Northern Minerals Limited · ASX:NTU
Northern Minerals — Metal-Pages, Shanghai (September 2013)
21 slides from Northern Minerals's conference presentation, Sep 13, 2013
Slide 1: Metal-Pages, Shanghai – Browns Range HRE Project
ASX:NTU For personal use only Metal-Pages, Shanghai Browns Range HRE Project George Bauk 13 September 2013 Managing Director / CEO
Slide 2: Important Notice
Important Notice This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). It should not be considered as an offer or For personal use only invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or inv
Slide 3: Agenda
Agenda For personal use only Dominance of Heavy Rare Earths Competitive Advantage beneficiate 25 times Exploration potential Browns Range Funding strategy in progress 3
Slide 4: Dominance of Heavy Rare Earths
Dominance of Heavy Rare Earths For personal use only • Xenotime (YPO4) is the dominant rare earth mineral • Silica is the dominant gangue mineral at 80% of the host rock • Superior beneficiation (25 x upgrade) to produce a high grade mineral concentrate • Xenotime and the host rock are the key! Base
Slide 5: Competitor Comparison
Competitor Comparison For personal use only Note: Values represent $US/kg based on the Metal Pages China FOB price as of June 7 2013. In-situ values are for comparison purposes only and make no assumption with respect to grade or recovery. LRE: La2O3, CeO2, Pr6O11, Nd2O3 HRE: Sm2O3, Eu2O3, Gd2O3, Tb
Slide 6: Delivering on promises made
Delivering on promises made For personal use only • Identified HRE mineralisation at Browns Range 2010 • Acquisitions included John Galt and Browns Range NT • Completed first metallurgical test on Browns Range • Drilling confirms HRE at Wolverine, Gambit and Area 5 2011 • Flowsheet developed, low ca
Slide 7: Browns Range Competitive Advantage
Browns Range Competitive Advantage For personal use only * Wolverine JORC compliant resource grade 7
Slide 8: Conventional Process Components
Conventional Process Components For personal use only 8
Slide 9: Focussing on Optimising Flowsheet
Focussing on Optimising Flowsheet Beneficiation circuit For personal use only • Characterisation and preliminary bench scale testwork completed • Optimisation testwork underway on two potential process routes: o WHGMS rougher/scavenger followed by cleaner flotation. o Whole of ore flotation. • Targe
Slide 10: Licence to Operate
Licence to Operate For personal use only • Stakeholder engagement plan developed and implemented with first stage local community forums completed • Employing people from local communities of Ringer Soak and Halls Creek • Commenced Cultural Awareness Training and also agreement discussions with the
Slide 11: Pathway to Production
Pathway to Production 2013 2014 2015 2016 For personal use only JORC Resource Drilling Mining Lease & Land Access Primary Environmental Assessment (EPA) Secondary Approvals (DMP, DEC, DoW etc) Metallurgy Test work Scoping Study Pre-feasibility Study Feasibility Study Off-take Agreements Funding & De
Slide 12: Browns Range Dome
Browns Range Dome For personal use only • Northern Minerals 100% ownership and marketing rights (excluding Toro JV tenements where NTU earning up to 80%) • The dome is a major geological feature covering 1,500km2 (60km x 30km) –HRE mineralised faults/breccias probably developed during late stages of
Slide 13: 2013 Targeting 200% increase in Resource
2013 Targeting 200% increase in Resource Current resource For personal use only Prospect/Deposit (t TREO) 2013 activities 10,500 (resource RC and diamond drilling completed in June and July – Wolverine upgrade in resource upgrade in October 2013. Further deep drilling October 2013) commenced in Augu
Slide 14: Wolverine Resource
Wolverine Resource For personal use only Category Mt TREO Dy2O3 Y2 O 3 HREO TREO % ppm ppm % Tonnes Indicated 0.90 0.82 728 4,739 89 7,400 Inferred 0.54 0.57 495 3,185 81 3,100 Total1 1.44 0.73 640 4,153 84 10,500 1 Rounding may cause some computational discrepancies Average U3O8 of 26ppm and averag
Slide 15: 2013 Drilling Results
2013 Drilling Results Results indicate high grade mineralisation at Wolverine with mineralisation open at depth (down to at least For personal use only 300m) and has continuity on a westerly plunge at depth From To Interval TREO % Dy2O3 (kg/t) Y2O3 (kg/t) (m) (m) (m) 298 319.5 21.5 3.17 2.94 19.69 3
Slide 16: John Galt HRE Project
John Galt HRE Project For personal use only • Rock chip samples up to 42% TREO with approximately 95% Heavy REO • Preliminary metallurgical tests indicate excellent recovery rates (>90%) with potential for concentrate grades >40% • High grade mineralisation in talus (scree) material – hard-rock sour
Slide 17: Capital Structure
Capital Structure For personal use only ASX Code: NTU AUD Ordinary Shares 356M* Major Shareholders Unlisted Options and Performance Rights 54M# ^ Conglin Yue & Assoc 38.8% Market Capitalisation (as at 5 September 2013 @ $0.185) $66M Lynas Corporation 4.2% Balance Sheet Board & Management 3.5% Cash (
Slide 18: Funding Update
Funding Update For personal use only Placement Complete February 2013 $4M Rights Issue - $18M received to date September 2013 $26M Sale of Browns Range* - 16% sale agreement TBC $26M^ - 20% offtake agreement - Joint Venture agreement Sale of Gold Assets* TBC $2M $58M# * Subject to JV partner approva
Slide 19: Funding Through to Decision to Invest
Funding Through to Decision to Invest For personal use only Source of Funds Application of Funds 2013 and 2014 2013 and 2014 AUD AUD 1. Placement – 18.8M shares $3.8M 1. Geological/Exploration – Browns Range $14.0M 2. Rights Issue# $26.6M 2. Engineering/Infrastructure/Mining Studies $12.2M 3. Sale o
Slide 20: Second Half 2013 – Key Events
Second Half 2013 – Key Events For personal use only Drilling Results Ongoing Stage 1 continuous hydromet September PFS commences September Bulk sample collected (100t) September Updated JORC resource October Water supply study November Larger beneficiation pilot November Scoping Study December 20
Slide 21: Summary
Summary For personal use only Dominance in Heavy Rare Earths 8% Dysprosium Competitive Advantage outstanding beneficiation 25 times Browns Range the new province of HRE Funding strategy Bench scale semi-continuous hydrometallurgy – August 2013 in progress 21
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