American Rare Earths Ltd · ASX:ARR
American Rare Earths — 34th Global Metals, Mining & Critical Minerals Conference 2025
23 slides from American Rare Earths's conference presentation, February 2025
Slide 1: Building America's Rare Earth Powerhouse
ASX : ARR OTCQX: ARRNF (ADR) AMRRY BUILDING AMERICA’S RARE EARTH POWERHOUSE 34th Global Metals, Mining & Critical Minerals Conference February 23 – 26, 2025 INVESTOR PRESENTATION FEBRUARY 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve subjective judgement and analysis This work was reviewed and approved for release by Mr Kelton Smith (Society of Mining Engineers and accordingly, are subject to signi
Slide 3: Clear Path to Building America's Next Major Rare Earth Supplier
American Rare Earths CLEAR PATH TO BUILDING AMERICA’S NEXT MAJOR RARE EARTH SUPPLIER ARR is advancing one of Robust Scoping Study Strategic advantage with the most significant rare economics demonstrate permitting on State of WY earth development project viability and Land and Minerals (2-3 projects
Slide 4: American-Made Rare Earths
AMERICAN-MADE RARE EARTHS GROWTH ALIGNED, MARKET-DRIVEN EXPANSION FOR U.S. & ALLIES Permanent Mining2 Processing2 CURRENT SUPPLY DYNAMICS Magnet Production2 § China has restricted exports of key critical minerals: gallium, germanium, 10% 6% graphite, and antimony. 30% § China produces ~70% of global
Slide 5: Securing Rare Earths Is No Longer Optional
“SECURING RARE EARTHS IS NO LONGER OPTIONAL - IT’S ESSENTIAL FOR NATIONAL SECURITY, DEFENSE, AND INDUSTRIAL LEADERSHIP.” 2.63Bt ARR JORC RESOURCE Halleck Creek could become a multi-generational rare earths asset for the United States, with the potential capacity to meet current US domestic consumpti
Slide 6: Strategic Position
STRATEGIC POSITION U.S. SUPPLY CHAIN CRITICAL MINERAL SOLUTION SCALABLE & LONG-TERM Reducing dependence on China- A domestic supply for defense, aerospace Developing One of the Largest Rare controlled supply and refining. and advanced technology. Earth Resources in North America We’re not just minin
Slide 7: Asset Overview
ASSET OVERVIEW DIVERSIFIED REE OPPORTUNITY WITH MULTIPLE 100%-OWNED ASSETS HALLECK CREEK § Anticipated to be a key portfolio value driver over time. § Positioned to accelerate the development of one of the largest rare earth deposits in North America. § 2.6Bt at 3,292 ppm Total Rare Earth Oxide (TRE
Slide 8: Halleck Creek: The Game-Changer
HALLECK CREEK THE GAME-CHANGER One of the largest rare earth deposits in the United 16% SURFACE AREA States with vast untapped potential. COVERED BY JORC RESOURCE JORC-compliant resource of 2.63 billion tonnes at ESTIMATE 3,292 ppm Total Rare Earth Oxides (TREO)1 Total ore mined over the 20-year lif
Slide 9: Halleck Creek
HALLECK CREEK LARGE, US DOMESTIC, SCALABLE RARE EARTHS PROJECT WITH A CLEAR PATH TO PERMITS PROJECT STATS Montana South Dakota § RESOURCE: - 2.6 Billion tonnes @ 3292ppm Cody § MAGNETIC RARE EARTHS: 26% of TREO Beaver Creek Buffalo Project Gillette § OPEN-PIT MINE: Deposit is amenable to open-pit mi
Slide 10: Robust Project Economics
SIGNIFICANT UP-SIDE ROBUST POTENTIAL: 2.6 billion tonne JORC PROJECT ECONOMICS resource, highlighting potential for extended mine life and increased production at Halleck Creek. HALLECK CREEK | UPDATED SCOPING STUDY FEBRUARY 2025 CAPEX1 NPV10% IRR Payback US$ (after-tax)1 (after-tax)1 period 1 3Mtpa
Slide 11: 100% U.S. Based From Mine to Refinery
100% U.S. BASED FROM MINE TO REFINERY WYOMING, U.S.A. | PERMITTING ADVANTAGE LICENSE TO EXPLORE Streamlined permitting Cost-efficient The Cowboy State Mine process accelerates open-pit mining § License Secured: Advancing Cowboy State development. enhances profitability. Mine development. § Bulk Samp
Slide 12: Advancing Forward
ADVANCING FORWARD CONTINUED PROGRESS UNLOCKING SHAREHOLDER VALUE US$456M EXIM Bank Letter of US$7.1M in non-dilutive Positioned to attract Interest highlights the strategic Wyoming grant funding further investment for importance of Halleck Creek. reduces capital risk. full-scale development. 0.45 64
Slide 13: Development Opportunities
CLEAR Strategic Roadmap 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 PATH Completion comprehensive drilling program ✔ Delivery of Halleck Creek Updated Scoping Study ✔ AHEAD DEVELOPMENT Updating resource models and mine planning Metallurgy Milestone: Achieved a 10X ore upgrade at scale and separated allanit
Slide 14: Halleck Creek Is the Solution
HALLECK CREEK IS THE SOLUTION, DELIVERING A SECURE, U.S. CONTROLLED RARE EARTH SUPPLY CHAIN IN WYOMING, USA. STRATEGIC U.S. ALIGNMENT SIGNIFICANT RESOURCE POTENTIAL CLEAR PATH TO PERMITTING COMMITMENT TO SUSTAINABILITY 14 / 23
Slide 15: Appendix
Appendix 15 / 23
Slide 16: World-Class Team
WORLD-CLASS TEAM BOARD OF DIRECTORS WYOMING RARE (USA) INC (100% Wholly Owned Subsidiary) Richard Hudson, Chairman Joe Evers, President, Wyoming Rare (USA) Inc. Richard is a Chartered Accountant with experience in Joe is the President of Wyoming Rare (USA) Inc., a 100%- M&A, corporate governance and
Slide 17: Capital Summary
CAPITAL SUMMARY Capital Summary1 Shareholders1 ASX Ticker ARR 12.7% Share Price (at close Feb. 19, 2025) A$0.32 Hill Family (ex-Director) 8.7% Fidelity International Shares Outstanding 506M 44.2% Other Top 20 Shareholders Options Outstanding 51.0 Other Shareholders Market Capitalisation A$162M Cash
Slide 18: Halleck Creek Scoping Study Highlights
Halleck Creek Scoping Study Highlights Project Unit Value Capital Expenditures Unit Value CSM Mine Plan yr 20 Initial Mine Capital USD 5,423,976 Processing Run-of-Mine (ROM) Mtpa 3.0 Initial Processing Capital USD 374,644,403 Total Production Mt 85,840,139 Contingency (20%) USD 76,013,676 Constructi
Slide 19: Halleck Creek Scoping Study Highlights
Halleck Creek Scoping Study Highlights Cowboy State Mine Production Profile Cowboy State Mine Project Cash Flow 3,500,000 60.00 400 3,000 USD Millions Cumulative USD Millions 2,500 3,000,000 300 50.00 2,000 2,500,000 200 40.00 1,500 Payable kgs 2,000,000 100 USD/kg 30.00 1,000 1,500,000 - 500 20.00
Slide 20: Halleck Creek Scoping Study Sensitivities
Halleck Creek Scoping Study Sensitivities Tornado Chart -40%/+20% After Tax NPV at 10% (US$M) Tornado Chart -40%/+20% After Tax IRR Base Case: US$558M Base Case: 21.1% NdPr Price 150 761 Processing CAPEX 20.5% 35.8% Processing Cost 468 734 NdPr Price 14.2% 28.3% Processing CAPEX 480 714 Processing C
Slide 21: Halleck Creek Scoping Study
Halleck Creek Scoping Study LOM Mining Stats 3.0 Mtpa Base Case 6.0 Mtpa Alt. Case Total Ore Mined (Mt) 62.3 120.5 Total Waste Mined (Mt) 23.6 46.7 Total Material Mined (Mt) 85.8 167.3 Strip Ratio 0.38 0.39 Recovered Rare Earths 3.0 Mtpa Base Case 6.0 Mtpa Alt. Case La (Mkg) 36.2 67.2 NdPr (Mkg) 38.
Slide 22: Resource Statements
Resource Statements Halleck Creek 1 La Paz 2 Grade Grade Tonnage Tonnage Classification TREO LREO HREO MREO Classification TREO Scandium Mt ppm ppm ppm ppm Mt ppm ppm Measured 206.7 3,720 3,352 370 904 Indicated 35.2 459 17 Indicated 1,272.6 3,271 2,900 360 852 Inferred 135.4 472 17 Inferred 1,147.2
Slide 23: AmericanREE.com
ASX : ARR OTCQX: ARRNF (ADR) AMRRY American Rare Earths Limited ABN 83 003 453 503 89 York Street Level 7, Suite 706 Sydney NSW 2000 Australia P +61 2 8054 9779 1658 Cole Boulevard Suite G30 Lakewood, Colorado 80401 United States AMERICANREE.COM
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