Page 229 - ANC-Presentations-Full-18-10_Neat

PFS DEVELOPMENT STRATEGY

INTEGRATION OF NICKEL SUPPLY CHAINS

Mine

Ore → Concentrate
Ta Khoa Nickel-Cu-PGE Project Third party concentrate M&A / Upstream JV Partners

Chemical Refinery

Concentrate → MHP → PrecursorNCM

Downstream JV Partners Scalable Refinery

Cathode Plant ▪ The BSX development strategy is supported using third party feed (3PF) to
supplement nickel concentrate supply from the Ta Khoa Nickel Project, and
Ni Co Prec. NCM to improve the overall operational flexibility of the Ta Khoa Refinery (TKR).
+ → Cathode ▪
Mn Li Lithium Funding for the TKR is expected from multiple sources, including but not
limited to Joint Venture (JV) partners, investment loans, equity and offtake
prepayment.
▪ The Base Case feed profile is based on treating 400ktpa of nickel

Gigafactories concentrates which is the most achievable development scenario
▪ The TKR is scalable and Blackstone would be able to upgrade its operations
Cathode
from 400ktpa to 800ktpa depending on the ability to secure 3PF and market
+ → BatteryCell conditions (i.e., consumer demand for NCM811 Precursor)
Anode 10