Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — 121 London Mining Investment Conference (November 2023)
28 slides from Ionic Rare Earths's conference presentation, Nov 21, 2023
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy
ASX: IXR For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy 121 London Mining Investment Conference IONICRE.COM.AU November 2023
Slide 2: Cautionary Statement
Cautionary Statement IMPORTANT NOTICE AND DISCLAIMER For personal use only This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide
Slide 3: Securing Critical Elements for the New Economy
Securing Critical Elements for the New Economy HARNESSING OUR TECHNOLOGY TO ACCELERATE MINING, REFINING AND RECYCLING OF For personal use only MAGNET AND HEAVY RARE EARTHS CRITICAL FOR ENERGY TRANSITION, ADVANCED MANUFACTURING, AND DEFENCE Mining Refining Recycling Rare Earths Rare Earths Rare Earth
Slide 4: IonicRE is on the cusp of a re-rate via de-risking Makuutu / IonicTech
IonicRE is on the cusp of a re-rate via de-risking Makuutu / IonicTech Val. Sentiment Inventory based (EV / Resource) DCF (NAV) EV / EBITDA CAPITAL STRUCTURE (as @ 17/11/2023) method: For personal use only Shares Outstanding 3,956,104,920 Commodity price risk 140,000,000 Construction risk Total Opti
Slide 5: The Importance of Rare Earths
The Importance of Rare Earths MAGNET REO’s DRIVE THE EV REVOLUTION AND THE OFFSHORE WIND ENERGY GENERATION THEMATIC For personal use only • Magnet Rare Earths driving demand – Nd, Pr, Dy and Tb Nd, Pr are light REEs used in Permanent magnets Dy, Tb are heavy REEs used in Permanent magnets • Dy,
Slide 6: Existing Chinese Supply – LREE quotas ramp up, no new supply of DyTb
Existing Chinese Supply – LREE quotas ramp up, no new supply of DyTb CHINA INCREASING HARDROCK LREE MINED SUPPLY, IAC HREE SUPPLY QUOTA REMAINS STEADY For personal use only • Global supply of HREE is dominated by China and Myanmar, albeit China has constrained domestic production to promote longevit
Slide 7: European Critical Raw Materials Act (CRMA) – The Race is On!
European Critical Raw Materials Act (CRMA) – “The Race is On!” EUROPEAN COMMISSION’S CRITICAL RAW MATERIAL ACT TO UTILISE GLOBAL GATEWAY INSTRUMENT, A €300 BILLION INITIATIVE AIMED AT COUNTERING THE CHINESE BELT AND ROAD INITIATIVE For personal use only • The Act identifies a list of strategic raw m
Slide 8: Rare Earth Supply Chain – Alternate Capacity Requires Investment
Rare Earth Supply Chain – Alternate Capacity Requires Investment SUSTAINABLY SOURCING THE MOLECULES WILL REQUIRE DEVELOPING ALTERNATIVE CAPACITY GLOBALLY For personal use only REE Mining1 REE Processing1 REE Metals1 REE Magnets1 REE Recycling2 Australia Malaysia EU Japan EU Japan ROW ROW Myanmar 9%
Slide 9: REE Supply Chain and IonicRE Integration
REE Supply Chain and IonicRE Integration IONICRE ADDING PRIMARY AND SECONDARY SOURCED CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS For personal use only Long loop recycling to take metal and magnet back to high purity, separated magnet REOs Mining and processing to produce value
Slide 10: Makuutu Rare Earths Project – Stage DFS
For personal use only Makuutu Rare Earths Project – Stage 1 DFS Low Capital, Modular, Ionic Adsorption Clay Project Makuutu received Flagship Project status in October 2022 due to its significance to the Uganda’s development IONIC RARE EARTHS
Slide 11: Ionic Adsorption Clay allows for faster development timelines, reduced capex
Ionic Adsorption Clay allows for faster development timelines, reduced capex Rare Earth Deposit Types and Peers requirements and a higher value product Ionic Adsorption Clay Hard Rock For personal use only Southern China and Myanmar dominate supply, with general scarcity elsewhere High productio
Slide 12: Tier-One Infrastructure already there – supports low CAPEX Development
Tier-One Infrastructure already there – supports low CAPEX Development EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT For personal use only IONIC RARE EARTHS (ASX: IXR) PAGE 12
Slide 13: Makuutu Stage DFS Results BASE CASE
Makuutu Stage 1 DFS Results BASE CASE RL 1693 only Stage 1 Life BASE CASE LAYS FOUNDATION, EXTENSION OF LIFE POTENTIAL REMAINS 35 Years For personal use only • The Mining Licence Application (MLA) (**Pending) over Retention Licence 1693 (Application TN03834) EBITDA focuses on the Stage 1 DFS and pro
Slide 14: Makuutu Mineral Resource Estimate
Makuutu Mineral Resource Estimate Stage 1 ML Pending MAKUUTU MRE CURRENTLY >500 MILLION TONNES, FOCUS FOR MLA ON MAKUUTU CENTRAL ZONE (RL 1693 Application TN03834) For personal use only JORC Makuutu MRE1 of 532 million tonnes @ 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade of 200 pp
Slide 15: Phase Drill Program – Progressing Growth at Makuutu
Phase 5 Drill Program – Progressing Growth at Makuutu Phase 5 RAB drilling on EL00147, EL00257 and RL00007 completed. Core drilling on RL00007 completed, assays For personal use only pending RAB drilling on EL00147 reported 43 of 45 holes validating 2021 RAB drilling – now 66 of 70 holes on this tar
Slide 16: Makuutu Basket – Value Driven by Magnet & Heavy REOs
Makuutu Basket – Value Driven by Magnet & Heavy REOs REO Basket by Composition REO Basket by Value For personal use only Yb2O3 Lu2O3 Y2O3 La2O3 CeO2 0.3% 2.0% 4.5% 0.2% 0.1% Tm2O3 Pr6O11 La2O3 1.8% 9.1% 17.8% Er2O3 La2O3 1.2% La2O3 Y2O3 26.5% CeO2 Ho2O3 CeO2 1.9% Pr6O11 Pr6O11 Nd2O3 Nd2O3 Sm2O3 Sm2O
Slide 17: Makuutu Demonstration Plant
For personal use only Makuutu Demonstration Plant Progressing • Technical facility erection progressing with construction completion expected late November 2023 • Phase 1 equipment in transit now from Perth ETA November, commissioning Dec • First MREC, Q1 2024 • Phase 1 to include 6m columns and c
Slide 18: ESG initiatives advancing at Makuutu
ESG initiatives advancing at Makuutu ESG FRAMEWORK TO BUILD LASTING LEGACY, DEFINING PATH TO NET ZERO CARBON RARE EARTH FOOTPRINT For personal use only Environmental and Social Impact Rehabilitation to consider development Working together to build a future Community socio-economic baseline Assessme
Slide 19: Makuutu – Poised to Supply 'New Economy' Demand
Makuutu – Poised to Supply ‘New Economy’ Demand THE MOST ADVANCED IAC PROJECT GLOBALLY, WITH PRODUCT AVAILABLE FOR WESTERN CUSTOMERS For personal use only Project Location Mineral Scoping Study Pre-Feasibility Ore Reserve Definitive Demonstration Environmental Mining Licence Offtake Final Target Fir
Slide 20: Next Steps & Work Plan
Next Steps & Work Plan for next 12 months at For personal use only Makuutu • Mining Licence award for RL 1693 • Update to Exploration Target (~Q4, 2023) and define future growth potential • Update MRE (Q1 2024) to include upgraded classification on RL 00007 to support next MLA area (Nov 2024) • Demo
Slide 21: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling A leader in rare earth separation, refining and recycling For personal use only Ionic Technologies is our patented magnet recycling technology company based in Belfast UK. Technology developed within Queens University Belfast (QUB) Unique recycling technol
Slide 22: Ionic Technologies' Technology
Ionic Technologies’ Technology For personal use only Ionic Technologies has developed rare earth element separation and refining technology, applying this to the recycling and refining of individual magnet rare earths from spent permanent magnets. Magnet crushing Digestion Separate base Our process
Slide 23: Rare Earths for Life
For personal use only RECYCLING Rare Earths for Life Forming collaborative platforms to secure a domestic supply of rare WIND earth metals globally ALLOY TURBINES Ionic Technologies’ recycling technology enables the manufacture of high specification magnets Sustainability using recycled rare earths,
Slide 24: Ionic Technologies Demonstration Plant
Ionic Technologies Demonstration Plant Our Demonstration Plant officially opened For personal use only September 2023 where 2 new grants and strategic partnerships announced Plan to commence 24/7 operation in January 2024 • Ionic Technologies will process both end of life magnets (waste) and swarf,
Slide 25: Rare Earth Supply Chain – The unlock through Ionic Technologies
Rare Earth Supply Chain The unlock through Ionic Technologies For personal use only Via Ionic Technologies, IonicRE is engaging now with key supply Long loop recycling to take metal and magnet back to chain partners3 on value addition and developing commercial high purity, separated magnet REOs rela
Slide 26: IonicRE Activity Ramping Up Year-on-Year
IonicRE Activity Ramping Up Year-on-Year VALUE UNLOCKED THROUGH ACCELERATED WORK PROGRAMS AT MAKUUTU & IONIC TECHNOLOGIES 2023 For personal use only 2023 Catalysts to Unlock Further Value 2022 Makuutu DFS Released Moved to 60% ownership of Rwenzori Rare Metals (Makuutu 2021 Completed Acquisiti
Slide 27: IonicRE Value Proposition
IonicRE Value Proposition “With current global heavy rare earth oxide production increasing just • DIRECT EXPOSURE TO RARE EARTHS MARKET GROWTH For personal use only marginally each year and the outlook for Myanmar (miner of 40% of the world’s • IONIC TECHNOLOGIES ENTRY INTO A CIRCULAR ECONOMY FOR
Slide 28: Ionic Rare Earths Limited
For personal use only ASX: IXR Ionic Rare Earths Limited Level 5 South 459 Collins Street Melbourne, Victoria, 3000, Australia www.ionicre.com.au investors@ionicre.com T +61 3 9776 3434 IONIC RARE EARTHS PAGE 28
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