CRITICAL RESOURCES LIMITED — Investor Presentation 2021

Aug 1, 2021

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HIGH-GRADE BASE METALS FOR THE CLEAN ENERGY ECONOMY ASX:CRR | CRITICALRESOURCES.COM.AU

Investor Presentation August 2021

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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 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 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.

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.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

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

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ALEX BIGGS

MICHAEL LEU

CORPORATE OVERVIEW

Chief Executive Officer

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.

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.

ROBERT MARTIN

Non-Executive Chairman

Currently Executive Chairman of Suvo Strategic Minerals Limited (ASX: SUV) Non-Executive Director for Parkd Limited (ASX: PKD) Mr Martin has more than 25 years’ experience across a broad range of sectors including, mining, manufacturing, mining services and capital markets.

JIHAD MALAEB

JEREMY WHYBROW

Non-Executive Director

Non-Executive Director

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

An exploration geologist with more than 20 years’ experience with Sons of Gwalia Ltd, PacMin Mining Corp Ltd, Teck Australia Pty Ltd, Mount Edon Gold Mines Pty Ltd and Croesus Mining.

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CAPITAL STRUCTURE
$32m $1.5m 1.1Bn
MKT CAP at 2.9cps CASH at June 2021 SHARES ON ISSUE
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WHY CRITICAL RESOURCES?

Targeting the clean energy and critical resource economy

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SOLUTION

PROBLEM

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

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

Zn

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Pb Cu Ag

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OUR BUSINESS Exposure to critical metals through exploring high quality assets with significant scale potential

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Demand for Critical Minerals

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

Cu Copper Pb Lead Ag Silver Zn Zinc Solar Photovoltaic Electric Vehicles Electric Motors Carbon capture and storage Light emitting diodes Critical minerals for critical technologies Source: BofA Global Research as at 31 Jan 2020	Copper Zinc Lead Silver Coal/ Gas Nuclear Hydro Geothermal Onshore Wind Offshore Wind Solar PV Concentrated Solar Energy Storage CCS Metal intensity in energy technologies Source: Morgans Financial July 2021

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HALLS PEAK BASE METAL PROJECT Highlights

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Right geological setting for large scale massive sulphide mineralisation

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

Zn Pb Cu Ag Potential to host large scale SEDEX style deposit

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VTEM conductor setting analogous to McArthur River deposit

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Upcoming drill program to Strong geophysical test geophysical targets at targets identified Gibsons and Sunnyside from VTEM survey

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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

• Previous project drilling intersected:

37.2m @ 8.7% Zn, 3.0% Pb, 85g/t Ag, 1.4% Cu[1] 11.3m @ 15.18% Zn, 8.02% Pb, 597g/t Ag, 1.61% Cu[2] 11.2m @ 19.71% Zn, 10.77 % Pb, 134.96 g/t Ag, 0.8% Cu[3]

• Initial planned 17-hole ~4,000m drilling program to target base-metal hosted massive sulphide mineralisation at the Gibson and Sunnyside prospects

• Market spotlight on lead-zinc projects such as Earaheedy owned by Rumble Resources[4]

• Targeting large-scale SEDEX type deposit

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• 1ASX Announcement - Precious Metals Resources [03 Jan 2014]

• 2ASX Announcement- Force Commodities [15 Dec 2016] 3ASX Announcement - Force Commodities [29 Dec 2016 4ASX Announcement – Rumble Resources [19 Apr 2021] *Force Commodities is now Critical Resources

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TWO DRILL-READY PROSPECTS

PLANNED EXPLORATION FOR GIBSONS AND SUNNYSIDE

Gibsons

• Planned 14 holes (2,500m)

• Geophysical data has identified deeper potential 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

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

Sunnyside

• Planned 3 holes (1,700m)

“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.”

– CEO Alex Biggs

• Large scale SEDEX target identified with no previous exploration

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

• survey

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GIBSONS TARGETS

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SUNNYSIDE TARGETS

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BLOCK 4 AND 5 COPPER PROJECT - OMAN Highlights

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

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Low-cost operating region

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Well developed road, power and port infrastructure

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Mining activity expanding in the area

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Local Copper concentrator and smelter

Cu Multiple copper projects in region

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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

Project Area & Jurisdiction

Key Highlights

• 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 12-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

*Force Commodities is now Critical Resources)

• Near term low capex development

• Headline exploration grades

• Multiple targets

• Multiple partnership/JV opportunities

• Critical infrastructure in place

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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]

• 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 (Block 5) Total Mineral Resource Estimate 0.5% Cu Cut-off[1]

	Classification Measured	Ore Tonnes Tonnes 307,000	Cu % 5.3	Au g/t 0.3	Ag g/t 14	Cu Tonnes 16,300	Au Ounces 3,000	Ag Ounces 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

• 1ASX Announcement – Force Commodities [01 Sep 2020] _(Force Commodities is now Critical Resources)_

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MAHAB AND MAQAIL

HIGH-GRADE, WELL-DEFINED COPPER RESOURCES

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SUMMARY

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High Quality Asset Base

Strong Base & Critical Metal Markets

Focused Growth Strategy

New Management Team

Clear strategy to define high-quality exploration targets, increase the value proposition of the business and drive shareholder value

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

High quality assets in key commodities. Halls Peak presents transformational opportunity for the company due to target potential

Base metals and critical minerals markets are strong. Entering metals super cycle combined with post COVID recovery lends to strong markets into the future

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ASX:CRR | CRITICALRESOURCES.COM.AU

For more information, please contact

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Tel: +61 08 9389 4499
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