Presentation startup village may 2013

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Presentation startup village may 2013

  1. 1. InnGEOGame-changing nickel production technologyInnGEOInnovative geotechnologyIgor SamborskyManaging Director of the co-investor (MC GOLD)May 2013
  2. 2. ProblemBuildingsWhite goodsWho can unlock low grade ores?Sinks Food areasIndustrialBus shelterBatteries (E-cars)Pipes•  >1/3 of known nickel in low grade ores with no techto process them (high CapEx and OpEx)•  Sulphide nickel discovery in decline, no more rich ores like Norilskniсkel has•  73% of known nickel is in laterite ores – and only 44% ofproduction comes from it•  Stainless steel (66% Ni consumption) in increasing application2
  3. 3. Our innovation can!•  Unique equipment and IP•  Engineering ServicesPRODUCTsUsed for uranium mining > 40 years, successfullyextended to copper and goldUnique tech•  new method of ore leaching•  sorption process (Lanxess, Dow Chemicals)3
  4. 4. Technology and Key advantagesNi carbonate (Ni ~ 50%), commodity forindustry playersInnGEOsolutionExtractionwellsSolutions recyclingPumpsInjectionwells4$-$ 20$ 40$ 60$ 80US$ per kg of annual capacity$70++ HPAL,FeNi (current tech)$18+ Heap Leach (in small scaleproduction, not in CIS)CapEx$-$ 5$ 10$ 15$ 20US$ per kg of Ni$15-20, HPAL,FeNi$12-15, Heap leachOpEx1212ResultDifferential 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 refiningProduct$10 In-Situ Leach(pilot InnGEO)$9-10 In-SituLeach
  5. 5. 319263601002003004002015F 2016F 2017F 2018FInnGEO revenuesWorld market (others)MarketInnGEO services - derivative component of the Ni market:InnGEO NICHE FORECASTM $% target market share4,5%10,5%•  Global CAGR (‘12-2018) > 5%•  China Ni consumption CAGR(2000-2010) > 25%•  Innovations targeting lowgrade (<1%) laterite ores2000 2005 2010 201850010001500200025003000Probable projectsExisting projectsConsumptionktSource: Brook Hunt – a Wood Mackenzie companyOur customer’s Ni plant budget > 100M$ CapexOur services for 7Y period > 20% of the budgetOur royalties > 3% from revenueOur NICHEFORECAST ~$340M to 20175
  6. 6. Key team membersDevelopment•  Foresight Ventures founder•  > 6 Y investing in IT, cleantech, realestate (>$200M)Management•  > 6Y in asset management(Stronghedge fund partner)•  > 4Y high tech VC (RUSNANO, startups)CTO, R&D•  > 30 Y in R&D - uranium, gold, copper,nickel (Rosatom)Vladislav Sviblov Igor SamborskyVladimir GurovChief production officer•  > 6 Y CEO in Dalur (Rosatom)underground leaching of UraniumValery Smyshlyaev6
  7. 7. Investment opportunityInnGEOCo-investor(MC Gold)IP > 3 m$51%+1,33 m$0%R&D team 23%+1,33 m$25%+1Investor(TBD)Seeking ~ 1,33 m$ for 25%+1 equity7
  8. 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 ofNi in solution, > 1 000 R&D tests)•  Qualified team with track record, SGS & Lanxess - tech.auditors•  Co-investor and industry partner invested in ourtechnology ~ $10M, Sk grant committed ~ $1,33M•  Mechel ready to develop Buruktal deposit after oursuccessful pilot works / pre-deal structuring with TVEL8
  9. 9. Thank you for your attention!Contact details:Igor SamborskyManaging director – Gold mining Co+7 985 770 14 24i.samborsky@gmail.com9

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