Empire Metals (EEE) Corporate presentation summary

Project overview and resource scale

• Pitfield project in Western Australia hosts a JORC MRE of 8.16Bt at 4.3% TiO2, containing 349Mt TiO2, making it the world's largest reported titanium resource.

• Extensive drilling (1,102 holes, 67,846m) confirms high-grade continuity and multi-generational mine life.

• High-purity, in-situ weathered cap hosts ~85% of measured and indicated resources, with grades exceeding 7% TiO2 in core zones.

• Resource is predominantly anatase and rutile, with >90% TiO2, suitable for premium pigment and metal markets.

• Project benefits from a 70:30 JV with Century Minerals and is located in a tier-1 mining jurisdiction with strong infrastructure.

Market opportunity and strategic positioning

• Titanium is a critical metal for aerospace, defense, medical, and renewables, with pigment pricing above $3,700/tonne.

• Global TiO2 market projected at $20B in 2025, growing at 3.4% CAGR; supply is constrained and dominated by China, which lacks high-quality output.

• U.S. and EU dependency on imports is a strategic vulnerability, with tariffs and trade restrictions impacting supply chains.

• Pitfield offers a cost advantage over typical ilmenite routes, with low-cost mining, minimal waste, and high-purity output.

• Multiple high-value routes to market: pigment, feedstock, and titanium metal, with a structural cost advantage from mine to market.

Technical and operational strengths

• Integrated processing flowsheet confirmed to produce high-purity TiO2 and potential high-grade alumina by-product.

• Bench-scale testwork demonstrates >99% TiO2 product purity and >98% extraction via acid bake-water leach process.

• Low Fe2O3 in feed reduces acid consumption and waste, while selective flotation recovers anatase-rich concentrate.

• Infrastructure includes grid power, gas pipeline, rail, road, and renewable energy options, supporting low-cost operations.

• Environmental and permitting processes underway, with pilot-scale validation and engineering studies in progress.