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AGM Presentation

Annual General Meeting - 22 November 2024

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Authorised for release by Christopher Reed, Managing Director of Neometals

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Important Notices and Disclaimer (1/3)

This Presentation is dated 22 November 2024 and has been prepared by Neometals Ltd (ABN 89 099 116 631) ( Neometals or the Company ). By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out below.

This Presentation has been authorised for release to ASX by the Managing Director of Neometals.

Summary Information, Not Financial Product Advice or Offer

This Presentation is for information purposes only and is a summary only. The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated) and that content remains subject to change without notice. Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, Neometals does not have any obligation to update or correct the content of this Presentation. The information in this Presentation should be read in conjunction with Neometals’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ( ASX ), which are available at www.asx.com.au.

constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction.

Investment Risk

An investment in Neometals shares is subject to known and unknown risks, some of which are beyond the control of Neometals and its directors. Neometals does not guarantee any particular rate of return or the performance of Neometals nor does it guarantee any particular tax treatment.

Reliance on Third Party Information

To the extent this Presentation contains information that has been derived from publicly available sources, Neometals has not independently verified the information obtained from such by thirdparty sources. While Neometals believes that such information is reliable, no representation or warranty is made as to the accuracy, completeness or reliability of any third-party information and undue reliance should not be placed on any of the third-party information contained in this Presentation.

This Presentation does not and does not purport to contain all information a prospective investor may require in connection with any potential investment in Neometals and is not intended as investment or financial advice or financial product advice (nor tax, accounting, legal or other advice) or a recommendation to acquire any securities of Neometals and must not be relied upon as such. This Presentation does not and will not form any part of any contract or commitment for the acquisition of securities in Neometals. This Presentation is of a general nature and does not take into consideration the investment objectives, financial or tax situation or particular needs of any particular investor. Any investment decision should be made solely on the basis of your own enquiries.

This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission or any other foreign regulator). This Presentation is not, and does not

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Important Notices and Disclaimer (2/3)

Future Performance and Forward-Looking Statements

This Presentation contains certain forward-looking statements and comments about future matters. This forward-looking information includes, among other things, Neometals’ business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, and prospects of Neometals. The words ‘anticipate’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘forecast’, ‘intend’, ‘may’, ‘plan’, ‘project’, ‘will’, ‘should’, ‘seek’ and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. These forward-looking statements, opinions and estimates are based on Neometals’ current assumptions, expectations and contingencies as at the date of this Presentation. Such forward-looking statements are subject to change without notice and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Neometals, its directors and management.

Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Actual results, performance, actions or achievements may differ materially from those expressed or implied in those statements and any projections and assumptions on which these statements are based. These statements may assume the success of Neometals’ business strategies, the success of which may not be realised expressed or implied in those statements and any projections and assumptions on which these statements are based within the period for which the forward-looking statements may have been prepared, or at all.

in this Presentation, whether as a result of a change in expectations or assumptions, new information, future events, results or circumstances. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements.

Financial Information

All financial information in this Presentation is in Australian dollars (A$ or AUD) unless otherwise stated.

Certain figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation may be subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation.

This Presentation includes certain historical financial information extracted from Neometals’ audited consolidated financial statements and information released to ASX (collectively, the Historical Financial Information ). The Historical Financial Information is presented in an abbreviated form insofar as it does not include all the disclosures, statements or comparative information as required by the Australian Accounting Standard and other mandatory professional reporting requirements applicable to general purpose financial reports prepared in accordance with the Corporations Act 2001 (Cth).

Readers are strongly cautioned not to place undue reliance on forward-looking statements in this Presentation.

No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this Presentation.

Except as required by applicable laws or regulations, none of Neometals, its representatives or advisers undertakes any obligation to supplement, update or revise any forward-looking statements

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Important Notices and Disclaimer (3/3)

Neometals Ore Reserves – Competency Statement

This Presentation contains estimates of Ore Reserves and Exploration Targets at Neometals’ Barrambie Project.

The information in this Presentation that relates to:

ore reserve estimates for the Barrambie Project has been extracted from the ASX Announcement titled "Robust Outcomes From Barrambie Titanium Project PFS" dated 17 November 2022; and
exploration targets for the Barrambie Project has been extracted from the ASX Announcement titled “Barrambie Gold Exploration Target” dated 23 September 2024.

– Competent Persons Statement Exploration Target

The information in this Presentation that relates to Exploration Targets is based on information compiled by Jeremy Peters, Mr Peters a Director of Burnt Shirt Pty Ltd , a geological consultancy, and has sufficient experience relevant to the styles of mineralisation, and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the December 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Data compiled from historic WAMEX reports by the Neometals Exploration Team has been reviewed by Mr Peters , who has consented to the inclusion of the matters in this Presentation based on this information in the form and context in which it appears.

A copy of the announcements referred to above are available on the Company's website at www.neometals.com.au/en/investors or ASX's website at www.asx.com.au.

Neometals confirms that it is not aware of any new information or data that materially affects the information in the announcements referred to above, and that all material assumptions and technical parameters underpinning the estimates in the relevant announcements continue to apply and have not materially changed. Neometals confirms that the form and context in which the Competent Persons' findings are presented in this Presentation have not been materially modified from the original market announcement.

The exploration data relied on for the exploration target are historic and have not or may not have been previously reported under the JORC Code or any of its precedents. These are indicative and not absolute measures of the presence of gold mineralisation. In relation to the exploration target, the potential quantity and grade reported are conceptual only in nature. Insufficient exploration has been conducted to estimate a mineral resource and it is uncertain whether future exploration will lead to the estimation of a mineral resource.

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Purpose

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Enrich stakeholders by commercialising innovative processes to recover critical materials from high-value waste and nonconventional feedstocks.

Chris Reed

CEO

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Focus

Commercialising our portfolio of sustainable process technologies to recycle and recover critical materials from high-value waste streams

Enable Circular Supply Chain

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Ensure future Social licence & Regulatory Compliance

Mercedes-Benz is industrially validating our Li-ion battery recycling technology in a 2,500 tpa pilot plant built by our Primobius JV
Steady state operations trigger ‘Product Readiness’ for our ~20,000 tpa integrated plants expected 2H2025 and global plant offerings

Sustainable Cost & ESG Advantages

Continuous Improvement through R&D

Lithium Chemical and Vanadium Recovery technologies require Industrial Partners to process to next stage of commercialisation

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Neometals’ Three Business Units Support the Energy Transition

We are focused on EU and North America, the 2[nd] and 3[rd] largest battery (and waste) producing regions respectively & leveraged to two of the strongest commodity markets forecast to 2050


Business Unit	Lithium Battery Recycling	Lithium Chemicals	Vanadium Recovery
Description	Building turn-key recycling plants to recover battery materials for reuse	Process to produce Lithium Hydroxide directly from brine concentrates via electrolysis	Process to produce high- purity (99.5%) vanadium pentoxide from steelmaking slag
Location
Entity & NMT Ownership	Recycling IP (50%) & Primobius GmbH (50%)	Refining IP (70%)	Recovery IP (100%) VRP1 SPV (87%)
JV Partner	Leading global plant builder	Leading global lithium producer
Stage	Industrial Validation	Pilot Complete	Pilot & DFS Complete, Project Financing
Customers & Targets1		Lithium Brine Producers and Developers	Steel Makers utilising magnetite feedstocks

Notes:

Neometals has the option to acquire between 25-50% of Stelco Battery Recycling SPV

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Sources: International Energy Agency (IEA) World Energy Outlook (2023); and IMF calculations.

Note: The chart shows the lEA's projected increase in mineral demand (in quantity terms) broken down by sector as a ratio of 2050 to 2022 demand, under the lEA's net zero emissions transition scenario. REE - Rare Earth Elements; PGMs - Platinum Group Metals

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How We Do It

Identify need, innovate solution, disciplined development and evaluation, partner with industry leaders

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TRL 1 TRL 2 TRL 3 TRL 4 TRL 5 TRL 6 TRL 7 TRL 8 TRL 9
Lithium-ion
Battery RecyclingINDUSTRY PARTNERSHIP STAGE
Industrial
Technical Concept or Tech Evaluation: Proof of Concept: Lab Prototype: Batch Pilot: Continuous Demo Deployment
Validation:
Idea Batch Bench Continuous Bench Pilot Trial $$
Feasibility Prod’n Run
Determine spec or Commence R&D – Manufacturing
Lab Scale Pilot Scale Testing Trial with end user
Idea – Basic performance or Experimental Early-Stage Bench or Production
Testing – under simulated in a practical
principles observed functionality testing & Scale Prototype run at end
beaker scale environment environment
required characterisation user site
Economic
AACE Class 4
Viability AACE Class 5 AACE Class 3 AACE Class 2 AACE Class 1
Pre- Feasibility
Scoping Study Definitive Feasibility Study FEED Study Detailed Design
Study
1 2 3 4 5 6 7 8
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Note: AACE Engineering Cost and Feasibility Study sequencing likely to move project to project based on project circumstances

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Corporate Dashboard

	ASX/AIM: NMT Shares on Issue(1) Share Price Market Capitalisation Cash (18 Nov-24)(2)	OTCQX: NMTAY m A$ A$m A$m	769.4 0.095 73.1 12.7
	Debt (30 Sep-24)(2)	A$m	–
	Investments (31 Oct-24)(3) A$m		13.4

BROKER COVERAGE[(4)]

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MAJOR SHAREHOLDERS(1) William Richmond	10.4%
Clearstream Nominees Pty Ltd	4.9%
David Reed	3.9%
Top 20	40.0%
No. of Shareholders	12,913

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Price Index
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“The decline in battery materials prices over the last 2 years has been challenging, particularly with our strong lithium price correlation as referenced in the diagram below However, the strong fundamentals of our approach to managing EV transition opportunities – cheaper operating costs for owners and lower emissions - remain firmly intact. Our JV recycling business is generating revenue, and the pipeline is growing. We will adjust to this new reality and push through the headwinds.”

– Chris Reed

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FY24 SHARE PRICE PERFORMANCE
120 30
100 25
80 20
60 15
40 10
20 5
-
0
Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24
Share Sales (m)
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Notes: Market data as at 18 November 2024 (unless otherwise noted)

Computershare as at 18 November - excludes ~6.4m performance rights
NMT Management 18 November 2024

Volume

Share Price Index

Umicore Index

NMT Management 31 October 2024

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Supporting information available at https://www.neometals.com.au/en/investors/company-research/

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Conserving Our Capital – Right Sized Our Structure

Right-Sized Teams

Streamlined resource use, maintain lean, optimised team structure and alignment

Business Case

Strategic cost reduction initiatives yield significant administration and corporate savings

Austerity

Directors agree to decrease director fees and KMP agree to forgo STIs

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Role Reduction Cost Reduction Other Measures
43 $1.6M
$1.1M 20% reduction in NED
fees from 1 Jan 2024.
16
STI’s for FY24
placed on hold.
Sept ‘23 Sept ‘24
Dec 23 Dec 24
Quarter Quarter
• Role reduction of 62% with reduced • A reduction of 31% in
activities across non-core business Administrative and Corporate
units. costs.
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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Strong Team Experienced executives backed by a board of skilled specialists

Non-Executive Board

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Independent Chairman
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Steven Cole
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40+ years in legal consultancy, corporate management, and diverse board experience including roles at Matrix Composites (ASX:MCE)

Independent Non-Executive Director Doug Ritchie Senior executive with 35+ years, notably with Rio Tinto. Extensive international corporate experience, including China

Independent Non-Executive Director

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Les Guthrie
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40+ years experience in global corporate and project management Notable roles at BHP, and BG Group

Key Management

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MD/CEO ED/COO Chris Reed Jennifer Purdie 20+ years leadership, 30+ years leadership across co-founder mining, energy, Holds qualifications in manufacturing sectors commerce and mineral Senior roles at Adani economic Renewables, Rio Tinto, BHP and Alcoa

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Head of Vanadium Darren Townsend 30+ years leadership across exploration, development and operations including executive roles at Peak Rare Earths, De Grey Mining and Sons of Gwalia

CFO/ Company Secretary Chris Kelsall 30+ years’ experience in financial, energy and technology sectors including Deutsche Bank, ABN AMRO Rothschild, HSBC, Mediterranean Oil & Gas and Tokamak Energy

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Right Values

Our six core values underpin all the Company’s activities and are reflected in the acronym STRIDE.

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2024 Tactical Goals

Source: ASX Announcement titled “Investor Presentation” dated 14 March 2024

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Li Ni Co Cu

Complete installation and commence commissioning of MB Plant in Germany

Commission LiB Recycling

Commercialise Li & V Recovery

Complete ELi Pilot Secure Partners for Industrial Validation (TRL8) stage

ELi V

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Develop precious metals recovery from waste

R&D Precious Metals

Au Pt Pd

Divest Barrambie Resources Projects Spargos

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Building world-class Lithium-ion Battery (LiB) Recycling Plants

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

1414

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NMC cathode LiB’s dominant in EU & NA for decades

Primobius can supply recycling plants based on our patented highly-efficient, low-cost process

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HUB []
ACN 630 has 5
granted
national phase
patents and 12
pending
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Source: NMT Management September 2024

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Our TAM is a High Growth, High Value Waste Stream

Targeting EU (mandatory recycling) & NA markets driven by production scrap, warranty returns and EOL
A 10% market share (~300,000t) in 2040 equates to one 20,000 tpa plant supplied every year for the next 15 years
Recoverable Li/Ni/Co from one tonne of high-energy NMC batteries equate to ~US$7,000 (long-term forecast)

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Source: Data adapted from Benchmark Mineral Intelligence Recycling Data Q1 2024 NMT management provided estimate of MWh: weight ratio

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Unique Business Model to Maximise Market Penetration

Aim to supply plants to customers rather than compete against them
Up-front plant supply margins – capital-light, lower-risk
Royalty stream on end-product value recovered over plant life

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ACN630
Technology Licence
Royalty - % Gross Sales
EPCM Contract EPCM Sub-contract
Technology Licence
(EPC+margin)
Royalty - % Gross Sales
Customer
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Source: NMT Management July 2024

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Source: Primobius 2023 ECS (production and OPEX estimates). For further information and assumptions refer to ASX announcement ‘Battery Recycling “Hub” Engineering Cost Study Results’ released 1 August 2023. Benchmark Mineral Intelligence (lithium carbonate forecast), Consensus Economics (nickel/cobalt forecast), Golden Dragon (lithium fluoride premium)

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Go-To-Market Strategy

Delivering flexible business models to meet customers wants (flexibility to match recycling offering to strategy)
Creating solutions to meet customers’ economic, regulatory and social needs

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1 [Licence to ]
Operate
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Low Carbon
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2
Low Cost
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Note: C1 cash costs net Ni/Co by product credit Source: Primobius July 2023 ECS (operating cost and production), Consensus Economics (nickel/cobalt price), Benchmark (LCE forecast price)

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3
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Source: Argonne National Laboratory (Battery Compositions), Primobius CO2 (LCA), Ni CO2 (LCA, Indonesia source) Co CO2 (LCA China source), Li CO2 (LCA)

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Mercedes-Benz

Long-term relationship with marquee OEM
Industrial validation, ‘Product Readiness’ then global offer of commercial scale plants

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Partnership
Cooperation agreement with
Mercedes-Benz (2022)
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Long-term (5yr) R&D collaboration
2,500 tpa Integrated Recycling Plant:
Purchase Orders (Spoke Aug ‘23, Hub Jan ‘24)
Status: Spoke commissioning/Hub installation
Opened 21[st] October 2024
Supplied on EPC basis, royalty-free
Industrial-scale plants require commercial licence

For full details refer to Neometals ASX release dated 13 May 2022 titled “Cooperation Agreement with Mercedes-Benz”

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Commercial Pipeline

Industrial validation expected to crystallise pipeline of licences and agreements into plant supply orders
First commercial plant (20,000 tpa) licence issued to Stelco in North America

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in North America

Exclusively licensed to Stelco for end-of-life LiB’s in North America with exception of German OEMs for a 10% gross revenue royalty[(1)]
Primobius has option to acquire 25–50% of the equity in Stelco’s recycling SPV. If exercised the licence will be royalty free
Stelco will be responsible for supply of LiB feedstock and the securing of sites for plants

For full details refer to NeometalsASX release dated 31 December 2021 titled “Primobius to Enter North America with Stelco for Recycling of Electric Vehicle Batteries”

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Non-binding MOU’s
EU Thailand India
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Technology licencees (10% GSR Royalty)

Redivium, formerly Hannans Ltd (NMT 26%)
Italy, Balkans (exclusive)
United Kingdom and Ireland (non-exclusive)
Critical Metals (NMT 18%)
Scandinavia (exclusive), Redivium earning 50%

For full details refer to Redivium (ASX:RIL) ASX release dated 28 July 2022 titled “Hannans – Improved Acquisition Agreement”

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Indicative Commercialisation Plan

Product readiness defined as Primobius offering plant supply packages to third-parties
Primobius must have back-to-back contract with SMS for fabrication, installation and commissioning
Successful commissioning of MB Spoke and Hub is condition precedent for Primobius/SMS offers of supply

	2H 2024	1H 2025	1H 2025	2H 2025	1H 2026	2H 2026	2027	2028
2,500 tpa Integrated	Commission Spoke Install Hub	Spoke Steady State Commission Hub		Hub Steady State	R&D Collaboration	R&D Collaboration
-
Mercedes

20,000 tpa			Product Ready	Fabrication	Installation	Commission	Steady State
Spoke(1)		Plant Offer					Potential Royalties
		Purchase Order					Commence

20,000 tpa				Product Ready	Commence	Commence	Complete	Steady State
Integrated Stelco (1)(2)(3)(4)				Plant Offer Purchase Order	Fabrication	Installation	Installation Commence Commissioning	Potential Royalties Commence

1) The indicative timeline is subject to receipt and confirmation of purchase orders from a third party and Stelco respectively. A purchase order may not be received in accordance with the timeline presented. Primobius does not currently have a contracted or otherwise confirmed purchase order from a third party or Stelco in respect of either plant. The indicative timing is based on Neometals’ current expectations regarding when Primobius will be able to offer the relevant plant supply.
2) Timing for the proposed offer to Stelco is subject to further Primobius Board approval.

3) For full details refer to Neometals ASX release dated 31 December 2021 titled “Primobius to Enter North America with Stelco for Recycling of Electric Vehicle Batteries”.

4) Scope for reductions in the royalty rate depending on IRRs generated, and a minimum royalty fee in cases of stalled recycling production.

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Option to acquire ≤50% Stelco LiB Recycling SPV expires 30 June 2025ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9

neometals.com.au ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Lithium Chemicals

ELi Processing Technology Reed Advanced Materials (“RAM”) 70% Neometals / 30% Mineral Resources Ltd

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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ELi Process - Lithium Hydroxide Direct from Brines

Patented, low-cost solution for converting lithium chloride from brines and minerals directly to lithium hydroxide

Highly efficient process targets production of battery-quality lithium hydroxide (“LHM”) directly from brine at potentially lowest cost
Utilises off-the-shelf chlor-alkali equipment
Electricity enables replacement of imported soda ash/caustic soda reagents and lower carbon footprint

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Estimated Opex Comparison (Conversion to LHM)

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For further information, refer to ASX release dated 10 Nov 2023 - “Successful ELi Purification Pilot Trial”

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ELi Process – Positive Pilot Plant Results

Piloted on real South American brine eluate, validated bench testing on real and synthetic brine solutions

Table 1 – Brine Sample Analysis (pre- and post purification)

✓ Membrane Durability confirmed
✓ Continuous operation for 1,000 hours without damage to membrane
✓ Power consumption and Current Efficiency within target

range

✓ Crystallised Lithium Hydroxide Monohydrate meets specification
✓ Working with brine supplier on collaboration agreement for demonstration plant for industrial validation stage

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Li Ca Mg B Sr Si
Element
m /L m /L m /L m /L m /L m /L
g g g g g g
Salar Brine
62,654 6,260 15,792 7,141 71 52
Concentrate
Electrolyser
45,100 < 0.9 < 0.09 < 0.4 < 0.002 1
Feed
% removed n/a > 99.98 > 99.99 > 99.99 > 99.99 > 97
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*Using the assay detection limit for calculation of recovery
For further information, refer to ASX release dated 10 Nov 2023 - “Successful ELi Purification Pilot Trial”

Table 2 – LHM Sample Analysis

Element*	LiOH %	CO3 2- %	Na ppm	Ca ppm	K ppm	Fe ppm	SO4 ppm
Target Spec	>56.5	<0.4	20	10	10	10	100
Sample 1	56.6	ND**	1.8	6.0	5.6	8.2	2.4
Sample 2	56.9	ND**	3.6	9.7	5.1	8.6	1.5

LiOH and CO32- analysis reported by a South African laboratory and the other elements reported by an Australian laboratory **ND = Not Detectable, below detectable limit (0.1%)

For further information, refer to ASX release dated 12 Nov 2024 - “Final Results from Eli Pilot Trial”

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*Using the assay detection limit for calculation of recovery

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Vanadium Recovery

Vanadium Recovery Process Technology 100% Neometals Vanadium Recovery Project 1 - Finland 87% Neometals 11% Critical Metals Ltd 1.1% EIT Raw Materials GmbH

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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VRP1 – First Circular Vanadium Development in EU

Recent EIT Raw Materials equity and option for ≤ 20% at €50M pre-money valuation to fund new project financing process – approved for EIB debt finance

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Location: Tahkoluoto Port, City of Pori, Finland
Capital cost: ~314M USD [1]
SSAB
Luleå
Operating cost: US$4.19/lb V2O5 1 (lowest quartile) SSAB
Raahe
Indicative Construction timeline: H1 2025 – H1 2027 Plant, Pori
SSAB Oxelösund
Throughput: up to 300k tonnes p.a. Plan view of Port of Pori
Planned annual production: ~9k tonnes V2O5 1
Stakeholders
Salzgitter,
Flachstahl
Schematic view of planned VRP1 plant
1 For further information, refer to ASX release dated For further information, refer to ASX release dated
Potential Slag Supply Sources
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1 For further information, refer to ASX release dated For further information, refer to ASX release dated 8th March 2023 – Vanadium Recovery Project Delivers Strong Feasibility Results

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Strong Management and Advisors to deliver

Advisors

Equity advisors

Legal Advisor

Debt Advisor

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Indicative Project Cost (EURO M)

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400
Contingency 20 - 60
Construction period 32
financing costs 15 Equity 40%
Working capital &
operating cash
Project cost 314
Debt 60%
}
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Johanna Lamminen CEO

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Highly experienced business leader and board professional
Experience includes CEO of Gasum, CEO and CFO of Danske Bank Finland, CFO and deputy CEO of Evli and Board Member of Sampo Plc, Cargotec Group, CellMark AB, Pohjan Voima
Doctor of Science in Technology, MBA

Key experience:

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Darren Townsend COO

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Mining Engineer with 25+ years. development, mining and corporate experience including managing ASX and TSX listed companies
Head of Vanadium, Neometals, a sustainable battery materials producer

Key experience:

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For further information on Project Cost, refer to ASX release dated 8[th] March 2023 – Vanadium Recovery Project Delivers Strong Feasibility Results

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Barrambie Titanium and Gold

Barrambie Titanium and Gold Project 100% Neometals

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

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Barrambie Titanium Deposit

Tenement maintenance and seeking to divest VTM resources

One of the highest-grade titanium deposits globally
Granted mining lease and approval for 1.2Mtpa mining operation
Ministerial approval to construct up to 3.2Mtpa processing plant - timeframe extension application in progress
Successful pilot plant production of gravity concentrates, and commercial scale smelting proved value-in-use

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Barrambie Titanium Ore Reserve Estimate – November 2022
Ore Reserve Ore Tonnes TiO V O Fe O
2 2 5 2 3
Category (Mt) (%) (%) (%)
Probable 44.5 18.7 0.61 44.1
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Cut-off is based on net value (revenue minus selling, processing, administration and incremental ore mining costs) >$0/t on a diluted block-by-block basis from the parameters used in the pit optimization. Ore Reserves reported are within the Mineral Resource estimates. This relates roughly to a 10% TiO2 cut-off.

*For full details refer to Neometals ASX release dated 17th November 2022 titled “Robust Outcomes From Barrambie Titanium Project PFS””

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Barrambie Gold Project

Significant gold exploration potential highlighted in Gold Exploration Target

Barrambie Greenstone Belt (“ BGB ”) historically produced 27,000 gold ounces at 27.8g/t;
Camp-scale gold potential with significant structural corridors identified;
Recent Neometals grab and rock chip sample assays range from 5.1g/t to 44g/t Au and are consistent with historical mined grades.

Barrambie Gold Exploration Target – September 2024*

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Target Tonnes Av Grade Ounces
Range (Mt) (g/t Au) (Au)
Lower 8 1.3 335,000
Upper 10.5 2.3 775,000
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CAUTIONARY STATEMENT

The exploration data relied on for this Exploration Target are historic and have not or may not have been previously reported under the JORC Code or any of its precedents. These are indicative and not absolute measures of the presence of gold mineralisation. The potential quantity and grade reported are conceptual only in nature. Insufficient exploration has been conducted to estimate a mineral resource and it is uncertain whether future exploration will lead to the estimation of a mineral resource.

For full details refer to Neometals ASX release dated 23 September 2024 titled “Barrambie Gold Exploration Target”

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Summary

Clear Strategy

Laser focused on successful delivery of 2,500 tpa lithium-ion battery (‘LiB’) recycling plant for Mercedes-Benz. Industrial validation required before offer of commercial 20,000 tpa plants.

Growing Revenues & Order Book

Major delivery milestones under Mercedes-Benz in FY25. Successful acceptance testing required before declaration of ‘Product Readiness’ for 20,000 tpa plant offers to licence holders.

Unique solution & business model

Patented processes deliver customers sustainable competitive advantages. Plant supply and/or technology licensing business model is lower-risk exposure to EV/ESS commodities than mining.

04 Exposure to EV & Net Zero Transition

Increasing volumes of LiB from production scrap, warranty returns and end-of-life EV’s. Mandatory LiB recycling in EU, tariffs and fiscal support to combat supply chain dominance by China.

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

Neometals Ltd

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neometals.com.au

ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9

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ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au

AI assistant

NEOMETALS LTD — AGM Information 2024

65430_rns_2024-11-21_2d6a5b59-93c0-4287-a97a-4e9ac2ed4b52.pdf

AGM Presentation

Important Notices and Disclaimer (1/3)

Summary Information, Not Financial Product Advice or Offer

Investment Risk

Reliance on Third Party Information

Important Notices and Disclaimer (2/3)

Future Performance and Forward-Looking Statements

Financial Information

Important Notices and Disclaimer (3/3)

Neometals Ore Reserves – Competency Statement

– Competent Persons Statement Exploration Target

Purpose

Focus

Neometals’ Three Business Units Support the Energy Transition

Notes:

Sources: International Energy Agency (IEA) World Energy Outlook (2023); and IMF calculations.

How We Do It

Identify need, innovate solution, disciplined development and evaluation, partner with industry leaders

Corporate Dashboard

BROKER COVERAGE[(4)]

Conserving Our Capital – Right Sized Our Structure

Business Case

Austerity

Strong Team Experienced executives backed by a board of skilled specialists

Non-Executive Board

Key Management

Right Values

2024 Tactical Goals

Building world-class Lithium-ion Battery (LiB) Recycling Plants

NMC cathode LiB’s dominant in EU & NA for decades

Our TAM is a High Growth, High Value Waste Stream

Unique Business Model to Maximise Market Penetration

Go-To-Market Strategy

Mercedes-Benz

Commercial Pipeline

in North America

Technology licencees (10% GSR Royalty)

Indicative Commercialisation Plan

Lithium Chemicals

ELi Process - Lithium Hydroxide Direct from Brines

ELi Process – Positive Pilot Plant Results

Piloted on real South American brine eluate, validated bench testing on real and synthetic brine solutions

range

Table 2 – LHM Sample Analysis

Vanadium Recovery

VRP1 – First Circular Vanadium Development in EU

Strong Management and Advisors to deliver

Advisors

Indicative Project Cost (EURO M)

Johanna Lamminen CEO

Key experience:

Darren Townsend COO

Key experience:

Barrambie Titanium and Gold

Barrambie Titanium Deposit

Tenement maintenance and seeking to divest VTM resources

Barrambie Gold Project

Significant gold exploration potential highlighted in Gold Exploration Target

Barrambie Gold Exploration Target – September 2024*

CAUTIONARY STATEMENT

Summary

Clear Strategy

Growing Revenues & Order Book

Unique solution & business model

04

Exposure to EV & Net Zero Transition

Neometals Ltd

More from NEOMETALS LTD

NEOMETALS LTD AGM Information 2024