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Nickel growth pipeline





                                                                                                                                         Nickel Resources

                       Scoping /                              Pre-production
                     Pre-feasibility        Feasibility       Commissioning           Producing                                  1,200
                                                                                                                                 1,050
                                                                                                                                   900
                     Diggers  AM5              AM6                                                                                 750
                                                                                            Flying
                                                                                            Fox                                    600
                   Massive
                   sulphide                                          Odysseus                                                    Contained Nickel (kt)  450
                                                                                                                                   300

                                                                                           Spotted                                 150
                        Mt Goode           New  Morning                                                                              0
                                                                                            Quoll

                                                                                                                                                    Resources

                                                                                                                                   300


                ▪ Many projects in the
                   pipeline to drive nickel              Forrestania Project         Cosmos Project
                   production well into the
                   future                                                                                                          150
                                                                                 >100kt Ni  Resource
                ▪ Ore Reserves have                                               >50kt Ni Resource                              Contained Nickel (kt)
                   substantially increased
                   in FY19 with Odysseus                                         5-50kt Ni  Resource
                   and in FY21 with the                                                                                              0
                   addition of AM6
                                                                                                                                                      Reserves



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