Astron Limited · ASX:ATR
Astron — Investor Presentation (May 2024)
22 slides from Astron's investor presentation, May 9, 2024
Slide 1: Becoming a World-Scale Critical Minerals Producer
rsonal use only Becoming a World-Scale Critical Minerals Producer Astron Corporation Limited Investor Presentation – May 2024 2022 Drilling Program at Donald Project Site Astron Corporation Limited (ASX:ATR) 9 May 2024 1
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: 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 Located in the Wimmera Region, ~300kms to the NW of Melbourne, rsonal use only Approximately 70kms from the closest regional city of Horsham Total licenced ar
Slide 4: 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 rsonal use only Titania (66% TiO2) White Mesa Mill, UT (NYSE:UUUU) Yingkou Mineral Separation Plant Zircon Heavy Mineral Concent
Slide 5: Donald Project – Investment Highlights
Donald Project – Investment Highlights A multi-generational (50 years+) supplier of critical minerals and downstream valuable materials for decarbonisation rsonal use only Tier 1 project of global Compelling financial metrics and Major approvals in hand, significance multi-phased approach project te
Slide 6: Experienced Team To Deliver
Experienced Team To Deliver Board & management with strong project delivery experience, project team established with strong technical expertise rsonal use only George Lloyd Tiger Brown Rong Kang Gerard King A.M. Chairman Managing Director Non-Executive Director Non-Executive Director Mark Elliott S
Slide 7: 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 Mineral Sands - Relative In-situ Resource & Grade of Ti & Zr rsonal use only 5.0 2.5% Atlas Project (IMA) P
Slide 8: 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 Simplified Process Flow Diagram rsonal use only Phase 1 DFS Phase 2 PFS Ore • Accessing only 17% of the total Mineral • Extends
Slide 9: Extensive Evaluation & De-risking
Extensive Evaluation & De-risking Project significantly de-risked through successful pilot plant test work exhibiting strong heavy mineral recovery WCP Pilot Plant – MT, QLD, 2019 Rare Earth Flotation Pilot Plant – Nagrom, WA, 2021 rsonal use only Astron Corporation Limited (ASX:ATR) 9 May 2024 9
Slide 10: Phase 1 Financials
Phase 1 Financials Robust financial metrics deliver long-life, sustainable cash flows to drive shareholder value Trending Against Definitive Feasibility Study rsonal use only Revenue EBITDA $314.4m $147.8m Capital Expenditure per year per year Operating Expenditure CAPEX Cash Costs $364.7m $166.6m p
Slide 11: The Next Mineral Sands Development
The Next Mineral Sands Development Submission of the Work Plan positions Donald as the most advanced rare earths project on the eastern seaboard Environmental Secondary rsonal use only Effects Cultural Statement Heritage Export Permits Mining Management Licence On-going Granted 2008 Licence Schedule
Slide 12: Strategic partnership with Energy Fuels Inc
Strategic partnership with Energy Fuels Inc Non-binding Memorandum of Understanding (MoU) provides an offtake, development and funding pathway for the Donald Project Key Terms Rationale rsonal use only Earn-in of 49% of the Donald Deposit interest (MIN5532 and RL2002) through: Funding • A$180 millio
Slide 13: Key Takeaways
Key Takeaways rsonal use only Experienced Team to Deliver Project of this Size and Scale One of the World’s Largest Mineral Sands & Rare Earth Resources with over 2.6 Billion tonnes of ore at 4.8%, able to support over 58 yrs of mining Technically De-risked, Definitive Feasibility Study Conclu
Slide 14: 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 rsonal use only Execute REEC offtake Phase 1 commission Phase 2 - Approvals Phase 2 commission agreements H1’23 H2’23 H2’23 Q4’24 H1’26 Mid’26 H2
Slide 15: Further Information
Further Information rsonal 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 2019 Pilot Plant Astron Corporation Limited (ASX:ATR) 9 May 2024 15
Slide 16: 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 17: 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 % of total HM Tonnes Total HM Slimes Oversize Tonnes HM Slimes Oversize Rutile/ Classification Classification Zircon
Slide 18: Appendix: Comparable Mineral Resource Data
Appendix: Comparable Mineral Resource Data Project Development Resource Resource assemblage % HM assemblage % Company Name Ticker Project ownership stage Mt TREO HM Measured Indicated Inferred Mon&Xen Zr Ilmenite Leux Rut Astron Corporation Limited (ATR) Donald 100% Development 2,634 0.1% 4.6% 22.0%
Slide 19: 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
Slide 20: Appendix: Experienced Team To Deliver
Appendix: 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 rsonal use only George has 30 years resource industry and corporate business Tiger joined Ast
Slide 21: Appendix: Regulatory Approvals
Appendix: Regulatory Approvals Advanced Regulatory Approval Status Key Approval Requirement Completed Date Expiry rsonal use only Environmental Effects Statement 2008 None Commonwealth EPBC Act approval 2009 2042 Mining licence MIN5532 2010 2030 Water Rights 2011 Option to renew Cultural Her
Slide 22: Appendix: Strategic partnership with Energy Fuels Inc
Appendix: Strategic partnership with Energy Fuels Inc Non-binding Memorandum of Understanding (MoU) provides an offtake, development and funding pathway for the Donald Project Key terms of MoU rsonal use only Project funding Project Investment A$180 million in working capital Energy Fuels will earn