Company overview

GME Resources Limited (ASX: GME) is an ASX listed exploration and development company with nickel and cobalt interests in Western Australia. GME’s principal asset is its 100% owned NiWest nickel-cobalt project situated adjacent to Glencore’s Murrin Murrin Operation. In August 2018 the Company completed a Pre-Feasibility Study into the technical and economic viability of a heap leach and direct solvent extraction operation at one of the largest undeveloped nickel/cobalt deposits in Australia.

Investor presentation

Compelling leverage to
nickel and cobalt battery inputs

Lithium-ion battery market dynamics

EVs: The new metals demand battleground

Explosive forecast growth in Li-ion battery demand
Accelerating demand growth for cobalt and nickel
Supply chain pressures: ethical sourcing (cobalt; DRC) and battery purity (nickel; FeNi/NPI)
Buying concentration of existing Co supply sources
Rapid drawdown from high nickel stock levels

The GME opportunity

The NiWest nickel-cobalt project

Scale and life: Resource of 878kt Ni and 55kt Co
Strategic domicile: first world, premier mining jurisdiction of Western Australia, near Murrin Murrin operation
Competitive advantage: heap leachable via existing, proven methods
Footprint: abundant regional infrastructure
Advanced: PFS completed in August 2018

Value capture pathway

A low cost mine delivering premium battery inputs

Low capital expenditure track to substantial Ni/Co production
Direct SX production of battery-ready sulphates
Extensive met testwork and process de-risking
Highly robust and attractive project economics
Significant further value engineering opportunities