Northern Minerals Limited · ASX:NTU
Northern Minerals — Non-Deal Roadshow (June 2022)
24 slides from Northern Minerals's roadshow presentation, Jun 9, 2022
Slide 1: Browns Range Heavy Rare Earths Project
Browns Range Heavy Rare Earths Project For personal use only New York / Toronto Roadshow Presented by: Mark Tory CEO June 2022
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: Rare earth applications
Browns Range East Kimberley, WA For personal use only Rare earth applications NdFeB Permanent magnets require dysprosium (Dy) and terbium (Tb) Electric drivetrains in passenger cars are forecast to account for the majority of increased demand through to 2040 Dy and Tb also have a range of mili
Slide 4: 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 Northern Minerals is actively engaging with Critical Minerals Facilitation Office established in Canberra in January 2020 Secure te
Slide 5: 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 6: Our Aspiration
Our Aspiration Principal supplier of ethically produced rare For personal use only earth separated products with a world class heavy rare earth element inventory A twelve year $300m+ journey DISCOVERY EXPLORATION EVALUATION AND APPROVALS DFS NEW PLAN DEVELOPMENT TESTWORK 2010 2011 2012 2013 2014 201
Slide 7: Rare earth magnet supply chain
Rare earth magnet supply chain CHINA DOMINATES Upstream Midstream Downstream For personal use only Refining/recycling Extraction Beneficiation Hydrometallurgy Separation Oxide Alloy and Component End-use to metal magnet manufacture manufacture manufacture Mixed Dy Oxide DyFe Metal Carbonate Tb Oxide
Slide 8: Demand for EVs continues to grow
Demand for EV’s continues to grow which means increase in Dy and Tb For personal use only Electric vehicle (EV) and renewables demand is increasing, (UK announced no sales of petrol and diesel vehicles by 2030) EV sales and growth will be limited by access to raw and finished commodities – parti
Slide 9: Dysprosium Pricing
Dysprosium Pricing 550 Dysprosium Oxide 99.5% min China US$/kg For personal use only 500 450 Dy price currently up 44% from start of June 2020 to US$384/kg 400 350 300 250 200 01-Jun-20 01-Aug-20 01-Oct-20 01-Dec-20 01-Feb-21 01-Apr-21 01-Jun-21 01-Aug-21 01-Oct-21 01-Dec-21 01-Feb-22 01-Apr-22 Sour
Slide 10: Terbium Pricing
Terbium Pricing Terbium Oxide 99.9% min China US$/kg For personal use only 3,000 2,500 2,000 1,500 1,000 Terbium currently $2,150/kg, Up 270% from start of June 2020 500 0 01-Jun-20 01-Aug-20 01-Oct-20 01-Dec-20 01-Feb-21 01-Apr-21 01-Jun-21 01-Aug-21 01-Oct-21 01-Dec-21 01-Feb-22 01-Apr-22 Source:
Slide 11: Yttrium Pricing
Yttrium Pricing 16.00 Yttrium Oxide 99.99% min China US$/kg For personal use only 14.00 12.00 10.00 8.00 Y price currently up over 377% from start of June 2020 to US$12.75/kg 6.00 4.00 2.00 01-Jun-20 01-Aug-20 01-Oct-20 01-Dec-20 01-Feb-21 01-Apr-21 01-Jun-21 01-Aug-21 01-Oct-21 01-Dec-21 01-Feb-22
Slide 12: Strategy for Downstream Processing
Strategy for Downstream Processing For personal use only Review completed in relation to strategy for downstream processing Only full-scale beneficiation plant would be built at site Selling concentrate from beneficiation plant to be reviewed with view of long term contract Long term strateg
Slide 13: 2021 / 22 Exploration Results
2021 / 22 Exploration Results For personal use only Since 30 June 2021 spent nearly A$7m on exploration Total of 17,500 metres RC drilling and over 2,000 metres of diamond drilling since end of June 2021 Continued to get good results from Dazzler resource Encouraging results Banshee drilling
Slide 14: Dazzler – Grade is King
Dazzler – Grade is King For personal use only Exploration results from Dazzler show grades up to 10x the average Browns Range resource grade Dazzler ‘lookalikes’ to be a focus of the exploration program Dazzler Inferred Mineral Resource of 0.21Mt @ 2.33% TREO Dazzler intercepts to date inclu
Slide 15: Banshee Prospect
Banshee Prospect For personal use only Combining Banshee, Banshee West and Banshee South 2021 / 22 drilling indicates mineralization continuous over a 400m by 400m area (compared to exiting resource 175m by 150m) Bulk samples tested through ore sorter at pilot plant ASX:NTU 15
Slide 16: Cyclops Prospect
Cyclops Prospect For personal use only Wolverine style hematite-xenotime breccia Diamond drilling grades have seen 15.65m @1.83% TREO from 24m Strong potential to extend high grade intercepts at depth Shallow intercepts improve economic viability Follow up drilling in 2022 / 23 ASX:NTU 16
Slide 17: Rockslider Prospect
Rockslider Prospect For personal use only Strong pXRF and radiometric anomalism with hematite breccia RC drilling results returned 103m @ 0.32% TREO from 15 metres 100 metre + strike in length and open to the N-NW Follow up in 2022 / 23 ASX:NTU 17
Slide 18: Wolverine Resource
Wolverine Resource For personal use only High grade intercepts trending NW have not been closed off at depth Strong potential for continuation along primary mineralized structure Last hole hit 28.6m @ 4.06% TREO from 480 metres and open to the West Priority holes for follow up in 2022 / 23 A
Slide 19: Exploration – "Own the Dome" strategy
Exploration – “Own the Dome” For personal use only strategy 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 ASX:N
Slide 20: Boulder Ridge NT Project
Boulder Ridge NT Project For personal use only Boulder Ridge previous rock chip results exceeding 12% TREO including up to 1.15% Dy Work plan completed of mapping and collecting rock chips Future RC scout drilling in 2022 / 23 HREE targets plotted onto Radiometrics anomaly and DEM. ASX:NTU 20
Slide 21: John Galt WA Project
John Galt WA Project For personal use only John Galt previous rock chip results up to 42% TREO with approximately 95% Heavy REO Copper anomalies identified to be followed up Work program of detailed mapping, geochemical sampling and RC scout drilling to be undertaken Cu-in-stream anomaly map a
Slide 22: Corporate Details
Corporate Details Ordinary Shares as at 31 May 2022 Options and Performance Rights as at 31 May 2022 4,864M 258.8M Market Capitalisation as at 31 May 2022 $218.9M For personal use only Cash (as at 31 March 2022) $4.2M Debt (as at 31 March 2021): Nil 12 month low – high $0.03 - $0.071 Average daily v
Slide 23: Why Northern Minerals has potential
Why Northern Minerals has potential For personal use only Has been only significant producer of HREE outside of China over the last 4 years Working on feasibility study for full scale beneficiation plant at site with view to enter into long term concentrate sale contract The Company’s IP on pro
Slide 24: Contact details
Contact details For personal use only Mark Tory Chief Executive Officer [email protected] northernminerals.com.au ASX:NTU 24