Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Australia-Europe Critical Resources Strategy & Supply Conference 2021
20 slides from Sunrise Energy Metals's conference presentation, May 19, 2021
Slide 1: ASX Announcement: Conference Presentation
ASX Announcement 19 May 2021 Conference Presentation Sunrise Energy Metals Limited’s CEO and Managing Director Sam Riggall is presenting at the Australia‐Europe Critical Resources Strategy & Supply Conference in Perth today where he will be discussing cobalt markets and the Sunrise Battery Materials
Slide 2: Sunrise Battery Materials Complex
Sunrise Battery Materials Complex Australia‐Europe Critical Resources Strategy & Supply, Perth 19 May 2021 Sam Riggall, CEO
Slide 3: Cautionary statement
Cautionary statement Certain statements in this news release constitute “forward‐looking negotiation and execution of offtake agreements; a mine life Readers are cautioned not to place undue reliance on forward‐ statements” or “forward‐looking information” within the meaning estimate; the expected n
Slide 4: Australia's largest and most advanced battery materials project
Australia’s largest and most advanced battery materials project Building a robust supply chain for the global battery industry Fully integrated from mine to battery chemicals and precursor De‐risked with an experienced project delivery team 3
Slide 5: Electrification will have a profound impact on nickel and cobalt markets
Electrification will Nickel Demand Growth Cobalt Demand Growth 2020 – 2030 (ktpa) 2020 – 2030 (ktpa) have a profound 5,000 450 impact on nickel and 4,500 400 cobalt markets 4,000 350 3,500 300 3,000 250 2,500 19% 200 2,000 CAGR 150 1,500 100 1,000 36% 50 500 CAGR 0 0 2020 2030 (f) 2020 2030 (f) Li B
Slide 6: Cobalt supply is geographically concentrated
Cobalt supply is › 70% of all mined cobalt comes from the geographically DRC; 65% of all processed and refined cobalt comes from China 60% of non‐DRC cobalt supply concentrated › Artisanal supply makes up 20% of DRC comes from nickel laterite mines production, but it comes with ‐ if the world wants
Slide 7: Will cobalt thrifting make a difference?
Will cobalt thrifting › The imminent death of cobalt in lithium‐ Thrifting pushes make a difference? ion batteries has been greatly pricing risk to exaggerated nickel › Thrifting has been successful as battery cathode moves to more nickel intensive chemistries, but it creates other risks › Most cell
Slide 8: Project snapshot
Project snapshot Located 350km west of Sydney with adjacent rail, power and port infrastructure One of the largest nickel‐cobalt resources in the world, containing >900kt Ni and >160kt Co A$250M invested to date in pre‐development capex: engineered, de‐risked and construction‐ready Ore reserves are
Slide 9: Sunrise – one of the world's largest cobalt resources
Cobalt inventory of developers on ASX/TSX (Contained cobalt in Measured and Indicated Resources inclusive of Reserves, tonnes) 160,000 Sunrise – one of the 140,000 world’s largest cobalt resources 120,000 100,000 80,000 60,000 40,000 20,000 0 Sunrise Goongarrie Opuwo NICO SCONI Thackaringa NiWest Id
Slide 10: Sunrise's unique geology delivers strong economics
Cobalt : Nickel ratio at operating nickel laterite mines 0.25 Sunrise’s unique geology delivers High cobalt content, low acid 0.20 strong economics consumption and excellent rheology delivers first quartile 0.15 production costs 0.10 0.05 0.00 Sunrise Coral Bay Moa Bay Ramu Taganito Ambatovy Goro Mu
Slide 11: Sunrise Battery Materials Complex
Sunrise Battery Materials Complex 10
Slide 12: Sunrise Design Principles
Sunrise Design Principles Cost Sustainability Recycling D2P Ion exchange is the Sourcing 100% renewable The Sunrise refinery will Ion exchange provides the simplest, lowest‐cost and power, Sunrise will have be designed to take opportunity to go Direct most direct route to one of the lowest carbon re
Slide 13: All key permits in place and approved for construction
› All key permits in place and approved for construction Refining › Front end engineering Metal extraction and design complete › Hydromet design is significantly de‐risked › Sourcing 100% renewable power › Ion exchange circuit allows integration with precursor production › Refinery to incorporate a
Slide 14: Operating costs
Operating Costs (US$/lb Ni) Yr2‐11 Yr2‐25 Mining costs 0.84 0.76 › Sunrise will be a strong cash generator Processing costs 3.14 3.47 Operating costs through the commodity price cycle Admin & Site Overheads 0.18 0.21 Haulage & Port 0.15 0.14 › At circa US$22/lb cobalt the cobalt revenues cover all c
Slide 15: Ion exchange significantly de-risks the hydromet circuit
CCD IX Processing stages 7 10 Ion exchange › Instead of counter‐current decantation Ni‐Co recovery 96% >99% significantly de‐risks (CCD) we use an ion exchange (IX) circuit to produce a solution with very high Feed flow rate (m3/hr) 590 80 the hydromet circuit Ni concentration (mg/L) 5,600 42,800 ni
Slide 16: Sunrise Energy Metals is a world-leader in ion exchange metal processing
Sunrise Energy Metals is a world‐leader in ion exchange metal processing Antimony Sulphate, Ca, Mg, As Uranium (SPMP Sb Roasting Plant, Oman) (Fosterville Gold Mine, Australia) (Metalkol RTR Cobalt Plant, DRC) 15
Slide 17: Emissions – a carbon life cycle assessment
Carbon intensity of nickel production Emissions – a carbon life cycle assessment (kg CO2e / kg Ni in NiSO4) Nickel Pig Iron (EAF) Nickel Pig Iron (RKEF) Ferronickel Conventional PAL Sulfide Nickel Sunrise 100% renewable power › Deforestation from nickel mining in SE Asia 0 20 40 60 80 100 120 Source
Slide 18: Recycling
Recycling › The cathode makes up over one‐third of all raw materials in the battery cell by weight, with nickel, cobalt and lithium generating the most value for recovered metals › The EU mandates a minimum use of recycled nickel, cobalt and lithium in each battery by 2030 › The Sunrise flow sheet c
Slide 19: Direct to Precursor (D2P)
Direct to Precursor › Ion exchange keeps metal in solution (D2P) › Instead of separating and crystallising, metals remain in solution, are standardised to the correct molar ratio and are directly converted to p‐CAM › Significant energy and transport savings › Also, waste can be managed more effectiv
Slide 20: 0. sunrise
0. sunrise
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