Giga Metals Corporation · TSXV:GIGA
Giga Metals — Investor Presentation (September 2020)
24 slides from Giga Metals's investor presentation, September 2020
Slide 1: Battery Metals for a Clean Energy Future
1sxv GIGA| orcas HNCKF | ese BRR2 @ GIGAMETALS CORPORATION Battery Metals for a Clean Energy Future SEPTEMBER 2020 www.gigametals.com
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is being issued by Giga Metals Corporation (the “Company” or “Giga Metals”) for information purposes only. Reliance on this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all o
Slide 3: Core Project: Turnagain
Core Project: Turnagain ▪ NI 43-101 resource* containing: Measured & Indicated 5.2 billion pounds of nickel and 312 million pounds of cobalt Inferred 5.5 billion pounds of nickel and 327 million pounds of cobalt ▪ Less than 25% of the nickel prospective geology has been drilled to date. ▪ Engineerin
Slide 4: EV Adoption: Change can occur quickly
EV Adoption: Change can occur quickly 5th Avenue transformed from horse drawn carriages to automobiles in just 13 years Source: https://www.businessinsider.com/5th-ave-1900-vs-1913-2011-3 3
Slide 5: Volvo, Jaguar, VW – All Electric Lineups by 2030
Volvo, Jaguar, VW – All Electric Lineups by 2030 13 year EV goals: Change can occur quickly Sources: https://www.secureenergy.org/ & https://www.electrificationcoalition.org/ TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 4
Slide 6: Car Companies Bet Big on EVs
Car Companies Bet Big on EVs A Reuters analysis found that global automakers plan to spend a combined US$300 billion on EVs over the next decade. In the last year, carmakers made some major cash commitments: Audi is accelerating EV spending to €12 billion by 2024 and plans to offer 30 electrified (2
Slide 7: Vehicle Fleet Electrification: 45-95 Gigafactories
Vehicle Fleet Electrification: 45-95 Gigafactories Source: Roland Zenn, January 2020 TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 6
Slide 8: Dominant EV battery chemistries require Ni & Co
Dominant EV battery chemistries require Ni & Co Dominant EV Battery Types ▪ Nickel and Cobalt are used in cathodes of 2 of EV Battery Type Comparison the 3 dominant battery chemistries for EVs – LFP NCA NMC NMC (i.e. Chevy Bolt) and NCA (Tesla). Also, Cathode Lithium Lithium Lithium nickel metal hyd
Slide 9: Nickel Demand to Increase 72% in the Next Years
Nickel Demand to Increase 72% in the Next 20 Years 87 kt/y growth in nickel or 2x Turnagain Projects every year for the next 20 years 1,186 kt growth 2,420 kt/y 4,160 kt/y Class 1 nickel growth forecast is 1,472 kt or 74 kt/y. Data Source: Wood Mackensie 8
Slide 10: Not enough projects in pipeline to satisfy demand in 2020s
Not enough projects in pipeline to satisfy demand in 2020s TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 9
Slide 11: Not all Nickel is created equal
Not all Nickel is created equal ▪ Only Class I nickel (purity > 99.8%) is suitable for batteries. World Nickel Market ~2.3 million tonnes per annum ▪ Class II nickel (ferronickel and nickel pig iron) is only suitable for stainless steel due to iron content and impurities. ▪ Sources of Class I nickel
Slide 12: Turnagain is competitive with HPAL projects
Turnagain is competitive with HPAL projects Project Turnagain NPI HPAL Existing HPAL Greenfield Jurisdiction Canada – West China, Australia, Cuba, Madagascar, Indonesia, Philippines, Coast Indonesia New Caledonia, Papua New Australia? Guinea, Philippines Project Type Sulphide Laterite Laterite Later
Slide 13: Ethical sourcing is important to EV buyers
Ethical sourcing is important to EV buyers ▪ Turnagain could provide an important supply of ethically sourced nickel and cobalt. ▪ It is possible a mine at Turnagain could be carbon neutral or better. ▪ Silicate residue is known to absorb CO2, which converts the silicate minerals to carbonate minera
Slide 14: Large projects will require higher Ni prices to get built
Large projects will require higher Ni prices to get built Incentive Price required to generate a 15% pre-tax IRR TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 13
Slide 15: Updated Mineral Resource, September 2019
Updated Mineral Resource, September 2019 Turnagain Mineral Resource1,2,3,4,5 Tonnes Ni Co Contained Contained Contained Contained Resource Category (000’s) (%) (%) Ni (tonnes) Co (tonnes) Ni (Mlbs) Co (Mlbs) Measured 360,913 0.230 0.014 831,182 49,806 1,832 110 Indicated 712,406 0.215 0.013 1,530,24
Slide 16: Potentially one of the largest Ni sulphide operations
Potentially one of the largest Ni sulphide operations Nickel Mine Production from Sulphide Operations kt Ni 250 2016 Production Estimated Turnagain Production (at full capacity)* 207 200 150 100 72 66 51 50 44 38 33 30 0 Norilsk Jinchuan Vale Sudbury Voisey's Bay Turnagain* Raglan Terrafame Mount Ke
Slide 17: Concentrate Quality
Concentrate Quality Turnagain metallurgy indicates production of some of the highest nickel grade concentrate available when compared to existing operations Turnagain concentrate is on par with current Voisey’s Bay concentrate The VBN (Voisey’s) concentrate contains about 20% Ni, 1% Co, 2% Cu, 40% F
Slide 18: Safe, mining friendly jurisdiction
Safe, mining friendly jurisdiction TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 17
Slide 19: Good terrain for open pit mining
Good terrain for open pit mining TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 18
Slide 20: Room to expand an already enormous resource
Room to expand an already enormous resource TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 19
Slide 21: Investment Thesis
Investment Thesis ✓ Optionality ▪ Giant resource offers strong leverage to nickel and cobalt prices. ▪ Small market capitalization – lots of room to be rerated in rising commodity cycle. ✓ Exploration Upside ▪ Copper, Platinum, Palladium targets in the Attic zone. ▪ Less than 25% of the nickel prosp
Slide 22: Board of Directors
Board of Directors Anthony Milewski, Chairman of the Board Mr. Milewski is the Chairman Conic Metals. He spent his career in various aspects of the mining industry, including as a company director, advisor, founder and investor. In particular, he has been active in battery metals including investing
Slide 23: Share Structure
Share Structure Share Structure Stock Exchanges TSX Venture GIGA OTC Markets HNCKF Frankfurt BRR2 Share Capital (September 1, 2020) Turnagain camp Shares Outstanding 61,802,348 AN ETHICAL SOURCE OF CRITICAL Warrants 6,061,667 EV METALS Options 4,935,000 Fully-diluted 72,799,015 Market Capitalization
Slide 24: Contact Information
Contact Information Suite 203 – 700 West Pender Street Vancouver, British Columbia Canada V6C 1G8 Phone: (604) 681-2300 Email: info@gigametals.com www.gigametals.com TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 23