Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Investor Presentation (March 2022)
20 slides from Mount Ridley Mines's investor presentation, Mar 9, 2022
Slide 1: ASX Announcement: MRD Presentation, Stockhead Battery Metals Virtual Conference
ASX ANNOUNCEMENT MRD PRESENTATION STOCKHEAD BATTERY METALS VIRTUAL CONFERENCE 9 March 2022 Mount Ridley Mines Limited (“the Company”) is pleased to advise that its Technical Manager, David Crook, presented to the Stockhead Battery Metals Virtual Conference. A copy of the presentation is attached to
Slide 2: Rare Earths Project – General Presentation, March 2022
M O U N T R I D L E Y M I N E S L T D RARE EARTHS PROJECT – March 2022 ASX: MRD General Presentation
Slide 3: Disclaimers & Forward-Looking Statements
Disclaimers & Forward-Looking Statements • 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 reasonable basis. However, “fo
Slide 4: Peers and Value Proposition
Ionic Rare Earths: (ASX: IXR) 51-60% project equity Makuutu Project: 66Mt at 820 TREO Market Cap $198M PEERS and Australian Rare Earths: (ASX: AR3) Value Koppamurra Project: 40Mt at 725 TREO Proposition Market Cap $61M (down from >$100M) American Rare Earths: (ASX: ARR) La Paz Project: 128Mt at 370
Slide 5: About the Mount Ridley REE Project
Mount Ridley Rare Earths Project is showing potential to host a major quantity of critical rare earths mineralisation. Mineralisation model is Ionic Adsorption Clay, about the thought similar to Chinese deposits. Mount Ridley 3,400km2 Tenements predominantly 100%-owned. REE Project Mineralisation is
Slide 6: A clean energy strategy needs rare earth elements
a clean energy strategy needs 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 as Critical Raw Materia
Slide 7: About critical rare earth elements
critical rare future of about earth rare earths rare earths elements REE here refers to 14 elements plus yttrium1. Critical REE2 are neodymium (l), praseodymium (l), dysprosium (h), terbium (h) and yttrium Photo DAVID MACK / Getty Images
Slide 8: Future out of rare earths
future out ofof about rare earths interest rare earths REEs make the world’s strongest permanent magnets, that are fundamental to the manufacture of electric generators and hybrid vehicle power systems eg 3. For wind turbines, a single 3MW [direct-drive] wind turbine needs 2 tons of REE4 or ~216kg o
Slide 9: Production leaders of rare earth
PRODUCTION LEADERS OF RARE EARTH Critical Elements (including REE) are considered essential in the modern shift towards CLEAN ENERGY outcomes. CRITICAL REE WORLD'S PRODUCTION 67% 10%
Slide 10: Very close to key infrastructure
very close to 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 11: 25km by 3km or 2% of Project area drilled
25km by 3km or 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 ASX dated 21 October 20
Slide 12: This is what it looks like (267 holes)
This is what it looks like (267 holes) MRD announcement to ASX dated 21 October 2021. “Encouraging Rare Earth Extraction Results”
Slide 13: High recoveries from AR partial digestion test
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 14: AR partial digestion shows high recovery across all REO
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 Extraction Results”
Slide 15: Critical rare earths 50% of Mt Ridley REE basket
Tm2O3 0.3% Yb2O3 1.8% Er2O3 2.3% Lu2O3 0.2% Ho2O3 0.8% La2O3 12.1% Gd2O3 4.9% 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 RECOVERED RARE EARTH O
Slide 16: Drilling, resources, metallurgy
Holistic approach to Heritage Flora and Fauna protection through drilling 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 within the Bremmer Basin
Slide 17: Corporate Summary
Corporate Summary 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/CFO Options (m) 2,048 25 yrs Accountant / Public and 30 yrs Geologist / Iron, Gold and 10 yrs
Slide 18: Summary
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 an active drilling pro
Slide 19: Contact Information
Contact Information +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 20: Notes
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
Mount Ridley Mines — Investor Presentation (March 2022) on 6ix