Northern Minerals Limited · ASX:NTU
Northern Minerals — Goldman Sachs Rare Earth Forum (December 2020)
25 slides from Northern Minerals's conference presentation, Dec 2, 2020
Slide 1: Browns Range Heavy Rare Earths Project
Browns Range Heavy Rare Earths Project Goldman Sachs Rare Earth Forum For personal use only Presented by: Mark Tory CEO 2nd December 2020
Slide 2: Disclaimer
Disclaimer This document has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). For personal use only This document is of a summary form only and therefore contains general background information which may not be complete. It should be read in conjunction with and ful
Slide 3: Corporate Details
Corporate Details Ordinary Shares as at 1 December 2020 4,436M For personal use only Options and Performance Right as at 1 Dec 2020 52.9M Market Capitalisation as at 1 December 2020 $159.7M Cash (as at 1 December 2020) $14.0M Debt (as at 1 December 2020): Nil 12 month low - high $0.017 - $0.063 Aver
Slide 4: Rare earth applications
Rare earth applications For personal use only Demand for Heavy Rare Earth Elements (HREE) will be underpinned by strong growth in the NdFeB permanent magnet sector NdFeB permanent magnets require dysprosium and terbium – the dominant payable elements contained within Browns Range’s xenotime mine
Slide 5: Demand for electric vehicles continues to grow
Demand for electric vehicles continues to grow For personal use only Electric vehicle sales by type, 2013 – 2029 (M units) Electric vehicle (EV) and renewables demand is increasing, with significant uplift expected over the next decade (UK recently announced no sales of petrol and diesel vehicles
Slide 6: Non-Chinese rare earths supply chain now a critical priority
Non-Chinese rare earths supply For personal use only chain now a critical priority The priority of securing a rare earths supply chain outside of China has escalated for both the United States and Australian governments An Executive Order (EO) from US President Donald Trump has declared a critic
Slide 7: The Rare Metals War
For personal use only The Rare Metals War The Dark Side of Clean Energy and Digital Technologies Guillaume Pitron French investigative journalist Documents issues with RE production in China Discusses how the gap is closing of internal China supply v demand ASX:NTU 7
Slide 8: Tier one resources jurisdiction
Tier 1 resources jurisdiction For personal use only Australia is one of the world’s most proven, safe and reliable jurisdictions for mining and mineral processing Western Australia ranked first in Fraser Institute Investment Attractiveness Index ratings Northern Minerals is actively engaging w
Slide 9: Australian HREE production is ethical
Australian HREE Southern China in situ leach mining operation For personal use only production is ethical Browns Range produces HREE from hard rock xenotime ore at a grade of 600 – 800 ppm Dy Mining and processing methods in China, due to low grade ore, operate at just 20 – 40 ppm Dy 98% of wo
Slide 10: Our Aspiration
Our Aspiration Principal supplier of ethically produced rare For personal use only earth separated products from the world’s largest heavy rare earth element inventory An eleven year $269m journey DISCOVERY EXPLORATION EVALUATION AND APPROVALS DFS NEW PLAN DEVELOPMENT TESTWORK 2010 2011 2012 2013 20
Slide 11: Operations update post COVID-19 restrictions
Operations update post For personal use only COVID-19 restrictions R&D testwork recommenced in August 2020, with the partial restart of operations Beneficiation and Hydrometallurgy testwork on Browns Range ore is continuing Ore sorter construction commenced Final stages of three-year pilot a
Slide 12: Exploration – $5 million commitment
Exploration – $5 million commitment For personal use only Ramp-up of exploration across Browns Range commenced, with drill rigs due on site in mid October 16,500 metres to be drilled on Browns Range tenements before the end of June 2021. (8,500 metres drilled to date) $5 million budget allocat
Slide 13: Exploration - “Own the Dome” strategy
Exploration - “Own the Dome” strategy For personal use only 100% owned tenure and/or 100% rare earth rights over the Browns Range Dome More than 2,300 square kilometres of tenure to evaluate Strategy to increase Mineral Resource and the life of mine potential at Browns Range to 20+ years Res
Slide 14: Exploration - Dazzler: grade is king
Exploration For personal use only Dazzler: grade is king Exploration results from Dazzler show grades up to 10x the average Browns Range resource grade Mineralisation associated with unconformity and concentrated in Gardiner Sandstone and argillite unit Dazzler ‘lookalikes’ to be a focus of ne
Slide 15: Continuous improvement – ore sorting
Continuous improvement – ore sorting For personal use only Construction has commenced on the selected ore sorter system Ore sorter system concentrates ore in the beneficiation circuit based on x-ray transmission Previous trials of ore sorting at Browns Range identified the potential to more th
Slide 16: Rare earth magnet supply chain
Rare earth magnet supply chain CHINA DOMINATES Upstream Midstream Downstream For personal use only Refining/recycling Extraction Beneficiation Hydrometallurgy Separation Oxide Alloy and Component End-use to metal magnet manufacture manufacture manufacture Mixed Dy Oxide DyFe Metal Carbonate Tb Oxide
Slide 17: Browns Range Pilot Plant flowsheet
For personal use only Browns Range Pilot Plant flowsheet ASX:NTU 17
Slide 18: Downstream addition – product separation
Downstream addition – product separation For personal use only To date, Browns Range has produced a mixed rare earth carbonate (REC) The next stage is to separate the REC into individual rare earth oxide (REO) products In 2019, NTU commenced a scoping study into separation technology on interm
Slide 19: China currently controls HREE supply and pricing
China currently controls HREE supply and pricing Dysprosium Oxide 99%min China US$/kg 2000 In 2010/11, China restricted rare earth exports as part of a dispute with Japan For personal use only 1800 in the South China The Dy price spiked at nearly US$2,000/kg 1600 In 2020, Dy price up over 17% fr
Slide 20: Australian Government prioritising financial support
Australian Government prioritising financial support For personal use only The 2020/21 Australian Federal Budget announced a $1.5 billion strategy to support Australian industry The Modern Manufacturing Initiative (MMI) prioritises critical minerals processing and resources technology The Manu
Slide 21: Why invest in Northern Minerals?
Why invest in Northern Minerals? For personal use only The only significant producer of HREE outside of China over the last 2 years The Company’s IP on production of REC Studies commenced on commercial viability of producing separated HREE oxides in Australia $5 million committed to explorat
Slide 22: Contact details
Contact details For personal use only Mark Tory Chief Executive Officer [email protected] www.northernminerals.com.au ASX:NTU 22
Slide 23: Appendices
For personal use only Appendices ASX:NTU 23
Slide 24: Mineral Resources
Deposit Classification Mt TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t kg/t % kg Indicated 2.88 0.84 0.74 4.89 0.11 89 24,195,000 Wolverine Inferred 1.97 0.89 0.76 5.15 0.11 88 17,588,000 Total1 4.85 0.86 0.75 4.99 0.11 89 41,786,000 For personal use only Indicated 0.12 1.8 1.62 10.98 0.22 94 2,107,0
Slide 25: Ore Reserves
TREO TREO Dy2O3 Dy2O3 Tb4O7 Tb4O7 Y2O3 Y2O3 Deposit Class Mt kg/t kg kg/t kg kg/t kg Kg/t kg OPEN PIT For personal use only Wolverine Probable 0.72 6.17 4,458,000 0.55 400,000 0.08 57,000 3.6 2,598,000 Area 5 Probable 0.47 2.24 1,048,000 0.14 65,000 0.02 10,000 0.99 463,000 UNDERGROUND Wolverine Pro
Northern Minerals — Goldman Sachs Rare Earth Forum (December 2020) on 6ix