Kuniko Ltd. · ASX:KNI
Kuniko — Shareholder Meeting (May 2024)
24 slides from Kuniko's shareholder meeting presentation, May 27, 2024
Slide 1: AGM Presentation May 2024
For personal use only ASX: KNI AGM PRESENTATION MAY 2024 @ Kuniko 2024 | 1
Slide 2: Disclaimer
DISCLAIMER 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 For personal use only of any securities in KNI. This pre
Slide 3: ASX Listed (ASX: KNI)
For personal use only ASX Listed (ASX: KNI) GULLVÅG 30 29 Cu Zn UNDAL-NYBERGET 29 30 Cu Zn VÅGA ERTELIEN PROJECT 29 27 30 23Mt Mineral Resource Cu Co Zn ▪ 1065 km2 exclusive exploration rights in Norway 28 Ni 27 Co 29 Cu ▪ Advanced brownfield Copper-Nickel-Cobalt licenses RINGERIKE STORA FLATEN in s
Slide 4: Corporate Overview
86.4m A$0.22 A$19.0M Shares on Issue (ASX:KNI) Share price Market cap (undiluted) For personal use only A$5.5M 5.9M 3.3M Cash (31 Mar. ‘24) Options on issue Performance rights CORPORATE ▪ Stellantis, one of the world’s leading automakers, is the OVERVIEW largest shareholder at 19.4% ▪ Offtake for 35
Slide 5: Executive Management and Board Members
For personal use only EXECUTIVE MANAGEMENT Antony Beckmand Mona Schanche CEO COO BOARD MEMBERS OUR PEOPLE Gavin Rezos Brendan Borg Bruno Piranda Birgit Liodden Maja McGuire Chairman Non-Executive Non-Executive Non-Executive Non-Executive Director Director Director Director EXTENSIVE EXPERIENCE @ Kun
Slide 6: Foundational Year
FOUNDATIONAL YEAR Progress over the last year has enabled a platform for rapid value creation For personal use only Battery Value Chain Partnership Exploration Success in Norway Strategic Project Prioritisation Ertelien Exploration Highlights 1 ▪ In Jul. ‘24, Stellantis entered a strategic ▪ Ringeri
Slide 7: Sustainability Journey
SUSTAINABILITY JOURNEY ▪ Continued commitment to net-zero carbon footprint. ▪ Independent audit of Greenhouse Gas Emissions (GHG) from exploration activities and For personal use only transparent reporting of impacts. ‐ GHG emissions for Kuniko’s 2023 exploration activities are around 406.6 t CO 2 e
Slide 8: Sustainability Journey
SUSTAINABILITY JOURNEY For personal use only ▪ Leading a battery value chain seminar for Norwegian Parliament, bringing together around 90 politicians and representatives from the minerals and battery industry. ▪ Broad political and governmental engagement on local and national levels. Community & ▪
Slide 9: Market Outlook
MARKET OUTLOOK Copper Nickel Cobalt Graphite Lithium For personal use only Demand increase 2020 vs. 2050 1 3x 4x 6x 9x 23x +45 Mt +6600 kt +665 kt +8300 kt +7650 kt New mines required by 2050* 130 160 130 150 170 (1) Source: Systemiq.earth; Critical Raw Materials for the Energy Transition in the EU
Slide 10: Europe Is Mobilising to Secure Future Access to Sustainable Critical Raw Materials
EUROPE IS MOBILISING TO SECURE FUTURE ACCESS TO SUSTAINABLE CRITICAL RAW MATERIALS Critical Raw Materials Act – Effective as of 23 May 2024 Other initiatives include For personal use only EU-NORWAY 10% 40% PARTNERSHIP extracted in Europe processed in Europe strategic partnership on sustainable land-
Slide 11: Norway's Battery and Mineral Strategies
NORWAY’S BATTERY AND MINERAL STRATEGIES AIM AT A STRONG & SUSTAINABLE BATTERY VALUE CHAIN NORWEGIAN GOVERNMENT’S For personal use only STRATEGIES FOR BATTERIES AND RAW THE BATTERY VALUE CHAIN CAN BECOME MATERIALS NORWAY’S NEXT BIG INDUSTRY Streamlining licensing processes to make them more efficient
Slide 12: Ertelien Project
OPERATIONS UPDATE Ni Cu Co Ertelien Project Nickel Copper Cobalt For personal use only North Sea Access Oslo Airport Oslo Capital Drammen Sea Port Ringerike Ni-Cu-Co trend @ Kuniko 2024 | 12 Source: Google Earth
Slide 13: Ertelien Project
OPERATIONS UPDATE Ni Cu Co Ertelien Project Nickel Copper Cobalt For personal use only Historic mine site Ertelien Ni-Cu-Co deposit area 98% renewable electric grid Ertelien Ni-Cu-Co Deposit @ Kuniko 2024 | 13 Source: Google Earth
Slide 14: Ertelien Project Mineral Resource Estimate
OPERATIONS UPDATE Ni Cu Co Ertelien Project Nickel Copper Cobalt For personal use only ▪ Resource expansion through drilling and historic core logging. ▪ Mineral resource estimate upgrade from Inferred to Indicated. Objectives ▪ Inform decision to proceed to pre-feasibility study. ▪ Drill targeting
Slide 15: Ertelien Project Historic Drill Core Sampling Program
OPERATIONS UPDATE Ni Cu Co Ertelien Project Nickel Copper Cobalt For personal use only • Exploration campaigns between 2006-2008 included 66 drillholes of 16,941 m 1, with historic drill core available at Norwegian Geological Survey’s core storage. • Investigations of historic core shows large areas
Slide 16: Ertelien Project Processing Routes
OPERATIONS UPDATE Ni Cu Co Ertelien Project Alternative 1: Battery Material Production Alternative 2: Nickel Copper Cobalt External Downstream Processing at Mine Site For personal use only • Mineralogical studies (Qemcan/MLA) and flotation test work on Ertelien ore Mining material have commenced, in
Slide 17: Ertelien Project Next 6 Months Exploration
OPERATIONS UPDATE Ni Nickel Cu Copper Co Cobalt Ertelien Project Planned stripped For personal use only bedrock section • A field work program is designed to identify new mineral potential along the under-explored areas of the Ertelien Ground EM intrusion with the intention prepare for future W targ
Slide 18: Ringerike Trend
OPERATIONS UPDATE Ni Nickel Cu Copper Co Cobalt Ringerike Trend For personal use only ▪ Investigate potential for district scale mineralisation for long-term Ni-Cu-Co production. Objectives ▪ Advance geological interpretation for conduit style deposit setting along the Ringerike trend, similar to th
Slide 19: Skuterud Cobalt Project
OPERATIONS UPDATE Co Cobalt Skuterud Cobalt Project For personal use only ▪ Assess size and mineralisation style to evaluate potential for economic extraction. Objectives ▪ Geological interpretations and modelling of mineralisation to inform ore-forming processes and system model for further targete
Slide 20: Trøndelag Copper Projects
OPERATIONS UPDATE Cu Copper Zn zinc Trøndelag Copper Projects For personal use only ▪ Exploration is targeting geology highly prospective for large VMS-style Cu-Zn deposits. Objectives ▪ Targets are supported by geophysical and geochemical anomalies • Region prospective for copper-rich Volcanogenic
Slide 21: Sweden Lithium Projects
OPERATIONS UPDATE Li Lithium Sweden Lithium Projects Lidar Data For personal use only ▪ Assess prospectivity with the application of modern exploration techniques. Objectives ▪ Evaluate project potential to inform further exploration plans. • Reconnaissance work in 2023 included assays of 11 rock sa
Slide 22: Elevating Exploration into Sustainable Battery Metals Production
ELEVATING EXPLORATION INTO SUSTAINABLE BATTERY METALS PRODUCTION Ertelien Ni-Cu-Co Project Development Plan For personal use only Resource Definition Feasibility Evaluations Mine Development Mine Operations Next 6-12 months 2025-2026 2027-2029 2030 ▪ Geophysical target generation ▪ Mine options eval
Slide 23: Summary
SUMMARY • Healthy cash position: A$5.5m (at 31 Mar. ‘24) Capital • Tight share register with > 60% held by top 20 structure • Largest shareholder at 19% is world leading automaker Stellantis For personal use only • 100% pure battery metals focus, crucial for meeting energy transition goals Project •
Slide 24: For personal use only
For personal use only www.kuniko.eu Level 4, Schweigaards Level 28, AMP Tower, Antony Beckmand Mona Schanche info@kuniko.eu gate 14 140 St Georges Terrace CEO COO post@kuniko.eu 0185 Oslo, Norway Perth WA 6000 abe@kuniko.eu msc@kuniko.eu +47 920 47 519 +47 922 81 253 @ Kuniko 2024 | 24