CRITICAL RESOURCES LIMITED — AGM Information 2022

May 23, 2022

==> picture [326 x 115] intentionally omitted <==

Li Zn Cu Pb Ag

METALS FOR THE CLEAN ASX:CRR | CRITICALRESOURCES.COM.AU ENERGY ECONOMY

AGM Presentation May 2022

==> picture [53 x 540] intentionally omitted <==

DISCLAIMER

This presentation is not a prospectus` nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Critical Resources Limited (Company) and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities or interest in Critical Resources Limited or its projects. The information contained in this presentation has been prepared in good faith by the Company. However, no representation or warranty, express or implied, is made as to the completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, the Company, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of the Company, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act 2001 (Cth) or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ from those referred to in this presentation or to occur as contemplated. The presentation contains only a synopsis of more detailed information available in relation to the matters described in this document and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of losing any of the property invested by you or incurring by you of additional liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this presentation. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

COMPETENT PERSON STATEMENT

The information in this report that relates to Halls Peak exploration results and exploration targets is based on and fairly represents information compiled by Michael Leu, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Michael has sufficient experience that 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’. Michael consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources and Exploration Results for the Block 4 and Block 5 projects in Oman is based on information compiled by Mr Jeremy Whybrow, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Whybrow has sufficient experience that 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 Whybrow consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Whybrow is no longer employed by Critical Resources Limited (formerly Force Commodities Limited) but was at the time of the information.

The information in this reports that relates to Mavis Lake Exploration Results is based on information compiled by Troy Gallik (P. Geo), a Competent Person who is a Member of the Association of Professional Geoscientists of Ontario. Troy Gallik is a full-time employee of Critical Resources Ltd. Troy Gallik has sufficient experience that 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”. Troy Gallik consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

All parties have consented to the inclusion of their work for the purposes of this presentation. The interpretations and conclusions reached in this presentation are based on current geological theory and the best evidence available to the author at the time of writing. It is the nature of all scientific conclusions that they are founded on an assessment of probabilities and, however high these probabilities might be, they make no claim for absolute certainty. Any economic decisions which might be taken on the basis of interpretations or conclusions contained in this presentation will therefore carry an element of risk.

This release is authorised by the Board of Directors of Critical Resources Limited .

==> picture [73 x 26] intentionally omitted <==

2

==> picture [53 x 540] intentionally omitted <==

WHY CRITICAL RESOURCES?

Targeting the clean energy and critical resource economy

==> picture [101 x 94] intentionally omitted <==

==> picture [74 x 74] intentionally omitted <==

SOLUTION Supply of critical metals from high quality, high potential assets for evolving industries and products

PROBLEM

Increasing demand for critical metals compounded by stagnating mine supply and increasing demand

Li Zn Cu Pb Ag

==> picture [82 x 85] intentionally omitted <==

OUR BUSINESS Exposure to critical metals through exploring highquality assets in strategic jurisdictions with significant scale potential

3

==> picture [53 x 540] intentionally omitted <==

Demand for Critical Minerals

The clean energy economy is driving demand for a range of metals in a range of applications

==> picture [624 x 434] intentionally omitted <==

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

Critical minerals for critical technologies
Wind Solar Concentrated Electric Electric Carbon Light Energy Nuclear
Photovoltaic Solar Power Vehicles Motors capture and emitting Storage
storage diodes
Li
Lithium
Cu
Copper
Pb
Lead
Ag
Silver
Zn
Zinc
----- End of picture text -----

“It would be reasonable to expect that all low-carbon energy systems are more likely than not to be more metal intensive than highcarbon systems. In fact, all literature examining material and metals implications for supplying clean technologies agree strongly that building these technologies will result in considerably more materialintensive demand than would traditional fossil fuel mechanisms.”

World Bank low-carbon future scenario study

==> picture [111 x 41] intentionally omitted <==

4

Source: BofA Global Research as at 31 Jan 2020

==> picture [50 x 96] intentionally omitted <==

ROBERT MARTIN

Non-Executive Chairman

Currently Non-Executive Director for Parkd Ltd (ASX: PKD) and Pathfinder Resources Ltd (ASX:PF1) and NonExecutive Chairman for Equinox Resources Ltd (ASX:EQN). Mr Martin has more than 25 years’ experience across a broad range of sectors including, mining, manufacturing, mining services and capital markets.

CORPORATE OVERVIEW

MICHAEL LEU

Non-Executive Director

An exploration geologist with more than 40 years’ experience with Freeport, Getty Oil, Sovereign Gold Company, Queensland Ores, and Precious Metal Resources as well as academic positions teaching paleontology and geology at Macquarie University

$119m $12.1m

ALEX BIGGS

Managing Director

A mining engineer with experience at Venturex Resources, Palisade Capital Corporation, Barrick Gold as well as Principal positions in consultancy and advisory capacities. He also has experience in capital raising, both equity and debt as well as deal structuring and significant commercial expertise.

JIHAD MALAEB

Non-Executive Director

A successful entrepreneur with more than 25 years business experience across marketing and distribution channels.

1.5Bn

ALEX CHEESEMAN

Non-Executive Director

20+ years’ experience in leadership and management roles across a range of industries. He holds a bachelor’s degree in physics and a master’s degree in development and acquisition. Alex is currently the Chief Executive Officer of Morella Corporation Limited (ASX: 1MC).

12-Month Price Chart

==> picture [50 x 96] intentionally omitted <==

==> picture [112 x 40] intentionally omitted <==

6

CANADIAN LITHIUM PORTFOLIO

Li

Province scale strategy with multiple Lithium projects in region

==> picture [50 x 96] intentionally omitted <==

==> picture [576 x 352] intentionally omitted <==

Located in Ontario, Canada. A first class, low risk mining jurisdiction

High-grade exploration results with excellent prospectivity across multiple targets

Well developed road, power and infrastructure as well as highly experienced personnel

Extensive drill program underway returning up to 60% visual spodumene[1, 2, 3, 4]

Clear opportunity for Resource definition

1 - In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available. 2 - The reported intersections are down hole measurements and are not necessarily true width

3 - Descriptions of the mineral amounts seen and logged in the core are qualitative, visual estimates (they are listed in order of abundance of estimated combined percentages). Quantitative assays will be completed by Activation Labs in Dryden, Ontario.

4 - ASX Announcement 17 May 2022 - 23.1m of Visual Spodumene-Bearing Pegmatite Intersected

7

MAVIS LAKE LITHIUM PROJECT Exceptional drill results to date from pegmatite 6

• 5,000m drill program ongoing (commenced April 2022)

• First 14 of 15 holes have intersected spodumene-bearing pegmatite mineralisation (ASX announcement 20 May 2022)[1, 2, 3 (previous page)]

• Intersections include a 23.1m interval estimated at 32% spodumene in drill hole MF22-73 (hole 13) which is a step out hole (ASX announcement 17 May 2022)[1, ] 2, 3, 4 (previous page)

• 28 new targets identified with an intention to extend to a ~10,000m program

• Samples and core from completed drill holes have been sent for analysis

==> picture [50 x 96] intentionally omitted <==

==> picture [465 x 270] intentionally omitted <==

Core comprising almost entirely of spodumene laths. Visual estimates were as high as 60% in metre-scale intervals in MF22-72[1, 2, 3 (previous page)] 88

MAVIS LAKE LITHIUM PROJECT Geophysics confirms further growth potential

==> picture [50 x 96] intentionally omitted <==

• 28 new target areas identified

• 11 high priority targets

• Intention to expand on current 5,000m program

• A key step in an aggressive exploration campaign at Mavis Lake, aiming to define a JORC compliant Resource

• Initial drill program to begin testing strike extent of Pegmatite

==> picture [591 x 392] intentionally omitted <==

9

MAVIS LAKE LITHIUM PROJECT

Historically significant drilling results from 2017 and 2018

==> picture [50 x 96] intentionally omitted <==

• :

• Previous project drilling intersected[1]

• 26.3m @ 1.7% Li O from 111.9m 2

• 7.70m @ 2.97% Li O

• including 2

• 55.25m @ 1.04% Li O from 80.75m 2

• 15.20m @ 1.56% Li O from 75.55m 2

• 6.10m @ 2.33% Li O from 139.25m 2

• 17.90m @ 1.47% Li O from 80.00m 2

• Historic drilling dating back to 1950s

• • Multiple untested targets

• 1ASX Announcement 25th October 2021 – Canadian High Grade Lithium Asset Binding Terms Sheet Signed

==> picture [496 x 340] intentionally omitted <==

==> picture [112 x 40] intentionally omitted <==

10

GRAPHIC LAKE LITHIUM PROJECT

A complimentary acquisition to Mavis Lake

==> picture [50 x 96] intentionally omitted <==

• Increases land holding in Canadian lithium sector

• • Small-scale exploration historically

• Some sampling in early 2000s with anomalous values returned of lithium, rubidium, tantalum beryllium and caesium[1]

• • Pegmatite swarm trending NE/SW with a width of 300m and estimated strike of 5.5km

• • Additional land acquired to cover NE/SW trend – 2,100 Ha in total now held

• • Sampling and surface mapping program planned

• • Natural synergy with exploration works at Mavis Lake – 180km to SW

1ASX Announcement 22 February 2022 - Assay Results Confirm Lithium Enrichment at Graphic Lake

==> picture [546 x 353] intentionally omitted <==

==> picture [112 x 40] intentionally omitted <==

11

PLAID AND WHITELOON LAKE PROJECTS In the “Electric Avenue” of Ontario Canada

Plaid and Whiteloon Lake Projects

• 5,700Ha of lithium claims in an area known as the “Electric Avenue”, because of the size and quality of the battery metals deposits

• Pegmatite mineralisation observed across both projects

• 5.5km from Frontier Lithium’s (TSXV: FL) PAK Project - one of North America’s highest-grade, high tonnage hard rock lithium Resources[1]

• Underexplored claims within an emerging lithium province

• Drill target identification underway

==> picture [494 x 291] intentionally omitted <==

• 1ASX Announcement 12 April 2022 – More Land Staked in Electric Avenue Region of Ontario with Works Programs Finalised

==> picture [112 x 40] intentionally omitted <==

12

What’s driving the lithium rush?

Lithium is currently one of the most sought-after commodities in the world

More EVs on the road

Rising consumer awareness, in addition to government incentives, is supporting the exponential rise in EV sales.

Stagnating mine supply

Committed mine production will not support the sustainable development scenario.

Rise of the Battery Megafactories Battery manufacturers need lithium and other critical minerals to make cells for EVs.

Global Battery Megafactory Pipeline Number of Factories >GWh

==> picture [273 x 189] intentionally omitted <==

Sources: IEA analysis based on S&P Global (2021), ‘Visualising the Global Demand for Lithium’ (Visual Capitalist, 2021)

200 mega-factories in the pipeline to 2030, 60% are already operational

13

The need for Lithium independence in North America

Import-dependent countries like the U.S are scrambling to secure their lithium supply chains

PROBLEM

With China’s dominance in the supply chain, the future of US energy independence could depend on lithium production

Argentina

==> picture [132 x 97] intentionally omitted <==

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

7% Rest of The
World
5%
----- End of picture text -----

==> picture [94 x 96] intentionally omitted <==

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

Chile
22%
----- End of picture text -----

The US has only one lithium–producing mine : Albemarle’s Silver Peak Mine in Clayton Valley, Nevada which produces 5,000 tonnes per year

==> picture [215 x 103] intentionally omitted <==

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

China
Countries
17%
Producing Lithium
Australia
49%
----- End of picture text -----

==> picture [362 x 280] intentionally omitted <==

SOLUTION

More than half of US domestic lithium consumption relies on imports

It is estimated that the U.S. alone will need 500,000 metric tons per year of unrefined lithium by 2034 just to power EVs. The U.S. produces just a fraction of that today

The U.S. and Canadian governments are working to help domestic miners and battery makers part of a strategy to boost regional production of minerals used to make electric vehicles and . counter Chinese competitors

14

Sources: ‘US looks to Canada for minerals to build EV’ (Reuters, 2021), ‘Visualising the Global Demand for Lithium’ (Visual Capitalist, 2021)

==> picture [53 x 540] intentionally omitted <==

==> picture [610 x 511] intentionally omitted <==

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

Operational Plant
Project in Progress Announced in March 2021 its
intention to open in Quebec in
Operational Pilot Line or in Progress 2023 a plant with 5 GWh capacity
Planned a 60 GWh
Announced that they will form a capacity plant in
Joint Venture to operate, Quebec, Canada
starting in 2025 , a gigafactory
of about 40 GWh Announced a battery
cell factory in Quebec;
They have announced a venture (50% each) to start joint Announced a battery plant of about 40 GWh in aims to produce GWh by 203010
building a gigfactory in the USA Ontario, with production to
(the final location has not yet start in early 2024
been determined)
Since 2019 it has a pilot
production line for solid
electrolyte batteries that aims
Announced the first lithium- to scale up to a Gigafactory by It has a 50 GWh capacity
2023 plant in Holland, Michigan
ion battery manufacturing
facility wholly owned by a U.S.
company to build in
Maricopa(Arizona). Announced in March 2021 its
agreement with General Motors
to develop a pilot line starting in
2023 in Woburn (Massachusetts)
Recently announced an R&D
center to accelerate the
market introduction of solid-
state batteries (exact location
to be determined) Aims to develop a plant by 2022 with a capacity
of 1 GWh (expandable to more than 15 GWh)
It has launched a pilot line in
2021 , which it expects to scale This joint venture plans to open a plant
up in 3 years. in Lordstown (Ohio, with 30-35 GWh )
in 2022 and in Spring Hill (Tennessee)
in 2023 (with similar capacity)
Working on the development of its first
pilot line in San Jose (California) with the
objective of scaling it up in 2024 Announced a new battery plant in North
Carolina to start operations in 2025
Development of the “Blue Oval 1 GWh plant in
City” project in Kentucky with Jacksonville, Florida
two gigafactories and a third
one in Staton (Tennessee), each
Two operational plants (Nevada with =and Buffalo dedicated to solar cells of = 35 GWh 2GWh ). one with a capacity of 43 GWh It is building two plants in Georgia planned
for 2021 and 2023 , with initial capacities
It expects to open its new gigafactory in Austin (Texas) with up to and has a pilot line in Fremont (California) 100 GWh by the end of 2021 2 GWh Tennessee plant in Clarksville, (2022) Announced a in Alabama lithium-ion packs for electric SUV’s to produce the new battery plant of = 10 and =the potential to increase beyond 12 GWh respectively (with 25 GWh )
Source: CIC energiGUNE
----- End of picture text -----

North American battery initiatives North America accelerates its commitment to the development of the Gigafactory industry

Project / Promoter	Location	Planned Capacity	Starting Year	Latest News
(Joint Venture between GM and LG Chem)	Ohio	35 GWh	2022	These three projects are expected to be joined by a fourth that both GM and LG Chem have already announced they intend to launch in the medium term
	Tennessee	35 CWH	2023
	Michigan	50 GWh	2025
	Kentucky	43 GWh (x2)	2026	The three projects are part of the “Blue Oval” initiative, which aims to create a reference hub for the battery sector and its associated industry
	Tennessee	40 GWh	2025
	Georgia	25 GWh (x2)	2021 - 2022	At least one of the two projects is expected to be operational by the end of this year
	Ontario	40 GWh	2024	Through these two plants, Stekkantis aims to supply all its factories in the USA, Canada and Mexico
	TBD	40 GWh	2025
	North Carolina	TBD	2025	The company is expected to announce new projects to meet its ambitious plans
	Texas	100 GWh	2021	It expects to start production at its plant later this year
	Quebec	60 GWH	TBD	Following the announcement of the project in October last year, it is working to accelerate its implementation
Stromvolt	Quebec	10 GWh	2023	It has recently accounced this project, which aims to be fully operational by 2030

Source: CIC energiGUNE

Lithium

A key driver for the clean energy economy

• Lithium is crucial for the transition to renewables and electric vehicles

Primary supply requirement Secondary supply

• According to the International Energy Agency (IEA), lithium will experience the fastest growth in mineral demand in the sustainable development scenario by 2040, growing by over 40 times

• Developed countries are looking to establish their own sustainable battery metal supply chains and manufacturing industries

• New technologies and R & D developing quickly yielding multiple new applications

==> picture [50 x 96] intentionally omitted <==

“Mavis Lake and Graphic Lake represents the company’s clear intent to acquire relevant, highquality projects in first class jurisdictions. Both are excellent projects with significant potential that will add real value. The lithium market is exciting, and we believe it will remain strong moving forwards”

Alex Biggs – Managing Director

==> picture [112 x 40] intentionally omitted <==

16

Source: IEA, Primary supply requirements for lithium by scenario, 2020-2040, IEA, Paris https://www.iea.org/

==> picture [50 x 96] intentionally omitted <==

HALLS PEAK BASE METAL PROJECT Highlights

==> picture [85 x 70] intentionally omitted <==

==> picture [57 x 57] intentionally omitted <==

Right geological setting for large scale massive sulphide mineralisation

Historically shallow mining and exploration – no previous exploration beyond 200m depth

==> picture [86 x 74] intentionally omitted <==

==> picture [95 x 63] intentionally omitted <==

VTEM conductor setting analogous to McArthur River deposit

Current drill program at Gibsons has delivered exceptional intersections

Pb Cu Ag

Zn

==> picture [85 x 68] intentionally omitted <==

Potential to host large scale SEDEX style deposit

==> picture [109 x 76] intentionally omitted <==

Strong geophysical targets identified from VTEM survey

==> picture [112 x 40] intentionally omitted <==

17

==> picture [50 x 96] intentionally omitted <==

HIGH-GRADE BASE-METALS IN NSW New England fold belt - massive sulphide potential

Halls Peak Project

•	Located in prolific New South Wales base-metal region close to historic
	and currently producing mines
•	Historic, small-scale mining at Halls Peak
•	Drilling underway with ~6,400m drilling program to target base-metal
	hosted massive sulphide mineralisation at theGibsonandSunnyside
	prospects
•	Exceptional intersections fromGibsonsinclude:
	o 12.45m @ 10.91% Zn 5.73% Pb , 1.15% Cu, 331.63g/t Ag and 1.50g/t Au1
	o 5.3m @ 26.29% Zn, 12.49% Pb, 1.28% Cu, 49.18g/t Ag, 0.15g/t Au2
	o 3.6m @ 15.06% Zn, 8.38% Pb, 0.69% Cu, 37.51 g/t Ag3
	o 7.53m @ 4.20% Zn, 0.39% Pb, 0.39% Cu, 19.15 g/t Ag4
	o 7.18m @ 3.63% Zn, 1.89% Pb, 0.77% Cu, 15.82 g/t Ag4
•	Intersected mineralisation in all initial holes
•	Targeting large-scale SEDEX type deposit
	1ASX Announcement – 11 Jan 2022
	2ASX Announcement – 09 Feb 2022
	3ASX Announcement – 09 Mar 2022
	4ASX Announcement – 21 Feb 2022

==> picture [288 x 411] intentionally omitted <==

==> picture [112 x 40] intentionally omitted <==

18

HIGH-GRADE BASE-METALS IN NSW

Further planned exploration for Gibsons and Sunnyside

Gibsons

• ~4,700m drill program underway

• Geophysical data has identified deeper massive sulphide targets

• Deeper holes to be surveyed by DHEM to identify further extensions of mineralisation at depth

• Previous exploration in 2016 identified high grade massive sulphides – also encountered in numerous holes in current drill program

• Holes are designed to confirm near surface mineralisation and deeper SEDEX potential to a maximum depth of up to 500m

Sunnyside

“The deeper exploration at Sunnyside provides the opportunity to begin understanding the larger Halls Peak system. Combined with the Gibsons’ drill program we expect to begin to delineate a significant base metal resource that will potentially prove transformational for the company and its shareholders.”

Alex Biggs – Managing Director

• Planned 3 holes (1,700m)

• Large scale SEDEX target identified with no previous exploration

==> picture [50 x 96] intentionally omitted <==

• A total of three new targets identified through re-interpreted VTEM

• survey

1ASX Announcement – 19 November 2021

==> picture [112 x 40] intentionally omitted <==

19

==> picture [50 x 96] intentionally omitted <==

GIBSONS TARGETS

==> picture [408 x 464] intentionally omitted <==

SUNNYSIDE TARGETS

==> picture [451 x 464] intentionally omitted <==

20

HIGH-GRADE BASE-METALS IN NSW

Previous exploration results and current drill program at Gibsons

==> picture [50 x 96] intentionally omitted <==

==> picture [327 x 413] intentionally omitted <==

==> picture [476 x 351] intentionally omitted <==

==> picture [112 x 40] intentionally omitted <==

21

BLOCK 4 AND 5 COPPER PROJECT - OMAN

Cu Au

Highlights

==> picture [50 x 96] intentionally omitted <==

==> picture [68 x 67] intentionally omitted <==

Located 2.5 hours drive from Dubai (United Arab Emirates), 2 hours from Muscat (Oman capital)

==> picture [79 x 76] intentionally omitted <==

Mining friendly jurisdiction

==> picture [74 x 75] intentionally omitted <==

Low-cost operating region

==> picture [75 x 63] intentionally omitted <==

Local Copper processing operations

==> picture [74 x 67] intentionally omitted <==

Well developed road, power and port infrastructure

Cu

Multiple copper projects in region

==> picture [112 x 40] intentionally omitted <==

22

A High-Grade Copper Asset with Near Term Development Potential

An opportunity to take a strategic land position in an established mining province in Oman

==> picture [503 x 457] intentionally omitted <==

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

Key Highlights
Commodity Projects
Copper
Maqail (120kt @ 4.2% Cu),
Mahab 4 (700kt @ 3.3% Cu)
Drilling Highlights
Metallurgy
55m @ 6.32% Cu
from 63m at Mahab >90% recovery, >20% Cu
concentrate. Standard milling
and flotation process flow sheet
Location
Access/Infrastructure
Sohar, Oman.
Concentrator within 50km,
Deep water port, Roads, Power,
Multiple mining operations
JORC 2012 Resource Ownership
819kt @ 3.4% Cu for Block 4 (51%), Block 5 (65%),
28kt Cu metal Exploration near Block 10 (70%)
BLOCK 4 & 5 PROJECTS
----- End of picture text -----

Project Area & Jurisdiction

• Block 4 (403km[2] ), Block 5 (598km[2] )

• Located 40km south of Sohar, Oman

• Cu rich Ophiolite Belt

• Low fuel and labour costs

• Oman government keen to attract foreign investment

• Cheap debt funding opportunities through government

Copper Market

• Cu price doubled in last 24-months

• EV and green energy applications driving prices

• • Economic boom post COVID

Geological Setting & Targets

• Cyprus style VMS deposit

• Located on contact of Geotimes and Lasail Basalt flows

• Forms part of Samail Ophiolite of North Eastern Oman

• • Multiple VMS deposits in region

• Supergene enriched zones demonstrate high-grade

Project Development Opportunities

• Near term low capex development

==> picture [112 x 40] intentionally omitted <==

• Headline exploration grades

• Multiple targets

• Multiple partnership/JV opportunities

• Critical infrastructure in place

23

2012 JORC COMPLIANT RESOURCE ESTIMATE

• Cyprus style VMS deposits

• Measured, Indicated and Inferred Mineral Resources located in Block 5 contain 0.8Mt at 3.4% Cu (JORC 2012)

• 1,001 km² granted Exploration Licences

• Consistent high grade

• Simple geometry close to surface

• Simple metallurgy with no penalty elements

• located in close proximity to existing roads, power and water infrastructure

Mahab 4 and Maqail South Total Mineral Resource Estimate 0.5% Cu Cut-off

==> picture [50 x 96] intentionally omitted <==

Classification	Ore Tonnes	Cu	Au	Ag	Cu	Au	Ag
	Tonnes	%	g/t	g/t	Tonnes	Ounces	Ounces
Measured	307,000	5.3	0.3	14	16,300	3,000	143,000
Indicated	279,000	3.6	0.3	8	10,000	2,700	70,000
Inferred	234,000	0.7	0.02	1	1,700	200	6,000
Total Project	819,000	3.4	0.2	8	28,000	5,900	220,000

==> picture [112 x 40] intentionally omitted <==

1ASX Announcement – 1 September 2020

24

MAHAB AND MAQAIL

HIGH-GRADE, WELL-DEFINED COPPER RESOURCES

==> picture [50 x 96] intentionally omitted <==

==> picture [478 x 221] intentionally omitted <==

==> picture [478 x 212] intentionally omitted <==

==> picture [368 x 439] intentionally omitted <==

==> picture [53 x 540] intentionally omitted <==

SUMMARY

Li Zn Cu Pb Ag

==> picture [85 x 85] intentionally omitted <==

==> picture [66 x 66] intentionally omitted <==

==> picture [71 x 73] intentionally omitted <==

==> picture [69 x 63] intentionally omitted <==

Critical Minerals High Quality Asset Markets Base

Focused Growth Strategy

Management Team

Well financed with clear strategy to define highquality exploration targets, increase the value proposition of the business and drive shareholder value

Dynamic management team brings experience from operations, corporate, exploration and commercial. All the ingredients required for company growth

High quality assets in key commodities and jurisdictions. Canadian Lithium Portfolio and Halls Peak, NSW present transformational opportunities

Base metals and critical minerals markets are strong, particularly lithium with supply side shortages

==> picture [910 x 178] intentionally omitted <==

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

26
----- End of picture text -----

==> picture [338 x 180] intentionally omitted <==

ASX:CRR | CRITICALRESOURCES.COM.AU

For more information, please contact

Li

Zn

Cu

Pb

Ag