American Rare Earths Ltd · ASX:ARR
American Rare Earths — Shareholder Meeting (November 2021)
29 slides from American Rare Earths's shareholder meeting presentation, Nov 9, 2021
Slide 1: Chairman's Address - 2021 Annual General Meeting
ASX Announcement 9 November 2021 AMERICAN RARE EARTHS LIMITED 2021 ANNUAL GENERAL MEETING CHAIRMAN'S ADDRESS For personal use only Ladies and Gentlemen welcome to the 2021 Annual General Meeting of American Rare Earths Limited. It is my pleasure to report to you today on your Company's 2021 financia
Slide 2: Chairman's Address (continued)
ASX Announcement 9 November 2021 project. The second acquisition was the Searchlight Rare Earths project in Nevada in May 2021. The Company's US-based rare earth projects are in mining-friendly jurisdictions, with La Paz and Searchlight projects situated approximately 320km and 32km from Mountain Pa
Slide 3: Investor Presentation
For personal use only Investor Presentation American Rare Earths Ltd ASX: ARR OTC: ARRNF November 2021 ASX: ARR OTC: ARRNF
Slide 4: Disclaimers and Forward Looking Statements
Disclaimers and Forward Looking Statements Disclaimers Competent Person Statement For personal use only This presentation contains forward-looking statements that involve subjective judgement and The information in this report that relates to Exploration Results is based on information analysis and
Slide 5: For personal use only
For personal use only American Rare Earths (ARR) is an exploration company focused on the development of its Rare Earth and Scandium assets, which have the potential to be some of the largest rare earth deposits in the United States. Our mission is to supply Critical Materials for Renewable Energy,
Slide 6: Investment Highlights
Investment Highlights For personal use only Scale Cleaner & Greener Leadership Large, diverse & growing Negligible Thorium Diverse, experienced US mineral deposit suite potential Collaborating on disruptive leadership & technical team >1 Billion tonnes of mineralized renewable, sustainable Track rec
Slide 7: Experienced Leadership and Technical Team
Experienced Leadership and Technical Team Australia USA For personal use only Creagh O'Connor − Chairman Clarence McAllister − Non-Executive Director (ARR) Creagh has approximately 40 years experience as a chief executive and board member for public and Clarence has over 30 years of international ex
Slide 8: Corporate Information and Ownership Structure
Corporate Shareholder Breakdown Ownership Structure Information Board and American Rare Earths Limited (Australia) (ASX: ARR; OTC: ARRNF) For personal use only Management 25% Remaining Western Rare Earths Inc USA (Project Searchlight) Shareholders Remaining 60% Top 20 Offices 15% La Paz Rare Earth L
Slide 9: Peer Group Market Cap in USD
Peer Group Market Cap* in USD RAREX LIMITED (XASX:REE) For personal use only $35,629,352 UCORE RARE METALS INC. (OTCM:UURAF) $46,165,170 AMERICAN RARE EARTHS LIMITED (XASX:ARR) $51,817,799 SEARCH MINERALS INC. (XTSX:SMY) $52,849,273 LEADING EDGE MATERIALS CORP. (OTCM:LEMIF) $54,406,130 IONIC RARE EA
Slide 10: Tech industry braces for skyrocketing rare earth prices
For personal use only Tech industry braces for skyrocketing rare earth prices. Surging demand and U.S.-China tensions make life tough for hardware makers. asia.nikkei.com/Business/Technology 8 American Rare Earths Ltd ASX: ARR OTC: ARRNF
Slide 11: Supply Crisis Looms
Magnet and Scandium content are key Supply Crisis Looms value drivers, given high prices Relative Oxide Prices (10/2021)* Two Presidents have signed four executive orders For personal use only to drive REE production Element US$/ kg Scandium (Sc) $1,004.00 Lanthanum (La) $1.35 Cerium (Ce) $1.30 Pras
Slide 12: Competing with China
Competing with China China’s Rare Earth Monopoly is Diminishing For personal use only Climate Action requires Critical Minerals • An estimated USD $30 trillion is required to decarbonize the planet Global Mine Production of Rare Earths (in tons) • New REE Mines and Processing plants are being develo
Slide 13: Total Addressable Market
Total Addressable Market Rare earth metals market expected to hit ~$9.6 billion by 2026; registering a 12.3% CAGR* For personal use only • Rare Earth magnets are found in more than 90% of E-vehicle motors • E-Vehicles are driving explosive growth The global Scandium Oxide market is expected to • mag
Slide 14: Key Projects - Five Deposits Across Three Project Areas
Key Projects – Five Deposits Across Three Project Areas For personal use only 2 Halleck Creek, WY Searchlight, NV • Surface sampling shows high grade REEs >3000ppm avg TREO • <30km from only producing REE mine in US • Maiden drill program being prepared High value Magnet REEs • Initial sampling enco
Slide 15: La Paz REE + Scandium Project
La Paz REE + Scandium Project • La Paz is ARR’s priority REE project and was acquired in 2019 For personal use only • Exploration Target of 742-928 million tonnes added to the JORC Compliant Resource of 170.6 million tonnes Mineralisation • Developing scoping and economic studies for IRR and NPV hit
Slide 16: La Paz JORC Resources
La Paz JORC Resources Potentially one of the biggest deposits of rare earths Oxide, Total Oxide JORC 2021 For personal use only and scandium in North America Element ppm (Kg) Estimated (TREO) Resources at La Paz Scandium (Sc) 26 4,406,306 TREO TREO 2021 drill campaign Class Tonnage (ppm) (kg) Neodym
Slide 17: Resource Upside
Resource Upside For personal use only Multiple opportunities to substantially increase the JORC Resources at La Paz: Scope Current Resource estimate encompass only 10.2% of project area hosting 170 million tonnes of mineralized ore with an average grade of 469 ppm TREO Maiden Resource area open late
Slide 18: Metallurgy
Metallurgy • With high tonnage, metallurgy and processing is key to project economics For personal use only Hand • Preliminary test work demonstrates that La Paz ore can be effectively concentrated specimen of using conventional magnetic separation, selective grinding and direct flotation pervasive
Slide 19: Halleck Creek
Halleck Creek • ARR has claims and leases totaling 1,257h at Halleck Creek, For personal use only Halleck Creek in close proximity to infrastructure • 197 surface geochemistry samples across the Halleck Creek Red Mountain Pluton with avg grade 3187ppm TREO • The highest-grade sample contained 6,731p
Slide 20: Searchlight Project
Searchlight Project For personal use only • High-grade REE exploration project located in Nevada, within ~30km of only operating US rare earths mine, Mountain Pass • 80 contiguous unpatented lode mining claims, totaling 1620 acres • Initial geological review and sampling program completed • 10 surfa
Slide 21: Upcoming Activity
Upcoming Activity With a portfolio of rare earths assets ARR is anticipating a high tempo of activity in the coming 18 months and beyond For personal use only Key focus is completing PEA for La Paz but also completing initial drill program at Halleck Creek to identify maiden JORC Resource Operationa
Slide 22: ESG - Positive Impact Through Responsibly Sourced Materials
ESG − Positive Impact Through Responsibly Sourced Materials For personal use only Ultra Low 1 New Energy Reduced 2 Renewable 3 Thorium Carbon Future Energy Negligible penalty elements at Soaring demand outstripping Responsible project power La Paz reduces tailings risk & supply of these constrained
Slide 23: Summary
Summary For personal use only Scale Quality Broad Timing Cleaner & Portfolio Greener Momentum Value Infrastructure US Gov Leadership Proximity Engagement Chris Gibbs | Managing Director and CEO | cgibbs@americanrareearths.com.au 21 American Rare Earths Ltd ASX: ARR OTC: ARRNF
Slide 24: Appendix
For personal use only Appendix 22 American Rare Earths Ltd ASX: ARR OTC: ARRNF
Slide 25: Secure Supply Chain for Domestic Production
Secure Supply Chain for Domestic Production For personal use only World-Class DARPA EMBER “Green” Bio- Mining Friendly US Green Energy and Collaborations Feedstock (DOD) Engineering Locations Defense Supply Supporting National Qualifying feedstock Engaged with leading Remote, domestic Chains Labs an
Slide 26: High Value Magnet Metals
High Value Magnet Metals The material constraint to the reduced carbon future of EVs For personal use only and Renewable Energy US needs ten times the amount of rare earth metals NdPr % of Total REO it currently has to meet President Biden’s ambitious 2030 EV goals… it needs 20 to 25 times more to L
Slide 27: Scandium Upside
Scandium Upside • La Paz latest JORC Resource included >4000tns of Sc Oxide – likely to grow For personal use only • Potential powerful boost to overall project La Paz economics • Classified as a critical mineral scandium oxide is typically unavailable in any significant commercial quantity - Bloom
Slide 28: Lower Environmental Constraints
Lower Environmental Constraints • La Paz Project has the lowest thorium levels of any US REE mineral deposit in For personal use only development & <1% the level of Lynas’ Mt Weld ore body • Should allow for easier permitting, better social licence to operate & simplified tailings handling, saving c
Slide 29: For personal use only
For personal use only It is exceptionally challenging to foresee how the supply side of the rare earth industry will be able to keep up with rapidly growing demand for magnet rare earths under any realistic scenario. The rapid demand growth of the 2020s will soon be dwarfed by the demand growth of t
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