A unique Dy & Tb Opportunity
undefined
A
unique
Dy
&
Tb
Opportunity
December
2023
This
presentation
of
Aclara
Resources
Inc.
(the
“Company”
or
“Aclara”
has
been
prepared
solely
for
informational
purposes.
You
should
not
definitively
rely
upon
it
or
use
it
to
form
the
definitive
basis
for
any
decision,
contract,
commitment
or
action
whatsoever,
with
respect
to
any
proposed
transaction,
investment
or
otherwise.
F
o
r
w
a
rd
L
oo
k
i
n
g
I
n
f
o
r
m
a
t
i
o
n
This
presentation
contains
“forward
looking
information”
or
“forward
looking
statements”
within
the
meaning
of
applicable
securities
legislation.
Forward
looking
information
may
relate
to
the
Company’s
future
financial
outlook
and
anticipated
events
or
results
and
may
include
information
regarding
our
business,
financial
position,
business
strategy,
growth
plans,
strategies
and
objectives,
budgets
and
operations.
Particularly,
information
regarding
our
expectations
of
future
results,
performance,
achievements,
prospects
or
opportunities
or
the
markets
in
which
the
Company
operates,
and
statements
regarding
ongoing
development
and
exploration
work
at
the
Penco
Module
and
statements
relating
to
preliminary
economic
assessment
studies,
including
resource
estimates,
rare
earth
element
composition,
grade
and
quality,
mine
life
estimates,
estimates
of
capital
and
operating
costs
are
forward
looking
information.
Such
statements
involve
known and unknown
risks,
uncertainties
and
other
factors
which
may cause
the
actual
results,
performance
or
achievements
of
Aclara
or
the
Penco
Module
to
be
materially
different
from
any
future
results,
performance
or achievements
expressed
or
implied
by
such
forward
looking
statements or
information.
In
some
cases,
forward
looking information
can
be
identified
by
the
use
of forward
looking
terminology
such
as
“plans”,“
targets”,
“expects”
or
“does
not
expect”,
“is
expected”,
“expected”, “an
opportunity
exists”,
“budget”, “scheduled”,
“estimates”, “outlook”, “forecasts”,
“projection”, “prospects”,
“strategy”, “intends”,
“anticipates”,
“does
not
anticipate”,
“anticipate”,
or
variations
of
such
words
and
phrases
or
state
that
certain
actions,
events
or
results
“may”,
“could”,
“would”, “might”,
“will”,
“will
be
taken”,
“taken”,
“or
“be
achieved”.
In
addition, any
statements
that
refer
to
expectations,
intentions, projections
or
other
characterizations
of future
events
or circumstances
contain
forward
looking
information.
Statements
containing
forward
looking
information
are
not
historical
facts
but
instead
represent
management’s
expectations,
estimates
and
projections
regarding
future
events
or
circumstances.
The forward
looking
information,
opinions
and
projects
contained
in
this
presentation
have
been
prepared
on
the
basis
of
the management’s
opinions,
estimates
and
assumptions
in
light
of
management’s
experience
and
perception
of
historical
trends,
current
conditions
and
expected
future
developments,
as
well
as
other
factors
that
management
currently
believes
are
appropriate
and
reasonable
in
the
circumstances
Despite
a
careful
process
to
prepare
and
review
the
forward
looking
information,
there
can
be
no
assurance
that
the
underlying
opinions,
estimates
and
assumptions will prove to
be
correct.
Material
factors
underlying
forward
looking information
and
management’s
expectations
include
certain assumptions
in
respect
of,
among
other
things
the accuracy
of
the estimation
of
mineral
resources
that
exploration
activities
and
studies
will
provide
results
that
support
anticipated
development
and
extraction
activities
estimated
mine
life
and
production
rates
at
the
Penco
Module
will
provide
results
that
support
anticipated
development
and
extraction
activities
the
Company’s
ability
to
retain
key
personnel
future
prices
of
rare
earth
elements
favourability
of
operating
conditions,
including
the
ability
to
operate
in
a
safe,
efficient
and
effective
manner
the
receipt
of
governmental
and
other
third
party
approvals,
licences
and
permits
on
favourable
terms
obtaining
required
renewal
for
existing
approvals,
licences
and
permits
and
obtaining
all
other
required
approvals,
licences
and
permits
on
favourable
terms
sustained
labour
stability,
stability
in
financial
and
capital
goods
markets,
availability
of
equipment
and
the
condition
of
existing
equipment
being
as
described
in
the
Technical
Report
(as
defined
below);
the
Company’s
ability
to
continue
investing
in
infrastructure
to
support
its
growth;
the
Company’s
ability
to
obtain
and
maintain
existing
financing
on
acceptable
terms;
currency
exchange
and
interest
rates;
the
impact
of
competition;
the
changes
and
trends
in
the
mining
industry
and
the
global
economy;
and
changes
in
laws,
rules,
regulations,
and
global
standards.
Although
the
forward-looking statements or
information
contained in
this presentation
are
based
upon
what
management
of Aclara
believes are
reasonable
assumptions, Aclara
cannot
assure
recipients
that
actual
results
will
be
consistent
with
these forward-looking
statements
They
should
not be
read
as
guarantees of future
performance
or
results.
A
number
of
factors
could
cause
actual results
to
differ materially
from the
results
discussed
in
the
forward
looking
statements,
including,
but
not
limited
to,
changes
in
global, political,
economic,
business,
commodity,
competitive,
market
and
regulatory
forces,
future
exchange
and
interest
rates,
changes in
tax rates,
technological
developments,
and
future business
combinations
or dispositions
Recipients should
carefully
consider
the
risk
factors
described
under
“Risk
Factors”
in
Aclara’s
annual
information
form
dated
March
30
2022
and
other
publicly
filed
documents,
made
available
under
Aclara
´
s
profile
on
SEDAR
at
.www.sedar.com
Forward
looking
statements
speak
only
as
of
the
date
on
which
they
are
made
and
are
expressly
qualified
in
their
entirety
by
this
cautionary
statement
Subject
to
applicable
securities
laws,
Aclara
does
not
assume
any
obligation
to
update
or
revise
the
forward-looking
statements
contained
herein
to
reflect events
or
circumstances occurring
after
the date
of
this
presentation
The
recipient
should
not place
undue
reliance
on
forward
looking
statements. Aclara’s
actual
results
could
differ
materially
from those anticipated
in these forward-looking
statements.
Nothing in
this
presentation
is
to
be
construed
as
a
profit
forecast.
Comparables
Certain
information
presented
herein
compares
the
Company
to
other
issuers
and
such
data
sets
are
considered
to
be
comparables.
Comparable
information
about
other
issuers
contained
in
this
presentation
was
obtained
from
public
sources
and
has
not
been
independently
verified
by
the
Company.
The
comparables
are
considered
to
be
an
appropriate
basis
for
comparison
with
the
Company
based
on
their
industry,
commodity
mix,
jurisdiction,
size,
operating
scale
and
other
additional
criteria
The
comparable
issuers
may
face
different
risks
from
those
applicable
to
the
Company.
M
a
r
k
e
t
a
n
d
I
n
d
u
stry
D
a
t
a
Market
and
industry
data
and
forecasts
contained
in
this
presentation
have
been
obtained
from
third
party
sources,
industry
publications
and
reports,
websites
and
other
publicly
available
information.
The
Company
believes
that
the
market
and
economic
data
presented
throughout
this
presentation
is
accurate
but
the
Company
cannot
offer
any assurance
as
to
the
accuracy or
completeness
thereof.
The accuracy
and
completeness
of
the market
and economic
data
presented
throughout
this
presentation
are
not guaranteed
and
the
Company
does
not make
any
representation
as
to
the
accuracy
of
such
data.
Actual
outcomes
may
vary
materially
from
those
forecast
in
such
reports
or
publications,
and
the
prospect
for
material
variation
can
be
expected
to
increase
as
the
length
of
the
forecast
period
increases.
Although
the
Company
believes
it
to
be
reliable,
the
Company
has
not
independently
verified
any
of
the
data
from
third
party
sources
referred
to
in
this
presentation,
or
analyzed
or
verified
the
underlying
market,
economic
and
other
assumptions
relied
upon
by
such
sources.
Market
and
industry
data
are
subject
to
variations
and
cannot
be
verified
due
to
limits
on
the
availability
and
reliability
of
data
inputs,
the
voluntary
nature
of
the
data
gathering
process
and
other
limitations
and
uncertainties
inherent
in
any
statistical
survey.
Scientific
and
Technical
Information
This
presentation
also
contains
references
to
estimates
of
Mineral
Resources.
The
estimation
of
mineral
resources
is
inherently
uncertain
and
involves
subjective
judgments
about
many
relevant
factors.
Mineral
resources
that
are
not
mineral
reserves
do
not
have
demonstrated
economic
viability.
The accuracy
of
any
such
estimates
is
a
function of the
quantity
and
quality of
available
data,
and
of
the assumptions
made
and
judgments
used in
engineering
and
geological interpretation (including
estimated
future
production
from the
Company’s
projects,
the anticipated
tonnages
and
grades
that
will
be
mined
and
the
estimated
level
of
recovery
that
will
be
realized),
which
may
prove
to
be
unreliable
and
depend,
to
a
certain
extent,
upon
the
analysis
of
drilling
results
and
statistical
inferences
that
ultimately
may
prove
to
be
inaccurate.
Mineral
resource
estimates
may
have
to
be
re
estimated
based
on:
(i)
fluctuations
in
prices
of
rare
earth
elements;
(ii)
results
of
drilling;
(iii)
metallurgical
testing
and
other
studies;
(iv)
proposed
mining
operations;
(v)
evaluation
of
mine
plans
subsequent
to
the
date
of
any
estimates
and
(vi)
the
possible
failure
to
receive
required
permits,
approvals
and
licenses.
Scientific
and
technical
information
(including
financial
forecasts
and
valuation
calculations)
relating
to
the
Penco
Module
contained
in
this
presentation
has
been
derived
from,
and
in
some
instances
extracted
from
a
technical
report
prepared
in
accordance
with
National
Instrument
43-101
Standards
of
Disclosure
for
Mineral
Projects
(“NI
43-101”)
entitled
“NI
43-101
Technical
Report
Preliminary
Economic
Assessment
for
Penco
Module
Project”
with
an
effective
date
of
September
15,
2021
(“Technical
Report”
or
Aclara
PEA”)
prepared
by
Ausenco
Engineering
Chile
Limitada
and
authored
by
Francisco
Castillo,
Alejandro
Solar,
Manuel
Hernandez,
Luis
Oviedo,
Scott
Weston,
Scott
Elfen
and
Gavin
Beer,
each
of
whom
and
is
a
“qualified
person”
and
“
within
the
meanings
of
NI
43-101.
Portions
of
the
scientific
and
technical information relating to
the
Penco Module
contained
in this presentation
are
based
on
assumptions,
qualifications,
procedures
and
other
information
which
are
not
fully
described herein
but
are set
out
in
the
Technical
Report.
Reference should
be
made
to
the
full
text
of
the
Technical
Report
which
has
been
filed
with
the
Canadian
securities’
regulatory
authorities
in
each
of
the
provinces
and
territories
of
Canada
(other
than
Québec)
pursuant
to
NI
43-101
and
is
available
for
review
on
the
Company’s
SEDAR
profile
at
.
The
mineral
resource estimates
referred
to
in
this presentation have
been
calculated
using
the Canadian
Institute
of
Mining,
Metallurgy
and
Petroleum
(“CIM”)
“Standards
on
Mineral
Resources
and
Reserves,
Definitions
and
Guidelines”
dated
May
10
,2014
prepared
by
the
CIM
Standing
Committee
on
Reserve
Definitions
and
adopted
by
CIM.www.sedar.com
Barry
Murphy,
the
Chief
Operating
Officer
of
the
Company,
is
a
“qualified
person”
within
the
meaning
of
NI
43-101
and
has
reviewed
and
approved
of
the
scientific
and
technical
disclosure
in
this
presentation.
Mr.
Murphy
is
not
independent
of
the
Company
within
the
meaning
of
NI
43-101.
2
D
i
s
c
l
a
i
m
e
r
3
Investment
Highlights
5
1
4
2
3
O
ne
o
f
t
he
very
f
e
w
I
onic
Cl
a
y
dep
o
sits
o
u
t
side
o
f
C
hina
Dy
&
Tb
are
key
elements
of
for
EVs
and
Wind
Turbines
The
Western
world
does
not
want
to
depend
on
China
and
n
e
e
ds
envir
on
m
ent
a
lly
s
u
st
a
i
n
a
ble
s
u
pp
l
y
Unique
project
in
Chile
advancing
in
all
fronts
and
ai
m
ing
t
o
produce
in
20
2
6
Brazil
discoveries
offer
significant
growth
and
diversification
4
About
Aclara
Aclara
is
a
company
focused
on
the
production
of
heavy
rare
earths
listed
in
the
Toronto
Stock
Exchange
(TSX).
Its
principal
shareholder
is
the
Hochschild
Group
,
a
recognized
economic
group
with
more
than
100
years
of
experience
producing
in
the
Americas
Current
emphasis
is
on
the
development
of
the
Penco
Module
P
roject
and Module Carina
Project
,
an
Ionic
Clay
deposit
located
in
the
south
of
Chile
and
Goias State
one
of
the
few
outside
of
China
Aclara
offers
significant
growth
optionality
through
exploration
in
Chile, Brazil
and
Peru
CRITICAL
ELEMENTS
TO
FIGHT
THE
CLIMATE
CHANGE
SUSTAINABLE
PRODUCTION
SOCIAL
VALUE
Our
business
model
has
been
designed
to
generate
environmental
and
social
value
in
a
journey
aimed
to
fight
for
a
better
planet
6
Rare
Earths
World
Supply
2022
S
ou
r
c
e
s
:
China
Production
:
Ministry
of
Industry
and
Information
Technology
U
S
G
S
R
a
r
e
E
a
r
t
h
s
:
M
y
a
n
m
a
r
a
nd
o
t
h
e
rs
2
0
22
p
r
od
uc
t
i
on
The
Western
world
urgently
needs
a
credible
source
of
Dy
&
Tb
L
y
n
a
s
a
n
d
M
P
M
a
te
ri
al
s
:
A
n
n
u
a
l
Re
p
o
r
t
s
2
0
22
D
e
m
a
n
d
:
A
r
g
us
M
e
di
a
O
c
t
2
0
22
Magnet
for
an
EV
requires
a
ratio
of
10:1
8
Aclara
at
the
Glance
Rare
sup
p
li
e
r
of
v
e
ry
sc
a
rce
Dy
&
Tb
ou
t
s
i
de
of
C
h
i
n
a
a
n
d
M
y
a
n
m
a
r
N
d
P
r
/
Dy
Tb
r
a
t
io
of
2
:1
O
ff
t
a
ke
h
a
s
n
ot
b
ee
n
c
om
m
i
t
t
e
d
Ionic
clay
deposit
is
the
main
competitive
advantage
O
n
e
of
o
n
ly
f
our
k
n
o
w
n
d
e
p
osi
t
s
Hi
gh
c
o
n
t
e
n
t
s
of
Dy
Tb
L
ow
i
n
v
e
s
t
m
e
n
t
:
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p
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U
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No
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a
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ir
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e
n
t
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qu
a
li
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Patented
process
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r
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f
oo
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t
R
e
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e
Traceability
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arl
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v
a
il
a
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ili
t
y
of
m
a
t
e
ria
l
i
n
2
0
2
6
Brazil
offers
significant
growth
optionality
and
diversification
Chile,
a
Western
friendly
jurisdiction
C
r
e
d
it
r
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t
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/
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Dec
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(
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i
l
d
,
m
ore
t
h
a
n
1
0
0
y
e
a
rs
in
m
i
n
i
n
g
o
p
e
r
a
t
io
n
s
in
t
h
e
A
m
eri
c
a
s
Hi
g
h
ly
r
e
p
u
t
a
b
le
B
oa
r
d
Aclara
is
still
a
project
but
is
the
most
credible
alternative
for
the
West
to
ensure
a
complete
and
balanced
supply
of
rare
earths
A
unique
process
Recycling
W
a
t
e
r
(
9
5%
)
Fe
r
t
i
l
iz
e
r
(
99
%
)
Pine
and
Eucalyptus
Clays
Ionic
Exchange
I
m
p
u
r
it
i
e
s
Removal
Rare
Earths
Carbonate
P
r
e
c
i
p
it
at
i
o
n
Mixed
Rare
Earths
Carbonate
Final
Product
(
1
t
r
u
c
k
p
e
r
w
ee
k)
N
a
n
o
f
il
t
r
at
i
o
n
&
Reverse
O
s
m
o
s
is
Clays
Washing
Clays
Wat
e
r
R
a
r
e
E
a
r
t
h
s
D
e
p
o
s
it
io
n
of
clays
on
site
R
e
v
e
ge
tatio
n
wit
h
native
forests
Clays
A
process
developed
by
Aclara
validated
by
the
University
of
Toronto
&
the
University
of
Concepción
A
simple
process
with
low
technical
risk
and
high
environmental
compliance
9
A
new
process
that
will
revolutionize
an
industry
famous
for
its
negative
impact
to
the
planet
*By
Business
Intelligence
Group
10
Outstanding
process
attributes
*
*
Pilot
Plant
14
The
pilot
plant
will
operate with Carina Module sample in January and February 2024
Exploration
Brazil
1.
Phase 1
Target
1
P
h
a
s
e
1
201
auger holes executed
and
13
historic
d
ril
h
ol
e
s
t
o
guid
e
d
ril
l
i
n
g
c
a
m
p
a
ign
Mineral resource estimate of 168Mt @1.510 ppm TREO
P
h
a
s
e
2
Programmed 1
,
500
m
e
t
e
rs
of Reverse Circulation Drilling, and executed
1,275 meters up to 12 December
(
5
6
programmed
h
ol
e
s
)
2.
5
additional
high
priority
targets
Staked
an
aggregate
of
376k
hectares
of
mining
concessions
Currently
designing
drilling
campaigns
for
five
additional
high-priority
targets
within
its
concession’s
areas.
3.
Team
in
place
Formed
a
specialized
team
of
geologists
to
ramp-up
on-site
activities
Brazil
exploration
offers
high
growth
optionality
and
diversification
17
Key
Messages
Ve
r
y
s
t
r
o
ng
fundam
e
n
t
al
s
P
e
rm
i
tt
i
ng
und
e
r
w
ay
a
n
d
s
i
gn
i
f
i
ca
nt
w
or
k
w
i
t
h
t
he
commun
i
t
y
P
il
ot
pl
a
nt
sh
o
w
s
t
h
at
w
e
a
r
e
r
e
al
Significant
upside
in
Brazil
also
diversifies
political
risk
N
e
x
t
s
t
e
ps
Pilot
plant
to
produce
material
samples
E
x
pl
or
i
ng
o
ff
t
a
k
e
agr
ee
me
n
t
s
Positioned
to
supply
the
market
for
permanent
magnets
used
in
EVs
at
time
when
market
demand
is
expected
to
outplace
supply
20
21
F
o
r
f
u
r
t
h
e
r
i
n
f
o
r
m
a
t
i
o
n
,
p
l
e
a
s
e
c
o
n
t
a
c
t
:
Bonzi Yokomizo Jorge Frutuoso
C
ountry Manger
Exploration Manager
investorrelations@aclara-re.com
Website:
www.aclara-re.com
A unique opportunity awaits in December 2023, offering a chance that is both diverse and impactful. With a focus on dynamics and teamwork, this opportunity promises growth and excitement. Don't miss out on this exclusive chance to excel and make a difference.
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Presentation Transcript
A unique Dy & Tb Opportunity December 2023
Disclaimer This presentation of Aclara Resources Inc. (the Company or Aclara has been prepared solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction,investment or otherwise. Forward Looking Information This presentation contains forward looking information or forward looking statements within the meaning of applicable securities legislation. Forward looking information may relateto the Company s future financial outlook and anticipated events or results and may include information regarding our business, financial position, business strategy, growth plans, strategies and objectives, budgets and operations. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which the Company operates, and statements regarding ongoing development and exploration work at the Penco Module and statements relating to preliminary economic assessment studies, including resource estimates, rare earth element composition, grade and quality, mine life estimates, estimates of capital and operating costs are forward looking information. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Aclara or the Penco Module to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements or information. In some cases, forward looking information can be identified by the use of forward looking terminology such as plans , targets , expects or does not expect , is expected , expected , an opportunity exists , budget , scheduled , estimates , outlook , forecasts , projection , prospects , strategy , intends , anticipates , does not anticipate , anticipate , or variations of such words and phrases or state that certain actions, events or results may , could , would , might , will , will be taken , taken , or be achieved . In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward looking information. Statements containing forward looking informationarenot historical facts but insteadrepresent management s expectations,estimates and projections regardingfuture events or circumstances. The forward looking information, opinions and projects contained in this presentation have been prepared on the basis of the management s opinions, estimates and assumptions in light of management s experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances Despite a careful process to prepare and review the forward looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward looking information and management s expectations include certain assumptions in respect of, among other things the accuracy of the estimation of mineral resources that exploration activities and studies will provide results that support anticipated development and extraction activities estimated mine life and production rates at the Penco Module will provide results that support anticipated development and extraction activities the Company s ability to retain key personnel future prices of rare earth elements favourability of operating conditions, including the ability to operate in a safe, efficient and effective manner the receipt of governmental and other third party approvals, licences and permits on favourable terms obtaining required renewal for existing approvals, licences and permits and obtaining all other required approvals, licences and permits on favourable terms sustained labour stability, stability in financial and capital goods markets, availability of equipment and the condition of existing equipment being as described in the Technical Report (as defined below); the Company s ability to continue investing in infrastructure to support its growth; the Company s ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in the mining industry and the globaleconomy;andchanges in laws,rules, regulations, andglobalstandards. Although the forward-looking statements or information contained in this presentation are based upon what management of Aclara believes are reasonable assumptions, Aclara cannot assure recipients that actual results will be consistent with these forward-looking statements They should not be read as guarantees of future performance or results. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, including, but not limited to, changes in global, political, economic, business, commodity, competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates, technological developments, and future business combinations or dispositions Recipients should carefully consider the risk factors described under Risk Factors in Aclara s annual informationform dated March30 2022and other publicly filed documents,made availableunderAclara s profile on SEDAR at www.sedar.com. Forward looking statements speak only as of the date on which they are made and are expressly qualified in their entirety by this cautionary statement Subject to applicable securities laws, Aclara does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this presentation The recipient should not place undue reliance on forward looking statements. Aclara s actual results could differ materially from those anticipated in these forward-looking statements. Nothing in this presentationis to be construed as a profit forecast. Comparables Certain information presented herein compares the Company to other issuers and such data sets are considered to be comparables. Comparable information about other issuers contained in this presentation was obtained from public sources and has not been independently verified by the Company. The comparables are considered to be an appropriate basis for comparison with the Company based on their industry, commodity mix, jurisdiction, size, operating scale and other additional criteria The comparable issuers may face different risks from those applicable to the Company. Market and IndustryData Market and industry data and forecasts contained in this presentation have been obtained from third party sources, industry publications and reports, websites and other publicly available information. The Company believes that the market and economic data presented throughout this presentation is accurate but the Company cannot offer any assurance as to the accuracy or completeness thereof. The accuracy and completeness of the market and economic data presented throughout this presentation are not guaranteed and the Company does not make any representation as to the accuracy of such data. Actual outcomes may vary materially from those forecast in such reports or publications, and the prospect for material variation can be expected to increase as the length of the forecast period increases. Although the Company believes it to be reliable, the Company has not independently verified any of the data from third party sources referred to in this presentation, or analyzed or verified the underlying market, economic and other assumptions relied upon by such sources. Market and industry data are subject to variations and cannotbe verified due to limitson the availabilityand reliabilityof datainputs, the voluntarynature of the datagathering process and other limitationsand uncertaintiesinherent in any statisticalsurvey. Scientificand Technical Information This presentation also contains references to estimates of Mineral Resources. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the Company s projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral resource estimates may have to be re estimated based on: (i)fluctuations in prices of rare earth elements; (ii)results of drilling; (iii) metallurgical testing and other studies; (iv)proposed mining operations; (v)evaluation of mine plans subsequent to the date of any estimates and (vi)the possible failure to receive requiredpermits,approvals and licenses. Scientific and technical information (including financial forecasts and valuation calculations) relating to the Penco Module contained in this presentation has been derived from, and in some instances extracted from a technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ) entitled NI 43-101 Technical Report Preliminary Economic Assessment for Penco Module Project with an effective date of September 15, 2021 ( Technical Report or Aclara PEA ) prepared by Ausenco Engineering Chile Limitada and authored by Francisco Castillo,Alejandro Solar,ManuelHernandez, Luis Oviedo,Scott Weston, Scott Elfen and GavinBeer, each of whom and is a qualified person and within the meaningsof NI 43-101. Portions of the scientific and technical information relating to the Penco Module contained in this presentation are based on assumptions, qualifications, procedures and other information which are not fully described herein but are set out in the Technical Report. Reference should be made to the full text of the Technical Report which has been filed with the Canadian securities regulatory authorities in each of the provinces and territories of Canada (other than Qu bec) pursuant to NI 43-101 and is available for review on the Company s SEDAR profile at www.sedar.com. The mineral resource estimates referred to in this presentation have been calculated using the Canadian Institute of Mining, Metallurgy and Petroleum ( CIM ) Standards on Mineral Resources and Reserves, Definitions and Guidelines dated May 10 ,2014 prepared by the CIM Standing Committeeon ReserveDefinitions and adoptedby CIM. BarryMurphy, the Chief Operating Officer of the Company,is a qualified person within the meaning of NI 43-101and has reviewed and approvedof the scientific and technical disclosurein this presentation.Mr. Murphy is not independentof the Company within the meaningof NI 43-101. 2
Investment Highlights 1 One of the very few Ionic Clay deposits outside of China 2 Dy & Tb are key elements of for EVs and Wind Turbines The Western world does not want to depend on China and needs environmentally sustainable supply 3 Unique project in Chile advancing in all fronts and aiming to produce in 2026 4 5 Brazil discoveries offer significant growth and diversification 3
About Aclara Aclara is a company focused on the production of heavy rare earths listed in the Toronto Stock Exchange (TSX). Its principal shareholder is the Hochschild Group, a recognized economic group with more than 100 years of experience producing in the Americas CRITICAL ELEMENTS TO FIGHT THE CLIMATE CHANGE SOCIAL VALUE SUSTAINABLE PRODUCTION Current emphasis is on the development of the Penco Module Project and Module Carina Project, an Ionic Clay deposit located in the south of Chile and Goias State one of the few outside of China Aclara offers significant growth optionality through exploration in Chile, Brazil and Peru Our business model has been designed to generate environmental and social value in a journey aimed to fight for a better planet 4
Rare Earths World Supply 2022 Annual REO Ratio Origin Total NdPr DyTb NdPr/DyTb China hard rock (2022) China Ionic Clays (2022) Myanmar Ionic Clays (2022) 190,850 19,150 12,000 222,000 43,000 18,000 18,000 79,000 42,021 4,144 2,597 48,762 7,009 6,000 3,233 16,242 329 1 , 1 2 1 703 2,153 47 69 44 160 128 4 4 Controlled by China (2022) USA Mountain Pass (2022) Australia/Malaysia Mt. Weld (2022) Others (2022) RoW (2022) 23 149 87 73 102 Total Supply (2022) 301,000 65,004 2,313 28 Total Demand (2031) - 110,791 7,388 15 Magnet for an EV requires a ratio of 10:1 The Western world urgently needs a credible source of Dy & Tb Sources: China Production: Ministry of Industry and Information Technology USGSRare Earths :Myanmar and others 2022production Lynasand MP Materials:Annual Reports2022 Demand:Argus Media Oct 2022 6
Aclara at the Glance Early availability of material in 2026 Rare supplier of very scarce Dy & Tb outside of China and Myanmar Brazil offers significant growth optionality and diversification NdPr /DyTb ratio of 2: 1 Offtake has not been committed Chile, a Western friendly jurisdiction Ionic clay deposit is the main competitive advantage Credit rating A2/A/A- Outstanding access to infrastructure One of only four known deposits Solid financial position High contents of DyTb Raised US$100 million in the Toronto Stock Exchange in Dec 2021 Low investment:Project capexof US$ 1 30m No radioactivity Very strong balance sheet with no debt (US$ 67m in cash as of December 31 ,2022) Unique environmental quality Strong corporate culture Patented process Owned byHochschild,more than 1 00 years in mining operations in the Americas Very low carbon footprint Recycling of water and reagents,no waste Highly reputable Board Traceability Aclara is still a project but is the most credible alternative for the West to ensure a complete and balanced supply of rare earths 8
A unique process A process developed by Aclara validated by the University of Toronto &the University of Concepci n Recycling Water (95%) Fertilizer (99% ) Final Product (1truck per week) Pine and Eucalyptus Clays Impurities Removal Rare Earths Carbonate Precipitation Ionic Exchange Mixed Rare Earths Carbonate Clays Water Nanofiltration & Reverse Osmosis Rare Earths Clays Washing Deposition of clays on site Clays Revegetation with native forests A simple process with low technical risk and high environmental compliance 9
Outstanding process attributes * * A new process that will revolutionize an industry famous for its negative impact to the planet *By Business Intelligence Group 10
Pilot Plant The pilot plant will operate with Carina Module sample in January and February 2024 14
Exploration Brazil 1. Phase 1 Target 1 Phase 1 201 auger holes executed and 13 historic drilholes to guide drilling campaign Mineral resource estimate of 168Mt @1.510 ppm TREO Phase 2 Programmed 1,500meters of Reverse Circulation Drilling, and executed 1,275 meters up to 12 December(56 programmed holes) 2. 5 additional high priority targets Staked an aggregate of 376k hectares of mining concessions Currently designing drilling campaigns for five additional high-priority targets within its concession s areas. 3. Team in place Formed a specialized team of geologists to ramp-up on-site activities Brazil exploration offers high growth optionality and diversification 17
Key Messages Very strong fundamentals Permitting under way and significant work with the community Pilot plant shows that we are real Significant upside in Brazil also diversifies political risk Next steps Pilot plant to produce material samples Exploring offtake agreements Positioned to supply the market for permanent magnets used in EVs at time when market demand is expected to outplace supply 20
For further information, please contact: Bonzi Yokomizo Jorge Frutuoso Country Manger investorrelations@aclara-re.com Website: www.aclara-re.com Exploration Manager 21
