Slide 1: The Global Benchmark
For personal use only The Global Benchmark For the new generation of rare earths and mineral sands projects ATR Noosa Presentation – July 2024 1
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT COMPETENT PERSONS STATEMENT This presentation has been prepared by Astron Corporation Limited (Astron or the “Company”). The information The information in this report that relates to the MIN5532 Mineral Resource estimate is based on information and contained in this
Slide 3: The Global Benchmark: Significant milestones achieved over last 12 months
The Global Benchmark Significant milestones achieved over the last 12 months with FID anticipated in FY2024 Achievements – last 12 months For personal use only Globally significant resource in a Tier-1, stable, jurisdiction Victorian Government Work Plan submitted, approval Approvals expected in H
Slide 4: Astron Corporation Limited
Astron Corporation Limited Establishing a world scale critical minerals producer Astron and its Global Partners Yingkou Mineral Separation Plant Focus For personal use only (Astron) • Our focus is delivering shareholder value through the commercialisation of the Donald Rare Earth and Mineral Sands P
Slide 5: Donald Project: Advancing Towards FID
Donald Project: Advancing Towards FID A globally significant critical minerals operation on the cusp of operations For personal use only Project Highlights Project Location • Robust financial metrics with multi-phased development approach, overall project forecast post-tax NPV8 of $2.2B over 58 year
Slide 6: Overview of Strategic Partnership with Energy Fuels Inc
Overview of Strategic Partnership with Energy Fuels Inc A joint venture that brings to life the Donald Project Transaction Highlights Transaction Structure For personal use only • Establishes an ethical, auditable Western-based rare earths value chain from mine to oxide • Aligns the Donald Project w
Slide 7: About Our Partner
About Our Partner Energy Fuels is a complementary partner who share our values and vision for growth EFR - A United States Critical Minerals Company White Mesa Mill, UT For personal use only • White Mesa Mill in Utah is the only existing facility in North • A leading US producer of critical minerals
Slide 8: Extensive Evaluation & De-risking
Extensive Evaluation & De-risking Project significantly de-risked through extensive test work demostrating high heavy mineral recoveries Geology Mining Processing For personal use only MRE Update Drilling program, 2022 Excavation of Bulk Sample Test-pit, 2018 Rare earth Flotation pilot plant, Nagrom
Slide 9: The Next Mineral Sands Development
The Next Mineral Sands Development Donald is the most advanced rare earths project on eastern seaboard Environmental For personal use only Effects Cultural Secondary Statement Heritage Export Permits Granted 2008 Mining Management Licence On-going Licence Plan Approved 2013 Scheduled H2 2024 Updatin
Slide 10: Experienced Team To Deliver
Experienced Team To Deliver Board, management and project team with strong project delivery experience George Lloyd Tiger Brown Chairman Managing Director For personal use only George has 40 years resource industry technical, corporate finance, Tiger joined Astron in 2018, holding various business d
Slide 11: Environmental, Social and Governance
Environmental, Social and Governance Astron is committed to successful rehabilitation of mined land Environment The Typical Mineral Sands Mine Lifecycle For personal use only • Progressive rehabilitation back to original landform • Detailed mine plan enables preservation of native flora and fauna, a
Slide 12: Project Timeline
Project Timeline The project has a dedicated and achievable timeline to first production and positive cash flows 2024 2025 2026 2027 For personal use only Activity Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Project Financing (Debt) Negotiations On-Min Approvals Review Off-Min Approvals Earthworks Final
Slide 13: Key Milestones
Key Milestones Astron’s key milestones in the lead up to FID Joint Venture completion facilitates debt financing For personal use only Project • Finalise HMC option study and HMC offtake arrangements Funding • Finalise project debt financing package, external funding opportunities • Finalise lenders
Slide 14: Further Information
Further Information For personal use only Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: contact@astronlimited.com Joshua Theunissen Company Secretary Tel: +61 3 5385 7088 Email: contact@astronlimited.com 14
Slide 15: Mineral Sands
Mineral Sands Used in Every-day Household Applications • Donald will initially export a heavy mineral concentrate product consisting For personal use only of zircon and titanium minerals HMC • Annual volume of 250ktpa, approximately 16 trucks per day first to the Doeen intermodal freight facility, a
Slide 16: Rare Earth Market
Rare Earth Market Permanent magnet demand drives demand for Rare Earths Rare Earth Elements (REE) Nd Pr For personal use only • Used in the production of rare earth alloys for permanent magnets Neodymium Praseodymium • Light REEs Nd & Pr found in Bastnaesite & Monazite minerals • Heavy REEs Tb & Dy
Slide 17: Donald Project Rare Earths
Donald Project Rare Earths Significant Assemblage of Valuable, Strategic Heavy Rare Earth Elements Donald Project REEC Basket value For personal use only • Donald’s REEC product is a high-quality monazite, xenotime concentrate that • The four critical magnet rare earths comprise 23.1% of the TREO co
Slide 18: The Donald Rare Earths & Mineral Sands Project
The Donald Rare Earths & Mineral Sands Project 100% owned world class asset in supportive jurisdiction with key regulatory approvals in place For personal use only Located in the Wimmera Region, ~300kms to the NW of Melbourne, Approximately 70kms from the closest regional city of Horsham Total licen
Slide 19: Economic benefits of the Donald Project
Economic benefits of the Donald Project Employment, Tax & Regional production Summary economic impact of the DMS Project FY24 to FY54 Local Project Region For personal use only Present value change in Average annual change in Average annual Project local area Region Gross State/Regional Gross State/
Slide 20: Donald Project Setting
Donald Project Setting Opportunity to dove-tail into community growth aspirations Community Environment For personal use only • Established community relationships and working committees • Developed and mostly cleared farmland • Community working group established since 2022 • Hypersaline groundwate
Slide 21: Appendix: Donald Project – Ore Reserve Statement
Appendix: Donald Project – Ore Reserve Statement MIN5532 RL2002 outside of MIN5532 The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral The Ore Reserve has been classified as Proven Ore Reserves, based on Measured Mineral Resources and Probable Ore Reserves, based on
Slide 22: Appendix: Donald Project – Mineral Resource Statement
Appendix: Donald Project – Mineral Resource Statement Mineral Resource above a 1% total HM cut-off Mineral Resource where VHM data is available reported above a cut-off of 1% total HM % of total HM Tonnes Total HM Slimes Oversize Tonnes HM Slimes Oversize Rutile/ Classification Classification Zircon