Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — 121 Mining Investment Forum – Frankfurt & London (November 2022)
36 slides from Ionic Rare Earths's conference presentation, Nov 18, 2022
Slide 1: Sustainably Sourcing Magnet and Heavy Rare Earths to Reach Net Zero Carbon Ambitions
For personal use only Sustainably Sourcing Magnet and Heavy Rare Earths to Reach Net Zero Carbon Ambitions 121 Mining Investment – Frankfurt & London IONICRE.COM.AU November 2022
Slide 2: Cautionary Statement
Cautionary Statement For personal use only IMPORTANT NOTICE AND DISCLAIMER 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
Slide 3: IonicRE's Vision
IonicRE’s Vision For personal use only Integrated, Full Life-Cycle Rare Earth Company Mining Rare Earths Refining Rare Earths Recycling Rare Earths • Mining magnet and heavy rare • Developing standalone refinery to • Recycling secondary sourced spent earths from the Makuutu Rare separate magnet and
Slide 4: IonicRE Corporate Snapshot
IonicRE Corporate Snapshot For personal use only STRATEGIC VALUE DRIVEN BY THE UNIQUE MAGNET AND HEAVY REO BASKET $0.10 200 CAPITAL STRUCTURE (as @ 04/11/2022) Shares Outstanding 3,872,604,920 Volume Share Price $0.09 180 Total Options Outstanding 199,000,000 (exercisable at 1.8 to 6.4 cents) $0.08
Slide 5: Rare Earth Supply Chain – Alternate capacity requires long term investment
Rare Earth Supply Chain – Alternate capacity requires long term investment For personal use only SUSTAINABLY SOURCING THE MOLECULES WILL REQUIRE DEVELOPING ALTERNATIVE CAPACITY GLOBALLY • Rare earths are amongst the most resource-critical raw materials: they are of highest economic importance and at
Slide 6: IonicRE aspires to build alternative supply from mine and recycling
IonicRE aspires to build alternative supply from mine and recycling For personal use only DEVELOPING A SECURE, TRACEABLE, MAGNET AND HEAVY RARE EARTH SUPPLY CHAIN TO FACILITATE NET ZERO CARBON AMBITIONS The Mine – Makuutu The Refinery – Unlock flow of The Basket – High Margin Sustainable REO Product
Slide 7: Makuutu Rare Earths Project
For personal use only Makuutu Rare Earths Project Low Capital, Modular, Ionic Adsorption Clay Project IONIC RARE EARTHS PAGE 7
Slide 8: Harnessing the wide appeal of the Makuutu Basket
Harnessing the wide appeal of the Makuutu Basket For personal use only MAKUUTU PROVIDES A UNIQUELY BALANCED BASKET RICH IN MAGNET AND HEAVY RARE EARTHS MLA on RL 1693 – Stage 1 Makuutu is unique and Existing Infrastructure at Significant Exploration upside at receiving global interest due to Makuutu
Slide 9: Significant Advantages for IAC Mining/Processing vs Hardrock
Significant Advantages for IAC Mining/Processing vs Hardrock For personal use only Ionic Clay Rare Earth Elements Vs Hard Rock Rare Earth Elements Ionic Adsorption Clay (IAC) deposit mineralisation is highly Significant project and cost advantages associated with ionic clay projects like Makuutu des
Slide 10: The REE Basket Problem – the Solution requires HREE Balance
The REE Basket Problem – the Solution requires HREE ‘Balance’ For personal use only IONICRE THROUGH MAKUUTU CAN DELIVER UNIQUE HREE BALANCE TO WESTERN LREE PRODUCTION IAC HREE mines complement hardrock LREE mines Ionic Adsorption Clay (IAC) deposit mineralisation is highly desirable in China, provid
Slide 11: Tier-One Infrastructure already there – supports low CAPEX Development
Tier-One Infrastructure already there – supports low CAPEX Development For personal use only EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT LOGISTICS Approximately 10 km from Highway 109, connecting Makuutu to both capital city Kampala and Port of Mombasa, Kenya Approximately 20 km fr
Slide 12: Makuutu Mineral Resource Estimate and Mining Lease Application
Makuutu Mineral Resource Estimate Mining Lease Application For personal use only MAKUUTU MRE CURRENTLY >500 MILLION TONNES, FOCUS FOR MLA ON MAKUUTU CENTRAL ZONE (RL 1693) JORC MRE1 of 532 million tonnes @ 640 ppm Total Rare Earths Oxide (TREO), at a cut-off grade of 200 ppm TREO-CeO2 76% of Makuu
Slide 13: Exploration Target Updated – Potential to Double Resource
Exploration Target Updated – Potential to Double Resource For personal use only EXPLORATION TARGET REVISED INDICATING SIGNIFICANT UPSIDE AT EL00147 PLUS NEW TARGET TO NORTH WEST (EL00257) Updated Exploration Target1 reported 216 – 535 million tonnes grading 400 – 600 ppm TREO* *This Exploration Targ
Slide 14: ESG initiatives advancing at Makuutu
ESG initiatives advancing at Makuutu For personal use only ESG FRAMEWORK TO BUILD LASTING LEGACY, DEFINING PATH TO NET ZERO CARBON RARE EARTH FOOTPRINT Environmental and Social Impact Rehabilitation to consider Community Support Programs Community socio-economic Assessment (ESIA) approved in develop
Slide 15: Member Participant of the UN Global Compact
IONIC RARE EARTHS IS A MEMBER PARTICIPANT OF THE UN GLOBAL COMPACT For personal use only TACKLING HUMAN RIGHTS, LABOUR, ENVIRONMENT AND ANTI-CORRUPTION IONIC RARE EARTHS PAGE 15
Slide 16: For personal use only
For personal use only IONIC RARE EARTHS PAGE 16
Slide 17: Makuutu Next Steps & Work Plan for 2023
Makuutu Next Steps & Work Plan for 2023 For personal use only 1. Finalising the Mining Lease Application for RL 1693, including Ore Reserve Estimate • Stage 1 Project considers 5Mtpa, 2 module plant • Enables scalable Project development into growing downstream market • Optimisation activities conti
Slide 18: Downstream Industries Empowered by IonicRE's Basket and the Supply Chain Opportunity
For personal use only Downstream Industries Empowered by IonicRE’s Basket and the Supply Chain Opportunity IONIC RARE EARTHS PAGE 18
Slide 19: IonicRE Basket is a highly strategic basket with escalating forecast value
IonicRE Basket is a highly strategic basket with escalating forecast value For personal use only DOWNSTREAM PROCESSING TO REO AND VALUE ADDED PRODUCTS UNLOCKS SIGNIFICANT UPSIDE REO Pricing • IonicRE progressing & evaluating downstream REE Makuutu (China) separation and refining circuit – Scoping St
Slide 20: China Dominates Global REE Separation & Refining Capacity
China Dominates Global REE Separation & Refining Capacity For personal use only ALL HEAVY RARE EARTH ROADS LEAD TO CHINA …. UNTIL NOW Global heavy REO separation and refining capacity operated NPM Silmet Estonia and controlled by China1 Light Rare Earth Separation and Refining Northern Rare Earths B
Slide 21: REE Supply Chain and IonicRE Capability to date
REE Supply Chain and IonicRE Capability to date For personal use only IONICRE ADDING CAPACITY TO BECOME INTEGRATED IN FUTURE RARE EARTH SUPPLY CHAINS 1. Makuutu Rare Earths Project 2. IonicRE Refinery 3. Magnet Recycling • Low Capital, modular development enables • Under Evaluation now assessing pot
Slide 22: NdFeB Permanent Magnet Supply Demand to 2050
NdFeB Permanent Magnet Supply Demand to 2050 For personal use only DEMAND FOR NEW NdFeB PERMANENT MAGNETS WILL EXCEED SUPPLY • Significant increase in demand for NdFeB permanent magnets from now to 2050, with 150% increase in total magnet capacity required forecast by 2050 • EV demand the main drive
Slide 23: Where do the Molecules come from?
Where do the Molecules come from? For personal use only WITH DEMAND INCREASING, WHERE ARE THE MOLECULES OF Nd, Pr, Dy & Tb GOING TO COME FROM? • Forecast deficit in magnet REOs from 2023 accelerating over the next decade DyTb deficit escalating now • There will be insufficient heavy rare earth oxi
Slide 24: Existing Chinese Supply – Sourcing DyTb from Myanmar
Existing Chinese Supply – Sourcing DyTb from Myanmar For personal use only CHINA INCREASING HARDROCK LREE MINED SUPPLY, IAC HREE SUPPLY QUOTA REMAINS STEADY • China has maintained IAC HREE mining quotas at same level since 2018 (19 ktpa) whilst ramping up readily available hardrock LREE production (
Slide 25: Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply
Geo-Political Tensions – Driving Demand for Alternative, Resilient Supply For personal use only GLOBAL DESIRE TO DEVELOP ALTERNATIVE RARE EARTHS SUPPLY CHAINS TO PROTECT MANUAFCTURING AND DEFENCE “ Lithium and rare earths will soon be more important than oil and gas. Our demand for rare earths alone
Slide 26: Facilitating Defence Capability
For personal use only Facilitating Defence Capability IonicRE basket – Heavy Rare Earth Strategic Appeal for Defence Applications IONIC RARE EARTHS PAGE 26
Slide 27: Magnet & Heavy REO crucial in Defence Applications
Magnet & Heavy REO crucial in Defence Applications For personal use only DEFENCE HREO SUPPLY CHAIN – PROVIDING SECURE SOURCE OPTION TO FACILITATE BUILDING STOCKPILES Makuutu Basket ~73% used in Defence Applications La2O3 13.5% Y2O3 25.4% Y2O3 used in F-35 presently sourced from IACs in southern Lu2O
Slide 28: Magnet & Heavy REO crucial in Defence Applications
Magnet & Heavy REO crucial in Defence Applications For personal use only DEFENCE HREO SUPPLY CHAIN – MAKUUTU POTENTIALLY SUPPLIES IT ALL US Navy Virginia Class Submarine • Numerous Magnet & HREO materials are used in defence applications in the engines, disk drive motors, radar of the aircraft, fin
Slide 29: Magnet & Heavy REO – IonicRE Production Delivers Every Need
Magnet & Heavy REO – IonicRE Production Delivers Every Need For personal use only US Navy Virginia Class Submarine La Sm Tb Pr Eu Lu Nd Dy Y Lockheed Martin F-35 Lightning II Joint Strike Fighter Rare Earth Elements in National Defense: Background, Oversight Issues, and Options for
Slide 30: Magnet Recycling and the Circular Economy of Rare Earths
For personal use only Magnet Recycling and the Circular Economy of Rare Earths IONIC RARE EARTHS PAGE 30
Slide 31: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling For personal use only RECYCLING OF MAGNET REO DOMINATED BY CHINA, MAKES UP 40% OF EXISTING GLOBAL SUPPLY ROW 1% 120 REO Production, Annual (ktpa) 100 80 60 40 20 China 0 99% 2021 2022 2023 2024 2025 2026 Refined magnet REO Recycled magnet REO Secondary sou
Slide 32: Ionic Technologies – NdFeB Magnet Recycling
Ionic Technologies – NdFeB Magnet Recycling For personal use only DEVELOPING CAPACITY ON RARE EARTH SEPARATION, REFINING AND RECYCLING • IonicRE advancing Ionic Technologies (formerly Seren Technologies), a leading magnet recycling technology company, based in Belfast UK, a spin out from Queen Unive
Slide 33: Magnet Recycling – 'Seeding' Supply Chain Collaboration
Magnet Recycling – ‘Seeding’ Supply Chain Collaboration For personal use only A COLLABORATIVE PLATFORM TO SECURE A DOMESTIC SUPPLY OF RARE EARTHS MINING REFINING/RECYCLING ALLOY MAGNET EV MOTOR EV BRAND RECYCLING • Security of supply chain • Transparency and audit trail of materials • Closed loop st
Slide 34: Magnet Recycling Opportunities
Magnet Recycling Opportunities For personal use only MARKETS WHERE MAGNET RECYCLING OPPORTUNITIES ARE UNDER EVALUATION IONIC RARE EARTHS PAGE 34
Slide 35: IonicRE Value Proposition
IonicRE Value Proposition For personal use only 1. MAKUUTU IS A LARGE UNIQUE IONIC ADSORPTION CLAY DEPOSIT, PROVIDING SCALABLE EXPANSION POTENTIAL TO TAP INTO SURGING RARE EARTHS PRICING IN THE FUTURE “When peering into the outlook for the next decade to come, it becomes quickly apparent that the ra
Slide 36: Ionic Rare Earths Limited
For personal use only Ionic Rare Earths Limited Level 1, 34 Colin Street West Perth WA 6005 Australia www.ionicre.com.au admin@ionicre.com.au T +61 3 9776 3434 IONIC RARE EARTHS PAGE 36
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