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Julimar is a ‘green

metals’ discovery

Highly versatile but rare metal used to The key battery cathode material in
remove nitrogen oxides (NOx) from EVs, high nickel NMC 811 batteries are
exhausts / hydrogen / ammonia the favoured chemistry
streams. NOx are 300x more potent than
CO as a greenhouse gas EV-driven nickel demand is forecast to
2
increase 19x by 2040; lack of new
~11Moz p.a. palladium market in deficit sulphide discoveries worldwide in
for nine consecutive years; supply recent years has created a significant
dominated by Russia forecast supply shortage

These metals are

needed to decarbonise Used extensively in the green energy Highly effective catalyst (similar to Pd) in

the global economy and industry including in renewables, energy hydrogen applications, including green
storage and EVs
hydrogen production and fuel cells
address climate change Copper demand is forecast to outstrip Ongoing deficit and supply challenges;
supply by mid-2021; lack of new large-
scale discoveries worldwide supply dominated by South Africa

Source: Johnson Matthey PGM Market Report 2021, BNEF Elect ric Vehicle Out look 2020, IEA, S&P Global CM Copper Feb 21.