Beowulf Mining (BEM) Corporate Presentation summary

Strategic focus and portfolio

• Developing a diversified portfolio of critical minerals, including iron ore, graphite, copper, zinc, cobalt, nickel, and gold, to support the European green transition.

• Core assets include Kallak (Sweden's largest undeveloped iron ore project) and Grafintec (one of Europe's largest flake graphite resources and an anode materials plant in Finland).

• Exploration assets in Kosovo and Sweden provide significant upside and optionality, targeting base and precious metals.

• Positioned to benefit from EU and global political initiatives supporting supply chain security for critical raw materials.

• Substantially new board and management with significant industry experience, focused on unlocking asset value.

Kallak iron ore project

• Kallak North has a measured and indicated resource of 111Mt at 28% Fe and inferred resource of 25Mt at 28.3% Fe.

• Scoping study outlines a 14-year open pit mine producing 2.5Mtpa of high-grade, low-impurity concentrate at 69% Fe.

• Project benefits from proximity to infrastructure, low-cost clean energy, and strong demand for high-grade iron ore for green steel.

• Pre-feasibility study and environmental permitting are in progress, with production targeted post-2027.

• Significant exploration upside exists at Kallak South and surrounding areas, with potential for mine life extension.

Grafintec graphite and anode materials

• Developing an anode materials plant in Finland, initially targeting >20,000 tonnes production in 2027, with phase 2 expansion to >60,000 tpa.

• Aitolampi project holds 26.7Mt at 4.8% graphite, with high-purity concentrates suitable for battery anode production.

• Project is advancing through pre-feasibility and environmental permitting, aiming for first production in 2027.

• Positioned to address Europe's supply/demand imbalance for natural graphite, supporting the EU battery sector and supply chain security.

• Powered by renewable energy and focused on ESG-certified supply chains.