Talon Metals Corp. · TSX:TLO
Talon Metals — Benchmark Mineral Intelligence Battery Day 2020
20 slides from Talon Metals's conference presentation, Sep 23, 2020
Slide 1: Roadmap to Creating Value in Nickel Mineral Exploration
ROADMAP TO CREATING VALUE IN NICKEL MINERAL EXPLORATION BENCHMARK MINERAL INTELLIGENCE - BATTERY DAY September 23, 2020
Slide 2: Conditions of Presentation
CONDITIONS OF PRESENTATION This presentation has been prepared by Talon Metals Corp. (“Talon” or the “Company”) and is being delivered for informational purposes only. The information contained herein may be subject to updating, completion, revision, verification and further amendment. Except as may
Slide 3: Forward-Looking Information
FORWARD-LOOKING INFORMATION This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that Talon believes, expects or anticipates will or may occur in the future are forward-looking statem
Slide 4: Technical Reference
TECHNICAL REFERENCE The mineral resource figures disclosed in this presentation are estimates and no assurances can be given that the indicated levels of nickel, copper, cobalt, platinum, palladium and gold will be produced. Such estimates are expressions of judgment based on knowledge, mining exper
Slide 5: Tamarack Intrusive Complex strikes over approximately 18 km
THE TAMARACK INTRUSIVE COMPLEX (TIC) STRIKES OVER APPROXIMATELY 18 KM. FOLLOW-UP DRILLING TO THE FIRST DISCOVERY HOLE CULMINATED IN A RESOURCE* * Tamarack North Project NI 43-101 Mineral Resource Estimate One of the most prolific nickel producers (Talnakh - Russia) was (February 15, 2018) - Tamarack
Slide 6: Where Will Battery Nickel Come From? (Before 2026)
WHERE WILL BATTERY NICKEL COME FROM? BEFORE 2026 • Primary sources will be: Route to market options for nickel raw materials to make NiSO4 2019 2020F 2021F 2022F 2023F 2024F 2025F Change Sellers of briquettes/powders/Chem grade powder 2019-25F Glencore (Murrin Murrin) 41 41 41 41 41 41 41 0 • Brique
Slide 7: Where Will Battery Nickel Come From? (2026+)
WHERE WILL BATTERY NICKEL COME FROM? 2026+ • Other Indonesian HPAL projects Base case to 2025 Country Company Plant '000t metal Ni Co Status Timing Product could start production after 2025 Australia First Quantum Ravensthorpe 30 0.7 Restart Q2 2020 MHP N.Caledonia VNC Goro 30 2.0 Switch from oxide
Slide 8: (1) Catch the Ride Up the Mine Life Cycle
(1) CATCH THE RIDE UP THE MINE LIFE CYCLE • Pick the inflection point between Tamarack Project is here decreasing risk while the majority VALUE: LOGARITHMIC SCALE of the upside still remains Value • Exploration drilling means expansion • Design basis for PFS • The Tamarack Project is at this point ✓
Slide 9: (2) Be at the Right Time and Place
(2) BE AT THE RIGHT TIME AND PLACE * EV is here • As the cost of EV is heading towards equalization with the internal combustion engine, EV is expected to head towards early adoption and beyond • This will be the main driver of the nickel deficit 2026+ • At the Tamarack Project we are taking all the
Slide 10: (2) Be at the Right Time and Place (Continued)
(2) BE AT THE RIGHT TIME AND PLACE (Continued) • Talon’s market cap went Tamarack ProjectValue is here from C$7.5m in early 2019 VALUE: LOGARITHMIC SCALE to C$180m last week • The best however is yet to come: • As the project moves towards Prefeasibility Study and through to Feasibility Study • Whil
Slide 11: (3) Be Efficient
(3) BE EFFICIENT "Wherever you are in the world, please mine more nickel and don't wait for nickel to go back to some high point that you experienced some five years ago, go for efficiency.“ Elon Musk, July 23, 2020 TSX:TLO 11
Slide 12: (3) Be Efficient (Continued)
(3) BE EFFICIENT (Continued) • Elon nailed it: If you are efficient you don’t have to wait. But what drives efficiency? • Efficiency is a function of high grade, high recovery of metal from the rock and low capex: • Consider three high grade, underground nickel sulphide projects: In production Tamar
Slide 13: (4) Go Green-Nickel: Don't Build Tailings Dams
(4) GO GREEN-NICKELTM: DON’T BUILD TAILINGS DAMS “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way” Elon Musk, July 23, 2020 TSX:TLO 13
Slide 14: (4) Go Green-Nickel: Don't Build Tailings Dams (Continued)
(4) GO GREEN-NICKELTM: DON’T BUILD TAILINGS DAMS (Continued) The Brumadinho dam disaster in Brazil occurred on January 25, Toxic slurry into a bay in Papua New Guinea's Madang province, 2019: 270 people died as a result of the collapse, of whom 259 were turning the water bright red and staining the
Slide 15: (4) Go Green-Nickel: Don't Build Tailings Dams (Continued)
(4) GO GREEN-NICKELTM: DON’T BUILD TAILINGS DAMS (Continued) At the high grade Tamarack Project: • Tailings will be cemented underground Filtered tailings facility, Greens Creek Alaska • No tailings dam required: Remainder Independent Expert Engineering Investigation and Review Panel, Report (low gr
Slide 16: (5) Go Green-Nickel from Mine to Battery
(5) GO GREEN-NICKELTM FROM MINE TO BATTERY The nickel industry for stainless steel has extended the nickel supply chain for batteries, requiring more energy and increasing the emissions footprint to achieve high purities for batteries MINE CONCENTRATE SMELT REFINE SULPHATE PRECURSOR Current Nickel S
Slide 17: Summary - Five Things to Consider When Investing in a Ni Mineral Exploration Project
SUMMARY - FIVE THINGS TO CONSIDER WHEN INVESTING IN A Ni MINERAL EXPLORATION PROJECT ✓Catch the ride up: Mine life cycle value creation curve: ✓Goldilocks zone: Resource expansion ✓Be at the right time and place: ✓Do the right things now to start nickel production when EV is heading towards mainstre
Slide 18: Questions
QUESTIONS Please visit www.talonmetals.com TSX:TLO 18
Slide 19: Discussion Slides: Further Food for Thought
DISCUSSION SLIDES Further food for thought TSX:TLO 19
Slide 20: Stainless Steel Needs Clean Sulphide Concentrates
STAINLESS STEEL NEEDS CLEAN SULPHIDE CONCENTRATES MAYBE EVEN MORE THAN EV • EV or no EV, the demand for nickel concentrates is expected to rapidly exceed supply • More so for clean nickel concentrates with low deleterious elements • “Payabilites” of Ni from the stainless steel supply chain are there
Talon Metals — Benchmark Mineral Intelligence Battery Day 2020 on 6ix