Metals One Plc · LSE:MET1
Metals One — Investor Presentation (February 2024)
20 slides from Metals One's investor presentation, February 2024
Slide 1: European critical metals to meet structural deficits
European critical metals to meet structural deficits AIM: MET1 Q1 2024
Slide 2: Disclaimer
Disclaimer These presentation slides have been prepared by and are the sole responsibility of Metals One plc (“Metals One” or “the Company”). The directors of the Company have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge or belief. The info
Slide 3: Investing in critical metals
Investing in critical metals Metals such as Ni, Zn, Cu and Co are underpinning energy transition European OEMs require traceable, local, low carbon sources Our production ambitions align with anticipated structural shortages EU set supply targets to cut reliance on Asia Metals One provides exposure
Slide 4: Finland – Black Schist Project (Ni-Zn-Cu-Co)
Finland – Black Schist Project (Ni-Zn-Cu-Co) Metals One drilling in Dec 2023
Slide 5: Finland - Black Schist Project
Finland - Black Schist Project nickel • zinc • copper • cobalt Adjacent to Europe’s largest operating nickel mine - Talvivaara o Inferred Resource 28.1 Mt of Ni-Zn-Cu-Co, plus additional exploration targets, in Kainuu Schist Belt which is a structure that hosts both Talvivaara and Outokumpu style mi
Slide 6: Finland – Black Schist Project
Finland – Black Schist Project Objective to increase existing JORC resource through drilling Paltamo – JORC Exploration Target of 16-24 Mt of Talvivaara type mineralisation containing 0.18-0.27% Ni, 0.09-0.13% Cu, 0.01-0.02% Co and 0.33-0.50% Zn at P5 target Rautavaara – JORC (2012) Inferred MRE of
Slide 7: Black Schist Project – Paltamo
Black Schist Project – Paltamo o Analysis of P5 Exploration Target historical data indicates opportunity to significantly increase volume of mineralisation o P5 mineralisation follows a black schist belt that has been folded (Metals One interpretation) o Historical mineralised intercepts have been m
Slide 8: Black Schist Project – Paltamo cont.
Black Schist Project – Paltamo cont. o Several mineralisation intersections of cores were not assayed by previous permit holder ▪ Led to lower category JORC Exploration Target of 16-24 Mt o Management estimates an Inferred Resource could be achieved by completing the assays of all intersections o Cl
Slide 9: Black Schist Project – Rautavaara
Black Schist Project – Rautavaara R1 Hook target (located within Rauta 9-11 permit) o Completed diamond drill programme at R1 Hook target in Dec 2023 ▪ Identified significant intersections of Talvivaara style Ni-Zn-Cu- Co mineralised black schists ▪ Demonstrated geological continuity with existing r
Slide 10: Black Schist Project – Rautavaara cont.
Black Schist Project – Rautavaara cont. K1 target (located within Korpimäki permit) o Historical drilling intercepted high-grade EM anomaly within We are very positive about the mining project. This is a national Korpimäki asset (ore resources) in the Finnish soil. We held discussions in Rautavaara,
Slide 11: Norway – Råna Project (Ni-Cu-Co)
Norway – Råna Project (Ni-Cu-Co) Operator drilling in Oct 2023
Slide 12: Norway – Råna Project
Norway – Råna Project nickel • copper • cobalt Brownfield exploration of Råna intrusion – fully carried o Proven potential for massive sulphide Ni-Cu-Co mineralisation - disseminated and net textured/semi-massive to massive nickel and copper sulphide mineralisation phases have been identified within
Slide 13: Norway – exploration update
Norway – exploration update o Partner/operator Kingsrose completed geophysical surveys at Rånbogen prospect in Aug 2023 • Identified highly conductive zones demonstrating potential for massive Ni-Cu-Co sulphide mineralisation o Drilled 12 holes for 4,318 metres, including discovery of massive sulphi
Slide 14: Board
Board Non-Executive Chairman Chief Executive Officer Chief Financial Officer Alastair Clayton Jonathan Owen Daniel Maling o Corporate financier and geologist with over 30 years’ o Senior executive with over 25 years’ experience in o Corporate financier with over 20 years’ experience experience in mi
Slide 15: Right metals, right location, right time
Right metals, right location, right time Clear short-term goal to deliver critical metals resource of scale as precursor to project development Critical metals Compelling Europe focus – Approx £9m of Experienced value linked to medium-to-long close to fast- multi-project management decarbonisation t
Slide 16: Orana Corporate LLP contact and advisers
Orana Corporate LLP Central Working Victoria, 25 Eccleston Place, London SW1W 9NF [email protected] Beaumont Cornish (Nominated Adviser) Shard Capital Ltd (Broker) SI Capital Ltd (Broker) Fortified Securities (Broker) Vigo Consulting (IR) Follow us on social media linkedin.com/company/metals-one-p
Slide 17: Appendix
APPENDIX
Slide 18: ESG
ESG o Energy transition will be built with nickel, copper, aluminium, cobalt, and lithium o We will identify and responsibly mine those metals driving the transition o Europe focused miner – committed to high standards of environmental and social responsibility and sound governance ▪ Became member o
Slide 19: Finland farm-in terms
Finland farm-in terms o £1m of initial exploration and development funded by Gunsynd (AIM: GUN) through farm-in for up to 25% ▪ First £250,000 for 6.25% received Nov 2023 o Following investment, Gunsynd will gain 25% (in four equal tranches) of voting rights in Metals One Finland OY, which holds the
Slide 20: Norway farm-in terms
Norway farm-in terms o Farm-out agreement between Kingsrose Mining (ASX: KRM) and Completion Milestone Råna project-holder Scandinavian Resource Holdings (SRH) (wholly owned subsidiary of Metals One) Stage 1 (for Incorporation of JV Company with issued o Current project ownership: Metals One (via SR