Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Arafura Resources NL — Investor Presentation (February 2005)
39 slides from Arafura Rare Earths's investor presentation, Feb 18, 2005
Slide 1: Resourcing the future
| Alistait tephens - - Chief f Executive Officer Pebronty 2005. . . _ _ Anemerging mining company resourcing future solutions _ | Act a ‘Resourcing the futu re
Slide 2: Company Profile
2 COMPANY, PROFILE _. PERTH BASED | 43.9 million shares. Issue; price: $0. 20 - Issue date: Nov 2003 _ Pree - ASX code: ARUO _ Expiry date: June 2008 ML ARKET CAPITALISATION . - _ Under $10 milion . _ _ASX code: ARU _ . . iste Australian exchange ee exchange CASHE POSITION — SL a _Arafuri r a
Slide 3: Company Board
“COMPANY BOARD _ Peter W Walker - Cutan _ _ Managing Director of Dominion and Aztec Mick Muir - _ Executive Director. Managing Director of Mt Martin and Noble. Resources : / _ _ Tan Kowalick _ N on-Executive Director _ Positions i in resource, technical consulting, banking — Marcus Rose _ Non- Execu
Slide 4: Alistair Stephens
| Alistair Steen
Slide 5: Project map with commodities
Undag LEGEND AEE Rare Earths | Ag Ww Sp BM Fe P U Gold Tungsten ip Base Metals Iron Phosphate Uranium ERON REGIONAL (Au, BM, REE) | NOLANS BORE | (REE, P) Gas processing kiguidis processing (oll, condensate, LPG) Existing natural gas pipeline Proposed natural gas pipeline | Mt Porter Resoutce Franci
Slide 6: Mt Porter 354k oz Resource
NG Porter 34, 2 k oz Resource - Francis Creek high grade : - new gold district _ 50% increase in resources - Lagoon Creek uranium _Aratur ra
Slide 7: Company Objectives
_ COMPANY Y OBJECTIVES ‘Our Vsin _ - - . Long term 1 diverse commodity business _ . Our Strategy ‘By es Gee quiring projects with - _ unique value _. _ Aratu ra _ ‘Resourcing the future
Slide 8: o ‘uci _ _ _ os
o ‘uci _ _ _ os _ ae c . _ ae / _ _ Arafu a Resourcing the future
Slide 9: Gold Portfolio
es RESOURCES NL GOLD PORTE: OLIO— Mt Porter. Francis Creck -Kurinelli
Slide 10: Frances Creek
FRANCES CREEK MT PORTER (Au) (Au, BM) SUPPLEJACK | AILERON REGIONAL (Au, BM) i (Au, BM, REE) ia : : ; JERVOIS NOLANS BORE (5M, REE) EE, P e : HAMMER HILL 7 , Diamonds) f Gas processing Liquids processing (oil, condensate, LPG) Existing natural gas pipeline Proposed natural gas pipeline
Slide 11: Gold - Mt Porter
GOLD - MT PORTER” _—sResounces tonnes a Andie 300,000 Inferred 55,000 Total —=- 355,000.
Slide 12: Gold - Frances Creek
| GOLD-FRANCES CREEK Depth continuity of grade Potential along strike and at depth _
Slide 13: Iron Ore - Frances Creek - Royalty Payments
_IRON ORE - FRANCES CREEK — _ ROYALTY PAYMENTS foe on oe ee Mining ihe to Vecdiog ton PL Royalty payments $1.30/tn Historic mining 17mt @ 60-63% Fe
Slide 14: Gold in quartz veins
Gold in quartz vei _ 5,0000z recovered in la - — Deeply weathered - Hidden reefs eo eillion © ore ody 165 es ay
Slide 15: Kurinelli soil sampling gold result and geology
QarCz} Atuvial cover Dace, micsngranite Boleite anc gabibreic shgroenstones Kurinatli Sandstone Epenaira Voicarics peers Ooradiczes Subgroup Roonsys Formation Sedinrtary Sequence [J] torent outing 4B 4x_ Mine. Prospect o Prospector pit ‘Exclusion zone Granted mineral claim 2 Minera lien applination
Slide 16: Gold Strategy - 2005
GOLD STRATGEY - 2005. Development of of Mt t Porter > Progress PER Test Frances Creek > ‘Drilling along strike and depth 2 Advance Kurinelli_ - Soil infill = dell carpets
Slide 17: Ai
Ai
Slide 18: Greater Darwin projects
Greater Suntise FRANCES CREEK se (Au, Fe) j “DARWIN F MT PORTER: (Au) LEGEND REE Rare Earths bu Gold WwW Tungsten Sh Tip BM Base Metals Fe iron fi Phosphate U Uranium SUPPLEJACK | _ AILERON REGIONAL (Au, BM) | (Au, BM, REE) a (BM, REE) HAMMER HILL | (REE, Diamonds) Gas processing Liquids processing
Slide 19: Lagoon Creek
LAGOON CREEK deposits host _ +20,000 tonn
Slide 20: Lagoon Creek project structural geology
| 137°40" ARAFURA RESOURCES NL ; PROJECT Bo cATION STRUCTURAL GEOLOGY Me Dermatt Formation 47 %40" | 19900" ! 187°50" Me Dermott Formation ~ Project Plan Ground geophysics Ground geochemistry Drilling targets 1@_ El Hussen (U) 2@ Coban 2 (Au,U) 3Q wo. 4 @). (Au,U) Drill hole intercepts 5@ Eva (Au,U)
Slide 21: Uranium - World Market
Slide 22: Phosphate, Rare Earths
_ Phosphate Rare Earths ‘iii
Slide 23: Nolans Bore location
FRANCES CREEK (Au, Fe) MT PORTER | CORONET HILL. (Au) , (Au, W, Sn) DAVENPORT RANGES (Au, BM) |) AILERON REGIONAL NOLANS BORE EE, P) JAMMER HEL EE, Diamon Gas processing Liquids processing foil, condensate, LPG) Existing natural gas pipeline Proposed natural gas pipeline [=
Slide 24: Nolans Bore resource
. Ae Ue — oo —— -B,0,% REO% O,(b/9) | - ada eo | ao . Inferred _ eS LULU Toul 581 a 35 ek Contained metal . 960k _ © 230K 18000 EXTENSIVELY UNDER EXPLORED
Slide 25: Nolans Bore Prospect Plan
318 G00mE 319 000mE WEST ZONE 319.400mE. 7.502: 200mN a along strike os WESTERN ZONE |~- a 7601 adm RESOURCE ; ei 7 so : , : - a ‘EASTERN ZONE sos 2\\ a RESOURCE 7-501.600mN 3 "| : . ; Sie 7 $01 400mN fo} 200m St January 2005 1 1 ARAFURA RESOURCES NL _ -Alluvium : J Drainage ~ Aileron EL23671 alate
Slide 26: Nolans Bore Prospect Plan
318 600mE 349 000mE WEST ZONE | 7-502:200mN a | WESTERN ZONE 7601 adm RESOURCE 7501 600mN 7601 400mN fo} 200m ARAFURA RESOURCES NL 7] Allavium Aileron EL23671 Calerate papstone NOLANS BORE PROSPECT Surface. projection main apatite: zone - “PLAN C2 Known extent of mineralisation. January 2005 : 1 1 3
Slide 27: Nolans Phosphate
ne Nolans Phosphate Basis for NPK & Ca-N Fertiliser Huge Asian market _ Phosphate _ _ : Notional product rate 250 ktpa rock :
Slide 28: The Process
_ The Process Apatite Rock HINO; —> Ca, PO, (REO) (F) — Nitric acid CaN NK REO Phosphate . : : 5 : Soe fertiliser fertiliser Concentrate — y Fluoro-silicate waste _
Slide 29: Saleable Products
102 Saleable Esoaucty - Apatite Rock 250,000 tonnes: ,—> Ca, PO, oe : as . L : _ CaN NPK REO fertiliser ee _concentrate 100,000 ———65,000t~—15,0001 Hoore slic was 70,000 «
Slide 30: Nitrophosphate process
A. practi, foahoiuin phosphate} Armonia Outlet fan Nitric acid Arnmoniurn | nitrate | Potassium salts Cooling crystallisation CN-liquicis. Vacuurnnfilter rT CN fertilizer Source: Yara
Slide 31: Technology
technology Figure 1: Periodic table with the REE (light shading) and scandium, yttrium and thorium highlighted.
Slide 32: Nolans Bore Rare Earths
_ Nolans Bore Rare Earths _ Glass + Catalysts Batteries
Slide 33: Hybrid Cars, Small, Big Luxury
Hybrid Cars, Small, Big Luxury “Lanthanum fuel additive "catalytic converter Cerium catalytic converter glass | Neodyae electric magnets _ lighting phosphors _
Slide 34: Chinese Domination of production
~ Chinese Domination of production _ (Chinese _U Moutain Pass ~ _( Placer _ F Eee SESS 1985 1990-1995 = 2000 1980 2005 Source — The USGS 2002, Roskill 2004.
Slide 35: Who uses it and how much?
Who uses it and how much? REO Demand (000s) Target production rate of 15,000 tonnes per annum Over 1,000 Korea downstream — 6% processors _ Source — The economics of mare earths & Vitrium, Roskill 2004
Slide 36: Nolans Strategy 2005
__Nolans Strategy 2005 Definition drilling _ _Hydro-metallurgical test-work Engineering concepts Project development
Slide 37: Drill test progress
‘Drill test : Progress
Slide 38: Arafura Resources NL
‘ARAFURA RESOURCES NL. _ Diverse commodities Unique markets. "Significant opportunity
Slide 39: aggressively
aggressively
Arafura Resources NL — Investor Presentation (February 2005) on 6ix