Rarex Limited · ASX:REE
Rarex — RIU Conference Sydney 2021
15 slides from Rarex's conference presentation, May 5, 2021
Slide 1: Super-charging our rare earths growth strategy in 2021
For personal use only Super-charging our rare eart hs grow t h st rat egy in 2021 NEW partners and NEW opportunities at a time of rising REE prices RIU Conference Sydney │ May 2021 Jeremy Robinson │ Managing Director
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Compet ent Person St at ement For personal use only This presentation contains summary information about RareX Limited (REE) and is current as of 4th May 2021. The information in this presentation is of a general background and does not purport to be complete. This presentation is not i
Slide 3: Investment Overview
Invest ment Overview For personal use only • Strategically located asset: 100%-owned Cummins Range Rare Earths Project in WA – Tier-1 mining jurisdiction • Significant maiden JORC 2012 Inferred Rare Earths Mineral Resource: 13Mt at 1.13% TREO with 22.1% NdPr • Assays of up to 70m at 5.4% TREO and 0.
Slide 4: Corporate Snapshot
Corporat e Snapshot For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~40% Number of Shareholders ~5,200 Share Price (4th May 2021) $0.10 Substantial Shareholder Simon Lee AO (5.8%) Shares on Issue 433m Market Capitalisation $43.3m Net Cash $4.5m Share Price Liste
Slide 5: Rare Earths Market
Rare Eart hs Market For personal use only End Market Applications Global End Market Growth Passenger, Forecast Passenger EV Sales (m) Electric commercial. Electric trains and other Vehicle transportation. 40 motors Approx. 1kg NdPr per EV1 30 Consumer Smart speakers, 20 electronics computer speakers
Slide 6: Rare Earths Prices on the Rise
Rare Eart hs Prices on t he Rise For personal use only Magnet Metals – Neodymium (Nd) Praseodymium (Pr), Dysprosium (Dy) and Terbium 60 59 (Tb) Prices have risen sharply over past 6 months. These account for +90% of the potential revenue for Cummins Range. Nd Neodymium Pr Praseodymium NdPr Market Ba
Slide 7: Cummins Range Rare Earths Project
Cummins Range Rare Eart hs Project For personal use only • Tier-1 mining jurisdiction: Located in the Kimberley region of Western Australia • Government Support Available: Critical Minerals Facilitation Office, NAIF EFA, etc. • Committed to high ESG standards: Good relations with Kimberley Land Coun
Slide 8: Previous Drill Program
Previous Drill Program For personal use only • Recently completed 6,143m of drilling: • Neodymium and Praseodymium “NdPr” content of 22.1% and ultra low thorium of 50ppm ThO2 equals premium product • Weathered carbonatite with REE mineralisation mostly hosted within laterite horizon (same at Mt Weld
Slide 9: Drilling set to Commence in May 2021
Drilling set t o Commence in May 2021 For personal use only • Mineralisation open in all directions….significant upside to be targeted with next round of drilling
Slide 10: Project Timeline
For personal use only Project Timeline March Quarter June Quarter September Quarter December Quarter Drill Planning Drilling Underway Scoping Study Complete PFS Underway Resource Underway Resource Upgrade Further Drilling Off-Take Negotiations Metallurgy Underway Metallurgy Stage 1
Slide 11: Commercialisation – Low Capital Strategy
Commercialisat ion – Low Capit al St rat egy For personal use only • Rare Earth mineralogy dominated by monazite – the most Proposed Aust ralian Refineries well-understood Rare Earth Mineral from a processing perspective • RareX consulting metallurgist Mr Gavin Beer to lead metallurgical testwork on
Slide 12: MoU with Shenghe Resources
MoU w it h Shenghe Resources For personal use only • Non-Binding MoU executed with Global Rare Earths Producer Shenghe Resources • Shenghe Resources Holdings Co is a vertically integrated US$4.6Bn global rare earths producer, major shareholder of MP Materials and supplier to Apple Inc • Establishes
Slide 13: NSW Copper-Gold Assets
NSW Copper-Gold Asset s For personal use only • RareX retains a 35% free-carried interest over multiple projects and owns 7.0% of ASX Listed Kincora Copper • Kincora currently focussing on Trundle Project with two diamond drill rigs • Recently listed on ASX with A$12m • Kincora exploration led by Jo
Slide 14: Cosmos Exploration IPO
Cosmos Explorat ion IPO For personal use only • RareX to spin-off a separate ASX-listed vehicle called Cosmos Exploration Limited (proposed ASX: CEX) via Initial Public Offer “IPO” • Will acquire a the Byro East Projects in the Gascoyne region of WA, targeting magmatic nickel-copper-PGE sulphides •
Slide 15: Key Investment Takeaways
Key Invest ment Takeaw ays For personal use only 1 High-quality, advanced Rare Earths Project in WA 2 High-impact drill program set to commence shortly 3 Rare Earths prices rising strongly 4 Free-carried in exciting NSW copper-gold exploration projects 5 Cosmos Exploration set list via IPO, unlockin