Rarex Limited · ASX:REE
Rarex — Investor Presentation (December 2020)
20 slides from Rarex's investor presentation, Dec 9, 2020
Slide 1: Exploring and developing rare earths projects in Australia
For personal use only Exploring and developing rare earths projects in Australia Plus, high-potential copper-gold exploration in NSW Investor Presentation, December 2020 │ Jeremy Robinson, Managing Director
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains summary information about RareX Limited (REE) and is current as of 7th December 2020. The information in this presentation is of a general background and does not purport to For personal use only be complete. This presentation is not
Slide 3: Investment Overview
Investment Overview For personal use only • Strategically located asset: 100%-owned Cummins Range Rare Earths Project in Western Australia – Tier-1 mining jurisdiction • Significant maiden JORC 2012 Rare Earths Mineral Resource: Inferred Resource of 13Mt at 1.13% TREO with 22.1% NdPr • First Assays
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Shareholders For personal use only ASX Code REE Top 40 Shareholders 42% Number of Shareholders 3,839 Share Price (7th December 2020) $0.13 Shares on Issue 408m Share Price Market Capitalisation $53.0m Net Cash $5.0m Listed Investments (14.95m TSXV:KCC) $1.5m Ente
Slide 5: Rare Earth Elements
Rare Earth Elements • Rare Earths are a group of 17 elements essential to the new world economy – grouped into Light For personal use only Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE) • RareX is focused on the production of LREE’s Neodymium-Praseodymium (NdPr) which are critical t
Slide 6: Rare Earth Permanent Magnets (REPMs)
Rare Earth Permanent Magnets (REPMs) Electric Vehicles For personal use only • Whatever the type of EV (BEV, HEV PHEV) or the power source (Li Batteries, H Fuel Cells etc) they all use REPM motors. • Each EV requires approximately 1kg to 2kg of REPM which form part of an EV’s electric motor. EV sale
Slide 7: Rare Earths Market
Rare Earths Market For personal use only • China dominates production of rare earths and rare earth magnets, historically accounting for 80% of global production and representing a strategic weakness for the United States of America • Prices are rising sharply
Slide 8: Cummins Range Rare Earths Project
Cummins Range Rare Earths Project • Tier-1 mining jurisdiction: Located in the Kimberley region of For personal use only Western Australia • Airstrip and township nearby: 130km from Halls Creek Township and Airstrip. • Good access: Accessible via Great Northern Highway, Tanami Track and pastoral tra
Slide 9: Substantial Maiden JORC 2012 Resource
Substantial Maiden JORC 2012 Resource For personal use only • Significant maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO released 15 October 2019 • Neodymium and Praseodymium “NdPr” content of 22.1% and ultra low thorium of 50ppm ThO2 equals premium product • Weathered carbonatite with REE
Slide 10: Recent High Grade Drill Results
Recent High Grade Drill Results For personal use only • 36m at 4.6% TREO and 0.32% Nb2O5 from surface • Inc 3m at 25.1% TREO and 0.45% Nb2O5 • 41m at 4.0% TREO and 0.21% Nb2O5 from surface • Inc 3m at 13.9% TREO and 0.25% Nb2O5 • Highlights potential for high grade starter pit
Slide 11: Recent High Grade Recent Drill Results
Recent High Grade Recent Drill Results For personal use only • 90m at 3.8% TREO and 0.29% Nb2O5 from surface • Inc 20m at 5.1% TREO and 0.29% Nb2O5 • Inc 3m at 11.3% TREO and 0.48% Nb2O5 • Inc 32m at 4.4% TREO and 0.30% Nb2O5 • Inc 5m at 9.0% TREO and 0.56% Nb2O5 • Inc 17m at 5.1% TREO and 0.32% Nb2
Slide 12: Recent High Grade Drill Results
Recent High Grade Drill Results For personal use only • 109m at 3.6% TREO and 0.44% Nb2O5 from surface • Inc 70m at 5.4% TREO and 0.64% Nb2O5 • Inc 9m at 7.5% TREO and 1.5% Nb2O5 • Inc 13m at 10.7% TREO and 1.04% Nb2O5 • Inc 8m at 9.1% TREO and 0.5% Nb2O5 • Niobium represent potential highly valuabl
Slide 13: Low Capital Strategy
Low Capital Strategy • Rare Earth mineralogy dominated by monazite – the most SIMPLIFIED FLOWSHEET For personal use only well understood Rare Earth Mineral from a processing perspective • RareX consulting metallurgist Mr Gavin Beer to lead metallurgical testwork on completion of final assays • Strat
Slide 14: Exploration – Weld North
Exploration – Weld North • Exploration Underway For personal use only • Contains a 5km wide airborne magnetic circular anomaly which RareX considers may be caused by an REE- bearing circular carbonatite intrusive complex • Sits below regolith cover which masks the buried bedrock source for this magn
Slide 15: NSW Copper-Gold Assets
NSW Copper-Gold Assets • RareX retains a 35% free-carried interest over multiple For personal use only projects and owns 7.8% of TSX:V-listed Kincora Copper • Kincora is currently completing successful 3,800m drill program at flagship Trundle project comprising six deep holes with assays up to 51m a
Slide 16: Trundle Project – 35% Free-Carried
Trundle Project – 35% Free-Carried For personal use only • The only brownfield porphyry project held by listed juniors in the Macquarie Arc • Trundle is the western section of the Northparkes intrusive complex, which hosts the second largest porphyry mine in Australia • Exploration being driven by h
Slide 17: Trundle Project – Trundle Park Target
Trundle Project – Trundle Park Target Drilling at Trundle Park returning multiple intercepts in skarn For personal use only • • TRD001 – 51.0m at 1.17g/t Gold and 0.54% Copper from 39m • TRD008 – 87.7m at 0.65g/t Gold and 0.19% Copper from surface • Similar in style to the Big Cadia skarn that is pe
Slide 18: Orange East – 100% Owned
Orange East – 100% Owned • Located ~15km along strike from Regis Resources’ For personal use only 2Moz McPhillamys Gold Deposit • Strong geological and geochemical similarities to McPhillamy’s including: Both hosted in the Silurian volcaniclastic rocks of the Anson Formation adjacent to the GCFZ
Slide 19: Key Investment Takeaways
Key Investment Takeaways For personal use only High-quality, advanced Rare Earth Project in WA Recently completed major drilling program with significant assays Building a portfolio of high-quality Rare Earth assets Significant exposure to NSW porphyry copper-gold exploration 100%-owned NS
Slide 20: For personal use only
For personal use only