Slide 1: Becoming a World-Scale Critical Minerals Producer
For personal use only Becoming a World-Scale Critical Minerals Producer Donald Project – 2023 Progress Update Astron Corporation Limited (ASX:ATR) TZMI Presentation – November 2023
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: Astron Corporation: Corporate Overview
Astron Corporation: Corporate Overview Astron’s objective is to become a globally significant source of strategic minerals, leveraging its unique resource position Yingkou Mineral Separation Plant ASX Code ASX:ATR For personal use only Focused on the recovery of rutile and non-magnetic Securities on
Slide 4: The Donald Rare Earths & Mineral Sands Project
The Donald Rare Earths & Mineral Sands Project 100% owned world class asset in supportive jurisdiction with key regulatory approvals in place Combined, MIN5532 and RL2002 Located in the Wimmera Region, ~300kms to the NW of Melbourne, supports a mine life of 58 years For personal use only Approximate
Slide 5: Key Achievements 2023
Key Achievements 2023 Astron is delivering on key objectives towards development of the Donald Project Dec’ 22 Updated MIN5532 Mineral Resource For personal use only Feb’ 23 Concluded final confirmatory metallurgical testing Mar’ 23 Updated MIN5532 Ore Reserves Apr’ 23 Phase 1 Project Definitive Fea
Slide 6: Milestone 1: Establishing Experienced Team To Deliver
Milestone 1: Establishing Experienced Team To Deliver Board & management with strong project delivery experience, project team established with strong technical expertise George Lloyd Tiger Brown External Consultants Chairman Managing Director For personal use only George has 30 years resource indus
Slide 7: Milestone 2: Mineral Resources + Ore Reserves Upgrade
Milestone 2: Mineral Resources + Ore Reserves Upgrade Cementing Donald Project’s position as one of the most significant critical mineral resources globally Rare Earths - Relative In-situ Rare Earth Resource 3rd 5.0 Contained TREO Resource1 (Mt) Largest rare earth resource ex-China by monazite alone
Slide 8: Milestone 3: Delivery of Phase 1 Definitive Feasibility Study
Milestone 3: Delivery of 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 a
Slide 9: Milestone 4: Submission of the Work Plan
Milestone 4: Submission of the Work Plan 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
Slide 10: Next Steps - Donald
Next Steps - Donald Methodical development of a globally significant critical minerals resource Regulatory Lodge Work Plan demonstrating compliance with EES – submitted. For personal use only Secure secondary approvals for project facilities – underway. Technical Negotiate and appoint EPC Constructi
Slide 11: 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 offtake Phase 1 commissi
Slide 12: 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 13: Further Information
Further Information For personal use only Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: Tiger.brown@astronlimited.com Joshua Theunissen Company Secretary Tel: +61 3 5385 7088 Email: Joshua.theunissen@astronlimited.com