Dy AND Tb ARE KEY INPUTS TO HIGH PERFORMANCE MAGNETS USED IN ELECTRIC VEHICLES, WIND TURBINES, DEFENCE APPLICATIONS AND BROADER CLEAN For personal use only ENERGY TECHNOLOGIES Company Presentation | June 2024 6
Slide 11: Strong Government Backing
Strong Government Backing NORTHERN MINERALS IS WELL POSITIONED TO ACCESS GOVERNMENT FUNDING For personal use only The critical minerals and rare earth industries are perfect examples of sectors that will be crucial to our future…The Government has backed the Browns Range Heavy Rare Earths Project… -
Slide 12: Rare Earths Market Opportunity
Rare Earths Market Opportunity COMPELLING MARKET OPPORTUNITY DRIVEN BY PUSH FOR GLOBAL DECARBONISATION AND ELECTRIFICATION For personal use only Dy and Tb oxide historical and forecast demand2 kt 10 • Dy and Tb enable Neodymium-Iron-Boron (NdFeB) magnet 9 Others performance at high temperature 8 7 W
Slide 13: Browns Range Heavy Rare Earths Project
Browns Range Heavy Rare For personal use only Earths Project NEAR-TERM DEVELOPMENT WITH A CLEAR PATHWAY TO PRODUCTION 9
Slide 14: Project Overview
Project Overview UNDERPINNED BY THE WOLVERINE DEPOSIT, THE HIGHEST KNOWN GRADE Dy AND Tb DEPOSIT GLOBALLY 1 For personal use only Mining and processing at site to produce c. 25% concentrate rich in heavy rare earths Recent drilling results confirm deposit is open at depth2 3-year pilot plant (in ope
Slide 15: Rare Earth Elements at Wolverine
Rare Earth Elements at Wolverine Dy/Tb ACCOUNTS FOR >70% OF THE RARE EARTH BASKET VALUE AT WOLVERINE MAKING NORTHERN MINERALS HIGHLY LEVERAGED TO Dy/Tb PRICE INCREASES For personal use only Product REO distribution1 REO contribution to basket value2 1) Based on October 2022 Wolverine JORC compliant
Slide 16: Rare Earth Basket
Rare Earth Basket BROWNS RANGE HAS THE POTENTIAL TO BE THE LARGEST SOURCE OF Dy AND Tb OUTSIDE OF CHINA For personal use only Rare earth assemblage by volume2 100% • High Dy/Tb Concentration: Browns Range has a rare earths 80% assemblage of 10%1 Dy and Tb, among the highest of advanced Other LREO 60
Slide 17: Iluka Resources Partnership
Iluka Resources Partnership BROWNS RANGE FURTHER DE-RISKED WITH LONG-TERM SUPPLY AND FUNDING ARRANGEMENTS WITH DOMESTIC PARTNER ILUKA RESOURCES For personal use only • Long-term supply partnership: Proposed annual production initially not Indicative illustration of price received by Northern greater
Slide 18: Environment and Community
Environment and Community NORTHERN MINERALS MAINTAINS A HIGH STANDARD OF ENVIRONMENTAL MANAGEMENT AND COMMUNITY ENGAGEMENT For personal use only Committed to deliver Ongoing Extensive All site activities a rare earth environmental Pursuing a hybrid environmental undertaken with zero concentrate that
Slide 19: DFS Highlights
DFS Highlights 1 PRODUCTION OF Dy/Tb-RICH CONCENTRATE VIA CONVENTIONAL MINING OPERATIONS AND TESTED For personal use only PROCESS FLOWSHEET Conventional open pit mining followed by underground mining using sublevel caving Established flowsheet informed by comprehensive metallurgical testwork and thr
Slide 20: Resource Definition Drilling
Resource Definition Drilling EXCEPTIONALLY HIGH-GRADE ASSAYS RETURNED OVER WIDE MINERALISED INTERVALS 1 For personal use only • Drill program at Wolverine completed in May 2024 comprised: • 16,586 m of drilling • 42 drill intersections at a nominal 25 m grid spacing • average depth of 486 m • Progra
Slide 21: Pathway to Production
Pathway to Production ACHIEVING KEY MILESTONES AND MAINTAINING MOMENTUM TOWARDS FID 1 For personal use only Iluka Resources Mineral Resource Exceptional assay DFS updates incl. strategic Definition Drilling results from Drilling Ore Reserve Targeted Targeted Mining partnership Program commenced Prog
Slide 22: Work Programs Underway
Work Programs Underway KEY DELIVERABLES TO DE-RISK BROWNS RANGE OVER THE NEXT 12 MONTHS TO FID For personal use only Technical Funding Social & Environmental Update Wolverine Mineral Resource Progress financing discussions with NAIF Maintain and progress regulatory estimate and EFA compliance and pe
Slide 23: Our Office / Contact Us
OUR OFFICE For personal use only Northern Minerals Limited Ground Floor, 40 Kings Park Road West Perth, Western Australia, 6005 Australia VISIT US ONLINE www.northernminerals.com.au LinkedIn: Northern-Minerals X: NorthernMins CONTACT US Phone: + 61 8 9481 2344 invest@northernminerals.com.au info@nor
Slide 24: Appendix
For personal use only Appendix 20
Slide 25: Appendix A: Mineral Resource
Appendix A: Mineral Resource GLOBAL MINERAL RESOURCE BROWNS RANGE HEAVY RARE EARTHS ESTIMATE (OCTOBER 2022) 1,2 PROJECT OVERVIEW For personal use only TREO Dy2O3 Y2O3 Tb4O7 HREO TREO Deposit Classification Mt % kg/t kg/t kg/t % kg • The Project is located in the East Kimberley region of Western Aust
Slide 26: Appendix B: Source Documents
Appendix B: Source Documents PEER COMPARISON REFERENCE DETAILS For personal use only Development TREO Dy/Tb:TREO Project Company Category Source Stage Grade ratio Measured and 10 October 2022: ASX Announcement – “Updated Wolverine Browns Range Northern Minerals Ltd (ASX:NTU) Feasibility Study 0.76%