ACCELERATE RESOURCES LIMITED — Investor Presentation 2021

Sep 2, 2021

==> picture [140 x 94] intentionally omitted <==

Western Australian High-Grade Manganese Company

Future Supply to the Steel and Battery Industry

September 2021 Investor Update | ASX:AX8

Important Notice and Disclaimer

This presentation has been prepared by Accelerate Resources Limited (Accelerate or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company that would require a disclosure document under the Corporations Act 2001 (Cth) (Act) or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.

This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regarding to their objectives, financial situation and needs. Neither Accelerate nor any of their related bodies corporate is licensed to provide financial product advice.

==> picture [77 x 51] intentionally omitted <==

and should obtain independent professional advice before may any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultant or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative.

Some statements in this presentation regarding future events are forward-looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions.

Refer to Prospectus dated 30 November 2017 for a list of complete exploration results and JORC Table 1 disclosures for reported exploration results on the Mt Read, Bulgera and Mount Monger Projects that appear in this Presentation.

This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied.

There are a number of risks, both specific to Accelerate, and of a general nature which may affect the future operating and financial performance of Accelerate, and the value of an investment in Accelerate including and not limited to title risk, renewal risk, economic conditions, stock market fluctuations, cobalt demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve estimations, native title risks, foreign currency fluctuations, and mining development, construction and commissioning risk.

You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Accelerate. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation

2021 September Presentation | ASX: AX8

2

Manganese – Powering the Next Generation of Lithium–Ion Batteries

==> picture [77 x 51] intentionally omitted <==

==> picture [960 x 400] intentionally omitted <==

----- Start of picture text -----

Ref: Roskill 8/10/2020 Industry News
----- End of picture text -----

Visual Capitalist

2021 September Presentation | ASX: AX8

1USGS Minerals Yearbook 2019, 2.Flook R (2019) Manganese: The Black Art. 3.CSIRO 2021 Critical Energy Minerals Roadmap

3

High-Grade Manganese Opportunity in Western Australia

==> picture [77 x 51] intentionally omitted <==

Manganese (Mn) - A Critical Industrial Metal

• Mainly used in steel production

• A key raw material for lithium-ion batteries

Global Demand Increases Driven by:

• Increased demand – Global economic recovery from Covid-19 drives Construction

• Increasing demand from battery producers

Increasing Risk of Supply Disruption

Unique Deposit – Surface Enriched + Structure Controlled

• Under explored 187km[2] prospective area

• Near surface potential

• Structurally controlled Woodie Woodie style

• High-grade deposit potential

• Close to infrastructure

Experienced Team

• Track record of execution

• Experienced manganese exploration and development team

==> picture [471 x 400] intentionally omitted <==

2021 September Presentation | ASX: AX8

4

Experienced Leadership

==> picture [79 x 95] intentionally omitted <==

==> picture [79 x 95] intentionally omitted <==

Richard Hill Non Executive Chairman

Yaxi Zhan Managing Director

Founding Director with nearly 15 years experience in the mining industry in Australia and China. Skilled in Management and Business Development, with previous roles with ASXlisted resource companies.

Commercial geologist with 25 years’ experience in the resources industry. He has performed roles as in house lawyer, commercial manager and geologist for several mid cap Australian mining companies and as founding director for a series of successful ASXlisted companies.

Well connected in ChinaAustralia business groups and has worked with various private and stateowned Chinese resource companies operating in Australia.

Mr Hill is currently the Chairman of New World Resources Ltd and nonexecutive director for Sky Metals Ltd.

==> picture [77 x 51] intentionally omitted <==

==> picture [102 x 99] intentionally omitted <==

==> picture [80 x 95] intentionally omitted <==

==> picture [72 x 92] intentionally omitted <==

Grant Mooney Mike Griffiths Non Executive Director Geological Consultant

Mike Griffiths Ashley Johns Geological Consultant Geological Consultant Geologist with more than 20 More than 35 years of years experience in experience in the minerals exploration, mine geology and energy sector in Australia, Canada and Africa as a and management in Australia and Africa. Project qualified geologist, a Fellow of development expertise in AusIMM and a graduate of the Australian Institute of feasibility level projects with particular focus on resources Company Directors. and mine development.

Background in corporate advisory with extensive experience in equity capital markets, corporate governance and M&A transactions along with a wealth of experience in resources and technology markets. He is a member of the Institute of Chartered Accountants Australia & New Zealand

Multiple discovery and development experience includes the Tanami Gold Project (AUS), the Tusker Gold Deposit (Tanzania) and oversight of the high grade Koka Gold Deposit (NE Africa).

With extensive experience on Manganese projects, and worked for a range of ASX, AIM and TSX listed public companies.

Mr Mooney serves as Director to several ASX listed companies including Carnegie Clean Energy Ltd and Talga Resources.

2021 September Presentation | ASX: AX8

5

Prime Location

==> picture [64 x 84] intentionally omitted <==

240km to 66km to Port Hedland nearest Rail (Bulk Commodity Port) 70km to Woodie Woodie 110km to Manganese Mine sealed road 125km to 187km[2 ] of Marble Bar prospective geology

==> picture [77 x 75] intentionally omitted <==

==> picture [82 x 63] intentionally omitted <==

==> picture [77 x 51] intentionally omitted <==

==> picture [333 x 402] intentionally omitted <==

2021 September Presentation | ASX: AX8

6

Braeside West - Similar Geology to Woodie Woodie

==> picture [77 x 51] intentionally omitted <==

• 139km[2] of prospective ground, 90% covered by the right geology

• Strike length of +25 km

• Manganese mineralisation was found on the surface, forming caps on ridges

• Structural controlled with Numerous N-S faulting is present in the tenement area, similar to Woodie Woodie

• Previous explorers including Jupiter Mines Limited, Pilbara Manganese and Consolidated Minerals

• Historical data containing multiple Manganese targets currently been complied

==> picture [571 x 394] intentionally omitted <==

Ax8.com.au | ASX: AX8

7

Ripon Hill East - Underexplored

• 48km[2] of prospective ground, 90% covered by the right geology

• Untested VTEM target presents on the tenement

• Tenement is mostly unexplored

• Presence of Manganese in streams identified during the recent site visit

• Historical data containing multiple Manganese targets currently been complied

==> picture [77 x 51] intentionally omitted <==

==> picture [484 x 400] intentionally omitted <==

Ax8.com.au | ASX: AX8

8

Unlocking the Manganese Potential

• Proven Manganese province

• Manganese critical mineral for battery and steel metals

• Strategic location with excellent access

• Under explored

• Exploration plan

• Data review and mapping

• Fault interpretation and Manganese alteration

• Define drilling priorities

• Test drill during the due diligence phase

==> picture [77 x 51] intentionally omitted <==

==> picture [405 x 274] intentionally omitted <==

==> picture [208 x 123] intentionally omitted <==

==> picture [192 x 123] intentionally omitted <==

Ax8.com.au | ASX: AX8

9

Comet Gold Opportunity

• Located in historic Murchison Goldfield Area between Meekatharra and Mount Magnet

• 20km southeast of Cue , access via public road

• 100% owned by AX8, tenure covers ~220km[2]

• 20Moz historical gold production within the Cue district

• Shallow high grade historical drill intersects[1] :

• 4m @ 7.08g/t Au from 27m to EOH

• 3m @ 4.53 g/t Au from 60m

• 1m @ 10.4 g/t Au from 27m to EOH

• Accelerate’s recent significant drill results[2 ] include:

• 9m @ 3.89 g/t gold from 34m

• 6m @ 1.11 g/t gold from 30m

• 3m @ 2.23 g/t gold from 27m

• 1 ASX Announcement dated 14 July 2020, “Comet Gold Project Supplementary Information - Exploration review commenced of Comet Gold Project, WA”

• 2 ASX Announcement dated 2 November 2020, “Significant Gold Intersected at Comet Project”

2020 October Presentation | ASX: AX8

10

High Purity Alumina (HPA) and High Purity Quartz (HPQ) Strategy

==> picture [77 x 51] intentionally omitted <==

• CSIRO’s (2021) Critical Energy Minerals Roadmap includes both alumina (HPA) and silicon (HPQ) as critical minerals

• Accelerate has executed a binding agreement to vend its interest in the Tambellup Kaolin Project for a 33.3% interest, in Vytas

• Vytas Resources - An emerging Australian technology materials producer.

• Vytas team has significant experience in Kaolin and HPA, which will fast track value creation for both parties

• This new technology material venture will place Vytas and Accelerate at the forefront of the renewable technology industry

• Accelerate will work with Vytas to advance the projects with a listing planned for early 2022

==> picture [394 x 277] intentionally omitted <==

==> picture [394 x 121] intentionally omitted <==

----- Start of picture text -----

VYTAS RESOURCES
EMERGING SILICA PRODUCER TO FUEL
THE RENEWABLE ENERGY ECONOMY
----- End of picture text -----

ASX Announcement dated 2[nd ] Sep 2021 “Accelerate and Vytas Resources to Develop High Purity Aluminia (HPA) and High Purity Quartz (HPQ) Strategy

Ax8.com.au | ASX: AX8

11

Planned Program of Work

Jul - Aug 2021

• Commenced the Manganese strategy

East Pilbara Manganese Comet Gold Project

• Option agreement signed

• Site visit completed

• Ground Truth - On ground exploration preparation

Sep - Dec 2021

• Mapping and targeting

• Modelling historical results

• Due diligence exploration drilling

• High impact sampling

• Reviewing opportunities

==> picture [77 x 51] intentionally omitted <==

Jan - Jun 2022

• Refine targeting

• Definition drilling

• Met testing

• Exploration targeting results

• Ground Expansion - Two additional tenements granted

• Completed test result analysis

• Initiation of HPA/HPQ - technology High Purity Alumina (HPA) metal strategy and High Quartz (HPQ) Vytas

• Binding Term sheet Signed Tambellup Kaolin - JORC Resource statement

• Targeting Q1 listing

• Resource drilling at Moora

• •

• Tambellup Kaolin - Product Product specification tests specification test

• Moora High Purity Silica Sand - Drilling commencement

Ax8.com.au | ASX: AX8

12

Other ASX Listed Manganese Companies

==> picture [77 x 51] intentionally omitted <==

==> picture [960 x 415] intentionally omitted <==

----- Start of picture text -----

$584M
$500M
$306.5M
$173M
$23.5M
$6.27M $7.65M $11.2M
BCA BYH FRB EMN E25 JMS OMH
The market capitalisation balancing date as at 1/9/2021
EURO MANGANESE
Market Cap. ($M)
ACCELERATE RESOURCES
BLACK CANYON BRYAH RESOURCES FIREBIRD METALS
ELEMENT 25 JUPITER MINES OM HOLDINGS
----- End of picture text -----

The market capitalisation balancing date as at 1/9/2021

AX8

2021 September Presentation | ASX: AX8

13

Why Invest?

Manganese Strategy – Execution

• Experienced execution team

• Under explored 187km[2]

• Near surface large volume

• High grade structural controlled Woodie Woodie style

• Close to infrastructure

100% Owned Comet Gold Project

• High Grade

• 220km[2] premium land holding

• Drill ready

• Multiple targets

• Expanded ground holding

• Reginal consolidation potential

HPA and HPQ Technology Material – Vytas Resources

• Exposed to Vytas Resources - an

• emerging Australian technology materials producer

• Experienced team in Kaolin and HPA.

• Fast track value creation

==> picture [77 x 51] intentionally omitted <==

Other Assets

• 16.6% shareholding in TSX-V Listed Currie Rose Resources

• Option agreement executed with Stunalara – AUD$1M equivalent shares upon completion

The market capitalisation balancing date is 1/9/2021

Corporate Snap Shot

156.8M

Shares on Issue

$1.3M

Cash at Bank (Jun 2021)

$6.2M

Market cap. (@ 4 cents)

$5M EV

2021 September Presentation | ASX: AX8 14 14

Appendix

==> picture [77 x 51] intentionally omitted <==

Reporting of Previous Exploration Results

This announcement includes information that relates to previously reported and historical Exploration Results prepared and first disclosed under the JORC Code (2012) and extracted from the Company’s previous ASX announcements, as follows:

• “Significant Gold Intersected at Comet Project.”. 2 November 2020,

• “AX8 Secures Rights to Acquire Rossland Gold Project Situated in Historical High-Grade Gold Producing Region in B.C. Canada.” 1 September 2020

• “Comet Gold Project Supplementary Information - Exploration review commenced of Comet Gold Project, WA”. 14 July 2020,

• “Exploration review commenced of Comet Gold Project, WA”. 2 July 2020,

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. Where the information relates to Exploration Results the Company confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the relevant original market announcements.

Competent Person Statement:

Information in this release that relates to Exploration Results is based on information compiled by Mr Griffiths, who is the President and CEO of Currie Rose Inc.( TSX-V: CUI). Mr Griffiths is a qualified geologist, a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Griffiths has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Griffiths consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Accelerate Resources Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

2021 September Presentation | ASX: AX8

15

==> picture [134 x 89] intentionally omitted <==

Contacts

Yaxi Zhan Managing Director Mob： 0432 024 792 Email: Yaxiz@Ax8.com.au

Office Address Ground Floor 1/16 Ord Street, West Perth Western Australia 6005

Postal Address PO Box 938, West Perth, 6005 Website www.Ax8.com.au

16