Neometals (NMT) investor relations material

Strategic direction and business model

• Transitioning to a gold producer with a focus on low-capex, cashflow-generating joint ventures and toll milling models for gold production.

• Diversified exposure to gold, lithium, and vanadium, balancing near-term cashflow with long-term growth opportunities.

• Emphasis on ESG-aligned, lower-carbon technologies and partnerships with global leaders.

Financial and corporate overview

• Returned over A$82M to shareholders through dividends, buy-backs, and capital returns.

• Market capitalization of A$28.9M as of May 2026, with A$4.1M in cash and A$1.4M in AR & investments.

• 874.8 million shares on issue, with major shareholders including William Richmond and Clearstream Nominees.

Barrambie Gold Project and Ironclad deposit

• 100% ownership of Barrambie Gold Project, with a 50:50 production JV at Ironclad with BML Ventures.

• Ironclad Mineral Resource Estimate (March 2026): 285,000t @ 1.6g/t Au for 15,000oz Au, with 86% of ounces in the Indicated category.

• Scoping Study projects up to A$23M free cash flow from Ironclad, assuming a 12-month operation and A$7,000/oz gold price.

• Minimal upfront capex required, with production expected to de-risk the project and fund further exploration.