Rarex Limited · ASX:REE
Rarex — New World Metals Conference 2021
17 slides from Rarex's conference presentation, Sep 9, 2021
Slide 1: Moving to the next level at the Cummins Range rare earths project, WA
For personal use only Moving to the next level at the Cummins Range rare earths project, WA New discoveries and opportunities as RareX builds its development team New World Metals Conference, 9 September 2021
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Compet ent Person St at ement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 9th September 2021. The information in this presentation is of a general background and does not purport to be complete. This presentation is
Slide 3: Investment Overview
Invest ment Overview For personal use only • Strategically located asset: 100%-owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Substantial resource: 18.8Mt at 1.15% TREO + 0.14% Nb2O5, including 6.5Mt at 1.98% TREO + 0.21% Nb2O5 • Exploration re-commenced:
Slide 4: Corporate Snapshot
Corporat e Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~40% OTCQB Code REEEF Number of Shareholders ~5,200 Share Price (8th September 2021) $0.105 Substantial Shareholder Simon Lee AO (6.5%) Shares on Issue 433m Market Capitalisation $45.5m Cash and
Slide 5: Rare Earths Market
Rare Eart hs Market For personal use only End Market Applications Global End Market Growth Passenger, Forecast Passenger EV Sales (m) Electric commercial. Electric trains and other Vehicle transportation. 40 motors Approx. 1kg NdPr per EV1 30 Consumer Smart speakers, 20 electronics computer speakers
Slide 6: Rare Earths Prices on the Rise
Rare Eart hs Prices on t he Rise For personal use only Magnet Metals – Neodymium (Nd) Praseodymium (Pr), Dysprosium (Dy) and Terbium 60 59 (Tb) Prices have risen sharply this year. Nd Neodymium Pr Praseodymium NdPr Market Balance Neodymium – Praseodymium Oxide Price (NdPr) Forecast NdPr Oxide market
Slide 7: Cummins Range Rare Earths Project
Cummins Range Rare Eart hs Project For personal use only • Tier-1 mining jurisdiction: Located in the Kimberley region of Western Australia • Government Support Available: Critical Minerals Facilitation Office, NAIF EFA, etc. • Committed to high ESG standards: Committed to World Economic Forum (WEF)
Slide 8: Globally Significant JORC Resource
Globally Significant JORC Resource For personal use only • Globally significant Indicated and Inferred JORC Resource 18.9Mt at 1.15% TREO + 0.14% Nb2O5 • High-grade tonnes increased to 6.5Mt at 1.98 % TREO (inc. 0.38% NdPr) + 0.21% Nb2O5 • Indicated Resource of 11.1Mt at 1.3% TREO + 0.17% Nb2O5 • Co
Slide 9: Cummins Range – Grade and Scale
Cummins Range – Grade and Scale For personal use only 0.5% Tonnes TREO NdPr Nb₂O5 HREO Cut Off Mt % % % ppm ASX-Listed Rare Earth Companies, Primary Deposit Grades – TREO % Indicated 11.1 1.34 0.27 0.17 830 6% 5% Inferred 7.7 0.88 0.18 0.11 540 4% Total 18.8 1.15 0.23 0.14 711 3% 2% 1% 1.0% Tonnes T
Slide 10: Growing the Resource
Grow ing t he Resource For personal use only The unique geology at Cummins Range points to high-grade potential: • Carbonatite intrusive complex with REE mineralisation controlled by hydrothermal fluids • Historical drilling mostly orientated in the wrong direction • Recognition of high-grade main f
Slide 11: Initial RC Results
Init ial RC Result s For personal use only First batch of assays confirm true width of the Main Fault to be >40m and identify new mineralised position, highlighting the deposit’s exceptional growth potential • CRX0063 intersects multiple mineralised zones, including: • Main Fault – 41m at 2.4% TREO
Slide 12: Primary Mineralisation Confirmed
Primary Mineralisat ion Confirmed For personal use only CDX0007 has intersected the high grade primary zone for the first time Oxidised REE-Nb Polymictic Breccia Confirmation of potential for extension at depth and wide open First assays from diamond drilling in 4-6 weeks Primary REE-Nb Polymictic B
Slide 13: Commercialisation
Commercialisat ion For personal use only Proposed Aust ralian Refineries • Rare Earth mineralogy dominated by monazite – the most well- understood Rare Earth Mineral from a processing perspective • Recently appointed General Manger Projects to oversee development of the project • Metallurgical testw
Slide 14: Cosmos Exploration – Listing Soon
Cosmos Explorat ion – List ing Soon For personal use only • Allows focus on Nickel Copper PGE and Gold Exploration • Byro East Ni Cu PGE Project – hosts numerous nickel-copper- PGE targets along the geological setting of the Milly Milly intrusions, considered to be analogous to the Gonneville intrus
Slide 15: Key Investment Takeaways
Key Invest ment Takeaw ays For personal use only 1 High-quality, advanced Rare Earths Project in WA 2 Resource upgrade announced 3 Confirmation of high-grade primary mineralisation 4 Rare Earths prices rising strongly 5 Cosmos Exploration Limited listing soon W it h a $40.0m market capit alisat ion,
Slide 16: Appendix A: NSW Copper-Gold Assets
Appendix A: NSW Copper-Gold Asset s For personal use only • RareX retains a 35% free-carried interest over multiple projects operated by ASX - listed Kincora Copper Limited • Kincora currently focussing on Trundle Project with two diamond drill rigs • Recently listed on ASX with A$12m • Kincora expl
Slide 17: Appendix B: Rare Earths Companies
Appendix B: Rare Eart hs Companies For personal use only Company Grade Resource Category Location Stage Source Measured Inferred Total & Indicated Lynas Rare 5.400% 29.5 25.9 55.4 WA Production https://lynasrareearths.com/wp- Earths content/uploads/2019/05/190522-Clarification-of- Mineral-Resource-a