Energy efficient game-changing nickel production technology

1. InnGEO
Game-changing nickel production technology
InnGEO
Innovative geotechnology
Igor Samborsky
Managing Director of the co-investor (MC GOLD)
May 2013

2. Problem
Buildings
White goods
Who can unlock low grade ores?
Sinks Food areas
Industrial
Bus shelter
Batteries (E-cars)Pipes
• >1/3 of known nickel in low grade ores with no tech
to process them (high CapEx and OpEx)
• Sulphide nickel discovery in decline, no more rich ores like Norilsk
niсkel has
• 73% of known nickel is in laterite ores – and only 44% of
production comes from it
• Stainless steel (66% Ni consumption) in increasing application
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3. Our innovation can!
• Unique equipment and IP
• Engineering Services
PRODUCTs
Used for uranium mining > 40 years, successfully
extended to copper and gold
Unique tech
• new method of ore leaching
• sorption process (Lanxess, Dow Chemicals)
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4. Technology and Key advantages
Ni carbonate (Ni ~ 50%), commodity for
industry players
InnGEO
solution
Extraction
wells
Solutions recycling
Pumps
Injection
wells
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$-
$ 20
$ 40
$ 60
$ 80
US$ per kg of annual capacity
$70++ HPAL,FeNi (current tech)
$18+ Heap Leach (in small scale
production, not in CIS)
CapEx
$-
$ 5
$ 10
$ 15
$ 20
US$ per kg of Ni
$15-20, HPAL,FeNi
$12-15, Heap leach
OpEx
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2
1
2
Result
Differential method of in-Situ leaching (2-3x key reagent consumption reducing)
Sorption purification – Ni recovery in the concentrate 96-98% (typically
<90%), 100х impurities reduction = no need in next step refining
Product
$10 In-Situ Leach
(pilot InnGEO)
$9-10 In-Situ
Leach

5. 3
19
26
36
0
100
200
300
400
2015F 2016F 2017F 2018F
InnGEO revenues
World market (others)
Market
InnGEO services - derivative component of the Ni market:
InnGEO NICHE FORECAST
M $
% target market share
4,5%
10,5%
• Global CAGR (‘12-2018) > 5%
• China Ni consumption CAGR
(2000-2010) > 25%
• Innovations targeting low
grade (<1%) laterite ores
2000 2005 2010 2018
500
1000
1500
2000
2500
3000
Probable projects
Existing projects
Consumption
kt
Source: Brook Hunt – a Wood Mackenzie company
Our customer’s Ni plant budget > 100M$ Capex
Our services for 7Y period > 20% of the budget
Our royalties > 3% from revenue
Our NICHE
FORECAST ~
$340M to 2017
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6. Key team members
Development
• Foresight Ventures founder
• > 6 Y investing in IT, cleantech, real
estate (>$200M)
Management
• > 6Y in asset management
(Stronghedge fund partner)
• > 4Y high tech VC (RUSNANO, start
ups)
CTO, R&D
• > 30 Y in R&D -
uranium, gold, copper, nickel
(Rosatom)
Vladislav Sviblov Igor Samborsky
Vladimir Gurov
Chief production officer
• > 6 Y CEO in Dalur (Rosatom)
underground leaching of Uranium
Valery Smyshlyaev
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7. Investment opportunity
InnGEO
Co-investor
(MC Gold)
IP > 3 m$
51%
+1,33 m$
0%
R&D team 23%
+1,33 m$
25%+1
Investor
(TBD)
Seeking ~ 1,33 m$ for 25%+1 equity
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8. InnGEO strong growth path
• An industry-transforming Capex and Opex
• IP – 2 patents RF, protection strategy till 2021
• Pre-pilot successful results (already produced 1.7 tons of
Ni in solution, > 1 000 R&D tests)
• Qualified team with track record, SGS & Lanxess - tech.
auditors
• Co-investor and industry partner invested in our
technology ~ $10M, Sk grant committed ~ $1,33M
• Mechel ready to develop Buruktal deposit after our
successful pilot works / pre-deal structuring with TVEL
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9. Thank you for your attention!
Contact details:
Igor Samborsky
Managing director – Gold mining Co
+7 985 770 14 24
i.samborsky@gmail.com
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