Sunrise Energy Metals (SRL) Company Presentation summary

Portfolio overview

• Holds a large, long-life, low-cost nickel-cobalt resource, currently on hold due to market oversupply from China and Indonesia/DRC.

• Owns the world's largest high-grade scandium resource, with a feasibility study update underway and a strategy to develop mineable scandium for strategic markets.

• Actively exploring copper-gold targets in Queensland, with drilling planned for 1H25.

Scandium market and supply dynamics

• Scandium is a rare earth element with unique properties, mainly used in fuel cells, aluminum alloys, and semiconductors.

• Over 90% of global demand comes from US industry, especially for civilian and defense applications.

• China dominates global scandium supply, controlling both raw material and refined metal, and has consolidated its industry under LB Group.

• US tariffs and trade policy may increase scandium prices and incentivize domestic utilization, while China restricts exports and expands capacity.

Syerston Scandium Project highlights

• Advanced project with key permits, piloting, and community support; located in NSW with secured water rights and infrastructure access.

• 2025 Mineral Resource Estimate (MRE) supports an updated feasibility study; resource is shallow, continuous, and open for expansion.

• Resource estimate: 60.3 Mt at 390 ppm Sc (M+I+I), with high-grade zones >600 ppm targeted for early, low-cost development.

• Drilling campaign scheduled for 2Q25 to expand high-grade zones and further define the mine plan.