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The growing battery industry needs new, large scale and sustainable
sources of battery-grade nickel – a unique opportunity for Julimar
Battery-grade nickel consumers forecast to Estimated avg carbon intensity of nickel sources (kgCO eq. per kg Ni)
2
become heavily reliant on supply sources that
do not meet sustainability standards, i.e. NPI 70
60
60
With 560kt of contained nickel and growing,
Julimar has the potential to become a globally
significant source of class 1 nickel, which has a 50 45
much lower carbon footprint than other sources
40 ~4.5x
Julimar’s proximity to WA’s world class power
grid and infrastructure make it uniquely 30
positioned to deliver low carbon intensity metals
20 18
13
Class 1 nickel sources are likely to demand a 10
premium, driven by the need to comply with
emissions targets and to satisfy increasing 0
sensitivity to sustainability standards Class I nickel Nickel sulphate Ferronickel (FeNi) Nickel Pig Iron (NPI)
Source: Nickel Institute, Goldman Sachs Global Investment Research via ‘Nickel’s class divide’, April 2022. 7
