Rarex Limited · ASX:REE
Rarex — Investor Presentation (April 2023)
41 slides from Rarex's investor presentation, Apr 14, 2023
Slide 1: Phosphate Enabled Rare Earths
Phosphate For personal use only Enabled Rare Earths James Durrant ASX: REE OTCQB: REEEF April 2023 rarex.com.au
Slide 2: Disclaimer & Competent Persons' Statements
Disclaimer & Competent Persons’ Statements For personal use only Investor Relations This presentation contains summary information about RareX Limited (REE) and is current as Competent Person’s Statement - Geology: The information in this presentation relating to the of 14 April 2023 and is authoris
Slide 3: RareX and the Cummins Range Project
DSO Phosphate Enabled Wyndham Rare Earths For personal use only Port Kununurra RareX and the Cummins Range Project Ord River A Direct Shipping Ore (DSO) Hydro Plant Phosphate enabled Rare Earths Critical Minerals Project – updated studies imminent. Mineral Close to a mineral corridor and bulk- Corri
Slide 4: Rare Earths Phosphorus
For personal use only RE P 57-71 15 Rare Earths Phosphorus
Slide 5: RareX Value Proposition
RareX Value Proposition A DSO Phosphate Catalysed Rare Earth Project For personal use only Cummins Range can be fast tracked to operations, 5 ultimately giving investors access to 2 global mega trends with 2 critical product categories 3 4 Two critical products 2 Existing local 1 infrastructure Two
Slide 6: Corporate Snapshot
Corporate Snapshot Presents a Compelling Time to Invest For personal use only Capital Structure Shareholders ASX Code REE Top 40 Shareholders ~39 % OTCQB REEEF Number of Shareholders ~5,370 Share Price (12.04.2023) A$0.062 Major Shareholders Simon Lee AO (6.3%) Shares on Issue 579m Jeremy Robinson (
Slide 7: Mineral Resources
Mineral Resources For personal use only 15 57-71 P Phosphorus RE Rare Earths
Slide 8: Cummins Range Deposit
Cummins Range Deposit Deposit Location Overview Remote but Well Connected For personal use only 130km SW of Halls Creek access via Tanami Road Deposit at surface ease of exploration Jaru Traditional Owners consulted and supportive Part of the Great Sandy Desert on unused pastoral lease Connected to
Slide 9: 2023 JORC Resource
2023 JORC Resource Part 1 of 2… Rare Dyke Resource (JORC 2012) For personal use only 2.5% P2O5 Tonnes TREO P2O5 NdPr Nb2O5 HREO Grade Cut Mt ppm % % ppm ppm 1.3Mt TREO 17Mt P O 2 5 Indicated 44.3 5,800 6.3 1,210 1,020 290 contained contained Inferred 352.9 2,960 3.9 630 570 165 Basis of Resource Hig
Slide 10: Pathway to Monetisation
Pathway to Monetisation For personal use only
Slide 11: Fast Track to Operations with Phosphates De-risking
Fast Track to Operations with Phosphates De-risking Roadmap to Rare Earths For personal use only 3 Project Stages • Strategic Advantages Stage 1: DSO ü ü Existing infrastructure bulk ready with road and port Local product placement Organic Rock Phosphate opportunities High bioavailability ü Rare Ear
Slide 12: Stage 1: DSO
Stage 1: DSO Premium Direct Application Fertiliser For personal use only Favorable Metallurgy Cummins Range Phosphorus Bioavailability Test ü 5x industry standard 50.00% reactivity for “high” 45.00% bioavailable rock Phosphate 40.00% ü Low deleterious elements 35.00% < 60 mg Cd / kg P; < 0.02% Cl; 3
Slide 13: Stage 2: Phos
Stage 2: Phos Low Deleterious Phos Con For personal use only The proposed installation of a beneficiation plant to upgrade the lower grade Phosphate Metallurgical Highlights Upcoming Tails ü Positive beneficiation Flowsheet optimisation including: Milling Rougher Float Dewatering Bene Crushing perfo
Slide 14: Stage 3: Rare Earths
Stage 3: Rare Earths RE-Phos Con and Derivatives For personal use only The proposed modification of Stage 2 plant and installation of the Rare Earth value chain Rare Earth Mineral Deportment Fresh Rock Regolith: Transition to Fresh Encouraging results from Stage 2 Mineralogy revealed: flowsheets and
Slide 15: Market Segmentation and Product Types
Market Segmentation 3 Product Types For personal use only +South East Asia 1. DSO Local and National • Growing market on the project doorstep • MOU with OrdCo and market strategy underway • Potential for Organic product certification 15 +Saudi Arabia 2. Phos con +South East Asia P Phosphorus • Exist
Slide 16: Monetising in a Sustainable Manner
Monetising in a Sustainable Manner For personal use only ESG Framework What we’re Currently Doing • WEF consistent designed by Top5 ü TO negotiations towards a Mining advisor Heritage Agreement • Aligned to stakeholder’s expectations ü Environmental Baselines +50% • Mapped out through exploration, c
Slide 17: Team Adjusted to Suit
For personal use only Team to suit Adjusted
Slide 18: For personal use only
For personal use only “RareX has the potential to become a near term producer of Phosphate fertilizer products on a pathway to Rare Earths. “I joined to help RareX define its product roadmap and to place products into the fertilizer industry. “By getting this right at the beginning of the project, I
Slide 19: An Evolved Board of Company-Building Directors
An Evolved Board of Company-Building Directors For personal use only Danny Goeman John Young Non-Executive Director Non-Executive Director Offtake, Marketing, Shipping Geology, Development, Growth Ex FMG director of sales and marketing and advisor to the CEO, Co-founder and executive director follow
Slide 20: Team Continuity Maintained
Team Continuity Maintained Focus: Development & Ops For personal use only James Durrant Chief Executive Officer Greg Wynne Senior Geologist Mining and Mechanical Engineer with nearly 20 years Geologist, project manager across Tier 1 operations and and mines rescue qualified junior company project de
Slide 21: Supported by Preeminent Team of Partners
Supported by Preeminent Team of Partners with Mining DNA and Execution Capability For personal use only
Slide 22: Existing Local Infrastructure
Existing Local Infrastructure For personal use only
Slide 23: Infrastructure in Place
Infrastructure in Place Ready for Bulk Operations B 2 and Future Processing Wyndham For personal use only C Kununurra Hydro Power D Fundamentally Good Enabling the Proposed Approach 390 km Lake Argyle Infrastructure Tanami Intersection 3 Ord River to Wyndham 1 Hydro Plant ü Bulk commodities need goo
Slide 24: Mineral Corridor in Place
Mineral Corridor in Place Sealed Roads being Installed For personal use only Mine to Tanami Great Northern Highway 50km of station fence-line 390km of existing sealed highway Miscellaneous License process • Linking The Tanami turn off to about to commence, heritage Wyndham Port agreement includes ro
Slide 25: Port Wyndham
Port Wyndham For personal use only Bulk Ready 1 Cummins Port Good facilities Tactical Integration Range Wyndham Managed by CGL with operations MOU with Agrimin (ASX: AMN) to for haulage, fuel, and roll on roll off develop integrated infrastructure may 3 among others short-cut development 3 Lake Argy
Slide 26: Good Corporate Citizen in a Collaborative Region
Good Corporate Citizen in a Collaborative Region For personal use only OrdCo MOU Collaborating to develop and place Phosphate products locally • Product R&D • Product development roadmap • Local distribution Agrimin MOU Collaborating across the supply chain from trucking to OGV loading • Infrastruct
Slide 27: Strategic Products, Global Demand, Double Exposure
For personal use only Strategic Products Global Demand Double Exposure
Slide 28: Strategic Global Markets Mega Trends
2 Strategic 2 Global Markets Mega Trends For personal use only Food Security The Electric Revolution • Population growth • Wind farms Another 1.7B people by 2050 200kg NdPr per MW of turbine to a total of 9.7B Net Zero goals by 2050 • Depleting soils • Electric Vehicles Intensive farming 1kg NdPr pe
Slide 29: EV Transition Translating into Emerging Deficit of NdPr Supply
The EV Transition Translating into an Emerging Deficit of NdPr Supply For personal use only Drivers of EV demand: Global Passenger Car Outlook - Bloomberg NEF Government commitments Internal Hybrid Fuel Cell Plug-in Battery electric by 2050 combustion hybrid Lynas annual output in 2021: 5,462 NdPr o
Slide 30: Growing Phosphate Fertiliser Demand
Growing Phosphate Fertiliser Demand Augmented with LFP Battery For personal use only High Value LFP Battery & Phosphate Market Expansion percentage of global market share of projected ARK forecast projected UBS forecast LFP batteries in 2021 for 2026 for 2030 Rock demand, Mt Rock August 2022 Phospha
Slide 31: What's Next?
For personal use only Next? What’s
Slide 32: The Future is Bright: Fast Track to DSO Operations
The Future is Bright… Fast Track to DSO Operations Catalysing a Large Critical Minerals Project For personal use only 2023-24 2025 2026+ Stage 1 – DSO Confirm the DSO resource (Part 2) FID Continued operations Confirm the business case Installation Close infrastructure gaps Operations Develop the DS
Slide 33: Board of Directors
For personal use only Board of Directors Non-Executive Chairman Jeremy Robinson Non-Executive Director John Young Non-Executive Director Danny Goeman Non-Executive Director Shaun Hardcastle Non-Executive Director Cameron Henry Company Secretary Oonagh Malone Chief Executive Officer James Durrant Rar
Slide 34: Facts, Figures & Analysis
Facts, For personal use only Figures & Analysis
Slide 35: RareX Value Proposition
RareX Value Proposition A DSO Phosphate Catalysed Rare Earth Project For personal use only Cummins Range can be fast tracked to operations, 5 ultimately giving investors access to 2 global mega trends with 2 critical products 3 4 Two critical products 2 Existing local 1 infrastructure ü Rare Earths
Slide 36: NdPr Enabling Decarbonisation of our Society
NdPr Enabling Decarbonisation of our Society For personal use only NdFeB permanent magnet motors are crucial in reducing greenhouse gas emissions as they are at the heart of so many electric mobility solutions. Green, clean electric mobility solutions require ethical, sustainable, transparently prod
Slide 37: NdPr Enabling Decarbonisation of our Society
NdPr Enabling Decarbonisation of our Society For personal use only Each electric vehicle ~1 contains kg of all automotive applications, including hydrogen vehicles, have selected a of NdPr oxide Rare Earth NdFeb permanent magnet electric motor for their default driveline solution
Slide 38: Global EV Mega Trend Continues to Accelerate
Global EV Mega Trend Continues to Accelerate For personal use only The global automotive “Global carmakers now industry surpassed target to spend USD in 2022 515b* for EVs & 1 batteries. Including Tier 1 suppliers, investments should have surpassed trillion USD 1 trillion.” Jeremy Robinson USD MD Ra
Slide 39: Supported By Global Legislation To Meet Net Zero Targets By 2050
Supported By Global Legislation To Meet Net Zero Targets By 2050 For personal use only More and more countries have a clear roadmap to phase out internal combustion engine (ICE) vehicles. More than 30 countries have clear electrification targets or ICE bans for cars. Source https://cleantechnica.com
Slide 40: Translating into an Emerging Deficit of NdPr Supply
Translating into an Emerging Deficit of NdPr Supply For personal use only Global BEV & PHEV Sales / EV volumes “With every WW passenger card outlook / BNEF Plug-In Hybrids Battery Electric Vehicles EV Market Share in % incremental, additional Internal combustion Hybrid Fuel Cell Plug-in hybrid Batte
Slide 41: NdPr Pricing And Market Information
NdPr Pricing And Market Information For personal use only The Market Overall market sentiment is positive, due to significant progress in the E- mobility industry and rising EV sales Cummins Range basket volumes. The price has been declining price distribution since March 2022, impacted by global SE