Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (July 2017)
37 slides from Northern Minerals's investor presentation, Jul 3, 2017
Slide 1: Browns Range Rare Earths
NORTHERN MINERALS rowns Range Rare Earths Delivering critical technology metals to the world Powering Technology. a? 5. t
Slide 2: Disclaimer
Disclaimer HER AL ‘This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer ‘or invitation with respect
Slide 3: Mining at Browns Range to commence new heavy rare earths supply
mining at Browns Ra fh 2018, \ we will commence new supply — *— Of heavy rare earths to-the market = et or For personal us x =
Slide 4: Browns Range rare earth distribution and oxide composition
Northern Minerals Browns Range Rare earth distribution ' Rare earth oxide composition 2 Neodymium Europium 515% Cerium Terbium 477% 0.07% “ey Europium Dysprosium ‘ony Tr other Samarium —— howe Dar Praseodymium Lute =, ium Praseodymium — Lanthanum = samarium 2mm Neodymium — — ¥tterbium ween Yttrium —
Slide 5: Browns Range underway May 2017
Browns Range Underway ie 11 May 2017 Powering Technology.
Slide 6: Permanent magnets explained
Permanent magnets explained NORTHERN MINERALS Powering Technology. NdDyFeB permanent magnets are used by major electric vehicle (EV) and wind turbine makers Dysprosium enhances magnetic properties at higher temperatures Permanent magnets account for 25% of rare earth demand in tonnes and 80% in valu
Slide 7: Chinese carmakers to dominate EV production
Chinese carmakers to dominate EV production W@ & FoTOnN = —_—— Sy Gap GEELY jaan BAIC Group A ~ (Zz) ZL ARB CHERY ROOF rn) Zone aure CHANGAN > DL W 3 -~o Hamma @) cp 4£ DFM HAC NORTHERN re) vy GED = @ » MINERALS Powering Technology.
Slide 8: Browns Range full production addresses supply gap
For personal use only Browns Range Full production addresses supply gap and reduces potential for Terbium substitution
Slide 9: Dysprosium Oxide China US$/kg forecast
For personal use only Dysprosium Oxide 99%min China US$/kg forecast
Slide 10: For personal use only
For personal use only
Slide 11: Project Location
Project Location Darwin Wyndham & Kununurra\@ NORTHERN TERRITORY Project: JOHN GALT Project: BOULDER RIDGE Halls Broome Creek @ Project: BROWNS RANGE WESTERN AUSTRALIA NORTHERN MINERALS Powering Technology.
Slide 12: For personal use only
For personal use only • • • • • • • • • • • •
Slide 13: For personal use only
For personal use only
Slide 14: Financing
Sales Agreement Processing Plant Open Pit Mining Office & Camp Tailings Dam Schedule Feasibility Powering Technology. > OO cme Financing * Funding for Pilot Plant Develooment: — $29.5 million through placements — $32 million via R&D Financing Facility — $14 million through Lind Financing Facility —
Slide 15: Sales Agreements Secured
NORTHERN MINERALS Sales Agreements Secured we Financing Processing Plant Open Pit Mining Office & Camp Tailings Dam Schedule Feasibility Powering Technology. > JFMAG 100% of Browns Range Pilot Plant production to be purchased by a subsidiary of Guangdong Rising Asset Management Limited. Agreement wi
Slide 16: Direct shipping route to Lianyungang, China
For personal use only Direct shipping route from Wyndham or Darwin to Lianyungang, China
Slide 17: Modular processing plant
For personal use only Project Component: Modular processing plant Contractor: Sinosteel MECC Annual Production: 60,000tpa (based on 10 operating months per year) Capital Cost: A$39 million Status: Under construction in China
Slide 18: Open Pit Mining
For personal use only Project Component: Open Pit Mining Contractor: MACA Limited Scale: 180,000t ore mined Total Cost: A$6 million Status: Mining commenced June 2017 Entire mining project to be completed in November 2017
Slide 19: Associated infrastructure
For personal use only Project Component: Associated infrastructure Contractor: ATCO Details: Camp increased from 21 to 49 personnel New office and workshop facilities Capital Cost: A$1 million Status: Camp extension installed and small modifications to complete
Slide 20: Tailings Storage Facility construction
For personal use only Project Component: Tailings Storage Facility construction Contractor: MACA Limited Details: Construction of tailings storage facility Capital Cost: A$1.2 million Status: Commenced June 2017 using waste material from open pit mining
Slide 21: Schedule
Schedule Financing Sales Agreement 2017 2018 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Final Investment Decision Mining & Bulk Earthworks Design & Fabrication Processing Plant Open Pit Mining Office & Camp Installation Research & Development Tailings Dam Feasibility Powering Techno
Slide 22: For personal use only
For personal use only • • • – – – – – –
Slide 23: Key Personnel and Partners
Key Personnel and Partners Key Site Personnel: Chris Lee - Resident Manager Eben Van Rooyen - Project Manager SINOSTEEL onus PRIM=RO OG some JFMAG > Powering Technology. >
Slide 24: Browns Range Dome: under explored
Browns Range Dome: under explored 4 60km x 30km [] Northern minerals Granted Tenement [_] Northern minerals Tenement Application [5] Granted Mining Lease 80/627 ‘fr Northern Minerals REE Mineral Resource © Northern Minerals REE Prospects NORTHERN i a MINERALS Powering Technology. > ™"
Slide 25: Beyond Browns Range: John Galt
Beyond Browns Range: 0@ sexs Jonn Galt Powering Technology. Rock chip samples up to 42% TREO with approximately 95% Heavy REO Preliminary metallurgical tests indicate excellent recovery rates (>90%) with potential for concentrate grades >40% High grade mineralisation in talus (scree) material - hard
Slide 26: Beyond Browns Range: Boulder Ridge
Beyond Browns Range: — @@ sexs" Boulder Ridge ®@ Rock chip samples from the Boulder Ridge project confirm high-grade Heavy Rare Earths (HRE) ® Best results exceed 12% TREO, including up to 115% Dysprosium, with a dominance of HRE - up to 99%. ®@ Reinforces significant growth potential in Browns Rang
Slide 27: For personal use only
For personal use only • • • • • • • •
Slide 28: Corporate Overview
Corporate Overview Market capitalisation $78M (at 30 June 2017 @ $0.11) Ordinary Shares 709M Options and Performance Rights 70.7M Cash (30 June 2017) $8.5M Major shareholders 31 May 2017 a0 20 Australian Conglin International 28.6% a i Investment Group x00 oat g Huatai Mining 21.9% Eu one z ono Jien
Slide 29: Northern Minerals: Building an Australian Greenfields discovery
N NORTHERN MINERALS --@ipersonal use only Northern Minerals: Building an Australian Greenfields discovery — ——— = “eo
Slide 30: Appendices
Appendices NORTHERN MINERALS Powering Technology.
Slide 31: For personal use only
For personal use only ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢
Slide 32: Mineral resource notes
For personal use only 1 – Rounding may cause some computational discrepancies (TREO (metal) tonnes estimated from Mt x TREO%)
Slide 33: Ore Reserves
Ore Reserves NORTHERN MINERALS REO Dy.O O ) Depo atio O g g g g g g g g onne ° ed ontained ained ° ed OPEN PIT Wolverine Probable 833,000 | 615 5,124,000 | 0.55 460,000} 0.08 66,000 | 3.59 2,989,000 Gambit West Probable 219,000 | 10.10 2,212,000 | 0.83 182,000 on 25,000 | 5.52 1,209,000 Gambit Proba
Slide 34: Notes on rounding and TREO
For personal use only Figures may not add due to rounding TREO = Total Rare Earth Oxides- Total of Dy2O3,La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
Slide 35: Board of Directors
For personal use only Colin McCavana - Non-executive Chairman Mr McCavana has more than 35 years of management experience worldwide in the earthworks, construction and mining industries. George Bauk - Managing Director / CEO George is an experienced executive, with over 25 years’ experience in the r
Slide 36: Management team
For personal use only George Bauk Mark Tory Robin Jones Robin Wilson Bin Cai Managing Director / CEO Chief Financial Officer Chief Operating Officer Exploration Manager Executive Officer George is an experienced Mark is a Chartered Robin has more than 20 Robin has held senior Bin is the MD of Congli
Slide 37: The Northern Minerals Spirit
The Northern Minerals SPIRIT OG siete SAFETY TEAMS ial J2 PEOPLE NORTHERN MINERALS INITIATIVE RESULTS Powering Technology. ao INTEGRITY
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