Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (May 2011)
28 slides from Northern Minerals's investor presentation, May 16, 2011
Slide 1: Exploring High Value Heavy Rare Earths
For personal use only Exploring High Value Heavy Rare Earths Investor Presentation May 2011 George Bauk Managing Director / Dudley Kingsnorth Non Executive Director ASX: NTU
Slide 2: Important Notice
Important Notice For personal use only 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 inv
Slide 3: Company Overview
For personal use only Company Overview • High value Heavy Rare Earth projects High value HREE • Xenotime mineralisation – simple processing • Historical drilling inc 9.8m @ 1.58% TREO • Strategic 11,000km² land position Uranium • Unconformity style targets • Expanded and experience management team Q
Slide 4: Diverse “New Energy” Portfolio
Diverse “New Energy” Portfolio For personal use only
Slide 5: Capital Structure
Capital Structure For personal use only ASX Codes NTU 6 month Price Chart 1.10 NTU Ordinary Shares 173.8m* 1.00 0.90 Listed Options 0.80 0.70 NTUOA $0.20 expires 30 Sept 2012 9.2m 0.60 0.50 NTUOB $0.15 expires 31 Mar 2012 12.9m 0.40 0.30 Unlisted Options 0.20 Nov-10 Dec-10 Jan-11 Mar-11 Apr-11 Vario
Slide 6: Board & Management
Board & Management Kevin Schultz Adrian Griffin For personal use only Non Executive Chairman Non Executive Director ̶ Formerly Managing Director ̶ Specialising in mine management and – Polaris Metals production ̶ Global industry experience, ̶ Managing Director Midwinter multi commodity Resources ̶ N
Slide 7: REE - new technology, new energy
REE - new technology, new energy For personal use only
Slide 8: REE - uses
REE - uses For personal use only Electronics - Faster, lighter, smaller and more efficient Clean energy - increasing efficiency, reducing emissions
Slide 9: HREE – serious supply shortfalls
HREE – serious supply shortfalls For personal use only China produces 95% of world’s REE and 99.8% of all Heavy REE Shortage of Dysprosium (HREE in shortest supply) could limit the production of rare earth magnets HREE Supply confined to Southern China, where there are significant resource and envir
Slide 10: Demand for ‘Heavies’
For personal use only Demand for ‘Heavies’ Supply Rare Earths 2010 20151 Group China ROW China ROW2 Lights (La, Ce, Pr and Nd) 94% 6% 67% 33% Mediums (Sm, Eu and Gd) 97% 3% 89% 11% Heavies (Tb, Dy, Er and Y) 99.8% 0.2% 96% 4% (Ho, Tm, Yb & Lu not included) Notes: 1. In 2015 ROW demand will be approx
Slide 11: Rare Earth Prices
Rare Earth Prices For personal use only Gadolinium Oxide $155 Yttrium Oxide Terbium Oxide $555 Dysprosium Oxide $10.50 $6.85 Europium Oxide $85 $300
Slide 12: Browns Range Project
For personal use only Browns Range Project Northern Minerals 100% ownership and marketing rights Significant HREE discoveries confirmed in the East Kimberley in 2009 Wide spaced radiometrics identified HREE mineralisation at Browns Range Xenotime mineralisation is hosted within hydrothermal quartz v
Slide 13: Browns Range – 2010 Exploration
Browns Range – 2010 Exploration For personal use only Encouraging rock chip assay results up to 8.55% TREE Soil sampling highlights extensive HREE geochemical anomalies at the Wolverine, Gambit, Area 5 North and Area 5 prospects Rock chip analysis indicates a dominance (>85%) of high value HREE and
Slide 14: Browns Range – HREE Distribution
Browns Range – HREE Distribution For personal use only Distribution of Rare Earths* Preliminary tests indicate: Light • Majority of the rare earths 6% Gadolinium elements in the high value Samarium 6% heavy rare earths category 2% Other – Heavy Rare Earths 3% represents 86% Erbium 6% • Low radioacti
Slide 15: Processing Xenotime
Processing Xenotime For personal use only Similar mineral to monazite but much lower radioactivity (less thorium) Well understood; processed for >50 years (c.f. Guangdong, China) Potential additive to standard bastnasite/monazite feed as a sweetener to yield ‘heavies’ Multiple customers for a xenoti
Slide 16: Browns Range – Work Program
Browns Range – Work Program For personal use only High resolution airborne magnetics and radiometrics survey – Q2 2011 RC Drilling program ~ 5,000m at Area 5/Area 5 North and Gambit/Wolverine targets – Q2 2011 On-going metallurgical studies of mineralisation from the four priority drill targets – Q2
Slide 17: Future HREE Exploration Potential
Future HREE Exploration Potential For personal use only Historical reports of xenotime occurences at Mt.Mansbridge and east of The Don, on- ground follow-up required Assessment of Tanami region proximal to Birrindudu Basin for HREE potential – never systematically explored for HREE NTU dominant land
Slide 18: John Galt Project
John Galt Project For personal use only Northern Minerals has option to acquire 100% of the project Exciting REE prospect, acquired in June 2010 – granted December 2010 Regional proximity to the Browns Range HREE Project Similar geology – high value HREE in xenotime mineralisation Detailed data stud
Slide 19: John Galt – Historical Exploration
For personal use only John Galt – Historical Exploration Xenotime-hosted mineralisation at three different zones Rock chip assays up to 53.5% TREO At Gadolin prospect three radiometrically anomalous zones extend over 360m along a N-S trending fault, with rock chip assays up to 17.6% TREO
Slide 20: John Galt – Historical Drill Intersections
John Galt – Historical Drill Intersections For personal use only Fan of nine diamond drill holes for 503m from two drill sites Detailed analysis of structural controls using 3D software Every drill hole intercepted at least one mineralised zone Excellent correlation between downhole radiometrics and
Slide 21: John Galt – HREE Distribution
John Galt – HREE Distribution Historical Sampling indicate: For personal use only Distribution of Rare Earths* • Majority of the rare earths elements in the high value heavy rare earths category − Heavy Rare Earths represents 94% • Significant Yttrium, Dysprosium, Terbium, and Erbium(HREE) − Signifi
Slide 22: John Galt - Work Program
John Galt - Work Program For personal use only Further regional compilation and 3D Interpretation of data – Q2 2011 High resolution helicopter magnetics and radiometric survey - Q2 2011 Reconnaissance geological mapping - Q2 2011 Aboriginal Heritage Survey – Q3 2011 Detailed structural mapping and s
Slide 23: Uranium and Gold projects
Uranium and Gold projects For personal use only
Slide 24: Gardiner-Tanami Project
For personal use only Gardiner-Tanami Project Gardiner-Tanami Large project, multiple uranium targets 100% ownership NTU now holds rights for all minerals Gardner Range JV 60% ownership JV with Manhattan (ASX:MHC)
Slide 25: Gardiner-Tanami Drilling
Gardiner-Tanami Drilling Soma For personal use only Intersected Gardiner Sandstone / Killi Killi formation Confirms large (8km) target for high grade unconformity mineralisation Follow-up drilling in 2011, plus drilling at Mt.Mansbridge North, Mt.Mansbridge South, Oracle and Deva targets (Total 5000
Slide 26: 2011 – The Year Ahead
2011 – The Year Ahead For personal use only Schedule of Exploration Program QTR 1 QTR 2 QTR 3 QTR 4 Rebranded to Northern Minerals x Browns Range geophysics x John Galt geophysics x REE drilling at Browns Range x John Galt soils/rock chip sampling x Finalise NT tenements with T/Os x Follow up REE dr
Slide 27: Value Proposition
For personal use only Value Proposition Rare Earths Prospective High Value HREE projects Xenotime mineralisation – amenable to processing Historical Drilling incl. 9.8m @ 1.58% TREO Drilling program to commence in Quarter 2 2011 People and Partners Expanded management and geological team – specific
Slide 28: For more information
For more information For personal use only George Bauk Managing Director Suite 10, Level 2 12-14 Thelma Street West Perth WA 6005 T: +61 8 9481 2344 info@northernminerals.com.au www.northernminerals.com.au