NDPR: POWERING THE GREEN REVOLUTION - MAY 2021 RAINBOW RARE EARTHS
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RAINBOW RARE EARTHS NdPr: POWERING THE GREEN REVOLUTION May 2021
DISCLAIMER
These Presentation Materials are for information purposes only and must not be used or relied upon for the purpose of making any investment
decision or engaging in any investment activity and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to buy
or subscribe for, any securities of Rainbow Rare Earths Limited (the “Company”). Whilst the information contained herein has been prepared in good
faith, neither the Company, its subsidiaries (together, the “Group”) nor any of the Group’s directors, officers, employees, agents or advisers makes any
representation or warranty in respect of the fairness, accuracy or completeness of the information or opinions contained in this presentation and no
responsibility or liability will be accepted in connection with the same. The information contained herein is provided as at the date of this presentation
and is subject to updating, completion, revision, verification and further amendment without notice.
These Presentation Materials contain forward-looking statements in relation to the Group. By its very nature, such forward-looking information
Disclaimer
requires the Company to make assumptions that may not materialise or that may not be accurate. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance
or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Nothing in this presentation should be construed as a profit forecast. Past share performance cannot be relied
on as a guide to future performance.
2 Rainbow Rare Earths Limited Corporate Presentation – May 2021
MARKET OVERVIEW
RARE EARTHS:
THE CRITICAL
BUILDING BLOCKS
Market Overview
IN THE GREEN
REVOLUTION
3 Rainbow Rare Earths Limited Corporate Presentation – May 2021
NdPr CONSTITUTE 90%+
OF RARE EARTHS VALUE
NEODYMIUM AND PRASEODYMIUM (NdPr) ARE CRITICAL ELEMENTS IN PERMANENT MAGNETS USED FOR MOTORS AND TURBINES
Permanent magnet production accounted for 91% of the total value of TREO consumption in 2019
Market Overview
Source: Adamus Intelligence
4 Rainbow Rare Earths Limited Corporate Presentation – May 2021
GLOBAL TRENDS ACCELERATE
NdPr DEMAND…
KEY GLOBAL MEGATRENDS ARE DRIVING STRONG AND DIVERSIFIED
DEMAND FOR NdPr
ANTICIPATED GLOBAL REO MAGNET DEMAND GROWTH
160,000 • AUTOMATION: Accelerating technological progress
141Kt by 2030
140,000 • LOW CARBON TRANSITION: environmental protection and climate
change
Market Overview
120,000
• SUSTAINABLE RESOURCE SECURITY: Increasing scarcity of and global
100,000 competition for resources
80,000 • SUPPLY CHAIN SECURITY: Against backdrop of heightened national
61Kt protectionism
60,000
NdPr DEMAND ACCELERATED BY EVOLVING GLOBAL EMISSIONS
40,000 LEGISLATION
20,000 • Wind power will be a key contributor to meeting Paris Climate Goals
- • UK to ban new petrol and diesel car sales by 2030 and increase offshore
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 wind capacity to a level sufficient to power every home by this date
Electric Vehicles / mobility Wind Power • Germany targets offshore wind power expansion targets of 20GW by
Industrial Consumer 2030 and 40GW by 2040
Other
• France aims to produce 1m EVs annually by 2025
Source: Adamus Intelligence
5 Rainbow Rare Earths Limited Corporate Presentation – May 2021
…POWERED BY
THE GREEN REVOLUTION
PROJECTED ANNUAL GLOBAL EV SALES
NO EXISTING ACCEPTABLE SUBSTITUTES FOR NdPr IN PERMANENT
MAGNETS FOR EVS AND WIND TURBINES
WHILST BATTERY CHEMISTRY IS STILL EVOLVING, THE MOTOR
TECHNOLOGY REQUIRED ACROSS ALL EVS DRIVES NDPR DEMAND
REGARDLESS OF BATTERY CHEMISTRY
Market Overview
• Growth in EV production forecast to lead to increase in demand for NdPr
of 25-90% by 2030
• Each new EV requires between 1-3kg of NdPr
• Average annual NdPr demand from EVs forecast to increase by ~4,200 –
9,600tpa from 2020-20251
RANGES FOR CUMULATIVE NdPr DEMAND FOR GLOBAL
• Value of global magnet REO consumption to increase from US$2.98bn to WIND TURBINE PRODUCTION THROUGH 2050
US$15.65bn by 20302
PERMANENT MAGNET ELECTRICITY GENERATORS FOR WIND
TURBINES
• Wind turbines consume ~600-830kg of REO per Megawatt3
• Estimated wind-capacity growth of 5.7% year-on-year to 20504
• Growing to +1.9TW of total wind capacity by 20505
Sources: 1. SP Angel 2. Adamus Intelligence 3. Curtin University 4. Bloomberg NEF New
6 Rainbow Rare Earths Limited Corporate Presentation – May 2021 Energy Outlook 2020 5. NDRC-ERI “Aggressive Scenario. Graph 1: Bloomberg New Energy
Finance, Katusa research, US Global Investors Graph 2: World Bank
SIGNIFICANT PROJECTED NdPr
SUPPLY CONSTRAINTS
SECURING AN ETHICAL AND SUSTAINABLE SUPPLY CHAIN FOR
STRATEGIC MATERIALS
NdPr OXIDE – FORECAST SUPPLY – DEMAND BALANCE
• China currently dominates global RE production (~80%) 160,000
• The EU’s Action Plan on Critical Raw Materials aims to strengthen 140,000
domestic sourcing of raw materials in the EU and diversifying supply
Market Overview
from both primary and secondary sources 120,000
• US has announced contracts with REE producers to strengthen its 100,000
domestic supply chain
80,000
SUPPLY DEFICIT LIKELY DUE TO CHALLENGES TO BRINGING NEW
RARE EARTH MINES INTO PRODUCTION INCLUDE: 60,000
• Many projects are low grade 40,000
• Estimated high levels of capital for complex processing, ranging from 20,000
US$200-500m for major listed rare earths projects
-
• Current rare earth prices unlikely to support significant development 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
(20,000)
RAINBOW’S GAKARA AND PHALABORWA PROJECTS DEMONSTRATE
COMPARATIVELY LOW CAPITAL INTENSITY VERSUS OTHER MAJOR (40,000)
RARE EARTHS PROJECTS Production Demand Balance
Source: Adamus Intelligence
7 Rainbow Rare Earths Limited Corporate Presentation – May 2021
RAINBOW PROJECTS:
SUPPORTED EVEN AT CURRENT NdPr PRICES
NDPR PRICES ARE FORECAST TO INCREASE SIGNIFICANTLY BY 2030…
...but the economic viability of Rainbow’s Gakara and Phalaborwa projects is supported even at current prices
NdPr PRICE FORECASTS
120
Market Overview
110
100
90
80
70
60
50
40
30
2015a 2016a 2017a 2018a 2019a 2020f 2021f 2022f 2023f 2024f 2025f 2026f 2027f 2028f 2029f 2030f
Nd Oxide - US$/kg Pr Oxide - US$/kg
Source: Adamus Intelligence
8 Rainbow Rare Earths Limited Corporate Presentation – May 2021
PROJECT OVERVIEW
Project Overview: Phalaborwa Project
PHALABORWA PROJECT
9 Rainbow Rare Earths Limited Corporate Presentation – May 2021
SIGNIFICANT NDPR PRODUCTION TO POWER THE GREEN REVOLUTION
PHALABORWA – EXCITING, NEAR-TERM GROWTH OPPORTUNITY
C.35MT OF GYPSUM IN TWO STACKS FROM 50+ YEARS PHOSPHATE
Project Overview: Phalaborwa Project
HARD ROCK MINING IN SOUTH AFRICA
• Project is largely permitted and positioned in an established mining
town, with
• associated skilled labour availability
• supporting industry (i.e. local production of sulphuric acid, an
expected key reagent in the processing circuit)
• Rainbow’s reported assay results from initial auger drilling programme
averaged 0.45% TREO of which 28.9% represents high value NdPr with
significant additional value from Terbium and Dysprosium
• 6 – 10 times higher grade than a typical ionic clay style rare earth
deposit
• Phalaborwa has low levels of radioactive elements: typical rare earth
development projects require complex processing to remove higher
levels of radioactive elements
• Processing of Phalaborwa gypsum stacks will deliver a Green Rare Earth
Project: removing existing environmental liability and redepositing clean,
benign gypsum on a new stack
10 Rainbow Rare Earths Limited Corporate Presentation – May 2021PHALABORWA
SIMPLE PROCESSING AND HIGH VALUE CARBONATE PRODUCT EXPECTED TO
DRIVE STRONG PROJECT ECONOMICS
• Historical processing, including initial Typical Rare
Project Overview: Phalaborwa Project
flotation and concentration by Foskor Typical Unit Processes Phalaborwa
followed by processing in Sasol’s Earth Project
PhosAcid plant, has deposited REEs in
chemical form in gypsum stacks
Hard rock mining and hauling X
Hydraulic transport to plant X
• Rare Earth elements contained in a
‘cracked’ chemical form in the gypsum ROM Stockpile X
which will deliver a higher-value mixed Crushing and milling - energy X
rare earth carbonate with significantly
lower operating costs than a typical Multi stage flotation - energy and reagents X
rare earth project
Concentrate filtration X
• No need for hard rock mining, crushing Gangue acid leaching (some projects) - reagents X
and milling, which comprise a
significant element of capex and opex Cracking - energy and reagents X
for standard hard rock mining projects
Rare earth dissolution - leaching X X
• No need for 1st stage of usual complex Thorium and uranium removal X
processing requirements, which
involves producing a rare earth mineral Impurity removal and intermediate products X X
concentrate before high-cost chemical
process to ‘crack’ the concentrate to
deliver a higher value rare earth
carbonate or oxide
11 Rainbow Rare Earths Limited Corporate Presentation – May 2021ASSAY RESULTS CONFIRM HIGH VALUE PROJECT
MUCH HIGHER GRADE THAN TYPICAL IONIC CLAY RARE EARTH PROJECTS
Project Style Owner TREO4 NdPr5 Uranium6 Thorium7
Project Overview: Phalaborwa Project
% ppm ppm ppm
Phalaborwa1 Tailings Rainbow Rare Earths 0.454% 1,314 2 54
Round Top2 Ionic Clay US Rare Earths/TMRC 0.063% 39 45 179
La Paz2 Ionic Clay American rare Earths 0.04% 80 1 7
Makuutu2 Ionic Clay Ionic Rare Earths 0.08% 232 10 30
Mount Weld2 Hard rock Lynas Rare Earths 7.90% 18,833 30 750
Bear Lodge2 Hard rock Rare Element Resources 3.08% 7,059 113 472
Longonjo2 Hard rock Pensana plc 1.43% 3,170 29 967
Nolan’s Bore2 Hard rock Arafura Resources 2.60% 6,859 191 2,700 Phalaborwa In-situ Metal Value: US$/t Gypsum1
Norra Karr2 Hard rock Leading Edge Materials 0.55% 758 15 8
Total Value:
Lofdal2 Hard rock Namibia Critical Metals 0.32% 181 18 350
US$149.68/t of gypsum1
Gakara3 Hard rock Rainbow Rare Earths 13.50% 26,706 97 151
• Phalaborwa high value NdPr grade is substantially higher than a typical low-cost ionic clay rare earth projects – closer to grade of traditional hard rock
style deposits which typically have a much higher cost base for mining, crushing/grinding and metallurgical recovery
• In addition, Phalaborwa has substantial high value Dy and Tb credits
• Phalaborwa has substantially lower levels of radioactive elements than most publicly disclosed rare earth projects
1. Based on the average assay results announced to date, with reference to rare earth prices published by Argus Media on 14 May 2021 – average assay results do not constitute a formal 4. TREO includes Y2O3
mineral resource 5. Nd2O3 and Pr6O11
2. Based on public disclosure from owner 6. U 3O 8
3. Based on average grade of material mined and processed at Gakara from 1 September 2020 to 31 March 2021 7. ThO2
12 Rainbow Rare Earths Limited Corporate Presentation – May 2021PHALABORWA
AN IDEAL LOCTION FOR A NEW OPERATION
• Brown field site near established Site boundary
Project Overview: Phalaborwa Project
mining town
• Agreed location for new
deposition of clean treated
gypsum in a ‘Green’ stack
• Space for new processing Existing plant area
infrastructure within existing
project footprint
• Local availability of key reagents
and equipment
• Local availability of skilled labour Gypsum stack A
• Strong rail transport links for
import of any specialist reagents
and export of final product to
market
• Local airport within 5 minutes Gypsum stack B
drive of project site
Phalaborwa Project layout
13 Rainbow Rare Earths Limited Corporate Presentation – May 2021PHALABORWA
EXCELLENT LOCAL INFRASTRUCTURE
SASOL’S PILOT PLANT REMAINS ON SITE WITH [INSERT PICS FROM DAVE]
Project Overview: Phalaborwa Project
ASSOCIATED INFRASTRUCTURE OF
PHOSPHORIC ACID PLANT, INCLUDING:
• High voltage switchyard (providing access to
Eskom grid power)
• Equipped machine shops
• Workshops
• Laboratory buildings
• Administration offices Stores High voltage switchyard
• Acid storage and ammonia tanks
• Boilers and rail sidings
Laboratory building Sasol pilot plant
14 Rainbow Rare Earths Limited Corporate Presentation – May 2021PHALABORWA
EARN-IN AGREEMENT
• Earn-in agreement signed with Bosveld Phosphates
Project Overview: Phalaborwa Project
• US$750k consideration for earn-in payable in three tranches in cash and
shares over a period of 12 months
• US$250k paid in cash in December 2020 on completion of initial
confirmatory due diligence process,
• Second US$250k tranche payable after 6 months in Rainbow shares at
the then prevailing share price
• Final tranche payable after 12 months in cash or shares (at the then
prevailing share price) at election of Bosveld
• Rainbow to fund pre-feasibility study to earn an initial 70% in the
unincorporated JV – mechanism to allow Rainbow’s JV ownership to
vary from 60% to 85% depending on IRR of PFS at spot rare earth prices
versus initial 25% benchmark
Image: Sasol’s RE carbonate pilot plant
15 Rainbow Rare Earths Limited Corporate Presentation – May 2021PROJECT OVERVIEW
GAKARA PROJECT
Project Overview: Gakara Project
16 Rainbow Rare Earths Limited Corporate Presentation – May 2021PRODUCING HIGH-GRADE RARE EARTH CONCENTRATE
FROM THE ONLY AFRICAN RARE EARTHS MINE IN PRODUCTION
PRODUCING HIGH-GRADE RARE EARTH CONCENTRATE FROM THE
ONLY AFRICAN RARE EARTHS MINE IN PRODUCTION
Project Overview: Gakara Project
• Located just south of Bujumbura, Burundi (East Africa)
• Large mining permit – 39km2 with over 1,500 occurrences of Rare Earth
(RE) discovered in outcrop on surface demonstrating large scale
mineralised system
• Trial mining and processing since 2017 has demonstrated amenability
for simple, low-cost gravity separation from ore sourced from across the
licence area
• Produces a high value rare earth concentrate of 52-56%
• High value rare earth mineral concentrate with low levels of radioactivity
currently exported to China for further processing
• Weighted towards magnet Rare Earths: NdPr represent ~88% of value 1
(19.5% of mass)
1. Based on typical concentrate exported with reference to rare earth prices published by Argus Media on 14 May 2021
17 Rainbow Rare Earths Limited Corporate Presentation – May 2021GAKARA DEPOSIT
A MIX OF BRECCIA AND HIGH-GRADE VEINS
Project Overview: Gakara Project
Source: PhD thesis, University of Rennes, December 2019
18 Rainbow Rare Earths Limited Corporate Presentation – May 2021JORC EXPLORATION TARGET FROM ACROSS THE LICENCE
Gasagwe – Trial mined by Rainbow between 2017–2019 Murambi South – Currently being trial mined by Rainbow.
producing 1,200t high grade concentrate. Production data and vein mapping data delivered updated
Production data and vein mapping data delivered updated target tonnage: 27kt-39kt @ 7-12% TREO
Project Overview: Gakara Project
target tonnage: 27kt-39kt @ 7-12%TREO
Gasenyi – Historic Belgian mine which produced c.500t of
high-grade concentrate.
Mapped veins, trenching of large veins and historical
Kiyenzi – Breccia style mineralization records delivered updated target tonnage:
Drilling data re-evaluated alongside trenching, vein 47kt-67kt @7-12% TREO
mapping and channel sampling delivered updated target
tonnage: 252kt-342kt @ 1-1.5% TREO
Rusutama – Historic Belgian mine which produced c. 500t
of high-grade concentrate.
Mapped veins and historical records delivered updated
target tonnage: 23kt-33kt @7-12% TREO
Gashirwe West & East – Breccia and vein style
mineralization in high priority TECT target corridor.
Trenching & mapping of large veins and channel sampling Bigugo – Historic Belgian mine with three large veins mined
data delivered updated target tonnage: briefly before Belgian operations ceased entirely.
45kt-64kt @ 7-12%TREO Mapped veins and historical records delivered updated
target tonnage: 8kt-11kt @7-12% TREO
Gomvyi Central – Breccia and vein style mineralization in
Gakara – Largest historic Belgian mine which produced
high priority TECT target corridor.
c.3,500t of high-grade concentrate between 1947 – 1978.
Trenching & mapping of large veins and channel sampling
Mapped veins and historical delivered updated target
data delivered updated target tonnage:
tonnage: 61kt-87kt @7-12% TREO
15kt-22kt @ 7-12%TREO
19 Rainbow Rare Earths Limited Corporate Presentation – May 2021GAKARA EXPLORATION TARGET
JORC (2012)
EXPLORATION TARGET ANNOUNCED OCTOBER 2020 DEFINED CLEAR STRATEGY FOR MODULAR DEVELOPMENT
Targeting 10,000-20,000tpa RE concentrate production
Lower estimate Upper estimate
Project Overview: Gakara Project
Tonnes TREO % Tonnes TREO %
Vein Hosted Mineralisation
Murambi South 36,000 7.0% 52,000 12.0%
Gasagwe 27,000 7.0% 39,000 12.0%
Rusutama 23,000 7.0% 33,000 12.0%
Gakara 61,000 7.0% 87,000 12.0%
Gomvyi Central 15,000 7.0% 22,000 12.0%
Gashirwe West and East 45,000 7.0% 64,000 12.0%
Bigugo 8,000 7.0% 11,000 12.0%
Gasenyi 47,000 7.0% 67,000 12.0%
Total Vein Hosted Exploration Target 262,000 7.0% 375,0000 12.0%
Breccia Hosted Mineralisation
Kiyenzi grade tonnage model 98,000 1.0% 132,000 1.5%
Kiyenzi depth extension 60,000 1.0% 82,000 1.5%
Kiyenzi lateral extension 94,000 1.0% 128,000 1.5%
Total Breccia Hosted Exploration Target 252,000 1.0% 342,000 1.5%
Note: The potential quantity and grade of the Exploration Target is conceptual in nature, there being insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration
will result in the estimation of a Mineral Resource. Numbers are rounded to appropriate levels commensurate with the level of accuracy of an Exploration Target. The Exploration Target was estimated
as a range as required by the JORC Code (2012) and is based on data of varying quantity and quality, although is based largely on actual exploration, mining and processing results
20 Rainbow Rare Earths Limited Corporate Presentation – May 2021PROGRESSING MINING AT GAKARA
TO MECHANICAL METHODS
TRIAL MINING HAS PROGRESSED FROM SMALL-SCALE MANUAL …TO BULK MECHANICAL WASTE MINING AND SELECTIVE MECHANICAL
FOCUSSED OPERATION… MINING METHOD
Project Overview: Gakara Project
• A second new mining fleet is now in operation on site
PRE-2020 CURRENT OPERATIONS
21 Rainbow Rare Earths Limited Corporate Presentation – May 2021ROAD MAP
DELIVERING ON THE LONG TERM GAKARA POTENTIAL
CURRENT STATUS STAGE 2: NEAR TERM PROFITABLE GROWTH STAGE 3: REALISING FULL POTENTIAL
• Trial mining proof of concept at Gakara Project • Expand trial mining into new areas to confirm • Grow JORC resource base: large mineralised
Project Overview: Gakara Project
in Burundi detailed knowledge of resources and system expected to support up to 10ktpa -
mineralogy 20ktpa concentrate
• Open pit mining from high-grade stockwork
vein system • Small investment to increase mining fleet, • Complete full technical study on modular
estimated at ~US$0.5 million commercial production facility
• Gravity separation using existing pilot plant
infrastructure with no reagents required – low • Concentrate production expected to grow to • Expand production to larger commercial scale
levels of radioactive elements in ore body ~200tpm fully utilising existing pilot plant
create no complex processing requirements infrastructure • Establish downstream beneficiation to
produce a cerium depleted mixed RE
• Producing +/- 54% TREO concentrate of which • Enhanced production profile will generate in carbonate
c. 19.5% is high value NdPr country cash surplus for further exploration
and expansion activities, with no growth in • Further downstream processing to separated
• Planned break-even from trial mining fixed cost base required Nd and Pr oxides to supply permanent magnet
delivering 100+ tpm concentrate expected manufacturers
from Q2 2021
22 Rainbow Rare Earths Limited H1 2021 Interim Results Presentation – March 2021SUMMARY
RAINBOW:
A STRATEGIC
SOURCE OF
RARE EARTH
Summary
MINERALS
FOR A GROWING
MARKET
23 Rainbow Rare Earths Limited Corporate Presentation – May 2021RAINBOW
A STRATEGIC SOURCE OF RARE EARTH MINERALS FOR A GROWING MARKET
Rainbow Rare Earths is uniquely positioned to benefit from
the expected growth in the demand for Rare Earths to
power the Green Revolution
• Rainbow has both project and country risk diversification from two
potentially world-class, scalable projects in Burundi and South Africa
• Huge growth in demand expected for NdPr to power the green
Summary
revolution
• Growing supply/demand imbalance
• Mounting pressure from Governments and investors to secure
independent rare earth mineral supply
• Both Rainbow’s projects enjoy simple mining and processing with low
levels of radioactivity for expected low capital intensity development
opportunity
24 Rainbow Rare Earths Limited Corporate Presentation – May 2021OUR EXECUTIVE MANAGEMENT
GEORGE BENNETT DAVE DODD
CEO TECHNICAL DIRECTOR
• 25 years in finance and management, including as partner in stockbroking/advisory • 45 years of extractive metallurgy experience
firms in SA • Dave Dodd – Metallurgical Project Consultant
• Former CEO of Shanta Gold Ltd, successfully listed on LSE in 2005 • BSc (Hons) Chemical Engineering (1974)
• CEO and Founder of MDM Engineering, listed on LSE in 2008; responsible for building • Fellow of Southern Africa Institute of Mining & Metallurgy
22 process plants and completing over 80 feasibility studies – sold after 8 years to
Foster Wheeler for US$120 million
• Seed-funded and raised initial capital for OreCorp Ltd, now ASX listed
Summary
PETER GARDNER CHRISTOPHER ATWOOD
CHIEF FINANCIAL OFFICER PROJECT MANAGER - BURUNDI
• Qualified Chartered Accountant • 25 years’ experience in mining and extractive industries.
• 15 years’ experience in mining industry leading finance teams across Africa and • Track record of driving expansion and minimising costs
developing nations • Associated with startup ventures in remote locations.
• Former CFO of Amara Mining plc (up to acquisition by Perseus Mining Ltd), Chaarat • Led Operations up to 35MTPA successfully
Gold, Piran Resources and Alexander Mining
25 Rainbow Rare Earths Limited Corporate Presentation – May 2021OUR BOARD – NON-EXECUTIVE DIRECTORS
ADONIS POUROULIS J PETER PHAM
NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR
• Mining engineer: an entrepreneur whose expertise lies in the discovery, exploration • Scholar and practitioner of International Affairs with more than 20 years of
and development of natural resources across Africa including diamonds, experience in Africa
precious/base metals, coal and oil and gas. • Served until January 2021 as first-ever United States Special Envoy for the Sahel
• Founder of Rainbow and Petra Diamonds (LSE:PDL); Founder and Director of Chariot Region with the personal rank of Ambassador and previously as US Special Envoy for
Oil & Gas (AIM:CHAR) and Founder of Pella Resources Limited the Great Lakes Region of Africa
• Distinguished Fellow at the Atlantic Council, a preeminent American foreign policy
think tank, where he was Vice President for Research and Regional Initiatives and
Director of the Council’s Africa Center before his service in government
• Vice Chairman of the Board of the Smithsonian National Museum of African Art in
Washington, DC, as well as a Non-Executive Director of Africell Global Holdings
Summary
SHAWN MCCORMICK ROBERT SINCLAIR
NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR
• International affairs specialist • Chartered Accountant with over 38 years’ experience in finance & accountancy
• Over 25 years of political and extractive industries sector experience having served • Founder and former MD of Artemis Trustees Limited
in The White House as Director for African Affairs on the National Security Council • Fellow of the Institute of Chartered Accountants in England and Wales
(Washington)
• Previously Political Affairs Director of BP (London) and VP of TNK-BP (Moscow)
ALEXANDER LOWRIE ATUL BALI
NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR
• Investment banker with 13 years’ experience and previous director roles at Deutsche • Corporate CEO with extensive experience in tech, government contracting and
Bank and RBS regulated industries
• Co-founder of Telemark Capital LLP • Currently Non-Executive Director of Gaming Realms Plc and Chairman of Meridian
• Significant market experience: IPOs and primary and secondary equity offerings Gaming
• Previously held divisional CEO or President positions with IGT (NYSE), Aristocrat
(ASX), and Real Networks (NASDAQ), as well as a venture capital firm
26 Rainbow Rare Earths Limited Corporate Presentation – May 2021KEY SHAREHOLDER INFORMATION
BOARD SHAREHOLDINGS
Shareholder Holding Ticker Market Market cap Share price Shares in Brokers
issue
Adonis Pouroulis* 16.1% RBW.L LSE £72m 15.25p 475m SP ANGEL
George Bennett* 7.3%
SHARE PRICE
Summary
Shawn McCormick* 2.0%
Alexander Lowrie 1.3%
Robert Sinclair 1.1%
Atul Bali 0.8%
Total 28.9%
* Held through a discretionary trust
27 Rainbow Rare Earths Limited Corporate Presentation – May 2021RAINBOW RARE EARTHS THANK YOU Contact us: GEORGE BENNETT PETE GARDNER CEO CFO SA Mobile: +27 82 652 UK Mobile: +44 771 779 4251 Office Number: + 27 11 996 3500 Skype: petegardner73 Skype: George.bennett72 Email: peteg@rainbowrareearths.com Email: georgeb@Rainbowrareearths.com
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