Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (August 2011)
30 slides from Northern Minerals's investor presentation, Aug 1, 2011
Slide 1: Exploring High Value Heavy Rare Earths
For personal use only Exploring High Value Heavy Rare Earths Investor Presentation August 2011 George Bauk Managing Director ASX: NTU
Slide 2: Important Notice
Important Notice For personal use only 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 inv
Slide 3: Company overview
Company overview For personal use only High value, Heavy Rare Earth Elements Quality metallurgy – >40% concentrate Xenotime mineralisation - simple, low cost processing Drilling underway – confirms HREE: – Browns Range initial results: 12m @ 1.73% TREO including 5m @ 3.49% TREO (5m @ 0.32% Dy) – Exc
Slide 4: Focused on our HREE projects
Focused on our HREE projects For personal use only
Slide 5: Capital Structure
Capital Structure For personal use only ASX Codes NTU 12 Month Share Price NTU Ordinary Shares 174.8m* Listed Options NTUOA $0.20 expires 30 Sept 2012 8.7m NTUOB $0.15 expires 31 Mar 2012 12.4m Unlisted Options Various prices and expiry dates 8.3m Trading Summary Major Shareholders Market Capitalisa
Slide 6: Board & Management
Board & Management Kevin Schultz Adrian Griffin For personal use only Non Executive Chairman Non Executive Director ̶ Formerly Managing Director – ̶ Specialising in mine management and Polaris Metals production ̶ Global industry experience, multi ̶ Managing Director Midwinter Resources commodity ̶Ch
Slide 7: REE - new technology, new energy
REE - new technology, new energy For personal use only
Slide 8: REE - uses
REE - uses For personal use only Electronics - Faster, lighter, smaller and more efficient Clean energy - increasing efficiency, reducing emissions
Slide 9: Dysprosium and Yttrium critical
Dysprosium and Yttrium critical For personal use only Dysprosium Prized for heat and magnetic properties Plays a crucial role in clean energy, eg wind turbines and electric vehicles No known substitute Assessed as “critical” by US Energy Dept. Yttrium Used in phosphors for energy efficient lighting,
Slide 10: HREE – serious supply shortfalls
HREE – serious supply shortfalls For personal use only China produces 95% of world’s REE and 99.8% of all Heavy REE Shortage of Dysprosium (HREE in shortest supply) could limit the production of rare earth magnets HREE Supply confined to Southern China, where there are significant resource and envir
Slide 11: Demand for 'Heavies'
For personal use only Demand for ‘Heavies’ Supply Rare Earths 2010 20151 Group China ROW China ROW2 Lights (La, Ce, Pr and Nd) 94% 6% 67% 33% Mediums (Sm, Eu and Gd) 97% 3% 89% 11% Heavies (Tb, Dy, Er and Y) 99.8% 0.2% 96% 4% (Ho, Tm, Yb & Lu not included) Notes: 1. In 2015 ROW demand will be approx
Slide 12: Heavy Rare Earth Prices
Heavy Rare Earth Prices For personal use only Comparison of selected average HREE Prices Rare Earths Price US$/kg FOB China1,2 Rare Earth Product 2009 2010 June 2011 July 2011 Europium Oxide $465 $626 $1,200 $5,870 Gadolinium Oxide $7 $44 $157 $200 Dysprosium Oxide $105 $295 $700 $2,840 Yttrium Oxid
Slide 13: Browns Range Project
For personal use only Browns Range Project Northern Minerals 100% ownership and marketing rights Significant HREE discoveries in the East Kimberley in 2009 Wide spaced radiometrics identified HREE mineralisation at Browns Range Xenotime mineralisation is hosted within hydrothermal quartz veins and q
Slide 14: Browns Range 2011 - Area North
Browns Range 2011 - Area 5 North For personal use only Soil sampling highlights extensive HREE geochemical anomalies at the Wolverine, Gambit, Area 5 North and Area 5 prospects 10,000m drilling to test four priority targets - started June 2011 First assay results at Area 5 North include 12m @ 1.73%
Slide 15: Browns Range 2011 – Gambit
Browns Range 2011 – Gambit For personal use only Drilling underway – assays pending Initial XRF analysis returned significant yttrium readings Anomalous ytrrium trend over 300m strike length
Slide 16: Browns Range – HREE Distribution
Browns Range – HREE Distribution For personal use only Browns Range* Mt Weld** Light 6% Europium 0.44% Samarium 2% Terbium 0.07% Samarium 2.27% Dysprosium 0.12% Gadolinium 6% Other 1.1% Other 3% Neodymium 18.5% Lanthanum Erbium 6% 25.5% Ytterbium 2% Praseodymium 5.32% Dysprosium 10% Yttrium 61% Ceri
Slide 17: Processing Xenotime
Processing Xenotime For personal use only Similar mineral to monazite but much lower radioactivity (less thorium) Well understood; processed for >50 years (c.f. Guangdong, China) Potential additive to standard bastnasite/monazite feed as a sweetener to yield ‘heavies’ Multiple customers for a xenoti
Slide 18: Browns Range – Work Program
Browns Range – Work Program For personal use only High resolution airborne magnetics and radiometrics survey – completed RC Drilling program 10,000m at Area 5/Area 5 North and Gambit/Wolverine targets – commenced On-going metallurgical studies of mineralisation from the four priority drill targets –
Slide 19: Future HREE Exploration Potential
Future HREE Exploration Potential For personal use only Historical reports of xenotime occurrences at Mt. Mansbridge and east of The Don, on- ground follow-up required Assessment of Tanami region proximal to Birrindudu Basin for HREE potential – never systematically explored for HREE NTU dominant la
Slide 20: John Galt Project
John Galt Project For personal use only Northern Minerals has option to acquire 100% of the project Exciting REE prospect, acquired in June 2010 – granted December 2010 Regional proximity to the Browns Range HREE Project Similar geology – high value HREE in xenotime mineralisation Detailed data stud
Slide 21: John Galt – Historical Exploration
John Galt – Historical Exploration For personal use only Xenotime-hosted mineralisation at three different zones Rock chip assays up to 53.5% TREO At Gadolin prospect three radiometrically anomalous zones extend over 360m along a N-S trending fault, with rock chip assays up to 17.6% TREO
Slide 22: John Galt – Historical Drilling
John Galt – Historical Drilling For personal use only Fan of nine diamond drill holes for 503m from two drill sites Detailed analysis of structural controls using 3D software Every drill hole intercepted at least one mineralised zone Excellent correlation between downhole radiometrics and assayed sa
Slide 23: John Galt – HREE Distribution
John Galt – HREE Distribution John Galt* Mt Weld** For personal use only Light 1% Europium 0.44% Other 2% Terbium 0.07% Gadolinium 3% Samarium 2.27% Dysprosium 0.12% Other 4% Other 1.1% Erbium 7% Neodymium 18.5% Lanthanum 25.5% Ytterbium 6% Praseodymium Dysprosium 9% 5.32% Yttrium 67% Cerium 46.74%
Slide 24: John Galt - Work Program
John Galt - Work Program For personal use only High resolution airborne magnetics and radiometric survey – completed Reconnaissance geological investigations – completed Aboriginal Heritage Survey – Q3 2011 Detailed structural mapping and systematic program of rock chip and soil sampling – Q3 2011 G
Slide 25: Uranium and Gold projects
Uranium and Gold projects For personal use only
Slide 26: Gardiner-Tanami Project
For personal use only Gardiner-Tanami Project Gardiner-Tanami Large project, multiple uranium targets 100% ownership NTU now holds rights for all minerals Gardner Range JV 60% ownership JV with Manhattan (ASX:MHC)
Slide 27: Gardiner-Tanami Drilling
For personal use only Gardiner-Tanami Drilling Soma Intersected Gardiner Sandstone / Killi Killi formation Confirms large (8km) target for high grade unconformity mineralisation Follow-up drilling in 2011, plus drilling at Mt.Mansbridge North, Mt.Mansbridge South, Oracle and Deva targets (Total 5000
Slide 28: 2011 – The Year Ahead
2011 – The Year Ahead For personal use only Schedule of Exploration Program QTR 1 QTR 2 QTR 3 QTR 4 Rebranded to Northern Minerals Browns Range geophysics John Galt geophysics REE drilling at Browns Range Finalise NT tenements with T/Os Regional Browns Range HREE exploration Gardiner Tanami Ur
Slide 29: Value Proposition
For personal use only Value Proposition High value, Heavy Rare Earth Elements Drilling underway - first results of 12m @ 1.73% TREO including 5m @ 3.49% TREO (0.32% Dy) Xenotime mineralisation – amenable to processing Metallurgy >40% concentrate grade John Galt Historical Drilling incl. 9.8m @ 1.58%
Slide 30: For more information
For more information For personal use only George Bauk Managing Director Suite 10, Level 2 12-14 Thelma Street West Perth WA 6005 T: +61 8 9481 2344 info@northernminerals.com.au www.northernminerals.com.au
Northern Minerals — Investor Presentation (August 2011) on 6ix