The stock Exchange: SIX:BLS June 2020 Blackstone Resources invests - - PowerPoint PPT Presentation

The stock Exchange: SIX:BLS

June 2020

Blackstone Resources invests where it matter We give you exposure to the biggest structural trend

• f the 21 century

THE BATTERY REVOLUTION!

Why this matters

Because we are moving from here ... … to here

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.

Vision

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

Battery metals and technology Portfolio of interests Portfolio

Cheque size Cash-flow Risk Return MEDIUM TO LARGE MEDIUM TO LONG TERM HIGHER HIGHER Exploration: Canada: cobalt, nickel and copper Norway: rare earths, nickel und copper Columbia: manganese Battery technology: Schweiz: solid state, 3D printing How we realise our vision

Strategy Cash-flow assets

SMALL TO MEDIUM NEAR TO MEDIUM TERM LOWER LOWER Production: Peru: gold and silver Hoe we will pay for our vision Production: Peru: gold and silver Trade: Erze Various Commodity

Licenses

• Gold
• AU 2 m oz.

Ongoing Exploration

• Rare Earth: 2%

NSR Royalty agreement

CANADA

Production

• Start: 12.20
• Cobalt
• 25´000 t /

year Status: 06.2020 Head Office

COLUMBIA

Licenses

• Manganese

Resources

• 6,2 mn t MnO2

NORWAY PERU SWITZERLAND

Battery production

Germany CHILE

Licenses

• Lithium

Licenses

• Gold

Production

• Within 12-24
• 1-7 kg/d AU

INDONESIA

Joint-Venture

• Nickel
• Iron

MONGOLIA

• Off-take

agreement

• 3% NSR Royalty

agreement

Assets

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 Size: 3,050 hectares

BLS Owns 60%

Exploration Zone 2 Size: 78 hectares

100% purchase option for 36 months

Exploration Zone 3 Size: 1,800 hectares

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

Project Production in Europe of 100 million batteries for the use of electric vehicles. Roll out of production in different phases. Equivalent corresponds to 1,250,000 KWh p.a. or 25,000 electric vehicles to 50 KWh Investment Euro 200 million for the first phase. Knowhow through a new production process, which is patented by us. Funding EU for battery research state and Germany for structurally poor areas Location State of Thuringia or France Customer Automotive industry in Europe Battery standard Defined by BBC (Blackstone Battery Code) Supplier Supply and production of raw materials by Blackstone Planning and Execution Blackstone Research GmbH, Erfurt Project Manager In process Retail price Target of less than Euro 100 proKWh. (Today's prices according to Tesla approx. 150 to 200 per KWh)

Blackstone Research GmbH

Battery Project Thuringia

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.

Research on battery technology

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!

LMO

LiMn2O4

NCA

LiNiCoAIO2

Example

Tesla Model S

5% Aluminium 15% Cobalt 80% Nickel 100% Cobalt Example

Apple iPhone

LCO

LiCoO2

100% Manganese Example

Nissan Leaf

NMC

LiNiMnCoO2

33.3% Cobalt 33.3% Nickel 33.3% Manganese Example

Tesla Powerwall

The chemistry of Cathodes

Demand of battery metals

iPhone Tesla Model S Nissan Leaf Tesla Powerwall Graphite Nickel Aluminium Copper Lithium Cobalt Manganese 2,500 2,000 1,500 1,000 500 2015 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘26 ‘27 ‘28 ‘29 ‘30 Thousand tonnes

NCA

LiNiCoAIOs

LCO

LiCoO2

LMO

LiMn2O4

NMC

LiNiMnCoO2

Cathode Type

100% 33.3% 33.3% 33.3% 80% 15% 5% 100%

Source: Blackstone Resources, New Energy Finance

Demand for battery capacity is rising

140 120 100 80 60 40 20 2016 2017 2018 2019 2020 2021 Gigawatt-hours Electric vehicles Consumer applications (mobile phones, laptops, etc.) Stationary energy costs

Source: Bloomberg New Energy Finance, 2017

Aggregate battery capacity of electric vehicles has surpassed consumer electronics

What is driving this trend

Source: Cairn ERA; US Department of Energy, Economist * includes Tesla’s gigafactory

10 20 30 40 50 2017 2020 Panasonic* (Japan) CATL (China) BYD (China) LG Chem (South Korea) Samsung SDI (South Korea)

Manufacturing capacity

Gigawatt hours per year

What is driving this trend

Source: Cairn ERA; US Department of Energy, Economist * includes Tesla’s gigafactory

Battery cost Battery density

Weltweit, $/kWh Watt –hours per litre 1,000 800 600 400 200 500 400 300 200 100 2008 2022 targetl Forecast

Battery development in Germany

Example: 3D printing

Final drying Anode print Separator print Collector print Cathode print Fixing Fixing Fixing ➢ 3D printing machines are already well developed in difference industries

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

Conclusion

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

Head Office Switzerland Blackstone Resources AG Blegistrasse 5 6340 Baar Switzerland P +41 41 449 61 63 F +41 41 449 61 69 info@blackstoneresources.ch www.blackstoneresources.ch Peru Office Blackstone Resources

• Jr. Cailloma 124

Office 309 Lima Peru Other Offices

• Oslo, Norway
• Tortola, BVI
• Bogota, Colombia
• Cobalt, Canada
• Erfurt, Germany

Contact Contact for investor questions: ir@blackstoneresources.ch, Tel.: +41 41 449 61 63 Chile Office Blackstone Resources Chile SpA c/o Oscar Musalem Cerro el Plomo 5855, F4 Las Condes Santiago de Chile