Beowulf Mining (BEM) Corporate Presentation summary

Investment case and strategic positioning

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

• Focused on assets in Sweden, Finland, and Kosovo, with strong political and strategic support to bolster supply chains.

• Emphasis on delivering shareholder returns and supporting Europe's decarbonisation agenda.

• Portfolio offers development optionality and is aligned with growing demand from the steel and battery sectors.

ESG and sustainability

• ESG principles are embedded as a core value, with a focus on transparency, accountability, and stakeholder engagement.

• Committed to environmental stewardship, innovation, and technology adoption.

• Targets carbon neutrality and supports the green transition while generating value for stakeholders.

• Aligned with multiple UN Sustainable Development Goals, including climate action and responsible consumption.

Jokkmokk Iron (Kallak Project)

• Sweden's largest undeveloped quartz banded iron ore deposit, with a measured and indicated resource of 111Mt @ 28% Fe and inferred resource of 25Mt @ 28.3% Fe.

• Potential to produce ~2.7Mtpa of high-grade, low-impurity concentrate (>70% Fe) for green steel production.

• Well-located with access to rail, ports, low-cost clean energy, and skilled workforce.

• Project significantly de-risked with exploitation concession received, PFS and environmental permit application well-advanced.

• Exploration upside with potential for mine life extension and additional resources.