Page 74 - ANC22-Presentations-Weds

ASX Nickel Sulphide Peers – Attributable Mineral Resource Contained Nickel Tonnes (kt Ni) 1,2

Indicated Contained Ni (kt) Inferred Contained Ni (kt)
171kt 170kt

126kt

94kt

65kt

31kt
25kt
8kt
N/A N/A N/A

NIS WIN CNR DKM LM8 AZS AOU ESR NIM SGQ
Asset Stage Resource Resource Resource Resource Resource Resource Resource Resource Pre-Resource Pre-Resource Pre-Resource

Indicated
Ni Grade (%) 1.9% 2.1% 2.1% 3.2% 1.2% 2.3% 2.4%
Indicated
Contained Ni (kt) 37 60 42 42 26 16 2
Inferred
Ni Grade (%) 0.6% 1.5% 1.6% 0.8% 2.5% 0.9% 1.9% 0.7%
Inferred 171 133 66 52 22 5 9 6
Contained Ni (kt)

Mkt. Cap ($M) 15 59 23 34 147 52 23 18 31 26 39

Net Cash ($M) 5 16 3 16 33 11 4 1 3 4 4

EV ($M) 10 43 20 18 114 41 19 17 28 22 35

1. See slide 22 for JORC Resource and slide 23 for Financial Data used in Peer Comparison Table 4
2. Mineral Resource based on contained nickel tonnes excluding bi-products