Northern Minerals Limited · ASX:NTU
Northern Minerals — Conference Presentation (November 2016)
28 slides from Northern Minerals's conference presentation, Nov 15, 2016
Slide 1: November 2016 Northern Minerals
For personal use only NOVEMBER | 2016 | ASX: NTU
Slide 2: Important notice
Important notice This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to
Slide 3: NTU share price
For personal use only 08-August-2016 08-September-2016 08-October-2016 08-November-2016 $0.20 $0.18 $0.16 $0.14 NTU share Price $0.12 $0.10 $0.08 $0.06 $0.04 $0.02 $-
Slide 4: Focussed and Resilient
For personal use only Market cap $8m > $9IM ™~ Shovel ready project Powering Technology. Focussed and Resilient ASX listed 15 November 2006 ~ discovery Rare earths focus since 2010 3 founding directors 7 still on Board Major rare earths ao
Slide 5: For personal use only
For personal use only
Slide 6: Climate change is the No. 1 global issue
Climate change is the No. 1 global issue With 13th Five-Year Plan, China Sets Stronger 2020 Carbon Intensity Target Reduction of China's carbon intensity from 2005 levels 2020 2020 Copenhagen 13th FYP oy 2006 «2007 2008 2009 2010 2011 2012 2013 2014 2015* Pledge Goal | ~ a lJ 14% 18% -25% 21% 22% 26
Slide 7: Permanent magnets explained
Permanent magnets explained Powering Technology. NdDyFeB permanent magnets are used by major electric vehicle and wind turbine makers Dysprosium enhances magnetic properties at higher temperatures Permanent magnets account for 25% of rare earth demand in tonnes and 80% in value As a result of climat
Slide 8: Chinese carmakers to dominate EV production
Chinese carmakers to dominate EV production . COC ; et @reren BAIC Group (z) ZS REE CHERY @&, (rn) ~\ CHANGAN G © 2 Oo Hasma cfs fe DEM JAC 3 lay a wn OD 2 ke a~b .) Powering Technology. ga
Slide 9: Policies driving EV growth and dysprosium demand
40M 35% EV vehicles of total car sales pa by 2040 By 2040 CLIMATE # COMPARE Policies driving EV EV & conventional growth motivation vehicle costs comparable by 2022 DEMAND All points to increased Dy demand
Slide 10: 50% of all energy is consumed by motors
50% of all energy is consumed by motors You’ve probably used half a dozen before you even get in a car The focus of the future is making motors more efficient Powering Technology. ao
Slide 11: Recent news stories
Recent news stories THE Wind ~ 2 are earth industry? E T | will permanent magnets save the fi | Tnvember?, 2016 Baud Dvorak: DComments t : aaa a Mining Journal Rare earths set for boost nce in the next 24.niont hss sighiuims nay stil be th gy mictals 1ou0t, pot rareeeith elements are set fora resure
Slide 12: Positioned for success
Positioned for success SIMPLE MINERALOGY 30 X upgrade eunua} aundes dIHSYANMO %OOL NORTHERN MINERALS Powering Technology.
Slide 13: Browns Range Dome: under explored
7920) 790) Browns Range Dome: under explored AREA 5 +7900) CYCLOPS. 0 mE WOLVERINE GAMBIT/GAMBIT WEST BANSHEE © 5 10 15 200m et hale. [sented Tenement [Tenement Application [] Macetaneous Ucences Powering Technology. * The potential quantity and grade of the Exploration Target is conceptual in natur
Slide 14: For personal use only
For personal use only Source: David Gray/Reuters
Slide 15: For personal use only
For personal use only • • • • • • • • • • • •
Slide 16: Funding secured, pre-commitment work under way on Pilot Plant
@ Funding secured, pre-commitment work under way on Pilot Plant $30 million equity investment secured from Huatai Mining following FIRB approval $12 million received to date Second and third tranches of $9 million each due before the end of November and December respectively $3.4 million pre-commitm
Slide 17: Pilot plant objectives
Powering Technology. TEST mine and process NEW NEW Dy @ MARKET M§KNOWLEDGE source to knowledge corporate market and penetration and operational BFS DE-RISK full scale project key inputs
Slide 18: Pilot plant mine and process summary
Powering Technology. MINE 180,000t @ 1.19% TREO RECOVER @ PRODUCE CAPITAL 49,400kg AUD$28 million dysprosium in plant only 573,000kg concentrate 81% overall recovery CONSTRUC SCALE 11 months from 10% of full funding throughput
Slide 19: For personal use only
For personal use only
Slide 20: For personal use only
For personal use only
Slide 21: Browns Range Pilot Plant timeline
Browns Range Pilot Plant timeline EARLY WORKS ($3.4m) Camp extension Water borefield Detailed engineering Drilling CORPORATE Financing Offtake EPC/M Contracts FINAL INVESTMENT DECISION Mining & Civils PLANT Construct Offsite Install Commission Powering Technology. Q4‘16 Q1I‘17 ; Q2‘17 ,; Q317 , Q417
Slide 22: Rapidly approaching our goal to become the first significant dysprosium producer outside of China
Rapidly approaching our goal to become the first significant dysprosium producer outside of China N NORTHERN
Slide 23: Appendices
For personal use only APPENDICES N NORTHERN MINER. ALS
Slide 24: For personal use only
For personal use only • • • • • • • • • •
Slide 25: Mining and production
For personal use only Mining and production RE [ Precipitation (Sodium Carbonate) Filtration lon —— MINING M : ; z I l [—— BENEFICIATION process flowsheet Sr =i Wet Magnetic fo) i) Separation Flotation roMon ‘at | po: Crushing ae Ub Milling Tails Fiitration (I) | | (TTT ON re Mineral Tailings Storag
Slide 26: Expanding the product offering: toll treat SX and metal
Expanding the product offering: toll treat SX and metal I} Upstream | 1 | Midstream {| Downstream | Oxide Alloy and Component End-use Beneficiatic Hydrometallur: S ti a - 9y Cpele ae) to metal magnet manufacture manufacture manufacture Produced at Browns Range J r Mixed Separated Dy to metal carbona
Slide 27: Mineral Resource and Ore Reserve
For personal use only TREO Dy2O3 Y2O3 Tb4O7 Ore kg kg kg kg Deposit Classification kg/t kg/t kg/t kg/t Tonnes contained contained contained contained TOTAL1 Probable 3,750,000 7.03 26,375,000 0.61 2,294,000 4.07 15,266,000 0.09 335,000 TREO Dy2O3 Y2O3 Tb4O7 HREO TREO Deposit Category Mt % kg/t kg/t
Slide 28: Notes: TREO definition
For personal use only Figures may not add due to rounding TREO = Total Rare Earth Oxides- Total of Dy2O3,La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
Northern Minerals — Conference Presentation (November 2016) on 6ix