Northern Minerals Limited · ASX:NTU
Northern Minerals — Ord Minnett Mining Conference 2025
28 slides from Northern Minerals's conference presentation, Mar 20, 2025
Slide 1: Company Presentation - Ord Minnett Mining Conference 2025
For personal use only Company Presentation Ord Minnett Mining Conference 2025 20 MARCH 2025 ASX:NTU
Slide 2: Important Information
Important Information This presentation (“Presentation”) is dated 20 March 2025 has been prepared by Northern Minerals Limited (ACN 119 966 Effect of rounding 353) (“NTU”, “Northern Minerals” or the “Company”). By attending a presentation or briefing, or accepting, accessing or reviewing this Presen
Slide 3: Company Highlights
Company Highlights DEVELOPING A WORLD CLASS HEAVY RARE EARTH ASSET WITH SIGNIFICANT EXPLORATION UPSIDE For personal use only Globally significant heavy rare earth project $0.020 ▶ Wolverine is the is the most advanced HRE project globally1 ▶ Recent drilling results confirm significant high-grade min
Slide 4: Browns Range HRE Project
Browns Range HRE Project UNDERPINNED BY THE WOLVERINE DEPOSIT, THE HIGHEST KNOWN GRADE Dy AND Tb DEPOSIT 1 For personal use only • Mining and processing at site to targeting High Value production of c. 25% TREO concentrate rich in Concentrate heavy rare earths • Recent drilling results confirm depos
Slide 5: Iluka Resources Partnership
Iluka Resources Partnership BROWNS RANGE FURTHER STRENGTHENED BY LONG-TERM SUPPLY AND FUNDING ARRANGEMENTS WITH DOMESTIC PARTNER ILUKA RESOURCES For personal use only Indicative illustration of price received by Northern Minerals Supply of up to 5.5 kt contained TREO in for TREO contained in conce
Slide 6: Supplying a Sustainable Future
Supplying a Sustainable Future DYSPROSIUM (Dy) AND TERBIUM (Tb) - KEY INPUTS TO PERMANENT MAGNETS VITAL FOR THE GLOBAL ENERGY TRANSITION For personal use only DyTb:TREO rare earth assemblage Browns Range 10.1% Round Top Non-JORC resource1 6.2% Norra Karr 5.7% Lofdal 5.4% Strange Lake 4.1% Penco Modu
Slide 7: A Heavy Rare Earths Basket
A Heavy Rare Earths Basket Dy/Tb ACCOUNTS FOR ~67% OF THE RARE EARTH BASKET VALUE AT WOLVERINE For personal use only Resource REO distribution1 REO contribution to basket value2 6.9% 2.3% 0.4% 2.4% 6.1% 9.8% 1.3% 2.8% 9.3% 7.3% 1.9% 59.5% 46.6% 5.5% 3.0% 0.8% 4.5% 0.7% 1.3% 3.2% 0.6% 2.8% 21.2% 1) B
Slide 8: Growing Supply Deficit
Growing Supply Deficit STRONG DEMAND OUTLOOK FOR MAGNETS WILL DRIVE AN EMERGING SUPPLY DEFICIT FOR DY/TB For personal use only Challenging short term outlook Dy/Tb supply-demand balance1 ▶ HRE pricing trended downwards as supply remains regionally kt REO concentrated 115% supply 12 deficit2 ▶ Curren
Slide 9: Rare Earth Market Opportunity
Rare Earth Market Opportunity STRONG DEMAND OUTLOOK FOR MAGNETS SUPPORTED BY STRUCTURAL SHIFT TOWARDS DECARBONISATION AND THE EMERGING ROBOTICS & DRONE MARKETS For personal use only Forecasted NdFeB magnet demand by end-use1 Forecasted increase in DyTb demand from 2024 to 20401 kt kt REO 1,000 Total
Slide 10: Diversifying the Global Magnet Value Chain
Diversifying the Global Magnet Value Chain CHINA DOMINATES THE VALUE CHAIN, BROWNS RANGE WILL SUPPLY CRITICAL FEEDSTOCK FOR DOWNSTREAM PROCESSING OF Dy AND Tb IN AUSTRALIA For personal use only CRACKING & MAGNET MINING BENEFICIATION REFINING METALLISATION MAKING MANUFACTURING LEACHING China 63% U.
Slide 11: Current Rare Earth Supply Chain
Current Rare Earth Supply Chain BROWNS RANGE HAS THE POTENTIAL TO BE THE LARGEST SOURCE OF Dy AND Tb OUTSIDE OF CHINA MAGNET For personal use only MINING SEPARATION METALLISATION MAKING Operating Operating Construction Financing/Feasibility HRE Construction Financing/Feasibility LRE Company Presenta
Slide 12: Strong Australian Government Support
Strong Australian Government Support NORTHERN MINERALS IS WELL POSITIONED TO ACCESS GOVERNMENT FUNDING For personal use only The critical minerals and rare earth industries are perfect examples of sectors that will be crucial to our future…The Government has backed the Browns Range Heavy Rare Earths
Slide 13: Global Government Support
Global Government Support OPPORTUNITIES FOR INTERNATIONAL FUNDING VIA MUTUALLY AGREED OBJECTIVES ON CRITICAL MINERALS SUPPLY CHAINS For personal use only ▶ Minerals Security Partnership (MSP) of 14 nations (incl Australia) established to accelerate development of critical minerals supply chains by s
Slide 14: Global Government Support
Global Government Support OPPORTUNITIES FOR INTERNATIONAL FUNDING VIA MUTUALLY AGREED OBJECTIVES ON CRITICAL MINERALS SUPPLY CHAINS For personal use only ▶ Projects designated ‘Strategic Project’ under the Critical Raw Materials Act receive support gaining access to capital and offtake ▶ Aiming to d
Slide 15: DFS Update
DFS Update 1 PRODUCTION OF Dy/Tb-RICH CONCENTRATE INCORPORATING LESSONS LEARNT FROM PILOT PLANT For personal use only Conventional open pit mining followed by underground mining using sublevel caving Established flowsheet informed by comprehensive metallurgical testwork and three-year pilot plant op
Slide 16: Proposed Funding Pathway
Proposed Funding Pathway PROGRESSING TOWARDS SECURING AN OPTIMAL FUNDING STRUCTURE For personal use only Potential Project Funding Sources Recent Funding Progress ✓ Discussions underway with NAIF Debt Equity Other and EFA ✓ Previously fulfilled the strategic EFA / NAIF1 Iluka Resources Other assessm
Slide 17: Mineral Resource
Mineral Resource WOLVERINE UNDERPINS THE INITIAL LIFE OF MINE, WITH CONSIDERABLE OPPORTUNITY TO DEVELOP NEARBY RARE EARTH DEPOSITS For personal use only Mineral Resource estimate1 Ore TREO2 Dy2O3 Tb4O7 TREO2 Mt % kg/t kg/t t Wolverine MRE Measured 0.1 0.91 0.84 0.12 1,000 Indicated 4.9 1.13 1.00 0.1
Slide 18: Significant Tenure Holdings
Significant Tenure Holdings For personal use only Company Presentation | March 2025 18
Slide 19: Regional Exploration Program
Regional Exploration Program MINERAL SYSTEMS APPROACH TO EXPLORATION TARGETING For personal use only Expanded exploration program over Browns Range Dome WA (BRD- WA), Browns Range Dome NT (BRD-NT) and Coomarie Dome (CD) Systematic target generation underway to identify new opportunities Update
Slide 20: Near Term Exploration Potential
Near Term Exploration Potential ROBUST PIPELINE OF PROSPECTS TO SUPPORT MINERAL RESOURCE DEVELOPMENT For personal use only Advanced exploration has been focussed on the WA side of the Browns Range Dome (BRD), a major geological structure of ~1,500 km2 traversing the WA/NT border Margins of the B
Slide 21: Exploration Drilling
Exploration Drilling PRIORITY RESOURCE EXPANSION PROGRAMS AT DAZZLER AND GAMBIT For personal use only Dazzler EIS co-funded 1,150 m five-hole diamond drilling program at Dazzler completed in February Program designed to test deeper parts of the Dazzler hydrothermal system and increase understand
Slide 22: Regional Exploration Program
Regional Exploration Program BROWNS RANGE DOME GEOPHYSICAL SURVEY For personal use only Wolverine Gambit E Gambit W Gambit Area 5 Cyclops Banshee Dazzler Tenement Outline Litho-Structural Interpretation Area New Survey Area (Magnetic & Radiometric) HRE Deposit Company Presentation | March 2025 22
Slide 23: Company Highlights
Company Highlights UNIQUELY PLACED TO BECOME A SIGNIFICANT SUPPLIER OF HEAVY RARE EARTHS ALONGSIDE AN EXTENSIVE EXPLORATION PORTFOLIO For personal use only Globally significant Strategic partnership with Accelerated pathway to high-grade Dy and Tb deposit Iluka Resources establishing a production vi
Slide 24: Our Office
OUR OFFICE For personal use only Northern Minerals Limited Ground Floor, 40 Kings Park Road West Perth, Western Australia, 6005 Australia VISIT US ONLINE www.northernminerals.com.au LinkedIn: Northern-Minerals X: NorthernMins CONTACT US Phone: + 61 8 9481 2344 [email protected] info@nor
Slide 25: Appendix
For personal use only Appendix 25
Slide 26: Appendix A: Source Documents
Appendix A: Source Documents PEER COMPARISON REFERENCE DETAILS Development DyTb:TREO ratio For personal use only Project Company Category Standard Source Stage Measured Indicated Inferred Total JORC Compliant Northern Minerals Ltd Feasibility 16 January 2025: ASX Announcement – “2025 - Wolverine Bro
Slide 27: Appendix B: Mineral Resource
Appendix B: Mineral Resource GLOBAL MINERAL RESOURCE BROWNS RANGE HEAVY RARE EARTHS ESTIMATE (JANUARY 2025) 1,2 PROJECT OVERVIEW For personal use only Deposit Classification Mt TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t kg/t % t • The Project is located in the East Kimberley region of Western Austr
Slide 28: Board and Management
Board and Management FOCUSSED ON EXECUTING FID AND DEVELOPMENT STRATEGY ADAM HANDLEY Executive Chairman ANGELA GLOVER Chief Operations Officer • Past President of the Australia China Business Council, specialising • 20+ years’ experience in the resources and infrastructure industries, with extensive
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