Critical Metals (CRML) investor relations material

Conference highlights

• Major milestones include successful commercial processing of eudialyte, JV with Romania for a full mine-to-magnet supply chain dedicated to NATO, and ongoing improvements in Tanbreez's quality and scale.

• Secured 92.5% ownership of Tanbreez, with a bid to acquire the remaining 7.5% for full control; consolidation is a strategic priority.

• Plans for up to five drilling rigs, construction of a core shack and laboratory, and delivery of several tons of material to offtake partners this year.

• $30 million capital program planned for the year, with strong cash reserves and ongoing financing discussions.

• Feasibility study for Tanbreez expected by year-end, aiming to demonstrate improved economics over previous studies.

Strategic partnerships and supply chain

• Romanian JV is a 50/50 partnership, with full CapEx carried, leveraging Romania's integrated nuclear system for rare earth processing.

• Supply chain dedicated to NATO countries, with 50% of output reserved for NATO offtake; Tanbreez projected to have a 50-year mining life.

• Metallurgical tests show increasing grades and purity, reaching 99.9995%, suitable for aerospace, military, and robotics applications.

• Tanbreez positioned as a key asset to reduce Western reliance on China for critical minerals.

• JV with European Lithium in Austria, backed by BMW offtake, will be Europe's first mine-to-battery operation, with processing in Saudi Arabia.

Operational and environmental initiatives

• Tanbreez benefits from a low strip ratio, proximity to port, and plans for 100% hydropower, aiming to be the most environmentally friendly mine.

• Magnetic separation and gravity-assisted conveying systems will further reduce environmental impact and operational costs.

• Discovery of gallium, a rare earth banned from export by China, adds strategic value.

• Saudi JV plant will follow the Romanian plant, using the same technology but on a smaller scale, with construction likely in 18–24 months.

• Greenland's infrastructure and multipurpose port development are attracting significant interest, aiding capital costs and financing.