Where are the strategic metals projects?

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



Intierra Business Model


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)


•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.


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!)


REE Activity – Asia / EuropeFebruary 2011

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REE Activity – North AmericaFebruary 2011

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REE Activity – AustraliaFebruary 2011

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REE Activity – South America & AfricaFebruary 2011

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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%


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


Capital Raisings - REEJanuary 2010 - February 2011


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


Capital Raisings - Lithium & Tantalum GroupJanuary 2010 - February 2011


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


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


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


TransactionsJanuary 2010 - February 2011


Non resource property transactionsJanuary 2010 - February 2011

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Conclusions

• REE activity around the world

• Resource significant countries: China, Australia & USA

• Capital Raisings –where, how much & what for?

• Pre- Asset Property Transactions


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

Where are the strategic metals projects?

Economy & Finance

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