Astron Limited · ASX:ATR
Astron — Unearthed Bell Potter Conference 2023
22 slides from Astron's conference presentation, Feb 7, 2023
Slide 1: A New Generation of Critical Minerals Development
For personal use only A New Generation of Critical Minerals Development Donald Rare Earths & Mineral Sands Project Astron Corporation Limited (ASX:ATR) Unearthed Bell Potter Conference Presentation – February 2023 Astron Corporation ASX:ATR
Slide 2: Disclaimer
Disclaimer For personal use only 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
Slide 3: Donald – A Tier-1 Resource, Primed for Development
Donald – A Tier-1 Resource, Primed for Development For personal use only Globally Significant Rare Earth & Zircon Resource Extensive Metallurgical Test Work & Project Engineering Advanced Regulatory Approvals Defined Timeline to Production Donald Mining Licence Area – located on flat, cropping farmi
Slide 4: Astron – Over years of Experience in Mineral Sands
Astron – Over 35 years of Experience in Mineral Sands For personal use only Extensive experience in the mineral sands industry, focused on delivering shareholder value through the development of the Donald Rare Earth & Mineral Sands Project. ASX Code ASX:ATR Commitment to improving share liquidity a
Slide 5: Board & Senior Management
Board & Senior Management For personal use only George Lloyd Tiger Brown Chairman Managing Director Over 35 years resource industry senior executive & director experience. Formerly overall Tiger joined Astron in 2018, holding various business development planning and responsibility for corporate dev
Slide 6: WIM-Styled Deposits - Significant Size and Scale
WIM-Styled Deposits - Significant Size and Scale Donald Project Geology For personal use only WIM-style deposits are typically flat, shallow & extensive. They usually contain greater tonnages and are more consistent in HM characteristics compared to coarse grained strandline deposits, providing for
Slide 7: Tier-1 Mineral Resource Position
Tier-1 Mineral Resource Position For personal use only Relative In-situ Resource & Grade of Ti & Zr of the Donald Project 2.0% TiO2% of resource1 1.8% Donald (ATR)2 2,634 Mt of Mineral Resource 1.6% Ranobe (BSE) 1.4% 1.2% Avonbank (WIM) Thunderbird (SFX) 4.6% of Heavy Mineral Grade 1.0% Fingerboards
Slide 8: Globally Significant Rare Earth Resource
Globally Significant Rare Earth Resource For personal use only Relative In-situ Rare Earth Resource Donald Project1 5.000 Contained TREO Resource (Mt) 4.500 Global monazite resource of 2.4Mt1 4.000 3.500 3.000 Mining Licence monazite resource: 378kt 2.500 Mining Licence xenotime resource: 136kt 2.00
Slide 9: Phased Development Plan of Scalable Project
Phased Development Plan of Scalable Project For personal use only Phase 1 - FY2024 Phase 2 - FY2027+ Phase 3 - FY2030+ MIN5532 RL2002 RL2003 Throughput: 7.5 Mtpa Throughput: 15 Mtpa Throughput: 15 Mtpa+, MSP Mine Life: >35 years On-site MSP Downstream Opportunities Astron Corporation ASX:ATR 9
Slide 10: Phase Project Parameters
Phase 1 Project Parameters For personal use only Key Financial Metrics1 Phase 1 Parameters1 Avg. of first 5 years Avg. over Phase 1 Capital Expenditure ~A$400 M Stripping Ratio 1.9:1 2.2:1 Revenue2 A$286m p.a. Production Profile REEC (50%) A$143m p.a. REEC ~9 ktpa ~8 ktpa HMC (50%) A$143m p.a. HMC ~
Slide 11: Extensive Test Work Primes Project for Development
Extensive Test Work Primes Project for Development For personal use only Indicative metallurgical recoveries1 Assemblage MUP WCP CUP Total ZrO2 99.6% 94.3% 99.0% 93.0% CeO2 99.5% 94.5% 96.5% 90.7% WCP Pilot Plant – MT, QLD, 2019 1. Astron’s Metallurgical Recoveries derived from ASX Announcement, Qua
Slide 12: Project Engineering Advanced Ahead of Feasibility Study
Project Engineering Advanced Ahead of Feasibility Study Experienced Technical Consultants Assisting with Feasibility Study For personal use only Geology Powerline Hydrogeology Water Pipeline Mining Studies Road Tailings Studies Environment & Approvals Process Plant Engineering Feasibility Study 3D P
Slide 13: Phase – Key Regulatory Approvals & Permits
Phase 1 – Key Regulatory Approvals & Permits For personal use only Key Approval Requirement1 Completed Date Expiry ATR Land Holdings (Project Area)4 Environmental Effects Statement 2008 N/A On - MIN5532 EPBC (federal) Mar-09 2034 831.3 Ha Cultural Heritage Management Plan Jan-14 Life of mine O
Slide 14: Reaching Production with Favourable Market Conditions
Reaching Production with Favourable Market Conditions Global NdPr Supply/Demand Forecast For personal use only - Tonnes (50,000) (100,000) 2021 2023 2025 2027 2029 2031 2033 2035 Source: TZMI Q2 2022 estimates Source: Pensana PLC Company Presentation, June 2022 Forecast Price of Monazite 20,000 USD
Slide 15: Donald Project Development Timeline
Donald Project Development Timeline For personal use only 2027+ Commencement of Phase 2 Q1 2024 Q3 2025 evaluation Commissioning of Phase 1 Mid 2023 FID and commencement Q4 2022 Execute off-take agreements of Phase 1 construction Drill results released. for HMC and REEC Revised Mineral Resource Stat
Slide 16: 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 Astron Corporation ASX:ATR
Slide 17: Appendix 1: High Value Rare Earth Concentrate Product Stream
Appendix 1: High Value Rare Earth Concentrate Product Stream Strategically positioned at the head of the value chain, Astron is in active discussions with Typical Donald Project Rare Earth Product1 For personal use only prospective processing partners for off-take agreements. By producing a rare ear
Slide 18: Appendix 2: Premium Zircon – Superior Attributes
Appendix 2: Premium Zircon – Superior Attributes Donald premium zircon, produced from Donald HMC, has been independently confirmed by Foshan Ceramics Institute (leading Chinese ceramics institute) to be suitable for For personal use only the premium ceramics market. Astron has extensive and long-ter
Slide 19: Appendix 3: Astron Corporation Simplified Organisation Chart
Appendix 3: Astron Corporation Simplified Organisation Chart For personal use only Astron Corporation Limited ASX Listed (ASX:ATR) (Hong Kong) Astron Pty Limited Senegal Mineral Resources Astron Titanium (Yingkou) (Australia) (Hong Kong) Hong Kong Holdings Ltd. (Hong Kong) Senegal Mineral Resources
Slide 20: Appendix 4: Competitor Information & Disclosure
Appendix 4: Competitor Information & Disclosure Information sources - Relative In-situ Resource & Grade of Ti & Zr of the Donald Project For personal use only 1. ASX Announcement, Sheffield Resources, ASX: SFX, 2022 Annual Report, 15 September 2022, Construction Stage 2. Kalbar Operations Pty Ltd, I
Slide 21: Appendix 5: Donald Project – Ore Reserves Statement
Appendix 5: Donald Project – Ore Reserves Statement For personal use only Based on the supporting mine planning completed, pit inventories to support an Ore Reserve Estimate, in accordance with JORC 2012 are shown in Table 1.1. Ore has been classified as Proven Ore Reserve, based on Measured Mineral
Slide 22: Appendix 6: Donald Project - Mineral Resource Statement
Appendix 6: Donald Project - Mineral Resource Statement For personal use only Note 1. The total tonnes may not equal the sum of the individual resources due to rounding. 2. The cut-off grade is 1% HM. 3. The figures are rounded to the nearest: 1mt for tonnes, one decimal for HM, Slimes and Oversize