The stock Exchange:SIX:BLS

June 2020

Blackstone Resources invests where it matter

We give you exposure to the biggest structural trendof 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 miningbattery 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 copperNorway: rare earths, nickel und copperColumbia: manganese

Battery technology: Schweiz: solid state, 3D printing

How we realise our visionStrategy

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 Royaltyagreement

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

Batteryproduction

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 lithiumconcessions

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 1Size: 3,050 hectaresBLS Owns 60%

Exploration Zone 2Size: 78 hectares100% purchase option for 36 months

Exploration Zone 3Size: 1,800 hectaresBLS 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 GmbHBattery 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 publishedDecember 17, 2018

1. In our Homepage:www.blackstonresources.ch

(2. Wikipedia to come)

The future is electic!

LMOLiMn2O4

NCALiNiCoAIO2

Example

Tesla Model S

5%Aluminium15%

Cobalt

80%Nickel

100%Cobalt

Example

Apple iPhone

LCOLiCoO2

100%Manganese

Example

Nissan Leaf

NMCLiNiMnCoO2

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

02015 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘26 ‘27 ‘28 ‘29 ‘30

Thousand tonnes

NCALiNiCoAIOs

LCOLiCoO2

LMOLiMn2O4

NMCLiNiMnCoO2

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

02016 2017 2018 2019 2020 2021

Gig

awat

t-h

ou

rs

Electric vehicles

Consumer applications(mobile phones, laptops, etc.)

Stationary energy costs

Source: Bloomberg New Energy Finance, 2017

Aggregate batterycapacity of electricvehicles has surpassedconsumer 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

0

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

0

500

400

300

200

100

0

2008 2022

targetl

Forecast

Battery development in Germany

Example: 3D printing

Final drying

Anodeprint

Separator print

Collectorprint

Cathodeprint

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 AGBlegistrasse 56340 BaarSwitzerland

P +41 41 449 61 63F +41 41 449 61 69info@blackstoneresources.chwww.blackstoneresources.ch

Peru Office

Blackstone ResourcesJr. Cailloma 124Office 309LimaPeru

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 SpAc/o Oscar Musalem Cerro el Plomo 5855, F4Las CondesSantiago de Chile