The cumulative combined total of Jetti’s TAM through to the end of 2050 is estimated by CRU to be 234Mt of contained copper. On an annualized basis, the estimated forward- looking TAM is 4.9Mt per year in 2021, increasing to a peak of 7.2Mt per year in 2034, and then declining slightly to 5.6Mt per year by 2050. In addition to these annualized figures, CRU estimate historic mineralized waste constitutes an existing stockpile on which Jetti’s technology could in theory immediately be applied.

CRU forecasts that growing demand in copper driven by the greening of the economy will lead to a significant gap between forecast demand and committed copper production from the mid-2020s, reaching 10.9Mt annually by 2050. If Jetti’s technology were used for 100% of the estimated TAM, it would provide enough copper to meet the majority of this long-term forecast supply gap3.

Based upon current copper prices1 Jetti estimates that its TAM represents $2.4 trillion in potential revenue between now and 2050 and could reach up to $74 billion a year at a peak of 7.2Mt of production, assuming the technology were used for 100% of the estimated TAM.

This study highlights the huge contribution that Jetti can make to enabling the production of copper that will be vital to the world’s transition to clean energy.

Producing up to a potential 7.2 million tonnes of copper a year would go a long way to meeting the long-term forecast supply gap in global copper production. Furthermore, Jetti enables the production of this vital metal in a sustainable and cost-effective manner by transforming waste from low-grade ores into useful copper. Key advantages of Jetti’s technology are that it can be rapidly deployed on existing stockpiles using current infrastructure while consuming less water and producing fewer emissions than traditional technologies.

Jetti’s technology is commercially proven and we have a pipeline of 23 projects at various stages, including five active pilots and three opportunities transitioning to commercial status.

Jetti is uniquely able to work with major mining companies to address the copper supply shortfall, which CRU estimates will grow to 10.9 million tons of copper per annum by 2050. We are hugely excited by this opportunity and look forward to building partnerships across the industry to deliver the copper the world needs.