Alliance Nickel Limited · ASX:AXN
Alliance Nickel — Investor Presentation (September 2022)
24 slides from Alliance Nickel's investor presentation, Sep 29, 2022
Slide 1: NiWest Project: Leading the way in Ni-Co battery inputs
NiWest Project Leading the way in Ni-Co battery inputs GME RESOURCES LIMITED General Meeting Presentation September 2022
Slide 2: Important notices
Important notices This presentation has been prepared by GME Resources Limited (“GME”) and consists of written materials/slides for a presentation concerning GME. This presentation is a summary only which is current at the date of this presentation. By reviewing/attending this presentation, you agre
Slide 3: Investment Highlights
Investment Highlights One of the highest-grade undeveloped nickel laterite mineral resources in Australia • Reserves: 64.9Mt at 0.91% Nickel and 0.06% Cobalt1 • Resources: 85.2Mt at 1.03% Nickel and 0.065% Cobalt2 Targeting direct production of Class 1 Nickel and Cobalt sulphate Highly strateg
Slide 4: Corporate overview
Corporate overview A clean, tightly held capital structure with a strong and deeply experienced leadership team Capital structure Board and key management ASX ticker GME Peter Sullivan Non-Executive Chairman Share price (27 Sep 2022) A$0.11 Paul Kopejtka Managing Director / CEO Ordinary Shares on is
Slide 5: Board & Management
Board & Management Strong and deeply experienced leadership team Previous experience • Has been involved in management and strategic development of resource companies and projects for more than 20 Non-Executive years Peter Sullivan Chairman • Also a director of Zeta Resources Limited and Panoramic R
Slide 6: Future milestones
Future milestones Future upcoming catalysts aimed at driving shareholder value Event Date Status Updated NiWest PFS outcomes July 2022 Paul Kopejtka appointed Managing Director July 2022 Paul Kopejtka commences as Managing Director September 2022 GME board seek to proceed to a DFS on NiWest Se
Slide 7: A Tier 1 critical mineral inventory
A Tier 1 critical mineral inventory Uncomplicated geology delivers substantial resources and strong scalability o Large, shallow and flat lying structures Global resource (0.8% Ni cut-off): 85Mt at 1.03% Ni and 0.07% Co o Mineralisation near surface and typically 5-30m thick & 100-400m wide 878kt ni
Slide 8: Simple and low cost mining
Simple and low cost mining Ideal mining conditions: shallow and free dig with low strip ratio o Relatively flat lying sheets of shallow mineralisation o Low life-of-mine strip ratio (2.0:1) o Soft, free dig ore with no/minimal blasting requirements o Conventional truck and shovel mining operation o
Slide 9: Located adjacent to significant infrastructure
Located adjacent to significant infrastructure Located in a well established and serviced mining province with a >20 year history of Ni-Co operations including laterite production Glencore’s Murrin Murrin (HPAL) operations <10km from GME controlled JORC Resources “Glencore’s Murrin Murrin mine is no
Slide 10: Heap leaching: A distinct competitive advantage
Heap leaching: A distinct competitive advantage Metallurgy susceptible for heap leach; delivers vastly lower absolute and relative capital cost o Considerably lower capital-cost relative to high pressure acid leach (HPAL) and atmospheric leach (AL) o Significantly lower technical risk vs HPAL/AL o F
Slide 11: Flowsheet design focussed on low risk and low cost
Flowsheet design focussed on low risk and low cost A simple flowsheet utilising ambient temperature and atmospheric pressure requirements Forecast steady-state nickel and cobalt recoveries of 79% and 85% respectively Stage 1 Stage 2 Stage 3 Heap leaching Neutralisation and Fe/Al removal Direct solve
Slide 12: GME strategy to produce Class 1 nickel and cobalt sulphate
GME strategy to produce Class 1 nickel and cobalt sulphate Nickel and cobalt sulphates are important materials for cathodes in the new generation of battery technologies to power clean energy and electric vehicles o Battery makers require Ni and Co metal to be supplied as salts, By producing directl
Slide 13: 2022 Updated PFS Highlights
2022 Updated PFS Highlights Recent updated PFS reflects current cost environment, and confirms robust economics and returns o Long life operation with 27 year initial mine life Financial metric 2022 Updated PFS o Nameplate ore throughput of 2.4Mtpa o Average production profile of 19.2kt pa Ni and 1.
Slide 14: Further value adding avenues
Further value adding avenues Significant value upside opportunities to be pursued in addition to robust PFS 1 Inclusion of Mertondale, Murrin North, Wanbanna, Waite Kauri deposits into NiWest mine schedule: Significant opportunity to deliver further grade profile optimisation and increase the operat
Slide 15: Ni-Co development peers highlight clear re-rating potential
Ni-Co development peers highlight clear re-rating potential GME and the NiWest project offer high quality project leverage to nickel and cobalt market tightening Company ASX code GME SRL ARL NC1 AUZ Market Capitalisation as at 27 $66m $248m $149m $53m $33m September 2022 Flagship Ni-Co project NiWes
Slide 16: GME's offtake and partnership strategy
GME’s offtake and partnership strategy Discussions with various end users about potential investment and future offtake agreements advancing o GME continually assesses strategic options and is in ongoing preliminary discussions with various industry participants interested in off-take and/or investm
Slide 17: Summary: Compelling leverage to nickel and cobalt battery inputs
Summary: Compelling leverage to nickel and cobalt battery inputs Lithium Ion Battery Market Dynamics The GME opportunity Value capture pathway Favourable market dynamics Strong project attributes A low cost mine delivering premium battery inputs > Explosive forecast growth in Li-ion battery + The Ni
Slide 18: Contact
Contact Paul Kopejtka Managing Director GME Resources Ltd +61 8 9336 3388 paulk@gmeresources.com.au www.gmeresources.com.au ASX: GME 18
Slide 19: Appendix
Appendix Supplementary information
Slide 20: Mineral Resource Estimate (at 0.8% Ni cut-off)
Mineral Resource Estimate (at 0.8% Ni cut-off) 20
Slide 21: Mineral Resource Estimate (at 1.0% Ni cut-off)
Mineral Resource Estimate (at 1.0% Ni cut-off) Nickel Cobalt Nickel Cobalt JORC Tonnes Deposit Grade Grade Metal Metal Classification (million) (%) (%) (kt) (kt) Mt Kilkenny Meas, Ind & Inf 15.2 1.20 0.082 182 12.4 Eucalyptus Ind & Inf 15.6 1.15 0.072 178 11.2 Hepi Meas, Ind & Inf 2.2 1.21 0.090 27
Slide 22: Ore Reserve Estimate (at 0.5% Ni cut-off)
Ore Reserve Estimate (at 0.5% Ni cut-off) Initial 27 year processing operation including average head grades of 1.05% Ni and 0.06% Co for first 15 years References: ASX announcement on 2 August 2018 22
Slide 23: Peer references source data
Peer references source data Description Source Exchange Rate – 0.70 AUD:USD Market capitalisation data – Bloomberg as at 27 September 2022 GME Resources – Updated PFS Outcomes for NiWest Nickel-Cobalt Project, 21 July 2022, June Quarterly Activities Report, 26 June 2022 Peer Sunrise Energy Resources
Slide 24: Competent Person(s) statement
Competent Person(s) statement Where GME refers to the NiWest Mineral Resource Estimate and the NiWest Ore Reserve Estimate, as disclosed in an ASX market release on 2 August 2018 and titled “Pre-Feasibility Study Delivers Outstanding Results”, it confirms that it is not aware of any new information
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