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ASX Nickel Sulphide Peer Universe

$614M

Market Cap (A$M)

EV (A$M)

$351M

$306M

$162M
$129M
$101M
$69M $60M $52M $52M $45M

$49M $41M $21M $20M
$555M $331M $298M $148M $118M $70M $55M $35M $31M $34M $34M $15M $10M
MCR CTM POS BSX TOE AZS LM8 WIN DKM AOU ESR SGQ CNR N28

100% 100% 100% 90% 100% 60% 100% 100% 100% 100% 100% 75-100% 100% 100%

WA Brazil WA Vietnam WA WA WA WA WA WA WA WA WA WA
205 kt Ni 563 kt Ni 395 kt Ni 281 kt Ni N/A N/A 39 kt Ni 161 kt Ni 87 kt Ni 21.4 kt Ni 2.4kt Ni N/A 78 kt Ni 171kt Ni

Not e: All share price inform ation sourced from Factset as at 24 Sept ember 2021. All cont ained nickel resources are JORC Code (2012) com pliant sourced from the respective com pany filings. 22
NickelSearchm arket cap assum es m axim um subscription case of $10m raised.