Nickel Industries Limited · ASX:NIC
Nickel Industries — Q2 2023 Earnings Presentation
12 slides from Nickel Industries's earnings presentation, Jul 31, 2023
Slide 1: Quarterly Activities Presentation for the period ended 30 June 2023
QUARTERLY ACTIVITIES PRESENTATION FOR THE PERIOD ENDED 30 June 2023 32,558 tonnes of nickel production - further growth expected in September quarter with Oracle Nickel power plant now online 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (‘NIC’). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The in
Slide 3: June quarter review
June quarter review Record 32,558 tonnes of nickel production - further growth expected in September quarter with Oracle Nickel power plant now online Record Ni metal production of 32,558 tonnes (100% basis) – 18.8% higher than March quarter (27,399 tonnes), inclusive of 10,141 tonnes from Oracle
Slide 4: Safety
Safety RKEF Operations For the 6 months to 30 June, 5,457,317 cumulative work hours without a “lost time injury” (‘LTI’) incident were achieved across NIC’s RKEF operations Hengjaya Mine Operations During the June quarter there were no LTIs recorded at the Hengjaya Mine, with over 7.31 million w
Slide 5: June Quarterly financial results
June 23 Quarterly financial results Movement Presented on a 100% basis unless otherwise stated Units June ’23 results (Jun’23 vs. Mar’23) March ’23 results Gross production Nickel metal tonnes Record 32,558 +18.8% 27,399 NPI gross production Nickel metal tonnes 27,454 +21.9% 22,338 Low-grade matte g
Slide 6: Ramping up production across our RKEF portfolio
Ramping up production across our RKEF portfolio Quarterly production exceeds 30kt nickel metal for the first time – further growth expected with Oracle Nickel power plant now online Represents switch of HNI production to nickel matte Record RKEF quarterly production of 32,558 tonnes of nickel meta
Slide 7: Record quarter of production at Hengjaya Mine
Record quarter of production at Hengjaya Mine Production summary Jun’23 Mar’23 Saprolite mined wmt 692,937 662,004 Limonite mined wmt 2,029,624 1,822,636 Nickel ore mined wmt 2,722,561 2,484,640 Overburden mined BCM(1) 226,798 398,017 Strip ratio(2) BCM/wmt 0.08 0.16 Saprolite Tonnes sold wmt 690,16
Slide 8: HM to IMIP haul road update
HM to IMIP haul road update Haul road and associated bridge (70 metre span) now complete Commissioning targeted for August 2023 Final haulage tenders currently being finalised Completion expected to result in production volumes increasing to >10M wmt pa – ~6.5M wmt limonite / 3.5M wmt saprol
Slide 9: Corporate: United Tractors placement and collaboration agreement
Corporate Conditional share placement and execution of collaboration agreement with PT United Tractors Conditional share placement to United Tractors (UT) (subsidiary company of Jardine Mathison) for A$943 million (US$628 million) Issue price of $1.10 per share represented a 27.2% premium to the
Slide 10: Corporate: Excelsior Nickel Cobalt Project update
Corporate Excelsior Nickel Cobalt Project (‘ENC’) Update Feasibility study well advanced - Final Investment Decision (‘FID’) expected in September quarter Expected production has increased from 67,000 metric tons of contained nickel equivalent, to 72,000 metric tons, with subscription price rema
Slide 11: Corporate: Stage optionality and sources and uses of funds
Corporate Stage 2 optionality Nickel Industries and Shanghai Decent are investigating the expansion of the ENC Project – such expansion would result in an increase in expected production from 72,000 tons to 144,000 tons of contained nickel equivalent The Stage 2 Expansion will be subject to a po
Slide 12: Thank you
THANK YOU NICKEL INDUSTRIES