Summary of Centaurus Metals Conference Call Company Overview - **Company**: Centaurus Metals - **Project**: Jaguar Nickel Sulfide Project - **Location**: Brazil Key Points and Arguments Project Progress and Feasibility - Significant progress has been made on the Jaguar nickel sulfide project over the past twelve months, with plans for an investment decision by the end of Q1 next year [3][26] - The project has a resource of 138 million tonnes of nickel, containing approximately 1.2 million tonnes of nickel metal, with reserves of around 400,000 tonnes [4][18] - The project is expected to have a fifteen-year life based on current open-pit reserves [4] Economic Viability - The project is highly economic, with an NPV exceeding AUD 1 billion and an IRR above 30% [10] - Operating costs are projected at $4.43 per pound, positioning the project competitively against other nickel sources, particularly from Indonesia [12][23] - The project is expected to generate free cash flows of approximately USD 170 million annually at long-term nickel prices, with current spot prices yielding around USD 100 million [23] Strategic Partnerships and Funding - Centaurus is actively seeking a minority project partner to secure funding and ensure competitiveness throughout the nickel cycle [5][6] - The company is in discussions with various groups for long-term offtake agreements, highlighting a disconnect between strategic needs for nickel supply and equity market perceptions [6] Environmental and Regulatory Approvals - All necessary environmental licenses have been obtained, including a preliminary license and an installation license, allowing for project construction [7][8][24] - The project benefits from a low carbon footprint due to Brazil's reliance on hydroelectric power, which is attractive to potential partners [8][14] Production Profile - The production profile is expected to start at approximately 22,500 tonnes of nickel annually for the first seven years, tapering to around 16,000-17,000 tonnes in subsequent years [10][22] - There is potential for additional underground mineralization that could enhance production in the future [19] Infrastructure and Location Advantages - The project is located in the Carajas mineral province, a well-established mining region with significant infrastructure, including roads and power lines [15][28] - Proximity to Vale's operations and other mining projects enhances logistical advantages for Centaurus [15][16] Future Outlook - An investment decision is anticipated by March or April next year, with a projected two-year build time leading to production around 2028 [26][27] - The company expects a significant re-rating of its market cap once funding is secured and production begins [28] Additional Important Information - The project is positioned as a Tier one scale asset in a prolific mineral province, with strong cash flow generation potential once operational [28] - The Brazilian government has enhanced support for critical mineral projects, improving the funding landscape for such initiatives [14]

For personal use only LUNI NIOBIUM PROJECT A ONCE IN A GENERATION DISCOVERY DIGGERS AND DEALERS MINING FORUM 2024 Best Emerging Company CORPORATE PRESENTATION AUGUST 2025 Nb IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Ltd (WA1, the Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a re ...

Core Insights - The Tanbreez Project is demonstrating exceptional results, with high-grade TREO deposits reaching up to 0.89% and approximately 27% HREO, exceeding internal estimates [1][2] - The strategic importance of the Tanbreez Project is highlighted by the U.S. need for domestic sources of critical minerals, especially in light of China's gallium export ban [2][29] - The company has made significant progress in its drilling programs, processing all 2024 drill cores and completing over 1,200 meters of drilling as part of the 2025 Fjord Resource Upgrade program [2][11] Drilling Results - Recent diamond drill assay results from ten holes show gallium oxide concentrations ranging from 80 ppm to 140 ppm and TREO values from 0.32% to 0.89% [5][28] - Historical drilling results confirm high-grade TREO values between 0.38% to 0.51% with 28% HREO at the Fjord Deposit and 0.42% to 0.48% with 26% HREO at the Hill Deposit [5][6] - The 2025 drilling program has completed five holes totaling 1,250 meters, with further assays pending [5][11] Mineral Resource Estimates - The current Mineral Resource Estimate for the Fjord Eudialyte Deposit includes an Indicated Resource of 8.76 million tons (MT) and an Inferred Resource of 13.8 MT, totaling 22.56 MT [16][36] - The company is executing a US$2.0 million diamond drill hole contract aimed at increasing the existing Mineral Resource Estimate [16][18] Strategic Importance - The gallium results from the Tanbreez Project are significant, as gallium is on multiple national critical minerals lists, enhancing the project's strategic appeal [28][29] - The project is positioned to support U.S. defense capabilities and national security by securing domestic sources of critical minerals [2][29] Company Overview - Critical Metals Corp. is focused on critical metals and minerals, with the Tanbreez Project being one of the largest rare earth deposits globally, located in Southern Greenland [38][39] - The company also holds the Wolfsberg Lithium Project, which is expected to be a major producer of lithium products for the European market [39][40]

Geopolitical Implications - China is limiting the flow of critical minerals to Western defense manufacturers [1] - This forces Western defense manufacturers to search globally for mineral stockpiles [1] Defense Industry Impact - The minerals are needed for manufacturing bullets and jet fighters [1]

Summary of Conference Call Records Company: Patriot Battery Metals (PMET.F) Key Points - **Project Overview**: The Shaka Jawanan project in North Central Quebec is highlighted as a significant lithium and critical mineral development project, benefiting from proximity to infrastructure such as hydro dams and roads [1][2][3] - **Resource Discovery**: The project boasts the largest hard rock lithium resource in the Americas, with high-grade subsets. The total resource includes approximately 25 million tons at 2% lithium [4][9] - **Cesium Discovery**: A significant cesium discovery has been made, with a resource of about 2.3 million tons, including a high-grade pod of 10.5% cesium oxide, which is larger than the current largest resource globally [5][6][13] - **Tantalum Co-Product**: Tantalum is also identified as a high-grade co-product, contributing to the project's overall value [7] - **Market Dynamics**: The cesium market is currently supply constrained, with China controlling 80-90% of the chemical capacity. The discovery at Shaka Jawanan presents an opportunity to create a more independent Western supply chain [13][14] - **Solar Efficiency**: The potential for cesium in enhancing solar panel efficiency through perovskite structures is discussed, with a projected market growth of 10 to 20 times in cesium demand due to this technology [15][16] - **Feasibility Study**: A lithium-only feasibility study is expected to be delivered soon, with further optimization to include cesium and tantalum in later phases [7][18] - **Regulatory Environment**: Quebec is described as a favorable mining jurisdiction, with strong First Nations engagement and a streamlined approval process [19][27] - **Lithium Demand Outlook**: The company believes that current forecasts for lithium demand are too cautious, particularly in stationary energy storage applications, which are expected to grow significantly [20][21][25] Company: Australian Strategic Materials (ASM) Key Points - **Industry Context**: ASM operates in the rare earths and critical minerals sector, which is experiencing increased urgency for alternative supply chains due to geopolitical tensions and supply chain vulnerabilities dominated by Chinese production [31][32] - **Project Development**: The Dubbo project in New South Wales is highlighted as a key asset, with plans to refine and separate materials for downstream markets. The company has an operational metals plant in Korea and is planning to replicate this capacity in the U.S. [34][36] - **Financial Position**: ASM has secured approximately $25 million in funding, adding to a strong cash position to support project development [36] - **Production Capacity**: The Korean metals plant has been producing light rare earth metals since 2022, with plans for expansion and increased production capabilities [36][41] - **Supply Agreements**: ASM has established supply agreements with various producers, including a five-year agreement with USA Rare Earths for 60% of their raw material needs [39] - **Project Economics**: The company is working on a heap leach option for the Dubbo project, which is expected to significantly reduce initial capital costs and improve financial returns [46][47] - **Regulatory Approvals**: The Dubbo project has received necessary approvals and is on track for construction to commence in 2027 [48] Company: Rox Resources Key Points - **Transformation and Growth**: Rox Resources has undergone significant transformation, with a focus on becoming a near-term gold producer. The company has reported strong cash flows and a high-grade resource base [51][52] - **Resource Update**: A recent mineral resource statement indicated an 11% increase in overall grade, with a substantial increase in underground resources [53][61] - **Project Economics**: The project is expected to yield over $3,000 per ounce margin at current gold prices, with a strong cash position of $50.5 million [56][62] - **Infrastructure and Permitting**: The project benefits from existing infrastructure and a simplified permitting process due to previous mining activities [55][56] - **Drilling Campaign**: Rox is actively drilling to expand its resource base, with plans for a definitive feasibility study (DFS) to be delivered in November [57][83] - **Path to Production**: The company is on track to commence mining operations in early 2027, with ongoing work on dewatering and approvals [75][76] - **Team and Experience**: The management team has extensive experience in developing mining assets, which is crucial for the project's success [80][82]

Core Insights - Quantum Critical Metals Corp. has completed additional research on its Quest critical mineral property in the Lake Chapiteau region of Québec, enhancing its strategic resource portfolio [1][2][18] - The property hosts critical and rare earth elements, with significant historical anomalous values reported for various elements [2][4] Company Developments - The company has staked an additional claim cell adjacent to its current one to expand exploration potential for rare earth elements [3] - An anomalous sample collected within the claim boundaries showed 20% Total Rare Earth Elements (TREE), with 8.7% being light rare earth elements (TLREE) and 11.3% being total heavy rare earth elements (THREE) [4] - The sample also contained notable amounts of gallium (226 gpt), germanium (78 gpt), and beryllium (15,060 gpt) [4] Industry Context - Recent geopolitical developments, including China's export restrictions on rare earth elements, have heightened concerns over supply chain security for critical minerals [7][16] - The U.S. and China reached a new trade framework to resume the supply of rare earth minerals, emphasizing the need for domestic development of rare earth mining and processing [9] - The demand for critical minerals, including gallium, is projected to grow due to their essential roles in modern technologies such as semiconductors and renewable energy [13][19]

China's Economy & Trade Talks - China's economy is in relatively good shape, with July data showing improvement compared to June, although growth is not exceeding year-ago levels [1][2] - China has included export controls in trade negotiations, giving them significant leverage, particularly concerning rare earths and critical minerals [3][5] - The inclusion of export controls has created a situation of mutually assured destruction, giving China a choke point over the United States economy [6] Manufacturing Sector - Despite PMI data suggesting weakness, the manufacturing sector in China remains strong and continues to export [9][10] - While exports to the United States have contracted, there has been a surge in exports to Asia, indicating the manufacturing machine is still productive [10] - Manufacturing's strength is crucial as China currently lacks other significant growth drivers [11] Security Concerns & Chip Industry - China is raising potential security risks with chips, potentially as a response to concerns about Huawei [6] - There are concerns about the future ability to geographically track chips, leading to worries about transshipment and potential circumvention of regulations [7]

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US-China Trade Negotiations - Negotiations with China are expected to differ significantly from those with the UK, Japan, and the EU [2] - China is prepared to respond to tariffs on a reciprocal basis and has other leverage mechanisms, such as export controls on critical minerals [2][3] - The negotiation is expected to be lengthy due to each side's strengths and weaknesses [3] Tariff Outlook - The initial approach of securing deals with allies before focusing on China has not been successful [6] - The market anticipates the removal of approximately 20% of EPA fentanyl tariffs over the next 90 days [9][10] - A 25% tariff from 2018 is expected to remain in place [10] Critical Minerals - China has leveraged export controls for critical minerals [3][6] - There is uncertainty regarding the expiration of the six-month sunset on the critical minerals export licensing process agreed to by China [8] Timelines and Potential Meetings - An additional 90 days are expected to provide benefits for Chinese factories, businesses, and consumers, extending beyond the holiday shopping period [7] - The administration aims to arrange a meeting between President Trump and President Xi Jinping [8]

This coal company has started excavating its new Wyoming critical minerals find. CEO Randy Atkins doesn’t want the Pentagon’s money, but he does want a U.S. strategic reserve.Read more: https://t.co/Sz0Xo5N926 https://t.co/sm1hv09sWc ...