Horizon 1 Electrification
An electric car is six times the mine of a petrol one.
Nine subsystems around one vehicle. The best-documented mineral bill of materials on this site, and the one where our copper position is most directly in the money.
Turn the model, pull it apart, click any component, or filter by a single mineral. Nothing here is a resource statement. It is a search image, which is a different and earlier thing.
Interactive
The exploded view
Drag to turn the model and scroll to zoom. Run the slider from assembled to exploded. Click a component to see what it is made of and whether we hold ground for it, or pick a mineral to light up every place it appears.
A real-time 3D model, built to the subsystem breakdown below rather than copied from any manufacturer. Proportions and part shapes are representative. The numbered component list under the model is the keyboard route through it, and the fallback if your browser cannot run WebGL.
How to read the four tiers. "Ground held" means we have lodged an application over ground selected for that mineral. "Co-target" means our ground is the right geological style to carry it and we intend to assay for it, but we have not yet done so and we make no claim that it is there. "Search image" means it is on our list and we are building the targeting method, with no tenure behind it. "Not pursued" means it is a real input and we have no position and are not looking.
Mass balance
What one car eats
Per vehicle, for an average battery electric passenger car. Plug-in hybrids and heavy vehicles sit either side of these numbers.
| Material | kg per car | Principally in | Provenance | Our position |
|---|
Published = stated by a named third party. Derived = arithmetic on a published figure, with the step shown. Indicative = order of magnitude only, no source, shown so the component is not silently missing.
Mineral content per vehicle after the International Energy Agency: copper 53.2 kg, nickel 39.9, graphite 66.3, manganese 24.5, cobalt 13.3, lithium 8.9, rare earths 0.5, totalling about 207 kg. Aluminium figure for a Tesla Model 3 against an average combustion car. Magnet mass after published motor-design figures at roughly 7.5 g per kilowatt of drive power.
The Honest Footnote
This is the strongest of the four for us, because the copper is real, large, and already priced. An electric car carries roughly twice the copper of a combustion one, and we hold six copper applications.
Two honest caveats. Our rare-earth position is the same unproven one as everywhere else on this site: praseodymium is not yet reported across the portfolio and dysprosium and terbium have never been measured. And electrification destroys platinum group metal demand rather than creating it, which is a reminder that not every metal wins from the same transition.
All seventeen Queensland applications are applications. None is granted. There is no mineral resource, no ore reserve and no JORC public report behind anything shown here.