The Investor Presentation is bullish and sounds great , these kind of presentations are usually released before major news , capital raising or both . It would be far more preferred and bullish for the PFS Update to be released before a Capital Raising .
• “New Kid on the Block” – very low market capitalisation compared with other ASX listed nickel cobalt peers with transaction only recently completed to acquire QPM • Grade is King– processing high grade material from New Caledonia delivers QPM a competitive advantage • Townsville –great opportunity to utilise existing infrastructure and decades of experience to re establish a value-add mineral processing business • Rapid Growth Potential to Deliver Shareholder Value – not your typical resources marathon with years of exploration – the next 18 months (approximately) through to FID will be a sprint
New Caledonia hosts the best quality limonite within the Asia Pacific region • New Caledonia hosts the world’s largest laterite Ore Reserves, estimated to contain : • 700kt of Cobalt • 7Mt of Nickel • 140 Mt of Iron • 15Mt of Magnesia (Source: https://minerals.usgs.gov) • Australia is a long term, approved trading partner with New Caledonia • Ore supplied to Queensland Nickel since 1989 • Townsville • ~2,100km from New Caledonia • Well positioned to process ore
Why Invest Secured high grade Ni-Co ore supply agreement with two New Caledonia mining companies Expected grades 1.6% Ni / 0.18% Co (Contract minimum 1.4% Ni, 0.15% Co) Reliable source that previously supplied Queensland Nickel Refinery from 1989 until closure Low mining/exploration riskPositive Scoping Study 600ktpa processing plant 25,000tpa Ni Sulphate + 3,000tpa Co Sulphate + valuable co-products DNiTM process – lower capex and opex compared to HPALHigh Grade Ore Supply Ore supply secured – feasibility and approvals work to commence in respect to construction of the processing plant Construction of the processing plant can potentially be commenced within 18 monthsNear Term Production Extensive infrastructure network including Port, Rail and Road Long term history of handling and processing imported ore from New Caledonia/Philippines/Indonesia Skilled labour and engineering supportBattery Market Fundamentals Strong fundamentals for battery chemicals (Ni Sulphate / Co Sulphate) Nickel resurgence Majority of world’s cobalt comes from DRC – QPM offers supply from a stable jurisdictionTownsville Location Combined 75+ years nickel laterite experience and experience in New Caledonia Extensive expertise with dealing with off takers for nickel and cobalt Strong project development knowledge.
