Nickel Industries Limited · ASX:NIC
Nickel Industries — Merger or Acquisition (August 2024)
10 slides from Nickel Industries's merger presentation, Aug 26, 2024
Slide 1: Acquisition of World Class Nickel Portfolio
Nickel Industries Limited (ASX:NIC) Resource Acquisition Announcement August 2024 For personal use only Acquisition of World Class Nickel Portfolio
Slide 2: Important legal information
Important legal information This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (“NIC”). The information contained in this presentation For personal use only is for information purposes only and has been prepared for use in conjunction with a verbal presentation and
Slide 3: Sampala project overview
Sampala project overview Acquisition of three highly prospective, advanced, contiguous nickel IUPs covering 6,654ha and initial JORC 2012 For personal use only compliant resource of 2.3 million tonnes of contained nickel metal Sampala Project location in relation to IMIP, HM and SCM • Nickel Industr
Slide 4: Strategic rationale for the Sampala Project acquisition
Strategic rationale for the Sampala Project acquisition World class nickel portfolio with five key value drivers For personal use only World class nickel resource, with significant resource potential upside (only 20% of the prospective mapped laterite drilled) Advanced project with strategic locatio
Slide 5: NIC will hold one of the largest nickel resource portfolios globally
NIC will hold one of the largest nickel resource portfolios globally Sampala Project will increase NIC’s total contained nickel metal resources to 5.9 million tonnes For personal use only 3.3% 3.0% Bubble size represents contained nickel metal in million tonnes (Resource 2.7% tonnage multiplied by n
Slide 6: Advanced project in close proximity to the Company's IMIP operations
Advanced project in close proximity to the Company’s IMIP operations Location and progress is key with the Sampala Project For personal use only Sampala Project location in relation to IMIP and BDM haul road • NIC has already acquired 7,192ha of land • Progress towards mine development underway with
Slide 7: Self sufficient and fully integrated nickel operations
Self sufficient and fully integrated nickel operations Sampala Project will ensure NIC becomes fully self sufficient for IMIP operations, providing all stakeholders with For personal use only traceability of nickel ore supply Current NIC IMIP annual processing production and mine supply mix Future N
Slide 8: Attractive acquisition price compared to recent nickel acquisitions
Attractive acquisition price compared to recent nickel acquisitions Implied acquisition multiple of US$39/t contained nickel metal, well below recent nickel resource acquisitions For personal use only Implied resource multiples of recent Indonesian acquisitions Implied acquisition multiple of Sampal
Slide 9: Acquisition expected to drive compelling shareholder returns
Acquisition expected to drive compelling shareholder returns Hengjaya Mine is a benchmark for future development of the Sampala Project For personal use only Production Capex EBITDA Hengjaya Mine 12 million wmt 1 US$50m 2 ~US$170m 3 Sampala 12 million wmt <US$50m Project Notes 1) FY24 target product
Slide 10: For more information, please contact
Nickel Industries Limited (ASX:NIC) For personal use only For more information, please contact: Justin Werner Managing Director jwerner@nickelmines.com.au +61 2 9300 3311 Cameron Peacock Investor Relations and Business Development cpeacock@nickelindustries.com +61 439 908 732 www.nickelindustries.co
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