Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Shareholder Meeting (October 2023)
18 slides from Sunrise Energy Metals's shareholder meeting presentation, October 2023
Slide 1: Metals for the energy transition
Metals for the energy transition Annual General Meeting October 2023
Slide 2: Cautionary statement
Cautionary statement Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, pe
Slide 3: Sunrise Project
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Slide 4: Sunrise Battery Materials Complex
Sunrise Battery Materials Complex Resource Sunrise Ni-Co-Sc 1Mt Ni, 160kt Co and 30kt Sc deposit 50-year mine life (avg c. 1.75% NiEq yr 1-10) Development-ready Permitted, excellent community support BFS and piloting complete, mining lease granted Products Ni/Co sulphate and scandium C1 cash cost -$
Slide 5: How Sunrise delivers value
How Sunrise delivers value ESG Supply chain Geopolitics Designed to run on 100% renewable Integrated mining-to-refining reduces Australia is a safe and stable power supply chain fragmentation and avoids jurisdiction for development offshore processing Approximately 60% of the operation’s G
Slide 6: Large ore body with low mining risk
Large ore body with low mining risk • A shallow deposit (40m depth) with simple, free- dig mining • Enough nickel and cobalt to support c. 1.2 – 1.6TWh of battery production capacity over the life of mine • A single ore body that can be processed with minimal ore transport 6 Scale illustration demon
Slide 7: Bankable feasibility study results – first 25 years
Bankable feasibility study results – first 25 years Annual Production1 Returns Capex and Payback Nickel: 21.3 ktpa NPV8: US$1.2 billion US$1.8 billion Cobalt: 4.4 ktpa IRR: 15.4% <5 years Cash Flow Cash Cost Mine Life EBITDA: US$10.8 billion Negative US$0.80/lb Ni after 50-year mine life Avg FCF (po
Slide 8: Sunrise plant layout
Sunrise plant layout • Conventional 4th Gen PAL design – numerous projects are being delivered successfully and quickly Refining • Sunrise design and engineering was supported by Fluor and ENFI as the Metal extraction lead FEED design and engineering contractors • The refinery incorporates a recycli
Slide 9: Procurement and pre-construction activities
Procurement and pre-construction activities • Procurement on long-lead items has commenced, with two autoclaves (>3mtpa capacity) delivered to Australia • Option to readily increase PAL feed by ~20% against current plan based on autoclave capacity • Capital for de-bottlenecking in Yr4 is estimated a
Slide 10: Emissions profile
Emissions profile Carbon intensity of nickel production (Scope 1-3) (kg CO2 / kg Nickel in sulphate) • Approximately 60% of Sunrise’s power requirements are Nickel Pig Iron (EAF) supplied from co-gen at the acid plant – the balance from renewable power Nickel Pig Iron (RKEF) • HPAL is relatively car
Slide 11: By 2030 there will be approx. 200Mtpa of tailings waste from nickel hydromet operations
• By 2030 there will be approx. 200Mtpa of tailings waste from nickel hydromet operations, in a region prone to earthquakes, high rainfall and direct community impacts • Local fisheries are already significantly impacted • The mining industry has been here before: Ok Tedi, Grasberg, Ramu, Bougainvil
Slide 12: The US battery landscape by 2030
The US battery landscape by 2030 By 2030: • there will be ~30 cell manufacturing plants in the US supporting auto assembly, • these plants will have a nameplate capacity of c. 980GWh pa, and • this supports production of 10m EVs annually, equivalent to total US light vehicle production in 2022 These
Slide 13: Nickel and cobalt determines IRA eligibility
Nickel and cobalt determines IRA eligibility Gr • The US Inflation Reduction Act (16%) grants up to $3,750 per electric vehicle as a tax rebate for batteries Cu (12%) containing a minimum % by value IRA Qualifying Percentages for Critical Minerals of “Constituent Materials” that are 2023 2024 2025 2
Slide 14: Nickel is a problem for the US
Nickel is a problem for the US • The US must acknowledge its geological constraints and prioritise Nickel ore reserves and mineral resources (mt contained Ni) • Exploration is important but will take decades to deliver – the US must work with its allies Australia 13.5 • Nickel laterite resources are
Slide 15: The IRA – building a house with no foundations?
The IRA – building a house with no foundations? North American EV supply chain spending announced since passage of Inflation Reduction Act ($ billion) Battery manufacturing 42.8 EV manufacturing 11.2 Battery component production 8.4 Multiple categories 4.4 Battery recycling 3.5 Raw materials 1.3 Sou
Slide 16: Investment summary
Investment summary Australia’s most advanced nickel-cobalt-scandium project with a 50-year mine life Fully integrated from mine to battery chemicals with an average annual metal-equivalent production of 21.3kt of nickel and 4.4kt of cobalt (as sulphate) Sustainably designed to operate on 100% renewa
Slide 17: Corporate snapshot
Corporate snapshot Board Senior Management Robert Friedland Jiang Zhaobai Sam Riggall Eric Finlayson Stefanie Loader Trevor Eton Ben Stockdale Melanie Leydin Co-chair & Non- Co-Chair and Non- Managing Director Non-Executive Lead Independent Non-Executive Chief Financial Company Secretary Executive D
Slide 18: Corporate Investors
Corporate Investors Ben Stockdale (CFO) Craig Sainsbury +61 3 9797 6700 craig.sainsbury@automiocgroup.com.au
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