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Objective Capital's Rare Earths, Speciality & Strategic Metals Investment Summit 2011Ironmongers' Hall, City of London17 March 2011Speaker: Jess Pridmore, Intierra Resource Intelligence
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RARE EARTHS, SPECIALITY& STRATEGIC METALSINVESTMENT SUMMIT
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011www.ObjectiveCapitalConferences.com
Where are the strategic metals projects?Jess Pridmore – Business Dev’t Director, Intierra
Confidential to Intierra Pty Ltd
Rare Earths & Metals:
A Global Overview of Activity and Investment
IntierraJess Pridmore
Confidential to Intierra Pty Ltd
Confidential to Intierra Pty Ltd
Intierra Business Model
Confidential to Intierra Pty Ltd
Introduction
• Where are the resources? - Project stage & resource location
• Capital raisings for REE + RM- What are the funds being used for?
• Property Transactions (pre-asset stage)
Confidential to Intierra Pty Ltd
•Resource figures in this presentation are based on Measured + Indicated + Inferred resources
• All figures are in US dollars
• Rare Earths Elements or REE refers to the 15 lanthanides plus yttrium and scandium
• Included in this presentation are some figures relating to Rare Metals, including Lithium, Tantalum and Niobium.
Confidential to Intierra Pty Ltd
Rare Earths..
• Lanthanum (La), Cerium (Ce), Praseodymium (Pr),
• Neodymium (Nd), Promethium (Pm), Samarium (Sm),
• Europium (Eu), Gadolinium (Gd), Terbium (Tb),
• Dysprosium (Dy), Holmium (H0), Erbium (Er),
• Thulium (Tm), Ytterbium (Yb), Lutetium (Lu)
• Scandium (Sc) Yttrium (Y)
• (UNOBTAINIUM is not a rare earth!)
Confidential to Intierra Pty Ltd
REE Activity – Asia / EuropeFebruary 2011
image
Confidential to Intierra Pty Ltd
REE Activity – North AmericaFebruary 2011
image
Confidential to Intierra Pty Ltd
REE Activity – AustraliaFebruary 2011
image
Confidential to Intierra Pty Ltd
REE Activity – South America & AfricaFebruary 2011
image
Confidential to Intierra Pty Ltd
Total Resources per CountryJanuary 2010 - February 2011
Totals in order of grade weightingCountry TREO (t) Grade
China 36,000,000 2.4%
Australia 3,250,000 4.64%
USA 1,700,000 6.1%
Mongolia 5,750,000 1.6%
Greenland 5,000,000 1.1%
Canada 4,250,000 1.3%
South Africa 1,000,000 2.5%
Brazil 1,800,000 0.7%
Malawi 107,000 4.3%
Argentina 117,600 2.1%
Kazakhstan 304,150 0.8%
Sweden 350,000 0.56%
Kenya 299,000 0.61%
Saudi Arabia 489,000 0.13%
Kyrgyzstan 48,900 0.22%
Finland 5,200 1.13%
Confidential to Intierra Pty Ltd
Capital Raisings - REEJanuary 2010 - February 2011
Totals per Country
Country Raised Country Raised
USA $606,300,000 Tanzania $9,300,000
Australia $148,600,000 Malawi $7,700,000
Canada $125,300,000 Kenya $5,400,000
South Africa $100,500,000 Finland $3,800,000
Malaysia $30,000,000 Sweden $3,800,000
Greenland $21,000,000 Kyrgyzstan $2,000,000
TOTAL $1,062,000,000
Confidential to Intierra Pty Ltd
Capital Raisings - REEJanuary 2010 - February 2011
Confidential to Intierra Pty Ltd
Capital Raisings - Lithium & Tantalum GroupJanuary 2010 - February 2011
Totals per Country
Country US$ Raised Country US$ Raised
Australia $315,500,000 Austria $6,800,000
Canada $157,500,000 Egypt $3,200,000
Argentina $114,500,000 Bolivia $2,000,000
China $91,500,000 USA $2,000,000
Chile $43,000,000 Bosnia $1,000,000
Malawi $41,000,000 Serbia $1,000,000
Mozambique $34,000,000
TOTAL $813,000,000
Confidential to Intierra Pty Ltd
Capital Raisings - Lithium & Tantalum GroupJanuary 2010 - February 2011
Confidential to Intierra Pty Ltd
Major Funds Raised – REE & Lithium/TantalumJanuary 2010 - February 2011
Totals per Company
Company Raised
Molycorp, Inc REE $505,000,000
Galaxy Resources Limited Li $250,500,000
Canada Lithium Corp. Li $136,000,000
Arafura Resources Limited REE $111,500,000
Talison Lithium Limited Li $81,000,000
Rare Element Resources Limited REE $68,500,000
Frontier Rare Earths Limited REE $61,500,000
Quest Rare Minerals Ltd REE $53,000,000
Lithium Americas Corp. Li $49,500,000
Reed Resources Ltd Li $47,500,000
Confidential to Intierra Pty Ltd
Capital Raisings – REE & Lithium/TantalumJanuary 2010 - February 2011
USD Raised by Purpose/CountryAsset
Acquisition USD$ CAPEX USD$ Development USD$ Exploration USD$
Australia $25,000,000 USA $505,000,000 Canada $255,000,000 Chile $43,000,000
Austria $6,800,000 Australia $240,000,000 Australia $122,600,000 Canada $25,000,000
Argentina $5,000,000 China $91,500,000 South Africa $100,500,000 USA $23,000,000
Canada $3,000,000 Argentina $37,500,000 USA $80,500,000 Argentina $22,200,000
Mozambique $34,000,000 Argentina $49,500,000 Australia $21,500,000
Malaysia $30,000,000 Malawi $41,000,000 Tanzania $9,300,000
Greenland $21,000,000 Malawi $7,700,000
Egypt $3,200,000 Kenya $5,400,000
Finland $3,800,000
Sweden $3,800,000
Bolivia $2,000,000
Kyrgyzstan $2,000,000
Bosnia $1,000,000
Serbia $1,000,000
TOTAL $39.8M TOTAL $938M TOTAL $673.3M TOTAL $168.7M
Confidential to Intierra Pty Ltd
Capital Raisings – REE & Lithium/TantalumJanuary 2010 - February 2011
* Yet to be completed
2010-2011 Initial Public Offerings (IPO's)
Company Raised Type Activity
Molycorp, Inc $505,000,000 IPO Modernisation of USA REE Mine
Frontier Rare Earths Limited $61,500,000 IPOAdvanced work on South African REE Deposit
Lithium Americas Corp. $50,000,000 IPOAdvanced work on Argentina Lithium Deposit
Montero Mining and Exploration Ltd. $4,000,000 IPO Exploration of Tanzania REE Properties
Geomega Resources Inc. $3,000,000 IPO Exploration of Canadian REE Properties
China Minmetals Rare Earth Co Ltd *Proposed Float Developing REE Deposits in China
Kimberley Rare Earths Limited $15,000,000*Proposed Float Spin off of West Australian REE Project
Confidential to Intierra Pty Ltd
TransactionsJanuary 2010 - February 2011
Confidential to Intierra Pty Ltd
Non resource property transactionsJanuary 2010 - February 2011
image
Confidential to Intierra Pty Ltd
Conclusions
• REE activity around the world
• Resource significant countries: China, Australia & USA
• Capital Raisings –where, how much & what for?
• Pre- Asset Property Transactions
Confidential to Intierra Pty Ltd
Average Investment per HectareJanuary 2010 - February 2011
Grass Roots (Pre Drilling)
Country Investment Hectares USD/Ha
USA $1,040,000 200 $5,200
Peru $3,000,000 2,425 $1,237
Australia $10,000,000 26,900 $372
Sweden $140,000 824 $170
Canada $41,871,800 315,929 $133
Argentina $15,000 3,928 $4
Exploration (Drill targets defined/drilled)
Country Investment Hectares USD/Ha
USA $233,500 24 $9,729
Zambia $1,350,000 150 $9,000
Mozambique $1,000,000 510 $1,961
Greenland $4,800,000 4,284 $1,120
Canada $40,713,000 89,641 $454
Australia $825,000 10,700 $77
Angola $543,000 252,000 $2