This document summarizes Jess Pridmore's presentation on rare earth and strategic metal projects globally. It provides an overview of project locations and resource amounts by country. It also reviews capital raisings over 2010-2011 for rare earth and lithium projects, totaling over $1 billion. Major funds raised and initial public offerings pursuing rare earth and lithium opportunities are also summarized.

1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Where are the strategic metals projects?
Jess Pridmore – Business Dev’t Director, Intierra
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011
www.ObjectiveCapitalConferences.com

2. Rare Earths & Metals:
A Global Overview of Activity and
Investment
Intierra
Jess Pridmore
Confidential to Intierra Pty Ltd
Confidential to Intierra Pty Ltd

3. Intierra Business Model
Confidential to Intierra Pty Ltd

4. Introduction
• Where are the resources?
- Project stage & resource location
• Capital raisings for REE + RM
- What are the funds being used for?
• Property Transactions (pre-asset stage)
Confidential to Intierra Pty Ltd

5. •Resource figures in this presentation are
based on Measured + Indicated + Inferred
resources
• All figures are in US dollars
• Rare Earths Elements or REE refers to the
15 lanthanides plus yttrium and scandium
• Included in this presentation are some
figures relating to Rare Metals, including
Lithium, Tantalum and Niobium.
Confidential to Intierra Pty Ltd

6. Rare Earths..
• 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!)
Confidential to Intierra Pty Ltd

7. REE Activity – Asia / Europe
February 2011
image
Confidential to Intierra Pty Ltd

8. REE Activity – North America
February 2011
image
Confidential to Intierra Pty Ltd

9. REE Activity – Australia
February 2011
image
Confidential to Intierra Pty Ltd

10. REE Activity – South America & Africa
February 2011
image
Confidential to Intierra Pty Ltd

11. Total Resources per Country
January 2010 - February 2011
Totals in order of grade weighting
Country TREO (t) Grade
China 36,000,000 2.4%
Australia 3,250,000 4.64%
USA 1,700,000 6.1%
Mongolia 5,750,000 1.6%
Greenland 5,000,000 1.1%
Canada 4,250,000 1.3%
South Africa 1,000,000 2.5%
Brazil 1,800,000 0.7%
Malawi 107,000 4.3%
Argentina 117,600 2.1%
Kazakhstan 304,150 0.8%
Sweden 350,000 0.56%
Kenya 299,000 0.61%
Saudi Arabia 489,000 0.13%
Kyrgyzstan 48,900 0.22%
Finland 5,200 1.13%
Confidential to Intierra Pty Ltd

12. Capital Raisings - REE
January 2010 - February 2011
Totals per Country
Country Raised Country Raised
USA $606,300,000 Tanzania $9,300,000
Australia $148,600,000 Malawi $7,700,000
Canada $125,300,000 Kenya $5,400,000
South Africa $100,500,000 Finland $3,800,000
Malaysia $30,000,000 Sweden $3,800,000
Greenland $21,000,000 Kyrgyzstan $2,000,000
TOTAL $1,062,000,000
Confidential to Intierra Pty Ltd

13. Capital Raisings - REE
January 2010 - February 2011
Confidential to Intierra Pty Ltd

14. Capital Raisings - Lithium & Tantalum Group
January 2010 - February 2011
Totals per Country
Country US$ Raised Country US$ Raised
Australia $315,500,000 Austria $6,800,000
Canada $157,500,000 Egypt $3,200,000
Argentina $114,500,000 Bolivia $2,000,000
China $91,500,000 USA $2,000,000
Chile $43,000,000 Bosnia $1,000,000
Malawi $41,000,000 Serbia $1,000,000
Mozambique $34,000,000
TOTAL $813,000,000
Confidential to Intierra Pty Ltd

15. Capital Raisings - Lithium & Tantalum Group
January 2010 - February 2011
Confidential to Intierra Pty Ltd

16. Major Funds Raised – REE & Lithium/Tantalum
January 2010 - February 2011
Totals per Company
Company Raised
Molycorp, Inc REE $505,000,000
Galaxy Resources Limited Li $250,500,000
Canada Lithium Corp. Li $136,000,000
Arafura Resources Limited REE $111,500,000
Talison Lithium Limited Li $81,000,000
Rare Element Resources Limited REE $68,500,000
Frontier Rare Earths Limited REE $61,500,000
Quest Rare Minerals Ltd REE $53,000,000
Lithium Americas Corp. Li $49,500,000
Reed Resources Ltd Li $47,500,000
Confidential to Intierra Pty Ltd

17. Capital Raisings – REE & Lithium/Tantalum
January 2010 - February 2011
USD Raised by Purpose/Country
Asset
Acquisition USD$ CAPEX USD$ Development USD$ Exploration USD$
Australia $25,000,000 USA $505,000,000 Canada $255,000,000 Chile $43,000,000
Austria $6,800,000 Australia $240,000,000 Australia $122,600,000 Canada $25,000,000
Argentina $5,000,000 China $91,500,000 South Africa $100,500,000 USA $23,000,000
Canada $3,000,000 Argentina $37,500,000 USA $80,500,000 Argentina $22,200,000
Mozambique $34,000,000 Argentina $49,500,000 Australia $21,500,000
Malaysia $30,000,000 Malawi $41,000,000 Tanzania $9,300,000
Greenland $21,000,000 Malawi $7,700,000
Egypt $3,200,000 Kenya $5,400,000
Finland $3,800,000
Sweden $3,800,000
Bolivia $2,000,000
Kyrgyzstan $2,000,000
Bosnia $1,000,000
Serbia $1,000,000
TOTAL $39.8M TOTAL $938M TOTAL $673.3M TOTAL $168.7M
Confidential to Intierra Pty Ltd

18. Capital Raisings – REE & Lithium/Tantalum
January 2010 - February 2011
2010-2011 Initial Public Offerings (IPO's)
Company Raised Type Activity
Molycorp, Inc $505,000,000 IPO Modernisation of USA REE Mine
Advanced work on South African REE
Frontier Rare Earths Limited $61,500,000 IPO Deposit
Advanced work on Argentina Lithium
Lithium Americas Corp. $50,000,000 IPO Deposit
Montero Mining and Exploration Ltd. $4,000,000 IPO Exploration of Tanzania REE Properties
Geomega Resources Inc. $3,000,000 IPO Exploration of Canadian REE Properties
Proposed
China Minmetals Rare Earth Co Ltd * Float Developing REE Deposits in China
Proposed
Kimberley Rare Earths Limited $15,000,000* Float Spin off of West Australian REE Project
* Yet to be completed
Confidential to Intierra Pty Ltd

19. Transactions
January 2010 - February 2011
Confidential to Intierra Pty Ltd

20. Non resource property transactions
January 2010 - February 2011
image
Confidential to Intierra Pty Ltd

21. Conclusions
• REE activity around the world
• Resource significant countries: China,
Australia & USA
• Capital Raisings –
where, how much & what for?
• Pre- Asset Property Transactions
Confidential to Intierra Pty Ltd

22. Average Investment per Hectare
January 2010 - February 2011
Grass Roots (Pre Drilling) Exploration (Drill targets defined/drilled)
Country Investment Hectares USD/Ha Country Investment Hectares USD/Ha
USA $1,040,000 200 $5,200 USA $233,500 24 $9,729
Zambia $1,350,000 150 $9,000
Peru $3,000,000 2,425 $1,237
Mozambique $1,000,000 510 $1,961
Australia $10,000,000 26,900 $372
Greenland $4,800,000 4,284 $1,120
Sweden $140,000 824 $170
Canada $40,713,000 89,641 $454
Canada $41,871,800 315,929 $133 Australia $825,000 10,700 $77
Argentina $15,000 3,928 $4 Angola $543,000 252,000 $2
Confidential to Intierra Pty Ltd