Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Shareholder Meeting (November 2022)
21 slides from Mount Ridley Mines's shareholder meeting presentation, Nov 30, 2022
Slide 1: Mount Ridley Mines Rare Earths Project AGM Presentation
For personal use only M O U N T R I D L E Y M I N E S L T D RARE EARTHS PROJECT – November 2022 ASX: MRD AGM PRESENTATION
Slide 2: Disclaimers & Forward-Looking Statements
Disclaimers & Forward-Looking Statements For personal use only • This presentation contains forward-looking statements. Where the Company expresses or implies an expectation or belief as to future events or results such expectation or belief is expressed in good faith and believed to have a reasonab
Slide 3: Overview
Overview For personal use only Why rare earth elements. Mount Ridley's opportunity. About Rare Earth Elements The Mount Ridley REE Project The next steps
Slide 4: Why we are exploring for rare earth elements?
Why we are exploring for rare earth elements? Simple: For personal use only The world is expecting action towards limiting climate change. Climate change is widely recognized as being exacerbated by atmospheric CO2 pollution; the result of burning carbon-based fuel. One aspect of the de-carbonizatio
Slide 5: The Mount Ridley Opportunity
The Mount Ridley Opportunity For personal use only The Esperance-Southern Ocean District of WA hosts major quantities of critical REE mineralisation. Mount Ridley has tenements with an area of 3,400km2. Very widespread REE mineralisation - apparently clay-hosted. Results returned to date compare fav
Slide 6: About Rare Earth Elements
About Rare Earth Elements For personal use only • REE here refers to 14 elements plus yttrium1. • Of these, Dy, Tb, Nd, Eu, and Y are classed as critical by the US Department of Energy. Most come from China. • REEs make the world’s strongest permanent magnets, that are fundamental to the manufacture
Slide 7: About Rare Earth Elements: wind turbines
About Rare Earth Elements about For personal use only rare earths For wind turbines, a single 3MW [direct-drive] wind turbine needs 2 tons of REE4 or ~216kg of neodymium per megawatt of capacity5 (600-800kg per turbine) Western Australia generates 40% (2,740 MW) of renewable electricity 6,7 The rema
Slide 8: Mount Ridley REE Project
For personal use only Mount Ridley REE Project Drilling at Vincent
Slide 9: Near Esperance and infrastructure corridor
Near Esperance and infrastructure corridor For personal use only Located 50km northeast of the deep-water port of Esperance Adjacent to Goldfields Esperance Highway, railway and gas pipeline Near Esperance airport
Slide 10: Rare Earths Mineralisation widespread
Rare Earths Mineralisation widespread For personal use only • Mineralisation intersected in drilling >250km E-W (Cascade to Splinter) Cowalinya Newmont Circle Valley Splinter • And >60km N-S Mount (Cowalinya to Marcellus) Ridley Cascade Mount Ridley has a policy to avoid cultivated land.
Slide 11: The Mount Ridley Project: mineralisation footprint 1,200km2
The Mount Ridley Project: mineralisation footprint 1,200km2 For personal use only Drilling completed: 768 holes, 32,600m. • 520 holes > 300ppm TREO (68%) • 386 holes > 500ppm TREO (50%) Length Weighted Average Grade (>3m at 500ppm) is 1,068ppm TREO. 28km 9 prospect areas defined
Slide 12: Recent Drilling Results
Recent Drilling Results For personal use only • 23m at 3,688ppm TREO from 6m in MRAC1053 at Tyrrell’s Prospect; • 15m at 2,120ppm TREO from 15m in MRAC1234 at the Mia Prospect; • 47m at 1,521ppm TREO from 33m in MRAC0955 at the Butch Prospect; and • 12m at 2,178ppm TREO from 45m in MRAC1325 at the F
Slide 13: REO Type Breakdown
For personal use only REO Type Breakdown
Slide 14: Section through the Butch Prospect
Section through the Butch Prospect For personal use only › Section is 2.3km wide MRD announcements to ASX dated 21 October 2021, 3 August 2022, 6 October 2022
Slide 15: Section through the Mia Prospect
Section through the Mia Prospect For personal use only › Holes are 400m apart. › Section is 6.4km wide. MRD announcements to ASX dated 21 October 2021, 3 August 2022, 6 October 2022
Slide 16: Establishing the protolith
Establishing the protolith For personal use only Innovative EOH geology using Bruker Titan M4
Slide 17: The next steps: Drilling Resources Metallurgy
The next steps: Drilling Resources Metallurgy For personal use only Aircore drilling testing mineralisation throughout the 1,200km footprint. POW's in place for 100,000m of aircore drilling. Diamond drilling for metallurgical samples, mineralogy, beneficiation testing. Consulting metallurgists and l
Slide 18: Summary
Summary For personal use only The Mount Ridley Rare Earths Project has the hallmarks of being a large rare earth element deposit. The exploration model is clay hosted mineralisation. First world jurisdiction and close to infrastructure The Company is well funded and anticipates an active drilling pr
Slide 19: Corporate Summary
Corporate Summary For personal use only Board and Consultants Share Price $0.005 Shares (m) 7,350 Peter Christie Johnathon Busing Market Capitalisation (m) $36.7 Chairman Company Secretary/CFO Options (m) 1,524 25 yrs Accountant / Public and 10 yrs accounting/corporate resource sector resource secto
Slide 20: Mount Ridley Mines contact details
For personal use only M O U N T R I D L E Y M I N E S L T D +61 8 6165 8858 info@mtridleymines.com.au mtridleymines.com.au Ground Floor, 168 Stirling Hwy Nedlands, WA 6009
Slide 21: Notes
Notes For personal use only 1. REE refers to 14 rare earth elements: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), samarium (Sm), terbium (Tb), thulium (Tm), ytterbium (Yb), plus yttrium (Y)
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