American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (November 2023)
25 slides from American Rare Earths's investor presentation, November 2023
Slide 1: American Rare Earths Investor Presentation November 2023
American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF | FSE:1BHA) Investor Presentation November 2023
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve The information in this report that relates to Exploration Results or Resource Estimates is based on subjective judgement and analysis and accordingly,
Slide 3: About American Rare Earths
About American Rare Earths Key Facts • Australia’s only ASX-listed company with rare earth element assets in the United States. • Projects across southwest US in favorable mining jurisdictions together covering 17,400 acres. • Potentially the largest strategic rare earth resource in the United State
Slide 4: Geologic Characteristics Offer Best of Both Worlds
Geologic Characteristics Offer Best of Both Worlds Conventional Deposit Comparison Halleck Creek Hard Rock Ionic Clay Sovereign Location Tier 1 Tier 1 Risk Grade 1-2% TREO1 +6% TREO 0.07 % Low Penalty Elements (U / Th) X Tank Acid Bake / In-Situ Processing Leaching Cracking Leaching ESG Positive Inp
Slide 5: Investment Thesis
Investment Thesis • Domestic sourcing of magnet metals have strategic importance for US. • Forecasted deficit for magnet metals. • Flagship deposit test results indicate: • Low-cost, conventional processing • Appendix – Flowsheet developed by Wood. • Scalable development within homogenous rare earth
Slide 6: About Rare Earths
About Rare Earths Of the 17 rare earth elements, we are focused on primary magnet metals (neodymium (Nd) and praseodymium (Pr)), which are both present at our flagship project, Halleck Creek. Nd Pr These elements are essential to: Advanced Wind Electric Electric Solar Weaponry/ Electronics Turbines
Slide 7: Critical to Global Supply Chains
Critical to Global Supply Chains Figure ES.1. Short-term (2020–2025) criticality matrix Figure ES.2. Medium-term (2025–2035) criticality matrix Source: U.S. Department of Energy, Critical Materials Assessment 2023 7 AMERICAN RARE EARTHS | November 2023 ASX: ARR OTCQB: ARRNF ADRs OTCQX FSE:1BHA
Slide 8: Forecasted Deficit in Magnet Metals NdPr
Forecasted Deficit in Magnet Metals NdPr Non-Chinese capacity is insufficient to meet increasing demand across end-use applications Credit: Project Blue presentation "Does a detachment from the Chinese rare earth market threaten the global energy transition?" 19 Oct, 2023. 8 AMERICAN RARE EARTHS | N
Slide 9: Halleck Creek, Wyoming
Halleck Creek, Wyoming • Total JORC Resource of 1.43 billion tonnes. • Estimated 4.7 million tonnes of Total Rare Earth Oxides (TREO) with an average grade of 3,309 ppm (0.33%). • Strategically significant rare earth deposit in the United States. • Close to infrastructure and a highly skilled workfo
Slide 10: Infrastructure
Infrastructure • Close to infrastructure, a highly skilled workforce and the University of Wyoming. • Located in the Central Laramie Mountains, between Laramie and Wheatland. • Interstate and railroad access via existing state roads. • Burlington Northern Sante Fe mainline railroad runs through Whea
Slide 11: Field Mapping at Halleck Creek
Field Mapping at Halleck Creek • A core hole was completed to 305 m of depth, exhibiting rare earth element (REE) mineralisation throughout utilising XRF. Prior drilling was limited to less than 175 m. • Summer 2023 mapping and sampling initiative revealed potential for a larger, higher-grade REE re
Slide 12: 2023 Development Drilling Program at Halleck Creek
2023 Development Drilling Program at Halleck Creek • 2023 development drilling program totaled 2,389 metres (23 holes), with assay results expected in December 2023. • High grade zones identified, with XRF grades observed up to 8,875 ppm. All drillholes in the program confirmed enriched rare earth m
Slide 13: Halleck Creek Development Strategy
Halleck Creek Development Strategy Three-phased parallel path to permitting. Phase 1: • Finalise scoping study Q1 2024. • Pursuing test mine authorisation from the State of Wyoming (Timeframe less than 1 year). • Test mine and piloting. • Low-cost path to de-risking project. • Flowsheet provided in
Slide 14: Beaver Creek, Wyoming
Beaver Creek, Wyoming • High grade field assay results with Total Rare Earth Oxide (TREO) from 5.8% to 13.9%. • Neodymium + praseodymium grade ranged between 1% and 2.2%. • Newly acquired state section increases the Company’s holdings to 1,389 acres (562 hectares). • Plans underway to conduct furthe
Slide 15: Other Projects
Other Projects La Paz, Arizona Searchlight, Nevada • 170.6 million tonnes JORC compliant resource. • 80 contiguous unpatented lode mining claims totalling • Exploration Target 742-928 million tonnes. 1620 acres (656 ha). • Exploration Licenses across 7,506 acres with 33 Claims. • Surface Samples wit
Slide 16: American Leadership Team
American Leadership Team Donald Swartz Jose Rico Joe Evers Chief Executive Officer Chief Financial Officer General Counsel • 20+ years of global leadership experience in the • 20+ years of international corporate finance and • 10+ years experience in legal, regulatory, policy international mining in
Slide 17: Australian and American Board of Directors
Australian and American Board of Directors Creagh Geoffrey Hill Chris Gibbs Melissa ‘Mel’ O’Connor AM Deputy Chairman Non-Executive Sanderson Chairman Director Non-Executive Director • 40+ years as C-Suite and Director. • Director of ARR from 1989 to June • 25+ years international experience • Inter
Slide 18: Strong Operational Partners
Strong Operational Partners 18 AMERICAN RARE EARTHS | November 2023 ASX: ARR OTCQB: ARRNF ADRs OTCQX FSE:1BHA
Slide 19: Established R&D Partnerships
Established R&D Partnerships US Department of Defense US Department of Energy US Department Advanced Research Projects Critical Materials Institute (CMI) of Energy Agency’s EMBER program 19 AMERICAN RARE EARTHS | November 2023 ASX: ARR OTCQB: ARRNF ADRs OTCQX FSE:1BHA
Slide 20: Environmental, Social and Governance
Environmental, Social and Governance • Culture of safety driving strong safety record. • Processing technology does not require Acid Bake/cracking. • Closed processing system, minimising environmental impact. • Dry tailings. • De minimis radioactivity (thorium and uranium). • Strong female represent
Slide 21: Financial Highlights – September 30, 2023
Financial Highlights – September 30, 2023 (in AUD, except shares) Share Price: (market close 31/10/2023) $0.13 Shares Outstanding: 446.6 million Market Cap: (market close 31/10/2023) $58 million Cash Position: $9.6 million 1 Invested Financial Assets : $5.0 million 1. Represents investments in Cobal
Slide 22: Appendix
Appendix
Slide 23: Wood Flowsheet (Crushing and Primary Grinding)
Wood Flowsheet (Crushing and Primary Grinding) ROM Cyclone O/flow to WHIMS Primary Crushing Primary Cyclones Crushed Ore Stockpile SAG Mill Hopper 23 AMERICAN RARE EARTHS | November 2023 ASX: ARR OTCQB: ARRNF ADRs OTCQX FSE:1BHA
Slide 24: Wood Flowsheet (Beneficiation)
Wood Flowsheet (Beneficiation) Primary Cyclone O/flow Final Tails Thickening Primary WHIMS Primary WHIMS Process Water Pond Surge Tank Tails Filter Tails Dry Stack Primary Mags Thickener Secondary Mags Thickener Concentrate Slurry Secondary WHIMS Primary Mags Regrind Secondary Mags Regrind 24 AMERIC
Slide 25: Wood Flowsheet (Beneficiation, continued)
Wood Flowsheet (Beneficiation, continued) Concentrate Slurry Residue Filtration (2 stage) Residue to Tails Dry Stack Partial Neutralisation Limestone Residue Filtration (2 stage) Fe/Th Residue to Tails Co-disposal RO Plant Effluent Neutralisation Effluent Filtration Effluent Neutralisation 2 Na2CO3
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