Metals One Plc · LSE:MET1
Metals One — IPO Roadshow (July 2023)
19 slides from Metals One's IPO roadshow presentation, July 2023
Slide 1: Defining battery metal resources in Europe, for Europe
Defining battery metal resources in Europe, for Europe AIM: MET1
Slide 2: Disclaimer
Disclaimer These presentation slides have been prepared by and are the sole responsibility of Metals One plc (“Metals One” or “the Company”). The directors of the Company have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge or belief. The info
Slide 3: AIM IPO raise, price and market cap
£2.2m 5p £1.7m AIM IPO Raise IPO Price Net proceeds 31 July 2023 of raise On Admission Number of shares Approximately in issue £10.4m 208,450,000 £9m Market Cap Exploration Carry Exposure 2
Slide 4: Investing in battery metals
Investing in battery metals Battery metals are underpinning the energy transition Demand for nickel is forecast to outstrip supply Metals One provides exposure to European brownfield projects, with approximately £9m of exploration carry exposure Metals One projects: o Finland: Inferred Resource 28.1
Slide 5: Nickel supply deficit
Nickel supply deficit 1.6 Mt new nickel supply needed by 2040 Nickel price chart Nickel price trending upwards over past 5 years driven by industrial demand and supply constraint 30,000 $25,000/tonne* Supply deficit 25,000 Metals One negotiates Price (US$ per tonne) options to acquire nickel project
Slide 6: EV market driving demand
EV market driving demand Growth driven by: o Policy promoting EV adoption o Investments by automotive OEMs o Decreasing battery prices 10.5 million EVs sold in 2022 o OEMs bidding to operate own nickel mines EU leading the way: 2.6m… >3,000%... 10%... …new EVs …increase in EU …target of annual EU re
Slide 7: Finland - Black Schist Projects
Finland - Black Schist Projects Adjacent to Europe’s largest operating nickel mine o Inferred Resource 28.1 Mt Ni-Zn-Cu-Co, plus additional exploration targets, in Kainuu Schist Belt, eastern Finland o Analogous to nearby large Talvivaara Ni-Zn-Cu-Co operation o Bluejay Mining to assist in project m
Slide 8: Finland - Black Schist Projects
Finland - Black Schist Projects Existing JORC resource already established with demonstrated exploration potential Rautavaara S (R1) - JORC (2012) Inferred Mineral Resource of 28.1 Mt of Talvivaara type ore at 0.19% Ni (53,800t), 0.10% Cu (27,900t), 0.01% Co (3,400t) and 0.38% Zn (180,000t) Paltamo
Slide 9: Finland - Talvivaara deposit
Finland - Talvivaara deposit Metals One targeting similar style and sized mineralisation at Paltamo and Rautavaara as that found at Talvivaara o Talvivaara is a large Ni-Zn-Cu-Co deposit in proximity to Metals One’s Paltamo and Rautavaara projects operated by global chemicals company Terrafame (www.
Slide 10: Finland – exploration sequence
Finland – exploration sequence* MOBILISATION & INITIAL DATA COMPILATION, GEOPHYSICAL & DRILL & MOBILISATION – DIAMOND DRILLING – EQUIPMENT PURCHASES MODELLING & REVIEW GEOCHEMICAL SURVEYS PREPARATION RAUTAVAARA RAUTAVAARA DIAMOND DRILLING DRILL PREPARATION & ADDITIONAL LICENCE – PALTAMO MOBILISATION
Slide 11: Norway – Råna Ni-Cu-Co Project
Norway – Råna Ni-Cu-Co Project Brownfield exploration of Råna intrusion – fully carried o Proven potential for massive sulphide Ni-Cu-Co mineralisation - disseminated and net textured/semi-massive to massive nickel and copper sulphide mineralisation phases have been identified within the Råna intrus
Slide 12: Norway – exploration news catalysts
Norway – exploration news catalysts Kingsrose commenced drilling in July 2023 o Audio Magnetotelluric (AMT) geophysical surveys to be carried out, exploring conductive bodies from surface to >600m deep – potentially hosting significant sulphide mineralisation o Airborne magnetic geophysical surveys
Slide 13: Board
Board Non-Executive Chairman Chief Executive Officer Chief Financial Officer Alastair Clayton Jonathan Owen Daniel Maling o Corporate financier and geologist with over 30 years’ o Mining engineer with over 10 years’ experience in o Corporate financier with over 20 years’ experience experience in min
Slide 14: Right metals, right location, right time
Right metals, right location, right time Battery metals Compelling Europe focus – Approx £9m of Experienced AIM IPO value linked to supply/demand close to fast- multi-project management 31 July 2023 decarbonisation deficit emerging growing end exploration carry with in-country market exposure expert
Slide 15: Contact
Orana Corporate LLP Central Working Victoria, 25 Eccleston Place, London SW1W 9NF info@metals-one.com Shard Capital Ltd (Broker) – Damon Heath SI Capital Ltd (Broker) – Nick Emerson Follow us on social media linkedin.com/company/metals-one-plc @Metals_one
Slide 16: Appendix
APPENDIX
Slide 17: Finland farm-in terms
Finland farm-in terms o £1m of initial exploration and development funded by Gunsynd (AIM: GUN) through farm-in for up to 25% o Following investment, Gunsynd will gain 25% of voting rights in FinnAust Mining Northern OY, which holds the Black Schist Projects o Beginning on Metals One’s admission, Gu
Slide 18: Norway farm-in terms
Norway farm-in terms o Farm-out agreement between Kingsrose Mining (ASX: KRM) and Completion Milestone Råna project-holder Scandinavian Resource Holdings (SRH) (which Metals One will acquire prior to AIM admission) Stage 1 (for Incorporation of JV Company with issued o Kingsrose to earn up to 75% ov
Slide 19: ESG
ESG o Energy transition will be built with nickel, copper, aluminium, cobalt, and lithium o We will identify and responsibly mine those metals driving the transition o Europe focused miner – committed to high standards of environmental and social responsibility and sound governance o In practice, th