The stock Exchange: SIX:BLS June 2020
Blackstone Resources invests where it matter We give you exposure to the biggest structural trend of the 21 century THE BATTERY REVOLUTION!
Why this matters Because we are moving from here ... … to here
Vision Blackstone Resources AG focuses on investing, developing and mining battery metals where it sees great future potential. Blackstone Resources AG aims to generate cashflow through its own gold, silver, cobalt, molybdenum and manganese refineries. Blackstone Resources AG carries out its own research, development and production on battery technology.
Business model • Blackstone Resources intends to extend and expand its investment holdings into the acquisition of mining rights, concessions, licenses and mining technologies. • Blackstone Resources will grow its already existing holdings in mineral deposits by the acquisition of further licenses. • Blackstone Resources is seeking special opportunities to purchase commodity assets. To achieve an outperforming capital growth for its shareholders there are no geographical limits. • Blackstone Resources is doing their own research, development and production on battery technology.
How Blackstone Resources was built Portfolio of interests Cash-flow assets Battery metals and technology Strategy Hoe we will pay for our vision How we realise our vision Production: Exploration: Production: Canada: cobalt, nickel and copper Peru: gold and silver Peru: gold and silver Norway: rare earths, nickel und copper Trade: Columbia: manganese Portfolio Erze Various Commodity Battery technology: Schweiz: solid state, 3D printing MEDIUM TO LARGE Cheque size SMALL TO MEDIUM MEDIUM TO LONG TERM Cash-flow NEAR TO MEDIUM TERM HIGHER Risk LOWER HIGHER Return LOWER
Assets Germany Battery production CANADA MONGOLIA SWITZERLAND • Production Off-take • Start: 12.20 agreement Head Office • • Cobalt 3% NSR Royalty • 25´000 t / agreement year PERU Licenses • INDONESIA Gold COLUMBIA NORWAY Production • Joint-Venture Within 12-24 Licenses Licenses • • Nickel 1-7 kg/d AU • • Manganese Gold • Iron • AU 2 m oz. Resources • 6,2 mn t MnO 2 Ongoing Exploration • Rare Earth: 2% CHILE NSR Royalty agreement Licenses • Lithium Status: 06.2020
Blackstone Resources Chile SpA (BLS) Acquired: December 2018 CEO Chile: Paul Schlatter Geologist: Christian Feddersen Status: May 2020 1) 2019 Evaluate and explore lithium concessions 2) 2020-2021 Confirm the exploration hypothesis to sustain potential and preliminary economic analysis
BLS Chile SpA – Region Antofagasta – Salar Pajonales
BLS Chile SpA – Exploration in Salar Pajonales Exploration Zone 1 Exploration Zone 2 Exploration Zone 3 Size: 3,050 hectares Size: 78 hectares Size: 1,800 hectares BLS Owns 60% 100% purchase option for 36 months BLS owns 100%
Peru – Grinding plant
Peru - Gold production process
Peru - staff dormitory
Canada – First Cobalt Corp.
Canada – First Cobalt Corp. cobalt refinery
Canada – Idaho Iron Creek Project
Mongolia Drilling tower Troi Gobi 1 Drilling tower Troi Gobi 2 Drill core and samples Drill core and samples
Norway – BS Norway Ltd.
Norway – BS Norway Ltd. - Svartdal Svartdal, Norwegen
Norway – BS Norway Ltd. - Svartdal Yellow – quartzite, phyllite, shale Bright red – Amphibolite gabbro No color - unknown
Battery development in Germany Blackstone Research GmbH Battery Project Thuringia Project Production in Europe of 100 million Location State of Thuringia or France batteries for the use of electric vehicles. Customer Automotive industry in Europe Roll out of production in different phases. Battery standard Defined by BBC (Blackstone Battery Code) Equivalent corresponds to 1,250,000 KWh p.a. or 25,000 electric vehicles to 50 KWh Supplier Supply and production of raw materials by Blackstone Investment Euro 200 million for the first phase. Planning and Blackstone Research GmbH, Erfurt Knowhow through a new production process, which Execution is patented by us. Project Manager In process Funding EU for battery research state and Germany for structurally poor areas Retail price Target of less than Euro 100 proKWh. (Today's prices according to Tesla approx. 150 to 200 per KWh)
Research on battery technology Blackstone Resources AG has decided to start a research and development programme on new battery technology. • The objective is to develop small and flat batteries for the mobile phone and laptop market. This technology would also have further potential applications across the broader battery market. A whole variety of tech metals will be tested. Any technological improvements in battery technology during the life of the project would also be incorporated. • The company intends to deliver its own tech metals from its own resources and processing facilities. A special production technique will be developed to use these tech metals for battery production at a later stage. • Blackstone Resources believes that automated production processes could also save up to 70% of the actual manufacturing costs. Part of the research and development programme would be dedicated to maximising the efficiency of the production line. • Once fully operational, the company will start either its own production plants or it will partner up with other battery manufactures worldwide and receive a royalty stream. This battery market has the potential to be a multi-billion-dollar market.
Blackstone Batterie Code – New industry standard As published December 17, 2018 1. In our Homepage: www.blackstonresources.ch (2. Wikipedia to come)
The future is electic! The chemistry of Cathodes 100% 100% 33.3% 5% Manganese Cobalt Cobalt Aluminium 33.3% 15% Nickel Cobalt NMC NCA LCO LMO LiNiMnCoO 2 LiNiCoAIO 2 LiCoO 2 LiMn 2 O 4 80% 33.3% Nickel Manganese Example Example Example Example Tesla Model S Nissan Leaf Apple iPhone Tesla Powerwall
Demand of battery metals Graphite Nickel Aluminium Copper Lithium Cobalt Manganese Thousand tonnes Cathode Type iPhone 100% 2,500 LCO LiCoO2 1,500 Tesla Model S 5% 15% NCA LiNiCoAIOs 2,000 80% Tesla Powerwall 33.3% 1,000 33.3% NMC LiNiMnCoO2 33.3% 500 Nissan Leaf 100% LMO LiMn2O4 0 2015 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘26 ‘27 ‘28 ‘29 ‘30 Source: Blackstone Resources, New Energy Finance
Demand for battery capacity is rising 140 Electric vehicles 120 Consumer applications (mobile phones, laptops, etc.) 100 Gigawatt-hours Stationary energy costs 80 60 Aggregate battery capacity of electric 40 vehicles has surpassed consumer electronics 20 0 2016 2017 2018 2019 2020 2021 Source: Bloomberg New Energy Finance, 2017
What is driving this trend Manufacturing capacity Gigawatt hours per year 2017 2020 0 10 20 30 40 50 Panasonic* (Japan) CATL (China) BYD (China) LG Chem (South Korea) Samsung SDI (South Korea) Source: Cairn ERA; US Department of Energy, Economist * includes Tesla’s gigafactory
What is driving this trend Battery density Battery cost Weltweit, $/kWh Watt – hours per litre 1,000 500 Forecast 800 400 600 300 400 200 200 100 0 0 2008 2022 targetl Source: Cairn ERA; US Department of Energy, Economist * includes Tesla’s gigafactory
Battery development in Germany Final drying Example: 3D printing Anode Separator Collector Cathode print print print print Fixing Fixing Fixing ➢ 3D printing machines are already well developed in difference industries
Conclusion In the current environment, Blackstone holds a strong position and has the following success factors: • Participation in the consolidation of the metal-industrial market • Benefit when taking over participations • Low commodity prices open up new opportunities • Future cash flow will finance future growth • Exposure to the next generation of battery technology, including 3D- printed solid-state batteries .
Goal for 2020 • Various acquisitions and mergers are planned • Construction of a production site in Thuringia/Germany • Start of lithium operations in Chile • Start of construction of the second refinery in Peru • Begin cobalt production in Canada, First Cobalt with Glencore
Contact Other Offices Head Office Switzerland Chile Office Peru Office Blackstone Resources - Oslo, Norway Blackstone Resources AG Blackstone Resources Chile SpA - Tortola, BVI Blegistrasse 5 c/o Oscar Musalem Jr. Cailloma 124 Cerro el Plomo 5855, F4 Office 309 - Bogota, Colombia 6340 Baar - Cobalt, Canada Switzerland Las Condes Lima - Erfurt, Germany Santiago de Chile Peru P +41 41 449 61 63 F +41 41 449 61 69 info@blackstoneresources.ch www.blackstoneresources.ch Contact Contact for investor questions: ir@blackstoneresources.ch, Tel.: +41 41 449 61 63
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