Investor Presentaiton
MERDEKA
COPPER GOLD
Merdeka Battery Materials
Various significant EV value chain assets establish MBM as a vertically integrated, global player in the strategic
minerals and EV battery value chain
51.0%
SCM Mine
MERDEKA
BATTERY
MATERIALS
49.0%
Various%
50.1%
HPALS
49.9%
RKEFS (CSI, BSI, ZHN)
80.0% 20.0%
AIM Project(s)
32.0%
68.0%
IKIP
• JORC resource of over:
.
o 1.1 billion dmt of ore
o 13.8Mt nickel (1.22%)
○ Right mix of limonite
(77%) vs saprolite (23%)
for Grade 1 nickel (battery
materials)
o 1.0Mt cobalt (0.08%)
Large, shallow, low cost,
open pit mining within a
21,100 ha concession
Legend
MBM ownership %
Tsingshan ownership %
202x Year Commencing Operations
Various %
Other
•
•
MBM plans to develop at
least 2 HPAL plants to be
constructed at IKIP
MBM will sell nickel limonite
to HPAL plants
First HPAL has a full capacity
of 120ktpa and scheduled to
production in
commence
2025
• MBM intends to own 66% of
the first HPAL
• 2 operating RKEF (CSI, BSI)
smelters in IMIP (combined
nameplate of 38ktpa)
• 3rd
smelter (ZHN) under
construction, scheduled to
start production in 2H23
(nameplate capacity of
50ktpa)
an
• MBM is building converters to
produce nickel matte,
input in the EV battery supply
chain
• AIM will produce acid and
steam for use in HPAL plants,
in addition to producing other
metals such as iron, copper
and gold
• Under
construction and
scheduled to start production
in 2H 2023
~3,500 ha industrial park with
a focus on HPAL plants,
which will benefit from MBM's
huge limonite resource
• IKIP will facilitate other future
MBM partnerships
•
Strong emphasis on ESG and
future plans regarding
renewable energy currently
under evaluation
• ~50km dedicated haul road1
between the SCM Mine and
IMIP (which is haulage grade
but still
being actively
upgraded)
⚫ Other assets include 500 ha
limestone mining concession
with alternate access road
2023
2025
2020 2023
2023
2025
1. Approximately 20km of the haul road is owned by MBM; the remaining approximately 27km is owned by BDM and MBM has signed a long-term agreement to use BDM's haul road for transporting nickel ore.
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