Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Resurgence Conference (December 2021)
18 slides from Mount Ridley Mines's conference presentation, Dec 1, 2021
Slide 1: Rare Earths Project - December 2021
For personal use only RARE EARTHS PROJECT - DECEMBER 2021 ASX: MRD Resurgence Conference
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: About the Mount Ridley REE Project
Mount Ridley Rare Earths Project is showing potential to host a major quantity of critical rare earths mineralisation. about the For personal use only Mineralisation model is Ionic Adsorption Clay, thought similar to Chinese deposits. Mount Ridley 3,400km2 Tenements predominantly 100%-owned. REE Pro
Slide 4: A clean energy strategy needs rare earth elements
a clean energy strategy needs For personal use only rare earth elements As the focus on limiting climate change increases, many countries are implementing green strategies. This is increasing demand for materials used to manufacture key components. A number of these components have been identified a
Slide 5: About critical rare earth elements
critical rare future of about earth For personal use only rare earths rare earths elements REE here refers to 14 elements plus yttrium1. Critical REE2 are neodymium, praseodymium, dysprosium, terbium and yttrium REEs make the world’s strongest permanent magnets, that are fundamental to the manufactu
Slide 6: Future of rare earths: wind turbines
future out ofof about For personal use only rare earths interest 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
Slide 7: Production leaders of Rare Earths
Production leaders of Rare Earths For personal use only Critical Elements (including REE) are considered essential in the modern shift towards CLEAN ENERGY outcomes. CRITICAL REE WORLD'S PRODUCTION 67% 10%
Slide 8: Very close to key infrastructure
very close to For personal use only key infrastructure Located 35 kilometres northeast of the deep-water port of Esperance, Adjacent to Goldfields Esperance Highway, railway and gas pipeline Near Esperance airport
Slide 9: 25km by 3km or 2% of Project area drilled
25km by 3km or For personal use only 2% of Project area drilled Drilling returned elevated REE in an area 25km by 3km wide. Open in all directions. This represents 2% of the Project area! REE mineralisation hosted in Eocene- aged sediments, of the onshore Eucla (Bremmer) Basin. MRD announcement to A
Slide 10: This is what it looks like (267 holes)
For personal use only This is what it looks like (267 holes) MRD announcement to ASX dated 21 October 2021. “Encouraging Rare Earth Extraction Results”
Slide 11: Weak Aqua Regia recovery results
Winston’s Fusion Weak Aqua Regia Recovery MRAC0590: 24 to 36m 12m at 1,231 ppm TREO 12m at 1,107 ppm TREO 89.90% MRAC0593: 24 to 30m 6m at 2,006 ppm TREO 6m at 1,980 ppm TREO 98.70% MRAC0605: 36 to 47m 11m at 1,623 ppm TREO 11m at 1,488 ppm TREO 91.70% MRAC0617: 24 to 36m 12m at 1,540 ppm TREO 12m a
Slide 12: AR partial digestion shows high recovery across all REO
For personal use only AR partial digestion shows high recovery across all REO Weak Aqua Regia ("AR") is a partial digestion technique that uses an acid mix of 1 molar hydrochloric acid (HCl) and 1 molar nitric acid (HNO3). MRD announcement to ASX dated 21 October 2021. “Encouraging Rare Earth Extrac
Slide 13: Distribution of recovered rare earth oxide
Tm2O3 0.3% Yb2O3 1.8% Er2O3 2.3% Lu2O3 0.2% Ho2O3 0.8% La2O3 12.1% Gd2O3 4.9% For personal use only CeO2 18.5% Y2O3 23.9% Critical critical rare earths 50% of Mt Ridley Dy2O3 4.3% Pr6O11 4.3% REE basket Critical Tb4O7 0.7% Sm2O3 4.5% Critical Eu2O3 1.7% Critical Nd2O3 19.7% Critical DISTRIBUTION OF
Slide 14: Next steps: drilling, metallurgy, resources
drilling For personal use only Holistic approach to Heritage Flora and Fauna protection through management plan with ETNTAC (Esperance Tjaltjraak people). resources Drilling to expand footprint well beyond the current metallurgy 25 km x 3 km drilled to date. Mineralisation already known elsewhere wi
Slide 15: Corporate Summary
Corporate Summary For personal use only Board and Consultants Share Price $0.008 Shares (m) 5,641 Peter Christie Graeme Johnston Johnathon Busing Market Capitalisation (m) $45.1 Chairman Non-Executive Director Company Secretary Options (m) 2,048 25 yrs Accountant / Public and 30 yrs Geologist / Iron
Slide 16: 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 for an ionic summary adsorption clay REE –style deposit. First world jurisdiction and close to infrastructure The Company is well funded and anticipates
Slide 17: Contact Information
Contact Information For personal use only +61 8 6165 8858 info@mtridleymines.com.au mtridleymines.com.au Ground Floor, 168 Stirling Hwy Nedlands, WA 6009 MOUNT RIDLEY MINES | NOVEMBER 2021 | ASX: MRD
Slide 18: Footnotes and references
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) 2. Critical or CREO means Cr
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