Eurobattery Minerals AB · NGM:BAT
Eurobattery Minerals AB — Merger or Acquisition (May 2020)
14 slides from Eurobattery Minerals AB's merger presentation, May 11, 2020
Slide 1: Hautalampi Nickel-Cobalt-Copper Mine Acquisition
EuroBattery Minerals AB Hautalampi Nickel-Cobalt-Copper Mine Acquisition Transformational Deal Positions BAT as a Near-Term Producer of Battery Metals 11 May 2020 Keretti shaft 2009 drilling
Slide 2: Summary
Summary - Acquisition of the Hautalampi nickel (Ni), cobalt (Co) & copper (Cu) mining development project in Finland, a Tier 1 mining jurisdiction - Acquisition adds low risk, near term production capacity to the BAT portfolio - Finland ranked 2nd in the 2019 Fraser Institute Investment Attractivene
Slide 3: Transformational Deal
Transformational Deal - Hautalampi Project to be acquired for €6.05M. Payments are staged with BAT ownership increasing as project is advanced to production - Acquisition positions BAT closer to being a producer of battery metals - Project can be rapidly advanced to production given the development
Slide 4: Location & Infrastructure
Location & Infrastructure - Hautalampi Ni-Co-Cu deposit was discovered by step-out exploration in the Outukumpu region - Mature brownfield area with a long history of mining - Vulcan Hautalampi Oy, owns 100% of the mining rights and 280 ha of mining lease area (~94% of mining lease area) - Excellent
Slide 5: Mineral Resource
Mineral Resource - Over 530 drill holes completed on Project area for 80,000m of drilling - Ore body delineated over 1,000m in strike, up to 150m wide and 30m thick - NI 43-101 Compliant Mineral Resource Estimate completed in 2009: - Measured + Indicated: 2.3Mt @ 0.44% Ni, 0.38% Cu and 0.12% Co - In
Slide 6: Mining & Processing
Mining & Processing - In total, 2.1km of underground development completed, including 850m decline and 1,250m of underground development, reaching the mineralisation front - Conventional room & pillar and up-hole bench stoping; waste to be disposed of as paste back-fill in underground mine voids - E
Slide 7: Advanced Permitting Stage
Advanced Permitting Stage - Environmental and Water discharge permit for the underground mine already granted; permit is valid and in force, allowing mining operations to commence immediately - Mining Concession Granted in 2013; total area 284 hectares - Preparation of an environmental permit applic
Slide 8: Development Studies
Development Studies - Extensive development studies completed over last 11 years including unpublished feasibility study in 2009 - Recent mineral processing and metallurgical studies have allowed reassessment of development options not previously contemplated - BAT to complete 10,000m drilling progr
Slide 9: Project Timeline
Project Timeline Q2 2020 Q3 2020 Q4 2020 2021 2022 - Community & - Mobilise additional - Update Mineral - Finalise Project - Approval of EIA stakeholder drill rig to site Resource Report Financing - Commence engagement - Metallurgical test - Preparation of - Finalise binding construction program wor
Slide 10: Corcel Project, Spain
Corcel Project, Spain - BAT is advancing the Corcel Ni-Co-Cu Project in NW Spain - In 2019, the Company completed its first exploration work program at the project, including soil geochemistry, geophysics and diamond core drilling - Elevated levels of Ni, Cu and Co intersected by drilling over 700m
Slide 11: Swedish Projects
Swedish Projects - BAT has 7 exploration permits in northern Sweden prospective for rare earth elements, precious metals and base metals - Reconnaissance rock chip sampling across prospects identified anomalous regions prospective for mineralisation - Projects currently being ranked for follow-up ex
Slide 12: Nickel Market
Nickel Market - Market trending towards NCM 811 batteries which require high quality nickel; NCM 811 will be fastest growing battery by 2025 - Global forecasts for increased production of hybrid and EV - Large expansion in China with major car component manufacturers taking position in market. Tesla
Slide 13: Cobalt Market
Cobalt Market - Cobalt is essential safety component of Li-ion batteries stops overheating and provides charging stability – increasing battery lives - Strong market fundamentals underpinned by EV adoption; Billions being invested - Securing conflict-free, ethically sourced cobalt will be critical f
Slide 14: Eurobattery Minerals AB
Eurobattery Minerals AB Contact & Directions: Partners: [email protected] Strandvägen 7A 114 56 Stockholm Sweden Investor Relations: [email protected] Press: Stock Exchange: [email protected] Follow us on: http://mdweb.ngm.se/MDWebFront/detailview.html?locale=en_US&order
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