Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Fremantle RIU Explorers Conference 2024
17 slides from Meteoric Resources Nl's conference presentation, Feb 14, 2024
Slide 1: Caldeira - The World's Highest Grade Ionic Adsorption Clay REE Deposit
For personal use only Fremantle RIU Conference Caldeira - The World’s Highest Grade Ionic Adsorption Clay REE Deposit ASX:MEI February 2024
Slide 2: Disclaimer
DISCLAIMER The material in this Presentation has been prepared by Meteoric Resources NL (“Meteoric”) and is general background information about Meteoric’s current activities as at the date of this presentation. This information is given in summary form and does not purport to be complete. Informati
Slide 3: Company Overview
COMPANY OVERVIEW Supported by an experienced and competent Board, the share price has performed significantly well this year MEI Snapshot For personal use only ASX Code MEI Share Price (1/02/24 Close) A$ 0.195 Shares on Issue 1,940M Market Capitalisation A$328M / US$216M Cash (1/02/2024) A$ 32M Liqu
Slide 4: Investment Highlights – Caldeira Project
INVESTMENT HIGHLIGHTS – CALDEIRA PROJECT Developing the world’s largest rare earths deposit for a Western supply chain For personal use only Globally Significant Inferred Mineral Resource with Measured and Indicated updates to come 1 490 Mt @ 2,600ppm TREO Inferred Resource with High Grade Portion o
Slide 5: 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 6: Why Is It So Good?
WHY IS IT SO GOOD? For personal use only 6 INVESTOR PRESENTATION | February 2024
Slide 7: Caldeira Licences
CALDEIRA LICENCES Caldeira Project Highlights ▪ 69 Licences including 28 ML’s and 27MLA’s – for an area of 193km2 For personal use only ▪ Only 6 licences were drilled in previous exploration ▪ Project lies within the state of Minas Gerais approximately four hours drive north of Saõ Paulo Mature Juri
Slide 8: Meteoric's Drilling
METEORIC’S DRILLING Exploration Drilling (Outside the Caldeira Project Resource Estimate)1 ▪ CVSDD001 - 149.5m @ 8,912 ppm TREO [0m] For personal use only o with 52m @ 12,692ppm or 1.27 % TREO [61m] • PIADD001 – 143m @ 6,406ppm TREO [0m], with o 6m @ 10,378ppm TREO [9m], o 6m @ 11,664ppm TREO [21m],
Slide 9: Caldeira Project Maiden Resources – 409Mt @ 2626 ppm TREO
CALDEIRA PROJECT MAIDEN RESOURCES – 409Mt @ 2626 ppm TREO World’s Highest Grade Ionic Adsorption Clay REE Deposit (ASX 1/5/2023) JORC Tonnes TREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 MREO MREO/TREO For personal use only Licence Category Mt ppm ppm ppm ppm ppm ppm (%) Capão do Mel Inferred 68 2,692 148 399 4 22
Slide 10: Metallurgical Testwork
METALLURGICAL TESTWORK The current testwork program has proven the project’s IAC characteristics across all licenses Historic Metallurgy Bulk Sample New ANSTO Testwork Results commissioned by MEI ▪ 4,917ppm TREO1 ▪ 88% average over 9.4m from 2.6m in CDMDD004, including best ▪ MREO = 1,250 ppm For pe
Slide 11: Focus on Southern Licenses for the Caldas Plant
Focus on Southern Licenses for the Caldas Plant Quality consultants engaged to progress towards a de-risked FID to produce MREC at Caldeira Caldas Process Plant progresses with Current work packages to develop a For personal use only Circa 5Mtpa processing facility with a Figueira +4000ppm feed grad
Slide 12: A Green Mine for Green Metals
A Green Mine for Green Metals Ionic adsorption clay project flow sheet - powered by 100% Hydro electricity.. For personal use only 12 INVESTOR PRESENTATION February 2024
Slide 13: Brazil Government Collaboration
BRAZIL GOVERNMENT COLLABORATION State Government of Minas Gerais continues to assist with permitting and development support Collaboration Agreement Overview For personal use only ▪ Meteoric Resources has entered into a non-binding Cooperation Agreement with the State Economic Department (Invest Min
Slide 14: Key Packages Continue to De-risk in 2024
KEY PACKAGES CONTINUE TO DE-RISK IN 2024 Engineering • Ausenco Scoping Study completed – awaiting M and I resource update to announce financial metrics • Feasibility studies are underway - BFS or similar will be required by Lenders For personal use only • Recruitment of GM Projects Environmental • A
Slide 15: Indicative Project Timetable and Key Milestones
INDICATIVE PROJECT TIMETABLE AND KEY MILESTONES Focus is on 2025 for the construction permit and beyond with all key development packages progressing 2023 2024 2025 For personal use only MILESTONE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Caldeira Purchase Completion DD Complete Diamond Drilling – Phase 1
Slide 16: Looking Forward – Offtakes and Financing
LOOKING FORWARD – OFFTAKES AND FINANCING Developing relationships with downstream processing entities and Government agencies Meteoric continues to develop and progress relationships for a Western supply chain: For personal use only Financing and Grants • Australian Government - Export Finance Austr
Slide 17: Contact Information
Contact Information For personal use only 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
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