Capital Metals Plc · LSE:CMET
Capital Metals — Investor Presentation (April 2026)
11 slides from Capital Metals's investor presentation, April 2026
Slide 1: Approaching FID - Taprobane Mineral Sands Project
APPROACHING FID DIGITAL VERSION Exceptionally high-grade Taprobane Mineral Sands Project Sri Lanka |Q4 2025
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) has been prepared by statements will be at your sole risk. relied on in connection with, any contract or commitment or Capital Metals Plc (“CMET” or the “Company”). investment decision. Some or all of the information contained in The information cont
Slide 3: Project Overview
PROJECT OVERVIEW Mine & Plant Construction Plan Advancing • 17.2Mt resource at 17.6% THM, with significant tonnage upside now being generated through recent and ongoing drilling • 2 Initial Industrial Mining Licences issued, additional applications advancing • Mineral Technologies to supply ‘off the
Slide 4: Key Project Metrics
KEY PROJECT METRICS 108km2 Size project area 17.2Mt Resource of current Initial JORC 17.6% Total Heavy Minerals (THM) 75 % Valuable Heavy Minerals 90% THM recoveries 300 New Jobs Created • 2025 drilling confirms consistent high grades and 3.2x mineralisation surface area increase in Initial Mining A
Slide 5: Resource Upside
RESOURCE UPSIDE • 2016 MRE (17.2Mt at 17.6% HM) was from only 2,621m of drilling to an avg depth of only 1.6m, with max. depth of 3.5m and 5% bottom cut • 2025 Stage 1 drilling delivered ~15x increase in MRE tonnes in the proposed Initial Mining Area alone (IMA previously 5% of total MRE) ▪ Maintain
Slide 6: Exceptional In-Situ Grade
EXCEPTIONAL IN-SITU GRADE • 17.6% THM grade driving increased value and efficiency Capital Metals o Simplicity o Lower CAPEX o Lower OPEX o Higher plant recovery and grades o Reduced environmental footprint • Outlier - chart shows Capital Metals project in situ VHM Other grade % and contained ilmeni
Slide 7: Growing Stakeholder Support for Mining
GROWING STAKEHOLDER SUPPORT FOR MINING As the Minister of Industries, … I am committed to advancing…the mineral resources industry - to strengthen the national economy, • Geological Survey and Mines Bureau transferred from Ministry of enhance export earnings, and Environment to Ministry of Industry
Slide 8: Road to Production
ROAD TO PRODUCTION Jun 2016 Nov 2021 Apr 2022 1 2 3 May 2022 MINERAL RESOURCE ENVIRONMENTAL STRONG DRILL RESULTS 4 IMPACT ASSESSMENT RESULTS OF ESTIMATE Confirmed higher grade and DEVELOPMENT STUDY Among the highest Comprehensive consulting potential for resource process completed Strong economics a
Slide 9: Share Price Performance Reflecting Delivery of Milestones
SHARE PRICE PERFORMANCE REFLECTING DELIVERY OF MILESTONES 9
Slide 10: Corporate Overview
CORPORATE OVERVIEW $35m Market Cap at 5.5p Vs $180m Base Case project NPV8 Key Info Major Shareholders 12.2% Ambeon Capital PLC ~491 million Shares in issue 10% Sheffield Resources Limited ~42 million Options / Warrants 8.9% Bart Properties Pty Limited 5.1% Skyfall Properties Limited CMET LSE ticker
Slide 11: Summary
SUMMARY GRADE IS TRULY KING RESOURCE UPSIDE Super high grades (17.6% THM) enable a rapid, low-cost Already delivered ~15x increase in MRE tonnes in solution with relatively low risk Initial Mining Area from recent (ongoing) drilling FUNDED ENVIRONMENT Company funded beyond FID and project funding Lo