Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit Where are the miners’ looking, who’s looking and who’s paying for assets 18 March 2010 by Don Pridmore, Intierra Resource Intelligence

1. Investment Conferences
RARE EARTHS, SPECIALITY
& MINOR METALS
INVESTMENT SUMMIT
2.55 – 3.20
Where are the miners’ looking, who’s looking
and who’s paying for assets
Don Pridmore – Managing Director, Intierra Resource Intelligence
THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010
www.ObjectiveCapitalConferences.com

2. REE and Vanadium
Companies
March 18, 2010
Objective Capital: Rare Earths … Summit
Don Pridmore, Mickey Thompson and Jeremy Thompson

3. Intierra’s Business

4. Rare Earth Elements
(REE)

5. REE Facts
 Used in high tech applications and energy
efficient technologies
 Production of hybrid/solar cars, solar
panels, wind turbines, compact florescent
lighting, high energy magnets, mobile
phones and computers

6. REE Elements
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!)

7. REE Facts
 Up until 1985, USA was dominant producer
 In 2009, 95% of production will come from
China
 China will start to limit exports opening up
requirement for new sources

8. REE Facts

9. 198 Companies with REE properties
Companies Properties
82 TSX-V 147
17 TSX 23
48 ASX 60
3 LSE 3
4 AIM 4
1 OFEX 1
2 JSE 2
39 other 40

10. Global REE Properties Status
Grass Roots 160
Exploration 60
Advanced Exploration 25
Pre-feasibility 6
Feasibility 0
Construction 1
Operating 18
Total 278

15. Capital raisings for REE projects
Company Raised US$ Title Type Activity Country Total
Rare Element Resources
Limited $3,000,000 Private Placement Private Placement Exploration USA
USA $3,000,000
Avalon Rare Metals Inc. $16,988,823 Bought deal financing Private Placement Development CAN
Fieldex Exploration Inc. $1,940,000 Private Placement Private Placement Exploration CAN
Quest Uranium Corporation $6,107,264 Private Placement Private Placement Exploration CAN
TNR Gold Corp. $2,910,000 Private Placement Private Placement Working Capital CAN
CAN $28,000,000
Arafura Resources Limited $9,037,549 Rights Issue Entitlement Issue Development AUS
Placement & Rights Issue
$15,750,000 to Advance Nolans Private Placement Development AUS
Equity Subscription for
Lynas Corporation Ltd $85,050,000 Lynas Rare Earth Project Private Placement CAPEX AUS
Equity Raising for Phase 1
$405,000,000 of Rare Earth Project Private Placement CAPE AUS
AUS $515,000,000
Total $546,000,000

16. Property transactions REE projects
Report date Property Country Seller Buyer Transaction type Resource
30-Jan-09 Agnew Lake Canada Nyah resources Inc. Cash Minerals Ltd Equity Thorium
Uranium Mine Uranium 4320t
Yttrium
13-Jan-09 Steenkampskraal South Africa Rare Earth Extraction Co. Great Western ZAR 1,000,000 Copper 944t
Rare Earth Mine Minerals Group Ltd Gold 1,897 oz
Rare earth 29,400t
Siver 22,763

17. Vanadium

18. 169 Companies with V2O5 properties
Companies
38 TSX-V
11 TSX
58 ASX
3 LSE
4 AIM
4 JSE
49 other

23. Property transactions V2O5 projects
Name Country Status Transaction Cash USD Transaction Buyer Transaction Seller Resource
Savage River Magnetite Mine Australia Operating Grange Resources Limited Jiangsu Shagang Group
(100.00% acquired) Co Ltd, Unknown
Company or Entity
Saint Urbain Titanium/Iron Ore Project Canada Adv. Exploration 97,549 Rock Tech Resources Inc Other Parties/Vendors
(100.00% acquired)
Titan Magnetite/Titanium Project Canada Adv. Exploration 487,326 Prophecy Resources Corp. Randsburg International 117,600
(80.00% acquired) Gold Corp.
Yangqueqing Magnetite/Titanium/Vanadium Mine China Operating 29,292,179 China Vanadium Titano- Huilixian Yangqueqing
Magnetite Mining Co., Ltd. Iron Mine
(100.00% acquired)
Amazon Bay Iron Sands Project Papua New Guinea Pre-feas/Scoping MIL Resources Limited Unknown Company or
(51.00% acquired) Entity
Ruoutevare Magnetite/Titanium Deposit Sweden Pre-feas/Scoping WAG Limited (50.00% Beowulf Mining plc 280,000
Paris Hills Vanadium Deposit United States Adv. Exploration 959,634 Stonegate Agricom Ltd Rocky Mountain 315,337
(100.00% acquired) Resources Corp.

24. Capital raisings for Vanadium projects
Company Raised US$ Title Type Activity Country Total
Crosshair Exploration & Mining Corp. $3,904,000 Brokered Private Placements Private Placement Exploration CAN
CAN $3,904,000
Largo Resources Ltd. $2,928,000 Private Placement Private Placement Other BRAZ
Largo Resources Ltd. $7,808,000 Private Placement - Maracas additional interest Private Placement Asset Acquisition BRAZ
BRAZ $10,736,000
Reed Resources Ltd $9,984,400 Placement and Share Purchase Plan Private Placement Exploration AUST
AUST $9,984,400
Total $24,624,400