Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Investor Presentation (September 2024)
18 slides from Meteoric Resources Nl's investor presentation, Sep 10, 2024
Slide 1: Investor Presentation: Caldeira Project Scoping Study
For personal use only ASX:MEI INVESTOR PRESENTATION Caldeira Project Scoping Study SEPTEMBER 2024 The world’s highest grade ionic adsorption clay REE project
Slide 2: Disclaimer
DISCLAIMER These materials prepared by Meteoric Resources NL (“Meteoric” or the “Company”) include forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “cont
Slide 3: Company Overview: MEI Snapshot
COMPANY OVERVIEW MEI SNAPSHOT ASX Code MEI For personal use only Share Price (09/09/24) A$0.09 Shares on Issue 2,291M Options / Rights 156M Market Capitalisation A$206M Cash (31/06/2024) pro forma A$44M BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Executive Director Dr Marcelo de Carvalho
Slide 4: Rare Earths and Why We Need Them
RARE EARTHS AND WHY WE NEED THEM For personal use only 4 REE have permanent magnet power Light Rare Earth Elements Heavy Rare Earth Elements (LREE) (HREE)
Slide 5: Strong Demand Fundamentals
STRONG DEMAND FUNDAMENTALS Global demand forecasts for NdPr depend on the market penetration of renewable energy technologies Global Demand for NdPr (kt)1 For personal use only Electric Vehicles Wind Power Other Sectors2 Total 62kt 26kt 171kt 83kt 53kt 33kt 45kt 93kt 63kt 12kt 6kt 6kt 2023 2033 Low
Slide 6: Rare Earth Supply Chain Dominated by China's Vertical Integration
RARE EARTH SUPPLY CHAIN DOMINATED BY CHINA’S VERTICAL INTEGRATION China accounts for approximately ~90% of all rare earth oxide production globally; and effectively 100% of all heavy rare earth oxide production Global market share of rare earth supply chain (2023 estimate) For personal use only Chin
Slide 7: Price Settings for Rare Earths Are Not Sustainable
PRICE SETTINGS FOR RARE EARTHS ARE NOT SUSTAINABLE China has consolidated its rare earths enterprises, forming two mega conglomerates that have enhanced China’s purchasing power Western RE producers quarterly net operating cash flow vs NdPr price1 3 March 2022 Chinese government interview For person
Slide 8: Updated Nd+Pr Price
Updated Nd+Pr Price 08/09/24 80 Nd + Pr Spot price $61 NdPr price (US$/kg) For personal use only 75 MEI Scoping Study 70 Released on 08/07/24 65 Nd+Pr Spot price $51 60 55 24% 50 45 40 6 Sep 23 6 Nov 23 6 Jan 24 6 Mar 24 6 May 24 6 Jul 24 6 Sep 24 Bloomberg SHRAPNOX index.
Slide 9: Rare Earth Deposit Types and Comparables
RARE EARTH DEPOSIT TYPES AND COMPARABLES Ionic clay allows for expedited development timelines, reduced capex and lower opex than hard rock peers Ionic Clay-hosted REE Hard Rock-hosted REE For personal use only Investment ✓ ▪ ▪ Lower initial capex allows for increased scalability Typically, ~US$15/k
Slide 10: The Two Types of Rare Earth Deposits
The two types of Rare Earth Deposits Primary vs Secondary For personal use only
Slide 11: Tier Rare Earths Deposit in World Class Location
TIER 1 RARE EARTHS DEPOSIT IN WORLD CLASS LOCATION Phase 1 will focus on the southern licenses and target high grade zones with open-cut mining • PIADD001 – 143m @ 6,406ppm TREO [0m], with For personal use only o 6m @ 10,378ppm TREO [9m], o 6m @ 11,664ppm TREO [21m], and o 8m @ 23,946ppm TREO [85m]
Slide 12: The Southern Process Hub – Module Capão do Mel
The Southern Process Hub – Module 1 Capão do Mel - Plan view For personal use only Capão do Mel - Plan view
Slide 13: Operating Costs
OPERATING COSTS Production from Caldeira will be placed at the bottom of the industry cost curve • Outstanding operating cost efficiency driven by low Cost Metrics Unit Years 1-5 Average LOM Average input costs Annual C1 opex US$M 61 64 For personal use only Annual C1 opex US$/kg TREO 5.50 7.04 • 10
Slide 14: Capital Costs, Funding and Offtake
CAPITAL COSTS, FUNDING AND OFFTAKE Low capital intensity and operating costs make Caldeira a highly financeable project in all market conditions Description Cost (US$M) For personal use only Equipment 103 • Capital costs for the base case 5Mtpa processing facility Structural and Materials 36 and min
Slide 15: Simple Process Flowsheet with No Radioactive Tailings
SIMPLE PROCESS FLOWSHEET WITH NO RADIOACTIVE TAILINGS Caldeira’s favourable ionic clay metallurgy allows Meteoric to produce a refined mixed rare earth carbonate product at a significantly lower cost and energy intensity than hard rock peers For personal use only Key advantages Process Flowsheet Rec
Slide 16: Investment Proposition
INVESTMENT PROPOSITION Caldeira is the world’s most attractive rare earth development project and a true industry disruptor For ionic clay rare earth These industry leading metrics Caldeira can also be a low For personal use only projects, Caldeira has… have the potential to deliver… impact rare ear
Slide 17: Contact Us
For personal use only CONTACT US Meteoric Resources ABN 64 107 985 651 W www.meteoric.com.au A Level 1, 35 Ventnor Avenue, West Perth WA 6005 Dr Andrew Tunks - Executive Chairman T +61 400 205 555 E ajtunks@meteoric.com.au Nick Holthouse – CEO T +61 428 964 276 E nholthouse@meteoric.com.au ASX:MEI
Slide 18: Caldeira Project Resource Estimates – 740Mt @ 2,572 ppm TREO
CALDEIRA PROJECT RESOURCE ESTIMATES – 740Mt @ 2,572 ppm TREO World’s Highest Grade Ionic Adsorption Clay REE Deposit (1,000ppm TREO cut-off grade) (ASX 5/8/2024) JORC Material Tonnes TREO PR6O11 Nd2O3 Tb4O7 Dy2O3 MREO MREO Licence Category Type /TREO ppm ppm ppm ppm ppm ppm For personal use only Cap
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