Northern Minerals Limited · ASX:NTU
Northern Minerals — RIU Explorers Conference 2021
25 slides from Northern Minerals's conference presentation, Feb 17, 2021
Slide 1: Browns Range Heavy Rare Earths Project
Browns Range Heavy Rare Earths Project RIU Explorers Conference For personal use only Presented by: Mark Tory CEO 18th February 2021
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 2030 Dy and Tb also have a range of mili
Slide 4: Tier 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 5: Our Aspiration
Our Aspiration Principal supplier of ethically produced rare earth separated products with a world class For personal use only heavy rare earth element inventory An eleven year $272m journey DISCOVERY EXPLORATION EVALUATION AND APPROVALS DFS NEW PLAN DEVELOPMENT TESTWORK 2010 2011 2012 2013 2014 201
Slide 6: 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 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: Non-Chinese rare earths supply chain now a critical priority
Non-Chinese rare earths supply chain now a critical priority For personal use only The priority of securing a rare earths supply chain outside of China has escalated for both the United States and Australian governments Executive Orders (EO) from new US President Joe Biden enforce climate change
Slide 9: 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 10: Demand for electric vehicles continues to grow
Demand for electric vehicles continues to grow For personal use only Electric vehicle (EV) and renewables demand is Electric vehicle sales by type, 2013 – 2029 (M units) increasing, with significant uplift expected over the next decade (UK recently announced no sales of petrol and diesel vehicles
Slide 11: Dysprosium pricing 2010 - 2021
Dysprosium pricing 2010 - 2021 2000 For personal use only In 2010/11, China restricted rare earth exports as part of a dispute with Japan in the South China Sea. The Dy price spiked at over US$2,000/kg Dy price currently up over 48% from start of November 2020 1500 Dysprosium Oxide 99%min China
Slide 12: Terbium pricing 2010 - 2021
Terbium pricing 2010 - 2021 3240.0 Terbium Oxide 99.9%min China US$/kg For personal use only 2740.0 Terbium currently $1,362/kg, Up 154% from start of 2020 year. 2240.0 Tb US$/kg 1740.0 1240.0 740.0 240.0 04-Jan-10 04-Jan-11 04-Jan-12 04-Jan-13 04-Jan-14 04-Jan-15 04-Jan-16 04-Jan-17 04-Jan-18 04-
Slide 13: 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 13
Slide 14: 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 15: Commercial scale DFS for beneficiation plant
Commercial scale DFS for beneficiation plant For personal use only Commercial market opportunity for beneficiated concentrate product subject to board approval of FS* Lower risk approach in building full scale beneficiation plant first as stand-alone project Aiming to have cashflow in 2023 whi
Slide 16: Exploration ramping-up to grow resource
Exploration ramping-up to grow resource For personal use only Accelered exploration across Browns Range commenced, with 8,500m of drilling completed in 2020 A further 8,000m to be drilled on Browns Range tenements before the end of June 2021 Encouraging results from first-pass drilling of gree
Slide 17: 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 18: Recent Capital Raise
Recent Capital Raise Secured commitments to raise A$20 million before costs (oversubscribed) For personal use only Placement to USA, Australian and European sophisticated and institutional investors through EAS Advisors in New York Funds to be used for work program in 2021 / 22 (including feas
Slide 19: Corporate Details
Corporate Details Ordinary Shares as at 31 January 2021 Options and Performance Rights as at 31 January 2021 4,437M 47.8M Market Capitalisation as at 31 January 2021 $226.3M For personal use only Cash (as at 31 December 2020) $10.6M Debt (as at 31 December 2020): Nil 12 month low – high $0.017 - $0.
Slide 20: Why Northern Minerals has potential
Why Northern Minerals has potential 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 Commitment to realising exploration upside and building Resource inventory Fast-tracking feasibility for a full-scale,
Slide 21: Contact details
Contact details For personal use only Mark Tory Chief Executive Officer [email protected] northernminerals.com.au ASX:NTU 21
Slide 22: Appendices
For personal use only Appendices ASX:NTU 22
Slide 23: Mineral Resources
TREO Dy2O 3 Y2O 3 Tb4O7 HREO TREO Deposit Classification Mt % kg/t kg/t kg/t % kg Wolverine Indicated 2.88 0.84 0.74 4.89 0.11 89 24,195,000 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 Gambit West Indicated 0.12 1.8 1.62 10.98 0.22 94 2,107,000 For p
Slide 24: 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
Slide 25: Browns Range Pilot Plant flowsheet
For personal use only Browns Range Pilot Plant flowsheet ASX:NTU 25