Nico Resources Limited · ASX:NC1
Nico Resources — Noosa Mining Conference 2022
24 slides from Nico Resources's conference presentation, Jul 21, 2022
Slide 1: Noosa Mining Conference 20-22 July
For personal use only Noosa Mining Conference 20-22 July ASX:NC1 1
Slide 2: Disclaimer
DISCLAIMER For personal use only General Disclaimer: This presentation has been prepared by Nico Resources Limited (“Nico” or the “Company”) for the purpose of providing an overview of the Company. The presentation is based upon information available to the Company at the date of this presentation.
Slide 3: Capital Structure
CAPITAL STRUCTURE 12,000 1.7 For personal use only 10,000 A$74 million 1.5 1.3 8,000 Volume (000s) Market Capitalisation1 1.1 A$/sh 6,000 0.9 4,000 0.7 2,000 0.5 A$10 million 0.3 0 19-Jan-22 19-Feb-22 19-Mar-22 19-Apr-22 19-May-22 19-Jun-22 19-Jul-22 Cash1 Board & Management Non-Executive Chairman W
Slide 4: The Global Gigafactory Pipeline to 2030
THE GLOBAL GIGAFACTORY PIPELINE TO 2030 And the squeeze on raw commodity supply For personal use only Global Gigafactory Growth Profile May 2022 304 North America – 23 Europe – 30 Sep 2019 102 China – 226 Sep 2019 102 Asia – 25 Data supplied by Benchmark Mineral Intelligence (https://www.benchmarkmi
Slide 5: What Does This Mean for Nickel Supply
WHAT DOES THIS MEAN FOR NICKEL SUPPLY For personal use only 2025 2030 2020 2,491GWh 3,439GWh 755GWh Nickel(t) NMC Total GWh LFP Total GWh 1,200 1,800 LIB Chemistry Market Share Over Time 1,089 1,500 900 2030 50% 50% Nickel Metal tonnes '000 (t) 947 1,200 LIB Total GWh 2025 40% 60% 600 900 2020 30% 7
Slide 6: Global Nickel Reserves 2020
GLOBAL NICKEL RESERVES 2020 For personal use only Canada - 2 Russia – 7.5 USA - 0.34 China – 2.8 Philippines – 4.8 Indonesia - 21 Brazil - 16 Australia – 21 Data supplied by Statista 15/7/2022 (https://www.statista.com/statistics/603621/global-distribution-of-nickel-mine-production-by-select-country
Slide 7: Global Nickel Production 2020
GLOBAL NICKEL PRODUCTION 2020 For personal use only Russia - 11.2 Canada - 6.7 Other – 14.1 China – 4.8 Cuba - 2.9 Philippines - 12.8 Sulphide Laterite Indonesia - 30.4 Brazil - 2.9 New Caledonia - 8 Australia – 6.8 Data supplied by Statista 15/7/2022 (https://www.statista.com/statistics/603621/glob
Slide 8: Largest Global Nickel Reserves
LARGEST GLOBAL NICKEL RESERVES Contained NiEq Tonnes Central Musgraves Project 7,000 2.00 For personal use only Development Projects (8) Contained NiEq Grade Production Projects (8) 6,000 1.50 5,000 Contained NiEq Tonnes '000's NiEq Grade (%) 4,000 1.00 3,000 2,000 0.50 1,000 0 0.00 Note: data sourc
Slide 9: Largest Undeveloped Global Nickel Reserves
LARGEST UNDEVELOPED GLOBAL NICKEL RESERVES Central Musgraves Project Contained NiEq Tonnes Brazil/China/Cuba/Coral Triangle/Russia (8) For personal use only 3,500 2 Contained NiEq Grade Australian/ Nth American Projects (7) 3,000 1.5 2,500 Contained NiEq Tonnes '000's NiEq Grade (%) 2,000 1 1,500 1,
Slide 10: Aus/Nth American Significant Undeveloped Nickel Deposits
AUS/NTH AMERICAN SIGNIFICANT UNDEVELOPED NICKEL DEPOSITS For personal use only Late stage development or Contained Ni Eqv (tonnes) - Resource Ni Eqv grade 100% 475 producing primary nickel projects globally 7,000 1.20% 6,000 1.00% Contained NiEq Tonnes '000's 5,000 Pre production assets located in 0
Slide 11: Wingellina
WINGELLINA A Company Making Asset For personal use only Significant Assets Clear Strategy to deliver a Tier 1 long life (+40Yrs), Sustainably designed with optimization studies ~2Mt of contained Nickel low cost nickel production asset with low carbon for value accretive projects to enhance overall ~
Slide 12: Project Highlights
PROJECT HIGHLIGHTS Wingellina is a development-ready, large resource project, with a demonstrated ability to For personal use only produce nickel & cobalt sulphates, sulphides and hydroxides. The unique characteristics of Wingellina provides several investment and development options for NiCo Resour
Slide 13: Wingellina Production Characteristics
WINGELLINA PRODUCTION CHARACTERISTICS Wingellina Proposed HPAL Operation For personal use only Strip Ratio 1:1 (0.5:1 for 0-20 yrs) Ore Thickness 80 metres average Tonnes/km2 50-60 Mt Mining Technique Free Dig MgO Low Iron High Low Acid Consumption < 300 Kg/t Ore Blending Not Required 13
Slide 14: Corporate Strategy
CORPORATE STRATEGY Optimise Develop Produce For personal use only • New Wingellina feasibility study • The project reserve currently in excess of 40+ Year mine • LOM production strip rate 1:1 with first 20 years 0.5:1 • Additional scoping level analysis life at 40,000tpa Ni and 3,000tpa Co • Free di
Slide 15: Project Optimisation
PROJECT OPTIMISATION DOWNSTREAM REFINING /DISTRIBUTION High Purity MIDSTREAM Aluminium For personal use only PROCESSING UPSTREAM EXPLORATION/PRODUCTION Hydrometallurgical Crushing & Nickel refinery Screening circuit HPA Refinery pCAM Refinery Decarbonised Energy O/P Mining Market ~1%Ni Ore MHP Ni Su
Slide 16: Wingellina Outputs: 2008 PFS Results
WINGELLINA OUTPUTS 2008 PFS Results For personal use only Annual Production CAPEX Nickel Price: FX: Nickel AUD$2.2B Cash Cost US$20K 0.85 40,000t US$3.34/lb Ni Cobalt Price: Cobalt US$45K equivalent 3,000t L.O.M 42Years Extremely Nickel Recovery: Payback Period Favourable 92% 5Years Project Cobalt r
Slide 17: Significant Exploration Side
SIGNIFICANT EXPLORATION SIDE Only 25% of the contact zone has been drilled For personal use only Wingellina, Irrunytju, WA Ni Co Project Status Development stage Current Work Program Drilling ~10,000m in 2022 Comments Project Currently has a reserve of ~2Mt of contained Nickel. Largest known resourc
Slide 18: Timeline
TIMELINE For personal use only 2022 Jun ‘22 Sep ‘22 Dec ‘22 2023 Mar ‘23 Jun ‘23 Sep ‘23 Dec ‘23 PFS Refresh Commence and complete Feasibility Study DFS/B.F.S Detailed Engineering HG Cobalt Reserve Drilling - Wingellina Regional Resource Drilling - Calcrete Exploration Resource Drilling - Claud's Hi
Slide 19: Decarbonised Future Facing Mine Design
DECARBONISED FUTURE FACING MINE DESIGN For personal use only Committed to social & Safety environmentally sustainable Committed to the safety of our value creation personal through all phases of development and production Local Partnerships Develop longstanding mutually Designed to deliver an integr
Slide 20: Laterites vs Sulphides
LATERITES VS SULPHIDES Laterite Hydrometallurgical Flow Sheet Which one is the most favorable ore source? Laterites | Ni-Mn-Co Legend: For personal use only Sulphides | Ni-Cu-Co-PGE Ore sources Sulphide ores typically occur as Mining economically viable grades of 1-3%Ni in the ground and are concent
Slide 21: Undeveloped Australian Nickel Laterite Resources
UNDEVELOPED AUSTRALIAN NICKEL LATERITE RESOURCES Nickel Laterite Reserves Ravensthorpe Pre-Production Murrin Murrin For personal use only Bubble size: Contained Ni ('000 t) Label: Property name Murrin Murrin, Reserves, Australia 1.5% Central Musgrave, Reserves, Australia Kalgoorlie, Reserves, Austra
Slide 22: Resource & Reserve Statement
RESOURCE & RESERVE STATEMENT Central Musgraves Project (CMP), Western Australia For personal use only 0.5% Ni cut-off grade Classification Tonnes Grade Metal (t) Wingellina Measured 37,600,000 0.98 368,000 Indicated 130,900,000 0.91 1,193,000 Nickel Inferred 14,100,000 0.87 122,000 Total 182,600,000
Slide 23: Wingellina Project Summary
WINGELLINA PROJECT SUMMARY For personal use only 1 2 Globally significant Nickel and Cobalt Resource Approvals – Mining and infrastructure agreement in tier 1 mining jurisdiction with over over 1.5MT signed. EPA approval granted of contained NI in RESERVES alone 3 Mining – Free dig, very low strip r
Slide 24: Transforming The Australian Nickel Industry
For personal use only “Transforming The Australian Nickel Industry” 24