Investor Presentaiton
NICKEL ASIA CORPORATION
INVESTMENT IN HPAL PROJECTS
Most successful implementation of
HPAL technology in the world.
End products are refined in Japan by
Sumitomo Metal Mining and ultimately
utilized in the production of EV
batteries.
Provides captive market for our low-
grade limonite ore, that would
otherwise end up as waste materials,
thereby enhancing the profitability of
Rio Tuba and Taganito mines.
Location
Equity Ownership
Project Cost / Year
Nameplate Capacity
Ore Supply (2022)
NAC's Equity Earnings
(2022)
Technology
Product
Coral Bay
Palawan, adjacent to Rio
Tuba mine
15.625%
$508 Million / 2005
20,000 Ni-Ton
3.1 million WMT
PHP189.7 million
Taganito HPAL
Surigao Del Norte,
adjacent to Taganito
mine
10%
$1.59 Billion / 2013
30,000 Ni-Ton
4.4 million WMT
PHP752.4 million
High Pressure Acid Leach (HPAL) process licensed
from Sumitomo Metal Mining
Ni-Co sulfide sold exclusively.
to Sumitomo Metal Mining
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