Arafura Rare Earths Limited · ASX:ARU

Arafura Rare Earths — Australian National University Rare Earth Conference 2022

15 slides from Arafura Rare Earths's conference presentation, Nov 1, 2022

  1. Slide 1: ASX Announcement: ANU Rare Earth Conference

    ASX ANNOUNCEMENT ANU RARE EARTH CONFERENCE 1 November 2022 For personal use only Arafura Rare Earths Limited (ASX: ARU) (“Arafura” or the “Company”) is pleased to attach a copy of its presentation delivered by General Manager- Projects, Mr Stewart Watkins, at the Australian National University Rare

  2. Slide 2: Nolans NdPr Project: Same Same but Different

    01/11/2022 Nolans NdPr Project “Same Same but Different” For personal use only 1 November 2022 Australian National University: Rare Earth Conference in collaboration with: ASPI Masterclass: Australia’s Rare Earths Strategy (ASX:ARU) 1

  3. Slide 3: Disclaimer

    01/11/2022 Disclaimer For personal use only This presentation has been prepared by Arafura Rare Earths Limited (Arafura, Arafura Rare Earths or the Company) and is of a summary form only and therefore contains general background information which may not be complete. It should be read in conjunction

  4. Slide 4: Introduction

    01/11/2022 Introduction For personal use only Long development history, like the majority of rare earths projects Every rare earth project is different so there is no cookie-cutter approach Located in the middle of the country, but not in the middle of nowhere but with single-site focus to manage ES

  5. Slide 5: Long Life Asset

    01/11/2022 Long Life Asset RESOURCES TONNES (m) RARE EARTHS TREO % PHOSPHATE P2O5 % NdPr ENRICHMENT % Geology For personal use only Measured 4.9 3.2 13 26.1 Indicated 30 2.7 12 26.4 Inferred 21 2.3 10 26.5 TOTAL 56 2.6 11 26.4 Apatite hosted and not As announced on 7 June 2017. 1% TREO cut-off grade

  6. Slide 6: Metallurgy – Driven by Geology

    01/11/2022 Metallurgy – Driven by Geology For personal use only Main RE mineralisation Apatite (50%) Sub-micron monazite inclusion in apatite (25%) 5µm to 45µm monazite & allanite Cannot physically separate RE from host apatite Simple flotation for a high phosphate concentrate followed by chemical s

  7. Slide 7: Long Life Development

    01/11/2022 Long Life Development For personal use only 1997 The beginning of Arafura Resources 2001 2003 2005-2007 2007 2007-2010 Acquired Tenements Maiden Resource ANSTO Testing on Pre-Feasibility Study Metallurgical HCl Pre-Leach with Processing in Testwork Darwin 2013 2011 2011-2012 2010-2012 201

  8. Slide 8: Technology Program Complete

    01/11/2022 Technology Program Complete For personal use only Flowsheet Pilot PHASE PHASE PHASE PHASE PHASE PHASE 1 2 3 4 5+6 + 7 BENEFICATION PHOSPHATE BULK ACID RARE EARTH RARE EARTH EXTRACTION PRE-LEACH BAKE PROCESSING SEPARATION 5,000kg high- Merchant grade 2,000kg pre-leach 4,100kg rare earth >9

  9. Slide 9: Process Flowsheet

    01/11/2022 Process Flowsheet For personal use only Simple beneficiation process Modified wet phosphoric acid process to produce high RE residue Precipitation of RE Sulphate without neutralising acid allows excess acid to be recycled to pre-leach Ce removal before solvent extraction Separation of RE

  10. Slide 10: New Plant Video

    01/11/2022 New Plant Video For personal use only Link to video (ASX:ARU) 9

  11. Slide 11: Delivering to an ESG World

    01/11/2022 Delivering to an ESG World For personal use only Nolans is the only NdPr focused project in Australia that plans to mine and process ore to oxide at a single site. In a changing world a focus on environmental responsibility has become paramount All environmental approvals have been secure

  12. Slide 12: NdPr for Magnets: Critical Component in Clean Energy Sector

    NdPr for Magnets Critical Component in Clean Energy Sector 01/11/2022 Global EV Sales (BEV+PHEV) Global Offshore Wind Outlook to 2031 For personal use only 2030 wind offshore installations will account for 30% of EV sales increased from 3.2 million in 2020 to 6.4 million in total wind installations.

  13. Slide 13: NdPr Resource Project Pipeline

    01/11/2022 NdPr Resource Project Pipeline Extra NdPr demand by 2030 of 50,0001 tonnes pa equivalent to For personal use only 11 Nolans projects NdPr Oxide Long Life High Capital High Value Intermediate Mixed RE Resource Constrained Feed into China Concentrate Mineral Early Exploration Country Risk O

  14. Slide 14: Offtake MoUs

    01/11/2022 Offtake MoU’s signed: For personal use only Hyundai Motor GE Renewable Corporation Energy 1/3 Planned Production1 under MoU with Hyundai Arafura focused on Foundation 1,000- 2940 - 1,500tpa partnerships with End Customer MoU Hyundai 3440tpa Arafura’s NdPr Non binding MoU with Remaining Ox

  15. Slide 15: Targeted Funding Structure

    01/11/2022 Targeted Funding Offtakers Structure For personal use only ECA Loans/ ECA debt and Guarantees Nolans Project guarantees will be critical but not the NAIF Commercial Debt Equity entire funding solution EFA & Other Instruments Portfolio of funding sources Offtakers Strategic Equity- Value C

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