ZEOTECH LIMITED — Investor Presentation 2021

Sep 7, 2021

~~CONFIDENTIAL~~ DRAFT

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Company overview

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Strong growth prospects: An emerging mineral processing technology company

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Exposure to diversified markets: Developing advanced materials, focusing on environmental solutions and sustainable food production

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Proprietary process: Maximising green and sustainable practices: low energy, reduced production time, high reagent recycling, and non-toxic residue

Patent-pending technology: Delivers compelling competitive advantage low OpEx / CapEx, and high product margins

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Near term cashflow potential: Approved Mining Lease exceptionally high-grade raw ore kaolin offering immediate DSO revenue opportunity

Global applicability: Production of low-cost high-grade absorbents with unique properties for a wide range of industry sectors

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•	Large market opportunities from core IP platform Sustainable low-cost production synthetic zeolites Proprietary mineral Lithium refinery cleantech • Commercial Mycotoxin animal feed additives • Climate change CO2 capture / utilisation • Objective is to improve Agronomic applications • Fertiliser delivery
	processing technology originally developed for mine/process tailings remediation Low energy and production time Established $2.4bn global market downstream lithium residue tailings management solution • Proprietary IP to convert Li process residue into high value molecular sieve zeolites increasing moulds that create mycotoxins • Mycotoxins impacting global protein production • Industry collaboration • $1bn+ global market efficiencies of proven CO2 separation / capture processes • Explore utilising zeolites as catalysts for CO2 conversion platform • Decrease soil acidification • Moisture retention • Pesticide destruction • CO2sequestration, offering carbon market opportunity common zeolite technology used across each vertical representing material market opportunities
• •	tailings remediation Low energy and production time Established $2.4bn global market • Proprietary IP to convert Li process residue into high value molecular sieve zeolites global protein production • Industry collaboration • $1bn+ global market Explore utilising zeolites as catalysts for CO2 conversion • Moisture retention • Pesticide destruction • CO2sequestration, offering carbon mar opportunity common zeolite technology used across each vertical representing material market opportunities

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Approved ML accelerates time to revenue

• Toondoon Project approved Mining Lease ML 80126 + EPM’s 27395/27866 over 280 km[2]

• Exceptionally high-grade raw ore kaolin high alumina, low iron and scale brightness

• Synthetic zeolite OpEx materially improved UQ has produced high purity molecular sieve grade zeolite from Toondoon raw ore kaolin

• Immediate DSO opportunity - samples are in mainland China, demand for high-grade DSO kaolin evident

• Advantageous logistics - highway access to major ports

• One of highest-grade raw ore kaolin resources held under approved Mining Lease in Australia

• Elutriated ISO Brightness results 82.5 to 84.5 “ This is among the best, unbleached, kaolin's reported in Australia.”

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Synthetic zeolite overview

Zeolites are high-value adsorbents / catalysts with broad applicability

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• Synthetic zeolites are manufactured aluminosilicate minerals with a sponge-like structure (frameworks)

uniform / porous framework

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• Zeolites are made up of tiny pores that make them useful as adsorbents, catalysts and ultrafine filters.

• Type A zeolites are commonly known as molecular sieves

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• Can be designed to selectively adsorb molecules or ions dependent on their unique construction and can be regenerated repeatedly for re-use

molecular sieve beads / pellets

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Global applications

Zeolites act like a magnet that can hold cations, including heavy metals, ammonia, low level radioactive elements, toxins, petrochemicals, many different types of gases and a multitude of various solutions

Diverse commercial applications:

• Energy and Refineries

• Fertilizer Industries

• Water treatment

• Oxygen Concentrator / Air Separation Units

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• Paint Processing

• Insulating Glass Industries

• Polyurethane Process

• Animal Feed Additives

• Detergent Industry

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ZEO technology unlocks mature / growing global market
• Type A mature established market >A$2.6Bn Global Type A synthetic zeolites market, by grade (A$ million)
•
Detergent grade zeolite manufactured for 30+ years
- 4A detergent grade = A$600-700/t CACR: ~4.0%
- 4A PVC heat stabiliser grade = A$725-785/t CAGR: ~3.4%
$2,670 $2,685
• Targeting higher value Type A Molecular Sieves $2,570 $2,385 $2,465
3A , 4A and 5A molecular sieve grade ~1,142 ~1,185 ~1,200
~1,114
- A$2,850-4,000/t ~1,071
• Type X and Lithium X – program commencing 4 [th] Quarter
• 13X molecular sieve grade and Li-X ~1,428 ~1,485 ~1,314 ~1,371 ~1,485
- A$3,000-4,500/t (13X)
- up to A$15,000/t (Li-X)
2018 2019 2020E 2021F 2022F
Zeolite 4A Detergent Grade Molecular Sieves (Zeolites)
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AUD = USD 70c (FX) Aranca – Global Analysis 4A Detergent and 3A, 4A and 5A molecular sieves grade Nov 2020 (market data)

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Sustainable, proprietary low-cost manufacturing

• Distinct environmental advantages over conventional production methods

• The UQ Chemical Engineering team has demonstrated (under lab-scale conditions): Up to 70% reduction in energy consumption

• thermal activation stage

• Up to 80% reduction in production time - subsequent zeolite precipitation steps

• Low environmental footprint:

• high reagent recycling

• significant reduction in by-product residue

• non-toxic process residue

• Primary commercial plant P&E remains ‘conventional’ = low CapEx

• Dual-feed pilot program progressing, continuous (bench) circuit underway

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Lithium refinery cleantech

• ZEO holds patent-pending IP for the synthesis of synthetic zeolites from leached spodumene (Li process residue)

• As lithium battery demand grows its anticipated that the lithium refinery sector will produce significant amounts of lithium process residue

• The process of converting spodumene concentrates to lithium hydroxide requires about 7 tonnes of concentrate feed to produce 1 tonne of lithium hydroxide, with the balance tailings

• Dual-feed Pilot program underway Leached Spodumene residue from two (2) lithium hydroxide refineries undergoing bench-scale optimisation

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Lithium Leached Linde type A process residue residue (4A) zeolite

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Mycotoxin animal feed additives

• Collaboration with Bioproton, a leading & innovative animal feed additives manufacturer (exporting to 45 countries – facilities in Aust / Europe)

• Climate change increasing moulds (fungus) that create mycotoxins, which affect animal health, in turn impacting global protein production

• Mycotoxins reduce weight gain and growth rate and increase mortality

• Mycotoxin additives are increasing being applied to animal feed as a preventative, placing upward pressure on demand

• Global Mycotoxin feed additives market >AUD $1Bn comprises of:

• Premium = A$470m CAGR 7% pa

• Advanced = A$470m CAGR 4% pa

• Simple = A$160m CAGR 2% pa

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https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/2020-06-12-presentation-toinvestors-erber-group-acquisition.pdf

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CO2 capture and utilization technology

• UQ research program underway

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• Zeolites can capture and “adsorb” CO2 while allowing other substances through and then under certain conditions release “desorb” CO 2

• Objective is to improve efficiencies of proven CO2 separation/capture processes using synthetic zeolites as structured adsorbents to develop economically viable CO 2 capture & utilization

• technologies

• Potential to explore using zeolites as catalysts to produce value-added chemicals

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image source: phy.org news https://phys.org/news/2012-02-octagonal-window-opportunity-carbon-capture.html

https://phys.org/news/2020-01-newly-screening-carbon-capture.html https://www.eurekalert.org/pub_releases/2019-12/cuot-asn120619.php https://scitechdaily.com/solid-acid-nano-sponges-transform-co2-into-fuel-and-plastic-waste-into-useful-chemicals/

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Agronomic applications

Pilot trials undertaken by Griffith University reveal potential to develop Zeotech products to offer solutions to large-scale agricultural challenges, driven by promising results:

• Decreased soil acidification

• Enhanced moisture retention

• Pesticide destruction

• High nutrient retention

Outcomes have driven planning on expanded pilots for (new) product development targeting:

• Fertilizer delivery/carbon markets and agricultural pollutants

• Dr. Chris Pratt (GU) commented on Type A zeolite results: “Exceptional phosphate adsorption”

“very encouraging pesticide removal not only pesticide removal observed but actual breakdown of the compound”

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• •	Accelerate DSO marketing strategy • Share bench-scale optimisation results with 2 x lithium • Commence new GU agronomic pilots, targeting: • Transition to next phase of mycotoxin binder • Complete UQ CO2 capture research program Near term value drivers
	commence mining plan application Set Asian markets representation Secure tangible buyer interest refinery partcipants • Complete kaolin and lithium residue bench-scale circuit and commence construction of dual-feed pilot a) fertilizer delivery; b) treatment of agricultural pollutants; and c) carbon markets animal feed assessment • Progress to formalising Bioproton collaboration • Explore CO2 sequestration in expanded GU agronomic pilot
• •	Set Asian markets representation Secure tangible buyer interest bench-scale circuit and commence construction of dual-feed pilot pollutants; and c) carbon markets formalising Bioproton collaboration agronomic pilot

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Appendix: ADDITIONAL INFORMATION

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Corporate snapshot
$138M (fully diluted) 1,485M $5.47M $0 $0.085
MARKET CAPITALISATION SHARES ON ISSUE CASH AT BANK DEBT CURRENT SHARE PRICE
Share price and volume
BOARD & MANAGEMENT 0.12 50
Peter Zardo - Managing Director 45
0.10
Sylvia Tulloch - Non-Executive Chair 40
Rob Downey - Non-Executive Director 0.08 35
Dr. John Vogrin - Project Manager 30
0.06 25
TECHNICAL PARTNERS 20
0.04
The University of Queensland 15
10
Griffith University 0.02
5
0.00 0
1/01/21 1/02/21 1/03/21 1/04/21 1/05/21 1/06/21 1/07/21 1/08/21 1/09/21
Volume Price
Price ($)
Volume (m)
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or
with the
at any
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Disclaimer

This presentation announcement has been approved in accordance with the Company’s published continuous disclosure policy and has been approved by the Board.

CAUTIONARY STATEMENT

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in that jurisdiction.

The information in this presentation is published to inform you about Zeotech Limited (“Zeotech” or the “Company”) and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice.

To the extent permitted by law, Zeotech accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions.

COMPETENT PERSON’S STATEMENT

Information in this presentation relating to resource work for the Toondoon Kaolinite Project is based on information provided by Mr Graham Rolfe (BSc, MSc, FAIG, RPGeo), who has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. The exploration results such as drill logging and geochemical analyses used in the mineral resource estimate were compiled by Mr Rolfe. Mr Rolfe consents to the disclosure of information in the form and context in which it appears.

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Zeotech Limited Peter Zardo Managing Director (+61) 7 3181 5523 peter@zeotech.com.au

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