Rarex Limited · ASX:REE
Rarex — The New World Tech Metals Conference 2019
15 slides from Rarex's conference presentation, Dec 12, 2019
Slide 1: Developing the Globally Significant Cummins Range Rare Earths Project
For personal use only Developing the Globally Significant Cummins Range Rare Earths Project Investor Presentation The New World Tech Metals Conference 11th and 12th December 2019
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 24th December 2019. The information in this presentation is of a general background and does not purport to be complete. This presentation is no
Slide 3: Investment Highlights
Investment Highlights For personal use only • Strategically Located Asset: RareX Limited (REE or Cummins Range Project RareX) is focused on developing its 100% owned Cummins Range Rare Earths Project located in Western Australia – a Tier 1 mining jurisdiction. • Significant Maiden JORC 2012 Resource
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure ASX Code REE Share Price (10 December) $0.042 Shares on Issue 311m Market Capitalisation $13.1m Net Cash $2.2m Enterprise Value $10.9m Board and Management Chairman Shaun Hardcastle Executive Director Jeremy Robinson Non-Executive Director S
Slide 5: What are Rare Earths?
What are Rare Earths? For personal use only • Rare Earths are a group of 17 elements essential to the new world economy. They are grouped in to Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE). • RAREX is focused on the production of LREE’s Neodymium-Praseodymium (NdPr) which ar
Slide 6: Rare Earths Market
Rare Earths Market For personal use only • China dominates production of rare earths and rare earth magnets accounting for 80% of global production representing a strategic weakness for the United States of America. • Only significant supplier outside of China is Lynas Resources Limited (ASX: LYC) –
Slide 7: Superior Location and Infrastructure
Superior Location and Infrastructure For personal use only • Tier-1 Mining Jurisdiction: Located in the Kimberley region of Western Australia. • Airstrip and Township Nearby: 130km from Halls Creek Township and Airstrip. • Good Access: Accessible via Great Northern Highway, Tanami Track and pastoral
Slide 8: Favourable Geology
Favourable Geology For personal use only • Weathered carbonatite with REE mineralisation mostly hosted within laterite horizon (same as Mt Weld). • Mineralisation from surface and flat lying on top of primary carbonatite pipe. • Metallurgical work program to commence to determine NdPr concentration.
Slide 9: Significant Maiden JORC 2012 Resource
Significant Maiden JORC 2012 Resource For personal use only • Significant Maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019. • Deposit outcrops and has dimensions amenable to low strip ratio open pit mining. • Existing Resource occupies a small portion of the Cummins
Slide 10: Substantial Exploration Upside
Substantial Exploration Upside For personal use only • No active exploration since 2011 with large part of 48.5 square km of ground remaining untested. • At least 2 NW-SW structures controlling the depth of weathering with higher grade - mineralisation remains open on these trends. • Passive seismic
Slide 11: Social License
Social License For personal use only • Cummins Range is located in the Tier-1 mining jurisdiction of Western Australia situated on Jaru land. • RareX takes its social, environment and corporate governance responsibilities very seriously and has adopted an inclusive approach with stakeholders as it d
Slide 12: Low CAPEX Strategy
Low CAPEX Strategy For personal use only • Rare Earth mineralogy dominated by monazite – monazite is the most well understood Rare Earth Mineral from a ……and most expensive processing perspective. • RareX is engaging industry experts to review test work and plan further optimisation to improve un-op
Slide 13: Acquisition of Weld North Project
Acquisition of Weld North Project For personal use only • RareX has applied for a tenement called Weld North approximately 84km north of Mt Weld. • 5km wide airborne magnetic circular anomaly which RareX consider to be prospective for being caused by a REE- bearing circular carbonatite intrusive com
Slide 14: Upcoming News Flow
Upcoming News Flow For personal use only Shareholders meeting to Move to 100% Ownership of Sept Qtr 2019 approve placement Cummins Range Dec Qtr 2019 Maiden JORC 2012 Resource Passive Seismic Survey Mar Qtr 2020 Maiden Drill Program Resource Expansion Drilling Commencement of Jun Qtr 2020 Assay Resu
Slide 15: For personal use only
For personal use only Jeremy Robinson Executive Director RAREX Limited info@rarex.com.au +61 8 6143 6720