Slide 1: Exploring and developing rare earths projects in Australia
Exploring and developing rare earths projects in Australia Plus, high-potential copper-gold exploration in NSW Investor Presentation, September 2020 │ Jeremy Robinson, Executive Director
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains summary information about RareX Limited (REE) and is current as of 15 September 2020. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investment or financi
Slide 3: Investment Overview
Investment Overview • Strategically located asset: 100%-owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Significant maiden JORC 2012 Rare Earths Mineral Resource: Inferred Resource of 13Mt at 1.13% TREO with 22.1% NdPr • Drilling program recently completed
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Shareholders ASX Code REE Top 20 Shareholders 40% Number of Shareholders 1,873 Share Price (14 September 2020) $0.059 Shares on Issue 356m Market Capitalisation $21.0m Net Cash $3.4m Listed Investments (14.95m TSXV:KCC) $2.6m Enterprise Value $15.0m Board and Man
Slide 5: Rare Earths
Rare Earths • Rare Earths are a group of 17 elements essential to the new world economy – 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 are critical to the manufacture of Neodymiu
Slide 6: Rare Earth Permanent Magnets (REPMs)
Rare Earth Permanent Magnets (REPMs) Electric Vehicles • Whatever the type of EV (BEV, HEV PHEV) or the power source (Li Batteries, H Fuel Cells etc) they all use REPM motors. • Each EV requires approximately 1kg to 2kg of REPM which is used in rare earth magnets forming part of an EVs electric moto
Slide 7: Rare Earths Market
Rare Earths Market • 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. • China has recently become significant importer of Rare Earths concentrates for processing – In 2019 Chin
Slide 8: Cummins Range Rare Earths Project
Cummins Range Rare Earths Project • 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 tracks. • Established min
Slide 9: Substantial Maiden JORC 2012 Resource
Substantial Maiden JORC 2012 Resource • Significant maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019 • Neodymium and Praseodymium “NdPr” content of 22.1% and ultra low thorium of 50ppm ThO2 equals premium product • Weathered carbonatite with REE mineralisation mostly
Slide 10: Low Capital Strategy
Low Capital Strategy • Rare Earth mineralogy dominated by monazite – the most SIMPLIFIED FLOWSHEET well understood Rare Earth Mineral from a processing perspective • RareX is working with industry experts to review test work and plan further optimisation to improve un-optimised concentrate grade and
Slide 11: Exploration – Weld North
Exploration – Weld North • Tenement recently granted and Programme of Work “PoW” lodged with DMIRS – Expecting to be on the ground in October • Contains a 5km wide airborne magnetic circular anomaly which RareX considers to be prospective for being caused by an REE-bearing circular carbonatite intru
Slide 12: NSW Copper-Gold Assets
NSW Copper-Gold Assets • RareX retains a 35% free-carried interest multiple projects and owns 7.2% of TSXV-listed Kincora Copper • Kincora is currently completing successful 3,800m drill program at flagship Trundle project comprising six deep holes with assays up to 51m at 1.17g/t Au and 0.54% Cu •
Slide 13: Trundle Project – 35% Free-Carried
Trundle Project – 35% Free-Carried • The only brownfield porphyry project held by listed juniors in the Macquarie Arc • Trundle is the western section of the Northparkes intrusive complex, that hosts the second largest porphyry mine in Australia • Exploration being driven by highly experienced team
Slide 14: Trundle Project – Trundle Park Target
Trundle Project – Trundle Park Target • 51m at 1.17g/t Gold and 0.54% Copper from 39m in skarn at Trundle Park • Similar in style to the Big Cadia skarn that is peripheral to the Cadia porphyry copper-gold deposits • Highly encouraging 21.5m at 0.25g/t Gold and 0.03% Copper to EOH in lower porphyry
Slide 15: Trundle Project – Further Drilling
Trundle Project – Further Drilling • Drilling to date has confirmed mineralized porphyry intrusion systems • Confirmed better widths, alteration and mineralization than previous drilling at the Trundle project • Following recent capital raise by Kincora it is fully funded for additional • 9 Holes at
Slide 16: Other Free-Carried NSW Projects
Other Free-Carried NSW Projects • Highly prospective for new undercover discoveries • Fairholme and Jemalong, located near Evolutions Cowal Gold Mine: • Condobolin – Prospective for VHMS style Base Metal and Gold Deposits • Cundumbul – located south of exciting new Boda Discovery
Slide 17: Orange East – 100% Owned
Orange East – 100% Owned • Located ~15km along strike from Regis Resources’ 2Moz McPhillamys Gold Deposit • Strong geological and geochemical similarities to McPhillamy’s including: Both hosted in the Silurian volcaniclastic rocks of the Anson Formation adjacent to the GCFZ; Both have coincident
Slide 18: Key Investment Takeaways
Key Investment Takeaways High-quality, advanced Rare Earth Project in WA Recently completed major drilling program and awaiting assays Building a portfolio of high-quality Rare Earth assets Significant exposure to NSW porphyry copper-gold exploration 100%-owned NSW gold exploration project
Slide 19: For further information, please contact
For further information, please contact: RareX Limited Media Enquiries Jeremy Robinson Nicholas Read Executive Director Read Corporate Ph: 08 6143 6720 Ph: 08 9388 1474