Latitude 66 Limited · ASX:LAT
Latitude 66 — Latitude 66 Cobalt — Investor Presentation (August 2021)
32 slides from Latitude 66's investor presentation, August 2021
Slide 1: Latitude 66 Cobalt Limited Corporate Presentation
Latitude 66 Cobalt Limited Corporate Presentation August 2021
Slide 2: Disclaimer
Disclaimer This presentation has been independently prepared by Latitude 66 Cobalt Limited ("Company") together with its related bodies corporate ("Group") and is provided for informational purposes only. Not an offer or prospectus This presentation is not, and does not constitute, an offer to sell
Slide 3: Finland
Finland Tier-one jurisdiction with world-leading education, stability and advancing mining policy Finland statistics #1 Business environment in the world (Global innovation index 2019) #1 Happiest nation in the world (UN) #1 The most stable country in the world (Fund for peace, Fragile states index
Slide 4: Investment case
Investment case 27 Second largest underdeveloped cobalt resource in Europe; Highly strategic Co 58.933 source of domestic supply for the rapidly growing Li-ion battery market 79 Au Significant gold resource base with 725,000 oz Au (2.7g/t)1,2 with substantial 196.967 further upside; Economic viabili
Slide 5: European Green Deal
European Green Deal Transforming the European economy for a sustainable future Europe targeting carbon neutrality by 2050 55% reduction in 1990 levels by 2030 Electrification of transportation and energy storage is critical in enabling Europe to achieve its decarbonisation objectives A typical EV re
Slide 6: European Green Deal dilemma
European Greendilemma The European Deal Transforming the European economy for a sustainable future International Energy Agency: Achieving the 1.5 to 2-degree-Celsius target laid out in the Paris Agreement would mean a “quadrupling of mineral requirements for clean energy technologies by 2040” Europe
Slide 7: European capacity constraints
European capacity constraints Significant under capacity within the European supply chain from raw material to battery cells Market share of lithium-ion battery supply chain stages European automotive market K-Camp 725koz @ 2.7g/t Au1,3 Cobalt mining 0% 0% 1% 16,500t 650ppm Co2,3 Cobalt refining 17%
Slide 8: Co demand fundamentals
Co demand fundamentals 27 58.933 Global requirement for 4 times the amount of metal produced today within a decade Electric vehicle penetration (%) Cobalt demand growth • 90% of growth to be driven 2030 80% 70% by battery sector EV penetration by 2040 60% • Rapid growth in EV 2020 volumes and batter
Slide 9: Problematic supply
problematic supply 27 Co 58.933 Near-monopolistic supply (China/Congo) that is highly insecure and with major ethical traceability issues High concentration of raw material High concentration of refining capacity Sensitive by-product supply c. 70% c. 80% c. 98% Cobalt raw material supply from the Re
Slide 10: Finland – European cobalt hub
Finland – European cobalt hub Uniquely positioned to service the EU EV market with highly endowed raw materials and refining capacity • Increasingly pressing need to establish a continental supply chain within the EU for lithium-ion batteries to ensure security of supply • Finland is the best positi
Slide 11: K camp cobalt resource
K camp cobalt resource Europe’s 2nd largest undeveloped cobalt resource with valuable complimentary gold endowment • There is a pressing need to solve supply chain issues within the EU to Undeveloped European cobalt projects (tonnes Co) not fall further behind in securing cobalt • Highly strategic s
Slide 12: The next frontier of mineral discovery
The next frontier of mineral discovery Lat66 identified the geological potential of the greenstone belts and established a first mover advantage Geological prospectivity • Right rocks - geologically fertile driven by collective • Right timestamp - global analogues culmination of key criteria • Deep
Slide 13: Ready-made country entry
Ready-made country entry Globally unique investment opportunity Northern Finland – Emerging, metallogenic province with high probability of major discovery • Paleoproterozoic greenstone belts are highly prospective, yet significantly underexplored due to glacial overburden obscuring bedrock • All in
Slide 14: K camp overview
K camp overview Camp-scale, high-grade, multiple targets – poised to grow GTK 1:200k bedrock geology of the Kuusamo Schist Belt • JORC compliant (2012) resources of 725,000oz gold, 7,670t cobalt1,3 (gold domain) – Cobalt resource increases to 16,490t2 with a K1 Co cut-off of 200ppm K1 • Progressing
Slide 15: K1 (Juomasuo) – highlights project potential
K1 (Juomasuo) – highlights project potential Shallow, high-grade gold-cobalt mineralisation open along strike and at depth Site overview K1 structural mineralisation model cross section Tenement type Mining zone Commodities Au, Co X-Section ±50m window Municipality Kuusamo Access Road, 2.1km from hi
Slide 16: K2 and K3
K2 and K3 Existing resource inventory along the same mineralised structure as K1; underexplored and highly prospective K2 interpretation long section K2 overview Tenement type Mining zone Access Track, 2.6km from highway 8.5m @ 3.1 g/t Au 1 from 23m Resource 1.05Mt @ 3.1g/t Au & 520ppm Co South exte
Slide 17: H-Camp
H-Camp Extensive cobalt rich domain containing several ore grade intercepts across numerous deposits and multiple unresolved geophysical and geochemical anomalies H2 overview H2 • Project ownership: 100% • High grade cobalt lodes trending oblique – continued focus on NW-H-A H1 North EM conductor, un
Slide 18: Highly strategic regional tenure packages
Highly strategic regional tenure packages Highly attractive Au, Cu, Co fertile greenstone belts; prospectivity validated by activity of majors • Tenure area: 2,950km2 Peräpohja Schist Belt • Neighbouring activity of Rio Tinto and First Quantum Minerals (PSB) • 30+ targets identified across 7 focus z
Slide 19: Best-in-class stakeholder engagement
Best-in-class stakeholder engagement Focus on social acceptance Lat66 Cobalt Käylä facility in Kuusamo Entrepreneurial – thought leaders Active member of the National thought leader community on mining and exploration Local business in Kuusamo Reputable voice with Prioritise local contractors govern
Slide 20: Landowner and community engagement
Landowner and community engagement Company management are active community members, transparent, and lead by example • Lat66’s operational philosophy is focused on long term success • Direct and comprehensive engagement with key stakeholders from the outset – Core focus on conducting business ‘the r
Slide 21: Working with academia and national initiatives
Working with academia and national initiatives Lat66’s sustainable development is rooted in science and business-academia partnerships • Finland is focused on cultivating business-academia partnerships Selected business partners – Finland has one of the highest standards of education globally – Cutt
Slide 22: Company Management
Company Management High-quality in-country team with diverse skill set and established rapport with key political and social stakeholders Thomas Hoyer Campbell Baird Jussi Lähde Aaron Davies Managing Director Chief Development Officer Sustainability and Public Exploration Manager Relations • Various
Slide 23: Case studies – strategic metal peers
Case studies – strategic metal peers Asset scarcity in locations of low jurisdictional risk is driving value in quality critical mineral projects as validated by governments, strategics and capital markets investors alike Piedmont Lithium (ASX:PLL, NASDAQ:PLL) Euro Manganese (TSXV:EMN, ASX:EMN) Jerv
Slide 24: Established, respected company
Established, respected company Ready-made company and leader in Finnish exploration and mining Factor Description Underwritten value Mineral resource of >725koz Au1,3 and ~16.5kt Co2,3 Land holding Dominant tenement position (>9,000km2) Team and management Unmatched team in Finnish exploration w
Slide 25: Appendix
Appendix 25 Investor Presentation lat66.com
Slide 26: K-camp resources
K-camp resources K camp mineral resource estimate, gold domain (2020) (JORC 2012) K Camp Indicated Inferred Total Resource Source2 Cut-off Tonnes Au grade Co grade Gold Cobalt Tonnes Au grade Co grade Gold Cobalt Tonnes Au grade Co grade Gold Cobalt Deposit Domain (g/t Au) (Mt) (g/t) (%) (koz) (t) (
Slide 27: K-camp resources
K-camp resources K1 cobalt mineral resource estimate, 200ppm cobalt cut-off (2020) (JORC 2012)1,2,3 Indicated Inferred Total Resource Cut-off (g/t Tonnes Co grade Au grade Cobalt Tonnes Co grade Au grade Cobalt Tonnes Co grade Au grade Cobalt Gold (koz) Gold (koz) Gold (koz) Au) (Mt) (ppm) (g/t) (t)
Slide 28: Competent Persons Statement
Competent Persons Statement The information in this presentation that relates to Exploration Targets or Exploration Results is based on information compiled by Aaron Davies a full-time employee of Latitude 66, a Competent Person who is a Member of the Australian Institute of Geoscientists. Aaron Dav
Slide 29: Risks
Risks General The following risks have been identified as being key risks relevant to Latitude’s business. These risks have the potential to have a significant adverse impact on Latitude and may affect Latitude’s financial position or prospects or the price or value of Latitude’s securities. Latitud
Slide 30: Risks
Risks Resource and reserve estimates Resource and reserve estimates are expressions of judgment based on drilling results, past experience with mining properties, knowledge, experience, industry practice and many other factors. Estimates which are valid when made may change substantially when new in
Slide 31: Risks
Risks Reliance on key personnel The responsibility of overseeing the day-to-day operations and the strategic management of the Latitude depends substantially on its senior management and its key personnel. There can be no assurance given that there will be no detrimental impact on the Latitude if on
Slide 32: Risks
Risks Third party risk The operations of Latitude require the involvement of a number of third parties, including suppliers, contractors and clients. Financial failure, default or contractual non-compliance on the part of such third parties may have a material impact on Latitude's operations and per
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