Red Mountain Mining Ltd · ASX:RMX
Red Mountain Mining — Investor Presentation (December 2019)
22 slides from Red Mountain Mining's investor presentation, Dec 10, 2019
Slide 1: Red Mountain Mining – Emerging Specialty Metals Company
For personal use only RED MOUNTAIN MINING Emerging Specialty Metals Company ASX:RMX December 2019
Slide 2: Corporate Overview
Corporate Overview For personal use only Investment Highlights Capital Structure Exposure to 2 exciting specialty metals projects in first class mining jurisdiction Shares on Issue 878,036,775 Low Enterprise Value presents compelling value Post Acquisitions 1,157,036,775 Share Price 0.6c Mount Kokeb
Slide 3: Board of Directors
Board of Directors For personal use only Board of Directors JEREMY KING Corporate advisor with over 20 years’ experience in domestic and international legal, financial and corporate matters. Currently NON-EXECUTIVE DIRECTOR serves as non-executive director of Smart Parking Limited (ASX: SPZ), Transc
Slide 4: Transaction Summary
Transaction Summary For personal use only Mt Kokeby (Kaolin DSO / HPA) – Initial Consideration Mt Mansbridge (HREE) – Initial Consideration • $250 000 AUD • $250 000 AUD • 155 million fully paid ordinary RMX shares • 155 million fully paid ordinary RMX shares Performance Based Deferred Consideration
Slide 5: Significant Valuation Upside
Significant Valuation Upside For personal use only (Market data as of the 4/12/19)
Slide 6: Specialty Metal Focus
Specialty Metal Focus For personal use only 2nd wave 2016 3rd wave 2019 1st wave 2014 Cobalt HREE – Dysprosium Lithium Manganese LREE – Nd, Pr Graphite Vanadium HPA Specialty Metal Thematic Changes in technology, in particular electric vehicles and new consumer devices have created a significant dem
Slide 7: Investment Rationale
Investment Rationale For personal use only Which companies last through Investment Euphoria, Exploration, Development and into production? Jurisdiction Sovereign risk and government support - WA is a safe, ethical and proven mining jurisdiction Frazer Institute 2018 survey ranks Western Australia 2n
Slide 8: Dual Project Strategy
Dual Project Strategy For personal use only Investment Highlights • Dual projects allow for year-round news flow and exploration with Mt Kokeby works coinciding with wet season at Mt Mansbridge (Kimberly) • Allows for meticulous and targeted approach to large Mt Mansbridge tenement package without s
Slide 9: Mount Kokeby
Mount Kokeby For personal use only Mt Kokeby Project Land package of circa 84km2 containing: E70/5205 (granted) contains 2 historic mining operations E70/5284 (under application) visual outcrops, operating rail line within boundary 99km from Perth and Port of Kwinana/Fremantle Parallel Development S
Slide 10: DSO Opportunity
DSO Opportunity For personal use only DSO Overview Strong demand from Asia for DSO Kaolin for traditional markets Superior Al2O3 grades >30% Al2O3 make Mt Kokeby area Kaolin highly suitable for DSO operations (as announced on 19th November 2019) Shallow flat lying deposit with little overburden impl
Slide 11: DSO Test-work/Due Diligence
DSO Test-work/Due Diligence For personal use only Channel Sampling (from RMX announcement on 19th November 2019) 9 samples taken from 5 locations representative of the overall historical pit area. Head assays confirmed and exceeded historical data undertaken by King Mountain mining in the 1970s Assa
Slide 12: DSO Test-work/Due Diligence – Size-by-size Analysis
DSO Test-work/Due Diligence For personal use only Size-by-size Analysis (from RMX announcement on 3rd December 2019) Results from size-by-size analysis showed exceptionally high alumina recoveries resulting in upgrading of Al2O3 grades. Alumina Recovery for -38um fraction size between 83.6% to 97.1%
Slide 13: HPA Opportunity
HPA Opportunity For personal use only HPA Overview HPA Market has experienced strong growth in demand for lithium-ion battery separator coating and LED lighting High grade Kaolin provides a significant competitive cost advantage versus traditional HPA production from Aluminium metal Offers complete
Slide 14: Historic Works
Historic Works For personal use only Historic Works Date Works 1916 3 bore holes drilled in the Mt Kokeby area all 3 intersected kaolin within 10m of surface 1941 - 1983 Intermittent small scale open pit mining in the Mt Kokeby area 1971 Scout drilling on 3 farms (Murray, Morrison, Eynon) intersecte
Slide 15: Favourable Infrastructure
Favourable Infrastructure For personal use only Rail Option Trucking Option Kwinana/Fremantle Port Great Southern Railway system All weather roads provide access 99km to Kwinana bulk carrier runs inside eastern boundary of to tenement package. port (DSO) and Port of Fremantle tenement package (HPA)
Slide 16: Mount Mansbridge
Mount Mansbridge For personal use only Project Overview The East Kimberly of Western Australia is a proven rare earth province hosting several rare earth deposits including Browns Range, Brockman, Cummins Range, John Galt and Mt Mansbridge Mt Mansbridge land Package in the East Kimberly totalling 28
Slide 17: Mount Mansbridge – Killi Killi and Déjà vu
Mount Mansbridge For personal use only Killi Killi - Rare Earths Rare Earth mineralisation first discovered at Killi Killi beds by BHP in the 1980s The presence of HREE mineral xenotime identified at Mt Mansbridge Quantum found REE mineralisation to occur within the basement rocks as well as being a
Slide 18: Xenotime & Heavy Rare Earths
Xenotime & Heavy Rare Earths For personal use only Rare Earths Overview China dominates rare earth production accounting for 80% of global REE production Chinas dominance is even more pronounced for HREE accounting for up to 98% of global HREE production Not all rare earths are made equal – heavy ra
Slide 19: Unconformity REE Model
Unconformity REE Model For personal use only New Unconformity Recent work by Northern Minerals in 2018 has uncovered a new unconformity-related REE mineralisation model Dazzler and Iceman deposits found at Browns Range are 2 such deposits which are characterised by high REE grades (2.23% TREO – Dazz
Slide 20: Project Development Plan
Project Development Plan For personal use only Mt Kokeby Mt Mansbridge • Metallurgical work to verify suitability of Al2O3 grade for • Data processing and target generation. Confirm geological DSO operation model for all target commodities • Twinning of selected holes to verify historical data • Sit
Slide 21: Appendix 1: Deferred Consideration
Appendix 1: Deferred Consideration For personal use only Mt Kokeby – Milestone Mt Kokeby – Deferred Consideration Commencement of Drilling on the Mt Kokeby Project Area $300 000 worth of Consideration shares at deemed price of 0.5c JORC compliant resource of 10mt of raw ore grading not less than an
Slide 22: Disclaimer
Disclaimer For personal use only Information in this presentation is for general purposes only, and is not an offer, recommendation, or invitation for investment in, or purchase of, Company securities; includes statements relating to past performance, which should not be regarded as a reliable indic
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