Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (December 2024)
24 slides from Northern Minerals's investor presentation, Dec 3, 2024
Slide 1: Re-issued Company Presentation ASX Announcement
ASX Announcement 3rd December 2024 Re-issued Company Presentation Northern Minerals Limited (ASX: NTU) (Northern Minerals or Company) wishes to advise of the reissuance of the Company Presentation announced on the 20 November 2024. The Company has been requested by the ASX to provide further detail
Slide 2: About Northern Minerals
About Northern Minerals Northern Minerals Limited (ASX: NTU) (Northern Minerals or the Company) owns 100% of the Browns Range Heavy Rare Earth (HRE) Project in northern Western Australia, tenements uniquely rich in the heavy rare earth elements dysprosium (Dy) and terbium (Tb). Dysprosium and terbiu
Slide 3: Company Presentation
For personal use only Company Presentation Creating value and contributing to a cleaner earth 20 NOVEMBER 2024 ASX:NTU
Slide 4: Important Information
Important Information This presentation (“Presentation”) is dated 20 November 2024 and has been prepared by Northern Minerals Limited Effect of rounding (ACN 119 966 353) (“NTU”, “Northern Minerals” or the “Company”). By attending a presentation or briefing, or accepting, accessing or reviewing this
Slide 5: Company Introduction
Company Introduction A HIGH-GRADE HEAVY RARE EARTHS DEPOSIT, EXPANSIVE EXPLORATION POTENTIAL AND AN EXPERIENCED TEAM DRIVING BROWNS RANGE TO OPERATION 1 For personal use only BROWNS RANGE HEAVY RARE EARTHS (HRE) PROJECT Browns Range is the most advanced HRE project globally2 $0.019 Targeting pro
Slide 6: 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 High Value • Mining and processing at site to produce c. 25% Concentrate TREO concentrate rich in heavy rare earths Exploration • Recent drilling results confirm deposit i
Slide 7: Supplying a Sustainable Future
Supplying a Sustainable Future DYSPROSIUM (Dy) AND TERBIUM (Tb) ARE KEY INPUTS TO HIGH For personal use only TEMPERATURE PERFORMANCE MAGNETS HIGH TEMPERATURE PERFORMANCE MAGNETS ARE CRITICAL COMPONENTS OF ELECTRIC VEHICLES, WIND TURBINES, DEFENCE APPLICATIONS AND BROADER CLEAN ENERGY TECHNOLOGIES Co
Slide 8: A Heavy Rare Earth Basket
A Heavy Rare Earth Basket BROWNS RANGE HAS THE POTENTIAL TO BE THE LARGEST SOURCE OF Dy AND Tb OUTSIDE OF CHINA For personal use only Dy/Tb assemblage by volume2 Dy/Tb assemblage by volume (not reported in accordance with JORC code)3 ▪ Browns Range has a rare earths assemblage of 10%1 Dy and Tb, amo
Slide 9: Diversifying the Global Magnet Value Chain
Diversifying the Global Magnet Value Chain CHINA DOMINATES THE VALUE CHAIN, OPPORTUNITY TO 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.S.
Slide 10: Strong Government Sector Support
Strong Government Sector 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 Pro
Slide 11: Environmental, Social and Governance
Environmental, Social and Governance ESTABLISHED COMMUNITY ENGAGEMENT, ONGOING ENVIRONMENTAL MONITORING AND MANAGEMENT, PLANNING FOR SUSTAINABLE DEVELOPMENT AND REPORTING For personal use only Continuous All site activities improvement of Ongoing environmental Extensive environmental Pursuing a hybr
Slide 12: 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 13: 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 14: 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 15: Significant Tenure Holdings
Significant Tenure Holdings For personal use only Company Presentation | November 2024 13
Slide 16: Wolverine Resource
Wolverine Resource WOLVERINE UNDERPINS THE INITIAL LIFE OF MINE, WITH CONSIDERABLE OPPORTUNITY TO DEVELOP NEARBY RARE EARTH DEPOSITS For personal use only Current Resource Estimate Wolverine Deposit Expansion JORC-compliant Mineral Resource estimate1 kt 80 1.2% Ore TREO2 Dy Tb TREO2 Mt % kg/t kg/t t
Slide 17: 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 18: 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 19: Appendix
For personal use only Appendix 17
Slide 20: Appendix A: Source Documents (JORC compliant peers)
Appendix A: Source Documents PEER COMPARISON REFERENCE DETAILS – JORC COMPLIANT For personal use only Development DyTb:TREO ratio Project Company Category Standard Source Stage Measured Indicated Inferred Total 10 October 2022: ASX Announcement – “Updated Browns Northern Minerals Feasibility 10.0% 1
Slide 21: Appendix A: Source Documents (non-JORC compliant peers)
Appendix A: Source Documents PEER COMPARISON REFERENCE DETAILS – NON JORC COMPLIANT For personal use only Development DyTb:TREO ratio Project Company Category Standard Source Stage Measured Indicated Inferred Total Namibia Critical Feasibility Lofdal Minerals Inc 7.2% 5.3% 5.0% 5.4% Mineral Resource
Slide 22: Appendix B: Mineral Resource
Appendix B: Mineral Resource GLOBAL MINERAL RESOURCE BROWNS RANGE HEAVY RARE EARTHS ESTIMATE (OCTOBER 2022) 1,2 PROJECT OVERVIEW For personal use only TREO Dy2O3 Y2O3 Tb4O7 HREO TREO Deposit Classification Mt % kg/t kg/t kg/t % kg • The Project is located in the East Kimberley region of Western Aust
Slide 23: Dy/Tb Pricing
Dy/Tb Pricing DEMAND FUNDAMENTALS SUPPORT EXPECTATIONS OF INCREASE IN Dy/Tb PRICES IN THE LONG TERM For personal use only Dy and Tb oxide historical prices4 Prices rebounding in the last 4 months (Dy +10% and Tb +20% since July low) US$/kg US$/kg 600 3,000 Sustained restriction on HRE feedstock impo
Slide 24: 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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