Neometals Ltd · ASX:NMT
Neometals — Shareholder Meeting (November 2025)
37 slides from Neometals's shareholder meeting presentation, Nov 27, 2025
Slide 1: Gold. Critical Materials. The Best of Both Worlds
For personal use only Gold. Critical Materials. The Best of Both Worlds AGM Presentation | 27 November 2025 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation has been prepared and issued by Neometals Ltd (Neometals, or the Company) to provide summary law. Persons who come into possession of this presentation should observe any such restrictions as any non- information about the Company’s current activiti
Slide 3: Important Notices and Disclaimer (continued)
Important Notices and Disclaimer (continued) 1. 23 September 2024, titled “Barrambie Gold Exploration Target”; Cautionary Statement – Exploration Target 2. 5 February 2025, titled “Maiden Gold Drilling Programme Commences at Barrambie Project”; The Competent Person cautions that the potential quanti
Slide 4: Mining, exploration and processing are in our DNA
Mining, exploration and processing are in our DNA For personal use only Comet Vale (2002-2009) Au Meekatharra (2011-2013) Au Barrambie (2024+ ) Au Mt Marion (2015-2018) Li ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 4 neometals.com.au neometals.com.au
Slide 5: Gold for Cashflow, Critical Metals for Growth
Gold for Cashflow Critical Metals for Growth Low-capex, open-pit/toll processing model Low-capex, low-risk, technology licensing model Camp Scale Opportunity For personal use only in Prolific Business Unit Downstream Lithium Vanadium Goldfield Multiple Processing Patents US$ 21/15 0/6 Options and (G
Slide 6: Corporate Dashboard
Corporate Dashboard ASX: NMT OTCQX: NMTAY Shares on Issue (1) m 770.5 Share Price A$ 0.052 Market Capitalisation A$m 40.1 RELATIVE PRICE PERFORMANCE Cash (30-Sep-25) (2) A$m 10.2 Debt (30-Sep-25) (2) A$m – 200 30 For personal use only Investments (30-Sep-25) (2) A$m 0.2 180 25 Share Sales (m) 160 Pr
Slide 7: Strong Team and Culture
Strong Team and Culture Board Steven Cole Chris Reed Les Guthrie Independent Greg Evans Jennifer Purdie Managing Director / Independent Independent Non-Executive Director Chairman CEO Non-Executive Director Non-Executive Director Retiring For personal use only at AGM Doug Ritchie 40+ years in legal
Slide 8: Right Values
Right Values Our six core values Corporate underpin all the Company’s activities and are reflected in the acronym STRIDE. For personal use only ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 8 neometals.com.au neometals.com.au
Slide 9: Lithium-ion Battery (LiB) Recycling
For personal use only Lithium-ion Battery (LiB) Recycling ASX: NMT | OTCQX: NMTAY | DEU: 9R9 99 neometals.com.au
Slide 10: Neometals Exit from LiB Recycling
Neometals Exit from LiB Recycling • Neometals has divested its 50% interests in: ➢ Primobius GmbH (the plant building business); and, ➢ ACN 630 589 507 Pty Ltd (the technology For personal use only holding company). • Neometals received €5M (AU$8.9M) cash as upfront consideration at completion. • Ne
Slide 11: Barrambie Gold
For personal use only Barrambie Gold Barrambie Gold Project 100% Neometals ASX: NMT | AIM: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 12: Barrambie Gold Project
Barrambie Gold Project • Camp-scale, +500 sqkm tenure over 40km X 8km Barrambie Greenstone Belt1 located in the prolific Murchison Gold Belt in Western Australia • Historic Mining Centre: 15.4k ounces @ 29.4g/t Au production from Barrambie Ranges and 3.9k ounces @ 22.9g/t Au at Sugarstone1 For perso
Slide 13: Strategy
Strategy # 1 Resource Development5 • Advance Ironclad MRE & studies (13k Oz MRE). # 2 Resource Extension1,2 • Test extensions & new mineralisation at historic mines: ➢ Barrambie Ranges – Golden Treasure Mine (15.4k Oz production at 28.96g/t Au); For personal use only ➢ Ironclad-Mystery-Sugarstone (3
Slide 14: Resource Development
# 1 Resource Development Ironclad Deposit – June 2025 Inferred Mineral Resource Estimate 13k Ounces Au at 1.6g/t5 • Subsequent diamond drilling and recently discovered assays for 61 historic • Mining Lease lodged, Native Title process progressing RC holes7 expected to grow and increase confidence in
Slide 15: Resource Extension: Mystery – Ironclad – Sugarstone
# 2 Resource Extension Mystery – Ironclad – Sugarstone: Production by previous historical operators 3.9k Oz at 22.9g/t Au1 Ironclad Deposit (completed 3,547m RC10): • Target depth and strike extensions to potentially expand the current Inferred MRE5; and, For personal use only • Infill drilling of t
Slide 16: For personal use only
1,2,5,6,7 25MYDD001 10.2m @ 2.72g/t from 83.3m historic For personal use only intercept to be reported historic iintercept to be reported 8m @ 6.51g/t from 18m historic intercept to be reported RC piece points Nov ‘25 Historical drilling has been reported in previous Neometals ASX announcements; for
Slide 17: Resource Extension: Barrambie Mine
# 2 Resource Extension Barrambie Mine: Production by previous historical operators 15.3k oz. at 29.4/t Au1 • Converging shears and stratigraphy; • Various sedimentary hosts For personal use only Barrambie Ranges and Golden Treasure gold mine (completed 3,258m RC)10 • Test extensions of high-grade mi
Slide 18: Barrambie Ranges long section
For personal use only See slide 3 for other footnote references Barrambie Ranges long section showing historic and 2025 RC drill pierce points and assay intercepts 10 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 19 neometals.com.au
Slide 19: Brownfields and Greenfields Targets
# 3 Brownfields # 4 Greenfields Targets1,2 Targets1,2 1 Kismet Prospect 2024 rock-chip samples • 8.0m at 6.26g/t Au (SSTA33) 4 Kismet East: +1.5km trend (3.7g/t, 2.4g/t & 5.1g/t Au) For personal use only • 4.0m at 2.78g/t Au (SSTA35) 1 5 Barrambie Consols: 2.8g/t & 3.2g/t Au • 8.0m at 1.16g/t Au (SS
Slide 20: Indicative Timeline for Barrambie Gold Project
Indicative Timeline for Barrambie Gold Project * For personal use only ASX: NMT | OTCQX: NMTAY | DEU: 9R9 *The indicative timeline is subject to change and is dependent on approvals, funding, permitting, development outcomes and market conditions. 21 neometals.com.au Actual outcomes may differ mater
Slide 21: Lithium Chemicals: ELi Process Technology
For personal use only Lithium Chemicals ELi Process Technology Reed Advanced Materials (“RAM”) 70% Neometals / 30% Mineral Resources Ltd ASX: NMT | OTCQX: NMTAY | DEU: 9R9 22 neometals.com.au
Slide 22: ELi Process vs Conventional Brine Flowsheet
Comparison of ELi Process vs. Sustainable Competitive Advantages Conventional Brine Flowsheet Minimal bulk reagents 1 enable production at lower cost vs. For personal use only Low Cost conventional process Option to incorporate 2 Low Carbon green electricity aims to lower carbon footprint Minimal wa
Slide 23: ELi Process Aims to Deliver Sustainable Cost & Carbon Advantages
ELi Process Aims to Deliver Sustainable Estimated Capital Intensity (Conversion to LHM) US$ CAPEX per tonne of annual LHM capacity1 Cost & Carbon Advantages To Users 35,000 30,000 25,000 US$ / tpa (LHM) • Patented low-cost conversion of lithium chloride solutions to 20,000 lithium hydroxide monohydr
Slide 24: Strategic MoU with Rio Tinto
Strategic MoU with Rio Tinto Background RAM successfully pilot tested purification and electrolysis in 2023 and 2024 respectively, producing high-purity lithium hydroxide monohydrate crystals1 from Rio Tinto’s Rincon brines. Key Areas of Collaboration2 • Testing Support: Evaluate potential for Rio T
Slide 25: Utah Brine Project
For personal use only Utah Brine Project Utah Brine Project Option for Well Access Agreement ASX: NMT | OTCQX: NMTAY | DEU: 9R9 neometals.com.au
Slide 26: Executive Summary
Executive Summary • Neometals Ltd (Neometals) through its wholly owned subsidiary Neometals Energy Pty Ltd (Neometals Energy) and its US partner Omaha Value Inc. (Omaha) have entered a 60-day exclusivity and option agreement (Option Agreement) with American Helium LLC (AHL) and Ascent Resources plc
Slide 27: Strategic Rationale and Investment Thesis
Strategic Rationale and Investment Thesis • Strategic entry into a known lithium-potassium basin with growing importance for domestic critical materials supply chains. • Benefits from option structure to minimise capital outlay and risk, with For personal use only early access to essential project d
Slide 28: Option Agreement – Summary Terms
Option Agreement – Summary Terms • Grants Neometals and Omaha a 60-day exclusivity period to complete due diligence and agree a definitive access and use licence over a portfolio of AHL and Ascent’s historic oil and gas wells in the Paradox Basin. • Access and use licence will facilitate: For person
Slide 29: Why Brines in Utah?
Why Brines in Utah? • Access to existing well infrastructure, low-cost (~US 2.7 - 6c/KWh) Rocky Mountain Power (July 2025) and rail at Moab (65km). • Proximal to Lisbon Valley Natural Gas Plant (53% For personal use only American Helium) and third-party pipelines enable access to Henry Hub price-lin
Slide 30: Paradox Basin Geology
Paradox Basin Geology • Multiple known lithium bearing formations – prime target is the super-saturated Paradox Formation brines within thick halite (salt) interbedded with clastic (rock sediment). • Under significant pressure, potentially assisting with brine flow to the surface. For personal use o
Slide 31: Historic Brine Assays (Public Data)
Historic Brine Assays (Public Data) • Historic data from covered acreage indicate brines up to 147 mg/L lithium and +33,000 mg/L potassium. Well Long/Lat Target Sample Li Br K Formation Depth (ft) (mg / L) (mg / L) (mg / L) For personal use only Big Indian #1 38.239428/ Paradox 6,150 147 2,920 33,60
Slide 32: Vanadium Recovery
For personal use only Vanadium Recovery Vanadium Recovery Process Technology 100% Neometals Vanadium Recovery Project 1 - Finland 86.1% Neometals 11.7% Critical Metals Ltd 2.2% EIT Raw Materials GmbH ASX: NMT | OTCQX: NMTAY | DEU: 9R9 33 neometals.com.au
Slide 33: Strong Fundamentals
Strong Fundamentals Vanadium Demand by Sector 600 100 % Consumption by Batteries (%) 450 75 % • Vanadium Flow Battery (“VFB”) forecast driver of vanadium Tonnes (V) Thousands demand growth (refer RHS charts) 300 50 % ➢ Projected >300% increase in demand by 2040 150 25 % ➢ Estimated ~75% VFB market s
Slide 34: Seed Funded 1st Circular Vanadium Development in EU
Seed Funded 1st Circular Vanadium Development in EU NMT owns 86.1% of Novana Oy, technology licencee and developer of Vanadium Recovery Project 1 in Pori, Finland Location: Tahkoluoto Port, City of Pori, Finland Capital cost: ~314M USD 2 SSAB For personal use only Luleå Operating cost: US$4.19/lb V2
Slide 35: Strong Management and Advisory Team to Deliver
Strong Management and Advisory Team to Deliver EIT Raw Materials 2.2%1 equity + option to move to 19.9%2 – approved for EIB debt finance. €48.7M3 Business Finland Grant Advisors Johanna Lamminen Darren Townsend Equity advisors Legal Advisor Debt Advisor CEO COO For personal use only Indicative Proje
Slide 36: Exposure to Gold & Critical Metals – Multiple Shots on Goal
Exposure to Gold & Critical Metals – Multiple Shots on Goal Diversified exposure to gold stability and critical metals growth, through a capital-light, innovation-led business model Strategic Commodity Diversification • Balanced exposure across gold and critical battery materials (lithium, vanadium)
Slide 37: Neometals Ltd
For personal use only Neometals Ltd neometals.com.au ASX: NMT | OTCQX: NMTAY | DEU: 9R9 ASX: NMT | OTCQX: NMTAY | DEU: 9R9 38 neometals.com.au