15 x increase in battery grade nickel out to 2025

If anyone is in any doubt about why our resource is going to be in huge demand, listen to what Elon Musk has to say regarding increased demand for Nickel going forward, backed up by McKinsey and others' research.

With the problems in the DRC with their cobalt and human rights issues (and more or less a monopoly on large scale supply), battery suppliers are changing the chemistry of their EV batteries to contain a lot more nickel.

This isn't the low quality grade 2 nickel they require, it's the grade 1 battery quality typically obtained from Nickel Sulfide resources (which are much rarer, and what we are sitting on with CZN).

https://reneweconomy.com.au/teslas-crazy-battery-targets-environmental-risk-and-australias-mine-of-opportunity-75163/

"At minute 41:58, Elon drops this: “We have to scale battery production to crazy levels, to levels that people can’t even fathom today.” Musk is known for bold statements, but this one can’t be dismissed – it’s coming from the company that more than doubled global lithium-ion battery demand with its first factory."

"Musk has previously deflected cobalt criticism, highlighting that Tesla has reduced cobalt use to a small fraction of its battery chemistry and that it plans to engineer it out altogether. Nickel is really Tesla’s key battery ingredient – approximately 40kg of nickel goes into Tesla car, and is a key to energy density."

"Global mining giants from China, Japan and Brazil are all on record talking about ramp up plans for Indonesia, as they scramble to supply the expected 15x increase in battery grade nickel out to 2025.By 2030, batteries could be a bigger user of Nickel than the steel industry, an enormous transformation from where we are today."

McKinsey's report is a good read too.

"CATL more than quadrupled its nickel deployment year-over-year, lifting its share of global battery nickel consumption to 13% in 2019 H1 from just 5% in 2018 H1.Similarly, in 2019 H1 LG Chem more-than-doubled its deployment of battery nickel versus the same period the year prior while Chinese EV maker and cell supplier BYD saw its deployment nearly triple.

Collectively, among the 40+ cell suppliers currently active in the global passenger EV market, just five (Panasonic, CATL, LG Chem, BYD and AESC) were responsible for over 85% of the market’s total nickel consumption in 2019 H1."

Time to get the new drilling program designed and happening, and prove up our resource. Then we'll generate a huge amount of interest.

Remember Lake Lynn is a historic mine, in a mining friendly part of the world. No political issues to speak of. It could be producing again for decades if the resources I suspect are there, prove to be.

That's the gamble of getting in early!