Northern Minerals Limited · ASX:NTU
Northern Minerals — Shareholder Meeting (November 2010)
36 slides from Northern Minerals's shareholder meeting presentation, Nov 25, 2010
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25 November 2010 George Bauk – Managing Director
Slide 2: Resolutions and Valid Proxy Votes
Resolutions and Valid Proxy Votes For personal use only For Against Abstain Open Resolution 1 Adoption of Remuneration Report 21,420,825 906,799 84,500 661,176 Resolution 2 Re-election of Mr. Kevin Schultz 22,248,601 16,523 153,500 654,676 Resolution 3 Establish Performance Rights Plan 18,959,416 1,
Slide 3: Important Notice
Important Notice For personal use only This presentation has been prepared by Northern Uranium Limited (“Northern Uranium” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invit
Slide 4: Agenda
Agenda For personal use only • COMPANY OVERVIEW • 2010 ACHIEVEMENTS • URANIUM • RARE EARTHS • PHOSPHATE • MOVING FORWARD 2011 • SUMMARY
Slide 5: Company Overview
Company Overview For personal use only Uranium • Strategic 11,000km2 land position Drill ready targets • Operator alliance with Areva Rare Earths • Potential for HREE in xenotime mineralisation (rich Exciting Early Stage Exploration in high value Heavy Rare Earths) Phosphate • Prime phosphate region
Slide 6: Project Portfolio
For personal use only Project Portfolio
Slide 7: Capital Structure
Capital Structure For personal use only ASX Codes NTU Ordinary Shares Ordinary Shares 163,726,886 Listed Options – NTUOA 12,802,964 ($0.20 exp 30 Sept 2012) Listed Options – NTUOB 17,397,371 ($0.15 exp 31 March 2012) 52 – Week Trading Range $0.063 - $0.495 Daily Traded Volume 3.95 million Market Cap
Slide 8: 2010 Share Price Chart
2010 Share Price Chart For personal use only Conglin Yue Joins Register Browns Range 2009 Results Rights Issue Announced Browns Range Results John Galt Acquisition Rights Issue Announced Super Profit Tax Announced Lynas Joins Register ECE Transaction Announced Browns Range Results
Slide 9: 2010 Achievements
2010 Achievements For personal use only • Corporate – Raised $12.8m through 2 rights issues (April / October) – Acquired John Galt / Ferrum Crescent Australian Tenements – New Major Shareholders – Board Changes • Exploration – 3,200m RC drilling at Gardiner Tanami - Uranium – Completed initial explo
Slide 10: 2010 Achievements - Acquisitions
2010 Achievements - Acquisitions For personal use only • John Galt - Acquired June 2010 – 4 year option to purchase – HREE in a xenotime mineralisation – Located within 200km of Browns Range • Ferrum Crescent Tenements – acquisition of 6,690km2 of exploration ground – Acquired all mineral rights to
Slide 11: Portfolio Expansion
For personal use only Portfolio Expansion
Slide 12: Uranium
For personal use only Uranium
Slide 13: Uranium Outlook
Uranium Outlook For personal use only • Uranium renaissance - long term demand positive • Demand for carbon free electricity • Emergence of India and China as major nuclear nations • Consumption to increase as new reactors come on line • More than 500 new reactors in global pipeline (construction, p
Slide 14: Targeting Unconformity Uranium Deposits
Targeting Unconformity Uranium Deposits For personal use only Unconformity resources
Slide 15: Gardiner-Tanami Project
Gardiner-Tanami Project For personal use only Gardiner-Tanami • 100% ownership • Afmex (Areva subsidiary) is project operator • Afmex may market uranium on commercial arms length terms Gardner Range JV • Earning up to 60% • JV with Manhattan (ASX:MHC) • Afmex is project operator • Afmex may market u
Slide 16: Multiple Drill Targets
Multiple Drill Targets For personal use only Drill Targets at Gardiner-Tanami Project and Gardner Range JV Project
Slide 17: Gardiner-Tanami Drilling
Gardiner-Tanami Drilling For personal use only • 3,200m RC Drilling completed at The Don and Soma Prospects • The Don – targeting 1.5km long fault structure in proximity to historical drill intersection of 0.44m @ 1.5% U and 1.7g/t Au • Secondary uranium mineralisation identified in outcrop at The D
Slide 18: Rare Earth Elements
For personal use only Rare Earth Elements
Slide 19: Rare Earth Elements (REE)
Rare Earth Elements (REE) For personal use only • REE includes scandium, yttrium and 15 lanthanides • Essential for high growth products, and become increasingly important commodities • Faster / Lighter / Smaller / More efficient Uses: – Electronics and technology – mobiles, TV screens, laptops – En
Slide 20: The Last 18-24 Months
The Last 18-24 Months For personal use only • China suspends shipments of rare earths to Japan for political reasons (September 2010) • Chinese export quotas reduced significantly • Global financial crisis (Growth set back 2 years) • China declares ‘heavy’ rare earths resources are finite (approxima
Slide 21: China: Export Quota History
China: Export Quota History For personal use only Chinese Export Quota History 2005-2010 (Tonnes Product) Rare Earth Quotas ROW Year Domestic Foreign Total Change Demand Companies Companies 2005 48,040t 17,659t 65,609t 0% 46,000t 2006 45,752t 16,069t 61,821t -6% 50,000t 2007 43,574t 16,069t 59,643t
Slide 22: The Issue of 'Balance' in 2015
The Issue of ‘Balance’ in 2015 For personal use only Forecast Supply and Demand for Selected Rare Earths in 2015 (Tonnes REO, ±15%) Demand @ Supply @ Rare Earth Oxide 185,000tpa REO 208,500tpa REO Cerium 65-70,000t REO 80-85,000t REO Neodymium 35-40,000t REO 30-35,000t REO Europium 725-775t REO 575-
Slide 23: REE - growth market
For personal use only REE - growth market
Slide 24: Rare Earth Supply and Demand
Rare Earth Supply and Demand For personal use only Demand • Global market grown from 40,000tpa - 125,000tpa in the past 10 years • Global demand forecast to grow at ~ 8 – 11% per annum Supply • China produces 95% of world’s REE, from 70% of the world’s known resources. • China has curtailed REE expo
Slide 25: Rare Earth Prices
Rare Earth Prices For personal use only Comparison of Average Annual Rare Earths Prices 2005-10 (Notes: 1.Source is metal pages© 2. Prices have been rounded) Rare Earths Price US$/kg FOB China1,2 Rare Earth Product 18 Nov 2006 2007 2008 2009 1Q2010 2Q 2010 3Q 2010 2010 Lanthanum Oxide US$1.80 US$3.1
Slide 26: Rare Earth Projects
For personal use only Rare Earth Projects
Slide 27: Browns Range
Browns Range For personal use only • Significant rare earth discoveries confirmed in 2009 • Rock chip sampling and mapping by NTU identifies four mineralised targets with results up to 7.95% TREE+Y • Estimated value up to $6,000/t. • Target zone of 5km identified • Clean liberation of xenotime at a
Slide 28: Browns Range – 2010 exploration completed
Browns Range – 2010 exploration completed For personal use only • Rock chip sampling indicates high proportion (65-70%) of heavy rare earths (HREE) • Soil sampling highlights extensive HREE geochemical anomalies at Area 5/Area 5 North and Gambit prospects • Detailed geological mapping and further so
Slide 29: Ferrum Crescent Tenements
Ferrum Crescent Tenements For personal use only
Slide 30: John Galt
John Galt For personal use only • Exciting REE prospected, acquired in June 2010 • Regional proximity to the Browns Range HREE Project • Similar geology – high value HREE in xenotime mineralisation • Extends HREE footprint in region • Tenement application expected to be granted by end 2010 • Funding
Slide 31: Rare Earth Achievements
Rare Earth Achievements For personal use only • Browns Range – Identified 4 mineralised prospects – Completed preliminary metallurgical test work – 1,900 soil samples collected – 70 rock chips taken – Regional and detailed mapping completed • John Galt – Completed acquisition – Heritage agreement ne
Slide 32: Phosphate
For personal use only Phosphate
Slide 33: Phosphate Projects
Phosphate Projects For personal use only • Phosphate – strong growth forecast with increasing population and food demand • Well located portfolio in close proximity to existing phosphate deposits and infrastructure • Projects in prospective Georgina and Amadeus Basins
Slide 34: Summary
For personal use only Summary
Slide 35: Value Proposition
Value Proposition For personal use only Uranium • Highly prospective high grade unconformity-related targets • 11,000km2 with 30km of drill target areas to date • Afmex (Areva) strategic alliance partners Rare Earths • Prospective High Value HREE projects • Xenotime mineralisation – amenable to proc
Slide 36: Moving Forward - 2011
Moving Forward - 2011 For personal use only • 10,000m planned for uranium drilling at Gardiner Tanami commencing Q2 2011 • Finalise Deed of Exploration for NT tenements with Aboriginal Traditional Owners Q2 2011 • Grant of NT tenements– target Q3 2011 • Preparation for drilling at Browns Range HREE
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