Slide 1: Growing Cummins - Range Rare Earths Project Company Update
Growing Cummins For personal use only Range Rare Earths Project Company Update December 2021 ASX | REE rarex.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 8 December 2021 and authorised for release by the Board. The information in this presentation is of a general background and does not purport to
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~40% OTCQB Code REEEF Share Price (3rd December 2021) $0.10 Number of Shareholders ~5,200 Shares on Issue 452m Substantial Shareholder Simon Lee AO (6.5%) Market Capitalisation $45.2m Cash and In
Slide 4: Investment Overview
Investment Overview For personal use only • Strategically located asset: 100% owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Substantial resource: 18.8mt at 1.15% TREO + 0.14% Nb2O5, including 6.5mt at 1.98% TREO + 0.21% Nb2O5 • Outstanding recent results
Slide 5: Rare Earths and Niobium - a massive growth opportunity
Rare Earths and Niobium - a massive growth opportunity For personal use only Niobium and Rare Earth Elements share common end uses undergoing massive growth through the technology revolution, with Niobium backed up by the ever increasing growth in steel alloys End Market Applications Global End Mark
Slide 6: Rare Earths Prices on the Rise
Rare Earths Prices on the Rise For personal use only NdPr Prices risen sharply over last few months - Currently US$136/kg 60 59 Nd Neodymium Pr Praseodymium NdPr Market Balance Neodymium – Praseodymium Oxide Price (NdPr) US$/t Forecast NdPr Oxide market balance (kt) 10 5 0 -5 -10 -15 2020 2021 2022
Slide 7: ESG Framework
ESG Framework For personal use only • RareX Announced its Maiden ESG framework in September 2021 developed in conjunction with industry leader Price Waterhouse Cooper. • RareX has aligned itself with the World Economic Forum “WEF” Principles • RareX already contributes 3.5% of its annual exploration
Slide 8: Significant JORC Resource
Significant JORC Resource For personal use only ∙ A large rare earth and niobium rich carbonatite deposit located in the Kimberley region of Western Australia ∙ Globally significant Indicated and Inferred JORC Resource 18.9Mt at 1.15% TREO + 0.14% Nb2O5 ∙ High-grade tonnes to 6.5Mt at 1.98 % TREO (i
Slide 9: Cummins Range - Grade and Scale
Cummins Range - Grade and Scale For personal use only 0.5% Tonnes TREO NdPr Nb₂O5 HREO Cut Off Mt % % % ppm ASX Listed Rare Earth Companies Primary Deposit Grades – TREO % Indicated 11.1 1.34 0.27 0.17 830 6% 5% Inferred 7.7 0.88 0.18 0.11 540 4% Total 18.8 1.15 0.23 0.14 711 3% 2% 1% 1.0% Tonnes TR
Slide 10: Growing the Resource
Growing the Resource For personal use only Cummins Range unique geology points to high grade potential • Carbonatite intrusive complex with REE mineralisation controlled by hydrothermal fluids • Historic drilling mostly orientated in the wrong direction • Recognition of high grade main fault / brecc
Slide 11: Primary Mineralisation Confirmed
Primary Mineralisation Confirmed For personal use only
Slide 12: Initial Diamond Results
Initial Diamond Results For personal use only First batch of assays confirm true width of the Main Fault to be >40m and identify new mineralised position, highlighting the deposit’s exceptional growth potential • CRX0063 intersects multiple mineralised zones, including: • Main Fault – 41m at 2.4% TR
Slide 13: Initial Diamond Results
Initial Diamond Results For personal use only Proof of High Grade primary rare earths and niobium mineralisation in CDX007 • Primary Zone – 34.6m at 1.3% TREO and 0.4% Nb2O5 including 3.6m at 2.5% TREO and 0.7% Nb2O5 Strong economic drivers in the primary zone including • Good NdPr content up to 24%
Slide 14: Study Work
Study Work For personal use only • Recent Exciting Drilling results – potential change in Scope • Recently appointed GM Projects Mr James Durrant • Scoping Study scheduled for completion March Quarter 2022 • Industry Leading experts now all appointed Consultant Scope Gavin Beer Rare Earth Element, m
Slide 15: Key Investment Takeaways
Key Investment Takeaways For personal use only 1 High-quality, advanced Rare Earths Project in WA 2 Resource upgrade announced 3 Confirmation of high grade primary mineralisation 4 Rare Earths prices rising strongly 5 Cosmos Exploration IPO completed With a $45m market capitalisation, the Company is
Slide 16: Appendix
Appendix 1 For personal use only Company Grade Measured & Inferred Total Location Stage Source TREO % Indicated Resource Resource Lynas Rare 5.400% 29.5 25.9 55.4 WA Production https://lynasrareearths.com/wp-content/uploads/2019/05/190522-Clarification-of- Earths Mineral-Resource-and-Ore-Reserve-Fig