Number of New Mines Needed

New high-grade nickel discoveries that can produce nickel at low cost and with a small footprint have all but dried up

Globally, the Tamarack Project is one of only three 21st century high-grade nickel sulphide discoveries with resources on infrastructure

At the same time, high-grade underground nickel mines are being depleted

Future nickel expansion is therefore expected to come from laterites in Indonesia and the Philippines

One of the most successful laterite projects required $2.1B in CAPEX and took 5 years from construction to reach maximum capacity of 35,400 tonnes of nickel per annum
This implies that 36 new mega-projects have to be completed and reach capacity at an estimated $75B of new investment by 2029

Talon Metals Corp.

165 Warren Street Tamarack, MN 55787

Craigmuir Chambers

P.O Box 71
Road Town, Tortola
British Virgin Islands

Tel: +1 4163619636

Fax: +1 4163610330

About

Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon’s shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has an agreement with Tesla Inc. to supply it with 75,000 metric tonnes (165 million lbs) of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over an estimated six-year period once commercial production is achieved. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.