EV Revolution & Implications for the Metals Market

1. Electric Vehicle Revolution &
Implications for the Metals Market
Jekyll Island Conference
October 2017

2. 1
Government regulation is the key driver
towards electrification

3. 2
Battery electric vehicles are becoming
cheaper faster

4. 3
Electric vehicles are simpler and faster to build
compared to internal combustion engines

5. 4
This enables electric vehicles to take a
commanding share of the personal vehicle
market

6. 5
Lithium, nickel and cobalt are key ingredients
for the manufacture of lithium-ion batteries

7. 6
EV ADOPTION WILL FUEL LITHIUM DEMAND
• Global lithium demand increased 15% year-on-year
to 212,000 tonnes LCE in 2016.1
• UBS estimates that Lithium demand could
potentially increase by a factor of 25x assuming
100% of all vehicles sold globally would be
Chevrolet Bolts (a battery electric vehicle), instead
of today’s vehicle sales mix.
Model Type
Battery
Size
LCE
Required Range
2016 Ford Fusion Hybrid HEV 1.4 kWh 1.3 kg -
2016 Chevy Volt PHEV 18.4 kWh 16.6 kg 53 mi
2016 Nissan Leaf S BEV 24.0 kWh 21.6 kg 84 mi
2016 Tesla Model S BEV 70.0 kWh 63.0 kg 240 mi
2017 Chevy Bolt BEV 60.0 kWh 46.2 kg3 238 mi
POTENTIAL LITHIUM DEMAND BASED ON % OF EV SALES2
(thousand tonnes LCE)
0
1,000
2,000
3,000
4,000
5,000
6,000
1% 15% 25% 100%
Source: UBS Global Research report dated May 18, 2017.
Notes:
1. Per research report by Deutsche Bank dated March 6, 2017.
2. Lithium demand estimated internally based upon incremental Lithium demand projected for 100% EV penetration. Assumes only BEVs are sold.
3. LCE required for Chevy Bolt estimated based upon Lithium comprising 2% of total battery pack weight of 436 kg. Converted to LCE by multiplying by 5.3.
25.1x
current Li
demand
6.1x
current Li
demand
3.6x
current Li
demand
current Li
demand
level
EV sales level
today

8. 7
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CobaltDemandKt
Superalloy & Industry (CRU) Chemical ex. EVs (CRU) EV Demand (Base Case) EV Demand (VW/Audi Target) Cobalt Supply Forecast (CRU)
Volkswagen and Audi both target 25% EV
penetration by 2025 highlighting the
material upside to analyst forecasts
Current analyst
forecasts for EV
growth could
represent up to ~2x
the global annual
production of cobalt
in 2015
Material cobalt deficits will arise under current forecasts for EV growth
Projected Deficit 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Deficit (Base Case) (1,691) (1,390) (1,060) (4,806) (11,564) (21,682) (36,317) (56,831) (86,244) (125,493)
Deficit (VW/Audi Targets) (1,691) (2,344) (4,158) (11,701) (23,300) (43,856) (75,255) (124,433) (198,889) (309,087)
Implications of EV Growth on Cobalt Demand
Source: CRU Cobalt Outlook Update (Feb 2017), UBS estimates (Sep 2016), IHS Automotive (Jan 2017), company reports

9. 8
Nickel demand for battery
manufacturing is expected to increase

10. 9
The nickel industry needs to grow in
suitable units

11. 10
▪ Company: LSC Lithium Corporation
▪ Ticker: TSX.V: LSC
▪ Market Capitalization: C$157 million
HIGHLIGHTS
▪ Largest Land Package in the “Lithium Triangle”
▪ Excellent Brine Chemistry
▪ Numerous Near-Term Milestones
▪ Fast-Track to Early Production
Lithium - Top Pick
Disclosure: Michael Beck indirectly holds shares of LSC Lithium Corporation. The information contained in this presentation is not intended as individual investment advice and is not designed to meet your personal
financial situation. The opinions expressed in this presentation are subject to change without notice. The information in this presentation may become outdated and there is no obligation to update any such
information. Do your own due diligence.

12. 11
▪ Company: Cobalt 27 Capital Corp.
▪ Ticker: TSX.V: KBLT; FSE: 27O
▪ Market Capitalization: C$236 million
HIGHLIGHTS
▪ Pure Play Cobalt Investment Vehicle
▪ Underpinned by C$180 Million of Physical Cobalt
▪ Growth Thru Cobalt Royalties & Streams
▪ Transparent Plan for Growth
Cobalt - Top Pick
Disclosure: Michael Beck indirectly holds shares of Cobalt 27 Capital Corp. The information contained in this presentation is not intended as individual investment advice and is not designed to meet your personal
financial situation. The opinions expressed in this presentation are subject to change without notice. The information in this presentation may become outdated and there is no obligation to update any such
information. Do your own due diligence.

13. 12
▪ Company: Giga Metals Corporation
▪ Ticker: TSX.V: GIGA; FSE: BRR2
▪ Market Capitalization: C$14 million
HIGHLIGHTS
▪ 2nd Largest Undeveloped Nickel Cobalt Sulphide Deposit in the World
▪ Current Resources Based on Drilling over Less than 25% of Prospective Geology
▪ Located in an Established Mining Region in British Columbia
▪ Potential to be One of the Largest Cobalt Producers outside of the Congo
▪ Offers 10x Return Potential
Nickel - Top Pick
Disclosure: Michael Beck indirectly holds shares of Giga Metals Corporation. The information contained in this presentation is not intended as individual investment advice and is not designed to meet your personal
financial situation. The opinions expressed in this presentation are subject to change without notice. The information in this presentation may become outdated and there is no obligation to update any such
information. Do your own due diligence.