Rarex Limited · ASX:REE
Rarex — Shareholder Meeting (November 2024)
22 slides from Rarex's shareholder meeting presentation, Nov 29, 2024
Slide 1: Exploring for and Engineering carbonatites
RareX ASX: REE rarex.com.au Exploring for and For personal use only Engineering carbonatites Exploring Australian RE-Nb targets District scale RE-Nb project and bullseye RE-Nb projects acquired, heavy RE project readied Engineering Cummins Range RE-P Nb RE P Focused on a stand-alone start-up sta
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements For personal use only Investor Relations This presentation contains summary information about RareX Limited (REE) and is current as of 29 November 2024 and is authorised for release by the Board. The information in this Competent Person’s Statement - Geolog
Slide 3: Exploring and Engineering Carbonatites
Exploring and Engineering Carbonatites Managing risks for a return in value once the head-winds turn 1 Improved and de-risked 2 Improving metals and For personal use only asset base market sentiment Engineering out risk at Cummins Range Protracted suppressed capital market Focus on simplified, sta
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Rare Earth prices appear to have bottomed ASX Code REE Share Price (25 Nov 2024) A$0.011 For personal use only Shares on Issue 800M Market Capitalisation (25 Nov 2024) A$8.8M Share Price Information NdPr Oxide Pricing ASX: REE (AUD/share) Asian Metals, EXW Chin
Slide 5: Peer Group Comparison
Peer Group Comparison A challenging period for all Low risk appetite has prevailed Limited high-risk-high-reward capital 12-Month ASX peer group share price performance Poor critical metals market backdrop For personal use only Negative media pressures sentiment -62% -65% Global trends favoura
Slide 6: A Year Requiring Internal Risk Mitigation
A Year Requiring Internal Risk Mitigation Against external market headwinds Challenges 2024 Solutions 2024-2025 External Internal For personal use only Junior Market Corporate level cost control and business rationalisation Sentiment Board simplification Low appetite for higher Reduced 3rd par
Slide 7: Cummins Range Project
Cummins 1 Range Weak RE prices (turning?) Temporary reduction in rare earth metallurgy - not yet solved For personal use only for all geological domains Project Focus on phosphate metallurgy using alternative methodology Aiming for a phosphate optimised process solution for a standalone Stage-
Slide 8: Exploration Projects
Exploration Projects 1 Mts Mansbridge HRE system For personal use only Xenotime mineralised system All basement Killi Killi Formation pegged and Heritage complete Heavy rare Earths from surface, close to Browns Range Exploring Australia for carbonatites Incorrect drilling orientation and rare
Slide 9: Expanding
Expanding 1 East Africa Opportunities Rationale For personal use only Local knowledge and connections Rift valley geology Indian Ocean Rim Expanding by homing in on specific To-Date projects in targeted jurisdictions Project targets identified Local and international advisory on-boarded So
Slide 10: Planned Milestones 2025
Planned Milestones 2025 Based on our current asset portfolio with potential new acquisition upside Cummins Range Exploration Expanding For personal use only RE-P Nb-RE Opportunities Revised plan – focussed on Revised priorities for improved Confidential activities for standalone phosphate startup mi
Slide 11: Strong In-House Capability
Strong In-House Capability Explore, Engineer, Expand James Durrant Chief Executive Officer Jeremy Robinson Non-Executive Chairman For personal use only Mining and Mechanical Engineer with nearly 20 years Fund raising, Strategy, across Tier 1 operations and Corporate Development junior company projec
Slide 12: Board of Directors
Board of Directors Jeremy Robinson – Non-Executive Chairman Engage Via James Durrant – Managing Director Danny Goeman – Non-Executive Director For personal use only Shaun Hardcastle – Non-Executive Director Company Secretary Investor Oonagh Malone Chief Executive Officer James Durrant Hub RareX HQ L
Slide 13: Appendix
For personal use only Appendix
Slide 14: Engineering - Cummins Range Stage-1
Bulk Loading Facility access Ap. 1 - Engineering 4Ha industrial land option Cummins Range Wyndham Port Metal price headwinds Stage-1 as a standalone require new thinking For personal use only Kununurra 1. Pause RE research and Scoping Study1 forms the basis engineering NPV8 post-tax: AU$ 333M
Slide 15: Exploration - Cummins Range near-mine anomalies
Ap. 2a - Exploration Cummins Range near-mine anomalies Rare Earths Project information Exploration Plan For personal use only Known anomalies remain untested Simple programme on familiar site with approvals in place Current HG resource1: 44Mt at 1.02% TREO and 5.8% P2O5 Geophysics completed and
Slide 16: Exploration - Mt Mansbridge Heavy Rare Earths
App. 2b - Exploration Mt Mansbridge Heavy Rare Earths Project information Exploration Plan For personal use only Xenotime mineralised system near Simple programme on brownfield site Browns Range in Killi Killi formation as soon as tenement granted Pre 2021 focus was unconformity Desk-top deep di
Slide 17: Exploration - Khaleesi alkaline intrusive complex
Ap. 2c - Exploration Khaleesi alkaline intrusive complex Niobium Rare Earths Project information Exploration Plan For personal use only 20km diameter carbonatite district in Simple programme on familiar site highly fertile Eastern Yilgarn craton with approvals in place Newly discovered, nicely fau
Slide 18: Exploration - Piper Project
Ap. 2d - Exploration Piper Project Niobium Rare Earths Project information For personal use only Niobium-rare earths carbonatite pipe target in the Aileron Province Northern Territory 170km along strike from Nolans Bore REE deposit 2.5km magnetic bulls eye anomaly under 100-200m of Neoproterozoi
Slide 19: Exploration Schedule
Ap. 3 - Exploration Schedule Prioritisation in order of consideration for license status, approvals process under heritage agreements and seasons QUARTER Q1 2025 Q2 2025 Q3 2025 Q4 2025 For personal use only MOUNT MANSBRIDGE Permits Surveys Geochem/Geophys Drilling Reporting CUMMINS RANGE Permits Su
Slide 20: Journey of RareX
Ap. 4 - Journey of RareX Driven by a fundamental belief in the electrification revolution RareX ’18 Mineral ’21-’22 Approvals ’24 Acquisition ’24 Foundation Resource growth Cummins Range For personal use only Piper Nb-RE Built on the fundamental Australia’s largest un- Environmental approvals Bull
Slide 21: Niobium Market
Ap. 5 - Niobium Market Steel and super-alloys Niobium is a hot market Critical metal Need for niobium follows steel WA1 Resources - 500% share price Concentrated supply (~75%) and super-alloys growth over 1 year3 For personal use only Niobium market growth projected at 9.92% CAGR [2024 - 2
Slide 22: Rare Earths Market
Ap. 6 - Rare Earths Market Demand growth Clean energy revolution Advanced RE projects 2 x growth by 2035 3 x growth by 2050 EVs and wind turbines attract big money EU Net zero ambition by 2050 – Australia: A$1.25b to ILU9, A$533m For personal use only $3.8T investment by 20501 to ARU10, A$