Brazillian Critical Minerals Limited · ASX:BCM
Brazillian Critical Minerals — Investor Presentation (June 2026)
20 slides from Brazillian Critical Minerals's investor presentation, Jun 30, 2026
Slide 1: Ema Rare Earth Project
Ema Rare Earth Project June 2026 CRITICAL TO OUR FUTURE “A Clean Mine powering Clean Energy” Bankable Feasibility Study
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Brazilan Critical Minerals limited (company). Competent person statement This important notice and disclaimer applies to this presentation and any information provided in relation to The information in this report that relates to exploration results
Slide 3: BFS Highlights
BFS Highlights Superior Return Strong Capital Scalable Asset on Investment Efficiency Potential EMA Rare Earth Project US $1.47B IRR 105% US $152M Post-tax NPV Post-tax IRR Post-tax free Operating Cashflow Western Worlds Lowest Quartile Rapid Payback Lowest Cost Curve Period US $74M US $8.84/kg 0.5
Slide 4: Low-Cost, High-Return Long-Life, Quick Return
Low-Cost, High-Return Long-Life, Quick Return Annual Production Cash Costs (C1) NPV8 (post-tax Base Case) (LOM avg) US$8.84/kg TREO US$1,466M 10,500t MREC US$22.44/kg MREO NPV8 (post-tax High Case) 5,500t TREO Free Cash Flow (post-tax US$1,856M 1,900t MREO Base Case Pricing) US$3,369M IRR (Base Case
Slide 5: Key Financial Measures
Key Financial Measures Cashflow & Earnings Base High Base High Unit NPV, returns and key metrics Unit Case Case Case Case Metrics Annual Revenue US$M 265 318 NPV8% (post-tax, ungeared) US$M 1,466 1,856 Revenue (gross) US$M 5,436 6,526 IRR (post-tax, nominal basis) % 105 124 Annual EBITDA US$M 219 27
Slide 6: 20 year plan – 2 processing plants
20 year plan – 2 processing plants • Ability to recycle lixiviant between operating wellfield pods • Long-life resource with substantial potential for future expansion • Strong Tier-1 economics combined with exceptional ESG credentials
Slide 7: Capital and Operating Costs
Capital and Operating Costs Capital Requirements Unit Base Case Capex of US$74M inclusive of Pre-production capital (Stage 1) US$M 74 • US$19M carbon capture storage LOM sustaining capital expenditure US$ / year 12.95 • 14.4% contingency Unit cash operating costs (Avg LOM) Unit Base Case Capital Eff
Slide 8: Capex Cost
Capex Cost % CAPEX US$M of total Direct Costs Mechanical 28.84 39% • Large cost centres are well field setup Piping 6.85 9% and plant earthworks Structural 6.99 9% • US$12.5M in Wellfield 1 development Engineering 3.60 5% costs (Year 1 production only) Other 20.30 28% • CCS US$19M (Stage 1 & 2 requi
Slide 9: US$74M Capex – 0.5 year Payback
US$74M Capex – 0.5 year Payback US$4.2B US$3.4B Base Price NPV – US$1,466M (post-tax) Base Pricing - US$108*/kg NdPr avg High Price NPV – US$1,856M (post-tax) High Pricing – US$130*/kg NdPr avg *Average LOM values
Slide 10: LOM Production
LOM Production Cashflow & Earnings Metrics Unit BFS Scoping A New Standard for Low-Impact Mining In-situ TREO Grade Leached ppm 732 743 MREO Recovery % 55 62 Exceptional ESG credentials Average Annual Production t MREO 38,020 36,252 • Low greenhouse gas emissions Total Production t REO 109,500 95,65
Slide 11: Operating Costs (Stage 1)
Operating Costs (Stage 1) Annual operating cost by Category Operating Costs PRODUCTION ANNUAL COST DISTRIBUTION (Real LOM) BASIS Consumables 1% Labour US$M/A $/kg TREO % 15% Fixed Costs Labour 3.13 0.98 15% Miscellaneous Electrical Power 3% Miscellaneous 0.61 0.19 3% 33% Maintenance 1.76 0.55 9% Mai
Slide 12: AISC by Category
AISC by Category $350 $350 $300 $300 LOM Price NdPr AISC Cost by Category US$M $250 $250 • US$108/kg Gross Revenue US$M $200 $200 $150 $150 Low All in Sustaining Cost $100 $100 • US$13.02/kg TREO $50 $50 • US$37.50/kg MREO $- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 $- High Margins and Ope
Slide 13: Study Pricing Scenarios
Study Pricing Scenarios CIF North America 240 LOM Avg 200 Rare Earth Oxide Pricing (US$/kg) Pricing *TREO US$/kg NdPr oxide NdPr Ox Dy2O3 Tb2O5 160 Basket 120 High Case 130 1,899 4,643 61 80 Base Case 108 1,583 3,869 51 40 Low Case 86 1,266 3,095 41 0 *Bakset price inclusive of payabilities Historic
Slide 14: Price Sensitivities
Price Sensitivities Sensitivty to NdPr oxide price LOM Avg POST-TAX -30% -20% -10% 0% 10% 20% 30% Rare Earth Oxide Post Tax NPV Post Tax IRR NPV (US$ M) Pricing Pricing (US$/kg) DyTb Price 1,168 1,267 1,366 1,465 1,564 1,663 1,762 NdPr Ox (US$m) (%) NdPr Price 1,175 1,272 1,369 1,465 1,562 1,659 1,7
Slide 15: BFS vs Scoping
BFS vs Scoping Unit Scoping BFS Date Feb 2025 June 2026 Capex - US$74M Project Ema Ema Mine Life years 20 20 • 4 x increase in post-tax NPV Capex US$M 55 74 NPV (pre-tax) US$M 668 1,785 • 102% increase in IRR IRR (pre-tax) % 63 120 Price Forecast – Base Case US$/kg (NdPr) 60 108 • Capital effiency 1
Slide 16: Cost Curve Analysis
Cost Curve Analysis 30,000 25,000 US$/tonne REO 20,000 Bayan Obo MP Materials 15,000 Mountain Pass Lynas Mt Weld BCM Other Ionic Clay China Ionic Clays Ema Project Projects 10,000 5,000 0 t REO BCM Ema Project (ISR) Rest of World Projects and Operations Source: Company reports, Public filings
Slide 17: Large Resource Base
Large Resource Base Global Mineral Resource Estimate – April 2026 37% Indicated Resource Ema REE Project 2026 Mineral Resource Estimate 732 392M cut-off JORC Tonnes TREO NdPr DyTb MREO MREO:TREO ppm Category Mt ppm ppm ppm ppm % TREO Indicated 500 392 773 184 17 200 25 TREO ppm Indicated Tonnes Mt I
Slide 18: In-Situ (REE) Leaching
In-Situ (REE) Leaching most common form of REE extraction Leaching Injection Well • Low establishment cost Liquid Collection Zone • Proven decades old technology • Using gravity as our Extraction To Plant natural pumping system Wells • Readily leachable solution laden with rare earths • ISR accelera
Slide 19: Basket composition and price
Basket composition and price Strong Basket Price – right elements BFS Scoping MREC BASKET PRICE June 2026 Feb 2025 Oxide US$/kg % Basket $ US$/kg % Basket $ La2O3 29.52 0.53 34.7 0.18 CeO2 16.47 1.14 8.9 0.10 NdPr (99.5%) 108 32.61 35.4 62 36.3 22.33 Sm2O3 3.99 2.09 4.6 0.10 Eu2O3 0.45 27.19 0.5 0.1
Slide 20: Questions
Brazilian Critical Minerals QUESTIONS
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