Empire Metals (EEE) Corporate presentation summary

Project overview and strategic context

• Pitfield is positioned as the world's largest known titanium discovery, with an estimated 26.4 to 32.2 billion tonnes at 4.5% to 5.5% TiO2, representing about one third of global TiO2 inventory.

• The project is located in Western Australia, a tier 1 mining jurisdiction with strong infrastructure and proximity to ports, rail, roads, and power.

• Titanium is classified as a critical mineral, with increasing global demand and government funding initiatives in the US, EU, Japan, and Australia.

• Geopolitical tensions and export restrictions from Russia and tariffs on Chinese production heighten the strategic importance of secure titanium supply.

• Pitfield aims to supply high-value TiO2 pigments and titanium metal, targeting premium pricing due to high purity and demand.

Resource and technical highlights

• The deposit features a high-grade weathered cap at surface, estimated at 4.0 to 4.9 billion tonnes grading 4.8% to 5.9% TiO2, predominantly high-purity anatase.

• Drilling (117 holes, 17,692m) confirms excellent continuity and consistency of mineralised beds, with significant intercepts up to 154m @ 6.76% TiO2.

• Metallurgical test work is ongoing, with gravity separation recovering 60-80% of Ti-bearing minerals and flotation achieving 78% TiO2 recovery.

• Acid leach tests on concentrates achieved 95% dissolution of anatase, supporting the production of high-grade TiO2 feedstock.

• The project offers lower reagent and energy costs, reduced carbon footprint, and increased competitiveness for pigment and metal production.

Infrastructure and development

• Pitfield benefits from established connections to ports, rail, highways, HV power substations, and natural gas pipelines.

• The project is near a planned green energy hydrogen fuel hub and is supported by regional government development initiatives.

• Staged development is planned to derisk the project and ensure strong economic outcomes.

• The technical team leverages access to research facilities and industry experts in Western Australia.