Brazilian Nickel - nickel and cobalt for Li-ion batteries

Advanced stage project in Brazil, applying proprietary heap-leach technology to treat laterite ores to produce Class 1 nickel and cobalt products for the growing Li-ion battery market.

• The Piauí Mine is a low-cost operation that produces battery-grade nickel and cobalt hydroxides
• First commercial nickel production was achieved in mid-2022
• A significant expansion will take place in 2023 with the development of a larger scale plant to ramp production up to a target of 25kt p.a. of nickel by 2025