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All the right elements®
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Investor Presentation – November 2018
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ASX Code: NMT OTC/Nasdaq Intl: RDRUY
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Disclaimer
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Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Neometals’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Forward-looking information: This document contains ~~, o~~ pinions, projections, forecasts and other statements which are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from the estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-looking statements are not guarantees of future performance.

Any opinions, projections, forecasts and other forward-looking statements contained in this document do not constitute any commitments, representations or warranties by Neometals and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this document.

Mount Marion Project: This document contains certain historical and forecast financial and production information regarding the Mount Marion Project and Reed Industrial Minerals Pty Ltd, the owner of the Project (Neometals: 13.8% shareholding). Neometals was not involved in preparing this information, which is taken from a 8 February 2018 announcement by Mineral Resources Limited, the operator of the Project (via its wholly owned subsidiary, Process Minerals International Pty Ltd). However, Neometals is not aware of any reason why that information is incorrect as released by Mineral Resources Limited.

Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise.

Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Neometals. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.

Investment risk: An investment in securities in Neometals is subject to investment and other known and unknown risks, some of which are beyond the control of Neometals. The Company does not guarantee any particular rate of return or the performance of Neometals. Investors should have regard to the risk factors outlined in this document.

Competent Persons Statement:

The information in this document that relates to “Mt Edwards Nickel- Mineral Resource Estimate”, “Barrambie Project - Mineral Resource Estimate”, “Barrambie Pre Feasibility Study Results”, “Mt Marion Mineral Resource Update and “Lithium Battery Recycling – Scoping Study Results” are extracted from ASX Releases set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Releases set out below, and in the case of estimates of mineral resources, that all material assumptions and technical parameters underpinning the estimates in those ASX Releases continue to apply and have not materially changed.

5/5/2009	Barrambie Vanadium Project – DFS Completion and Outcomes	19/4/2018	Mt Edwards Nickel–Mineral Resource Estimate
27/10/2016	Mt Marion Mineral Resource Upgrade	25/6/2018	Mt Edwards–Mineral Resource Over 120,000 Nickel Tonnes`
22/02/2017	Lithium Battery Recycling–Scoping Study Results	16/11/2018	Neometals Commences Update of Barrambie DFS
17/4/2018	Barrambie Project–Mineral Resource Estimate

The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production targets in the “Barrambie Vanadium Project - DFS Completion and Outcomes” released on 5 May 2009, the “Metals Commences Update of Barrambie DFS” released on 16 November 2018 and the “Lithium Battery Recycling – Scoping Stud Results ” released on 22 February 2017 continue to apply and have not materially changed.

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Who is Neometals Today?
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Neometals is an ASX-listed (ASX:NMT) industrial minerals and advanced materials project development company with a clear growth plan to move downstream and increase margins from its sustainable products and related technologies.

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Li
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Integrated Lithium Business

Mt Marion Lithium Mine (13.8%) – a Tier 1 lithium production asset, providing existing cashflow and option to concentrate offtake
Kalgoorlie Lithium Refinery – developing downstream processing of Li products with secure access to concentrate feedstock from Mt Marion
Mt Edwards (100%) & Mt Holland[1] (36%) – promising lithium exploration projects for future expansion
Lithium Ion Battery Recycling – commercialising ‘end of life’ battery recycling technology for recovery of critical metals

Developing Titanium / Vanadium Business

Ti/V Note 1: Held via 706.2m shares in Hannans Ltd.

Barrambie Titanium-Vanadium Project (100%) – one of the highest grade hard-rock titanium resources globally (with high grade vanadium subset)
Updating 2009 DFS to produce primary Vanadium at a time of structural shortage and exceptional prices. Optionality with high grade titanium and vanadium subsets affording potential staged development with offshore processing ahead of on-site processing.

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Company Snapshot
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ASX: NMT	OTC:RDRUY
Shares on Issue1	m	543.9
Share Price (15-Nov-18)	A$	0.235
Market capitalisation	A$m	128.0
Cash (30-Sep-18)	A$m	30.4
Debt (30-Sep-18)	A$m	-
Investments (30-Sep-18)2	A$m	8.9

Major Shareholders (19-Oct-18)	Major Shareholders (19-Oct-18)
David Reed (Non-Executive Director)	9.0 %
Westoz Funds Management	3.7%
Global X Lithium ETF	2.5 %
Top 20	34.6 %

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12 Month Share Price Performance
0.50 14.0
12.0
0.45
10.0
0.40
8.0
0.35
6.0
0.30
4.0
0.25
2.0
0.20 -
Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18
Price (A$) Volume (m)
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Note 1: Excludes 7.0m performance rights. Note 2: Loan receivables and investments Source: Bloomberg as at 16-Nov-18.

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Long-term Strategy
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Over the last 3 financial years, Neometals has returned ~A$28m in 3 consecutive dividends and ~A$6m in an on-market share buyback.

To develop a portfolio of globally significant materials for a sustainable future

Ti/V

Leverage operating cashflows to drive innovative cost advantages and secure strong partners

+ $

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Into lower-risk, longer life, higher-margin operations = to optimise stakeholder returns

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Barrambie Demerger
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Neometals plans to demerge its Barrambie Titanium-Vanadium Project (“Barrambie”) and associated technology assets into a new ASX-listed company (“NewCo”).

Neometals to demerge Barrambie and non-lithium processing technology assets, subject to shareholder and third-party approvals
Neometals will focus on developing its fully-integrated lithium business, underpinned by offtake rights to Mt Marion lithium concentrate
NewCo will focus on the Definitive Feasibility Study (DFS) update for the staged development of the Barrambie Project. The DFS will evaluate the potential for mining and exporting DSO for toll-processing in China in parallel with on-site concentration and chemical production.
Neometals shareholders to receive shares in NewCo via an in-specie distribution
Shareholders will retain Neometals shares held and will be issued a proportionate number of NewCo shares
ATO Class Ruling being sought to ensure in-specie distribution of NewCo shares will qualify for demerger tax relief (i.e. CGT rollover)
The demerger is expected to be completed in the March 2019 quarter, subject to approvals
Notice of Meeting to outline demerger specifics

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Why Demerge?
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Allows each Company to focus separately on distinct development strategies
Creates effective platform/s to unlock full value of assets
Capital markets gain clarity with simplified commodity focus and corporate structure/s
Integrated lithium business mature and ready to stand alone as ‘pure play’
Many partners/funders desire pure play commodity exposure
Each business can be valued and financed independently
Earnings remain in respective businesses.
Protection from opportunistic takeover
Best structure to generate returns for shareholders

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Post-Demerger Structure Overview
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Two focused entities will be created through the demerger. Simplified and focused corporate structures going forward

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NewCo
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13.8% 100% 100% 100% 36% 70% 100%
Kalgoorlie Lithium Mount Lithium Lithium
Mount Marion Lithium Battery Edwards Hannans Ltd
Lithium Mine Refinery Recycling Lithium (ASX:HNR) Processing Processing
IP (ELi) IP (Other)
Project Project Project
100%
50% IP &
Mt Holland
exploitation
Lithium
rights
Project
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Barrambie
Titanium
Project
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Neomet
Process
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25% IP
economic
interest &
exploitation
rights
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New
Technology
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25% IP
economic
interest &
exploitation
rights
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Ti/V

NewCo – Titanium & Vanadium

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Barrambie VTM Project Ti/V
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One of the highest grade hard-rock Titanium assets & one of the largest Vanadium projects globally

100% Owned
Located 80km north-west of Sandstone, WA
A$30M spent to date, +1,000 RC/Diamond holes drilled for ~55,000m
Unique project with grade and scale allowing development flexibility
Eastern and Central deposits are markedly higher grade for titanium and vanadium respectively
2009 DFS on standalone vanadium operation - mining licence and environmental approvals secured. Extension permitting and revised DFS underway.
Most advanced undeveloped vanadium project globally
A staged development strategy being evaluated to investigate early cash flow to finance longer term integrated chemical production

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Barrambie Flythrough Ti/V
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https://youtu.be/w-ndAfGSBeM

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Large scale project with distinct zones
Ti/V
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Distinct Zones and Co Products - Eastern and Central deposits are markedly higher grade for titanium and vanadium respectively

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Globally Significant Resource
Ti/V
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Refer to further information on this comparison data in slide 44 and the Announcement titled “Neometals Commences Update of Barrambie DFS” dated 16 November 2018 and available at https://www.neometals.com.au/reports/848-20181116BarrambieProjectCommencesUpdateofDFS.pdf

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Products, Players & Applications Ti/V
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Strong Long Term Demand
Ti/V
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Source: Metal Bulletin (17-Jul-18), Industrial Minerals (19-Jul-18), TZMI Management Estimates 2018, TTP Squared (Jul-18)

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Strong V and Stable TiO2 Prices Ti/V
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Source: Metal Bulletin (17-Jul-18), Industrial Minerals (19-Jul-18), TZMI Management Estimates 2018, TTP Squared (Jul-18)

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Development Strategy
Ti/V
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Updated DFS will evaluate the option to produce intermediate products (DSO and concentrates) in addition to fully integrated vanadium chemical production.

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Refer to accouncement titled “Barrambie Vanadium Project – DFS Completion and Outcomes” dated 5 May 2009 and available at

https://neometals.com.au/announce-blog.php?id=267

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Staged Development Optionality
Ti/V
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Phase 3 Construct Refinery and produce FeV or V2O5

Phase 1 Mine, Crush & Toll Treat

Near-term cashflow from mining, crushing and offshore toll treating to support growth
Sale of Ti/V concentrate fed by either high Ti grade Eastern Band or high V grade Central Bands

Phase 2 Build concentrator and produce concentrate

Medium-term cashflow from mine crush and local concentration
• Benefit from third parties having de-risked concentration
Same mixed metal concentrate products
Removal of costs associated with transport for toll concentration
Longer-term cashflow from integrated vanadium chemical production
• Salt roast leach process • Full exposure to V pricing
Mining and concentration de-risked
• Initial production of FeV or V2O5 precursor intermediate
• Future options open to capture Ti • Offtake partner selection process underway
4T bulk sample subject of Chinese met study and process pilot
Approvals for 1-3mtpa on track
Offtake partner selection process underway with metallurgical program
• Requires market development to find buyer for Barrambie spec

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Ti/V
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2009 DFS Results
Ti/V
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Average Annual Production Average Operating Costs 6,160 tonnes Vanadium <US$20/kg Vanadium As 7,700t of Ferrovanadium (FeV80) Lowest Quartile Containing 11,200t V2O5 equivalent Direct Construction Costs Mine Life A$456M 12 years Pre-commissoning, Owners Costs and EPCM At throughput A$173M of 3.2 Mtpa Total : A$629M

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Refer to accouncement titled “Barrambie Vanadium Project – DFS Completion and Outcomes” dated 5 May 2009 and available at

https://neometals.com.au/announce-blog.php?id=267

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Cost Competitive Ti/V
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Exploration Potential Ti/V
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Exploration Target (as of April 2018) = 470-700Mt @ 0.3 - 0.5% V2O5

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Refer to further information on this comparison data in slide 45 and announcement titled “Barrambie Project – Mineral Resource Estimate” dated 17 April 2018 and available at https://www.neometals.com.au/reports/2018-04-17-5645-BarrambieP.pdf

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Ti/V
Indicative Project Milestones
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DecQ18 2019/20 2020/21 2021/22
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Neometals – Post Demerger Integrated Lithium Business

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Mt Marion Lithium Mine
Kalgoorlie Lithium Refinery Project
• Lithium Ion Battery Recycling Project
• Mt Edwards Lithium Exploration Project

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Integrated Lithium Strategy
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Neometals’ integrated lithium strategy is based on (1) mining and producing spodumene concentrate, (2) refining spodumene to lithium compounds, and (3) recycling lithium batteries to recover battery metals.

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Li-ion Battery
Recycling
(LiCoO)
Kalgoorlie
Lithium Refinery
(LiOH)
Mt Marion
Lithium Mine
Time
(Li2O)
Mature Emerging
Development Business
Business Business
Sales
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Downstream integration substantially enhances cost competitiveness
Downstream processing multiplies the value of lithium units

• By creating the highest-margin, sustainable integrated lithium business, Neometals can be exposed to Li unit ‘cradle to grave’

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Mt Marion Lithium Mine
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The Mount Marion Lithium mine is a Tier 1, hard-rock lithium production mine located ~40km south west of Kalgoorlie, Western Australia.

Owned by Reed Industrial Minerals (“RIM”)
Ganfeng Lithium 43.1%
Mineral Resources 43.1%
Neometals 13.8%
Open cut mine with concentrator – currently processing 2.4 Mtpa
Produced ~428kt of spodumene concentrate (6% and 4% Li2O products) in FY18
Concentrator is currently being upgraded to produce 450ktpa of 6% Li2O concentrate
Upgrade expected to be complete Q4 CY18
Ganfeng currently offtakes 100% of concentrate produced (exported via port of Kwinana)
From Feb 2020, Neometals has a binding option to offtake from Mt Marion (~12.4% of production)

Mt Marion Mineral Resource Estimate at 30 September 2018

	Tonnage (Mt)	Li2O (%)	Contained Li2O (kt)	Fe (%)
Indicated	22.7	1.34	304	1.07
Inferred	48.7	1.38	672	1.09
Total	71.3	1.37	976	1.09

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NMT Share NPAT FY18 – A$15.6M

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Refer to announcement titled “Mt Marion Mineral Resource Update” dated 31 October 2018 and available at

https://www.neometals.com.au/reports/2018-10-31-1697-MINMtMario.pdf

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Mt Marion Flythrough
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Kalgoorlie Lithium Refinery (KLR)
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Neometals is progressing technical and commercial feasibility of a lithium chemicals refinery in Kalgoorlie, with an initial production capacity of 10ktpa of LiOH.

Propose to utilise a modern, conventional directconversion sulphate process to produce battery quality LiOH monohydrate from spodumene concentrate
The Refinery will initially be fed with Neometals’ future share of offtake from Mt Marion
Successful vendor process flowsheet testing completed by Veolia Water Technologies:
run-of-mine Mt Marion sample produced 99.99% pure battery grade LiOH at high recovery rate
Similar flowsheet used successfully by leading producers Ganfeng and GRM
M+W Group appointed to conduct a FEED Study (currently underway), with Definitive Feasibility Study to be completed Q1 CY19

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KLR Flythrough
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Kalgoorlie Lithium Refinery
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Proposed site located 5km from Kalgoorlie township, 70km by road from Mt Marion:
Neometals granted 2 year option to lease 40 hectare site (with provision for 2 year extension)
Nominal rents and rates
The City of Kalgoorlie-Boulder providing access to utilities, reclaimed water and will assist with grid power/natural gas
Kalgoorlie is a favourable location:
Large and skilled workforce
Proximal to mine to reduce transportation of waste
Access to all key reagents, including sulfuric acid
First class road and rail infrastructure connecting to multiple open-access ports

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Significant land available for expansions

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KLR Project Timeline
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() Subject to NMT Board Approval (*) Subject to FID

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Lithium Battery Recycling
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Neometals is developing a sustainable technology to economically recover critical metals from spent lithium ion batteries.

Regulation driving ethical sourcing and disposal of lithium ion batteries
Urban mining opportunity to secure critical metals otherwise going to waste
Cobalt supply chain under stress - increased demand for batteries, high sovereign risk sources
Less than 5% of used Li ion batteries are recycled
2017 Scoping Study showed potential for viable process to recover cobalt from LCO
Process flowsheet now designed to recover multiple critical metals from LCO and NMC
Hydrometallurgical process is novel but constituent stages are less so (off the shelf equipment)
Modular pilot (100kg/pd) soon to be commissioned in Nth America and FID on commercial 10-50tpd plant to follow

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Business model to initially focus on partnerships with auto and battery makers to recycle off spec cells that fail QA/QC (industry doesn’t have a solve yet)

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50tpd Shredder Acceptance Testing Video
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Battery Recycling Project Timeline
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Running Partner/Site Selection Processes in parallel with test work and engineering programs

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() Subject to FID
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Mt Edwards Lithium Project
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Brownfields lithium exploration project
Located 80km south of Kalgoorlie, and 40km south of the Mt Marion lithium mine
Tenements cover area of 240km[2] across the highly prospective Widgiemooltha Dome
Historical exploration confirms the presence of multiple fertile lithium-caesium-tantalum pegmatites
Project has access to sealed roads and developed rail and energy infrastructure
Tenements also prospective for nickel - current Indicated and Inferred Mineral Resource of 7.39Mt @ 1.7% Ni for ~123.3kt contained Ni

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NewCo

Well funded with separate focus and dedicated management team
Potential near term revenue to finance integrated growth strategy
Advanced project with exceptional commodity market backdrop
Huge scale, high grades and mine location support viability
Adoption of proven de-risking and staged development strategy
Advanced dialogues regarding BOO risk sharing and offtake

Neometals

Pure play integrated lithium business
Secure access to proven feed from tier one jurisdiction
Team with exploration, development and production experience to deliver
Margin improvement strategy via downstream integration
Existing player in value chain – green contracts for chemical feed and battery recycling
1 Passive earnings stream to be joined with 2 ‘active’ shorter-term earnings streams

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SUPPORTING INFORMATION
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Neometals Board of Directors
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Steven Cole Chairman

Chris Reed Managing Director

David Reed Non‐Executive Director

Natalia Streltsova Non‐Executive Director

Steven has 35 years of professional, corporate and business experience through senior legal consultancy, as well as a range of executive management and non executive appointments. His extensive boardroom and board sub-committee experience includes ASX listed, statutory, proprietary and NFP organisations covering the industrial, financial, educational, professional services, health and resources sectors.

Chris started in the mining industry in 1990 and co-founded Reed Resources in 2001. Chris holds a Bachelor of Commerce from the University of Notre Dame and a Graduate Certificate in Mineral Economics

from WA School of Mines. He is a Member of the AusIMM and immediate past Vice-President of the Association of Mining & Exploration Companies.

David was a director and Chairman of CIBC Australia Limited. David has been a prospector, former secretary of the Amalgamated Prospectors and Leaseholders Association and private mine owner. In 1984 David founded Mt. Martin Gold Mines NL, which with partner Newmont Australia developed the million ounce New Celebration Gold Mine. In recognition of his service to the community he was awarded the Order of Australia Medal in 2002.

Natalia Streltsova is a PhD qualified chemical engineer with +25 years minerals industry experience, including over 10 years in senior technical and corporate roles with mining majors - WMC, BHP and Vale. Dr Streltsova has considerable international experience covering project development and acquisitions in South America, Africa and the Former Soviet Union. She is currently a Non - Executive Director of Western Areas Limited and Parkway Minerals NL.

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Neometals Board of Directors Cont’d
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Douglas Ritchie Non‐Executive Director

Les Guthrie Non‐Executive Director

Jennifer Purdie Non‐Executive Director

Doug Ritchie is a senior resources industry executive with over 35 years experience, including over 28 years working with Rio Tinto. Mr Ritchie has considerable international corporate experience, including in China. He has been a director of various ASX and HKSE listed companies as well as research and commercialisation organisations

Mr Guthrie B.Sc (Engineering and Marketing) brings +40 years of experience to Neometals including senior global roles within corporate and project management and capital program development. He was VP Projects for BHP Billiton, Head of Projects and President LNG for BG Group, President of Aker Kvaerner Inc. and he was also the MD of Kvaerner Australia. Les is a NED of the John Grill Centre for Project Leadership.

Jennifer holds the position of CEO for Adani Australia Renewables. She brings extensive experience to Avanti from roles in engineering, senior technology, strategy and operations for leading global mining companies. She is a PhD qualified chemical and material engineer and holds an Executive MBA. She is a member of Women in Mining and Resources, a fellow of the Institution of Chemical Engineers and a graduate of the AICD.

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NewCo Executive Team Ti/V
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Darren Townsend CDO

Paul Wallwork

GM – Product Development & Marketing

Darren is a Mining Paul has nearly 30 years Engineer with 20 years’ of experience in technical mining and corporate sales, international experience. marketing and Extensive experience in management roles. Most managing ASX and TSX recently, in the role of listed companies. East Trading Manager at Iluka African experience incl. Resources, Australia’s development of tantalum largest mineral sand mines in Australia and producer. In the five-year Mozambique and resource period from 2008 to 2013 drill out and permitting a Mr Wallwork held the roles niobium project in Kenya. of Marketing Manager and . General Manager Marketing at Talison with responsibility for export sales of tantalum, tin and lithium minerals.

David Robinson GM – Metallurgy & IP

New appointment commencing late November. Responsible for supervising all metallurgy programs, project technology development and managing research programs and associated IP protection.

Jason Carone Company Secretary

Jason holds a Bachelor of Commerce in Accounting and Business Law from Curtin University and is a member of the Institute of Chartered Accountants, and Chartered Secretaries He has over 20 years’ experience in accounting, company administration in Australia and South East Asia across a broad range of industries. Jason has been with Neometals 10 years.

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Neometals Executive Team
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Mike Tamlin COO

Greg Hudson GM ‐ Exploration

Jason Carone CFO & Company Secretary

Gavin Beer GM – Process & Metallurgy

Jeremy McManus GM – Commercial & IR

Mike has over 35 years experience, including over 20 years in the lithium industry and was responsible for developing the spodumene trade between Australia and China. Former positions include GM Marketing of Sons of Gwalia and GM China of Galaxy Resources. He has a degree in Metallurgy and is also currently a director of Frontier Lithium.

Greg has more than 18 Jason holds a Bachelor

years’ experience in all of Commerce in

facets of hard rock geology, Accounting and Business

including exploration, Law from Curtin project evaluation, mineral University and is a resource development and member of the Institute mining. He has extensive of Chartered minerals experience across Accountants, and Gold, Iron Ore, Lithium, Chartered Secretaries He Tantalum and other base metals. Greg was has over 20 years’ previously the General experience in accounting, Manager Geology for company administration Mount Gibson Iron and the in Australia and South

Chief Geologist at BC Iron. East Asia across a broad

He holds a Bachelor of range of industries.

Science with Honours and Jason has been with

post graduate qualifications Neometals 10 years. in Applied Finance and Mineral Economics. .

Gavin is a metallurgist with 29 years of experience in operational and technical roles.

His extensive experience through multiple commodities around the world has been gained through various roles, the most recent being General Manager Metallurgy of Peak Resources Limited, Gavin has also run a successful consultancy since 2012 specialising in flowsheet development and optimisation for rare earths, niobium and lithium technology metals.

Jeremy has nearly 20 years experience in the resources and technology minerals sectors.

Prior to Neometals, Jeremy was the Commercial Manager for advanced materials company Talga Resources.

Holding a MBA and postgraduate qualifications in applied finance and corporate governance, Jeremy is versed in strategy management, technology commercialisation, capital markets and IP management.

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Barrambie JORC Mineral Resource Ti/V
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Vanadium Deposit Comparison Data
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AI assistant

NEOMETALS LTD Investor Presentation 2018

65430_rns_2018-11-18_1e2f17e1-dc4f-4783-8052-169d0e7bbc98.pdf

Competent Persons Statement:

Neometals is an ASX-listed (ASX:NMT) industrial minerals and advanced materials project development company with a clear growth plan to move downstream and increase margins from its sustainable products and related technologies.

Integrated Lithium Business

Developing Titanium / Vanadium Business

Ti/V

Neometals plans to demerge its Barrambie Titanium-Vanadium Project (“Barrambie”) and associated technology assets into a new ASX-listed company (“NewCo”).

Two focused entities will be created through the demerger. Simplified and focused corporate structures going forward

Ti/V

NewCo – Titanium & Vanadium

One of the highest grade hard-rock Titanium assets & one of the largest Vanadium projects globally

Updated DFS will evaluate the option to produce intermediate products (DSO and concentrates) in addition to fully integrated vanadium chemical production.

Phase 1 Mine, Crush & Toll Treat

Exploration Target (as of April 2018) = 470-700Mt @ 0.3 - 0.5% V2O5

Neometals – Post Demerger Integrated Lithium Business

The Mount Marion Lithium mine is a Tier 1, hard-rock lithium production mine located ~40km south west of Kalgoorlie, Western Australia.

Neometals is progressing technical and commercial feasibility of a lithium chemicals refinery in Kalgoorlie, with an initial production capacity of 10ktpa of LiOH.

Neometals is developing a sustainable technology to economically recover critical metals from spent lithium ion batteries.

NewCo

Neometals

Darren Townsend CDO

Mike Tamlin COO

AI assistant

NEOMETALS LTD — Investor Presentation 2018

65430_rns_2018-11-18_1e2f17e1-dc4f-4783-8052-169d0e7bbc98.pdf

Competent Persons Statement:

Neometals is an ASX-listed (ASX:NMT) industrial minerals and advanced materials project development company with a clear growth plan to move downstream and increase margins from its sustainable products and related technologies.

Integrated Lithium Business

Developing Titanium / Vanadium Business

Ti/V

Neometals plans to demerge its Barrambie Titanium-Vanadium Project (“Barrambie”) and associated technology assets into a new ASX-listed company (“NewCo”).

Two focused entities will be created through the demerger. Simplified and focused corporate structures going forward

Ti/V

NewCo – Titanium & Vanadium

One of the highest grade hard-rock Titanium assets & one of the largest Vanadium projects globally

Updated DFS will evaluate the option to produce intermediate products (DSO and concentrates) in addition to fully integrated vanadium chemical production.

Phase 1 Mine, Crush & Toll Treat

Exploration Target (as of April 2018) = 470-700Mt @ 0.3 - 0.5% V2O5

Neometals – Post Demerger Integrated Lithium Business

The Mount Marion Lithium mine is a Tier 1, hard-rock lithium production mine located ~40km south west of Kalgoorlie, Western Australia.

Neometals is progressing technical and commercial feasibility of a lithium chemicals refinery in Kalgoorlie, with an initial production capacity of 10ktpa of LiOH.

Neometals is developing a sustainable technology to economically recover critical metals from spent lithium ion batteries.

NewCo

Neometals

Darren Townsend CDO

Mike Tamlin COO

More from NEOMETALS LTD

NEOMETALS LTD Investor Presentation 2018