Northern Minerals Limited · ASX:NTU
Northern Minerals — Asian Metals 11th Rare Earth Summit (May 2019)
28 slides from Northern Minerals's conference presentation, May 9, 2019
Slide 1: Asian Metals 11th Rare Earth Summit
For personal use only Asian Metals 11th Rare Earth Summit 10 May 2019 Presented by Mark Tory CFO / Company Secretary 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). This document is of a summary form only and therefore contains general background information which may not be complete. It should be read in conjunction with and full review made of North
Slide 3: Browns Range East Kimberley, WA
For personal use only Browns Range East Kimberley, WA ASX:NTU << AUSTRALIAN DYSPROSIUM >> 3
Slide 4: A ten year > $200m journey
A ten year > $200m journey For personal use only ASX:NTU << AUSTRALIAN DYSPROSIUM >> 4
Slide 5: Strengthening our balance sheet
Strengthening our balance sheet For personal use only In the year 2019 to date we have: • received commitments to raise A$41 million (A$31M of funds received to date); • repaid A$23 million to close out our 2018 R&D loan; • reduced the Lind facility to A$1.9 million (from A$4.0 at the start of the y
Slide 6: Government programmes
For personal use only Government programmes ASX:NTU << AUSTRALIAN DYSPROSIUM >> 6
Slide 7: NTU Board
NTU Board Colin McCavana - Non-executive Chairman (appointed 2006) CM Mr McCavana has more than 35 years of management experience worldwide in the earthworks, construction and mining industries. For personal use only George Bauk - Managing Director / CEO (appointed 2010) George is an experienced exe
Slide 8: Since the last conference months ago
Since the last conference 12 months ago For personal use only 2018 ASX:NTU << AUSTRALIAN DYSPROSIUM >> 2019 8
Slide 9: Value proposition
For personal use only Value proposition Globally significant Initiatives Browns Range is the only non- Several projects underway, including Chinese producer of dysprosium ore sorting, to increase value EV growth & military use Exploration upside A key ingredient in permanent New Dazzler Mineral Reso
Slide 10: Dysprosium – critical to the EV evolution
Dysprosium – critical to the EV evolution For personal use only With each electric vehicle using just over 100g of dysprosium, the company understands that demand may increase to over 3,500tpa by 2030. With over 98% of Dy production from China, there is strong interest in the US and globally for new
Slide 11: Filling the supply gap
Filling the supply gap For personal use only Chinese illegal production is expected to continue falling as the Government cracks down. Even with efficiencies in electric motors, the supply/demand gap is expected to continue widening. Browns Range Full-scale potential Browns Range PP production => De
Slide 12: Browns Range pilot plant flowsheet
Rare Earth Magnetic Dryer Kiln Carbonate Separation Water Leach Precipitation Browns Range For personal use only pilot plant flowsheet Xenotime Concentrate Stockpile Rare Earth Carbonate Bagging Crushed Ore Stockpile Tails Crusher Ball Mill Flotation CCD Purification ASX:NTU << AUSTRALIAN DYSPROSIUM
Slide 13: Product separation
Product separation For personal use only Strong support received from the Federal & WA Government for downstream processing within the state ASX:NTU << AUSTRALIAN DYSPROSIUM >> 13
Slide 14: Staged development plan
Staged development plan For personal use only Test Pilot Plant Mine xenotime ore Produce mixed RE carbonate Export to offtake customers Refine Project 02 Validate & refine flowsheet Implement ore sorting Improve xenotime conc. grade Investigate plant efficiencies Develop Full Project 03 Economies of
Slide 15: Ore sorting – a game changer
For personal use only Ore sorting – a game changer Following successful trials, the Company is investigating the use of ore sorting technology to reduce the volume of non-mineralised material being processed, therefore allowing more product to be produced. 90 2.2x 40 Head grade improvement Mass redu
Slide 16: Blue sky potential
For personal use only Blue sky potential The Browns Range dome is a massive geological feature covering 1,500km 2 and stretching 60km x 30km most of which hasn’t been effectively explored New discoveries 20+ year life target High-grade discoveries made in Focus on growing mine life from 11 2018 at D
Slide 17: Dazzler Mineral Resource
Dazzler Mineral Resource For personal use only TREO Dy2O3 Y2O3 Tb4O7 HREO TREO Category Mt % kg/t kg/t kg/t % kg Indicated - - - - - - - Inferred 0.14 2.23 2.08 12.79 0.27 93 3,200,000 Total 0.14 2.23 2.08 12.79 0.27 93 3,200,000 REO % of Total REO La2O3 1.20 CeO2 3.44 Pr6O11 0.48 Nd2O3 2.21 Sm2O3 1
Slide 18: Corporate overview
Corporate overview For personal use only Ordinary Shares as at 7 May 2019 1,908M Options, Performance Rights & Convertible Notes as 112M at 7 May 2019 Market Capitalisation as at 7 May 2019 $149M Cash (31 March 2019) $9.1M Debt (as at 30 April 2019): Brevet 2018/19 $3.5M Lind $1.9M Sinosteel $10.4M
Slide 19: In conclusion
In conclusion For personal use only First rare earth carbonate pilot plant production in October 2018, following practical completion including first shipment in December 2018 Three year pilot plant project to demonstrate and assess economic and technical feasibility of larger operation Ore sorting
Slide 20: Thank you
For personal use only Thank you Contacts George Bauk, Managing Director & CEO gbauk@northernminerals.com.au Mark Tory, Chief Financial Officer & Company Secretary mtory@northernminerals.com.au Northern Minerals Andrew Rowell, Investor Relations Director, Cannings Purple Level 1, 675 Murray Street We
Slide 21: Appendices
For personal use only APPENDICES ASX:NTU << AUSTRALIAN DYSPROSIUM >> 21
Slide 22: Corporate leadership
For personal use only Corporate leadership Our people embody the Northern Minerals SPIRIT, a culture of continually striving to deliver exceptional outcomes, leadership and improvements. George Bauk, MD/CEO Robin Wilson, Expl. Mgr MD Since 2010, George has lead the team EM Original Browns Range disc
Slide 23: Operational leadership
For personal use only Operational leadership Our team of operational specialists have years of experience in the production of rare earths. Having experts in their fields allows us to maximise value for shareholders. Robin Jones, COO Eben Van Rooyen – Eng. Mgr COO Driven Browns Range pilot plant to
Slide 24: Iceman discovery
Iceman discovery For personal use only Width From Estimated Hole ID To (m) % TREO (m)* (m) pXRF grade BRIR0001 No significant results BRIR0002 11 13 24 4.83 4% BRIR0002 2 37 39 0.16 BRIR0003 8 27 35 0.37 0.6% BRIR0004 7 26 33 1.20 3% BRIR0005 No significant results BRIR0006 1 16 17 1.28 BRIR0007 7 4
Slide 25: Mineral Resources by deposit
TREO Dy2O3 Y2O3 Tb4O7 HREO TREO Deposit Classification Mt % kg/t kg/t kg/t % kg Indicated 2.88 0.84 0.74 4.89 0.11 89 24,195,000 Wolverine Inferred 1.97 0.89 0.76 5.15 0.11 88 17,588,000 1 Total 4.85 0.86 0.75 4.99 0.11 89 41,786,000 For personal use only Indicated 0.12 1.8 1.62 10.98 0.22 94 2,107,
Slide 26: Ore Reserves
TREO TREO Dy2O3 Dy2O3 Tb4O7 Tb4O7 Y2O3 Y2O3 Deposit Class Mt kg/t kg kg/t kg kg/t kg Kg/t kg OPEN PIT For personal use only Wolverine Probable 0.72 6.17 4,458,000 0.55 400,000 0.08 57,000 3.6 2,598,000 Area 5 Probable 0.47 2.24 1,048,000 0.14 65,000 0.02 10,000 0.99 463,000 UNDERGROUND Wolverine Pro
Slide 27: Targeted annual production of mixed RE carbonate
Targeted REO contained in mixed RE carbonate Annual production (000s kg) For personal use only Lanthanum 5.8 Cerium 15.2 Product specification available for REC Praseodymium 2.8 Neodymium 10.6 REC samples validated by several downstream separators Samarium Europium 11.4 2.4 REC suitable for solvent
Slide 28: For personal use only
For personal use only ASX:NTU << AUSTRALIAN DYSPROSIUM >> 28
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