NEOMETALS LTD — AGM Information 2021

Nov 29, 2021

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CHAIRMAN’S AGM 2021 ADDRESS

The last year has been a watershed in the Neometals’ development journey with the Company’s three core projects hitting significant milestones ahead of near-term financial investment decisions.

Although the year presented unprecedented challenges for an emerging globally directed company with COVID 19 headwinds disrupting ease of engagement with the Company’s international joint venture partners, the Company’s agility enabled it to maintain strategic focus and finish financial year 2021 with an impressive relative 300% increase in share price, and with more than a further doubling of that share price in the early months of this current financial year 2022 leading up to today’s AGM.

Neometals has made significant progress in the advancement of its 3 core projects, supporting its strategic pivot away from upstream minerals towards more sustainable materials recovery opportunities. I will leave it to our CEO Chris Reed in his presentation to speak to the highlights of NMT’s progress on the business front.

I will focus on 3 key underpinnings to the Company’s success over recent periods.

1. Business Discipline

An unwavering focus on strategic priorities, relevancies and outcomes, including discipline in project management and risk mitigation, and long-term capital planning awareness. This discipline has been evidenced in our joint venture development business model with globally relevant and strong partners, as well as our UK AIM compliance listing strategy (now scheduled for early in the New Year). Our balance sheet remains robustly strong and liquid to support the Company’s business initiatives.

2. Sustainability/EESG Thematic

Major capital allocation decisions by investment fund managers are increasingly demanding sustainability/ESG performance outcomes. With NMT’s focus on the EV/battery materials recycling and circular economy thematic, your Company delivers against the requirements of such investment fund managers in spades. Importantly though, NMT puts an extra economic “E” into “ESG”, to make its focus EESG, in response to the vitally important and socially responsible economic role your Company plays in society: in its production of essential materials of social/economic value and utility; in its employment, remuneration and professional development and career advancement of its staff and contractors; in its payment of its fair share of government taxes and royalties; and in its financial return to shareholders who then apply those returns with economic multiplier effect for broader socio-economic benefit. The Company’s recently released 2021 Sustainability Report is testament to this.

3. Commitment to and of our People

NMT respects and supports its strong, committed, stable and highly valued workforce. It is their dedication and output that has driven NMT’s success, including through challenging COVID times. Of note, some of the team have voluntarily temporarily relocated to Europe over this period to support the Company’s Primobius joint venture activities. We are indebted for their service.

Neometals is clear on its strategy and purpose. The Company innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. In financial year 2021, your Company’s Board and management delivered on that purpose and continues to do so into financial year 2022. Multiple maturing exposures to the EV and battery materials megatrend, ESG and decarbonisation tailwinds, and investors with a growing awareness of Neometals’ exciting opportunities at hand, all bode well for another successful year ahead.

In closing, I thank you, and all our stakeholders, for your ongoing support.

Steven Cole – Chair

Neometals Ltd

Authorised for release to ASX by the Board of Neometals.

ENDS

info@neometals.com.au neometals.com.au

ACN 099 116 361 Locked Bag 8 T: +61 8 9322 1182 Level 1, 1292 Hay Street West Perth WA 6872 F: +61 8 9321 0556 West Perth WA 6005