American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (February 2024)
23 slides from American Rare Earths's investor presentation, Feb 26, 2024
Slide 1: American Rare Earths Investor Presentation February 2024
American Rare Earths For personal use only “Pioneering the future of clean energy” Investor Presentation February 2024 (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF)
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve subjective The information in this report that relates to Exploration Results or Resource Estimates is based on information compiled by Mr. judgement a
Slide 3: About American Rare Earths
About American Rare Earths We are committed to developing our projects featuring sustainable practices, inclusive principles and leading technologies to support the United States' national security and economic transformation goals. For personal use only • Largest ASX-listed portfolio of strategic r
Slide 4: Snapshot
Snapshot Share Price (market close $0.13 07/02/2024) For personal use only Shares Outstanding 446.4 million Market Cap (07/02/2024) $58 million Cash Position (31/12/23) $6.3 million Invested Financial Assets 1 $5.2 million (31/12/2023) (in AUD, except shares) Table 1: Estimated Rare Earth Resources
Slide 5: Geologic Characteristics Offer Best of Both Worlds
Geologic Characteristics Offer Best of Both Worlds Conventional Hard Deposit Comparison Halleck Creek Ionic Clay For personal use only Rock Location Tier 1 Tier 1 Sovereign Risk Grade 4-5 % TREO1 ~6% TREO 0.07 % Low Penalty Elements (U / Th)2 ü û ü Processing Tank Leaching Acid Bake / Cracking In-Si
Slide 6: Halleck Creek – Progress to date
Halleck Creek – Progress to date Mar - Apr May-Aug Oct - Dec May-Sept Sept - Nov For personal use only 2022 2022 2022 2023 Oct 2023 2023 Mapping and Mapping and Infill RC and Red Mountain Maiden Drilling Infill RC Drilling Sampling Sampling Diamond Core Sampling and Program Program Mapping Program P
Slide 7: Halleck Creek Project Overview (100% owned)
Halleck Creek Project Overview (100% owned) Potential to be the largest rare earth Deposit in the U.S. • February 2024 JORC Resource is 2.34 billion tonnes* For personal use only • 1.42 billion tonnes of measured and indicated resources were estimated at a grade of 3,296 ppm TREO using a 1,000ppm TR
Slide 8: 2023 vs 2024 Tonnages and Grades
2023 vs 2024 Tonnages and Grades* 3.00 4428 4500 For personal use only 4330 2.50 4150 2.50 2.34 3957 4000 2.09 4047 2.00 3780 Average grade (TREO ppm) 1.85 3857 1.74 3653 1.67 1.69 Tonnes (Bt) 3693 1.50 1.43 3425 1.44 3500 3534 1.25 1.11 1.13 3196 3309 1.00 0.95 3047 0.72 0.65 3000 3015 0.50 2928 0.
Slide 9: Rare Earth Distribution
Rare Earth Distribution For personal use only Based on all drilling data to date 9 AMERICAN RARE EARTHS | February 2024
Slide 10: Breakthrough Metallurgical Results
Breakthrough Metallurgical Results* • Halleck Creek ore has been successfully The proposed flowsheet modifications emphasising DMS work for preconcentrated to 3.5% TREO at a 12:1 upgrade concentrating REE’s at Halleck Creek is shown below: For personal use only ratio, representing a ~200% increase f
Slide 11: 1000 ppm Cutoff
1000 ppm Cutoff* Net-smelter return (NSR) shows an economic cut-off grade of 1000 ppm TREO For personal use only • Cut-off grade = expectation of economic extraction at that grade • Based on recovery of five primary expected products: Dy, Tb, Nd, Pr, and La 1000 ppm TREO cut- 3195 ppm TREO off grade
Slide 12: Halleck Creek Potential Resource Extent
Halleck Creek Potential Resource Extent HC23-OM028 HC23-OM034 Deepest hole, HC23-OM028 • 302 m For personal use only • Average 5088 ppm TREO 12 AMERICAN RARE EARTHS | February 2024
Slide 13: Cross Sections
Cross Sections For personal use only 13 AMERICAN RARE EARTHS | February 2024
Slide 14: Halleck Creek drill holes and model extent
Halleck Creek drill holes and model extent • Only 25% claims have been drilled For personal use only • Open along strike and at depth 14 AMERICAN RARE EARTHS | February 2024
Slide 15: Infrastructure
Infrastructure • Close to infrastructure, a highly skilled workforce and the University of Wyoming. For personal use only • Located in the Central Laramie Mountains, between Laramie and Wheatland. • Interstate and railroad access via existing state roads. • Burlington Northern Sante Fe mainline rail
Slide 16: Halleck Creek Development Strategy
Halleck Creek Development Strategy Three-phased parallel path to permitting For personal use only Phase 1: • Finalise scoping study Q1 2024. • Pursuing test mine authorisation from the State of Wyoming (Timeframe less than 1 year). • Test mine and piloting. • Low-cost path to de-risking project. • F
Slide 17: Investment Overview
Investment Overview • Domestic sourcing of magnet metals have strategic importance for U.S. For personal use only • Forecasted deficit for magnet metals. • Flagship deposit test results indicate: • Low-cost, conventional processing • Scalable development within homogenous rare earth mineralisation •
Slide 18: Appendix
For personal use only Appendix
Slide 19: Strong Partners
Strong Partners For personal use only U.S. Department of Energy U.S. Department of Defense Advanced Research U.S. Department of Energy Critical Materials Institute Projects Agency’s EMBER program (CMI) 19 AMERICAN RARE EARTHS | February 2024
Slide 20: About Rare Earths
About Rare Earths Of the 17 rare earth elements, we are focused on primary magnet metals (neodymium (Nd) and praseodymium (Pr)), which are both present at our flagship project, Halleck Creek. For personal use only Nd Pr These elements are essential to: Advanced Wind Electric Electric Solar Weaponry/
Slide 21: Critical to Global Supply Chains
Critical to Global Supply Chains Short Term 2020-2025 Medium Term 2025-2035 For personal use only Critical Near Critical Not Critical Critical Near Critical Not Critical High High 4 Lithium Dysprosium 4 Lithium Nickel Uranium Uranium Importance to energy Importance to energy Cobalt Cobalt Electrical
Slide 22: Forecasted Deficit in Magnet Metals NdPr
Forecasted Deficit in Magnet Metals NdPr NdFeB demand by end-use application ROW* Nd-Pr oxide supply and demand (base case) For personal use only Power steering Auto electrics EV motor ROW mine supply* Nd-Pr oxide (kt) ROW refined supply* Nd-Pr oxide (kt) Other e-Motors Consumer electronics Robotics
Slide 23: Environmental, Social and Governance
Environmental, Social and Governance • Culture of safety driving strong safety record. For personal use only • Processing technology does not require Acid Bake/cracking. • Closed processing system, minimising environmental impact. • Dry tailings. • De minimis radioactivity (thorium and uranium). • S
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