Neometals (NMT) Precious Metals & Critical Minerals Virtual Investor Conference summary

Strategic focus and project overview

• Emphasis on gold and critical minerals, with a return to gold roots via the Barrambie Gold Project and ongoing development of lithium and vanadium assets for long-term growth.

• Barrambie Gold Project advanced rapidly, attracting a mining contractor joint venture to fund and operate production, minimizing upfront capital and risk.

• Utah lithium and potassium brine project marks the first U.S. asset, leveraging existing wells and infrastructure for efficient development.

• Vanadium recovery project in project financing stage, with 86% ownership.

• Diversified commodity exposure and business model, with a focus on sustainability and responsible practices.

Operational progress and near-term catalysts

• Barrambie Gold Project moving from exploration to production, with first drill holes in February 2023 and mining lease expected within two months.

• Ironclad area serves as a starter pit, with a 50/50 profit split after contractor cost recovery and minimal upfront capital.

• Scoping study for Ironclad shows 90% recoveries and AUD 23 million undiscounted cash flow, with mining operation under 12 months.

• Ongoing drilling at Ironclad and Rinaldi copper prospect, with potential for copper resource expansion.

• Multiple near-term news flow points anticipated, including native title agreement, mining lease, and investment decision.

Utah brine project and technical approach

• Utah brine project leverages 23 existing wells and over 80,000 acres of lease nominations, with strong government and infrastructure support.

• Plan to extract both potassium and lithium, using mechanical evaporation and direct lithium extraction for high-purity products.

• Energy costs in Utah are significantly lower than Australia, enhancing project economics.

• Metallurgical test work and bulk brine sampling scheduled for this quarter, with maiden mineral resource estimate and scoping study targeted for December quarter.

• Federal funding opportunities considered post-engineering studies, with a focus on technical and economic viability.