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BLACKSTONE TA KHOA PROJECT


        THE TA KHOA MINE & DOWNSTREAM REFINERY IS LOCATED IN THE HEART OF


        A MAJOR LITHIUM-ION BATTERY HUB



           Ta Khoa Mine
           (Nickel-PGE-Copper-Cobalt)
           ▪   34.8km2 of tenements with multiple Ni

               PGE (Cu Co) prospects, a well
               maintained 450ktpa mill, concentrator
               and mine facilities built to international
               standards in 2013 for US$136m
           ▪   Upstream PFS due later in 2021 to
               consider expanded concentrator (4-
               6Mtpa)


           Ta Khoa Refinery
           (NCM Precursor)
           ▪   Blackstone is inviting JV partners to
               complete studies and construct a
               downstream processing facility in
               Vietnam


                 ~Base case refined
                 nickel output of
                 ~40ktpa, with future

                 potential for expansion



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