Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Investor Presentation (December 2020)
15 slides from Ionic Rare Earths's investor presentation, Dec 9, 2020
Slide 1: New World Metals Investor Day
For personal use only New World Metals Investor Day Makuutu – a Long Life, Low-Cost & High-Value, Critical Heavy Rare Earths Project 9 December 2020
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide shareholders with an
Slide 3: Ionic Rare Earths Limited Corporate Snapshot
Ionic Rare Earths Limited Corporate Snapshot For personal use only CAPITAL STRUCTURE (as @ 4/12/2020) SHARE PRICE (ASX: IXR) (Last 12 months) Covid-19 $0.020 Shares Outstanding 2,752,028,086 $0.018 $0.016 463,400,000 $0.014 Total Options Outstanding (exercisable at 0.75 to 2.15 cents) $0.012 $0.010
Slide 4: A Long Life, Low-Cost & High-Value, Critical Heavy Rare Earths Development Opportunity
A Long Life, Low-Cost & High-Value, Critical Heavy Rare Earths For personal use only Development Opportunity IonicRE developing the Makuutu Rare Earths Project • Strategically / geopolitically significant Critical and Heavy Rare Earth Elements (“REE”) project located in Uganda, at advanced explorati
Slide 5: Pending Mineral Resource Estimate Update
Pending Mineral Resource Estimate Update For personal use only Material MRE update expected in Q1 2021 to support substantial increase in Project scale • Current MRE of 78.6 Mt @ 840 ppm Total Rare Earths Oxide (TREO) 1, at a cut-off grade of 300 ppm TREO-Ce2O3; while maintaining the Exploration Tar
Slide 6: Makuutu Eastern Zone – Extending the trend further east
Makuutu Eastern Zone – Extending the trend further east ….. For personal use only MEZ showing elevated HREE content following basin margin east plus new ground applied for • Radiometric anomaly and basin margin confirmed as limits of REE ionic clay mineralisation • Applications for new Exploration L
Slide 7: Metallurgy and Processing
Metallurgy and Processing Simple Heap Leach process selected using dynamic heaps For personal use only • Sequential / Counter-Current REE extraction via salt desorption using Ammonium Sulfate ((NH 4)2SO4) & Sulfuric Acid (H2SO4) • Heap leaching using H2SO4 analogous with Cu heap leaching with 5-10 g
Slide 8: Advantage of Ionic Adsorption Clays (IAC)
Advantage of Ionic Adsorption Clays (IAC) For personal use only Significant project and cost advantages with IAC projects like Makuutu vs hard rock REE projects Comparison above of two baskets1; • Bastnaesite at Mountain Pass (USA) on left with nearly 80% made up of low value La/Ce product, basket v
Slide 9: China's REE Dominance – IACs provides HREE Balance
China’s REE Dominance – IACs provides HREE Balance For personal use only Handful of LREE mineral mines with numerous small scale HREE Ionic Adsorption Clay operations • China derives the bulk of the total REE production for a handful of mineral LREE mines that produce LREE mineral concentrates; • 3
Slide 10: China's REE Dominance – Depletion of IACs
China’s REE Dominance – Depletion of IACs For personal use only Excessive and illegal mining of IACs depleted reserves and drove implementation of quotas → Not easily replaced • China implemented controls in 2006 – China began to exercise total amount control over REE exploitation & put a limit on t
Slide 11: Makuutu Basket – Strategic Alternative for CREO/HREO
Makuutu Basket – Strategic Alternative for CREO/HREO For personal use only Makuutu Preliminary Product Basket3 • Product generated from metallurgical optimisation testwork 1 infers basket price of approx. US$38.70/kg REO2 at La; 13.0% • Ionic Adsorption Clay (IAC) products achieve payability of 70-8
Slide 12: Tier-One Infrastructure already there!
Tier-One Infrastructure already there! For personal use only Logistics • Approximately 10 km from Highway 109, connecting Makuutu to both capital city Kampala and Port of Mombasa, Kenya • Approximately 20 km from rail line connecting to Port of Mombasa Power • Large hydroelectric generation capacity
Slide 13: Target Pathway to Development – Next 12-24 months
Target Pathway to Development – Next 12-24 months For personal use only COMMENCE BY COMPLETE BY Receipt of Renewal of RL 1693, new EL applications awarded In progress Q4 2020 Mineral Resource Update After final assays Q1 2021 Updated Scoping Study In progress Q1 2021 Environmental and Social Impact
Slide 14: IonicRE Value Proposition
IonicRE Value Proposition For personal use only Makuutu – a Long Life Asset to Supply Low-Cost, High-Value Critical & Heavy Rare Earths • A unique opportunity – vastly different to the numerous REE hard rock projects looking for financing • Exploration Program has defined Mineral Resource Estimate w
Slide 15: Ionic Rare Earths Limited
For personal use only Ionic Rare Earths Limited Level 1, 34 Colin Street T +61 8 9481 2555 West Perth WA 6005 Australia F +61 8 9485 1290 www.ionicre.com.au
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