NEOMETALS LTD — Investor Presentation 2022

Aug 1, 2022

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Greener Battery Materials

Diggers and Dealers 2022 ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9

ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au

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Authorised for release by Christopher Reed, Managing Director of Neometals

Disclaimer

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, opinions, 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.

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.

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EXECUTIVE SUMMARY

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3 business units supporting energy transition in the EV / ESS supply chains:

1. Li-ion Battery Recycling (Ni/Co)

2. Vanadium Recovery 3. Lithium Chemicals

Neometals is an emerging, sustainable battery materials producer.

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ESG commitment. Recycling and recovery minimise reliance on mined materials and reduce carbon footprint

Strong, growing team with track-record of value creation, project execution and shareholder return.

Focus on continuous development and innovative commercialisation with strong partners

Underpinned by proprietary, green, processing technologies

• 16 Granted Patents

• • 54 Patents Pending

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Green Battery Materials Portfolio

• Focus on Europe and North America

• Emerging as World’s 2[nd] and 3[rd] biggest battery producing regions

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Lithium-ion Battery (LiB) Recycling

Intellectual Property Holding Company 100% Neometals (SMS group earning 50%)

Primobius GmbH – Commercialisation Incorporated 50:50 JV with SMS group

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• More EVs = More Cells = More Scrap = More End-of-Life

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Source: Benchmark Mineral Intelligence (Gigafactory cell capacity, June 2021 & Apr 2022) and Neometals Management (utilisation rate 75%, scrap rate 15%, 8 year battery life, and cell weight 4.5g/Wh)

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• Need ST Capacity for Production Scrap and LT Scale for EOL

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and why we chose to partner with global plant builder

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• Essentially a base metal refinery adapted for batteries

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Intelligently designed

PARTICIPANTS IN THE BATTERY VALUE CHAIN ARE SEEKING SOLUTIONS TO REDUCE CO AND SATISFY 2 REGULATORY / MORAL OBLIGATIONS

to meet OEMs needs

LARGE OPPORTUNITY FOR SUNRISE HYDROMETALLURGICAL RECYCLING PROVIDERS

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• Solution to OEMs needing to meet proposed regulations

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Pollution (GHG)

Landfill Material Shortages Circular / $ Economy

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Fire Risk
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• Strategic supply chain resilience

• Support to circular economy

• Compelling total addressable market (“TAM”)

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Source: Duesenfeld
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Source: Duesenfeld

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Primobius Solution

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NEOMETALS PROCESSING TECHNOLOGY BACKED BY LEADING GERMAN PLANT BUILDER, SMS GROUP SAFE, ENVIRONMENTALLY-FRIENDLY PROCESS PRODUCING HIGH PURITY, LOW CARBON BATTERY MATERIALS

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Strong rationale for aggressive scale-up

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*For further information, refer to ASX release dated 7th May 2021 – “Lithium Battery Recycling - Outstanding Cost Estimates” and the assumptions set out therein.

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Flexible Business Models

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PROVIDE SAFE DISPOSAL SERVICE, SCALE UP AND SHARE ECONOMICS WITH CELL MAKERS AND EV OEM’S

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Status: Commercial Pipeline

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Plant size/type		10tpd Shredding	10tpd Shredding/refining	50tpd Shredding/refining	50tpd Shredding/refining
Location/s		Hilchenbach, Germany	Kuppenheim, Germany	Hamilton Works, Canada	Japan
Products		Black mass	Black mass and BGMS(1)	Black mass and BGMS(1)	Black mass and BGMS(1)
Status		Operational, ramp-up	Front end engineering FEL 1	Front end engineering FEL 2 (shredder)	Demonstration trials
Business model		Principal	Limited royalty-free R&D license	License & JV option	MOU for JV

1. BGMS = Battery Grade Metal Sulphates

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Mercedes-Benz

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COOPERATION AGREEMENT WITH MERCEDES-BENZ (LICULAR GMBH)*

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Primobius providing engineering, supply and installation of equipment for a 2,500tpa recycling plant;

Primobius providing non-exclusive technology licence, know-how, staff training, engineering support and plant management support to LICULAR;

Long-term research and development collaboration to recycle next generation cell formats and chemistries; and

Primobius and LICULAR to jointly evaluate an industrial-scale

operation using Primobius’ recycling technology.

*For full details refer to Neometals ASX release dated 13[th] May 2022 titled “Primobius Executes Cooperation Agreement with Mercedes-Benz”

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Stelco

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TECHNOLOGY LICENSE FOR NORTH AMERICA AND OPTION TO ACQUIRE UP TO 50% IN STELCO BATTERY RECYCLING SPV*

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• For full details refer to Neometals ASX release dated 31[st] December 2021 titled “Battery Recycling - Binding Agreements with Stelco for NA”

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Indicative Timeline – LiB Recycling

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May 2022 Co-operation		Commence Jul 2022		Aug 2022 Opex and Capex		DecQ 2022 Opex and Capex		Dec 2022 Spoke Plant Supply
Agreement with		Mercedes-Benz		Study for 50tpd		Study for 50tpd		Agreements for
Mercedes-Benz		Engineering and		Spoke Plant in		Hydromet Hub in		Mercedes-
		FEL2 for Stelco		Germany		Germany		Benz/Stelco*
		50tpd Spoke						Stelco JV Decision*
		In parallel: Stelco Feedstock and Offtake Negotiations

*Subject to Board Approval and Primobius Board Approvals

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Sustainability

Neometals is committed to optimising finite resources with circular practices to benefit society and the environment for a sustainable future.

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• Focus on production of sustainable battery materials - reducing reliance on mining with recovery and recycling

• Commercialising internationally recognised sustainable processing technologies

• Transparent reporting to GRI, SASB, TCFD.

• 3[rd] report in progress

• Updated LCAs in progress

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Experienced & Growing Team

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Steven Cole Chris Reed Dr Natalia Streltsova Doug Ritchie Dr Jennifer Purdie Les Guthrie
Chair Managing Director /
CEO
Michael Tamlin
Jason Carone Merrill Gray Darren Townsend
COO/Lithium
Company Secretary / Head of Recycling CDO/Vanadium
CFO
Paul Wallwork
Jeremy Mcmanus
Giuliano Giordani GM – Investor GM – Marketing and Matthew Read Gavin Beer Irena Ivanova David Robinson Greg Hudson Casper Adson
Financial Controller Relations and Product GM – Lithium GM – Lithium GM – Evaluation GM – Metallurgy and GM – Geology GM – Barrambie
Commercial Development Projects Processing Studies R&D Project
Pablo Carabajal Anél Joubert Matthew Carter Dirk Kotzee Adam Farghaly Rihanna Vanin Eric Taarland Owen Casey
Manager - Finance Manager - ESG Manager - Data Manager – Project Senior Project Project Engineer GM – Vanadium Senior Project
Services Metallurgist
Marketing Geologist
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Corporate Dashboard

NEOMETALS HAS SIGNIFICANTLY OUTPERFORMED THE ASX200 A$82M RETURNED VIA DIVIDENDS AND BUY BACKS IN THE LAST ~5 YEARS

ASX: NMT	OTC:RDRUY
Shares on Issue(1)		m	548.4
Share Price		A$	1.17
Market capitalisation		A$m	641.6
Cash(30-Jun-22)		A$m	60.4
Debt		A$m	-
Investments(30 Jun-22) (2)		A$m	32.1
MAJOR SHAREHOLDERS
David Reed			6.6%
Clearstream/Deutsche Börse			3.9%
Top 20			39%
No of Shareholders			~14,383

Notes: Market data as at 28 July 2022. (1) Excludes 15.3M performance rights

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12 MONTH SHARE PRICE PERFORMANCE
2.00 20,000
1.80 18,000
1.60 16,000
1.40 14,000
1.20 12,000
1.00 10,000
0.80 8,000
0.60 6,000
0.40 4,000
0.20 2,000
0.00 0
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22
Price $A
Volume (‘000s)
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(2) Receivables and investments

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Company Highlights

Neometals is an attractive investment.

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Growing portfolio of ESG-aligned, sustainable battery materials businesses with near-term decision points

Proprietary green processing technologies underpin low-cost, lowcarbon product

Clear strategy to commercialise with proven partnering business model

Strong balance sheet, fully funded to key investment decisions

Strong team with track record and commitment to green circular economy principles

Strong organic growth potential (size and scale) from pipeline of opportunities to deploy as principal, partner or technology licensor – whatever customer needs

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Thank you.

neometals.com.au ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au

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