Kuniko Ltd. · ASX:KNI
Kuniko — Investor Presentation (February 2024)
37 slides from Kuniko's investor presentation, Feb 29, 2024
Slide 1: Corporate Presentation Highlights
ASX Release 29.02.2024 Corporate Presentation Highlights Developing Copper, Nickel, Cobalt, Lithium and other battery metals projects Kuniko Limited (ASX:KNI) (the Company) is pleased to provide an update of the Ethical Sourcing ensured. Company’s strategy and progress on its portfolio of Scandinavi
Slide 2: Corporate Presentation February 2024
For personal use only ASX: KNI CORPORATE PRESENTATION FEBRUARY 2024 @ Kuniko 2024 | 1
Slide 3: 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 4: Unique market position
UNIQUE MARKET POSITION Well funded with A$6.7M cash as at 31 Dec,’23, capital access, global network, and vertical integration through Vulcan Energy & Stellantis ownership For personal use only HIGH POTENTIAL PORTFOLIO Extensive portfolio of exclusive exploration rights concentrated in low-risk regi
Slide 5: Our strategy: vision, focus, ambition
Vision Emerge as a leading producer of sustainable net zero-carbon battery metals for a greener tomorrow For personal use only We operate in Tier 1 jurisdictions with high ethical and environmental standards, available green energy and stable governments Focus Our target is production of battery met
Slide 6: Corporate structure and ownership
86.4m A$0.22 A$19.0M Shares on Issue (ASX:KNI) Share price Market cap (undiluted) For personal use only A$6.7M 5.6M 1.7M Cash (at 31 Dec. ‘23) Options on issue Performance rights CORPORATE STRUCTURE & ▪ Stellantis, one of the world’s leading automakers, is the largest shareholder at 19.4% OWNERSHIP
Slide 7: Highly prospective licenses in the Nordics
HIGHLY PROSPECTIVE LICENSES IN THE NORDICS • 1065 km2 exclusive exploration rights in Norway • Advanced brownfield Copper-Nickel-Cobalt licenses in southern Norway For personal use only • Promising licenses in mining district renowned for Copper-Zinc deposits in central Norway • Greenfield Lithium e
Slide 8: Battery metals focus
BATTERY METALS FOCUS CRITICAL RAW MATERIALS FOR BATTERY PRODUCTION & GREEN ENERGY TRANSITION For personal use only Copper Nickel Cobalt Lithium FOCUSED & SUSTAINABLE WE ARE COMMITTED TO DELIVERING RAW MATERIALS RESPONSIBLY & SUSTAINABLY ENVIRONMENTAL SOCIAL GOVERNANCE Champion environmental Dedicati
Slide 9: Trust and collaboration with local communities
TRUST AND COLLABORATION WITH LOCAL COMMUNITIES IS CRITICAL FOR KUNIKO’S SUCCESS For personal use only LOCAL PRESENCE ...build local foothold ...establish local offices ...collaborate with local from the start and workforce businesses ...engage with and learn ...showcase our from local and regional p
Slide 10: Kuniko team, board and advisor
KUNIKO TEAM ADVISOR For personal use only Bendikt Steiner Antony Beckmand Mona Schanche Local Team Competent Person 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 D
Slide 11: Rapid growth in global battery demand requires critical raw materials
THE RAPID GROWTH IN GLOBAL BATTERY DEMAND REQUIRES ACCESS TO VAST AMOUNTS OF CRITICAL RAW MATERIALS Global battery production distribution 1 Critical raw materials and the necessary amount For personal use only (TWh) required in EV batteries individually 3 5x 5X 5.1 20kg 29kg 8kg 6kg 52kg increase i
Slide 12: Supply of critical battery raw materials must increase by 2050
THE SUPPLY OF CRITICAL BATTERY RAW MATERIALS WILL NEED TO INCREASE SIGNIFICANTLY BY 2050 TO SERVICE THE BOOMING DEMAND For personal use only Copper Nickel Cobalt Graphite Lithium 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
Slide 13: Geopolitical, ethical and environmental supply risks
GEOPOLITICAL, ETHICAL AND ENVIRONMENTAL SUPPLY RISKS OF CRITICAL RAW MATERIALS FOR THE EUROPEAN UNION Share of Total Production 2022 Top two producers of Cobalt, Copper, Graphite, Lithium and Nickel – (numbers show extraction stage) Risks For personal use only GEOPOLITICAL RISK Russia Nickel – 7% ET
Slide 14: Access to sustainable raw materials is critical to the green transition
For personal use only ACCESS TO SUSTAINBLE RAW MATERIALS IS CRITICAL TO THE GREEN TRANSITION @ Kuniko 2024 | 13
Slide 15: Europe mobilising to secure sustainable critical raw materials
EUROPE IS MOBILISING TO SECURE FUTURE ACCESS TO SUSTAINABLE CRITICAL RAW MATERIALS Critical Raw Materials Act Other initiatives include For personal use only 10% 40% EIP RAW extracted in Europe processed in Europe MATERIALS Stakeholder platform EIP = European Innovation Partnership <65% 15% from a s
Slide 16: Norway's battery and mineral strategies
NORWAY’S BATTERY AND MINERAL STRATEGIES PAVE THE WAY FOR A STRONG & SUSTAINABLE BATTERY VALUE CHAIN For personal use only NORWAY’S STRATEGIES FOR THE BATTERY VALUE CHAIN CAN BECOME BATTERIES AND RAW MATERIALS NORWAY’S NEXT BIG INDUSTRY Streamlining licensing processes to make them more efficient and
Slide 17: Norway can take a leading role in the European battery market
NORWAY CAN TAKE A LEADING ROLE IN THE EUROPEAN BATTERY MARKET Norway has a rich mining history and being underexplored, Large potential for critical raw materials in Norway For personal use only can harbour significant untapped potential for critical raw materials Critical Raw Material occurrences P
Slide 18: Kuniko is well positioned in the Nordic value chain
KUNIKO IS WELL POSITIONED IN THE NORDIC VALUE CHAIN For personal use only MINING SMELTERS & REFINERS BATTERY CELL MANUFACTURERS Graphite Nickel Mining Copper Smelters & refiners Cobalt Gigafactories Lithium @ Kuniko 2024 | 17
Slide 19: Specialized upstream exploration company
KUNIKO IS A SPECIALIZED UPSTREAM EXPLORATION COMPANY FOCUSED ON DEVELOPING BROWNFIELD AND GREENFIELD ASSETS INTO PRODUCTION Upstream Downstream For personal use only Smelting & Cell & battery Battery usage End of life & Exploration Mining refining production recycling Current stage Next stage Stella
Slide 20: Strategy cascaded into actionable initiatives
Kuniko’s strategy is cascaded into actionable initiatives and tagged to overarching ambitions For personal use only ELEVATING EXPLORATION PROJECTS INTO SUSTAINABLE MINING OPERATIONS TO EMERGE AS A LEADING PRODUCER OF NET-ZERO CARBON BATTERY METALS FOR THE GREEN TRANSITION. Exploration Results Minera
Slide 21: Promising portfolio of projects across 4x critical raw materials
KUNIKO HOLDS A PROMISING PORTFOLIO OF PROJECTS ACROSS 4x CRITICAL RAW MATERIALS RINGERIKE SKUTERUD TRØNDELAG SWEDEN For personal use only Stora Flaten Greisen Project Väne Ryr Pegmatite Project • Magmatic region with several • 1 Mt of cobalt ore mined at Skuterud • Region is prospective for copper-r
Slide 22: Project pipeline
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 CONCEPTUAL TARGET DRILL TESTED TARGETS ADVANCED DRILLING PROJECT FEASIBILITY STUDIES DEVELOPMENT & RESOUCE ESTIMATIONS RINGERIKE For personal use only UNDAL- PROJECT PIPELINE NYBERGET GULLVÅG ERTELIEN Kuniko advances its VÅGA SKUTERUD exploration projects with
Slide 23: Ringerike nickel-copper projects
RINGERIKE NICKEL-COPPER PROJECTS BROWNFIELD NICKEL-COPPER MINES & MINE WORKINGS Highlights • The Ringerike region contains several highly prospective Ni mafic intrusions with the potential to host multiple Nickel orthomagmatic massive Nickel-Copper-Cobalt deposits in For personal use only brownfield
Slide 24: Ertelien nickel-copper project
ERTELIEN NICKEL-COPPER PROJECT BROWNFIELD NICKEL-COPPER MINE Highlights • Ertelien is a gabbro-norite intrusion in the Ringerike district with high-grade Nickel and associated high-grade Copper sulphide Ni mineralisation Nickel For personal use only • Ertelien is Kuniko’s most advanced project with
Slide 25: Ertelien nickel-copper project: exploration activities
ERTELIEN NICKEL-COPPER PROJECT BROWNFIELD NICKEL-COPPER MINE Exploration activities • Previous license holder, Blackstone Ventures Inc. (“Blackstone”), Ni completed an exploration campaign between 2006-2008 which included 70 diamond drillholes of 17,417 m1 Nickel For personal use only Cu • Kuniko’s
Slide 26: Ertelien nickel-copper project: planned exploration
ERTELIEN NICKEL-COPPER PROJECT BROWNFIELD NICKEL-COPPER MINE Planned exploration activities • Kuniko is progressing a Mineral Resource Estimate (MRE) using Ni JORC guidelines for Ertelien within April 2024 Nickel For personal use only • Geological modelling has identified three mineralised domains,
Slide 27: Ringerike nickel-copper projects: planned exploration
RINGERIKE NICKEL-COPPER PROJECTS BROWNFIELD NICKEL-COPPER MINES & MINE WORKINGS Planned exploration activities • Ground TEM surveys are planned in March 2024 for selected Ni areas along the Ringerike trend to guide identification of Nickel additional drill targets For personal use only • The Ground
Slide 28: Skuterud cobalt project
SKUTERUD COBALT PROJECT COBALT IN HISTORIC MINING DISTRICT Highlights • Skuterud is a prospective region for cobalt with several cobalt Co occurrences along the main Fahlband trend of over a 12 km strike Cobalt length and potentially in the less explored Eastern Fahlband For personal use only • The
Slide 29: Skuterud cobalt project: exploration activities
SKUTERUD COBALT PROJECT COBALT IN HISTORIC MINING DISTRICT Exploration activities • Historic drilling at Skuterud (Berkut 2016-2018) includes 1 drill Co hole at Døvikskollen, and 6 holes at the Middagshvile target 1 Cobalt For personal use only • Kuniko has drilled a total 19 drillholes for 5,684 m
Slide 30: Trøndelag copper projects
TRØNDELAG COPPER PROJECTS BROWNFIELD COPPER-ZINC MINES AND PROSPECTIVE BELTS Highlights • Region prospective for copper-rich Volcanogenic Massive Cu Sulphide (VMS) deposits in the Trøndelag area in central Norway Copper For personal use only • District shows potential for large, economically attract
Slide 31: Undal-Nyberget copper project
UNDAL-NYBERGET COPPER PROJECT BROWNFIELD COPPER-ZINC MINE Highlights • The Undal-Nyberget project is focused on a sequence of volcanic rocks dominated by basalts, volcaniclastics and Cu Copper cherts, which likely formed in an actively rifting basin For personal use only between 475-463 Ma Zn • This
Slide 32: Vågå copper project
VÅGÅ COPPER PROJECT BROWNFIELD COPPER-ZINC MINE Highlights • Prospective ophiolite sequence in the Norwegian Caledonides, analogous to geological setting of the Løkken Cu-Zn deposit Cu Copper • Reconnaissance samples at the Åsoren Mine indicate high Copper For personal use only and Zinc grades (up t
Slide 33: Gullvåg copper project
GULLVÅG COPPER PROJECT BROWNFIELD COPPER-ZINC MINE Highlights • Cu-Zn sulphide lens exposed at surface in 1983 Cu • Undeveloped and unconstrained base metal mineralisation with Copper outcrop samples showing high grades including: For personal use only • 7.14 % Cu, 0.62 % Zn, 0.38 g/t Au & 41.8 g/t
Slide 34: Väne Ryr pegmatite project
VÄNE RYR PEGMATITE PROJECT LITHIUM IN SWEDEN Highlights • Exploration license submitted to Mining Inspectorate of Li Sweden in Jan.’24 with approval expected within Q1’24. Lithium For personal use only • Assayed 11 reconnaissance rock samples exhibiting significant lithium grades, notably reaching e
Slide 35: Stora Flaten greisen project
STORA FLATEN GREISEN PROJECT LITHIUM IN SWEDEN Highlights • Exploration license submitted to Mining Inspectorate of Li Sweden in Jan.’24 with approval expected within Q1’24 Lithium • Located in the historical mining province of Bergslagen, the For personal use only Stora Flaten Greisen Project boast
Slide 36: Investment highlights
INVESTMENT HIGHLIGHTS • Healthy cash position: A$6.7m (at 31 Dec-23) Capital • Tight share register with >60% held by top 20 For personal use only structure • Largest shareholder at 19% is world leading automaker Stellantis • Strategic emphasis on critical raw materials crucial for meeting energy tr
Slide 37: 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 | 36