development timelines, delay risks and value adding in rare earths - dec 2012 - sykes & trench -...
TRANSCRIPT
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Rare
earth
resource
announce
d
HofA with
Gansu
Rare
Earths for
downstrea
m plant
Purchase of
Mt Weld
completed
Bulk
sample
drilling
for pilot
plant
begins
Pilot
plant
starts
Pilot plant
work
completed
successfully
Purchase of
49% of
Channar Ltd
(40% owner of
Hamersley
Iron Ore)
Scoping
Study
completed
Feasibilit
y Study
complete
d New
niobium
resource
Legal
dispute
with AMR
Downstream
agreement
with Rhodia
Independe
nt review
completed
A$75M
equity
raising
Downstrea
m plant
moved to
Malaysia
Mining
approved
by WA govt
& mine
contract
awarded
Malaysian
capex
increased
A$300M
equity &
debt
funding
secured
A$94.5M
equity raising
GFC:
financing
problems
Project
suspended:
financing
problems
China Non-
Ferrous
deal
announced
More permit
approvals
China Non-
Ferrous deal
cancelled
Engineering
& supply
contracts
awarded
Malaysian
plant capex
increase
Rare earth
prices soar
– not
reflected in
share price
Resource
upgrade
Off-take
contracts
awarded
Rare earth
prices
retreat –
more than
share
prices
Off-take contracts
awarded
Permit
approval
s in
Malaysia
Resource
upgrade Plant
moved
within
Malaysia
•
•
•
•
•
•
•
•
•
•
•
•
•
•
••
•
•
•
GFC: Project suspended
•
•
•
•