Announcement PDF Exploring niobium and REE projects in WA and Canada with complimentary critical mineral processing technology. MANAGING DIRECTOR LACHLAN REYNOLDS MARCH 2024 FUTURE FACING COMMODITIES CONFERENCE DISCLAIMERS This presentation has been prepared by MTM Critical Metals Limited (ACN 645 885 463) (“MTM Critical Metals”, “MTM’ or “Company”) for the exclusive use of the party to whom MTM Critical Metals delivers this document (the “Recipient”). The information contained in this document has been prepared in good faith by MTM Critical Metals. However, to the maximum extent permitted by law, no representation or warranty, either express or implied, is made as to the accuracy, completeness, adequacy or reliability of the information contained in this document. This document contains only a synopsis of more detailed information in relation to the matters described herein and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information as presented herein. This document should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient should conduct its own due diligence in respect of the contents of this document. To the maximum extent permitted by law, MTM Critical Metals, its directors, officers, employees, advisers, and agents disclaim any or all liability for any loss or damage which may be suffered by any person as a result of the use of, or reliance upon, anything contained within or omitted from this document. This document has been prepared solely for informational purposes. This document does not constitute a prospectus or other form of disclosure document and is not to be construed as a solicitation, invitation or an offer to buy or sell any securities, or related financial instruments, in any jurisdiction. This document is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act 2001 (Cth) and has not been approved by any regulatory authority such as the Australian Securities and Investments Commission or the Australian Securities Exchange. The Recipient should not construe the contents of this document as legal, tax, accounting or financial or investment advice or a recommendation. The Recipient should consult its own legal counsel, tax and financial advisors concerning any matter described herein. This document does not purport to be all-inclusive or to contain all of the information that the Recipient may require. No investment, divestment or other financial decisions or actions should be based solely on the information in this document. The distribution of this document may be restricted by law in certain jurisdictions. The Recipient and any other persons who come into possession of the document must inform themselves about, and observe, any such restrictions. Cautionary Statement Regarding Exploration & Development, Values & Forward-Looking Information The tenements comprising the Company’s projects (“Projects”) are at various stages of exploration and development and potential investors should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that exploration and development of the Projects, or any other tenements that MTM Critical Metals may acquire in the future, will result in the discovery of an economic deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited. Specifically, investors are cautioned that the Projects have no reported mineral resources or ore reserves and that the proximity of the Projects to any deposit and any geological similarities with that deposit are no guarantee that the Project will be prospective for an economic reserve. It is a requirement of the ASX Listing Rules that the reporting of exploration results in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (“JORC Code”). Investors outside Australia should note that while exploration results pertaining to the Projects comply with the JORC Code, they may not comply with the relevant guidelines in other countries and, in particular, do not comply with National Instrument 43 101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the “Canadian NI 43 101 Standards”). The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. MTM Critical Metals does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forwardlooking statements are based upon estimates and opinions at the date the statements are made. To the maximum extent permitted by law, MTM Critical Metals undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of MTM Critical Metals from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. MTM Critical Metals, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein. By accessing or reviewing this document, the Recipient acknowledges and agrees to the "Disclaimer" as detailed above. 2 MTM HAS ACQUIRED 100% OF FLASH METALS PTY LTD WEST ARUNTA PROJECT FLASH JOULE HEATING MUKINBUDIN PROJECT MTM recently acquired 100% of Flash Metals Pty Ltd1, owner of three exploration licences in Western Australia’s West Arunta region, immediately adjacent to ground held by WA1 Resources (ASX:WA1) and Encounter Resources (ASX:ENR). A complimentary processing and recycling technology being developed to extract critical metals like REE, nickel, cobalt and lithium from natural mineralisation and from waste material. Located in an emerging exploration hotspot where REE mineralisation has been locally reported by Codrus Minerals (ASX:CDR) and Caprice Resources (ASX:CRS). 1 Refer to MTM ASX announcement dated 19 December 2023 3 WEST ARUNTA NIOBIUM-REE PROJECT Western Australia, Australia 140km2 Next door to recent niobium-REE carbonatite discoveries by WA1 and Encounter. Located immediately adjacent to tenements held by WA1 Resources Ltd (ASX:WA1) near the Luni Carbonatite Discovery and the P2 Carbonatite Discovery; and Encounter Resources Ltd (ASX:ENR) where niobium-REE mineralised carbonatites have recently been discovered. New acreage acquired from Flash Metals comprises three exploration tenements totalling 140km2. The West Arunta region has emerged as one of Australia’s exploration hotspots with over $60m collectively invested in the district by a number of ASX companies including Rio Tinto (JV with Tali Resources) (ASX:RIO), CGN Resources (ASX:CGR), and IGO Limited (ASX:IGO). 4 FLASH JOULE HEATING TECHNOLOGY Emerging processing and recycling technology shown to extract critical metals like REE, nickel, cobalt and lithium from natural mineralisation and from waste material. Application for treating rare earth mineralisation could unlock immense value from otherwise economically marginal deposits. Exciting recycling application, that has demonstrated the potential to more efficiently recover critical metals including REE, precious metals and battery minerals through the recycling of lithium-ion batteries, ewaste, coal fly ash and bauxite residue. Negotiation of worldwide, exclusive Licence Agreement in progress.1 Developed by Rice University in Houston, USA which has had previous ASX successes including Weebit-Nano Ltd (ASX:WBT); and Universal Matter Inc. 1 Refer to MTM ASX announcement dated 13 March 2024 5 WHY PRODUCE CRITICAL MINERALS SUCH AS REE AND Li FROM BATTERIES, eWASTE AND INDUSTRIAL WASTE? Local Supply: Environmental Solution: Abundant Resource: Secure Supply: Abundant waste sources in key end user markets near infrastructure Utilities and government will pay to clean up toxic waste The opportunity to build a massive inventory of critical minerals Supply chain certainty and security free of geopolitical risks Rapid Scale: Exploration: Sustainable Sourcing: Upside Process potential: Scale production quickly and cheaply with low capex and opex No exploration or mining risk and cost Sustainable supply chain with no waste water issues Potential to produce REE oxides, metals and alloys on site 6 LAB-SCALE PROCESS IS SCALABLE Lab scale-up has demonstrated 1 kg per day. Universal Matter Inc is producing graphene using the same FJH technology from Rice University and has already scaled to more than 1 tonne per day and is moving towards 3 tonnes per day. 7 RARE EARTHS EXPLORATION IN QUEBEC AND WESTERN AUSTRALIA POMME PROJECT Quebec, Canada 2,400ha Advanced carbonatitehosted rare earth element (REE) and niobium (Nb) potential. MTM has the exclusive and binding option to acquire 100% of the project. 7km from world class Montviel Deposit 266 Mt @ 1.46% TREO and 0.14% Nb2O5. Diamond drilling completed in 2023, further work planned Australia, Australia EAST LAVERTON Western 1,900km PROJECT 2 Prospective for clay-hosted REE, nickel and gold in historical mining district with good access to existing infrastructure. MTM has been actively exploring since 2021 with soil geochemistry and drilling – defined multiple target areas. Extensive aircore and RC drilling completed. 8 POMME REE-Nb CARBONATITE PROJECT Quebec, Canada 2,400ha Targeting a REE-Nb resource next door to the world class Montviel Deposit. 2023 diamond drilling Results 13 HOLES, 5,700m Grades up to 1.45% TREO and 0.02% Nb205 over 26.5m1. Up to 25% Neodymium (Nd) and Praseodymium (Pr)2. Large mineralised system in carbonatite intrusion. 1 Refer to MTM ASX announcement dated 28 September 2023 2 Stated as percentage of total rare earth element oxides (TREO) 9 POMME PROJECT 2023 DRILLING Excellent geological prospectivity for significant discovery. REE-Nb mineralisation observed in all 13 holes – BIG >2km2 system. Hole POM-23-03 398m @ 0.54% TREO & 0.05% Nb2O5 from 16m, including: 30.5m @ 1.13% TREO & 0.03% Nb2O5 (from 311.5m) including 26.5m @ 1.45% TREO & 0.02% Nb2O5 51m @ 0.92% TREO & 0.06% Nb2O5(from 216m) including 9m @ 1.21% TREO & 0.03% Nb2O5and 8.5m @ 1.62% TREO & 0.03% Nb2O5 36m @ 0.92% TREO & 0.06% Nb2O5 (from 174m) including 18m @ 1.16% TREO & 0.03% Nb2O5 Hole POM-23-01 513m @ 0.33% TREO & 0.08% Nb2O5 from 32m, including: 131m @ 0.47% TREO & 0.05% Nb2O5 (from 317m) including 2.65m @ 1.47% TREO & 0.02% Nb2O5 2.65m @ 1.48% TREO 43.4m @ 0.45% TREO & 0.12% Nb2O5 (from 216.1m) Simplified geological cross-section 389,100mE 10 EAST LAVERTON PROJECT Western Australia, Australia 1,900km2 District-scale REE project in historical mining precinct with access to infrastructure. May 2023 drilling Aircore holes RC holes 174 6 Results Anomalous REE mineralisation identified over >200km2 1 Intercepts >1,000 ppm TREO identified over 12km2 2 19.5% Neodymium (Nb) and Praseodymium (Pr)3. 24.4% Magnet Rare Earth Oxides (MREOs). 1 Refer to MTM ASX announcement dated 11 October 2023 2 Refer to MTM ASX announcement dated 15 May 2023 3 Stated as percentage of total rare earth element oxides (TREO) 11 BOARD & MANAGEMENT We’ve delivered successful outcomes in mining for decades. John Hannaford Lachlan Reynolds David Izzard Tony Hadley Simon Adams An experienced corporate executive with extensive experience in the ASX Resources sector as Corporate Advisor, Executive, Chairman, Company promoter and investor. A qualified Chartered Accountant and Fellow of the Securities Institute of Australia, he is a founder and director of Rockford Partners, a financial services company in Perth, WA. A strong geological background with more than 30 years involvement in mineral exploration, project development and mining. Worked with major mining groups including WMC in gold, nickel, copper and uranium projects covering a number of different regions. Served as an executive and senior manager for a number of ASX and TSX listed companies. A highly experienced Executive and Non-Executive Director with extensive skills in all aspects of financial and commercial management at a senior executive level in both listed and unlisted companies. Strong knowledge and experience of mining operations and instrumental in the formulation of a number of junior exploration companies. A senior metallurgist with over 30 years of experience within the mining industry. Broad technical knowledge in mineral processing covering flowsheets, project design, engineering and process plant commissioning, flotation, comminution, cracking, leaching, gravity and magnetic separartion, and neutralisation of REE concentrates. An experienced CFO with background in a range of industries including the upstream energy sector, aquaculture (pearl production and distribution), hybrid power systems (design and manufacture) and mining (gold exploration and mining). Skilled in business analysis, negotiation, team building and risk management. Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director CFO & Company Secretary 12 CORPORATE OVERVIEW Share price Market capitalisation Board & Management ownership Top 20 ownership A$0.07 A$19.7m 6.7% 45.9% As at 27 March 2024 As at 27 March 2024 As at 26 March 2024 52 week high $0.22, low $0.02 As at 27 March 2024 Shares on issue Cash 281.1m As at 27 March 2024 A$4.8m ASX Share price performance ($A) Financial year to XX March 2024 0.15 Estimated as at 22 March 2024, including Share Placement1, 2 0.10 Listed options (MTMO) 153.9m 0.07 Debt 0.05 Nil As at 27 March 2024 | Jul 2023 | Sept | Nov | Jan 2024 | Mar 1 Refer to MTM ASX announcement dated 12 January 2024 2 Refer to MTM ASX announcement dated 27 March 2024 13 STATEMENTS Competent Person’s Statement Previous Disclosure The information in this presentation that relates to Exploration Results is based on and fairly represents information compiled by Mr Lachlan Reynolds. Mr Reynolds is the Managing Director of MTM Critical Metals Limited and is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. Mr Reynolds has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reynolds consents to the inclusion in this report of the matters based on information in the form and context in which they appear. The information in this presentation is based on the following MTM Critical Metals Limited (formerly Mt Monger Resources Limited) ASX Announcements, which are available from the MTM Critical Metals website www.mtmcriticalmetals.com.au and the ASX website www.asx.com.au: • • • • • • • 15 May 2023 “Drilling confirms further rare earth element mineralisation and increased potential at East Laverton” 28 September 2023 “High grade total rare earth element oxide (TREO) drilling results returned over significant widths at the Pomme REE-Nb Project, Québec” 11 October 2023 East Laverton Project soil survey defines extensive new rare earth and nickel targets” 19 December 2023 “MTM to acquire West Arunta Niobium-REE Project” 12 January 2024 “$7 million Capital Raise to accelerate exploration and future project development” 13 March 2024 “MTM formally exercises its option for global licence agreement over flash joule heating” 27 March 2024 “Flash Metals acquisition, Tranche 2 of the placement and convertible note settlement completed” The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are represented have not been materially modified from the original market announcement. 14 CONTACT MTM Critical Metals Limited Suite 2, 38 Colin Street, West Perth, WA 6005 Phone 08 6391 0112 | Email info@mtmmetals.com.au ASX:MTM mtmmetals.com.au Lachlan Reynolds Managing Director Follow us www.linkedin.com/company/mtm-critical-metals lachlan.reynolds@mtmmetals.com.au Join the conversation twitter.com/MTMCriticalMet 15