Heavy Rare Earths Limited · ASX:HRE
Heavy Rare Earths — AIG Rare Earths Discussion Forum (September 2023)
14 slides from Heavy Rare Earths's conference presentation, Sep 15, 2023
Slide 1: Supporting a cleaner and sustainable future through critical minerals
Heavy Rare Earths Limited ACN 648 991 039 For personal use only Supporting a cleaner and sustainable future through critical minerals ASX: HRE September 2023
Slide 2: Important Notice and Disclaimer
HRE IMPORTANT NOTICE AND DISCLAIMER The information contained in this document (“Document”) has been prepared by Heavy Rare Earths Limited (referred to as “HRE Limited” or “the Company”). The purpose of this Document is to provide background information to assist readers in obtaining a general under
Slide 3: Value Proposition
HRE Value Proposition Rare Earths: Ongoing supply side issues and forecast demand side strength in e-mobility and wind power supports a high rare earth price environment Key Project: Cowalinya clay-hosted rare earth project in Western Australia, one of For personal use only the world’s premier minin
Slide 4: Corporate Snapshot
HRE Corporate Snapshot Non-Executive Chairman – John Byrne Capital Structure ASX: HRE Mr Byrne has 40 years’ experience in the natural resource industry as a financial analyst, investor and mine developer. John has been Chairman and CEO of numerous successful Shares on Issue 68.3 million resource co
Slide 5: Clay-Hosted Project – Cowalinya WA
HRE Clay-Hosted Project – Cowalinya WA • The Cowalinya clay-hosted rare earth project is 100 per cent owned by HRE and comprises three granted exploration licenses covering 250 km2 • Cowalinya is on unallocated crown land 70 kilometres south-east of For personal use only Norseman, 45 kilometres east
Slide 6: Resources – establishing project capacity and longevity
HRE Cowalinya Resources – establishing project capacity and longevity • HRE completed a 441-hole, 12,569-metre exploration and resource expansion drilling program on E63/1972 in Q3-Q4 2022 • Drilling discovered a substantial new Western Zone of rare earth For personal use only mineralisation adjacen
Slide 7: Resources – cross sections showing block grades
HRE Cowalinya Resources – cross sections showing block grades N ppm TREO S N 0 2 km For personal use only 260RL W E 240RL 220RL 200RL S 1 km W E 260RL 240RL 220RL 200RL 22 Mt INFERRED RESOURCE COWALINYA NORTH 7 Heavy Rare Earths Limited
Slide 8: Mineralogy – an important part of the puzzle
HRE Cowalinya Mineralogy – an important part of the puzzle • Mineral characterisation on saprolite using optical, SEM, XRD • Mineralogy dominated by quartz and kaolinite For personal use only • Accessory minerals mica, jarosite, illite, halloysite, K-feldspar, albite • Fine-grained (<10-20µm) rare e
Slide 9: Metallurgy – the key to technical and commercial viability
HRE Cowalinya Metallurgy – the key to technical and commercial viability FINES (-25µm) MAGNET RARE MAGNET RARE HYDROCHLORIC ACID HEAD ASSAY FINES MASS1 COMPOSITE ASSAY 1 UPGRADE1 EARTHS RECOVERY EARTHS EXTRACTION CONSUMPTION2 (ppm TREO) (% of total mass) (ppm TREO) TO FINES1 TO LEACH2 (kg/t) SM01 10
Slide 10: Metallurgy – current phases
HRE Cowalinya Metallurgy – current phases General flowsheet to treat clay-hosted rare earth mineralisation producing an MREC product 2023 samples (55) For personal use only 2022 samples (13) 0 2 km • Sizing and diagnostic leaching results justify accelerating metallurgical program to extend variabil
Slide 11: Hard Rock Project – Duke NT
HRE Hard Rock Project – Duke NT • Duke is on a pastoral lease and located 50 kilometres north-west of Tennant Creek, 25 kilometres west of the Stuart Highway, and on the Darwin-Adelaide rail line and Amadeus Gas Pipeline For personal use only • It comprises two granted exploration licences covering
Slide 12: Clay-Hosted Projects – Merino & Perenjori WA
HRE Clay-Hosted Projects – Merino & Perenjori WA • Two new projects in the Mid West within 250 kilometres of Geraldton • Merino (429 km2) comprises two granted exploration licences and one application. Underlying tenure: pastoral lease For personal use only • Perenjori (327 km2) comprises one grante
Slide 13: Rare Earth Market Overview
HRE Rare Earth Market Overview • Rare earths are featured in the official Australian, U.S., European Union and Canadian critical minerals lists • According to Roskill and the Department of Industry, Science, Energy and Resources in 2021: For personal use only • The global rare earths market was valu
Slide 14: For personal use only
For personal use only info@hreltd.com.au +61 3 8630 3321
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