Kuniko Ltd. · ASX:KNI
Kuniko — Shareholder Meeting (November 2021)
33 slides from Kuniko's shareholder meeting presentation, Nov 24, 2021
Slide 1: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING 24 November 2021 ASX: KNI
Slide 2: Disclaimer
Disclaimer For personal use only 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 of any securities in KNI. This pre
Slide 3: Europe needs a lot of battery metals
For personal use only Europe needs a lot of battery metals… >500 GWh battery manufacturing capacity by 2030 to supply electric vehicle (EV) market ESG Per annum, this equates to approximately: • 100,000 tonnes of cobalt • 315,000 tonnes of nickel • 800,000 tonnes of copper compliant? 3
Slide 4: Low CO2 footprint, ethically sourced, responsibly operated
…with low CO2 footprint …ethically sourced …responsibly operated EU Battery Regulation For personal use only E S G Kg of material produced Cu Co Ni CO2 Emissions per 5kg CO2 11kg nvironment CO2 13kg ocial overnance CO2 Combined, this EU Cu-Ni-Co metal ▪ Current strong ethical traceability 1 requirem
Slide 5: Sustainably developed
…sustainably developed United Nations Sustainable Development Goals For personal use only Navigating the transition to a low-carbon, resilient and resource- efficient economy revolution EU Taxonomy 'https://www.freepik.com/photos/business'>Business photo created by gpointstudio - www.freepik.com</a>
Slide 6: Aligned with EU Battery Regulation
…aligned with EU Battery Regulation For personal use only EU Regulation Article 7: Requires carbon intensity labelling of new EV batteries From 1 January 2026, lithium-ion batteries will have to bear a carbon intensity performance class label and from 1 July 2027, must comply with maximum carbon foo
Slide 7: Our Solution
Our Solution For personal use only Developing projects in Europe, for Europe. ETHICAL sourcing ensured. 100% commitment towards electrified, net ZERO CARBON footprint throughout exploration and development. Operations in Norway, where ~95% of electricity comes from RENEWABLE sources. 7
Slide 8: Scandinavia, an Electrifying Leader in Mining
Scandinavia, an Electrifying Leader in Mining At the forefront of the electrified mining revolution For personal use only Benefits of mine fleet electrification Sandvik battery powered underground hard rock mining equipment offering ▪ Improved air quality with no exhaust gases ▪ Equipment is lighter
Slide 9: Norway – Active Mining Jurisdiction & Leader in Renewable Energy
Norway – Active Mining Jurisdiction & Leader in Renewable Energy For personal use only “I think it is urgent to find out what is hiding under the surface in Norway. Not just for battery factories, but really for all industry and everything Active mining jurisdiction around the green shift. We have b
Slide 10: Proximity to the Fastest Growing Battery Market
Proximity to the Fastest Growing Battery Market Brandenburg, 2021 Brandenburg, 2021 For personal use only At least 20GWh RAMP UP TO 8-12 GWh Salzgitter, 2025 Bitterfeld, 2022 40GWh 16 GWh Spain, Eastern Europe, etc. Wroclaw, 2018 800GWH BATTERY x80 4x40GWh 6 GWh, LATER 70 GWh Erfurt, 2022 Konin, 202
Slide 11: Cobalt Fundamentals
Co Cobalt Fundamentals For personal use only Global Cobalt Market Balance (%) 100% Cobalt – Battery 98% of Cobalt production is mined as a Source: Wood Mackenzie Market Share (%) by-product Source: Wood Mackenzie 9.5% 60% 38% Copper mining Nickel mining 3.2% Source: Global Energy Metals 2020 2025 20
Slide 12: Nickel Fundamentals
Ni Nickel fundamentals For personal use only Global Nickel Market Balance (kt) 50% Nickel – Battery Estimated Carbon Footprint Source: Wood Mackenzie Market Share (%) Tons CO2/ton Refined Ni produced Source: Wood Mackenzie 80 69 70 60 100 2020 2025 2030 50 45 25% 40 825 30 27.5 20 10 7.19 2,000 0 0%
Slide 13: Copper Fundamentals
Cu Copper fundamentals Annual Copper in EVs and ICE vehicles For personal use only Copper content by vehicle type 4.0 EV ICE Annual Copper Consumption (Mt) ICE 22Kg 3.0 HEV 40Kg 2.0 EV 83Kg Source: Reuters 1.0 0.0 5Mt 2020 2030 2040 Source: Wood Mackenzie Almost 5Mt CO2 to be emitted per annum for c
Slide 14: Nord-Helgeland
For personal use only Nord-Helgeland 14
Slide 15: Skuterud Cobalt Project
Co Skuterud Cobalt Project For personal use only The historical home of cobalt production Exploration Licenses – Skuterud Project ▪ Skuterud: Over 1 million tonnes of cobalt ore mined* from 1773-1898, the world’s largest cobalt producer and Norway’s largest company at the time ▪ The Skuterud license
Slide 16: Ringerike Battery Metals Project
Cu Ni Co Ringerike Battery Metals Project For personal use only Ringerike acquired Oct’21 * - prospective for mineralisation of battery metals Exploration Licenses – Ringerike Project ▪ Contains the historic Ertelia Mine, prospective for nickel, copper, cobalt and platinum group elements. Ertelia hi
Slide 17: Feøy Nickel Project
Ni Feøy Nickel Project For personal use only High grade, historical nickel production Exploration Licenses – Feøy Project ▪ Feøy Project: historical Ni-Cu mining district, contains Vigsnes and Feøy mines, an advantaged location ~ 60 km’s from Norway’s oil capital of Stavanger Excellent infrastructur
Slide 18: Copper Projects
Cu Copper Projects For personal use only High grades, rich history of production Exploration Licenses – Vangrøfta, Undal, Nyberget Vangrøfta: ▪ Historical Fredrik IV Mine - 30 years of small tonnage production up to 1908 @ 6% Cu grade*. ▪ Sampling by Kuniko yielded up to 16.75% Cu, 3.33g/t Au and 0.
Slide 19: Nord-Helgeland Project
Nord-Helgeland Project For personal use only Strategic expansion into underexplored pegmatite field, prospective for battery and technology metals * Exploration Licenses – Nord-Helgeland Project ▪ Largely unexplored though known to contain identified Lithium-Cesium- Tantalum (“LCT”) pegmatites and a
Slide 20: Exploration Activities: Airborne Geophysics Program
Exploration Activities For personal use only Significant Airborne Geophysics Program Completed Nyberget NNE-SSW trend & stratigraphic horizon identified by EM survey ▪ Airborne geophysical surveys completed in September ’21 over the Skuterud, Vangrøfta, Nyberget and Undal Project areas. ▪ Surveys co
Slide 21: Exploration Activities: Skuterud resistivity inversion
Exploration Activities For personal use only Significant Airborne Geophysics Program Completed Oblique 3D view of Skuterud resistivity inversion produced for the south of the Modum Vest Ore Province ▪ Models face southwest. ▪ Upper panel shows vertical sections of the resistivity model along the axi
Slide 22: Geochemical sampling completed at Skuterud
Exploration Activities For personal use only Geochemical sampling completed at Skuterud Skuterud illustrative field sampling maps Aug’21 ▪ A combined rock and soil sampling program completed end August ’21 ▪ 714 samples collected (618 primary, i.e. excl. QC) ▪ Intensive soil sampling to assess prime
Slide 23: Geochemical sampling completed at Vangrøfta
Exploration Activities For personal use only Geochemical sampling completed at Vangrøfta ▪ Geochemical sampling program completed September ’21 ▪ 488 samples collected (417 primary, i.e. excl. QC) ▪ Sampling grid covered entire Vangrøfta license area, aiming to outline copper-zinc targets o Focus on
Slide 24: Reconnaissance visit at Nord-Helgeland
Exploration Activities For personal use only Reconnaissance visit at Nord-Helgeland ▪ An initial field reconnaissance was completed in early October ‘21. ▪ A selected number of previously delineated priority targets as well as conceptual targets were visited and rock chip/ composite sampled. ▪ Resul
Slide 25: Geological analysis and exploration target planning underway
Exploration Activities For personal use only Geological analysis, interpretation and exploration target planning underway ✓ Soil and rock chip sampling All Kuniko exploration license areas have seen little modern exploration, despite being significant historical ✓ Geophysics data and initial evaluat
Slide 26: Corporate Snapshot
Corporate Snapshot For personal use only Shares on issue and market capitalisation Top shareholders Shares on issue (ASX: KNI) 56.48M Vulcan Energy Resources Limited 24.34% Share Price A$1.46 Entities associated with Gavin Rezos 6.92% Market cap (undiluted) A$82.46M Other securities Options on issue
Slide 27: Kuniko Team
Kuniko Team For personal use only Gavin Rezos Antony Beckmand Brendan Borg Maja Mcguire Birgit Liodden Dr. Liz Thompson Chairman CEO Non-Executive Director Non-Executive Director Non-Executive Director Consultant Geologist / Project Manager ▪ Executive Chair/CEO ▪ Over 25yr experience in ▪ Consultan
Slide 28: Highlights 2021 to-date and Outlook 2022
Highlights 2021 to-date ▪ Aug ‘21 Spin-off and IPO, ASX Listing For personal use only ▪ Aug ‘21 Geochemical sampling Skuterud Cobalt Project ▪ Sep ‘21 Geochemical sampling Vangrøfta Copper Project ▪ Sep ‘21 Geophysics survey of Skuterud, Vangrøfta and Undal ▪ Oct ‘21 New projects acquired: Ringerike
Slide 29: Kuniko – Zero Carbon Battery Metals
KUNIKO ZERO CARBON BATTERY METALS” ii
Slide 30: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Undal 101 1059/2018 Kuniko Ltd Granted 05-Jul-2018 10.00 Undal 102 1058/2018
Slide 31: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Glomfjord 1 0461/2021 Kuniko Norge AS Granted 28-Sep-2021 6.00 Glomfjord 2 04
Slide 32: Appendix 1: Exploration Licenses
Appendix 1: Exploration Licenses Granted by the Norwegian Directorate of Mining with the Commissioner of Mines at Svalbard For personal use only Exploration License Registration Number Holder Status Date Granted Area (km2) Ringerike 1 0435/2021 Kuniko Norge AS Granted 24-Sep-2021 10.02 Ringerike 2 0
Slide 33: Appendix 2: References
Appendix 2: References For personal use only Slide Reference Source CO2 Emissions per Journal of Sustainable Mining – 2019 -Life cycle assessment of cobalt extraction process - Shahjadi Hisan Farjana, Nazmul Huda∗, Slide 4 Kg of material produced, Copper, Cobalt M.A. Parvez Mahmud CO2 Emissions per