Nico Resources Limited · ASX:NC1
Nico Resources — Paydirt: Australian Nickel Conference 2022
19 slides from Nico Resources's conference presentation, Oct 5, 2022
Slide 1: Transforming The Australian Nickel Industry
For personal use only “Transforming The Australian Nickel Industry” Paydirt: Australian Nickel Conference 5-6th October 2022 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: Acknowledgment of Country
For personal use only ACKNOWLEDGMENT OF COUNTRY Welcome to country NiCo acknowledges the Traditional Custodians of the lands upon which we operate, the Pitjantjatjara, Ngatatjara & Nakako peoples. We recognise their unique cultural heritage, beliefs and connection to these lands, waters and communit
Slide 4: Wingellina Key Points
WINGELLINA KEY POINTS 1 Resources - Globally Significant Tier 1 For personal use only ~2Mt of Nickel ~154kt of Cobalt Australian Critical Minerals Listed Project 2 Approvals – Mining and infrastructure agreement signed. EPA approval granted 3 Mining – Free dig, very low strip ratio, mining costs les
Slide 5: The Global Gigafactory Pipeline to 2030
THE GLOBAL GIGAFACTORY PIPELINE TO 2030 And the squeeze on raw commodity supply For personal use only Raw material supply for a ~30GWH NCM Factory Global Gigafactory Growth Profile Graphite GWh Lithium(t) Nickel(t) Cobalt(t) Manganese(t) Anode(t) 30 25,000 19,000 6,000 9,000 33,000 May 2022 304 Nort
Slide 6: 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 7: Global Nickel Production & Reserves in 2020
GLOBAL NICKEL PRODUCTION & RESERVES IN 2020 For personal use only Sulphide Production Ore Laterite Production Ore Domestic Nickel Production in Tons Domestic Nickel Reserves in Tons Share of World Production Share of World Reserves Data source: U.S Geological Survey, Mineral Commodity Summaries Janu
Slide 8: Largest Undeveloped Global Nickel Reserves
LARGEST UNDEVELOPED GLOBAL NICKEL RESERVES Contained NiEq Tonnes Central Musgraves Project For personal use only 3,500 Brazil/China/Cuba/Coral Triangle/Russia (8) 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 9: Australian Nickel Laterite Resources
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, Australia Murrin M
Slide 10: 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 11: 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 11
Slide 12: Wingellina Study Summary
WINGELLINA STUDY SUMMARY 2008 PFS Results Late stage development or For personal use only 100% 475 producing primary nickel projects globally Nickel Cobalt Nickel Cobalt Mineral Reserve US$20K US$45K Recovery Recovery 168Mt = 42 Years FX 92% 89% Ni 0.93% 0.85 Co 0.07% Pre production assets located i
Slide 13: Significant Exploration Upside
SIGNIFICANT EXPLORATION UPSIDE 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 resou
Slide 14: 2022 Key Deliverables
2022 KEY DELIVERABLES For personal use only 1 Completion of our 10,000m Drill Program • Wingellina H.G Delineation • Lewis Calcrete Resource Delineation • Mann Fault Paleochannel 2 Completion of Pre-Feasability Study 3 Design Renewable Power Supply Feasibility Study 4 Design pCAM feasibility study 1
Slide 15: Timeline
TIMELINE Dec ‘22 2023 Jan ’23 Mar ‘23 Jun ‘23 Sep ‘23 Dec ‘23 2024 Jan ‘24 For personal use only PFS Refresh Commence and complete DFS/B.F.S Feasibility Workstreams Detailed Engineering & Design Project Funding Strategy HG Cobalt Reserve Drilling - Wingellina Regional Resource Drilling - Calcrete Ex
Slide 16: 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 17: Capital Structure
CAPITAL STRUCTURE 12,000 1.7 For personal use only 10,000 A$46 million 1.5 1.3 8,000 Volume (000s) Market Capitalisation1 1.1 A$/sh 6,000 0.9 4,000 0.7 0.5 2,000 0.3 0 19-Jan-22 19-Feb-22 19-Mar-22 19-Apr-22 19-May-22 19-Jun-22 19-Jul-22 19-Aug-22 19-Sep-22 A$10 million Cash1 Board & Management Non-
Slide 18: Transforming The Australian Nickel Industry
For personal use only “Transforming The Australian Nickel Industry” 18
Slide 19: 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
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