Heavy Rare Earths Limited · ASX:HRE
Heavy Rare Earths — Investor Presentation (August 2022)
17 slides from Heavy Rare Earths's investor presentation, Aug 24, 2022
Slide 1: Supporting a cleaner and sustainable future through critical minerals
Heavy Rare Earths Limited ACN 648 991 039 For personal use only Supporting a cleaner and sustainable future through critical minerals ASX: HRE August 2022
Slide 2: Important Notice and Disclaimer
HRE IMPORTANT NOTICE AND DISCLAIMER The information contained in this document (“Document”) has been prepared by Heavy Rare Earths Limited (referred to as “HRE Limited” or “the Company”). The purpose of this Document is to provide background information to assist readers in obtaining a general under
Slide 3: Value Proposition
HRE Value Proposition Rare Earths: Ongoing supply side issues and forecast demand side strength in e-mobility and wind power supports a high rare earth price environment For personal use only Key Project: Heavy Rare Earths Limited (HRE) owns the Cowalinya clay-hosted rare earth project, located on c
Slide 4: Board and Management Team
HRE Board and Management Team Non-Executive Chairman – John Byrne Mr Byrne has 40 years’ experience in the natural resource industry as a financial analyst, investor and mine developer. For personal use only John formed and mentored Cambrian Mining Plc in 2002, which started with net assets of GBP£1
Slide 5: Corporate Snapshot
HRE Corporate Snapshot For personal use only Capital Structure ASX: HRE Shares on Issue at IPO 68.3 million Market Capitalisation at IPO (@ $0.20) $13.5 million Cash $6.0 million Debt Nil Enterprise Value $7.5 million Options 14.2 million (exercisable @ $0.30 and $0.40) AC28 drill site at Cowalinya.
Slide 6: Clay-Hosted Project – Cowalinya WA
HRE Clay-Hosted Project – Cowalinya WA • The Cowalinya clay-hosted rare earth project is located on the 230 km2 granted exploration tenement E63/1972 in Western Australia For personal use only • HRE owns 100% of the mineral rights on E63/1972 • E63/1972 is on unallocated crown land 70 km south-east
Slide 7: Cowalinya Drilling Results – 2021
HRE Cowalinya Drilling Results1 – 2021 • HRE drilled 3,098 metres in 109 air core holes at Cowalinya in July 2021, targeting two areas covering 6.2 kilometres of potential strike For personal use only • The area of the Cowalinya tenement covered by HRE’s drilling represents less than 1.5% of the tot
Slide 8: Cowalinya Mineral Resources
HRE Cowalinya Mineral Resources1 • Mineral Resources were estimated for Cowalinya rare earths mineralisation in December 2021 by independently commissioned JMCT Consulting For personal use only Magnet Tonnes TREO-CeO2 Area Classification TREO (ppm) Sc2O3 REOs/TREO (Mt) (ppm) (%) Cowalinya Inferred 7
Slide 9: Cowalinya Resource Expansion and Exploration Drilling – 2022
HRE Cowalinya Resource Expansion and Exploration Drilling – 2022 • HRE plans to drill up to 10,000 5 km air core metres in 330 holes For personal use only commencing in September 2022 • The purpose of the program is to explore for rare earth resources Existing 2021 Drill Holes primarily to the west
Slide 10: Metallurgical Test Work
HRE Metallurgical Test Work1 • HRE conducted preliminary hydrochloric acid (HCl) leach tests at LabWest Minerals Analysis on 40 For personal use only Drill hole sampled for mineralised saprolite samples from 3 holes drilled at acid leach test Cowalinya in 2021 • This work indicated that high proport
Slide 11: Rare Earth Composition
HRE Rare Earth Composition Rare Earth Group Rare Earth Oxide Primary Application Cowalinya In-Situ For personal use only (REO) Rare Earth Composition1 (% of TREO) Praseodymium 4.6% Light Rare earth permanent magnets in electric Neodymium motors, micromotors and generators 17.4% Magnet Rare (conventi
Slide 12: Peer Comparison
HRE Peer Comparison Heavy Rare Earths Australian Rare Earths Meeka Metals Mount Ridley Mines OD6 Metals ASX Code HRE AR3 MEK MRD OD6 For personal use only Cascade & Circle Valley Grass Patch & Splinter Project Cowalinya (WA) Koppamurra (SA & VIC) Mount Ridley (WA) (WA) Rock (WA) Tenement Holdings (k
Slide 13: Hard Rock Project – Duke NT
HRE Hard Rock Project – Duke NT • The Duke rare earth project1 applications were lodged by HRE (100%) 20 km in December 2021 and February 2022 For personal use only • Duke is located 50 km north-west of Tennant Creek, 25 km west of the Stuart Highway, and on the Darwin-Adelaide rail line in the Nort
Slide 14: Rare Earth Market Overview
HRE Rare Earth Market Overview • Rare earths are featured in the official Australian, U.S., European Union and Canadian critical minerals lists For personal use only • According to Roskill and the Department of Industry, Science, Energy and Resources in 2021: • The global rare earths market was valu
Slide 15: Magnet Rare Earths Pricing
HRE Magnet Rare Earths Pricing Historical Pricing Forecast Pricing For personal use only US$117.19/kg US$117.19/kg US$2,040/kg US$338.50/kg Prices from Asian Metal 12/8/22 From ILU ASX Announcement 4/4/22 VAT inclusive VAT inclusive pricing forecasts from Adamas Intelligence September 2021 15 Heavy
Slide 16: Project Development Indicative Timeline
HRE Project Development Indicative Timeline 2022 2023 2024 For personal use only Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Drilling Cowalinya Assay WA Resource Update Metallurgical Development Project Studies Field Reconnaissance Duke NT Geochemical Surveys Drilling All dates are subject to change without notice High
Slide 17: For personal use only
For personal use only info@hreltd.com.au +61 3 8630 3321
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