Northern Minerals Limited · ASX:NTU
Northern Minerals — 2011 BBY Rare Earth Conference
29 slides from Northern Minerals's conference presentation, 2011
Slide 1: Exploring High Value Heavy Rare Earths
Exploring High Value Heavy Rare Earths 2011BBY RARE EARTH CONFERENCE George Bauk Managing Director ASX: NTU
Slide 2: Important Notice
Important Notice 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 invitation with respect t
Slide 3: Company Overview
Company Overview • High value Heavy Rare Earth projects Rare Earth Elements • Xenotime mineralisation - simple • Strategic 11,000km2 land position Uranium • Unconformity style targets • Close to rail and road, growth commodity Phosphate • PCF Capital engaged to divest/seek partner • Expanded and exp
Slide 4: Diverse “New Energy” Portfolio
Diverse “New Energy” Portfolio
Slide 5: Capital Structure
Capital Structure ASX Codes NTU Ordinary Shares 169.7m* Listed Options NTUOA $0.20 expires 30 Sept 2012 11.6m NTUOB $0.15 expires 31 Mar 2012 14.3m Unlisted Options Various prices and expiry dates 8.5m Trading Summary Market Capitalisation Major Shareholders $120m (as at 7 April 2011 @ $0.705) 52 we
Slide 6: Board & Management
Board & Management Kevin Schultz Adrian Griffin Non Executive Chairman Non Executive Director ̶ Formerly Managing Director ̶ Specialising in mine management – Polaris Metals and production ̶ Global industry experience, ̶ Managing Director Midwinter multi commodity Resources George Bauk Dudley Kingsn
Slide 7: REE - new technology, new energy
REE - new technology, new energy
Slide 8: REE - uses
REE - uses Electronics - Faster, lighter, smaller and more efficient Clean energy - increasing efficiency, reducing emissions
Slide 9: HREE – serious supply shortfalls
HREE – serious supply shortfalls China produces 95% of world’s REE and 99.8% of all Heavy REE New near term production from other countries is predominately light REE HREE Supply confined to Southern China, where there are significant resource and environmental issues If China conserves HREEs for it
Slide 10: Demand for ‘Heavies’
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 40% of global demand.
Slide 11: Rare Earth Prices
Rare Earth Prices Gadolinium Oxide $142 Yttrium Oxide Samarium Oxide Dysprosium Oxide $10.50 $6.85 Europium Oxide $85 $300
Slide 12: Browns Range Project
Browns Range Project Significant heavy rare earth discoveries confirmed in the East Kimberley Block in 2009 Wide spaced radiometric imagery used in the identification of HREE mineralisation at Browns Range Xenotime mineralisation is hosted within hydrothermal quartz veins and quartz vein breccias 20
Slide 13: Browns Range – 2010 Exploration
Browns Range – 2010 Exploration Encouraging rock chip assay results up to 8.55% TREE Soil sampling highlights extensive HREE geochemical anomalies at the Wolverine, Gambit, Area 5 North and Area 5 prospects Rock chips analysis indicates a dominance (>85%) of high value HREE, and extend target area M
Slide 14: Browns Range – HREE Distribution
Browns Range – HREE Distribution Distribution of Rare Earths* Preliminary tests indicate: Light • Majority of the rare earths 6% Gadolinium elements in the high value Samarium 6% heavy rare earths category 2% Other – Heavy Rare Earths 3% represents 86% Erbium 6% • Low radioactivity Ytterbium 6% – Ur
Slide 15: Processing Xenotime
Processing Xenotime 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 xenotime concentrate Browns
Slide 16: Browns Range – Work Program
Browns Range – Work Program High resolution airborne magnetics and radiometrics survey – Q2 2011 RC Drilling program ~ 5,000m at Area 5/Area 5 North and Gambit/Wolverine targets – Q2 2011 On-going metallurgical studies of mineralisation from the four priority drill targets – Q2 & Q3 2011 Soil/rock c
Slide 17: Future HREE Exploration Potential
Future HREE Exploration Potential Historical reports of xenotime occurences 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 landholder in a potential H
Slide 18: John Galt Project
John Galt 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 study confirms dominance of HREE at John Galt Northern Minerals has option to acquire
Slide 19: John Galt – Historical Exploration
John Galt – Historical Exploration 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 20: John Galt – Historical Drill Intersections
John Galt – Historical Drill Intersections 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 samples Not a
Slide 21: John Galt – HREE Distribution
John Galt – HREE Distribution Historical Sampling indicate: Distribution of Rare Earths* • Majority of the rare earths elements in the high value heavy rare earths category − Heavy Rare Earths represents 94% • Significant Yttrium, Dysprosium, Terbium, and Erbium(HREE) − Significant Gadolinium and pr
Slide 22: John Galt - Work Program
John Galt - Work Program Further regional compilation and 3D Interpretation of data – Q2 2011 Aboriginal Heritage Survey - Q2 2011 High resolution helicopter magnetics and radiometric survey - Q2 2011 Reconnaissance geological mapping - Q2 2011 Detailed structural mapping and systematic program of r
Slide 23: 2011 – The Year Ahead
2011 – The Year Ahead Schedule of Exploration Program QTR 1 QTR 2 QTR 3 QTR 4 Rebranded to Northern Minerals x Browns Range geophysics x John Galt geophysics x REE drilling at Browns Range x John Galt soils/rock chip sampling x Finalise NT tenements with T/Os x Follow up REE drilling at Browns Range
Slide 24: Value Proposition
Value Proposition Rare Earths Prospective High Value HREE projects Xenotime mineralisation – amenable to processing Uranium Highly prospective high grade unconformity-related targets 11,000km2 with 30km of drill target areas to date Phosphate Strategic location, near to infrastructure and existing p
Slide 25: For more information
For more information 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
Slide 26: Appendices
Appendices
Slide 27: Gardiner-Tanami Project
Gardiner-Tanami Project Gardiner-Tanami Large project, multiple uranium targets 100% ownership NTU now holds rights for all minerals Gardner Range JV Earning up to 60% JV with Manhattan (ASX:MHC)
Slide 28: Gardiner-Tanami Drilling
Gardiner-Tanami Drilling Soma Intersected Gardiner Sandstone / Killi Killi formation Confirms large (8km) target for high grade unconformity mineralisation Follow up drilling in 2011 The Don Encouraging gold intersections - 2m @1.74ppm Au Follow-up drilling at The Don, Whites Beach and Venus gold ta
Slide 29: Phosphate Projects
Phosphate Projects Phosphate – strong growth forecast with increasing population and food demand Well located portfolio in close proximity to existing phosphate deposits and infrastructure Projects in prospective Georgina and Amadeus Basins PCF Capital engaged to divest and/or seek JV partner