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ASTRON LIMITED — Investor Presentation 2021
Jul 18, 2021
64449_rns_2021-07-18_8c209a4d-1866-410e-b3f2-91e9d9707e5e.pdf
Investor Presentation
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Business Transformation - Delivering value through the commercialisation of Donald Astron Corporation EGM Address – Brisbane, 19 July 2021
Astron Corporation ASX:ATR
Disclaimer
CAUTIONARY STATEMENT
This presentation has been prepared by Astron Corporation Limited (Astron or the “Company”). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, Astron has not considered the objectives, financial position or needs of any particular recipient. Astron strongly suggests that investors consult a financial advisor prior to making an investment decision. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Astron, its related bodies corporate or its shareholders nor their respective directors, officers, employees, agents nor advisors, nor any other person, accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use or application of information contained in this presentation.
This presentation may include “forward looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan”, “guidance” and other similar expressions. Indications of, and guidance on, future earning or dividends and financial position and performance are also forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Astron and its related bodies corporate, together with their respective directors, officers, employees, agents or advisers, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Astron assumes no obligation to update such information. Specific regard should be given to the risk factors outlined in this presentation (amongst other things) . This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment.
This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Certain financial data included in this presentation is not recognised under the Australian Accounting Standards and is classified as 'non-IFRS financial information' under ASIC Regulatory Guide 230 'Disclosing non-IFRS financial information' (RG 230). This non-IFRS financial information provides information to users in measuring financial performance and condition. The non-IFRS fancial information does not have standardised meanings under the Australian Accounting Standards and therefore may not be comparable to similarly titled measures presented by other entities, nor should they be interpreted as an alternative to other financial measures determined in accordance with the Australian Accounting Standards. No reliance should therefore be placed on any financial information, including nonIFRS financial information and ratios, included in this presentation. All financial amounts contained in this presentation
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are expressed in Australian dollars and rounded to the nearest $0.1 million unless otherwise stated. Any discrepancies between totals and sums of components in tables contained in this presentation may be due to rounding.
COMPETENT PERSONS STATEMENT
The information in this document that relates to Exploration Results and Mineral Resources for the Donald Project is based on information first reported in previous ASX announcements by the Company, as listed in this notice. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the original announcements continuing to apply and have not materially changed. The information in this notice that relates to the estimation of the Ore Reserves is based on information compiled by Mr Pier Federici, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Federici is a full-time employee of AMC Consultants Pty Ltd and is independent of Donald Mineral Sands Pty Ltd (DMS) (being the Company’s wholly owned subsidiary) and the Company, the owner of the Donald Project Mineral Resources. Mr Federici has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
The information in this document that relates to the estimation of the Mineral Resources is based on information compiled by Mr Rod Webster, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Webster is a full-time employee of AMC Consultants Pty Ltd and is independent of the Company and DMS, the owner of the Donald Project Mineral Resources. Mr Webster has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not materially modified from the relevant original market announcement.
The information in this document that relates to the metallurgical performance and outcomes of testwork is based on information compiled by Mr Ross McClelland, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr McClelland is the principal metallurgist and director of Metmac Services Pty Ltd. Mr McClelland has been involved with the metallurgical development of the Wimmera-style mineral sands resources for more than 30 years. He has provided metallurgical consultation services to DMS for more than 7 years. He qualifies as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been prematurely modified from the relevant original market announcement.
Astron Corporation ASX:ATR
Astron Corporation
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Astron Corporation Limited (ASX:ATR) is an established and experienced participant in the global mineral sands sector. Our major focus is bringing the major Donald mineral sands resource in Victoria, Australia into commercial production
Focus on creating Expertise from long and delivery of operating history in shareholder value mineral sands sector
Donald reserve & Favourable market Commitment to Advanced evaluation resource – new demand/supply become a high & approvals for material global conditions for main quality resource Donald project source of supply products investment
Astron Corporation ASX:ATR
Astron Corporation’s Attributes
VALUE PROPOSITION
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✓ Net asset value exceeds current market capitalisation;
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✓ Proposal to focus upstream portfolio structure to broaden investment market appeal;
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✓ Potential for valuation uplift from progression and commercialisation of 40 year+, mining and processing operation, with high value revenue streams (especially zircon and rare earth elements);
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✓ Clear stages for value delivery (DFS completion; offtake arrangements; detailed engineering; final regulatory approvals and capital approval)
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✓ Detailed project economics to be disclosed on completion of DFS
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✓ Project economics (based on initial analysis) expected to be robust with competitive revenue: cash cost ratio; attractive IRR; relatively short payback and attractive NPV
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2,100,000YTD share price over trading volume as at 16 July 2021 A$ 0.70
1,800,000 0.60
Volume
1,500,000 Close 0.50
1,200,000 0.40
Volume900,000 0.30
600,000 0.20
300,000 0.10
0 0.00
Jan Feb Mar Apr May Jun Jul
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| ASX Code | ASX:ATR | |
|---|---|---|
| Shares/CDIs on Issue | 122.48M | |
| Share Price | A$ 0.49 | |
| Market Capitalisation1 | A$ 60.0 M | |
| Net Assets (Post-demerger)2 | A$ 85.0 M | |
| Donald Project Location | Minyip, Victoria, Australia | |
| Donald Mine Life | > 40 years | |
| Products | Zircon, Titania, Rare Earths | |
| Zircon: 5.4Mt | ||
| In-situ Reserves3 | Hi-Ti: 8.0Mt Ilmenite: 9.2Mt |
|
| Rare Earths: 491kt |
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Share price and Market Capitalisation as at 16 Jul 2021
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Net asset based upon Pro-forma accounts dated 31 Mar 2021, released as a part of the demerger notice of meeting on 2 Jul 2021, page 21.
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Measured in accordance with the JORC code 2012. See Ore Reserves Update, ASX release on 18 Feb 2021 for further information.
Astron Corporation ASX:ATR
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Key Focus: Transformation to Major Upstream Mineral Sands Producer
Complete portfolio transformation to focus on upstream activities
Delivery of material valuation uplift associated with Donald Commercialisation
Objective to create a high quality, liquid, investible stock
Portfolio reconfiguration to separate upstream (mineral sands) from downstream (China-based) processing assets ASX listed entity to focus on commercialisation of Donald Mineral Sands project (including Donald and Jackson deposits), Victoria Simplification of business model to enhance investment appeal & strengthen balance sheet Facilitate progression through final stages to commercialisation of the Donald project – a major value opportunity Large, long-life (40 years+) mineral sands project, potential to become a major source of global zircon supply Material rare earths component (estimated ~20% of project revenue) Significant titanium dioxide stream suitable for slagging market Market entry at a time of expected favourable supply/ demand for Donald as a globally significant, long-life new production source Organisational enhancement to deliver efficient upstream mineral sands mining and processing capabilities Continue to strengthen board and management plus maintain best practice corporate governance and policies Commitment to multi-generational community and stakeholder engagement contributing to the Victorian and local economy
Astron Corporation ASX:ATR
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Donald Project – Tier 1 Mineral Sands Deposit
Astron through a wholly-owned subsidiary Donald Mineral Sands Pty Limited (DMS), holds the Donald project, a Tier-1 asset that represents one of the world’s largest undeveloped zircon resource.
In total, the Donald project consists of a total licenced area of 506 km[2] .
Ore reserve on the Donald deposit is sufficient to support 40 year+ mine life, In-situ ore body of 28.9 Mt of heavy minerals including, 5.4 Mt of zircon, 9.2 Mt of ilmenite, 8 Mt of higher titanium content products (Hi-Ti).
Project features include:
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Close to existing infrastructure, power, water, export facilities
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Mainly freehold, arable land used for cropping and grazing
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Significant rare earth element component of 491kt
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Advanced regulatory approvals (including EES), as well as water rights
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Metallurgical test work provides confidence of commercial recovery of fine-grained minerals (further work, including pilot plant progressing)
Staged production planned:
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Stage 1 – approx. 120ktpa of zircon, >200ktpa of ilmenite; ~16kpta of RE conc.
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Stage 2 (subject to regulatory approvals) – potential to double production
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Astron Corporation ASX:ATR
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Donald Project – Globally significant source of production
With the depletion of existing major zircon supply sources and limited new material production sources, the Donald and Jackson deposits have the potential to be a pivotal source of global zircon supply, over an extended period spanning generations.
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Total Licensed Area Total Resource (VHM)
506 km [2] 2.4B tonnes [1]
@ 4.8% Heavy Minerals (HM%)
Incl. ML5532, RL2002, RL2003, EL5186 using 1%HM cut-off and VHM where appliable
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Total Reserves
602Mtonnes [1]
@ 4.8% Heavy Minerals (HM)
310Mt of proved reserves and 292 Mt probable
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Total In-situ zircon
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5.4M
tonnes
Equivalent to 5 years of total global demand
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- See Astron Corporation’s ASX announcement on 18 Feb, 2021, “Donald Project Ore Reserves Update”
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7.00
Astron
6.00
5.00
4.00
3.00
2.00
Astron
1.00
0.00
1. The chart has been prepared based on publicly released information by Astron. It does not include all the
mineral sands deposits globally, such as the smaller operations in Hainan Island, China, in Indonesia, more
titanium di-oxide focused mineral sands productions such as various China-owned projects in Mozambique, and
projects where ore reserve data is not publicly available.
Reserves In-Situ Zircon (MT)
Thunderbird Donald Namakwa Richard's Bay Moma Avonbank Grande Cote Toliara Fingerboards Coburn Fairbreeze Cyclone Eucla Basin Perth Basin Cooljarloo QMM Atlas/Campaspe Dongara Tajiri Gingko and Snapper Wonnerup Kwale Niafarang
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Astron Corporation ASX:ATR
Project Concept and Delivery
Pit-to-final product operating model
Astron’s Donald the pit-to-product operating model includes the mining of ore, the gravity concentrating to heavy mineral concentrate (HMC), and the processing to final products of zircon, titania, and rare earth mixed concentrate (REMC).
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Mining Concentrating Separation
Astron intends to undertake all aspects of the mineral sands operation in Australia to:
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ensure a high degree of control and certainty over final outcomes (product recoveries and specifications) and de-risk the operating model.
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enable Astron to quickly adapt production setting to changing customer requirements and market conditions.
Astron is currently in a major organisational strengthening phase to move to DFS and detailed engineering, as well as obtaining the final regulatory approvals.
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Simplified Process Flow Diagram
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Ore Mining Unit Plant
Wet Concentrator
Products
Plant
Heavy Mineral Concentrate (HMC)
Rare Earth
Flotation Plant Rare Earth Mixed
Concentrate
Float - sinks
Wet Magnetic Magnetic Titania
Separation Plant Product
Non-Magnetics Titania Product
(Blended)
Non-Magnetic Hi-Titania (Hi-Ti)
Upgrade Plant Product
Premium Zircon
Zircon Upgrade
Plant Zircon 60
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Astron Corporation ASX:ATR
Mineral Sands Products – Array of Applications
Titanium applications
Zirconium applications
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Ceramics, kitchen and sanitaryware
Paint and pigment production
Solar panels, construction and commercial
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Casting and foundry applications
Healthcare and medical applications
Aerospace and industrial applications
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Rare Earth applications
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Wind turbines and permanent magnets
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Electric vehicles and batteries
Astron Corporation ASX:ATR
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Favourable Long-Term Zircon Market Dynamics
Stable Demand with limited new supply opportunities at a time where existing supply sources are maturing
Donald is expected to commence production at a time when market conditions are favourable in the mineral sands industry, with existing supplies maturing, and material new sources of supply limited. Donald represents one of the few large, well-delineated and advanced new sources of supply at a time when traditional production sources (from Australia and South Africa) are mature or challenged.
Premium zircon price over last 5 years
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2000
Zircon 66
1500
1000
500
0
Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21
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Note: Historic pricing graph is based on Astron’s recently commissioned RuiDow report and based on publicly available data from ruidow.com, the indicative price is reflective of premium zircon prices (USD) as defined by zircon products with ZrO2 > 66%.
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In development Suspended
5% 15%
Suspended
Maturing
Existing production
Existing production
40% In development
Maturing
40%
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Suspended operations refer to Rio Tinto’s Richard Bay Minerals (RBM), which has suspended its operations following recent local unrest in the region. Maturing deposits are defined as projects with a mine-life of 5 years or less. These have been calculated based on reserves and annual production figures and forecasts publicly available.
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The chart is intended to include production volumes of active mineral sands deposits. The data is collected from publicly available information and market reports by Astron.
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The chart does not include all zircon projects globally, such as the smaller operations in Hainan Island, China, in Indonesia, and more titanium di-oxide focused mineral sands productions such as various China-owned projects in Mozambique.
Astron Corporation ASX:ATR
Rare Earth Opportunity
Assisting in the transition to a greener economy
Rare Earth elements have become increasingly important given its wide and expanding range of high-tech applications, including applications of:
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high tech consumer goods – illuminated screens of electronic devices,
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low carbon technologies – permanent magnets: electric vehicle engines, wind turbines. (average wind turbine, 1MW, uses approx. 200kg of pure Nd/Pr Oxide).
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• smart phones, computers, x-rays, medical lasers, plastics, catalytic converters, fibre optics, rechargeable batteries, hybrid cars and military applications use REEs.
Astron’s Donald project presents a potential sizeable, new rare earth source
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in-situ reserves of 491kt.
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expected to produce 16kt tonnes of rare earth mixed concentrate (“REMC”) p.a. during first stage production
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REMC product expected to have attractive characteristics: over 90% rare earth phosphates and over 10% NdPr.
Astron’s production approach aligned with Australian Government critical mineral initiative.
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Various Applications of Rare Earth Elements
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Astron Corporation ASX:ATR
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Donald Project – extensive evaluation and de-risking
The Donald project has been extensively delineated with a total of 2,789 drill holes. The mining leases consists of 387 drill holes spaced from 125mE by 200mN to 250mE by 450mN. An Ore Reserve statement was issued on 18 February 2021 based on the 2016 Mineral Resource estimates.
Summary of Ore Reserves and Mineral Resource VHM
| Deposit (License Area) Tonnes (mt) |
Slimes Oversize HM Ilmenite (%) (%) (%) (%HM) |
Leucoxene Rutile Zircon Monazite (%HM) (%HM) (%HM) (%HM) |
|---|---|---|
| Summary of Ore Reserves (Proved and Probable) Donald Deposit (ML5532) 194 14.1 12.0 5.3 31.6 Donald Deposit (RL2002) 408 16.9 11.9 4.5 13.8 31 |
22.0 7.0 19.0 1.9 19.0 8.4 18.8 1.7 |
|
Total 602 16.0 11.9 4.8 31.7 |
20.1 7.9 18.8 1.7 |
|
| Summary of VHM Mineral Resources (Measured, Indicated & Inferred) Donald Deposit (ML5532) 317 14.2 12.2 5.3 32 Donald Deposit (RL2002) 1,286 16.0 8.6 4.8 33 Jackson Deposit (RL2003) 823 17.7 5.0 4.8 32 |
22 7 19 2 18 8 18 2 17 9 19 2 |
|
Total 2,427 16.3 7.9 4.8 32 |
18 8 19 2 |
Notes
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The ore tonnes have been rounded to the nearest 1 Mt and grades have been rounded to one decimal point in the Ore Reserves and nearest percentage in VHM Mineral Resources.
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VHM is reported as a percentage of HM.
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The Ore Reserve is based on indicated and Measured Mineral Resource contained within mine designs above an economic cut-off. The economic cut-off is defined as the value of the products less the cost of processing.
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A 95% Mining recovery, 5% dilution and 1% cut-off grade have been applied to the figures above.
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Total tonnes may not equal to the sum of the individual resources due to rounding
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Valuable Heavy Mineral (VHM) is calculated where information is available, cut-off grade is at 1%HM for Mineral Resources
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Astron Corporation ASX:ATR
Fine Minerals Processing
Astron’s extensive test-work confirms high (commercial) product recoveries
Extensive metallurgical test work, utilising a range of industry specialist consulting firms, as well as bench scale and pilot scale test work, has provided confidence for commercial recovery of fine minerals to both HMC and final product.
Astron’s unique hybrid process uses conventional, as well as adapting well-understood technologies to achieve attractive product assemblages at high (commercial) recoveries.
| Recoveries of in-size and in-SG Valuable Heavy Minerals (VHM) 1 | ZrO2 1 |
CeO2 1 |
TiO2 1 |
|---|---|---|---|
| Feed Preparation Plant Recoveries2 | 96.9% | 97.9% | 98.1% |
| Wet Concentrator Plant Recoveries to HMC2 | 93.8% | 94.3% | 88.5% |
| Mineral Separation Plant Recoveries to final products3 | 90.8% | 94.6% | - 3 |
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In-size and in-SG heavy minerals (VHM) refers to the -250+20μm, +4.05SG fraction, the recovery of ZrO2 is used as a tracker for zircon recovery, CeO2 is used as a tracker for Rare Earth recovery, and TiO2 is used as a tracker for titanium recovery
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For further information see Astron’s announcement on 15 May 2020, “Completion of wet concentrator piloting works” and on pg. 2 of Astron’s “Quarterly Activities Report” announced on 29 Jan 2021.
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For further information see Astron’s announcement on 14 May 2021, “Clarify Donald Mineral Separation Metallurgical Testwork”. Astron continues to investigate the final anticipated TiO2 recoveries to final product through its planned pilot scale test work.
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DMS Drilling Programme 2010
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Pilot Plant in operation - 2019
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Testpit - 2018
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Pilot Plant trommel - 2019
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Pilot Plant table - 2019
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HMC over spirals, rougher, mid, scavenger spirals respectively - 2019
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Astron Corporation ASX:ATR
Donald Mineral Sands Project
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Advanced stage of evaluation and regulatory approvals
| Approval Requirement | Completed | Date | Expiry |
|---|---|---|---|
| Environmental Effects Statement | ✓ | 2008 | N/A |
| Environmental protection & bio-diversity conversation approval | ✓ | Mar-09 | 2034 |
| Cultural Heritage Management Plan | ✓ | Jan-14 | Life of mine |
| Water Rights* | ✓ | Jan-12 | Jan-41 (with option to renew) |
| Radiation Licence | ✓ | Dec-14 | Dec-23* |
| Export Permit | ✓ | Dec-19 | Dec-22 |
| Work Plan | Pending | Pending | Life of mine |
Geology Mining, concentrating & processing Metallurgy Market
Extensively drilled, JORC compliant reserves
Conventional methods, low strip ratio, adoption of known technology
Extensive, evaluation, incl pilot test work. Product samples to customers Favourable demand dynamics, emerging systemic supply issues
- Water Rights include a 6.9GL water entitlement
Astron Corporation ASX:ATR
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Final Products and Attributes
Zircon whiteness testing has confirmed the high quality of Donald zircon – suitable for premium market applications, including ceramics Products samples are being made available to key customers for product testing and market acceptance and ultimately for commercial off-take agreements.
Premium Zircon Product CIE Whiteness Test Results
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Fine-grained,
Premium
ZrO2 > 66% Low impurities, high
Zircon
brightness/ whiteness
Chemical & other
Zircon 60 ZrO2 ~ 60% applications; value-add
opportunities
Suitable for feed to slag
Titania TiO2 ~ 60% plants for chlorinator
feedstock
Attractive
Rare Earth
NdPr > 10% RE Assemblage; high
Concetrate
value component
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Competitor 1
Competitor 2
Competitor 3
| Donald Project | Competitor 1 | Competitor 2 | Competitor 3 | |
| Product | L - Brightness | A – Red-Green Scale |
B Yellow-Blue Scale |
|
| Donald Premium Zircon | 94.84 | 0.12 | 3.86 | |
| Competitor Zircon 1 Competitor Zircon 2 Competitor Zircon 3 |
94.39 93.57 94.32 |
1.02 0.86 0.23 |
4.08 3.82 4.22 |
Note
*U/Th levels from product samples exportable to main markets (China). Acid leaching and other options available, if required for other markets.
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Results are measured on the CIE whiteness scale, L represents ‘brightness’, A represents ‘red-to-green’ scale, B represents ‘yellow-to-blue’ scale.
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The CIE system is used to characterise colour by a luminance parameter and two colour co-ordinates. 3. Results were produced using a calibrated ‘brightness tester’ and standard deviation error can be expected
Astron Corporation ASX:ATR
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Astron Retains Speciality Mineral Sands Technical Expertise and Market Connections
30+ years foundation and industry experience
Established in 1983, Astron has a wide-range of technical expertise and experience in the mineral sand and downstream activities.
Key features in Astron’s history include the first firm to introduce titanium slag into the China market for sulphate pigment production. Prior to its sale of the trading arm in China in 2009 to Imerys, S.A., Astron was the largest manufacturer of fused zirconia and zirconium carbonate globally.
Astron’s extensive downstream experience include developing I.P. of:
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Zirconium sponge technology – Astron succeeded in producing high purity grade zirconia containing hafnium less then 50ppm by TBP-HCL-HNO3 extraction method; and
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removal of U/Th/Fe/Ti from zircon, improving quality/appeal in premium applications – Astron has special patented technology in relation to the removal of U/Th/Fe/Ti impurities of zircon*
Astron Corporation continues to have:
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Deep knowledge of end use applications of mineral sands products
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Extensive engagement with zircon and titania customers in China, Europe, North America, other markets
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Continued access to mineral sands technology and IP through service agreement with Astron Titanium (assuming shareholder approval for demerger)
*Refer to Astron’s market announcement ASX Release dated 18[th] June 2012
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Services agreements will ensure Astron
retains access to key mineral sands IP
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Astron Corporation ASX:ATR
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Mineral Sands Mining – low environmental impact mining
Astron plans to minimise environmental impact while creating sustainable growth, using sustainable mining and rehabilitation techniques
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Astron intends to conduct mining operations on mixed used pastoral, mainly cleared land and will take steps to ensure minimal impact on native vegetation, flora and fauna through mine-planning.
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Australia has an extensive history of successful mineral sands rehabilitations, with over 50 years of experience across the country. Nature of mineral sands mining (relatively shallow, open pit), enables progressive rehabilitation back to original landform usage
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In mineral sands mining, the topsoil, subsoil and overburden are stockpiled and stored separately to ensure best rehabilitation outcomes. Rehabilitation of agricultural land can be monitored for crop yield characteristics, which has been shown to be superior after mining and rehabilitation.
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Astron has undertaken excavation of a test-pit which has since been rehabilitated back to its original landform. Astron will continue to monitor its progress through soil testing and crop yield data analysis, as well as best practice agronomy support.
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Astron takes its social license to operate seriously and has a commitment to high level of community and stakeholder engagements, with open and substantive communication at each stage of the project’s development.
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Astron Corporation ASX:ATR
Key Work Streams
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Metallurgical test work and evaluation, including pilot scale mineral processing trials
Project & organisational management resourcing – project planning and implementation and operational stages
Continued community/ stakeholder engagement; establishment of Community Reference Group
Progression of further regulatory approvals – including Work Plan
Product testing and sample provision to customers to facilitate commercial off-take arrangements
Engagement with rare earth processors for commercialisation of low volume/ high value rare earths component
Progression to definitive feasibility study, detailed engineering and funding stages
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Astron Corporation ASX:ATR
Contact Us
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Tiger Brown Managing Director
Tel: +61 3 5385 7088 Email: [email protected]
Joshua Theunissen Company Secretary - Australia
Tel: +61 3 5385 7088 Email: [email protected]
Astron Corporation ASX:ATR