Northern Minerals Limited · ASX:NTU
Northern Minerals — UBS Resources Corporate Day (March 2023)
26 slides from Northern Minerals's conference presentation, Mar 30, 2023
Slide 1: Becoming an important supplier of dysprosium and terbium
DRAFT Northern Minerals For personal use only Becoming an important supplier of dysprosium and terbium UBS Resources Corporate Day 30 March 2023
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is dated 30 March 2023 and has been prepared by Northern Minerals Limited (ACN 119 966 353) (“NTU”, “Northern Minerals” or the “Company”). By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you ackn
Slide 3: Disclaimer
Disclaimer Past performance For personal use only Past performance, including past share price performance of Northern Minerals and historical financial information if provided in this Presentation, is provided for illustrative purposes only and should not be relied upon as (and is not) an indicatio
Slide 4: Acknowledgement of Country
Acknowledgement For personal use only of Country We acknowledge the Traditional Custodians of the lands upon which we operate, the Jaru, Purnululu, Tjurabalan and Malarngowem peoples. We recognise their unique cultural heritage, beliefs and connection to these lands, waters and communities. We pay o
Slide 5: Contents
1. Executive Summary and Key Strategy For personal use only 2. Browns Range Project and Market Opportunity 3. Iluka Strategic Partnership 4. Board and Management 5. Summary Appendix A: Mineral Resource Estimate Contents 5
Slide 6: Executive summary
Executive summary For personal use only Aiming to be a leading ex-China supplier of Dysprosium and Terbium, which have strong demand tailwinds from 1 global electrification Strategic partnership with Iluka de-risks and accelerates the project development via a supply agreement and 2 reduced project
Slide 7: Following a strategic review Northern Minerals is on the path to production
Following a strategic review Northern Minerals is on the path to production Northern Minerals has conducted a strategic review of the business led by Executive Chair, Nick Curtis, and has For personal use only mapped a clear path forward to production Company timeline ASX listing Significant Maiden
Slide 8: 2. Browns Range Project
2. Browns Range Project For personal use only ASX:NTU 8
Slide 9: The Northern Minerals proposition
The Northern Minerals proposition Northern Minerals’ assets sit within a uniquely Dy and Tb rich mineral setting in For personal use only the Kimberley (Browns Range), with significant resource growth prospectivity High quality mineralisation field, hosting Dy and Tb Structural geology and minerol
Slide 10: Rich in Dysprosium and Terbium
Rich in Dysprosium and Terbium Rare Earth Elements at Browns Range For personal use only Rare earth elements hosted in : 3.24% 4.98% ❖ Xenotime (Browns Range) 2.01% 0.45% 0.71% 0.56% ❖ Ionic clays (China / Myanmar) 0.70% ❖ Bastnasite (Mountain Pass) 1.30% ❖ Monazite (Mt Weld & Iluka) 1.80% 2.17% 4.1
Slide 11: Moving Wolverine deposit towards production
Moving Wolverine deposit towards production The company’s strategic objective is to bring the Browns Range Project (Wolverine deposit) into production and focus on For personal use only being a producer of REOs, critical in high performance magnet production Pathway towards production Ore Sorter at
Slide 12: Processing IP from pilot plant
Processing IP from pilot plant 1,140t of concentrate has already been produced at the target grade through the pilot plant – it is the same material For personal use only from the same orebody The ore is enriched in xenotime within a predominantly quartz and mica host rock Grade is increased ~40
Slide 13: What is the market opportunity?
What is the market opportunity? The inflection towards electrification and decarbonisation is undoubted – permanent magnets play a critical role in the For personal use only realisation of these processes which creates strong long-term demand for key magnet minerals Dysprosium and Terbium are critic
Slide 14: 2. Iluka Strategic Partnership
2. Iluka Strategic Partnership For personal use only ASX:NTU 14
Slide 15: Strategic arrangements with Iluka
Strategic arrangements with Iluka Northern Minerals Strategic Partnership with Tier 1 partner Iluka Resources For personal use only TREO Supply Agreement signed with Iluka Resources covering current known Mineral Resource over initial 8+ year mine life (30.5k tonnes of contained TREO in concentrat
Slide 16: The Strategic Partnership benefits both parties
The Strategic Partnership benefits both parties For personal use only For Northern Minerals: Map • Iluka’s funding contribution assists NTU in delivering the DFS and, subject to its findings, proceeding to FID on Browns Range Q1 2024 • Its concentrate will be processed in Australia – the first time
Slide 17: Iluka Supply Agreement
Iluka Supply Agreement Xenotime Concentrate Sale And Purchase Pricing mechanism illustration For personal use only Agreement1 Northern Minerals to produce Xenotime concentrate from its Browns Range Project and sell to Iluka for use in its Eneabba Refinery Proposed annual production to be deliver
Slide 18: 2. Board and Management
2. Board and Management For personal use only ASX:NTU 18
Slide 19: Introducing the management team executing on a refocused strategy
Introducing the management team executing on a refocused strategy Northern Minerals is led by Executive Chairman, Nick Curtis, who has extensive experience in Rare Earths. For personal use only Leadership team Nick Curtis (Executive Chairman) Robin Jones (Head Of Projects) Over 35 years experience
Slide 20: Experienced leadership
Experienced leadership For personal use only Angela Glover Simon Pooley Hayley Patton Head of External Relations Head of Geology Head of People & Culture Over 20 years experience in 30 years international Over 15 years’ experience in resources and industry in WA, experience including with Rio
Slide 21: Board of Directors
Board of Directors In addition to Nick Curtis and Shane Hartwig For personal use only Bin Cai (Executive Director) Adam Handley (Non-Executive Director) Bin is the Managing Director of Conglin International Adam is a Partner and China Markets Leader for Investment Group Pty Ltd based in Brisbane
Slide 22: 4. Summary
For personal use only 4. Summary ASX:NTU 22
Slide 23: Summary
Summary For personal use only A refocused Northern Minerals following a strategic review with a clear pathway towards production, now focused on updating 1 the DFS and being a rare earths concentrate producer Strategic partnership with Iluka de-risks and accelerates the development of the Browns Ran
Slide 24: Appendix A: Mineral Resource Estimate
Appendix A: Mineral Resource Estimate For personal use only ASX:NTU 24
Slide 25: Mineral Resource Estimate
Mineral Resource Estimate Global Mineral Resource Estimate (October 2022)1,2 Browns Range Project Overview For personal use only Deposit Classification Mt TREO Dy2O3 Y 2 O3 Tb4O7 HREO TREO % kg/t kg/t kg/t % kg The Project is located in the East Kimberley region of Western Australia, Wolverine Mea
Slide 26: For personal use only
For personal use only ASX:NTU 26
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