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Enhanced flow sheet
✓ Premium goethite ore (excellent comminution, less abrasive, lower maintenance)
✓ MHP sale product during ramp up, in high demand
✓ Evaluating PCAM production through FBICRC membership
✓ Additional Critical Mineral by-products (current bench-scale metallurgy)
Process Metallurgy
✓ High ore grade + slurry density = Lower Capex$ & Opex$ (best in Australia*)
✓ HPAL Ni & Co Extraction = Efficient, low energy intensity, proven “off-the-shelf”
✓ AL = Stability for acid plant (energy generation), maximises resource utilisation
✓ AL viable Ni extraction demonstrated in Vale Inco 2009 PFS
✓ Water Chemistry = Scale control & better uptime
✓ Water Options =Using pit drainage + pending licensed borefield
✓ MHP = Known technology & chosen feedstock for Lithium Ion Batteries
* See Slide 21 for data. 10
