NICO Resources : Noosa Mining Conference Presentation

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N osa Mining Conference 20-22 July
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ASX:NC1	1

DISCLAIMER

General Disclaimer:

This presentation has been prepared by Nico Resources Limited ("Nico" or the "Company") for the purpose of providing an overview of the Company. The presentation is based upon information available to the Company at the date of this presentation. The Company makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and to the maximum extent permitted by law takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. This presentation contains information of a general nature. This presentation is not an offer or invitation or inducement to subscribe for, or purchase, securities in the Company. Recipients of this presentation should conduct their own investigation and perform their own analysis before making any investment decision. All persons should consider seeking appropriate professional advice in reviewing this presentation and all other information with respect to the Company and evaluating the business, assets and operations of the Company. Neither the provision of this presentation nor any information contained in this presentation or subsequently communicated to any person in connection with This presentation is, or should be taken as, constituting the giving of investment advice to any person. This presentation is not a prospectus, product disclosure statement, disclosure document or offer document. This presentation has not been approved by Australian Securities and Investments Commission or any other regulatory or supervisory authority.

onlypr jected or implied by such forward-looking statements. Such risks include, but are not limited to, exploration, development and operational risks. The Company does not undertake any obligation to release publicly any revisions to any forward-looking statement to reflect events or circumstances after the date of This presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Forward-looking statements:

This presentation contains forward-looking statements. All statements other than those of historical facts included in this presentation are forward-looking statements, including projections and estimates of

re reserves and mineral resources. Forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed,

useOre reserves, mineral resources and exploration results:

This Presentation contains references to ore reserve estimates, mineral resource estimates and exploration results, all of which have been extracted from the Company's replacement prospectus dated 23

Nov mber 2021 ("Prospectus") released to ASX on 17 January 2022 and which is available for view at the https://www.nicoresources.com.au/and the ASX website at https://www2.asx.com.au/markets/trade-our-cash-market/historical-announcementsusing the ASX code 'NC1'. The Company confirms that it is not aware of any new information or data that materially

affects the information included in the Prospectus about the Company's ore reserves, mineral resources and exploration results and that all material assumptions and technical parameters underpinning the ore reserve and mineral resource estimates in the Prospectus continue to apply and have not materially changed.

C rrency and definitions:

All c rrency in the presentation is in AU$ unless stated otherwise. EBITDA is earnings before interest, tax, depreciation and amortisation and is an unaudited non IFRS measure. C1 Cash Cost ("C1") represents the cost for mining, processing and administration after accounting for movements in inventory (predominantly stockpiles). It does not include proceeds from by-product credits and excludes the cost of royalties and capital costs for exploration, mine development and plant and equipment. All-in-Sustaining Cost ("AISC") and is made up of the C1 cash cost plus royalty expense, sustaining capital expense and general corporate and administration expenses. AISC is an unaudited Non-IFRS measure. All-in Cost ("AIC") is made up of AISC plus growth (major project) capital and exploration discovery expenditure. AIC is an unaudited non-IFRS measure.

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CAPITAL STRUCTURE

		A$74 million
		Market Capitalisation1
only	Cash1
		A$10 million
use	19-Jan-22
nal	IPO Date

1) As at 19-Jul-22(un-audited)

	1.7
	1.5
	1.3
A$/sh	1.1
0.9

0.7

0.5

0.3

19-Jan-22

51%

12,000
10,000
8,000	(000s)
6,000
Volume
4,000
2,000
0

19-Feb-22	19-Mar-22	19-Apr-22	19-May-22	19-Jun-22	19-Jul-22
					Board & Management
17%					Non-Executive Chairman	Warren Hallam
		Metals X		Managing Director		Rod Corps
				Non-Exec Director		Brett Smith
			Blackstone Minerals
	15%
			Company Secretary & CFO	Amanda Burgess
		Board & Management
				General Manager		Fergus Kiley
			Other Shareholders
17%					Ownership
				Board & Management	17%
					Top 20 Shareholders	74.46%
					Top 50 Shareholders	80.13%
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THE GLOBAL GIGAFACTORY PIPELINE TO 2030

And the squeeze on raw commodity supply

Global Gigafactory Growth Profile

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May 2022

304

Sep 2019

102

Sep 2019

102

North America - 23	Europe - 30

China - 226

Asia - 25

Data supplied by Benchmark Mineral Intelligence (https://www.benchmarkminerals.com/membership/global-gigafactory-pipeline-hits-300-china-maintains-lead-but-west-gathers-pace/)

WHAT DOES THIS MEAN FOR NICKEL SUPPLY

only			2020		2025		2030
			2,491GWh		3,439GWh
	755GWh
	Nickel(t)	NMC Total GWh	LFP Total GWh
1,200				1,800			LIB Chemistry Market Share Over Time
NickeluseMetal tonnes '000 (t)				1,089	1,500		2030	50%		50%
900		947
			1,200
				LIB Total GWh
					2025	40%		60%
600				900
				600	2020	30%		70%
300	335				0%	25%	50%	75%	100%
nal				300
							LFP	NMC
0	2020	2025	2030	0				Data supplied by Benchmark Mineral Intelligence
			(https://www.benchmarkminerals.com/membership/global-gigafactory-pipeline-hits-300-china-maintains-lead-but-west-gathers-pace/)