Astron Limited · ASX:ATR
Astron — Informa Mineral Sands Conference (March 2024)
31 slides from Astron's conference presentation, Mar 19, 2024
Slide 1: Becoming a World-Scale Critical Minerals Producer
For personal use only Becoming a World-Scale Critical Minerals Producer Informa Mineral Sands Conference Astron Corporation Limited (ASX:ATR) 19 March 2024
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT COMPETENT PERSONS STATEMENT This presentation has been prepared by Astron Corporation Limited (Astron or the “Company”). The information The information in this report that relates to the MIN5532 Mineral Resource estimate is based on information and contained in this
Slide 3: Building a Global Strategic Minerals Value Chain
Building a Global Strategic Minerals Value Chain Partnership with US-based rare earth processor Energy Fuels aligns with Australian Government’s Critical Minerals Strategy For personal use only Titania (66% TiO2) Yingkou Mineral Separation Plant White Mesa Mill, UT (NYSE:UUUU) Zircon Heavy Mineral C
Slide 4: Donald Project – Highlights
Donald Project – Highlights A multi-generational (50 years+) supplier of critical minerals and downstream valuable materials for decarbonisation For personal use only Compelling financial metrics and Major approvals in hand, Tier 1 project of global significance multi-phased approach project technic
Slide 5: Experienced Team To Deliver
Experienced Team To Deliver Board & management with strong project delivery experience, project team established with strong technical expertise George Lloyd Tiger Brown Chairman Managing Director For personal use only George has 30 years resource industry and corporate business Tiger joined Astron
Slide 6: The Donald Project
For personal use only The Donald Project Donald WCP Pilot Plant, 2018 6
Slide 7: WIM-Styled Deposits - Significant Size and Scale
WIM-Styled Deposits - Significant Size and Scale WIM-style deposits are typically flat, shallow & extensive containing greater tonnages and more consistent VHM characteristics WIM-styled deposits are formed in historical land sea basins, as opposed to strand-styled deposits which are For personal us
Slide 8: Resource Delineation
Resource Delineation Multiple drilling programs over several decades provides confidence in Ore Reserve and Mineral Resource Mining Lease MIN5532 For personal use only Cross-section through 5,961,300mN (drillholes coloured by total HM) (x30 vertical exaggeration) showing geological and grade modelli
Slide 9: Significant Critical Mineral Resource by Size and Scale
Significant Critical Mineral Resource by Size and Scale The Donald Project is one of the most significant critical mineral resources globally Rare Earths - Relative In-situ Rare Earth Resource 3rd Largest rare earth resource ex-China by monazite alone 5.0 For personal use only Contained TREO Resourc
Slide 10: Phase 1 Definitive Feasibility Study
Phase 1 Definitive Feasibility Study AACE level 2 study demonstrating robust financial metrics, delivers long-life sustainable cash-flows to drive shareholder value Phase 1 - Process Flow Diagram Phase 1 is forecast to generate A$852m Post-Tax For personal use only NPV8 at an IRR of 25.8% Trommel Ov
Slide 11: Extensive Evaluation & De-risking
Extensive Evaluation & De-risking Project significantly de-risked through successful pilot plant test work exhibiting strong heavy mineral recovery For personal use only WCP Pilot Plant – MT, QLD, 2019 Rare Earth Flotation Pilot Plant – Nagrom, WA, 2021 11
Slide 12: The Donald Project - Phase 2
The Donald Project - Phase 2 Duplication of mining throughput and the production of final mineral sands products Phase 2b plans to produce final mineral sands Phase 2B - Process Flow Diagram products of premium zircon, chemical zircon, Capital Expenditure for Phase 2 to be funded For personal use on
Slide 13: Project Approvals
For personal use only Project Approvals 13
Slide 14: The Next Mineral Sands Development
The Next Mineral Sands Development Submission of the Work Plan positions Donald as the most advanced rare earths project in the eastern states of Australia Advanced Regulatory Approval Status Key Approval Requirement Completed Date Expiry For personal use only Environmental Effects Statement 2008
Slide 15: Off-Site Infrastructure: Road, Water, Power and Accommodation
Off-Site Infrastructure: Road, Water, Power and Accommodation The Project is located in close proximity to infrastructure of roading, water pipelines, and powerlines For personal use only 15
Slide 16: Rehabilitation
For personal use only Rehabilitation Site of Donald Project rehabilitated test-pit from 2022 16
Slide 17: Environmental Management, Rehabilitation and Sustainable Development
Environmental Management, Rehabilitation and Sustainable Development Minimise environmental impact through sustainable mining & rehabilitation, assisting Astron’s social license 1. Excavation 2. Tailings Return For personal use only Products are critical in assisting the energy transition Donald
Slide 18: Product Attributes
For personal use only Product Attributes Zircon Product 18
Slide 19: Quality Product Attributes
Quality Product Attributes Astron’s attractive reserve assemblage translates into a high-quality product suite ensuring market acceptance For personal use only Donald Premium Competitor 1 Competitor 2 Competitor 3
Slide 20: Rare Earth Mining
Rare Earth Mining Permanent magnet demand driving demand for Rare Earths Rare Earths used in Permanent Magnets Donald Rare Earth Attributes • Placer (sand) rare earth deposit For personal use only Light Rare Earth Elements (LREE) • Contains significant heavy rare earths (xenotime) Nd/Pr • Donald R
Slide 21: Feasibility Study and Financials
For personal use only Feasibility Study and Financials Donald Project Test-pit Rehabilitated, 2022 21
Slide 22: Phase 1 Financials
Phase 1 Financials Robust financial metrics deliver long-life, sustainable cash flows to drive shareholder value For personal use only Revenue Cash Costs EBITDA Trending Against Definitive Feasibility Study $314.4m $166.6m $147.8m Capital Expenditure per year per year per year Operating Expenditure
Slide 23: Funding Strategy
Funding Strategy Project capital expenditure estimate to be funded by efficient deployment of debt and equity capital DEBT For personal use only • ICA Partners appointed as Donald Project debt financial advisor • Debt process to commence targeting ~60% senior debt at construction • Initial soundings
Slide 24: Next Steps
For personal use only Next Steps 24
Slide 25: Next Steps - Donald
Next Steps - Donald Methodical development of a globally significant critical minerals resource • Work Plan – submitted, awaiting approval For personal use only Regulatory • Secure secondary approvals for project facilities - underway • Debt Funding process to secure debt component of funding – in p
Slide 26: Project Timeline
Project Timeline The project has a dedicated and achievable timeline to first production and positive cash flows Phase 1 Development Phase 2 Development For personal use only 17% of total Mineral Resources to be used in Phase 1, supporting $852m NPV and 41 year+ life Execute REEC offtake Phase 1 com
Slide 27: Phased Approach to Long Term Value Delivery
Phased Approach to Long Term Value Delivery Unparalleled resource position enables phased development, with multiple independent value-chains For personal use only Mineral Chemical Mining Concentrating Metallisation Processing Processing Phase 1 + 2a Phase 3 Rare Earths Forecast NPV8 58-year+ mine l
Slide 28: Further Information
Further Information For personal use only Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: contact@astronlimited.com Joshua Theunissen Company Secretary Tel: +61 3 5385 7088 Email: contact@astronlimited.com
Slide 29: Appendix: Donald Project – Ore Reserve Statement
Appendix: Donald Project – Ore Reserve Statement MIN5532 RL2002 outside of MIN5532 The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral Resources and Probable Ore Reserves, based on
Slide 30: Appendix: Donald Project – Mineral Resource Statement
Appendix: Donald Project – Mineral Resource Statement Mineral Resource above a 1% total HM cut-off Mineral Resource where VHM data is available reported above a cut-off of 1% total HM Classification Tonnes Total HM Slimes Oversize % of total HM (Mt) (%) (%) (%) Classification Tonnes HM Slimes Oversi
Slide 31: Appendix: Competitor Information & Disclosure
Appendix: Competitor Information & Disclosure SELECT COMPETITOR INFORMATION SOURCES 1. ASX Announcement, Sheffield Resources, ASX: SFX, Investor Presentation, 11 April 2023, Production Stage 2. Kalbar Operations Pty Ltd, Investor Presentation to TZMI, November 2020, Development Stage – Pre-Feasibili
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