Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — 121 Mining Investment, Cape Town 2024
27 slides from Ionic Rare Earths's conference presentation, Feb 6, 2024
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy
ASX: IXR | FSE: 6UH For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths for the New Economy 121 Mining Investment, Cape Town 5-6 February 2024
Slide 2: Cautionary Statement
Cautionary Statement IMPORTANT NOTICE AND DISCLAIMER For personal use only This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide
Slide 3: Securing Critical Elements for the New Economy
Securing Critical Elements for the New Economy HARNESSING OUR TECHNOLOGY TO ACCELERATE MINING, REFINING AND RECYCLING OF MAGNET AND For personal use only HEAVY RARE EARTHS CRITICAL FOR ENERGY TRANSITION, ADVANCED MANUFACTURING, AND DEFENCE Mining Refining Recycling Rare Earths Rare Earths Rare Earth
Slide 4: Board and Leadership Team
Board and Leadership Team For personal use only Brett Lynch Tim Harrison Max McGarvie Sufian Ahmad Nitin Tyagi Executive Chairman Managing Director / CEO Non-Executive Director Non-Executive Director Non-Executive Director A highly experienced international A mining executive with over 20 years’ A d
Slide 5: Corporate Snapshot
Corporate Snapshot ASX: IXR | FSE: 6UH Market Cash 12-month For personal use only Share Price Shares on Issue Various Options Capitalisation Position Range (min – max) A$0.02 A$86m 4,308,287,363 130,000,000 A$4.5m A$0.016–A$0.038 31 January 2024 31 January 2024 31 January 2024 Exercisable at 3.15 to
Slide 6: European Critical Raw Materials Act (CRMA) – “The Race is On!”
European Critical Raw Materials Act (CRMA) – “The Race is On!” EUROPEAN COMMISSION’S CRITICAL RAW MATERIAL ACT TO UTILISE GLOBAL GATEWAY INSTRUMENT, A €300 BILLION INITIATIVE AIMED AT COUNTERING THE CHINESE BELT AND ROAD INITIATIVE For personal use only • The Act identifies a list of strategic raw m
Slide 7: REE Supply Chain and IonicRE Integration
REE Supply Chain and IonicRE Integration IONICRE ADDING PRIMARY AND SECONDARY SOURCED CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS For personal use only Long loop recycling to take metal and magnet back to high purity, separated magnet REOs Mining and processing to produce value
Slide 8: The Makuutu Rare Earths Project (60% IonicRE)
The Makuutu Rare Earths Project (60% IonicRE) PRIMARY MAGNET AND HEAVY RARE EARTHS FOR THE NEW ECONOMY For personal use only • Large scale Ionic Adsorption Clay (IAC) project with 71% magnet plus heavy REO basket • IonicRE owns 60%of the asset through local Ugandan entity Rwenzori Rare Metals Ltd •
Slide 9: Makuutu Stage DFS
Makuutu Stage 1 DFS EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT For personal use only • Existing Infrastructure at Makuutu • Highway and road access to site plus rail • Nearby over 800MW of installed hydroelectric power capacity along the Nile River within 65 km of site • 132 kV po
Slide 10: Large MRE with Exploration Upside
Large MRE with Exploration Upside EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT • JORC MRE of 532 million tonnes @ For personal use only 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade of 200 ppm TREO-CeO2 • 76% of Makuutu MRE now converted to Indicated Resource, at 404 mi
Slide 11: Exploration Target Upgrade Expected
Exploration Target Upgrade Expected SUCCESSFUL PHASE 5 DRILL PROGRAM EXPECTED TO FOLLOW THROUGH TO SIGNIFICANT EXPLORATION TARGET UPGRADE For personal use only • Exploration Target additional to existing Mineral Resource Estimate • Phase 5 drill program completed in q4 2023, results to date very pos
Slide 12: Makuutu Stage Feasibility Study
Makuutu Stage 1 Feasibility Study BASE CASE LAYS FOUNDATION, EXTENSION OF LIFE POTENTIAL REMAINS Stage 1 DFS Metrics For personal use only • Large Scale Mining Licence LML00334 awarded in January 2024; Stage 1 Life Post-Tax Free • Cash Flow Stage 1 production of a value-added mixed rare earth carbon
Slide 13: IonicRE Basket is a highly strategic basket with escalating forecast value
IonicRE Basket is a highly strategic basket with escalating forecast value A BALANCED MREC PRODUCT BASKET PRODUCED VIA HEAP DESORPTION PROCESS FLOWSHEET For personal use only • Magnet and heavy REO rich basket (71% magnet + Makuutu Stage 1 DFS Product Basket, heavy) by composition • Flowsheet used h
Slide 14: Makuutu – Poised to Supply ‘New Economy’ Demand
Makuutu – Poised to Supply ‘New Economy’ Demand TICKING THE BOXES AS THE MOST ADVANCED, NEW IAC PROJECT GLOBALLY, WITH PRODUCT AVAILABLE FOR WESTERN CUSTOMERS Project Mineral Pre- Definitive Final Scoping Ore Reserve Mining Target First (Owner) Location Market Cap Resource Feasibility Feasibility De
Slide 15: Makuutu Demonstration Plant
Makuutu Demonstration Plant TICKING THE BOXES TOWARDS PRODUCTION, DE-RISKING AHEAD OF FINAL INVESTMENT DECISION • Demonstration Plant Program producing first For personal use only MREC Q1 2024 in Uganda to de-risk Makuutu ahead of expected Final Investment Decision • Technical facility progressing w
Slide 16: Magnet Recycling and the Circular Economy of Rare Earths
For personal use only Magnet Recycling and the Circular Economy of Rare Earths Rare Earths for Life
Slide 17: Recycling Neodymium Permanent (NdFeB) Magnets
Recycling Neodymium Permanent (NdFeB) Magnets Developing capacity on rare earth separation, refining and recycling For personal use only Mixed grades of 100% recycled High spec permanent waste permanent individual high purity magnets for net zero magnets grade magnet rare carbon technologies earth o
Slide 18: About Ionic Technologies
About Ionic Technologies Ionic Technologies has developed separation and refining technology that can be applied For personal use only to the recycling and refining of individual magnet rare earths from used permanent (NdFeB) magnets. Our hydrometallurgical process is able to Magnet crushing Digesti
Slide 19: High purity separated magnet rare earth oxide (REO) products
High purity separated magnet rare earth oxide (REO) products For personal use only Unique recycling technology that can hydrometallurgically extract, separate and refine magnet REOs from spent magnets and swarf to high purity recycled individual 99.5%+ oxide products – both light and heavy magnet RE
Slide 20: Rare Earths for Life
For personal use only RECYCLING Rare Earths for Life Forming collaborative platforms to secure a WIND domestic supply of rare earth ALLOY metals globally TURBINES Ionic Technologies’ recycling technology enables the manufacture of high Sustainability specification magnets using recycled rare earths,
Slide 21: Collaborative Stakeholders
Collaborative Stakeholders For personal use only Thanks to the CLIMATES programme, delivered by Innovate UK, Ionic Technologies will be funded to work on two critical projects. Feasibility study into the construction EV permanent magnet circular supply and supply side dynamics of a magnet chain rare
Slide 22: Rare Earth Supply Chain
Rare Earth Supply Chain The unlock through Ionic Technologies For personal use only Via Ionic Technologies, IonicRE is engaging now Long loop recycling to take metal and magnet with key supply chain partners 3 on value addition back to high purity, separated magnet REOs and developing commercial rel
Slide 23: Our Path to Commercialisation
Our Path to Commercialisation Rapid acceleration of our technology ready to scale globally For personal use only Lab scale Pilot scale Demo scale Commercial scale April 2022 July 2022 2023 / 2024 2026 planned operations Demonstration Plant Ready to scale Launch Global Deployments 24/7 plant operatio
Slide 24: Ionic Technologies Demonstration Plant
Ionic Technologies Demonstration Plant • Our Demonstration Plant For personal use only officially opened September 2023 where 2 new grants and strategic partnerships announced • Feasibility Study commenced for commercial plant in Belfast • Demonstration Plant commenced 24/7 operation in January 2024
Slide 25: Strategic Location – Belfast Harbour
Strategic Location Re n e w a b le Hu b #1 Po rt in UK Belfast Harbour Belfast Harbour is home Belfast Harbour is to many world-class home to the UK’s companies who play a number one port key role in the global renewable energy for offshore wind. Ionic Technologies is strategically For personal use
Slide 26: IonicRE Value Proposition
IonicRE Value Proposition “With current global heavy rare earth oxide • Direct exposure to heavy rare earths production increasing just marginally each For personal use only market growth year and the outlook for Myanmar (miner of 40% of the world’s dysprosium and • Ionic Technologies entry into a
Slide 27: For personal use only
ASX: IXR | FSE: 6UH For personal use only Ionic Rare Earths Limited www.ionicre.com Level 5 South investors@ionicre.com 459 Collins Street Melbourne, T +61 3 9776 3434 Victoria, 3000, Australia
Ionic Rare Earths — 121 Mining Investment, Cape Town 2024 on 6ix