BAYAN MINING AND MINERALS LIMITED — Investor Presentation 2021

Aug 31, 2021

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ASX:BMM

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Attractive value proposition

• 336km[2 ] of lithium-borate project area located in the Vardar trend

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Exposure to critical green & technology materials, lithium and borate

• Both included in European Commissions Critical Raw Materials (CRM) report 2020[1]

• Boron critical to everyday life given its wide-ranging industry & agriculture uses

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Key strategic partnership

• Collaboration agreement in place with Sandfire Resources Ltd

• Balkan to benefit from technical and strategic resources of this relationship

Exciting exploration potential

• Rekovac target remains open along strike and at depth

• EU plans for lithium self sufficiency by 2025[2]

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  - industrial minerals

• Successful executive management career including serving

• 25+ years’ experience at partner & board level with Deloitte and currently Director of Indian Ocean Corporate, a boutique

• Over a decade in the resources industry in Australia with considerable corporate experience within the industry

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– Dejan Jovanovic General Manager, Exploration

• Dejan is a geologist with more than 15 years’ experience in mineral exploration and mineral deposit evaluation.

• He possesses specialist expertise in lithium, borates and base metal mineral deposits and exploration methodology.

• Mr Jovanovic implemented and encouraged the highest standards of technical and operational excellence across multiple project support groups.

• He has held numerous positions throughout his career including notable roles with Rio Tinto (Serbia) where he worked on Rio Tinto’s Jadar lithium-borate deposit; senior exploration roles with Lithium Li Ltd / Pan Global Resources Inc. serving as a key leadership capacity for exploration programs in the Balkans. Dejan has also acted as a exploration management consultant to various clients including European Lithium and General Manager Exploration for Jadar Resources Limited (ASX: JDR).

• Graduate of Economic and Exploration Geology at the University of Belgrade and a member of the Professional Geological Societies a fellow of the European Federation Geologist (CP under JORC).

Nenad Loncarevic – Senior Exploration Geologist

• Nenad has 30 years’ of mineral exploration experience. He is highly experienced in target generation, project evaluation and exploration program implementation for gold, base metals and industrial minerals. Nenad possesses an outstanding knowledge of many deposit styles with particular strengths in poly metallic systems and sedimentary type deposits.

• Prior to joining BMM, Nenad held senior exploration roles with companies including Medgold Resources Corp. (TSX.V: MED), Ultra Lithium (TSX-V: ULI) & Dundee Precious Metals Inc. (TSX: DPM).

• Nenad holds a Master of Science in Economic and Exploration Geology from the University of Belgrade.”

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Europe
Inc. UK and Norway
PEV sales 0.3m
aggressively 2017
1.18m
2020
material2 3.91m
2025
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Europe and China to dominate passenger PEV sales and growth to 2025

Lithium Hydroxide (US$/kg)

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China EU27 UK Norway US Other countries Penetration rate
$18.00
10 12
$16.00
9
$14.00 8 10
$12.00 7 8
6
$10.00
5 6
$8.00 4
4
$6.00 3
$4.00 2 2
1
$2.00 0 0
2017 2018 2019 2020 2021 2022 2023 2024 2025
$-
(%)
rate
sales (million units)
Penetration
PEV
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Forecast EV consumption to hit 90%[1] by 2030, or 2 million tonnes by 2030[2]

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Boron Markets An essential mineral for modern society

Boron

• Borates integral to everyday life, 300+ applications

Factors Driving Demand

• Boron containing minerals are among the rarest minerals on earth

• No primary boron production in EU

• European Commission critical material status[1]

• Substantial deposits of economically mineable borates are rare

• 2nd most applied raw material in key technologies identified[2]

Turkey 40%

USA 25%

South America, Russia & China = 35%

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– Energy Conservation Increased insulation provides savings through less reliance on cooling and heating

– Decarbonisation Increased demand as the world generates energy from renewable resources such as solar panels and wind turbines in place of fossil fuels

– Communications Increased use of special borosilicate glass in phones and personal devices

– Population growth Boron is and essential micronutrient for plant life. With a 40% increase in population by end of century, significantly higher agriculture levels required

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Source: European Commission, Study on the EU’s list of Critical Raw Materials – Final Report (2020)

2. Source: European Commission, Critical materials for strategic technologies and sectors in the EU, a foresight study, 2020

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ASX:BMM

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