Acquisition of Western Areas Limited
Cosmos
The Odysseus Mine at Cosmos is expected to produce nickel in concentrate for 10+ years from FY23
Cosmos Operational Hub
Western Areas' second operational hub
Strategically located between BHP Nickel West's Leinster and Mt Keith mines
Established infrastructure in a prolific nickel camp
igo
Odysseus Mine
Long life, low cost project:
Mine life 10 years
Attractive AISC
AM6:
Provides additional upside
Significant upside:
Follow up drilling commenced on the 22% Ni massive sulphide lenses below
Odysseus
Open mineralisation south of AM6
Cosmos
Tonnes
(Mt)
Ni grade
(%)
Ni tonnes
(kt)
Production & Costs
First production¹
Pre-production Capex²
Concentrate production on schedule for FY23
FY22: A$160M; FY23: A$55M
Odysseus Ore Reserve
8.1
2.0%
165
AM6 Ore Reserve
2.1
2.2%
47
Mineral Resources (including Mt Goode)
67.0
1.0%
656
Mine life (on Ore Reserves)
10+ years
Note: Reserves and Resources as per Western Areas September Quarterly Presentation (ASX: 28 October 2021); 1. As per Western Areas FY21 Results Presentation (ASX: 24 August 2021); 2. As per Western Areas AGM Presentation (ASX: 18 November
2021).
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