American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (October 2024)
19 slides from American Rare Earths's investor presentation, Oct 30, 2024
Slide 1: American Rare Earths Investor Presentation
American Rare Earths For personal use only “Right Time, Right Place, Right Commodity” Investor Presentation October 2024 (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) 1 AMERICAN RARE EARTHS | September 2024
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve subjective This work was reviewed and approved for release by Mr Kelton Smith (Society of Mining Engineers #4227309RM) who is judgement and analysis an
Slide 3: Compelling Story
Compelling Story American Rare Earths - right place, at the right time, with the right commodities For personal use only ● Two world-scale rare earth projects in the USA − Flagship Halleck Creek Project in Wyoming with a 2.34 billion tonne JORC Resource and its Arizona counterpart, La Paz with 171Mt
Slide 4: Corporate Snapshot and Board of Directors
Corporate Snapshot Board of Directors Share Price A$0.280 (market close 21-Oct-24) For personal use only Shares Outstanding 495.5 million Market Cap A$139 million Richard Hudson Sten L Gustafson Melissa Sanderson Cash on Hand (30-Sept-24) A$11.9 million Chairman Non-Executive Director Non-Executive
Slide 5: Positive News Flow and Momentum
Positive News Flow and Momentum ARR Share Price, Volume and News Flow For personal use only 5 AMERICAN RARE EARTHS | October 2024
Slide 6: US Based Project Portfolio
US Based Project Portfolio ● Wholly owned subsidiary Wyoming Rare USA Inc. (“WRI”) For personal use only to manage and develop the Halleck Creek Project ● WRI is positioned to accelerate development of one of the largest rare earth deposits in North America ● Renewed focus on shareholder value creat
Slide 7: Urgent Need to Secure a Domestic Rare Earths Supply Chain
Urgent Need to Secure a Domestic Rare Earths Supply Chain Rare Earths is China dominated industry with minimal Western supply options China dominates the rare earths supply chain and is restricting Western access to resources. 1 For personal use only • • China’s rare earths industry is consolidated
Slide 8: Rare Earths are Key to Defense, Electrification & Green Energy
Rare Earths are Key to Defense, Electrification & Green Energy Rare Earths are used in a wide range products from the display on an iPhone to the motor in a Tesla EV Rare earth magnets are key to national EVs and Hybrids utilize rare earth For personal use only defense, as they are used in various p
Slide 9: US Rare Earths Supply Chain Policy Update
US Rare Earths Supply Chain Policy Update US Government is taking steps to incentivize and help bring home the rare earths supply chain ▪ 25% Tariff on Chinese Magnets: Effective in 2026, announced by the Biden Administration to For personal use only bolster U.S. industry. ▪ Critical Minerals Tax In
Slide 10: A Potential Cornerstone U.S. Domestic Rare Earths Asset
A Potential Cornerstone U.S. Domestic Rare Earths Asset Halleck Creek could become a multi-generational rare earths asset for the United States, with the potential capacity to meet current domestic consumption levels for ~100 years 1 For personal use only Cowboy State Mine at • Wyoming Rare USA Inc.
Slide 11: Phase Scoping Study Key Outcomes
Phase 1 Scoping Study Key Outcomes The Cowboy State Mine is a low-cost, scalable rare earths project with meaningful expansion potential % of Base Case RE Price NdPr Eq ($/kg) NPV10% ($m, Post-Tax) After Tax IRR (%) For personal use only 60% 54.60 70 12.0% 80% 72.80 249 16.8% Given the Cowboy State
Slide 12: Significant Exploration Potential
Significant Exploration Potential The JORC resource alone could potentially support US consumption of rare earths for over 100 years 1. In addition, there significant exploration upside beyond the current resource estimate. For personal use only % of Halleck Creek Surface Area1 Area A (Excl. B Overl
Slide 13: Clear Path to Permits
Clear Path to Permits The Cowboy State Mine has a strategic advantage of being on 100% Wyoming state land and minerals, which typically leads to faster permitting vs. projects which require Federal review and permits • Permitting mining projects on Federal lands are often meet with delays, For perso
Slide 14: A Strong Partnership with the State of Wyoming
A Strong Partnership with the State of Wyoming Wyoming has shown strong support for the Cowboy State Mine through the approval of ARR’s grant proposal • The State of Wyoming has shown strong support for the project by For personal use only issuing a US$7.1 million grant to ARR/WRI to help advance th
Slide 15: Support from Export-Import Bank of the United States
Support from Export-Import Bank of the United States For personal use only • EXIM Bank Support: Non-binding Letter of Interest from the U.S. Export-Import Bank for up to US$456 million in debt financing, covering the initial capex for the Cowboy State Mine (CSM) as outlined in the March 2024 Scoping
Slide 16: Tier 1 Jurisdiction & Key Infrastructure Nearby
Tier 1 Jurisdiction & Key Infrastructure Nearby The Fraser Institute ranks Wyoming the 9 th most favorable mining jurisdiction out of 86 globally 1 • The Cowboy State mine is on state land, which historically leads to faster permitting (~3 years) vs. projects on Federal land (up to 10 years +) For p
Slide 17: Strong Partners
Strong Partners For personal use only US Department of Energy US Department of Defense Advanced Research US Department of Energy Critical Materials Institute Projects Agency’s EMBER program (CMI) 18 AMERICAN RARE EARTHS | October 2024
Slide 18: Near Term Catalysts and News Flow
Near Term Catalysts and News Flow ● Drill assay results (pending) For personal use only ● Update resource models and mine planning ● Progress state permitting and environmental baseline studies ● Updates on US based investment, government funding and strategic partnerships ● Next phase of metallurgi
Slide 19: Contact
Contact For personal use only American Rare Earths Limited ABN 83 003 453 503 89 York Street Level 7, Suite 706 Sydney NSW 2000 Australia P: +61 2 8054 9779 W: www.americanree.com Media and Investor enquiries Jane Morgan M: +61 (0) 405 555 618 E: jm@janemorganmanagement.com.au . Follow Us A black A
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