Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Investor Presentation (October 2023)
21 slides from Mount Ridley Mines's investor presentation, Oct 19, 2023
Slide 1: Southwest Connect – October 2023
Southwest Connect – October 2023 ASX: MRD
Slide 2: Chairman's quote on rare earth discovery
“We believe that Mount Ridley has discovered a large RARE EARTH ELEMENT deposit and are pursuing its delineation and development apace. "This aligns with the actions of many countries as we move to implement "green" strategies to limit Climate Change and its effect". Peter Christie, Chairman – May :
Slide 3: Disclaimers & Forward-Looking Statements
DISCLAIMERS & FORWARD-LOOKING STATEMENTS This presentation has been prepared by Mount Ridley Mines (ACN 092 304 964) (MRD) and is current as at the date of this document. The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or a
Slide 4: The World's Largest REE Mine
The World's Mount Ridley Largest REE Mine REE Project Bayan Obo Inner Mongolia The Bayan Obo mine - Inner Mongolia - is the world’s biggest REE mine both by recoverable reserves and production. It accounts for more than 40% of the total known REE reserves in the world and nearly half of the global r
Slide 5: Rare Earth Element Production
Rare Earth Mount Ridley Element REE Project Production China produced 210,000 tonnes of REO equivalent in 2022 and is the world's largest producer. Includes19,150t from ionic adsorption clays. Chinese REE business is fully integrated, has a 30- year head start on the rest of the world, and is increa
Slide 6: Introduction
Introduction China produces over 60% of global REE, processes over 80% and manufactures over 90% of REE products. There is a call from the EU and USA to locate supplies of REE (and other Strategic Metals) outside of China to mitigate an effective monopoly. REE applications include in the EV Automoti
Slide 7: Esperance REE District
Esperance REE District The Esperance REE District has the hallmarks of such a disruptive system - hosting large volumes of clay-hosted REE mineralisation. Importantly, sited in a first world jurisdiction and close to established major infrastructure. Grades compare very favourably with other 'clay'
Slide 8: Esperance REE District
Esperance REE District Clay-hosted REE mineralisation was first recognised in 20121 at the Newmont Prospect Mount Ridley was the first new mover, causing a tenement rush in the District. There are >5 companies taking a collaborative approach to exploration and metallurgy in the Esperance REE Distric
Slide 9: Mount Ridley REE Project
Mount Ridley REE Project Mount Ridley increased its existing ground position to 3400km2. Clay REE associated with Mafic and Felsic clays – Felsics preferred. Mount Ridley policy to explore vacant crown land, not cultivated land. Important infrastructure associated with the town of Esperance includes
Slide 10: Mount Ridley REE Project study parts
Mount Ridley Mount Ridley REE Project REE Project Study Parts RESOURCES Drilling Mining Stockpile FREE DIG MINING LOG WASHER TO SLURRY Screen SIMPLE SCREEN BENEFICIATION MINING NO FLOATATION Leach Concentrate Purify Precipitate NO HIGH TEMPERATURE CRACKING NO HP-HT LEACH Clay Wash Acid Alkali CHLOR-
Slide 11: Drilling towards Resources
Drilling towards Resources Over 1,100 holes for 50,000m evaluated for REE. Very wide-spread mineralisation intersected throughout 1,200km2 area tested. Each phase of drilling has returned higher grades, with Mia intersections averaging: • >1,400 ppm at 700 ppm cut-off, • containing 25% MagREO. MRD f
Slide 12: Drilling towards Resources
Drilling towards Resources • 41m at 3,970 ppm TREO (23% MagREO) • 22m at 2160 ppm TREO (23% MagREO) • 24m at 1,965 ppm TREO (23% MagREO) • 21m at 1,906ppm TREO (18% MagREO) • 15m at 2,120 ppm TREO (16% MagREO) • 18m at 1,386 ppm TREO (23% MagREO) • 16m at 1,800ppm TREO (23% MagREO) • 8m at 3,022 ppm
Slide 13: Drilling towards Resources
Drilling towards Resources Of all Mia intersections >700ppm: the average grade is >1,400ppm TREO before beneficiation (1,400ppm TREO projected to become >2,200ppm TREO after beneficiation) • This contains 25% or ~370ppm MagREO before beneficiation (~600ppm MagREO post beneficiation), • 83% of the po
Slide 14: Metallurgical tests of Mia samples
Metallurgical tests of Mia samples Beneficiation: Test results indicate a projected grade upgrade of approximately 160% through simple screening, with over 80% of the TREO contained within 50% of the original sample mass. Extraction: Sighter test rates of up to 85% of high value magnet rare earths (
Slide 15: Stacked Sections Through the Mia Prospect
STACKED SECTIONS THROUGH THE MIA PROSPECT Mineralisation corridor is >10km x 3km 15 1 Refer to ASX: MRD announcements, listed in Notes
Slide 16: Sections Through the Mia Prospect
SECTIONS THROUGH THE MIA PROSPECT Section shown is 2 km wide. Assayed holes 100m apart. 16 1 Refer to ASX: MRD announcements, listed in Notes
Slide 17: Clay-Hosted REE Mineralisation at the Mia Prospect
CLAY-HOSTED REE MINERALISATION AT THE MIA PROSPECT Work in progress: Clay species – SWIR, XRD, FTIR 17
Slide 18: Corporate Overview
CORPORATE OVERVIEW Diverse set of skills Board Share Price Shares on Issue 0.2c 7,785m Market Capitalisation Options1 Peter Christie Simon Mitchell Guy Le Page Non-Executive Chairman Non-Executive Director Non-Executive Director $15.56m 1,061m Accountant & Governance Geologist & Corporate Geologist
Slide 19: Summary
SUMMARY The pieces are coming together ACHIEVEMENTS Also Note Weighted Average TREO grade over 1,400 ppm TREO (700 ppm cut-off) Proximate to deep-water port, highway, rail, gas pipeline, renewable energy and airport High Value MagREO grade at 25% = 80% of value 3,400km2 tenements with 32,600m drilli
Slide 20: Contact Information
Contact Information +61 8 6165 8858 info@mtridleymines.com.au mtridleymines.com.au Ground Floor, 168 Stirling Hwy Nedlands, WA 6009 MOUNT RIDLEY MINES | NOVEMBER 2021 | ASX: MRD
Slide 21: Notes
• REE refers to 14 rare earth elements: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), samarium (Sm), terbium (Tb), thulium (Tm), ytterbium (Yb), plus yttrium (Y) • REO means the rare earth el
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