Panasqueira Tungsten-Tin Mine Presentation
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APPENDIX 7 - MASSIVE GROWTH POTENTIAL IN BATTERY & SEMICONDUCTORS
A ALMONTY
TODAY
SCARCE METAL HIGH DEPENDANCY ON CHINA
Sangdong could solve dependency
Korea - location of the Sangdong mine - imports 94.7% of all tungsten and
is the largest per capita consumer worldwide
Declared "critical raw material" as a result of high supply risk and high
economic importance by most of the countries, e.g. Australia, US, Canada,
EU & South Korea
➤ USA REEShore Act (2022) usage of tungsten sourced from China is
prohibited in any of its military equipment by 2026; in 2023, the European
Commission extended anti-dumping duties on Chinese tungsten carbide
imports for 5 more years
TOMORROW
DOWNSTREAM EXTENSION IN KOREA
Battery & semiconductor industry offers massive additional
growth potential for tungsten market
NANO TUNGSTEN OXIDE
The material to supply the battery anode & cathode
manufacturing industry
The raw material to produce Tungsten Hexafluoride (WF6)
gas used in the production of all semiconductors -> maximizing
Almonty's value through higher margins
40% of global tungsten hexafluoride was consumed in Korea.
Increased focus on niobium tungsten oxide in batteries to reduce charge time and increase
power density. This could result in a material increase from ~1.5kg of tungsten per EV to ~2.5
kg a step change in demand
Rest of World 1,7%
Austria 1,1%
Spain 0,8%
Rwanda 1,3%
Bolivia 1,7%
Portugal 0,6%
Russia 2,7%
Vietnam 5,7%
Total tungsten
production*
84,100t
China 84,4%
ALMONTY'S PRESENCE AS KOREA'S ONLY TUNGSTEN
MINER OFFERS A UNIQUE DOWNSTREAM EXTENSION
Strong government support
In-country experienced technical team
Reducing dependence on Chinese imports is a No.1 priority for
the Korean government
Leary
TESLA
*Source: U.S. Geological Survey, Mineral Commodity Summaries January 2023, est. production in 2022
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