TESLA Battery Day Sep 22 - PATENTS & LEAKS, page-470

Thanks for sharing Branks.
My take on impact on AUZ after listening in to the BD broadcast.

- AUZ will principally be a Nickel producer based on BFS. (84% Ni and 16% Co. in tonnage. And 67% Nickel and 33% Cobalt in $ weighted averages)

- The future for Nickel is far brighter after BD. The upward trend in price should continue

- Tesla is working towards a Co free battery but have not made a full commitment. They are also concerned about the social and political implications due to DRC.

- Cobalt has numerous other uses so AUZ does not have to rely on only the EV industry. (One of the reasons China is currently stockpiling the material)

- Am not sure what the impact will be on statement that Tesla will not be using Sulphates. Regardless, AUZ has Nickel and that can be shipped in the form battery producers require. It may also mean a reduction in capital costs if processing to sulphates is not required (I don’t understand the methodology as mining is not my specialty)

- Hopefully AUZ should provide another company update in the not too distant future.

- We need to focus on the macro picture. The EV world has a big future as well as everything E

GLTAH