Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (September 2018)
27 slides from Northern Minerals's investor presentation, Sep 13, 2018
Slide 1: Heavy Rare Earths Producer
Heavy Rare Earths Producer September 2018 Presented by George Bauk 1
Slide 2: Disclaimer
Disclaimer 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 invitation with respect to thos
Slide 3: Value proposition
Value proposition Globally significant Enhancement initiatives 01 Browns Range is the only non- 04 Several projects underway, including Chinese producer of dysprosium ore sorting, to increase value Electric vehicle growth Exploration upside 02 Dysprosium is a key ingredient in 05 New discoveries at
Slide 4: Corporate leadership
Corporate leadership Our people embody the Northern Minerals SPIRIT, a culture of continually striving to deliver exceptional outcomes, leadership and improvements. George Bauk, MD/CEO Robin Wilson, Expl. Mgr 01 Since 2010, George has lead the team 03 Original Browns Range discoverer, from initial d
Slide 5: Operational leadership
Operational leadership Our team of operational specialists have years of experience in the discovery, production and marketing of rare earths. Having experts in their fields allows us to maximise value for shareholders. Robin Jones, COO Eben Van Rooyen – Res. Mgr 01 Driven Browns Range to be the 03
Slide 6: Browns Range Project
Browns Range Project In September 2018, Northern Minerals became the only non-Chinese producer of dysprosium with the commissioning of the three-year Pilot Plant Project, aimed at assessing the technical and economic feasibility of the full-scale operation. $67m Capital Development Dysprosium & Terb
Slide 7: Dy – critical to the EV evolution
Dy – critical to the EV evolution With each electric vehicle using just over 100g of dysprosium, demand is expected to increase to over 3,500tpa by 2030. W ith over 98% of Dy production from China, there is strong interest in the US and globally for new, sustainable sources of supply. Chinese domina
Slide 8: Australian Dysprosium
Australian Dysprosium The Pilot Plant Project incorporates a beneficiation plant and hydrometallurgical circuit, producing heavy rare earth carbonate. All nameplate offtake for the Pilot Plant Project has been committed to Lianyugang New materials Sales Co Ltd (JFMAG), a 51% owned subsidiary of Guan
Slide 9: Filling the supply gap
Filling the supply gap Chinese illegal production is expected to continue falling as the Government cracks down. Even with efficiencies in electric motors, the supply/demand gap is expected to continue widening. Browns Range Full-scale potential Browns Range PP production ASX:NTU << AUSTRALIAN DYSPR
Slide 10: Browns Range flowsheet
Magnetic Dryer Kiln Water leach Separation Browns Range flowsheet Xenotime Concentrate Stockpile Rare Earth Carbonate Bagging Ore Stockpile Tails Crusher Ball mill Flotation CCD Purification ASX:NTU << AUSTRALIAN DYSPROSIUM >> 10
Slide 11: Staged development plan
Staged development plan Test Pilot Plant Downstream Enhancements 01 Mine xenotime ore 03 Product separation Produce mixed RE carbonate Satellite deposits Export to offtake customers New RE revenue streams Refine Project Develop Full Project 02 Validate & refine flowsheet 04 Economies of scale Implem
Slide 12: Blue sky potential
Blue sky potential The Browns Range dome is a massive geological feature covering 1,500km 2 and stretching 60km x 30km most of which hasn’t been effectively explored New discoveries 20+ year life target High-grade discoveries made in Focus on growing mine life from 2018 at Dazzler and Iceman 11 year
Slide 13: Dazzler discovery
Dazzler discovery Width From To Estimated pXRF Hole ID TREO % (m)* (m) (m) grade BRDR0008 3 33 36 0.34 0.5% BRDR0008 3 41 44 0.20 BRDR0009 3 107 110 0.22 BRDR0009 4 112 116 0.33 BRDR0010 18 25 43 9.10 8% BRDR0010 17 53 70 0.30 BRDR0011 16 34 50 0.35 0.8% Incl 9 41 50 0.54 BRDR0011 8 62 70 0.26 BRDR0
Slide 14: Corporate overview
Corporate overview Northern Minerals (NTU) Share Price $0.16 9.0 Share Price (A$/share) $0.14 8.0 $0.12 7.0 Volume (m) $0.10 6.0 5.0 $0.08 4.0 $0.06 3.0 $0.04 2.0 $0.02 1.0 $- 0.0 ASX:NTU << AUSTRALIAN DYSPROSIUM >> 14
Slide 15: In conclusion
In conclusion R&D testing/commissioning commenced in June 2018 Three year project to demonstrate and assess economic and technical feasibility of full scale operation Process commenced on ore sorting and separation Potential for additional production and new offtake agreements Browns Range on track
Slide 16: Thank you
Thank you Contact George Bauk, Managing Director & CEO gbauk@northernminerals.com.au Mark Tory, Chief Financial Officer & Company Secretary mtory@northernminerals.com.au Northern Minerals Level 1, 675 Murray Street West Perth, Western Australia, 6005 Australia PO Box 669 West Perth T: +61 8 9481 234
Slide 17: APPENDICES
APPENDICES ASX:NTU << AUSTRALIAN DYSPROSIUM >> 17
Slide 18: Strategically and politically critical
Strategically and politically critical “This executive order will prioritize reducing the nation’s vulnerability to disruptions in our supply of critical “Saudi Arabia minerals safely and has oil, but China responsibility for the has rare earths” benefit of the American Chinese Premier, Deng people,
Slide 19: Beyond Browns Range
JOHN GALT Beyond Browns Range Rock chip samples from the Boulder Ridge project confirm high-grade Heavy Rare Earths (HRE) Best results exceed 12% TREO, including up to 1.15% Dysprosium, with a dominance of HRE – up to 99%. Reinforces significant growth potential in Browns Range and Tanami regions. B
Slide 20: Iceman discovery
Iceman discovery Width From Estimated Hole ID To (m) % TREO (m)* (m) pXRF grade BRIR0001 No significant results BRIR0002 11 13 24 4.83 4% BRIR0002 2 37 39 0.16 BRIR0003 8 27 35 0.37 0.6% BRIR0004 7 26 33 1.20 3% BRIR0005 No significant results BRIR0006 1 16 17 1.28 BRIR0007 7 42 49 1.73 1% BRIR0008
Slide 21: Product separation
Product separation Strong support received from the Federal & WA Government for downstream processing within the state ASX:NTU << AUSTRALIAN DYSPROSIUM >> 21
Slide 22: Mineral Resources
1 – Rounding may cause some computational discrepancies (TREO (metal) tonnes estimated from Mt x TREO%) Mineral resources as per NTU announcement 2 March 2015 in relation to increased reserves. Mineral Resources 22
Slide 23: Ore Reserves
Ore reserves as per NTU announcement 2 March 2015 in relation to increased reserves. Ore Reserves 23
Slide 24: Product specification available for REC
Product specification available for REC REC samples validated by several downstream separators REC suitable for solvent extraction separation Low thorium and uranium levels First shipment planned for September quarter Figures may not add due to rounding TREO = Total Rare Earth Oxides- Total of Dy2O3
Slide 25: An eight year $190m journey
An eight year $190m journey ASX:NTU << AUSTRALIAN DYSPROSIUM >> 25
Slide 26: NTU Board
NTU Board Colin McCavana - Non-executive Chairman (appointed 2006) 01 Mr McCavana has more than 35 years of management experience worldwide in the earthworks, construction and mining industries. George Bauk - Managing Director / CEO (appointed 2010) 02 George is an experienced executive, with over 2
Slide 27: ASX:NTU << AUSTRALIAN DYSPROSIUM >>
ASX:NTU << AUSTRALIAN DYSPROSIUM >> 27
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