Kuniko Ltd. · ASX:KNI
Kuniko — Spark+ Metals & Mining Day 2022
33 slides from Kuniko's conference presentation, Mar 3, 2022
Slide 1: Spark+ Metals & Mining Day
For personal use only Spark+ Metals & Mining Day 03 March 2022 ASX: KNI
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation has been prepared by Kuniko Limited (ASX:KNI). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in KNI. This pre
Slide 3: Europe needs a lot of battery metals
For personal use only Europe needs a lot of battery metals… >500 GWh battery manufacturing capacity by 2030 to supply electric vehicle (EV) market ESG Per annum, this equates to approximately: • 100,000 tonnes of cobalt • 315,000 tonnes of nickel • 800,000 tonnes of copper compliant? 3
Slide 4: Low CO2 footprint, ethically sourced, responsibly operated
…with low CO2 footprint …ethically sourced …responsibly operated EU Battery Regulation For personal use only E S G Kg of material produced Cu Co Ni CO2 Emissions per 5kg CO2 11kg nvironment CO2 13kg ocial overnance CO2 Combined, this EU Cu-Ni-Co metal ▪ Current strong ethical traceability 1 requirem
Slide 5: Sustainably developed
…sustainably developed United Nations Sustainable Development Goals For personal use only Navigating the transition to a low-carbon, resilient and resource- efficient economy revolution EU Taxonomy 'https://www.freepik.com/photos/business'>Business photo created by gpointstudio - www.freepik.com</a>
Slide 6: Aligned with EU Battery Regulation
…aligned with EU Battery Regulation For personal use only EU Regulation Article 7: Requires carbon intensity labelling of new EV batteries From 1 January 2026, lithium-ion batteries will have to bear a carbon intensity performance class label and from 1 July 2027, must comply with maximum carbon foo
Slide 7: Our Solution
Our Solution For personal use only Developing projects in Europe, for Europe. ETHICAL sourcing ensured. 100% commitment towards electrified, net ZERO CARBON footprint throughout exploration and development. Operations in Norway, where ~95% of electricity comes from RENEWABLE sources. 7
Slide 8: Proximity to the Fastest Growing Battery Market
Proximity to the Fastest Growing Battery Market Brandenburg, 2021 Brandenburg, 2021 For personal use only At least 20GWh RAMP UP TO 8-12 GWh Salzgitter, 2025 Bitterfeld, 2022 40GWh 16 GWh Spain, Eastern Europe, etc. Wroclaw, 2018 800GWH BATTERY x80 4x40GWh 6 GWh, LATER 70 GWh Erfurt, 2022 Konin, 202
Slide 9: Norway – Active Mining Jurisdiction & Leader in Renewable Energy
Norway – Active Mining Jurisdiction & Leader in Renewable Energy For personal use only “I think it is urgent to find out what is hiding under the surface in Norway. Not just for battery factories, but really for all industry and everything Active mining jurisdiction around the green shift. We have b
Slide 10: Pathway to Net Zero
Pathway to Net Zero Overview of Net Zero Impact Strategy For personal use only STRATEGIC Retrospective GOAL impact Co2 Audit Initial LCA Net Zero CO2 impact across Prospective impact Mine LCA Forecast Scenario Analysis Exploration, Software Capability Capability Project Development & Potential Conce
Slide 11: Scandinavia, an Electrifying Leader in Mining
Scandinavia, an Electrifying Leader in Mining At the forefront of the electrified mining revolution For personal use only Benefits of mine fleet electrification Sandvik battery powered underground hard rock mining equipment offering ▪ Improved air quality with no exhaust gases ▪ Equipment is lighter
Slide 12: Cobalt Fundamentals
Co Cobalt Fundamentals March 1, 2022: “DRC Court Temporarily Halts China Molybdenum’s Control Over For personal use only i Massive Tenke Fungurume Cobalt Mine” Source: https://chinaafricaproject.com/2022/03/01/drc-court-temporarily-halts-china-molybdenums-control-over-massive-tenke-fungurume-cobalt-
Slide 13: Nickel Fundamentals
Ni Nickel fundamentals For personal use only Global Nickel Market Balance (kt) 50% Nickel – Battery Estimated Carbon Footprint Source: Wood Mackenzie Market Share (%) Tons CO2/ton Refined Ni produced Source: Wood Mackenzie 80 69 70 60 100 2020 2025 2030 50 45 25% 40 825 30 27.5 20 10 7.19 2,000 0 0%
Slide 14: Copper Fundamentals
Cu Copper fundamentals Annual Copper in EVs and ICE vehicles For personal use only Copper content by vehicle type 4.0 EV ICE Annual Copper Consumption (Mt) ICE 22Kg 3.0 HEV 40Kg 2.0 EV 83Kg Source: Reuters 1.0 0.0 5Mt 2020 2030 2040 Source: Wood Mackenzie Almost 5Mt CO2 to be emitted per annum for c
Slide 15: Nord-Helgeland
For personal use only Nord-Helgeland 15
Slide 16: Skuterud Cobalt Project
Co Skuterud Cobalt Project For personal use only The historical home of cobalt production Exploration Licenses – Skuterud Project ▪ Skuterud: Over 1 million tonnes of cobalt ore mined* from 1773-1898, the world’s largest cobalt producer and Norway’s largest company at the time ▪ The Skuterud license
Slide 17: Skuterud Cobalt Project – Maiden drilling
Co Skuterud Cobalt Project For personal use only Maiden drilling to commence with 3 highly prospective targets Døvikkollen B Locations of the 3 maiden drill targets ▪ Maiden 7-hole drill campaign planned for Q2’22, with ~ 2,800 meters of diamond drilling anticipated over 3 highly prospective locatio
Slide 18: Ringerike Battery Metals Project
Cu Ni Co Ringerike Battery Metals Project For personal use only Ringerike acquired Oct’21 * - prospective for mineralisation of battery metals Exploration Licenses – Ringerike Project ▪ South-central Norway location, 15 km northeast of the Skuterud cobalt-copper project. ▪ Contains the historic Erte
Slide 19: Ringerike – Evaluation of Ertelien Mine & 2022 Exploration
Cu Ni Co Ringerike Battery Metals Project For personal use only Evaluation of Ertelien Mine & 2022 Exploration Activity ▪ A significant inventory of historical drill core for the Ertelien deposit is available and accessible at Norway’s core storage facilities ▪ A program is planned to review the Ert
Slide 20: Copper Projects
Cu Copper Projects For personal use only High grades, rich history of production Exploration Licenses – Vangrøfta, Undal, Nyberget Vangrøfta: ▪ Historical Fredrik IV Mine - 30 years of small tonnage production up to 1908 @ 6% Cu grade*. ▪ Sampling by Kuniko yielded up to 16.75% Cu, 3.33g/t Au and 0.
Slide 21: Feøy Nickel Project
Ni Feøy Nickel Project For personal use only High grade, historical nickel production Exploration Licenses – Feøy Project ▪ Feøy Project: historical Ni-Cu mining district, contains Vigsnes and Feøy mines, an advantaged location ~ 60 km’s from Norway’s oil capital of Stavanger Excellent infrastructur
Slide 22: Nord-Helgeland Project
Nord-Helgeland Project For personal use only Strategic expansion into underexplored pegmatite field, prospective for battery and technology metals * Exploration Licenses – Nord-Helgeland Project ▪ Largely unexplored though known to contain identified Lithium-Cesium- Tantalum (“LCT”) pegmatites and a
Slide 23: Nord-Helgeland Reconnaissance & 2022 Exploration Activity
Nord-Helgeland Project For personal use only Reconnaissance visit at Nord-Helgeland & 2022 Exploration Activity ▪ Exploration Activity: ▪ An initial field reconnaissance was completed in early October ’21 and concluded the Nord-Helgeland project is prospective for pegmatites and additional explorati
Slide 24: Highlights & Overview of Exploration Activities
Highlights & Overview of Exploration Activities For personal use only 2021 2022 Q3 Q4 Q1 Q2 Q3 Q4 ✓ KUNIKO LAUNCHED, ✓ INITIAL ✓ DRILL TARGETS ▪ MAIDEN DRILLING AT COBALT PROJECT EXPLORATION ✓ EXPLORATION ✓ PROJECT ▪ EXPLORATION ACTIVITY ACROSS MULTIPLE PROJECT SITES RESULTS ACTIVITY STARTS PRIOTISA
Slide 25: Corporate Snapshot
Corporate Snapshot For personal use only Shares on issue and market capitalisation Top shareholders Shares on issue (ASX: KNI) 56.48M Vulcan Energy Resources Limited 24.34% Share Price A$0.75 Entities associated with Gavin Rezos 6.92% Market cap (undiluted) A$42.36M Other securities Options on issue
Slide 26: Kuniko Team
Kuniko Team For personal use only Gavin Rezos Antony Beckmand Brendan Borg Maja Mcguire Birgit Liodden Dr. Liz Thompson Chairman CEO Non-Executive Director Non-Executive Director Non-Executive Director Consultant Geologist / Project Manager ▪ Executive Chair/CEO ▪ Over 25yr experience in ▪ Consultan
Slide 27: Kuniko Investment Highlights
Kuniko Investment Highlights For personal use only Attractive Portfolio of Scandinavian Battery Metals Projects ▪ Exposure to bullish long term commodity outlook for high value battery minerals ▪ Low risk jurisdiction with strong regulatory framework and rich mining history ▪ Cobalt & Nickel supply
Slide 28: Kuniko – Zero Carbon Battery Metals
KUMNIKO ZERO CARBON BATTERY METALS™ ia
Slide 29: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Undal 101 1059/2018 Kuniko Norge AS Granted 05-Jul-2018 10.00 Undal 102 1058/
Slide 30: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Glomfjord 1 0461/2021 Kuniko Norge AS Granted 28-Sep-2021 6.00 Glomfjord 2 04
Slide 31: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Ringerike 1 0435/2021 Kuniko Norge AS Granted 24-Sep-2021 10.02 Ringerike 2 0
Slide 32: Appendix 2: References
Appendix 2: References For personal use only Slide Reference Source CO2 Emissions per Journal of Sustainable Mining – 2019 -Life cycle assessment of cobalt extraction process - Shahjadi Hisan Farjana, Nazmul Huda∗, Slide 4 Kg of material produced, Copper, Cobalt M.A. Parvez Mahmud CO2 Emissions per
Slide 33: Kuniko – Zero Carbon Battery Metals
KUMNIKO ZERO CARBON BATTERY METALS™ ia