Kuniko Ltd. · ASX:KNI
Kuniko — Investor Presentation (August 2021)
23 slides from Kuniko's investor presentation, Aug 27, 2021
Slide 1: Kuniko – Zero Carbon Battery Metals
For personal use only KUNIKO ZERO CARBON BATTERY METALS” i’
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation has been prepared by Kuniko Limited. 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 presentation
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 Per annum, this equates to approximately: • 100,000 tonnes of cobalt • 315,000 tonnes of nickel • 800,000 tonnes of copper ESG compliant? 3
Slide 4: …with low CO2 footprint
Kg of material produced CO2 Emissions per Cu Co Ni 5kg CO2 For personal use only 11kg CO2 13kg CO2 …with low CO2 footprint: EU Battery Regulation Combined, this EU Cu-Ni-Co metal requirement for EVs will emit approximately: 10Mt Eq. per annum EU Regulation: From 1 January 2026, lithium-ion batteries
Slide 5: …ethically sourced
For personal use only …ethically sourced • Current strong ethical traceability issues for cobalt: child labour, exploitation, corruption. • International Rights Advocates file federal case on behalf of children killed in DRC cobalt mines. S ocial EU regulation: Manufacturers will have to demonstrate
Slide 6: …and responsibly sourced
…and responsibly For personal use only sourced ¹ ² ³ G overnance ¹Financial Times, 31 August 2020 https://on.ft.com/2P6BYqN EU regulation: for requirements related to the carbon footprint and the responsible sourcing of raw materials, mandatory third-party verification will be required. Each battery
Slide 7: Our Solution
Our Solution For personal use only Developing projects in Europe, for Europe. ETHICAL sourcing ensured. 100% commitment to electrified, net ZERO CARBON production process. Operations in Norway, where 98% of electricity comes from RENEWABLE sources. 7
Slide 8: Our Projects
Cu For personal use only Co Ni Our Projects 263km2 of exclusive license areas in Norway Cobalt Refining Nickel Refining /Smelting/Chemicals 8
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 Active mining jurisdiction everything 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 RAMP UP TO 8-12 GWh For personal use only At least 20GWh Salzgitter, 2025 Bitterfeld, 2022 40GWh 16 GWh Spain, Eastern Europe, etc. Wroclaw, 2018 4x40GWh 6 GWh, LATER 70 GWh 800GWH BATTERY CAPACITY Erfurt, 2022 14 GW
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 by- Source: Wood Mackenzie Market Share (%) product Source: Wood Mackenzie 9.5% 60% 38% Copper mining Nickel mining 3.2% Source: Global Energy Metals 2020 2025 2
Slide 12: Skuterud Cobalt Project
Co Skuterud Cobalt Project For personal use only The historical home of cobalt production • Skuterud: Over 1 million tonnes of cobalt ore mined* from 1773-1898, the world’s largest cobalt producer & Norway’s largest company at the time • Ca. 9km trend of historic cobalt workings along Skuterud trend
Slide 13: 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 14: Feøy Nickel Project
Ni Feøy Nickel Project High grade, historical nickel production For personal use only • Feøy Project: historical Ni-Cu mining district, contains Vigsnes and Feøy mines • Feøy: historical nickel-copper mine with high mined grades* of 2.6 % Cu and 2.1 % Ni • Potential to define “brownfields”, high gra
Slide 15: 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 16: Copper Projects
Cu Copper Projects For personal use only High grades, rich history of production Vangrøfta: Granted Copper Tenements Area (km2) • Historical Fredrik IV Mine - 30 years of small tonnage production up to Undal 101-102 20.00 Nyberget 101-102 20.00 1908 @ 6% Cu grade*. Vangrofta 102 10.00 • Sampling by
Slide 17: Current Exploration Activities
Current Exploration Activities On ground exploration has commenced – First For personal use only results expected September 2021 Skuterud: • A combined rock and soil sampling program has commenced, covering the “Fahlband Ore Zone” present in the eastern Skuterud licences, at 50 x 100 m line spacing.
Slide 18: Current Exploration Activities – Airborne Geophysics Program
Current Exploration Activities For personal use only Significant Airborne Geophysics Program Commencement of surveys imminent - September 2021: • All of the Kuniko licence areas have seen little modern exploration, despite being significant historical producers of nickel, cobalt, copper and zinc • K
Slide 19: Corporate Snapshot
Corporate Snapshot For personal use only Shares on issue and market capitalisation Top shareholders Shares on issue (ASX: KNI)1 53.18M Vulcan Energy Resources Limited 25.85% Issue Price A$0.765 J P Morgan Nominees Australia Pty Ltd 6.09% Market cap (undiluted) A$40.68M Other securities Options on is
Slide 20: Kuniko Team
Kuniko Team For personal use only Gavin Rezos Antony Heitmann Brendan Borg Maja Mcguire Birgit Liodden Rune Wilberg Amanda Scott Beckmand Chairman CEO Non-Executive Director Non-Executive Director Non-Executive Director Consultant Geologist Consultant Geologist • Executive Chair/CEO • Qualified CPA
Slide 21: Kuniko – Zero Carbon Battery Metals
For personal use only KUNIKO ZERO CARBON BATTERY METALS” i’
Slide 22: Appendix 1: Licenses
Appendix 1: Licenses For personal use only License Name Status Date Granted Area (km2) Undal 101 Granted 5/07/2018 10.00 Undal 102 Granted 5/07/2018 10.00 Nyberget 101 Granted 5/07/2018 10.00 Nyberget 102 Granted 5/07/2018 10.00 Vangrofta 102 Granted 27/08/2018 10.00 Skuterud 101 Granted 19/10/2020
Slide 23: Appendix 2: References
Appendix 2: References For personal use only Slide Reference Source Regulation of the European Parliament and of the Council Slide 4, 5, 6 EU Battery Regulation concerning batteries and waste batteries, repealing Directive 2006/66/EC and amending Regulation (EU) No 2019/1020 CO2 Emissions per Journa